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Trump Backs Off and Markets Rise

Wednesday, April 23, 2025

SOCIAL MEDIA ECONOMIST: Stocks rebounded yesterday after President Trump said he has no plans to fire Federal Reserve Chairman Jerome Powell for being slow to cut interest rates.   Investors were also encouraged by Trump’s announcement that the 145 percent tariffs on …

Trump Scares Investors Again

Tuesday, April 22, 2025

THE SOCIAL MEDIA ECONOMIST: The death of pope Francis yesterday overshadowed what would have been the US news of the day … all three major stock indexes closed down sharply after President Trump in a social media post called Federal Reserve …

Pope Francis Dead at 88

Monday, April 21, 2025

CONVOCATION: Less than 24 hours after offering Easter blessings and meeting with Vice President JD Vance, Pope Francis died this morning in Rome at age 88, the Vatican announced.    Originally from Argentina, Francis was the first Jesuit and Latin American pope. …

Senator Meets Deported Prisoner

Friday, April 18, 2025

DUE PROCESS: Maryland Sen. Senator Chris Van Hollen met yesterday in a hotel lobby with  Kilmar Abrego Garcia, the Maryland resident wrongfully deported to prison in El Salvador last month.    Van Hollen, a Democratic a member of the Senate Foreign Relations Committee, shared …

Stocks Dive on Economic Prediction

Thursday, April 17, 2025

THE TARIFF ECONOMY: Stocks took another swan dive yesterday following remarks by Federal Reserve Chair Jerome Powell that President Trump’s global trade war might cause inflation, slow economic growth, and bring unemployment.   With Trump’s up and down, on-again off-again tariffs on imports, “Markets …

The Judge is Getting Angry

Wednesday, April 16, 2025

DEPORTATION SHOWDOWN: A federal judge rebuked the Trump administration for doing “nothing” to arrange the return a Maryland man wrongly flown to prison in El Salvador, and set in motion what could be a constitutional clash between the courts and the …

Harvard Fights Trump

Tuesday, April 15, 2025

HARVARD HOLDS SWAY: Harvard University rejected demands by the Trump administration to make changes in academics and administration under threat of losing hundreds of millions of dollars in federal funding. It’s the first of at least seven universities to tell Trump to …

Fiery Attack on Pennsylvania Governor

Monday, April 14, 2025

ARSON ATTACK: Police in Pennsylvania arrested a suspect in the arson attack that heavily damaged the governor’s mansion overnight Saturday while Gov. Josh Shapiro and his family were asleep. No one was injured.   Shapiro, his wife, and four children were awakened …

Crazy Like a Fox or Just Crazy

Saturday, April 12, 2025

PRIDE GOETH BEFORE:  The Dow Jones jumped more than 600 points late in yesterday on optimism that the Trump administration might make a trade deal with China. The day had started with China raising its tariff on US imports to a whopping …

China Raises Tariffs to 125 %

Friday, April 11, 2025

WHAT GOES UP: Rather than get on the phone to negotiate, China today raised its tariff on US imports to 125 percent, deepening the trade crisis created by President Trump.    A Chinese spokesman said his country will not back down and …