Some things catching my attention in the week’s news…

I enjoy Ali’s regular offering, Peace & Justice History. Posted every day on Scottie’s Playground, the post provides a high-level recap of the day in history in the realm of peace, law, and justice. I like it as a reminder of the history which has gone before. While there is sometimes a sinking sensation that history is part of a wash cycle, and we’re going through the spin and rinse once again, reading about others stands against war and for justice and human dignity can inspire and fuel my need for optimism.

Infidel753 provided a good overview of the Bond market and the huge implications for the U.S. when our bonds fall out of favor. As several have suggested, the bond market drop probably caused the pause in Trump’s wacky tariff scheme.

“The sale of Treasury bonds is how the US government borrows money.  A bond’s value at maturity is fixed; its initial sale price is lower and is determined by supply and demand, with the difference between sale price and maturity value being the interest paid by the government to the investor.  For example, if a bond is worth $100 at maturity, and you buy it for $95, then the $5 difference is the interest you get on the investment, effectively paid to you by the government.  If you are less confident that the bond is a good investment, and you pay only $90, then your return is $10 when the bond matures, and the government is having to pay twice as much interest to borrow the money from you.  In practice, the sale price of Treasury bonds is set by supply and demand and reflects investors’ collective level of confidence in the US economy at any given moment.“

“The reason this matters for the future of Trump’s befuddled trade and foreign policy is that huge quantities of US bonds are owned by foreign governments.  Japan holds over a trillion dollars worth of them, China holds $760 billion, the UK holds $720 billion, Canada holds $380 billion, and many others also hold substantial amounts.  Even by the standards of the US federal budget, these are very large amounts of money.  And these governments have now learned that turmoil in the bond market can get Trump to back down even when nothing else can.“

Some hope was found that the Roberts Court finally, finally, took a stronger stance against the Trump Regime’s mass deportation scheme, the one that pretends that due process has no place in the U.S. no matter what the Constitution and legal precedence says. Jennifer Rubin at The Contrarian gave a concise summary of the latest ruling. Now we all wait to see what happens next. I haven’t perused the news yet, but something else may have already happened. Whatever else, the Trump Regime is an evil and diabolical machine in its pursuit of unlawfully getting people out of the country.

Milwaukee, Wisconsin is coping with lead paint in its schools. The Biden administration was working with them to help them out of this mess. Isn’t working for the common welfare one reason for the Federal government’s existence? But under the Trump Regime, the CDC experts who were going to help Milwaukee have been fired. And, the Trump Regime told them that it’s declining their request for help. I’m sure that Milwaukee citizens are probably wondering, why the fuck are we paying taxes, then. I know that would be my reaction. Not sure how this fits, but Wisconsin was a swing state that went for Trump while Milwaukee went for Harris.

A confusing piece was in The Hill. Trump on egg costs: ‘If anything, the prices are getting too low’. It was a real head-scratching read.

‘President Trump weighed in on the cost of eggs around the country, claiming Friday at the White House that the prices are “getting too low.”

‘Trump praised Agriculture Secretary Brooke Rollins for doing a “great” job and then asserted that egg prices are “down 87 percent, but nobody talks about that.”’  

“Bullshit,” my wife said. “I just bought eggs. They’re not down ’87 percent’. If that’s right, why are they still so expensive in Oregon?”

Yes, it’s something else to ponder.