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bigjoe1
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| Number of Posts: | 1568 |
| Registered on: | 1/15/2024 |
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And let me guess. Tariffs will pay for it.
1
Trump credit cards?
Posted by bigjoe1 on 1/16/26 at 1:17 pm
quote:CNBC
White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as a means to address President Donald Trump’s affordability push.
A week ago, Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
Now, Hassett, who is director of the National Economic Council, is floating a different plan, this one more narrowly focused on consumers who don’t have credit access but have the income to justify credit lines.
“They could potentially voluntarily provide for people who are in that sort of sweet spot of not having financial leverage very much because they don’t have access to credit, but they have enough income and stability in their lives so they’re worthy of credit,” Hassett told Fox Business host Maria Bartiromo.
“Our expectation is that it won’t necessarily require legislation, because there will be really great new ‘Trump cards’ presented for folks that are voluntarily provided by the banks,” he said.
The comments could indicate that the administration is downgrading its efforts for broad changes to the card industry that would be difficult to enact and that could hit consumer spending and the economy.
This week, bankers discussing fourth-quarter results said that rather than offering cards at a 10% interest rate, as Trump has said should happen by Jan. 20, the banks would simply close many customers’ accounts.
Hassett’s statement came in response to a question about whether bankers would be forced to comply with Trump’s rate cap, a move that would probably require new legislation.
The administration has been talking with “CEOs of many of the big banks who think that the president’s onto something,” Hassett said.
At least one major credit card issuer and a bank lobbyist representing big lenders told CNBC that they haven’t yet had any discussions with the administration about the “Trump card” concept.
quote:
How do you know they aren't?
I live in NE Al. and we are overrun with illegals working at poultry processing plants.
Al. uses Japanese interment law to charge immigrants who don't register
Posted by bigjoe1 on 1/16/26 at 11:38 am
quote:
Alabama is finding new ways to criminally charge undocumented immigrants. Federal courts in the state are reinterpreting a law last used during the U.S. internment of Japanese in America during World War II to charge immigrants without legal papers for not self-registering.
“The Trump administration is attempting to effectively criminalize unlawful presence in the United States,” said immigration attorney Danny Upton, “to facilitate (the immigrants’) own eventual removal.”
quote:AL.com
In 2025, 27 people were charged with Failure to Register under the Alien Immigration Act in Alabama, and 13 were charged with failure to notify of change of address. Public records in Alabama don’t reflect what events led up to these people being criminally charged for not registering, but court documents do show traces of their paths from Alabama to detention facilities, mostly in Louisiana.
Sounds lke a plan to me!
re: Trump's approach to mass deportations of illegals is impotent, here's a tip for success.
Posted by bigjoe1 on 1/16/26 at 11:19 am to Bass Tiger
quote:
Hadn't seen that news release, sounds good.
The article is dated 6/12/25
Now do it.
Trump floats tariffs to acquire Greenland
Posted by bigjoe1 on 1/16/26 at 10:34 am
quote:CNBC
President Donald Trump said Friday he may impose tariffs on countries “if they don’t go along with Greenland.”
“We need Greenland for national security. So I may do that,” Trump said at the White House.
The comments show Trump, whose push to acquire Greenland for the U.S. has grown increasingly aggressive in recent months, turning to one of his favorite tools for leveraging power over foreign nations.
The White House did not immediately respond to CNBC’s request for additional information on Trump’s remarks.
The Trump administration has previously said it is weighing multiple options, including utilizing the U.S. military, in order to take over the Danish territory.
Trump asserts it is essential that America own Greenland — even though the U.S. already maintains a military base there — because of national security concerns posed by China and Russia.
The White House has also said the U.S. is considering making an offer to buy the Arctic island. But Greenland and Denmark have repeatedly insisted that the territory is not for sale and has no wish to be absorbed into America.
Trump’s suggestion that he may wield tariffs to get his way on Greenland came after he described a similar strategy to force foreign countries to raise their drug prices.
Trump has pushed to lower the cost of U.S. drugs by mandating that domestic prices match lower ones paid overseas.
At the White House event Friday, Trump said he threatened the leaders of multiple countries to either raise drug prices as part of a “most favored nations” deal, or else face heavy tariffs on all their imports to the U.S.
“I may do that for Greenland too. I may put a tariff on countries if they don’t go along with Greenland, because we need Greenland for national security,” Trump said.
quote:
Does it allow us to buy insurance across state lines
Don't know. The article said it's an outline so it's sparse on details.
