hawkeyetraveler
HB Heisman
Why would they bother to read when they can just listen to Trump, Musk and Tucker. Surely those fine upstanding gentlemen wouldn’t mislead MAGA disciples for their own selfish aims?
Buyers' Remorse setting in quickly from CEOs - Wall Street Journal
- Thread starter torbee
- Start date
Consumers especially on the lower ends have been getting squeezed for years. Going into debt to take vacations for instance. Didn’t matter who won in November a slowdown was coming. Now how big and duration might be debatable. Prepare the buttocks folks.
So what you’re saying is we now get to pick and choose which laws we will obey. Now THAT is dumb.
I mentioned this before. I work for a small shipping company that only does military cargo. Tanks, helicopters, supplies, etc. Our bigwigs always talk about how things are better when the GOP controls government, and I’m sure they all voted for Trump.
In January, however, due to the chaos at DOD, bookings started not getting placed and our volume plummeted. We were projected to run a profit of $20M in January but we lost $10M. The CEO and others are in a total panic, and it doesn’t appear to be getting better any time soon.
In January, however, due to the chaos at DOD, bookings started not getting placed and our volume plummeted. We were projected to run a profit of $20M in January but we lost $10M. The CEO and others are in a total panic, and it doesn’t appear to be getting better any time soon.
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We already do that. Some crimes we treat like speeding tickets. Which is how businesses that operate with illegal labor are treated when caught.
- Sep 13, 2002
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Welcome to FAFO TOUR 2025
Hope it doesn't impact your employment, but your bosses sound like dumbasses if they didn't see it coming.
Nevertheless, it is still a crime. If I keep a library book past due, I still have to pay the fine.
Regardless, harboring illegal aliens, who are in fact lawbreakers, is not a 1A right.
Neither is committing fraud. Embezzling various white collar crimes. Dumping waste and other hazardous materials in ground water. But how is all of this cured by the system. Some fines. Similar to speeding tickets.
Get the illegal labor into a system that we control. Have them and the companies pay some fines. Far easier than this wack a mole of deport and return. Until the magnate of the jobs are addressed anything we do is a band aid. That’s what drives the numbers and movement at the border or by planes.
If we can do the Visa program for tech workers. We can certainly do one for laborers.
My job is fine. But I am working on a massive, high-visibility project all by myself and have been working my butt off for the last six months because I had a $50k bonus carrot. It looks like that is gone. Even our regular annual bonus was in jeopardy, but I've been told they have decided not to tamper with it.
Get back to us in 4 years as the Dem “sky is falling” predictions are getting old. 🥴
What does that have to do with whether churches have a right to harbor criminals?
This, like most Trump stuff, will be hard to quantify the damage. The amount of contractor related hits. Or if Iowa cuts jobs, how many will relate it to losing NIH funding?
Thread is all over the place. I’m speaking to how we’ve treated crimes definitely. Depending on who the lawbreakers are.
If we treated the criminality remotely equally. I’d agree with those claiming the moral high ground. About needing to go into churches, schools, etc.
You're praying for it anyway.
Be better.
Shot a 93 at cattail at whirlwind today. Windy as shit. Guys who were high 70s yesterday were mid 80s today, Meetings tmrw and Thursday AM but should get a decent pairing Thursday for betting.
- Sep 13, 2002
- 100,665
- 213,589
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An unwanted double: US sales fall for American whiskeys as threats of a trade war heat up
Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024 as inflation reined in consumer spending on some distilled spirits.
apnews.com
An unwanted double: US sales fall for American whiskeys as threats of a trade war heat up
By BRUCE SCHREINER
Updated 12:00 PM CST, February 11, 2025
LOUISVILLE, Ky. (AP) — Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024, as inflation reined in consumer spending on some distilled spirits. But it’s tariffs that loom as one of the stiffest challenges ahead, threatening to deplete sales in key foreign markets, an industry group said Tuesday.
Brewing trade conflicts with Canada and Mexico risk driving up the price of U.S. spirits in those markets. The biggest risk is in the European Union, where tariffs are set to resume April 1 at double the rate on American whiskey producers, who again find themselves ensnared in a trade dispute over steel and aluminum. The new tariff would undo the strong rebound in American whiskey sales in Europe since a 25% EU tariff was suspended a few years ago, the Distilled Spirits Council said.
