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One easy way to ensure an unflattering nickname has staying power is to act defensive about it. Apparently, the same goes for unflattering acronyms. After multiple news outlets reported on Wednesday morning that Wall Street has embraced a new acronym for approaching the topic of tariffsTACO, or Trump Always Chickens Outa reporter asked the president about it during an afternoon press conference. Trump responded apoplectically, scolding the reporter for her nasty question, and admonishing her, Dont ever say what you said. So, naturally, within minutes, the internet was awash with AI-generated images and other memes linking Trump with tacos. Reporter: Wall Street analysts have a new term called the TACO trade.. Saying Trump always chickens out on tariffs Trump: I kick out?Reporter: Chicken out.— Acyn (@acyn.bsky.social) 2025-05-28T17:13:22.578Z It all started on May 2, when Financial Times columnist Robert Armstrong coined the phrase in the publications Unhedged newsletter. Regular readers will not be surprised by Unhedgeds view that the recent rally has a lot to do with markets realizing that the US administration does not have a very high tolerance for market and economic pressure, and will be quick to back off when tariffs cause pain, Armstrong wrote, as stocks began recovering just over a month after the U.S.s ostensible Liberation Day. This is the Taco theory: Trump Always Chickens Out. Even someone with only a cursory understanding of international trade would have probably noticed the pattern by this past weekend, when Trump backtracked on a recently announced 50% tariff threat against the EU. The Streisand effect, with a dash of hot sauce Giving this pattern a name so easy to remember, and so devastatingly diminishing, may have predetermined its ubiquity. Although the term had flourished on Wall Street in the weeks since Armstrong first coined it, TACO only broke containment when enough reporters had finally written about it that one pushed Trump to actually respond. Now that hes done so, and revealed in the process that the phrase has apparently hit a nerve, its social medias turn to respond. Taco Don memes are flourishing on X, mostly in the form of AI-generated images. Some of them depict Trump utterly ensconced in tacos or taco-related items. TACO =Trump Always Chickens Out. (No volume, no one needs to hear his voice lol).— Poor Nihilist Me (@poornihilistme.bsky.social) 2025-05-28T17:55:52.857Z Others still manage to depict Trump as both taco and chicken. TACO: Trump Always Chickens Out— Morgan J Freeman (@mjfree.bsky.social) 2025-05-28T21:17:08.862Z Anyone abandoning the AI route and instead searching manually for chicken-adjacent images involving Trump will strike gold in at least one spot.When Trump hosted Saturday Night Live in 2004, he performed in a sketch called Donald Trumps House of Wings, during which the cast dances around him in chicken costumessomething that has not escaped notice on X. Another image from Trumps past has come back to haunt him even more, though, since the TACO acronym emerged. In 2016, then-candidate Trump celebrated Cinco de Mayo by tweeting an image of himself grinning over a Trump Tower Grill taco bowl, fork in hand. That image is now making the rounds again on X and Bluesky in its new context. Even sitting U.S. Senator Tina Smith posted the image on her Bluesky account. — Tina Smith (@smith.senate.gov) 2025-05-28T18:09:03.262Z What happens from here might feel familiar. When the internet exploded with weird JD Vance memes earlier this year, fans of the vice resident attempted to reclaim the narrative by tweeting similar memes to support Vance. Indeed, at least one X user is already trying to repurpose the new TACO acronym to mean Trump Always Crushes Opposition. Whether that version of the phrase will actually gain any traction remains to be seen. In the meantime, meme-lovers, Trump critics, and those who enjoy looking at tacos are eating well.
Category:
E-Commerce
The International Labor Organization (ILO), an agency of the United Nations, has downgraded its global employment forecast for 2025, saying “the global economy is growing at a slower pace than we had anticipated.” In its latest edition of its World Employment and Social Outlook Trends report, the ILO forecast 7 million less jobs would be created in 2025 globally, for a total of 53 million jobs, down from 60 millionbased on economic growth projections from the International Monetary Funds (IMF) April 2025 World Economic Outlook. The numbers translate into slower overall employment growth across the globe in 2025, down to 1.5% from 1.7%; and lower expected GDP growth of 2.8%, down from previous forecasts of 3.2%. “Our report now tells us that if geopolitical tensions and trade disruptions continue, and if we do not address fundamental questions that are reshaping the world of work, then they will most certainly have negative ripple effects on labor markets worldwide,” ILO Director-General Gilbert F. Houngbo said in a statement. The report found the United States was a driving factor in worldwide employment growth, with 84 million jobs across 71 countries “directly or indirectly tied to U.S. consumer demand, now increasingly at risk of disruption due to elevated trade tensions.” Of those 84 million jobs, 56 million are located in the Asia-Pacific region. However, Canada and Mexico have the highest share of jobs (17.1%) that are exposed to trade disruption. The report does make some recommendations: Houngbo said countries and employers can make a difference “by strengthening social protection, investing in skills development, promoting social dialogue, and building inclusive labor markets to ensure that technological change benefits all.”
Category:
E-Commerce
Data analytics firm LexisNexis Risk Solutions said it suffered a data breach that could have affected the names, Social Security numbers, driver’s license numbers, and contact information of more than 364,000 people. The company said in a filing with Maine’s attorney general that an “unauthorized third party” stole data from a third-party platform used for software development. A spokesperson told TechCrunch, which earlier reported about the breach, that an unknown hacker accessed its GitHub account. The breach dates back to last Christmas, though the company said it only discovered it on April 1. “Upon learning of the issue, we promptly launched an investigation with the assistance of leading external cybersecurity experts, notified law enforcement, and took steps to review and further enhance our security controls,” LexisNexis said in a notice that’s being sent out to consumers. “We also initiated an extensive review of the impacted data to identify personal information that may have been affected.” Reached for comment by Fast Company, a spokesperson for LexisNexis Risk Solutions confirmed the third-party breach and emphasized that it did not contain financial or credit card information. “There was no compromise of our own systems, infrastructure, or products,” the spokesperson said. “We are notifying approximately 360,000 individuals and appropriate regulators. We have also reported this incident to law enforcement.” Their market, your data LexisNexis is part of a massive industry in which data brokers collect and sell access to personal and financial data for risk and fraud assessment. That information can have wide repercussions for consumers. For example, The New York Times reported last year that LexisNexis had received driving data from automakers, which the firm would then sell to insurance companies, potentially leading to higher premiums. LexisNexis also operates a large database of legal documents and public records. The Consumer Financial Protection Bureau (CFPB) said in December that it planned to introduce rules that would limit the ability of data brokers to sell sensitive information on Americans. But the new Trump administration halted those operations, and the CFPB officially scrapped the plans earlier this month. “The Bureau is withdrawing this NPRM [notice of proposed rulemaking] in light of updates to Bureau policies,” its listing in the Federal Register said.
Category:
E-Commerce
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