Econobits.com

Saturday, May 31, 2025

Google Veo 3 AI video is dangerously lifelike, and we're not ready

https://mashable.com/article/google-veo-3-ai-video

Iran has amassed even more near weapons-grade uranium, IAEA says

https://apnews.com/article/iran-nuclear-iaea-uranium-7f6c9962c1e4199e951559096bcf5cc0

Brits warned about ‘concerning’ fungus labelled a ‘serious threat to humanity’

https://www.ladbible.com/news/uk-news/candidozyma-auris-fungus-uk-health-warning-029908-20250531

Ivy Tech will lay off over 200 employees due to Indiana budget cuts

https://www.indystar.com/story/news/education/2025/05/30/ivy-tech-lay-off-employees-indiana-budget-cuts-mike-braun-education-indianapolis-hamilton-county/83947462007/

Las Vegas may still dazzle, but its sparkle is coming at a steeper price: "No longer a bargain vacation"

https://www.cbsnews.com/news/las-vegas-tourism-inflation-steeper-price-no-longer-bargain-vacation/

China's Rare-Earth Magnet Restrictions Threaten Auto Production, Could Result In 'Shutdown Of Assembly Lines:' Report

https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report

"Learn to Code" Backfires Spectacularly as Comp-Sci Majors Suddenly Have Sky-High Unemployment

https://futurism.com/computer-science-majors-high-unemployment-rate

Friday, May 30, 2025

COVID is back - a new "NB.1.8.1" strain is spreading across continents

https://www.intellinews.com/covid-is-back-a-new-nb-1-8-1-strain-is-spreading-across-continents-383341/

Las Vegas’ Plaza brings back $125 all-inclusive deal for summer months

https://www.reviewjournal.com/business/casinos-gaming/downtown-casino-hotel-brings-back-125-all-inclusive-deal-for-summer-months-3378885/

US inflation gauge cools with little sign of tariff impact, so far

https://apnews.com/article/inflation-spending-economy-b96e94fc971045c2a50e642fa85d4397

Thursday, May 29, 2025

Fontainebleau Las Vegas lays off ‘dozens’ of dealers

https://www.reviewjournal.com/business/casinos-gaming/more-employee-cuts-on-las-vegas-strip-as-casino-lays-off-dozens-of-dealers-3378589/

Treasury Yields Climb Despite Tariffs Being Blocked, Highlighting Market's Deeper Fiscal Fears

https://www.benzinga.com/25/05/45663946/tariffs-no-tariffsyields-keep-rising-market-observers-react-as-10-year-jumps-above-45-after-court-ruling

Wednesday, May 28, 2025

Why Rising Japanese Bond Yields Could Upend Your Retirement Savings

https://www.moneytalksnews.com/why-rising-japanese-bond-yields-could-upend-your-retirement-savings/

Japan government bonds: high yields spark fears of carry trade unwind

https://www.cnbc.com/2025/05/28/japan-government-bond-yields-spark-fears-of-carry-trade-unwind.html

Cambodia reports 11-year-old boy is country's fourth bird flu death this year

https://apnews.com/article/cambodia-disease-bird-flu-health-edd42524f0d3cb4e78bf5ef78ed500db

Why Japan’s bond selloff could threaten the U.S. economy

https://qz.com/japanese-bonds-us-treasuries-global-bond-market-1851782636

Railroad giant CEO: The economy isn't booming, but it's not in a recession

https://finance.yahoo.com/news/railroad-giant-ceo-the-economy-isnt-booming-but-its-not-in-a-recession-122246198.html

Fridge-sized machine produces clean gasoline from air and CO2

Can this be true?

https://interestingengineering.com/energy/us-startup-unveils-fridge-sized-machine-that-makes-gasoline-out-of-thin-air

Tuesday, May 27, 2025

New COVID-19 strain from China that saw massive hospitalizations spike spreads to US including NYC

https://nypost.com/2025/05/27/us-news/new-covid-19-strain-from-china-that-saw-massive-hospitalizations-spike-spreads-to-us/

