Exit Narrative Grows: Bessent Says New Deal & Ceasefire Will Open Hormuz 'Today Or Tomorrow'

AI's Core Flaw: "Mass Regurgitation Of Misinformation" Authored by Charles Hugh Smith via OfTwoMinds blog, These immense hidden costs will not show up in GDP until they collapse the entire house of speculative gambling cards propping up the global economy. I approach all AI topics with several things in mind. One is the nature of problems, which implicitly define what qualifies as solutions, and the resulting incentive to define the "problem" such that the "solution" happens to be the one we own and control. So the "problem" AI solves is "corporate profits are too low," and so...

Blue Owl Stock Slides After Moody's Cuts Outlook To "Negative" On Surging Redemption Requests Blue Owl stocks is getting slammed this morning, erasing all early gains, after Moody's Ratings cut its outlook on a $36-billion Blue Owl non-traded fund to "negative" from "stable" on Tuesday, citing redemption requests that were significantly higher than at peers in the first quarter. Moody's also said the change in the outlook on Blue Owl Credit Income Corp (OCIC) is ​due to the majority of the redemption requests coming from a very limited number of investors,...

Psychology Journal Under Fire For Retracting Publication Challenging Claims Of Racism Authored by Jonathan Turley via JonathanTurley.org, We have previously discussed academic journals canceling publications that challenge the orthodox views of mainstream scholars. The latest such example can be found in the Journal of the New Zealand College of Clinical Psychologists, which pulled the 2025 article of Arna Mitchell who questioned claims that psychology as a field is a tool of "white power." The editors reportedly declared that such conclusions are "inconsistent" with the publication's "values." Dr. Kumari Valentine, a psychologist and...