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Jerome Powell runs the Federal Reserve, and people like to talk about him. Some cheer, but others throw shade, especially when money and politics mix.
- Critics often point to inflation.
- Powell raised rates to cool prices, and folks who fill their gas tanks say he acted too late.
- Former President Trump blasted him from the Rose Garden, talking about interest-rate moves like they were stalled cars.
- Even with that noise, Powell insists he won’t quit before his term wraps in May 2026.
- Bank watchers are split down the middle.
- Rebecca Patterson, a veteran in finance, argues the Chairman has kept the beats steady and mostly dodged partisan fire.
- Then you hear another voice saying his fixes came slow, almost on snooze, and call it too little, too late.
- By the way, Powell traded Wall Street suits for a Harvard degree in the 1970s.
- He later slept on the executive floor of Carlyle Group, a private equity firm that deals in billions.
- All that schooling and M.B.A. polish makes some wonder if he understands a pizza-delivery wage.
- Jerome Powell has said he never picked economics as a major because the subject struck him as dull and pointless.
- He instead collected a law degree, a choice some critics now wave as evidence that he lacks true economic chops for the Fed’s top job.
- Polls tell a different story, at least for one party.
- Four in ten Republican respondents recently said they trust Powell’s judgment, a figure that noticeably outpaces Democrats and Independents.
- Those warm feelings may spring from the fact that Donald Trump chose Powell, and the Chairman once counted a Republican label as his own, though their public spats later muddied that loyalty.
- The Powell era at the central bank has moved from one headline storm to the next.
- Inflation-watchers praise him for steady hikes, yet others shoot back that his moves feel reactive, like slamming brakes after the car skidded.
- Education critics still mention the law diploma as proof he never sat through pure economics.
- Partisans never tire of noting the GOP roots that colored the initial stamp of approval.
Trump Cranks Up Feud With the Fed, Says Powell Is ‘Playing Politics’
- Donald Trump is loud again and aiming straight at the Federal Reserve.
- He calls Chair Jerome Powell an out-of-control politician who needs an exit ticket, fast.
NPR Rewind: April 17 Piece
- During one of his now-classic rallies, the former president said Powell’s termination can’t come soon enough.
- The quip landed like a hard fastball and grabbed headlines worldwide.
Economists Debate the Face-off, NYT Weighs In
- A round-robin of economists gives the clash a crossword-like treatment in the New York Times Dear Reader.
- Each columnist scribbles a fresh angle, and nobody repeats the other.
CNBC Chimes In with ‘Too Late’ Label
- CNBC posts its own hot take, arguing that Powell may dodge blame most days, yet the Too Late label sticks like old gum.
- Timing, it claims, is still the Chairman’s Achilles heel.
A Boring Major: Powells Own Words
- Flash forward to a debate at Princeton, where Powell recalls ditching economics.
- This is because it felt boring and useless.
- The crowd chuckles.
- Half because they get it and half because they can’t believe the Fed chief is dropping such a line.
Legacy Under the Microscope, Fed Review Looms
Finally, Reuters filed a crisp alert about a coming Fed review that could seal or shatter Powell’s legacy. Inside the central bank, even small details feel larger than life in that paperwork.
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The 2025 Car Market Crash:
Deep Trouble in the U.S. Car Market
U.S. auto sales, both brand-spanking-new and second-hand, have suddenly nose-dived. Rough numbers show dealerships are moving fewer keys every week than they have in years. Rising interest rates, stubborn inflation, and bad economic chatter are squeezing buyers until it hurts. Many smaller finance shops say they may not make it to next month.
Sticker Shock: Why New Cars Seem Out of Reach Interest Rates
Car loan rates have increased, as have summer temperatures in Phoenix. The average monthly payment now hovers around $760, a big chunk of almost any paycheck.
Price Tags:
New vehicle prices keep climbing, almost as if the stickers were updated overnight. For example, the average cost of an electric ride hit $57,734 in May 2025, and many families can’t swing numbers that high.
Negative Equity
Many folks still owe more on their car loans than their cars are worth. Right now, the average gap is about $7,200, and one out of five drivers is staring at a $10,000 difference and wondering how it happened. Increased Cost of Living
Groceries have gotten pricier, and rents keep climbing, leaving anyone trying to upgrade or finance a new ride with slimmer pickings. A new sticker price looks out of reach when the monthly budget shrinks.
Skyrocketing Repossession Rates
Repossession agents are back in force; the 2024 tally tops 1.73 million cars yanked off lots. Interest rates are higher, paychecks lag, and people miss payments much sooner than they’d like to admit. That flood of impounded vehicles tells a story about the everyday money squeeze.
