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Monday, July 13, 2026

In an effort to sidestep President Trump's tariffs, the WS Game Company decided to build a special edition Monopoly game in the United States. But the experiment almost didn't pass go.


President Donald Trump's lawsuit against the Internal Revenue Service over his leaked tax returns was filed for an "improper purpose," a judge said Monday in a scathing decision that referred one of his lawyers for discipline and characterized the $10 billion complaint as an exercise in self-dealing.


Millions of Americans are borrowing money or draining their savings to buy groceries, highlighting the financial strain many households face as the cost of living rises, new research has found.


A bipartisan committee on Capitol Hill scrutinized the role of private equity in youth sports, a potential sign that Congress could be inching closer to intervening. The hearing, titled "Field of Fees: Private Equity's Role in the Commercialization of American Youth Sports," comes as Wall Street continues to gain more of a presence in youth sports.


Sunday, July 12, 2026

Major AI data center builders have doubled their debt in five years. read more


Comments

More from the article ...

... The board game Monopoly has always taught some important economic lessons: The benefits of owning real estate. The profit potential of railroad mergers. The value of a get-out-of-jail-free card.
President Trump hopes to encourage more U.S. manufacturing with his import taxes on foreign goods. But an online experiment suggests most people aren't willing to pay a premium for a "Made in the USA" product.
Economy
What a Texas showerhead salesman discovered about 'Made in the USA' labels

Now a special edition of the board game is teaching a new lesson"about how hard it is to make things in the USA.

The game is being marketed by the WS Game Company, which produces most of its high-end board games in China, just like almost every other toy maker.

After getting hit with a seven-figure tariff bill last year, CEO Jonathan Silva decided to see if it was possible to produce a profitable board game in the United States.

He opted for a custom version of Monopoly, pegged to the country's 250th birthday. But the experiment almost didn't pass go. One big problem: No dice.

"We turned over every single leaf trying to find someone who would make 10,000 dice for us in the U.S.," Silva says. "It requires special machinery. It requires investment. And that type of stuff just can't happen on a random Tuesday and be ready in a couple of months."

Silva ultimately had to settle for imported dice.

He was able to find the rest of what he needed domestically, but it wasn't easy. A former Hasbro factory in Massachusetts prints the Monopoly board. A company called Pioneer Packaging makes the tray that holds the Monopoly money. And a small business in Indiana cranked out custom metal game tokens, in all-American shapes like a cowboy hat, a covered wagon and an apple pie.

Just assembling all those different players took more than a year, so Silva missed the first half of the 250th birthday selling season. And the cost to manufacture the games -- which retail for $80 -- was at least double what it would have been in China. ...



More from the article ...

... More than a quarter of working-age adults who relied on credit cards to buy groceries were either unable to pay their balance in full or missed their minimum payment, according to the Urban Institute, a nonpartisan think tank. About one in 10 adults relied on so-called "buy now, pay later" loans to cover their groceries -- of those, about a third missed a payment last year, the analysis found.

About 20% of working-age adults said they had tapped long-term savings that weren't intended for everyday expenses, such as an emergency fund, at least once in the last 12 months to pay for groceries, the researchers said.

"Families still need to eat. They will still need to pay for their basic needs," Kassandra Martinchek, a co-author of the study and public policy expert at the Urban Institute, told CBS News. "Now they have the additional burden of also needing to repay debt -- it could constrain their ability to meet their basic needs in the future and get back on their financial feet."

Over the past five years, grocery prices have jumped 32%, making food affordability a top concern for many Americans, the Urban Institute said. The group's findings are based on a December survey of 7,500 adults ages 18-64.

The findings underscore the growing affordability pinch that many households are experiencing after five years of elevated inflation. In 2026, price increases have reaccelerated due to the Iran war, which has driven up energy costs and pushed consumer prices to their highest level in more than three years.

In a May CBS News poll, more than three-quarters of Americans said their incomes aren't keeping up with inflation. ...



Analysis: The next killer AI feature? No AI at all
www.computerworld.com

... As artificial intelligence creeps into every corner of our lives, an absence of AI may soon be a premium experience worth paying for. ...

AI may well be creating a killer feature that people will be willing to pay to possess. It's just not the one most AI-fixated entities are focused on creating -- quite the opposite, in fact. ...

That, in turn, is creating a whole new category of productivity experience that people are actually lining up to pay for -- a premium feature of sorts, related to AI and its presence in our lives.

