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Federal Reserve Board: 90% Of Tariffs Are Paid By U.S.

When President Trump began in early 2025 imposing various tariffs on countries and products around the world there was debate about who would wind up bearing the cost of the Trump tariffs. (They are called Trump tariffs because the President has claimed the power to impose them with no further Congressional approval.) The Federal Reserve Bank of New York has now resolved the debate In 2025 the Bank found that American consumers and businesses bore about 90% of the cost of President Trump’s sweeping tariffs. The average U.S. tariff rose from 2.6% to 13%, about 10 percentage ...

Shoveling For Sunshine

I’m on it. I checked. In March, spring is slated to arrive on time. The sun will cross the equator around March 20, heralding the arrival of the new season. Do you have your doubts? Last year, it took more than a month for spring to remember its agreement, but it’s like this every year: life becomes a giant ketchup commercial, as we sit in anticipation of spring actually stepping up to the plate. It is the most rebellious of seasons. I remember volunteering for a Girl Scout camping trip for my daughter’s troop. They set the date for June 15th, and I spent the night in a ...

How Far Is It Going To Go (Part 1)

*Note – Because there is a lot to say about this subject, this narrative will be in two edition segments beginning today and concluding next week. I’m not a huge fan of the “to be Continued” blurb, so I’m giving you a heads up now. I hope it doesn’t change your mind about reading it. As a huge baseball fan, I try to keep up with the history of the game as best I can, including the bad that comes with, what I feel is the greatest sport of all. That’s not to say I don’t care for other sports, but baseball seems to be the sport most often statistically discussed and ...

Is Anybody Sorry Anymore?

In today’s generation, the simple phrase “I’m sorry” is used far less than it should be. Instead, many people play the blame game or deflect responsibility rather than taking personal accountability for their actions and choices. Receiving an apology for an unprovoked action of another can feel wonderful, but the crucial question remains: Does an apology reflect true sincerity, or is it a strategic avoidance of consequences, or quite possibly it’s merely a passive phrasing like “How are you?”, “Dude”, or “Man” but really has no substance? Google defines an ...

Just One Well-Aimed Snowball

Frankly, I don’t throw a snowball very often these days. Occasionally I might toss a mischievous handful at Richard in the driveway. I do remember though, back when I was first aware that a good snowball is a weapon. I’ll never forget what happened: I was in the fourth grade. In the winter we couldn’t wait to blast out of school and race home for snow play. My classmate, Nancy, and I built a tall snow fort behind the front yard low hedge. It was a fun place to snuggle out of the wind and we kept fortifying and smoothing its sides with each new snowfall. We dug out peep holes so ...

Securing Our Elections Hinders Cheating

Let’s suppose. Let’s suppose you went into a bank and tried to open an account or take out a loan without proving your identity. Let’s suppose you tried to get a hunting or fishing license without proving your identity. Let’s suppose you tried to buy a gun legally without proving your identity. And the list goes on and on. Let’s suppose that, without proving your identity, you tried to: • Start a new job. • Get a marriage license. • Get a driver’s license. • Rent a vehicle. • Lease a vehicle. • Buy a vehicle. • Register a vehicle. • Get ...