It's hard to escape the conclusion that Trump intends to crash the US economy (and, as the saying goes, when the US sneezes, the world catches cold) and the world economy, for selfish reasons of his and his billionaire backers!
His pick for head of the IRS seems to back up this conclusion! 19 mins long.
What we (us bottom feeders) should be doing is talking about ways we can somehow weather the coming storm!
Why on earth do you think that this is Trump's intention and how do you expect him to gain by doing so?
There was no evidence from his first term of any such intention and certainly no evidence of it happening. After all, until the advent of Covid 19 which hit in the second quarter of 2020, the US economy was going along very nicely. The unemployment rate, which had been declining steadily since 2010, continued to drop from about 4.7% in January 2016 to about 3.6% in January 2020. It then rose with the advent of Covid. For three years however it had dropped steadily. If Trump didn't crash the economy in his first term why should he do it now? It is hard to see how he could possibly gain by such a move.
What happens in 48 hours? He doesn't become President until 20th January.
I'm not greatly concerned by whatever might happen to the economy. That said I expect that Trump will be in it to make sure that he gets to be very, very rich. Why should Musk be so much richer than Trump? That is a problem for the people of the US though, even if it won't change things for most of them. After all, even if Trump ends up with a couple of hundred billion It isn't really that much in an economy as large as that of the US.
What scares me about him is that he might pull out of NATO, or the WHO or OPEC. I really don't want to think about what Putin might do in the Eastern states of NATO or in Ukraine if Trump decides that Putin can do anything he likes as far as the US is concerned.
Right you are alwyn. My general sentiments too. What I find so ironic is that the section of the population that is likely to be the big losers voted for him. On that basis that get what they deserve.
Billionaires and multi-millionaires with ready cash do very well out of a crash! John Paul Getty spent the 30th October 1929 buying stock on Wall Street!
Trump only cares about himself and his billionaire backers!
He wouldn't have been a very happy man if that was the case and he hung on to the shares you suggest he bought,
The Dow-Jones average in November 1929 was 238.95. It bottomed out in June 1932 when it was at 42.84. If he had bought shares that matched the index he would have lost 82% of his money.
That is, the shares he spent a dollar on on 30 October 1929 would have dropped to 18 cents in June 1932. Would you say that was doing very well out of a crash?
"Some $24 million in fines for environmental offences have been dished out over the past 10 years, but an unknown chunk of that will never be paid because court staff have decided to remit it.
The fines were imposed for a variety of relatively minor to major environmental offending, following 566 prosecutions by 16 regional councils or territorial authorities under the Resource Management Act."
When I worked with Environmental Law I had access to the regular digest of Environment Court decisions and I was amazed at the frequency of prosecutions of farming companies for repeated breaches of the regulations relating to pollution of land and water. Prosecution was the last resort – not the first, and these offences were repeated several times.
Like wage theft – the Limited Liability Company legislation allows exploiters and polluters the ability to get away with criminality – and others (in these cases the Ratepayers) meet the costs.
The ICC has issued warrants for Netanyahu and Gallant – for crimes against humanity and war crimes (there has been no determination of genocide).
On Thursday, the International Criminal Court (ICC) announced it had issued arrest warrants for Benjamin Netanyahu, the Prime Minister of Israel, and Yoav Gallant, the former defense minister, in connection with alleged crimes committed in the ongoing armed conflict between Israel and Hamas.
In doing so, the Court rejected as premature Israel’s challenge to the Court’s jurisdiction.
The Court’s decision to issue a warrant for the sitting Prime Minister of a state, which is notably not a party to the Rome Statute, also demonstrates the Court’s embrace of its prior controversial decision on immunity, namely that customary international law does not provide immunity for heads of state from criminal prosecution in international criminal courts, or at least not before the International Criminal Court.
This position could be a source of tension for those states that support a customary international law rule providing head of state immunity before international tribunals, but are also bound by treaty to comply with the Court’s warrants and requests for arrest.
The position of nation states on this matter.
we have used the following categories of statement:
Political support and support for compliance
Compliance alone
Political support alone
Non-committal
Critique on policy grounds
Critique on only legal grounds and/or suggest non-compliance
Critique on both policy and legal grounds and/or suggest non-compliance
New Zealand is seen as compliance alone. Australia as non- committal.
Short answer, yes, just like the current all previous Cook Strait ferries.
Ferry sailings that are cancelled due to the weather will be mainly due to comfort and safety of the passengers. The most hazardous part of the journey is the entrance to Tory channel, which can be bypassed by Queen Charlotte sound should the weather conditions be too bad. Unless you really are a seasoned sailor, the Cook Strait is very unpleasant in the weather we have in Wellington today.
