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

Open AI loses second top executive this week.

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OpenAI has replaced chief revenue officer Denise Dresser after just nine months on the job, tapping Wiz president and chief operating officer Dali Rajic to take on frontier lab’s top sales job. The move comes as part of a broader shake-up in the organization in the last month, which has seen the departures of COO … Read more

USS Abraham Lincoln to be replaced in Middle East.

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WASHINGTON — The Pacific-based aircraft carrier USS George Washington has begun heading toward the Middle East as reports have emerged of mental health and supply issues aboard the long-deployed USS Abraham Lincoln. The Lincoln has been supporting the U.S. war against Iran, and its deployment has included a record-setting uninterrupted time at sea of more … Read more

Scott Bessent to use ‘economic tactics never seen before’ against Iran.

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The U.S. will be applying economic measures “that have never been seen on Iran,” according to Treasury Secretary Scott Bessent. “It will be a combination of economic isolation like ‌the world has ​never seen before, ​and ​the continued blockade in ‌the Strait of ​Hormuz that will ​keep anything from going in or out of ​the … Read more

Fitch issues new statement and outlook on U.S. credit rating — Debt warning in first paragraph.

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Fitch Ratings – New York – 13 Aug 2026: Fitch Ratings has affirmed the United States of America’s Long-Term Foreign- and Local Currency Issuer Default Ratings (IDRs) at ‘AA+’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. The United States’ ‘AA+’ rating is supported … Read more