Donald Trump is considering tapping North Dakota’s Doug Burgum to be his new “energy tsar”, which would give the oil state’s governor sweeping power to slash environmental regulations and boost US fossil fuels output.
Burgum, a billionaire businessman who ran in the Republican primary race this year before endorsing Trump, is the president-elect’s preferred candidate for the role, said people familiar with the discussions. Former energy secretary Dan Brouillette is also a contender.
Trump is weighing the reappointment of officials from his first term to senior energy roles as he looks to battle-hardened veterans to overhaul rules on everything from vehicle emissions to oil and gas leasing.
The new energy tsar role and its powers are not yet finalised, but people familiar with the plans said it would co-ordinate Trump’s deregulatory agenda across a patchwork of agencies including the Department of Energy, Department of Interior, Federal Energy Regulatory Commission, and Environmental Protection Agency.
The president-elect has vowed to gut at least 10 regulations across the federal government for every new one created and said he would appoint Tesla chief executive Elon Musk to helm a new efficiency commission “tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms”.
Rules governing climate and energy are set to bear the brunt of the regulatory bonfire.
Trump has railed against the EPA’s car emissions rules, calling them “the insane electric vehicle mandate”, and is also likely to remove curbs on oil and gas drilling on federal lands.
Boeing reportedly dismantled its global diversity, equity and inclusion (DEI) department as part of an overhaul of its operations ordered by the company’s new top executive — becoming the latest major company to ditch the controversial initiative.
The aerospace giant — which was slammed by tech mogul Elon Musk for prioritizing DEI over safety and quality controls after a near-catastrophic blowout during an Alaska Airlines flight — said staff from its DEI office would be absorbed into another human resources team focused on talent and employee experience, according to Bloomberg News.
Sara Liang Bowen, a company vice president who was put in charge of the now-defunct DEI unit, left the company on Thursday.
1. We are being fooled about technology in China (and Asia generally). Why? To promote war? Or serve some other agenda?
2. We are told that China test launched a hypersonic missile in 2021, but only managed to launch commercial flights of its own aircraft (Comac C919) in 2023. Really?
3. The hypersonic missile test development site (wind tunnel) was funded by the American Institute of Aeronautics and Astronautics in 2016. Is this new arms race even real?
4. Two years ago China went from producing 7 nm chips to 14 nm when the U.S. pulled chip technologists out.
According to Larry Fink these ‘new Mainers’ will be a negative drag on Maine’s future. In a world of AI and robotics, which is fast arriving, low-skilled, low-IQ, uneducable or unassimilable workers will not do Maine (or any other state) any good at all. Moreover, we all know they have been flown into Portland at taxpayer expense for one reason and one reason only — to vote for Democrats. ABN
Good news for Japan. Does not pay to import low-IQ and unassimilable workers. ABN
UPDATE: Most readers of this site probably cringe at mention of Larry Fink. I posted this clip because he actually made a good argument against mass immigration. If his faction of the elite can see this, they may moderate their avaricious zeal for destroying Western civilization. I hope everyone can see and absorb what Fink is saying. As we move rapidly into a very new and unprecedented future, our wants and needs will change. A good way to understand the present is to imagine the future and how to get to a good one. ABN
Go ahead and make some money. Elevator Speech: “MAGAnomics is essentially ‘inverse BRICS.’”
Everyone who is a pragmatic critical thinker knows that China will: subsidize their targeted sectors and devalue their currency to lower the tariff impact of exports to the USA. Beijing controls the banks, and they did this before.
As a result, the dollar value increases and imports cost less.
The Chinese imports then enter the USA at a lower price consistent with Beijing’s cost estimate as a tariff offset. Chinese actuaries are really good at this. China takes in a lower price but retains access to the USA market. That’s just how it works. The importers pay the tariff with a lowered price with a higher valued dollar. Essentially stasis is achieved in a stand-off.
Then…..
EU industrial products to Chinese manufacturing plants start to contract due to China’s aggressive cost cutting initiatives. The EU gets angry about the impact to their economy and looks for alternatives. The EU then follows the same path as China and devalues their central bank currency; further pressuring the dollar to an upward price.
Exports to the EU are now more expensive, but imports from the EU to the USA are now cheaper. Again, the EU goal is stasis.
Both scenarios create cheaper USA imports despite the Trump tariffs. However, on the EU side President Trump then ends the Marshal plan and executes a program of “tariff reciprocity” against the EU. More frustration and gritted teeth by Brussels.
American Buddhist Net 