All Things Trump: The Return Of The King

[Tero]

Cracker barrel thing.
https://www.threads.com/@tero55jarvi/po ... VvA&slof=1

[Tero]

Blackmail continues

Trump says he wants ‘nothing less than $500m’ from Harvard as feud continues
‘Don’t negotiate with them, they’ve been very bad,’ Trump tells education secretary in cabinet meeting

Several other universities that have faced federal funding cuts – including Columbia, Brown and the University of Pennsylvania – have reached settlement agreements with the administration to restore research funding.

Columbia University agreed to pay more than $220m and implement a series of reforms to settle allegations that it was not doing enough to combat antisemitism. However, some education advocates decried that deal as a blow to academic freedom.

https://www.theguardian.com/education/2 ... rvard-feud

[Tero]

Picture from NYT morning letter. So as not to add pictures to Ratz.
https://www.threads.com/@tero55jarvi/po ... _lVC2TU0Pw

[Svartalf]

Picture from NYT morning letter. So as not to add pictures to Ratz.
https://www.threads.com/@tero55jarvi/po ... _lVC2TU0Pw

isn't the dollar ruined already with everybody doing what they can to stop using it and dump their stocks?

[Brian Peacock]

Picture from NYT morning letter. So as not to add pictures to Ratz.
https://www.threads.com/@tero55jarvi/po ... _lVC2TU0Pw

isn't the dollar ruined already with everybody doing what they can to stop using it and dump their stocks?

"The Dow Jones Industrial Average (DJI) has returned 6.5% this year and since January 1, 2025."
https://www.statmuse.com/money/ask/dow- ... ar-to-date

[Tero]

[Svartalf]

[Tero]

Trump operators...somewhat better than Vance..In Greenland

Tensions over Greenland

Denmark’s foreign minister summoned the top US diplomat in Copenhagen for a meeting yesterday. The move comes after reports that at least three Americans tied to President Donald Trump were conducting covert influence operations in Greenland.

According to Danish government sources, the unnamed Americans have gathered information and pursued contacts to undermine Greenlanders’ perceptions of Denmark. The Danish foreign minister previously summoned the acting American ambassador over reports that US spy agencies were engaging in similar efforts. It's unclear if the individuals are acting independently or under Trump’s direction. Trump has proposed annexing the semiautonomous Danish territory, strategically located in the Arctic Circle and rich in rare earth elements critical to emergent technologies.

A January opinion poll showed 85% of Greenlanders oppose joining the US, although 56% support independence from Denmark, which has exercised some control over Greenland since the early 18th century.

1440

[Tero]

https://www.theatlantic.com/economy/arc ... ve/684013/

"Yesterday, Donald Trump posted a letter to Truth Social announcing that he had fired the economist Lisa Cook from her position as a member of the Federal Reserve Board of Governors. Whether this is true—whether Trump has, in fact, successfully fired Cook—is an unsettled question of enormous consequence. Under the law, a president can fire a Fed governor only “for cause.” To clear that bar, Trump has accused Cook of having made false statements on a mortgage application."

"Cook, who has not been charged with any crime, has promised to sue to keep her job. Her lawyers will likely argue, among other things, that the “for cause” standard requires proof that Cook has engaged in misconduct or poor performance related to her job as a Fed governor, and that it does not permit the president’s lackeys to go digging through her personal history to gin up a pretext for termination. But because no president before Trump crossed this particular line, the vague standard has never been litigated. Ultimately, the Supreme Court will have to weigh in. Much more than Cook’s employment status hinges on its decision. If Trump succeeds at firing her and replacing her with a loyalist, he could be just months away from a full-blown takeover of the Federal Reserve."

"Trump has not been coy about his interest in the makeup of the Fed. He complains that the central bank is hurting the U.S. economy (which, confusingly, he otherwise insists is better than ever) by keeping interest rates too high. Rates are set by a 12-member body known as the Federal Open Market Committee (FOMC). Seven of those members come from the Board of Governors, a group appointed by the president that includes Fed Chair Jerome Powell as well as Cook. Trump appointed two of its other members, Michelle Bowman and Christopher Waller, during his first term, and has nominated the head of his Council of Economic Advisers, Stephen Miran, to replace a member who recently stepped down. If Trump successfully replaces Cook with a loyalist, he will have appointed four out of the seven board members, enough for a majority."

"Normally, that wouldn’t be enough to dictate how the FOMC sets rates. The remaining five votes come from the presidents of the Federal Reserve’s 12 regional banks, who take turns serving as voting members on the FOMC. The president has no direct power in choosing these individuals. Instead, the board of each regional bank picks its president, a structure designed to insulate the regional presidents from Washington politics. The five regional Fed presidents on the committee could band together with the three non–Trump appointees on the Board of Governors to prevent Trump’s appointees from exerting their will."

"But there’s a catch: Every five years, the Fed’s regional presidents must be reconfirmed by a majority of the members of the Board of Governors. And the current five-year period just so happens to expire next February. If four Trump appointees decided to vote together, they could block the reappointment of any regional president who didn’t agree to cut rates."

"What would happen next isn’t entirely clear. In the Fed’s 112-year history, a governor has never voted against the appointment of a regional president."

"Trump’s first-term appointees, Waller and Bowman, might not go along with such a dramatic power play. Like Powell, they are veteran central bankers with mainstream credentials, not Trumpian sycophants chosen explicitly for their personal loyalty to the president. But the pair have shown a willingness to break with norms before. In 2023, they became the first ever Fed Board governors to abstain from voting to confirm the appointment of a regional president—in this case, Chicago Fed President Austan Goolsbee, who had served as an economist in the Obama administration."

"In short, if the Supreme Court upholds Cook’s firing, then Trump’s path to completely taking over the Fed, and dramatically lowering interest rates, is extremely plausible."

"The temptation for presidents to meddle with the central bank to further their political aims is precisely why Congress designed the Federal Reserve to be independent. We might soon find out what happens when that independence is lost."

[Animavore]

Hoping to win a bet before the end of this year.

[Svartalf]

jf jt's about frump having a heart attack or a stroke before his first year of the term is over, I hope you win

[Animavore]

jf jt's about frump having a heart attack or a stroke before his first year of the term is over, I hope you win

Something like that.

[Tero]

https://bsky.app/profile/tero88jarvi.bs ... irr2q7p22x
The danger ICE is controlling is dangerous...grade schoolers?...and fire fighters?

[pErvinalia]

Que?

[L'Emmerdeur]

Apparently a reference to Border Patrol goons going out to an active wildfire in the boondocks to inspect the papers of firefighters and take people into custody. Impressive dedication to their mission.