John Nash, The Mathematical Genius Whose Battle With Schizophrenia Inspired 'A Beautiful Mind'
Although John Nash's career in mathematics was hampered by a paranoid schizophrenia diagnosis in 1959, he went on to win a Nobel Prize in economics in 1994 for his work on game theory.
By Austin Harvey
https://allthatsinteresting.com/john-nash
More information:
https://en.wikipedia.org/wiki/John_Forbes_Nash_Jr.
Earlier today, Trump posted about the ADP employment report, which shows private-sector job creation slowing dramatically since he took office.
Trump pathetically tried to blame Powell for not lowering interest rates, but Biden created more than twice as many jobs under higher rates:
In Defense of the Middle Class:
When entrepreneur, NYU Business professor, philanthropist & UCLA Bruin 👌 Scott Galloway breaks down how the biillionaire class is destroying America... and how this will end.
#economy #america #middleclass #scottgalloway #billionaires
#Trump suspended some sales to #China of critical US #tech, including those related to jet #engines, #semiconductors & certain #chemicals. The move is a response to China’s recent restrictions on exports of critical #minerals to the US, a decision by Beijing that has threatened to cripple #US #SupplyChains.
The new limits are pushing the world’s largest economies a step closer toward #SupplyChain #warfare, as the US & China flex their power.
#economy #inflation #recession
https://www.nytimes.com/2025/05/28/business/economy/jet-engine-chip-software-exports-to-china.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=7CCDCC0C-771C-410D-88B8-DE625C471B8D
Federal #trade #court blocks #Trump from imposing sweeping #tariffs under *#EmergencyPowers* #law
The ruling from a 3-judge panel at the New York-based Court of #InternationalTrade came after several lawsuits arguing Trump has exceeded his #authority, left US trade policy dependent on his whims & unleashed economic chaos.
#economy #inflation #recession #authoritarianism #AmericanAutocracy
https://apnews.com/article/trump-tariffs-trade-court-0392dbd59f548e49ad4f64254ae3f94a
WTF
A federal appeals court on Thursday allowed #Trump to continue collecting #tariffs under an #EmergencyPowers law for now, as his admin appeals an order striking down the bulk of his signature set of economic policies.
The Court of Appeals for the Federal Circuit granted an emergency motion from the Trump admin arguing a halt is “critical for the country’s national security.”[bull-fucking-shit]
#law #judiciary #Constitution #SeparationOfPowers #Congress #economy
https://apnews.com/article/trump-trade-tariffs-lawsuit-court-73cd7e1e8528336989f091b2b782360c
#TACO news
New #China #Trade ‘Deal’ Just Takes The #US Back to Where It Started
If a handshake agreement holds, it will merely undo some of the #damage from the #TradeWar that #Trump started.
#economy #tariffs #inflation #recession #geopolitics #TrumpIsWeak
https://www.nytimes.com/2025/06/11/us/politics/us-china-trade-deal-trump.html?smid=nytcore-ios-share&referringSource=articleShare
#Trump threatens extra 10% #tariffs on #BRICS as leaders meet in Brazil
Trump said the #US will impose an additional 10% #tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday.
#Economy #Geopolitics #Brazil #Russia #China #India #SouthAfrica
https://www.reuters.com/world/china/leaders-growing-brics-group-gather-rio-summit-2025-07-06/
#Trump officials completely reverse guidance exempting #farms, #hotels & #restaurants from #immigration raids
#ICE agents have been told to continue conducting *enforcement* operations at agricultural businesses despite concerns about negative effects on the food industry.
#law #economy #TACO #StephenMiller #DHS
https://www.washingtonpost.com/immigration/2025/06/16/trump-farms-hotels-immigration-raids/
#Immigration raids in #LosAngeles hit #SmallBusiness owners
Juan Ibarra stands outside his fruit & vegetable outlet in LA’s vast fresh #produce market where Hispanic & Latin restaurateurs, street vendors & food truck operators buy supplies every day.
On Monday morning, the usually bustling market was largely empty. Since #ICE began conducting #workplace raids, including at a #textile factory 2 blocks away, Ibarra said #business has virtually dried up.
#economy #Trump
https://www.reuters.com/world/us/immigration-raids-los-angeles-hit-small-business-owners-its-worse-than-covid-2025-06-17/
US importers are increasingly being asked by foreign counterparties to settle transactions in currencies other than the US dollar. The volatility of the US dollar, which has declined by 8% this year against a basket of other currencies, is driving this trend.