Electric Cars and the Market
Electric cars are catching a lot of buzz, yet the overall picture is mixed. More drivers want a ride that sips electricity instead of gas, but the sticker shock still stops many shoppers. However, pre-owned battery sedans are becoming easier to find because cheaper models keep rolling off assembly lines 10. Teslas still reign in the used lots, but Chevrolets and Fords sneak up behind them.
Forecast for the Future
The road ahead for car buyers doesn’t look perfectly smooth. Analysts guess new-vehicle prices will drift down at least a little since dealers are offering rebates to clear out the back rows. Even if the tags shrink, most shoppers will feel pinched by heavy loan bills and an economy that refuses to steady out.
Car repossessions are climbing again, and the numbers feel shockingly familiar. Roughly 1.7 million automobiles were taken back in early 2025, a level not seen since the Great Recession’s darkest days. Media outlets, from PYMNTS to Bloomberg, have reported the same heartbreaking trend. Folks cannot keep up with their monthly notes.
One lingering question is how a stock market dip could rattle the used-car space. A handful of industry watchers, including analysts at Overstock Vehicles, have tossed that scenario around and are not brushing it off lightly.
Meanwhile, electric vehicles have their drama. The April edition of the Cox Automotive EV Market Monitor shows supply chain glitches easing. However, buyers are still navigating a patchy charger network. Prices have sagged a little, yet the overall mood in the battery-powered corner is cautiously upbeat.
Returning to gas sedans and pickup trucks, new-car sticker shock is expected to ease. CarEdge insiders say that increasing incentives from automakers could lower prices by late 2025. Two Yahoo Finance columnists agree, pointing out bloated dealer markups and rising inventory as the twin forces that will eventually knock prices down.
Cox Automotive has laid out a broader forecast, including the title. The Five for ’25 report suggests the market will not just hang on. It will grow, affordability will increase, and buyer satisfaction will finally come off the sidelines. The whole thing sounds hopeful, maybe even a little optimistic, but after the last few wild years, who isn’t rooting for that story?
https://www.youtube.com/watch?v=DP08w7s6LX4
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This reply was modified 8 months, 4 weeks ago by
Gustan Cho.
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This reply was modified 8 months, 4 weeks ago by
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Democrats are spiraling as new footage exposes Milwaukee Judge Hannah Dugan aiding an undocumented immigrant’s escape from ICE agents on April 18. The video shows Dugan ushering Eduardo Flores-Ruiz through a jury door to dodge arrest, sparking obstruction charges.
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Who has final authority, the President or the Governor? Professor Jessica Levinson joins Dan Abrams to breaks down the legal battle over National Guard deployment, the Insurrection Act, and state sovereignty. It’s a clash of laws, rights, and political power.
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Doc
MemberJune 4, 2025 at 3:15 am in reply to: GCA Forums News-Weekend Edition May 26 through June 3 2025Is New York Attorney General Letitia James guilty of racketeering? Letitia James, the Attorney General of New York is in a whole amount of trouble. Tons of trouble
According to forensic accountant and former white-collar criminal Sam Antar, the evidence is more than damning. This video breaks down how James allegedly committed mortgage fraud across multiple properties for decades, while using the power of her office to conceal and defend those actions.Should the DOJ finally bring RICO charges against Letitia James? Let me know in the comments.
https://youtu.be/CltF7T4p-GQ?si=q6gT6xgkMtAfqLie
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This reply was modified 9 months, 1 week ago by
Sapna Sharma.
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This reply was modified 9 months, 1 week ago by
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Americans are giving up on the American Dream of Becoming a Homeowner and living in a storage unit. Watch the attached short informative video clip.
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This video exposes 17 of the worst cars that people still buy despite their terrible reliability, high repair costs, and poor resale value. If you’re shopping for a used car, watch this before making a costly mistake. Some of these models are shockingly popular, but they’re nothing but trouble.
Care Care Clues Top DIY Tools and Products:
Essential Scan Tools
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Best Jump Starter:
AT-205 Re-Seal (Stops Leaks):
Lucas Oil Transmission.
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Tire Gauge (Check PressuCRC Mass Air Flow Mechanic’s Must-Haves
Car Battery Tester:
Basic Mechanic Tool Set:
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https://youtu.be/TarbSKK8lQs?si=-Q7S7XmVbjF9JvSQ
https://youtu.be/TarbSKK8lQs?si=-Q7S7XmVbjF9JvSQ
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This reply was modified 9 months, 2 weeks ago by
Gustan Cho.
