London Irvine Report: P.M. Carney Tries To Set Trump Straight. Fed Day. US China Trade Talks.

Baltic Dry Index. 1406 -15 Brent Crude 62.71

Spot Gold 3386 US 2 Year Yield 3.78 -0.05

US Federal Debt. 36.817 trillion!!!

The urge to save humanity is almost always a false front for the urge to rule.

H. L. Mencken

In the US, stock casinos, it is Fed day, the decision day in May for the Fed to lower its key interest rate, or not. No change is widely expected.

In better news for the stock casinos, the first trade talks between China and the USA are about to be held this weekend, though no breakthrough is expected, some tariff rollback on each side would be a goodwill start.

European markets head for mixed open as traders focus on Fed decision

Updated Wed, May 7 2025 12:37 AM EDY

European markets are heading for a mixed open as traders await the U.S. Federal Reserve’s latest monetary policy announcement on Wednesday afternoon.

The U.K.’s FTSE 100 index is expected to open 6 points lower at 8,591, Germany’s DAX up 40 points at 23,276, France’s CAC 5 points higher at 7,696 and Italy’s FTSE MIB 26 points higher at 38,018, according to data from IG.

Global investors are gearing up for the Fed’s interest rate decision at 2 p.m. ET. Fed funds futures trading suggests just a 3.1% chance of the central bank cutting interest rates this meeting, according to CME’s FedWatch tool. Traders will nevertheless be listening for Fed Chair Jerome Powell’s comments after the announcement for insights into the path of rates and state of the economy.

Meanwhile in Europe, there’s another busy day of earnings ahead, with Novo Nordisk, Ørsted, Pandora, Veolia, Legrand, BMW, Siemens Healthineers, Fresenius, Skanska B, JD Wetherspoon, Vonovia, Delhaize and Telecom Italia. Data releases include European retail sales.

Overnight, U.S. stock futures advanced Tuesday night after government spokespeople said U.S. Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet with their Chinese counterparts this week in Switzerland. The news was taken as a positive sign for developments on trade negotiations after turbulent market action following President Donald Trump’s tariff announcement last month.

Meanwhile, Hong Kong markets jumped over 2% to lead gains in Asia-Pacific after China’s central bank and financial regulators announced sweeping plans to cut key interest rates in an effort to shore up growth in the face of trade worries.

Europe markets live updates: Fed decision and comment in focus

China announces sweeping measures to ease policy in bid to shore up trade-war hit economy

Published Tue, May 6 2025 9:24 PM EDT

China’s central bank and financial regulators announced sweeping policy steps Wednesday, including interest rate cuts, as Beijing ramps up efforts to bolster growth amid mounting trade worries.

China will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from 1.5%, the People’s Bank of China Governor Pan Gongsheng said at a press briefing. That will bring down the loan prime rate, the main policy rate, by around 10 basis points, the governor said.

The central bank will also lower the reserve requirement ratio, which determines the amount of cash banks must hold in reserves, by 50 basis points, unleashing additional liquidity of 1000 billion yuan ($138.6 billion) to the market.

The lower policy rates will come in to force Thursday, while the RRR relaxation will be effective May 15, according to state media Xinhua.

The officials also announced measures to support financing for several key sectors, including technology and real estate, along with establishing of a 500-billion-yuan relending tool for consumption and elderly care.

The PBOC will reduce the mortgage rates under the nation’s housing provident fund, a government-backed housing lender, by 25 basis points. Rates on five-year loans for first-time homebuyers will be trimmed to 2.6% from 2.85%, the governor said.

It will also gradually lower the amount of cash that auto financing firms must hold in reserves to zero from the current 5%.

These measures, however, may have limited impact on boosting domestic credit demand, said Tianchen Xu, senior economist at Economist Intelligence Unit, “borrowing has been somewhat insensitive to interest rates.”

China is also preparing more measures to support small and medium enterprises and the private sector, which will be announced soon, Li Yunze, the head of the financial regulatory administration, said at the briefing. The government has ramped up efforts in recent weeks to help businesses impacted by the tariffs and boost employment.

The broad stimulus announcements Wednesday showed the officials were acting with greater urgency to bolster the economy and the easing depreciation pressure on Chinese yuan has created more desirable condition, analysts said.