Foreign vendors are seeking to limit their exposure to further swings in the greenback by denominating contracts in local currencies or other alternatives.
I am excited to share that Barron’s is on @surf! If you’re in the beta, you can add their Economy & Policy custom feed to your Favorites.
Not in the beta? Join via the link below and use my referral code: Surf+JeJord.
https://surf.social/feed/surf%2Fcustom%2F01jxzredr7pxhc0r37fes5f2jd
The calm in the #markets has been unnerving.
You might think the world has been enjoying a season so tranquil that the #stock, #bond & #currency markets have fallen asleep.
Yet the world has been anything but peaceful lately, whether in the #UnitedStates, #Ukraine or the #PersianGulf. And the #FederalReserve gave the markets another reason for concern on Wednesday when it held #InterestRates steady.
#economy #inflation #stagnation #tariffs #employment #immigration #war
https://www.nytimes.com/2025/06/20/business/stock-bond-market-investing-israel-iran-gulf.html?smid=nytcore-ios-share&referringSource=articleShare
#Trump on Saturday released letters imposing new 30% #tariffs on imports from #Mexico & the #EU, dashing hopes for #trade deals that would avoid such punishing levies. The tariffs will take effect Aug 1.
#economy #inflation #recession #trumpcession #RevengePolitics
https://www.nytimes.com/2025/07/12/us/politics/europe-eu-tariffs-trade.html?smid=url-share
I found a #youtube video that was 47 minutes long and titled "Why Everything Feels Like a Scam Now" and I thought -
Well it is, cuz that's what poorly regulated #capitalism does after a while, and I just saved myself 47 minutes.
#Trump said Friday that he’s immediately suspending #trade talks with #Canada over its plans to continue with its tax on #technology firms, which he called “a direct & blatant attack on our country.”
Trump wrote on Truth Social that the Canadians had just informed the #US it would stick to its plan to impose the tax set to take effect Monday.
#DigitalServices #TradeWar #economy #RevengePolitics
https://apnews.com/live/donald-trump-news-updates-6-27-2025#00000197-b296-de08-a1f7-f7dec60b0000
[Financial Times]: Trump’s fiscal policy and attacks on Fed put US safe haven status at risk, economists say. By Claire Jones in Washington and Eva Xiao in New York
Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings
#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.
#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/
“It’s the end of the world as we know it…”
#Trump #immigration raids leave #crops #unharvested, #California #farms at risk
#economy #groceries #agriculture #inflation #recession #law #immigration
Lisa Tate is a sixth-generation farmer in Ventura County, California, an area that produces billions of dollars worth of fruit and vegetables each year, much of it hand-picked by immigrants in the U.S. illegally.
🇺🇸 📖 **The Book That All Americans Should Be Reading Now**
"_A nation’s prosperity is not a given. It is constantly shaped by the strength and character of its institutions. If you want to see how a country will do economically in the long run, look at its institutions.
🔗 https://www.zmescience.com/other/economics/the-book-that-all-americans-should-be-reading-now/.
#Economy #Economics #Nonfiction #Books #Bookstodon @economics @bookstodon
#Mexico, the #UnitedStates’ biggest trading partner, will get another 90 days to try to reach a #trade deal, #Trump & President #ClaudiaSheinbaum of Mexico announced after a phone call Thursday morning. The extension came a day before the *deadline* Trump has set for countries around the globe to strike deals or face #tariffs of as much as 50%.
#TACO #economy #law #geopolitics
https://www.nytimes.com/2025/07/31/us/politics/trump-tariffs-mexico-extension.html?smid=url-share
It's #Trump's #economy now. The latest #financial numbers offer some warning signs
For all of Trump’s promises of an economic “golden age,” a spate of weak indicators this week told a potentially worrisome story as the impacts of his policies are coming into focus.
#Jobs are dwindling. #Inflation is ticking upward. #Growth has slowed compared with last year.
#recession #idiocracy #chaos #instability
https://apnews.com/article/trump-economy-warning-signs-financial-numbers-6f9754dbb6b21c9ef5c557b1ebfe6ce9?utm_source=onesignal&utm_medium=push&utm_campaign=2025-08-02-Economic+shifts+ahead
For decades, Republicans have pretended to be the "party of the private sector" by falsely claiming that the economy only adds government jobs under Democratic presidents.
Today's jobs report from ADP disproves that GOP talking point and shows once again that Democrats are the true party of private-sector job creation, which has slowed dramatically under Trump:
#Jobs #Economy #Unemployment #Trump #Recession #Tariffs #USPol
