

SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.


Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.

Elizabeth Heyd
Vowing to confront the number-one environmental threat facing the nation, President Obama pledged in his historic second inaugural address Monday to confront climate change.
Frances Beinecke, president of the Natural Resources Defense Council, made the following statement:
This is a call to action against the climate chaos that is sweeping our nation and threatening our future. Now it's time to act. Power plants are our single largest source of carbon pollution. We must cut that pollution. We must do it now, for the sake of our country, our children and the future we share.
Last year was the hottest on record for the continental United States, the National Oceanic and Atmospheric Administration reported earlier this month.
The NRDC has proposed a common-sense plan to reduce power plant carbon pollution by 26 percent by 2020. The proposal would keep roughly half a billion tons of carbon out of the atmosphere every year, cutting the U.S. carbon footprint by about 10 percent.
It would give states the flexibility to tailor plans to their individual energy mix, allow utilities to find the most cost-effective way to hit the targets and save families up to $700 a year in electricity costs.
Here is a link to the NOAA report: https://www.ncdc.noaa.gov/sotc/national/2012/13
Here is a link to the NRDC plan: https://www.nrdc.org/air/pollution-standards/
NRDC works to safeguard the earth--its people, its plants and animals, and the natural systems on which all life depends. We combine the power of more than three million members and online activists with the expertise of some 700 scientists, lawyers, and policy advocates across the globe to ensure the rights of all people to the air, the water, and the wild.
(212) 727-2700“Month after month, the data shows Donald Trump’s economy is failing American families.”
President Donald Trump's self-proclaimed "greatest" economy in history took another major blow on Friday as the US Bureau of Labor Statistics revealed that the American economy lost 92,000 jobs in February.
Heather Long, chief economist at Navy Federal Credit Union, described the report as "dismal," while noting that the US economy as a whole has actually lost jobs since Trump announced his "liberation day" global tariffs in April 2025.
"Total job gains since from May 2025 to February 2026 are now -19,000," she wrote. "Companies are not hiring in the face of all of these headwinds and uncertainty. And even healthcare is starting to slow down."
University of Michigan economist Justin Wolfers argued that "the economic story just changed dramatically" because of the jobs report, which also showed downward revisions to the estimated jobs created in December and January.
"Recession questions are back on the menu," he said.
Mike Konczal, senior director of policy and research at the Economic Security Project, zeroed in on the surprise loss of healthcare jobs in February as particularly concerning given that healthcare has been the lone industry to consistently add jobs in recent months.
"This is the first month in years where healthcare jobs went negative, really changing the dynamic," he said. "Cuts to Medicaid, cuts to ACA... suddenly the thing that was 187% of private jobs since liberation day, holding it together, may be giving out?"
Rep. Brendan Boyle (D-Pa.), ranking member of the House Budget Committee, said that the terrible jobs report was a direct reflection of Trump's economic mismanagement.
"Month after month, the data shows Donald Trump’s economy is failing American families," Boyle said. "The job market is weakening, costs remain high, and Trump’s illegal tariff taxes continue to hurt businesses and workers. Trump and his allies in Congress know their agenda isn’t working. Instead of helping working families, they are pushing more tariff taxes and more tax breaks for billionaires. It is clear Republicans in Washington simply do not care about working families."
Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, declared that "the deterioration in the labor market is visible from space," and pinned the blame on "Trump’s reckless economic agenda."
"As the president piles on blanket tariffs and oil prices soar," Jacquez said, "today's report confirms he's sent the economy straight into a stagflation spiral."
University of Pennsylvania economist Heather Boushey said weakness in the US economy had been evident for several months, although Friday's jobs report showed the largest job losses of any month during Trump's second term.
"Today's data should not come as a shock as there have been signs of weakening in the US labor market for quite some time," she said. "The Trump administration’s focus on undermining the US economy rather than investing in America may be coming home to roost."
Daniel Hornung, policy fellow at the Stanford Institute for Economic Policy Research, said that the bad jobs report will make things even harder for the US Federal Reserve when it comes to making interest rate cut decisions.
"This morning’s report... comes at a difficult moment, with inflation still above target and an oil price shock threatening to raise inflation further," Hornung said. "The report complicates the Fed’s efforts to keep both unemployment and inflation low, and it makes it difficult for the [Trump] administration to argue heading into the midterms that their policies are leading to the kind of growth or improvement in living standards that they’ve long promised."
"Several very substantial bets were placed in the last-minute moments prior to the February 28 attack," said a representative for Public Citizen.
A consumer watchdog group is calling on the federal agency that regulates prediction markets to investigate what it says are a series of "highly suspicious bets" placed on President Donald Trump's war with Iran.
In a letter sent on Thursday to Michael Selig, the chair of the Commodity Futures Trading Commission (CFTC), a representative for the group Public Citizen pointed out that users have been able to make off with six-figure winnings from betting on political outcomes using platforms like Kalshi and Polymarket, which "advertise that you can bet on almost anything, anywhere."
"While bets on the future of the Iranian regime had been sporadic and imprecise for months before the invasion, several very substantial bets were placed in the last-minute moments prior to the February 28 attack," wrote Public Citizen's government affairs lobbyist Craig Holman.
