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

What's Going On With Surf Air Mobility Stock Monday?

Surf Air Mobility raises $26M equity and partners with Palantir to advance SurfOS software, expand engineering.

Autodesk's Strong Quarter Validates Analyst Optimism As Infrastructure, AI Drive Gains

Autodesk reported strong Q3 results with double-digit growth in revenue and billings, expanded profitability, and raised full-year outlook due to high demand for AEC and cloud-based design tools.

AI Tech in Baltimore Lab Learns to Forecast Stock Prices (See its Live Calls on NVDA, AMZN, TSLA - For Free) - Ad

The same AI tech being used to save 50 lives per year in California hospitals has now learned to forecast U.S. stock prices with remarkable results.

Why Opendoor (OPEN) Shares Are Waking Up This Week

Opendoor shares are trading flat Wednesday afternoon, as the stock takes a breather following a sharp double-digit rally earlier in the week.

Enhanced Games to offer performance enhancers ... and stock ... to the public

The no-drug-testing Enhanced Games is going public in two ways — with a new listing on the Nasdaq stock exchange and also by offering a direct-to-consumer business focused on performance products in a move it says “aims to democratize access to performance enhancement tools and protocols.”

Nvidia About to Crash? Predictive AI Tech Issues Forecast That Could Shock Entire Market - Ad

The same AI tech used to prevent heart failure and grid blackouts can now "see ahead" in the U.S. stock market in a way that sounds like science fiction.

XRP Surges 7% As ETFs Get Ready To Launch: How High Can It Go?

XRP (CRYPTO: XRP) is up 7% on Monday as traders positioned for potential ETF-driven momentum after five spot XRP exchange-traded funds are getting ready to launch.

Officials scour charred site of Kentucky UPS plane crash for victims and answers

LOUISVILLE, Ky. (AP) — The grim task of finding victims from the firestorm that followed the in Louisville, Kentucky, entered a third day Thursday as investigators gather information to determine why the aircraft caught fire and lost an engine on takeoff.

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.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

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.

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment - Ad

Washington's push for domestic copper, silver, gold, and tungsten is reshaping the resource landscape. Their neighbor's multi-metal hits, supported by $6M in federal funding and a 300%+ YTD surge, confirmed this Nevada corridor is the right kind of ground. Now another early-stage explorer has stepped into the same trend as interest accelerates.

AstraZeneca's Investigational Hypertension Drug Shows Significant Blood Pressure Control In Pivotal Trial

AstraZeneca's Baxdrostat cut blood pressure by 14 mmHg in the Phase 3 Bax24 trial, showing strong efficacy and safety in resistant hypertension patients.

Nvidia's 3 New "Unauthorized" Silent Partners - Ad

Without Nvidia, AI stops. But AI's undisputed leader can't do it all by themselves. Nvidia depends on companies who help make their revolutionary tech possible. These technologies need Nvidia and Nvidia needs these Silent Partners.

Schwab: Half Of US Investors May Ditch Other Assets For ETFs — 4 Funds To Watch

Nearly half of ETF investors could go all-ETF within five years, Schwab says. Here's how they're building portfolios with funds like ITOT, BND, and XLK.

Donald Trump Fueled Bitcoin's Rise Beyond $100,000 — Can BTC Survive His 2028 Exit?

Bitcoin (CRYPTO: BTC) may face its biggest political stress test yet in 2028 when President Donald Trump leaves office and the pro-crypto admin

Revealed: The "Unauthorized" List of Nvidia's Silent Partners - Ad

Nvidia recently became the world's first $5 trillion company. But Nvidia has not ascended alone... several companies working with them over the years have also done well. But many of these companies are not found on any authorized list by Nvidia. That's why I'm calling them Nvidia's "Unauthorized" Silent Partners.

Tesla Sets A New Sales Record, But Not In America

Tesla set several records in the third quarter. The company now has a big annual record set, but its not for the American market.

What's Going On With The Surge In Chipotle Stock Today?

Chipotle Mexican Grill Inc (NYSE:CMG) shares are trading higher on Tuesday. Here's a look at what's going on.

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.

Furor over editing of Trump speech sparks 'existential crisis' at the BBC

LONDON (AP) — The of two top bosses over the editing of a speech by U.S. President Donald Trump dealt a huge blow to the broadcaster, which is revered by some in Britain as a national treasure but derided by others as outdated and left-leaning.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

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.

Shareholders of Union Pacific, Norfolk Southern support $85 billion rail merger

OMAHA, Neb. (AP) — Shareholders of Union Pacific and Norfolk Southern backed the railroads’ to create the nation’s first coast-to-coast rail network.

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Elon Musk may be set to create more "Musk Millionaires" as soon as January 26... Because on that day, he's expected to officially launch his Optimus robot... An AI-powered robot that Elon himself says will be capable of "doing anything bar nothing". Now, it's important to point out that Elon hasn't released it to the public yet... But ahead of the launch, one Silicon Valley insider has identified a "backdoor way" for any American to invest in Optimus with a regular brokerage account...

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

Starbucks' Bearista Cup Resale Market Explodes, Labubu-Level Frenzy Ensues

Starbucks has seen a surge in demand for its collectible holiday merchandise, with the Glass Bearista Cold Cup becoming the latest sensation.

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.

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

AI Tech in Baltimore Lab Learns to Forecast Stock Prices (See its Live Calls on NVDA, AMZN, TSLA - For Free) - Ad

The same AI tech being used to save 50 lives per year in California hospitals has now learned to forecast U.S. stock prices with remarkable results.

Anthony Scaramucci Calls Zohran Mamdani's Win An 'Anger-Based Reaction' To Boomer Policies, Says New NYC Mayor Could Become 'Popular' If...

Anthony Scaramucci, the founder of SkyBridge Capital, described Zohran Mamdani’s victory in New York City's mayoral race as an “anger-based reaction” by the young people against the policies of the boomer generation's political elites.

Pfizer clinches deal for obesity drug developer Metsea after a bidding war with Novo Nordisk

NEW YORK (AP) — U.S. pharmaceutical giant Pfizer signed a deal to purchase development-stage obesity drugmaker Metsera Inc., winning a bidding war against Novo Nordisk, the Danish drugmaker behind weight-loss treatments Ozempic and Wegovy.

Nvidia About to Crash? Predictive AI Tech Issues Forecast That Could Shock Entire Market - Ad

The same AI tech used to prevent heart failure and grid blackouts can now "see ahead" in the U.S. stock market in a way that sounds like science fiction.

Denmark eyes new law to protect citizens from AI deepfakes

COPENHAGEN, Denmark (AP) — In 2021, Danish video game live-streamer Marie Watson received an image of herself from an unknown Instagram account.

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.

'No hire' job market leaves unemployed in limbo as threats to economy multiply

WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.

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