A Look Behind the Fed’s Curtains

Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower South Korean stocks plunged on Tuesday as concerns over circular AI financing and China's expanding DUV lithography capabilities (read here) were top of mind among investors. Adding to the pressure, chipmakers may not have found a floor just yet because Silicon Data's LLM Token Expenditure Index continues to slide, suggesting that companies are shifting toward cheaper models, particularly open-source alternatives from China. Top Overnight News The Kospi index follows a weak US session lower, falling as much as 10.7%...

57 California Dams In Poor Or Unsatisfactory Condition, State Auditor Says Authored by Naveen Athrappully via The Epoch Times, A new report from the state auditor says 57 dams in California are in poor or unsatisfactory condition, posing a safety risk to hundreds of thousands of residents. Out of those 57 dams, 40 have "high or extremely high" hazard classifications as of May, the Oct. 13 report said. "Failure of just one of these 40 high or extremely high hazard dams could pose harm to as many as hundreds of thousands of people...

Half Of Vienna Secondary School Students Are Now Muslim As Cultural Tensions Grow In Classrooms Authored by Thomas Brooke via Remix news, Almost half of students in Vienna’s public middle schools are now Muslim, according to new figures from the Vienna Education Directorate, marking the latest sign of a rapid demographic and cultural shift inside the Austrian capital’s classrooms. The data, cited by Heute, shows that Muslim students account for 49.4 percent of children in Vienna’s public middle schools — just short of an absolute majority. Across the city’s public compulsory schools more...