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This reply was modified 9 months, 2 weeks ago by
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What Democrat judges are telling President Donald Trump, Department of Homeland Security, and the Secretary of State they cannot deport illegal migrants who has criminal records and a danger to American people. Where are these judges coming from? Where do they think they have power higher than the President of the United States. Can anyone please explain where all this power got in their heads? Will this power in Democrat judges going to be the new norm?
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Doc
MemberApril 27, 2025 at 12:02 am in reply to: GCA Forums Headline News for Monday for March 10, 2025.Here’s a complete summary answering your questions concerning the biography and judicial biography of former Doña Ana County Magistrate Judge Joel Cano and his wife, Nancy Cano, their arrests for allegedly concealing Cristhian Ortega-Lopez, believed to be associated with the Tren de Aragua gang, and some other inquiries around the case. I intend to disentangle conflicting accounts, explain the comparison with the judge from Wisconsin, fill in the gaps where I can without violating facts, and comply with known facts, avoiding baseless conjecture.
Overview of the Case
Arrest and Charges:
Date and Location:
- On April 24, 2025, former Doña Ana County Magistrate Judge Joel Cano (68) and his wife, Nancy Cano (67), were arrested by FBI and Homeland Security Investigations (HSI) agents at their home in Las Cruces, New Mexico.
Charges:
- The couple faces federal charges of evidence tampering.
- The Justice Department alleges they attempted to hide incriminating evidence, particularly by getting rid of a phone that is believed to have been owned by Cristhian Ortega-Lopez and had images and videos of him brandishing firearms.
- Joel Cano has admitted to decapitating the phone with a hammer and tossing it through a dumpster, which he believed would forever be exiled from Idaho in hopes that the trash would indeed shut the collection sights of Ortega-Lopez.
Allegations of Harboring:
- They accuse harboring suspicions over Cristhian Ortega-Lopez (23), a Venezuelan who unlawfully entered the US in December 2023 and is allegedly linked to the Tren de Aragua gang, which has been labeled as a terrorist organization by the US government.
- Ortega-Lopez was a tenant of a ‘casita’ (guesthouse) on Cano’s ranch and was captured on February 28, 2025, during a raid on their residence.
Ortega Lopez’s Charges:
- Ortega Lopez is facing federal charges of unlawful possession of a firearm as an illegal alien (under 18 U.S.C. § 922(g)(5)), which comes with a maximum sentence of 15 years in jail.
- Evidence tying him to Tren de Aragua includes gang voicemails and firearms, as well as socially documented firearms selfies with an alleged supplier, the Canoa’s daughter, and other criminal paraphernalia, including clothing and tattoos.
Investigation Background:
- The investigation was opened in January 2025 after an anonymous tip to HSI claimed that the Canos employed Venezuelan undocumented residents with the name Ortega-Lopez, who were granted free access to firearms.
- Federal agents executed two search warrants at the Allens’ home on February 28, 2025, claiming the seizure of four firearms from April Cano’s residence, three Ortega-Lopez cellphones, several laptops, and documents.
- Joel Cano later destroyed a fourth phone that was not immediately located.
- Investigators claim the evidence was hidden.
- Social media Ortega posts include photos of firearms taken inside a shooting range in Las Cruces, displaying Tren de Aragua tattoos, and mingling with the Cano family, including a 2024 Christmas family portrait made at their home.
- Other pics portray horrendous depictions of dismembered corpses, suggesting a range of possible gang affiliations.
- Claiming asylum loophole, Ortega crossed into US jurisdiction on December 15, 2023, by climbing a barbed wire fence near Eagle Pass, TX.
- Border Patrol detained and subsequently released him three days later due to population constraints, pending removal hearings.
Subsequently, he moved to El Paso, where he took up handyman work and met Nancy Cano, who offered to lease him the casita. He used Canos’ address to apply for immigration relief in April 2024.
Cano’s Resignation:
- After the February 28 raid, Joel Cano became one of the two Doña Ana County Magistrate Judges to step down simultaneously.
- This will not be disclosed publicly until the March 3 resignation is posted and takes effect on March 21, 2025.
- The New Mexico Judicial Standards Commission scrutinized him for his alleged “willful misfeasance.”
On April 22, 2025, the New Mexico Supreme Court permanently barred Joel Cano from all judicial roles in the state or context of Tren de Aragua:
- A Venezuelan criminal organization, “Tren de Aragua,” was involved in drug trafficking-related activities like human smuggling, extortion, and rampant violence.
