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ml8ml8.bsky.social
'Oh my ears and whiskers, how late it's getting!' #finance #law #markets #economics #politics #foreignaffairs Analytical opinions. (Also on Twitter, Threads @ml8_ml8)
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This is politically the best way for Guterres to couch this.

"I need you to do me a favor though" writ large.

Did they think they wouldn't have to?

The consumer protection agency also dropped cases against four other companies including Rocket Homes.

The Trump administration has begun firing employees at the National Oceanic and Atmospheric Administration, one of the world’s premier centers for climate science.

DC U.S. Attorney Ed Martin personally asked a judge for authorization to seize funds related to a Biden administration green program. The judge said they failed to show a reasonable belief that a crime occurred. www.washingtonpost.com/dc-md-va/202...

Bitcoin fell 25% from the all-time high it set weeks ago as traders reverse bets that followed the election of US President Donald Trump

Five former defense secretaries denounced President Trump’s firing last week of the Joint Chiefs chairman and several other senior military officials, saying that the officers were “fired for purely partisan reasons” and urging Congress to hold hearings.

Shout this from the rooftops.

Astonishing that Goldman feels they have to make this statement: “We strongly believe that merit and diversity are not mutually exclusive." Yeah, no kidding.

Putin knows Trump won't be around forever, so he will move as quickly as possible to get an agreement that undermines US support for Ukraine, and that requires the US to withdraw support for Europe and NATO if they don't go along.

We're getting dumber.

One thing to keep in mind as the Trump administration moves to downsize government: The size of an agency's staff often isn't set by law. But there's a very long list of things agencies are required by law to do, and cutting the workforce doesn't make those obligations go away.

Ukraine always has "the right to fight on," the question is whether they will have the capability and the political will.

Le sigh.

Is this going to blow out the US budget? I thought the whole point of this was to keep USPS as only a quasi-governmental agency so that it's pension obligations were not on the official US budget books? Trump often floats ideas and then withdraws them when he learns about the actual consequences.

⚡️Meeting with Kellogg 'restores hope,' Zelensky says. "A meeting that restores hope, and we need strong agreements with America — agreements that will really work," President Volodymyr Zelensky said after meeting with U.S. Special Envoy Keith Kellogg.

US moves to dismiss SpaceX discrimination lawsuit https://www.ft.com/content/c69b7ac5-a7fd-49be-be41-2b12c8da1694

Trump is such a snowflake.

⚡US, Russian participants held unofficial talks on Ukraine in Switzerland, Reuters reports. Unofficial U.S. and Russian representatives have been quietly meeting in Switzerland in recent months for informal discussions regarding Ukraine, Reuters reported on Feb. 21.

Japan warns over threat from China’s chip material export controls https://www.ft.com/content/e679b887-00d8-4937-8a9d-1e2a8dd9c19a

An X account, operated by ICE Assistant Chief Counsel James Rodden, and first created in 2012, has posted hateful, xenophobic, and pro-fascist content. The Observer linked Rodden to the account through publicly available documents, other social media activity, and courtroom observation.

The vast majority of Americans are not OK with this, and Europeans need to keep at least the framework in place for the next election cycle when it could be the defining issue.

OpenAI now has 400M weekly users. I think the conversations that I still see that AI overall is not useful or just a bubble are not reflecting reality. There is a lot more importance now in discussions of how to steer the use AI to improve things (& mitigate risks) than arguing that it doesn’t work

LA Ports: Record Inbound Traffic for January www.calculatedriskblog.com/2025/02/la-p... This was a new record for imports in January, eclipsing the previous recent (Jan 2022) by 17%!

⚡️Lithuania's president unveils 6-point plan to support Ukraine, strengthen European security. "We must act now to support Ukraine and boost Europe's security. No more talk shops — time for action," Lithuanian President Gitanas Nauseda wrote on X.

FOMC Minutes: Concern about tariffs, "take time" on any additional Rate Cuts www.calculatedriskblog.com/2025/02/fomc... This sentence is the emerging view of many analysts: "A few noted, however, that the current target range for the federal funds rate may not be far above its neutral level."

California’s high-risk insurance program is getting a $1 billion bailout after the Los Angeles wildfires. The move is likely to lead to higher costs for households across the state, and may push more insurers to leave, intensifying a home insurance crisis.

The NEA will no longer fund arts programs that promote DEI or "gender ideology." The federal agency has cancelled grants that have funded programs for underserved communities for more than 20 years.

Free speech much?

Breaking News: A judge declared for the first time that the Trump White House had defied a judicial mandate by ignoring his order to release billions in grants.

President Trump on Sunday said that he would impose a 25% tariff on all foreign steel and aluminum imports into the U.S. as of Monday and would soon announce reciprocal tariffs on America’s trading partners.

DOGE's next target is the CFPB, which has returned $20B to the victims of financial fraud and abuse since 2011. Trump just fired its pro-consumer director and had his Treasury Secretary, a hedge fund manager, halt the CFPB's work. This is a coup against the American people.

🚨BIG SCOOP: Musk’s DOGE Teen Was Fired By Cybersecurity Firm for Leaking Company Secrets Edward Coristine posted online that he had retained access to the firm’s servers. Now he has access to sensitive government information. 🎁 www.bloomberg.com/news/article...

SCOOP: A US Treasury threat intelligence analysis has designated DOGE staff an ‘insider threat'. An internal email reviewed by WIRED calls DOGE staff's access to federal payments systems “the single biggest insider threat risk the Bureau of the Fiscal Service has ever faced.”

Imagine if the entire DC media was reporting on Musk and Trump with the *ferocity* and *velocity* of WIRED these past three weeks. IMAGINE what we would know now that we don’t.

Musk has sicced his followers on the WSJ writer who reported on a DOGE staffer’s racist online, history demanding her firing. This is a tactic Silicon Valley’s neoreactionaries have been advocating for years: Pick a reporter, dox and harrass, make an example of them, make everyone else afraid.

Musk gotta be loving that.