James Carville breaks with famous ‘It’s the economy, stupid’ slogan because of Trump

James Carville says his famous 1992 catchphrase "It's the economy, stupid" now haunts him because of what he calls Trump's corruption today.

Donald Trump is the accidental hero of a real-life feelgood climate tale even as a creeping horror story plays alongside | Clear Air

Despite a deadly heatwave sweeping through Europe, the US president’s ineptness has created reason for optimism on the climate crisisSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereTwo real-life climate-themed movies are playing in parallel across the globe. They are about the world today, but they are also a snapshot of the future. The first is a slow-building horror story; the second, a feelgood summer hit. Both are worth watching.Horror films are suddenly box-office gold, so let’s start there. The World Health Organisation says the extreme, record-breaking heatwave blanketing Europe has killed more than 1,300 people. But everyone knows that number will end up a dramatic understatement. Continue reading...

Profiting from the Presidency: Trump and Family Rake In Billions from Crypto, Real Estate & More

New financial disclosures by President Donald Trump show that he made more than $1.4 billion from his family’s various cryptocurrency ventures last year, reaping a windfall after pulling back on regulation of the industry and promoting the United States as “the crypto capital of the world.” Other Trump businesses, like his resorts and golf courses, have also flourished since his return to the White House, while the Trump Organization has also licensed the family name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar. “It’s been an incredibly successful period for the Trump family,” says Reuters investigative reporter Tom Bergin.

America’s Real Superpower Has Always Been Free People Working Together

Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'

A prominent economist on Thursday warned that President Donald Trump's economy has raised some concerns.Justin Wolfers, an economics and public policy professor at the University of Michigan, responded to a new report from the Department of Labor, which indicated the United States has added fewer jobs in June — just 57,000 jobs that month."Each month we just learn a little bit more about the economy," Wolfers said. "We've seen a few really, really good months, and it was a 'yabba dabba doo' moment. I was very excited. And what we see here is maybe we shouldn't be so excited. This is an economy that is not as hot as we might have thought a month ago. It's also not an economy that's sinking by any means — it's treading water; it's doing OK. Let's cross our fingers and try not to do anything wrong, and hopefully we'll keep it."For instance, Wolfers noted that the latest data showed there has been a decline in leisure and hospitality hiring at a time when several U.S. cities are hosting the World Cup, which he described as a "double whammy" for the economy. He also argued that every industry outside of healthcare showed signs of shrinking.

America’s birthday is opportunity to celebrate free market economy

June’s jobs report is a one-off following several months of very strong jobs days, and it doesn’t reflect the state of the underlying economy. Only 57,000 jobs were created […]

'Volatile situation': Experts react as anemic job numbers pour in for Trump economy

If President Donald Trump was hoping for a good jobs report to boost his party's spirits, he didn't get it.As the latest survey results came in, economic reporters and other observers were quick to note that, while not every figure in the report was bad, it was well below what Wall Street had been hoping for."A disappointing jobs report," wrote Navy Federal Credit Union chief economist Heather Long on X. "The US economy added 57,000 jobs in June (below expectations of 115k). Hospitality jobs decline by -61k. Plus, April and May were revised lower by -74,000. The unemployment rate fell to 4.2% --> the lowest in a year, but mainly due to a big drop in people job hunting." Also rough, she noted, is that "Wages aren’t keeping up with inflation," only rising 3.5 percent vs 4 percent price increases.As the far-right financial site Zero Hedge put more bluntly, "The jobs print was below all but one forecasts."Wall Street Journal chief economic correspondent Nick Timiraos wrote, "The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June."Industry analyst account The Kobeissi Letter noted that "The unemployment rate fell to 4.2%, below expectations of 4.3%," but that "May's jobs number was also revised down by -43,000 jobs. The labor market remains in a volatile situation."

Top WH economic advisor touts great signs for the economy, June jobs report supports

A top Trump administration economic advisor is touting great signs for the economy. White House National Economic Council Director Kevin Hassett said that there’s a “construction boom” […]