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California's 'Wealth' Tax Is Coming For Everyone
California's 'Wealth' Tax Is Coming For Everyone
Authored by Edward Ring via American Greatness,
If you own property in California, you're not safe. A new ballot measure will empower the state to confiscate a percentage of the assets of any resident, even though its initial provisions don't communicate that intent. California's "One-Time Wealth Tax for State-Funded Healthcare, Education, and Food Assistance Programs Initiative," which has already qualified for the November ballot, is even worse than it appears.
It's not as if appearances aren't bad enough. The explicit intent of the initiative already...
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May 1, 2026 / Tyler Durden
Memory Stick Prices Refuse To Come Back To Earth
Memory Stick Prices Refuse To Come Back To Earth
Apple CEO Tim Cook's warning during Thursday evening's earnings call about the deepening global memory shortage sent us back to review memory stick prices.
Let's review what Cook said…
"We believe memory costs will drive an increasing impact on our business," Cook told analysts, while also warning about "supply constraints." He added, "We'll continue to evaluate this."
It wasn't just Cook warning about memory prices this week. Meta and Microsoft also noted in their earnings results that higher prices contributed to their elevated...
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Sep 7, 2026 / Tyler Durden
Iran To Draw New "Restricted Zone" In Hormuz As Saudi Aramco Facility Hit Again, Oil Climbs
Jun 23, 2026 / Tyler Durden
Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs
Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs
Oracle disclosed in a Form 10-K filing that it reduced its workforce by 21,000 employees over the past year as it automates white-collar jobs and frees up cash to splurge on AI infrastructure buildouts.
"Our periodic workforce restructurings and reorganizations can be disruptive," Oracle said in the annual financial regulatory publsihed on Monday, adding, "We have an existing restructuring plan in place under which we have made, and will continue to make, adjustments to our workforce in...
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