I suggest 1488%.
tedious terminology warning: the media is often referring to a surcharge that Canada is placing on exported electricity to the states as a âtariffâ. itâs not, as far as anyone i know of is aware, a âtariffâ if itâs out-going. a tariff is an import tax (which we all know ends up being paid by the consumer). if we permitted out-going charges to be called tariffs then trumpâs blather that he is placing this âtariffâ/charge on another country might have some standing - and we donât want that (i donât think)
example in dubious-ity:
Canada Slaps 25% Tariff on Electricity to Americans in Three States
âIf the United States escalates, I will not hesitate to shut the electricity off completely,â Doug Ford said Monday.
By Matt Novak Published March 10, 2025
The leader of Ontario, Canada, made good on his threats to slap a 25% tariff on electricity sent to neighboring U.S. states on Monday. The tariffs are a direct response to President Donald Trumpâs tariffs against Canada, a form of economic coercion with the goal of making Canada a state or territory of the United States.
addendum(dumdum): itâs possible that âtariffâ originally meant charges going either way, as a generalized duty for crossing a border, but as of ~1900ish the US and UK designated a âtariffâ to mean an import tax
-sigh-
As always, Reich gets it.
Heâs been amzing lately-- Solnit, HCR and other bright lights too. Maybe weâre not quite at a point yet where, while the worst are full of passionate intensity, the best lack all conviction.
Yeah, itâs good to know that there are so many people willing to call shit out for what it is.
I have no idea. Iâm not even sure what that means. All I know is Iâve lost, on paper, about $700 since the inauguration.
â Dark Pool Trading: Key Statistics
- Trading Volume: As of February 2022, nearly half of all trading activity occurred in dark pools and off-exchange venues. For some stocks like GameStop, dark pool volume exceeded 50% of total trading on certain days.
- Number of Dark Pools: Over 50 dark pools were registered with the SEC in the U.S. as of February 2020.
- Growth Trend: Dark poolsâ market share grew from 4% in 2005 to 18% by 2015.
- Order Size Trend: Average order size in dark pools decreased from 430 shares in 2009 to about 200 shares in 2013.
- Regulatory Action: In 2016, major financial institutions were fined over $150 million for violating federal laws in dark pool operations.â
Shit.
Huh. Yeah, that shouldnât even be legal. More rigging of the system by the large institutional investors. I love how casually the drawbacks of dark pools are presented there:
- Lack of transparency
- Potential conflicts of interest
No shit. Which is exactly why they should be illegal. Goddammit capitalism sucks.
Thinking that weâll see a small rise in the markets this morning as is not unusual after a big drop. Then another slide later or tomorrow.
Late car payments hit highest level in decades-
https://thehill.com/business/5183840-late-car-payments-record-high/
With so many Americans living in places that need a car to live and work, thatâs an awful lot of people right on the brink.
Iâm worried about how many are on the brink of living in their cars, moving them around to avoid all the overnight parking restrictions and repo efforts that are probably much more efficient with all the tech baked into newer vehicles. Increasing fines for non-moving violations and criminalization of camping (if the vehicle is lost) also puts them at risk for incarceration.
One of Spouseâs âshadow indicatorsâ of looming recession is the fact that the proportion of cars on the road with un-repaired minor damage is way up. If youâre trying to scrape by, you donât invest the $$$ in getting that fender fixed (or even risk increasing the cost of your insurance coverage by claiming it).
During the 2008 crisis, the one thing that 's did not default on was their car payments.
If you think the current outlook is bad, just wait until the White House canât find anyone to buy its debt, warns Ray Dalio
You know what really scares me about this? What often happens when you see this kind of economic collapse is just how much the violence ends up turning inward toward vulnerable populations, or just whoever is deemed âthe problemâ⌠Things are looking nasty now, but they could look even worse with a complete and total collapse of our economy.