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Mexico president touts friendly Trump call, but warns tariffs would kill 400,000 U.S. jobs

Mexico president touts friendly Trump call, but warns tariffs would kill 400,000 U.S. jobs

Reuters reports: Mexico’s President Claudia Sheinbaum said on Thursday she and U.S. President-elect Donald Trump had agreed to maintain a good relationship in a friendly phone call that appeared to ease tensions between the top trading partners amid tariff threats. Sheinbaum struck a more conciliatory tone a day after saying Mexico would retaliate if Trump carries out his pledge to impose a 25% tariff on Mexican and Canadian imports. “It was a good conversation and we are going to keep…

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The message to Democrats is clear: you must dump neoliberal economics

The message to Democrats is clear: you must dump neoliberal economics

Joseph Stiglitz writes: As the shock of Donald Trump’s victory sinks in, pundits and politicians are mulling what it means for the future of the US and global politics. Understanding why such a divisive, unqualified figure won again is crucial for the Democrats. Did they go too far left and lose the moderate Americans who make up a majority? Or did centrist neoliberalism – pursued by Democratic presidents since Bill Clinton – fail to deliver, thus creating a demand for…

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Crypto leaders press Trump to create federal bitcoin reserve

Crypto leaders press Trump to create federal bitcoin reserve

The Washington Post reports: Top cryptocurrency executives and investors are pushing President-elect Donald Trump to create a national stockpile of bitcoin, a move that could more closely tie the little-regulated, volatile industry to the future of the country’s finances. Trump has publicly expressed broad interest in the idea, though some crypto advocates have urged him to take an even more aggressive step: They want him to acquire tokens worth billions of dollars, then hold them for decades in the hopes…

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Ruble tumbles as Russia’s war economy comes under increasing strain

Ruble tumbles as Russia’s war economy comes under increasing strain

Politico reports: The ruble tumbled on Wednesday to its lowest level in over two years, as a mix of low oil prices, new sanctions against Russian businesses and burgeoning government spending on its war effort put ever-greater strain on the Russian economy. The central bank reacted by suspending currency purchases for the rest of this year. That will restrict the supply of rubles and should support the exchange rate accordingly. It took a similar step last year, after the mutiny…

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Australia passes world-first law banning under-16s from social media despite safety concerns

Australia passes world-first law banning under-16s from social media despite safety concerns

The Guardian reports: Australia’s parliament has passed a law that will aim to do what no other government has, and many parents have tried to: stop children from using social media. The new law was drafted in response to what the Labor prime minister, Anthony Albanese, says is a “clear, causal link between the rise of social media and the harm [to] the mental health of young Australians.” On Thursday, parliament’s upper house, the Senate, passed a bill by 34…

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Bunkerised society – why prepping for end times is so American

Bunkerised society – why prepping for end times is so American

Robert Kirsch and Emily Ray write: A family of six pulls up to the Be Prepared Expo in Farmington, Utah. They are concerned about supply-chain failure, sure of the fact that the COVID-19 pandemic was only a taste of what’s to come. They want to buy seeds for their garden so they can grow food to preserve and stash in the basement. The kids pet the puppies at breeder booths selling guard dogs, the father exchanges opinions about the best…

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Team Trump debates ‘how much should we invade Mexico?’

Team Trump debates ‘how much should we invade Mexico?’

Rolling Stone reports: Within Donald Trump’s government-in-waiting, there is a fresh debate over whether and how thoroughly the president-elect should follow through on his campaign promise to attack or even invade Mexico, as part of the “war” he’s pledged to wage against powerful drug cartels. “How much should we invade Mexico?” says a senior Trump transition member. “That is the question.” It is a question that would have seemed batty for the GOP elite to consider before, even during Trump’s…

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Elon Musk wants to ‘delete’ federal financial watchdog as ‘DOGE’ begins work

Elon Musk wants to ‘delete’ federal financial watchdog as ‘DOGE’ begins work

The Washington Post reports: Elon Musk on Wednesday called for the elimination of the Consumer Financial Protection Bureau, one of the nation’s most powerful watchdog agencies, signaling it could be scrapped as part of a planned review of government spending ordered by President-elect Donald Trump. “Delete CFPB,” Musk said in an early-morning post on X, the social media site he owns, categorizing the bureau as an example of “too many duplicative regulatory agencies” in Washington. Formed in the wake of…

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Musk uses X to intimidate federal workers

Musk uses X to intimidate federal workers

CNN reports: When President-elect Donald Trump said Elon Musk and Vivek Ramaswamy would recommend major cuts to the federal government in his administration, many public employees knew that their jobs could be on the line. Now they have a new fear: becoming the personal targets of the world’s richest man – and his legions of followers. Last week, in the midst of the flurry of his daily missives, Musk reposted two X posts that revealed the names and titles of…

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When will Democrats finally realize that big tech is not an ally?

