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Saturday, August 16, 2025

Insane energy policies are set to burn Democrats in New Jersey, New York

 New York’s state Public Service Commission just OK’d big National Grid rate increases that’ll hike many upstate utility bills by $600 a year — fueling outrage Democrats will soon feel.

Downstate, Con Edison is seeking an 11.4% hike to electric bills and 13.3% gas hike — largely thanks to green-energy mandates that Gov. Kathy Hochul embraced along with the rest of the party.

The “climate agenda” is delivering pain we’ve long warned of, in New York and New Jersey.

Illustration of Gov. Kathy Hochul amid piles of money and lightning bolts.
Con Edison is seeking an 11.4% hike to electric bills and 13.3% gas hike — largely thanks to green-energy mandates that Gov. Kathy Hochul embraced along with the rest of the party.Jack Forbes / NY Post Design

Across the Hudson, electric bills as much as tripled this summer — and could cost Democrats the Jersey governor’s race.

“Once they realize that Democrats’ bungled energy policies are to blame for their exploding utility bills as well, it could blow November’s race wide open,” warned Bethany Mandel last week.

Yes, GOP Gov. Chris Christie shares in the blame for the Garden State’s madness, but it started with the Democrats before him and accelerated under Dem Gov. Phil Murphy, who let the Oyster Creek nuclear power plant close in 2018 and aggressively shut down fossil fuel-powered electricity sources.

New York’s worst-in-the-nation Climate Action Plan began under Gov. Andrew Cuomo but then Hochul doubled down on closing reliable natural-gas power plants and pretending expensive — and less reliable — solar and offshore wind installations could not only replace them, but make up for growing electric demand.

Both states are using more electricity than ever — even as “decarbonization” prevented supply from growing to match.

Even without soaring power demands for data centers and AI, green policies that push ever-more consumers to need electricity for cooking, home heating and vehicles put added strain on the grid.

Hochul’s belated push for new nuclear reactors upstate comes too late to stop the crunch; even “clean power” advocates admit the high risk will cause chaos for New York’s power grid.

Democrats who locked both states into this idiocy certainly should pay the political price.

Murphy barely won re-election in 2021; Hochul came shocking close to losing in 2022 — and all the issues that boosted Republicans then remain.

Now Democratic policies are delivering soaring utility bills in both states — and voters will know who to blame.

https://nypost.com/2025/08/16/opinion/insane-energy-policies-are-set-to-burn-democrats-in-new-jersey-new-york/

Average American To Receive $3,752 Tax Cut In 2026 Due To OBBBA

 by ThΓ©rΓ¨se Boudreaux via The Center Square,

The White House is touting a new economic analysis that estimates taxpayers will see an average $3,752 tax cut in 2026, due to provisions in the One Big Beautiful Bill Act.

According to the nonpartisan Tax Foundation report, taxpayers in every state will see reduced federal taxes next year and though there is “considerable geographic variation” in tax benefits.

“President Trump’s One Big Beautiful Bill is the largest, most consequential tax cut on the middle class ever,” White House Deputy Press Secretary Anna Kelly said Friday.

“Between lower inflation, massive investments, and historic tax cuts, all Americans are reaping the benefits of the Trump Economy – and the Golden Age has just begun.”

Republicans’ multitrillion-dollar OBBBA, among other things, made permanent the expiring 2017 Tax Cuts and Jobs Act’s across-the-board reduced tax rates; $15,000 standard deduction; $2,000 Child Tax Credit; 20% QBI deduction for small businesses; and $750,000 home mortgage interest deduction cap.

Three key business tax credits were made permanent as well – full reimbursement for new capital investments like machinery and equipment, an expanded deduction for corporation’s interest on debt, and immediate deductions for companies’ research costs.

The OBBBA also implemented a host of temporary tax provisions set to expire in 2030, including a quadrupling of the $10,000 state and local tax (SALT) deduction cap; a $6,000 deduction for seniors; and temporary tax deductions for tips and overtime pay, capped for single filers at $25,000 and $12,500, respectively.

