Why Oil Futures Dropped Below Zero for the First Time Ever
In an extraordinary turn of events, oil futures plummeted below zero for the first time in history, highlighting the devastating economic consequences of the coronavirus pandemic. The sharp decline occurred as traders scrambled to avoid taking physical delivery of crude…
Small Business Owners Sue Major Banks Over Alleged PPP Loan Bias
Small business owners are suing several major banks, including Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo, accusing the financial institutions of unfairly prioritizing larger loan applications under the Paycheck Protection Program (PPP). The plaintiffs allege that the…
Why the Russian Navy is Retiring Two of Its Most Powerful Surface Combat Ships
The Russian Navy is facing a critical decision regarding two of its most formidable surface combatants—the Kirov Class battlecruisers. These behemoths, weighing in at 28,000 tons each, represent the largest class of surface combat ships in the world. Equipped with…
Supporting Joint Warfighting with Mission-Level Simulations
In today’s era of rapidly advancing military technology, the United States faces unprecedented challenges. American military supremacy, long assured, is now in jeopardy due to credible threats from peer nations like China and Russia. To counter these emerging threats and…
JPMorgan CEO Jamie Dimon Undergoes Emergency Heart Surgery
JPMorgan Chase announced that Chief Executive Officer Jamie Dimon has undergone emergency heart surgery after experiencing an acute aortic dissection. The serious condition, which involves a tear in the aorta, was detected early, and the surgery was successful. Dimon, 63,…
Elon Musk: Bringing the Culture Wars to AI
It was inevitable that artificial intelligence (AI) would become the latest battleground in the culture wars. Since the debut of ChatGPT in late 2022, Elon Musk has been vocal on social media about his concerns over what he calls “Woke…
Jack Welch, Legendary GE CEO, Dies at 84
Jack Welch, the business mogul who transformed General Electric (GE) into one of the world’s most influential companies, passed away at 84. His death, confirmed by CNBC on Monday, was a profound moment for the business world that had long…
How Can Negotiations Bring Wars to an End?
The peace agreement between the United States and the Taliban raises critical questions, chief among them: why did it take so long? Both sides knew a decisive victory was unattainable, and the framework for a negotiated settlement had been visible…
From Deception to Attrition: AI and the Changing Face of Warfare
In his classic work The Defense of Duffer’s Drift, Ernest Swinton taught generations of military professionals key lessons in strategy through the dreams of Lieutenant Backsight Forethought, who learned from his mistakes in defending a river crossing during the Boer…
Big Business Backs Carbon Tax: A Viable Solution to Climate Change?
A growing coalition of major corporations has joined the call for a carbon tax to combat climate change, with financial giant J.P. Morgan Chase & Co. adding its voice this week. The endorsement is part of an effort led by…
Warren Buffett Divests from Newspaper Industry After Declaring It ‘Toast’
Warren Buffett is officially exiting the newspaper business, a sector that he once saw as a promising investment. Berkshire Hathaway Inc., his conglomerate, has agreed to sell its BH Media Group, which owns 30 daily newspapers, to Lee Enterprises Inc….
Huawei Among 20 Chinese Companies Identified by Pentagon as Linked to China’s Military
In a significant move, the U.S. Department of Defense has added Huawei Technologies and Hangzhou Hikvision Digital Technology to a list of 20 companies it claims are either owned or controlled by China’s military. This action could trigger new sanctions,…