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America One News
5 Apr 2025
#politics
Liberty Nation News: Senate GOP Pushes Budget Reconciliation – No Democrats Needed - Liberty Nation News
The Senate voted 52-48 to advance a budget reconciliation framework aimed at making Trump-era tax cuts permanent, bypassing the filibuster. Despite Democratic efforts to amend the bill, only one amendment passed, with the final vote at 51-48.
Senate Republicans, led by Lindsey Graham and John Thune, believe they can navigate around the Senate Parliamentarian's rulings to include tax cuts in the reconciliation process. This move has drawn criticism from Democrats, who accuse Republicans of undermining Senate rules.
#economy
The Telegraph: The global victory of capitalism has turned it into something dark
The U.S. has imposed tariffs on poorer nations, raising questions about capitalism's moral foundation. Critics argue this shift mirrors Cold War propaganda, portraying capitalism as a system that benefits the rich at the expense of the poor.
As China rises with state capitalism, the U.S. struggles to maintain its image as a global model of democratic values, while poorer nations become pawns in a power struggle. The narrative of capitalism as a path to opportunity is challenged, suggesting a shift towards pure power dynamics.
Le Monde: Wall Street plunges after China reacts to Trump's tariffs
Wall Street faced a significant downturn on April 4, 2025, with the S&P 500 dropping 6% and the Nasdaq losing 5.8% after China retaliated against U.S. tariffs. Over two days, both indexes fell more than 10%, leading to concerns about entering a long-term bear market.
The market correction erased over $6 trillion in valuations, with the "Magnificent Seven" tech companies alone losing $1.8 trillion. Notable losses were reported for Elon Musk, Jeff Bezos, and Mark Zuckerberg, while Warren Buffett's cautious strategy resulted in a $23 billion gain.
#crime
GB News: Young mum jailed after scamming pensioner out of £300k in jewellery
Leonnie Charles, 23, has been sentenced to 32 months in prison for her role in a fraud scheme that targeted elderly victims, stealing over £416,000. The gang, posing as police officers, manipulated victims into handing over valuables under false pretenses.
Charles acted as a courier, collecting money and jewelry from victims, including a professor who lost family heirlooms. Despite her defense highlighting the impact of imprisonment on her young daughter, the judge emphasized the severity of her crimes against vulnerable individuals.