“The reimposition of these tariffs at a 50% rate would gut this growth and do irreparable harm to distillers large and small,” Chris Swonger, the council’s CEO, said of the EU. “It would be a catastrophic blow that will force many distillers out of our largest export market.”
Advertisement
Talk of tariffs cast a shadow over the council’s report on 2024 U.S. spirits sales, which revealed a drop in domestic sales for the American whiskey category, which includes bourbon, Tennessee whiskey and rye whiskey. The council, an industry trade association, didn’t break out sales for each type of whiskey.
Related Stories
Jack Daniel's parent Brown-Forman is cutting its workforce and closing its barrel-making plant
In Kentucky bourbon country, the prospect of a trade war feels like a hangover that won't go away
Prices of these imported goods could increase amid Trump's tariffs
As President Donald Trump pushes to reset global trade, U.S. spirits can be a high-profile target for retaliation. During trade conflicts in Trump’s first term, American whiskey exports to the EU plunged by 20%, the council said. Once the tariff was suspended, those exports surged by 60%, it said.
Canada, another key export market for American spirits, initially ordered tariffs on American imports, including beverages, until a reprieve was announced last week. Before the pause, authorities in several provinces said they planned to remove American liquor brands from government store shelves.
Advertisement
Trump has alternately said he sees import taxes as a tool to force concessions on issues such as immigration, but also as a source of revenue to help close the government’s budget deficit.
But anxiety is now high among whiskey producers and their supporters, many of them in states that voted overwhelmingly to return Trump to the White House. That includes Kentucky, where 95% of the world’s bourbon supply is crafted and where a record 14.3 million barrels of bourbon were aging at the start of 2024, according to the Kentucky Distillers’ Association.
The renewed tariff threats arrive with Boundary Oak Distillery in central Kentucky trying to establish a foothold in the EU to augment its domestic sales in 12 to 15 U.S. states.
“We’re trying very hard to make a presence,” Brent Goodin, the distillery’s owner, said by phone this week. “Craft products, especially craft bourbons, are appreciated all over the world.”
His family-owned craft distillery shipped about 200 cases of its bourbon and lavender whiskey to Lithuania last fall, he said. He’s preparing to send another shipment soon, having spread distribution to Poland and with hopes of cracking what he sees as a potentially big market in Hungary, he said.
It all could come crashing down if his products get hit with a 50% tax.
“That would wipe out the market,” Goodin said. “That would pretty much kill it.”
Spirit exports come from 45 states, and American whiskeys account for 63% of all U.S. spirits exports, the council said. The spirits industry is hoping cooler heads prevail to produce trade deals that keep their products from getting entangled again in back-and-forth tariffs.
“This industry should not be involved in unrelated trade disputes,” Swonger said at a briefing Tuesday.
It comes as spirits producers encounter headwinds at home in the U.S.
Overall, the spirits industry maintained its advantage in U.S. market share but its revenues slipped in 2024, the council said. Spirits supplier sales in the U.S. fell 1.1% to total $37.2 billion, while volumes rose 1.1% to 312.2 million 9-liter cases, it said.
Revenue and volumes for super premium spirits, which fetch the highest prices, fell last year as inflation-weary buyers picked slightly less-expensive options. The combination of high inflation and interest rates forced many to “reduce spending on little luxuries like distilled spirits,” Swonger said.
The industrywide results reflect a return to more normal domestic levels following sales spikes during the COVID-19 pandemic, Swonger said. Another challenge is that younger adults appear to be imbibing less.
Domestic sales of American whiskeys fell 1.8% in 2024 to total $5.2 billion in revenue, the council said.
Vodka sales were flat, totaling $7.2 billion, while tequila and mezcal sales rose 2.9% to total $6.7 billion last year, the council said. Sales of premixed cocktails, including ready-to-drink spirits products, surged 16.5% to $3.3 billion, it said.
If it wasn't for Biden this Whisky industry would be thriving.An unwanted double: US sales fall for American whiskeys as threats of a trade war heat up
Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024 as inflation reined in consumer spending on some distilled spirits.apnews.com
An unwanted double: US sales fall for American whiskeys as threats of a trade war heat up
By BRUCE SCHREINER
Updated 12:00 PM CST, February 11, 2025
LOUISVILLE, Ky. (AP) — Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024, as inflation reined in consumer spending on some distilled spirits. But it’s tariffs that loom as one of the stiffest challenges ahead, threatening to deplete sales in key foreign markets, an industry group said Tuesday.
