Aggregator
Tom Brady made ‘desperate’ 11-day attempt to save Gisele Bündchen marriage before divorce
Maine grandmother, her 2 grandkids killed after leaving their father’s wedding
How your romantic relationship could help prevent blood sugar spikes after eating
Nor’easter to pummel East Coast through Sunday night with 8 inches of rain and 80mph wind gusts
A Dollar Is Not A Dollar: A Plea To Make Dollar Policy Great Again
Authored by John Tamny via RealClearMarkets,
Le Diplomate is one of the toughest tables in Washington, DC. When it opened in 2013 its wildly popular Burger Americain (with French fries) set diners back $14, according to the Washington Post. Thirteen years later, the same meal retails for $29. As Tim Carman and Federica Cocca report at the Post, "the wholesale price of ground beef has soared between 18 and 30 percent in the past few years."
Ok, so why the higher ground beef prices, and beef prices in general? As you read this barbecue restaurants in Texas are quite literally removing brisket from the menu so expensive has it become, while a basic "Little Cheeseburger" at Five Guys costs more than $10, without French fries. Costs are soaring for seemingly the simplest of meats.
Carman and Cocca point to "Drought conditions" as the "primary reason for the rise in prices," due to reduced domestic cattle herds. They add that "Domestic cattle shortages mean more beef is arriving from abroad - and it's more expensive, up from $4.96 per pound in June 2025 to $5.59 per pound in June 2026."
The factors Carman and Cocca point to are difficult to lean on as big drivers of soaring beef prices. That's because globalization, or the division of labor, is generally not a cost accelerant.
Moving to the Trump administration, Carman and Cocca report that inside the White House they're yelling at the proverbial scoreboard with antitrust threats lobbed at the major domestic producers of beef, alongside a reduction in tariffs. The first solution is silly, while the second one is a reminder of the illiteracy informing economic policy within the modern GOP. Which brings us to the purpose of this piece.
Not discussed enough is the dollar. Reporters, politicians, and pundits talk endlessly about the prices of market goods, but almost never about the currency in which those market goods are priced. Their blithe countenance about the dollar reveals a major blind spot in their analysis.
That's because per the title of this opinion piece, a dollar isn't a dollar. Instead, the dollar's valuation is a moving target. Very much so.
Consider the WSJ Dollar Index. Since Donald Trump's inauguration in January of 2025, the dollar has fallen 6.3 versus various foreign currencies on the Index.
What about gold? Known for its constancy, the yellow metal's per ounce price doesn't move as much as the currencies measured in terms of gold do. Notable here is that gold is up roughly 63% since Trump's inauguration, and up 205% since 2013 when Le Diplomate charged $14 for a cheeseburger. This is not nothing.
Again, the dollar isn't a dollar in the way that a foot is always 12 inches, the minute 60 seconds, and the pound 16 ounces. Floated in 1971, the dollar has moved up and down since then. Down substantially under Presidents Nixon and Carter, up substantially under Presidents Reagan and Clinton, and then down substantially under Presidents Bush (W.), Obama and Trump. Commodities are very sensitive to the dollar's movements, and reflect them.
Which explains this opinion piece's plea. It's not random that costs from ground beef, to brisket, to gasoline have soared in modern times, rather it's not insignificantly a reflection of a declining dollar.
Cheeseburgers, brisket sandwiches and gallons of gasoline aren't expensive as much as the modern dollar is cheap. President Trump thinks a weak dollar is "great." He's wrong. See Le Diplomate, see Texas barbecue, and see prices at the pump. How about making a stable dollar great again to reverse a price explosion?
John Tamny is editor of RealClearMarkets, President of the Parkview Institute, a senior fellow at the Market Institute, and a senior economic adviser to Applied Finance Advisors (www.appliedfinance.com). His latest book is The Deficit Delusion: Why Everything Left, Right and Supply Side Tell You About the National Debt Is Wrong.
Tyler Durden Sat, 09/26/2026 - 12:50Phillies ‘choking down the drain’ with ‘magical’ Diamondbacks surging for final NL playoff spot
AOC’s possible 2028 run and more: Letters to the Editor — Sept. 27, 2026
Evil mother accused of abandoning baby inside dumpster revealed after year-long investigation
Polymarket promo code NYPMAX1: Deposit $10, get $50 for Iowa vs. Michigan
Nor'easter Hammers East Coast: 62 MPH Gusts Blast Nantucket, High Winds Hit Bethany Beach
Folks in the Mid-Atlantic and Northeast are waking up this morning to a power nor'easter with damaging winds, coastal flooding, and heavy rain.
Coastal wind gusts reached 62 mph on Nantucket, 58 mph in Bethany Beach, Delaware, and 55 mph in Chatham, Massachusetts, according to local weather data. New York's JFK Airport recorded a 53 mph gust. Winds are expected to continue through Sunday.
"Powerful nor'easter bringing major coastal flooding & damaging winds to the East Coast," NWS Weather Prediction Center wrote on X around lunchtime in New York, adding, "Roads are underwater at the Jersey Shore & gusts hit 64 mph on Nantucket. More flooding likely at high tides tonight & Sun. Turn Around, Don't Drown."
Powerful #noreaster bringing major coastal flooding & damaging winds to the East Coast. Roads are underwater at the Jersey Shore & gusts hit 64 mph on Nantucket. More flooding likely at high tides tonight & Sun. Turn Around, Don't Drown. Reports so far: https://t.co/9LGn1JoXUA pic.twitter.com/L84ZYVj3Rh
— NWS Weather Prediction Center (@NWSWPC) September 26, 2026Private weather forecasting firm NY NJ PA Weather provided a detailed map of the impacts for the Northeast through the weekend:
A nor'easter will impact the region this morning through Monday evening. Rain has developed along the coast. Rainfall will become widespread by 2 PM this afternoon and begin pushing inland through the evening. Meanwhile, winds will increase from the Northeast to 15 to 30 mph.
The worst conditions will be tomorrow morning, with torrential downpours, wind gusts up to 70 mph on the immediate coast, and visibility below a mile, producing poor travel conditions, power outages, flash flooding, and coastal flooding. Conditions will gradually improve from tomorrow afternoon through Monday afternoon as the storm weakens while lifting towards southern New England.
ZONE 1: Rain 2" -4", Winds 15-30 mph with gusts over 50 mph, high coastal flooding threat.
ZONE 2: Rain 1" -2", Winds 15-30 mph with gusts over 40 mph, high urban/river flooding threat.
ZONE 3: Rain 0." - 1", Winds 15-30 mph with gusts over 30 mph
ZONE 4: Rain 0.10"-0.50", Winds 10-20 mph with gusts under 30 mph
According to the utility tracking website PowerOutage.us, more than 90,000 customers across New Jersey, New York, Connecticut, and Pennsylvania are without power.
Footage:
Flooding again north of Bethany Beach, Delaware on our YouTube Live feed https://t.co/JGDokZlRE0 pic.twitter.com/LjhRUzm2eT
— Jesse Ferrell (@WeatherMatrix) September 26, 2026Tough situation in Ocean City, Nj. pic.twitter.com/NK8X4VBDtg
— WeatherWatcher (@WeatherWatchin) September 26, 2026When the Ocean meets the bay in Atlantic City and high tide is still an hour away. When mother nature speaks we have no choice but to listen. 🌊🙌🇺🇸 #AtlanticCityNJ pic.twitter.com/3yoGmDO8BV
— TheMastiffMafia (@mafia_mastiff) September 26, 2026Crews have rescued several people by boat and high water trucks in Sea Bright, New Jersey. Ocean Avenue has been inundated by coastal flooding from the Shrewsbury River. #njwx #noreaster pic.twitter.com/T4BvqAxQYD
— Bill Wadell (@BillWadell) September 26, 2026The good news is that no hurricanes have formed in the Atlantic so far this year, with a strengthening El Niño helping suppress hurricane development by increasing wind shear, which makes it harder for storms to organize and intensify.
Tyler Durden Sat, 09/26/2026 - 12:25Bill Maher credits ‘f–k around and find out president’ Trump for steep drop in crime
Gen Z celebs can’t stop serving the viral ‘boob rest’ pose
Officials make dramatic move to save rare sea turtle eggs from Hurricane Polo threat
Navy sailor comes home to ransacked apartment, stolen car after 10 grueling months aboard USS Lincoln
Luka Doncic stepping up as leader Lakers need him to be
Reseachers detect a direct radio signal from planet beyond solar system for the first time
"I'm Rejecting Their Deal": Trump Blasts Iranian Proposal Amid Reports He'll Resume Bombing After Midterms
Speaking to reporters Saturday on the White House lawn, President Trump offered his first direct confirmation that he has rejected an Iranian proposal for a seven-day ceasefire and is open to the resumption of attacks on the Islamic Republic, as it still insists on its strict demands for reopening the Strait of Hormuz and ending the war.