How US dollar doubts, risk of ‘triple whammy’ could give rise to yuan’s renaissance

https://www.scmp.com/economy/china-economy/article/3312008/how-us-dollar-doubts-risk-triple-whammy-could-give-rise-yuans-renaissance

Monday, May 26, 2025

Fed Signals Interest-Rate Cuts May Be Delayed by Tariff Threats

https://www.moneytalksnews.com/fed-signals-interest-rate-cuts-may-be-delayed-by-tariff-threats/

10-Year Yield Tops 4.55% Despite Trump's EU Tariff Delay As Bond Market Signals Fiscal Concerns

https://www.benzinga.com/markets/bonds/25/05/45604132/10-year-yield-tops-455-despite-trumps-eu-tariff-delay-as-bond-market-signals-fiscal-concerns

US children of divorce have reduced earnings, increased chances of teen births and jail, study says

https://apnews.com/article/divorce-marriage-census-bureau-childhood-aebb2c630e7132c32bd7e9c54262238f

Sunday, May 25, 2025

Fears grow as new Covid strain emerges in US after cases surge in China

https://www.standard.co.uk/news/world/covid-strain-spreads-to-us-china-asia-surge-b1229650.html

US kicking out foreign students benefits China and others

https://www.scmp.com/opinion/article/3311727/us-kicking-out-foreign-students-benefit-china-and-others

So what happens to America’s 114 billion pennies once the US stops making them?

https://www.cnn.com/2025/05/25/business/penny-what-happens-to-them

The United States is insolvent — not bankrupt, yet

https://www.reviewjournal.com/opinion/the-united-states-is-insolvent-not-bankrupt-yet-3377082/

Warning over new Covid strain spreading to US after cases surge in China

https://metro.co.uk/2025/05/25/warning-over-new-covid-strain-spreading-to-us-after-cases-surge-in-china-23241656/

Saturday, May 24, 2025

Macroscope | Money talks and Trump should pay attention to Asia’s growing bond markets

https://www.scmp.com/opinion/world-opinion/article/3311385/money-talks-and-trump-should-pay-attention-asias-bond-markets

Why are more than 300 people in the US still dying from COVID every week?

https://abcnews.go.com/Health/300-people-us-dying-covid-week/story?id=122068959

'This is just the beginning': Greenland shows Trump what rejection feels like, hands Europeans 30-year minerals deal instead

https://wegotthiscovered.com/news/this-is-just-the-beginning-greenland-shows-trump-what-rejection-feels-like-hands-europeans-30-year-minerals-deal-instead/

Friday, May 23, 2025

Japan Bonds Surge Sparks Wall Street Bear's Warning Of 'Global Armageddon,' Calls JGB Long End 'Most Important Thing' For Investors To Track

https://www.benzinga.com/markets/bonds/25/05/45583866/japan-bonds-surge-sparks-wall-street-bears-warning-of-global-armageddon-calls-jgb-long-end-most-important-thing-for-investors-to-track

New Covid variant lands in US after ripping through countries, killing some in Taiwan

https://www.the-express.com/news/health/172633/new-covid-19-variant-nb181-detected-china-us-airports

Ray Dalio Warns Investors To Be 'Afraid' Of The Bond Market, Calls America's Debt Spiral 'Very Serious'

https://www.benzinga.com/25/05/45579959/ray-dalio-warns-investors-to-be-afraid-of-the-bond-market-says-americas-debt-spiral-is-very-serious

'I wouldn't go even if it was free': Trump-era United States now paying Canadians to vacation here

https://wegotthiscovered.com/news/i-wouldnt-go-even-if-it-was-free-trump-era-united-states-now-paying-canadians-to-vacation-here/

Paul Krugman Warns Of 'Emerging-Market-Type' Crisis In US: Housing Crash, Dollar Plunge, And Stagflation Ahead?

https://www.benzinga.com/25/05/45583737/paul-krugman-warns-of-emerging-market-style-crisis-in-us-housing-crash-dollar-plunge-and-stagflation-ahead

Thursday, May 22, 2025

The Growing Disconnect Between Demands for Fiscal Discipline and Washington Spending

https://www.moneytalksnews.com/the-growing-disconnect-between-demands-for-fiscal-discipline-and-washington-spending/

