“Big American companies are also reporting growing tariff expenses.
Ford said last week it paid $800 million in tariffs in the second quarter and could shell out as much as $3 billion this year. General Motors reported a $1.1 billion tariff hit in the second quarter and said trade friction could cost the automaker $4 billion to $5 billion in 2025.
Heavy equipment manufacturer Caterpillar warned this week that rising tariffs could cost it $1.5 billion this year. And Apple CEO Tim Cook – who was at the White House on Wednesday to announce an additional $100 billion investment in the U.S. — said the company paid $800 million in tariffs in its most recent quarter and faced another $1.1 billion this quarter.
The White House has pointed to the more than $136 billion it has already collected in tariff revenue, as well as agreements from a number of trading partners to lower tariff barriers and invest billions in the U.S., as a sign that Trump’s approach is working.
However, nearly seven months after he took office, there has been no uptick in manufacturing employment, which remains flat at 12.7 million workers. The increased tariff revenue also amounts to slightly more than 7 percent of the $1.9 trillion federal government budget deficit projected in fiscal 2025.
A survey released this week by the National Foreign Trade Council, a business group, found that companies have been increasingly forced to delay or reduce their product and service offerings due to rising costs and sourcing challenges.
The administration has also shown little sympathy for companies complaining of higher tariff costs and supply chain disruptions.”
“The census is a constitutionally mandated count of every person in the United States every 10 years, which was last conducted in 2020. A full census has never been conducted mid-decade in this manner, nor has one ever excluded noncitizens from the count.
Censuses are immensely important in American governance; each count determines how many House seats every state gets through a process called apportionment, and the results of the census help direct billions of dollars in federal, state and local funding.
Trump has been trying to include a citizenship question on the census since his first term, though the Supreme Court struck the effort down on procedural grounds in 2019. Apportionment numbers have also historically included people residing in the United States regardless of their immigration status.
A 2020 Pew Research Center report indicated removing noncitizens could cost multiple states House seats, including California and Texas.
Any attempt to do a mid-decade census would likely result in a flurry of legal and logistical challenges. Preparing for the decennial count takes multiple years, and planning for the 2030 census is already well underway.
It is unclear how the Trump administration plans to exclude undocumented people from the count, or if the president intended to just remove them from apportionment totals, which would also face legal hurdles.”
President Trump literally arrested a legal resident based on his speech. This is a huge, massive infringement of basic democratic rights by a president who ran on free speech.
Because the man was educated, in custody, people getting deported would talk to him and ask him questions. A man who had been in the country for over 20 years and had four children under 11, was showing up to his immigration hearing when he was grabbed to be deported. Another person asked him what a paper he signed was. The paper said he was to be deported. Another 19-year old asked if it would be safe for his mom to visit him, the answer was no. The immigration detention center had a lot of crying people in it. These people were depicted as criminals by the administration when they were picked up at their immigration hearings and their jobs.
Khalil missed the birth of his child because Trump decided to arrest him based on speech. The justification required the Secretary of State to go along with it. Marco Rubio did, losing what little dignity he had left. Khalil requested to be temporarily let out for the birth of his child. HIs request was denied.
I disagree with a lot of what he says about Palestine and Israel, but his detention was an insult to the principles that democracy stands on.
“The city of Allentown has spent more than $2 million settling excessive force claims, and yet the police still crack down on civilians exercising their constitutional rights.”
“permitting research on a backup emergency plan to cool should be an urgent priority. We are bequeathing to our descendants a world in which the climate is changing in what may be very deleterious ways. Surely banning research that would supply people later in this century with information about the risks and benefits various geoengineering tools would be wrong. As two geoengineering research proponents asked, “Is it justified for us to deprive future generations of tools that may lessen the pain we have inflicted? They may or may not use these tools, but surely those decisions are theirs to make.””
“Rental prices in some of the country’s largest cities are falling—some by almost 45 percent, according to new data from Five Star Cash Offer, a real estate investment firm that operates as a direct cash homebuyer. The dataset, which includes the top 65 metropolitan areas in the United States, reveals that cities that have recently enacted pro-housing policies have experienced the most significant year-over-year decline in rental prices nationwide.”
“The Out of Reach report similarly says that “more than half of all wage earners cannot afford a modest one-bedroom rental home at Fair Market Rent while working full-time. At least 60% cannot afford a modest two-bedroom rental home while working full-time.”
Yet the vast majority of those wage earners are not currently homeless. Clearly they’re meeting their housing needs somehow, despite not earning a so-called housing wage. Most likely, they too are making some tradeoffs between unit price, location, quality, and size.
The fact is that individuals and families are always going to have to make those tradeoffs at any price and wage level.
Lowering housing costs through deregulation—so that more housing, and more types of housing, can be built in more places—would certainly lessen the tradeoffs between housing costs and other desirable features.
Yet by ignoring that people do (and always will) make tradeoffs when finding housing, the Out of Reach report downplays what land-use deregulation can accomplish.
While calling it an essential part of an overall affordability strategy, the report says that “zoning reform alone cannot solve the affordable housing crisis, particularly for the lowest-income renters.”
That’s probably true if the goal is having every minimum wage worker spending no more than 30 percent of his income to live by himself in a midpriced, two-bedroom unit while working no more than 40 hours a week.
It’s probably not true if the goal is to give that minimum wage earner more housing options, so that he and his partner can afford to live in a larger unit, or he individually can rent a room closer to work or school.
Free markets give people what they want at a price they’re willing to pay. What they might be willing to pay for might be something different than what the Out of Reach report imagines they should have.”
“State contracts for Florida’s controversial “Alligator Alcatraz” detention camp were removed from a public database and replaced with far less detailed documents after media outlets began writing about them…
The Florida Division of Emergency Management (FDEM), which is overseeing the state’s new immigrant detention camp in the Everglades, says the contracts contained “proprietary information.”…
open government advocates and state Democratic lawmakers say that removing details of the contracts flies in the face of Florida’s promises to provide transparency in public spending, especially given the massive expenditures of taxpayer money involved. The most recent reporting on the ballooning costs of the Everglades detention camp puts it at $250 million and growing.”