I watched America's Test Kitchen with Lashanna and sampled Greek honey cookies I just baked for delivery tomorrow.
US economy contracted in first quarter 2025 after steady expansion for four years. Conservative Wall Street Journal warned Trump policies could lead to 1930s economic crash. Former social security administrator warned social security could crash in a few months due to understaffing. So Trump flacks and Fox are all suddenly talking about "Biden recession".
Damn, so the FBI and the DOJ headquarters are for sale. So are some of the federal buildings in Portland, including the big new nice one that our senators' offices and the headquarters for the Bonneville Power Administration. Losing more workers out of DT Portland is going to suck.
Trump calls for an end to the Chips Act, redirecting funds to national debt | "Your Chips Act is a horrible, horrible thing" Trump suggested that manufacturing companies would be incentivized to build facilities in the US to avoid the new tariffs he has introduced. "We don't have to give them money," Trump said. ... TSMC's $6.6 billion grant awarded under the US Chips Act was finalized last November. Lutnick said the government was not planning on giving TSMC any new subsidies, despite it being eligible for a 25% manufacturing investment tax credit. The company said last month that it has already received $1.5 billion of the award. So far, the Chips act has announced approximately $32.5 billion in grant awards and up to $5.5 billion in loans to 32 companies across 48 projects in 23 states. In addition to TSMC, the biggest beneficiaries have been Intel ($8.5 billion), Samsung ($6.4 billion), Micron ($6.1 billion), and GlobalFoundries ($1.5 billion). Some in government have expressed concerns about Trump's plans, including New York Governor Kathy Hochul, who said the Chips act "is the reason Micron is bringing $100 billion and 50,000 jobs to Central New York. Trump just said he wants to get rid of it." Representative Greg Stanton said Trump's words were a "direct attack on Arizona's semiconductor industry and tens of thousands of Arizona workers." Reuters reported this week that approximately one-third of staff in the US Commerce Department office overseeing the allocation of Chips act money were laid off. The Chips (Creating Helpful Incentives to Produce Semiconductors) and Science Act was enacted in August 2022 with the aim of boosting domestic semiconductor manufacturing, research, and development. It was a response to the global chip crisis that hit during the pandemic, as well as China's persistent threat to Taiwan, which produces about 90% of the world's most advanced semiconductors The $52.7 billion the act is funding to support the semiconductor industry comes in the form of $39 billion in manufacturing incentives, including grants and loans, and $13.2 billion for research and development.
My guess is that they would just rent the space from whoever buys it and stay in those buildings. But, we'll see.
Some of us, by which I primarily mean moi, pointed out to you guys who wanted to 'teach the Democrats a lesson' that a Trump win would result in the Democratic party moving right, not left. barfo
