D.C. Economy "Under Strain," Faces Biggest Spending Cuts Since Great Recession

Pope Sounds Alarm On AI "Slavery" While Church Aligns With Lefty Anthropic Pope Leo XIV published his first encyclical on Monday, entitled Magnifica Humanitas (The Magnificence of the Human Person). The roughly 42,300-word declaration, issued as a papal encyclical, warned, "The fight against new forms of slavery is a decisive test for the ethical discernment of AI and digital transformation." "If technology promises emancipation, yet produces new forms of global subordination, it stands in contradiction to the fundamental principle of human dignity," the pontiff explained in the encyclical, while urging governments...

Indian Airlines Beg Refiners To Delay Jet Fuel Hikes Earlier we reported that after issuing a code red about a month ago, with several airlines warning they may run out of kerosene in weeks if not days, European refiners and airlines have since backtracked on their earlier warnings; instead they now have “almost zero” concerns that jet fuel could run out over summer. That's because, as we explained in "Where To Find The Next Phase Of The Global Energy Shock", where we showed that refiners have ramped up production away from...

U.S. Gov't Could End Up Owning 90% Of Spirit In Rescue Deal Summary: WSJ says the Trump administration's possible $500 million rescue deal could leave the U.S. government with 90% control. WSJ says Commerce Secretary Howard Lutnick is leading the effort in U.S.-Spirit talks. BBG reported earlier on a potential $500 million rescue loan for Spirit. News of a possible rescue loan for Spirit emerged last week. Polymarket:  US takes a stake in Spirit Airlines by May 31? Yes 36% · No 64%View full market & trade on Polymarket Spirit Airlines shutdown/liquidation by May 31? Yes...