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jdwills.bsky.social
Question boldly, think responsibly, live honestly.
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The 19 richest U.S. households saw a $1 trillion wealth increase in 2024, a rise that exceeds the size of Switzerland’s economy. These 19 households now control $2.6 trillion in wealth — almost as much wealth as the bottom 50% of American households. Tax the rich.

Prime Minister Mark Carney’s Liberals were set to win a federal election Monday, the Canadian Broadcasting Corp. projected, in an extraordinary comeback that was fueled in part by President Donald Trump’s tariff policies and attacks on Canada. wapo.st/4iwDZnD

Our cover this week.

Paul Revere 2025: “The British aren’t coming and nor are the Europeans or Canadians….”

President Donald Trump has directed his attorney general to investigate fundraising platforms such as ActBlue, the central fundraising apparatus of the Democratic Party — escalating his effort to use his powers to target his political opponents and the core machinery of the opposition party.

Major stakeholders are in the dark about why certain products face tariffs and others don’t. Trump administration officials have given conflicting messages about the tariffs or have declined to answer questions at all. By @robert-faturechi.bsky.social

"A man can fail many times, but he isn't a failure until he begins to blame somebody else." - John Burroughs

In this Sunday edition of BI Today, we're talking about Trump's push to bring back manufacturing, and Americans' disinterest in it.

BREAKING: The Consumer Financial Protection Bureau is firing 1,500 workers, and will soon have only about 200 remaining. That means the CFPB will be largely unable to carry out its mission of overseeing financial institutions and regulating companies that scam consumers.

The real threat to American jobs…

jwills.substack.com/p/beyond-pen...

NO debt reduction talks that hurt middle-class and retired Americans while you have the top 1% in this country with such gross wealth. Everyone should pay something. Everyone. But the rich should be paying a lot more in federal income taxes before we even start talking about program cuts.

The Senate voted Thursday to strike down a rule capping most bank overdraft fees at $5, a measure adopted late last year by the Consumer Financial Protection Bureau that had been expected to save Americans billions of dollars per year.

Nails it.

stocks.apple.com/AW0DqitwQRgG...

All you need to know about Twitter

In @nytopinion.nytimes.com The most effective way to protect the American system of checks and balances starts with courage from more people who believe in it, the New York Times editorial board writes.

A friend drove two hours today for her breast cancer chemotherapy only to learn it was canceled due to NIH cuts. Clinical trial ended midstream. No treatment, no restart, no plan, no information. Her bro-in-law's chemo was also canceled.

Musk claims Social Security is a "gigantic magnet to attract illegal immigrants." In fact, immigrants here illegally do not collect Social Security. But they pay $25.7 billion a year into it, a recent study found, so these undocumented workers are actually subsidizing Americans.

One of my companies informed me they cancelled a $2m conference in Florida. Why ? They didn’t feel they could pass on the incremental cost of tariffs. So they are cutting expenses. That’s a city that lost a ton of tourism revenue. The cost of tariffs isn’t just the cost of the tariff

US employers cut more jobs last month than any February since 2009, new data shows, fueled by the Trump administration's federal layoffs.

Just restating the simple point: President lacks the constitutional authority to close a department created by Congress. Full stop. Both the creation and on-going funding of these Depts are LAWS not suggestions. This is criminal conduct. www.wsj.com/politics/pol... via @WSJ

💯❗️ Make your voice heard! Call your Congressman!

love this @rokhanna.bsky.social We need more proposals like this that co-opt the chaos Please share off line as well !!!

News Analysis: The GOP won the last election in no small part because of its new appeal with working-class voters. But the economic agenda Republicans are now putting together would by and large help rich Americans, all while teeing up cuts to programs that provide health care and food to the poor.

Those rumors that the Trump/Elon superfan running the Social Security Admin will announce cutting 50% of the staff are apparently true. talkingpointsmemo.com/edblog/50-cu...

A Southwest Airlines plane nearly collided with a business jet at Chicago Midway International Airport Tuesday morning, the latest in a string of episodes that have raised questions about aviation safety

🇺🇸

DANCE FOR ME, PEASANTS! DANCE!

👇

That’s how you write a headline, people.

NEW: Georgia’s governor promotes his Medicaid work requirement as a national model for reform. Yet the program has cost taxpayers $86M, three-quarters of which has gone to consultants, and enrolled less than 3% of the quarter-million Georgians eligible.

Along with his unfunded tax cuts the debt this will create will be staggering. Republicans are the party of debt and deficits. This is just plain reckless. www.cnbc.com/2025/02/18/t...

US companies falling behind on loans at fastest pace in almost a decade https://www.ft.com/content/3a9f63e8-82e7-4a68-8146-c35fff1bce7d

“The Trump administration has started firing hundreds of Federal Aviation Administration probationary employees who maintain critical air traffic control infrastructure, according to their union.” cnn.it/40W8a0S

Top-ranking officials with the CDC, the HHS subagency that oversees the program, told CBS News that the cuts would have a devastating effect on the country’s ability to assess blooming diseases.

Apple has begun advertising on X again. Given all that’s happening and all the fear that’s spreading, I’m beyond disappointed.

open.substack.com/pub/hwbrands...

Breaking News: The Trump administration fired FEMA officials after Elon Musk misleadingly claimed the agency used disaster relief funds for migrant shelters.

Representation without taxation for a handful of billionaires, taxation without representation for the rest of us.

I recall inflation over 2% being the most important issue in American history, but now that consumers expect 4.3% inflation over the next year (highest since Nov 2023) and the bond market expects 2.57% inflation over 5 years (highest since Mar 2023), it's no biggie.

I've written for years that we should be more forgiving of old social media posts. Otherwise, we freeze people in the worst versions of themselves. But when the ugly posts are from the last *half-year*, that's obviously not old news: that's evidence of a person who needs to change!

“AG Pam Bondi ordered a halt to a years-old federal law enforcement effort to combat secret influence campaigns by China, Russia & other adversaries that try to curry favor & sow chaos in U.S. politics.” www.nbcwashington.com/news/nationa...

The White House ordered the CIA to send an unclassified email listing all employees hired by the spy agency over the last two years to comply with an executive order to shrink the federal work force, in a move that former officials say risked the list leaking to adversaries.