Huang, Huang, the gang's all here

Reports claim Alice Huang was recruited by Beijing spy agency to target Nvidia boss Jensen Huang in alleged ‘honeytrap’ operation

-- UK Telegraph  

 I noticed how little difference there is between men and women; I don’t understand what kind of fatal attraction Chinese women possess which enthrals the corresponding men to such an extent that they are incapable of defending themselves against the formidable blessing of offspring.

-- Albert Einstein 

Nvidia stock falls 5% as scrutiny turns to CEO’s affair with alleged Chinese spy  

Sounds like Abdul is Anthropic's ideal commie candidate for U.S. Senate from Michigan lol

 Anthropic CEO Dario Amodei: I Would Give Control Over AI To "The Right Combination Of Democratically-Elected Governments"

Anthropic CEO Says AI Industry Needs To Slow Down for Safety 

 

 

Commie Robert B. Reichhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh-a endorses taking over the means of production

 

Senator El-Sayed Would Be Good for Michigan and America

Robert Reich, Substack

Lexus uses an average everyday normal idiot to write copy instead of AI

Category assigned: ROFLMAO.

 

Yes, but it's been all downhill for six years already

 ... There are already a record 11.6 million Americans aged 65 and older still punching the clock. ... today’s elderly may actually be the last generation capable of working until they die on this scale. ...

More.

The percentage of older Americans working peaked in 2019-2020, as Peak Baby Boom 1957 turned 62. It's been all downhill from there.

The phenomenon has been a function of the size of the cohort relative to the overall population. The Baby Boom is like a dead bunny passing through the body of the snake.

Meanwhile the author fears the jobs these older people do are vulnerable to replacement by AI because they are supposedly overwhelmingly cognitive, so that younger workers will never be able to work until age 67 like many older Americans currently do.

But older workers are a diverse lot, performing a variety of work that can't be dismissed as simply cognitive.

Currently, the top 20 jobs by headcount of workers 55 and over according to the BLS are quite diverse, and categories where growth is expected to one degree or another in green outnumber those where stagnation and decline are expected in red by 3.5:1:

Truck, delivery, tractor trailer drivers 1.3m

Secretaries/admins 1.05m

Registered nurses 1m

Dirty rotten CEOs/senior management 0.95m

Retail supervisors 0.85m

Janitors/cleaners 0.8m

Teachers through grade eight 0.75m

Bean counters/financial managers 0.7m

Retail clerks 0.65m

Personal care aides 0.6m

Farmers/ranchers 0.55m (more than 54% of the industry)

Post-secondary educators 0.5m

Real estate agents 0.45m

Lawyers 0.4m

Property managers 0.35m

Home health aides 0.35m

Bus drivers 0.32m

Maids/housekeepers 0.3m

Billing/posting clerks 0.25m

Religious workers 0.22m.

  

 

Peak Baby Boom 1957 reaching full retirement age in 2023 is driving a new exodus from the labor force making 2023 the biggest single year rate spike in new Social Security enrollments since 2009

 New Social Security retirement enrollments experienced a significant +5.01% spike in 2023, marking the largest single-year growth rate since the conclusion of the recession wave in 2009. 

Peak Baby Boom started in 1957 and ended in 1961, with an average of 4.3 million births in each of the five years.

If you were born in January 1957, you reached full retirement age in July 2023 and were eligible for your first payment in August 2023. A person born in December 1961 is eligible for their first payment in December 2028. 

This means the new exodus out of the labor force and into retirement and into the not-in-labor-force category will last from mid-2023 into 2029, a tsunami crashing out of the economy as these individuals become 66+ and 67 years old in their turn. Full retirement age is 66+6 months for 1957 (2023+), 66+8 months for 1958 (2024+), 66+10 months for 1959 (2025+), and 67 years for 1960 and 1961 (2027, 2028).

This exodus will combine with AI to incentivize reductions in force in corporate America, and we're already witnessing it.

For 2024-26 to date, layoffs have been running ~766k/yr on average annualized ahead of the average 20 million layoffs per year. Announced corporate job cuts late 2024-25 were ~720k, the highest in 15 years.

Trump reductions in force for the federal government at ~250k net contribute but are a sideshow by comparison.

Perhaps fortunately, the Baby Bust of 1973-1976, when annual births crashed to multi-decade lows of 3.1 million per year, means fewer people in their fifties exist to be victimized by AI like Baby Boomers were victimized by the Great Recession in 2009.

But the shrinking talent pool snaking its way through the economy may also be a reason driving AI in the first place.

The problem of unintended consequences is inescapable.

One thing we could fix though is "disabled workers". The Dot Com Bust and The Great Recession didn't suddenly disable anybody, but that's what the data shows.

They exploited a chink in the armor of the Social Security system, and are one big reason the system is teetering.

The Bush and Obama administrations both let it happen because they wouldn't, or couldn't, address the consequences of job loss in a straightforward manner, so they burdened the system instead with a wink, a nod, and an averting of the gaze.

Well, just look at the damn thing. ↓ 

  

Rush Limbaugh's 106.189 million eating, but not working, a new high, in Trump's America!

Trump: Our socialism goooood, their socialism baaaaad

House Republican Rips Trump Admin Taking Stakes In 30 Private Companies: ‘Not the Conservative Position’

 

... In the clip Bacon shared, Lincicome fumed, “The reality is that, since last June, we’ve gone from the government owning zero shares in zero private companies to now owning equity stakes in 30 different companies. In some cases, the government is now the largest shareholder.” ...

 

It's pretty hard to run against Abdul's proposal for a 50% federal ownership stake in AI companies with a 50%+1 federal presence on their boards of directors when you do the same thing, which is probably why no one is talking about Abdul's proposal. 