China announces sweeping measures to ease policy in bid to shore up trade-war hit economy

Trump officials Bessent and Greer to meet with Chinese counterparts on trade, economic issues

Published Tue, May 6 2025 6:14 PM EDT

Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will meet with their Chinese counterparts in Switzerland this weekend to discuss economic and trade matters, their offices announced Tuesday.

“We have shared interests,” Bessent said later on Fox News’ “Ingraham Angle.” The current tariff war “isn’t sustainable,” said Bessent, “especially on the Chinese side. And, you know, 145 percent [tariffs], 125 percent, is the equivalent of an embargo. We don’t want to decouple, what we want is fair trade.”

Bessent and Greer will meet with their Chinese counterparts on both Saturday and Sunday, the Treasury secretary said.

The meetings appear to be a major step toward Washington and Beijing beginning negotiations to potentially resolve the ongoing trade war ignited by President Donald Trump.

“My sense is that this will be about de-escalation, not about the big trade deal,” Bessent told host Laura Ingraham. “But we’ve got to de-escalate, before we can move forward.”

Trump ratcheted up tariffs last month on Chinese imports to 145% even as he scaled back so-called reciprocal tariffs on almost all other U.S. trading partners. China, which is one of America’s largest trading partners, retaliated with steep tariffs on U.S. goods.

Stock futures, which opened in the red Tuesday evening, turned sharply higher immediately following news of the meetings.

Both Bessent and Greer plan to meet with Swiss President Karin Keller-Sutter during their visit, their offices said.

The Chinese Foreign Ministry said that Vice Premier He Lifeng, Beijing’s top official for China-U.S. economic and trade matters, will meet with Bessent in Switzerland, NBC News reported.

Trump officials to meet with Chinese counterparts on trade

In Trump v Canada news, a dialog of the deaf?

Mark Carney Comes to Washington With a Message

By David Rovella May 6, 2025 at 11:30 PM GMT+1

Prime Minister Mark Carney did what he came to do in Washington on Tuesday—he reminded his counterpart to the south that Canada is a sovereign nation. But Donald Trump’s musings about taking over Canada (or Greenland, the Panama Canal and the Gaza Strip) weren’t the big takeaway of their Oval Office meeting. Instead it was the US president’s global trade war and the deals that haven’t happened yet.

While most every day brings headlines with hints and promises that deals spurred by American tariffs are in the offing, none have materialized. At the White House today, Trump even expressed exasperation with all the questions about when any agreements would be struck. And while Trump has said the US is in negotiations with China—the main target of his tariff ire—his key deputy on such matters, Treasury Secretary Scott Bessent, conceded to Congress that’s actually not the case.

Mark Carney Comes to Washington and Makes Canadian Sovereignty Plain - Bloomberg

Trump, Carney faceoff in Oval Office leaves gaping differences on tariffs, 51st state

Updated 12:17 AM GMT+1, May 7, 2025

WASHINGTON (AP) — U.S. President Donald Trump and Canadian Prime Minister Mark Carney faced off in the Oval Office on Tuesday and showed no signs of retreating from their gaping differences in an ongoing trade war that has shattered decades of trust between the two countries.

The two kept it civil, but as for Trump’s calls to make Canada the 51st state, Carney insisted his nation was “not for sale” and Trump shot back, “time will tell.”

Asked by a reporter if there was anything Carney could tell him to lift his tariffs of as much as 25% on Canada, Trump bluntly said: “No.”

The U.S. president added for emphasis, “Just the way it is.”

Carney acknowledged that no bit of rhetoric on tariffs would be enough to sway Trump, saying that “this is a bigger discussion.”

“There are much bigger forces involved,” the Canadian leader continued. “And this will take some time and some discussions. And that’s why we’re here, to have those discussions.”

The meeting between the two leaders showcased the full spectrum of Trump’s unique mix of aggression, hospitality and stubbornness.

Shortly before Carney’s arrival, Trump insulted Canada by posting on social media that the United States didn’t need “ANYTHING” from its northern neighbor, only to then turn on the charm and praise Carney’s election win in person before showing his obstinance on matters of policy substance.

Canada Prime Minister Carney meets with Trump at White House amid trade war | AP News

In other news, AI makes mistakes. Oh Canada! Did President Trump rely on AI for his mistaken “facts” on Canada?

