Author: Press Room

Like all closed-minded Luddites, the far-left Washington Post is panicking over AI and seems pretty sure that the government will have to redistribute wealth if we’re to avoid societal collapse. “[E]vidence is piling up that the AI boom may instead be widening the gap between America’s economic aristocracy and everyone else,” is the angle of this dumb report. “Data shows that the people making the most use of AI are concentrated in richer urban areas, while disadvantaged regions have lagged behind.” What’s more, huffs the Post, the top 20 percent are “on a spending spree thanks to investment portfolios fattened…

Chancellor Friedrich Merz is the most unpopular leader on record in modern German history as the nation’s economy continues to struggle and immigration continues to dominate headlines. According to Forsa’s RTL/ntv Trendbarometer, Merz is the most unpopular chancellor since the polling agency began conducting surveys, with a staggering 85 per cent of Germans disapproving of his performance. In contrast, the previous record holder was his predecessor, Social Democrat Olaf Scholz, whose disapproval rate hit a disastrous 76 per cent before his party was rejected by voters in last year’s elections. The chancellor’s Christian Democratic Union (CDU) is also struggling in the…

Nearly ten years ago, Colin Kaepernick sat, then knelt, for the national anthem for the first time. Fast-forward ten years, and the once-iconic athletic apparel brand that embraced him is also on its knees. Nike shares have fallen nearly 80% from their 2021 peak, resulting in a catastrophic $200 billion loss in market value. Those staggering economic figures result from massive declines in sales, as the company has failed to keep up with shifting consumer preferences and rising competition. One of those who not only noticed the precipitous decline of the largest American sports apparel brand but also spoke to the…

It took Rosie O’Donnell less than 30 second into her Wednesday night Jimmy Kimmel Live! monologue to cram in a dig aimed at President Donald Trump’s White House aide, Natalie Harp. “A special hello to those of you watching from home and from the White House,” O’Donnell began. “But I do have some bad news for President Petty Roosevelt. That’s all I’m going to say about you tonight, sweetheart.” But that wasn’t all O’Donnell was willing to say about President Trump. “You got to realize it’s time to hang up your wig and let Natalie tuck you in,” she said, prompting a big…

Australia has summoned the Israeli ambassador over the decision not to investigate the deadly World Central Kitchen strike Israel has acknowledged that its troops killed Hind Rajab, a five-year-old Palestinian girl, and opened a criminal investigation into the incident. At the same time, it has refused to pursue a probe into the death of seven World Central Kitchen aid workers in a separate attack.Both incidents occurred in 2024 and prompted international outrage over the conduct of Israeli forces, making them among the most notorious civilian casualties of the Gaza war. The contrasting decisions have triggered outrage over Australian citizen Zomi Frankcom,…

ISIS is expanding across West and Central Africa, killing large numbers of Christians, particularly in the Democratic Republic of Congo. Photo courtesy of Actualite.cd. Christians have been killed in multiple attacks across Africa in the past several days, with fresh violence reported in Nigeria, Cameroon, Mozambique, Sudan, the Central African Republic, and the Democratic Republic of Congo. In Nigeria’s Plateau State, suspected Fulani militants have struck repeatedly in the past two weeks. On August 5, gunmen killed three Christian brothers in a nighttime ambush at Tarrai Jol Hamlet in Riyom Local Government Area. On August 16, roughly 100 gunmen attacked…

Hong Kong-based CK Hutchison announced it seeking $1.5 billion in damages through international arbitration proceedings launched against Panama on Wednesday over the loss of two key Canal contacts this year. The company claimed on its website that it launched the arbitration against Panama and is seeking the claimed amount in damages over what it described as the “destruction” of its investments in the Central American nation. “Panama has demonstrated that it has become a risky country that disregards the rule of law, corporate form, the scope of parties to a contract, the scope of arbitration agreements, treaty rights and the…

Communist dictator Kim Jong-un’s sister, the powerful North Korean official Kim Yo-jong, published one of her signature tirades on Thursday mocking South Korea in the context of President Donald Trump ordering a reduction of the scale of annual military exercises with Seoul. The missive Kim Yo-jong published on Thursday is the second such extensive commentary on Trump’s decision, which he said in a statement on his website, Truth Social, he took in response to Kim Jong-un maintaining a respectful relationship with the American president personally, identifying the “Ulchi Freedom Shield” exercises as needlessly belligerent. Kim Yo-jong published her second long-form…

Cutting off Iran’s oil exports is dealing a financial blow to the IRGC. Photo courtesy of The Caspian Post. The United Arab Emirates announced an indefinite trade and financial embargo on Iran on August 19, after its Defense Ministry said it detected two ballistic missiles fired from Iran toward “maritime traffic” in the Gulf, one of which fell inside Emirati waters. The UAE Foreign Ministry said the move came in light of “escalations that undermine peace and security in the region,” and confirmed that all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice. Retired…

AI is beginning to weigh on labor markets across major developed economies, with the effects varying by industry and seniority level, according to new research from Goldman Sachs. CNBC reports that the Wall Street investment bank found that industries with greater exposure to AI automation have generally seen slower job openings growth since the second half of 2022. That relationship is particularly pronounced in Germany, Australia and the United States, Goldman said in a report published this week. Employment in information and communication services, among the industries most exposed to AI, has slowed across nearly all major developed economies according…