Monday, October 13, 2025

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California Spending Up 50% Per Capita Since 2019

(Kenneth Schrupp, The Center Square) California’s annual state spending is up 50% per capita, or $106.3 billion, since 2019, the first year Gov. Gavin Newsom took office, highlighting the state’s growing budget woes. According to taxpayer advocates, the state government has increased spending, despite the state’s constitutionally-mandated balanced budget requirement,...

Trump Delays China Tariffs by 90 days

(Andrew Rice, The Center Square) The deadline to enact further reciprocal tariffs against China will be extended by 90 days, President Donald Trump announced Monday night. “ continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national...

Trump Says ‘Land Swapping’ Required for Peace in Ukraine

(Dave DeCamp, Antiwar.com) President Trump said on Monday that there will be “land swapping” between Russia and Ukraine as part of a potential peace deal and pushed back on Ukrainian President Volodymyr Zelensky’s public rejection of ceding any territory to Moscow. “I was a little bothered by the fact that Zelensky...

Indian Gold Jewelry Market Optimistic Demand Will Rebound in H2

(Mike Maharrey, Money Metals News Service) Indian jewelry dealers remain upbeat despite headwinds created by higher prices. They expect demand to rebound in the latter half of the year and are aggressively stocking inventory as the fall festival and wedding season approaches. India ranks as the second-largest gold market in...

Gold & Silver Drop as U.S. Rules Out Bullion Tariffs

(Jesse Colombo, Money Metals News Service) I wanted to post a quick follow-up to the recent tariff saga that has whipsawed the gold market in recent days—and, by extension, silver, due to their close correlation. I first covered this on Saturday, and yesterday brought the latest development. After some back-and-forth over...

Trump Confirms Nvidia Chip Agreement

(Andrew Rice, The Center Square) Nvidia will pay the United States 15% of the money it makes from selling artificial intelligence chips to China, President Donald Trump said in a press conference on Monday. Trump said he allowed Nvidia CEO Jensen Huang to sell H20 chips to China while the...

Backing Bibi, Trump Suggests Israel Needs To Ramp Up Military Pressure on Hamas

(Dave DeCamp, Antiwar.com) In an interview with Axios on Monday, President Trump provided backing for Israeli Prime Minister Benjamin Netanyahu’s plans to escalate in Gaza, suggesting that Israel needed to ramp up the pressure on Hamas. The report said that Trump stopped short of directly endorsing the Israeli government’s plan to...

Pennsylvania Steel Plant Explosion Kills 2

(Headline USA) An explosion rocked a steel plant outside Pittsburgh on Monday, leaving two dead and 10 others injured, including a person who was rescued from the smoldering rubble after hours of being trapped. The explosion sent black smoke spiraling into the midday sky in the Mon Valley, a region of...

Musk Says He Plans to Sue Apple

(Headline USA) Billionaire SpaceX, Tesla and X owner Elon Musk says he plans to sue Apple for not featuring X and its Grok artificial intelligence chatbot app in its top recommended apps in its App Store. Musk posted the comments on X late Monday, saying, “Hey @Apple App Store, why do...

Trump Says He’s Placing Washington Police Under Federal Control and Deploying the National Guard

President Donald Trump is promising new steps to tackle homelessness and crime in Washington, prompting the city's mayor to voice concerns about the potential use of the National Guard to patrol the streets in the nation's capital. Trump wrote in a social media post that he would hold a White...

Gold Revaluation & the “Strategic Bitcoin Reserve”

(Clint Siegner, Money Metals News Service) There are hints that at least a few within the federal government are toying with the idea of revaluing U.S. gold reserves. The 261.5 million ounces of gold reportedly owned by the U.S. Treasury have been held on the books at just $42.22/oz since the last...

Tariff Confusion Sends Gold on Round Trip

(Jesse Colombo, Money Metals News Service) What to know about last week’s tariff-driven spike and drop in COMEX gold futures, and what it means for gold’s next move. What began as a quiet week for gold took an unexpected turn on Thursday afternoon when speculation emerged that gold bullion imports into the...
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