Category: Economy
OpenAI CEO Wants UAE Into His Plan For A Global AI Cabal
Original Article By Tobias Mann At TheRegister.com:
OpenAI CEO Sam Altman’s latest stop on his AI emperor roadshow was in the United Arab Emirates, where he floated the idea of a global consortium of governments and private interests to fund, power, and supply the artificial intelligence industry.
Over the past few months Altman has apparently sought billions of dollars from industry giants – including Abu Dhabi-based G42, Japan’s Softbank, Microsoft, and others – to build a network of chip fabs dedicated to making silicon for machine learning.
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Over 1,300 Layoffs Hit Logistics Companies Across US
Original Article By Noi Mahoney At FreightWaves.com:
Layoffs continue across the freight and logistics industry, with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks.
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Nearly 20% Of San Francisco Homes Are Sold At A LOSS – With The Average Seller Getting $155,500 Less Than They Paid – As Market Crumbles Amid Soaring Crime
Original Article By Tilly Armstrong At DailyMail.co.uk:
Nearly one in five homes sold in San Francisco have sold at a loss in recent months – way above the national rate.
Murders, robberies, burglaries and widespread public drug use are forcing residents to flee the city – and putting off people from moving to what was once the hottest US property market.
The 17.8 percent of San Franciscans losing money on their home sale in the three months to the end of February is close to the highest level in a decade. And it is four times the national average of 4.3 percent.
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Staggering 19.6 PERCENT Of US Office Space Is Unoccupied – Emptier Than At Any Other Point In Last 40 Years
Original Article By Emma Richter At DailyMail.co.uk:
A staggering 19.6 percent of US office spaces is unoccupied- the emptiest they’ve been in the last 40 years.
The drastic shift has spiked due to impacts from the pandemic, work-from-home lifestyle, years of overbuilding and the office-market decline of the 1980s and 90s, according to The Wall Street Journal.
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ZeroHedge- Democrats Dissent On SEC Spot Bitcoin Approval, Gensler Distances Himself From ‘Terrorist-Financing’ Crypto
Following yesterday’s false start, it appears the SEC has now officially approved a spot Bitcoin ETF… and screwed-up the release AGAIN!
In Jan. 10 letters filed with the SEC, Cboe said it had approved spot BTC ETF offerings from ARK 21Shares, Invesco Galaxy, Fidelity, VanEck, WisdomTree and Franklin Templeton. The deadline for final approval or denial of the spot Bitcoin ETF from ARK 21Shares is Jan. 10, leading to speculation that the SEC may approve multiple offerings from asset managers simultaneously.
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Gary Gensler Reports SEC X Account ‘Compromised’ — No Spot Bitcoin ETF Approval Yet
The United States Securities and Exchange Commission (SEC) has confirmed it has not yet approved the listing and trading of spot Bitcoin exchange-traded products, and that a previous post suggesting so, was false.
On Jan. 9, multiple news outlets published an inaccurate story after the official X (formerly Twitter) account of the SEC posted a tweet claiming that the regulator had approved spot Bitcoin exchange-traded funds for the first time.
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A Wokecession Comes for Hollywood
Dissident Hollywood types are starting to talk about a Wokecession for movie-going. The idea is that Hollywood’s insistence on including left-wing political themes in its films has started to weigh on ticket sales.
Far from a general downturn, October’s figures indicate that Americans pulled back on purchasing the entertainment products pushed by the big corporate entertainment giants.
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The 3 Pillars Of Tyranny: Violence, Debt, And Deception
A rambling meditation on tyranny: how cruel and evil forces make life hell for honest folk. The 3 pillars of tyranny are, violence, debt, and deception, with deception being the worst. I read takes from around the web, and offer ways to combat the powers of darkness threatening America.
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‘I Was In Complete Shock’: New Dating Trend Sees Men Asking For Refunds When They Don’t See A ‘Return On Investment’ — How The Rules Of Romance Have Changed Amid High Costs Of Living
A new dating trend has been popping up, where men send money requests to women after they decline a second date. Some even express they’d like their date’s share of the bill back since they didn’t get a return on their “investment.”
A psychotherapist cited by CNBC pointed out that this new trend could be partially due to the skyrocketing cost of living. A first date costs an average of $77 according to LendingTree — a high price to pay in a time of wage stagnation and inflation.
But maybe it’s to be expected — changing economic realities create new rules around money and dating. Here’s what you need to know if you’re still playing the field.
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Biden Throws $45 Billion In Federal Funds To Convert Offices Into Homes
“Taking aim at the nation’s housing crisis, the White House kicked off a multiagency push on Friday to help real-estate developers convert more office buildings emptied by the pandemic into affordable housing.”
With enough subsidies, developers will try nearly anything. Then when the projects fail, the developers ask for more money.
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The World Was Safer When America Was An Energy Superpower
Since the crumbling of the Iron Curtain and the dissolution of the Soviet Union, our leaders championed a New World Order. Hamas’s barbaric attack has many wondering if our leadership has instead delivered a “New World Disorder.”
Commentators blame the U.S. blundering in and out of wars in the Mideast: Libya, Iraq, and the dismal Afghanistan withdrawal. Appeasement of Iran by the Obama and Biden administrations, together with Trump’s “curious affection for autocrats,” are catalogued as causes of our unraveling world. Seldom mentioned is the abrupt decline of the U.S. oil and gas industry.
When Russia invaded Ukraine…, [Resident] Biden was confident that sanctions similar to those used by Trump so effectively against Iran would bring a quick end to the conflict. After over a year and a death toll in the hundreds of thousands, it is clear that sanctions cannot work without American energy dominance. Energy weakness also allowed Iran to evade previously effective sanctions to orchestrate the horrific Hamas attack on Israel.
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Japan’s Collapse Imminent: Prime Minister Calls On BlackRock To “Invest In Japan”
Japanese Prime Minister Fumio Kishida might be opening up the country to ESG policies and further politicization or censorship as he called on BlackRock and others to invest in Japan.
BlackRock gives every company an ESG score, or an Environmental, Social, and Governance score.
For those not familiar, ESG acts like a “social credit score” for companies, and many western companies (especially in the entertainment industry) are kowtowing to it.
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I'm Nate Houstman
I'm a blogger, podcaster, and web design and business consultant. Economic freedom is my mission, so I talk about money, entrepreneurship, and I expose the corruption in the financial system.
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