Trump Says Dept. of Interior Will Build Golf Course in D.C.

Ahead of America’s 250th anniversary, Donald Trump has diverted a significant chunk of government resources toward the supposed beautification of the nation’s capital. He “fixed” fountains,  gilded statues in his favorite shade of gold, and planned self-aggrandizing monuments. Now, with the semiquincentennial only a few days away, it’s clear the president’s year of lavish renovation…

Trump Says Dept. of Interior Will Build Golf Course in D.C.

Delcy Rodríguez’s Venezuela is in such dire straits she can’t afford to reject aid from either friends or foes

Four hours after powerful earthquakes devastated parts of Venezuela’s northern coast and the capital of Caracas, El Salvador’s President Nayib Bukele announced on X that he had offered aid to the Venezuelan government to help deal with the aftermath of the tragedy. Ninety minutes later, Venezuela’s acting President Delcy Rodríguez retweeted the message from the…

Delcy Rodríguez’s Venezuela is in such dire straits she can’t afford to reject aid from either friends or foes

Bank of International Settlements Warns That AI Crash Could Produce Investment Drought, Economic Contraction and Even a Crisis

Warnings from the Bank of International Settlements, even though written in dry economese, are worth heeding. It was the BIS, specifically Willam White and Claudio Borio, who identified dangerously elevated housing prices in many markets. Alan Greenspan pooh poohed their concerns. Better credentialed economist similarly dismissed White and Borio because all they had was empirical…

Bank of International Settlements Warns That AI Crash Could Produce Investment Drought, Economic Contraction and Even a Crisis