We are conditioned to accept the content of our beliefs. Let me give you an example.
ECONOMIC UPDATE
There are two major forces driving the equity markets, the Iran War and the AI boom.
SPOTLIGHT: PRIVATE CREDIT FUNDS’ PROBLEMS MOUNT
Like high-flying special-purpose acquisition companies, which were a fad in 2021 and 2022, the private credit industry’s heyday is over for the near future.
NEARLY 70 PERCENT OF AMERICANS WANT THE IRAN WAR TO END AS SOON AS POSSIBLE, SURVEY FINDS
A newly released The Economist/YouGov poll found that 68 percent of Americans believe that the Trump administration should end the Iran War as soon as possible, and that 60 percent of those polled say they oppose the war.
WE ARE INSIDE A FULL-SPECTRUM CRISIS. AND THIS IS WHAT’S NEXT
Global oil inventories risk has reached critical low levels before peak summer demand.
GEN Z REVOLUTION: INDIA’S ‘COCKROACH’ PARTY GETS SERIOUS, TAKES AIM AT PUBLIC EXAMS
India’s Cockroach Janta Party, which was created last month by a postgraduate student who resides in Massachusetts and has gained a massive online following, said it will focus its attention on the country’s public testing, which has been accused of being in “shambles.”
EUROZONE ECONOMY CONTRACTED IN FIRST QUARTER
Declines in economic output by France and Ireland in this year’s first quarter dragged the 21-country Eurozone economy into a 0.2-percent contraction for the period.
Global Economy
FOREIGN FIRMS USE INDIA’S STOCK MARKET TO RAISE CASH TO SEND HOME
Foreign companies have lined up to list themselves on India’s roaring market for initial public stock offerings.
HEDGE FUNDS BET THAT AI WILL WIPE OUT OUTSOURCING COMPANIES
Publicly traded companies operating call centers, doing telemarketing, and providing similar services to client businesses are doomed by AI, hedge funds are betting.
SOUTH KOREA IS WORLD ECONOMY’S SWEET SPOT
South Korea’s manufacturing expertise in computer chips, ships, and military equipment have made it the global economy’s sweet spot.
U.S. Economy
ARIZONA FIGHTS OVER WHO PAYS AI’S MASSIVE ELECTRIC BILL
The greater Phoenix area in Arizona has predictable weather and limited risk of floods, wildfires, or tornadoes.
HYBRID VEHICLE SALES IN U.S. JUMP 33 PERCENT IN MAY
Sales of hybrid cars and passenger trucks, which run on both gasoline and battery power, shot up 33 percent in May, year on year, as gas prices stuck above $4 a gallon and drove American consumers to look for alternatives.
PROMISED MANUFACTURING “RENAISSANCE” HAS YET TO APPEAR IN THE U.S.
Despite a tariff war, two tax cuts, and pressure on domestic and foreign companies to build factories in the U.S., President Donald Trump’s promised “manufacturing renaissance” in the U.S. has failed to materialize.
The Iran War
TRUMP TELLS REPORTERS THAT DEAL TO END WAR IS NEAR AFTER ISRAEL IGNORES HIS PUBLIC REQUEST NOT TO STRIKE IRAN
President Donald Trump told reporters late Monday that he believes a deal to end the Iran War could be “two to three” days away, and that the agreement would “immediately” reopen the Strait of Hormuz.
IRAN SAYS ISRAEL MUST WITHDRAW FROM LEBANON TO END WAR WITH U.S.
Abbas Aragchi, Iran’s top diplomat, said any deal between the U.S and Tehran to end the war must include Israel agreeing to withdraw IDF troops out of Lebanon that have been occupying.
IRAN REJECTS CEASEFIRE THAT DOES NOT END WAR ON ALL FRONTS
The Islamic Revolution Guards Corps (IRGC) said Thursday that any permanent end to the war against Israel and the U.S. would need to end the fighting on all fronts, which includes Lebanon.
Hi-Tech Science
COOLING METHOD WOULD CUT AI DATA CENTERS’ ENERGY USE 95 PERCENT
Last year, AI data centers burned more energy to cool their chips than Sweden uses in a year. Now a new cooling method could cut that figure by as much as 95 percent.
NASAL SPRAY REVERSED BRAIN AGING IN A MOUSE EXPERIMENT
Brain fog, forgetfulness, and neural deterioration as we age are helped along by, and may even be rooted in, inflammation – what gerontologists have come to call “inflammaging,” because general inflammation tends to increase with age and bring with it a host of the conditions we associate with getting older.
HOW TO HARVEST HYDROGEN WITH WASTE HEAT
Hydrogen is being touted as a fuel of the future, but it is usually made from fuel from the past.