Short Interest Surges Across S&P 500: Institutional Investors Bet Against Market At Scale Not Seen Since 2008

https://www.benzinga.com/markets/25/05/45560126/short-interest-surges-across-sp-500-institutional-investors-bet-against-market-at-scale-not-seen-since-2008

FDA panel debates COVID vaccine recipe as questions swirl about fall shots

https://apnews.com/article/fda-vaccines-covid-boosters-kennedy-244bdc80f825f953782d35f68798d885

Macroscope | Why time is now for America’s Asian creditors to flex their muscles

https://www.scmp.com/opinion/world-opinion/article/3311310/why-time-now-americas-asian-creditors-flex-their-muscles

Wednesday, May 21, 2025

Measles cases have now spread to 30 states

https://www.independent.co.uk/news/health/measles-cases-spread-states-texas-b2754915.html

US Bond Market Flashing Red: 30-Year Yield Tops 5%

https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows

Tuesday, May 20, 2025

Bacone College Forced to Liquidate Assets

https://www.insidehighered.com/news/institutions/minority-serving-institutions/2025/05/20/bacone-college-forced-liquidate-assets

WHO members adopt a 'pandemic agreement' to prepare for next pandemic - as America sits out

https://apnews.com/article/who-pandemic-agreement-covid-tedros-51ff7eddb83db47b869d2729a5f27a6d

China defies Trump trade war challenge with US$17.3 billion in capital inflow

https://www.scmp.com/economy/china-economy/article/3311001/china-defies-trump-trade-war-challenge-us173-billion-capital-inflow

Japanese car giant Subaru risks Trump's wrath as it hikes prices due to tariffs

https://www.dailymail.co.uk/yourmoney/article-14728945/subaru-risks-trump-wrath-hikes-prices-tariffs.html

Mortgage rates climb back above 7% after Moody's U.S. debt downgrade

https://www.cbsnews.com/news/mortgage-interest-rate-7-percent-moodys-downgrade-economy/

Monday, May 19, 2025

Ticks abundant in Indiana transmitting new diseases illnesses to people

https://www.heraldtimesonline.com/story/news/regional/2025/05/19/ticks-abundant-in-indiana-transmitting-new-diseases-illnesses-to-people/83520299007/

Sunday, May 18, 2025

Covid-19 spreading again in China with 83% of cases involving elderly

https://koreajoongangdaily.joins.com/news/2025-05-18/world/world/Covid19-spreading-again-in-China-with-83-of-cases-involving-elderly/2309962

After delay, FDA approves Novavax’s Covid-19 vaccine, but only for older people and those at high risk

https://www.cnn.com/2025/05/17/health/novavax-covid-vaccine-approval

By eroding US soft power, Trump is ceding the contest to China

https://www.scmp.com/opinion/world-opinion/article/3310052/eroding-us-soft-power-trump-ceding-contest-china

New way to turn saltwater into drinking water—No electricity required!

https://knowridge.com/2025/05/new-way-to-turn-saltwater-into-drinking-water-no-electricity-required/

If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?

https://www.gobankingrates.com/money/wealth/if-wealth-was-evenly-distributed-across-america-how-much-money-would-every-person-have/

RFK Jr.’s FDA Severely Restricts COVID Vaccine Use

https://www.thedailybeast.com/rfk-jrs-fda-severely-restricts-covid-vaccine-use/

Saturday, May 17, 2025

Scientists Tweaked LSD’s Molecular Structure and Created a Wild New Brain Drug

https://futurism.com/neoscope/dna-lsd-changes-schizophrenia

China cuts US Treasury stockpile, dropping to No 3 spot among foreign holders

https://www.scmp.com/economy/china-economy/article/3310758/china-cuts-us-treasury-stockpile-dropping-no-3-spot-among-foreign-holders

'Disaster': Internet pounces on Trump as US suffers historic credit downgrade

https://www.alternet.org/trump-credit-rating/

Friday, May 16, 2025

DeepSeek paper offers new details on how it used 2,048 Nvidia chips to take on OpenAI

https://www.scmp.com/tech/big-tech/article/3310639/deepseek-paper-offers-new-details-how-it-used-2048-nvidia-chips-take-openai

