Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Voices from coal country say closures of MSHA offices will endanger mine safety

JOHN RABY and LEAH WILLINGHAM
April 05, 2025

CHARLESTON, W.Va. (AP) -- Retired coal miner Stanley "Goose" Stewart questions whether it's safe for anyone to work in the industry right now.

The Department of Government Efficiency, created by President Donald Trump and run by Elon Musk, has been targeting federal agencies for spending cuts. That includes terminating leases for three dozen offices in the Mine Safety and Health Administration, the agency responsible for enforcing mine safety laws.

The proposals for MSHA are "idiotic," Stewart said, and would give coal companies "the green light to do as they please."

Safety laws and their enforcement played a significant role before and after the Upper Big Branch mine in southern West Virginia blew up 15 years ago Saturday, killing 29 of Stewart's co-workers.

Stewart was there that day but soon stepped away for good, focusing on his love for hunting, fishing and tending to his chickens and his garden when the weather warms.

Coal mining in West Virginia, meanwhile, spent the ensuing years in a political fight that Republicans largely won. As a 2016 presidential candidate, Hillary Clinton was slammed for saying that her plans to shift away from carbon-based fuels like coal would put miners out of business. Trump vowed to save the industry, and while mining jobs have not made a comeback, coal states like West Virginia have become reliable Republican strongholds.

Advocates for the mining industry argue that state government is up to the task of keeping mines safe, although some lawmakers in West Virginia's Republican majority have used the existence of federal inspectors as justification for curtailing the state inspectors' enforcement power. They also point to the dwindling number of mining fatalities -- and mines in general.

Republican Tom Clark, a West Virginia state lawmaker and a former MSHA inspector and supervisor who worked in one West Virginia office slated for closure, said he expected it to shutter years ago. Eight MSHA employees currently work in the Summersville office, Clark said, less than a third of the workforce that existed there about 10 years ago.

Clark said he doesn't have any concerns for miners, as long as those inspectors are transferred to other coalfield-based offices. Clark, who worked on MSHA's Upper Big Branch investigation, said he supports the Trump administration's efforts to streamline government and stimulate the economy.

"It's going to take time and there's going to be some pain for all the American people, I think," he said. "But if we can hang in there and battle through, we all may be better off. I hope so."

Clark said the federal government should not cut down on inspectors and said black lung benefits need to be funded. He said the government should use money they're saving to make sure those programs have what they need.

"Funding shouldn't be a consideration for keeping people healthy," he said. "It really shouldn't."

But Stewart, the former miner, said the MSHA office closures will impact safety.

"I wouldn't recommend anybody get in the mining industry right now because of what's going on with Trump and Musk," he said.

Stewart said he's never supported Trump and never would, but he struggles to explain the loyalty of many West Virginians, including coal miners, to the president. He said Trump had never done anything to help them.

"I can't wrap my brain around why they can't see what a con man he is. I just hope someday they'll wake up. It may already be too late."

What does MSHA do?

Congress created MSHA within the Department of Labor in 1978, in part because state inspectors were seen as too close to the industry to force coal companies to take the sometimes costly steps necessary to protect miners. MSHA is required to inspect each underground mine quarterly and each surface mine twice a year.

MSHA inspectors are supposed to check every working section of a mine. They examine electrical and ventilation systems that protect miners from deadly black lung disease, inspect impoundment dams and new roof bolts, and make sure mining equipment is safe, said Jack Spadaro, a longtime mine safety investigator and environmental specialist who worked for MSHA.

Mining fatalities over the past four decades have dropped significantly, in large part because of the dramatic decline in coal production. But the proposed DOGE cuts would require MSHA inspectors to travel farther to get to a mine, and Spadaro said that could lead to less thorough inspections.

"It's a stupid proposal made by stupid people who obviously have no concept or no knowledge about mine safety," Spadaro said.

Robert Cash, a 55-year-old mine roof bolt operator from Foster, West Virginia, said miners feel "in the dark" about how closing offices will impact safety.

"It's just a big scare around here," he said. "If we have a disaster and they closed down an MSHA office close to us, now what's the response time to get someone out there to start the investigation?"

'Hurricane force'

Stewart was inside Upper Big Branch when it exploded on April 5, 2010, with a blast he described as "hurricane force winds." Before reaching the surface, he tried to revive some of his fallen co-workers, then covered their bodies with blankets.

Investigations determined that worn and broken cutting equipment created a spark that ignited coal dust and methane gas.

After the disaster, MSHA sent inspection teams to conduct impact inspections at mines with a history of repeated problems, many of them underground operations in West Virginia and Kentucky, which have nearly half of the nation's coal mines. Under the second Trump administration, the impact inspections have stopped.

Joe Main, MSHA's chief during the Obama administration, said on Musk's social media site X that weakened MSHA enforcement staffing contributed to the Upper Big Branch disaster and that the proposed DOGE cuts "can risk miners' lives in an agency already short staffed."

Some 34 MSHA offices in 19 states have been targeted for closure. Hundreds of federal occupational health employees doing mining-related work and research were laid off this past week as part of cuts to the U.S. Department of Health and Human Services.

"If you take away all those protections, you're kind of making the workers disposable," said Dr. Carl Werntz, a West Virginia physician who conducts black lung examinations. "That's terribly concerning."

Kentucky Democratic Gov. Andy Beshear said no federal agency has reached out to confirm that seven MSHA offices are closing there.

