David J. Shourabi Porcel

Intelligent analysis I concur with and thank you for. I sometimes wonder what myths our flawed present may pass down to our uncertain future. Who knows? After two millennia, our descendants might think of Trump the way we conceive of Narcissus while they recall the new flood myths we are delivering them.

For anyone else who, like me, didn’t know: Trump once referred to Tim Cook as “Tim Apple”, as described in the Wikipedia article on Tim Cook:

In a meeting for the American Workforce Policy Advisory Board with President Donald Trump in March 2019, Trump referred to Cook as “Tim Apple”.

Presidents and administrations might not be able to dictate specific prices, but they can and do enact laws and regulations that influence or even define the economy. Trump’s proposed tariffs are expected –not just by economists, but by markets, as seen after the election– to raise prices and, if they are enacted and result in the predicted outcome, fingers should be pointed at his Orangeness.

I don’t know what substances were involved in writing that post. Mind sharing, @werefreeatlast? :P

Easy there — you already filled up your quota with Rupert Murdoch.

Russia benefits from a stronger US dollar insofar as its oil and gas exports are settled in that currency. The more valuable the US dollar is (as measured against the ruble), the more rubles Russia’s exports end up yielding — or the better they compete with other producers in international markets.

To the contrary: the value of the US dollar, as measured against other currencies, has surged in the past weeks amidst Donald Trump’s announcements of tariffs, because markets expect them to bump prices and higher prices, in turn, would could prompt the Federal Reserve to raise interest rates, just as we saw in 2022.

TL;DR: higher tariffs => higher prices => Federal Reaerve raises interest rates => US dollar appreciates

The incoming Trump administration could counter this dynamic by changing the mandate under which the Federal Reserve has been operating for about a century and bringing it under the executive, stripping it of its independence.

That’s weird. The Internet Archive hosts a copy of the page that you should be able to view. I would like to find out why you can’t access the Mexican government’s website, though.

The Mexican government’s website quotes Sheinbaum’s original address (in Spanish). Among other English outlets, Politico quotes translations thereof.

He stands to gain more through his political influence than he has lost with Twitter, and the latter arguably helped him get the former. By itself, his acquisition of Twitter is and will remain a loss; in the grand scheme of things, though, it was a sort of investment that is likely to pay off handsomely. If he’s learnt anything, it’s that the United States have devolved into a plutocracy that capital can steer off the common interest of their citizens and the common good.

That 6% is the gross of sales, not revenues as well.

I think you mean “that’s 6% of revenue, not profit”. Revenue is gross income before expenses and other tax deductions. Sales is revenue generated by selling products and services, as opposed to interest and investment proceeds. Profit is revenue minus expenses and tax deductions and is where corporations often cheat.

Careful there — he did kinda simulate blowing a microphone at a rally, so don’t put it past him to abuse vehicles — even those that lack a tailpipe. Given his mental acuity, I bet he prefers a good dose of leaded exhaust, though.