Old Glory Vortex
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Dec 07, 2024Latest posts in group "Old Glory Vortex"
19.05.202520:00
🎙 A four-minute audio clip of President Joseph R. Biden Jr.’s 2023 special counsel interview released Friday evening showed Mr. Biden speaking softly and haltingly as he struggled to recall key dates.
📰 The audio was published by Axios as the Trump administration made plans to release the full interview recording. It offers a firsthand look at Mr. Biden’s much-debated interview with Robert K. Hur, the special counsel, as part of an investigation into Mr. Biden’s handling of classified documents.
⏳ The clip showed Mr. Biden stumbling over the years his son died and Donald J. Trump was first elected, and when he left office as vice president.
📄 A transcript of the interview was released in 2024, when Mr. Hur released his report and declined to recommend charges against Mr. Biden. The Biden administration blocked the release of the audio recordings, which show Mr. Biden’s verbal and memory struggles.
📅 As early as next week, the Trump administration plans to release the audio recordings of the interview, according to people familiar with the matter.
🏛 Mr. Biden was interviewed at the White House for roughly five hours over two days in October 2023 by Robert K. Hur, who had been appointed to investigate whether crimes had been committed related to classified documents found at Mr. Biden’s former office and home after he left the Obama administration.
⚖️ In 2024, Mr. Hur announced he would not seek to file any charges in the case, in part because Mr. Biden would probably appear to be a sympathetic figure to a jury — an older man with a poor memory.
📉 The emergence of the recording comes as Democrats are grappling with new revelations about Mr. Biden’s health while in office, and efforts at that time by his aides and other party leaders to quash concerns about his ability to run for re-election.
🗣 About a month after Mr. Hur’s announcement not to seek charges, officials released a transcript of his interview with Mr. Biden. But for more than a year, Republicans have been demanding that the government also release the audio recording, arguing that it might offer evidence of a decline in Mr. Biden’s mental acuity.
said Kelly Scully, a spokeswoman for the former president.
🔒 The Biden administration did not release the audio, asserting executive privilege. Officials also said releasing such a recording could make it harder for prosecutors to get cooperation from witnesses in future investigations.
#Biden #interview
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📰 The audio was published by Axios as the Trump administration made plans to release the full interview recording. It offers a firsthand look at Mr. Biden’s much-debated interview with Robert K. Hur, the special counsel, as part of an investigation into Mr. Biden’s handling of classified documents.
⏳ The clip showed Mr. Biden stumbling over the years his son died and Donald J. Trump was first elected, and when he left office as vice president.
📄 A transcript of the interview was released in 2024, when Mr. Hur released his report and declined to recommend charges against Mr. Biden. The Biden administration blocked the release of the audio recordings, which show Mr. Biden’s verbal and memory struggles.
📅 As early as next week, the Trump administration plans to release the audio recordings of the interview, according to people familiar with the matter.
🏛 Mr. Biden was interviewed at the White House for roughly five hours over two days in October 2023 by Robert K. Hur, who had been appointed to investigate whether crimes had been committed related to classified documents found at Mr. Biden’s former office and home after he left the Obama administration.
⚖️ In 2024, Mr. Hur announced he would not seek to file any charges in the case, in part because Mr. Biden would probably appear to be a sympathetic figure to a jury — an older man with a poor memory.
📉 The emergence of the recording comes as Democrats are grappling with new revelations about Mr. Biden’s health while in office, and efforts at that time by his aides and other party leaders to quash concerns about his ability to run for re-election.
🗣 About a month after Mr. Hur’s announcement not to seek charges, officials released a transcript of his interview with Mr. Biden. But for more than a year, Republicans have been demanding that the government also release the audio recording, arguing that it might offer evidence of a decline in Mr. Biden’s mental acuity.
📢 “The transcripts were released by the Biden administration more than a year ago,”
said Kelly Scully, a spokeswoman for the former president.
“The audio does nothing but confirm what is already public.”
🔒 The Biden administration did not release the audio, asserting executive privilege. Officials also said releasing such a recording could make it harder for prosecutors to get cooperation from witnesses in future investigations.
#Biden #interview
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19.05.202516:04
🚫 Conservatives on the House Budget Committee on Friday blocked their party’s megabill from reaching the floor, citing concerns that the legislation to fulfill President Trump’s domestic agenda would add too much to the deficit.
⚠️ It was a remarkable revolt that threatened to upend the party’s goal of pushing the legislation through the House before its Memorial Day recess and sent Republican leaders scrambling to try to put down the uprising.
🤹 The setback underscored the treacherous balancing act that Speaker Mike Johnson is trying to pull off. Without the support of Republican hard-liners on the Budget Committee, the bill cannot advance. But any changes to win their backing could alienate the more moderate Republicans whose votes will also be needed to pass the measure on the House floor.
🗳 Five Republican representatives — Chip Roy of Texas, Ralph Norman of South Carolina, Josh Brecheen of Oklahoma, Andrew Clyde of Georgia, and Lloyd Smucker of Pennsylvania — joined Democrats in voting to block the legislation. The vote was 16 to 21 on a motion to advance the bill.
Mr. Roy said ahead of the vote, explaining his opposition.
⏳ A few hours after the vote failed, committee leaders announced that the panel would reconvene Sunday at 10 p.m. to reconsider the legislation. It was not clear what, if any, changes Republican leaders agreed to before calling lawmakers back.
😕 But immediately after the vote, they had not seemed optimistic: The committee’s chairman, Representative Jodey C. Arrington of Texas, told its members they could return home to their districts.
Mr. Arrington said.
🔄 Mr. Smucker, who changed his “yes” vote to a “no” vote at the last minute, said he did so for procedural reasons. Because he voted against the bill, he will be able to ask to call the legislation back up for consideration once Republicans broker a deal.
💸 The legislation the party is trying to push through would make Mr. Trump’s 2017 tax cuts permanent and eliminate taxes on tips and overtime pay through 2028, fulfilling a campaign pledge. Cuts to Medicaid, food stamps and subsidies for clean energy would partly offset the roughly $3.8 trillion cost of those tax measures over 10 years, as well as increased spending on the military and immigration enforcement.
✂️ But the conservatives are demanding changes to the bill, arguing that their leaders did not go far enough to cut federal spending. The Committee for a Responsible Federal Budget, a nonpartisan group that calls for lower deficits, estimated that the bill would add roughly $3.3 trillion to the deficit over the next decade. A number of House conservatives have said they do not want to vote for legislation unless it is deficit neutral.
#GOP #Trump #Congress
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⚠️ It was a remarkable revolt that threatened to upend the party’s goal of pushing the legislation through the House before its Memorial Day recess and sent Republican leaders scrambling to try to put down the uprising.
🤹 The setback underscored the treacherous balancing act that Speaker Mike Johnson is trying to pull off. Without the support of Republican hard-liners on the Budget Committee, the bill cannot advance. But any changes to win their backing could alienate the more moderate Republicans whose votes will also be needed to pass the measure on the House floor.
