The second Trump administration has clearly illustrated how the American government is dominated by the “economic elite” class, which benefits immensely from its access to the upper echelon of government, a new report said.
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ECONOMIC UPDATE
As we have detailed, by the facts, the Presidential Reality Show® champion Donald Trump and his cast of Cabinet clowns keep lying about how and why the U.S. and Israel launched the illegal Iran War, who is winning, who is losing, when it will end, who is paying the price…
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U.S. ANNUAL BUDGET DEFICIT BIGGEST IN FIVE YEARS
The U.S. treasury’s deficit for fiscal 2027 rose to $1.8 trillion by the end of July as Medicare costs and interest payments on the national debt both increased.
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TRUMP SAYS U.S. WILL SOON DECLARE STRAIT OF HORMUZ U.S. TERRITORY
President Donald Trump said that the U.S. will soon be declaring the Strait of Hormuz a U.S. territory, which prompted Iran to call the statement delusional.
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IRAN: STRAIT OF HORMUZ WILL STAY CLOSED UNTIL U.S. AGREES TO EXPIRED MOU
Mohammad Baqer Qalibaf, the Iranian speaker and chief negotiator, told state media on Tuesday that the Strait of Hormuz will remain closed until the U.S. agrees to the Iranian demands listed in the 17 June memorandum of understanding (MOU), which Tehran accused Washington of violating from the start.
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U.S. VOTERS FEEL WORSE OFF UNDER TRUMP
A newly released poll found that more than 53 percent of voters in the U.S. said they feel worse off during President Donald Trump’s second term and indicated that they are more hopeful that Democrats would do a better job with the economy.
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FLOCK CAMERAS RAISE CONCERNS FROM CIVIL LIBERTIES ADVOCATES
Flock cameras, which can read and track license plate numbers, have been a source of contention in cities across the U.S. and have been sparking debate about how much civil liberties the public is willing to give up for the promise of safety.
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MARKET OVERVIEW
News that the U.S economy lost 23,000 jobs in July gave investors new confidence that the U.S. Federal Reserve will not raise its interest rates next month.
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SPOTLIGHT: BIGS GETTING BIGGER
EASYJET ACCEPTS APOLLO’S TAKEOVER OFFER Apollo Global Management has won its battle with Castlelake, another private equity firm, to take over British budget airline easyJet. Apollo will pay £7.15 a share, bringing the price to about £5.7 billion. The airline’s board and founder, also its largest shareholder, have approved the deal. The company has “carefully......