"For most of the year, bets of [Iranian Supreme Leader Ayatollah Ali Khamenei] being removed from power were long shots and low-balled guesses," Holman said. "In just the few hours before public announcement of the February 28 attacks, the odds and amount of the bets changed radically, rising from small bets at less than 25% to a few very large bets at over 50%. In the end, a few anonymous bettors hit the nail on its head and became very wealthy."
Holman pointed to a report from NPR that an anonymous account with the username “Magamyman” made more than $553,000 placing bets on Polymarket just before the Iranian leader was killed by an Israeli strike Saturday.
The Wall Street Journal, meanwhile, reported findings from the crypto analytics firm Bubblemaps, which identified “six suspected insiders” who had won a $1.2 million profit on a US strike through Polymarket. As the Journal wrote:
Most of them bet on a strike by February 28, which turned out to be the exact date of the operation, the firm said. One such user bet $26,000 and won over $200,000, a return upward of 657%.
These users’ bets were among half a billion placed on Polymarket alone regarding the precise timing of US strikes on Iran.
Sen. Chris Murphy (D-Conn.) said "it’s insane this is legal" and that "people around Trump are profiting off war and death." He added that he was "introducing legislation ASAP to ban this."
Holman asked Selig to identify the users who placed the highly lucrative bets and who, within the Trump and Netanyahu administrations, may have been privy to insider knowledge about the strikes.
The Trump family is deeply intertwined with the world of prediction markets. The president's media company, earlier this year, partnered with Crypto.com to launch its own prediction platform called "Truth Predict." Meanwhile, Donald Trump Jr. is an adviser to both Polymarket and Kalshi.
The president's CFTC chair, Selig—who has appointed the CEOs of prediction market platforms as advisers—has sought to shield betting markets from regulatory scrutiny, describing his goal as ushering in "the Golden Age of American financial markets."
Last month, facing what he called “an onslaught of state-led litigation,” Selig made the legally questionable assertion that Congress had given his agency the exclusive authority to regulate these platforms, not as tightly controlled gambling hubs but as commodities markets, which have much looser rules.
The Iran war is not the first time that mystery users have walked away with massive hauls after placing fortuitously timed bets on Trump's military operations. In January, a user won $436,000 on a bet that Venezuelan President Nicolás Maduro would be ousted by the end of the month, which they'd placed just hours before Trump's operation to remove him from power.
“Allowing prediction market platforms to bet on virtually anything, any time, is a recipe for disaster,” Holman said. “The American people should not have to wonder whether government officials are exploiting their access to classified information to make a quick buck. The CFTC must act swiftly to regulate platforms like Kalshi and Polymarket in order to protect the public.”
"We have totally unserious, completely incompetent people taking us into mindless, deadly war," said Democratic US Sen. Chris Murphy.
In an interview with TIME magazine published Thursday, US President Donald Trump responded flippantly to a question on whether Americans should be concerned about the possibility of a retaliatory attack on United States soil amid his illegal and intensifying war on Iran.
"I guess," Trump said when asked about a direct Iranian attack on the US. "We expect some things. Like I said, some people will die. When you go to war, some people will die."
Democratic lawmakers quickly seized on the president's comment as further evidence of his callous lack of regard for the potentially catastrophic consequences of the war he launched.
"This is deranged and dangerous," said US Sen. Elizabeth Warren (D-Mass.).
Sen. Mark Kelly (D-Ariz.), a retired US Navy officer, wrote on social media that the president "has terrible judgment, and Americans have already died because of it."
"This is officially TRUMP’S WAR," Kelly added.
Sen. Chris Murphy (D-Conn.) said Trump's remark underscored that "we have totally unserious, completely incompetent people taking us into mindless, deadly war."
The Trump administration has confirmed the deaths of six American soldiers so far. Earlier this week, a top Iranian security official claimed Iran's response to the massive US-Israeli bombing campaign—retaliation that has hit American military bases throughout the Middle East—has killed 500 US soldiers.
More than 1,200 Iranians have been killed by US-Israeli strikes so far, including the more than 160 people—mostly young girls—massacred in an attack on an Iranian elementary school that US investigators believe was carried out by American forces.
"Six of our fellow Americans and over a thousand Iranians lie dead. Their families have been shattered. Billions of our tax dollars have been spent. The Middle East has been plunged into war," Graham Platner, a Democratic candidate for US Senate in Maine and a veteran of the wars in Iraq and Afghanistan, wrote Thursday. "And for what?"
The Trump administration has refused to provide a clear objective, justification, or timeline for the war, which is costing US taxpayers roughly $1 billion per day. Politico reported earlier this week that US Central Command is "asking the Pentagon to send more military intelligence officers to its headquarters in Tampa, Florida to support operations against Iran for at least 100 days but likely through September."
"The longer this war goes on," Bruce Hoffman of the Council on Foreign Relations wrote Thursday, "the greater the incentive for Iran to apply all forms of asymmetric warfare in hopes of coercing Trump to abandon his war aims. Sleeper agents, lone actors inspired and motivated by Iran, cyberattacks on US infrastructure, and physical attacks on critical infrastructure are all possible."
In response to Trump's comments to TIME, Brian Finucane of the International Crisis Group asked, "Can someone remind me who the heads of the DHS and FBI are at the moment?"
"Surely they will stop any such attack," Finucane wrote sardonically.