🗳 Five Republican representatives — Chip Roy of Texas, Ralph Norman of South Carolina, Josh Brecheen of Oklahoma, Andrew Clyde of Georgia, and Lloyd Smucker of Pennsylvania — joined Democrats in voting to block the legislation. The vote was 16 to 21 on a motion to advance the bill.
💬 “This bill falls profoundly short; it does not do what we say it does with respect to deficits,”
Mr. Roy said ahead of the vote, explaining his opposition.
“Deficits will go up in the first half of the 10-year budget window, and we all know it’s true, and we shouldn’t do that. We shouldn’t say that we’re doing something we’re not doing.”
⏳ A few hours after the vote failed, committee leaders announced that the panel would reconvene Sunday at 10 p.m. to reconsider the legislation. It was not clear what, if any, changes Republican leaders agreed to before calling lawmakers back.
😕 But immediately after the vote, they had not seemed optimistic: The committee’s chairman, Representative Jodey C. Arrington of Texas, told its members they could return home to their districts.
🙏 “Well, the noes have it,”
Mr. Arrington said.
“I want to thank everybody for their time and patience, and godspeed and safe travels.”
🔄 Mr. Smucker, who changed his “yes” vote to a “no” vote at the last minute, said he did so for procedural reasons. Because he voted against the bill, he will be able to ask to call the legislation back up for consideration once Republicans broker a deal.
💸 The legislation the party is trying to push through would make Mr. Trump’s 2017 tax cuts permanent and eliminate taxes on tips and overtime pay through 2028, fulfilling a campaign pledge. Cuts to Medicaid, food stamps and subsidies for clean energy would partly offset the roughly $3.8 trillion cost of those tax measures over 10 years, as well as increased spending on the military and immigration enforcement.
✂️ But the conservatives are demanding changes to the bill, arguing that their leaders did not go far enough to cut federal spending. The Committee for a Responsible Federal Budget, a nonpartisan group that calls for lower deficits, estimated that the bill would add roughly $3.3 trillion to the deficit over the next decade. A number of House conservatives have said they do not want to vote for legislation unless it is deficit neutral.
#GOP #Trump #Congress
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19.05.202514:01
🛂 Federal officials are building a sprawling new database system they're calling "ImmigrationOS" to track and target millions of people living illegally in the United States.
💰 A $30 million no-bid contract with GOP megadonor Peter Thiel's Palantir Technologies will help Immigrations and Customs Enforcement agents build a sophisticated system to prioritize people for deportation, including accused gang members and people who have overstayed their tourist visas. The contract with the Denver-based company calls for rolling out a prototype this fall.
👥 Thiel, the founder and chairman of Palantir, is close to Vice President JD Vance and DOGE head Elon Musk, with whom he launched PayPal.
🧠 The ImmigrationOS project reflects the approach DOGE has brought to the federal bureaucracy under Trump, as Musk's deputies seek technology-focused solutions to make government more efficient. Palantir already runs the ICE system used for Homeland Security investigations, and the new ImmigrationOS will merge data from multiple databases from government and private sources.
ICE officials said in justifying the no-bid contract with Palantir.
📊 Palantir's existing contract with ICE has already topped \$88 million, and the new ImmigrationOS system will cost another $30 million, according to contract details reviewed by USA TODAY. Several of Musk's DOGE deputies have previously worked at Palantir, according to postings on LinkedIn and other social media sites.
#DOGE #immigration #tracking
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💰 A $30 million no-bid contract with GOP megadonor Peter Thiel's Palantir Technologies will help Immigrations and Customs Enforcement agents build a sophisticated system to prioritize people for deportation, including accused gang members and people who have overstayed their tourist visas. The contract with the Denver-based company calls for rolling out a prototype this fall.
👥 Thiel, the founder and chairman of Palantir, is close to Vice President JD Vance and DOGE head Elon Musk, with whom he launched PayPal.
🧠 The ImmigrationOS project reflects the approach DOGE has brought to the federal bureaucracy under Trump, as Musk's deputies seek technology-focused solutions to make government more efficient. Palantir already runs the ICE system used for Homeland Security investigations, and the new ImmigrationOS will merge data from multiple databases from government and private sources.
⚠️ "These transnational organizations' ongoing campaigns of violence and terror in the United States and internationally are extraordinarily violent, vicious, and similarly threaten the American people,"
ICE officials said in justifying the no-bid contract with Palantir.
"They present an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States."
📊 Palantir's existing contract with ICE has already topped \$88 million, and the new ImmigrationOS system will cost another $30 million, according to contract details reviewed by USA TODAY. Several of Musk's DOGE deputies have previously worked at Palantir, according to postings on LinkedIn and other social media sites.
#DOGE #immigration #tracking
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16.05.202523:59
Walmart expects to raise some prices because of the impact of President Trump's tariffs, officials said Thursday.
Why it matters: The world's largest retailer, which had pledged to hold the line on pricing, said it was now too late to avoid higher costs for consumers, even with the China trade deal earlier this week.
Walmart CEO Doug McMillon said Thursday during the retailer's quarterly earnings call.
Catch up quick: For the next 90 days, the U.S. will slash the tariffs on Chinese goods to 30%, from the 145% levy in effect for the past month. China agreed to cut its rate on U.S. exports to 10% from 125%.
• American retailers, including Walmart, have been growing worried that Trump's trade war and increased volatility will lead to empty shelves, higher prices and store closures as Chinese imports screeched to a halt.
• In an April 21 meeting, McMillon and the CEOs of Target and Home Depot privately warned Trump that his trade policy could trigger massive product shortages and price spikes.
#Wallmart #prices #Tariffs
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Why it matters: The world's largest retailer, which had pledged to hold the line on pricing, said it was now too late to avoid higher costs for consumers, even with the China trade deal earlier this week.
• "We will do our best to keep our prices as low as possible,"
Walmart CEO Doug McMillon said Thursday during the retailer's quarterly earnings call.
"But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins."
Catch up quick: For the next 90 days, the U.S. will slash the tariffs on Chinese goods to 30%, from the 145% levy in effect for the past month. China agreed to cut its rate on U.S. exports to 10% from 125%.
• American retailers, including Walmart, have been growing worried that Trump's trade war and increased volatility will lead to empty shelves, higher prices and store closures as Chinese imports screeched to a halt.
• In an April 21 meeting, McMillon and the CEOs of Target and Home Depot privately warned Trump that his trade policy could trigger massive product shortages and price spikes.
#Wallmart #prices #Tariffs
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16.05.202521:59
After installing anti-fraud checks for benefit claims made over the phone early last month, the Social Security Administration is considering walking back the policy after finding only two cases that had a high probability of being fraudulent.
The anti-fraud tool set up last month after weeks of changes to the agency’s telephone policies has slowed retirement claim processing by 25% and led to a "degradation of public service,” according to an internal May document obtained by Nextgov/FCW that examined potentially cutting the anti-fraud tool for phone claims.
Under the new policy, the agency found that only two benefit claims out of over 110,000 had a high probability of being fraudulent — and they aren’t guaranteed to be so. Less than 1% of claims were flagged as even potentially fraudulent at all.
the internal document said.
