OpenAI Slashes GPT-5.6 Luna Price By 80% As China's Cheaper Models Close In

Obama-Appointed Judge Halts US Visa Restrictions On Disinformation Gurus Accused Of Censorship Authored by Owen Evans via The Epoch Times, A federal judge on Tuesday blocked the Trump administration from enforcing a policy that denied visas and ordered deportations of “disinformation” expert foreign nationals whom it accused of being leading figures in the global “censorship-industrial complex.” Last year, the United States issued a visa policy targeting foreign nationals whom it claimed censor Americans’ free speech abroad. “For too long, Americans have been fined, harassed, and even charged by foreign authorities for exercising their...

US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows With mortgage rates rising and the 'low hire, no fire' economy leaving many anxious about their household finances, the ugly spring selling season has not been followed by a consistent rebound in existing home sales in the US. After falling 1.4% MoM in June (revised up from a 2.4% MoM decline), US existing home sales fell again -1.7% MoM in July (worse than the -1.0% MoM exp). This dragged the annual increase in sales down to just 0.74% YoY... Overall,...

The "Good News" Is Always The Same: The Stock Market Is Up... Until It Isn't Authored by Charles Hugh Smith via OfTwoMinds blog, Cloaking a fake "market" with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics of self-correction and self-liquidation. Systems that use feedback to rebalance extremes are self-correcting: rather than accelerate as they approach a cliff, they slow down and reorganize to avoid runaway self-reinforcing feedback (i.e. positive feedback), a.k.a. run to failure. Some things are self-liquidating by...