A.I. Is Getting More Powerful, but Its Hallucinations Are Getting Worse

A new wave of “reasoning” systems from companies like OpenAI is producing incorrect information more often. Even the companies don’t know why.

May 5, 2025

Last month, an A.I. bot that handles tech support for Cursor, an up-and-coming tool for computer programmers, alerted several customers about a change in company policy. It said they were no longer allowed to use Cursor on more than just one computer.

In angry posts to internet message boards, the customers complained. Some canceled their Cursor accounts. And some got even angrier when they realized what had happened: The A.I. bot had announced a policy change that did not exist.

“We have no such policy. You’re of course free to use Cursor on multiple machines,” the company’s chief executive and co-founder, Michael Truell, wrote in a Reddit post. “Unfortunately, this is an incorrect response from a front-line A.I. support bot.”

More than two years after the arrival of ChatGPT, tech companies, office workers and everyday consumers are using A.I. bots for an increasingly wide array of tasks. But there is still no way of ensuring that these systems produce accurate information.

The newest and most powerful technologies — so-called reasoning systems from companies like OpenAI, Google and the Chinese start-up DeepSeek — are generating more errors, not fewer. As their math skills have notably improved, their handle on facts has gotten shakier. It is not entirely clear why.

Today’s A.I. bots are based on complex mathematical systems that learn their skills by analyzing enormous amounts of digital data. They do not — and cannot — decide what is true and what is false. Sometimes, they just make stuff up, a phenomenon some A.I. researchers call hallucinations. On one test, the hallucination rates of newer A.I. systems were as high as 79 percent.

These systems use mathematical probabilities to guess the best response, not a strict set of rules defined by human engineers. So they make a certain number of mistakes. “Despite our best efforts, they will always hallucinate,” said Amr Awadallah, the chief executive of Vectara, a start-up that builds A.I. tools for businesses, and a former Google executive. “That will never go away.”

For several years, this phenomenon has raised concerns about the reliability of these systems. Though they are useful in some situations — like writing term papers, summarizing office documents and generating computer code — their mistakes can cause problems.

The A.I. bots tied to search engines like Google and Bing sometimes generate search results that are laughably wrong. If you ask them for a good marathon on the West Coast, they might suggest a race in Philadelphia. If they tell you the number of households in Illinois, they might cite a source that does not include that information.

A.I. Hallucinations Are Getting Worse, Even as New Systems Become More Powerful - The New York Times

Fact check: Trump makes more false claims about Canada in advance of meeting with prime minister

Published 6:00 AM EDT, Tue May 6, 2025

President Donald Trump has been making false claims about Canada for months. He did it again in the days leading up to his scheduled Tuesday meeting with Prime Minister Mark Carney.

In an interview that aired Sunday on NBC, Trump made Canada’s military spending sound much smaller than it is and made the US trade deficit with Canada sound much bigger than it is. And in a late-April interview with The Atlantic, he exaggerated the extent of Canada’s trade reliance on the US.

Here is a fact check of these claims – and a bunch of others Trump has made about Canada this year.

Canada’s military spending

Trump, who has spoken repeatedly of his desire to somehow turn Canada into the 51st US state, said in the NBC interview: “And by the way, Canada, they spend less money on military than practically any nation in the world. They pay NATO less than any nation.”

Facts First: It’s not true that Canada is the lowest military spender in NATO or “practically” the world’s lowest military spender. Official NATO estimates show that, of the 31 alliance members with a standing army, Canada had the eighth-highest defense spending in absolute terms in 2024; it had the fifth-lowest defense spending as a percentage of gross domestic product – low, but not lower “than any nation.” The Stockholm International Peace Research Institute, which tracks global military spending, reported that Canada was the world’s 16th-highest 2024 military spender in absolute terms out of more than 150 countries for which the institute had data.

Trump’s claim is still wrong if he happened to be speaking literally about members’ direct contributions to NATO’s organizational budget. Canada is currently the 6th-largest contributor to NATO’s “common funding” pool.

The US trade deficit with Canada

Trump has repeatedly said the US has a “$200 billion” trade deficit with Canada. He used a familiar vaguer formulation in the NBC interview, claiming, “We subsidize Canada to the tune of $200 billion a year.”

Facts First: Trump’s claim is not even close to true. Official US statistics show the 2024 deficit with Canada in goods and services trade was $35.7 billion. Even if you only count trade in goods and ignore the services trade at which the US excels, the deficit was $70.6 billion. And even if he was this time using the word “subsidize” to describe unspecified other things in addition to the trade deficit, there is no basis for the claim.