The effect of physical fitness on mortality is overestimated, research suggests

https://medicalxpress.com/news/2025-05-effect-physical-mortality-overestimated.html

Now, there’s no denying it: Tariffs are raising prices

https://www.cnn.com/2025/05/16/business/tariffs-walmart-prices-nightcap

Air Traffic Control Systems Go Down At Another Major US Airport

https://www.iheart.com/content/2025-05-15-air-traffic-control-systems-go-down-at-another-major-us-airport/

Thursday, May 15, 2025

Capital One Is Headed To Court Over Allegedly Cheating Customers

https://www.wideopencountry.com/capital-one-is-headed-to-court-over-allegedly-cheating-customers/

Walmart warns it will raise prices because of tariffs

https://www.cnn.com/2025/05/15/business/walmart-prices-tariffs

Beijing is a ‘red line’: Hungary vows it won’t decouple from China if pushed by Trump

https://www.scmp.com/news/china/diplomacy/article/3310503/beijing-red-line-hungary-vows-it-wont-decouple-china-if-pushed-trump

US reportedly plans to slash bank rules imposed to prevent 2008-style crash

https://www.theguardian.com/business/2025/may/15/us-reportedly-plans-slash-bank-rules-imposed-prevent-2008-style-crash

Wednesday, May 14, 2025

Peter Schiff Says Trade Truce Aside, The World Is 'Losing Confidence' In Dollar And In US Ability To Put 'Fiscal House In Order'

https://www.benzinga.com/markets/bonds/25/05/45396490/peter-schiff-says-trade-truce-aside-the-world-is-losing-confidence-in-dollar-and-in-us-ability-to-put-fiscal-house-in-order

Screwworm: US halts live cattle imports from Mexico to quell spread of flesh-burrowing larva

https://www.cnn.com/2025/05/14/health/mexico-cattle-imports-halted-screwworm

China and Russia sign nuclear reactor deal to fuel lunar research station

https://www.scmp.com/news/china/science/article/3310315/china-and-russia-sign-nuclear-reactor-deal-fuel-lunar-research-station

Peak migration: 16 million birds in one night over Indiana

https://www.wane.com/top-stories/peak-migration-16-million-birds-in-one-night-over-indiana/

Shingles vaccine could lower heart disease risk for 8 years

https://knowridge.com/2025/05/shingles-vaccine-could-lower-heart-disease-risk-for-8-years/

Monday, May 12, 2025

Colombia to join Beijing's Belt and Road initiative

https://www.intellinews.com/colombia-to-join-beijing-s-belt-and-road-initiative-380656/

Sunday, May 11, 2025

Massive US pension fund announces seismic shift away from one type of risky investment: 'Poses a real threat'

https://www.thecooldown.com/green-business/new-york-pension-fund-divestment-climate-invest/

The US and China hold the key to each other’s economic puzzle

https://www.scmp.com/opinion/world-opinion/article/3309467/us-and-china-hold-key-each-others-economic-puzzle

No deal in sight yet as China and US enter day 2 of trade talks to cool tariff tensions

https://www.scmp.com/news/china/diplomacy/article/3309922/no-deal-sight-yet-china-and-us-enter-day-2-trade-talks-cool-tariff-tensions

Newark Liberty International Airport problems: Another equipment outage causes FAA to issue brief ground stop

https://abc7ny.com/post/newark-liberty-international-airport-problems-another-equipment-outage-causes-faa-issue-brief-ground-stop/16384068/

'We're not out of the woods': Wall Street strategists say stock market's pain won't end with Trump trade deals

https://finance.yahoo.com/news/were-not-out-of-the-woods-wall-street-strategists-say-stock-markets-pain-wont-end-with-trump-trade-deals-120809921.html

Saturday, May 10, 2025

New York to lower prison guard hiring age to 18 amid officer shortage

https://www.npr.org/2025/05/09/g-s1-65622/new-york-prison-guard-hiring-age-officer-shortage

