Apparently Avelo airlines has become the first/only commercial airline to publicly announce a contract with ICE for doing deportation. Usually it's little charter airlines that do it.

Can't resist those juicy PIC moneys for enhanced profit!

USA Today: Why are tens of thousands of people boycotting this little-known airline?

Don't worry, though. 30k people have signed a petition!!!!

And, sorry/not sorry: because I found this gem of an opinion piece by a genocidal liberal fuckwit apologizing for this "just doing business" nonsense, you have to read it too.

Avelo Airlines — neither woke nor broke (apparently—according to Startpage—originally titled "Anger at Avelo deportation flights is misplaced. Here's why."

The airline is only doing this because it allows you your cheap tourism, folks. We all know that flying commercial passengers is done out of the goodness of their hearts, and will continue despite not being profitable (enough), so long as they can get better money from ICE! Sorry, but the ethnic cleansing is necessary for you to have your treats! And, after all, you can't blame the furnace companies for supplying the Nazis or anything; they were just in the business of making furnaces!

https://6abc.com/post/wingtip-american-airlines-plane-hits-another-aircraft-carrying-several-us-congress-members-washington-airport/16153448/ Something funny almost happened with congresspeople in a plane

Chinese Money Supply Report for March seems pretty strong after credit being anemic last year so good signs for the economy and demand outlooks i guess. And even less pressure regarding the trade war.

M2 money supply +7.0% y/y; Est. +6.1%;

M1 money supply +1.6% y/y; Est. +0.3%;

M0 money supply +11.5% y/y; Prev. +9.7%;

Aggregate financing 5.9 trillion yuan, Prev. 2.23;

New yuan loans 2.23 trillion yuan, Prev. 0.74.

Problem with credit in the last couple of years and especially last year is that since forever land sales were critical to the credit formation process because they drove the leveraged generation of loans through a number of asset collateralization processes. This is where the money for all other local economic activities came from. But that wasnt viable anymore so one of the central sturctual tranformations of the Chinese economy is to delink credit generation from land sales and towards more mature financial insturments, and that cant be seperated from the general crack down of real estate speculation and deflating that bubble. So especially during last year the "fountainhead" for the credit cycle was locked up because of the land finance wind down. Credit going back to normal seems to indicate there has been substantial progress in that aspect and maybe the economy is beyond the more shaky phase.

Mechanically, the credit impulse drives the demand cycle, not vice versa. Availability of money is what determines demand. Demand does not determine availability of money. So demand problems were in large part downstream of that. Reticence from households to spend due to property value deflation was only a secondary problem. The primary problem was squeezed incomes and business revenue from a slow moving liquidity lockup.

We have actually for reals entered a period known as the cool zone

Edit:

Cool zone denialists in shambles rn

Trump raises tariff on Chinese goods to 125%, accusing Beijing of 'lack of respect'

As we've just reported, Donald Trump has raised tariffs against China to 125%, and also issued a 90 day pause to some tariffs.

Here's his Truth Social statement in full:

"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.

At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.

"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"

Regarding the tariff war, Colonel Cassad posted an image with two maps comparing which countries had the US or China as their largest trading partner, first from the year 2000 and then in 2024. China is now absolutely dominant.

https://colonelcassad.livejournal.com/9773078.html

Washington is frantically trying to reverse the trend. But the USA's hollowed out industrial base, crumbling infrastructure, and massive debts make achieving that goal practically impossible.

Yowzer,

Critical support for JDPON Don in his struggle against finance capital.

Anyone have wallstr33tbets reddit and discord screenshots? It must bw carnage now

so what's the latest on Mahmoud Khalil? still languishing in jail because of "protected" political speech?

it sucks for my meager life savings but now I really wanna see how low this number can get

Ecuador imposes state of emergency before razor-close election - CBS NEWS

has xiaohongshu ever used he/him on any of their accounts? i only ever remember comrade/them being used on the kaplya and shipwreck accounts, and quite frankly i remember them commenting on dating threads and complaining about hexbear's misogony from a POV that at the very least wasnt a cis man's.

why i'm posting this: ive seen several people call xiahongshu "he" several times over the last few days which seems like possible mass misgendering :/

And now in utter despicable french guy news:

Macron’s fragrance overpowering aides in Elysée Palace

The French president sprays on ‘industrial amounts’ of Dior Eau Sauvage, according to journalist Olivier Beaumont

second!

folks, the goldbugs

right as always (except for most of the time)

Left-wing and progressive parties in Ecuador express concern over the series of irregularities by the National Electoral Council (CNE) and the government of presidential candidate Daniel Noboa, implemented just hours before today's presidential runoff elections.

The statement reads:

Throughout the electoral process, we have witnessed the shameful role played by the National Electoral Council (CNE). It has failed to fulfill the functions established in the Constitution, which, among other things, mandates that it be the overseer of the electoral process and guarantor of transparency and equality for all contestants in the elections, but none of this has been fulfilled. The latest events we note below should concern and outrage all of us who defend democracy and transparency.

• Last-minute relocation of 18 polling stations under the guise of winter weather. Rain has been ongoing for two months, and flooding has been punishing for two weeks. However, the decision was made at the last minute. Coincidentally, these changes affect the precincts where the ruling party did not perform well in the first round.

• National government broadcasts, four times a day, in complete electoral silence, announcing alleged government actions; something that is expressly prohibited by law, but the CNE remains silent.

• Delegations of international election observers are prevented from entering the country.

• Use of state resources to distribute bonuses (USD 570 million), last-minute payments to state suppliers, and unofficial trips by the presidential candidate, all for the purpose of campaigning.

• Decree of a state of emergency in 7 provinces, suspending the civil rights of inviolability of the home, correspondence, movement, and assembly; Coincidentally, these are the same provinces where presidential candidate Noboa failed to receive a favorable vote in the first round.

• Suspension of voting for Ecuadorians in Venezuela.

We demand that the CNE assume its responsibility and guarantee transparent elections within the framework of the law. We are vigilant for the good of the country; we will not allow them to violate democratic principles. We alert international organizations, the EU, the UN, the OAS, and civil society oversight bodies about these regrettable events that continue to affect our country's weak democracy and hinder this process of citizen participation.

• Twitter - Kawsachuan News

nitter | twitter

interesting take about MMT. gist is that this tarrif situation shows that MMT is critically missing that the bond market will discipline you hard if you try to do what you want with no regards to it. or at least that is what this account is claiming anyways

I myself still unfortunately have not read the works of mmt theorists myself so i have no clue if one of the follow up tweets (nitter | twitter) is accurate:

It does advocate for not worrying about the disciplining power of yhe bond market, as you may be aware if you're familiar with their literature

@xiaohongshu2@hexbear.net thoughts on this? you may also be interested in this very old book that they are claiming explains the state of the US monetary system today better than MMT: A resource of war-- The credit of the government made immediately available.: History of the legal tender paper money issued during the great rebellion. Being a loan without interest and a national currency (https://annas-archive.org/md5/0fc65fd1833dc4a7d03ab10914234f9b)

Trump needs to be more efficient at corruption. Instead of funneling money to the MiC via gov contracts and all the various forms of corruption he can just invite all the CEOs into a signal group and pump and dump the equity markets together using options. You can literally "make" hundreds of millions to billions of dollars overnight.

What happens if the US keeps provoking China and China sells off treasuries and uses the cash to pay off Latam and African debt?

huh