D

Qatar realizing they gave Trump a $400M Boeing jet just to be used as human shields.

A dude who surrounds himself with only yes-men is impressed with his powers of persuasion. LOL

JUST IN: Jim Cramer says now is not like 2007

I find it hard not to have as a central scenario where oil prices will remain very high for a long time, higher than the market current prices. I am no expert on geo-politics and defense technology, but this is what I think I have learned: Fully protecting ships in the strait of Hormuz is basically impossible. Not enough time to stop missiles or drones. There is no reason, whether or not Trump declares that war is over, to think that Iran will not continue for some time to threaten to destroy the ships that try. Why should they stop? The risk will thus remain sufficiently high that most non Iranian ships will not take the risk. Thus, the shortfall of 20 million barrels a day is likely to last for long. The scope for increased supply from elsewhere is very limited in the short run. Perhaps 2 million barrels at the most. The 400 million barrels reserve release can only add 3-4 million barrels or so daily. The short run elasticity of demand for oil is very low, at most -0.1, and probably less. This suggests to me prices closer to 150-200 dollars per barrel (or more, but I hesitate to give higher numbers…) than to the current market price. To repeat. I am no expert (As an economist, I have a bit more sense about the next step, namely what such a price would to the world economy). I would be more than happy to be proven wrong.

The Onion doesn't miss.

We are sending our kids to school to memorize facts that AI can retrieve in 0.3 seconds. We're grading them on essays that AI writes better than their teachers. We're preparing them for jobs that won't exist by the time they graduate. The entire education system is training humans to compete with machines at what machines do best. That's not education. That's sabotage. The schools that survive will teach thinking, not memorizing. Creating, not repeating. Discerning, not obeying. Every other school is a museum that doesn't know it yet.

i used to have this mental illness where i thought logical arguments would change someone's mind

Crypto investors trying to avoid the draft

LeBron never did that

Today’s military strikes on Iran — carried out by the United States and Israel — mark a catastrophic escalation in an illegal war of aggression. Bombing cities. Killing civilians. Opening a new theater of war.  Americans do not want this. They do not want another war in pursuit of regime change. They want relief from the affordability crisis. They want peace. I am focused on making sure that every New Yorker is safe. I have been in contact with our Police Commissioner and emergency management officials. We are taking proactive steps, including increasing coordination across agencies and enhancing patrols of sensitive locations out of an abundance of caution. Additionally, I want to speak directly to Iranian New Yorkers: you are part of the fabric of this city — you are our neighbors, small business owners, students, artists, workers, and community leaders. You will be safe here.

"Trump directs government to release UFO files"