Data Center Cancellations Top $260 Billion in 2026
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(Local opposition has exacted a much higher cost for developers than has been previously understood, according to new Heatmap Pro survey of public records and financial information.)
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https://heatmap.news/daily/260-billion-data-center-opposition <-- shared technical media article
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https://www.brockovichdatacenter.com/ <-- shared related resource, including webmap(s)
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There are of course many upsides to this... water use... energy consumption... other impacts to the local communities of these spreading / clotting tumors...
[sorry 'bout the registration wall]
#water #hydrology #waterresources #datacenter #datacentres #opposition #AI # #DataCenterCancellations #developers #energy #energyuse #communityimpacts #cost #economics #localopposition #financials
@HeatmapNews
#economics — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #economics, aggregated by home.social.
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The danger from #AI and #ML does not come from the #technology, but its owners and controllers. The Luddites didn't smash the looms because they were anti-tech (contrary to modern representations[1]), but because they were forced out of income[2]. That the #tech #oligarchs can't be trusted is on display time again, currently with the #mathematics community[3].
#society #history #politics #economics #epsteinclass
[1]https://www.economicshelp.org/blog/6717/economics/the-luddite-fallacy/
[2]https://www.bloodinthemachine.com/p/understanding-the-luddites-in-the
[3]https://www.wired.com/story/openai-is-pissing-off-a-bunch-of-mathematicians-again/ -
Texas produced roughly $2.9 trillion of economic output in 2025.
Read more: https://t.co/iViwyA1tnV
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SpaceXAI itself was created only a few months ago in July, after SpaceX acquired xAI in a $1.25 trillion deal that consolidated the two companies.
Read more: https://t.co/WbMPjPat6L
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Broadcom, $AVGO, is arranging more than $50 billion in financing for the custom artificial intelligence chip it's developing with OpenAI, per Bloomberg
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Scientist Identifies How Societies Escape Social Crisis
“Past societies escaped periods of crisis by reversing the root cause: the ‘wealth pump’ that takes from ordinary people and gives to elites.
When wages stagnate while the gains from economic growth flow disproportionately to the top, the result is popular discontent, conflict among elites, & weakening state.
Exiting the crisis requires shutting down the wealth pump”
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A.I. has crossed the threshold that its ability to empower a bioterrorist to kill hundreds of millions—that exists today, he said.
Read more: https://t.co/3vIxpPXIMk
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The Federal Reserve has said that the US participation with Japan in intervening to support the Japanese yen in late July was a Treasury Department move, and that its own funds weren’t involved.
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I am sure Equinor will support using the profits from British oil fields for a British sovereign wealth fund in the same way as Norway does. This fund could then be used to speed up the transition to net zero. #ClimateChange #Economy #Economics #capitalism #democracy #ClimateAction #ClimateCrisis
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China managed to get a hold of parts from an F-35 stealth fighter jet after a United Parcel Service employee missed an email warning not to route the shipment through Hong Kong, per Bloomberg.
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BREAKING: Trump will award Elon Musk the National Medal of Science at the White House Thursday.
Sergey Brin, Jensen Huang and Lisa Su will also receive the science medal, while Michael Dell and Satya Nadella will receive the technology medal.
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The FBI arrested and charged an 18-year-old for allegedly planning a mass casualty attack in support of ISIS at the Mall of America, per ABC
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BREAKING: San Francisco is temporarily banning new data centers within its borders, per Bloomberg
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Most Fed officials expect another rate hike by year-end, per minutes from the September meeting.
All 19 Fed officials backed September's hike, which raised rates to 3.75%–4%, the first increase since 2023.
Nearly all officials see inflation risks tilted to the upside.
Some
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BREAKING: The average 30 year fixed mortgage is now 7.63%, per MortgageNewsDaily.
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France will release 10 million barrels of diesel from its strategic reserves as fuel prices surge, per France Télévisions.
It comes days after the G7 agreed to release 100 million barrels of diesel and oil, under pressure from Trump to tap European stockpiles.
France and
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Trump: "I could've done very bad things to Hillary Clinton. I could've done very very bad things to Joe Biden. I could've done very bad things to Barack Hussein Obama ... I can do whatever I want, if I want."
