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October 06, 2026

US trade deficit jumps to $ 105.6bn on OIL and AI

Imports rose 4.3%.
Exports rose 1.4%.

2 things are driving it.

1️⃣The first is oil🛢️
The 🇺🇸US exports more petroleum than it imports, but its refiners still buy foreign crude, mostly heavy barrels from 🇨🇦Canada.
With Brent near $100, each of those barrels costs more. Early data showed imports of industrial supplies up 16.6% in August, led by petroleum.

2️⃣The second is AI🤖
Most data centre hardware is built abroad.
Imports of capital goods rose 4% in August, after imports of computers and accessories jumped $ 13.5bn in July alone.

You can see it in where the deficit sits.
In July the gap with 🇹🇼Taiwan was $ 18.1bn, bigger than the gap with 🇨🇳China at $ 15.2bn. 🇲🇽Mexico ($ 27.5bn) and 🇻🇳Vietnam ($ 23.3bn) were bigger still.

Tariffs were meant to narrow the gap.
Through July the deficit was 29.6% below the same period of 2025, although early 2025 was inflated by companies stockpiling ahead of tariffs.
But companies racing to build AI capacity have no domestic supply of servers at scale and refiners need crude whatever it costs.

The open question is oil... If Brent stays near $100, the import bill stays high into Q4.
https://x.com/jackprandelli/status/2107474035395145923?s=20

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October 16, 2026
TG 2196: Scott Ritter: Trump, Zelensky And A Reorganized World

George Szamuely and Peter Lavelle sat down for a conversation with Scott Ritter about President Trump, Ukraine, Russia, Iran and the contours of an emerging new global arrangement.

01:05:51
October 14, 2026
TG 2195: Serbia's Election: National Independence Is On The Ballot

George Szamuely and Serbian political analyst, Vladimir Kršljanin, discuss the Oct. 25 parliamentary election in Serbia, and wonder whether any real political change will follow in Belgrade.

01:07:51
October 12, 2026
Monday Night At The Movies: "Colossus: The Forbin Project" (1970)

Join Gagglers for "Colossus: The Forbin Project"!
The screening starts at 3 p.m. ET sharp.
Share all of your thoughts, comments and criticisms on the Live Chat.

See you at 3 p.m. ET

01:36:06
October 14, 2026
Monday Night At The Movies

Please choose which one of the following 8 movies you would like to have screened next Monday, Oct. 19.

In light of recent events at Cornell University, the poll is films that address the theme of wrongful sexual accusations and allegations.

Please continue to vote in this poll after Oct. 19, so that we can determine the runner-up. The runner-up will be screened on Oct. 26.

October 16, 2026
10 hours ago

Berlin’s Left Party, Greens and SPD have agreed to pursue a Bundesrat initiative seeking to ban the far-right AfD as part of their proposed coalition agreement in Berlin.

The AfD is currently the largest party in recent German federal polls.

The three parties completed exploratory talks on Saturday and plan to begin formal coalition negotiations in early November if their party bodies approve.

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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