Ann Arbor (Informed Comment) – Donald Trump has inflicted more damage on the United States’s markets than did Usam Bin Laden and al-Qaeda on 9/11. The attacks of that date caused the US financial authorities to to close down the NYSE and the Nasdaq for a week, until September 17. This was unprecedented. When trading […]
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Economy
No, Even the Super-Rich Can’t Dodge the Climate-Change Bullet
They think they can — and that thinking just may doom the rest of us. ( Inequality.org) – So where do you see yourself living the rest of your life? The richest among us are keeping their options all open. On the one hand, our deepest pockets are buying up new super-luxury abodes as if the […]
The USAID that Elon Musk Never Knew
( Tomdispatch.com ) – What put the U.S. Agency for International Development (USAID), with an annual budget hovering at just about 1% of federal spending, at the top of Elon Musk’s budget-cutting target list? Was it just a political calculation that foreign aid is a safe target because it’s unpopular with so many Americans and […]
How Trump’s Historically High Tariffs will Hurt the US Economy
ByBedassa Tadesse, University of Minnesota Duluth (The Conversation) – President Donald Trump unveiled a sweeping new tariff plan on April 2, 2025, to reshape U.S. trade and boost domestic industry. Framing the announcement as “Liberation Day,” he proposed a 10% tariff on essentially all imports, with steeper rates for major trade partners, including 34% on […]
Trump’s Mega-Tariffs will Concentrate Wealth even More
Import taxes will be passed onto the consumer, while the rich will prosper from slashed taxes. by Omar Ocampo | – ( Inequality.org ) – Trump’s trade policies have been wildly unpredictable in the first two months of his second presidency. Tariff deadlines have come and been delayed with no rhyme or reason, leaving cross-border […]
Trouble at Tesla and Protests against Trump’s Tariffs suggest consumer Boycotts are starting to Bite
By Erin O’Brien, Griffith University and Justine Coneybeer, Griffith University (The Conversation) – When the United States starts a trade war with your country, how do you fight back? For individuals, one option is to wage a personal trade war and boycott products from the US. President Donald Trump has said no nation will be […]
How Trump’s Tariffs are driving Asia and the Gulf into China’s Arms
London (Special to Informed Comment; Feature) – US President Donald Trump’s America First trade policy has seen the global economy enter a new era of protectionism in the two months since he took office. The US leader has embarked on a series of trade wars with countries that run trade deficits with the US, including […]
How Overpaid CEOs Hurt the Rest of Us
At Wells Fargo, I saw firsthand how excessive CEO pay harms workers and customers. Congress should use tax policy to rein it in. By Kieran Cuadras | ( Otherwords ) – CEO pay has been skyrocketing for years now, fueled in part by tax cuts for corporations and ultra wealthy individuals. That’s not just unfair […]
Back to the Bad old Days of Empire and Self-Destructive Tariffs: Trump as McKinley Redux
Orono, Maine (Special to Informed Comment; Feature) – Among tariffs, territorial ambitions and other threats to America’s well-being by Pres. Trump, one of the more severethreats may be his willful ignorance concerning the severity of climate change. Michael Mann, one of America’s most highly regarded climatologists, noted that the Trump Administration has given polluters and fossil fuel promoters, “the keys to the fossil fuel car […]
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