Will The "AI Bubble" Be Popped?
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Rachel Blevins On The US Shortage Problem and the Ukraine Attack On Iran.
How did Iran become so popular?
Trump White House Plays "Apprentice" With An Agency Responsible For Funding a Quarter of " Basic Research Conducted By the United States' Colleges and Universities."
Via PBS : The Trump administration has fired members of an independent board that oversees the National Science Foundation. Members of the National Science Board received an email on Friday sent from the Presidential Personnel Office "on behalf of President Donald J. Trump" stating that their position was "terminated, effective immediately." "I wasn't entirely surprised, to be honest," said dismissed board member Keivan Stassun in an email. Stassun, who works at Vanderbilt University, added that the decision was "enormously disappointing." The National Science Board was created in 1950 to advise the president and Congress on science and engineering policy, approve major funding awards and guide NSF's future. It's typically made up of 25 members appointed by the president who serve staggered, six-year terms. The fired scientists hail from academia and industry and specialize in areas including astronomy, math, chemistry and aerospace...
The United States Federal Government Is Insolvent?
According to Fortune, apparently so : The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025. Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security and Medicare — those are disclosed separately in the off-balance-sheet Statement of Social Insurance (SOSI). The government’s consolidated balance sheet position, excluding the SOSI, deteriorated by nearly $2.07 trillion between FY 2024 and FY 2025, reaching a staggering negative $41.72 trillion. Total liabilities are now nearly eight times the value of reported assets. The largest drivers were a $2 trillion increase in federal debt and interest payable (no...
President Trump Sues Trump Administration IRS Over Action Taken By Previous Trump Administration.
Confused? Let NPR try to explain : President Donald Trump is suing the IRS and Treasury Department for $10 billion, as he accuses the federal agencies of a failure to prevent a leak of the president's tax information to news outlets between 2018 and 2020. The suit, filed in a Florida federal court Thursday, includes the president's sons Eric Trump and Donald Trump Jr. and the Trump organization as plaintiffs. The filing alleges that the leak of Trump and the Trump Organization's confidential tax records caused "reputational and financial harm, public embarrassment, unfairly tarnished their business reputations, portrayed them in a false light, and negatively affected President Trump, and the other Plaintiffs' public standing." In 2024, former IRS contractor Charles Edward Littlejohn of Washington, D.C. — who worked for Booz Allen Hamilton, a defense and national security tech firm — was sentenced to five years in prison after pleading guilty to leaking tax inf...
The Unfortunate Truth About Cryptocurrency
Honestly, once the conversation shifted from developing nations using it to celebrities endorsing it in a Super Bowl commercial, I began to get really skeptical:
US Using Frozen Russia Assets To Fund Ukraine
To the tune of $20 billion (of $300 billion in assets):
Three Months After Claiming Otherwise, FEMA Says It's Broke
Via Due Dissidence: It's almost like the United States has more money for war than to help it's own citizens.