Article
China To Accelerate The Construction Of Coal-Fired Power Plants
China expects to add 70 gigawatts (GW) of coal-fired power generation this year, up from 40 GW of capacity from coal installed in 2022, a report from the power sector’s group, China Electricity Council, showed.
The coal additions, however, will not be the biggest capacity increases in China in 2023, per the report quoted by Bloomberg.
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Mar 25, 2026 / Tyler Durden
Artificial Intelligence, Real Misallocation
Artificial Intelligence, Real Misallocation
Authored by Peter C. Earle, Ph.D,
Artificial intelligence may well be the most important technological development of the coming decade-and that is exactly why the current capital surge around it warrants skepticism. History is littered with transformative innovations that were nonetheless disastrously overbuilt and mispriced in their early phases. Austrian Business Cycle Theory was never a children’s story in which every boom ends with clowns, ashes, and worthless machinery; its real claim is subtler and nastier. When the price of time is falsified-when interest rates are pushed...
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Mar 29, 2026 / Tyler Durden
DHS Shutdown Now The Longest In US History
DHS Shutdown Now The Longest In US History
Authored by Jacki Thrapp via The Epoch Times,
The partial shutdown of the Department of Homeland Security (DHS) became the longest in U.S. history on March 29.
The DHS shutdown reached its 44th day on Sunday, breaking the previous record set during the U.S. government shutdown in the fall of 2025.
Republican and Democratic lawmakers on Capitol Hill have blamed each other for the standstill while tossing a dizzying array of proposals through the halls of Congress that have not successfully moved forward.
Republicans criticized Democrats...
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Jun 17, 2026 / Tyler Durden
Watch Live: Kevin Warsh's First Press Conference As Fed Chair
Watch Live: Kevin Warsh's First Press Conference As Fed Chair
Warsh's first press conference as Fed Chair is likely to be the most important event risk of the meeting.
With The Fed leaving rates unchanged as practically 100% expected (with no dissents), and a very hawkish signal sent from the 'Dots', the question on everyone's lips is simple: "What Will Warsh Do?" (WWWD?)
Will he shift to a cautiously hawkish path citing a resilient labor market, higher growth and soaring inflation...
...or will he reiterate the current easing bias as support for the lower...
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