Wednesday, December 11, 2024

Subsidiarity Economics 2024. The Times more or less locally, Part 4. A return to Pre Covid statuts


US incomes have returned to their 2019 level, adjusted for inflation.

The adjusted rate of inflation was 2.9%.

While people will continue to complain, this is pretty close to being back to the economic status of 2019.

Oil dropped yesterday to $69/bbl.

September 25, 2024

Delta To Pull Out Of Casper Airport, Last Flight Is Dec. 3


Delta To Pull Out Of Casper Airport, Last Flight Is Dec. 3


November 17, 2024

Boeing is commencing layoffs.

November 26, 2024

In a monumentally bad idea, President-elect Donald Trump said Monday he will issue executive orders imposing new tariffs on all imported goods from China, Mexico and Canada. with the rates being 25 percent tariffs would be imposed on Mexican and Canadian merchandise and 10 percent on Chinese goods.  This was tied, oddly, to his immigration goals.

December 2, 2024

President Elect Trump threatened 100% tariffs against Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. 
Turkey, Azerbaijan and Malaysia if they act to block the US Dollar ast he global reserve currency.

December 3, 2024

From a Fox News broadcast:
We are told that when Trudeau told President-elect Trump that new tariffs would kill the Canadian economy, Trump joked to him that if Canada can't survive without ripping off the U.S. the tune of one hundred billion dollars a year, then maybe Canada should become the 51st state and Trudeau could become its governor.

Apparently this was said by Trump in jest by our boorish embarrassment of a President Elect. 

December 11, 2024

$24B merger between grocery giants Kroger, Albertsons blocked by federal judge


Continuous arabica coffee futures on the ICE rose 4.1% to $3.44 a pound beating a record set in 1977 even before it is adjusted for inflation.


Related threads:

September 10, 2024. Pearls Before Swine.

Last edition:

Subsidiarity Economics 2024. The times more or less locally, Part 3. The Decarbonizing the West and Electronic eartags Edition.

No comments: