So, what have we learned from these recent crashes?

1. It’s impossible to predict how long a stock market recovery will take.
2. If you don’t panic and sell your stock holdings when the market crashes, you will be rewarded in the long run. //

When you incorporate the effect of inflation, one dollar (in 1870 US dollars) invested in a hypothetical US stock market index in 1871 would have grown to $30,711 by the end of February 2025.

The substantial growth of that $1 highlights the enormous benefits of staying invested for the long term.

Still, it was far from a steady increase over that period. There were 19 market crashes along the way, with varying levels of severity. //

What does this history tell us about navigating volatile markets? Mainly, that they’re worth navigating.

Ken Jungeberg’s efforts saved a vast collection of North American Aviation’s WWII engineering drawings from being lost. In this interview, Ester Aube of AirCorps Aviation shares his story and her role in their preservation. //

During World War II, long before the advent of computer-aided design, thousands of skilled draftsmen meticulously created tens of thousands of engineering drawings for every aspect of each aircraft model produced. These drawings were not only precise and detailed—ensuring different factories could manufacture components to exact specifications—but also works of art in their own right. Without the dedication of preservationists and archivists, many of these irreplaceable documents might have been lost forever. Thanks to the vision of a select few, however, these drawings are being safeguarded—not just as historical artifacts but as invaluable resources for the warbird restoration community. In 1988, Ken Jungeberg, head of the Master Dimensions Department at North American-Rockwell’s Columbus plant, was granted permission to save a large collection of non-current engineering drawings from the company archive. //

In this video interview, Ester Aube, Manager at AirCorps Aviation, shares Ken’s story and her role in preserving these invaluable engineering drawings.
https://youtu.be/eK--vNanN_U

A former top advisor to Vice President Kamala Harris' failed presidential campaign was shocked when Harris told "The View" that she wouldn't have done anything different from President Biden, according to a new book by reporters Jonathan Allen and Amie Parnes.

With roughly one month to go until the November election, Harris famously told the liberal hosts that nothing "comes to mind" after they asked her to name something she would've done differently than Biden over the past four years.

Harris senior campaign advisor Stephanie Cutter was floored at Harris’ response, according to Allen and Parnes' new book released this month entitled, "FIGHT: Inside the Wildest Battle for the White House."

"What the hell was that?" Cutter recalled thinking to herself. "That’s not what we practiced.". //

That was all the ammunition the Trump team needed, and they wasted no time in brutally (but fairly) using it to their advantage. Epic: //

ThatGuy81
2 hours ago
With the passage of time, we can now see that unburdening ourselves of what could have been brings us joy. //

CJay
an hour ago
Three things…-ish.
1) What the heck did they practice for an answer? (Also, an admission that they knew questions in advance?)
2) Who had to tell her that she had just fallen out of the coconut tree on live TV? (Oh, to be a fly on the wall in that room.)
3) When did she finally realize she had unburdened herself of what could be? (Or has that even happened yet?)

anon-tf71 CJay
an hour ago

1. Not that I believe you are wrong, but in theory one can practice for anticipated questions.
2. No one. That would be a career limiting move. Let's face it, anyone working for her was already pretty career limited.
3. Your parenthetical.

"In previous years when I had known about transgender fencers being present, I just wouldn't register, but for this one, Redmond must have signed up after me," Turner said.

"I was like, ‘You know what, I’m just going to give it to God. If this person shows up to my event and is on my script, then I would take a knee, and that would be God's will.'"

It was not a decision she came to lightly, however.

Turner paid close attention to the "protect women's sports" movement that has emerged in recent years, and the backlash and harassment faced by the women who took part in it. She recalled the story of Riley Gaines being held hostage and assaulted at San Francisco State University in April 2023.

The idea of the backlash haunted Turner, but wasn't enough to stop her from taking the knee.

"It will probably, at least for a moment, destroy my life. I don't think that it's going to be easy for me from now on going to fencing tournaments. I don't think it's going to be easy for me at practice," Turner said. "It's very hard for me to do this."

For Turner, one of the sacrifices she is most concerned about is impeding the friendships she has with people in the LGBT community, who she said don't currently know about her stance on the issue.