Taken together, the Tax Foundation analysis estimates that the OBBBA’s tax provisions will lower individuals’ taxes in every state and create 938,000 full-time jobs in the long run.

Individuals in Wyoming, Washington, and Massachusetts will see the largest average tax cuts in 2026 – hovering around $5,100 – while residents of West Virginia and Mississippi will see the smallest average tax cuts that year, around $2,400.

On a more local level, taxpayers in mountain resort towns will receive the highest average tax benefits while taxpayers in rural counties will receive the lowest tax benefits.

Once the temporary tax provisions expire, however, the average tax cut will fall to $2,505 in 2030, then climb to $3,301 by 2035 due to inflation.

Although individual households will benefit from the tax cuts, the country’s fiscal health likely won’t, according to budget watchdogs like the Congressional Budget Office. CBO estimates that the trillions in lost federal revenue will add an extra $4.1 trillion to the national debt by 2034.

The U.S. national debt just topped $37 trillion, as The Center Square reported.

https://www.zerohedge.com/personal-finance/average-american-receive-3752-tax-cut-2026-due-obbba

How America's Workforce Has Changed Over The Past 25 Years

 Two decades ago, nearly one in five American workers answered phones, filed paperwork, or managed calendars.

Today, that figure has fallen sharply.

The visualization, via Visual Capitalist's Pallavi Rao, compares how 100 hypothetical workers were distributed across occupations in 2002 versus 2024. It revealing which fields lost—or gained—share during a period marked by globalization, new technology, and a pandemic.

The data for this visualization comes from the U.S. Bureau of Labor Statistics’ Occupational Employment and Wage Statistics, which track headcounts across more than 800 detailed job categories.

Those categories are grouped into 21 broad buckets, visualized here, to spotlight long-term structural shifts in U.S. jobs.

β„Ή️ BLS does not collect data on the agriculture sector, except for a few support categories.

Office Work is Still the Most Common U.S. Job

Back-office roles were once the backbone of white-collar employment.

But widespread adoption of enterprise software—from automated invoicing to cloud-based scheduling—has pared back demand.

Rank20022002 Workforce
as 100 People
20242024 Workforce
as 100 People
1πŸ§‘‍πŸ’Ό Office & Admin18πŸ§‘‍πŸ’Ό Office & Admin12
2πŸ“ˆ Sales10🚚 Transport & Logistics9
3🏭 Manufacturing8🍽️ Food9
4🍽️ Food8πŸ“ˆ Sales9
5🚚 Transport & Logistics7πŸ‘” Management7
6πŸŽ“ Education6πŸ’Ή Business and Financial7
7πŸ‘” Management6🩺 Doctors, Nurses, Technicians6
8🩺 Doctors, Nurses, Technicians5πŸŽ“ Education6
9πŸ—️ Construction & Extraction5🏭 Manufacturing6
10πŸ”§ Installation & Repair4πŸ§‘‍⚕️ Health Assistants & Aides5
11πŸ’Ή Business & Financial4πŸ—️ Construction & Extraction4
12🧹 Custodial3πŸ”§ Installation & Repair4
13πŸ§‘‍⚕️ Health Assistants & Aides2πŸ’» Data & Tech3
14πŸ›‘️ Protection2🧹 Custodial3
15🏨 Hospitality2πŸ›‘️ Protection2
16πŸ’» Data & Tech2🏨 Hospitality2
17πŸ“ Architecture & Engineering2🀝 Community & Social Service2
18🀝 Community & Social Services1πŸ“ Architecture & Engineering2
19🎭 Arts, Media, Sport1🎭 Arts, Media, Sport1
20πŸ”¬ Science1πŸ”¬ Science1
21⚖️ Legal1⚖️ Legal1
22🌾 Farming, Fishing, and Forestry0🌾 Farming, Fishing, and Forestry0
N/A🌐 All Occupations100🌐 All Occupations100

Note: Figures are rounded.

Between 2002 and 2024, Office & Administrative workers went from 18% of the employed workforce to 12%.

Even with the rise of hybrid work, clerical duties are increasingly handled by self-service portals and AI chatbots, leaving fewer traditional desk jobs.