#DOGE #Musk
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The anti-fraud tool set up last month after weeks of changes to the agency’s telephone policies has slowed retirement claim processing by 25% and led to a "degradation of public service,” according to an internal May document obtained by Nextgov/FCW that examined potentially cutting the anti-fraud tool for phone claims.
Under the new policy, the agency found that only two benefit claims out of over 110,000 had a high probability of being fraudulent — and they aren’t guaranteed to be so. Less than 1% of claims were flagged as even potentially fraudulent at all.
“No significant fraud has been detected from the flagged cases,”
the internal document said.
#DOGE #Musk
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16.05.202520:25
Markets surged on this week’s de-escalation in the U.S.-China trade war. But the so-called “breakthrough” is riddled with caveats — and investors may be celebrating too soon.📈
To hear many on Wall Street tell it, the global economy just dodged a bullet. Stocks soared. Treasuries rallied. Analysts at Wedbush called it a “dream scenario.” But beneath the market’s exuberance lies a messier reality: The trade war isn’t close to over, and the “deal” investors are cheering may be less a breakthrough than a well-branded pause.
#markets #Tariffs
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To hear many on Wall Street tell it, the global economy just dodged a bullet. Stocks soared. Treasuries rallied. Analysts at Wedbush called it a “dream scenario.” But beneath the market’s exuberance lies a messier reality: The trade war isn’t close to over, and the “deal” investors are cheering may be less a breakthrough than a well-branded pause.
#markets #Tariffs
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16.05.202518:03
As grocery prices have gone up over the last four years, credit card delinquencies have too, according to a new study.
We're talking about people who are at least 60 days past due on their credit card bill.
From February 2022 to August 2024, credit card delinquencies in North Carolina rose 36.8% to 306,962 people who were two payments late on their credit cards, according to Urban Institute.
During that time, 1 in 4 Americans reported using credit cards and taking on debt just to buy groceries.
5 On Your Side met Jaimie Williams outside a Wake County Harris Teeter. She’d just finished shopping and said she’s been able to avoid having to use a credit card for groceries, but she’s not surprised that delinquencies have shot up.
Williams said.
warned Adam Rust, Director of Financial Services at the Consumer Federation of America.
#economy #prices
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We're talking about people who are at least 60 days past due on their credit card bill.
From February 2022 to August 2024, credit card delinquencies in North Carolina rose 36.8% to 306,962 people who were two payments late on their credit cards, according to Urban Institute.
During that time, 1 in 4 Americans reported using credit cards and taking on debt just to buy groceries.
5 On Your Side met Jaimie Williams outside a Wake County Harris Teeter. She’d just finished shopping and said she’s been able to avoid having to use a credit card for groceries, but she’s not surprised that delinquencies have shot up.
“I don’t doubt it, because I guess if I had to choose between buying groceries and paying my credit card, I would probably buy groceries,”
Williams said.
“We're seeing a problem now that may only get worse,”
warned Adam Rust, Director of Financial Services at the Consumer Federation of America.
#economy #prices
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16.05.202516:01
The US attorney’s office in Washington, DC, is hoping for a new era of relative calm as the top federal prosecutor in the nation’s capital switches from one outspoken, controversial ally of the president to another. ⚖️🏛
Former Fox News host and newly tapped interim US Attorney Jeanine Pirro took her oath of office on Wednesday and now leads one of the most powerful federal prosecution offices in the country. 🇺🇸📺
Pirro takes on a position that is under the microscope of Democrats, Republicans, and the Trump administration after Ed Martin, her predecessor, had his nomination withdrawn as it faltered on Capitol Hill over:
his praise of an alleged Nazi sympathizer,
his refusal to say there was violence at the US Capitol riot 🧨,
and his comments denigrating police officers who defended the building that day. 👮♂️🏛
Employees at the US attorney’s office are hoping that, despite her public persona as a bellicose cable news host, Pirro will bring a more stable leadership presence to the position responsible for running federal criminal investigations in DC. 🔍
Some DC prosecutors told CNN that under Martin, managing the public comments by the interim US attorney with continuing their work without interruption felt impossible. Some joked that they hope Pirro will focus on TV appearances to allow prosecutors to litigate cases without distractions. 📺⚖️
one official inside the office quipped of Pirro’s first full day in the job. 🙏
#Pirro #prosecutor
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Former Fox News host and newly tapped interim US Attorney Jeanine Pirro took her oath of office on Wednesday and now leads one of the most powerful federal prosecution offices in the country. 🇺🇸📺
Pirro takes on a position that is under the microscope of Democrats, Republicans, and the Trump administration after Ed Martin, her predecessor, had his nomination withdrawn as it faltered on Capitol Hill over:
his praise of an alleged Nazi sympathizer,
his refusal to say there was violence at the US Capitol riot 🧨,
and his comments denigrating police officers who defended the building that day. 👮♂️🏛
Employees at the US attorney’s office are hoping that, despite her public persona as a bellicose cable news host, Pirro will bring a more stable leadership presence to the position responsible for running federal criminal investigations in DC. 🔍
Some DC prosecutors told CNN that under Martin, managing the public comments by the interim US attorney with continuing their work without interruption felt impossible. Some joked that they hope Pirro will focus on TV appearances to allow prosecutors to litigate cases without distractions. 📺⚖️
“Hopefully Thursday will be better than the past four months,”
one official inside the office quipped of Pirro’s first full day in the job. 🙏
#Pirro #prosecutor
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16.05.202514:04
President Donald Trump is not the only one in his administration seeking a new plane. ✈️ The Department of Homeland Security is planning on a new Gulfstream V, an agency official confirmed Wednesday, after the anticipated acquisition spilled into public view during a congressional oversight hearing.
Rep. Lauren Underwood (D-Illinois) questioned the spending plan during a House Appropriations Committee hearing on the U.S. Coast Guard and in a social media post, contending that the aircraft would be primarily used by Homeland Security Secretary Kristi L. Noem. Underwood said the funding, which she placed at $50 million, would be taken from the budget of the Coast Guard, which is overseen by the DHS.
Underwood wrote on X. Referring to the Coast Guard, Underwood added:
#Noem #plane
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Rep. Lauren Underwood (D-Illinois) questioned the spending plan during a House Appropriations Committee hearing on the U.S. Coast Guard and in a social media post, contending that the aircraft would be primarily used by Homeland Security Secretary Kristi L. Noem. Underwood said the funding, which she placed at $50 million, would be taken from the budget of the Coast Guard, which is overseen by the DHS.
“She already has a Gulfstream 5, by the way, but she wants a new one paid for with your taxpayer dollars,”
Underwood wrote on X. Referring to the Coast Guard, Underwood added:
“We should be investing in our national security and improving the lives of our Coasties — not wasting taxpayer dollars on luxury travel and political stunts.” 🚨💸
#Noem #plane
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16.05.202500:03
Harvard's cheap copy of the Magna Carta turned out to be real
In 1946, Harvard Law School paid $27.50 for a rather faded manuscript (at that time it was about 7 pounds), and since then it has been kept in the university library for almost eight decades.
