GM, Ford, and whatever passes for Chrysler these days, are doomed. Both GM and Chrysler survive thanks to government bailouts. It won’t happen again.
What isn’t known yet is how well these Chinese cars will hold up for ten years. Software updates are another concern.
White House Reportedly Considers Using Spirit Airlines To Transport Troops as Part of Takeover
https://www.yahoo.com/news/articles/white-house-reportedly-considers-using-221622664.html
Who can forget what happened the first time Trump took over a bankrupt airline?
A good discussion of Trump’s failure to understand international economics.
A good analysis of Trump’s going nowhere tariffs with China.
In December, Trump declared on social media that he had approved the controversial sale of advanced Nvidia H200 AI semiconductors to China, the very chips his Justice Department only 30 minutes earlier said were being smuggled to China, constituting a threat to national security.
https://www.reuters.com/world/us/with-tariffs-stalled-trumps-china-policy-drifts-2026-04-21/
Paul Krugman is more direct than David Wessel in his criticism of Kevin Warsh, Trump’s “sock puppet” nominee for Fed chairman.
Another nominee on Capitol Hill, playing to an audience of one, named Donald. This time it was Kevin Warsh, sitting in front of the Senate Banking Committee.
Warsh thinks the Federal Reserve Bank needs reform, and not in returning to tighter banking regulation, as Elizabeth Warren rightly wants. His idea of reform will likely be whatever Donald wants.
Was Minneapolis happening just this past January? Trump keeps dragging us from one manufactured crisis to another.
