Economics/Business Archives - Attention to the Unseen

‘Thin air,’ real money: Trump’s crypto products have left investors at least $4.7 billion underwater

From elsewhere — Fri, 28 Aug 2026 00:14:23 +0000

Public Citizen reports: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” President Donald Trump tweeted in July 2019. “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.” Seven years later, Trump has become the world’s foremost crypto salesperson, hawking nonfungible tokens, meme coins, governance tokens, stablecoins, and shares in a digital-asset treasury. What changed? The president realized there...

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Mark Zuckerberg had a bold plan to replace thousands of Meta staff with AI. Here’s how it imploded

From elsewhere — Thu, 27 Aug 2026 00:59:50 +0000

Reuters reports: In January, Meta CEO Mark Zuckerberg and his top lieutenants gathered for their annual leadership retreat at his Hawaii compound. There they hatched a radical plan to reimagine work at the social-media giant in the age of artificial intelligence. Code-named Project OT – short for Organization Transformation – the plan envisioned an “AI native” future for the owner of Facebook and Instagram. AI would take over much of the daily work performed by thousands of human employees. Virtual...

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Trump’s trade war on Canada has virtually no support

From elsewhere — Thu, 27 Aug 2026 00:59:34 +0000

Zack Beauchamp reports: President Donald Trump seems dead set on escalating his trade war with Canada. And no one is really sure why. On Monday, Trump threatened another round of 50 percent tariffs on top of the ones he just implemented — this one targeting Canada’s auto industry, which is so deeply integrated with its American counterpart that large duties would do major damage on both sides of the border. By Tuesday morning, he had begun musing about renaming Lake...

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Canada has one important edge in the North American trade war: unity

From elsewhere — Tue, 25 Aug 2026 23:54:58 +0000

Politico reports: President Donald Trump is threatening Canada with economic destruction amid an escalating trade war. He’s not factoring in one key U.S. disadvantage. Americans are not nearly as gung-ho for a tariff stand-off as their northern neighbors, who have been seething for months over Trump’s rhetoric against their country. “The U.S.A. will always be far bigger, richer, and stronger than Canada,” Trump wrote in a second Truth Social post. “Someone should get these clowns to ‘fall in line’ or,...

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Carney will not allow Canada to be turned into a North American Belarus

From elsewhere — Mon, 24 Aug 2026 23:10:16 +0000

Toronto Star‘s Allan Woods writes: Trump has yet to publicly comment on the breakdown in trade talks, but U.S. Trade Representative Jamieson Greer told reporters that Canada was offered “the best treatment of any major exporter to our market.” Without going into detail, he said Canadian negotiators made “new demands and walkbacks of other commitments” that had “upended the careful balance reached in the past days.” Doing a deal under the conditions Carney described would clearly have undermined Canada’s pivot...

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Canada should be ready to cut electricity, critical minerals as trade woes worsen, says Ontario’s premier

From elsewhere — Mon, 24 Aug 2026 23:10:02 +0000

The Associated Press reports: Ontario Premier Doug Ford said Monday that Ronald Reagan would be “throwing up” over President Donald Trump’s trade policies and threatened to cut off electricity and critical minerals to the United States as Trump escalated the trade fight. Ford, speaking in an interview with The Associated Press, said Trump has underestimated Canadians’ willingness to endure economic pain rather than give in to U.S. pressure. “He underestimates Canada. We’re all in,” Ford said. “Up here, we’re at...

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How Trump is trying to crush California’s environmental policies

From elsewhere — Mon, 24 Aug 2026 23:09:47 +0000

The New York Times reports: The Trump administration has taken a series of extraordinary steps to attack California’s position as a national leader in environmental protection, enlisting at least a half-dozen federal agencies to undermine the state’s efforts to pivot away from fossil fuels. The stakes are high. Because of its market muscle as the world’s fourth largest economy, California’s environmental regulations have influenced the manufacturers of automobiles and other consumer goods. And its green policies have spread to some...

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Trump declares war on Canada because he’s a peevish, perverse, enraged child

From elsewhere — Sun, 23 Aug 2026 23:23:35 +0000

Robert Reich writes: Not exactly a war, but a trade war — which will impose huge costs on both American consumers and on Canada. As I said, Trump is now completely and utterly out of his mind. The very idea of a trade war with Canada — our neighbor, our ally, our closest friend, a nation that’s peaceful and whose people have a reputation for kindness — is absurd. But Trump is doing it anyway. He’s imposing a 50 percent...

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The rise of the Nerd Reich

From elsewhere — Sun, 23 Aug 2026 01:35:21 +0000

In part one of a series on the rise and power of the tech oligarchs, Sidney Blumenthal and Sean Wilentz speak up with Gil Duran, author of “The Nerd Reich: Silicon Valley Fascism and the War on Democracy,” on the origins of techno-authoritarianism, its hallucinatory fascist theorists, the central role of Peter Thiel and his PayPal Mafia, and how they merge with Donald Trump and his MAGA movement.

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The Nerd Reich in power

From elsewhere — Sun, 23 Aug 2026 01:35:06 +0000

In part two of a series on the rise and power of the tech oligarchs, Sidney Blumenthal and Sean Wilentz interview Gil Duran, author of “The Nerd Reich: Silicon Valley Fascism and the War on Democracy,” on how Peter Thiel, Elon Musk, and the tech oligarchs came to power under Donald Trump, how they control key parts of his administration, and how they created JD Vance, made him vice president and plan to make him president.

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