Nvidia CEO: "I Think We've Achieved AGI"

Waste Of The Day: Seattle's Homelessness Fiasco Authored by Jeremy Portnoy via RealClear Politics, Topline: The homelessness agency in King County, Wash., has a $45 million deficit, but auditors can’t fully figure out why, according to a state audit publicly released this April. Its accounting records are so poor that it’s impossible to track where portions of its money are being spent. Key facts: The King County Regional Homelessness Authority helps run shelters and outreach to the homeless population in 39 cities. It’s funded jointly by the county and the City of Seattle. Financial...

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, suggesting consumers are more likely to bear the brunt of the pain.  Kapteyn noted that, on an inflation-adjusted basis, oil prices in 2011-2014 were actually higher than they are today, yet the U.S. economy absorbed that...

The US Department of War said on Tuesday that its forces boarded an oil tanker in the Indian Ocean that it tracked from the Caribbean, marking the third such incident. According to The Associated Press, the ship, named the “Bertha,” was one of the tankers that left Venezuela following the January 3 US attack on […]