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The story was pretty crazy. Six of them actually got indicted on felony charges, but it looks like the cases ended with only one of the pleading to a misdemeanor probation.
- Trump has no idea what he's doing, and we'll all pay the price for it. For now, there is still a 10% tariff imposed across the board while the tariff on Chinese goods has gone to 125% and rising.
- Trump's reversal on tariffs was probably due (gift link) to the 10 year bond market trending towards a crash. Short version: The more people don't trust in the stability of the United States, the more interest rates will rise on the 10 year U.S. bond in order to get people and entities to buy them. After all, "The higher the risk, the greater the return." So if you think there is a legitimate chance the U.S. won't be stable enough (or exist) in 10 years to repay your bond, you want a higher return before you'll risk your money. That's what was happening because the world now has concerns about the stability of the America.
- When reporters jumped on the Press Secretary, who ran out of the Oval Office to do damage control after Trump announced the tariffs reversal, she said . . .
- Visa revocations continue. No one can get a straight answer as to why these visas are being revoked, but many have been targeted for opposing Israel's heavy handed tactics in Gaza. Welcome to the new America.
- The actual biggest story yesterday may be that Trump, from the Oval Office no less, said that he was signing Executive Orders ordering (!!!) AG Pam Bondi to investigate two people he appointed during his first term for the words they have spoken and written. Specifically, he's targeting one of them for saying the 2020 election was not stolen. This is not normal. This is fascism. And there will be more of this to come. It's over.
- Random odd news.
- If you want a wild follow on Twitter, check out Jenna Ryan, the real estate agent who flew from the metroplex to D.C. on the "private jet" and was later convicted and sentenced to 60 days in prison. "Short version": She later sued PayPal for "debanking" her because of her January 6th involvement, but the federal judge found there was a binding agreement between the two to arbitrate any dispute, stayed the lawsuit, and referred it to arbitration. Her lawyer then withdrew. There has been no arbitration. She has since tried to represent herself and filed some crazy motions and amended complaints despite the stay being in effect. (Court's docket here.) She then issued a press release a few days ago saying that she had "secured" a $185 million default judgment against PayPal. She really believed she had because PayPal didn't respond to her amended pleadings (although they had no obligation to do so because of the stay.) That prompted the federal court to issue an Order yesterday that basically said, "No you didn't." She went on a scorched earth rant last night about the judge but has since deleted the tweets.
- I'm a little worried abut the Official Liberally Lean Girl.
- Messenger - Above the Fold
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