Federal Courts To Scale Back Operations As Shutdown Exhausts Funds With the government shutdown about to enter its third week, the federal court system announced Friday that it will begin operating in a limited, unpaid capacity starting Monday – having exhausted the last of the court fees and other stopgap funds that had kept its doors open since Oct. 1. Los Angeles Federal Courthouse (Bryan Chan,  LA Times) In a statement, the […]

Ray Dalio Explains Why Gold & Why Now… Bridgewater Associates founder Ray Dalio stated on Friday that gold has started replacing some U.S. Treasury holdings as the riskless asset for investors, amid a continued surge in the yellow metal’s prices. This comes after he said investors should allocate as much as 15% of their portfolios to gold even as the precious metal surged to new all-time highs this week. “Gold is a […]

Texas Governor To Deploy National Guard To Austin’s ‘No Kings’ Protest Authored by Darlene McCormick Sanchez via The Epoch Times, Texas Gov. Greg Abbott is deploying the Texas National Guard and state troopers to Austin ahead of a planned “No Kings” protest Saturday. The governor in a post on X described the protest as “Antifa-linked.” He didn’t say how Antifa is connected to the scheduled protest. Antifa is a […]

Trump Commutes Sentence Of Former Rep. George Santos; Savages ‘Da Nang Dick’ Blumenthal Former Rep. George Santos reported to prison in late July to serve an 87-month sentence. The sentence followed his unprecedented expulsion from the House before a criminal conviction. President Trump on Friday commuted the more than seven-year prison sentence of Santos for fraud and identity theft, ordering his immediate release. Santos […]

Can Diet-Changes Really Transform ADHD? One Family’s Remarkable Discovery Authored by Amy Denney via The Epoch Times (emphasis ours), In the most unexpected way, Jenny Dunlap stumbled upon a solution for her oldest son’s attention deficit hyperactivity disorder (ADHD). Halfpoint/Shutterstock When her youngest child was diagnosed with Type 1 diabetes, Dunlap’s whole family stopped eating sugar and grains. By eliminating these […]

DOE Unveils National Roadmap To Deliver Commercial Fusion Power By Mid-2030s The U.S. Department of Energy has released its Fusion Science and Technology Roadmap, a national strategy to fast-track the development and commercialization of fusion energy on what it calls “the most rapid, responsible timeline in history.” The plan outlines the department’s Build–Innovate–Grow strategy, aligning federal investment with […]

The Decline Of Boys Participating In Youth Sports Has Led To A Generation Of Soft & Isolated Young Men Authored by David Keltz via American Greatness, The kids are not alright. Youth sport participation among boys in the United States has been declining rapidly over the past ten years. The cancellation of sports seasons during the unscientific and draconian COVID lockdowns has only exacerbated this devastating trend. […]

Head Of Russia’s Sovereign Wealth Fund Pitches “Putin-Trump” Undersea Tunnel Linking Russia-US President Trump confirmed a “very productive” phone call with Russian President Putin on Thursday, according to a post on Truth Social. The two leaders are now expected to meet in the near term in Budapest, Hungary, with discussions centered on potential pathways to end the war in Ukraine. Trump’s latest threat to supply Ukraine with […]

US Masses 10,000 Troops Near Venezuela, A Top Admiral Resigns Authored by Mike Shedlock via MishTalk.com, Are we going to invade? “We are certainly looking at land now,” said Trump. Head of the U.S. Military’s Southern Command Resigns The New York Times reports Head of the U.S. Military’s Southern Command Is Stepping Down The officer, Adm. Alvin Holsey, is leaving his job as head of the U.S. Southern Command, which […]

First Arrests Hint At How Billions In California Homeless Dollars Vanished Without A Trace on Newsom’s Watch Authored by Victoria Taft via PJMedia.com, With the arrests and federal indictments of two California men announced on Thursday, we’re now getting an idea of how California’s billions of dollars to “end homelessness” vanished without a trace. Instead of helping to solve the problem of rampant tent encampments filled with […]

“Fueled By Billionaires”: No Kings Prepares Color-Revolution-Style Mobilization Against Trump The Democratic Party’s dark-money NGO network, bankrolled by left-wing billionaires, is reportedly preparing to activate a coordinated, color-revolution-style mobilization across the U.S. this weekend – a replay of failed agitation attempts seen earlier this year targeting President Trump and Elon Musk. The operation, marketed under […]

NANO Nuclear To Begin Drilling for KRONOS Microreactor At University of Illinois Amid a broader shift to advanced nuclear energy which we have been documenting for the past 18 months, NANO Nuclear Energy announced a major step in developing its KRONOS micro modular reactor (MMR), confirming that geotechnical drilling and site characterization with its development partner, the University of Illinois Urbana-Champaign, will begin on […]

Insurrection Anyone? Authored by James Howard Kunstler, “Friday is a perfect day to indict Schifty!” – Svetlana Lokhova Tomorrow, Saturday, October 18, you might have heard, is this year’s culminating “No Kings” protest demo all over land. We’ve been to a couple of these curious spectacles since springtime here in the Hudson River Valley, in the next town over. The crowd there was just about entirely made up of aging […]

