New Fed Chair Kevin Warsh's Job Is Impossible

As Affordability Fears Mount, $100,000 Salary Considered Low-Income In 7 California Counties A six-figure salary is considered low-income in a handful of California counties, according to the 2026 income limits set by the state’s Department of Housing & Community Development. These new income limits, which took effect June 23, are used to calculate the cost of affordable housing for certain state housing assistance programs. Most counties saw an increase in the cutoff for what is considered low-income, and seven counties—Santa Cruz, San Francisco, San Mateo, Marin, Santa Clara, Orange, and Santa Barbara—had...

US Law Firm Apologizes After AI Hallucinations Made It To Legal Filing Authored by Brayden Lindrea via CoinTelegraph.com, Wall Street law firm Sullivan & Cromwell has apologized to a federal judge after submitting a court filing that contained around 40 incorrect citations and other errors caused by AI hallucinations. “We deeply regret that this has occurred,” Andrew Dietderich, co-head of Sullivan & Cromwell’s global restructuring team, wrote Friday in a letter to Chief Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York. “The Firm and I are keenly aware...

The COVID Playbook Returns: Energy Rationing & The Politics Of Crisis Control Authored by Chris MacIntosh via Doug Casey's International Man, This recent headline from New Zealand should itself send chills down your spine… “Government reveals details of fuel crisis rationing plan – and who will be prioritized.” Anytime the pointy shoes get to decide who will and who will not get something, you must realise that you’re about to get royally screwed. The uncomfortable parallels between the Convid response and the proposed fuel rationing plan cannot be ignored. On the surface, the Fuel Response...