This article was originally published by Michael Snyder at The Economic Collapse Blog.  Somehow we have convinced ourselves that AI companies that are bleeding billions upon billions of dollars are great investments because there is a possibility that someday they will eventually become profitable. But the losses just keep getting even bigger every year. Meanwhile, we are spending trillions of dollars to build even more AI infrastructure. There is no way that the AI industry is ever going to generate the sort of revenue that will justify that level of investment. What we are witnessing is a capital misallocation of…

NEWYou can now listen to Fox News articles! Disapproval of President Donald Trump’s handling of Iran hit a record high in July, as a majority of voters oppose U.S. military action, and nearly two thirds think the conflict will last at least a year.The latest Fox News survey finds 56% oppose U.S. military action against Iran, including 40% who “strongly” oppose. More Democrats oppose the war (84%) than Republicans support it (76%).FOX NEWS POLL: A CLOSE SENATE CONTEST IS BREWING IN IOWAVoters increasingly expect a long-term commitment. Today, 64% think the war will last a year or more, up 13…

For the first time in 99th Air Base Wing history, a woman has assumed command.Col. Christine Littlejohn took command of the Wing at Nellis Air Force Base, Nevada, last week, according to a release, to lead 12 squadrons and two groups tasked with base operations support.Base officials did not comment on Littlejohn’s command but did provide Military Times with a list of former 99th commanders. Sixteen names graced the list before Littlejohn’s, and they all were men.“The Air Force selects its commanders strictly on merit,” a Nellis spokesperson told Military Times. “Col. Littlejohn has experience at various levels of command,…

NEWYou can now listen to Fox News articles! A French modeling scout with ties to Jeffrey Epstein was found dead inside his Paris apartment, prosecutors said.The body of Daniel Siad, 69, was discovered Monday night, and an autopsy is pending. Siad’s attorney, Menya Arab-Tigrine, told Fox News Digital that he died from a heart attack.”While he died of a heart attack, the unbearable waiting, the stigma cast upon him—and, by extension, his loved ones—as well as the daily pressure and anxiety he endured, undoubtedly played a role,” she said. “We must await the autopsy results to determine whether his body…

The U.S. Navy Reserve is offering enlisted sailors, officers and civilians sizable financial incentives to remain or join the service, the Navy announced Wednesday.Beginning June 1, 2026, individuals may qualify for several different bonus enlistment packages from the Navy Reserve as part of the fiscal 2026/2027 Recruiting and Retention Incentive Program. “Our people remain our greatest competitive advantage,” said Capt. James R. Prouty, commander of Navy Recruiting Reserve Command. “These expanded bonus opportunities represent a well spent investment in both the current force and the next generation of reserve sailors.”For the latter, the programs include the New Accession Training Enlistment…

NEWYou can now listen to Fox News articles! Rep. Alexandria Ocasio-Cortez, D-N.Y., is keeping the door open for a 2028 White House bid after a new poll showed the New York Democrat as the leading choice among prospective Democratic presidential candidates.She sidestepped Fox News Digital’s question asking if she would like to be the Democratic 2028 nominee.”I have genuinely not really weighed seriously anything past the midterm elections,” Ocasio-Cortez told Fox News Digital when asked if she is interested in a run. “I think that I’m taking in this information just like anybody else.”HASAN PIKER MAKES AOC HIS 2028 PICK…

In early May, the Oregon Air National Guard’s 142nd Wing loaded practice bombs onto its F-15EX Eagle IIs at Mountain Home Air Force Base, Idaho, and dropped them on the range. The training marks the first time an operational unit has employed the Eagle II’s air-to-ground capabilities, according to the wing’s July 17 announcement.Crews loaded concrete-filled 500-pound BDU-50s and 2,000-pound BDU-56s, built to the size and weight of the real thing, onto the Eagle II’s hardpoints. Over 10 missions, the wing dropped 36 practice bombs, twenty-four 500-pounders and twelve 2,000-pounders, achieving satisfactory scores with zero safety incidents.Test crews at Eglin…

NEWYou can now listen to Fox News articles! A former Obama press aide, Adam Fetcher, is facing a felony charge as he stands accused of stealing a co-worker’s debit card to purchase kratom, a mood-altering substance, from a Minneapolis smoke shop.Fetcher served as the Chief Communications Officer for the City of Minneapolis until he was fired from his role in early July during a police investigation following reports that he had stolen cash and bank cards from three fellow municipal employees and blown through hundreds of dollars in smoke shops. Prosecutors formally charged Fetcher with a felony count of financial…

Attorneys for a vacationing soldier who was shot when he was caught in a “hail of bullets” in front of the White House have filed a $25 million claim against the U.S. Secret Service.Private First Class Benjamin Del Real, Jr., 25, alleges negligence on the part of the Secret Service, accusing agents of failing to exercise reasonable care in responding to the incident of a shooter who opened fire on a Secret Service security post. The soldier and his father were visiting with Del Real’s sister, Sara, in Washington, D.C., and were walking to dinner on May 23 when they…

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NEWYou can now listen to Fox News articles! The World Cup may be over, but there are some still upset over the controversy surrounding USMNT star Folarin Balogun’s red-card ban being suspended.Norwegian Football Federation (NFF) President Lise Klaveness said she is going to ask her board to pursue a formal ethics complaint over the incident. She called on FIFA to acknowledge the decision to suspend Balogun’s ban as an error.”We need our leader in FIFA to say that this was an error,” Klaveness told The Times. “If you start to adapt in such a way towards state leaders and state…

Low pay is the leading reason childcare providers leave their jobs — both military and civilian — but even a $500 retention bonus could keep many of these providers at risk of leaving, new research has found.Across the board, childcare providers struggle with financial issues, with about one in five reporting food insecurity, and about one-third struggling with debt.Childcare providers across the board are experiencing high levels of stress and depression, researchers with the Buffett Early Childhood Institute at the University of Nebraska found.In looking at potential solutions to bolster the military childcare provider work force, researchers also noted that…