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$40 Trillion Debt Black Hole: Is a Financial Crisis Coming?

(Money Metals News Service) The United States is closing in on a milestone that would have been almost unimaginable not long ago: $40 trillion in national debt. That staggering figure framed the latest episode of the Money Metals Midweek Memo, as host Mike Maharrey examined what he calls the economy’s “debt...

Pentagon Orders Audit of 30 Universities’ Partnerships with Foreign Institutions

(Headline USA) The Department of Defense has ordered 30 U.S. universities to audit their partnerships with mostly Chinese universities and military training institutions as the Trump administration scrutinizes the country's growing global influence. If the schools don't complete a review and terminate any arrangements deemed problematic within the next two weeks,...

Inspector Finds ‘Dormant’ $57 Million Fund

(Jim Talamonti, The Center Square) Following an advisory by the Chicago inspector general’s office, the city treasurer has asked the city council to dissolve the Community Catalyst Fund and return its more than $57 million in assets to general funds. The fund was set up 10 years ago to increase...

2027 Social Security Raise Pegged Between 3.2% and 3.6%

(Brett Rowland, The Center Square) Seniors are on track for a Social Security raise of 3.2% to 3.6% next year, money paid from a retirement fund the program's trustees say will be depleted in 2032. Three groups have issued 2027 estimates based on July inflation data and projections for the...

Flock Announces Changes Amid Backlash Over its License Plate Reader Network

(Headline USA) Flock Safety, the surveillance technology company increasingly under scrutiny from lawmakers from both parties, civil liberties advocates and citizens across the U.S., announced Thursday that it is making changes to its platform intended to quell privacy concerns and address documented abuses of its system by some members...

Antisemitism Tracker Launches Initiative to Combat Antisemitism on College Campuses

(Morgan Sweeney, The Center Square) Jewish advocacy group and antisemitism tracker the Anti-Defamation League launched a new initiative Wednesday aimed at helping university students, faculty and staff combat antisemitism on their campuses. The initiative includes two reports tracking “less visible” forms of antisemitism at universities, a confidential reporting mechanism for...

Trump Administration Reverses TikTok Device Restriction

(José Niño, Headline USA) Federal employees can once again access TikTok on government equipment after officials determined the platform's revamped ownership structure removes the security risks that led to the original prohibition. Bloomberg reported that the shift came after TikTok's U.S. business moved under the control of American investors. The...

US Appellate Court Ends Biden-Era Mass Parole Programs

(Bethany Blankley, The Center Square) U.S. Court of Appeals for the D.C. Circuit has effectively ended a Biden-era mass parole program after it dismissed a lawsuit against the Trump administration. The ruling is seen as a major victory for the Trump administration and for dozens of states that sued to...

Joint U.S. and Japanese Currency Intervention Reveals Eroding Dollar Dominance

(Mike Maharrey, Money Metals News Service) Last week, the U.S. intervened in the currency markets to support the Japanese yen. The way the U.S. executed the move reveals that the dollar’s reserve status isn’t what it used to be. Typically, when the U.S. intervenes in currency markets, it buys a...

Taxpayer Philanthropy: Tax Cash to Nonprofits More Than Doubled Since 2016

(Arthur Kane and Jared Strong, The Center Square) In the past decade, government grants to nonprofits and the number of nonprofits that receive tax money has doubled, raising questions about whether public money is being wasted, an investigation by The Center Square found. In 2016, federal, state and local governments...

Mark Zuckerberg’s Yacht Ignores a Stranded Boat Calling for Help

(Headline USA) The crew of a yacht owned by Mark Zuckerberg did not hear a radio call for a maritime assist from a small skiff that ran out of fuel off the coast of Alaska, and by the time it did, another nearby ship had already rendered assistance, a spokesperson...

FAA Orders Crack Inspections for Hundreds of Boeing 737 Max Jets

(Headline USA) The Federal Aviation Administration this week ordered inspections for hundreds of Boeing planes, following reports of cracks in some older models. The now-finalized rule, which was unveiled Thursday and kicks in Sept. 10, applies to certain aircraft under three Boeing 737 Max models: the 737-8, 737-9 and 737-8200....
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