Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher

When The Cost of Truth Is High, We (And AI) Lie... Authored by Charles Hugh Smith via OfTwoMinds blog, When we can no longer tell the truth because the cost is so high that it threatens our reward for compliance, we're unimaginably impoverished. Truth has an intrinsic, irreplaceable value.  There's the truth, and then there's everything else. Truth has value, and so it has a cost.  Whatever has the highest value has the highest cost, and high cost commands sacrifices. When the cost of truth is high, we lie.  And since AI is a distorted reflection of...

Top military command across multiple branches and commands warned that prolonged large-scale operations were unsustainable.  The Washington Post spoke with multiple officials familiar with a bi-weekly assessment by top military officials on the status of the armed forces. The heads of the Army, Navy and Air Force and the commanders overseeing operations throughout Europe (EUROCOM), […]

New York Rediscovers Nuclear Power, With Plenty Of Political Fine Print Five years after Indian Point’s last reactor shut down, Albany rediscovered the appeal of electricity that runs around the clock without burning fossil fuels. Governor Kathy Hochul wants 5 gigawatts of new nuclear capacity, with at least 1 GW developed by the publicly owned New York Power Authority, plus a separate 4 GW initiative.  There haven't been any announcements for the technology of choice, but the most likely candidates are the large Westinghouse AP1000 and the smaller 300 MW BWRX-300 from...