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Pentagon Estimates the US Has Spent Over $47 Billion on Iran War, But True Cost Is Much Higher

(Dave DeCamp, Antiwar.com) The Pentagon’s estimate for the cost of the Iran war is now over $47 billion, 25% higher than its estimate from July, according to data obtained by Reuters, though the true cost of the conflict is significantly higher since the US War Department’s numbers leave out...

Anthropic Eyes Record IPO Amid AI Warnings

(Headline USA) Artificial intelligence giant Anthropic filed papers Monday for what could be the biggest initial public offering of stock ever even as its top executive warns that advanced AI could pose an existential threat to humanity. The filing sets up the San Francisco company for a Wall Street debut...

Monetary Lessons from the Spanish Scholastics

(Ben Seevers, Money Metals News Service) It is becoming more common for those on the right to be skeptical or downright hostile to free markets. Since President Trump entered the political scene over a decade ago, conservatives have increasingly abandoned free market principles. The same is true for the religious...

Ancient Gold Earrings Discovered in Roman Cemetery

(Mike Maharrey, Money Metals News Service) Need a gift that stands the test of time? Get gold! Gold stud earrings are always a good choice. They are beautiful, classic, and will last, well, forever! Or at least a really long time. How long have people been getting gold earrings as gifts? At least...

Disappointing 20-Year Treasury Auction Underscores Weakness in the Bond Market

(Mike Maharrey, Money Metals News Service) What happens when you run massive budget deficits year after year and make no effort to rein in borrowing and spending? People stop lending you money. We’re starting to see the impacts of the United States’ fiscal malfeasance in a struggling bond market. The federal government...

At Least $963K in Trading Cards Stolen From a FedEx Truck in California

(Headline USA) Police in California are investigating the theft of trading cards worth at least $963,000 that were taken from a FedEx truck parked outside of a company that verifies memorabilia. The truck was broken into on Oct. 13 near Professional Sports Authenticator, also known as PSA, which authenticates trading cards,...

Anatomy of Media Bias: Yahoo Article Implies Federal Revenue Fell Last Year Driving the Deficit

(Mike Maharrey, Money Metals News Service) I ran across a glaring example of mainstream media bias that I want to highlight for you. Accusations of “fake news” are often overplayed. However, mainstream media bias is a thing, and you should be aware of it, even in financial news reporting. On Friday,...

Booker, Warren Call for FTC Investigation into Online Real Estate Companies

(Tom Joyce, The Center Square)  U.S. Sens. Cory Booker and Elizabeth Warren want the Federal Trade Commission to look at whether online real estate companies use deceptive practices that raise homebuying costs. Booker, D-N.J., and Warren, D-Mass., sent a letter to FTC Chairman Andrew Ferguson this week. They asked the...

Trump’s Russia Sanctions Waiver Infuriates Congress

(Headline USA)  President Donald Trump's abrupt decision to waive sanctions on Russia days before they were to take effect drew outrage Saturday from members of Congress, which had overwhelmingly passed the legislation in a bipartisan display of American support for Ukraine in the war with Russia. Lawmakers from both parties...

Trump Teases Meeting With Kim Jong Un

(José Niño, Headline USA) President Donald Trump said he may meet North Korean leader Kim Jong Un during a November trip to Asia, reviving the possibility of direct diplomacy after years without a summit between the two leaders. The Epoch Times reported that Trump offered no details about a...

FBI Disrupts North Korean Corporate Espionage Ring in North Texas

(Bethany Blankley, The Center Square) FBI agents in north Texas have disrupted a North Korean espionage ring targeting U.S. companies. The scheme involves illegally obtaining information from U.S. companies to facilitate the country’s sanctioned weapons program, federal authorities allege. The case “is about far more than fraud,” U.S. Attorney Ryan...

FBI Arrests OpenAI Employee Over Alleged Spying

(Headline USA) An engineer at OpenAI has been charged with secretly installing a recording device inside a conference room in what officials said Tuesday was an effort to capture sensitive conversations about the company's technology. The employee, identified as a 35-year-old Saudi national named Abdulrahman Alfozan, was arrested Friday, a...
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