Wednesday, April 1, 2026

Coffee Break: AI Subprime Crisis Both a Victim and an Expression of Idiocracy

While global attention has been focused on the Ramadan War with Iran, the long-awaited collapse of OpenAI is quietly accelerating.

A Fifth of NYC Built on Bygone Water Now at Risk: Study Maps City’s ‘Blue Zones’

Researchers identified more than 500 places in NYC where water was, where it floods and that will get worse due to climate change.

Links 4/1/2026

Iran War: Israel Would Thwart Trump TACO Even if Genuine; US Forces Still Arriving in Middle East as Trump to Speak This Evening; Could Strait of Hormuz Traffic Rise Meaningfully With Less Hot Conflict?

Why Trump’s apparent TACO via his hissy to leave the Strait of Hormuz mess to others may be a deception despite rising economic damage.

Türkiye and Other ‘Mediators’ Play Good Cop Against Iran

“Peace talks” among Türkiye, KSA, Pakistan, and Egypt try to kill Iran softly. 

How Polling Failures, Gambling Legalization and Political Gridlock Paved the Way for the Explosive Rise of Prediction Markets

In the opinion of this humble blogger, prediction markets epitomize what is wrong with modern society. l

Coffee Break: Armed Madhouse – The Invulnerable Golden Dome

The pursuit of an “invulnerable” missile defense system confronts technical, economic, and strategic limits. Perfect interception is unattainable, validation is inherently incomplete, and a fully realized architecture drives costs into the trillion-dollar range.

Michael Hudson and Steve Keen: How the Global Crisis Will Unfold

Michael Hudson and Steve Keen: discuss how the Iran war economic crisis will generate inflation first, and then deflation and depression.

Links 3/31/2026

Iran War: Trump Threatens Destruction of Iran Electric Generation and Oil Wells Even as WSJ Reports Temporary TACO on Trying to Force Open Strait of Hormuz

Today’s Iran war update: WSJ – Trump is trying to rearrange the deck chairs on the Titanic by not opening the Strait now but still fighting

Where Does Russia’s Just-in-Time Energy Lifeline Leave Cuba?

“We cannot be indifferent to the desperate situation that Cubans are experiencing today,” said Dmitry Peskov.

Five Reasons Why the US Declined To Enforce Its De Facto Blockade on Cuba for Russia

Cuba gets a bit of an energy break thanks to a Russian tanker, but this delivery won’t change outcomes.

Coffee Break: Moral Imbeciles Lead U.S. to War

The moral imbeciles ruling the United States have blundered into disaster because they are incapable of recognizing the stakes of the game.

Drillers See Triple-Digit Crude and Hit the Brakes

Why drillers won’t be sucker punched by increasing production in response to a very large price increase that may be short-lived.

Links 3/30/2026