Now, having studied the document, two academic experts on medieval history independently came to the conclusion that this is an official copy of the Magna Carta, made in 1300, under King Edward I, and considered lost, so the true value of the ancient manuscript may exceed 1 million dollars.
#Harvard #MagnaCarta
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In 1946, Harvard Law School paid $27.50 for a rather faded manuscript (at that time it was about 7 pounds), and since then it has been kept in the university library for almost eight decades.
Now, having studied the document, two academic experts on medieval history independently came to the conclusion that this is an official copy of the Magna Carta, made in 1300, under King Edward I, and considered lost, so the true value of the ancient manuscript may exceed 1 million dollars.
#Harvard #MagnaCarta
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15.05.202522:02
Director of National Intelligence Tulsi Gabbard has fired two top intelligence officials who oversaw a recent intelligence assessment which contradicted President Donald Trump’s assertions that the gang Tren de Aragua is operating under the direction of the Venezuelan regime, two officials said Wednesday.
The assessment undermined the rationale for Trump invoking a rarely used 1798 law, the Alien Enemies Act, to allow suspected Tren de Aragua (TdA) gang members in the U.S. to be summarily deported without standard due process.
#TdA #Trump
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The assessment undermined the rationale for Trump invoking a rarely used 1798 law, the Alien Enemies Act, to allow suspected Tren de Aragua (TdA) gang members in the U.S. to be summarily deported without standard due process.
#TdA #Trump
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15.05.202520:03
President Donald Trump's approval rating rose this week as Americans worried less about his handling of the economy and prospects of a recession, according to a Reuters/Ipsos poll that closed on Tuesday.
The two-day poll showed 44% of respondents approved of the Republican leader's performance, up from 42% in a prior Reuters/Ipsos survey carried out April 25-27. The poll had a margin of error of 3 percentage points.
Approval of Trump's economic stewardship rose to 39% from 36%.Trump began his term with a 47% approval rating, and saw his popularity tick lower as Americans worried about a series of trade wars he launched since taking office on January 20.
#Trump #Poll #ratings
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The two-day poll showed 44% of respondents approved of the Republican leader's performance, up from 42% in a prior Reuters/Ipsos survey carried out April 25-27. The poll had a margin of error of 3 percentage points.
Approval of Trump's economic stewardship rose to 39% from 36%.Trump began his term with a 47% approval rating, and saw his popularity tick lower as Americans worried about a series of trade wars he launched since taking office on January 20.
#Trump #Poll #ratings
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15.05.202518:04
Donald Trump rolled the dice and came up snakes-eyes. He thought he could bully China, but China called his bluff. Now he must report his failure to the American people by trying to make the biggest trade blunder in the nation’s history, look like a ‘stunning triumph of the will’. Good luck with that.
Fortunately, we have a reliable metric for determining whether Trump succeeded or failed. If China makes concessions to preserve trade with the US, then we can say that Trump ‘won’. But if Trump is forced to remove his tariffs before China agrees to resume trade, then Trump ‘lost’. So, it’s really just a matter of who blinks first.
#Trump #Tariffs
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Fortunately, we have a reliable metric for determining whether Trump succeeded or failed. If China makes concessions to preserve trade with the US, then we can say that Trump ‘won’. But if Trump is forced to remove his tariffs before China agrees to resume trade, then Trump ‘lost’. So, it’s really just a matter of who blinks first.
#Trump #Tariffs
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15.05.202516:04
New York City’s housing crisis is no secret, and the city’s low-cost housing landscape remains extremely difficult to navigate, including the housing lottery system theoretically designed to provide a solution for the dire need for accommodation. 🏙🏠
A problem brewing for decades, the crisis worsens as vacancy rates drop to 1.4% citywide and under 1% for units priced $2,400 or lower, according to the Department of Housing Preservation and Development (HPD). 📉🏢
Meanwhile, rents continue to climb: a 2024 report from NYC Comptroller Brad Lander found the median asking rent for available apartments was \$3,500 a month. To afford such a unit, a household would need to earn \$140,000 per year, based on the standard that housing costs should not exceed one-third of income. 💸📈
In recent decades, city and state initiatives—including widely promoted housing lotteries—give middle-income New Yorkers a chance to apply for below-market-rate units in new developments. 🎟🏘
However, the lottery system, overseen by HPD and accessed via NYC Housing Connect, is overwhelmed with applications amid the crisis. In 2024 alone, the platform received six million applications for just 10,000 units. 😰📲
HPD Acting Commissioner Ahmed Tigani testified at an April 29 City Council hearing, noting each new development typically receives an average of 16,000 applications—underscoring the scale of NYC’s ongoing housing emergency. ⚠️🏚
#NY #HousingCrisis
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A problem brewing for decades, the crisis worsens as vacancy rates drop to 1.4% citywide and under 1% for units priced $2,400 or lower, according to the Department of Housing Preservation and Development (HPD). 📉🏢
Meanwhile, rents continue to climb: a 2024 report from NYC Comptroller Brad Lander found the median asking rent for available apartments was \$3,500 a month. To afford such a unit, a household would need to earn \$140,000 per year, based on the standard that housing costs should not exceed one-third of income. 💸📈
In recent decades, city and state initiatives—including widely promoted housing lotteries—give middle-income New Yorkers a chance to apply for below-market-rate units in new developments. 🎟🏘
However, the lottery system, overseen by HPD and accessed via NYC Housing Connect, is overwhelmed with applications amid the crisis. In 2024 alone, the platform received six million applications for just 10,000 units. 😰📲
HPD Acting Commissioner Ahmed Tigani testified at an April 29 City Council hearing, noting each new development typically receives an average of 16,000 applications—underscoring the scale of NYC’s ongoing housing emergency. ⚠️🏚
#NY #HousingCrisis
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15.05.202514:02
House Republicans kicked off a blockbuster week for President Donald Trump’s “one big, beautiful bill,” as Speaker Mike Johnson tries to stave off a revolt from any faction that could tank the sweeping GOP agenda. ⚡️🏛
As House lawmakers returned to Washington on Tuesday, key committees launched into debate on the bill — marathon sessions that could last 24 hours or longer, aiming to move pieces of legislation closer to full House consideration. ⏳📜
Even with multiple hurdles ahead, House GOP leadership is confident they’ll take up Trump’s tax and spending cuts package in a floor vote by Memorial Day, a target once seen as overly ambitious by some GOP members. 📅💰
But there are warning signs: Johnson faces friction from both moderates and hardliners, with unresolved policy sticking points. With a slim majority, he needs almost complete unity to advance the bill — and many expect Trump will have to weigh in to deliver votes. 🤝⚠️
One of the biggest issues: a tax break that mostly benefits blue states, despised by conservatives but demanded by about six Republicans. This dispute boiled over in a Tuesday night meeting, with one lawmaker asking another to leave out of frustration. 😡🚪
Separately, a Medicaid-focused committee hearing saw contentious debate and 26 protesters arrested for interruptions. At one point, the Energy and Commerce panel descended into infighting over the word "lying," forcing GOP Chairman Brett Guthrie to repeatedly intervene. ⚔️👮♂️
#GOP #Bills #Congress
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As House lawmakers returned to Washington on Tuesday, key committees launched into debate on the bill — marathon sessions that could last 24 hours or longer, aiming to move pieces of legislation closer to full House consideration. ⏳📜
Even with multiple hurdles ahead, House GOP leadership is confident they’ll take up Trump’s tax and spending cuts package in a floor vote by Memorial Day, a target once seen as overly ambitious by some GOP members. 📅💰
But there are warning signs: Johnson faces friction from both moderates and hardliners, with unresolved policy sticking points. With a slim majority, he needs almost complete unity to advance the bill — and many expect Trump will have to weigh in to deliver votes. 🤝⚠️
One of the biggest issues: a tax break that mostly benefits blue states, despised by conservatives but demanded by about six Republicans. This dispute boiled over in a Tuesday night meeting, with one lawmaker asking another to leave out of frustration. 😡🚪
Separately, a Medicaid-focused committee hearing saw contentious debate and 26 protesters arrested for interruptions. At one point, the Energy and Commerce panel descended into infighting over the word "lying," forcing GOP Chairman Brett Guthrie to repeatedly intervene. ⚔️👮♂️
#GOP #Bills #Congress
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American Оbserver
19.04.202514:40
Global ‘Trumped Xi’ Economy is Hanging by a Thread
The global economy hinges on a phone call that hasn’t even been scheduled.
