I'm Sorry, But The Fed Has Run Out Of Road

Billionaire Tax Officially Heads To Nov. 3 Ballot Authored by Madeline Shannon via The Center Square, The controversial union-backed billionaire tax in California is officially heading to the Nov. 3 ballot. Secretary of State Shirley Weber announced the California Billionaire Tax Act exceeded the number of signatures it needed to qualify for the general election. The initiative aims to impose a one-time 5% wealth tax on the Golden State’s billionaires to generate $100 billion in revenue. The tax would apply to assets like art, stocks and bonds. That money would be used to help backfill reductions in...

Mullin Blasts Biden Admin After DHS Employee Killed By Naturalized Felon On Monday, Lauren Bullis, a 40-year-old Department of Homeland Security (DHS) employee, was "brutally shot and stabbed to death" while walking her dog, and DHS Secretary Markwayne Mullin is blaming the Biden administration for her murder. Olaolukitan Adon Abel (left) and Lauren Bullis (Photos: DHS) Bullis, an auditor with the DHS Office of Inspector General, was found on Battle Forest Drive in DeKalb County, Georgia, around 6:50 a.m. Witnesses saw a man standing over her body before he fled. She was...

Sam Altman Pushes Plan For Backdoor Government Backstop By Handing Out Small Equity Stake To Americans Back in November, amid mounting speculation that OpenAI's massive cash burn was massively unsustainable in light of the $1.4 trillion of funding commitments by the AI company, which in turn has sparked the biggest capex flood in modern history all on the hope that the company's promised payments will be made good, OpenAI CFO Sarah Friar sparked a market selloff when amid an admission that OpenAI was “looking for an ecosystem of banks [and]...