When central banks lower rates, borrowing becomes easy and cheap. Governments, corporations, and consumers pile on debt.
Author: admin (Kendrick Williams)
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THE ENDPOINT OF TECHNOCRACY
OpenAI’s Sam Altman says humans will soon live with a 24/7 AI companion. Meta CEO Mark Zuckerberg is betting people will wear it as part of an augmented reality experience in some version of AR “smart” glasses that will supplant smartphones.
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AFTER BOMBING IRAN, TRUMP SELLS HIMSELF AS PEACEMAKER AT NATO SUMMIT
The world’s a stage and U.S. President Donald Trump is the reality show master.
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TRUMP APPROVES $510M SALE OF BOMB GUIDANCE KITS TO ISRAEL TO REPLENISH STOCKPILE AFTER WAR WITH IRAN
The U.S. on Monday announced the approval of $510 million in bomb guidance kit sales to Israel to help it replenish its stockpile after the recent war with Iran.
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RUSSIA TAKES LITHIUM DEPOSITS FROM DONETSK THAT WOULD HAVE BEEN PART OF MINERALS DEAL WITH U.S.
Russian forces now control a vast lithium deposit in the eastern part of Ukraine, which would have been used in the minerals deal that was reached between Kyiv and the Trump administration that sees the alkali metal as a top priority for national security in the future.
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RUSSIA SAYS IT IS IN CONTROL OF LUHANSK REGION AS IT CONTINUES TO SEE NEW BATTLEFIELD GAINS
The Russian military now completely occupies the entire Luhansk region in Ukraine, the Associated Press reported on Monday, citing Leonid Pasechnik, the Kremlin-installed leader in the region.
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TESLA’S EUROPEAN SALES TUMBLE AGAIN IN MAY
In May, Tesla’s vehicle sales across Europe and the U.K. totaled just 13,863 units, down 28 percent year on year, the European Automobile Manufacturers Association reported.
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STABLECOINS FAIL KEY SAFETY TESTS, CENTRAL BANKS GROUP SAYS
Stablecoins currently “perform badly” on three key safety tests that would allow them to be used as currency, according to an analysis by the Bank for International Settlements (BIS), an organization serving the world’s central banks.
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GERMAN CONSUMER SENTIMENT SAGS
Households in Europe’s largest economy are feeling less confident about the country’s current economy, according to the newest consumer sentiment survey by thinktank GfK and the Nuremberg Institute for Market Decisions (NIMD).