Wednesday, April 29, 2026

Subsidiarity Economics 2026. The Times more or less locally, Part 3. The Wharton Way.

 

 "The Wharton Way"

Our strategic plan guiding us towards greater influence, innovation, and engagement for the advancement of business, education, and society at large.

Wharton School of Business website.

Donald J. Trump, who fancies himself a Wile E. Coyote level genius, is a graduate of the Wharton School of Business.

It certainly doesn't show, or Wharton isn't all it has been cracked up to be.

Having gotten the United States into an illegal war as Bibi Netanyahu talked him into it, Donny appears to have been taken off guard that Iran could and would close the Straits of Hormuz, hit tankers, and hit oil and gas facilities throughout the Middle East.

Why wouldn't they?

Perhaps if Melania lets Barron go see his father over Spring Break, assuming they're not perusing travel brochures entitled "where we can go to live after Don dies where people won't know we're Trumps", and assuming that Barron isn't doing the right thing and enlisting in the United States Marine Corps, they can break out some hex and counter games and play Naval based Superpower v. Land based regional power" and see how that works out.

Anyhow, Donny Trump (did we mention that he fancies himself a Wile E. Coyote level genius?) has lifted sanctions on already loaded oil tankers in the Persian Gulf, which means that Iran now has a source of cash it didn't before the war started.

So, we didn't wipe out their nuclear capabilities in the Twelve Day War, their government hasn't fallen in this one, people have not risen up to toss out the Iranian government, the Straits of Hormuz are closed, we didn't stockpile oil before the war, the price of oil has skyrocketed, and now the Iranians can legally transport some oil

Assuming that Trump isn't secretly trying to destroy the American economy and benefit Iran (and Russia), it's hard to see the smarts in any of that.

March 23, 2026

Even the best-case scenario for energy markets is disastrous

Whatever happens, high prices will outlive the Iran war 

March 24, 2026

Petroleum is back up over $100/bbl, basically because King Donny is a liar.

March 26, 2026

And the war inflation hits packages:

U.S. Postal Service Announces Transportation-Related, Time-Limited Price Change

WASHINGTON — The U.S. Postal Service filed notice today with the Postal Regulatory Commission (PRC) regarding a time-limited price change to better align its costs of transportation with the market. This temporary price adjustment will provide needed flexibility for the Postal Service by helping to ensure that the actual costs of doing business are covered, as required by Congress.

While this price increase is a time-limited adjustment, it will provide a necessary bridge to a permanent mechanism to reflect market conditions in prices for competitive products that can support the Postal Service’s ability to achieve the universal service obligation in a more financially sustainable manner going forward.

The planned price change, which was approved by the Governors of the Postal Service on March 24, is an 8 percent increase that would affect base postage prices on the following retail and commercial domestic competitive products: Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select. No other products or services would be affected, including First-Class Stamps. Pending favorable review by the PRC, the price change would go into effect at midnight Central Time on April 26 and would remain in place until midnight Central Time on Jan. 17, 2027. At that time, the Postal Service can determine if a different long-term approach is needed.

Transportation costs have been increasing, and our competitors have reacted with a number of surcharges. We have steadfastly avoided surcharges and this charge is less than one-third of what our competitors charge for fuel alone, so even with this change, the Postal Service continues to offer great value in shipping with some of the lowest rates in the industrialized world.

The time-limited price change is consistent with industry practices and will support the Postal Service’s ability to continue achieving its public service mission — providing a nationwide, integrated network for the delivery of mail and packages at least six days a week — in a cost-effective and financially sustainable manner over the long term, just as the U.S. Congress has intended.

The PRC will review the proposed price change before it is scheduled to take effect on April 26. Complete USPS price filings, with prices for all products, can be found on the PRC website’s Daily Listings section at prc.arkcase.com/portal/filings. Price tables are also available on the Postal Explorer website at pe.usps.com/PriceChange/Index.

# # #

March 27, 2026

More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the International Renewable Energy Agency.

Guess they aren't as woke as Chuck and demented Don would claim.

And this two years ago before the tin pot dictator decided to destroy the world's oil importation system.

March 30, 2026

West Texas is at $100/bbl this morning. Brent is at $115/bbl.

With the Houthis now in the war, there's a fairly good chance the Red Sea will be effectively closed, massively widening the war, and propelling the world into a King Donny causes severe recession.