The US-Canada trade relationship

Trump, talking about Canada, claimed to The Atlantic that “they do 95% of their business with us.”

Facts First: There’s no doubt Canada is heavily reliant on its trade relationship with the US, but Trump’s “95%” figure is a significant exaggeration. Canada’s federal statistics agency reported in February: “In 2024, the United States was the destination for 75.9% of Canada’s total exports, and was the source of 62.2% of Canada’s total imports.”

----Canada and US banks: Trump falsely claimed in both February and March that Canada prohibits US banks. While Canada’s tight regulations have discouraged many foreign banks from opening retail branches there, Canada does not forbid these banks; in fact, US banks have been operating in Canada for well over a century.

The Canadian Bankers Association industry group said in a February statement that “there are 16 US-based bank subsidiaries and branches with around C$113 billion in assets currently operating in Canada” and that “U.S. banks now make up approximately half of all foreign bank assets in Canada.”

More.

Fact check: Trump makes more false claims about Canada in advance of meeting with prime minister | CNN Politics

For every problem, there is a solution that is simple, neat, and wrong.

H. L. Mencken

Global Inflation/Stagflation/Recession Watch.

Given our Magic Money Tree central banksters and our spendthrift politicians, inflation now needs an entire section of its own.

Fed Faces Tough Choice as Trump Tariffs Risk Stagflation

Tuesday, May 6, 2025 2:53 AM UTC

The Federal Reserve is navigating a challenging policy landscape as new tariffs introduced by President Donald Trump raise the risk of stagflation—slower economic growth combined with rising inflation. According to The Wall Street Journal, the Fed now faces a critical decision: delay rate cuts and risk recession, or act too soon and fuel inflation.

The tariffs are disrupting global supply chains and increasing import costs, potentially pushing consumer prices higher. This adds to inflationary pressure at a time when economic growth is already showing signs of slowing. Fed officials are expected to keep interest rates unchanged during this week’s policy meeting as they assess the dual threat to inflation and the labor market.

Policymakers are reportedly split. Some favor a cautious wait-and-see approach, citing lingering inflation risks and uncertainties around business and consumer responses to the tariffs. Others worry that failing to respond to weakening economic indicators could lead to a sharper downturn.

The core dilemma is whether inflation will prove transitory or become entrenched. The Fed is also mindful of avoiding past mistakes, such as underestimating inflation following the COVID-19 recovery. For now, the consensus appears to be in favor of patience, even at the cost of short-term economic pain.

Market expectations suggest the Fed may wait for more definitive signs of economic stress before making any policy shift. If inflation expectations among consumers and businesses remain anchored, the Fed could have more room to maneuver. However, if those expectations rise, interest rate cuts could be delayed further, despite weaker growth.

This delicate balancing act highlights the Fed’s high-stakes role in guiding the U.S. economy through increasing geopolitical and economic uncertainty.

Fed Faces Tough Choice as Trump Tariffs Risk Stagflation - EconoTimes

Global Shipping Is Grinding to a Standstill. It’s a Matter of Time Until Americans Feel It.

May 6, 2025

There aren’t shortages of goods in U.S. stores yet, but if the deterioration in global shipping is any indication, they are on the way. That could complicate the White House’s pleas for Americans to be patient as trade officials rush to strike dozens of deals.

Cargo has dropped, or is expected to, at major ports including those of Los Angeles; Long Beach, Calif.; and New York-New Jersey, primarily on shipments from China, which exports more than any other country to the U.S.

U.S. import booking volumes have dropped 35% since late March, according to the shipping data company Vizion, including a 26% drop between the week ended April 21 and the following week. Shipments from China dropped nearly 43% in the last full week of April, the sharpest decline of the year. During April, several weeks saw China import bookings down by more than half, Vizion said.

The potential impact on companies and consumers is broad. Imports of Chinese electronics, plastics, vehicles, steel, and textiles have all fallen by more than half.

Perhaps just as concerning for some farmers and U.S. manufacturers is that export bookings to China have also collapsed. In the last full week of April, the number of 20-foot-equivalent containers booked to go to China fell 73% from a year earlier, the fourth consecutive week with at least a 60% drop, Vizion said. That is despite U.S. exports staying relatively strong overall.

