Economy..

 

Pain..

 

Stephen Moore , a former senior economic adviser to President Donald Trump , revealed he’s “lost a lot of money” this week thanks to Trump’s tariffs. But, he said, they will be worth the pain.

Trump announced major across-the-board tariffs on Wednesday, prompting stocks to crater the past two trading sessions. Virtually all imports will be tariffed at least 10%, though dozens of countries’ exports to the U.S. will face dramatically higher tariffs. Additionally, all automobile imports are subject to a 25% tariff. To justify the measures, Trump used a strange calculation to falsely claim U.S. trading partners are levying massive tariffs of their own.

Comment:

Can anyone foresee when the pain of this one action iin the beginning of Trump's administrations will be over? Is it a month, months, or years.   

Just a thought 

Ships..

CNN reported on Friday that the total cost of the US military’s operation against the Iran-backed Houthi militants in Yemen is nearing $1 billion in just under three weeks, according to three people briefed on the campaign, but the attacks had so far had limited impact on destroying the group’s capabilities.

“We are burning through readiness — munitions, fuel, deployment time,” said one official.

Far from being cowed, the Houthis have threatened to extend their range of targets to the UAE, which backs the rival government to the Houthis in Yemen’s Civil War. Similarly, Saudi officials say the Kingdom’s air defenses are on high alert.

Comment:

The US and other European navy military have been bombing the Houthis for years by now. Any success? What is the cost so far? Is there a different way to resolve this issue?  

May be Egypt can pay the Houthis for serving the ships going through the Red Sea and the Swiss Canal? Less killing, less spending, and more benefit to both countries and the World's Ships.     Just a thought.

Digest..

Turkish Foreign Minister Hakan Fidan told Reuters on Friday that any potential peace agreement between Ukraine and Russia would be "difficult to digest" but would still be better than the alternative of more death and destruction.

Turkey, a NATO member, has maintained cordial ties with both Kyiv and Moscow since Russia's full-scale invasion of Ukraine in 2022. It has voiced support for Ukraine's territorial integrity and provided it with military help, while opposing sanctions on Russia.

"It will be extremely difficult to digest any proposal," Fidan said. "But when we look at the other option, which is more death and destruction, I think whatever the conditions that we have... will be more reasonable" than the alternative.

Danger..

The wife of a recently retired Green Beret who disappeared in late January is accused of killing and dismembering him after he told her he wanted a divorce, authorities in North Carolina said.  

Shana Cloud, 50, was denied bond Monday after she was charged with first-degree murder and concealment of death in the killing of Clinton Bonnell, 50, court records show.  

Bonnell’s remains were discovered in a body of water in a rural area southeast of Fayetteville in February, the Cumberland County Sheriff’s Office said in a statement. DNA testing confirmed the remains were those of Bonnell last week, according to the statement.  

West said authorities gathered digital and video evidence alleged to link Cloud to the area where the torso was found, the station reported.  

Shana Cloud’s attorney, James McRae Jr., told reporters that she is innocent and looks forward to her day in court.

Term..

 

Off..

 

What's New..

 

We Are..

 

Con..

Dealmakers have little sympathy for Charlie Javice, the startup founder who was convicted last week of tricking JPMorgan Chase into buying her startup. 

Javice, who just turned 33 last month, faces years in prison after a jury found her guilty of multiple counts of fraud. 

One venture executive said they would’ve been shocked if a jury had acquitted Javice. “This was an open-and-shut case…[Javice] created fake customers and left a clear paper trail!.”  

 But even as the Wall Street community concludes Javice got what she deserved, some are asking how she was able to con JPMorgan Chase—a giant and sophisticated bank with an army of top-notch lawyers—in the first place.