March 31, 2026

Brent is at $114.88.  West Texas at $104.

The price of almost everything is rising.

This is your economy at war.  An undeclared war by a demented octogenarian.

April 6, 2026

Trump's Total War Budget

“More bombs, less of everything else” is a tough campaign platform.

West Texas is $110/bbl this morning.

April 7, 2026

All roads lead to higher prices and slower growth.

IMF’s Kristalina Georgieva.

April 14, 2026

We had in Wyoming record distributions of Meals on Wheels…So I’m worried.  I’ll admit it.

Cynthia Lummis.

April 15, 2026

Headlines in the CST:

Forbes: Trump’s wealth soars 60% since return

Trump administration will refund importers

Treasury chief confident on low core inflation

That last thing comes from Bessant so basically it's propaganda, as everything he says is.

April 18, 2026


The Rural Blog: Inflation surged in March due to Iran war and tariffs: War-related price pressures worsened inflation in March, which the Federal Reserve was already struggling to regulate, reports Colby Smith f...

High oil prices, explained by an expert

"It’s hard to know what level would make Americans start to really restrict their consumption."

April 19, 2026

Oh oh. . .

April 21, 2026

Presidential Determination Pursuant to

Section 303 of the Defense Production Act of 1950, as Amended, on Natural Gas Transmission, Processing, Storage, and Liquefied Natural Gas Capacity

Presidential Memoranda

April 20, 2026

MEMORANDUM FOR THE SECRETARY OF ENERGY

SUBJECT:       Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Natural Gas Transmission, Processing, Storage, and Liquefied Natural Gas Capacity

On January 20, 2025, I issued Executive Order 14156 (Declaring a National Energy Emergency), under the National Emergencies Act.  That order found that hostile foreign actors have weaponized America’s reliance on foreign energy and used it to cause dramatic swings in international commodity markets, leaving the United States and its allies dangerously exposed.  It emphasized that America must develop its capacity to supply reliable, diversified, and affordable energy to international allies and partners to compete with hostile foreign powers, strengthen relations with allies and partners, and support international peace and security.

Consistent with that declaration, I find that ensuring sufficient natural gas and liquefied natural gas (LNG) capacity is critical to sustaining United States defense operations and ensuring allied energy security.  Inadequate pipelines, processing, storage, or natural gas and LNG export capacity would leave the United States and its partners dangerously exposed in times of crisis.

Therefore, by the authority vested in me as President by the Constitution and the laws of the United States of America, including section 303 of the Defense Production Act of 1950, as amended (the “Act”) (50 U.S.C. 4533), I hereby determine, pursuant to section 303(a)(5) of the Act, that:

(1)  natural gas and LNG capacity, including gathering and transmission pipelines, compression, processing plants, underground storage, LNG liquefaction, storage and marine load, export facilities, and critical distribution infrastructure, are industrial resources, materials, or critical technology items essential to the national defense;

(2)  without Presidential action under section 303 of the Act, United States industry cannot reasonably be expected to provide these capabilities for the needed industrial resource, material, or critical technology item in a timely manner due to financing constraints, long-lead equipment and construction schedules, permitting delays, and infrastructure bottlenecks; and

(3)  purchases, purchase commitments, financial support for the development of production capabilities, or other action pursuant to section 303 of the Act are the most cost-effective, expedient, and practical alternative methods for meeting this need.

I have declared a national emergency under Executive Order 14156, and I further determine that action to expand domestic natural gas transmission, processing, storage, and LNG capacity is necessary to avert an industrial resource or critical technology item shortfall that would severely impair national defense capability.  Therefore, pursuant to section 303(a)(7) of the Act, I waive the requirements of section 303(a)(1)-(a)(6) of the Act for the purpose of expanding such capability.

You are authorized and directed to implement this determination, including making necessary purchases, commitments, and financial instruments to enable these projects, and to publish this determination in the Federal Register.

DONALD J. TRUMP

April 27, 2026

I listed to all three weekend shows.  They were grim.

This Week made it clear we're headed into an economic crisis thanks to the damage to oil infrastructure.  It may take years to repair and prices are not going to decline very soon, if ever.

