“Life felt more doable a year and a half ago,” college communications officer Holly Frew said in a Wall Street Journal interview last week.
ECONOMIC UPDATE – MARKET OVERVIEW
Today, when the U.S. equity markets opened, the Dow was down more than 100 points, the tech-heavy Nasdaq was down 1 percent and S&P 500 was down 0.7 percent.
THE FED / TREASURY MERGER. ‘A CONTROLLED DEMOLITION OF CAPITALISM AND FREE MARKETS.’
The Fed and US Treasury have put themselves in a position of ENORMOUS power. Here, I want to break it down for you.
THE AMERICAN MIDDLE CLASS IS BURNED OUT
“Life felt more doable a year and a half ago,” college communications officer Holly Frew said in a Wall Street Journal interview last week.
TECHNOCRACY BRIEFS: NYT CATCHES ON TO MIND-VASION
Both The New York Times and The New York Times Magazine have put out recent pieces on how invasive AI technologies are coming for the sanctuary of human minds and thoughts.
HUMAN RIGHTS WATCH: ISRAEL’S COMMITTED WAR CRIMES IN THE WEST BANK AGAINST PALESTINIANS
Israel committed war crimes during its execution of Operation Iron Wall, which led to the illegal displacement of at least 32,000 Palestinians who had been living in refugee camps and the demolition of 850 homes inside the Jenin, Tulkarem, and Nur Shams refugee camps in the northern West Bank governorates, according to a report from Human Rights Watch (HRW).
EUROPE’S ECONOMY BECOMING OBSOLETE, LAGARDE WARNS
Europe’s model of economic prosperity “is geared towards a world that is gradually disappearing,” Christine Lagarde, president of the European Central Bank (ECB), said in a 21 November keynote speech to the European Banking Congress.
Global Economy
SPOTLIGHT: BIGS GETTING BIGGER
Investment bank Goldman Sachs is poised to take a market-leading 34 percent share of the advisory services for this year’s mergers and acquisitions as measured by value, data service LSEG reported earlier this month.
STABLECOIN COULD DESTABILIZE EUROPE’S ECONOMY, ECB GOVERNOR SAYS
A U.S. run on stablecoins—a mass rush to convert them to cash—could force the European Central Bank (ECB) to change its interest rate to contain potential damage to Europe’s economy, Olaf Sleijpen, governor of the Netherlands’ central bank and a member of the ECB’s governing council, warned in a statement last week.
CRYPTO MARKET HAS LOST $1.2 TRILLION IN SIX WEEKS
From 7 October through 18 November, investors yanked $1.2 trillion out of the crypto market as their concerns rose over the short-term future of risky assets.
The Israel War
GAZA DEATH TOLL
Gaza’s Ministry of Health announced Sunday that a total of 69,756 Palestinians have been killed inside the enclave since the start of the war and 170,946 have been injured.
GHF TO END ITS WORK IN GAZA, HAND OVER JOB TO NEW INTERNATIONAL FORCE
The controversial Gaza Humanitarian Foundation announced Monday that it will wrap up its work inside Gaza and that it will hand over operations to the international security force that will be taking over under U.S. President Donald Trump’s peace plan for the enclave.
U.S. GETS TO WORK ON DE FACTO PARTITION OF GAZA UNDER THE AUSPICES OF A ‘GREEN ZONE’
Israel’s so-called Yellow Line is now turning into a “Green Zone” that will essentially divide Gaza in half, allowing Palestinians to live in newly built villages under Israeli rule, while those who reject such a proposal would be forced to live in Gaza’s west, that will not be rebuilt as long as Hamas does not disarm.
Trends in AI
BEZOS’S NEW JOB: GUIDING PROJECT PROMETHEUS
As an encore career after leaving Amazon in 2021, Jeff Bezos has formed Project Prometheus, named for the figure in Greek mythology who brought fire and the arts of civilization from the gods to humanity.
MORE CIRCULAR INVESTMENTS: NVIDIA, MICROSOFT INVEST IN ANTHROPIC
Nvidia has committed as much as $10 billion and Microsoft up to $5 billion to Anthropic, the young AI company that makes the Claude platform. In return, Anthropic has pledged to spend $30 billion using Microsoft’s cloud services that, almost certainly, will be powered by Nvidia’s chips.
JPMORGAN AIMS TO BECOME THE WORLD’S FIRST FULLY AI-BASED MEGABANK
JPMorgan Chase, the world’s richest bank by market capitalization, is being “fundamentally rewired” to take the greatest possible advantage of AI, chief data analytics officer Derek Waldron said in a CNBC interview.
Hi-Tech Science
SOLID-STATE SODIUM EV BATTERY COULD BE CHEAPER, LAST LONGER
A new solid-state sodium battery could do away with the need for lithium in electric vehicle (EV) batteries, making power packs both cheaper and safer without sacrificing the amount of charge a battery pack can hold.
COMPOUND IN COMMON FOODS CAN REJUVENATE IMMUNE SYSTEMS
The human immune system weakens as we age—but maybe not if we eat pomegranates and walnuts.
HONDA REINVENTS THE CAR FRAME
Automotive engineers have spent the last century attempting to make car frames stiffer.
العربية
简体中文
Nederlands
English
Français
Deutsch
עִבְרִית
Italiano
日本語
한국어
Latin
Polski
Português
Русский
Español
ไทย
Türkçe
Українська
Tiếng Việt