GS wants to get into the prediction market
Posted by bigjoe1 on 1/15/26 at 12:54 pm
quote:CNBC
Goldman Sachs
CEO David Solomon said Thursday the giant Wall Street investment bank is actively exploring opportunities in prediction markets, signaling growing institutional interest in a corner of finance that has gained increased traction among traders.
“The prediction markets are also super interesting,” Solomon said on Goldman’s fourth-quarter earnings call, according to a FactSet transcript. “I personally met with the two big prediction companies and their leadership in the last two weeks and spent a couple of hours with each to learn more about that. We have a team of people here that are spending time with them and are looking at it.”
Prediction markets like Kalshi and Polymarket allow investors to trade contracts tied to the outcome of world events, ranging from elections and economic data releases to policy decisions. Goldman’s interest comes as prediction markets gain visibility amid debates over market transparency and regulatory boundaries.
Some platforms operate under the oversight of the Commodity Futures Trading Commission, a distinction that Solomon said makes the products look increasingly similar to traditional financial instruments.
“When you think about some of these activities, particularly when you look at some of the ones that are CFTC regulated, they look like derivative contract activities,” said the 63-year old CEO who’s led Goldman since 2018. “So I can certainly see opportunities where these cross into our business.”
Still, Solomon struck a note of caution on timing, pushing back on expectations that Wall Street’s embrace of prediction markets will be rapid.
“I think there’s a lot of reason to be excited and interested in these things,” he said. “But the pace of change might not be as quick and as immediate as some of the pundits are talking about. But I think they’re important, real. And we’re spending a lot of time.”
re: Feds indict 20 in NCAA basketball point shaving
Posted by bigjoe1 on 1/15/26 at 12:26 pm to gladchiefisgone
quote:
Online betting had nothing to do with this...move along ...wink wink.
The hypocrisy from the NCAA, NBA, NFL, and MLB. They warn about the dangers of gambling but are promoting it for all of their contests.
re: Trump outlines healthcare plan
Posted by bigjoe1 on 1/15/26 at 12:04 pm to OysterPoBoy
The ACA is just unfixable
Feds indict 20 in NCAA basketball point shaving
Posted by bigjoe1 on 1/15/26 at 12:02 pm
quote:ESPN
Cedquavious Hunter and Dyquavian Short,
Trump outlines healthcare plan
Posted by bigjoe1 on 1/15/26 at 11:53 am
quote:CNBC
President Donald Trump on Thursday rolled out the broad outline of a health-care plan that the White House claims will lower drug prices and insurance premiums.
The announcement came as a congressional effort to extend key Affordable Care Act tax credits faces headwinds from Senate Republicans, leaving millions at risk of seeing their health insurance premiums spike.
The Trump administration dubbed the initiative “The Great Healthcare Plan,” the president said in a video unveiling the policy Thursday morning.
“I’m calling on Congress to pass this framework into law without delay,” Trump said. “Have to do it right now.”
The plan would codify the deals Trump recently struck with major drugmakers to slash the cost of certain prescription drugs in the U.S. by pegging them to lower prices abroad, as part of his “most-favored-nation” policy.
More than a dozen pharmaceutical companies agreed to lower prices on certain products for Medicaid patients in exchange for a three-year exemption from tariffs.
As part of those deals, companies also agreed to sell some medicines at a discount on Trump’s direct-to-consumer platform, Trump Rx.
Trump, in his video announcement, said those lower drug prices will take effect on the platform when it launches this month. He claimed that those prices would plunge by as much as 500%, even though that would mean prices would fall far below $0.
The health-care framework would “make more verified safe pharmaceutical drugs available for over-the-counter purchase,” according to a White House fact sheet.
It would also purportedly send money for health insurance coverage “directly to the American people” instead of giving “big insurance companies billions in extra taxpayer-funded subsidy payments,” the fact sheet says. Trump has repeatedly floated similar proposals in recent remarks.
The plan would additionally “fund a cost-sharing reduction program,” which the administration says would “reduce the most common Obamacare plan premiums by over 10%.”
Other components of the policy include requiring health insurers to prominently post coverage comparisons “in plain English” on their websites, along with other information about overhead costs and claim denial rates.
It would also require providers who accept either Medicare or Medicaid “to publicly and prominently post their pricing and fees to avoid surprise medical bills.”
