Trump budget plan boosts Pentagon, trims State Dept, EPA: officials
One of the officials said Trump's request for the Pentagon included more money for shipbuilding, military aircraft and establishing "a more robust presence in key international waterways and chokepoints" such as the Strait of Hormuz and South China Sea. reuters.com/article/us-usa-trump-budget-idUSKBN16605M
Trump navy secretary nominee withdraws citing disruption to financial interests
North Korea spy agency runs arms operation out of Malaysia, U.N. says
Glocom is a front company run by North Korean intelligence agents that sells battlefield radio equipment in violation of United Nations sanctions, according to a United Nations report submitted to the Security Council seen by Reuters. reuters.com/article/us-northkorea-malaysia-arms-insight-idUSKBN1650YE
Germany's rightwing AfD party struggles to cope with internal crisis
I think they're planning to raise $1 trillion from border taxes on imports – a 20% tax I hear.
Logan Adams
Really looking forward to the incipient economic crisis tbqh
Josiah Barnes
That's supposed to pay for the shitty wall that won't stop anyone.
Regardless, a 20% tariff on Mexican imports is going to hurt middle-class Americans, even more so if Mexico decides to retaliate and buy their grain somewhere else.
Nolan Hall
But our economy IS growing, the profits are just going to the top you fucking triple nigger. He knows exactly what the fuck he's doing right here.
Not really surprising, retail has been getting fucked since 08, and it's gotten worse in the last few years as more people have transitioned to low paying jobs/not working and thus can't support said retail chains
Ayden Miller
lmao remember when Holla Forums thought Trump is against the military industrial complex?
Jose Butler
Uber sued by Google's Self Driving Car Unit, reveals major financial losses Waymo, the self-driving car unit of Google’s parent company, filed a lawsuit on Thursday in federal court against Uber and its recently acquired startup Otto, accusing Uber and Otto’s founder Anthony Levandowski, who’d been a project leader at Google’s self-driving-cars project since 2009, of stealing a huge pile of trade secrets. In a federal court filing in San Francisco, Waymo said Anthony Levandowski, who runs Uber’s autonomous car division, downloaded 14,000 files from Google a month before leaving to start his own self-driving car company, Otto.
This lawsuit sheds new light on a problem Uber has, a problem that transcends all other problems, of which Uber has plenty: In 2015, Uber lost $2.2 billion; in 2016, the losses are said to have jumped to $3 billion. Those are rough figures that may underestimate how much money Uber is losing and don’t include interest, taxes or stock-based compensation.
tdlr, Uber is desperate to get self-driving cars on the road, 4 million jobs in logistics/driving gone in the next few years
Dylan Diaz
b-but it's okay to fight against China since they're commies!
tbh, the window for a successful war against China is already over, as is any attempt to retake the trade routes of the South China Sea
Isaiah Hill
I believe the plan is to keep permanent ship deployment in the South China Sea to counter Chinese's newly built military islands.
Connor Smith
Profits keep going up and up right along with store closings and massive layoffs. I work retail and despite record profits year after year full timers keep getting cut and stores keep getting closed.
Gosh! Isn't that weird?
Cooper Mitchell
Where are the sales coming from? Overseas?
Alexander Thompson
And any country that owns WMDs.
Ayden Price
I actually don't think sales have much to do with it. All the money seems to be in giving customers credit cards and loans to buy their cheap foreign crap. I can't think of a store that doesn't offer a credit card any more.
Tyler Turner
We basically already have this with the naval bases in Japan and Australia, adding in more ships there means nothing, especially in such a narrow region The problem is threefold, the biggest is that the South China Sea is right off the Chinese coast, it's their backyard while the US is on the other side of the world. This means that the China can easily achieve local superiority
The second big issue is that the US navy has a global mission, if we commit to the SCS it opens holes elsewhere in the US' global strategy. Especially since a large portion of the US fleet is almost always tied up in drydock or is too expensive to have operating, tying into Chinese local superiority
Finally, I don't think US allies in the region would fight and die for the US if the Sino-Russian bloc offers them a better deal
Credit ties a ton into it, average household debt has skyrocketed 80% of the US population is in debt at any given time
Cameron James
Cant wait for the USA to collapse It will be one hell of a ride
Nathaniel Cook
It's really surreal we're trapped in an Invader Zim episode. I'm not saying invader zim is good.
I'm saying we're living in a reality as simplistically satiric of the public as any Invader Zim episode.
Everything is just so fucking stupid
Christian Bennett
lmao seriously i know
Cooper Jones
LIMIES GET OUT AND TAKE YOUR NUKES, CAMERAS, DISARMAMENT, HOTPOCKETS, INTERNET-KILLER TRADE DEALS, NAME-N-SHAME OPT-INS AND HATRED OF FUN WITH YOU REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Wow if only there was a third option. Oh well there were only le two choices lel XD
Nothing gets past this guy
Christopher Ross
YOU TAKE THAT BACK
Robert Nguyen
It hasn't grown since collapse of 2008, lad.
