AI Boom Fuels Innovative Lending: The Rise Of GPU-Backed Loans
In May 2023, Wall Street, led by Blackstone, raised $7.5 billion for CoreWeave, a startup owning AI chips and data center equipment, marking the rise of GPU-backed loans amid the AI boom. Authored by Douglas French via The Mises Institute, In an innovative twist on collateral lending, AI chips have emerged as the latest valuable […]
How Legalizing Marijuana Turned California Into A War Zone
Six years after California legalized marijuana, violence continues to escalate, with six men murdered in the Mojave Desert earlier this year and seven killed at an illegal pot operation in Riverside County in 2020. Six years after California legalized marijuana, the bodies keep piling up. Earlier this year, six men were murdered in the Mojave […]
Archbishop Carlo Maria Viganò’s Trial: The Scandal Rocking the Vatican
Archbishop Carlo Maria Viganò, once a Vatican envoy in the U.S., finds himself at the center of a gripping Vatican trial this week. Accused of sparking division by challenging Pope Francis and rejecting key Church reforms, Viganò’s journey from outspoken diplomat to polarizing figure has captivated global attention. His bold accusations of Vatican corruption and […]
Boeing 737 Makes Emergency Landing In India After Engine Fire
Recently, Malaysia Airlines reported that a Boeing 737-800 was forced to conduct an emergency landing at Rajiv Gandhi International Airport in Hyderabad, India after one of its engines caught fire shortly after takeoff on Thursday. An engine failure forced a Boeing 737-800 to make an emergency landing soon after takeoff, Malaysia Airlines revealed to the […]
US Auto Industry In Crisis After Cyber Attack Targets Major Dealership Software Company
The US auto industry faces a crisis as CDK Global, a key dealership software provider, suffered a major cyber attack on June 19th, impacting over 15,000 dealerships nationwide. On Thursday, the US-based company that provides software for managing sales and services to thousands of car dealerships reported another cyber interruption that affected both new and […]
Inside L.A.’s Controversial $600K Homeless Housing Tower
L.A.’s controversial $600K homeless housing tower, the Weingart Tower, boasting 278 units, is set to open as the city’s largest permanent supportive housing project on Skid Row. The high-rise includes amenities like a gym, art and music rooms, and is funded by taxpayers and state housing funds. The 278 homeless units in Weingart Tower will […]
Red Sea Chaos: Houthis Sink Ships, Send Shipping Costs Skyrocketing
Red Sea chaos escalated recently as Houthi rebels sank the dry-bulk freighter Tutor using a kamikaze drone boat, sending commercial shipping costs soaring. Insurance rates for vessels now reach 6% of their value, impacting global containerized freight and port operations. Iran-supported Gulf of Aden, the vital Bab el-Mandeb chokepoint, and commercial ships in the southern […]
How The US Spent A Billion Dollars Fighting The Houthis…And Lost
Last December, the Pentagon launched Operation Prosperity Guardian, a joint US/UK mission to secure Red Sea shipping from Yemeni Houthi disruption. Despite spending over a billion dollars, the mission failed. Why does it seem the Pentagon is far better at spending money than actually putting together a successful operation? The failed “Operation Prosperity Guardian” and […]
From Which Countries Most Hajj Pilgrims Come From
In 2023, nearly 1.8 million pilgrims performed the Hajj, approaching pre-pandemic levels. Indonesia issued the most non-domestic pilgrim visas at 229,000, followed by Pakistan and India. Saudi officials predict over two million pilgrims in 2024. In 2023, almost 1.8 million people performed the Hajj, almost back to pre-pandemic levels. Officials from Saudi Arabia predict that […]
List Of World’s Most Competitive Economies – US Drops Out Of Top 10 For First Time Ever
The 2024 World Competitiveness Ranking by the International Institute for Management Development (IMD), released on Tuesday, highlights Singapore, Switzerland, and Denmark as the world’s most competitive economies, while the US dropped out of the top 10 for the first time. According to the International Institute for Management Development’s (IMD) 2024 World Competitiveness Ranking, which was […]