The Manufactured 'Bipartisan' Push For An AI Kill Switch

Sam Altman Pushes Plan For Backdoor Government Backstop By Handing Out Small Equity Stake To Americans Back in November, amid mounting speculation that OpenAI's massive cash burn was massively unsustainable in light of the $1.4 trillion of funding commitments by the AI company, which in turn has sparked the biggest capex flood in modern history all on the hope that the company's promised payments will be made good, OpenAI CFO Sarah Friar sparked a market selloff when amid an admission that OpenAI was “looking for an ecosystem of banks [and]...

Johnson Says Reconciliation Is The Only Path For The SAVE Act Speaker Mike Johnson returned to the Capitol this afternoon after several hours at the White House, telling reporters that the only viable path to enact the SAVE Act is to attach it to a reconciliation bill - and that work is already underway. "The only way to get the SAVE Act to the president's desk, we've been shown many times, is to put it on a reconciliation bill, so that is in the process," Johnson said, adding that he believes...

Global Crop Prices Log Biggest Quarterly Jump Since Ukraine Invasion As Sticky Inflation Hits Grocery Bills The Bloomberg Agriculture Spot Index (BCOMAGSP) posted its largest quarterly gain since Russia invaded Ukraine in early 2022, as Black Sea disruptions, a crisis in the Strait of Hormuz, and mounting El Niño risks have formed what could be considered a perfect storm poised to drive food prices higher. BCOMAGSP, which tracks 10 major crops including corn, soybeans, wheat, coffee, sugar, cotton, cocoa, and others, jumped 13% in the third quarter. Among individual movers, corn...