Nolan Gray
hahaha holy fuck, Uber is going to crash and take the whole tech bubble with it
Dylan Ramirez
When did Uber manage to make that much money to lose is my question.
And how the fuck can it lose money? On what?
Leo Robinson
To expand on my earlier thought a bit, I don't think sales as in actual purchases have actually risen. Everyone buys stuff on credit, so on paper buying is up and profits are up etc etc but the reality is that if it weren't for these stores giving this shit away with 'credit' the economy would have ground to a halt years ago. People just keep buying and selling based on the premise that these promises are worth something and that eventually the economy is going to pick back up and save everyone.
Logan Foster
So basically, the USA's economy is the Wiley Coyote.
Ayden Howard
i can't think of anything good je did since he took office tbh
Henry Baker
Basically
Ryan Martinez
venture capitalists mainly and other easily dazzled investors
All it takes is one bad court case and they're done, especially the whole issue of insurance and then employees vs contractors
basically, take away online sales and the collapse of retail was pretty obvious
Josiah Clark
...
Benjamin Robinson
...
David Clark
Then why do I always see reports of record profits and corporate circlejerking?
Robert Moore
book cooking and publicity reports to make sure the market doesn't crash Also why the US real unemployment rate isn't reported and the reason they stopped talking about labor force participation rate
Aaron Parker
I can buy that.
Henry Mitchell
Unfortunately Linke is losing a lot of ground to the SPD recently, however AfD and Grüne plummeting in the polls makes that halfway bearable.
Lincoln Jenkins
i think Germans are way more educated on Average than Americans.
Ethan Anderson
Germans are the most brainwashed population of the 20th century
Ryan Fisher
I don't think retail sales are being cannibalized by online sales. I think it's a crisis of effective demand due to stagnant or declining wages.
Xavier Harris
Stock market is pure speculation. It can grow without any growth in the real economy.
Brandon Adams
Wow, Jacobin is now officially intellectually void.
It's not even that the thesis is wrong, it's not. The text is just so repulsive, so thoroughly riddled with alternating ad hominem and pure insults, so barren of actual argumentation or insight, no matter how much it tries to disguise it with flowery uses of random dictionary words, that after reading it I actually find myself less convinced of my own, largely matching opinion. The number of undecideds it managed to convince must be negative.
All editorial staff who allowed those feces in should just off themselves.
Lincoln Hill
Not all articles are written to convince undecideds.
I don't understand the American fetishization of the so called "independent voter".
Cooper Brown
Explain, I was under the impression they were the smartest of the Euros.
Tyler Sullivan
And why is that? Germans have been classcucked since the German revolution and I know very few Germans who are actually knowledgeable about leftism
Elijah Smith
AfD losing ground is not desirable at all, the stronger the CDU the more likely a coalition between SPD/CDU becomes. AfD at 20% would be a good thing for the German left, ironically enough
Logan Turner
They are complete slaves to neo-liberal agenda, and have been an intellectual occupied territory for nearly 80 years. If Americans are retards the Germans are slaves to retards.
Robert Nelson
Calexit when? The Big One would be nice too. Hell, maybe even both at the same time.
Cameron Collins
Reminder.
Kevin Rodriguez
Making money on what? Their product is busting taxi franchises. Their MoP is lobbying. The rides are a byproduct.
Give me one good reason middle-class Americans shouldn't, in a just world, be dragged out into the street and beaten until they stop thinking of themselves as superior.
Jordan Carter
Because the rich are, like, right there?
James Turner
This is already happening in the Philippines.
Owen Robinson
I don't follow you. The rich are no more effective than Pic related without their loyal, aspirational middle-class help.
Austin Allen
what?
Daniel Reed
Fucking why?
Parker Wright
it's legit though. in NY you're looking at $2k/month for a small apartment, in SF $3k, not to mention all the other ridiculous expenses there
Accelerationism was really the only good reason to support Trump, I don't see how that makes him a neoliberal out of "spite".
Owen Evans
Because the world of business is a world of make believe. Real production, consumption, and value don't matter. What matters is how much you can convince people ask the shit in your books is worth.
I'm just looking forward to this whole stupid system falling apart, and the sooner it does the better for a number of reasons.
Jayden Stewart
🍀🍀🍀Connor Kilpatrick🍀🍀🍀 is based. Fuck off
Daniel Gray
Connor took some flak recently for saying some impious stuff on twitter so I imagine the strident tone of this piece with regards to stuff the Jacobin audience already hates is his way of trying to gain back a little cred with the student activist set.
