Thousands of activists converged on Washington D.C. for the People’s March, protesting a range of issues from the incoming Trump administration’s policies. Three separate marches, focusing on democracy/immigration, D.C. statehood, and LGBTQIA/bodily autonomy, respectively, culminated in a rally at the Lincoln Memorial. The event, organized by several national activist groups, drew participants from across the East Coast and aimed to mobilize opposition to perceived threats to civil rights and freedoms. Counter-protesters also gathered at the Lincoln Memorial, focusing on abortion rights.
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Donald Trump’s newly launched cryptocurrency, $Trump, rapidly gained a market cap exceeding $6.5 billion before settling around $4.7 billion. The coin’s launch coincided with a pre-inauguration “Crypto Ball” and features Trump’s companies holding 80% of the tokens, raising concerns about potential conflicts of interest. Disclosures state the coin is non-political, despite Trump’s plans to prioritize cryptocurrency as president-elect. The significant holdings by Trump’s companies have fueled comparisons to “pump and dump” schemes.
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In a final round of student loan forgiveness, the Biden administration canceled over $600 million in debt for 8,650 borrowers. This relief targets 4,550 individuals eligible under the Income-Based Repayment plan and 4,100 former DeVry University students. DeVry’s debt cancellation stems from a 2022 Department of Education finding of widespread misrepresentation of job placement rates. While DeVry declined comment due to ongoing litigation, they expressed support for student and taxpayer protection through improved processes.
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Donald Trump’s new “$TRUMP” meme coin, launched Friday, has seen a dramatic price surge, reaching $26.95 from $0.18, with a market cap exceeding $5 billion. Former aide Anthony Scaramucci condemned the venture as “corruption,” echoing concerns about Trump’s continued use of his image to sell merchandise. Critics cite this as another example of Trump leveraging his position for personal profit, particularly during his presidential campaign. The coin’s rapid growth and the controversy surrounding it highlight the volatile nature of meme coins and raise ethical questions regarding the actions of a president-elect.
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Following Donald Trump’s unexpected reelection victory over Kamala Harris, Tiffany Flowers, leader of a voting rights coalition, experienced shock and dismay. Working tirelessly on election night to ensure voter safety, Flowers only learned of the landslide win late, describing the outcome as “gross” given her belief in America’s potential. This feeling fueled her participation in Saturday’s pre-inauguration protests in Washington. The election’s result deeply impacted Flowers and many others who actively worked to support the democratic process.
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Canadian Foreign Minister Mélanie Joly warned that President-elect Trump’s threatened 25% tariff on Canadian goods would result in a “Trump tariff tax” for Americans. Canada plans retaliatory tariffs, targeting key American industries and products, should the tariffs be imposed. This action risks significant economic harm to both nations, impacting sectors such as autos, energy, and agriculture, with Canada prepared for a substantial response. The potential economic fallout is substantial, impacting both GDP and numerous American jobs, as highlighted by both Joly and former finance minister Chrystia Freeland.
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Alejandra Whitney-Smith, a DC resident and attorney, will spend Trump’s inauguration weekend in a cabin to avoid the “hostile negative energy” associated with the event, particularly given her mother’s experience during the January 6th Capitol attack. Many other residents share similar sentiments, opting for getaways due to concerns about Trump’s second term and his divisive rhetoric. Conversely, Trump’s inauguration is generating significant interest among his supporters, with high hotel demand reflecting their enthusiasm. This stark contrast highlights the deeply divided political climate in the US.
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Despite strong support for Donald Trump in western Ohio’s corn-growing regions, his nomination of Robert F. Kennedy Jr. to head the Department of Health and Human Services raises concerns. Kennedy’s proposed ban on high fructose corn syrup and seed oils could significantly impact corn farmers, potentially displacing billions of bushels and drastically lowering prices. While immediate implementation is unlikely, the long-term effects remain uncertain, leaving farmers cautiously observing the situation. Many farmers prioritize a broader assessment of Trump’s administration rather than focusing solely on this one issue.
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Acting Secretary of Labor Julie Su expressed deep concern that a second Trump administration, advised by billionaires like Elon Musk, would dismantle numerous pro-worker policies enacted under President Biden. These policies include crucial protections for workers facing extreme heat, expanded overtime pay, and increased enforcement of labor laws resulting in over $1 billion recovered for wage theft victims. Su highlighted the Biden administration’s successes in infrastructure investment, union support, and worker safety regulations, contrasting them with the potential rollback of these achievements under a Trump presidency. She emphasized the importance of a strong Labor Department to protect vulnerable workers and enforce existing labor laws.
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John Q. Hosedrinker
Trump’s Indoor Inauguration: Cold, Crowds, or Cowardice?
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