- Considered a foreign terrorist organization by the US in 2025, 600 members were allegedly noted to President Trump’s immigration enforcement in the second term (starting January 20, 2025).
- Identification traceable to gang members has largely relied on attire, tattoos, and communications suppressed under the supported Alien Enemies Act Validation Guide, which scores affiliation using points like 4 points for tattoos.
- The Independent citizen lied.
The Life Story of Joel Cano and Nancy Cano
Joel Cano:
- Current Age: 68 (Upcoming April 2025)
Career Details:
- I worked as a law enforcement officer before specializing in the judiciary.
- Serving as the Doña Ana County Magistrate Judge from 2011, elected in 2010 as a Democrat, beating Francisco Ortiz and Maria E. Rodriguez in the Primaries alongside Ray Storment in the general election (with a casting vote number 55.1).
- Unopposed in succeeding elections in 2014, 2018, 2022.
- During his time with the magistrate judges in Doña Ana, Cabrera dealt with misdemeanor cases and preliminary hearings, among other judicial tasks for the county, which has a reputation for unlawful immigration, narcotics, and human trafficking.
Judicial Status at Time of Arrest:
- In his commentary to the press after Cano’s arrest, he emphasized the reality that he had resigned in March and not kept his current post.
- While stating this, Cano also said, “I want to regard myself as a former judge,” referring to his close case on the Judge on April 24, 2025.
- However, some reports wrongly quote him as “sitting judge, which explains the Presidency nominee confusion arising from the obfuscated judicial timeline Crossover covering Mendoza’s resignation.”
Response to Allegations:
- “No,” as some previous Yes placed judgments prior exclusively placed the default answer upon Ortega Lopez connections, producing far stronger grounds for the offense and rationalizing loose Ellisunger hit targets detaining “gang” during February 28 raid vaguely presented suspicions towards Jury of unbelieved structure trump hidden setups designed by ruthlessly contempt bam bahteecollision cruddy fund governing prud],” write purported details of lack connections Pedro Garcia has to sustaining appearing-Allow breath rid recoverable tape cover Schneider barred prints, Ricardo Castillo Boone.”
- Ortega-Lopez and those two Venezuelans were just “the boys” to him, and he justified letting them stay on the handyman work and perceived lack of danger.
- “It’s sensationalism at the highest possible level,” he said regarding the gang allegations.
Nancy Cano:
- Date of Birth: 11/11/1958
- Age: 67 (in April 2025).
Background:
- Little else is known publicly about Nancy Cano’s professional or personal life other than her marriage to Joel Cano and her involvement in this case.
- She does not appear to have held any public or judicial office.
Involvement:
- Nancy Cano accommodated Ortega-Lopez after evicting him from his apartment while He worked as a handyman in El Paso.
- Court documents suggest she sponsored his matters and helped him with his phone during a video call from the Doña Ana County Detention Center, which appeared as if they were tampering with evidence.
Community Perception:
- A neighbor and friend, Greg Gendall, noted the Venezuelans residing at their home.
- Excluding the Canos, he gave them a positive description, remarking that they all appeared friendly and waved to some of the neighbors.
Family:
- April Cano was reported to have assisted Ortega-Lopez in assuming control of firearms that were in the possession of her former partner, with him being able to “hold and sometimes shoot” the weapons.
- Four guns were seized from her home in the February raid.
- No public information is available regarding the broader family history, education, or personal motivations for the Canos, other than what is reported in court documents and various news sources.
Discrepancies in Headlines and Their Corrections
Was Joel Cano a Sitting or Retired Judge?
Correction:
- Joel Cano was a sitting judge when the raid occurred on February 28, 2025.
- However, he resigned on March 3, 2025, effective March 21, 2025.
- By the time he was arrested on April 24, 2025, he was a former judge.
- Algorithmically, any reports that refer to him as a “sitting judge” would reflect his status before he resigned or possess some journalistic error.
- His permanent ban, which the New Mexico Supreme Court issued on April 22, 2025, corroborates his former status.
Source of Confusion:
- Several sources failed to account for Cano’s public resignation, which came to light during Ortega-Lopez’s arrest, or the details surrounding the April 18 – 21 frame, as they focused on the arrest. Rather, they ignored the public’s knowledge of the event.
- Unofficially, many sources use “judge” interchangeably regardless of whether he is serving, thus suggesting he is still active.
Name Discrepancy (Joel vs Juan Cano):
- Reports and posts across X claim Joel Cano’s name as “Juan Cano.”
Response:
- His name is Jose “Joel” Cano, as official documents about the court state.
