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Millions Of Student Borrowers Are Defaulting: They Are 40 Years Old On Average
Millions Of Student Borrowers Are Defaulting: They Are 40 Years Old On Average
The NY Federal published its latest report on Household Debt and Credit for the first quarter: the report showed total household debt increased by $18 billion, just a 0.1% increase, in Q1 2026, to $18.8 trillion.
Some details:
Mortgage balances shown on consumer credit reports grew slightly by $21 billion during the first quarter of 2026 and totaled $13.19 trillion at the end of March.
Balances on home equity lines of credit (HELOC) rose by $12 billion, marking the 16th...
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Sep 25, 2026 / Tyler Durden
Appeals Court Backs Department Of War's Anthropic Blacklisting In Blow To Dario
Appeals Court Backs Department Of War's Anthropic Blacklisting In Blow To Dario
The Trump administration scored a legal victory Friday morning after a federal appeals court rejected Anthropic's challenge to its designation as a national-security supply-chain risk. This means the Department of War can blacklist the AI frontier firm from all contracts.
In a 2-1 decision today, the US Court of Appeals for the DC Circuit found sufficient grounds for the DoW to designate Anthropic's products a supply-chain risk. The court pointed to restrictions embedded in Claude that prevent it from...
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Jul 22, 2026 / Tyler Durden
AI Is Quietly Transforming Healthcare And Might Just Save Your Life
AI Is Quietly Transforming Healthcare And Might Just Save Your Life
Amid the broader debate over artificial intelligence's economic disruptions, the healthcare sector is quietly demonstrating some of the technology's most concrete applications. Rather than the job losses feared in other industries, hospitals report AI augmenting physicians, streamlining routine tasks and accelerating innovation in ways that could improve outcomes while controlling costs.
At the Mayo Clinic in Rochester, Minnesota, roughly 150 AI models are now in use. A tool called Record Time helps internists distill hundreds of pages of external medical...
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Apr 7, 2026 / Tyler Durden
Marc Andreessen Calls AI Job-Loss Fears 'Fake', Expects Employment Gains
Marc Andreessen Calls AI Job-Loss Fears 'Fake', Expects Employment Gains
It is not the first time that the venture capital guru has questioned some of the fundamentally dystopian scenarios being proposition in an AI world.
In February, we noted that amid an armada of dystopian futurists, projecting linear thoughts into a future of 'AI uber alles', Marc Andreessen stands as a beacon of potential utopian light, seeing a future that looks very different and very positive for young and old alike.
In a brief few minutes, the co-founder of Netscape and VC firm...
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