April 28, 2026

‘There’s a day of reckoning coming’: Energy experts expect another spike at the pump

April 29, 2026

The United Arab Emirates has left OPEC.

Last edition:

Subsidiarity Economics 2026. The Times more or less locally, Part 2. The "War, what's it good for?" edition.

Tuesday, April 28, 2026

Ballroom Batshit. A demented president goes full bonkers. The 25th Amendment Watch List Fifteenth Edition and Court Watch Part VI.

This is so insane, it's not clear which category of trailing thread to put this in, so we'll give it its own post of dishonor.

It appears pretty clear that Trump himself penned part of this pleading that's being filed as a motion over the ballroom. The lawyers who signed the pleading should be ashamed.






Trump is nuts. Anyone supporting him, is supporting a madman.

cont:

This is not normal.

Last prior editions:

Republicans. You have reached July 20, 1944. You can either act with the insurgents and save your party (maybe) or go down in the bunker and destroy it for a generation, or more.



The 2026 Election, 10th Edition. The Setting the stage for a Pyrrhic Victory edition.

 


We start off this edition with what might be a little light at the end of a tunnel:

GOP Senate Challengers Emerge To Take On Harriet Hageman In Primary

I'll note that the LinkedIn article is the first really good article on Skovgard's views that I've seen.  Personally, I'm favoring Mead.

And something to remember:

Hageman's Senate Run Reignites Criticisms Over Public Lands

And then there's this:

Wyoming Republican Party plans to buck law and endorse candidates ahead of critical primary

The GOP is really playing with fire here.  It's correct that as a private organization the government shouldn't tell it who it can and cannot endorse.  But then, the laws of the state shouldn't give a preferential position to a private organization, let alone a political party.  As a "major party" it has a role in nominating replacement for some positions and has pride of place in primaries.  When challenged in court, and it could be, this might be the first step towards an open primary in Wyoming.  That is, one with no parties noted at all.

In other races, the amount of money being violently hurled by Chuck Gray and Reid Rasner at the House race is simply nuts.  Weekly flyers now arrive, printed obviously by the same company, by both candidates, and television ads appear constantly.  Frankly Rasner's television ads are a little better than  Gray's, the latter of which basically amount to a swooning expression of love, albeit by a man who comes across as so angry its unhinged, and absolute fealty to Donald Trump.  Rasner has, in my view, less than zero chance of winning the seat, but if he has any success at all it will be due to his media blitz.  At any rate, both campaigns are largely self funded, which gives rise to the "well, it's their money" comment.  None the less, the expenditure of this sort of money is obscene and is reason enough that neither man should win office . . . any office.

The Star Tribune ran an article about the Democratic candidate taking on Art Washut, one of the best members of the Wyoming legislature.  Stewart McAdoo turns out to be a South Carolinian, so we'd put him in the carpetbagger category, and he's running on the predictable Democratic seas of blood support of infanticide.  

Related threads:

Pollice Verso. The 2026 Political Negative Endorsement. The Don't Vote For List.

Last edition:

The 2026 Election, 9th Edition. The Sic Semper Tyrannus edition.*

King Donald's War, Part 5. After 13/15 U.S. deaths, Hundreds of Iranian deaths, $50B spent fighting it, and a massive increase in the price of oil, King Donny surrenders to the Iranians. The "If any question why we died, Tell them, because our fathers lied" edition.

April 8,2026

What MAGA wizard King Donny said at the start of the war:



What the befuddled demented agreed to as an a starting point now:


The MAGA's I know and read about are already bragging this up as another example of Trump brilliance.  This demonstrates how completely brainwashed MAGA really is.  There is a Trump Derangement Syndrome alright.  It's what allows people who voted for no more overseas wars, lower prices, a return to (Calvinist) Christianity, and a deep belief in a conspiracy to keep the Epstein files hidden vote for a man who has now waged two wars, surrendered to a Muslim theocracy, caused higher prices, while hiding the Epstein files and living a life contrary to the Gospels to be worshipped no matter what he does.

We lost this war, completely.  We not only lost it for us, we lost it for Israel too.  Israel, which duped Donny into the war, deserved it.  The American people did not.

Thirteen American servicemen died for nothing whatsoever, other than an attempt at the greater glory of Trump.  Their lives were wasted. Their deaths didn't serve the nation, but one man.  Six were Army National Guardsmen.  Six were members of the USAF.

