Michael Derby
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michaelsderby.bsky.social
Michael Derby
@michaelsderby.bsky.social
Fed and economy reporter with @reuters.com, ex-Wall Street Journal. Failed musician, guitar holdout, I really like pedals.
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Reposted by Michael Derby
A felon freed by Trump in his first term is sentenced again, this time to 27 months after a judge found that he sexually assaulted a nanny, swung an IV pole at a nurse and dodged tolls in his Lamborghini and Ferrari. www.nytimes.com/2025/11/10/n...
Felon Freed by Trump Is Sentenced Again, This Time to 27 Months
www.nytimes.com
November 10, 2025 at 8:00 PM
Reposted by Michael Derby
$2,000 tariff dividends would cost $600 billion a year and if paid annually would raise the debt to 134% of GDP (from ~100%) by 2035, the Committee for a Responsible Federal Budget estimates.
November 10, 2025 at 8:08 PM
Reposted by Michael Derby
Though Trump’s pardons can’t extend to state crimes, I think it’s worth pointing out the message being conveyed:

Trump’s allies are alleged to have stolen data from state voting systems in an effort to help him overturn an election he lost.

Now he’s pardoning them for it.

bsky.app/profile/anna...
News coverage of this has focused on the pardon of those involved in the fake electors plot.

But the pardon also extends to key figures who participated in the unauthorized breach of voting systems in Coffee County, Georgia

My reporting on the breach: www.lawfaremedia.org/article/what...
November 10, 2025 at 6:56 PM
Reposted by Michael Derby
News coverage of this has focused on the pardon of those involved in the fake electors plot.

But the pardon also extends to key figures who participated in the unauthorized breach of voting systems in Coffee County, Georgia

My reporting on the breach: www.lawfaremedia.org/article/what...
November 10, 2025 at 6:02 PM
Trump aligned street gang stands back up.
New:

On The Gateway Pundit's podcast yesterday, Stewart Rhodes announced he's relaunching the Oath Keepers

He also urged Trump to “call us up as a militia" & "order us all to come together in our counties under his command."
www.mediamatters.org/oath-keepers...
November 10, 2025 at 6:50 PM
Reposted by Michael Derby
"Maxwell has received custom meals personally delivered to her cell, after-hours time in a private exercise area, access to a service puppy, and private meetings with visitors arranged by the warden, complete with snacks. Visitors were allowed to bring computers..."

www.msnbc.com/msnbc/news/d...
Democrats reveal whistleblower details of Ghislaine Maxwell prison ‘luxuries’
In a letter to the president, House Democrats say Maxwell’s treatment as she prepares a clemency request makes the convicted sex offender look like a “guest at a Trump hotel.”
www.msnbc.com
November 10, 2025 at 6:26 PM
Reposted by Michael Derby
Trump has threatened to bomb or invade 7 countries with a shot to play in the 2026 World Cup. He *has* bombed one (Iran) and said he'd deny them visas. He's preparing for war with another (Venezuela). He has summarily executed citizens from at least 3. He has imposed tariffs on nearly all of them.
FIFA head says 'you will see' at World Cup draw if Trump receives new peace prize
FIFA has announced the creation of a peace prize, which it plans to award for the first time at the World Cup draw on Dec. 5 in Washington.
www.npr.org
November 10, 2025 at 12:56 PM
Reposted by Michael Derby
Ms Rachel says The New York Times asked her if she’s funded by Hamas
November 10, 2025 at 2:20 PM
Reposted by Michael Derby
Bank funding has evolved substantially since the onset of the COVID-19 pandemic, renewing attention on banks’ use of FHLB advances.

