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Larryredly

15 Apr 2025 - 12:47 pm

WASHINGTON — “Liberation Day” just gave way to Capitulation Day.
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President Donald Trump pulled back Wednesday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.

Trump's early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony.

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The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who've been sinking their savings into 401(k)s to rethink their retirement plans.

Ahead of Trump's announcement, some of his advisers had been in a near panic about the bond markets, according to a senior administration official. Interest rates on 10-year Treasury bonds had been rising, contrary to what normally happens when stock prices fall and investors seek safety in treasuries. The unusual dynamic meant that at the same time the tariffs could push up prices, people would be paying more to buy homes or pay off credit card debt because of higher interest rates. Businesses looking to expand would pay more for new loans.
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Two of Trump's most senior advisers, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, presented a united front Wednesday, urging him to suspend the tariffs in light of the bond market, the administration official said.

In a social media post, Trump announced a 90-day pause that he said he’ll use to negotiate deals with dozens of countries that have expressed openness to revising trade terms that he contends exploit American businesses and workers. One exception is China. Trump upped the tariff on the country’s biggest geopolitical rival to 125%, part of a tit-for-tat escalation in an evolving trade war.

Trump reversed course one week after he appeared in the Rose Garden and unveiled his plan to bring jobs back to the United States. Displaying a chart showing the new, elevated tariffs that countries would face, Trump proclaimed, “My fellow Americans, this is Liberation Day.”
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Bernardatoky

15 Apr 2025 - 11:30 am

President Donald Trump wants to bring back American manufacturing in ways that would reshape the United States economy to look more like China’s. The campaign, which has led to a rapidly escalating trade war with China, has given ample social media fodder to Chinese and American observers alike.
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Announcing a series of sweeping tariffs in a move dubbed “Liberation Day,” Trump said last week that it will lead factories to move production back to American shores, boosting the U.S. economy after “foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories, and foreign scavengers have torn apart our once beautiful American dream.”
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In a Truth Social post Wednesday, Trump announced that he is raising tariffs on goods imported from China to 125%, up from the 104% that took effect the same day, due to “the lack of respect that China has shown to the World’s Markets.” Higher targeted tariffs on other countries have been paused for 90 days, although the 10% baseline tariff will remain in place for all countries.
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Meme-makers and Chinese government officials have in recent days begun pointing out the irony of Trump’s tariff-driven manufacturing pivot through AI-generated satire and political cartoons that have percolated online, with many American users boosting the jokes.
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14 Apr 2025 - 04:22 am

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What scientists know for certain is that they need to get precision timekeeping instruments to the moon.
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Exactly who pays for lunar clocks, which type of clocks will go, and where they’ll be positioned are all questions that remain up in the air, Gramling said.

“We have to work all of this out,” she said. “I don’t think we know yet. I think it will be an amalgamation of several different things.”
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Atomic clocks, Gramling noted, are great for long-term stability, and crystal oscillators have an advantage for short-term stability.
“You never trust one clock,” Gramling added. “And you never trust two clocks.”

Clocks of various types could be placed inside satellites that orbit the moon or perhaps at the precise locations on the lunar surface that astronauts will one day visit.

As for price, an atomic clock worthy of space travel could cost around a few million dollars, according Gramling, with crystal oscillators coming in substantially cheaper.

But, Patla said, you get what you pay for.

“The very cheap oscillators may be off by milliseconds or even 10s of milliseconds,” he added. “And that is important because for navigation purposes — we need to have the clocks synchronized to 10s of nanoseconds.”

A network of clocks on the moon could work in concert to inform the new lunar time scale, just as atomic clocks do for UTC on Earth.

(There will not, Gramling added, be different time zones on the moon. “There have been conversations about creating different zones, with the answer: ‘No,’” she said. “But that could change in the future.”)

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