Author: Global Desk

Elon Musk has never shied away from bold predictions, but his latest warning about the U.S. national debt—now nearing $38 trillion—is among his starkest yet. According to Musk, the fiscal crisis looming over the United States is so severe that only artificial intelligence and robotics can generate the productivity explosion necessary to stabilize the nation’s long-term finances. But Musk also cautions that the same technologies capable of saving the economy could unleash “significant deflation,”disrupting traditional economic models and potentially reshaping global markets. His comment reflects a deeper debate unfolding among economists, technologists, and policymakers: Can exponential technological productivity solve the debt crisis, or…

President Donald Trump has escalated his immigration rhetoric with a sweeping new proposal he calls “reverse migration,” signaling a dramatic expansion of the policies he enacted during his first term and laying the groundwork for what would be the most aggressive immigration crackdown in contemporary U.S. history if he returns to power. In recent remarks, Trump vowed to halt admissions from unspecified developing nations, expand deportation operations on a massive scale, and even revoke citizenship from certain naturalized Americans—a move that legal experts say would face immediate constitutional challenges. The comments mark a significant evolution in Trump’s longstanding focus on immigration, shifting from border…

A groundbreaking new report from MIT has delivered one of the clearest warnings yet on the transformative—and disruptive—power of artificial intelligence in the American labor market. According to the study, AI systems are already capable of performing tasks that make up nearly 12% of all work currently done by the U.S. workforce, signaling a seismic shift in how businesses operate, how workers compete, and how policymakers must prepare for the next era of automation. The report does not forecast what AI might do in the distant future. Instead, it examines present-day AI capabilities and concludes that millions of tasks across dozens of industries…

As Americans gather for one of the most cherished holidays of the year, many families are feeling the pinch of a noticeably more expensive Thanksgiving dinner. From turkey and stuffing to cranberries and pumpkin pie, the cost of preparing a traditional holiday feast has climbed sharply. While some political narratives blame tariffs or trade disputes for the rise, economists and agricultural experts overwhelmingly point to a different culprit: supply-side shocks rippling across the food system. These shocks—ranging from disease outbreaks and extreme weather to energy costs and labor shortages—have disrupted production, strained supply chains, and tightened inventories. The result is a…

The global artificial intelligence boom rests on a handful of dramatic predictions: that AI systems will soon achieve human-level intelligence, that millions of jobs will be reshaped or replaced, and that intelligent agents will become as ubiquitous as electricity. Silicon Valley giants speak confidently about artificial general intelligence (AGI), trillion-dollar valuations, and autonomous software ecosystems capable of transforming every sector of the economy. But underneath this sweeping narrative lies a surprisingly mundane — yet deeply consequential — assumption: that the specialized chips powering the AI revolution will last long enough to justify the enormous investments built around them. The AI industry…

President Donald Trump’s proposed “Genesis Mission” has rapidly become one of the most talked-about—and debated—technology initiatives in U.S. political discourse. Positioned as a sweeping plan to reclaim American dominance in artificial intelligence, the Genesis Mission promises to rewire national priorities, overhaul government-tech cooperation, and accelerate AI innovation across military, economic, and industrial sectors. Supporters hail it as a long-overdue national strategy to counter China’s rapid AI advances and strengthen U.S. leadership. Critics, however, see it as overly ambitious, lacking clarity, and potentially fraught with risks surrounding civil liberties, market distortion, and geopolitical escalation. Here is an in-depth look at what the Genesis…

US stocks climbed steadily on Tuesday as major technology companies powered a broad market rally, brushing aside renewed volatility in the cryptocurrency space after Bitcoin suffered its latest sharp decline. The move underscored a familiar dynamic on Wall Street: even as digital-asset markets swing wildly, the core pillars of the equity market — tech strength, earnings resilience, and stable economic signals — continue to anchor investor confidence. The Nasdaq led the advance, fueled by gains in semiconductor giants, cloud-computing leaders, AI-driven software firms, and large-cap platform companies. While Bitcoin’s sudden drop rattled sentiment in fringe speculative areas, traditional equity investors…

Every fall, as millions of Americans begin the annual scramble for health insurance during open enrollment, they turn to the internet for clarity. They type a simple phrase into Google—Obamacare, Affordable Care Act insurance, health marketplace, cheap health plans—expecting to find the official federal exchange or their state’s health marketplace. Instead, many are being routed into a maze of misleading advertisements, telemarketer-run call centers, and websites selling what experts bluntly call junk insurance. This growing problem, once a background annoyance, has now risen to the level of a structural threat to the integrity of the Affordable Care Act. What was designed as a reliable…

Billionaire investor Ray Dalio, founder of Bridgewater Associates and one of the most influential macro thinkers of the modern era, has issued a nuanced message to global investors:“Don’t sell just because there’s a bubble.”But he adds an equally important second part — one far more sobering:Be prepared for structurally low investment returns over the next 10 years. Dalio’s latest outlook underscores a paradox shaping global markets: asset prices remain historically elevated, yet long-term return expectations are falling. Investors may be tempted to exit out of fear of a bubble, but Dalio argues that such a reaction can be misguided — particularly…

As the global AI boom accelerates and Big Tech races to build the next generation of data centers, model architectures, and GPU superclusters, Goldman Sachs has issued a pointed warning: if the industry continues financing this expansion with increasing levels of debt, the macroeconomic risks tied to the AI build-out could rise sharply. In a detailed analysis circulated to institutional clients, Goldman argues that AI—while transformative and potentially lucrative—requires unprecedented capital expenditure. If large technology companies rely too heavily on debt markets to fuel this growth, their financial leverage could begin to resemble earlier periods of technological overinvestment that ended painfully.…