How will the US economy be affected by AI?

via notayesmanseconomics: Overnight we have seen some good news about the present US government shutdown. Breaking: The Senate cleared a critical hurdle to end the record-long government shutdown, after Democrats provided enough votes to advance the spending measure. ( Wall …

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Nationwide McDonald’s outage in Australia and Japan; internal systems down, stores affected, EFTPOS offline, app out.

McDonald’s finds itself grappling with a significant crisis as a widespread IT outage disrupts operations across multiple countries, leaving customers stranded and frustrated. Since approximately 3:10 PM, internal systems have remained offline, plunging stores into uncertainty about when service will …

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Global Supply Chain Pressure Index rises; Suez and Panama canals affected, China restricts rare-earth exports, heightening short-term goods inflation concerns.

🌍 Global Supply Chain Pressure Index rising. “Two continental shipping passages, the Suez and Panama canals, are suffering from obstructions to trade traffic.” Not good for short-term goods #inflation. H/t: @FinancialTimes pic.twitter.com/FBwiN1DIF1 — Alex Joosten (@joosteninvestor) December 21, 2023 🇨🇳 …

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Soft Landing Is A Lie: Record-high Pessimism As 66% Of Americans View Today’s Economy Worse Than 2008 Crash And 2020 Lockdowns Amid Persistent Inflation.

https://twitter.com/GregCrennan/status/1737172258467254709 Christmas spending increases due to inflation concerns; 24% cite inflation as the reason, while 37% cut expenses, blaming inflation, up from 15% last year. The surge in homelessness, reaching a staggering 653,104 people, unveils a heartbreaking reality in the …

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