The decline underscores how routine cognitive tasks are nearly as vulnerable to automation as factory work.

Despite this, Office & Administrative jobs are still the largest category by number of workers (12 per 100), even in 2024.

Services Surge in Transport, Food, and Healthcare

While clerical and manufacturing roles receded, service-oriented fields expanded.

Transport & Logistics now has nine workers per 100, compared to seven in 2002, buoyed by e-commerce that multiplies parcel volumes and warehouse positions.

Food Service has also climbed, reflecting a consumer shift toward dining out and delivery.

Healthcare saw twin gains: Doctors/Nurses/Technicians held steady at six workers per 100, while Health Assistants & aides rose from two to five workers as an aging population demands more support staff.

Together, these categories illustrate how in-person, non-routine work remains resilient.

High-Skill Roles Grow—but So Do Inequalities

Both Management and Data & Tech occupations added roughly one worker per 100 since 2002, mirroring a broader pivot toward knowledge work.

Overall, the workforce is more diversified, with less concentration in a few dominant sectors.

The shift reflects structural change: technology is reducing clerical jobs while demographic and digital trends are fueling growth in healthcare and tech.

If you enjoyed today’s post, check out The Most Common Job in Each U.S. State in 2024 on Voronoi, the new app from Visual Capitalist.

https://www.zerohedge.com/personal-finance/visualizing-how-americas-workforce-has-changed-over-past-25-years

Putin wins Ukraine concessions in Alaska but did not get all he wanted

In a few short hours in Alaska, Vladimir Putin managed to convince Donald Trump that a Ukraine ceasefire was not the way to go, stave off U.S. sanctions, and spectacularly shatter years of Western attempts to isolate the Russian president.

Outside Russia, Putin was widely hailed as the victor of the Alaska summit while at home, Russian state media cast the U.S. president as a prudent statesman, even as critics in the West accused him of being out of his depth.

Russian state media made much of the fact that Putin was afforded a military fly-over, that Trump waited for him on the red carpet, and then let the Russian president ride with him in the back of the "Big Beast", the U.S. presidential limousine.

"Western media are in a state that could be described as derangement verging on complete insanity," said Maria Zakharova, Russia's foreign minister spokeswoman.

"For three years, they talked about Russia's isolation, and today they saw the red carpet rolled out to welcome the Russian president to the United States," she said.

But Putin's biggest summit wins related to the war in Ukraine, where he appears to have persuaded Trump, at least in part, to embrace Russia's vision of how a deal should be done.

Trump had gone into the meeting saying he wanted a quick ceasefire and had threatened Putin and Russia's biggest buyer of its crude oil - China - with sanctions.

Afterwards, Trump said he had agreed with Putin that negotiators should go straight to a peace settlement and not via a ceasefire as Ukraine and its European allies had been demanding - previously with U.S. support.

"The U.S. president's position has changed after talks with Putin, and now the discussion will focus not on a truce, but on the end of the war. And a new world order. Just as Moscow wanted," Olga Skabeyeva, one of Russian state TV's most prominent talkshow hosts, said on Telegram.

Russia launched its full-scale invasion of Ukraine in February 2022, saying Kyiv's embrace of the West had become a threat to its security, something Ukraine has dismissed as a false pretext for what it calls a colonial-style land grab.

The war - the deadliest in Europe for 80 years - has killed or wounded well over a million people from both sides, including thousands of mostly Ukrainian civilians, according to analysts.

NO ECONOMIC RESET

The fact that the summit even took place was a win for Putin before it even started, given how it brought him in from the diplomatic cold with such pomp.

Putin is wanted by the International Criminal Court, accused of the war crime of deporting hundreds of children from Ukraine. Russia denies any wrongdoing, saying it acted to remove unaccompanied children from a conflict zone. Neither Russia nor the United States are members of the court.

Dmitry Medvedev, Russia's former president and a close Putin ally, said the summit had achieved a major breakthrough when it came to restoring U.S.-Russia relations, which Putin had lamented were at their lowest level since the Cold War.

