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Thursday, May 01, 2025

Egg prices reached another record high last month. It now costs American shoppers an average of $6.23 for a dozen eggs " nearly a five-fold increase since 2020. Avian flu only caused a 4% drop in production, yet the industry has been price gouging while taking over $1 billion in subsidies paid them due to avian flu.


Sunday, April 27, 2025

Donald Trump has the lowest 100-day job approval rating of any president in the past 80 years. 2nd lowest at 100 days? Donald Trump's first 100 days in 2017. read more


Friday, April 18, 2025

Donald Trump supporter and MyPillow CEO Mike Lindell sobbed to a judge that he is "in ruins" and cannot pay a court-ordered $50,000 fine. read more


Wednesday, April 16, 2025

Republicans across the country have been booed and heckled during recent town hall events following Trump's return to office, as polls suggest Americans oppose some of his key actions taken so far, including mass firings of federal workers and new tariffs. read more


Under pressure from the Elon Musk-led Department of Government Efficiency (DOGE), nearly all the staff of the Defense Digital Service -- the Pentagon's fast-track tech development arm -- are resigning over the coming month ... read more


Comments

Excellent article, REINHEITSGEBOT! Most Americans have no idea what's about to hit us as a result of Trump's tariffs.

The guy runs a company that does shipping logistics for 13,000 companies, many of them small American businesses.

He knows what he's talking about.

Highlight:

This time, Petersen is explaining to anyone who will listen why hefty U.S. tariffs on Chinese imports could be catastrophic for America's small businesses.

"If they don't change the tariffs, it's going to be an extinction-level, asteroid-wiping-out-the-dinosaurs kind of event," he told me. "Only these aren't dinosaurs. These are dynamic, healthy businesses."
If the tariffs on Chinese goods continue at this rate, he says, thousands of American companies will fail and millions of employees will lose their jobs.

But since the tariffs took effect, ocean-freight bookings from China to the U.S. have dropped 60%, Petersen says. In response, containership operators are shrinking their boats and canceling trips altogether. It takes a while for downstream consequences to flow through the system"but logistics nerds can look at the data on their screens and see into the future.

If tariffs continue at this rate, Petersen says, it's only a matter of time before that asteroid hits.

But since the tariffs took effect, ocean-freight bookings from China to the U.S. have dropped 60%, Petersen says. In response, containership operators are shrinking their boats and canceling trips altogether. It takes a while for downstream consequences to flow through the system"but logistics nerds can look at the data on their screens and see into the future.

If tariffs continue at this rate, Petersen says, it's only a matter of time before that asteroid hits.

www.wsj.com

And for right wingers blaming Democrats for manufacturing moves to China, they should read up on the 2002 Bush tax cuts and learn how companies were given large tax incentives to move their manufacturing offshore.

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