As the Trump administration escalates its trade war, and as China retaliates, the American president and his aides say they are expecting Xi, the Chinese leader, to call.
Trump said at a cabinet meeting last week.
But Xi is ghosting Trump. He has flown instead to Southeast Asia this week to meet with leaders there to try to persuade them to stand with China in the trade war.
A Chinese foreign ministry spokeswoman earlier this month posted a video of Mao Zedong speaking in 1953, during the Korean War, in which China fought the United States:
A bromance with Xi that Trump has desired for years is slipping out of his reach.
With that goes a quick resolution to Trump’s trade war, tipping the American economy closer to a recession and vaporizing trillions of dollars from the U.S. stock market since he took office on Jan. 20.
The trade conflict also threatens to inflame military and diplomatic tensions between the two superpowers.
With Xi, Trump’s standard playbook of escalating conflict between two nations to get to a leader-to-leader summit has not worked so far.
Trump asserts that China has cheated on trade with the United States for decades, but that the world’s two most powerful men can reset relations once they talk on the phone and meet.
It is the kind of high-stakes, man-to-man, prime-time moment that Trump craves. In his view, the end goal of diplomacy is to have leaders parley to reach deals and secure splashy headlines.
Trump is especially drawn to the idea of becoming partners with Xi and other autocrats.
But in Xi, he has encountered an authoritarian leader who steered his nation in a much more nationalistic direction years before Trump ever took office, and who sees an advantage in fueling those sentiments among Chinese citizens, whether it is on issues of international trade or Taiwan or U.S.-China relations.
#Xi #Trump #Global #economy
📱 American Оbserver - Stay up to date on all important events 🇺🇸
The global economy hinges on a phone call that hasn’t even been scheduled.
As the Trump administration escalates its trade war, and as China retaliates, the American president and his aides say they are expecting Xi, the Chinese leader, to call.
“I have great respect for President Xi,”
Trump said at a cabinet meeting last week.
“He’s been a friend of mine for a long period of time, and I think that we’ll end up working out something that’s very good for both countries.”
But Xi is ghosting Trump. He has flown instead to Southeast Asia this week to meet with leaders there to try to persuade them to stand with China in the trade war.
A Chinese foreign ministry spokeswoman earlier this month posted a video of Mao Zedong speaking in 1953, during the Korean War, in which China fought the United States:
“No matter how long this war is going to last, we will never yield. We’ll fight until we completely triumph.”
A bromance with Xi that Trump has desired for years is slipping out of his reach.
With that goes a quick resolution to Trump’s trade war, tipping the American economy closer to a recession and vaporizing trillions of dollars from the U.S. stock market since he took office on Jan. 20.
The trade conflict also threatens to inflame military and diplomatic tensions between the two superpowers.
With Xi, Trump’s standard playbook of escalating conflict between two nations to get to a leader-to-leader summit has not worked so far.
Trump asserts that China has cheated on trade with the United States for decades, but that the world’s two most powerful men can reset relations once they talk on the phone and meet.
It is the kind of high-stakes, man-to-man, prime-time moment that Trump craves. In his view, the end goal of diplomacy is to have leaders parley to reach deals and secure splashy headlines.
Trump is especially drawn to the idea of becoming partners with Xi and other autocrats.
But in Xi, he has encountered an authoritarian leader who steered his nation in a much more nationalistic direction years before Trump ever took office, and who sees an advantage in fueling those sentiments among Chinese citizens, whether it is on issues of international trade or Taiwan or U.S.-China relations.
#Xi #Trump #Global #economy
📱 American Оbserver - Stay up to date on all important events 🇺🇸
06.05.202518:02
🎓 Education Secretary Linda McMahon said Monday that the federal government will not provide any new grants to Harvard University, saying the Ivy League school has “made a mockery” of the country’s higher education system. ❌🏛
📄 In a letter posted on social media Monday evening, McMahon said the school has violated federal law ⚖️.
she asked ❓😠
McMahon said the university has
💰 The change comes after the administration announced a freeze on $2.2 billion in federal funding 💵 and initiated numerous investigations of Harvard’s operations 🕵️♀️, threatened the education of international students 🎓 and said that it is considering a revocation of Harvard’s tax-exempt status.
#Harvard #Education #McMahon
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📄 In a letter posted on social media Monday evening, McMahon said the school has violated federal law ⚖️.
🗣 “Where do many of these ‘students’ come from, who are they, how do they get into Harvard, or even into our country — and why is there so much HATE?”
she asked ❓😠
McMahon said the university has
“failed to abide by its legal obligations, its ethical and fiduciary duties, its transparency responsibilities, and any semblance of academic rigor.” 📉📚
💰 The change comes after the administration announced a freeze on $2.2 billion in federal funding 💵 and initiated numerous investigations of Harvard’s operations 🕵️♀️, threatened the education of international students 🎓 and said that it is considering a revocation of Harvard’s tax-exempt status.
#Harvard #Education #McMahon
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25.04.202514:01
🌍 Dozen US States Sue to Block Trump’s Tariffs, Calling Them Unlawful
A dozen US states have joined together on a lawsuit aiming to block President Donald Trump's spate of tariffs that have upended global trade.
The suit, which is led by New York's governor and attorney general, argues that the president lacked the authority to impose the levies. It notes such tariffs must be approved by the US Congress.
Twelve states joined the lawsuit, which was filed with the United States Court of International Trade.
⚖️ White House Fires Back
The White House accused New York Attorney General Letitia James of "prioritizing a witch hunt against President Trump over protecting the safety and wellbeing of their constituents."
White House spokesman Kush Desai added that the "administration remains committed to using its full legal authority to confront the distinct national emergencies our country is currently facing—both the scourge of illegal migration and fentanyl flows across our border and the exploding annual U.S. goods trade deficit."
