Economy & Finance

SoCal Heat-Wave Prompts Health Warning Of High Bacteria Levels At Los Angeles Beaches Authored by Jack Phillips via The Epoch Times, Health officials warned that some Southern California beaches may be unsafe for swimming due to elevated bacterial levels this week amid elevated temperatures across the region. The Los Angeles County Department of Public Health […]

Bezos Plots Colossal $100 Billion Fund To Transform Companies Using AI: WSJ Amazon founder Jeff Bezos is in early discussions to raise as much as $100 billion for a new investment vehicle aimed at acquiring and revitalizing manufacturing companies through the application of artificial intelligence, according to the Wall Street Journal. The proposed fund, described

Super Micro Co-Founder Arrested In Alleged $2.5 Billion Nvidia Chip Smuggling Scheme Federal prosecutors have charged a co-founder of Super Micro Computer Inc. and two associates with participating in a scheme to divert roughly $2.5 billion in advanced Nvidia chips to China, according to an indictment unsealed Thursday afternoon. The charges mark a notable escalation

NASA May Shrink Boeing’s Moon-Mission Role While Handing SpaceX Core Rocket Responsibilities President Donald Trump’s NASA chief could soon announce Boeing’s diminishing role in returning astronauts to the Moon, while leaning heavily on Elon Musk’s SpaceX rocket company to do the heavy lifting. Boeing’s Space Launch System (SLS), originally the rocket backbone of the Artemis

Minnesota Audit: State Agency ‘Accidentally’ Blocked Kickback Investigation Into Autism Services Authored by Janice Hisle via The Epoch Times (emphasis ours), A state agency erred when it blocked autism-services kickbacks from being investigated—a decision based on the agency’s flawed, decades-old definition of “fraud,” according to a Minnesota audit released March 17. A view outside the

Obama Judge Strikes Down Ten Commandments In Arkansas Classrooms Authored by Zachary Stieber via The Epoch Times (emphasis ours), A federal judge has struck down a law in Arkansas that required the display of the Ten Commandments in classrooms, finding it violated children’s rights. U.S. District Judge Timothy Brooks (Obama) ruled on March 16 that not

US Fast-Tracks Billions In ‘Emergency’ Arms Sales To Gulf, Bypassing Congress On the one hand President Trump and Pentagon chief Pete Hegseth have declared that America is ‘winning’ against Iran, having destroyed its navy and air defenses, and having seriously degraded its missiles – but on the other the admin has put in for a

All This Fuss About A Fiat Dollar Authored by Jeff Thomas via InternationalMan.com, Throughout the First World, and, particularly in the US, there is an increasing consciousness that fiat currency, far from being the solution to economic problems, is, in fact, a cause of them. There are even those who, over the years, have predicted

What Would A Bank Run Look Like Today? Authored by Jeffrey Tucker via The Epoch Times, The movie “It’s a Wonderful Life” (1946) features what is today the most famous bank run. It’s film and fiction, yes, but fits with a scenario that has been common for centuries. When the movie came out, the bank

One Reason This Energy Shock Is Not Like The One 15-Years Ago Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that one key reason the current Middle East conflict-driven energy shock “is not like 2011-2014” will be the absence of a comparable response from the shale patch,