Archive for the 'Economy' Category
U.S. and China Agree to Slash Tariffs for 90 Days
May 12th, 2025Via: Yahoo!Finance: Two days of high-stakes talks between the US and China have led to a 90-day pause on tariffs, with duties set to drop by 115% on both sides by Wednesday. The move will drop American tariffs on Chinese goods, which currently run as high as 145%, to 30% and slash China’s retaliatory duties […]
Fear Of Economic Collapse Forced China To Negotiate With Trump
May 9th, 2025Via: ZeroHedge: According to the Reuters report, “since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing had responded in kind. On state and social media, it posted images of Mao Zedong, lambasted “imperialists,” and sent a message: capitulation to bullies is dangerous, and it wouldn’t back down.” But behind closed doors, […]
Andreas Kling On The Ladybird Browser
May 8th, 2025Via: FUTO:
The High-School Juniors With $70,000-a-Year Job Offers
May 7th, 2025Besides the valuable trade related courses, schools should include entrepreneurial courses as well, at least as an option. I’ve been looking at other options besides pushing pixels and after watching only one Youtube video about starting a business, it began recommending countless other videos along those lines. One of the most interesting videos I’ve watched […]
“Why would we spend a record breaking $1 trillion on the military budget?”
May 6th, 2025Because war is a racket. It always has been. We are over $36 trillion in debt. We have a $2 trillion deficit. We are not at war with anyone. Why would we spend a record breaking $1 trillion on the military budget? — Thomas Massie (@RepThomasMassie) May 7, 2025
Will Supercapacitors Come to AI’s Rescue?
May 6th, 2025Musk had to use expensive Tesla Megapacks to handle the massive power fluctuations at xAI: AI datacenters, especially during training, bring extreme power fluctuations due to the nature of neural networks (gradient descent). xAI has the largest AI data centers. xAI is using Tesla Megapacks to handle millisecond power fluctuations. Supermicro provided the racks and […]
Beijing Stops Publishing “Hundreds Of Statistics” To Cover Up Economic Collapse
May 6th, 2025Via: ZeroHedge: Regular China-watchers know very well that when it comes to local “data” reporting, China’s fabrication and goalseeking skills are second to none, and even the US Bureau of Labor Statistics is a rank amateur compared to Beijing’s National Bureau of Statistics, which tramples over actual econometric reporting with the glee of a bull […]
China Hit By Worker Protests Over Unpaid Wages, Factory Shutdowns Amid Trump Tariffs
May 5th, 2025Via: ZeroHedge: President Donald Trump’s hard-hitting tariffs on China appear to be taking a toll, disrupting Chinese factories and sparking worker protests over unpaid wages. As we noted late last month based on reporting by the Financial Times, factories across all of China have begun shutting down and furloughing workers “as the trade war unleashed […]
White House Eyes Deep Cuts In Non-Defense Spending, Boosts Military Budget
May 5th, 2025Mmm hmm. Why don’t they do the Pentagon? Via: ZeroHedge: The Trump administration has unveiled an early discretionary spending request ahead of its formal FY2026 budget submission. The proposal aims to cut discretionary funding by $140 billion – roughly 0.5% of GDP, and significantly shift the balance between defense and non-defense spending.
Aurora Begins Commercial Self-Driving Truck Service in Texas (Without Safety Drivers)
May 2nd, 2025Via: TechCrunch: Autonomous vehicle technology startup Aurora Innovation says it has successfully launched a self-driving truck service in Texas, making it the first company to deploy driverless, heavy-duty trucks for commercial use on public roads in the U.S. The launch comes just as Aurora hits its deadline; in October, the company delayed its planned 2024 […]
