"Trump's 50% #tariff on #India kicks in as Modi urges self-reliance."
#CNBC
#SquawkBox
#Republicans
#tariffs
#inflation
#recession
https://www.bbc.com/news/articles/c5ykznn158qo
"Trump's 50% #tariff on #India kicks in as Modi urges self-reliance."
#CNBC
#SquawkBox
#Republicans
#tariffs
#inflation
#recession
https://www.bbc.com/news/articles/c5ykznn158qo
This is your seasonal reminder that all acorns are edible. Many acorns require leaching. For instructions on how to leach acorns and recipe ideas, see the thread below.
#CostOfLiving #inflation #tariffs #politics #uspol #gardening #garten #jardin #foraging #food #cooking #acorns #solarpunk#SolarpunkSunday#NativePlants
This is your seasonal reminder that all acorns are edible. Many acorns require leaching. For instructions on how to leach acorns and recipe ideas, see the thread below.
#CostOfLiving #inflation #tariffs #politics #uspol #gardening #garten #jardin #foraging #food #cooking #acorns #solarpunk#SolarpunkSunday#NativePlants
Bank of Japan Gov. Kazuo Ueda said he expects a tight labor market to keep upward pressure on wages, reflecting his view that stable inflation is set to take hold. https://www.japantimes.co.jp/business/2025/08/24/economy/boj-tight-market-wages/?utm_medium=Social&utm_source=mastodon #business #economy #kazuoueda #boj #japaneseeconomy #wages #jobs #inflation #foreignworkers #depopulation
Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain. https://www.japantimes.co.jp/business/2025/08/23/economy/fed-powell-interest-rate-cut/?utm_medium=Social&utm_source=mastodon #business #economy #us #federalreserve #globaleconomy #inflation #interestrates #jeromepowell #donaldtrump #tariffs #trade
The pace of Japan’s inflation stayed well above the Bank of Japan’s target in July, supporting speculation that the central bank will hike its benchmark interest rate again this year. https://www.japantimes.co.jp/business/2025/08/22/economy/japan-july-consumer-prices-slows/?utm_medium=Social&utm_source=mastodon #business #economy #economicindicators #japaneseeconomy #inflation #boj
Today in Labor History August 18, 1812: Lady Ludd led the Luddite Corn Market riot of women and boys in Leeds, England. Luddites also rioted in Sheffield against flour and meat sellers. England was suffering huge food shortages and inflation at the time, in part because of the War of 1812, which had started in June, and the ongoing Napoleonic wars. Additionally, new technological innovations were allowing mill owners to replace many of their employees with machines. In response, Luddites would destroy looms and other equipment. To try and get control over these worker protests, the British authorities made illegal oath-taking punishable by death in July 1812. They also empowered magistrates to forcibly enter private homes to search for weapons. And they stationed thousands of troops in areas where rioting and looting had occurred over the summer.
There are numerous parallels between that period and today. Like then, we have new technologies, such as Artificial Intelligence, that could reduce the amount of dangerous and tedious toil for the working-class, giving them higher wages and reduced hours. Instead, the technology is being used by the bosses to cut jobs and further enrich themselves. Like then, we are funding numerous wars and genocides, paid for through austerity that has been imposed on the working-class. And like then, governments are planning and implementing new repressive laws and police powers to undermine working-class protest.
Charlotte Bronte’s second novel, “Shirley” (1849), takes place in Yorkshire, 1811-1812, during the Luddite uprisings. It was originally published under the pseudonym, Currer Bell. The novel opens with a ruthless mill owner waiting for the delivery of new, cost-saving equipment that will allow him to fire many of his workers, but Luddites destroy the equipment before it reaches him. As a result of the novel’s popularity, Shirley became a popular female name. Prior to this, it was mostly a male name.
#workingclass #LaborHistory #luddite #england #inflation #genocide #ukraine #palestine #gaza #hunger #freespeech #fiction #novel #author #writer #books @bookstadon
Today in Labor History August 18, 1812: Lady Ludd led the Luddite Corn Market riot of women and boys in Leeds, England. Luddites also rioted in Sheffield against flour and meat sellers. England was suffering huge food shortages and inflation at the time, in part because of the War of 1812, which had started in June, and the ongoing Napoleonic wars. Additionally, new technological innovations were allowing mill owners to replace many of their employees with machines. In response, Luddites would destroy looms and other equipment. To try and get control over these worker protests, the British authorities made illegal oath-taking punishable by death in July 1812. They also empowered magistrates to forcibly enter private homes to search for weapons. And they stationed thousands of troops in areas where rioting and looting had occurred over the summer.
There are numerous parallels between that period and today. Like then, we have new technologies, such as Artificial Intelligence, that could reduce the amount of dangerous and tedious toil for the working-class, giving them higher wages and reduced hours. Instead, the technology is being used by the bosses to cut jobs and further enrich themselves. Like then, we are funding numerous wars and genocides, paid for through austerity that has been imposed on the working-class. And like then, governments are planning and implementing new repressive laws and police powers to undermine working-class protest.