"The mechanism for high-level meetings between Russia and the United States has been restored in its entirety," he said.

But Putin did not get everything he wanted and it's unclear how durable his gains will be.

For one, Trump did not hand him the economic reset he wanted - something that would boost the Russian president at a time when his economy is showing signs of strain after more than three years of war and increasingly tough Western sanctions.

Yuri Ushakov, Putin's foreign policy aide, said before the summit that the talks would touch on trade and economic issues.

Putin had brought his finance minister and the head of Russia's sovereign wealth fund all the way to Alaska with a view to discussing potential deals on the Arctic, energy, space and the technology sector.

In the end, though, they didn't get a look in. Trump told reporters on Air force One before the summit started there would be no business done until the war in Ukraine was settled.

It's also unclear how long the sanctions reprieve that Putin won will last.

Trump said it would probably be two or three weeks before he would need to return to the question of thinking about imposing secondary sanctions on China, to hurt financing for Moscow's war machine.

Nor did Trump - judging by information that has so far been made public - do what some Ukrainian and European politicians had feared the most and sell Kyiv out by doing a deal over the head of Ukrainian President Vladimir Zelenskiy.

Trump made clear that it was up to Zelenskiy as to whether he would agree - or not - with ideas of land swaps and other elements for a peace settlement that the U.S. president had discussed with Putin in Alaska.

Although as Trump's bruising Oval Office encounter with Zelenskiy showed earlier this year, if Trump thinks the Ukrainian leader is not engaging constructively, he can quickly turn on him.

Indeed, Trump was quick to start piling pressure on Zelenskiy, who is expected in Washington on Monday, saying after the summit that Ukraine had to a deal because, "Russia is a very big power, and they're not".

"The main point is that both sides have directly placed responsibility on Kyiv and Europe for achieving future results in the negotiations," said Medvedev, who added that the summit showed it was possible to negotiate and fight at the same time.

DONBAS DEMAND

While deliberations continue, Russian forces are slowly but steadily advancing on the battlefield and threatening a series of Ukrainian towns and cities whose fall could speed up Moscow's quest to take complete control of the eastern region of Donetsk, one of four Ukrainian regions Russia claims as its own.

Donetsk, some 25% of which remains beyond Russia's control, and the Luhansk region together make up the industrial Donbas region, which Putin has made clear he wants in its entirety.

Putin told Trump he'd be ready to freeze the front lines in Zaporizhzhia and Kherson, two of the other regions he claims, if Kyiv agreed to withdraw from both Donetsk and Luhansk, a person familiar with the matter told Reuters.

Zelenskiy rejected the demand, the source said.

According to the New York Times, Trump told European leaders that Ukrainian recognition of Donbas as Russian would help get a deal done. And the U.S. is ready to be part of security guarantees for Ukraine, German Chancellor Friedrich Merz said.

Some Kremlin critics said it would be a mistake to credit Putin with too much success at this stage.

"Russia has re-established its status and got dialogue with the U.S.," said Michel Duclos, a French diplomat who formerly served in Moscow and who is an analyst at the Institut Montaigne think-tank. "But when you have a war on your hands and your economy is collapsing, these are limited gains."

Russian officials deny the economy, which has been put on a war footing and has proved more resilient than the West forecast despite heavy sanctions, is collapsing. But they have acknowledged signs of overheating and have said the economy could enter recession next year unless policies are adjusted.

"For Putin, economic problems are secondary to his goals, but he understands our vulnerability and the costs involved," said one source familiar with Kremlin thinking.

"Both sides will have to make concessions. The question is to what extent. The alternative, if we want to defeat them militarily, is to mobilise resources more deeply and use them more skilfully, but we are not going down that road for various reasons," the person said.

"It will be Trump's job to pressure Ukraine to recognise the agreements."

https://ca.news.yahoo.com/analysis-putin-wins-ukraine-concessions-180751965.html

Outline emerges of Putin's offer to end his war in Ukraine

 Russia would relinquish tiny pockets of occupied Ukraine and Kyiv would cede swathes of its eastern land which Moscow has been unable to capture, under peace proposals discussed by Russia's Vladimir Putin and Donald Trump at their Alaska summit, sources briefed on Moscow's thinking said.

