Category «Economy»

The Tokenpocalypse Is Here: Companies Are Scrambling To Stop Spending So Much on AI

404 Media: “Consulting giant Accenture is trying to figure out how to stop non-technical workers from blowing through companies’ AI token budget on trivial tasks like converting PDFs to presentation slides, according to leaked audio obtained by 404 Media. Across the industry Accenture is seeing “soaring token spend,” according to the audio. The news highlights …

Subjects: AI, Economy, Financial System

The Rolling Coup

The Nation – Unless we begin to act, our democracy will likely be destroyed. Richard Gephardt and Timothy Wirth: “We believe that in the United States of America today we are in the middle of a “rolling coup.” Our democracy’s avowed commitments to social justice, the empowerment of all citizens, a more equitable economy, the …

Subjects: Censorship, Civil Liberties, Congress, Economy, Financial System, Free Speech, Legal Research

Treasury Department waives 40 years of Iranian oil sanctions

Yet another example of government conducted on social media, X, owned by Elon Musk, via a posting by Treasury Secretary Scott Bessent, with the State Department completely absent. No American diplomats, translators, subject matter experts….just Kushner, Witcoff, Vance….and who else? This is the document posted on the OFAC site. And several notes – this waiver …

Subjects: Economy, Energy, Financial System, Government Documents, Legal Research, Social Media

ICE Appears to Be Buying Immigrants’ Tax Identifiers from a Data Broker

404 Media [no paywall]: “Immigration and Customs Enforcement (ICE) appears to be purchasing records related to immigrants’ tax identifiers from a data broker, potentially skirting a court order that banned ICE from sourcing such information, according to Senator Ron Wyden and government procurement records reviewed by 404 Media. The contract, worth nearly $10 million, is …

Subjects: Censorship, Civil Liberties, E-Records, Economy, Financial System, Government Documents, Legal Research

Trump OMB Shifted Secret Service Funds to Build His Ballroom

NOTUS – Records show that the White House Office of Management and Budget last week quietly apportioned $352 million from Trump’s tax cuts law, the One Big Beautiful Bill Act, for “White House Security Measures.” The tax law, which passed with Republican-only votes last summer before Trump tore down the East Wing of the White …

Subjects: Congress, Courts, Economy, Financial System, Government Documents, Legal Research

AI reshapes global labour market into two distinct paths, rewarding human skills

PwC 2026 Global AI Jobs Barometer AI is creating a ‘two-track’ labour market: ‘professionalised’ roles (in which AI acts like a force multiplier for experts, requiring more human-intensive skills) see greater growth across headcount and wages than ‘democratised’ roles (in which AI makes the role itself easier for non-experts to perform) Companies most able to …

Subjects: AI, Economy, Education

What We Know About Billionaire Peter Thiel’s Secret ‘Dialog’ Society

Forbes: “A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundreds of global leaders, business executives and billionaires belong. The documents, examined and revealed by Wired this week, show Thiel and investor Auren Hoffman …

Subjects: Congress, Economy, Financial System

How many Americans are using AI and how?

USAFacts: “35% of American households are using AI to find information. 14% of people trust that information. New Census Bureau data shows that 57% of Americans have used AI tools to search, brainstorm, complete work or school tasks, and more. Forty-two percent of respondents reported a productivity boost, though the responses also show concern with …

Subjects: AI, Economy, Education, Government Documents, Health Care, Internet

Analysis of Trump’s Iran MOU

WSJ no paywall [click the down arrow in the lower right hand corner of the page]: “A senior Trump administration official read out President Trump’s memorandum of understanding to reopen the Strait of Hormuz and wind down the war with Iran in exchange for financial incentives for Tehran that will begin immediately. Another official, speaking …

Subjects: AI, Congress, Defense, Economy, Energy, Financial System, Government Documents, Legal Research

Data Centers Exposed

“Some of you saw a thing I built earlier this year called Epstein Exposed. It was an attempt to make the Epstein files actually searchable instead of 2 million scanned pages nobody could use….I went looking for the next pile of public records nobody had bothered to make searchable. I found it on a drive, …

Subjects: AI, Economy, Energy, Environmental Law, Financial System, Health Care, Internet, Legal Research, Search Engines