Thursday, May 29
First Things First
WORLD
Tour de headlines
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A federal trade court blocked Trump’s tariffs. You may not have heard of the Court of International Trade before, but you’re about to hear about it a lot: A three-judge panel knocked down most of President Trump’s tariffs yesterday, saying the emergency law he invoked to impose them (the International Emergency Economic Powers Act of 1977) didn’t give him the power to do so. The panel said Congress couldn’t delegate “unbounded tariff power” to the president and that the US trade deficit didn’t meet the law’s definition of an extraordinary threat. The president used the law to impose the so-called reciprocal tariffs on almost all trading partners, as well as additional tariffs on Mexico, Canada, and China. The Trump administration filed a notice saying it plans to appeal, and final say is likely to rest with the Supreme Court.
Nvidia’s sales still ripping despite lack of access to China market. Looks like CEO Jensen Huang isn’t going to regret his logo tattoo after all, since business is good at Nvidia. Yesterday, the chipmaker reported a profit of $18.8 billion, a 26% YoY increase, and $44.1 billion in revenue, a 69% jump. And it expects to keep the good times rolling next quarter, forecasting $45 billion in revenue, despite US restrictions that keep it from sending chips to China, one of the world’s biggest markets. Noting that “half of the world’s AI researchers” are based there, Huang told analysts that “shielding Chinese chip makers from US competition only strengthens them abroad.”
Elon Musk is “disappointed” by the Republican tax bill. Though President Trump has championed the megabill laying out taxes and spending that’s being considered by the Senate after passing the House, his confidant Musk isn’t sold on it because it adds to the deficit and “undermines the work that the DOGE team is doing.” Musk added in an interview clip released by CBS on Tuesday that he thinks “a bill can be big or it could be beautiful, but I don’t know if it could be both.” Then yesterday, Musk announced he was leaving his government role. When asked about Musk’s criticism of the bill, the president noted that negotiations are ongoing, and that compromises had to be made given the lack of support from Democrats and the GOP’s narrow House majority.—AR
Robert Reich
The 19th-century doctrine that most closely resembles Trumpism
A lithograph from the late 19th century, entitled
“History repeats itself — the robber barons of the
Middle Ages and the robber barons of today.”
Cut Medicaid to give billionaires a huge tax cut. But why?
They say they want a smaller government, but that can’t be it.
Most seek a larger national defense and more muscular homeland security. Almost all want to widen the government’s powers of search and surveillance inside the United States — expunging undocumented immigrants, “securing” the nation’s borders. They want stiffer criminal sentences. Many also want government to intrude on the most intimate aspects of private, intimate life.
Many call themselves conservatives, but that’s not it, either.
They don’t want to conserve what we now have. They’d rather take the country backward — before the Environmental Protection Act, before Medicare and Medicaid, before the New Deal and its provision for Social Security, unemployment insurance, the 40-hour workweek, before official recognition of trade unions, even before the first national income tax, antitrust laws, and Federal Reserve.
At A Glance
Toddler becomes the youngest-ever member of Mensa.
Turkey to fine airplane passengers who stand up too early.
See the making of an AI film.
Summers are getting warmer in most US cities, study finds.
How hot dogs are made ... and a little bit of history. (via YouTube)
Brazilian nun shows off beatboxing skills on Catholic television.
Why Gen Z hates the smiley face.
... and a celestial emoji will appear in tonight's sky.
Clickbait: Loose pigeons wreak havoc on airplane.
In The NEWS
Sports, Entertainment, & Culture
> Sean "Diddy" Combs sex trafficking trial continues as ex-aide testifies Combs kidnapped her at gunpoint, threatened to kill rapper Kid Cudi (More)
> President Donald Trump threatens to withhold federal funding from California if it allows a transgender female athlete to compete in state's high school track and field championship (More) | Cornell wins first NCAA men's lacrosse title since 1977; UNC finishes season undefeated to win women's lacrosse championship (More)
> Billie Eilish dominates the 2025 American Music Awards, bringing home seven awards (More) | Rick Derringer, legendary rock musician and songwriter whose career spanned six decades, dies at age 77 (More)
Science & Technology
> Health Secretary Robert F. Kennedy Jr. says Centers for Disease Control and Prevention will remove COVID-19 shots from its list of recommended immunizations for healthy children and healthy pregnant women (More) | See announcement via X (More)
> Researchers discover first tools made from whale bones dating back 20,000 years in what is now Western Europe, roughly 15,000 years earlier than previously known (More)
> New memory model suggests brain cells known as astrocytes are involved in storing memories; may explain brain's larger-than-expected storage capacity (More)
Business & Markets
> US stock markets close higher (S&P 500 +2.1%, Dow +1.8%, Nasdaq +2.5%) on optimism the US will secure a trade deal to prevent 50% tariffs on goods from the European Union (More)
> Salesforce acquires cloud data management firm Informatica in $8B equity deal (More) | Motorola Solutions to buy wireless radio-maker Silvus Technologies for $4.4B (More) | Neuralink, Elon Musk's brain implant company, raises $600M at $9B valuation, up from $3.5B valuation in 2023 (More)
> Southwest ends policy of two free checked bags per passenger, the last major airline to offer the perk; most Southwest passengers will now pay $35 for a first checked bag, $45 for a second (More)
Politics & World Affairs
> State Department pauses all new student visa interviews as Trump administration considers updating procedures to vet applicants' social media profiles (More)
> Chaos erupts at new Gaza distribution center as thousands of people attempt to secure aid from US- and Israeli-backed distribution group (More) | See updates on the war (More)
> Cholera outbreak in Sudan sparks concerns of public health disaster, with drone strikes on water purification stations reducing access to clean water; more than 150,000 people have been killed in the two-year civil war (More)
SOURCE: 1440 NEWS
Inflation
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In 1966, a nickel bag of marijuana cost the buyer $5 hence the name nickel bag. Today, that same nickel bag, about 1/2 to 1 gram, depending upon your location can cost you $25 to $75 depending upon your location as well.
However, in many states' marijuana is legal so the price will vary with the demand. The more the demand, the higher the price, unless the quantity increases.
In 1966, a dollar had significantly more purchasing power. Adjusted for inflation, $1 in 1966 is equivalent to about $9.92 today. This means that prices have increased nearly tenfold over the years due to inflation.
Prices have increased TENFOLD since 1966 or over a 60 year period of time, and while that seems like a fairly long period of time, it represents 2/3 of an individual's life span.
Therefore, you can guarantee yourself that during your LIFETIME, inflation will increase tenfold.
Historical DATA can sometimes be a bitch but one cannot cloud the truth if one has data.
Now, while inflation could be a problem for you if you don't anticipate this change, a bigger change that is not being talked about to the extent that it needs to be is AI HUMANOID ROBOTS and how they will be replacing a majority of jobs.
Robots and inflation.
PLAN FOR THE WORST
HOPE FOR THE BEST
In so doing you cannot go wrong...
Scientists Are Pretty Sure They Found a Portal to the Fifth Dimension
In the latest chapter in The End of the World As We Know It (2020-present), scientists have proposed the existence of a particle that can act as a portal to a fifth dimension.
The sci-fi hypothesis was published in a new study in The European Physical Journal C. It suggests that the particle can provide an explanation for dark matter, which has never been observed directly but is thought to account for most of the universe’s mass. Researchers say particles can travel across the whole universe, including to the fifth dimension.
Scientists have been questioning our universe’s known four dimensions for years. These are: three of space (up and down, left and right, back and forth – AKA 3D) and one of time. This extensive research has produced 5D equations, which, according to VICE, “express the implications an extra dimension would have on the universe, and reality itself”.
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