Brewing trade conflicts with Canada and Mexico risk driving up the price of U.S. spirits in those markets. The biggest risk is in the European Union, where tariffs are set to resume April 1 at double the rate on American whiskey producers, who again find themselves ensnared in a trade dispute over steel and aluminum. The new tariff would undo the strong rebound in American whiskey sales in Europe since a 25% EU tariff was suspended a few years ago, the Distilled Spirits Council said.
“The reimposition of these tariffs at a 50% rate would gut this growth and do irreparable harm to distillers large and small,” Chris Swonger, the council’s CEO, said of the EU. “It would be a catastrophic blow that will force many distillers out of our largest export market.”
Advertisement
Talk of tariffs cast a shadow over the council’s report on 2024 U.S. spirits sales, which revealed a drop in domestic sales for the American whiskey category, which includes bourbon, Tennessee whiskey and rye whiskey. The council, an industry trade association, didn’t break out sales for each type of whiskey.
Related Stories
Jack Daniel's parent Brown-Forman is cutting its workforce and closing its barrel-making plant
In Kentucky bourbon country, the prospect of a trade war feels like a hangover that won't go away
Prices of these imported goods could increase amid Trump's tariffs
As President Donald Trump pushes to reset global trade, U.S. spirits can be a high-profile target for retaliation. During trade conflicts in Trump’s first term, American whiskey exports to the EU plunged by 20%, the council said. Once the tariff was suspended, those exports surged by 60%, it said.
Canada, another key export market for American spirits, initially ordered tariffs on American imports, including beverages, until a reprieve was announced last week. Before the pause, authorities in several provinces said they planned to remove American liquor brands from government store shelves.
Advertisement
Trump has alternately said he sees import taxes as a tool to force concessions on issues such as immigration, but also as a source of revenue to help close the government’s budget deficit.
But anxiety is now high among whiskey producers and their supporters, many of them in states that voted overwhelmingly to return Trump to the White House. That includes Kentucky, where 95% of the world’s bourbon supply is crafted and where a record 14.3 million barrels of bourbon were aging at the start of 2024, according to the Kentucky Distillers’ Association.
The renewed tariff threats arrive with Boundary Oak Distillery in central Kentucky trying to establish a foothold in the EU to augment its domestic sales in 12 to 15 U.S. states.
“We’re trying very hard to make a presence,” Brent Goodin, the distillery’s owner, said by phone this week. “Craft products, especially craft bourbons, are appreciated all over the world.”
His family-owned craft distillery shipped about 200 cases of its bourbon and lavender whiskey to Lithuania last fall, he said. He’s preparing to send another shipment soon, having spread distribution to Poland and with hopes of cracking what he sees as a potentially big market in Hungary, he said.
It all could come crashing down if his products get hit with a 50% tax.
“That would wipe out the market,” Goodin said. “That would pretty much kill it.”
Spirit exports come from 45 states, and American whiskeys account for 63% of all U.S. spirits exports, the council said. The spirits industry is hoping cooler heads prevail to produce trade deals that keep their products from getting entangled again in back-and-forth tariffs.
“This industry should not be involved in unrelated trade disputes,” Swonger said at a briefing Tuesday.
It comes as spirits producers encounter headwinds at home in the U.S.
Overall, the spirits industry maintained its advantage in U.S. market share but its revenues slipped in 2024, the council said. Spirits supplier sales in the U.S. fell 1.1% to total $37.2 billion, while volumes rose 1.1% to 312.2 million 9-liter cases, it said.
Revenue and volumes for super premium spirits, which fetch the highest prices, fell last year as inflation-weary buyers picked slightly less-expensive options. The combination of high inflation and interest rates forced many to “reduce spending on little luxuries like distilled spirits,” Swonger said.
The industrywide results reflect a return to more normal domestic levels following sales spikes during the COVID-19 pandemic, Swonger said. Another challenge is that younger adults appear to be imbibing less.
Domestic sales of American whiskeys fell 1.8% in 2024 to total $5.2 billion in revenue, the council said.
Vodka sales were flat, totaling $7.2 billion, while tequila and mezcal sales rose 2.9% to total $6.7 billion last year, the council said. Sales of premixed cocktails, including ready-to-drink spirits products, surged 16.5% to $3.3 billion, it said.
