The AI-Powered Restructuring Amazon was busy this week, sending out pink slips. When it’s all said and done, this massive round of layoffs could hit up to 30,000 employees. This amounts to about 10 percent of the entire corporate workforce. The reduction in force (RIF) is expected to spread across several […]
The Thrill of the Wild “The whole way I’m driving out, I’m thinking I’m going to pull out this freaking $100,000 nugget.” The remark was recently made by 50-year-old Mike Hewlett, a welder from California. With gold now over $4,300 per ounce, he’s traded his hobbies of snowboarding, skiing, and dirt biking, […]
Shutdown Showdown At the time or this writing, the federal funding for the new fiscal year (FY 2026) has lapsed. The federal government bureaucracy is in partial shutdown. In Washington, D.C., and in federal offices across the nation, nearly a million people are either furloughed or clocking in for work […]
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Federal Reserve Chair Jerome Powell has resisted daily lambasting from […]
Have you ever heard of Aeva Technologies? The company is headquartered in the heart of Silicon Valley, in Mountain View, California. It specializes in developing LiDAR sensors for self-driving cars and robotics. Aeva uses something called frequency-modulated continuous wave (FMCW) technology. This can measure both distance and velocity simultaneously. It […]
The U.S. national debt recently topped $37 trillion. This comes to over $323,000 for every U.S. taxpayer. What’s more, $37 trillion amounts to a debt to gross domestic product (GDP) ratio of over 123 percent. For perspective, the debt to GDP ratio was just 57 percent in the year 2000. […]
The Federal Reserve is up to its old money printing games once again… Earlier this month it quietly purchased a cool $43.6 billion in U.S. Treasuries. This included $8.8 billion in 30-year Treasury bonds on May 8. Several days before that, it bought $20.4 billion in 3-year Treasury notes and $14.8 billion […]
“You put the lime in the coconut, you drank ‘em both up.” – Coconut, Harry Nilsson Breakdown and Reordering of Trade The breakdown and reordering of global trade via President Trump’s tariff policies will have many consequences. Long established trade relationships come with mutual dependency. Abruptly severing or restricting these ties will […]