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BREAKING: Ray Dalio says AI is a "classic bubble," and it may be close to bursting.
The billionaire Bridgewater founder says two forces usually pop a bubble: rising interest rates, and investors needing to turn paper wealth into cash.
"Wealth is not the same as money."
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BREAKING: Companies backed by President Trump's sons have won more than $6 billion in active or promised government contracts since the investments were made, per ABC
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Look at this.
Trump announced a $6.6 billion government investment in defense company Anduril.
1789 Capital, where Donald Trump Jr. is a partner, took a major stake in Anduril in June 2025.
Since then, Anduril has won 135 other government contracts worth about $1.8 billion.
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Beware rightwing economic myths such as ‘maxing out the nation’s credit card’ | Letters
By Guardian StaffReaders respond to an article in which Larry Elliott argues that Andy Burnham must challenge neoliberal nostrums
#Economics #Labour #AndyBurnham #Politics #JohnHealey #Budget #Money #Business #Pensions #Taxandspending #BankofEngland #UKnews #JohnMaynardKeynes #AlanGreenspan #TheGuardian #GuardianStaff
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Labour could oversee worst parliament on record for living standards, study warns https://www.theguardian.com/business/2026/oct/07/labour-worst-parliament-living-standards-thinktank-analysis #UkCostOfLivingCrisis #Labour #EconomicGrowthGdp #Thinktanks #Budget #JohnHealey #UkNews #Economics #Business #Politics #EconomicPolicy #Poverty #Society #EnergyBills #HouseholdBills #TaxAndSpending #Housing #Budget2026 #Inflation #InterestRates
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Labour could oversee worst parliament on record for living standards, study warns
By Heather Stewart and Jessica ElgotEnergy and housing costs threaten biggest decline in modern times unless bold action taken, says thinktank
#UKcostoflivingcrisis #Labour #EconomicgrowthGDP #Thinktanks #Budget #JohnHealey #UKnews #Economics #Business #Politics #Economicpolicy #Poverty #Society #Energybills #Householdbills #Taxandspending #Housing #Budget2026 #Inflation #Interestrates #TheGuardian #HeatherStewart #JessicaElgot
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AI agents are getting wallets.
Sui and Alibaba Cloud are teaming up so AI agents can pay for Alibaba Cloud services per call, in stablecoins, settled on Sui.
Set a budget, and your agent handles the checkout. https://t.co/keijOQm4oS
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https://www.europesays.com/people/257615/ AI is heading into a cash-flow negative inflection point, and spending will slow in 2027 #BondYields #DarioAmodei #Economics #EnglandSoccer #Fortune500DigestWeekday #France #Markets #News #tech
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🌱 Growing more than crops—we’re growing a brighter future! We train young people in sustainable agriculture while providing food to vulnerable families in our communities. Together, we’re creating opportunities, fighting hunger, protecting our planet, and empowering the next generation. 💪
#photography #gardnening #sustainability #Climate #nature #NaturePhotography #ClimateChange #food #ClimateCrisis #Economy #environment #Linux #Fediverse #Mastodon #biodiversity #solarpunk #economics -
Disappointing Economic Growth Ahead for the Philippines Until Mid-2028
For Capital Economics, the economic growth of the Philippines will end up disappointing by finishing below the national government’s targets until the middle of 2028, according to a news report by the Manila Bulletin. Capital Economics also sees the inflation rate of the country reaching 5.6% this year.
To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…
The Philippine economy is expected to “disappoint” until the end of the Marcos Jr. administration in 2028 as the lingering effects of the energy shock, weak business confidence, tighter fiscal policy, and El Niño weigh on recovery, according to think tank Capital Economics.
In a report last Tuesday, Sept. 29, Capital Economics forecast Philippine gross domestic product (GDP) growth at just three percent in 2026, before picking up to 4.5 percent in 2027, and 5.5 percent in 2028.
Capital Economics’ forecasts for 2026 and 2027 fall short of the government’s downgraded economic growth targets of 3.5 to 4.5 percent and five to six percent, respectively, while the 2028 projection falls within the five- to six-percent target but remains below the economy’s estimated potential annual growth of about six percent.
