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Meta’s reported profits might be misleading because of how it accounts for depreciation on its capital base. James Chanos pointed out that Meta’s $210 billion capital base as of June 30, 2025, is depreciated over 11 to 12 years. The real economic life of the GPUs it relies on could be as short as 2 …
Obama has legal immunity for what he did as president. That means he cannot be prosecuted for official acts during his time in office. But now he has been called to testify before a grand jury. Because of his immunity, he cannot refuse to answer questions by claiming the Fifth Amendment. He has to speak …
The Senate committee passed the PELOSI Act 8 to 7. Just one Republican voted yes. The bill would ban lawmakers and spouses from owning stocks. The White House is pushing back hard because the bill now includes the president and vice president. “It raises Article II concerns about presidential powers,” says the Office of Legislative …
When political favors swirl around famous names, the public gets the least interesting version of events. Trump’s possible pardon for a certain music mogul has the headlines but misses the backstage deal-making that matters. “Such considerations reflect broader negotiations, not just legal judgment,” one insider explained, revealing the complexity beneath the surface. https://deadline.com/2025/07/combs-pardon-trump-seriously-considering-1236468313/ This is …
Rent in America is out of control. In 2000, the average rent was $639. Now? It's $1,713 nationwide, and $2,198 for a one-bedroom in California. Rent has jumped 6–8% year after year. The numbers don’t lie. pic.twitter.com/OPH5robtnv — Wall Street Mav (@WallStreetMav) July 30, 2025 As Harvard economist Ed Glaeser put it, “Housing affordability is …
The movie theater revival is not an accident. Domestic box office in 2025 has surged about 10% compared to the same period last year, reaching roughly $5,140,000,000 through July 30. Surprise winners like F1 and Superman are pulling audiences back. Paul Dergarabedian of Comscore didn’t overthink it: “Looking at 2025 in a vacuum, what a …
Brazil’s Supreme Court Justice Alexandre de Moraes now wears a new label in Washington: sanctioned for human rights abuses. The U.S. government accuses him of abusing power to silence dissent, targeting Americans through secret court orders that pressured major social media companies to ban voices critical of the regime. His judicial overreach includes authorizing pre-trial …
by Michael Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20 percent, that is not good news at all. Sadly, most of the country is just barely scraping by from month to month in …
Governments in the UK, US, EU and Australia are now censoring anyone who exposes their censorship while claiming to shield children. That co‑ordination looks oddly synchronized. In Australia the new law bans social media for under‑16s starting December 2025 and includes YouTube after eSafety flagged it as the most harmful among youth 96 % of children …
The housing boom feels permanent until it isn’t. Case‑Shiller data showed home prices slowing again in May, with the 20-city index up just 2.3 % year-over-year and down 0.3 % from April. That marks one of only a few outright declines in modern memory, alongside 2008’s crash and 2022’s Fed tightening cycle ﹙raw data via Zillow and …
Data centers built to serve TikToks and ad targeting are quietly draining our grids. U.S. Energy Information Administration forecasts electricity use slicing through records, rising from 4,097 billion kWh in 2024 to 4,193 billion in 2025 and 4,283 billion in 2026, largely due to AI data center growth https://www.reuters.com/business/energy/data-center-demand-push-us-power-use-record-highs-2025-26-eia-says-2025-06-10/. In 2023 data centers consumed 4.4 % of …
by Michael Our society is more addicted to the Internet than ever. So how has that affected us? Are we happier than we once were, or are we less happy? Are we more mentally healthy than we once were, or are we less mentally healthy? I don’t have to give you the answers to those …
S&P 500 hits frothy 39 P/E as markets soar in historic rebound but past peaks signal danger ahead If the credit market was pricing this in interest rates would be over 10%. The problem is everything is being ignored. https://t.co/5SPicZHZpp — QE Infinity (@StealthQE4) July 29, 2025 Linkhttps://t.co/DrQuoW85rw pic.twitter.com/Fk04MoJMv8 — QE Infinity (@StealthQE4) July 30, …
Support for UK aviation is near universal until the sky goes dark. On July 30 engineers at NATS confirmed they had “restored the system that was affected” after a radar failure grounded all outbound flights from UK airports during peak travel hours https://www.ft.com/content/8b6b23d6-6586-4ea6-b745-6e1e45e6c5fe. London’s Gatwick confirmed outbound departures were paused while arrivals continued, though inbound flights …
A 200‑ft asteroid dubbed 2024 YR4 now registers a 4 % chance of striking the Moon on December 22, 2032. NASA used James Webb telescope data to refine that estimate, as Earth is no longer at risk but lunar fallout raises new alarms. Astronomers warn of debris potentially showering Earth orbit and endangering satellites “orders of magnitude above usual …
