Why is Donald Trump crashing the US economy? Because he’s high on his own supply of fake news | Jonathan Freedland
Addicted to Fox News and outlets even more extreme, the president finds support and justification for actions disastrous to Americans and the world
Not content with shattering the post-1945 international order, which delivered prosperity and power to his country for eight long decades, Donald Trump is seemingly set on destroying the US economy. And he’s doing it because he, and the American right, have lost their ability to grasp reality.
Start with the economic vandalism, unfolding in real time and mesmerising to watch. For weeks, you could see the US stock market falling and falling until on Thursday the S&P index passed an unwanted milestone: it stood more than 10% down from the peak it had reached less than a month earlier, a fall that meets the Wall Street definition of a “correction”. In other words, even if the market eventually rallies, this is no blip.
Continue reading...
Read more at The Guardian
-
Donald Trump is turning America into a mafia state | Jonathan Freedland
The pattern is inescapable – with just one caveat: organised crime bosses occasionally display more honour. Behold Donald Corleone, the US president who behaves like a mafia boss – but without the ...The Guardian - Mar. 7 -
Donald Trump Jr: championing the Maga economy
ESG and DEI are out as the US president’s son makes lucrative investments that align with his father’s vision of AmericaFinancial Times - 2d -
'No pain, no gain’ is the motto of the new Trump economy
Why should the world’s biggest economy be treated unfairly?The Hill - 1d -
The US economy is heading for recession
Donald Trump’s policy agenda is sapping American animal spiritsFinancial Times - 5d -
It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis | Jonathan Portes
Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination. What connects Donald Trump’s approach to trade, ...The Guardian - 2d -
Donald Trump's son Eric holds talks with John Swinney
Eric Trump is a senior executive in his father's business - the Trump Organisation - which owns golf resorts in Ayrshire and Aberdeenshire.BBC News - 1d -
Donald Trump bets propel Michael Platt’s BlueCrest to 15% gain
Hedge fund turned family office eclipses rivals with currency and bond wagers on a slowing US economyFinancial Times - 4d -
Iran is riven with conflict. Donald Trump’s offer of talks won’t ease it
With internal politics at their most unstable for years, the risk of escalation is rising. The letter the US president, Donald Trump, says he sent to Iran’s leadership offering to reopen talks on ...The Guardian - 5d -
Trump's Canada, Mexico tariffs try to 'stop the bleeding' in US economy: UAW chief
President Donald Trump's tariffs on Canada and Mexico "are an attempt to stop the bleeding" in the U.S. economy, United Auto Workers President Shawn Fain said.ABC News - 4d
More from The Guardian
-
Putin praises Trump for ‘doing everything’ to improve US-Russia relations
Putin responds to Trump’s appeal to save ‘surrounded’ Ukrainian soldiers in Kursk though there is no evidence of encirclement. Russia-Ukraine war – latest news updates Vladimir Putin has ...The Guardian - 4h -
Senate advances Republican stopgap spending bill with Democrat help – US politics live
Bill to avert a partial government shutdown has narrowly cleared a key procedural hurdle. Democrats help advance Republican funding bill to avoid US shutdown Danish foreign minister Lars ...The Guardian - 23m -
Pro-Israel group says it has ‘deportation list’ and has sent ‘thousands’ of names to Trump officials
Betar US is among far-right groups supporting Trump effort to deport students involved in pro-Palestinian protests. A far-right group that claimed credit for the arrest of a Palestinian activist ...The Guardian - 6h -
Primordial surf: ‘microlightning’ in mist may have sparked life on Earth, study finds
Tiny lightning streaks in fine spray can power chemical reactions that generate molecules for life, scientists say. Charles Darwin thought it started in a warm pond. Others point to comets that ...The Guardian - 3h -
Canada ‘will never be part of the US’, says new PM Mark Carney amid trade war
Former Bank of Canada and Bank of England governor sworn in and expected to call election soon. Mark Carney has said Canada will never be part of the US, after being sworn in as the country’s 24th ...The Guardian - 2h
More in World
-
Senate advances Republican stopgap spending bill with Democrat help – US politics live
Bill to avert a partial government shutdown has narrowly cleared a key procedural hurdle. Democrats help advance Republican funding bill to avoid US shutdown Danish foreign minister Lars ...The Guardian - 23m -
Pioneer fintech firm Klarna sees revenue boost as it eyes US stock market listing
Swedish company’s valuation jumped 24% in 2024 as ‘buy now, pay later’ market is projected to top $160bn by 2032. Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in 2024 ...The Guardian - 31m -
North Sea collision: Russian container ship captain charged with manslaughter
Vladimir Motin was in charge of the Solong when it hit a tanker off East Yorkshire coast, leaving one man dead. The master of the container ship the Solong, which crashed into another vessel in the ...The Guardian - 38m -
Mark Carney Becomes Canada’s Prime Minister at Crucial Moment
Mark Carney, a central banker turned politician, steps into his role at a crucial moment as President Trump sets his sights on Canada’s sovereignty and keeps threatening more tariffs.The New York Times - 41m -
The People Whose Children Were Killed in Duterte’s Drug War
For many Filipinos, Rodrigo Duterte’s transfer to the International Criminal Court was a milestone in their quest for justice. But some were conflicted.The New York Times - 50m