I am actually in favor of the world finding a competing reserve currency (just NOT Chinese or Russian ruble!). The US$ being the reserve currency means the rest of the world has been SUBSIDIZING the US, by bringing in trillions of dollars to US banks and federal reserve LOWERING US interest rates which also has helped fuel all the bubbles we've seen. Having another reserve currency in turn cause interest rates to return to their natural levels bringing down ASSET values (i.e. housing) to more affordable levels.
This is his buddies Putin and Xi!
Trump is putting BRICS nations on notice, threatening them with a full-blown trade war if they attempt to sideline the U.S. dollar in global commerce.
cross-posted from: https://lemmy.world/post/24960701
> In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.
Trump is putting BRICS nations on notice, threatening them with a full-blown trade war if they attempt to sideline the U.S. dollar in global commerce.
In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.
President Donald Trump’s abrupt freeze of U.S. foreign aid is sending shockwaves through Eastern Europe.
President Donald Trump’s abrupt freeze of U.S. foreign aid is sending shockwaves through Eastern Europe, leaving pro-democracy groups, independent media, civil society initiatives and local governments scrambling to make ends meet in a region often defined by rivalries between East and West.
Exclusive: NBA player Terry Rozier has been investigated by federal prosecutors over whether he manipulated his performance as part of an illegal sports betting scheme https://www.wsj.com/sports/basketball/terry-rozier-illegal-betting-probe-nba-63a7170b?mod=bluesky
An anti-Islam activist who burned the Koran at several protests, sparking outrage in Muslim countries, has been shot dead in Sweden, a day before a court was to rule on his case.
Temple University freshman Tyler Sabapathy, who was 18, has died from injuries he suffered Sunday after falling from a light pole while celebrating with fans after the Eagles won the NFC Championship Game.
Now I see what MAGA stands for. Make America (a) Great Asshole.
US economy has been running on bubbles for decades, and using bubbles to fuel innovation and growth. It has survived telecom bubble, housing bubble, bubble in the oil sector for multiple times (how do you think fracking came to be?) etc. This is just the start of the AI bubble because its innovations have yet to have a broad-based impact on the economy. Once AI becomes commonplace in aiding in everything we do, that's when valuations will look "normal".
good god. It is the end.
Of the cable news audience, Fox raked in a whopping 72% of all Democrats tuned in, 78% of all Independents, and 88% of all Republicans.
Fox News not only trounced the competition in total viewers during President Donald Trump’s Monday inauguration, but new data from Nielsen MRI Research shows the network also far outpaced its competitors with Democrats and independents.
John Berman couldn't suppress a laugh at the decline in ratings for President Trump's inauguration compared to President Biden's in 2021 — and Trump's in 2017.
But all of that coverage couldn’t keep up with inaugurations of the recent past, as television ratings were “down bigly” according to Sarah Rumpf — down 27% from 2021 and nearly 20% lower than the 2017 inauguration.
Elon Musk threw a wrench into the gears of Trump's technological infrastructure plans, insisting that billionaire investors in Stargate don't have the money.
Trump advisor and world’s richest man Elon Musk threw a wrench into the much-ballyhooed gears of Trump’s AI infrastructure plans, insisting that billionaire investors in the project called Stargate — who stood next to Trump in an announcement this week — “don’t actually have the money.”
During a Tuesday afternoon press conference in the White House, President Donald Trump was joined by Masayoshi Son of SoftBank, Sam Altman of OpenAI, and Larry Ellison of Oracle to announce the project. The assembled chief executives all gave credit to the president for making the project possible, even though the project began under former President Joe Biden in 2024, and construction of the massive building in Texas set to house it has already started.
The SEC filed a lawsuit against Elon Musk, accusing him of failing to disclose his ownership of Twitter stock in a timely manner during early 2022.
What will happen now after Trump term? Can't they take up the case again?
Ukraine carried out its largest aerial attack on Russian territory of the nearly three-year war overnight, Kyiv said on Tuesday, hitting factories and energy hubs hundreds of miles from the frontline.
Ukraine carried out its largest aerial attack on Russian territory of the nearly three-year war overnight, Kyiv said Tuesday, hitting factories and energy hubs hundreds of miles from the frontline.
From our breaking news segment on @nflnetwork.bsky.social: Former Cowboys coach Mike McCarthy can begin speaking to teams immediately.
At least some of these nonpolitical employees have begun packing up their belongings since being asked about their loyalty to President-elect Trump, according to a U.S. official familiar with the matter.
OMG. That's a good way to start the new year. Now my daily tea is going to be filled with guilt and worry.
BREAKING: Kawhi Leonard is stepping away from the Clippers to be with his family who were forced to evacuate their homes due to the LA fires. 🙏 (via @chrisbhaynesnba)
Fresh from pouring his money and energies into helping Donald Trump win reelection, Elon Musk has trained his sights on Europe.
Fresh from pouring his money and energies into helping Donald Trump win reelection, Elon Musk has trained his sights on Europe, setting off alarm bells among politicians across the continent.
The Tesla and SpaceX chief executive has endorsed the far-right Alternative for Germany, demanded the release of jailed U.K. anti-Islam extremist Tommy Robinson and called British Prime Minister Keir Starmer an evil tyrant who should be in prison.
That's my Prime Minister-resigned.
Prime Minister Justin Trudeau said 'there isn't a snowball's chance in hell that Canada would become part of the United States,' on the same day U.S. president-elect Donald Trump declared that he's open to using 'economic force' to acquire Canada.
cross-posted from: https://lemmy.ml/post/24541400
> Trump, kindly go fuck yourself.
I tried to post from lemmy.world but it didn't post.
Trudeau has been done for a while. His wife resigned way before his finance minister. I don't look forward to the next 5 years. We have Trump-light in waiting in the conservative leader pierre poilievre.
I wonder what 69 is like at 69.... (wife) it's like eating spaghetti with meatballs.
The Seahawks have fired offensive coordinator Ryan Grubb after one season, coach Mike Macdonald confirmed Monday.
cross-posted from: https://lemmy.world/post/23956668
> Grubb is former University of Washington OC with current Bama HC DeBoer.
The Seahawks have fired offensive coordinator Ryan Grubb after one season, coach Mike Macdonald confirmed Monday.
Grubb is former University of Washington OC with current Bama HC DeBoer.
Russ is gonna be the back up isn't he.