Despite the gradual recovery, Capital Economics noted that its growth forecasts for the Philippines from 2026 through 2028 remain below consensus estimates.
“The Philippines has been among the hardest hit economies globally by the energy shock and the recovery will be sluggish,” Capital Economics said.
The think tank noted that the Philippine economy was already on weak footing, even before the global energy crisis caused by the war in the Middle East, due to the fallout from the multibillion-peso flood-control corruption scandal. As such, GDP growth slowed further to a post-pandemic low of 2.3 percent year-on-year in the second quarter.
Capital Economics also cited that the second-quarter GDP expansion was the weakest outside the Covid-19 pandemic and the global financial crisis in 2008 to 2009, while pointing to more timely indicators such as purchasing managers’ indexes (PMIs), which have provided mixed signals on economic activity in the third quarter.
The Philippine economy grew by an average of 2.6 percent during the first half of 2026, well below the government’s full-year growth target.
Capital Economics sees elevated global energy prices keeping Philippine inflation above six percent for the rest of the year, which the think tank said would dampen consumer spending.
Headline inflation eased slightly to 6.1 percent last August, but the Bangko Sentral ng Pilipinas (BSP) expects the September rate to settle within the 6.4- to 7.4-percent range, potentially accelerating amid higher oil and food prices, plus a weaker peso.
Inflation averaged 5.2 percent during the first eight months of 2026, way above the government’s two- to four-percent target band for manageable year-on-year consumer price hikes.
Capital Economics expects Philippine inflation to average 5.6 percent this year, before easing to a within-target three percent next year and 2.3 percent in 2028.
Let me end this post by asking you readers: What is your reaction to this recent development? Considering all the factors and what has happened economically over the past six months, are you convinced that there is no way to boost the nation’s economic growth this year? Do you think the government has been negligent with economic management? Do you find it ironic that as host of the ASEAN Summit, the Philippines is looking like the economic weakling of ASEAN?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco
#ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #BongbongMarcos #business #businessNews #CapitalEconomics #CarloCarrasco #ChatGPT #economicGrowth #economics #economy #EconomyOfThePhilippines #Facebook #Fediverse #finance #financialGrowth #floodControl #foreignDirectInvestmentFDI #foreignInvestment #foreignInvestor #GDP #GDPGrowth #geek #Google #GoogleSearch #governance #grossDomesticProductGDP #growth #Instagram #Investagrams #investing #investment #investors #jobs #ManilaBulleting #Marcos #Mastodon #money #multiculturalism #news #Philippines #PhilippinesBlog #Pinoy #PresidentMarcos #publicService #socialMedia #SoutheastAsia #technology #Twitter #WordPress #WordPressCom -
Albertsons Smith’s Merger Will See 16 Nevada Stores Sold https://www.diningandcooking.com/us/45923/ #Albertson's #Economics #GroceryStore #Nevada #NevadaDining #NevadaFood #NevadaGroceryStores #NevadaRestaurants #Smith's
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"IRAN WAR ONGOING — Day 211
Low-intensity fighting continues. $43.6B Pentagon / $135B+ independent est. 19-23 US KIA. 850+ wounded. 9,045+ killed. No congressional vote. No end in sight."
#Taco #Politics #News #USA #Democrats #MAGA #UN #EU #Canada #Economics #Trade #War #WW3 #Asia #Russia #China #Iran #War #WW3 #Palestine #Israel #Yemen #Election #Pentagon #Hormuz #Gaza
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Hormuz Sitrep
"Shipping in the Strait of Hormuz is under fresh attack, disrupting transit as Brent rises 3.6% in 24 hours, PortWatch count is 4 vessels on October 4 at 5% of typical, crisis pressure at 88 (extreme)."
