The proposed bailout of Spirit Airlines is Trump’s worst deal yet. But in clean hands, socialized ownership sometimes makes sense.
Nvidia
Posted inTAP
Trump Loses GOP Support on China Policy
Add Republican objections to Trump’s China capitulations to the growing realm of defections from leaders of his own party.
Posted inMoney, Politics, and Power
The AI Ouroboros
Like the mythical ouroboros, the snake that eats itself, Nvidia is propping up the AI industry with circular funding deals to keep the AI bull market charging forward.
Posted inEconomic Policy
What If There’s No AGI?
The technological struggles are in some ways beside the point. The financial bet on artificial general intelligence is so big that failure could cause a depression.
Posted inEconomic Policy
When L’État C’est Trump, the U.S. Goes in for State Capitalism
It’s Trump, not Mamdani, who’s having government take over businesses.
Posted inTAP
Tariffs to Import and Fees to Export
Today on TAP: An unprecedented new revenue share on chips sold to China reveals Donald Trump’s economics of control.
Posted inTAP
Another Trump Sellout to China and Big Tech
Today on TAP: The administration reverses long-standing controls on sales of advanced AI chips to Beijing.
Posted inMoney, Politics, and Power
Rahm Emanuel’s Suspiciously Timed Stock Trades
Multiple transactions seem tied to specific activity undertaken while the possible DNC chair candidate was U.S. ambassador to Japan.
Posted inLaw and Justice
Lawsuit Claims Nvidia-Microsoft Cartel to Wall Off Competition
Xockets, a company that created key architecture to power AI, alleges its patents were infringed upon and it was blocked by Big Tech from getting a fair price for its technology.
Posted inEconomic Policy
Will Panic on Wall Street Convince Jerome Powell to Do His Job?
The Federal Reserve should have cut rates months ago. Now it might be too late.