Okay I do understand where you’re coming from. Yes a much larger ship with the latest stabilisation technology will be more comfortable for passengers than the current ships, but only when sailing into the sea. Sailing from Wellington harbour to Tory channel, ships are beam on to the sea. Depending on wind direction, speed, tides and differing weather systems in the Pacific Ocean and Tasman sea, the passage across the Cook Strait is pretty tricky due to the very rough and unpredictable swells. Ships can handle the conditions, up to a point, but the comfort and safety passengers will be a priority.
Ships are like planes. Larger planes can handle poor weather better. Eg in crosswind landings the threshold of wind speed is higher for large planes than smaller.
Not quite, irrespective of how large or modern the ship is sailing beam on to the sea is uncomfortable at best. Ocean going ships will change their course to sail into the sea. This is not an option when crossing cook strait.
The other issue with cook strait is the unpredictable undersea currents, along with tides and winds. The weather conditions today makes for unpredictable seas, usually in rough seas you get a feel for the conditions and can see changes in the waves and can spot the larger wave, and sailing into the sea it’s not really a problem. In the cook strait you are sailing beam on to the sea, and can get hit by unexpected waves, if the conditions are bad enough ships can get swamped by the waves.
The next problem is the entrance to Tory channel, it’s very narrow and does require fairly precise navigation. Considering today’s weather, I’d happily take landing at Wellington airport, before taking a ferry crossing.
The near run-up to the Tory channel is not such a problem, in my experience
Much less affected by southerly swells than Wellington Harbour entrance by a long shot.
If a wider beam ferry lifts the tolerable average swell height with a beam-on sea running by only a metre, that's going to reduce the number of cancellations a lot.
Meantime – check out what Willis and the CoC has deprived us of . . . .
KiwiRail's new Interislander ferry explained. 21 Jun, 2023 05:00 AM
An in depth look at KiwiRail's new Inter-islander ferry. Video / iRex
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After 23 years following a black line at the bottom of a swimming pool, Aquablack and Olympian Helena Gasson has retired from competitive swimming on her terms.She now wants to share her expertise and give back to the sport after being the only New Zealander to compete at an Oceania ...
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Prime Minister Christoper Luxon has turned Finance Minister Nicola Willis into a ‘super minister’ by adding the rebranded economic portfolio to her plate and bolstering her ability to implement change.Luxon announced his decision to appoint Nicola Willis to the role of Minister for Economic Growth as part of a wider ...
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After sitting on the back benches as an MP for five terms, Lee was given the ethnic communities, economic development, and media and communications portfolios after the coalition government won the 2023 election. Lee was demoted from Cabinet in April last year, with Luxon stripping her of the media and ...
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It's hard to escape the conclusion that Trump intends to crash the US economy (and, as the saying goes, when the US sneezes, the world catches cold) and the world economy, for selfish reasons of his and his billionaire backers!
His pick for head of the IRS seems to back up this conclusion! 19 mins long.
What we (us bottom feeders) should be doing is talking about ways we can somehow weather the coming storm!
"Trump intends to crash the US economy".
Why on earth do you think that this is Trump's intention and how do you expect him to gain by doing so?
There was no evidence from his first term of any such intention and certainly no evidence of it happening. After all, until the advent of Covid 19 which hit in the second quarter of 2020, the US economy was going along very nicely. The unemployment rate, which had been declining steadily since 2010, continued to drop from about 4.7% in January 2016 to about 3.6% in January 2020. It then rose with the advent of Covid. For three years however it had dropped steadily. If Trump didn't crash the economy in his first term why should he do it now? It is hard to see how he could possibly gain by such a move.
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
The
It will be particularly annoying if Trump actually does a good job.
In just 48 hours we'll start to find out.
If anyone can do a good job with that selection of nominees to Cabinet …
It's basically a rejection of the need for a CV to demonstrate suitability for the job.
48 hours?
No it won't. For the sake of all Americans (poor, rich, old, young, workers, artists) I hope he does a great job. And peace doe Ukraine.
What happens in 48 hours? He doesn't become President until 20th January.
I'm not greatly concerned by whatever might happen to the economy. That said I expect that Trump will be in it to make sure that he gets to be very, very rich. Why should Musk be so much richer than Trump? That is a problem for the people of the US though, even if it won't change things for most of them. After all, even if Trump ends up with a couple of hundred billion It isn't really that much in an economy as large as that of the US.
What scares me about him is that he might pull out of NATO, or the WHO or OPEC. I really don't want to think about what Putin might do in the Eastern states of NATO or in Ukraine if Trump decides that Putin can do anything he likes as far as the US is concerned.
USA is not part of OPEC, nor OPEC+.
Sorry. Fat fingers. I meant APEC not OPEC.
Please get a QWERTY keyboard ASAP.
Actually I am using an AZERTY keyboard at the moment. It suits my current needs better.
Right you are alwyn. My general sentiments too. What I find so ironic is that the section of the population that is likely to be the big losers voted for him. On that basis that get what they deserve.
Billionaires and multi-millionaires with ready cash do very well out of a crash! John Paul Getty spent the 30th October 1929 buying stock on Wall Street!
