Countdown Begins: Former Central Bank Advisor Warns Food-Price Shock Could Hit "Within 6 To 9 Months"

The Latest AI Developments In 60 Seconds As the tempo of AI newsflow approached the frenzied rollercoaster pace of geopolitical headlines during the biggest oil shock in decades, it's becoming easy to get lost in all the latest developments and drama surrounding OpenAI, Anthropic, Nvidia, government blacklists, the AI circle jerk, sentinent killer robots, and so on... To help readers keep on top of things, we are launching a brief AI news roundup, which should help you get up to speed in under 60 seconds.  Here are the four main things you...

The Frozen Market For Homes Authored by Jeffrey Tucker via The Epoch Times, Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people. On the supply side, millions of existing homeowners are locked into COVID-era mortgages of 3 percent or lower, which makes them negative in real terms. That’s a great deal unless you sell and...

Oil Tumbles, Stocks Surges As Israeli TV Reports Imminent 'One Month Ceasefire' Announcement Summary US seeks a one-month ceasefire with a framework to end the war, according to Israel Channel 12 reports WSJ, Fox reporting 3,000 elite Army Airborne soldiers to be ordered to Middle East. Axios says US awaits Iran response to proposed Thursday peace talks. Trump says Iran has been destroyed "militarily".  Backchannel diplomacy vs skepticism: Abbas Araghchi reportedly signaled openness to negotiations with the US via envoy Steve Witkoff, but Israel has appeared cool on deal prospects or offramp. Heavy exchange of fire and...