Tag Archives: President Richard Nixon

Daily Beast: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA

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The president is looking for a new Fed chair who is “unstintingly loyal.”

The U.S. dollar plunged Thursday to a three-year low after word got out that President Donald Trump is plotting to announce a MAGA-friendly Federal Reserve chair as early as this summer.

Peeved at Federal Reserve Chair Jerome Powell’s refusal to slash interest rates, Trump has unleashed blistering attacks against the banker, calling him the “WORST” and a “dummy” who is “costing America $Billions.”

Trump Crashes Dollar With Plan to Turn Federal Reserve MAGA
The president is looking for a new Fed chair who is “unstintingly loyal.”

https://www.thedailybeast.com/trump-sends-dollar-plunging-with-plan-to-turn-federal-reserve-maga

CNBC: Trump authorizes deploying 2,000 more National Guard troops to LA

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  • President Donald Trump has authorized the deployment of another 2,000 National Guard troops to Los Angeles.
  • About 700 U.S. Marines were mobilized to support the California National Guard to protect federal personnel and property in Los Angeles.
  • Trump said that he would support arresting California Gov. Gavin Newsom for purported obstruction of federal immigration enforcement actions in LA.
  • Newsom and state Attorney General Rob Bonta sued Trump and Defense Secretary Pete Hegseth for deploying National Guard troops to deal with protests in LA.
Trump authorizes deploying 2,000 more National Guard troops to LA
President Donald Trump is “unhinged right now,” said Gov. Gavin Newsom said, arguing that federalizing National Guard troops for the protests was illegal.

https://www.cnbc.com/2025/06/09/trump-sued-national-guard-la-california-newsom.html

Alternet: Trump doesn’t just think of himself as the president | Opinion

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The American Revolution was a result of the tyranny experienced by colonists under the British monarchy. Many Americans had fled from Europe where they had been persecuted under the rule of powerful monarchs. The government produced by the revolution was designed to ensure no such tyranny could be reproduced in the newly formed United States.

The framers of the constitution created a checks-and-balances system of government to ensure that no single branch of the federal government (executive, judicial or legislative) could dominate the others. Each branch has powers to curtail or empower the others.

However, some Americans are concerned about a return of absolute rule due to the steps taken by Donald Trump’s second administration. This has sparked around 100 “no kings” protests all over the US, organised to coincide with Trump’s birthday on June 15.

No kings!

Trump doesn’t just think of himself as the president | Opinion

https://www.alternet.org/trump-doesn-t-think-of-himself-as-the-president

Associated Press: Federal court blocks Trump from imposing sweeping tariffs under emergency powers law

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A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears about inflation intensifying and the economy slumping.

The ruling from a three-judge panel at the New York-based U.S. Court of International Trade came after several lawsuits arguing Trump’s “Liberation Day” tariffs exceeded his authority and left the country’s trade policy dependent on his whims.

Federal court blocks Trump from imposing sweeping tariffs under emergency powers law
A federal court is blocking President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.

https://apnews.com/article/trump-tariffs-trade-court-0392dbd59f548e49ad4f64254ae3f94a

Vox.com: The first federal court hearing on Trump’s tariffs did not go so well for Trump

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A federal court held the very first hearing on President Donald Trump’s wide-ranging, so-called Liberation Day tariffs on Tuesday, offering the earliest window into whether those tariffs — and potentially all of the shifting tariffs Trump has imposed since he retook office — will be struck down. The case is V.O.S. Selections v. Trump.

It is unclear how the three-judge panel that heard the case will rule, but it appears somewhat more likely than not that they will rule that the tariffs are unlawful. All three of the judges, who sit on the US Court of International Trade, appeared troubled by the Trump administration’s claim that the judiciary may not review the legality of the tariffs at all. But Jeffrey Schwab, the lawyer representing several small businesses challenging the tariffs, also faced an array of skeptical questions.

The first federal court hearing on Trump’s tariffs did not go so well for Trump
Much of the hearing focused on whether Richard Nixon can save Trump’s tariffs.

https://www.vox.com/economy/412966/supreme-court-tariffs-donald-trump-trade-vos-selections

Alternet: Behind Trump’s Order 14270: A sweeping directive that dismantles a century of protections | Opinion

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On April 9, 2025, U.S. President Donald Trump signed Executive Order 14270, blandly titled “Zero-Based Regulatory Budgeting to Unleash American Energy.” Behind that bureaucratic name is a sweeping directive: Dismantle a century of environmental protections.

Every regulation related to the environment, natural resources, or energy, whether it safeguards air, water, species, or public lands, must be rewritten to serve polluters or vanish by default.

Some will claim this is just about efficiency. But no standard review process sets a mass expiration date for protections, regardless of science, impact, or legal mandate. This is not streamlining. It is a countdown to erasure.

https://www.alternet.org/trump-order-14270

CNBC: Billionaire Ray Dalio: ‘I’m worried about something worse than a recession’

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  • Bridgewater founder Ray Dalio said Sunday that he’s concerned that the global monetary system will break down.
  • President Donald Trump’s tariff policies and growing U.S. debt are contributing to a new unilateral world order, Dalio said.
  • Dalio said the fallout from turmoil in bonds could be a more severe shock to the monetary system than the 2008 financial crisis.

https://www.cnbc.com/2025/04/13/billionaire-ray-dalio-im-worried-about-something-worse-than-a-recession.html