Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/ZNspxorMnk ...

Our analysis of manifestos, speeches and policies suggests Europe’s far right has become more economically moderate as it’s matured. That does not mean it would bring growth https://t.co/M8AYrkKa50 ...

Trade Policy & Economic Impact - Tariffs are considered vital for the country's economic well-being, preventing it from becoming a "very poor nation" and being taken advantage of [1] - The imposition of tariffs is seen as a tool to generate substantial revenue, potentially bringing "trillions of dollars" into the country [1] - The country has secured a deal with the European Union, expecting to receive almost $1 trillion [3] - Tariffs are viewed as essential for maintaining the country's power, prestige, and dignity, contributing to its economic prosperity [4] International Trade Relations - The country has engaged in trade deals with various nations, including Japan and South Korea [4] - Previously, the country collected "hundreds of billions of dollars" in tariffs from China [3] Legal & Political Considerations - A significant case before the Supreme Court is highlighted, with the outcome potentially determining the country's economic future, either leading to being "unbelievably rich again" or "unbelievably poor again" [2][5]

Federal Reserve Independence & Economic Impact - The report highlights concerns over potential partisan interference with the Federal Reserve (Fed), crucial for managing economic risk and preventing financial crashes [3] - The report suggests that Trump's actions could lead to a "MAGA takeover" of the Fed, which is viewed negatively by the finance industry [3] - The report draws a parallel to Turkey, where an authoritarian ruler's interference with the central bank led to soaring inflation of 80% [16] - The report emphasizes the historical importance of the Fed's independence for a thriving free market, contrasting it with autocratic control seen in examples like Maoist China [19] Trump Administration Actions & Legal Challenges - The report focuses on President Trump's efforts to exert control over the Fed, including attempts to fire Lisa Cook, a member of the independent Federal Reserve [1][5] - The report mentions a Department of Justice (DOJ) investigation into Lisa Cook's mortgage application before she took office, viewed by financial experts as a pretext for consolidating power over the Fed [6] - The report indicates that Cook is challenging Trump's actions in court, arguing he lacks the authority to remove her [9][10] - The report suggests that the Supreme Court has previously acknowledged the Fed's protected and independent status, potentially leading to a court clash over Trump's actions [13] Broader Concerns about Autocratic Tendencies - The report raises concerns about Trump's broader efforts to undermine career independence across the federal government, drawing parallels to actions taken during the "Musk era" [11][12] - The report highlights Trump's attacks on Republican critics, including Chris Christie, and legal actions against Democrats, raising concerns about abuse of power [26] - The report mentions the administration taking a 10% equity stake in chipmaker Intel, raising questions about government control over private companies [29]

Economic Inequality & Policy Critique - From 1979 to 2019, US worker productivity grew by 59.7%, while wages only increased by 13.7%, creating a 46% gap in potential earnings [2][3] - The top 1% saw a 160% income increase, and the top 0.1% experienced a 3605% income increase over the same period [4] - The middle class share of total US household income dropped from 62% in 1970 to 43% in 2022, while the upper-income share rose from 29% to 48% [5] - Trade deals like NAFTA displaced approximately 683,000 US jobs, primarily in manufacturing [6] - Displaced workers often experienced an average annual pay decrease of $7,900 when forced into lower-wage work [7] Proposed Policy Solutions - Advocate for universal healthcare to reduce economic insecurity tied to jobs, noting countries with universal systems spend 30-50% less per person with better health outcomes [11] - Support universal and subsidized childcare, citing Quebec's model which increased female labor force participation and generated new tax revenues [12] - Propose a national affordable housing infrastructure plan with zoning reform and anti-speculation measures, noting investors account for 30% of single-family home purchases [13][14] - Recommend investing in resilient clean energy infrastructure to create union jobs and reduce vulnerability to climate shocks [15] - Suggest implementing a national carbon price and reinvesting revenues into transition assistance for workers in fossil fuel industries [16]

Australia aims to scrap more “nuisance tariffs” and clear a huge backlog of environmental approvals for new homes as part of its initial response to an economic summit https://t.co/NKZZzDvAxD ...

Economic Policy - Trump aims to leverage corporate America to advance economic and foreign policy objectives [1]

Former Treasury Secretary Lawrence Summers warned that Trump’s policies risk putting the US on a similar path to that of postwar Argentina, which descended from being a relatively advanced developed nation into an economic laggard https://t.co/8ZdKxIz5Sf ...

Fiscal Policy & Economic Impact - The legislation cuts taxes for the top 01% of the population, impacting vulnerable people and healthcare prospects [3][4][5] - The bill is projected to increase the nation's deficit and debt, potentially leading to higher interest rates and reduced investment [6][7] - Borrowing as an alternative to tax raising or spending cutting postpones adjustments and increases the risk of economic vulnerability [9] - The policy raises concerns about the US's position as the world's greatest debtor and its impact on global power [10] Healthcare Implications - The bill could lead to reduced access to healthcare, particularly in rural areas, due to hospital closures and limited rehabilitation facilities [3][5] - Healthcare costs may increase for all citizens as hospitals pass on the costs of treating uninsured individuals [5] Geopolitical & Competitive Concerns - Increased debt and reduced investment could make the US less competitive with countries like China [7][10]

John, first of all to you, sir, there was that downgrade to guidance back in May. I understand you've got an update for us this morning. How have sales been trending ever since.Yeah, I mean, it's definitely a lot of uncertainty out there right now. A lot of people waiting for the dust to settle. I think people are just looking for certainty, whether it's tariffs or any other economic policy.Our customers are kind of in wait and see mode because they're end customers who generate freight moves. And ultimatel ...