Archive for the 'Economy' Category
Tokenized, Inc: BlackRock’s Plan To Own The Fractionalized World
February 17th, 2024Via: Unlimited Hangout: In the aftermath of the recent Bitcoin ETF approvals, BlackRock’s Larry Fink revealed that soon everything will be “ETF’d” and tokenized, threatening to fractionalize not just existing assets and commodities, but the natural world, reducing most living things into Wall Street financial products to be traded on a single, universal ledger. … […]
Microsoft Investing 3.2 Billion Euros In Germany For AI Research
February 17th, 2024Via: Reuters: U.S. software giant Microsoft will invest 3.2 billion euros ($3.44 billion) in Germany in the next two years, mostly in artificial intelligence, offering a boost to Europe’s largest economy as it faces its worst slump in 20 years. With its biggest investment in Germany in the last 40 years Microsoft aims to double […]
The U.S. Government Will Soon Spend More on Interest Payments Than Military
February 16th, 2024Via: Wall Street Journal: Treasury yields have sprung to multiyear highs, forcing the U.S. government to pay a lot more in interest and putting pressure on the budget. The U.S. government is expected to pay an additional $1.1 trillion in interest over the coming decade, according to the Congressional Budget Office’s latest estimates. Interest costs […]
Collapse in San Francisco
February 15th, 2024This is clearly happening for a reason, but what’s the reason? I don’t buy the explanation that it’s just a bunch of stupid Democrats doing stupid things. Is this acting as a sort of economic bomb to drive down property prices so some group can buy the place up? What’s actually behind this? Via: Tyler […]
U.S. Air Force Takes Delivery of First Autonomous Electric Cargo Plane
February 14th, 2024Via: Electrek: Pyka, a Silicon Valley startup, delivered its first electric autonomous cargo plane to AFWERX, the US Air Force’s network of innovators. … Pyka’s CEO believes DAF is “an ideal customer” for the long-range electric aircraft. Powered by four electric motors (100 kW combined) and a 50 kWh lithium-ion battery, the Pelican Cargo has […]
U.S. Senate Passes $95 Billion Ukraine-Israel-Taiwan Aid Bill
February 13th, 2024Meanwhile, in Jackson, Mississippi: Via: Reuters: The Democratic-led U.S. Senate on Tuesday passed a long-sought $95.34 billion military aid package for Ukraine, Israel and Taiwan, although it faced an uncertain path ahead in the Republican-controlled House of Representatives. After months of negotiations and political infighting, the lawmakers approved the measure in a 70-29 vote that […]
AI Is Starting to Threaten White-Collar Jobs
February 12th, 2024Via: Wall Street Journal: Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office. The list of white-collar layoffs is growing almost daily and include jobs cuts at Google, Duolingo and UPS in recent weeks. While the total number of jobs directly lost to generative […]
RFK, Jr.: “Here’s The Truth About The War In Ukraine”
February 12th, 2024It’s true. Too bad about his Epstein situation and his support of Israel… Here’s the truth about the war in Ukraine pic.twitter.com/pBf4XkTO21 — Robert F. Kennedy Jr (@RobertKennedyJr) February 11, 2024
Sam Altman Wants to Raise $5 to $7 Trillion for AI Chips
February 11th, 2024Via: Business Insider: The Wall Street Journal reports that OpenAI CEO Sam Altman has met with officials from the United Arab Emirates to pitch his plan to build lots and lots of new chip factories. The cost? $5 trillion to $7 trillion. OpenAI needs more computing power (currently, it relies on Microsoft for this) — […]
Farm Protests: EU Eases Demands in 2040 Climate Proposal
February 9th, 2024Via: Politico: Under intense pressure from farmers, the European Commission has dropped key passages in a proposal for a new 2040 goal for cutting greenhouse gas pollution. “All sectors” would need to contribute to the effort, the EU executive’s plan says. But a mention of a possible 30 percent cut to agricultural pollution between 2015 […]