The night prior, The Wall Street Journal was the first to report that "President Trump has rejected Iran’s proposal for a seven-day ceasefire and has told aides he expects to resume bombing Iran after the November midterms, U.S. officials said." Here's how the president responded to a reporter's question Saturday morning:
Reporter: Will you strike Iran after the midterms?
Trump: I'm rejecting their deal. They want to make a deal where they open the Strait immediately because they're losing so badly.
They want to make a deal, and I think that's fine. I like making a deal, too, but that deal would… pic.twitter.com/87rKbDySLN
"Well I’m rejecting their deal," Trump responded. While in the fresh verbal interaction he did not explicitly state he plans to resume bombing, he also obviously did not deny the premise of the question (resumption of bombing Iran).
"They want to make a deal where they open the strait immediately because they’re losing so badly," Trump continued. "You know you don’t read that, you don’t see that in the fake news."
"We're winning tremendously. We have total control of the Hormuz Strait, massive amounts of oil are coming out of the Hormuz Strait," he claimed. "Last night we had 29 ships come out. They want to make a deal, and I think that’s fine, I like making a deal, too, but that deal would not be acceptable."
"And what they want to do is immediately open the Hormuz Strait. You know why? Because they’re dying," Trump said. "You know why they’re dying? Because they have no money coming in. Because they get their money from the Hormuz Strait."
He continued: “So they outsmarted themselves. They said, ‘Let’s close it and cause a problem for the world.’ And then I came along and we put up the greatest blockade ever in military history. It’s a wall of steel."
"I would put it up and guess what? They don’t have any money now because they wanted to close the strait. And I said, ‘That’s fine, we’re going to close it on you. But everybody else is able to use it,'" Trump added.
Analysis: President Trump thinks a better deal is just around the corner and he is willing to set the region on fire again in his pursuit of it.
Unfortunately, my pessimism on the U.S.-Iran talks held up.
The technical details of a new understanding were not difficult to hammer out. But the political commitment for peace is lacking.
President Trump thinks a better deal is just around the corner and he is willing to set… https://t.co/bbU5Pp6iim
For a brief moment there was hope that the warring sides could get back to 'technical talks' based on interactions on the sidelines of the UN General Assembly meeting in New York this past week. Some premature headlines even stated talks at the technical level were already taking place, which the Iranian side was quick to deny.
But at this point that scenario is clearly not going to happen coming out of the UNGA gathering, as President Masoud Pezeshkian has also now flown out of New York and is headed home, state media outlets have indicated.
Foreign Minister Abbas Araqchi previously said, "If the necessary conditions are met, the strait can be reopened, a normal maritime passage restored within seven days. The choice now rests with the United States." He explained: "The actions that the United States should take are not new. They are all already in the MoU." Tehran has said all along it would not back off its conditions for ending the war. The FM was said to be waiting in New York for a response before going back to Tehran. Presumably he too will now return to his country.
🔴 US President Donald Trump informed the negotiating team that there is no going back to the memorandum of understanding with Iran, a US source tells Al Arabiya English
🔴 The US source says Trump told his team that the Iranian negotiators are not decision makers
🔴 Trump… pic.twitter.com/Kc2F2P7Bzg
Trump was clearly not satisfied with the Iranian 7-day roadmap after he demanded the "complete dismantling" of Iran's nuclear program as a key condition for any deal. The Iranians have insisted the question of nuclear enrichment can only be discussed after the war is ended, saving the issue for a future time.
What's the next phase or gameplan here from Washington's perspective? Regional analyst and editor of Amwaj.media, Mohammad Ali Shabani, offers the following: "The next phase of the war will likely revolve around destroying Iran's economic infrastructure. The method is collective immiseration until desperate Iranians with nothing to lose will do the regime change." This of course sets the US on a trajectory of yet another 'forever war' in the region.
* * *
Tyler Durden Sat, 09/26/2026 - 12:00