Political cartoonist Ted Rall and CIA whistleblower John Kiriakou explain why Wednesday's landmark hearing before the Supreme Court about President Trump's tariffs may be the most important constitutional case of our lives, how AI spending surges toward $400 billion this year on infrastructure may be a warning sign of a corporate bubble about to burst, how New York City’s big mayoral election tomorrow will widen the schism within the Democratic Party and handicaps the seriousness of Trump’s threats of "guns-a-blazing" military action against Nigeria over alleged Christian persecution.
- Supreme Court Tariff Showdown: The Supreme Court hears arguments Wednesday on Trump's IEEPA tariffs, deciding if the 1970s law authorizes import taxes amid global trade reshaping. Treasury Secretary Scott Bessent says that Trump raised alarms on a trade crisis tipping point, justifying emergency leverage like a theoretical pre-2008 housing warning. A loss risks chaotic refunds, revenue dips brightening fiscal outlooks, and undermined deals, curbing the Oval Office's quick "tariff switch."
- AI Bubble Warnings: Tech firms project $400 billion in AI infrastructure spending this year, outpacing Apollo's moon mission costs every 10 months, yet U.S. consumers spend only $12 billion annually on services. Startup “Thinking Machines” secures $2 billion at $10 billion valuation without products, with Mira Murati dodging investor questions in absurd pitches. Hyperscalers use Special Purpose Vehicles and accounting gimmicks to hide high costs and low revenues, driving momentum in stocks detached from fundamentals as usage declines in enterprises.
- NYC Mayoral Frenzy: Candidates crisscross New York’s five boroughs, as early voting surges past 735,000 ballots under sunny skies with 50-minute waits. Democratic socialist Zohran Mamdani mobilizes 100,000 volunteers for 200,000 door knocks, eyeing record-breaking get-out-the-vote amid barbs accusing Andrew Cuomo of being Trump’s puppet. As Mamdani prepares for victory, the progressives-vs-corporatists schism in the Democratic Party will once again explode.
- Trump Thereatens to Invade Nigeria: Trump orders Pentagon planning for potential "guns-a-blazing" intervention in Nigeria, citing Christian persecution and halting aid. Spokesman Daniel Bwala counters that unilateral action is impossible in sovereign Nigeria, blaming misleading outdated Boko Haram reports. Violence impacts Christians and Muslims via insurgents and gangs; Tinubu rejects designation, vowing faith community protections.