Month: December 2024

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CBS News Roundup - 12/18/2024 | World News Roundup Late Edition

Congressional budget deal tanks after it was nixed by President-elect Trump as partial government shutdown looms. After lowering key interest rate by a quarter percentage point, Federal Reserve indicates rate cuts will slow. Markets dive on news. Supreme Court agrees to hear TikTok's arguments on federal law that could ban the social media app. CBS News Correspondent Jennifer Keiper with tonight's World News Roundup.

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This Machine Kills - Patreon Preview – 386. The FIRE Sector is Under Water

First we talk about the unholy trinity of Anduril, Palantir, and OpenAI working together to secure major contracts from the Pentagon for networking data systems and training AI models. Then we get into how Blackstone now owns the AI boom with $50 billion invested in data centre infrastructure and another $50 billion in the pipeline. Lastly, we chat about how the mortgage markets in the US, Australia, and elsewhere—the very cornerstone of entire economies and generational wealth—are once again facing systemic risk a lá the 2008 crash, but this time caused by climate catastrophes. ••• Pre-order Jathan’s new book! https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• We saw a demo of the new AI system powering Anduril’s vision for war https://www.technologyreview.com/2024/12/10/1108354/we-saw-a-demo-of-the-new-ai-system-powering-andurils-vision-for-war/ ••• Mind the Gap: Foundation Models and the Covert Proliferation of Military Intelligence, Surveillance, and Targeting https://arxiv.org/abs/2410.14831 ••• Blackstone’s Data-Center Ambitions School a City on AI Power Strains https://www.bloomberg.com/news/features/2024-12-08/georgia-s-blackstone-backed-qts-data-center-hits-resistance-over-ai-power-needs ••• The Climate Risk to the Mortgage System https://www.nytimes.com/2024/12/07/business/economy/mortgages-climate-risk-fannie-freddie.html ••• Surging insurance costs are driving thousands of borrowers to breach their mortgage contracts https://www.abc.net.au/news/2024-12-10/insurance-costs-are-driving-thousands-to-breach-their-mortgages/104703586 ••• How climate risks are driving up insurance premiums around the US – visualized https://www.theguardian.com/environment/2024/dec/05/climate-crisis-insurance-premiums Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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Pod Save America - AOC Loses to the Gerontocracy

House Democrats choose not to elevate Alexandria Ocasio-Cortez, arguably the party's most compelling messenger, to Ranking Member on the House Oversight Committee—instead selecting 74-year-old Gerry Connolly, a committee lifer with no national reach. Jon and Dan discuss the magnitude of this missed opportunity, House Republicans laying the groundwork for an FBI investigation of Liz Cheney, whether Democrats should play ball on government funding, and a new effort to clamp down on progressive fundraising spam. Then, longtime immigration advocate Cecilia Muñoz stops by to talk with Jon about how Democrats found themselves out of the mainstream on the issue, and how we can win back voters' trust without compromising our values.

 

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