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The Supreme Court struck down a bunch of Trump's tariffs. Now what?
- The Supreme Court ruled that the president does not have the authority to impose tariffs as a form of taxation, emphasizing that this power belongs to Congress.
- The ruling may lead to significant refunds for companies that have already paid these tariffs, though the process for issuing these refunds is expected to be complex.
- While one specific set of tariffs was struck down, the president retains other tariff authorities and can explore alternative legal avenues to implement trade policies.
The Invention Invention
- A new device was invented to transfer sound, with potential applications in communication.
- The idea for a "cellular phone" was conceived and noted as a potentially lucrative invention.
- The doctor's strength was attributed to a regimen of exercise, vitamins, and "roids."
Iran, protests, and sanctions
- The U.S. is imposing sanctions on Iranian officials for their role in cracking down on protests and is tracking funds wired by Iranian leaders to global banks.
- Treasury Secretary Steven Mnuchin released a video message stating that the U.S. supports the Iranian people protesting economic mismanagement and brutality, and warns the Iranian leadership about tracking their illicit funds.
- This action is part of President Trump's "maximum pressure" campaign, which aims to reduce Iran's oil exports to zero and prevent it from developing nuclear weapons.
Can Trump make buying a home more affordable?
- The White House is implementing a two-part plan to increase housing affordability, focusing on individual homeownership as a key element of the American dream.
- One policy aims to ban large investors from purchasing single-family homes to help lower rents and home prices for consumers.
- The federal government will also purchase $200 billion in mortgage bonds, intending to drive down mortgage rates and make buying a home more accessible.
BOARD GAMES 3: What’s in a name?
- The discussion revolves around the controversial idea of banning pronouns in America.
- Participants express skepticism and disagreement with the proposed pronoun ban.
- The conversation includes a brief, somewhat unrelated, mention of having "blue hair" as a form of protest or expression.
How much money President Trump and his family have made
- New reporting estimates the Trump family has profited $3.4 billion from business ventures tied to the presidency, with a significant portion derived from crypto.
- The Trump family's crypto profits are largely attributed to Trump Media and Technology Group, a meme stock that can be swapped for cash and Bitcoin.
- The article highlights the unprecedented monetization of the presidency, including selling political merchandise through the Trump Organization rather than the campaign.
Venezuela’s recent economic history (Update)
- Venezuela, despite possessing the world's largest oil reserves, has experienced an 80% GDP collapse due to severe mismanagement.
- The country's economy is characterized by rampant corruption, hyperinflation, and a lack of infrastructure to extract its own resources.
- Unlike Norway, which prudently invested its oil wealth, Venezuela squandered its resources on populist policies, leading to widespread poverty and instability.
Indicators of the Year, Past and Future
- The wick to body ratio forecast indicator mathematically analyzes past candlestick structures to predict future price movements.
- Key indicator settings include the loop back period and the maximum number of matches, which are dynamically adjusted based on the rarity of the current candle's wick-to-body ratio.
- Traders can use the forecast line as a directional bias and confirmation for entries when combined with price action concepts like order blocks or support/resistance levels.
Why economists got free trade with China so wrong
- Economists are acknowledging that while free trade may lead to long-term efficiency and benefits, short-term disruptions can leave specific populations, like older workers in declining industries, unprepared for new economic realities.
- Concerns about free trade often center on job displacement and wage stagnation for domestic workers, alongside the dependency created by relying on other nations for essential goods and services.
- The unequal distribution of benefits from free trade has fueled backlash against neoliberal policies, contributing to political shifts and straining democratic institutions.
The Rest of the Story, 2025
- A grieving father secretly creates a plaster bust of his deceased son to console his wife after being unable to afford a photograph.
- The profound impact of this event on his daughter, Maggie, leads her to reflect on the financial strain of large families and their consequences.
- Maggie Higgins, later known as Margaret Sanger, is inspired by this childhood experience to launch the family planning movement in the United States.