I did not know Chase was on BLUESKY.
Jacks like, "daddy this a funny lookin truck". Back on the grind, cheers y'all 🤘🏻
— Chase Rice (@chasericeofftn.bsky.social) February 20, 2025 at 11:39 AM
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I also did not know about LIVE FROM CHIEF'S. That's a three song ep I saw on AMAZON MUSIC (saw and listened to) tonight. The three songs are live peformances -- "Carolilna," "I Can Still Make Cheyenne" and "Cowboy Goodbye."
Chase is having a sale related to the LIVE FROM CHIEF'S release.
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"The Snapshot" (THE COMMON ILLS):
For CEOs, what’s next is the stuff of existential debate. Who knows what will happen in the coming days? But here are some takeaways from the trade war so far:
The damage is real – If current tariffs remain in place for three months, RBC estimates that the U.S. economy will see zero growth this year. Goodbye Trump bump. Hello, planning for a potential recession. For months, CEOs have talked about tariffs as a tactic and negotiating ploy to squeeze concessions from trading partners on other issues. Now, the threat is urgent and real, with an impact that could ripple across different industries. Cash-strapped consumers tend to cancel vacations, delay renovations, and skimp on expenses like healthcare. Consumer spending accounts for almost 70% of U.S. GDP—and Americans are nervous about the future right now.
In fact, Treasury Secretary Scott Bessent went so far as to say he wasn't concerned about the 20% increase the White House had placed on imports from China, saying the nation "will pay for the tariffs because their business model is exporting their way out of this inflation. They will eat any tariffs that go on."
Likewise, Commerce Secretary Howard Lutnick hinted that retaliatory tariffs from Canada and Mexico wouldn't come to fruition, as "they have so much more that they sell to us than we sell to them."
While Tesla's Model Y continues to be a top seller and UK sales were up in February, some of Tesla's sales figures in other markets looked grim — the kind of year-over-year drops that should worry the CEO.
Germany: -76%
Tesla's sales in Germany last month were down by 76% year over year, with 1,429 vehicles sold. Germany's Federal Motor Transport Authority said overall EV sales in the country grew by about 31%.
Tesla's sales in the country also fell in January, when Musk endorsed the far-right AfD party ahead of a February 23 election.
Norway, Denmark, and Sweden: -42% to -48%
Tesla sales declined in several other European countries last month.
In February, Tesla sales in Norway and Denmark were down by 48% year over year.
Sales in Sweden declined by 42% year over year.
France: -26%
Tesla sales in France last month declined by 26% year over year: It sold 2,395 vehicles, though that was an increase from 1,141 Teslas sold in January. The country also experienced an overall decline in car sales of 0.7%, Plateforme Automobile said.
Teslas manufactured in China: -49%
Sales of Teslas manufactured in China also took a hit in February. The EV giant sold 30,688 China-made vehicles, its lowest number since August 2022. That represented a 49% drop year over year in China. Tesla's Chinese rival BYD recorded a 90.4% increase in vehicle sales that month.
The Apple cofounder excoriated Musk during a recent interview, criticizing his management style at the so-called Department of Government Efficiency (DOGE).
“I don’t know what got into his head,” Wozniak told CNBC.
Washington, D.C. – At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned Dr. Michael Faulkender, President Trump’s nominee for Deputy Secretary of the Treasury, on Republicans’ “magic math” for their plans to cut taxes for the ultra-wealthy. Republican leaders are increasingly supportive of using a “current policy baseline” for their tax package to hide the true cost of their proposed $4.6 trillion tax package.
Congress’ independent scorekeepers have historically scored legislation using a “current law baseline,” which assumes that temporary tax cuts will expire and that extending those tax cuts will cost money. A current policy baseline, on the other hand, assumes that temporary tax cuts will not expire and that extending those tax cuts will cost $0. When pressed by Senator Warren on whether this gimmick actually produces additional revenue, Dr. Faulkender admitted, "I can't imagine that it would.”
Last month, Senator Warren sent a letter to the nonpartisan Joint Committee on Taxation (JCT), which provides Members of Congress with revenue estimates for tax legislation. She pressed for answers on whether JCT has ever used a “current policy baseline” for official scoring purposes on the Senate floor, among other questions, to set the record straight on Republicans’ “magic math."
Ahead of his nomination hearing before the Senate Finance Committee, Senator Warren also sent a 32-page letter to Dr. Faulkender, pressing him to explain his views on his potential Treasury responsibilities.
Transcript: Hearing to examine the nomination of Michael Faulkender, of Maryland, to be Deputy Secretary of the Treasury
Senate Finance Committee
March 6, 2025
Senator Elizabeth Warren: Thank you very much, Mr. Chairman. So, President Trump had exactly one big legislative accomplishment in his first term: a giant tax cut for millionaires, billionaires, and massive corporations. In fact, it was so giant that a big hunk of it lasted only eight years and still cost $2 trillion. Now, the eight years are up, so Republicans want to do another tax cut for the ultra-wealthy, which Congress’ non-partisan budget scorers say is going to cost $4.6 trillion this time. Now, Congressional Republicans say they care about the deficit, so they have a plan to fix things up: repeal math. Here's their story: because they already had eight years of tax cuts that ran up the debt, Congressional Republicans claim that 10 more years of tax cuts will be free. They named this gimmick the ‘current policy baseline.’ They should have named it “magic math.” It is so nuts that when we need to figure out the cost of tax cuts, the Senate has never, never switched to it over using real math.
