Wed
May 6 2026
06:59 am
By: bizgrrl
Oh No The Capital Allocation System Allocated Capital Badly Again
Large banks including JPMorgan Chase, Morgan Stanley and SMBC are looking to offload risks linked to a glut of debt related to AI data centres, as they reach financing limits, the Financial Times reported.
...
Banks are reportedly approaching risk limits that restrict their exposure to individual borrowers or sectors, and are seeking to free up their balance sheets for further lending.
Brings back fond memories of the 1980s savings and loan crisis and the 2008 financial crisis.
Yeehaw!
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Discussing:
- Alcoa Hwy construction to extend to 2030 (2 replies)
- Smith & Wesson noise problem (3 replies)
- Are Chat bots a waste of time? (1 reply)
- Musicians dropping out of President's Freedom Concert Series (1 reply)
- It's time for new blood in Congress, Barnett in - Burchett out (1 reply)
- Burning Down The House... (2 replies)
- Behind Lege Lies (1 reply)
- Peace (1 reply)
- Speak your truth, fight and believe. (1 reply)
- Large banks have too much AI data center debt? (1 reply)
- GOP misleading on federal health care funding (1 reply)
- Feds indict civil rights group (3 replies)
TN Progressive
- Alcoa property taxes will probably not go up (BlountViews)
- Smith & Wesson not a good fit for Blount County (BlountViews)
- Pellissippi Parkway extension delayed again (BlountViews)
- Blount County early voting record turnout (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
- America As It Is Right Now (RoaneViews)
- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
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- Massive Security Breach Analysis (RoaneViews)
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- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
TN Politics
- Rural Tennessee needs family doctors. Can $200,000 lure them to the state’s small towns? (TN Lookout)
- US Education Department offers two-year trim on student loan interest rates (TN Lookout)
- Rewriting Tennessee’s national park signs insults our ability to reckon with our history (TN Lookout)
- When teens drive less, they don’t register to vote. Here’s how civic groups are adapting. (TN Lookout)
- Stockard on the Stump: Don’t bet your life savings on a gubernatorial debate (TN Lookout)
- Trump couldn’t send troops to the polls without approval of Congress under Dem bill (TN Lookout)
Knox TN Today
- In pursuit of victory, Tennessee coaches the world (Knox TN Today)
- Meet Caleb, Monday’s Parent-A-Child (Knox TN Today)
- Cording at Winston Law + KBA hosts TBA + Jim Bell, Clyde Dunn (Knox TN Today)
- Pedestrian safety—sidewalk saga (Knox TN Today)
- Insomnia and Melatonin. (Knox TN Today)
- Mission Monday: Empowering community ministries. Today’s focus is on Faith N Friends. (Knox TN Today)
- How should Tennessee measure child welfare success? (Knox TN Today)
- 6/22 HEADLINES: News and events from Knox, World, USA, Tennessee & Historic Notes (Knox TN Today)
- 14th Annual Wine and Shine Dinner ahead (Knox TN Today)
- Play catch with Lady Vols softball players (Knox TN Today)
- Norris Lake at Oak Grove + Beaver Creek + West Hills picnic (Knox TN Today)
- Dishing It Out: Million Dollar Spaghetti (Knox TN Today)
Local TV News
- Gas line leak in Farragut, section of S Monticello Drive closed (WATE)
- Three dead after crash on North Broadway (WATE)
- One indicted on second-degree murder charge in Knoxville (WATE)
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- Pigeon Forge to honor 'military hometown heroes' with banners for America 250 (WATE)
- KFD: One injured after ceiling falls at East Knoxville home (WATE)
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State News
- Chattanooga Airport board sues Tennessee leaders over board makeup - Chattanooga Times Free Press (Times Free Press)
- 5-at-10: Wyndham Clark, Cape Verde and the home run derby - Chattanooga Times Free Press (Times Free Press)
- Mini Lamine Yamal look-a-like goes viral after meeting Spain superstar - Chattanooga Times Free Press (Times Free Press)
- Dear Abby: Once married, wife realizes her husband is someone else - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- Supreme Court reinstates murder conviction in case of Etan Patz, missing New York City boy - AP News (US News)
- Alan Greenspan, chair of Federal Reserve under 4 U.S. presidents, dies at age 100 - CBS News (Business)
- SpaceX stock down again, shaving off some IPO gains; confirms debt offering - Yahoo Finance (Business)
- U.S.-Iran Updates: Vance says Iran to let international nuclear inspections resume after "good day" of talks - CBS News (US News)
- China Places Two US Rare Earths Producers on Export Control List - Bloomberg (US News)
- Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves - CNBC (Business)
- S&P 500 futures are little changed as investors weigh Iran deal progress: Live updates - CNBC (Business)
- GE Vernova Supplier Soars After $8.5 Billion Sale To CRH - Investor's Business Daily (Business)
- Alberto Carvalho, Los Angeles schools superintendent, resigns after FBI search and months on paid leave - CNN (US News)
- Matt Dunlap wins primary in Maine's 2nd District as Democrats seek to hang on to Jared Golden's seat - CBS News (US News)
- Trump official vows to prosecute ‘vandalizing’ of reflecting pool after five people reportedly arrested – live - The Guardian (US News)
- A rising populist tide is threatening New York’s powerful incumbents - Politico (US News)
- Smoke blankets parts of L.A. after Boyle Heights warehouse fire - NBC News (US News)
- Getty Images Soars 200% in Early Trading After OpenAI Deal - Bloomberg (Business)
- Chinese Oil Imports May Never Fully Recover From Iran War - Bloomberg (Business)
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Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
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Ya know.....
I was wondering if making the most time move off grid/offline was going to be doable as far as sanity goes. It's getting hard to listen to the radio as the cut in NPR funding has resulted in a dramatic loss of radio signal for me.
I've increased the quality of my radios, spent a couple hundreds bucks on a few different things, but the signal quality is just deteriorating. You have to maintain and upgrade equipment. I used to get all four public radio stations that hit the mountains, Tri-cities, BPR, WUOT and WUTC (Johnson City to Asheville to Murphy to Chattanooga). Generally, there would have been routine issues with one or two stations, anymore, I'm lucky to pick up anything.
But here's the thing. The more news I get, the less I want. I wondered what it was like to live in one of those shithole third world nations under siege and underground all my life. It's not that bad. You'd be surprised. We talk about stream flows and compare rain gauge measurements. We match up the chapters in Al Gore's old book to specific weather events and trends that we're seeing. We work on our foundations and build seawalls in a probably futile attempt to combat the forces of nature. We're vigilant and keep an eye on people we don't care for. We have common interests. It's way better than I thought it would be.
Point being, I was always of the mindset that the worse it got down here, the worse it would get in the mountains as well, and it seems to be working just the opposite. The point being, this is an easy collapse to prepare for. If you can garden and barter, and your back isn't broke with debt, and you're willing to work a little extra to eat, you'll be okay. But old school food storage techniques have cut spoilage out of my food budget, so I just go to the Mennonite farm. After three years of figuring it out, it's starting to get easy. It's easy to live a hard life nowadays.