U.S. dollar soars
as global stock markets tumble after president’s
punishing new levies
Posted By: sunset, 8/1/2025 10:04:20 AM
The U.S. dollar is on track for its strongest weekly performance in nearly three years, while global stocks tumbled after President Donald Trump unveiled his sweeping new tariff plan targeting 92 countries facing new rates. With just hours to go before Trump’s self-imposed August 1 trade deadline, the president signed executive orders to impose tariffs between 15 and 41 percent on goods from dozens of countries. The dollar index rose 0.1 percent on Friday morning, hitting a two-month high. Meanwhile, the Canadian dollar slumped to a 10-week low against its U.S. counterpart after the president announced a punishing 35 percent levy for the country.
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The Office of Special Counsel has launched a formal investigation into Jack Smith, the first official legal probe into his conduct, The Post has learned. Smith is the justice department lawyer who oversaw two criminal investigations into President Donald Trump during the Biden administration, one into Trump’s handling of classified documents, the other as to whether his actions on Jan. 6th, 2021, were an attempt to overturn the 2020 election. Both cases were dismissed. The Hatch Act Unit, which enforces a law restricting government employees from engaging in political activities, has begun reviewing the former Special Counsel
A federal judge on Friday rejected a bid by 16 Democratic-led states to force U.S. President Donald Trump's administration to restore hundreds of millions of dollars of grants it canceled that support increasing diversity in science, technology, engineering and math fields. Democratic state attorneys general had urged U.S. District Judge John Cronan in Manhattan to block the National Science Foundation from canceling funding awarded to universities designed to increase the participation of women, minorities, and people in those fields, known collectively as STEM. They had argue that the Trump administration lacked the power to cap research funding and eliminate diversity programs and urged the judge to reverse grant terminations
A federal appeals court on Friday allowed President Trump to move forward with an order instructing a broad swath of government agencies to end collective bargaining with federal unions.
The ruling authorizes a component of Mr. Trump’s sweeping effort to assert more control over the federal work force to move forward, for now, while the case plays out in court. The appeals court noted that the affected agencies had been directed to refrain from ending any collective bargaining agreement until “litigation has concluded,” but also noted that Mr. Trump was now free to follow through with the order at his discretion.
Federal Reserve Governor Adriana Kugler will step down from her position on the central bank’s board, the Fed announced Friday, handing President Donald Trump a sooner-than-anticipated opportunity to install a new policymaker who aligns with his vision for interest rates. “It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler said in a resignation letter to Trump. (snip)Treasury Secretary Scott Bessent had suggested the administration might nominate someone to first fill Kugler’s seat and then later move to elevate that person to chair.
At least four tankers carrying Russian crude are idling off India’s western coast as mounting sanctions and warnings of steep U.S. tariffs disrupt oil flows, the Indian business outlet NDTV Profit reported. Two of the vessels, the Achilles and the Elyte, are anchored near the port of Jamnagar, which were both originally scheduled to arrive at the nearby Sikka terminal Thursday. The ships were loaded with crude at Russia’s export hubs and are subject to sanctions imposed by the E.U. and Britain. The delays come amid a significant shift in Indian purchasing behavior following threats from President Donald Trump, who has pledged 100% tariffs on countries that import Russian energy
The U.S. dollar is on track for its strongest weekly performance in nearly three years, while global stocks tumbled after President Donald Trump unveiled his sweeping new tariff plan targeting 92 countries facing new rates.
With just hours to go before Trump’s self-imposed August 1 trade deadline, the president signed executive orders to impose tariffs between 15 and 41 percent on goods from dozens of countries. The dollar index rose 0.1 percent on Friday morning, hitting a two-month high. Meanwhile, the Canadian dollar slumped to a 10-week low against its U.S. counterpart after the president announced a punishing 35 percent levy for the country.
A Navy pilot safely ejected from an F-35 jet moments before it crashed into a Fresno County cotton field in a fiery blaze Wednesday evening. The crash occurred about 6:30 p.m., not far from Naval Air Station Lemoore, the U.S. Navy said in a statement. The wreckage of the military jet burned as deputies with the Fresno County Sheriff’s Office, paramedics, firefighters and officers with the California Highway Patrol responded to the field north of the base. Emergency officials on the ground found the pilot with a parachute in a nearby field. A helicopter transported the pilot to a hospital for evaluation. “He is expected to be OK,”
The United States is suspending a "de minimis" exemption that allowed low-value commercial shipments to be shipped to the United States without facing tariffs, the White House said on Wednesday. Under an executive order signed by President Donald Trump, packages valued at or under $800 sent to the U.S. outside of the international postal network will now face "all applicable duties" starting on August 29. Goods shipped through the postal system will face one of two tariffs: either an "ad valorem duty" equal the effective tariff rate of the package's country origin, or, for six months, a tariff of $80 to $200 depending on the country of origin's tariff rate.