To learn about the questions this raises, read "Bank Funding and FHLB Advances," by Joshua A. Jacobs & Rajdeep Sengupta at the Kansas City Fed: https://bit.ly/49geG8m
November 10, 2025 at 5:15 PM
Epstein associate Maxwell, a sex offender, wants Trump to set her free after having been granted easier jail accommodations. Via Times of London
Ghislaine Maxwell to ask Trump to commute sex-trafficking sentence — The Times and The Sunday Times
Ghislaine Maxwell is planning to ask President Trump to reduce her 20-year federal prison sentence for the sex trafficking of minors, according to leaked documents. Maxwell “is preparing a ‘commutatio...
apple.news
November 10, 2025 at 5:13 PM
Morgan Stanley’s roadmap for the return of government economic data.
November 10, 2025 at 4:49 PM
Reposted by Michael Derby
Eight Senate Democrats saw charts like these and decided "oh yes, now that public opinion is on our side and our opponent is facing electoral consequences for their policy choices, now is a great time to give up all of our leverage in health care negotiations" www.gelliottmorris.com/p/donald-tru...
November 10, 2025 at 4:33 PM
Trump continues to mount fight to keep food aid from lower income Americans even as shutdown end looms. Via Bloomberg
Trump Officials Say Supreme Court Should Keep Food Aid on Hold
The Trump administration said the US Supreme Court should keep $4 billion in food aid on hold, vowing to keep waging a legal fight to reduce or delay assistance to millions of low-income families.
www.bloomberg.com
November 10, 2025 at 4:32 PM
Reposted by Michael Derby
SOLICITOR GENERAL SAUER, last week: “.. They are not revenue-raising tariffs.” 🤡
November 10, 2025 at 3:51 PM
Trump threatening the United Kingdom’s state broadcaster, the BBC, with a personal $1 billion payday.
Trump Threatens to Sue the BBC for $1 Billion After Jan. 6 Documentary
www.nytimes.com
November 10, 2025 at 3:54 PM
Reposted by Michael Derby
OSCAR ISAAC, on whether he'd return to "Star Wars":

".. Yeah. I mean, I’d be open to it, although right now I’m not so open to working with Disney. But if they can kinda figure it out and, you know, not succumb to fascism, that would be great."

@variety.com $DIS
variety.com/2025/film/ne...
Oscar Isaac Was ‘Not So Open to Working With Disney’ After Jimmy Kimmel Suspension, Said He’d Return to ‘Star Wars’ if Disney Does ‘Not Succumb to Fascism’
Oscar Isaac was not open to working with Disney after Jimmy Kimmel's suspension and will only return to 'Star Wars' if the studio avoids fascism.
variety.com
November 10, 2025 at 3:28 PM
Good rainy day music, if a little on the nose.
November 10, 2025 at 3:28 PM
Completely non-comprehensive review of iOS 26 now that I finally installed it. Seems faster on my 16, still not turning on AI, icons a little too skeuomorphic and Liquid Glass very hit or miss.
November 10, 2025 at 3:26 PM
Reposted by Michael Derby
90% of Fintwit
November 10, 2025 at 2:50 PM
Reposted by Michael Derby
Two-thirds of Democrats say their own party makes them feel frustrated. By far the most commonly cited reason is that the party is not pushing back hard enough against Trump. www.pewresearch.org/politics/202...
November 10, 2025 at 2:11 PM
Reposted by Michael Derby
My Trade Secrets today. If the Supreme Court rules against Trump's emergency tariffs he can replace them. The real impact is political. Tariffs are already unpopular & blamed for high prices; being ruled illegal won't help.

But Trump needs them to raise revenue, so he's put himself in a corner.🍿🍿🍿
The political risk to Donald Trump from the Supreme Court ruling
[FREE TO READ] The tariff case threatens his popularity far more than it does the US economy
on.ft.com
November 10, 2025 at 12:47 PM
Trump trade war costs US Italian pasta: “Exporters say import and antidumping duties totaling 107% on their pasta brands will make doing business in America too costly and are preparing to pull out of U.S. stores as soon as January.” Via WSJ
Italian Pasta Is Poised to Disappear From American Grocery Shelves — The Wall Street Journal
Trump administration is set to impose duties of 107% on Italian pasta imports, among most punitive of tariffs it has levied
apple.news
November 10, 2025 at 12:12 PM
Reposted by Michael Derby
But they weren't convicted of federal crimes:
Trump pardons Rudy Giuliani and others involved in bid to overturn 2020 election www.nbcnews.com/politics/ele...
Trump pardons Rudy Giuliani and others involved in bid to overturn 2020 election, pardon attorney says
The pardons may be largely symbolic as none of the people listed were convicted of federal crimes, which the presidential pardon covers.
www.nbcnews.com
November 10, 2025 at 11:56 AM
Trump pardons slew of allies who tried to help him overturn 2020 election. Via Reuters.
Trump pardons allies accused of seeking to overturn his 2020 election loss
U.S. President Donald has pardoned at dozens of allies accused of trying to overturn his 2020 election loss, including Rudy Giuliani, Mark Meadows, Jeffrey Clark and Sidney Powell, a top U.S. Justice Department official said on Monday.
www.reuters.com
November 10, 2025 at 12:04 PM