Dear Mr. President, Americans Don’t Care Who Owns Donetsk, So Why Risk WW3 By Sending Tomahawks? Poll after poll has shown that the overwhelming majority of Americans reject direct US military involvement in Ukraine – such as sending troops or other actions which could constitute the start of direct conflict with nuclear-armed Russia. The reality also remains that most Americans can’t find Donetsk, Kherson, Luhansk and Zaporizhzhia […]

The Bizarre Bankruptcy At The Heart Of This Week’s Regional Bank Meltdown As we highlighted in our regional bank meltdown summary post, there was a common theme between the two banks that got hammered yesterday, ZION and WAL: a single bankrupt counterparty that led to bad debt impairments at both banks. Now, thanks to Bloomberg, we can identify who that counterparty was.  According to BBG, the bad loans reported by Zions Bancorp […]

Trump Refiles $15 Billion Defamation Lawsuit Against New York Times After Court Dismissal Authored by Aldgra Fredly via The Epoch Times (emphasis ours), President Donald Trump on Oct. 16 refiled his $15 billion defamation lawsuit against The New York Times, book publisher Penguin Random House, and three NY Times reporters after a judge’s earlier rejection of the case. The New York Times Building in New York City on Feb. 5, 2024. […]

“Literally Never Had A Job”: Highlights From Fiery NYC Mayoral Debate As Cuomo, Sliwa Bash Socialist Candidate’s Record New York City mayoral candidates Democratic nominee Zohran Mamdani, his primary opponent Andrew Cuomo, and Republican nominee Curtis Sliwa squared off on Oct. 16 in a bid for the seat that current Mayor Eric Adams is vacating in 2026. Adams dropped out of the race on Sept. 28. The debate, co-hosted by POLITICO, […]

Visualizing The Compute, Cash, & Contracts That Power OpenAI In order to train and deploy cutting-edge AI models like ChatGPT, OpenAI relies on a sprawling infrastructure network involving multiple billion-dollar entities, intricate contracts, and vast capital commitments. A new visualization from Made Visual Daily maps this infrastructure pipeline using three flows—compute, cash, and contracts—highlighting the […]

Zelensky Desperately Pitches Drones For Tomahawks At White House Update(1542ET): In a somewhat lengthy Q&A with the press, Presidents Trump and Zelensky fielded a variety of questions before starting a closed-door meeting at the White House, with each leader’s full delegations present. All eyes have been on the potential decision to transfer Tomahawks to Ukraine, but President Trump at every turn dodged the question, and did […]

Bubble Trouble: The Contrarian’s Curse…And Opportunity Authored by Riccardo Cumerlato via BondVigilantes.com, “Once upon a time, a learned man watched his friends grow rich by investing in a company that promised to revolutionise trade. Attracted by the prospect of easy riches, he joined the party, but was cautious at first, investing only small amounts. He even sold his shares for a tidy profit when he felt their price could no […]

Auto Loan Delinquencies Surge 50% As Cracks Deepen Across U.S. Credit Markets A month after bankruptcies of subprime auto lender Tricolor and auto-parts supplier First Brands, new cracks emerged in U.S. credit markets. This week, Zions and Western Alliance disclosed they were victims of loan fraud tied to funds investing in distressed commercial real estate. The revelations come amid broader credit trouble, and shifting our focus […]

US Regulators End Climate Oversight Framework For Big Banks Authored by Tom Ozimek via The Epoch Times (emphasis ours), Federal regulators will no longer require banks to spell out how they manage climate-related financial risk, following objections from officials in the Trump administration and Republican lawmakers, who said that climate policy was distorting financial regulation. A woman walks in the rain in New York City, on […]

If We Measured The Economy By Quality-Of-Life Instead Of GDP, We’d Be In A Depression Authored by Charles Hugh Smith via OfTwoMinds blog, GDP is like collecting data on passenger satisfaction with the dessert cart on the Titanic and declaring everyone is delighted as the great “unsinkable” ship settles into the icy waters of the Atlantic. That Gross Domestic Product (GDP) is an outdated and misleading metric of the economy is […]

“Outraged” Trump Refuses To Adhere To Global Carbon Tax On Shipping The United States will vote “no” to a global carbon tax proposed by the International Maritime Organization (IMO) on Oct. 17, President Donald Trump said on Truth Social. “I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax,” he said in the post on Oct. 16, urging others to reject the […]

“The World Is Changing More Rapidly Than Anyone Could Have Imagined A Few Months Ago” By Elwin de Groot, head of macro strategy at Rabobank Whatever… US equity markets extended their losses yesterday as bond yields fell on the back of a decline in US regional bank shares. The S&P index lost 0.6%, the yield on 10y UST’s dropped more than 5 basis points. The market had the finger pointed at the collapse of the subprime auto […]