Swalwell Quits CA Governor's Race Amid Sexual Assault Allegations

While Subprime Auto Loans Default, Their Bonds Somehow Keep Performing America’s subprime auto market has become a fascinating example of how financial engineering can remain remarkably healthy even while the consumer sitting underneath it is getting progressively sicker, according to Bloomberg. Bloomberg recently dug through nearly 3 million auto loans originated by Exeter Finance, Santander, Carvana and GM Financial and subsequently stuffed into publicly traded asset backed securities between 2021 and 2023. What emerges from the data is a system built with enough interest, fees and collateral protection that borrowers can...

America's Largest Wind Farm To Begin Operations This Month Authored by Naveen Athrappully via The Epoch Times, The SunZia Wind Project, the largest wind farm in the United States, is scheduled to kick off operations this month, roughly three years after construction activities began on the project, the Energy Information Administration (EIA) said in a June 12 statement. “The wind farm, located in New Mexico, has a total net summer generating capacity of 3,650 megawatts (MW) and is composed of 916 wind turbines,” the EIA said. “SunZia’s capacity is more than three times...

"Skies Are Changing": Northrop Grumman Unveils Chain Gun To Defend Critical Infrastructure From Drone Swarm Attacks Our view of the missing air-defense layer around data centers and other critical infrastructure emerged in late January, roughly one month before the US-Iran conflict, when we published "Explosion in AI Data Center Buildouts Will Demand Next-Gen Counter-Drone Security." That theme was validated shortly after the war began, when Iran targeted multiple data centers with Shahed-series one-way attack drones, which generally fall within the Group 3 category. The strikes marked one of the clearest demonstrations...