The baseline 10% makes more sense if it is seen as a way of shifting how the federal government raises taxes. It will create space for the desired tax cuts that the administration wants.

Everyone keeps talking about how irrational it is to think that Americans are going to grow coffee beans, dig up diamonds and make Nike trainers. Commentators have been scratching their heads over the baseline 10%.

@katie0martin.ft.com Are we all being sucked into thinking that this is about the trade deficit because that is what the US administration offers as justification? What if it has always about reducing other domestic taxes by creating a de facto sales tax on all imports?

So good. 🤡

@brendanvduke.bsky.social

Will the markets make Trump see sense on tariffs? This week Donald Trump declared 'Liberation Day,' unveiling a barrage of tariffs. But there is a flaw at the heart of his strategy

The economic case against this self-harm has fallen on deaf ears, with a president who has been consistently hostile to trade deficits and who now doesn’t have to worry about re-election. 

✍️ Ryan Bourne

Apparently Meta execs haven't heard of the Streisand Effect.

Donald Trump shouting at a child

WHY AREN’T YOU USING A TESLA

x.com/nocontextbrits/status/18...

Portugal’s government on brink of collapse Prime Minister Luís Montenegro likely to lose confidence vote on Tuesday over consultancy he transferred to his family

"engulfed in a storm over his alleged failure to divest his stake in a consultancy he founded"

Ah the quaint stuff that ends political careers everywhere apart from the USA

- on.ft.com/41VqqZV

Karoline Leavitt shuts down AP reporter after 'insulting' question on tariffs White House press secretary Karoline Leavitt pushed back on Associated Press reporter Josh Boak during a press briefing on Tuesday over a question on economics.

‘You’re insulting me by trying to test my knowledge’ is a pretty weird response from a press secretary taking questions. Is Fox doing a deep cut on Karoline Leavitt? www.foxnews.com/media/karoli...

a man with a beard and mustache is smiling and looking at the camera . ALT: a man with a beard and mustache is smiling and looking at the camera .

“The United States is not self-sufficient when it comes to toilet paper production.”

www.theglobeandmail.com/business/art...

Andrew Tate is a lot of people's idea of a man. You know who's a man? Zelensky.

Why Trump has gone quiet on the stock market The mood in markets has darkened and the central narrative around trades based on the president’s policies has soured

“Make Russia great again , I guess” www.ft.com/content/c8de...

Cardinal Parolin to lead Rosary for Pope's health in St. Peters Square - Vatican News The Holy See Press Office announces a recitation of the Rosary for Pope Francis' health in St. Peter's Square at 9 p.m. led on Monday by Vatican ...

www.vaticannews.va/en/vatican-c...

The Wolfe Island ferry approaching the island’s winter dock this morning.

a woman is holding a cup of coffee and the words something to think about are above her ALT: a woman is holding a cup of coffee and the words something to think about are above her

Can't spell tariffs without FFS

A little patriotic viewing this afternoon. s3.amazonaws.com/criterion-pr...

There's only one winner in a trade war... | This Hour Has 22 Minutes YouTube video by 22 Minutes

youtu.be/oYUI4hu950w

DeepSeek just proved Lina Khan right Khan warned that enabling protectionism for tech monopolies wouldn’t just hurt all of us, it would hurt them too. Now they’re getting wiped out.

Smart diagnosis by Ryan Grim and Waqas Ahmed on DeepSeek's sputnik moment. "Lina Khan warned that enabling protectionism for tech monopolies wouldn’t just hurt all of us, it would hurt them too. Now they’re getting wiped out." www.dropsitenews.com/p/deepseek-o...

Things you’re allowed to not know how you acquired them:

Crockery, candles, tennis balls, marks on the back of your legs

Things you should know how you got them:

Flats in Kings Cross

This year’s Stollen.

two men on a boat that says ptc on the side ALT: two men on a boat that says ptc on the side

Just had to pull over on the highway. Front driver’s wheel was loose. Had to prove my masculinity in tightening all the lug nuts.

Our windscreen on the car as we cross the lake. All the way. It’s a little breezy today.

Foggy morning boarding the Wolfe Island ferry.

Why Jasmin Paris should be #SPOTY24

She completed Barkley Marathons with 99 seconds to spare

- 33 Parkruns distance
- in a forest
- mostly off trail
- partially in dark
- no GPS watch
- ascended 2x height of Everest
- only 19 male runners have completed it in 29 years
- Jasmin was the 1st woman

Wolfe Islander 3 has blown an hydraulic line and will be delayed by 20 minutes. At least they let us know this time.

Sacred Heart, Wolfe Island

Heading home about twenty six hours after leaving for work yesterday. What a palaver.

The Wolfe Islander IV ran aground earlier today and has been docked in Kingston since lunchtime. I hope to get home at some point tonight but who knows when.

Not what I would call a snow day: school buses cancelled today. Some snow in the forecast this afternoon but not a lot ~1 inch.