Zero ships from China are bound for California’s top ports. Officials haven’t seen that since the pandemic

https://www.cnn.com/2025/05/10/business/zero-ships-china-trade-ports-pandemic

Swiss president calls U.S. tariff talks disappointing, eyes better outcome with China

https://www.fastcompany.com/91332112/swiss-president-tariff-talks-disappointing

Friday, May 9, 2025

US confirms another outage at Newark airport

https://nordot.app/1293659612336177468

Thursday, May 8, 2025

Soviet Union Spacecraft Crash Zones Updated; NJ/NY/PA/MI at Increased Risk

https://weatherboy.com/soviet-union-space-craft-crash-zones-updated-nj-ny-pa-mi-at-increased-risk/

Wednesday, May 7, 2025

Opinion | Picking a global fight may not be the best strategy, as Trump is finding out | South China Morning Post

https://www.scmp.com/opinion/world-opinion/article/3309089/picking-global-fight-may-not-be-best-strategy-trump-finding-out

'This oil price doesn't work': Diamondback CEO says US shale production has peaked

https://finance.yahoo.com/news/this-oil-price-doesnt-work-diamondback-ceo-says-us-shale-production-has-peaked-154712764.html

Major International Headlines Americans Never See In Their News Feed

https://www.buzzfeed.com/victoriavouloumanos/international-major-current-events

Ray Dalio Says 'It's Too Late' To Escape Tariff Damage, Worries U.S. 'Will Be Bypassed'

https://www.benzinga.com/personal-finance/25/05/45249352/ray-dalio-says-its-too-late-to-escape-tariff-damage-worries-u-s-will-be-bypassed

Tuesday, May 6, 2025

China on African charm offensive to rally opposition to ‘bullying’ US

https://www.scmp.com/news/china/diplomacy/article/3309235/china-african-charm-offensive-rally-opposition-bullying-us

Immune system found to trigger fear, but psychedelics block it

https://newatlas.com/psychedelics/psychedelics-fear-immunity/

Hundreds of CEOs sign open letter asking states for HS computer science requirements

https://www.washingtonexaminer.com/news/3400758/ceo-letter-computer-science-graduation-requirements/

'It is not safe': Prime U.S. aiport drowning in deadly chaos, air traffic controllers warn to 'avoid' it all costs

https://wegotthiscovered.com/fyi/it-is-not-safe-prime-u-s-aiport-drowning-in-deadly-chaos-air-traffic-controllers-warn-to-avoid-it-all-costs/

Monday, May 5, 2025

U.S. Sees Most Child Flu Deaths Since 2009

https://www.healthday.com/health-news/infectious-disease/us-sees-most-child-flu-deaths-since-2009

St. Louis has first measles case

https://www.audacy.com/kmox/news/local/person-visited-st-louis-aquarium

Why African traders are looking beyond the US dollar to China’s yuan

https://www.scmp.com/news/china/diplomacy/article/3308782/why-african-traders-are-looking-beyond-us-dollar-chinas-yuan

Federal student loans are due again. A record percentage of borrowers are seriously delinquent

https://www.cnn.com/2025/05/05/business/student-debt-collections-delinquent

China’s offshore yuan jumps to 6-month high as rollback of ‘egregious’ tariffs seen likely

https://www.scmp.com/economy/china-economy/article/3309093/chinas-offshore-yuan-jumps-6-month-high-rollback-egregious-tariffs-seen-likely

Nearly 1 million Americans face losing health insurance as Aetna exits ACA marketplace

https://www.upi.com/Top_News/US/2025/05/04/1-million-amricans-to-oose-insurace-aetna-leaves-marketplace/8431746402394/

Sunday, May 4, 2025

Want To Live in One of These Bustling Indianapolis and Midwest Suburbs? Here's the Salary You Need

https://www.gobankingrates.com/money/economy/want-to-live-in-one-of-these-bustling-midwest-suburbs-heres-the-salary-you-need/

A turning point in trade: The U.S. effort to reverse global imbalances - The Japan Times

https://www.japantimes.co.jp/commentary/2025/05/04/japan/reversin-global-trade-imbalances/

US government to require placebo testing of all new vaccines: How will it affect updated COVID shots?

https://medicalxpress.com/news/2025-05-require-placebo-vaccines-affect-covid.html

