Tag: Pensions

Trump 2.0: Project 2025 Could Impact the Economy and Your Finances

Tina Marie (Ms. Cat)
Cass is wrong. See related below.*

The Trump team lied. Project 2025 is influential with his transition team and his second cabinet.

Project 2025 Could Impact the Economy and Your Finances

What economic proposals are in Project 2025?

Most of Project 2025 would have economic implications if implemented and many proposals would affect Americans on a personal finance level. While this is not an exhaustive list, here are some key proposals:

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UAW Stellantis workers protest in the streets from coast to coast

Tina Marie (Ms. Cat)

WASHINGTON—Back in the days when Stellantis was Chrysler, there was a sense of camaraderie on the shop floor, veteran Auto Workers say. Not anymore. Not under Stellantis. All they perceive now is corporate greed, satisfying investors, and filling honchos’ pockets with workers’ dollars.

UAW Stellantis workers protest in the streets from coast to coast

02-2024: The UAW Strike Saved Their Shuttered Plant, But the Fight Is Just Beginning

Eight months ago, the idling of the Belvidere Assembly Plant had local United Auto Workers questioning their next steps.

2023: Stellantis commits nearly $5B to Belvidere with new UAW contract

The revival of the Stellantis plant is a stunning reversal of fortunes for Belvidere, Ill. But workers say they won’t rest until they see the concrete being poured.

2022: All Biden’s Green Job Losers

Climate industrial policy is costing 1,350 workers their jobs at a Stellantis plant in Illinois.

The NATO “solution”

Tina Marie (Ms. Cat)

The NATO “solution”

The focus of political and media attention has inevitably turned from Europe to the Middle East, where the United States, through the Secretary of the Pentagon, has insisted on “Israel’s right to defend itself,” has welcomed the assassinations of Hezbollah leaders carried out by means of massive bombings in Beirut, and has given explicit approval to the ground operation with which Tel Aviv and Washington claim to want to “dismantle the attack infrastructure along the border to ensure that the Lebanese Hezbollah cannot carry out attacks in the style of October 7 against communities in northern Israel.” The precedent of the last twelve months in Gaza, the West Bank, Syria, Yemen and Lebanon foreshadows what the ways of defending oneself against Israel will be and that the United States will continue to justify any excess, selective assassination or massacre, while any response, such as that which occurred yesterday with the launching of Iranian missiles against Israeli military bases, will be considered an unacceptable escalation. And although Ukraine’s public concern for securing priority war status has not yet begun, any escalating war could affect Kiev, especially when it comes to imposing its discourse of existential war on the West as a collective.

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China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers.

Tina Marie (Ms. Cat)
Inside China Business.

CATL and SMIC are two giant Chinese companies that are often singled out by Western think tanks as two firms who benefit from China’s subsidies, at the expense of foreign competition.

But all industrialized countries employ government subsidies, which help favored domestic industries grow. China, however, uniquely can invest in preferred sectors by channeling its massive trading surpluses, and providing low-cost access to its world-leading supply chains and logistics systems.

In contrast, North American and European companies who seek government incentives and subsidies are competing with other spending priorities, as all the funds come from taxpayers. This reality requires of companies seeking government help to do so through proxies, lobbying efforts, and through think-tanks who create research that can be published and used by lawmakers to justify the use of taxpayer funds.

China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers

Argentina: the movement against Milei has begun

Tina Marie (Ms. Cat)

As we were about to publish the latest editorial of the Argentine section of the IMT, concerning the first budget announcements of the new government of far-right demagogue president Milei, he doubled down: announcing by decree the abolition of over 300 pieces of legislation, which regulate economic activity in a wide range of fields. This is an unprecedented, ultra-liberal assault on the rights and living conditions of the working masses, introduced using undemocratic emergency decree powers. The announcement provoked a spontaneous movement of protest, with thousands coming out into the streets of Buenos Aires, as Alejandro Spezia describes in this special update (the original article follows after).

Argentina: the movement against Milei has begun