The whole economy has been pumped up by unsustainable investment in AI. The unwinding will not be pretty—and could be catastrophic.

Cut through the noise of daily news with in-depth, progressive analysis.

Cut through the noise of daily news with in-depth, progressive analysis.

Unfortunately, author William Cohan thinks the ousted Apollo co-founder is fascinating enough to quote him at length, while neglecting the impact of private equity predators.

Companies like Starwood Capital Group, which benefited greatly from financial assistance during the COVID-19 pandemic, want a federal bailout on top of that.

States giveth corporations the right to exist, so the states can taketh away their political spending power—or at least, Hawaii and Montana are trying.

Interest rates have been bid up because a large percentage of private-sector borrowing has been by AI companies and their tech allies. If there is a sudden AI pullback, that borrowing will diminish, ...

An appeals court made clear deportation flights to third countries must stop immediately, but flight data showed ICE may be violating the order.

Not in the streets so much, but in ads and statements from Republicans trying to salvage their doomed election campaigns. The key here is that on everything that matters, Trump and Republicans in ...

Oracle chairman Larry Ellison speaks in the Roosevelt Room at the White House as President Trump stands by, January 21, 2025. Credit: Julia Demaree Nikhinson/AP Photo. This article originally appeared ...