- Civil offenses
- Unlawful presence in the United States is a civil offense that can result in deportation. The U.S. Supreme Court has ruled that deportation is not "criminal
- It only becomes criminal if you’re deported and enter again illegally. That person would be charged criminally.
- Civil offenses
The broke the law and committed a crime. Granted, the punishment is deportation, but they are lawbreakers nevertheless, notwithstanding what google AI tells you.
- Sep 13, 2002
- 100,665
- 213,589
- 113
- Sep 13, 2002
- 100,665
- 213,589
- 113
When a Republican president has lost the Wall Street Journal Opinion page (which endorsed him, lol) you know you gots problems:
LINK
By
The Editorial Board
Follow
Feb. 12, 2025 5:33
Does President Trump understand money? Not money as in cash, but the supply of money, the price of money as measured by interest rates, and their impact on inflation? The answer would appear to be no after Mr. Trump called for lower interest rates on Wednesday—the same day the Labor Department reported an increase in inflation for the third straight month.
“Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!” Mr. Trump posted on his social-media site. The layers of intellectual confusion here are hard to parse, especially since higher tariffs will mean higher prices on the affected goods. But perhaps the President wants the public to look elsewhere when assigning blame for rising prices.
Yet if he’s trying to blame the Federal Reserve, which controls short-term interest rates, he has the analysis backward. Rising inflation means the Fed must be more cautious in cutting rates. This is how financial markets read the news that the consumer-price index (CPI) rose 0.5% in January. Long bond rates rose sharply, with the 10-year Treasury note popping to 4.63% from 4.53%. This reflects market worry over inflation.
The concern is warranted based on the trend in CPI, which has risen each month since a 0.2% increase in October. The 12-month increase in CPI is now back to 3%, up from a recent trough of 2.4% in September. So-called core prices, less food and energy, rose 0.4% for the month and are now up 3.3% over the last 12 months.
The price increases were broad-based, hitting insurance, used cars and trucks, airline fares, medical care, haircuts, day care, sporting events, cable television, and more.
Mr. Trump isn’t responsible for this after only three weeks in office. But someone should tell him that the mistake goes back to the Fed’s premature interest-rate cut of 50 basis points in September. Long bond rates shot up immediately and have stayed higher, but the Fed still cut another 25 points in November.
Fed Chair Jerome Powell seems to recognize that mistake because he has been saying for weeks that the central bank is in no rush to cut further. The last thing Mr. Trump should be doing now is demanding that Mr. Powell cut rates further and faster—unless the President wants inflation to resume its Biden-era climb.
The Powell Fed is likely to ignore Mr. Trump, and well it should. But the President’s demand illustrates another risk of Trumponomics. As a real-estate investor, Mr. Trump has long been an easy-money guy. He likes low rates and a weak dollar, which could lead to higher prices, all other things being equal.
As a political matter, an inflation revival may be the biggest threat to the Trump Presidency. Mr. Trump was elected as voters reacted to inflation and falling real incomes under Joe Biden. Real average earnings are flat over the last three months as inflation has bounced up. If this persists, Mr. Trump won’t have a 53% job approval rating for long.
LINK
Trumponomics and Rising Inflation
The President calls for easier money even though consumer prices keep rising. Does he want even higher prices?
By
The Editorial Board
Follow
Feb. 12, 2025 5:33
Does President Trump understand money? Not money as in cash, but the supply of money, the price of money as measured by interest rates, and their impact on inflation? The answer would appear to be no after Mr. Trump called for lower interest rates on Wednesday—the same day the Labor Department reported an increase in inflation for the third straight month.
“Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!” Mr. Trump posted on his social-media site. The layers of intellectual confusion here are hard to parse, especially since higher tariffs will mean higher prices on the affected goods. But perhaps the President wants the public to look elsewhere when assigning blame for rising prices.
Yet if he’s trying to blame the Federal Reserve, which controls short-term interest rates, he has the analysis backward. Rising inflation means the Fed must be more cautious in cutting rates. This is how financial markets read the news that the consumer-price index (CPI) rose 0.5% in January. Long bond rates rose sharply, with the 10-year Treasury note popping to 4.63% from 4.53%. This reflects market worry over inflation.
The concern is warranted based on the trend in CPI, which has risen each month since a 0.2% increase in October. The 12-month increase in CPI is now back to 3%, up from a recent trough of 2.4% in September. So-called core prices, less food and energy, rose 0.4% for the month and are now up 3.3% over the last 12 months.
