Paul Fain
@paulfain
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Writes about connections between education and work. Not here much.
Columbus, Ohio
Joined February 2011
New CNN reporting: The Trump admin has discussed possibly helping Iran access as much as $30 billion to build a civilian-energy-producing nuclear program, easing sanctions, and freeing up billions of dollars in restricted Iranian funds – all part of an intensifying attempt to
cnn.com
The Trump administration has discussed possibly helping Iran access as much as $30 billion to build a civilian-energy-producing nuclear program, sources say.
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Former DOGE engineer says federal government has fewer people sitting around than silicon valley does
npr.org
NPR's Juana Summers talks with Sahil Lavingia, who worked for the Department of Government Efficiency as a software engineer assigned to the Department of Veterans Affairs, about his experience.
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Are those two guys still gonna open up Ft. Knox together to look for the gold?
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It is 5:20 on a Friday evening. Heavy duty construction going on 10 feet from our patio where people are trying to dine. Seriously, WTF is wrong with this city. Businesses will continue to leave @PoPville @UptownMainSt @RAMWdc @CMLewisGeorgeW4 @DDOTDC @MayorBowser
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In the 3 weeks since the tariffs took effect, ocean container bookings from China to the United States are down over 60% industry wide. 🧵
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Stocks down, yields up, dollar down, again! Great news, if you hate yourself and everyone else
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Google is now leading on multiple fronts on AI metrics.
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Trump says ‘home-grown’ Americans are next to go to El Salvador, tells Bukele ‘gotta build about five more places’ https://t.co/JEiEeoJoKc
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Yes, due process is not just an innovation for fairness. It's a clever system for accuracy in the face of human bias, self-deception, and overconfidence.
If anyone is wondering why we need that boring-sounding thing called "due process," it's because if you don't have it you're depending entirely on the word of the guy on the left.
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If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.
As a result of tariffs, Fastenal put in 3-4% price increases and intends to double that in 2H as new tariffs hit. So for companies that actually manufacture in the US, costs of mission critical fasteners and parts is going up dramatically while consumer electronics are exempted.
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So the strategy all along was to bring back labor intensive manufacture of underwear and shoes but not iPhones and semiconductors. Brilliant.
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Smart move from the administration here 👇. They could go even further by exempting all products used by American consumers and businesses, to put the full squeeze of the tariffs firmly on China.
BREAKING: President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs in win for Apple (and shoppers). This lowers the China tariff from 125%.
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Whether you love or hate tariffs, you can't help but be impressed at the detailed policy planning, the transparency of the policy process, the credibility of Administration announcements, relentless attention to detail, flawless execution, and the thoughtful predictability that
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Yes: If you wanted to reindustrialize the U.S. without making extreme claims about job gains and while fending off China to enable U.S. tech growth your path forward would look a lot like the CHIPS and Science Act. @RonBrownstein @EJDionne @MattHourihan @paulkrugman
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Well, JPMorgan’s chief economist Bruce Kasman certainly sounds cheery.
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Top economic advisers to Trump (Bessent in his confirmation hearing, Miran in his Nov 2024 paper) have said that tariffs need not raise consumer prices so long as the dollar appreciates, as it did in 2018-19. The dollar has gone the other way.
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US in 2022: here is a 25% tax credit for building semiconductor factories US in 2025: here are 20-26% tariffs on the countries that make tools needed in semiconductor factories (Tariffs exempt chips themselves but make no mention of chip manufacturing equipment)
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The Dollar isn't just falling after yesterday's tariff announcement. It's collapsing. Tariffs are a forced devaluation of the currency, a way to claw back competitiveness from others. So the fact that the Dollar is falling on top of that is totally counterintuitive and worrying.
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