Bidumbnomics

[Charles West]

California is hemorrhaging jobs and capital while encouraging welfare recipients to line up. Its compassionate but brainless given the fiscal realities.

 

[Elliott]

Bidenomics at its finest:

"Harris blames Trump for latest dreadful jobs report nearly a full term after he left office
July marked the highest level for the jobless rate since October 2021
Vice President Kamala Harris’ campaign is blaming former President Trump for the latest negative jobs report — nearly a full term after he left office.

"Donald Trump failed Americans as president, costing our economy millions of jobs, and bringing us to the brink of recession," Harris for President spokesperson James Singer said in a statement.

The Labor Department on Friday reported that employers added 114,000 jobs in July, missing the 175,000 gain forecast by LSEG economists. The unemployment rate also unexpectedly inched higher to 4.3% against expectations that it would hold steady at 4.1%."

Harris blames Trump for latest dreadful jobs report nearly a full term after he left office

Vice President Kamala Harris’ campaign is blaming former President Trump for the latest negative jobs report — nearly a full term after he left office.

www.foxnews.com

 

[Terrel L. Shields]

Intel stock dropped a lot today. WTF.

Biden has made a disastrous bet on the wrong horse

Lavishing subsidies on Intel in an effort to boost America’s chip industry has backfired on the president

www.telegraph.co.uk

The company, which has spent most of its six-decade history at the cutting-edge of chip design, is losing ground in key markets such as the servers that sit inside today’s cavernous data centres, while its traditional PC business is in longer-term decline.​

​

This comes despite the Biden administration lavishing subsidies on the company, which has become the single biggest beneficiary of the Chips Act, the US president’s $280bn plan to counter China.​

 

[Fernando]

Oops. Chevron is moving its HQ from California to Texas

Sad to hear but Chevron had been taking a lot of criticism for many decades for their pollution. Finally they had enough and leave.

 

[Terrel L. Shields]

Vice President Kamala Harris’ campaign is blaming former President Trump for the latest negative jobs report — nearly a full term after he left office.

She's an idiot

The market tanks but it will bounce back, probably rather quickly and the FED will act. If it continues down severely then the FED will over-react causing a new boom and subsequent inflation. Short term inflation is likely to fall.

 

[Charles West]

It's hitting the fan; Iran and Israel are going to go at it, equities are in meltdown mode. Bitcoin is evaporating.

 

[OSU Beavers]

 

[Meandering]

US base is hit by missiles in Iraq as Middle East crisis spirals​

Rockets were reportedly fired at Iraq's Ain al-Asad air base (pictured in 2021) which hosts U.S. and other international forces.

 

[Terrel L. Shields]

We need to send cruise missiles into Iran and destroy all their nuclear facilities.

 

[Fernando]

Why attack US in Iraq?
Iran afraid to attack Israel.