The price increases were broad-based, hitting insurance, used cars and trucks, airline fares, medical care, haircuts, day care, sporting events, cable television, and more.
Mr. Trump isn’t responsible for this after only three weeks in office. But someone should tell him that the mistake goes back to the Fed’s premature interest-rate cut of 50 basis points in September. Long bond rates shot up immediately and have stayed higher, but the Fed still cut another 25 points in November.
Fed Chair Jerome Powell seems to recognize that mistake because he has been saying for weeks that the central bank is in no rush to cut further. The last thing Mr. Trump should be doing now is demanding that Mr. Powell cut rates further and faster—unless the President wants inflation to resume its Biden-era climb.
The Powell Fed is likely to ignore Mr. Trump, and well it should. But the President’s demand illustrates another risk of Trumponomics. As a real-estate investor, Mr. Trump has long been an easy-money guy. He likes low rates and a weak dollar, which could lead to higher prices, all other things being equal.
As a political matter, an inflation revival may be the biggest threat to the Trump Presidency. Mr. Trump was elected as voters reacted to inflation and falling real incomes under Joe Biden. Real average earnings are flat over the last three months as inflation has bounced up. If this persists, Mr. Trump won’t have a 53% job approval rating for long.
Devils claw again. Played as well as I am capable. 89 but I got a 23 handicap.
Net 66
Likely going to win the pot.
#Hookersandblow
Net 66
Likely going to win the pot.
#Hookersandblow
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Good observations. And to me the big money and corporate types didnt really compute just how much hate has for some people and his rage of retribution is also causing a lot of unsettling feelings and causing his admin distractions.
I dont know how it is going to turn out but the AG Bondi lawsuit aimed at Holchol and James of New York over drivers training and drivers licenses for illegals in NY seems really just a retaliation on those Dems by Trump. Really ICE and the anti immigrants should be glad about that NY law as it puts these people on the govt databases.
So true. After 12 years of trickle down economics of Reagan and Bush1 the economy was not great, national debt had swelled, and the infamous Bush1 tax increases cooked him. In walks Clinton and he had balanced yearly budgets and the economy took off as things seemed better and there was growth.
Then Bush2 comes in and wants to privatize Soc Sec, he has big tax cuts to the rich and then runs two wars while the economy nearly goes off a cliff (well tax cuts while spending 4 trillion on wars is bad on the economy). So Obama comes in and cleans it up.
And then no matter how the Repubs want to spin it, trump comes in and doesnt get shit passed with congress to help americans except for another Repub big tax cuts to the very rich and big Corps. Shame, this crap never works. Covid hits, Trump is a shitty prez during covid with his bleach and bright lights in the lungs, etc etc etc. Biden comes in and really is the one who gets the vaccines flowing, he pushes through a bunch of really good bills to spur on the economy which is great, booming. And as I have said many times after reading what economist say this, inflation was going to happen no matter what because of supply chain issues (low supply) and because $4 trillion in new money was just handed to people during 2020 and early 2021 to help against covid problems (now high demand).. Lower supplies and higher demand and extra cash for spending is the PRIME time for inflation. But Biden et al managed to slowly burn out the inflation, fix the supply chain issue, and then our electorate couldnt understand the great stuff the Dems did. Shame on their stupidity
Yes, and the numbers tell the story that REpub Prez admins are worse at incurring larger Nat Debt amounts.
The so-called small govt, great budgeteers of the REpub party are really good at spending way more than they take in.
Decades of it but the so called intelligent voters of the US, the citizens dont try to know, dont care, dont understand (probably) how they keep getting duped
I figured up the Nat Debts by Pres a few years back. It took the US until sometime in the Carter Admin to reach $1 trillion in national debt. Reagan got to nearly $3 trillion, or $2 trillion more and 200% increase in just 8 years. Yikes, of course they fell in love with the fallacy that Supply Side Econ through big tax cuts to the rich would cause the economy to just go into orbit and create so many jobs that so much extra taxes would come into the govt. Didnt work out that way
I got paired with the other guy who crushed his handicap ( blind teammate) and we crushed the field. Took 100 each out of the pot and bet the remaining 200 on red, turned it into 400 and gave the other 12 guys each 25 bucks and the winner and I each pocketed another 50.
Not so bad....
Not so bad....
