Article archive
Published news and blog articles, organized by category. Browse older coverage by month or search for a topic. Undated blog guides appear after dated news.
9,066 articles · Newest first
The Thermodynamic Ceiling: Why Cooling May Become AI's Second Strategic Technology
Magnetic-levitation chiller compressors are now being marketed specifically for AI data centers. The question is not whether they work, but whether cooling efficiency is about to become as strategically decisive as GPU efficiency — and…
Follow the Megawatts: AI Load and the Return of Electricity-Driven Industrial Location
AI data centers may be doing to industrial siting what aluminum smelting did a century ago: pulling energy-intensive industry toward abundant generation rather than cheap labor. The economics, the grid-queue mechanics, and what could break…
Before Silicon Binds: Ranking Electricity Against the Other AI Bottlenecks
The binding constraint on AI scaling may arrive through the grid rather than through fabs. This analysis compares lead-time-adjusted capacity across chips, transformers, transmission, generation, and permitting — and finds the binding…
The Winner of This Rivalry Gets Ice Cream. But So Does the Loser.
The competition between two popular ice cream shops in Ramallah inspires fierce loyalties, and a running joke, for lovers of cones piled high with flavors.
The Fed's New Variable: Data Centers as a Monetary-Policy Transmission Channel
Central banks spent decades modeling housing as the economy's interest-sensitive core. AI infrastructure — construction, electricity, and skilled-labor demand — is assembling the same profile at industrial scale. Could AI capex eventually…
The Humble Bottleneck: Electrical Transformers and the AI Economy's Unsexy Constraint
The AI economy's most consequential supply-chain constraint may not be a GPU at all. Large power transformers — slow to build, hard to scale, and made from a specialized steel almost nobody can source quickly — sit between every AI campus…
The Five-Percent Floor: Refinancing Arithmetic, Housing Transmission, and Equity Duration in a High-Yield Regime
The 10-year Treasury yield hovering around 5 percent is not merely a market level but a regime variable that repricing federal debt service, mortgage credit, corporate hurdle rates, and equity valuation simultaneously. A debt-economics…
When Oil and Yields Move Together: Regime Dependence, Breakevens, and the Inflation-Expectations Transmission Channel
Oil prices and Treasury yields are increasingly reported as moving together — a comovement that looks like correlation but is better understood as a regime-dependent transmission through inflation expectations. An empirical-economics…
Gold Above $4,300: One Price, Several Machines — Decomposing Inflation Hedging, Geopolitics, Debt Concerns, and Reserve Diversification
Gold reported above $4,300 is a single price produced by at least four distinct demand mechanisms — inflation hedging, geopolitical risk pricing, sovereign-debt concerns, and central-bank reserve diversification. A decomposition analysis…
Bitcoin Near $85,000, Gold Elevated: A Controlled Test of the Digital-Gold Thesis
Bitcoin reported near $85,000 while gold sits above $4,300 creates an unusually clean natural experiment for the "digital gold" thesis. An asset-comparison analysis of how the two stores of value actually behave under inflation, rates,…
The Two-Speed Economy Measured: Richmond Fed Contraction, Technology Surge, and the Widening Physical-Digital Gap
The Richmond Fed's September manufacturing index has reportedly slipped into contractionary territory even as technology equities surge. A divergence analysis of what regional surveys actually measure, why the physical and digital…
One Economy, Two Speeds: What Divergent Sectors Do to Aggregate Statistics
Capital is flowing to AI while physical sectors face higher rates and soft demand. N43 examines the mechanics of a two-speed economy, why headline statistics can mask sectoral divergence, and what historical precedents say about how these…
World leaders say UN Security Council failing to function
World leaders say UN Security Council failing to function
Yields First, Currencies Later: The Sequencing Question in U.S. Fiscal Deterioration
Howard Marks' discussion of U.S. debt poses the analytical question: at what point does fiscal deterioration affect currency preference rather than merely Treasury yields? N43 examines the transmission sequence, reserve-composition…
Europe’s centrists are finally paying the price of their extremism
The centre’s blind adherence to austerity has devastated European societies.
The Capital-Intensity Paradox: When Software Economics Breaks
Software was supposed to require little physical capital. Frontier AI requires data centers, electricity, chips, cooling, and transmission. N43 examines why software economics broke, what the new capital cycle means for depreciation and…
CNN Staffers Panic over Paramount Merger: 'Bloodbath Coming,’ Newsroom Is ‘Like a Funeral’
Paramount’s looming acquisition of CNN parent company Warner Bros. Discovery is reportedly sending shivers down the collective spines of news gathers at the 46-year-old legacy outlet. The post CNN Staffers Panic over Paramount Merger:…
Inflation Now, Deflation Later: The Timing Paradox of AI's Price Effects
AI may be inflationary now — construction, investment demand, power costs — and deflationary later, through productivity and lower production costs. N43 examines the phase model, what determines the crossover, and how central banks handle…
Railways or Dot-Com: Which History Does AI Investment Repeat?
Could AI investment resemble railroad construction more than the dot-com boom — upfront fixed investment, overbuilding, spillovers, speculation, consolidation? N43 compares the two historical structures, what each analogy gets right, and…
The real lesson from a Catholic bishop who reached Rat Pack levels of fame
Sheen’s almost supernatural willingness to bear wrongs lightly mirrors the example of Christ himself.
Using AI, a professor wrote 200 papers this year. Researchers are alarmed.
An online platform removed 257 papers written or co-written by the University of Chicago’s Nicholas Polson after other academics raised questions.
Texas turning blue may hinge on Democrats harnessing data center opposition
Data center opposition is reshaping Texas' 2026 governor and Senate races as voters raise concerns over power, water and utility costs.
How conservatism went from Reagan to Trump
In the decades following World War II, the American right coalesced around fusionism — the idea that individual liberty and limited government could coexist with religious faith and traditional morality. Today, that coalition is divided.…
When the State Steps Back: Can Decentralized Science Substitute for Government Climate Assessment?
Community researchers are moving to fill the space vacated by changes to U.S. climate-reporting programs. The question is not whether volunteer effort is valuable, but whether it can replicate the specific functions — mandated synthesis,…
Also explore blog articles and guides or search all DutyStation pages.