More students choosing CC or accredited training programs
Posted by bigjoe1 on 1/15/26 at 11:18 am
quote:
Enrollments in undergraduate certificate and associate degree programs both grew by about 2% in fall 2025, while enrollment in bachelor’s degree programs rose by less than 1%, the report found. Community colleges now enroll 752,000 students in undergraduate certificate programs — a 28% jump from just four years ago.
quote:CNBC
Under President Donald Trump’s “big beautiful bill,” which Congress passed last year, students enrolling in workforce training programs at community colleges may be eligible for Pell Grants, a type of aid awarded solely based on financial need. The grants are worth up to $7,395 for the 2025-26 academic year. Previously, these funds were only available to degree-seeking undergraduate students.
Wasn't aware that Pell Grants could be used for training programs. That's a game changer :cheers:
re: Trump set to unveil a MAJOR healthcare package this Friday!
Posted by bigjoe1 on 1/15/26 at 10:31 am to SallysHuman
quote:
AFTER they just voted to continue subsidizing obamacare?
That was in the House. Hopefully the Senate stands firm.
Sounds like the ICE agent needs some more range time.
Fed Beige Book shows some tariff costs being passed to consumers
Posted by bigjoe1 on 1/14/26 at 2:19 pm
quote:FederalReserve
Prices
Prices grew at a moderate rate across a large majority of Districts, with only two Districts reporting slight price growth. Cost pressures due to tariffs were a consistent theme across all Districts. Several contacts that initially absorbed tariff-related costs were beginning to pass them on to customers as pre-tariff inventories became depleted or as pressures to preserve margins grew more acute. But contacts in a few industries—like retail and restaurants—were reluctant to pass costs along to price-sensitive customers. Energy and insurance costs continued to be a significant strain on margins. Looking ahead, firms expect some moderation in price growth, but anticipated prices to remain elevated as they work through increased costs.
Didn't listen but have seen a few articles from observers that think Roberts and the majority will ban tranny males from women's sports.
Interesting biotech stock-BioNtech SE {BNTX}
Posted by bigjoe1 on 1/13/26 at 3:16 pm
Yahoo finance
This was my pick in the pick em 2026 thread. Huge number phase 3 cancer trials using mRNA technology. And yes I know they were PFE's partner in developing the Covid vaccine.
I think it's worth a taking a speculative shot.
This was my pick in the pick em 2026 thread. Huge number phase 3 cancer trials using mRNA technology. And yes I know they were PFE's partner in developing the Covid vaccine.
I think it's worth a taking a speculative shot.
quote:
2026 poised to be a catalyst-rich year for BioNTech with continued late-stage pipeline progress with candidates across immunomodulators, antibody-drug conjugates and mRNA immunotherapies
Expected 2026 oncology milestones include seven late-stage data readouts and to have 15 Phase 3 clinical trials ongoing by year end
Additional late-stage trial readouts through 2030+ set to create multiple launch opportunities across tumor types, building BioNTech into a multi-product oncology company
Financial strength with €17.2 billion in cash and cash equivalents plus security investments1, COVID-19 vaccine revenue stream, disciplined R&D spend, and strategic partnerships will continue to enable sustainable innovation
quote:
Not enough
two problems. Not enough and way too long to wait.
re: Trump’s Justice Department launches a criminal investigation of Fed chair; JPow responds
Posted by bigjoe1 on 1/13/26 at 12:32 pm to SlidellCajun
quote:More and more Republican politicians are coming out in support of Powell.
Asked in an interview with Fox Business on Monday whether he believed the probe was political, Sen. Roger Marshall, R-Kan., said Trump was perhaps “almost trolling here,” adding, “We’ve got bigger issues to go after than this one.”
House Financial Services Committee Chair French Hill, R-Ark., defended Powell as "a person of the highest integrity" and warned that the subpoenas "could undermine this and future Administrations’ ability to make sound monetary policy decisions."
“Pursuing criminal charges relating to his testimony on building renovations at a time when the nation’s economy requires focus and creates an unnecessary distraction,” Hill said in a statement. Hill's committee oversees the Federal Reserve, the Treasury Department and the Securities and Exchange Commission.
Trump and Treasury Secretary Scott Bessent spoke Sunday evening after the Justice Department announced its investigation, two sources familiar with the conversation told NBC News.
One of the sources described the situation as a mess — citing blowback from Congress — and said Bessent expressed his frustration to Trump that it creates an unnecessary distraction from other work on the Treasury Department’s plate.
Can't help but wonder why not start the investigation with the Fed's NBC IG
re: SCOTUS Arguments On Men in Women's Sports
Posted by bigjoe1 on 1/13/26 at 9:32 am to CU_Tigers4life
A damn shame a hearing is even necessary
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