Billionaires Score Best-Ever Day as Stocks Soar on Tariff Pause The world’s wealthiest people added $304 billion to their combined net worth on Wednesday — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared after ...

See how this works? www.bloomberg.com/news/article...

09.04.2025 23:30 — 👍 4230    🔁 1586    💬 222    📌 149

If you haven’t already, please consider following @inequalitymedia.bsky.social and @imcivicaction.bsky.social — organizations I co-founded to help counter myths and disinformation about the economy and politics.

I expect our team to be posting here more actively in the coming months.

12.11.2024 19:45 — 👍 9733    🔁 2326    💬 932    📌 107

Any traders with inside information that Trump was going to walk back his tariffs — some of them, presumably, Trump family members and cronies — just made a fortune.

It all feels like chaos until you look more closely at who is winning.

09.04.2025 22:23 — 👍 7531    🔁 2078    💬 340    📌 103

Wha happened today would be treated as crime if they didn’t now also control all the law enforcement agencies

10.04.2025 04:01 — 👍 12713    🔁 4314    💬 392    📌 201

38% of people living in Mike Johnson's district were enrolled in Medicaid last year.

Yet Johnson is pushing for devastating cuts to Medicaid — all to pay for tax cuts that will predominantly go to the rich.

Is there a better encapsulation of the Republican Party?

08.04.2025 16:31 — 👍 3097    🔁 719    💬 141    📌 24

We wouldn’t be here if SCOTUS had allowed the January 6th trial to go forward as scheduled.

08.04.2025 05:14 — 👍 42155    🔁 11284    💬 1154    📌 573

The worst catastrophes of history are caused by men who are malevolent, ignorant, and have exceptional wills.

07.04.2025 12:51 — 👍 42496    🔁 6442    💬 1241    📌 306

A Bright Spot Is Emerging Amid All This Trump Chaos The point of mass protest is not to stage a perfectly organized, fully realized one-time event.

This is well worth reading:

"Whatever dam of despair that kept so many Americans quiet or despondent has now broken..."

slate.com/news-and-pol...

07.04.2025 19:01 — 👍 5185    🔁 1293    💬 293    📌 79

Economists now say a dire economic slowdown has already begun “The economy is headed for a sharp downturn. Layoffs will surge,” said Carl Weinberg, chief U.S. economist at High Frequency Economics.

"falling out of bed"

"Weinberg, chief US economist at High Frequency Economics, sees the economy falling out of bed in the second quarter, which has just started, and now predicts the economy will contract at a negative 4.5% rate in the second quarter."

www.marketwatch.com/story/econom...

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Fear has a way of being contagious.

But courage is also contagious.

07.04.2025 15:53 — 👍 51232    🔁 11978    💬 3832    📌 1992

SpaceX just landed a $5.92B contract with the Pentagon for Space Force rocket launches — the largest contract among the three firms who secured deals to send satellites into orbit.

While DOGE cuts essential services for you, Musk is getting a taxpayer-funded windfall.

Hello?

07.04.2025 19:45 — 👍 9791    🔁 3862    💬 353    📌 252

Yes!!

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Yes

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@maddow.msnbc.com Deb Haaland & 95 year old Dolores Huerta at the Hands Off Rally in Albuquerque, NM.

06.04.2025 03:27 — 👍 3063    🔁 330    💬 43    📌 16

Hands Off Rally in Albuquerque, NM!

05.04.2025 23:55 — 👍 11    🔁 2    💬 1    📌 0

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