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18 Apr 2025 - 08:20 pm

WASHINGTON — “Liberation Day” just gave way to Capitulation Day.
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President Donald Trump pulled back Wednesday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.

Trump's early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony.

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The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who've been sinking their savings into 401(k)s to rethink their retirement plans.

Ahead of Trump's announcement, some of his advisers had been in a near panic about the bond markets, according to a senior administration official. Interest rates on 10-year Treasury bonds had been rising, contrary to what normally happens when stock prices fall and investors seek safety in treasuries. The unusual dynamic meant that at the same time the tariffs could push up prices, people would be paying more to buy homes or pay off credit card debt because of higher interest rates. Businesses looking to expand would pay more for new loans.
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Two of Trump's most senior advisers, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, presented a united front Wednesday, urging him to suspend the tariffs in light of the bond market, the administration official said.

In a social media post, Trump announced a 90-day pause that he said he’ll use to negotiate deals with dozens of countries that have expressed openness to revising trade terms that he contends exploit American businesses and workers. One exception is China. Trump upped the tariff on the country’s biggest geopolitical rival to 125%, part of a tit-for-tat escalation in an evolving trade war.

Trump reversed course one week after he appeared in the Rose Garden and unveiled his plan to bring jobs back to the United States. Displaying a chart showing the new, elevated tariffs that countries would face, Trump proclaimed, “My fellow Americans, this is Liberation Day.”
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Darnellrof

18 Apr 2025 - 03:17 pm

Space, time: The continual question
If time moves differently on the peaks of mountains than the shores of the ocean, you can imagine that things get even more bizarre the farther away from Earth you travel.
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To add more complication: Time also passes slower the faster a person or spacecraft is moving, according to Einstein’s theory of special relativity.

Astronauts on the International Space Station, for example, are lucky, said Dr. Bijunath Patla, a theoretical physicist with the US National Institute of Standards and Technology, in a phone interview. Though the space station orbits about 200 miles (322 kilometers) above Earth’s surface, it also travels at high speeds — looping the planet 16 times per day — so the effects of relativity somewhat cancel each other out, Patla said. For that reason, astronauts on the orbiting laboratory can easily use Earth time to stay on schedule.
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For other missions — it’s not so simple.

Fortunately, scientists already have decades of experience contending with the complexities.

Spacecraft, for example, are equipped with their own clocks called oscillators, Gramling said.

“They maintain their own time,” Gramling said. “And most of our operations for spacecraft — even spacecraft that are all the way out at Pluto, or the Kuiper Belt, like New Horizons — (rely on) ground stations that are back on Earth. So everything they’re doing has to correlate with UTC.”
But those spacecraft also rely on their own kept time, Gramling said. Vehicles exploring deep into the solar system, for example, have to know — based on their own time scale — when they are approaching a planet in case the spacecraft needs to use that planetary body for navigational purposes, she added.

For 50 years, scientists have also been able to observe atomic clocks that are tucked aboard GPS satellites, which orbit Earth about 12,550 miles (20,200 kilometers) away — or about one-nineteenth the distance between our planet and the moon.

Studying those clocks has given scientists a great starting point to begin extrapolating further as they set out to establish a new time scale for the moon, Patla said.

“We can easily compare (GPS) clocks to clocks on the ground,” Patla said, adding that scientists have found a way to gently slow GPS clocks down, making them tick more in-line with Earth-bound clocks. “Obviously, it’s not as easy as it sounds, but it’s easier than making a mess.”

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