Now, Dr. Faulkender, if confirmed, you will play a role in whatever tax deal the Republicans put together. So let's talk about math,“magic math” and real math. Dr. Faulkender, does renaming tax cuts produce any additional revenue?
Michael Faulkender, Deputy Secretary-Designate, U.S. Department of the Treasury: Does renaming them–
Senator Warren: Yes, calling them something different. Does that produce any additional revenue?
Dr. Faulkender: I don't think renaming something changes—if it changes behavior, it has the potential to change revenues.
Senator Warren: Wait, so, are you saying renaming tax cuts produces additional revenue? Just renaming it?
Dr. Faulkender: I can't imagine that it would, unless it causes people to behave differently.
Senator Warren: Okay, I'll take that as no. Fair enough? Claiming that somehow losing $4.6 trillion in tax revenues is free is just plain nuts. Congressional Republicans are hoping they can fool people long enough to deliver giveaways to their wealthy donors before anyone figures it out. But at the end of the day, Republicans cannot repeal math. A bunch of tax cuts for billionaires will cost $4.6 trillion.
But congressional Republicans don't like that answer. So, I'm wondering, if they love magic math so much, I want to ask the same question in reverse. If the Republicans’ idea of magically not counting the cost of tax cuts for billionaires makes sense, what about not counting the cost of tax cuts for ordinary people? That is, for extending the Child Tax Credit?
Dr. Faulkender, according to Republicans’ magic math, if extending the tax cuts is free, shouldn't extending a temporary expansion of the Child Tax Credit also be free?
Dr. Faulkender: Thank you, Senator. The Tax Cuts and Jobs Act increased the child tax credit from $1,000 to $2,000, and so if we allow that tax cut to expire, it would mean that the child tax credit would go back to the $1,000.
Senator Warren: Right. So, the question I'm asking is, using Republican “magic math,” if it is free to extend tax cuts for billionaires, isn't it also free to extend tax cuts for poor kids?
Dr. Faulkender: Senator, I'm not familiar with magic math, but what I do know is that the American people look at the current tax code, what they paid last year and what they paid this year as the current environment. So, the question is, when we talk about extending it, I would argue that extending the TCJA is making sure that the American people don't incur a $4.5 trillion tax increase.
Senator Warren: So, you do think that renaming the tax cuts will produce $4.5 trillion in revenue?
Dr. Faulkender: No, Senator, I didn't say that it had any impact on the bottom line deficit. I'm just saying when you ask me what a baseline is, to me, the baseline is what I'm currently doing.
Senator Warren: I’m not asking you that. I'm asking you what it costs to put in $4.5 trillion in tax cuts. Look, if Republican “magic math” works, then why not extend it to everything we spend money on? How about the money we spent last year on roads and bridges or child care subsidies and the workers who process Social Security checks? Of course not. No one is going to do that.
Congressional Republicans want to use “magic math” to pass giant tax cuts, and then try to tell the American people those tax cuts cost nothing. Hard-working Americans understand that $4.6 trillion for a billionaire tax cut is not free. Congressional Republicans are trying to sell magic math so they can help billionaires, and fortunately, the American people are just not buying that.
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Bezos announced on February 26 that The Washington Post’s opinion pages will be “writing every day in support and defense of two pillars: personal liberties and free markets.” The paper will not publish any viewpoints opposing his priorities, he said, while adding, “Freedom is ethical—it minimizes coercion—and practical—it drives creativity, invention, and prosperity.” For an editorial section that long prided itself as a marketplace of ideas, and a newspaper historically dedicated to holding the powerful accountable, this edict by a union-busting business mogul engaged in a pay-to-play scheme with a president who disdains the Constitution is bad for journalism and democracy and, perhaps most personally, Americans’ mental health.
I worked at The Washington Post from 2017 to December 2023, establishing the Opinion section’s first documentary film unit and pioneering a column about mental health and society. In 2021, I covered the January 6 attack at the U.S. Capitol as part of the team that won the Pulitzer Prize for Public Service. When I learned of Bezos’s editorial edict, I talked to former colleagues and learned of “heartbreak,” confusion, and anger in the newsroom. I also reached out to Post leadership for a comment on what defines “personal liberties and free markets” and who would be the arbiter of who deserved this freedom. No response.
The system Bezos is championing has enabled the rich to get richer faster and the working class to burn out more quickly. And the assignment he’s given The Washington Post opinion pages is to make his story look good. There is a dataset that gives it credence: Since the 2020 pandemic, the U.S. economy expanded at a solid pace, wages have grown, and more people are working. But if you widen the lens to look at health, well-being, and human flourishing—some people’s definition of life, liberty, and the pursuit of happiness—the United States does “abysmally,” social epidemiologist Richard Wilkinson, a professor emeritus at the University of York in Britain, told me.
“The costs of the way the society works are absolutely horrendous,” Wilkinson said in an interview. “We must, at some point, get people to address that.”