Why Stable Systems Fail: The Illusion Of Institutional Control

U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and the potential reopening of the Hormuz chokepoint. At the pump, however, the latest AAA data as of Wednesday morning show that the national average for regular 87-octane gasoline has climbed to $4.50 a gallon, the...

Waymo Partners With Waze To Use Self-Driving Cars To Track Potholes Authored by Dylan Morgan via The Epoch Times (emphasis ours), Two Alphabet-owned companies, Waymo and Waze, announced on April 9 that they will team up to detect potholes and share that information with local government agencies to help get them filled more efficiently. A self-driving Waymo vehicle awaits passengers in Los Angeles on July 1, 2025. John Fredricks/The Epoch Times “Waymo is already making roads safer where we operate,“ said Arielle Fleisher, the company’s policy development and research manager, in a statement....

US Industrial Production Disappoints (Again) In June US Industrial Production rose just 0.1% MoM in June (less than the 0.2% MoM rise expected), after also disappointing in May. That slowed the annual growth in production from 1.6% YoY to +1.1% YoY... The recent blip higher in Capacity Utilization faded last month (76.1% vs 76.2% exp) with the down-trend seemingly still in tact... If 'soft' survey data is in any way predictive of reality, then we should be seeing a sizable trend higher in industrial production... ...or maybe it's just another useless sentiment signal. ...