Aug 1, 2025 (193/1461)
Tariff Turbulence is again upon us. TOM has gotten the stock market all got n bothered with the latest threats and random dart-thrown numbers. “U.S. stocks slumped on Friday, with the S&P on track for its biggest daily percentage decline in more than three months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure. Just hours before the tariff deadline on Friday, President Donald Trump signed an executive order imposing duties on U.S. imports from countries, including Canada, Brazil, India and Taiwan, in his latest round of levies as countries attempted to seek ways to reach better deals. Further denting confidence in the economic picture, data showed U.S. job growth slowed more than expected in July while the prior month's report was revised sharply lower, indicating the labor market may be starting to crack.”
TOMs reaction to the bad job market data? This should not surprise anyone. Yet still I find it shocking. Kill the messenger. “President Donald Trump on Friday called for the firing of the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported.
Trump in a post on his social media platform alleged that the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former President Joe Biden, should be fired. “I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,” Trump said on Truth Social. “She will be replaced with someone much more competent and qualified.”
Friday’s jobs report showed that just 73,000 jobs were added last month and that 258,000 fewer jobs were created in May and June than previously estimated.” Just keep firing people until they give you the fake data and made up numbers you want to see, Mr Dictator Autocrat.
Say night night to Bert and Ernie, Big Bird, and Oscar. TOMs warfare against anything but right wing, MAGA-spewing “news” has led to the shuttering of the Corp for Public Broadcasting. Did you see the Public part of that name? This was for everyone. Not for one group, one sector, one mind. All of us. “The demise of the corporation, known as CPB, is a direct result of President Donald Trump’s targeting of public media, which he has repeatedly said is spreading political and cultural views antithetical to those the United States should be espousing. The closure is expected to have a profound impact on the journalistic and cultural landscape — in particular, public radio and TV stations in small communities across the United States. CPB helps fund both PBS and NPR.
The corporation also has deep ties to much of the nation’s most familiar programming, from NPR’s “All Things Considered” to, historically, “Sesame Street,” “Mister Rogers’ Neighborhood” and the documentaries of Ken Burns.” Sixty years. And one pens stroke and a lot of paranoia later, no more. “CPB said it informed employees Friday that most staff positions will end with the fiscal year on Sept. 30. It said a small transition team will stay in place until January to finish any remaining work — including, it said, “ensuring continuity for music rights and royalties that remain essential to the public media system.” That ought to help out those great employment numbers come October.
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