The dirty secret behind the EV revolution

I came across a post from someone who spent 30 years in the auto industry, and it got me thinking. The public conversation about EVs almost always starts at the dealership. It almost never starts at the mine. One claim that caught my attention was this. Some life cycle estimates suggest an EV doesn’t offset … Read more

When banks chase paper this hard to win the next IPO mandate, you are late in the cycle.

Wall Street is lending cash against stock that cannot be sold. JPMorgan’s private-bank loan demand jumped tenfold in months. Goldman’s San Francisco loan balances are up 50% since 2023. Banks are writing share-pledge loans against pre-IPO AI paper, some as small as $150 million. That is leverage stacked on valuations nobody can mark. 2021-vintage startups … Read more

Mideast and Europe fights start overlapping

They cannot even keep the water pumps safe but still talk about winning the big war. At least seven states reported cyberattacks on water and wastewater systems this week. Minnesota hit first with more than 30 systems. Michigan and others followed. Hackers targeted internet-connected controllers that run pumps and treatment. Some systems lost pressure. Flooding … Read more

Can social media still grow when AI is replacing search, creators, and advertising?

Snap’s earnings this week may end up answering a much bigger question than whether the company beat estimates. Can social media still grow when AI is changing the way people search, create content, and discover information? For more than a decade, the formula was simple. Get more users. Keep them scrolling longer. Sell more ads. … Read more

GOP backs Morocco claim language on Spanish cities then screams about the migrant invasion

Link to the committee report for this bill containing the favorable language for Morocco with respect to the territory controlled by Spain:https://t.co/SIcFaQYkIK pic.twitter.com/gFuy1nWo9X — Thomas Massie (@RepThomasMassie) August 1, 2026 Massie posts that two weeks ago House passed bill greenlighting Spanish territory transfer to Morocco. Every Republican except him voted yes. Now same people act … Read more

Real wages dropped 0.4% and 30 year yields hit the highest since 2007 while parents face $900 back to school bills

Private sector labor costs rose 0.9 percent in second quarter 2026. Slightly higher than the 0.8 percent Wall Street expected. Yearly wage growth slowed to 3.1 percent for private sector, smallest since early 2021. Real wages after inflation dropped 0.3 to 0.4 percent. Wall Street still freaks out when regular workers get paid more. US … Read more

Kamala on CSPAN: claims Elon + Rubio’s DOGE cuts to USAID “killed” 600,000–700,000 people

I’d like to see her to name just one. 🚨 KAMALA JUST PULLED A NUMBER OUT OF THIN AIR AGAIN She claims Elon + Rubio’s DOGE cuts to USAID “killed” 600,000–700,000 people. That’s not a statistic. That’s fan fiction. DOGE didn’t kill anybody. All they do is lie. pic.twitter.com/8np50Ksmco — Gunther Eagleman™ (@GuntherEagleman) July 31, … Read more

AI convinced her to walk out onto a busy freeway.

ChatGPT convinced an Alabama woman to end her life to fulfill a divine prophecy, lawsuit alleges Madison began using ChatGPT in December 2024. Her initial interactions with the system were mundane, but then turned dark, the complaint alleges. “ChatGPT destroyed Christian’s mental stability and grasp on reality,” the lawsuit says. “ChatGPT convinced Christian that it … Read more