Warsh faces similar trap to the one that led to huge inflation in 2022

"New Form of Imperialism": Renowned U.N. Scientist on AI Boom's Huge Water, Carbon & Land Footprint

The environmental toll of the artificial intelligence boom continues to mount as tech companies use ever more power to run their data centers and use enormous amounts of water for cooling. A new investigation by U.N. scientists warns that AI’s water use in 2030 will match the needs of 1.3 billion people, while its power use will be triple that of Pakistan, Bangladesh and Nigeria combined — countries with a total population of 650 million. “Most people understand AI as a digital technology, as a virtual thing, as something that is in the clouds,” says Iranian environmental scientist Kaveh Madani, director of the United Nations University Institute for Water, Environment and Health. “What we tried to do in this report was to remind people that there’s some physics to all of this.”

For Warsh as Fed chair, silence may be the point

Kevin Warsh will hold his first Fed meeting, giving markets the first public look at how he'll communicate as chair of the Federal Reserve.

Mauricio Pochettino only has one measure of success for USMNT at World Cup

The United States is not hosting the 2026 World Cup to get out of their group. 

Britain Goes Full Airstrip One

Trump Says “I Love Inflation” as Americans Face Highest Rate in 3 Years

Trump claims ending the Iran War will curb inflation, but several questions remain — including when the war will end.

Anti-Weaponization Fund Faces Uncertainty As Peter Ticktin Continues Building A Civil Litigation Effort For January 6 Defendants

When the Department of Justice announced the creation of a $1.776 billion Anti-Weaponization Fund, many former January 6 defendants saw what they believed was the first meaningful opportunity for compensation and accountability after years of legal battles, financial hardship, and personal upheaval. The post Anti-Weaponization Fund Faces Uncertainty As Peter Ticktin Continues Building A Civil Litigation Effort For January 6 Defendants appeared first on The Gateway Pundit.

Iran war inflation drives European Central Bank to become first to raise interest rates

The European Central Bank became the first central bank to raise interest rates over inflation brought by the war with Iran. The bank announced on Thursday that it was raising three key ECB interest rates by 25 basis points to keep inflation under control at 2% in the medium term. The ECB was a natural […]

Big Oil execs 'doing everything they can' to warn Trump of inflation surge

Inflation is primed to become catastrophically worse in one of the most important sectors, and according to The Washington Post, executives are still "doing everything they can" to get that fact across to President Donald Trump before it is too late.As the Post laid out in a Thursday report, executives in the oil industry are sounding the alarm about prices at the pump shooting up to a degree even higher than they already have, and are working to make sure Trump hears those warnings as he attempts to negotiate a deal with Iran to reopen the Strait of Hormuz."Oil and gas executives have warned the White House that gasoline prices could surge in the coming months as fuel inventories fall to critical lows, complicating the Trump administration’s efforts to contain inflation that has already rattled American consumers," the report detailed.It continued: "Industry officials say they are doing everything they can to sound an alarm that prices are about to soar as the commercial and government inventories that have mitigated price rises so far are rapidly depleting, according to multiple people familiar with the conversations, who spoke on the condition of anonymity for fear of retaliation from the administration. Some inventories could be wiped out within weeks, the executives have warned, coinciding with the peak summer travel season."While the dwindling shipments out of the Gulf States has so far caused gas prices to increase well over $1 on average across the U.S., if the key shipping route remains closed or unsafe for much longer, it will quickly reach the point where stockpiles begin to reach critical levels. At that point, prices will potentially increase to astronomical levels, and gas rationing might also have to be implemented.For the time being, some of the sources that the Post spoke to are trying to remain optimistic. “I have absolutely no doubt the White House — from the president on down — is fully aware of the nearly universal alarm among oil companies and analysts about the direction of travel for oil prices this summer,” Bob McNally, a former energy adviser under George W. Bush and founder of the research firm, Rapidan Energy Group, said in a statement to the outlet.“We’re sounding the alarm on these inventories going to record lows,” American Petroleum Institute CEO Mike Sommers said during an appearance on a Fox Business show that Trump is known to watch. “We should be concerned about what prices we’re going to see over the next few weeks. We have to solve this problem in the Strait of Hormuz.”