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nakedcapitalism.com
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More than 500,000 Americans filed in 2025, nearly 50% above the 2022 count. The consumer credit cycle is turning while the headline economy still reads as fine.
Reality
States want roughly $200 billion and product changes; Meta says the ask reaches $1.4 trillion. The OpenAI and Ellison stories are real but, as reported, carry no magnitude.
Reality
Two former utility research heads argue water scarcity is now an energy-security problem. For anyone siting a plant or a data center, that moves water out of the ESG appendix and into diligence.
Reality
The Constitutional Council struck down Macron's flagship social media ban days before it was due to take effect, and its reasoning sets the test every EU age-assurance mandate now has to pass.
Reality
Millionaires captured more than half of post-pandemic income growth while poverty hit a record for a third straight year, per The City Reporter. Demand and politics both narrow.
Reality
SNAP cuts have pushed 4.5 million people off benefits and food banks say they cannot make up the gap. If you sell discretionary goods to that cohort, reprice your assumptions.
Reality
Treasury promises restrictions "never seen" and the Pentagon says the blockade can run indefinitely, while a record carrier deployment and 45 lost Reapers show what holding the line costs.
Reality