Archive for the 'Economy' Category
Trump Announces Golden Dome Missile Shield
May 21st, 2025[???] Via: The War Zone: The Golden Dome missile defense system will cost about $175 billion and be operational “in less than three years” with “a success rate close to 100%,” President Donald Trump declared Tuesday afternoon as he shared new details about his ambitious, very expensive, and controversial missile defense shield for the U.S. […]
Australia’s Unrealized Gains Tax Will Be A Lesson In Economic Suicide
May 20th, 2025Via: QTR Fringe Finance: Australia’s new move to tax unrealized capital gains is one of the most reckless policy decisions I’ve ever seen — and keep in mind, I had front row seats to an “Inflation Reduction Act” that added more than $1 trillion in spending. Taxing unrealized gains is equal parts outright fucking mathematically […]
OpenAI’s Stargate AI Facility in Texas Will Consume 1 Gigawatt of Power
May 20th, 2025The scale is very wild… Via: Bloomberg: In other news, Musk wrote, “Colossus 2 will be the first Gigawatt AI training supercluster.” Colossus 2 will be the first Gigawatt AI training supercluster https://t.co/HPjEeqg3be — Kekius Maximus (@elonmusk) May 20, 2025 Related: AI’s Energy Footprint
Trump Wants A Twin-Engine “F-55” Version Of The F-35 Joint Strike Fighter
May 16th, 2025With a lifetime program cost now estimated at $2.1 trillion, the F-35 is easily one of the largest U.S. weapon boondoggles of all time. And now, Lockheed Martin, through its ventriloquist dummy Donald Trump: “Hold my beer.” What’s to be done about the Pentagon failing seven audits in a row? Increase its budget even more, […]
L.A. Council Backs $30 Minimum Wage for Hotels
May 14th, 2025haha Keep it up, Los Angeles. Via: Los Angeles Times: The Los Angeles City Council voted Wednesday to approve a sweeping package of minimum wage increases for workers in the tourism industry, despite objections from business leaders who warned that the region is already facing a slowdown in international travel. The proposal, billed by labor […]
House GOP Unveils Plan to Raise Debt Limit by $4 Trillion
May 13th, 2025Via: The Hill: House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to advance President Trump’s tax agenda. The proposal, which was included in legislative text unveiled by the House Ways and Means Committee on Monday, is in line with House instructions […]
White House Announces Saudi Arabia Spending $600 Billion on U.S. Goods and Services, Largest Weapons Deal Ever
May 13th, 2025Via: White House: Today in Saudi Arabia, President Donald J. Trump announced Saudi Arabia’s $600-billion commitment to invest in the United States… The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals. … Underscoring our commitment to strengthening our defense and security partnership, […]
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:
