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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...

Target Hospitality Jumps As Data Center Boom Fuels Demand For Worker Camps Target Hospitality shares jumped in premarket trading after the company announced a new contract to provide mobile housing solutions and related hospitality services for workers at data center construction projects. The 48-month contract could generate upward of $750 million in revenue for Target Hospitality, which builds, owns, leases, and operates large temporary or semi-permanent "communities" for workers of major projects. The contract covers 3,370 beds. Historically, Target Hospitality generated revenue from energy, natural resources, and government-related customers, but since the...

Nearly 20,000 Americans Have Safely Returned Home From The Mid-East: State Dept Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Nearly 20,000 U.S. citizens have returned safely from the Middle East since Feb. 28, when the Iran conflict broke out, Dylan Johnson, assistant secretary at the Bureau of Global Public Affairs, said in a March 5 statement. Smoke rises from a reported Iranian strike in the industrial district of Doha, Qatar, on March 1, 2026. Mahmud Hams/AFP via Getty Images “These figures do not include the many Americans who have safely...