- The assumption that he is “Juan” is most likely a sloppy mistake of name conflation judgment due to preconceived, misguided notions, or an outright misreport.
Nature of the Relationship with Ortega-Lopez:
Alleged Sexual Relationship:
- Speculation exists regarding Canos and Ortega-Lopez having some form of sexual relationship, which I would consider a strong allegation.
- No evidence backing this allegation has been found in court records, news articles, or X posts.
- Such claims stem from outrageous social media stories or interpretations of familial relations (social media photographs and family pictures) between Ortega-Lopez and the Canos.
Received Relationship:
- Ortega-Lopez was employed by Nancy Cano for home remodeling work in El Paso.
- After his eviction, she provided him with the casita. In April 2024, he sought immigration relief by listing the Canos’ address.
- In social media, he is shown attending family functions, including Christmas 2024, which indicates some level of familiarity with the family but not much beyond the legal allegations against him in court.
- Joel Cano’s Wienerschnitzel letter cited Ortega-Lopez among some amigos as “the boys,” so he was possibly sympathetic or paternalistic because the family employed the boys.
Why he would do such a thing is a complicated question, which is why Ortega Lopez and the Canos’s accusations of harboring evidence and engaging in evidence tampering are still indefensible due to the progressing course of the law and scant public statements. Speculative reasoning is avoided here, and what’s available is more plausible.
Humanitarian Aid or Supportive Hope:
- Joel Cano suggests to the New Mexico Supreme Court that he and Nancy think positively of Ortega-Lopez and hope for the Venezuelans.
- Initially, Nancy offered the casita after Ortega-Lopez’s eviction.
- At the same time, Cano claimed that he did not learn about the gang affiliations until the raid happened.
- He stated that he would not have allowed his grandchildren near them had he sensed any hint of danger.
- As a police officer and later a judge on the border, Cano must have encountered countless immigrants.
- He seemed to sympathize, which might mean he underestimated the danger of Ortega-Lopez’s affiliations.
Panic Response as Evidence Tampering
- Joel Cano stated he destroyed Ortega-Lopez’s phone out of fear it held incriminating images and videos of him posing with firearms.
- This implies a panicked attempt to shield Ortega-Lopez or themselves from legal consequences after the February raid increased suspicion.
- Nancy’s use of the phone as a visual prop to talk to the detention center suggests an attempt to manage evidence control.
- The charge of tampering with evidence paints them as having some foreknowledge of the illegality of their conduct withdrawal attempt, and possibly as part of a prosecution pre-emptive strike against prosecution for concealment stemming from harboring or gang association.
Lack of Due Diligence:
- The Canos have not conducted any background checks on Ortega-Lopez.
- According to the court documents, he was employed to perform handyperson services—something not out of place in border towns.
- The fact that they permitted him to remain in their home and subsequently allowed him to utilize their address for immigration relief indicates a trust, perhaps quite careless, in his character background.
- Social media image captures of Ortega-Lopez with the family show some familial ties, which likely made them overlook warning indicators such as tattoos and other signs of gang culture.
Lack of Criminal Conspiracy Evidence:
- The sources do not suggest that the Canos benefited from supporting Ortega-Lopez or were informed participants in any of Tren de Aragua’s crimes.
- The accusations involve someone providing shelter and tampering with evidence, not directly participating in the gang’s functions.
- John Fabbricatore’s comment, “What else has the judge been doing?” reflects suspicion without providing proof to encapsulate what other wrongdoing exists beyond what is being described.
Political or Ideological Considerations:
- As a Democrat elected in a region dealing with immigration issues, Cano reportedly had sympathies but did not admit to any knowledge of the gangster associations.
- Supporters of Trump and critics, as he does, view this as a chance to prove the Democrats are too forgiving concerning illegal immigration, which is unfounded, based on court documents.
- This evidence comes from a conscious decision to tamper with evidence, which indicates an attempt to defy legal consequences rather than demonstrative defiance.
Why Is Tampering with Evidence Done?
- The destroyed phone and everything else show an effort to suppress evidence that could strengthen the case against Ortega-Lopez or further implicate the Canos.
- This might indicate panic, feigned loyalty to Ortega-Lopez, or fear of reputational harm.
- The motive remains to be explained in court.
Disproof of Sexual Relationship
- As documented earlier, there were no credible reports that a sexual relationship existed.
- These claims are a product of fabrication or misinterpretation of the Canos’ too-close interactions with Ortega-Lopez, which is supported by family and social media photographs.
- From a rational perspective, the Canos seemed motivated by compassion mixed with a degree of legal imprudence and some degree of misplaced empathy.