The Trump administration says its new tariffs are aimed at combating forced labor. But the countries with the highest rates of modern slavery are largely exempt, while countries with the lowest rates are being hit with tariffs. So what are the tariffs really targeting?
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
Plus, a whole new round of major U.S. corporation closures and layoffs were announced in Arizona, California, Colorado, Georgia, Illinois, Iowa, Louisiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Virginia, Washington, West Virginia and Wisconsin.
Read the full report, but the "To the mat" section is worth posting here in full:
To the Mat
World Wrestling Entertainment in Stamford, CT, is throwing 10% its staff to the mat and counting to three. This reduction of about 57 employees will result in annual savings of about $8 million and doesn’t count any of its wrestlers, who are independent contractors. In addition to staffing, the company has completed a comprehensive evaluation of its operating and capital expenditures and has identified additional efficiencies, but did not go into detail.