No Trumps or Musks, or the children of the rich, died.  If you visited Epstein Island, your family wasn't fighting.

And by the way, the oligarchs grew richer during the war, due to timely made trades and a rise in the price of oil, which made regular Americans poorer.

Trump once claimed that veterans were suckers.  The veterans of this war are.  But more than that, those who voted for Trump were proven to be.  There was no excuse to support him in the last election and there's no excuse not to remove him now.  

Before the war Iran was a theocracy.  It still is.

Before the war the Iranian people wanted freedom. They still do, and still lack it.

Before the war Iran could launch missiles and drones at their enemies. They still can.

Before the war Iran had 1000 pounds of uranium.  It still does.

Before the war the Strait of Hormuz was open.  Now Iran gets to charge a toll for its passage.

During the war Iran shipped more oil at a higher price than it did before the war.

The names of the thirteen known men and women who gave their lives, not for their country but for Donald Trump, are:

CWO Robert Marzan
SFC Nicole Amor
SFC Noah Tietjens
Sgt Declan Coady
Maj. Jeffrey O'Brien
Cpt. Cody Khork
Sgt. Benjamin Pennington
Maj. John "Alex" Klinner
Cpt. Ariana Savino
TSgt. Ashley Pruitt
Cpt. Seth Koval
Ct. Curtis Angst
TSgt. Tyler Simmons

Only some of the names of the 170 some Iranian girls the U.S. killed during the war are known.  Those names, including a few of the names of their teachers, are:

1. Hana Dehqani, eight years old

2. Fatemeh Salari, 34 years old

3. Reza Habashian, seven years old

4. Arya Bahadori, nine years old

5. Ali Asghar Zaeri, eight years old

6. Zahra Bahrami, seven years old 

7. Ahmad Soltani, eight years old

8. Hamed Par-ashegh-nezhad, seven years old

9. Fatemeh Yazdan-panah, young girl, age unknown

10. Mahdis Nazari, seven years old

11. Athena Chamani-nezhad, six years old

12. Amirghasem Zaeri, seven years old

13. Fatemeh Dorazehi, 10 years old

14. Arad Ahmadizadeh, eight years old 

15. Saman Karimzadeh, seven years old

16. Fatemeh Shahdadi, age unknown

17. Nadia Shahmiri, nine years old

18. Parham Ranjbari, nine years old

19. Mahmoud Gholamyani, 35 years old

20. Fatemeh Rahdar, 10 years old 

21. Amir-Hassan Rasouli, eight years old

22. Zahra Behrouzi, eight years old

23. Mohammadhatam Raisi, 10 years old

24. Asna Raisi, 12 years old 

25. Benyamin Jangjou, eight years old

26. Mohammad-Sadra Zarei, eight years old 

27. Maryam Pazark, 10 years old

28. Liana Mohammadi, seven years old

29. Mandana Salari, 29 years old

30. Sara Shayesteh, five years old

31. Zoha Pasand, eight years old

32. Esra Zakeri, nine years old

33. Salma Zakeri, six years old

34. Fatemeh Taherifard, 29 years old

35. Zahra Ansari, seven years old

36. Fatemeh Fadavi, 10 years old 

37. Mahna Zarei, two months old

38. Athareh Zarei, 10 years old

39. Alireza Zarei, nine years old

40. Mohammadreza Shahsavari, eight years old

41. Samira Basarde, 38 years old

42. Ehsan Saleminia, six years old

43. Fatemeh Zahra Karimi, seven years old

44. Zeynab Bahrami, 10 years old

45. Mohammad Shah-dousti, eight years old

46. Reza Barani, seven years old

47. Athena Ahmadzadeh, 10 years old

48. Khadijeh Darvishi, nine years old

49. Roqayyeh Karimi, 42 years old

50. Reza Ranjbar, six years old 

51. Marzieh Bashiri-far, 38 years old

52. Mohammad-Mehdi Chegini, 10 years old

53. Mohammadian Bahrami, 17 years old

54. Ali-Akbar Karyani Pak, eight years old

55. Hananeh Mehdikhah, seven years old

56. Fereshteh Sangarzadeh, 44 years old 

57. Mohammad-Ali Karyani Pak, seven years old

58. Parsa Mokhtari-nasab, 12 years old

59. Arina Arab-Kish, eight years old

60. Makan Nasiri, 12 years old

61. Esra Farahi-Zadeh, young girl, age unknown

About half of the American lives were due to a mid air accident, but they're just as dead as they would be had they died fighting.  All of the Iranian lives lost that are listed are due to a targeting accident.