As a lifelong Democrat, Turner insists she never opposed LGBTQ people. But the issue of trans inclusion of women's sports has driven her away from supporting the party, and she now identifies as a "new Republican conservative."

"I voted red down the ticket this year," Turner said. "It was like waking up to the lies of the mainstream media… Just to watch so many of my friends have this glassy-eyed look while just defending this policy because their brains can not manage the possibility that their party or their position has been wrong on this, and perhaps this isn't a civil rights movement, and they have been misled."

Turner added that she fully supports President Donald Trump cutting funding to states that allow trans athletes to compete in women's and girls sports.

"Something needs to be done, and there are activists who have embedded themselves in authoritative positions in sports bodies."

President Trump has made one intention very clear, that being that he will be working to restore the United States' industrial base. He's been taking steps to do that, and many of those steps have involved tariffs intended to balance trade. This effort has culminated (so far) with the April 2nd "Liberation Day" reciprocal tariffs. Democrats and even some Republicans are opposing the tariffs, but one administration member, Secretary of State Marco Rubio, went on record on Friday in support of the president's plans. //

Granted, tariffs make many uncomfortable, and that discomfort is not limited to the left; free-trade advocates on the right are concerned as well. But, as President Trump points out, free trade has to work both ways, and many nations have heavy tariffs on American goods.

The free-market advocate website Issues & Insights is a little more cautious on the matter, but they are not ruling out the idea that the tariffs may have the desired effect. //

If Trump’s approach works better than all those trade deals at bringing down other nations’ tariffs, who can complain? Certainly not free traders.

You don't get much more free trader than I&I's editorial board. //

The thing is, we're in terra incognita here. The United States has not tried a major tariff reset since Smoot-Hawley in 1930. And, despite what you will hear in some quarters, the Smoot-Hawley tariffs didn't cause the Depression; the market crash that led to that financial disaster happened in 1929. No less an economist than Milton Friedman opined that the effect Smoot-Hawley had on the Depression was minimal. What's more, the global economy is vastly different now than it was in 1930. Britain, in 1930, had the world's largest and most powerful navy on the planet and a powerful industrial base, while the United States was still moving from being a predominantly agricultural economy to an industrialized one - and only ten years later, we would be the "arsenal of democracy." Japan was the primary power in Asia, militarily and economically, while China was an agricultural country mired in what we would now call the third world.

Much has changed since then. //

anon-9s7n
3 hours ago edited
Trump has been right about pretty much everything so far. The status quo of being a services economy (that is pretty easy to compete against given our woeful status of education) is not acceptable to anyone with a functioning cranium. We have to incentivize manufacturing in this country and not one single person at any level of the public square has come up with a better way than this.

All the detractors need to clamp their pie holes shut until they can come up with a detailed, multi-year strategy to achieve the same end of bringing manufacturing back to this country.

I'm far more interested in FAIR trade than free trade. Free trade just means giving other nations a free ride on the back of Americans. Enough! //

Eric R EDMUND
an hour ago
There were 10% drops twice in 2024 with no tariffs and a Dem in the White House, no one panicked, almost no one even noticed. The markets will recover quickly enough and if the number of people working has increased in the mean time, it will based on healthier fundamentals. //

Red in Illinois
2 hours ago edited
Rand Paul is good on alot of things but he should not be in charge of anything. His “principles” will not allow him flexibility to actually get to where his principles are occurring.

We do not have free trade right now. We have free trade for thee but not for me. We allow most countries to import their goods to our shores at little cost while these same countries create barriers to our exports….making them non-competitive in foreign markets. These barriers can be out right tariffs, import quotas, regulations that make thier domestic good more affordable and/or manipulate their currency. They can also subsidize their industries effectively making them undercut our products.

For those that havent learned how Trump operates yet….I’ll clue you in. The end goal is not to collect tons of $ from these tariffs nor to raise prices of imported goods. That may occur during the interim though. The goal is to get these countries to reduce their barriers to our exports by using the admission price to the US consumer market as leverage.

In other words, these tariffs are meant to promote FREE trade between countries…not end it.

I don’t know if it will work but I have learned a long time ago that Trump often ends up proving alot of people wrong. I think he’ll do it again.