Charlotte Bronte’s second novel, “Shirley” (1849), takes place in Yorkshire, 1811-1812, during the Luddite uprisings. It was originally published under the pseudonym, Currer Bell. The novel opens with a ruthless mill owner waiting for the delivery of new, cost-saving equipment that will allow him to fire many of his workers, but Luddites destroy the equipment before it reaches him. As a result of the novel’s popularity, Shirley became a popular female name. Prior to this, it was mostly a male name.
#workingclass #LaborHistory #luddite #england #inflation #genocide #ukraine #palestine #gaza #hunger #freespeech #fiction #novel #author #writer #books @bookstadon
"Right now, the U.S. economy has a lot in common with Wile E. Coyote.
Like the hapless Looney Tunes predator, Donald Trump’s economy went charging off a cliff after his April 2 'Liberation Day' tariffs, which—despite endless tweaks, revisions, abrupt extensions, and equally abrupt reversals—are gradually settling into a new status quo in which the costs of global trade are far higher than before."
~ A. Egger
#Trump #economy #tariffs #inflation #prices #groceries
/5
https://www.thebulwark.com/p/trump-tariff-pain-knocking-at-your-door
"Trump’s tariffs are congealing around the economy, making all international trade that much more sluggish and costly. The result is a straightforward hit to prosperity. Prices will rise, growth will slow, interest rates will stay elevated."
"Trump’s tariffs are congealing around the economy, making all international trade that much more sluggish and costly. The result is a straightforward hit to prosperity. Prices will rise, growth will slow, interest rates will stay elevated."
"Right now, the U.S. economy has a lot in common with Wile E. Coyote.
Like the hapless Looney Tunes predator, Donald Trump’s economy went charging off a cliff after his April 2 'Liberation Day' tariffs, which—despite endless tweaks, revisions, abrupt extensions, and equally abrupt reversals—are gradually settling into a new status quo in which the costs of global trade are far higher than before."
~ A. Egger
#Trump #economy #tariffs #inflation #prices #groceries
/5
https://www.thebulwark.com/p/trump-tariff-pain-knocking-at-your-door
"The budget deficit in July was 20% higher (!!!!) than it was a year ago under Joe Biden. For all the bluster and the blather the Dow is only up 3% under Trump. It increased 39% under Biden."
"Inflation came in higher than expected in TWO inflation reports this week. Prices are rising. Trump’s has re-ignited inflation - on purpose. Higher prices, the new tariffs, economic uncertainty have slowed the economy and job growth has stalled. Due to the big ugly bill ACA premium estimates for next year have skyrocketed."
~ Simon Rosenberg
#Trump #economy #tariffs #inflation #prices #groceries
/3
https://www.hopiumchronicles.com/p/newsom-leads-trump-betrays-a-new
"Wholesale prices for fresh veggies soared by a record amount last month, foreshadowing a possible spike at the grocery store soon. ...
The Producer Price Index (PPI) for July rose at the fastest clip in three years, far more than economists expected."
~ Ben Berkowitz
N.B. My linking to a particular platform or publisher does not constitute endorsement of that platform or publisher.
"Businesses have been eating Trump’s tariffs. That’s starting to change.
US inflation on the wholesale level picked up steam last month, with prices rising by the fastest monthly pace since June 2022, new data showed Thursday."
~ Alicia Wallace
#Trump #economy #tariffs #inflation #prices #groceries
/1
https://www.cnn.com/2025/08/14/economy/us-ppi-wholesale-inflation-july
"'Currently (Aug 2025), unemployment is 4.2%, inflation 2.7%, and Q2 GDP growth 3.0%, but job gains slowed amid tariff impacts. Overall, Biden's era showed better stability in jobs and prices.'”
"These tariffs are both economic and geopolitical madness, but they are also giving the pro-democracy movement an extraordinary opportunity to tell the story of his betrayal of working Americans (higher prices, damage to small businesses, shifting the tax burden from the wealthy to everyday people)" (continued in /6)
~ Simon Rosenberg
#Trump #tariffs #economy #inflation #taxes
/5
https://www.hopiumchronicles.com/p/we-must-lean-in-much-harder-against
"WH Policy Director Stephen Miller on Fox: 'The economy was on its deathbed when President Trump came into the Oval Office.'
… Elon Musk’s AI app Grok was asked if Miller’s quote was accurate: 'Based on key indicators, the economy performed strongly under Biden with average unemployment at 3.6% (2022-2023), inflation down to 2.4% by late 2024, and real GDP growth of 12.6% over his term.'"
~ Ron Filipkowski
#Trump #tariffs #economy #inflation #taxes
/3
https://www.meidasplus.com/p/today-in-politics-bulletin-187-8725
"'Currently (Aug 2025), unemployment is 4.2%, inflation 2.7%, and Q2 GDP growth 3.0%, but job gains slowed amid tariff impacts. Overall, Biden's era showed better stability in jobs and prices.'”
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