#Taco #Politics #News #USA #Democrats #MAGA #UN #EU #Canada #Economics #Trade #War #WW3 #Asia #Russia #China #Iran #War #WW3 #Palestine #Israel #Yemen #Election #Pentagon #Hormuz #Gaza
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"The Zionist Regime; One Spark Away from Collapse from Within"
#Taco #Politics #News #USA #Democrats #MAGA #UN #EU #Canada #Economics #Trade #War #WW3 #Asia #Russia #China #Iran #War #WW3 #Palestine #Israel #Yemen #Election #Pentagon #Hormuz #Gaza #Zionism
https://en.mehrnews.com/news/248400/The-Zionist-Regime-One-Spark-Away-from-Collapse-from-Within
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#Destruction of the #USMilitary
"Loyalty vs. Competence: Pete Hegseth’s policies have become the Pentagon's greatest threat"
#Politics #News #USA #Government #Democrats #MAGA #UN #EU #Canada #Economics #Trade #Tariffs #War #WW3 #Asia #Russia #China #Ukraine #Security #Europe #UK #Pentagon
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"How three years of Israel’s genocidal war have changed Gaza
War has devastated Gaza’s economy, education, healthcare, infrastructure and public services, transforming how Palestinians live, work, learn and survive."
#Taco #Politics #News #USA #Democrats #MAGA #UN #EU #Canada #Economics #Trade #War #WW3 #Asia #Russia #China #Iran #War #WW3 #Palestine #Israel #Yemen #Election #Pentagon #Hormuz #Gaza
https://www.aljazeera.com/news/2026/10/7/how-three-years-of-israels-genocidal-war-have-changed-gaza
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"EU quietly braces for nightmare scenario of multiple-casualty hybrid attack"
#Politics #News #USA #Government #Democrats #MAGA #UN #EU #Canada #Economics #Trade #Tariffs #War #WW3 #Asia #Russia #China #Ukraine #Security #Europe #UK
https://www.politico.eu/article/eu-nightmare-scenario-multiple-casualty-hybrid-attack/
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Shell eyes profit windfall from surging fuel prices
Wednesday 07 October 2026 7:33 am | Updated: Wednesday 07 October 2026 9:02 am Shell gave a market update…
#EuropeSays #Britain #Europe #EU #Shell #Oilprices #bigoil #Business #Economics #energy #gas #gasprice #GasPrices #gastax #News #oil #oilandgas #oilandgasservices #Oilcrisis #oilmajor #oilmajors #oilpricecap #oilrefinery #oilsector #oilservices #oilsupply #oiltanker #oilwell #ShellPLC #shellshareprice
https://www.europesays.com/britain/139157/ -
https://www.europesays.com/britain/139157/ Shell eyes profit windfall from surging fuel prices # OilPrices #BigOil #Business #Economics #energy #gas #GasPrice #GasPrices #GasTax #News #oil #OilAndGas #OilAndGasServices #OilCrisis #OilMajor #OilMajors #OilPriceCap #OilRefinery #OilSector #OilServices #OilSupply #OilTanker #OilWell #Shell #ShellPLC #ShellSharePrice
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Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law
By Adam Willems in SeattleAn initiative on November’s ballot aims to overturn the 9.9% tax on earnings above $1m – who’s winning the fight?
https://www.theguardian.com/us-news/2026/oct/07/washington-state-millionaire-tax
#Washingtonstate #WestCoast #USnews #Worldnews #USeconomy #Business #Economics #TheGuardian #AdamWillemsinSeattle
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Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law https://www.theguardian.com/us-news/2026/oct/07/washington-state-millionaire-tax #WashingtonState #WestCoast #UsNews #WorldNews #UsEconomy #Business #Economics
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IMF chief urges governments to tighten belts as global debt levels soar
By Heather StewartKristalina Georgieva says big economies will have to make ‘very touch choices’ as soaring bond yields hit budgets
#InternationalMonetaryFundIMF #WorldBank #KristalinaGeorgieva #Business #Economics #Globaleconomy #Worldnews #Economicpolicy #Politics #AIartificialintelligence #Bonds #UKnews #Governmentborrowing #Interestrates #Publicfinance #Inflation #TheGuardian #HeatherStewart
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IMF chief urges governments to tighten belts as global debt levels soar https://www.theguardian.com/business/2026/oct/07/imf-chief-kristalina-georgieva-urges-governments-tighten-belts-global-debt-levels-soar #InternationalMonetaryFundImf #WorldBank #KristalinaGeorgieva #Business #Economics #GlobalEconomy #WorldNews #EconomicPolicy #Politics #AiArtificialIntelligence #Bonds #UkNews #GovernmentBorrowing #InterestRates #PublicFinance #Inflation
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https://www.europesays.com/unitedstates/21350/ Is AI Contributing to a Frozen U.S. Housing Market? #ai #economics #FinanceAndBanking #ForeignPolicy #FpInsider #homepage_regional_americas #OnesAndToozeFpInsider #USFederalReserve #USForeignPolicy #UnitedStates
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## French government debt exceeds 120% of GDP
Prof #RichardMurphy in taxresearch.org.uk:
> “France is consequently subject to the European Union's Excessive Deficit Procedure. The EU expects France to reduce its deficit and constrain expenditure growth. That, however, creates an obvious problem. The neoliberal reforms have not delivered sufficient growth to resolve France's fiscal problems, but because they have not done so, France is now being told that it needs more fiscal restraint. Let me be blunt: that is neoliberalism prescribing more neoliberalism to cure the failure of neoliberalism.”
