“California may have gone too far this time in nudging the industry to ever-higher sales of zero-emission vehicles. The rules would have required automakers to hit increasing percentages — 35 percent by model year 2026 and 68 percent by model year 2030 — before reaching 100 percent of new-car sales in 2035.
Maybe that would have worked if it were just about California. But a dozen other states are signed on to California’s targets, and they have been slower and less generous with incentives and EV charging infrastructure. Where California has more than a quarter of its new car sales coming from EVs, New Jersey is at 15 percent, and New York is under 12 percent”
“Defense Secretary Pete Hegseth insisted Wednesday that military veterans and active-duty troops urged the Trump administration to rename American military bases after Confederate traitors who took up arms against the government to defend the enslavement of Black people — a move the secretary claims is “important for morale.””
If the U.S. wanted the Israel-Iran war to end, one strategy to end it was to use U.S. bunker busters to destroy nuclear sites, helping Israel achieve their goals and end the war sooner. Time will tell whether this strategy worked.
“for anyone who…says America use[s] its power only for selfish interest or foreign interests, let me ask you one simple question…Which countries would you rather live in? Those that were on America’s side or those on the other side? Would you rather live in North Korea or South Korea? In communist East Germany or democratic West Germany, in the Soviet Union or the United States? In Taliban controlled Afghanistan or US-led Afghanistan?…when you cut through all the noise, America fights for freedom.”
Despite damage, the Iranian nuclear program is not destroyed and they can rebuild if they choose to. They likely removed much material from the underground sites before the U.S. strikes. Because the Israeli strikes started a week before the U.S. strikes, that gave Iran a week to disperse their material and equipment.
“The potential through-line from Buckley to Trump is also important because of what it says about the right. For years, many Republicans and conservatives claimed Trump was an aberration and not representative of the movement or the party. Today, with many of Trump’s key arguments found in the writings of the right’s most historically prominent voice, that’s harder to accept today.”
“Foreign manufacturers will have to lower their prices to accommodate tariff rates, Miran believes. If they don’t, then U.S. importers will turn to factories in other markets rather than absorbing the cost of tariffs themselves.
“We can move our demand across borders, but a factory can’t get up and move across borders,” he said.
You might say, his theory is that the customer is always right.
This line of thinking, a theme of his work since before he joined the administration, is an important way Miran’s reasoning diverges from that of most of his fellow economists. Critics point to examples — such as Trump’s tariffs on washing machines in his first term — where consumers seemed to be the ones who paid the price.
The question of who will bear the cost burden of import taxes is an important puzzle piece for gaming out how much inflation will rise and how much growth will slow. It is a particularly critical dilemma for the Federal Reserve, which is trying to decide when to ease off the decelerating economy.”
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“For this to work, foreign firms have to believe that, unless they capitulate, U.S. companies really will relocate their supply chains elsewhere, Miran told me. That’s one of the many tricky parts for proponents of Trump’s agenda — and Miran conceded as much.
“The truth is that for a lot of products, there’s not a credible alternative for a supply chain available instantaneously, right?” he said.
The recalibration, in other words, will take some time.
And that time could come at a price for the economy, as Trump’s shifting tariffs and fluid negotiations leave businesses hesitant to take action. If firms knew where tariffs would land, they could make investment decisions — on where to build factories, on what size workforce they need, on whether they need to change their business model. In the meantime, many executives are frozen in place, a paralysis that itself could take a bite out of growth.
Right now, manufacturers have been scaling back production as new orders dry up, and confidence in business conditions among CEOs collapsed during the second quarter at its fastest pace in roughly half a century.
Miran was straightforward about acknowledging that policy uncertainty is a challenge, repeatedly suggesting that there could be volatility — in growth, in prices — ahead.”
“the U.S. Department of the Treasury issued a three-page waiver lifting almost all economic sanctions on Syria unconditionally.”
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“the Syrian government handed back the old U.S. ambassador’s residence to Thomas Barrack, who serves as both U.S. ambassador to Turkey and special envoy to Syria.”
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“a waiver isn’t a permanent end to sanctions. The sanctions imposed by Congress have to be lifted by Congress…Secretary of State Marco Rubio testified to the Senate Foreign Relations Committee that it should do exactly that.”
Trump’s Border Czar says ICE is just enforcing the law. If you don’t like ICE enforcing the law when it comes to illegal immigrants, then contact Congress and tell them to change it.
Wealthy people and great entrepreneurs aren’t going to not start that great business because they will pay more taxes if they make it big. Either way, if successful, they would have done something great and will be rich.
The most profitable and flexible workforce for Americans is illegal immigrants.
When we put tariffs on China, we are saying every country on Earth can get low inputs from China except America, making American business less competitive.