Archive for the 'Economy' Category
House Passes Trump’s Budget, Will Create Trillions of Dollars of Additional Debt
July 3rd, 2025Although there were some conservative wins in the budget reconciliation bill (OBBBA), I voted No on final passage because it will significantly increase U.S. budget deficits in the near term, negatively impacting all Americans through sustained inflation and high interest rates. pic.twitter.com/rjcRc8t0ay — Thomas Massie (@RepThomasMassie) July 3, 2025 Via: USA Today: The fight is […]
Google Offers to Buy Half the Output from Upcoming Fusion Power Plant
July 1st, 2025Via: CNBC: Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giant?s first commercial commitment to fusion. The company unveiled plans to buy 200 megawatts of clean fusion power from what CFS describes as the world’s first […]
Big Beautiful Bill, “Effectively Dooms the U.S. to Debt Collapse”
June 30th, 2025Via: ZeroHedge: The Senate version of President Trump’s Big, Beautiful Bill (BBB) will add nearly $3.3 trillion to US deficits over a decade, according to the latest estimate from the Congressional Budget Office, half a trillion more than the $2.8 trillion in deficit expansion under the House version of the same bill. That’s from a […]
Dyson: “We’ve Got Wonderful Land, and We Should be Able to Grow Everything We Eat” – In Greenhouses?
June 29th, 2025Don’t forget the protein: Via: Dyson:
Computer Engineering Grads Face Double The Unemployment Rate Of Art History Majors
June 23rd, 2025Via: ZeroHedge: Computer engineering grads face double the unemployment rate of art history majors, according to the most recent data from the Federal Reserve Bank of New York. The stats show art history majors have a 3 percent unemployment rate while computer engineering grads have a 7.5 percent unemployment rate. Computer science grads are in […]
IRAN PARLIAMENT: STRAIT OF HORMUZ SHOULD BE CLOSED
June 22nd, 2025Update: U-Turning Oil Supertankers Cross Hormuz After Avoiding It Via: Bloomberg: Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Hormuz shipping strait at the mouth of the Persian gulf, having performed U-turns in the past 24 hours. — ?? Major General Kowsari, member of the National Security Commission […]
The Real National Emergency: Endless Wars, Failing Infrastructure, and a Dying Republic
June 21st, 2025Via: The Rutherford Institute: Seventy years after President Dwight D. Eisenhower warned about the cost of a military-industrial complex, America is still stealing from its own people to fund a global empire. In 2025 alone, the U.S. has launched airstrikes in Yemen (Operation Rough Rider), bombed Houthi-controlled ports and radar installations (killing scores of civilians), […]
Texas Instruments Will Invest Over $60 Billion to Manufacture Foundational Semiconductors in the U.S.
June 19th, 2025You won’t read this in the press release, but my guess is that plans for the upcoming battalions, fleets and swarms of terminator robots call for Made in USA silicon. Via: Texas Instruments Press Release: Texas Instruments (TI) (Nasdaq: TXN) today announced its plans to invest more than $60 billion across seven U.S. semiconductor fabs, […]
What Does It Mean When Jobs Are Being “Enhanced” by AI? Expect Layoffs
June 17th, 2025Enhanced by AI! *wink* *snort* Via: USA Today: Rollout of generative AI and agents will reduce Amazon’s total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer said in a note to employees on Tuesday. … “As we roll out more Generative AI and agents, it should change the way […]
Meta Buys 49% Stake in Scale AI for “Superintelligence” Unit
June 13th, 2025Via: Inc.: Mark Zuckerberg’s Meta, hell-bent on expanding its artificial intelligence capabilities, just invested $14.3 billion in Scale AI, acquiring a 49 percent stake in the San Francisco-based startup. Scale, now valued at $29 billion just nine years after its founding, will remain a separate company, but as part of the investment, Meta effectively poached […]