If you are a clergy member or minister, you must:

• Include the rental value of the home you live in, or the housing allowance, if it was provided to you by the church
• Include income you get for working as a minister if you are an employee

Ministers' housing
If the church provided housing to you as part of your minister’s pay, you should include the rental value of the home or housing allowance as part of your earned income from self-employment for the EITC.

The rental value of the home is the money the church would get if they charged you rent.

The Heritage Guide to the Constitution is intended to provide a brief and accurate explanation of each clause of the Constitution as envisioned by the Framers and as applied in contemporary law. Its particular aim is to provide lawmakers with a means to defend their role and to fulfill their responsibilities in our constitutional order.

At last check, we were north of 160 federal lawsuits filed against Trump administration executive actions, and while the district courts have been furiously handing out temporary restraining orders (TROs) and injunctions, a number of the cases have been snaking their way up through the appellate courts to the Supreme Court. Mind you, these are largely procedural rulings rather than decisions on the merits. There's still a long way to go before all the dust settles.

But the Trump administration scored a win before the Supreme Court Friday afternoon as the high court issued a 5-4 decision granting the administration's request for a stay of a district court TRO, which enjoined the administration from terminating various education-related grants and required it to pay out past-due grant obligations and continue paying grant obligations as they accrue. //

As noted above, this was a 5-4 decision. It is per curiam, so there's no designated author of the majority decision, but Chief Justice John Roberts sided with the court's three liberal justices in dissent. //

DaveM Outerlimitsfan
an hour ago
Roberts has been a problem from the day he became Chief Justice.
When he became Chief Justice he exposed himself as a typical long service government bureaucrat- i.e the smooth functioning of the organization is vastly more important than anything the organization actually does.

Delta Air Lines is celebrating its 100th anniversary with a grand renovation of the Delta Flight Museum, reopening on April 7. Located at the airline’s Atlanta headquarters, the museum showcases a century of aviation history with expanded exhibits, interactive experiences, and rare aircraft like the Douglas DC-3 and Spirit of Delta Boeing 767.

“That just opened the door for me to start listening more to the other side, really. Because if you’re willing to lie to me and tell me that a man can become a woman, then I wonder what else could you be lying to me about?”

Media political commentator Jonathan Turley broached the subject on Wednesday, opining that a third term in office for Trump is "unlikely":

The late Justice Antonin Scalia famously said that Congress does not “hide elephants in mouseholes.” His point was that courts are skeptical of using minor provisions in a statute to achieve sweeping new legal changes.

The challenge of stuffing an elephant into a mousehole came to mind this week after President Donald Trump said that he is “not joking” about considering a third term and that experts told him it is possible under the Constitution.

One often has to take such moments with a heavy dose of skepticism from a president who clearly relished handing snake-in-a-can soundbites to the media just to watch the resulting screams. If so, he was not disappointed. The media went into renewed vapors as commentators pronounced, yet again, the death of democracy.

However, given the president’s statement, it is important to be clear about the basis for this theory, which has long been something of a parlor game for law professors on how a president might be able to circumvent the two-term limitation imposed by the 22nd Amendment. //

Translation: While some on our side relish Trump's role as a master troller, this is one area where trolling, if he is indeed doing so, could potentially hurt both the president and congressional Republicans who defend such talk.

It behooves the wise among us—including Trump, I hope—to understand that while he relishes playing to loyalists, his decisive president election win was made possible by untold numbers of Democrat crossover votes, including record numbers of Black and Hispanic voters, who may not have been huge fans, but voted as much against Harris-Walz as for Trump-Vance. //

etba_ss
an hour ago
There is only one way, legally. A new Constitutional Amendment. If they tried the back door, SCOTUS would rule 9-0 against it, as they should.

A ticket of Vamce-Trump would lose, as the focus would be on subverting the Constitution. The votes you'd lose on that issue would make it unwinnable. Why would Vance be interested in that?

Trump isn't serious. He's trolling. I think it's a foolish troll that offers no reward but risks him being viewed as the tyrant they claim he is by people who aren't crazy about him in the first place.

Some jokes aren't smart to make.