The account emerged the day after Trump and Putin met at an airforce base in Alaska, the first encounter between a U.S. president and the Kremlin chief since before the start of the Ukraine conflict.

Ukrainian President Volodymyr Zelenskiy is due to travel to Washington on Monday to discuss with Trump a possible settlement of the full-scale war, which Putin launched in February 2022.

Although the summit failed to secure the ceasefire he said he had wanted, Trump said in an interview with Fox News' Sean Hannity that he and Putin had discussed land transfers and security guarantees for Ukraine, and had "largely agreed".

"I think we're pretty close to a deal," he said, adding: "Ukraine has to agree to it. Maybe they'll say 'no'."

The two sources, who requested anonymity to discuss sensitive matters, said their knowledge of Putin's proposals was mostly based on discussions between leaders in Europe, the U.S. and Ukraine, and noted it was not complete.

Trump briefed Zelenskiy and European leaders on his summit discussions early on Saturday.

It was not immediately clear if the proposals by Putin were an opening gambit to serve as a starting point for negotiations or more like a final offer that was not subject to discussion.

UKRAINIAN LAND FOR PEACE

At face value, at least some of the demands would present huge challenges for Ukraine's leadership to accept.

Putin's offer ruled out a ceasefire until a comprehensive deal is reached, blocking a key demand of Zelenskiy, whose country is hit daily by Russian drones and ballistic missiles.

Under the proposed Russian deal, Kyiv would fully withdraw from the eastern Donetsk and Luhansk regions in return for a Russian pledge to freeze the front lines in the southern regions of Kherson and Zaporizhzhia, the sources said.

Ukraine has already rejected any retreat from Ukrainian land such as the Donetsk region, where its troops are dug in and which Kyiv says serves as a crucial defensive structure to prevent Russian attacks deeper into its territory.

Russia would be prepared to return comparatively small tracts of Ukrainian land it has occupied in the northern Sumy and northeastern Kharkiv regions, the sources said.

Russia holds pockets of the Sumy and Kharkiv regions that total around 440 square km, according to Ukraine's Deep State battlefield mapping project. Ukraine controls around 6,600 square km of Donbas, which comprises the Donetsk and Luhansk regions and is claimed by Russia.

Although the Americans have not spelled this out, the sources said they knew Russia's leader was also seeking - at the very least - formal recognition of Russian sovereignty over Crimea, which Moscow seized from Ukraine in 2014.

It was not clear if that meant recognition by the U.S. government or, for instance, all Western powers and Ukraine. Kyiv and its European allies reject formal recognition of Moscow's rule in the peninsula.

They said Putin would also expect the lifting of at least some of the array of sanctions on Russia. However, they could not say if this applied to U.S. as well as European sanctions.

Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil - which is subject to a range of Western sanctions - but might have to "in two or three weeks."

Ukraine would also be barred from joining the NATO military alliance, though Putin seemed to be open to Ukraine receiving some kind of security guarantees, the sources said.

However, they added that it was unclear what this meant in practice. European leaders said Trump had discussed security guarantees for Ukraine during their conversation on Saturday and also broached an idea for an "Article 5"-style guarantee outside the NATO military alliance.

NATO regards any attack launched on one of its 32 members as an attack on all under its Article 5 clause.

Joining the Atlantic alliance is a strategic objective for Kyiv that is enshrined in the country's constitution.

Russia would also demand official status for the Russian language inside parts of, or across, Ukraine, as well as the right of the Russian Orthodox Church to operate freely, the sources said.

Ukraine's security agency accuses the Moscow-linked church of abetting Russia's war on Ukraine by spreading pro-Russian propaganda and housing spies, something denied by the church which says it has cut canonical ties with Moscow.

Ukraine has passed a law banning Russia-linked religious organisations, of which it considers the church to be one. However, it has not yet started enforcing the ban.

https://ca.news.yahoo.com/outline-emerges-putins-offer-end-213751529.html