Commentary High expectations and disastrous monetary policy have put Americans into a vicious debt spiral. In the first quarter of 2023, American household debt hit a record high of $17.05 trillion, about 73 percent of the nation’s GDP. One of the many issues with the high debt rates that Americans carry is that with rising…
High Expectations, Monetary Policy Cause Debt Burden
July 21, 2023
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IN-DEPTH: ‘Bidenomics’ Spends Up to $7 million to Create Each $50,000 ‘Green’ Job, Study Finds
July 21, 2023
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Despite the claims of Bidenomics acolytes that it will “rebuild the middle class,” a new study states that the hundreds of billions in federal subsidies for electric vehicle (EV) production are wasteful corporate giveaways, to the tune of up to $7 million per job created. “Taxpayers are going to forego tens of billions of dollars…
Twitter Seeks to Subpoena Sen. Warren After She Called SEC to Investigate Elon Musk, Tesla
July 21, 2023
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Twitter filed a request to subpoena communications between Sen. Elizabeth Warren (D-Mass.) and the U.S. Securities and Exchange Commission (SEC) and Federal Trade Commission (FTC), escalating a legal battle surrounding the social media company’s human resource practices after Elon Musk bought out the company. Twitter’s subpoena request comes as a response to a letter Ms….
Former ABC Reporter Pleads Guilty to Possessing Child Pornography
July 21, 2023
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A reporter who was employed by ABC News has pleaded guilty to transporting and possessing child pornography. James Gordon Meek, 53, pleaded guilty to using an online messaging platform to send and receive child porn, according to a plea agreement made public on July 21. Mr. Meek acknowledged knowingly violating 18 U.S. Code § 2252,…
The Slide Into Prolonged Economic Stagnation
July 21, 2023
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Commentary Economic data these days is so convoluted and confusing, and the interpretations so filtered through political blather, it becomes difficult to know what the truth is. Another way to put this, it’s hard to square one’s personal experience with the broader claims from the top that all is well. To hear the Biden administration…
NASDAQ Dips Over 2 Percent on Thursday for Worst Performance in Five Months
NASDAQ registered one of its worst daily performances in months on July 20 as the index got dragged down by the crashing stocks of Tesla and Netflix. On Thursday, NASDAQ declined by 295 points, or 2.05 percent, which is the biggest daily percentage decline since Feb. 21, when the index fell by 2.5 percent. The…
Virtual Modelling To Change Barramundi Production
As virtual modelling becomes increasingly available everywhere, the field of aquaculture is also taking advantage of it, new research in Australia shows. Jessica Hintzsche from the University of Queensland (UQ) in Australia is using a computer simulation for the development of ‘digital twins’—a virtual model for the genetic tools available for barramundi farming. A digital…
Leading AI Companies Commit to Safeguards at Meeting With Biden
July 21, 2023
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The Biden administration has announced new voluntary commitments from seven major artificial intelligence (AI) companies, another milestone in the White House’s attempt to get ahead of the fast-moving technology. “This is pushing the envelope on what companies are doing and raising the standards for safety and security and trust of AI,” a senior White House…
White House Says AI Companies Have Promised to Address ‘Bias and Discrimination’
July 21, 2023
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The Biden administration has announced new voluntary commitments from seven major artificial intelligence (AI) companies, another milestone in the White House’s attempt to get ahead of the fast-moving technology. “This is pushing the envelope on what companies are doing and raising the standards for safety and security and trust of AI,” a senior White House…
The West Leaks Chip Tech to China
Commentary The U.S.-China chip war is heating up. The world’s two largest superpowers are clashing over semiconductors that determine increasingly more of our lives, from when the smart toaster pops in the morning to what we write to our friends, family, and colleagues using ChatGPT in the afternoon. The latest silicon wafers, with transistors as…
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