The Minerals Consortium Will Result in Malinvestment

The AI Economy, Part 1: Looking Beyond The Facade Authored by Michael Lebowitz via RealInvestmentAdvice.com, The US economy’s curb appeal looks great. Consider that gasoline prices are nearly $5, crude oil is trading above $100, consumer sentiment is at historically low levels, and mortgage and other interest rates have remained relatively high. Yet, despite the worrisome headwinds, the US consumer-driven economy continues to expand. However, as with a house’s curb appeal, it’s not just the headline data that defines an economy. Equally important is its supporting structure. Let’s open the door...

Social Security Recipients Could See Larger Payment Adjustment In 2027 Amid Higher Inflation Authored by Jack Phillips via The Epoch Times (emphasis ours), A senior citizens group has forecast that the cost-of-living adjustment (COLA) for Social Security payments will increase by 3.9 percent next year, more than 1 percentage point higher than last month’s prediction. Blank U.S. Treasury checks are run through a printer at the U.S. Treasury printing facility in Philadelphia, on July 18, 2011. William Thomas Cain/Getty Images The Senior Citizens League, which issues monthly projections on the COLA for Social...

The Iranian military has warned that if the US or Israel bomb Iran’s power plants or other energy infrastructure, it will completely close the Strait of Hormuz and target similar infrastructure in Israel and regional countries hosting US bases. Lt. Col. Ebrahim Zolfaqari, spokesman for Iran’s Khatam al-Anbiya Central Headquarters, issued the warning in response […]