"My concern is that what Elon Musk is trying to do is break government, not fix it," Beshear said.

'Recipe for disaster'

Conflicts within the coal industry go back over a century. The West Virginia Mine Wars involved a long-running dispute between coal companies and miners fed up with deadly work and poor wages and living conditions. When union organizers showed up, the companies retaliated.

Membership in the United Mine Workers union peaked in 1946, then plummeted as government support waned and the industry waged an all-out war on union mines. Today, a majority of U.S. coal mines are nonunion and the UMW is a shell of the powerful safety advocate it once was.

UMW President Cecil Roberts said workers' safety will be left "solely in the hands of employers" in the absence of protections from the union and the federal government.

"History has shown us time and time again that doing so is a recipe for disaster, especially in the mining industry," he said.

___

Associated Press writer Bruce Schreiner in Frankfort, Kentucky, contributed to this report.

Continue Reading...

Popular

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Trump-Pardoned Ponzi Schemer Faces 37-Year Sentence For $44 Million COVID Scam

A previously convicted Ponzi schemer who had received a pardon from President Trump is heading back to prison due to involvement in a new fraudulent scheme.

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Amazon's $150 Billion AI Capex Surge Could Force Its First Big Bond Deal In Years

Amazon may need to tap Wall Street for funds as it faces rising AI and data center spending, despite sitting on $84 billion in cash.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Rivian Automotive CEO Gets An Elon Musk-Style Pay Raise

Rivian CEO's new pay plan could be worth up to $4.6 billion over the next ten years.

Bill.Com Scales Payments Footprint With 33 Million Transactions

Bill Holdings, Inc. (BILL) reports Q1 fiscal 2026 results, beating analyst estimates with adjusted EPS of 61c and revenue of $395.74M.

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Juan Villaverde's crypto timing model has called every major market turn since 2012. It's now signaling the next big move, and he believes these coins could have big upside. With the market at a critical moment, you can access his latest signals this weekend for just $19.

China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President during recent talks with Chinese leader as they aimed to .

Lucid Group (LCID) Stock Down As Q3 Revenue Misses, Key Engineer Departs

Lucid Group shares continued their slide Friday afternoon, following the company's third-quarter 2025 results released Wednesday, which missed analyst expectations.

Trump Issues Surprise Emergency Order - Ad

A new Trump emergency order just took effect. It could reset the U.S. economy, impact 65M Americans, and trigger a major wealth shift tied to a $257T force Buffett called the greatest transfer of wealth. Billionaires are already positioned. If you want in, time is short.

Donald Trump's Popularity Falls As Shutdown Drags On

President Donald Trump's approval rating has continued to drop, with the latest poll showing a significant decline, raising concerns for the Republican Party as the 2026 midterm elections approach.

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Nvidia once handed investors the chance to make 150X on its breakthrough AI chips. Now, legendary investor Louis Navellier says a new invention-perfectly timed for Black Friday-could be even bigger.

Former colleagues pay tributes to pilots killed in UPS cargo plane crash in Kentucky

LOUISVILLE, Ky. (AP) — Former colleagues are mourning three pilots killed in a in Louisville, Kentucky, as relatives of a man who was pulled from the wreckage confirm he’s among those who died.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Trump Wants Washington Commanders' $3.7 Billion Stadium Named After Him: Report

President Donald Trump is seeking to have the Washington Commanders' new $3.7 billion stadium named after him.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after January 29, it may be too late.

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

Billionaire Cari Tuna on why the organization she started will offer free advice to other donors

For San Francisco-based Cari Tuna, the most important decision a philanthropist can make is deciding . Starting Tuesday, the organization she helped found will offer making those choices.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Investigators look into 'repeating bell' heard during takeoff of UPS cargo plane that crashed

LOUISVILLE, Ky. (AP) — A repeating bell sounded in the cockpit for 25 seconds as pilots tried to control a UPS cargo plane that caught fire, had an engine fall off and this week in Louisville, Kentucky, a National Transportation Safety Board member said Friday.

What's Going On With Home Depot Shares Monday?

Home Depot, Inc. (NYSE:HD) shares are bouncing around Monday ahead of earnings later this week. Here's what you need to know.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Asian shares sink, tracking a tech-led sell-off on Wall Street

BANGKOK (AP) — Asian shares tumbled on Tuesday, with benchmarks in Tokyo and Seoul sinking more than 3%, after and other -related shares pulled U.S. stocks lower.

Trump's 50-Year Mortgage Plan, Sanders Critiques Musk, Trump Backs Crypto And More: This Week In Politics

Weekend headlines: Trump's 50-year mortgage plan, Sanders criticizes Musk, Trump backs crypto, Scaramucci on NYC mayor, Mamdani challenges Trump.

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Barrick's Breakup Rumors, North America Versus The World

Barrick Mining (NYSE: B) may split into two companies, one focused on North America and another on Africa and Asia.

Jury Deadlocks After Three Days in MIT Brothers' $25 Million Cryptocurrency Heist Trial

A Manhattan federal judge declared a mistrial in the high-profile cryptocurrency fraud case involving James and Anton Peraire-Bueno, who are MIT graduates. The brothers were accused of a $25 million fraud related to cryptocurrency.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Preliminary findings show a fatigue crack caused a Keystone Pipeline oil spill in North Dakota

BISMARCK, N.D. (AP) — A fatigue crack in the led to an that released thousands of barrels of oil onto farmland, according to the pipeline operator.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service