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The Next Phase Of Shrinkflation: Rolling Blackouts
The Next Phase Of Shrinkflation: Rolling Blackouts
Via SchiffSovereign,
The lights went on at approximately 3pm on September 4, 1882 in New York City.
Thomas Edison (with major funding from JP Morgan) had spent roughly two years building the first-ever commercial power plant, located in Manhattan’s financial district. Its total capacity was about 600 kilowatts… barely enough to power a single rack of GPUs today.
But at the time it was nothing short of miraculous.
Edison’s coal-fired DC power plant initially served just 82 customers, and electricity was nothing more than a luxury flex by the...
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Jul 23, 2026 / Tyler Durden
Sen. Cruz Says GM Pushed The China Car Ban Provision That Would Also Knock Out Mercedes-Benz
Sen. Cruz Says GM Pushed The China Car Ban Provision That Would Also Knock Out Mercedes-Benz
The Senate Commerce Committee advanced the bill unanimously. Its chairman voted yes and then accused a Detroit automaker of writing part of it to remove a German competitor.
People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. Lillian Suwanrumpha /AFP via Getty Images
The Senate Commerce Committee unanimously advanced the Connected Vehicle Security Act of 2026 on July...
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Apr 15, 2026 / Tyler Durden
Negotiators Make 'Progress' Toward 2nd Round Of Pakistan Talks, While More US Troops Prepped To Deploy Near Iran
Negotiators Make 'Progress' Toward 2nd Round Of Pakistan Talks, While More US Troops Prepped To Deploy Near Iran
Summary
The Iran war is "very close to over" with authorities in Tehran eager to agree a peace deal, Trump says, adding: "We've beaten them militarily." Axios cites 'progress' toward framework to end war.
AP/Bloomberg reporting the two sides have an "in principle agreement" to pursue further diplomacy; however, this is batted down as 'unconfirmed' by Tehran & a US official.
The Pentagon is sending thousands of additional troops into the Middle East in coming...
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Jul 14, 2026 / Tyler Durden
Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates
Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates
Warren Buffett excluded the Gates Foundation from his annual charitable stock gifts for the first time in two decades, as scrutiny over Bill Gates' connections with convicted sex offender Jeffrey Epstein continues to cast a dark shadow over Gates and the foundation.
CNBC reports that the 95-year-old chairman will donate 9 million Class B shares to the Susan Thompson Buffett Foundation, and 1 million shares each to the Sherwood Foundation, the Howard G. Buffett...
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