Cryptocurrency, Investing, Money, Economy, Business, AI, and Debt:
Norway’s central bank says CBDC ‘not warranted,’ cites strong payment system
Something Ominous is Happening in the AI Economy
The last time so much wealth was tied up in such obscure overlapping arrangements was just before the 2008 financial crisis.
A divided Federal Reserve cuts interest rates for a 3rd straight time
Gemini Gets CFTC Approval to Launch Prediction Markets in US
Coronavirus and Public Health:
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Politics:
John Roberts’s Dream is Finally Coming True
The chief justice has been working to neuter the Voting Rights Act since the beginning of his career.
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———— Let’s Start a War! ————
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———— Stark. Raving. Mad. ————
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———— The Epstein Coverup ————
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———— Autocracy R Us ————
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———— Blatant In-Your-Face Corruption ————
———— Putin&Krasnov vs. Ukraine ————
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———— Smoot-Hawley 2.0 ————
Trump Hates Socialism—Except When He’s Doing It
Trump made a quiet admission that his tariffs aren’t working as intended: he rolled out a $12 billion bailout for farmers.
The irony is hard to miss. This is a president who loves the word ‘tariffs,’ but ‘socialism’ is one of his harshest insults, second only to communism. Yet here he is, redistributing wealth from one group of Americans to another because his voters, farmers, are hurting.
———— Melon Husk ————
———— Hegseth on the Rocks ————
The military’s new AI says ‘hypothetical’ boat strike scenario ‘unambiguously illegal’
———— Mors Imperii ————
None Dare Call It Treason: The Republican Party Is Compromised
Republican Senators understand the grave threat Russia poses. Yet they refuse to uphold their oath of office due to their fealty to Trump.
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U.S. May Be Drastically Overstating Jobs Numbers
Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring.
Powell said that Fed staffers believe that federal data could be overestimating job creation by up to 60,000 jobs a month. Given that figures published so far show that the economy has added about 40,000 jobs a month since April, the real number could be something more like a loss of 20,000 jobs a month.
Serendipity:
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