Trump only cares about himself and his billionaire backers!
But . . . time will tell!
He wouldn't have been a very happy man if that was the case and he hung on to the shares you suggest he bought,
The Dow-Jones average in November 1929 was 238.95. It bottomed out in June 1932 when it was at 42.84. If he had bought shares that matched the index he would have lost 82% of his money.
That is, the shares he spent a dollar on on 30 October 1929 would have dropped to 18 cents in June 1932. Would you say that was doing very well out of a crash?
Ah, a literal mind!
Getty bought up big in oil and transport stocks during the 1929 crash – maybe just not the day after!
The point remains – even if you refuse to see it – cashed up people do well in a crash!
The 'Trump Train'?
Seems to me, more like a Clown Car
Clowns role are to distract the audience when things go wrong so clown school is about to commence.
How to despoil the environment and get away with it.
https://www.stuff.co.nz/nz-news/360518645/fines-environmental-offending-never-get-paid
"Some $24 million in fines for environmental offences have been dished out over the past 10 years, but an unknown chunk of that will never be paid because court staff have decided to remit it.
The fines were imposed for a variety of relatively minor to major environmental offending, following 566 prosecutions by 16 regional councils or territorial authorities under the Resource Management Act."
When I worked with Environmental Law I had access to the regular digest of Environment Court decisions and I was amazed at the frequency of prosecutions of farming companies for repeated breaches of the regulations relating to pollution of land and water. Prosecution was the last resort – not the first, and these offences were repeated several times.
Like wage theft – the Limited Liability Company legislation allows exploiters and polluters the ability to get away with criminality – and others (in these cases the Ratepayers) meet the costs.
The ICC has issued warrants for Netanyahu and Gallant – for crimes against humanity and war crimes (there has been no determination of genocide).
The position of nation states on this matter.
New Zealand is seen as compliance alone. Australia as non- committal.
https://www.justsecurity.org/105064/mapping-state-reactions-icc/
The US will either threaten the ICC or ignore it, because it doesn't accord with the rules based order.
They didn't get much done about Ḥarakat al-Muqāwamah al-ʾIslāmiyyah either as far as I can see.
A question for the sailors. Would the ferries the previous government had on order, cope with the current Cook Strait weather?
Short answer, yes, just like the current all previous Cook Strait ferries.
Ferry sailings that are cancelled due to the weather will be mainly due to comfort and safety of the passengers. The most hazardous part of the journey is the entrance to Tory channel, which can be bypassed by Queen Charlotte sound should the weather conditions be too bad. Unless you really are a seasoned sailor, the Cook Strait is very unpleasant in the weather we have in Wellington today.
Were the new ferries not to be larger and more stable. Thus capable of coping with bigger seas?
Okay I do understand where you’re coming from. Yes a much larger ship with the latest stabilisation technology will be more comfortable for passengers than the current ships, but only when sailing into the sea. Sailing from Wellington harbour to Tory channel, ships are beam on to the sea. Depending on wind direction, speed, tides and differing weather systems in the Pacific Ocean and Tasman sea, the passage across the Cook Strait is pretty tricky due to the very rough and unpredictable swells. Ships can handle the conditions, up to a point, but the comfort and safety passengers will be a priority.
Ships are like planes. Larger planes can handle poor weather better. Eg in crosswind landings the threshold of wind speed is higher for large planes than smaller.
Thanks for that.
So, short of ocean going craft, there will always be issues.
Not quite, irrespective of how large or modern the ship is sailing beam on to the sea is uncomfortable at best. Ocean going ships will change their course to sail into the sea. This is not an option when crossing cook strait.
The other issue with cook strait is the unpredictable undersea currents, along with tides and winds. The weather conditions today makes for unpredictable seas, usually in rough seas you get a feel for the conditions and can see changes in the waves and can spot the larger wave, and sailing into the sea it’s not really a problem. In the cook strait you are sailing beam on to the sea, and can get hit by unexpected waves, if the conditions are bad enough ships can get swamped by the waves.
The next problem is the entrance to Tory channel, it’s very narrow and does require fairly precise navigation. Considering today’s weather, I’d happily take landing at Wellington airport, before taking a ferry crossing.
The near run-up to the Tory channel is not such a problem, in my experience
Much less affected by southerly swells than Wellington Harbour entrance by a long shot.
If a wider beam ferry lifts the tolerable average swell height with a beam-on sea running by only a metre, that's going to reduce the number of cancellations a lot.
Meantime – check out what Willis and the CoC has deprived us of . . . .
KiwiRail's new Interislander ferry explained. 21 Jun, 2023 05:00 AM
https://www.nzherald.co.nz/video/kiwirails-new-interislander-ferry-explained/FJPTEV5KNIOUAK3W6CWQXCJTP4/
Not just here, folks:
https://www.theguardian.com/uk-news/2025/jan/05/eyewatering-100m-spent-on-repairs-in-scotlands-ferry-fiasco-over-past-decade