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World's Largest Sovereign Wealth Fund Cuts Treasury Holdings... But It's Not What You Think
World's Largest Sovereign Wealth Fund Cuts Treasury Holdings... But It's Not What You Think
The headlines are running rampant this morning as the world's largest (and most transparent) sovereign wealth fund - Norway's Government Pension Fund - has proposed reducing the amount of government bonds in its $2.3 trillion portfolio to boost holdings of riskier debt, with US Treasuries the most affected.
Norges Bank Investment Management (NBIM), which manages the fund, said in a letter sent to the Ministry of Finance on Tuesday and published on its website, that government debt should...
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Apr 14, 2026 / Dave DeCamp
US Southern Command Kills Two in Latest Boat Strike in Eastern Pacific Ocean
US Southern Command announced on Monday that its forces bombed another alleged drug-running boat in the waters of Latin America, and said that the attack killed at least two people. SOUTHCOM said the strike targeted a boat in the Eastern Pacific Ocean, and it offered no evidence to back up its claim that the small […]
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Sep 7, 2026 / Tyler Durden
Japan's NEC Halts Quantum Computer Project After Decades Of Research
Japan's NEC Halts Quantum Computer Project After Decades Of Research
NEC has ended its effort to develop a working quantum computer, reportedly deciding that the project would take too long to deliver an acceptable return on investment, according to a new report by Nikkei.
The move represents a significant change in direction for a company that has been involved in quantum computing research for more than three decades.
NEC was among the earliest companies to pursue the technology, beginning its research in the 1990s and achieving a major breakthrough in 1999 with...
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Jul 24, 2026 / Tyler Durden
"I'm Not Racist": Musk Slams Snooty Leftist Interviewer, Says "I Support The Normal People"
"I'm Not Racist": Musk Slams Snooty Leftist Interviewer, Says "I Support The Normal People"
Authored by Steve Watson via Modernity News,
During a terse exchange, Elon Musk told the virulently leftist editor-in-chief of The Economist that civil war in Britain is inevitable on current trends - driven by rapid migration of people whose beliefs clash with Western civilisation.
In response, Zanny Minton Beddoes accused Musk of supporting the "far right," and amplifying racists.
Musk called the coming confrontation a "reckoning," rejected the racist smear, and turned the tables on an interviewer determined...
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