When will Democrats finally realize that big tech is not an ally?

Zephyr Teachout writes: As Democrats think about how to counter the Trump administration, they need to accept a very simple lesson from the last eight years. Big tech and big business are part of the political opposition working on behalf of Donald Trump, not the Democrats’ allies working against Trump and Trumpism. It shouldn’t seem necessary to point out what seems to be an obvious fact. Nonetheless, there are some Democrats trying to stay close to big tech, or downplaying…

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In Lebanon, a ceasefire is cause for celebration. Not in Israel

In Lebanon, a ceasefire is cause for celebration. Not in Israel

Orly Noy writes: The international media was awash yesterday with clips of people in Lebanon celebrating news of the looming ceasefire between Israel and Hezbollah, which came into force early this morning. As one report explained alongside a video, “The news has brought a moment of hope and relief to those affected by the ongoing conflict.” The same video was shared by the Hebrew Instagram page “Push – Real-Time Reports,” which has more than 860,000 followers. They captioned it rather…

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How Trump plans to seize the power of the purse from Congress

How Trump plans to seize the power of the purse from Congress

By Molly Redden This story was originally published by ProPublica Donald Trump is entering his second term with vows to cut a vast array of government services and a radical plan to do so. Rather than relying on his party’s control of Congress to trim the budget, Trump and his advisers intend to test an obscure legal theory holding that presidents have sweeping power to withhold funding from programs they dislike. “We can simply choke off the money,” Trump said…

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Top Trump aide, Boris Epshteyn, accused of asking for money to ‘promote’ potential appointees

Top Trump aide, Boris Epshteyn, accused of asking for money to ‘promote’ potential appointees

The New York Times reports: President-elect Donald J. Trump’s legal team found evidence that a top adviser asked for retainer fees from potential appointees in order to promote them for jobs in the new administration, five people briefed on the matter said on Monday. Mr. Trump directed his team to carry out the review of the adviser, Boris Epshteyn, who coordinated the legal defenses in Mr. Trump’s criminal cases and is a powerful figure in the transition. Several people whom…

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Mexican president challenges Trump over tariffs and illegal weapons coming from the U.S.

Mexican president challenges Trump over tariffs and illegal weapons coming from the U.S.

Rolling Stone reports: Mexico’s recently elected President Claudia Sheinbaum has responded forcefully to Donald Trump’s plans to levy 25 percent tariffs on goods imported from Mexico if the nation doesn’t stem the flow of undocumented immigrants and drugs across the southern border. Sheinbaum promised during a morning news conference on Tuesday that Mexico will retaliate with tax penalties of their own if the president-elect goes through with his tariff plan. “President Trump, it isn’t with threats or tariffs that we…

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Trump’s promises of mass deportation and high tariffs are now facing some corporate headwinds

Trump’s promises of mass deportation and high tariffs are now facing some corporate headwinds

Jay Kuo writes: Texas relies heavily on undocumented labor, especially in the construction sector. According to a report by the American Immigration Council and Texans for Economic Growth, around 60 percent of the immigrant workforce in the state is undocumented. That’s a quarter of a million workers. Deporting them would devastate the industry and drive up housing prices in the state. Marek, a big Houston-based residential and commercial construction company, warned NPR of the consequences. “It would devastate our industry,…

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In Trump’s mass deportation plan, the private prison industry sees a lucrative opportunity

In Trump’s mass deportation plan, the private prison industry sees a lucrative opportunity

ABC News reports: As the government and law enforcement brace for the sweeping ramifications of President-elect Donald Trump’s pledge to deport what could be millions of undocumented immigrants from the United States, another stakeholder appears poised to cash in on the complex logistics that would be required: the powerful private prison industry. On corporate earnings calls since Election Day, executives at the country’s top private prison firms have embraced Trump’s immigration agenda as a potential windfall if the federal government…

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