CounterPunch.org | Waiting for the AI Bubble to Burst: Great Collapses of the Past by Dean Baker

AI generated summary, Read the full article for complete information.

Dean Baker argues that the looming “AI bubble” will likely follow the familiar pattern of previous bursts – first the dot‑com bust of 2001 and then the housing crash of 2008 – both of which saw optimistic government forecasts for GDP and job creation collapse into far‑worse reality. In the early 2000s, projected growth of 2‑3 % and the creation of millions of jobs turned into a lone‑digit GDP rise and a net loss of about 6.6 million jobs, while the housing bust produced a 12‑million‑job shortfall and a deep recession after nationwide home‑price declines wrecked mortgage markets and banks. Baker warns that when AI‑driven investment cools, sectors hidden behind the hype could be exposed, leading to reduced demand, a negative wealth effect, and the same systematic forecasting errors that missed past collapses.

Read more: https://www.counterpunch.org/2026/05/21/waiting-for-the-ai-bubble-to-burst-great-collapses-of-the-past/

#CBO #BearStearns #LehmanBrothers #GreatRecession #economics

NPR Topics: News | Trump's proposed 'Golden Dome' estimated to cost $1.2 trillion by The Associated Press

AI generated summary, Read the full article for complete information.

President Donald Trump’s “Golden Dome” missile‑defense program—intended to place weapons in space and protect the United States from next‑generation strategic threats—has been re‑estimated by the Congressional Budget Office at about $1.2 trillion over the next 20 years, far above the $175 billion figure Trump cited last year. The CBO analysis, which reflects an illustrative approach rather than a precise Administration proposal, notes the lack of detailed Defense Department data on system scope, making exact long‑term cost projections difficult. The project, modeled in part on Israel’s multi‑layered “Iron Dome,” would combine ground‑ and space‑based sensors and interceptors to detect and neutralize missiles at any stage of an attack, and Congress has already approved roughly $24 billion for the initiative. While Gen. Michael A. Guetlein, director of the Golden Dome effort, emphasizes a focus on affordability, critics such as Sen. Jeff Merkley argue the plan amounts to a massive giveaway to defense contractors funded by American taxpayers.

Read more: https://www.npr.org/2026/05/13/g-s1-121780/trumps-golden-dome-cost

#DonaldTrump #IronDome #JeffMerkley #GoldenDome #CBO #MichaelGuetlein

US DEBT EXCEEDS 100% OF GDP:

Last month the US #nationalDebt surpassed $39 Trillion, a record reached JUST FIVE MONTHS after the debt sailed past the $38 Trillion mark.

*The government spends $1.33 for every dollar collected as revenue, with the budget #deficit projected at $1.9 Trillion this year.*

**The #CBO determined that the changes were driven by the Big Beautiful Bill Act, as well as higher #tariffs and lower #immigration rates.**

Thanks a bunch, trump!!! 🖕🤬🖕
https://thehill.com/business/5857998-us-national-debt-gdp/

3331 :: Educadores, instrutores e mestres de cursos livres e de culturas tradicionais e populares

Títulos

3331-05 - Instrutor de auto-escola

3331-10 - Instrutor de cursos livres

3331-15 - Professores de cursos livres

3331-20 - Mestre das culturas populares e tradicionais

Descrição Sumária

Os profissionais desta família ocupacional ministram aulas em cursos livres, criam programas para empresas, clientes e/ou comunidades, planejam cursos, avaliam alunos e sugerem mudanças estruturais em cursos. Os mestres das culturas tradicionais e populares transmitem seus saberes e conhecimentos tradicionais através da realização de eventos diversos colaborando, desta forma, na fluição e circulação da manifestação cultural.

https://cbo.mte.gov.br/cbosite/pages/pesquisas/BuscaPorTituloResultado.jsf

#cbo #trabalho #culturapopular #educacaopopular

Entre elas está a de motorista de transporte por aplicativos, que passa a constar oficialmente na classificação como resultado do avanço das tecnologias digitais e dos modelos de economia de plataforma.

Além dessa ocupação, também foram incluídas as atividades de produtor de arte (audiovisual), artista visual de jogos eletrônicos, designer de jogos eletrônicos, designer de narrativa de jogos eletrônicos e mestre das culturas populares e tradicionais.

@pedrosolidus https://mastodon.social/@pedrosolidus/116284768949207425

#trabalho #tecnologia #games #cbo #audiovisual #culturapopular

I have so many questions. Like what was the $1.6T budgeted for & who was it to be "spent" on?

✅ The Treasury may need to borrow an extra $1.6 trillion to cover the hole left by tariff ruling and pay a further $400 billion in debt interest - Fortune
https://fortune.com/2026/03/06/treasury-borrowing-ieepa-tariffs-scotus-ruling-cbo/
(https://archive.ph/O1BVg)
#trump #tariffs #cbo

Now Playing: Brotha Lynch Hung & C-Bo – Blocc Movement

https://album.link/s/4IyxYoym32HMkJRn9cMA28

#NowPlaying #NowSpinning #Vinyl #Music #CBo #BrothaLynchHung #HipHop