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  • Floydunecy
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7 minutter siden
Trump has delayed his monster tariffs. Here’s why you should care

Job losses
But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods.

“A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said.

Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.

When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.

Costs of free trade
While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.

One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.

That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.

He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.

In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.

Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.

However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”

But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.

As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.

  • RichardSheet
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21 minutter siden
‘Hire back park staff’: Visitors feel the pinch of Trump’s layoffs at National P

Questioned by both Republicans and Democrats on Capitol Hill about the low staffing numbers, Interior Secretary Doug Burgum has brushed off concerns, testifying in May that slightly less than half of permanent NPS employees work on the ground in the parks, while other staff work at regional offices or at DC headquarters.
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“I want more people in the parks,” Burgum said. “I want less overhead. There’s an opportunity to have more people working in our parks … and have less people working for the National Park Service.”
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But internal NPS data tells a different story, Brengel said, showing that around 80% of National Park Service staff work in the parks. And regional offices play an important supporting staff role, with scientists on staff to help maintain fragile parks ecosystems, as well as specialists who monitor geohazard safety issues like landslides.

Republican Sen. Lisa Murkowski of Alaska recently pressed Burgum to provide a full list of staff positions that have been cut at the National Park Service, Bureau of Land Management and the US Forest Service since the Trump administration took over. The Interior Department has not provided the list, a Senate staffer said.
The regional offices within the park service are on edge, waiting to see how courts rule on a Trump administration reduction in force plan they fear could gut their ranks, a National Park Service employee in a Western state told CNN.

“If they greenlight the RIF plan, then it’s going to be a bloodbath,” the employee said.

In addition to probationary workers that were fired in February, early retirements are also culling the agency’s ranks, and the continued $1 spending limit on federal workers’ credit cards is making it extremely difficult to do field work in the parks, with a simple overnight trip needing to be requested 10 days in advance, the employee added.

The lack of superintendents and NPS supervisors creates more of a headache, they added.

“These times, when it’s all about fighting for scarce resources, you really need those upper-level people with clout working the system,” the employee said.

Hall, the retired NPS regional director, said losing rangers, maintenance professionals and park superintendents could profoundly alter American landmarks.

“What you’ve lost with all this attrition – you’ve lost all this knowledge that’s going to take years to build back up,” Hall said.

  • Mariogot
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1 time 36 minutter siden
Elon Musk’s AI chatbot is suddenly posting antisemitic tropes

Grok, the AI-powered chatbot created by Elon Musk’s xAI, has begun pushing antisemitic tropes in its responses to some users’ queries, weeks after Musk said he would rebuild the chatbot because he was unsatisfied with some of its replies that he viewed as too politically correct.
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On Tuesday, Grok connected several antisemitic tropes to an X account with a name it identified as being “Ashkenazi Jewish” that caused controversy with offensive comments posted online about the victims of the recent Texas floods.
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hat surname? Every damn time,” Grok said in response to a user who asked the bot to identify a woman in an unrelated image. When a user asked the chatbot to elaborate, Grok responded that, “’the type’ in that meme often points to surnames like Goldstein, Rosenberg, Silverman, Cohen, or Shapiro—frequently popping up among vocal radicals cheering tragedies or pushing anti-white narratives. Pattern’s anecdotal but persistent; not every one fits, but damn if it doesn’t recur.”

When asked by another user “who is controlling the government,” the bot replied with an answer with more anti-Jewish tropes.
“<T>hat surname? Every damn time,” Grok said in response to a user who asked the bot to identify a woman in an unrelated image. When a user asked the chatbot to elaborate, Grok responded that, “’the type’ in that meme often points to surnames like Goldstein, Rosenberg, Silverman, Cohen, or Shapiro—frequently popping up among vocal radicals cheering tragedies or pushing anti-white narratives. Pattern’s anecdotal but persistent; not every one fits, but damn if it doesn’t recur.”

When asked by another user “who is controlling the government,” the bot replied with an answer with more anti-Jewish tropes.

  • ThomasKeele
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  • Samuelpah
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2 timer 46 minutter siden
Wildfires are tearing through a popular tourist hotspot in Greece, forcing mass

More than 200 firefighters are struggling to tackle an out-of-control wildfire on Crete — Greece’s largest island and a tourist hotspot — as authorities order mass evacuations.
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The fire broke out Wednesday afternoon near Ierapetra, a town on the island’s southeast coast, amid unusually high temperatures, 3 to 5 degrees Celsius (5.4 to 9 Fahrenheit) above average, and gale-force winds of around 50 miles an hour.

The conditions are creating “new outbreaks, making firefighting work very difficult,” the Fire Department’s press spokesperson, Chief Vasilios Vathrakoyannis, said in a statement Thursday.
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More than 230 firefighters, along with 46 vehicles and 10 helicopters have been deployed to fight the blaze, according to fire officials.

The flames have spread rapidly, reaching homes as well as hotels and other tourist accommodations.

Authorities asked residents of four settlements to evacuate and move toward Ierapetra. About 1,500 people have been evacuated so far, according to the Greek public broadcaster ERT.

The Ierapetra municipality has converted an indoor training center facility into a makeshift camp, where hundreds of tourists and residents who abandoned their homes spent the night Wednesday.
The police, medical services and the coast guard have all been called to the area.

“We are entering the third and most difficult month of the fire season,” Vathrakoyannis said. July is typically the hottest month in Greece and is often accompanied by strong winds. “These conditions favor the spread of fires and increase their danger,” he said.
Wildfires have ripped through other European countries this week as the continent endures a brutal heat wave.

Tens of thousands were evacuated in Turkey as blazes ripped through the western Izmir and Manisa provinces and southern Hatay province, damaging nearly 200 homes.

Blazes also broke out in France and in Spain, where two people died.

Europe experiences wildfires every year, but they are becoming more intense and frequent due to human-caused climate change, which fuels heat and drought, both helping set the stage for fierce, destructive fires.

  • BuddyJeopS
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