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Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Authored by Tyler Turman via TheDailyEconomy.org,
America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing?
That depends, as it turns out, on how you measure it.
Last month, Senator Kennedy (R-LA) introduced a bill that would require the Census Bureau to report a new poverty metric as an alternative to the Official Poverty Measure (OPM) by including both cash and non-cash welfare benefits in its calculations.
As Kennedy points...
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Mar 30, 2026 / Tyler Durden
Off-Ramp In Progress? Israeli Media Signals 'Completion Phase' Of Iran War
Off-Ramp In Progress? Israeli Media Signals 'Completion Phase' Of Iran War
It's no secret that Washington is looking for an off-ramp amid what has been a steady pattern of escalation with Iran over the past month since Operation Epic Fury began. The White House's anticipated timeline and even list of objectives has seriously shifted since the war's start, as has the scope, given Tehran's 'unexpected' big retaliatory strikes on the Gulf and Israel - including on energy and infrastructure targets.
It seems Trump was thinking Iran could be parallel to the...
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Mar 7, 2026 / Larry C. Johnson
The Trump Administration is Lying About American Casualties in the Persian Gulf Region
First let me explain the meaning of the X message and photo that appears above… the cancellation of the training exercise is a key indicator that the Pentagon is going to deploy the some, if not all, of the 82nd Airborne Division to the Persian Gulf. Final destination unknown. You may recall an article I […]
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Feb 20, 2026 / Tyler Durden
Nvidia Favors $30 Billion OpenAI Investment, Retreating From Prior $100 Billion Commitment
Nvidia Favors $30 Billion OpenAI Investment, Retreating From Prior $100 Billion Commitment
Update (Friday):
Bloomberg reported earlier this week that OpenAI is nearing completion of a new funding round that could raise more than $100 billion. Separately, the Financial Times reported on Thursday that Nvidia is close to finalizing an investment of about $30 billion in OpenAI, a significantly smaller amount than the $100 billion commitment agreed upon last year.
FT cited people familiar with the funding round who said the "final stages" have begun and that Nvidia's $30 billion equity...
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