China’s major imports from the U.S. include soybeans and other grains, oil and gas, and semiconductors, among other electronics components.

The recent export decline is “raising concerns for our agricultural and manufacturing partners as continued tariffs on exports begin to really take effect,” said Eugene Seroka, executive director of the Port of Los Angeles, at a port board meeting at the end of April.

Major trade routes have been upended by President Donald Trump’s April 2 announcement of enormous tariffs on imports. Trump suspended most of the “reciprocal” tariffs for 90 days a week later, but let tariffs against China go into effect, eventually raising them to 145% for most products. China retaliated with tariffs of its own.

Now, trade officials are rushing to strike preliminary agreements with other nations before the pause is lifted in July.

Americans’ expectation of pain is causing political problems for Trump even though they haven’t yet resulted in higher prices. About 43.5% of Americans approve of the job Trump is doing, compared to 51.8% who disapprove, according to a polling average by newsletter Strength in Numbers. That gap is about six percentage points wider than it was when Trump made the tariff announcement.

White House officials have said that Americans need to “Trust Trump” as he negotiates with trading partners.

----The problem for the White House is that shipping activity indicates that pain for consumers is on the way.

In addition to reporting falling bookings, shippers have been cutting rates and capacity on major lines. Capacity between Asia and the U.S. East Coast is down 22% in April and 18% in May from what had previously been scheduled, while capacity between the Asia and the West Coast is down 20% and 12% in April and May respectively, according to the maritime research firm Drewry.

“The shipping lines are trying to balance collapsing Asia-to-U.S. demand with their capacity both by cancelling dozens of sailings and by ending entire weekly services,” said Philip Damas, head of Drewry Supply Chain Advisors, in a company video on Monday.

Global Shipping Is Grinding to a Standstill. It’s a Matter of Time Until Americans Feel It.

Mattel CEO says toy manufacturing won’t come to America, but price hikes will

Published Tue, May 6 20259:22 AM EDTUpdated Tue, May 6 202512:30 PM EDT

One of the goals of President Donald Trump’s 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys.

“We don’t see that happening,” Mattel CEO Ynon Kreiz said on CNBC’s “Squawk Box” on Tuesday, less than a day after the company withdrew annual financial targets.

“We need to remember that a significant part of toy creation happens in America,” he said. “Design, development, product engineering, brand management all happens in America. Making product, producing product in other countries, allows us to create quality products at affordable price points.”

Mattel has been diversifying its global manufacturing for nearly a decade in an effort to reduce its dependence on China. By the end of the year, less than 40% of Mattel’s product will be sourced from the country. Kreiz noted that in two years, no country will represent more than 25% of Mattel’s sourcing.

In the meantime, Mattel is taking mitigating actions to fully offset costs associated with Trump’s trade war with China, including raising prices in the U.S., while aiming to keep the cost of many toys low.

The company is expecting to keep between 40% and 50% of its products under $20, according to Roth analyst Eric Handler.

Mattel CEO: Toy manufacturing won't come to U.S., but price hikes will

Covid-19 Corner

This section will continue only occasionally when something of interest occurs.

Trump orders curb on virus research he blames for Covid pandemic

Tue 6 May 2025 at 12:17 am BST

US President Donald Trump on Monday ordered new limitations on a form of biological research his administration says caused the Covid-19 pandemic through a lab leak in China.

The United States will halt funding in certain countries for so-called "gain-of-function" experiments -- aimed at enhancing the properties of pathogens —- according to an executive order Trump signed Monday at the White House.

"There's no laboratory that's immune from leaks -- and this is going to prevent inadvertent leaks from happening in the future and endangering humanity," Health Secretary Robert F. Kennedy Jr. wrote on X.

"Any nation that engages in this research endangers their own population, as well as the world, as we saw during the COVID pandemic," added Jay Bhattacharya, director of the National Institutes of Health.

Trump has long championed the theory that SARS-CoV-2 leaked from the Wuhan Institute of Virology as a result of gain-of-function research -- an alternative to the theory that the virus spilled over naturally from wild animals to humans at a seafood market in the same city.

The US government website Covid.gov, which previously focused on promoting vaccine and testing information, is now devoted to highlighting arguments that favor the lab leak.