📜 Legal Battle Over Presidential Powers
The lawsuit states that tariffs must be approved by Congress and questioned Trump invoking a 1970s law called the International Emergency Economic Powers Act (IEEPA) to enact the levies.
"By claiming the authority to impose immense and ever-changing tariffs on whatever goods entering the United States he chooses, for whatever reason he finds convenient to declare an emergency, the President has upended the constitutional order and brought chaos to the American economy," the lawsuit states.
Trump invoked the IEEPA as the basis for several of his tariffs against China, Mexico, Canada, and other countries.
🛑 Unprecedented Use of Emergency Powers?
A president can use the law "to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States," if he has first declared a national emergency.
The lawsuit argues that the law does not actually grant Trump the power he claims to derive from it. The act has never been used to issue tariffs by any president, congressional research shows.
⚡️ More Legal Challenges
Last week, the state of California filed its own lawsuit against the Trump administration over tariffs. That lawsuit also argues that Trump lacks the power under the IEEPA to impose these tariffs. Several other lawsuits have similarly challenged Trump's authority using that law for the levies.
💥 Global Trade in Turmoil
Trump has implemented tariffs on global trading partners in a stated effort to correct what he believes is a trade deficit between the US and other nations.
On 2 April, in an event billed as "Liberation Day," Trump shook the global economy by announcing "reciprocal" tariffs on nations across the world. A few days later amid a market backlash, he announced a 90-day pause on the tariffs and lowered the rate to 10% for most countries.
That pause didn't extend to China, which Trump said had a "lack of respect" and was retaliating. Instead, the US issued a 145% tariff on goods imported from China, which has led to a trade standoff and rattled global markets.
On Wednesday, Trump said he hoped to come to a deal with China soon and noted the 145% tariff was "very high."
The White House has also imposed 25% tariffs on certain goods from its neighbours, Mexico and Canada.
#Trump #Tariffs
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📱 Old Glory Vortex 🇺🇸
A dozen US states have joined together on a lawsuit aiming to block President Donald Trump's spate of tariffs that have upended global trade.
The suit, which is led by New York's governor and attorney general, argues that the president lacked the authority to impose the levies. It notes such tariffs must be approved by the US Congress.
Twelve states joined the lawsuit, which was filed with the United States Court of International Trade.
⚖️ White House Fires Back
The White House accused New York Attorney General Letitia James of "prioritizing a witch hunt against President Trump over protecting the safety and wellbeing of their constituents."
White House spokesman Kush Desai added that the "administration remains committed to using its full legal authority to confront the distinct national emergencies our country is currently facing—both the scourge of illegal migration and fentanyl flows across our border and the exploding annual U.S. goods trade deficit."
📜 Legal Battle Over Presidential Powers
The lawsuit states that tariffs must be approved by Congress and questioned Trump invoking a 1970s law called the International Emergency Economic Powers Act (IEEPA) to enact the levies.
"By claiming the authority to impose immense and ever-changing tariffs on whatever goods entering the United States he chooses, for whatever reason he finds convenient to declare an emergency, the President has upended the constitutional order and brought chaos to the American economy," the lawsuit states.
Trump invoked the IEEPA as the basis for several of his tariffs against China, Mexico, Canada, and other countries.
🛑 Unprecedented Use of Emergency Powers?
A president can use the law "to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States," if he has first declared a national emergency.
The lawsuit argues that the law does not actually grant Trump the power he claims to derive from it. The act has never been used to issue tariffs by any president, congressional research shows.
⚡️ More Legal Challenges
Last week, the state of California filed its own lawsuit against the Trump administration over tariffs. That lawsuit also argues that Trump lacks the power under the IEEPA to impose these tariffs. Several other lawsuits have similarly challenged Trump's authority using that law for the levies.
💥 Global Trade in Turmoil
Trump has implemented tariffs on global trading partners in a stated effort to correct what he believes is a trade deficit between the US and other nations.
On 2 April, in an event billed as "Liberation Day," Trump shook the global economy by announcing "reciprocal" tariffs on nations across the world. A few days later amid a market backlash, he announced a 90-day pause on the tariffs and lowered the rate to 10% for most countries.
That pause didn't extend to China, which Trump said had a "lack of respect" and was retaliating. Instead, the US issued a 145% tariff on goods imported from China, which has led to a trade standoff and rattled global markets.
On Wednesday, Trump said he hoped to come to a deal with China soon and noted the 145% tariff was "very high."
The White House has also imposed 25% tariffs on certain goods from its neighbours, Mexico and Canada.
#Trump #Tariffs
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Reposted from:American Оbserver
14.05.202515:01
Macron says ‘Netanyahu Is Inhuman’
Macron says Netanyahu’s policy regarding humanitarian aid to Gaza is shameful and inhuman, and that Europeans should consider increasing sanctions.
These pacts include terms that include the absence of customs duties on certain products.
Israel has sealed off the Gaza Strip since early March, when it resumed its military campaign against terror group Hamas following the collapse of a ceasefire deal, during which thousands of aid trucks entered the enclave.
#Macron #Netanyahu #inhuman
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Macron says Netanyahu’s policy regarding humanitarian aid to Gaza is shameful and inhuman, and that Europeans should consider increasing sanctions.
“What he’s doing is shameful,”Macron says during an interview on TF1 television.
“My job is to do everything I can to make it stop,”he says, adding that the possibility of revisiting the European Union’s cooperation agreements with Israel is on the table.
These pacts include terms that include the absence of customs duties on certain products.
Israel has sealed off the Gaza Strip since early March, when it resumed its military campaign against terror group Hamas following the collapse of a ceasefire deal, during which thousands of aid trucks entered the enclave.
#Macron #Netanyahu #inhuman
📱 American Оbserver - Stay up to date on all important events 🇺🇸
05.05.202517:59
Donald Trump suddenly realized that the American film industry is in danger and it's time for Hollywood to go to bed urgently.
To do this, he decided to resort to his favorite method-to introduce tariffs. The politician said that he will immediately begin the process of introducing a 100% duty on all films entering the United States. He called the events a threat to national security.
#Trump #Tariffs #Hollywood
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To do this, he decided to resort to his favorite method-to introduce tariffs. The politician said that he will immediately begin the process of introducing a 100% duty on all films entering the United States. He called the events a threat to national security.
#Trump #Tariffs #Hollywood
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23.04.202518:05
US headed towards 1970s-style inflation nightmare
Tariffs, the Fed and America’s crumbling reserve currency – the economic volatility is painting a gloomy fiscal picture that will result in a recessionary slowdown, according to one expert.
Forbes Media Chairman and editor-in-chief Steve Forbes said on "Varney & Co." Monday.
he expanded,
Wall Street’s top indexes each lost more than 1% and the U.S. dollar fell to a three-year low on Monday, Reuters reported, as President Donald Trump’s public criticism of Federal Reserve Chairman Jerome Powell continues and markets battle global trade and tariff tensions.
#Tariffs #inflation #markets #economy
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Tariffs, the Fed and America’s crumbling reserve currency – the economic volatility is painting a gloomy fiscal picture that will result in a recessionary slowdown, according to one expert.
