Saudi’s NEOM creates new unit to boost oversight
The $1 trillion project has hired new management to improve oversight amid construction delays and layoffs.
The $1 trillion project has hired new management to improve oversight amid construction delays and layoffs.
The administration has already sent hundreds of millions back into Caracas’ economy, but skeptics see the setup as ripe for misuse by the current regime.
The Supreme Court is about to rule on Donald Trump’s tariffs, which lower courts deem illegal. But guess what: Trump himself has badly undermined his own case for them. He’s claimed broad tariff powers by absurdly declaring trade deficits an economic emergency. But he keeps admitting to other rationales for them. In a crazed and truly bizarre tirade in Davos, he said he hiked tariffs on Switzerland partly because a female leader’s voice annoyed him. He unleashed a long, unhinged rant in a letter threatening Brazil with higher tariffs over its treatment of ally Jair Bolsonaro. And in another strange and rambling tirade, he threatened to impose tariffs on European countries opposing his quest to seize Greenland. We talked to MS NOW’s Steve Benen, who identified this pattern in a good piece. We discuss all these threats, the GOP’s complicity with the Mad King’s whims, and what it’ll mean for our country if the high court greenlights such obviously absurd abuses of power. Listen to this episode here. A transcript is here.
Leading telcos are expected to soon roll out trading services on their mobile money apps.
The US government is reportedly pursuing a $1.6 billion investment in an American rare earth company, its largest such foray into the sector, as Washington looks to build up its domestic mineral supply chain.
By Jeffrey D. Sachs and Sybil Fares for Common Dreams John Maynard Keynes famously wrote in The Economic Consequences of the Peace (1919): “There is no subtler, no surer means of overturning the existing basis of Society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and […]