Seen in the News

[Stanley]

See THIS for the latest mad intervention from Trump....
1 hour ago
US President Donald Trump's proposal to cap credit card costs would be "an economic disaster", the boss of one of the world's biggest banks has warned. JPMorgan Chase chief executive Jamie Dimon said the plan would remove credit from the majority of Americans and hit restaurants, retailers, travel firms and schools. Trump this month wrote on Truth Social that interest rates on credit cards should be limited to 10% for one year from 20 January. The cap has yet to come into force and the president did not say how it might be introduced or whether such a move would be legally enforceable. Asked about the cap at the World Economic Forum (WEF) in Davos, Dimon said: "It would be an economic disaster, and I'm not making that up because our business… we would survive it by the way." He said capping interest rates on credit cards at Trump's suggested level of 10% would be "drastic" and cut access to credit for 80% of Americans, adding that it is "their back up credit". In a dig at senators Bernie Sanders and Elizabeth Warren, who have supported such a cap, he said if Trump did go ahead with the plan, it should be trialled in their respective states of Vermont and Massachusetts.
Is he serious? Or is this yet more disruption.......