Harvard is now open to settling with the Trump administration. The Ivy League university is considering a $500 million deal as a way to end its months-long battle with the administration, according to the New York Times. News of the possible deal comes shortly after Columbia University agreed to a settlement as well, agreeing to pay more than $200 million for its antisemitism violation. With the Harvard settlement talks reportedly ongoing, the administration is now turning its attention to Duke, alleging the university has violated the Civil Rights Act. “Duke is being accused of sort of a reverse discrimination policy in selecting members of their law journal, their medical journal.”
N.C Senate Overrides 12 Governor Vetoes
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Today (Tuesday, July 29, 2025), the North Carolina Senate made history by successfully overriding 12 vetoes issued by Governor Josh Stein, the most ever overturned in a single day halting Gov. Stein's liberal agenda in its tracks. We are standing strong for common sense, parental rights, women, minors, businesses and freedom for North Carolinians. All 30 GOP senators voted for the overrides with 19 Democrat senators voting against them. Those overrides, however, must be ratified by the N.C. House. That vote may be months away. The bills overridden include measures to: Senate Bill 50: This bill would ensure that North Carolina becomes the 30th Constitutional Carry state.
Gun laws are changing in North Carolina. Two bills originally vetoed by Gov. Josh Stein have been overridden by the north Carolina legislature. There were a lot of people focused on a bill that would permit guns on the property of private and religious schools. State senators voted to override Stein's veto of House Bill 193 Tuesday, which would allow certain employees and volunteers at private and religious schools to carry concealed guns on campus, if allowed to by school leadership. Supporters say it provides protections similar to a public school, where there are school resource officers. The average time response time for law enforcement is 14 to 20 minutes,"
The U.S. DOGE Service is using a new artificial intelligence tool to slash federal regulations, with the goal of eliminating half of Washington’s regulatory mandates by the first anniversary of President Donald Trump’s inauguration, according to documents obtained by The Washington Post and four government officials familiar with the plans. The tool, called the “DOGE AI Deregulation Decision Tool,” is supposed to analyze roughly 200,000 federal regulations to determine which can be eliminated because they are no longer required by law, according to a PowerPoint presentation dated July 1 and outlines DOGE’s plans. The PowerPoint says: 50 percent are not required by law, 38 percent are statutorily mandated
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The family of one of the black suspects caught on viral video beating up white people in downtown Cincinnati made the incendiary claim that the only reason the assault made national news is that one victim was a white woman.
Police have made multiple arrests after the video of the woman in a black flowery dress who tried to intervene was sucker punched with a vicious blow to the blindside that knocked her to the street, resulting in serious injuries.
Among those identified in the incident is 34-year-old Montianez Merriweather, who was initially charged with aggravated riot and assault,
And There It Was — One Sentence in Declassified
Docs Proves We All Were Censored to Protect Hillary 26 replies
Docs Proves We All Were Censored to Protect Hillary 26 replies
It's hard to fathom the evil that led to creating fake intelligence to frame then-presidential candidate Donald Trump as a Russian spy and traitor to his country. We've seen in recently declassified documents that Hillary Clinton didn't do this alone. She commanded dozens, if not hundreds, of willing participants, including the George Soros foundation, President Barack Obama, the FBI, the weaponized intelligence agencies, and others, to bring Donald to his knees.Buried deep in the latest tranche of declassified documents called the Durham annex report, however, a deep state hawk has found something that is equally or more evil than changing intelligence to manipulate one election's outcome.
Biden warns of ‘dark days’ under Trump
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CHICAGO — Former President Joe Biden expressed alarm Thursday about attacks on the rule of law and threats to civil rights under President Donald Trump in some of his most pointed criticism about the new administration since leaving office. Biden, speaking to the National Bar Association in Chicago, did not mention Trump by name but his intended target was clear during remarks that only ran about 20 minutes. “You can’t sugarcoat it. These are dark days,” Biden told the crowd of nearly 1,100 members of the predominantly Black legal organization. The remarks echoed, at least in tone, some of his
The Department of Justice official who signed off on $2 million in taxpayer-funded payments to disgraced Russia collusion hoax participants left the Department of Justice to help lead the “legal resistance” to President Donald Trump and other duly-elected Republicans, new records reviewed exclusively by The Federalist reveal.[snip] Netter currently serves as the legal director at Democracy Forward, a Democrat Party-affiliated group launched in 2017 to fight President Trump with lawfare. The group brags that it took Trump to court more than 100 times in his first term in office. It has continued its use of the courts to win political battles into his second term in office.
