Archive for the 'Economy' Category
U.S. Debt Tops 100% of GDP
April 30th, 2026Via: Wall Street Journal: The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World War II. As of March 31, the country’s publicly held debt was $31.265 trillion, while GDP over the preceding year was $31.216 trillion, […]
‘Quality Learing Center’ And 20 Other Somali-Linked Businesses Raided By FBI, Homeland Security In Minnesota
April 28th, 2026Via: ZeroHedge: Federal agents from the FBI and Homeland Security Investigations (HSI) executed court-authorized search warrants at more than 20 locations across the Minneapolis area early Tuesday morning, targeting businesses primarily linked to the Somali-American community as part of an ongoing criminal fraud investigation.
OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can’t Be Paid
April 28th, 2026Via: ZeroHedge: Earlier today, when previewing this week’s earnings by the Mag 7 which account for over $10 trillion in market cap set to report Q1 results after the close on Wednesday, Goldman’s Delta-One head Rich Privorotsky said that “Equities are being driven by one thing…AI spend”, and warned that “it’s hard not to respect […]
“An AI Agent Just Destroyed Our Production Data. It Confessed in Writing.”
April 26th, 2026Via: Jer: Yesterday afternoon, an AI coding agent — Cursor running Anthropic’s flagship Claude Opus 4.6 — deleted our production database and all volume-level backups in a single API call to Railway, our infrastructure provider. It took 9 seconds. The agent then, when asked to explain itself, produced a written confession enumerating the specific safety […]
The Largest Energy Shock On Record
April 26th, 2026A few videos… Peak Prosperity: Tucker Carlson: Patrick Boyle: Daniel Davis:
Digital ID Reveals Who Has Been Vaccinated
April 25th, 2026DIGITAL ID WILL REVEAL WHO HAS AND HAS NOT BEEN VACCINATED. At the World Economic Forum's Davos summit, Queen Máxima of the Netherlands made her position on Digital ID very clear. It is not just about banking or financial access, she said. Digital ID should also determine who… pic.twitter.com/nkxr5uCfxe — Mr. Nobody (@MmisterNobody) April 24, […]
Ursa Ag: Canadian Company Manufacturing Low Tech Tractors
April 22nd, 2026When technological “innovation” becomes a nightmare… Via: Wheelfront: Four hundred inquiries from American farmers poured in after a single interview. Not for a John Deere. Not for a Case IH. For a tractor built in Alberta with a remanufactured 1990s diesel engine and zero electronics. Ursa Ag, a small Canadian manufacturer, is assembling tractors powered […]
Lufthansa Cuts 20,000 Summer Flights as Fuel Prices Surge
April 22nd, 2026Via: BBC: German airline Lufthansa will cut 20,000 European short-haul flights over the summer, saying soaring fuel prices have made many journeys “unprofitable” for the firm. Jet fuel has doubled in price since the start of the US-Israel war with Iran as the conflict has slowed its production and transportation across the Middle East. Several […]
Pentagon Wants $54 Billion for Drones, More than Most Nations’ Military Budgets
April 22nd, 2026Via: Ars Technica: The US military’s massive $1.5 trillion budget request for the next fiscal year includes what Pentagon officials described as the largest investment in drone warfare and counter-drone technology in US history. The proposed spending on drone and autonomous warfare technologies within the FY2027 budget proposal for the US Department of Defense would […]
Iranian Ghost Fleet Ships Bypass U.S. Navy Blockade
April 22nd, 2026Hmm… Via: Daily Mail: Donald Trump’s naval blockade of the Strait of Hormuz is unraveling after dozens of Iranian vessels secretly slipped past US surveillance, even as the regime tightened its grip on the critical oil passageway by attacking three tankers. Approximately 34 Iranian oil tankers have slipped through the blockade, with 19 vessels exiting […]