Several US agencies, including the Federal Bureau of Investigation, the Department of Energy, and, most recently, the Central Intelligence Agency -- which shifted its stance under Trump's second term -- now lean toward a lab origin. Several other intelligence agencies favor natural spillover.

During the 2010s, the National Institutes of Health funded bat coronavirus research at the Wuhan Institute via the US-based nonprofit EcoHealth Alliance -- a grant axed by Trump in 2020 during his first term, but later partially restored under president Joe Biden.

Complicating matters, former top infectious disease official Anthony Fauci has maintained that the work in Wuhan did not meet the federal definition of gain-of-function, though some virologists and US officials have disputed that claim.

Trump's order names China as an example of a "country of concern" where such research should not be supported.

Trump orders curb on virus research he blames for Covid pandemic

Technology Update.

With events happening fast in the development of solar power and graphene, among other things, I’ve added this section. Updates as they get reported.

Inverted perovskite solar cell based on ionic salt achieves 26% efficiency

An international team led by the U.S. National Renewable Energy Laboratory (NREL) has used ionic salt for the electron transport layer of a perovskite solar cell to improve device stability and performance. Test results showed a 26% power conversion efficiency with 2% degradation after 2,100 hours of 1-sun operation at 65 C.

May 5, 2025

An international team led by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has applied a new ionic salt at the electron transport layer (ETL) interface in inverted perovskite solar cells to overcome weaknesses in commonly used optimized buckminsterfullerene (C₆₀) ETLs.

Inverted perovskite cells have a device structure known as “p-i-n”, in which hole-selective contact p is at the bottom of intrinsic perovskite layer i with electron transport layer n at the top. Conventional halide perovskite cells have the same structure but reversed – a “n-i-p” layout. In n-i-p architecture, the solar cell is illuminated through the electron-transport layer (ETL) side; in the p-i-n structure, it is illuminated through the HTL surface.

“One big challenge for the conventional device stack is the weak interface between the perovskite absorber layer and the ETL,” Kai Zhu, corresponding author of the research, told pv magazine.

To address the issues, the researchers developed an ionic salt synthesized from C60, referred to in the study as CPMAC. The CPMAC acronym is short for N-methylglycine, and tert-butyl 4-formylbenzylcarbamate molecules and hydrochloric acid. It react with C60, to form an ionic salt called 4-(1′,5′-dihydro-1′-me-thyl-2’H-[5,6] fullereno-C60-Ih-[1,9-c]pyrrol-2′-yl)phenyl-methanaminium chloride.

“We are excited that our new CPMAC ionic salt can significantly strengthen this interface by about a factor of three, and it does not negatively affect device operation,” said Zhu.

In the study, the researchers used the CPMAC salt as the “electron shuttle” in inverted perovskite solar cells (PSC) and minimodules. “This ionic salt layer fundamentally addressed the disadvantages of molecular C60 layer,” said the researchers.

Test results for the unencapsulated perovskite solar cell with CPMAC exhibited a 26% power conversion efficiency (PCE) with 2% degradation after 2,100 hours under standard 1-sun operation at 65 C. The PSC had a 25.5% efficiency with about 5% degradation after 1,500 hours of operation at 85 C.

Mini-modules measuring 6 cm2 achieved a PCE of 23% with less than 9% degradation after 2,200 hours of operation at 55C, according to the research.

Inverted perovskite solar cell based on ionic salt achieves 26% efficiency – pv magazine USA

Next, the world global debt clock. Nations debts to GDP compared.

World Debt Clocks (usdebtclock.org)

Logic, n. The art of thinking and reasoning in strict accordance with the limitations and incapacities of the human misunderstanding. The basic of logic is the syllogism, consisting of a major and a minor premise and a conclusion - thus: Major Premise: Sixty men can do a piece of work sixty times as quickly as one man. Minor Premise: One man can dig a post-hole in sixty seconds; Therefore- Conclusion: Sixty men can dig a post-hole in one second. This may be called syllogism arithmetical, in which, by combining logic and mathematics, we obtain a double certainty and are twice blessed.

Ambrose Bierce

London Irvine Report

Pages

Pages

Wednesday, 7 May 2025

P.M. Carney Tries To Set Trump Straight. Fed Day. US China Trade Talks.

No comments:

Post a Comment

Blog Archive

Translate

donate button

Feedjit

Blog Archive

About Me

Followers