Rising, 07/21/26
Source: The Hill
“Dems flailing in midterm polls despite Trump; socialists to blame?” (07/21/26)
Exporters Still Are Not Eating the Trump Tariffs: They are Taxes on Us
Source: CounterPunch
by Dean Baker
“As we all know, Donald Trump likes to play the tough guy. Unfortunately, he often does it in really foolish ways, and this time I’m not talking about his war against Iran. I’m talking about Trump’s tariffs. From the way he talks, he seems to think that foreign countries are sending us checks equal to the tariffs he has imposed on U.S. imports from them. Donald Trump’s mind can be a scary place, so it’s not worth trying to tease out his thought process, except to point out that the idea that foreigners are sending us checks is absurd.” (07/21/26)
Judge Approves a $1.5 Billion Anthropic Settlement Over Books Used to Train the Claude Chatbot
Source: US News & World Report
“A federal judge has approved a $1.5 billion copyright settlement in which artificial intelligence company Anthropic will pay thousands of authors about $3,000 per book after using pirated copies of their works to train its Claude chatbot. District Judge Araceli Martínez-Olguín said in a Monday ruling that the class-action settlement provides ‘meaningful relief’ to affected authors and publishers. About 91% of the more than 482,000 books covered by the ruling have been claimed by authors or publishers who are now due payment. Plaintiff attorney Justin Nelson said in a statement that the settlement was ‘the largest known copyright recovery in history. We look forward to making distributions to the Class as promptly as possible.'” (07/21/26)
The Trump economy is doing better than the media want to admit
Source: Fox News
by Liz Peek
“President Donald Trump has a good story to tell on the economy; he should be telling it, because it’s a sure bet the liberal media will not. Consider the big picture: unemployment is low, real wages are rising, the stock market is high, investment is booming and inflation, though above the Federal Reserve’s target, came down last month, and will recede again once oil prices stabilize. (Inflation, most recently at 3.5%, and at 2.6% excluding volatile food and energy, is also significantly below the 4.95% recorded on average under President Joe Biden.) … Sure, we have challenges, as always, and especially with the cost of living being too high and housing too expensive for many Americans. But, overall, the economy is in pretty good shape. That’s not what most people think.” (07/21/26)
https://www.foxnews.com/opinion/liz-peek-trump-economy-doing-better-media-admit
Chance and its consequences
Source: Adam Smith Institute
by Madsen Pirie
“William James called her ‘the bitch-goddess, Success.’ He meant it as a complaint about America’s worship of her, but the phrase catches something true. She is a goddess because we deify whatever she touches, crediting it with foresight and merit it never had. She is a bitch because she hands out her favours with no regard for desert at all. What I want to call contingency is just her proper name – the rather distinguished term by which we dress up and disguise mere chance.” (07/21/26)
Trump Is NOT A Reluctant War President
Source: Caitlin Johnstone
by Caitlin Johnstone
“One of the dumbest popular narratives you see today is the idea that Zionists persuaded a reluctant Trump to start a war with Iran after he was re-elected, like they were chasing him around going ‘Would you like to bomb Iran? like the guy from Green Eggs and Ham while he yelled ‘Not in a box! Not with a fox!’ until he eventually caved in. It is now abundantly clear that this war was planned a long time ago. Not in 2026, not in 2025, not in 2024, and not even during the Biden administration. This was planned before Trump was ever elected president.” (07/21/26)
https://caitlinjohnstone.com.au/2026/07/21/trump-is-not-a-reluctant-war-president/
Hungary: Prosecutors raid Orbán party’s data center in embezzlement probe
Source: ABC News
“Prosecutors and investigators with Hungary’s tax authority on Tuesday raided offices housing data servers used by former prime minister Viktor Orbán ‘s Fidesz party as part of a probe into suspected embezzlement and other crimes, a prosecutor’s office spokesperson told The Associated Press. Fidesz accused the governing Tisza party, led by pro-European Prime Minister Péter Magyar, of seeking to use legal means to destroy it. Marianna Bodó, a spokesperson for the Bács-Kiskun County chief prosecutor’s office, said in an email that the raid was part of an investigation into the suspected misuse of grant money through Hungary’s National Cultural Fund while Orbán’s government was in office.” (07/21/26)
Trump Watch, 07/21/26
Source: Future of Freedom Foundation
“Trump’s Iran Tar Baby Grows Bigger.” (07/21/26)
The AI tax movement is built on a myth
Source: Washington Post
by Adam Michel
“Washington at last seems to have hit upon a revenue idea that both Republicans and Democrats like: taxing artificial intelligence to help the American worker. Too bad it would do the opposite. On the right, President Donald Trump wants AI companies to give ‘something back to the public,’ while Sen. Josh Hawley (R-Missouri) has expressed openness to taxation to make sure AI companies ‘are actually working for the public good.’ On the left, Sen. Bernie Sanders (I-Vermont) wants the public to own half of the biggest AI companies, and Rep. Ro Khanna (D-California) has called for a tax on AI tokens, the basic data unit processed by large language models. The various tax proposals rely on different mechanisms, but the same story motivates them. It’s a story based on a zero-sum assumption — that gains for capital automatically means losses for labor.” (07/21/26)
Diamonds in the Lab
Source: Foundation for Economic Education
by Stefan Bartl
“From De Beers’s 1940s slogan ‘A Diamond Is Forever,’ to ‘Every Kiss Begins with Kay’ and ‘He Went to Jared,’ the diamond industry had already done its most important work before anyone chose a ring. It had written the rules of romance: what love looked like, what it cost, and what it said about someone who spent less. Those rules were not ancient traditions. The industry manufactured not diamonds, but desire. Even in popular culture, Rihanna gave us the song ‘Diamonds.’ The more interesting economic story, however, is not the diamonds in the sky, but the diamonds in the lab. Desire has not gone anywhere. For the first time, it has a better offer.” (07/21/26)