'Lonely' Canada could join UK in European military alliance as Trump fears grow

https://inews.co.uk/news/politics/canada-european-military-alliance-trump-fears-3674297

Watch Star Wars-styled Airbike take to skies, fly at 124 mph

https://interestingengineering.com/innovation/star-wars-styled-airbike

Saturday, May 3, 2025

Warren Buffett Warns Tariffs Could Backfire on Economy, Says, ‘Trade Should Not Be A Weapon. It’s A Big Mistake, I Don’t Think It’s Wise’

https://www.benzinga.com/news/earnings/25/05/45184120/warren-buffett-warns-tariffs-could-backfire-on-economy-says-trade-should-not-be-a-weapon-its-a-big-mistake-i-dont-think-its-wise

Friday, May 2, 2025

US economy adds 177K jobs in April, exceeding economic forecasts

https://justthenews.com/nation/economy/us-economy-adds-177k-jobs-april-exceeding-economic-forecasts

DOJ: Indiana tax preparer's scheme enriched clients but cost IRS $500K

https://fox59.com/news/indycrime/doj-indiana-tax-preparers-scheme-enriched-clients-but-cost-irs-500k/

How the U.S. Oil Industry Has Taken a Beating Under Trump, in Charts - WSJ

https://www.wsj.com/business/energy-oil/how-the-u-s-oil-industry-has-taken-a-beating-under-trump-in-charts-b5ba0f60

Japan Hints At Using $1.13 Trillion In US Treasuries As Leverage In Trade Talks, Drawing Alarm From Traders: 'All Cards On The Table'

https://www.benzinga.com/25/05/45160679/japans-finance-minister-says-1-trillion-in-us-treasury-holdings-could-be-trade-leveragemarkets-eye-possible-bond-market-impact

Thursday, May 1, 2025

US airport placed on red alert after passenger is diagnosed with world's most infectious disease

https://www.themirror.com/travel/breaking-airport-placed-red-alert-1125613

Continuing jobless claims reach highest level since November 2021, initial claims hit 2-month high

https://finance.yahoo.com/news/continuing-jobless-claims-reach-highest-level-since-november-2021-initial-claims-hit-2-month-high-130327426.html

Australia holds the key to breaking China’s stranglehold over global critical minerals supplies

https://www.intellinews.com/australia-holds-the-key-to-breaking-china-s-stranglehold-over-global-critical-minerals-supplies-378922/

Exclusive | A stronger China waits to see which Trump adviser will come out on top on tariffs: sources

https://www.scmp.com/news/china/diplomacy/article/3308620/stronger-china-waits-see-which-trump-adviser-will-come-out-top-tariffs-sources

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About Me:

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Jim Polito
Associate Professor (retired)
Finance and Economic Analysis
Marian University
3200 Cold Spring Road
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drjimpolito@gmail.com

Blog Archive:

  • ▼  2025 (663)
    • ►  June (65)
    • ▼  May (109)
      • Google Veo 3 AI video is dangerously lifelike, and...
      • Iran has amassed even more near weapons-grade uran...
      • Brits warned about ‘concerning’ fungus labelled a ...
      • Ivy Tech will lay off over 200 employees due to In...
      • Las Vegas may still dazzle, but its sparkle is com...
      • China's Rare-Earth Magnet Restrictions Threaten Au...
      • "Learn to Code" Backfires Spectacularly as Comp-Sc...
      • COVID is back - a new "NB.1.8.1" strain is spreadi...
      • Las Vegas’ Plaza brings back $125 all-inclusive de...
      • US inflation gauge cools with little sign of tarif...
      • Fontainebleau Las Vegas lays off ‘dozens’ of dealers
      • Treasury Yields Climb Despite Tariffs Being Blocke...
      • Why Rising Japanese Bond Yields Could Upend Your R...
      • Japan government bonds: high yields spark fears of...
      • Cambodia reports 11-year-old boy is country's four...
      • Why Japan’s bond selloff could threaten the U.S. e...
      • Railroad giant CEO: The economy isn't booming, but...
      • Fridge-sized machine produces clean gasoline from ...
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