This is US consumer imports. pic.twitter.com/O5epi5CBq1 — Anna Wong (@AnnaEconomist) July 29, 2025 Stunning. U.S. imports of consumer goods have plunged by 43.9% over the past 3 months … that is the largest decline in history pic.twitter.com/kybq7DxPtT — Kevin Gordon (@KevRGordon) July 29, 2025
Support for Israel has fallen below 50 percent in the United States. When casualties surpass 60,000, public opinion tends to shift. The stark numbers reflect a growing unease that goes beyond simple allegiance https://www.aljazeera.com/news/2025/7/29/death-toll-in-israels-war-on-gaza-surpasses-60000. Gaza faces a deepening famine crisis with over 20 percent of the population severely short on food.Starvation works quietly, cutting through …
Trump misreads Fed’s playbook. Powell ain’t cutting rates😅 pic.twitter.com/IiGQkdh4wi — The Great Martis (@great_martis) July 30, 2025 OH MY US Q2 GDP INITIAL ESTIMATES 3.0% VS 2.6% EXPECTED economy grew in Q2… pic.twitter.com/bdsm6u8Vle — amit (@amitisinvesting) July 30, 2025 Get ready for more inflation. pic.twitter.com/N3KC7Idemh — Spencer Hakimian (@SpencerHakimian) July 30, 2025 You can kiss …
Something doesn’t ring true about the tariff ultimatum. Trump announced a 25 % tariff on India plus an added “penalty” for purchasing Russian energy and military goods starting August 1, framing it as both punitive and principled. He claimed India has “tariffs among the highest in the world” and uses “obnoxious non‑monetary trade barriers,” before declaring India …
Musk and Tennessee officials want Nashville to believe a ten mile loop to the airport is just about transit. They say it’s privately funded through “private partners” who remain anonymous. That anonymity is telling. Musk has done this before in Las Vegas where the Boring Company claimed to have delivered three million Tesla rides around …
Trump just tore into Chuck Grassley not over policy, but over perceived weakness. On Truth Social, he mocked the Iowa senator for clinging to the Senate’s blue slip tradition, a rule that lets home-state senators block federal judge nominees. Trump posted, “Can someone please explain to this guy that the ‘Blue Slip’ is killing us?”truthsocial.com/@realDonaldTrump/posts/114938820270436889 …
The carefully maintained silence around Gloriavale is unraveling. On Tuesday, Howard Temple, the leader of the secretive New Zealand Christian commune, pleaded guilty to multiple charges of indecent assault and perverting the course of justice. The courtroom didn’t just hear about criminal acts. It heard about a system built on isolation, control and decades of …
An uneasy mood is settling as the UN warns of a “worst-case scenario” unfolding in Gaza, a phrase heavy with dread but light on concrete solutions. The reality is more tangled. Israeli society, long unified behind its military campaigns, now harbors deep doubts. An increasing number question the morality of the war, worried about the …
An 8.8 magnitude earthquake struck off Russia’s Kamchatka Peninsula on July 30 2025. The Pacific Tsunami Warning Center quickly issued widespread alerts across Hawaii, the U.S. West Coast and Pacific nations then downgraded Hawaii to an advisory once initial waves peaked around 1.7 m. Kamchatka Governor Vladimir Solodov remarked “Today’s earthquake was serious and the strongest …
$38 trillion. That is the mountain of debt the United States carries. Senator Josh Hawley proposes issuing rebate checks funded by tariffs. The idea sounds simple. Tariffs raise revenue but also push prices higher for consumers already squeezed by inflation. Instead of tackling unchecked spending or entitlement growth, this plan kicks the can down the …
Flames and smoke still cloud the Horizon Biofuels site in Fremont Nebraska weeks after a massive blast on July 29 2025. Three workers remain missing swallowed by twisted metal and rubble. The plant’s main product wood pellets seemed innocent enough until the firestorm erupted fueled by volatile alcohol based materials on site. Nine fire departments …
Starbucks is closing hundreds of stores while same-store sales continue their slide, signaling deeper issues beyond typical retail woes. The coffee giant’s struggles highlight a shift in consumer habits and increasing competition from local cafes and fast-casual chains. It’s not just about coffee anymore; convenience, pricing, and brand fatigue are taking their toll. Despite efforts …
Ground beef just hit $6.12 Highest price ever recorded by the USDA Up 12% year over year Up more than 50% since 2022 This isn’t a seasonal spike It’s systemic US cattle inventory has collapsed 94.2 million head as of July 1 Lowest mid-year count since 1973 June feedlot placements: 1.44 million Lowest since 2017 …
New Medicaid work rules are set to drop 30,000 Central New Yorkers from coverage That’s not a policy tweak That’s a system shock Syracuse’s three hospitals are bracing for 14,500 newly uninsured patients Not over a decade Over two years That’s one in five of their Medicaid load evaporating These hospitals don’t get to turn …
Valuations this lopsided don’t last. DXY looks like it has much further to rise. pic.twitter.com/Aw1QxqXfwg — Michael J. Kramer (@MichaelMOTTCM) July 28, 2025 Where do you think the risk vs. reward is? The last (and only) time the % distance was above 100% was… guess when? December 1999. This shift is inevitable. pic.twitter.com/DTCEv1K3bP — Guilherme …