Because some of them are communists, including Abdul El-Sayed

 Why Michigan voters are hearing ‘communist’ as they vote Tuesday

... Democratic socialist Darializa Avila Chevalier, who took down Rep. Adriano Espaillat, D-N.Y., in a Democratic primary in June, maintained a since-deleted Twitter account on the platform now known as X. There she included calls to “seize the means of production” and a quip that the now-candidate wiped her hands on an American flag. Trump seized on the latter tweet in a recent interview with CNBC.

Chevalier has since told MS NOW that she is not a communist. She called the focus on her past commentary a “distraction.” ...

This story fails to mention Abdul El-Sayed's proposal for the federal government to take a 50+1 stake in AI.

Most of the coverage of El-Sayed instead emphasizes that he says he's not technically a member of the Democratic Socialists of America, just as Chevalier insists she's not a commie.

 

The fix for Social Security is easy, lawmakers just don't have the balls to do it

 Raise the tax rate two points, split between employer and employee, and raise the full retirement age from 67 to 69. Phase both in same as was done starting in the 1980s. That process concluded, by the way, only just this year.

It was going on all along and you never even noticed.

Doing this again will make Social Security solvent until 2100.  

 

AARP to Congress: ‘We strongly object to fast-tracking Social Security changes’ 

 

 

Idiot Doug Bandow isn't paying attention to what Bernie & Co. actually stand for

America’s Faux Socialists Know Not What They Claim to Be 

 ... Nevertheless, no one of note is advocating the wholesale federal takeover of private property, including businesses and other enterprises. ...

 First, Do No Harm: AI Under Democracy 

... AI was built on our data and our labor; we should own a piece of it. Senator Bernie Sanders’s American AI Sovereign Wealth Fund Act would transfer 50% equity from the largest AI companies into public hands. I support that effort and propose to take it one step further because Americans deserve a seat at the table. ...

 

 

 

Fed Chair Kevin Warsh, whose wealth is his wife's, peddles the myth that the Fed is in control

This country eats, drinks, and sleeps inflation in the post-war . . . at 3.4% since 1948.

It's the cover for the haves to rob the have-nots. The Fed's job is to keep it going, just at a lower level than the 4.4% of the last six years, while telling you that they work for you when they actually work for the banks and the corporations.

From 1871 to 1948 the inflation rate was 0.8%, for most of which time we had sound money . . . until they confiscated it in 1934.

The only true words below are "We don't know". 

 

 Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom

... "if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past."

... "While monthly price fluctuations are inevitable — especially in an unsettled world — underlying inflation over longer time horizons is determined largely by monetary policy," he said. 

... "We don’t know the extent to which the economy will benefit from the AI buildout," he added. "Yet it seems inevitable that what is now called ‘AI investment’ will soon be called just ‘investment.’"

Warsh previously has said he expects an AI productivity boom will prove disinflationary — a premise challenged by some economists as well as his fellow Fed policymakers. ...                          

 

Gee, I hope it's not this disinflationary:

 

 

In the Michigan U.S. Senate race, progressive Abdul El-Sayed is only half the fascist you think he is, says he's for only 50% public ownership of AI, not 100% lol

 O.M.G.

 AI, data center fears could be key in closely watched Michigan Democratic Senate primary

... earlier this month, he unveiled a multi-pronged policy to rein-in AI that includes public ownership of the technology, an AI dividend paid to the public, mandatory divestiture of AI developers from major tech companies and a new tax on AI automation.

... McMorrow and other critics have questioned the feasibility of El-Sayed’s proposal, which in addition to 50% public ownership and direct payments to Americans includes expanded unemployment benefits and the establishment of a Food and Drug Administration-style safety testing agency within the federal government to test emerging AI technology. 

... El-Sayed brushed off those claims. The farther left plan would be complete ownership, rather than the 50% he is proposing, he countered. ... 

Yes, unfortunately

 Alex Karp: CEOs Bragging About AI Layoffs Will Create Backlash That Makes Bernie Sanders Look Moderate

Make sure to write-in AI Mike Rogers in Michigan this November, who is guaranteed to be better than the real Mike Rogers

 

OMG not THAT idiot

 Trump picks housing Dir. Bill Pulte as acting intelligence chief, replacing Tulsi Gabbard

 

But speaking of idiots, just how does one become a former scion anyway?

 

Big 3 salaried labor cuts of 19% return levels to pre-pandemic era

 Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms

 

 

CNBC: AI has destroyed 342,000 information services jobs since the advent of ChatGPT in November 2022

... information services lost 13,000, part of a continuing trend that has seen the category down 342,000 jobs since November 2022, coinciding with the rise of artificial intelligence. That has equated to a loss of 11% of jobs during the period. ...

More. 

How many millions do you need in Jan 2026 to be a Jan 1913 millionaire?

 33.19

AI estimates between 208-225k Americans had net worth of $30 million or more in 2025. 

Lawmakers could spare us a lot of Sturm und Drang simply by raising the full retirement age gradually from 67 to 69 and upping the payroll tax by two points, just like we did in the 1980s

 The payroll tax went from almost 10% to 12.4% between 1977 and 1990, where it has been the whole time until now (except in 2011 and 2012 under that damn fool Obama).

The full retirement age was also raised in 1983 from 65 to 67, on a schedule starting in 2000 and just concluding this year.

Time to do it again. 

AI agrees that raising the full retirement age gradually from 67 to 69, also allowing about 17-years to start the process, and immediately commencing increases to the payroll tax by 2 full points from 12.4% to 14.4% will guarantee the Social Security scheme through the end of this century.

Do it now, Congress.

This is the cleanest way. 

 

 

 

The Uniparty wants one central source of approval, and that fool Ted Cruz is down for the cause