What the death toll for anybody in Lebanon, which opened up as a theatre of war while this was going on, we don't probably really know.

May the perpetual light shine upon them.

If any question why we died, 
Tell them, because our fathers lied.

None of these people had a choice in the offering of their lives for Trump's desperate attempt to have a legacy.  American voters do have a choice on allowing him to continue to kill in an attempt to gain one, however.  They'll have that choice in November, and through their members of Congress, they have a sort of choice now.  The second it becomes clear to Republican members of Congress that their phony jobs are in danger by supporting a madman, they'll suddenly have never supported him. 


April 9, 2026

Nothing is going through the Straits of Hormuz yet. . . a sign that shippers doubt the ceasefire will hold.

And it hasn't in Lebanon, where Israel continues to conduct operations arguing, logically enough, that it doesn't apply there anyway.

April 13, 2026

Well negotiations are going badly so now King Donny is threatening to blockade Iranian ports.

The world's worst dealmaker screws up the Iran negotiations

Forget the "Art of the Deal” myth.

April 17, 2026

There apparently is an agreement for a ceasefire in Lebanon.

April 18, 2026

A suspicious package caused a lockdown on parts of F. E. Warren yesterday.

Related?  I don't know, but then, I don't know.

The Straits of Hormoz were announced open yesterday, and then Iran announced that they are under strict Iranian control today.

April 20, 2026

The United States announced a second round of talks in Pakistan and even discussed the delegation, with Trump claiming the parties were close to a deal.

Iran said nope, it wasn't going to any talks.

April 21, 2026

Some reporters are indicating that the US and Iran were close to a deal to end the war and that it was blown up by Trump's tweeting.

April 22, 2026

Trump was going to rain down destruction if things weren't moving yesterday, yadda yadda, yadda. . .


On other matters related to Mad King Donald's War, there are persistent rumors that recently he asked for the nuclear codes and was denied them by the Chairman of the Joint Chiefs of Staff.  Did that happen?  We just don't know.  If it did, we are way past the point where the 25th Amendment needs to be invoked.  But again, we don't know.

April 23, 2026

More head's rolling in the DoD:

It's well known that Hegseth has the Secretary of the Army in his sights but hasn't been able to pull that off yet.

Interesting . . . 

In other news, Iran is reporting that its Revolutionary Guards seized to vessels. Granted, that's not the Iranian Navy, but it does show that Iranian forces are more resilient than the US claims.

April 24, 2026

Trump's war on the global food supply

Just the latest moral and logistical atrocity.

April 25, 2026

Talks that were supposed to start today, aren't.

April 26, 2026

News has leaked that an Iranian Air Force F5 hit a US base in Kuwait awhile back.

The F5 was a great airplane.  They haven't been made since 1987 but they're in the class of weapons, like the A10, that just keeps on keeping on.

The interesting thing here is that we've supposedly completely destroyed the Iranian Air Force and Navy, and yet the Iranians are still capable of flying (they were pretty limited in this before the war) and putting small boats in the sea.  In order to really defeat Iran, we would have to be troops on the ground, and the Iranians will fight.

April 27, 2026

Guests and panelist on This Week made it clear that the momentum with the war is now with Iran and that if proceed on the current path, Iran will come out of the war stronger than they went in it.  

April 28, 2026

It's hardly been noticed, in part because of the attack at the Correspondence Dinner, but the US is on the verge of basically formally surrendering to Iran and leaving Iran a more powerful nation than it was when the war started.

Trump Blinked

This will close out this edition.  The man who is attributed with the Art of the Deal, which of course was ghostwritten, is being shown the Art of the Squeal by a nation that's not impressed with him, and which is run by people vastly more intelligent than he is.  He's going to surrender.  He won't call it that, but that's what he's about to do.

And with the surrender imminent, we'll go on to a new edition of this thread. 

Last edition:

King Donald's War, Part 4. The Raving Madman threatens to resort to mass war crimes.