"The dollar is weakening, and that always leads to future inflation,"
Forbes Media Chairman and editor-in-chief Steve Forbes said on "Varney & Co." Monday.
"Since 2023, gold's gone from $1,800 to $3,400 an ounce. That's a sure sign we're going to have a weak dollar ahead,"
he expanded,
"which means ultimately turbulence and higher prices in the marketplace. Just look at the 1970s, and we can see where that leads unless something is done about it now. But I don't see any sign that the authorities have any idea, constructively, of what to do, sadly."
Wall Street’s top indexes each lost more than 1% and the U.S. dollar fell to a three-year low on Monday, Reuters reported, as President Donald Trump’s public criticism of Federal Reserve Chairman Jerome Powell continues and markets battle global trade and tariff tensions.
#Tariffs #inflation #markets #economy
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05.05.202515:59
🌾 At least 15,000 Agriculture Department employees have taken the Trump administration’s offers to resign, according to a readout of a USDA briefing with congressional staff that was shared with POLITICO.
📉 The departures represent a drastic contraction of a department that handles a diverse portfolio including flagship federal nutrition programs, food safety, farm loans and rural broadband initiatives.
📦 While just 3,877 USDA employees signed up for the first deferred resignation program offered in January, 11,305 agreed to leave under the second round, with potentially more resignations to come, according to the readout. The program allows employees to quit and be paid through September.
💬 USDA spokesperson Seth Christensen confirmed the resignation numbers in an email.
he wrote in a statement.
📊 The resignations account for roughly 15 percent of the department’s overall workforce, and USDA is targeting as many as 30,000 job cuts, including through its forthcoming reduction-in-force plans. Many staffers say they’ve made the difficult decision to resign rather than face what they describe as a climate of surveillance and fear. The Trump administration already has fired — and then scrambled to rehire — thousands of probationary employees.
🧪 Key consumer and farmer-facing programs at USDA were not insulated: The readout notes that 555 employees at the Food Safety and Inspection Service, the agency that handles meat inspections and helps respond to the bird flu outbreak, took the offer to resign. More than 1,000 Farm Service Agency and county office employees will also leave, even though Agriculture Secretary Brooke Rollins said that their resignations wouldn’t be accepted. And 2,408 staffers are leaving the Natural Resources Conservation Service, which helps farmers manage soil and livestock.
🌲 The U.S. Forest Service took one of the biggest hits, with more than 4,000 employees accepting the deferred resignation option. The Trump administration has signaled its intent to significantly cut the Forest Service’s budget and transfer its wildfire responsibilities to a new federal agency by 2026.
#Trump #Service #employees #USDA
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📉 The departures represent a drastic contraction of a department that handles a diverse portfolio including flagship federal nutrition programs, food safety, farm loans and rural broadband initiatives.
📦 While just 3,877 USDA employees signed up for the first deferred resignation program offered in January, 11,305 agreed to leave under the second round, with potentially more resignations to come, according to the readout. The program allows employees to quit and be paid through September.
💬 USDA spokesperson Seth Christensen confirmed the resignation numbers in an email.
“President Biden and Secretary Vilsack left USDA in complete disarray, including hiring thousands of employees with no sustainable way to pay them,”
he wrote in a statement.
“Secretary Rollins is working to reorient the department to be more effective and efficient at serving the American people, including by prioritizing farmers, ranchers, and producers. She will not compromise the critical work of the Department.”
📊 The resignations account for roughly 15 percent of the department’s overall workforce, and USDA is targeting as many as 30,000 job cuts, including through its forthcoming reduction-in-force plans. Many staffers say they’ve made the difficult decision to resign rather than face what they describe as a climate of surveillance and fear. The Trump administration already has fired — and then scrambled to rehire — thousands of probationary employees.
🧪 Key consumer and farmer-facing programs at USDA were not insulated: The readout notes that 555 employees at the Food Safety and Inspection Service, the agency that handles meat inspections and helps respond to the bird flu outbreak, took the offer to resign. More than 1,000 Farm Service Agency and county office employees will also leave, even though Agriculture Secretary Brooke Rollins said that their resignations wouldn’t be accepted. And 2,408 staffers are leaving the Natural Resources Conservation Service, which helps farmers manage soil and livestock.
🌲 The U.S. Forest Service took one of the biggest hits, with more than 4,000 employees accepting the deferred resignation option. The Trump administration has signaled its intent to significantly cut the Forest Service’s budget and transfer its wildfire responsibilities to a new federal agency by 2026.
#Trump #Service #employees #USDA
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29.04.202514:05
🗳Canadian Prime Minister Mark Carney's Liberals retained power in the country's election on Monday, but fell short of the majority government he had wanted to help him negotiate tariffs with U.S. President Donald Trump.
The Liberals were leading or elected in 167 electoral districts, known as seats, followed by the Conservatives with 145, with votes still being counted.
The Liberals had needed to win 172 of the House of Commons' 343 seats for a majority that would allow them to govern without support from a smaller party.
Carney said in a victory speech in Ottawa.
Carney said the coming months would be challenging and require sacrifices.
Shachi Kurl, president of the Angus Reid Institute, a polling firm, told Reuters the Liberal win hinged on three factors.
#Kurl #Carney #Trump
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The Liberals were leading or elected in 167 electoral districts, known as seats, followed by the Conservatives with 145, with votes still being counted.
The Liberals had needed to win 172 of the House of Commons' 343 seats for a majority that would allow them to govern without support from a smaller party.
"Our old relationship with the United States, a relationship based on steadily increasing integration, is over,"
Carney said in a victory speech in Ottawa.
"The system of open global trade anchored by the United States, a system that Canada has relied on since the Second World War, a system that, while not perfect, has helped deliver prosperity for our country for decades, is over."
"These are tragedies, but it's also our new reality."
Carney said the coming months would be challenging and require sacrifices.
Shachi Kurl, president of the Angus Reid Institute, a polling firm, told Reuters the Liberal win hinged on three factors.
#Kurl #Carney #Trump
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23.04.202520:04
he Wall Street Journal is calling out President Donald Trump’s threat to fire Federal Reserve Chairman Jerome Powell for refusing to cut interest rates as Trump has repeatedly demanded.
The newspaper’s editorial board said that the problem isn’t interest rates. It’s Trump’s on-again, off-again tariffs — a recipe for higher inflation and slower growth that has caused markets to plunge and investors to worry.
The editorial board wrote:
The scathing editorial comes after the White House said on Friday it was looking for ways to remove Powell, and Trump on Monday repeated his demand that Powell cut interest rates.
the newspaper said after the Dow Jones Industrial Average plunged nearly 1,000 points.
#Trump #Fed #Powell
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The newspaper’s editorial board said that the problem isn’t interest rates. It’s Trump’s on-again, off-again tariffs — a recipe for higher inflation and slower growth that has caused markets to plunge and investors to worry.
