Texas Electricity Demand Could Quadruple Due To Soaring Data Center Demand: ERCOT

Trump Vows To Hit 'Loser' Iran 'Very Hard' As Pezeshkian Apologizes To Gulf Even As IRGC Attacks Expand As the US-Israeli war on Iran grinds into its second week, having completed a full week of what's largely been escalation alongside no real efforts at talks, the rhetoric on all sides is still expanding just as fast as the missile exchanges. Iran continues to get bombed very intensely, while several overnight ballistic missile and drone waves hit Israel. The biggest development is that Iranian President Masoud Pezeshkian says Tehran will never capitulate,...

Artificial Intelligence, Real Misallocation Authored by Peter C. Earle, Ph.D, Artificial intelligence may well be the most important technological development of the coming decade-and that is exactly why the current capital surge around it warrants skepticism. History is littered with transformative innovations that were nonetheless disastrously overbuilt and mispriced in their early phases. Austrian Business Cycle Theory was never a children’s story in which every boom ends with clowns, ashes, and worthless machinery; its real claim is subtler and nastier. When the price of time is falsified-when interest rates are pushed...

Russia Evacuates Hundreds Of Its Specialists From Iran's Nuclear Bushehr Complex After Missile Strike Russia has lodged formal protest with Israel following its reported strikes near Iran's Bushehr nuclear facility, angrily warning that the attacks directly endangered Russian personnel on the ground. Israeli and Russian media have confirmed that Moscow issued a sharp condemnation and warnings of a red line after Israeli forces reportedly hit the grounds of the nuclear power plant where Russian specialists are stationed. The International Atomic Energy Agency (IAEA) had also earlier provided independent verification that a missile...