I picked on this paragrraph to highlight the utter sutpidity of #EconomicRationalist #NeoLiberals. When poisoned, just take more poison and hope that cures you. So **yes**, a change jn economic systems seems a better alternative to the *snake oil* remedies.Read more:
https://www.taxresearch.org.uk/Blog/2026/10/07/is-france-jettisoning-neoliberalism/
#France #Economics #PresidentialElections #FrenchPol
#MMT #TaxTheRich -
Apparent exodus of super-rich suggests UK is no longer billionaires’ playground
By Helena Horton and Lauren AlmeidaIf recent complaints are believed, London and the UK are no longer welcoming for ultra-high net worth individuals
#Thesuperrich #UKnews #Taxandspending #Tax #Economics #London #Money #Politics #TheGuardian #HelenaHorton #LaurenAlmeida
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Brazil's Economic Crossroads: Fiscal Rules, Debt Dynamics, and Structural Resilience: An analysis of Brazil's economic trajectory highlights the tension between strong domestic demand and persistent fiscal vulnerabilities, requiring decisive adjustment to anchor inflation and support sustainable growth.
https://tnl.st/3rq2n2
#article #Economics #FiscalPolicy -
Significant Soil Warming Across Alaska Permafrost And Non-Permafrost Regions From 1997 To 2023
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https://doi.org/10.3389/fclim.2026.1887902 <-- shared paper
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https://phys.org/news/2026-10-alaska-soil-permafrost-regions-fastest.html <-- shared technical article
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H/T @Tom Harris | Climate Science Writer and Climate Advocate
“Permafrost warming in Alaska is reaching considerable depths as Arctic Amplification pushes surface air warming past 1.15°C per decade. A 27-year study shows warming deeper than 1m across 100% of measurement sites.
According to the study [link above], some permafrost soils show 2-3°C per decade warming rates at 1.2 metre death during the winter months. This has infrastructure implications as well as climate feedback effects.
The relationship between air and soil temperatures was significantly impacted by the presence of snow in the winter months. The correlation between air and soil temperatures was weakened by the presence of snow in each permafrost region, particularly those with deeper snowpacks. As the air warms at much faster rates in the Arctic, snow levels and pack duration are declining rapidly.
Permafrost melt is hugely important as a future natural carbon source and warming feedback. The International Cryosphere Climate Initiative (www.iccinet.org) project permafrost emissions of greenhouse gasses rivalling the US or China today as the world passes 3°C - something that the current trajectory points to happening within 50 years. The implications for the chances that net-zero can slow warming are obvious…”
#climatechange #permafrost #arctic #arcticamplification #carboncycle #carbonsource #cryosphere #ArcticAmplification #warming #melting #soil #soils #arctic #risk #hazard #cost #economics #damage #humanimpacts #infrastructure #climate #climatefeedback #air #soil #temperature #snow #ice #snowpack #carbonsource #feedback #netzero #Alaska #landscape #weatherstation #monitoring #spatialanalysis #spatiotemporal #warmingrate #seasonal