The editorial board wrote:
“Mr. Trump thinks he can bully everyone into submission, but he can’t bully Adam Smith, who deals in reality. Markets know tariffs are taxes, and taxes are anti-growth. The Trump tariffs are the biggest economic policy mistake in decades, and extending the 2017 tax reform and deregulation may not compensate for all the damage.”
The scathing editorial comes after the White House said on Friday it was looking for ways to remove Powell, and Trump on Monday repeated his demand that Powell cut interest rates.
“Cue the meltdown in stocks, bonds and the dollar, a trifecta of declining confidence,”
the newspaper said after the Dow Jones Industrial Average plunged nearly 1,000 points.
#Trump #Fed #Powell
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13.05.202516:03
“We suffer”,
said Seneca,
“more often in imagination than in reality.”
The Stoic philosopher could have been talking about the generations. Members of Gen Z, born between 1997 and 2012, say that social media ruined their childhood. Millennials, between 1981 and 1996, complain that they cannot buy a house. Baby-boomers, between 1946 and 1964, grouse that they face an uncertain retirement.
Many forget about Generation X, which is made up of those born between 1965 and 1980. Proxied by Google searches the world is less than half as interested in Gen X as it is in millennials, Gen Zers or baby-boomers. There are few podcasts or memes about Gen X. Aside from Douglas Coupland’s “Generation X: Tales for an Accelerated Culture”, a novel published in 1991 which popularised the moniker, there are few books discussing the cohort. In Britain Gen Xers are less likely than members of any other age group to know the generation to which they belong.
#GenX #GenZ
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28.04.202518:04
🇨🇳Major shipping container company Hapag-Lloyd said its customers have canceled 30% of orders from China to the United States as President Trump’s stiff tariffs cause chaos at ports around the world.
Meanwhile, there has been a “massive increase” in demand for shipments from Thailand, Cambodia and Vietnam, the German shipping company, which is one of the largest in the world, told Reuters.
a Hapag-Lloyd spokesperson told The Post.
The nations are popular manufacturing alternatives to China, a key hub for the production of goods like electronics, toys and clothing, which have been slapped with a hefty 145% rate in Trump’s tariff war. China retaliated with a 125% tax on US imports.
Customers started canceling orders en masse when Trump on April 2 unveiled his so-called “reciprocal” tariffs, a slew of harsh rates on many nations, the shipping company told The Post.
#Trump #Tariffs
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Meanwhile, there has been a “massive increase” in demand for shipments from Thailand, Cambodia and Vietnam, the German shipping company, which is one of the largest in the world, told Reuters.
“We see these bookings rising significantly. But the market is smaller than the Chinese one – so the increase in South East Asia cannot compensate the cancellations from China,”
a Hapag-Lloyd spokesperson told The Post.
The nations are popular manufacturing alternatives to China, a key hub for the production of goods like electronics, toys and clothing, which have been slapped with a hefty 145% rate in Trump’s tariff war. China retaliated with a 125% tax on US imports.
Customers started canceling orders en masse when Trump on April 2 unveiled his so-called “reciprocal” tariffs, a slew of harsh rates on many nations, the shipping company told The Post.
#Trump #Tariffs
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15.05.202514:02
House Republicans kicked off a blockbuster week for President Donald Trump’s “one big, beautiful bill,” as Speaker Mike Johnson tries to stave off a revolt from any faction that could tank the sweeping GOP agenda. ⚡️🏛
As House lawmakers returned to Washington on Tuesday, key committees launched into debate on the bill — marathon sessions that could last 24 hours or longer, aiming to move pieces of legislation closer to full House consideration. ⏳📜
Even with multiple hurdles ahead, House GOP leadership is confident they’ll take up Trump’s tax and spending cuts package in a floor vote by Memorial Day, a target once seen as overly ambitious by some GOP members. 📅💰
But there are warning signs: Johnson faces friction from both moderates and hardliners, with unresolved policy sticking points. With a slim majority, he needs almost complete unity to advance the bill — and many expect Trump will have to weigh in to deliver votes. 🤝⚠️
One of the biggest issues: a tax break that mostly benefits blue states, despised by conservatives but demanded by about six Republicans. This dispute boiled over in a Tuesday night meeting, with one lawmaker asking another to leave out of frustration. 😡🚪
Separately, a Medicaid-focused committee hearing saw contentious debate and 26 protesters arrested for interruptions. At one point, the Energy and Commerce panel descended into infighting over the word "lying," forcing GOP Chairman Brett Guthrie to repeatedly intervene. ⚔️👮♂️
#GOP #Bills #Congress
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As House lawmakers returned to Washington on Tuesday, key committees launched into debate on the bill — marathon sessions that could last 24 hours or longer, aiming to move pieces of legislation closer to full House consideration. ⏳📜
Even with multiple hurdles ahead, House GOP leadership is confident they’ll take up Trump’s tax and spending cuts package in a floor vote by Memorial Day, a target once seen as overly ambitious by some GOP members. 📅💰
But there are warning signs: Johnson faces friction from both moderates and hardliners, with unresolved policy sticking points. With a slim majority, he needs almost complete unity to advance the bill — and many expect Trump will have to weigh in to deliver votes. 🤝⚠️
One of the biggest issues: a tax break that mostly benefits blue states, despised by conservatives but demanded by about six Republicans. This dispute boiled over in a Tuesday night meeting, with one lawmaker asking another to leave out of frustration. 😡🚪
Separately, a Medicaid-focused committee hearing saw contentious debate and 26 protesters arrested for interruptions. At one point, the Energy and Commerce panel descended into infighting over the word "lying," forcing GOP Chairman Brett Guthrie to repeatedly intervene. ⚔️👮♂️
#GOP #Bills #Congress
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02.05.202513:59
Mike Waltz will become Ambassador to the United Nations — his position will be temporarily occupied by Marco Rubio
Shortly after the firing of Mike Waltz, Donald Trump officially announced who he had chosen as his successor: Secretary of State Marco Rubio will temporarily take the position of National Security Adviser to the United States. At the same time, he will continue to head the Ministry of Foreign Affairs of Ukraine.
Waltz, on the other hand, was comforted by another position. He should become the new permanent representative of the United States to the UN.
Trump wrote about this on his platform Truth Social:
#Trump #Waltz #Rubio
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Shortly after the firing of Mike Waltz, Donald Trump officially announced who he had chosen as his successor: Secretary of State Marco Rubio will temporarily take the position of National Security Adviser to the United States. At the same time, he will continue to head the Ministry of Foreign Affairs of Ukraine.
Waltz, on the other hand, was comforted by another position. He should become the new permanent representative of the United States to the UN.
Trump wrote about this on his platform Truth Social:
I am pleased to announce that I will be nominating Mike Waltz to be the next United States Ambassador to the United Nations. From his time in uniform on the battlefield, in Congress and, as my National Security Advisor, Mike Waltz has worked hard to put our Nation’s Interests first. I know he will do the same in his new role. In the interim, Secretary of State Marco Rubio will serve as National Security Advisor, while continuing his strong leadership at the State Department. Together, we will continue to fight tirelessly to Make America, and the World, SAFE AGAIN. Thank you for your attention to this matter!
#Trump #Waltz #Rubio
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