A senior administration official told NBC News that they expect 5%-10% of the federal workforce to quit, which, they estimate, could lead to around $100 billion in savings
The Federal Government spends $100b less, but now the workers will have $100b less to spend on goods and services. It's not a "saving". Hopefully not many take the bait.
All full-time federal employees are eligible, except for members of the military, employees of the U.S. Postal Service, positions related to immigration enforcement and national security and other jobs excluded by agencies.
When Dollar is replaced as the reserve currency, America's imports will shrink and there may be inflation. But it won't result it in defaulting on its domestic currency.
Any austerity on the US will be self-inflicted (as it is in the UK and Europe). The unwillingness of the US Government to take over the economy from the parasites will make things much worse.
This means that they most likely went for lighter AI models that use fewer resources, so that they run smoothly without putting too much strain on the machine.
Pretty good. Captions are one of the legitimate uses of "AI".
To be sure, consumers would benefit from lower-priced goods. But persistent economy-wide deflation can also trigger a vicious cycle of lower spending and investment, leading to even weaker growth and higher unemployment.
Unless countered by increased Government spending, they have implemented some stimulus measures but I hope they go for more.
Central Government can always unconditionally invest and spend without caring about turning money into more money.
Its why real wages and unemployment are better measures than solely looking at prices.
Capitalist magazines can't imagine Government doing stuff other than weapons for genocide or bank bailouts.
"liberation" i dont think its liberation to have bread prices rise by 900%.
It could be considered "fine" if it were only temporary but most likely their real incomes will continue to stagnate for years, decades.
There won't be any significant recovery. Israel and Turkey are taking their territory, reducing their real resources. The state is completely non-functional and cannot mobilize whatever local resources are available.
I would rather the CEO be jailed and made to work, but that requires a state willing to do it. "Murder" is the next best thing and can be done by anyone.
If he were smart, he would bring back the Colon and stop using US Dollars. But noo he has to do stupid shit like Bitcoin.