Congress’s slashing of federal funding has resulted in one of the most useless agencies shutting down operations.
The far-left Corporation for Public Broadcasting announced in a press release on Friday that they were going to begin the process of closing down for good, despite a supposed outcry from millions of Americans.
The organization cited the shutdown due to the passage of the rescissions package last month and the release of the Senate Appropriations Committee’s FY 2026 Labor, Health and Human Services, Education, and Related Agencies (Labor-H) appropriations bill.
An Islamic center in Minnesota penned a gushing letter of support for a Somalian migrant convicted of raping a 12-year-old girl. Qalinle Ibrahim Dirie, 42, was convicted in May of first-degree criminal sexual conduct after he was found guilty of abducting the girl from her backyard and raping her in June 2024. Following his conviction, Dirie's local Islamic center, Al-Ihsan Islamic Center in St. Paul, submitted a heartfelt letter begging Hennepin County District Court Judge Michael Burns to consider the convicted criminal's 'character' before delivering a sentence, Alpha News reported.
Director of National Intelligence Tulsi Gabbard confirmed that the 2020 election was compromised, and the federal government knew about it.
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“I’ve got a long list of things that we’re investigating. We have the best going after this, election integrity being one of them,” Gabbard said.
She continued, “We have evidence of how these electronic voting systems have been vulnerable to hackers
Harris to Colbert: Trump Broke Me
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Why did Kamala Harris take a pass on running for governor in California? It's not because she's aiming at another presidential run in 2028, Harris told Stephen Colbert. It's because she finally lost an election.
No, seriously. "I don't want to back into the system," she explains, "because the system is broken." And if you think that's absurd, Colbert manages to top it: Ahem. If anyone has reason for gratitude toward "the system," it's Harris. She is and has always been an intellectual lightweight who counted on "the system" to keep her in office. It was the Democrat establishment that ensured she kept winning
A radical judge used the race card on Thursday in the latest judicial ruling against the Trump Administration.
As Politico reported, U.S. District Judge Trina Thompson, who is based in the People’s Republic of San Francisco, barred the Trump Administration from cancelling Temporary Protected Status (TPS) for migrants from the following countries: Nicaragua, Honduras, and Nepal.
Approximately 63,000 people from these countries were supposed to be deported by September 8 because DHS Secretary Kristi Noem had imposed a deadline. 53,000 of the migrants are from Honduras, while about 3,000 are from Nicaragua and roughly 7,500 from Nepal.
Now, TPS status for Hondurans, Nepalis, and Nicaraguans has been extended until Nov. 18.
Monday’s mass shooting is a problem for Zohran Mamdani not just thanks to his long record of cop-bashing, but because he was off vacationing at the family estate in Uganda when it happened.
Any candidate could have been out of town in late July, but no others would be partying at a grand colonial compound an ocean away from home.
And it’s an extra-icky look for a socialist who’s supposedly pro-equality and anti-imperialistic.
Yes, the gated Mamdani spread in the ritzy Buziga Hill neighborhood of Kampala, Uganda, belongs to Zohran’s Hollywood-director mom and Columbia radical-prof dad, but he plainly feels fully privileged to enjoy it.
President Trump ordered the dismissal Friday of the head of the Bureau of Labor Statistics (BLS), hours after the economic data collection agency released a report showing unemployment ticked up last month.
Now-former BLS Commissioner Erika McEntarfer, an appointee of former President Joe Biden, triggered Trump’s fury after her agency announced lower than expected employment gains in July and revised the numbers for May and June downward by a total of 258,000 jobs.
The president accused McEntarfer of manipulating the data and charged that she had done so in the past.
The Trump administration withdrew $200 million in federal research funding to the University of California Los Angeles (UCLA) after a Department of Justice (DOJ) finding Thursday that it had violated the civil rights of Jewish students.
As Breitbart News reported earlier this week, UCLA settled a lawsuit brought by Jewish students — and was promptly hit with a DOJ finding that it had violated the Fourteenth Amendment and the Civil Rights Act.
Breitbart News reported:
In April 2024, UCLA allowed anti-Israel students to set up an “encampment” in the center of campus. The university surrounded it with metal barricades and allowed activists to patrol the encampment boundary.
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Canada's banker Prime Minister is more interested in making deals with Hamas.