. Trump’s tariffs are thought to protect U.S. industries and workers, but they mostly backfire by raising costs, inviting retaliation, and failing to boost jobs or reduce trade gaps. Tariffs act like a tax on the economy, and although tariffs may protect some industries, there are usually high general costs in terms of accelerating inflation […]
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Campaigners say the preferred buyer of the failing UK water firm has a record of "rampant profiteering and financial abuse of service users" on both sides of the Atlantic
I read the news today, oh boy. About a lucky man named Elon Musk. But he lost out on one thing: he didn’t get a top secret briefing on Pentagon war plans for China. And the news people breathed a sigh of relief. With apologies to John Lennon and The Beatles, a day in the life is getting increasingly tough to take here in the land of the free. I’m meant to be reassured that Musk didn’t get to see America’s top-secret plans for — yes! — going to war with China, even as I’m meant to ignore the constant drumbeat of propaganda, the incessant military marches that form America’s background music, conveying the message that America must have war... Read more
Source: Ending Militarism in America appeared first on TomDispatch.com.
Defense Secretary Pete Hegseth boasts he’s nixing contracts and grants amid DOGE’s cost-cutting campaign. But those trims won’t hit SpaceX.
The post DOGE’s Pentagon Budget Cuts Don’t Touch Elon Musk’s SpaceX appeared first on The Intercept.
Defense Secretary Pete Hegseth boasts he’s nixing contracts and grants amid DOGE’s cost-cutting campaign. But those trims won’t hit SpaceX.
The post DOGE’s Pentagon Budget Cuts Don’t Touch Elon Musk’s SpaceX appeared first on The Intercept.
During the Doctor Who red carpet premiere, showrunner Russell T. Davies confirmed that Mrs. Flood is a proper major villain in season two.
Hey!
Oh my god, I’m so glad I found you. I was starting to get worried. The game is about to start, and there’s no way I could even begin to pay attention until I found the one. The one other person of color at this hockey game, that is. You see, it’s a rule that we have to find each other before the puck drops. We have to make intense eye contact but share no words. We have to assure each other with a look that says “You’re not alone” and “Don’t worry, I’ve got your back.” Because when someone shouts something alarmingly racist during the national anthem, we have to be able to find each with wide eyes that say “What the actual fuck is going on?”
During the first intermission, we should meet by the bathroom near section 112 to check in on each other. Maybe we can even grab a giant pretzel. Silently, of course. That’s the key to this relationship. No words, all eyes.
Sometimes you don’t know what you’ve got till you take another look in the store cupboard. A new collection of Martin Rowson’s writings for Tribune opens up a treasure trove of caustically acerbic railings against the wrongs of the world, especially targeting the ‘craven, incompetent, cruel and callous clowns that lead us’. For 20 years […]
Nazanin Zaghari-Ratcliffe's husband Richard tells Byline Times that the UK's approach is leaving vulnerable Britons 'left behind'
- by Aeon Video
- by Attrishu Bordoloi
- by Webb Wright
Google is part of a Customs and Border Protection plan to use machine learning for surveillance, documents reviewed by The Intercept reveal.
The post Google Is Helping the Trump Administration Deploy AI Along the Mexican Border appeared first on The Intercept.
Google is part of a Customs and Border Protection plan to use machine learning for surveillance, documents reviewed by The Intercept reveal.
The post Google Is Helping the Trump Administration Deploy AI Along the Mexican Border appeared first on The Intercept.
Excalibur Healthcare, which supplied the UK Government with tens of millions of pounds worth of unusable PPE, ultimately folded owing taxpayers £22 million
So, Trump’s tariffs are out. He claims they’re half of what each country tariffs the US, but in fact they appear to have been determined by dividing how much the US sells to a country by how much that country sells to the US.
In other words, the more your trade surplus is, proportionally, the higher the tariffs.
This isn’t, on the face of it, necessarily stupid. But… it’s being done very stupidly.
The first problem is the most fundamental: much of what the US buys it can’t make or grow or dig up itself. New capacity takes time, so in cases where the US could in theory make whatever it is, tariffs should either be phased in, or there should be a delay “in two years the tariff will be X%.” As it stands, in a lot of cases, all this is going to do is make Americans pay a lot more.
“My philosophy, Mr President, is that all foreigners are out to screw us and it’s our job to screw them first.” With these words, the US Treasury Secretary convinced the President to deliver a colossal shock to the global economy. In the words of one of the President’s men, the objective was to trigger “a […]
The post Will the Trump Shock prove as momentous as the Nixon Shock? UNHERD op-ed & on BBC tv appeared first on Yanis Varoufakis.
Isabelle Roland, Yukiko Saito and Philip Schnattinger The Bank of England Agenda for Research (BEAR) sets the key areas for new research at the Bank over the coming years. This post is an example of issues considered under the Prudential Architecture Theme which focuses on the evolving regulatory structures and fresh strategic issues for regulators and … Continue reading Forbearance lending as a crisis management tool
We are now full-swing into the national election campaign in Australia (election on May 3, 2025) and we have a new party – the Trumpet of Patriots – (funded by a property developer/miner) channelling Trump’s approach, the conservatives channelling Trump’s approach (although with a slight more subtle voice but not much), the Greens chasing their…
Trump’s costly trade policy is the culmination of a long-simmering backlash — but will tariffs hurt more than they help?