Ready for the most delicious irony of all? The killer AI feature of which we speak is a lack of AI -- or at least the ability to disable and avoid it and use it only if and when you want. ...


Update ...

The US launches more strikes on Iran as the standoff over the Strait of Hormuz escalates
apnews.com

... The United States launched several waves of strikes on Iran into Monday morning over an Iranian attack on a container ship in the Strait of Hormuz that set it ablaze and left a crew member missing over the weekend. Iran retaliated by targeting countries across the Middle East.

Missile alert sirens sounded at dawn Monday in Bahrain, home to the U.S. Navy's 5th Fleet. There was no immediate word on damage.

Iranian state media acknowledged the latest attacks on its soil early Monday, describing explosions in several locations with at least one person being killed.

Iranian attacks on Sunday stretched Bahrain, Kuwait, Qatar, Jordan and even Oman " whose territorial waters with Iran make up the strait. The narrow mouth of the Persian Gulf, which once saw a fifth of all oil and natural gas pass through it, has become the key issue challenging an interim deal between the U.S. and Iran.

Iran and the U.S. are nearly at the midway point of the 60-day period of that deal, which was supposed to set up talks for a permanent end to the war. Instead, it has devolved into a series of attacks over the strait and its future, worrying world leaders the Iran war could resume. ...



@#12 ... They are not necessarily losing money on every transaction because defining "transaction" in AI is very complex and involves many different, non-uniform costs. ...

The cost of AI tokens (cost per transaction) has risen significantly.

Palo Alto CEO Arora says AI pricing needs to fall 90% as token costs skyrocket
https://www.cnbc.com/2026/07/09/palo-alto-ceo-arora-ai-pricing.html

... Palo Alto Networks CEO Nikesh Arora told CNBC on Thursday that high token costs need to come down as much as 90% to promote enterprise adoption ...

Rising token costs have emerged as a major pain point for businesses and put a strain on AI budgets. The current pricing, he said, makes AI tools increasingly difficult for businesses to implement. ...


... also, related ...

www.theregister.com

... To put some of these capex forecasts in perspective, I think Amazon is saying that it's planning north of two hundred billion in AI build outs this year. Microsoft's looking at one hundred and ninety billion. Google a hundred and eighty billion. Meta one hundred and forty billion. I mean this is a lot of money being tossed around for potentially no returns, right? ...

How the AI bubble could pop and take down the global economy, according to the BIS
www.theregister.com

... The central bank for central banks is concerned about the eye-watering sums being invested into AI, and it's raising the specter of a global recession should the bubble burst.

In its annual report for 2026, the Bank for International Settlements compared the current craze to historical events, including canal and British railway mania in the 1800s, electrification exuberance of the 1920s, and the dotcom boom of the 1990s.

The report states: "all shared one common trait: a genuine technological breakthrough that attracted capital in excess of what commercial returns could ultimately justify. ...



Will the AI craze burst? I hope not.

But I cannot predict the future ...



Sen. Lindsey Graham dies at 71 from aortic dissection, according to medical examiner's preliminary findings
www.cbsnews.com

... Graham's spokesperson said Sunday afternoon the cause of death was aortic dissection due to Arteriosclerotic Cardiovascular Disease, according to preliminary findings by the Medical Examiner of the District of Columbia. ...

Meanwhile, back at the Kennedy Center...

Democrat announces whistleblower allegations of construction problems at Kennedy Center
apnews.com

... A Democratic senator on Saturday alleged that whistleblowers have detailed several problems stemming from rushed or improper reconstruction of the Kennedy Center, adding a new layer to the travails of the arts complex as President Donald Trump tried to seize control of it and its name.

Sheldon Whitehouse of Rhode Island said in a release on Saturday that he had received a whistleblower disclosure from the Government Accountability Project, a nonprofit whistleblower protection group, alleging that "the Center rushed a series of renovations driven by the President's aesthetic whims and his desire to star in a series of televised events in December."

"The Center's subservience to the President's desires and its corner-cutting contracting practices have resulted in steel columns that are rusting through fresh paint, a reflecting pool that may have to be torn out and rebuilt, and a brand-new bathroom floor torn out over an offending tile color," Whitehouse continued. "This is waste, and it treats a national memorial to President Kennedy as if it were a private renovation project." ...


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