Jamie Dimon of JPMorgan, $JPM, has said that the American dream is dying for the bottom 20% of households, per FORTUNE

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Between house prices, the cost of living, and the threat AI poses to the labor market, Gen Z could be forgiven for giving up on the American Dream. Jamie Dimon, CEO of JPMorgan Chase, understands why—but he says they’re wrong anyway. The American Dream—the idea that anyone from anywhere can achieve success as long as … Read more

Why I don’t think “just tax billionaires more” solves it

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If politicians can hand corporations subsidies, write tax loopholes, steer billions into defense contracts, run huge deficits and keep expanding the money supply, then taxing billionaires more afterward doesn’t fix the system. It just takes a bigger piece of the wealth created by that system. Want to actually attack the problem? Close the loopholes. Stop … Read more

CNN panelists just declared ICE agents murdered two American citizens on live TV

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CNN goes off the rails after TWO panelists flat-out accuse ICE agents of murdering American citizens. Scott Jennings refuses to let it slide. Even the host had to step in and push back. SARAH MATTHEWS: “There weren’t murders of American citizens in our streets, and [Obama] was able to do… immigration enforcement.” JENNINGS: “What murders … Read more

Top economist warns that the AI math doesn’t make sense: ‘Profits are currently being funded by investors rather than earned from customers’

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Slok broke the AI stack into four layers: models/applications, cloud/compute, energy/grid, silicon/equipment. Silicon and equipment (chipmakers) show 41% profit margins. Models and applications (OpenAI, Anthropic and similar) show -59% operating margins. Upstream profits are real but they are paid for by capital raised by the losing layer, not by end-user cash flow. Goldman projects AI … Read more

U.S. HOUSING MARKET TILTS HARD TO BUYERS, MORTGAGE FIRMS IMPLODE 70%.

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U.S. homebuyer demand hit a record low in July, with just 967,000 buyers versus 1.46M sellers—a 51% seller surplus. Nearly 80% of major metros are now buyer’s markets, giving house hunters greater negotiating power. Miami leads with 154% more sellers than buyers, followed by Nashville and several Texas metros. High mortgage rates, elevated prices and … Read more

AOC gets plenty of exposure and air time

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AOC gets plenty of exposure and air time, but there is a whole different level of scrutiny that is applied when one runs for president. One debate and it's over. https://t.co/YzswveIDcD — Jared Dillian (@dailydirtnap) August 13, 2026 BREAKING: AOC is now the odds favorite to be the 2028 Democratic nominee pic.twitter.com/r5aoK4NXRH — Kalshi (@Kalshi) … Read more

USPS Workers Are Quitting EVERYWHERE — Here’s Why

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The United States Postal Service is struggling to hire and retain workers as staffing shortages continue affecting mail carriers, sorting facilities, and post offices across the country. Many employees point to heavy workloads, long hours, demanding routes, and increasing package volumes as reasons why keeping positions filled has become more difficult. In some areas, staffing … Read more

Japan’s teeth regrowing study has completed Phase 1 successfully. Now moving to Phase 2

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You grew two sets of teeth in your life. Your jaw quietly holds the beginnings of a third. Most mammals stop at two. But extra-tooth buds form in humans, and then a protein called USAG-1 switches them off. Block that protein, and the paused program restarts. In mice and ferrets,… pic.twitter.com/l5tx8W6izD — Avi Roy (@agingroy) … Read more

Feds bust NYC fraud scheme that engineered hundreds of sham marriages between Americans, Chinese nationals

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WASHINGTON — The feds nabbed 11 suspects accused of operating a decade-long, multimillion-dollar marriage fraud scheme that resulted in around 1,000 sham weddings between primarily Chinese nationals and US citizens for the purpose of getting the Asians green cards. The “cottage industry” uncovered Wednesday charged foreign nationals up to $100,000 for each fake union, including … Read more

TRUTH SOCIAL sale of fast access to Trump posts draws legal concerns… PAPER: The ‘most openly corrupt’ presidency

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A lawsuit filed this week alleges that the product is unconstitutional, and other experts warn it could violate securities laws. President Donald Trump’s media company has forged ahead with selling investors advance access to top Truth Social posts despite legal and ethical questions as it faces renewed scrutiny over its financial stability and relevance. President … Read more