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Congress Quietly Moves To Intertwine US, Israeli Militaries On Formal Level
Congress Quietly Moves To Intertwine US, Israeli Militaries On Formal Level
There are some stealth moves afoot by the Trump administration and Congress, which are poised to formalize the long-standing close US-Israel relationship, on the level of a formal defense pact.
A sweeping new legislative proposal in Congress is moving to more deeply intertwine and combine the two countries' military arsenals. The House of Representatives' version of the 2027 National Defense Authorization Act (NDAA) released this past week contains Section 224, devoted to military integration with the name "United States-Israel Defense...
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May 8, 2026 / Tyler Durden
Cost Of California's High-Speed Rail Goes Up Again
Cost Of California's High-Speed Rail Goes Up Again
Authored by Kerry Johnson via Pacific Research Institute for Public Policy,
It was supposed to cost $33 billion when voters approved the train in 2008. It will now cost at least $126 billion.
It was also supposed to be carrying 65.5 million to 96.5 million intercity riders a year by 2030. Yet now 2040 is the date for “full service to start.” Skeptics don’t believe we’ll ever see the train run with paying customers aboard.
“In my judgment, the Draft 2026 Business Plan describes a project that...
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Sep 30, 2026 / Tyler Durden
Who Keeps The Money When AI Rewrites Bank Code?
Who Keeps The Money When AI Rewrites Bank Code?
Authored by Patrick Feeley via Substack,
The code most American banks run on was designed in 1959, the year Alaska and Hawaii became states. A committee of government and industry people wrote COBOL so that business programs could be read by people who were not mathematicians, and a good part of it was modeled on FLOW-MATIC, an earlier language from Grace Hopper, a Navy officer. I doubt anyone on that committee thought it would still be running banks in 2026. In 2017...
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Jun 17, 2026 / Tyler Durden
Watch Live: Kevin Warsh's First Press Conference As Fed Chair
Watch Live: Kevin Warsh's First Press Conference As Fed Chair
Warsh's first press conference as Fed Chair is likely to be the most important event risk of the meeting.
With The Fed leaving rates unchanged as practically 100% expected (with no dissents), and a very hawkish signal sent from the 'Dots', the question on everyone's lips is simple: "What Will Warsh Do?" (WWWD?)
Will he shift to a cautiously hawkish path citing a resilient labor market, higher growth and soaring inflation...
...or will he reiterate the current easing bias as support for the lower...
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