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Headlines: Trump's Joint Session of Congress Address; Climate Change Is Harming the Health of Americans; Musk Calls Social Security a 'Ponzi Scheme'; Trump Threatens to Deport International Students Breaking news, politics, and commentary from the other side
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News
Workers' Share of America's Income Is at a Record Low
4+ day, 13+ hour ago (1084+ words) Workers' share of U.S. income has already fallen to its lowest level on record, while corporate profit margins keep breaking records quarter by quarter. Posted by lamplighter at 12:33 PM | 28 COMMENTS | permalink | Comment on This Entry | Corporate America has been waging a…...
World's Biggest Sovereign Wealth Fund Plans to Cut U.S. Treasury Holdings
5+ day, 2+ hour ago (365+ words) Norway's sovereign wealth fund has proposed cutting the allocation of government bonds in its $2.3 trillion investment portfolio, chiefly affecting its holdings of U.S. Treasurys, as it seeks to diversify its risk exposure and boost returns. Posted by qcp at 11:32 PM | 2 COMMENTS…...
Diesel Hits Record Price
5+ day, 4+ hour ago (191+ words) Posted by reinheitsgebot at 09:32 PM | 5 COMMENTS | permalink | Comment on This Entry | Diesel. (via Schwab)[image or embed] Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month…...
Panama Canal to Limit Shipping Ahead of El Nino
3+ week, 8+ hour ago (227+ words) The Panama Canal is expected to limit traffic starting in early September, as it prepares for lower water levels due to the El Nino weather phenomenon. Posted by REDIAL at 05:30 PM | 1 COMMENT | permalink | Comment on This Entry | Panama Canal Slot…...
NYC: Judge Rules Second-Surcharge Tax Can Proceed
3+ week, 5+ day ago (166+ words) The second-home surcharge pushed by NYC Mayor Zohran Mamdani hit a stumbling block this week when a Staten Island judge temporarily blocked its implementation. Posted by C0RI0LANUS at 09:30 AM | 2 COMMENTS | permalink | Comment on This Entry | #1 | Posted by C0RI0LANUS at 2026-08-15 02:50 PM | Reply Looks…...
Depleted Strategic Oil Reserve Nears Level That Raises Concerns About Damage to Caverns, Operations
3+ week, 6+ day ago (279+ words) The caverns that hold the U.S. strategic oil reserves could get damaged by the rapid release of stockpiles in response to the Iran war, experts warned this week as inventories hit a four-decade low. Posted by retort at 10:21 AM | 5 COMMENTS | permalink…...
Trump Slaps New Tariffs on Drones
4+ week, 1+ day ago (352+ words) Posted by REDIAL at 04:32 PM | 8 COMMENTS | permalink | Comment on This Entry | Drone stocks rally after Trump orders tariffs on foreign-made components[image or embed] I may not disagree. #1 | Posted by LampLighter at 2026-08-13 10:38 PM | Reply #2 | Posted by REDIAL at 2026-08-13 10:53 PM | Reply…...
Hormuz Traffic Remains Low as World Burns Up Stockpiles
4+ week, 2+ day ago (620+ words) The reopening of the Strait of Hormuz is becoming more pressing as the International Energy Agency warns that global oil stockpiles are diminishing at a rapid clip. Posted by REDIAL at 03:33 PM | 14 COMMENTS | permalink | Comment on This Entry | I'm old…...
U.S. Posts Record July Budget Deficit of $432 Billion
4+ week, 2+ day ago (80+ words) Posted by reinheitsgebot at 01:35 PM | 2 COMMENTS | permalink | Comment on This Entry | Another banner month for the bankruptcy-prone chomo who hides in catering carts. #1 | Posted by reinheitsgebot at 2026-08-13 11:28 AM | Reply "the bankruptcy-prone chomo who hides in catering carts." I don't remember…...
30,000 Lbs of Raw Beef Imported from Argentina Recalled
1+ mon, 15+ hour ago (261+ words) Nearly 30,000 pounds of raw beef imported from Argentina was recalled last week after it entered the United States without undergoing the required federal reinspection, according to the U.S. Department of Agriculture. Posted by reinheitsgebot at 10:30 AM | 10 COMMENTS | permalink | Comment on This…...