Donald Trump is guaranteed to make this not only the hottest planet around but a planet of billionaires living in a new golden age (both of their wealth and of a world in flames)
By Tom Engelhardt
Honestly, as 2025 begins, isn’t it finally time to reimagine American history? So, what do you think of this: George Trump, Abraham Trump, Ulysses S. Trump, Franklin D. Trump, Dwight D. Trump, John F. Trump, Lyndon B. Trump, and even Richard M. and George W. Trump. And yes, of course, on January 20th, Donald J. Trump (of all people) will once again be president of these distinctly (dis-)United States of America.
As Joe Biden hobbles into… well, if not the future, then some unknown past, HE looms over us, the political equivalent of a giant armed drone about to be back in the skies of our lives. Of all the Americans whom, once upon a time, I couldn’t have dreamed of being in the White House, Donald J. Trump would have been at the top of my list. No longer, of course. Sometimes I even imagine calling my parents back from the dead and trying to explain President Trump (twice!) to them. They would be… well, flabbergasted is far too modest a word for it, even if, to put him in a context they would have understood, I had compared him to a nightmarish figure of their own time: Wisconsin Senator Joseph R. McCarthy.
My mother was a political and theatrical caricaturist in the 1950s. Of all the drawings of hers I still have, the one that, grimly enough, I keep propped up near my desk in the room where I work — call me a masochist, if you will — is a caricature she did for the New York Post (in the pre-Murdoch days when it was still a liberal publication) of that grimmest of senators of her era, Joe McCarthy. He was the fellow who claimed that the State Department contained hundreds — yes, hundreds! — of communists. She drew that eerily smiling portrait in the spring of 1954 at the time of the Army-McCarthy hearings when he insisted that the U.S. military, too, was filled with commies and, in the process, essentially took himself down.
Continue reading at www.commondreams.org
Six big US banks quit net zero alliance before Trump inauguration
Exodus from target-setting group is attempt to head off ‘anti-woke’ attacks from rightwing politicians, say analysts
By Damien Gayle
Wed 8 Jan 2025
The six biggest banks in the US have all quit the global banking industry’s net zero target-setting group, with the imminent inauguration of Donald Trump as president expected to bring political backlash against climate action.
JP Morgan is the latest to withdraw from the UN-sponsored net zero banking alliance (NZBA), following Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs. All six have left since the start of December.
Analysts have said the withdrawals are an attempt to head off “anti-woke” attacks from rightwing US politicians, which are expected to escalate when Trump is sworn in as the country’s 47th president in just under a fortnight.
Trump’s vows to deregulate the energy sector, dismantle environmental rules and “drill, baby, drill”, were a big part of his campaign platform and are expected to form a key part of his blueprint for governing the US, the world’s biggest oil and gas producer.
Paddy McCully, a senior analyst at the campaign group Reclaim Finance, said: “The sudden exodus of these big US banks out of the NZBA is a lily-livered effort to avoid criticism from Trump and his climate denialist cronies.
“A few years ago, when climate change was at the front of the political agenda, the banks were keen to boast of their commitments to act on climate. Now that the political pendulum has swung in the other direction, suddenly acting on climate does not seem so important for the Wall Street lenders.”
Continue reading at www.theguardian.com
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