the "Headline That Caught My Attention or the WTF" thread


In the three-month period from July to September, total credit card debt rose to $1.08 trillion, an increase of $48 billion, or 4.6% from the previous quarter, according to the report. It marks the highest level on record in Fed data dating back to 2003 and the eighth consecutive annual increase.

I think someone has created a catchy term for this economic miracle...
 
Cutting the budget for the resident services. Cutting police in the middle of a crime crisis. Yet people keep on wanting this. Very confusing.

IMG_4764.webp
 

Claiming you didn't receive a package when you did now costs U.S. merchants and financial institutions over $100 billion a year while becoming another driver for inflationary pressures as businesses offset losses with higher prices. This is according to a recent survey by digital identity verification firm Socure.

First-party delivery fraud happens when someone uses their identity to commit a dishonest act for financial gain, with 35% of the 1,000 surveyed Americans between the ages of 18 to 77 saying they admit to doing it, Socure said.

According to Socure, Gen Z consumers are most likely to commit first-party delivery fraud with 52% of them saying they’d commit the crime if they knew there would be no negative consequences, while 20% of Gen Z consumers, a rate three times higher than Baby Boomers, say they don’t consider the act to be ethically wrong.

Gen Z - major indoctrination in schools during this period. Curtain being pulled back.
 

I had always thought it was extremely difficult to file for bankruptcy and have student debt transferred to tax payers.

Oh, here it is. Your money folks.


The uptick in bankruptcy filings comes one year after the Biden administration introduced a new legal pathway that made it easier for borrowers to discharge federal student loan debt in bankruptcy.
 
Very interesting article. Cannot help the names, but read it through. Effects every one of us.


Yeah, they must have pivoted. :rolleyes:

 
Too funny, love the technical euphemism for "Damn thing blew the F up!!", the booster has just experienced a rapid unexpected disassembly.

SpaceX launches giant new rocket, but pair of explosions ends second test flight

On Saturday, about three minutes into flight, the separated booster also exploded over the gulf. By then, though, its job was done.

SpaceX launched its mega-rocket Starship but lost both the booster and the spacecraft in a pair of explosions minutes into Saturday’s test flight.

The rocket ship reached space following liftoff from South Texas, but communication suddenly was lost. SpaceX officials said it appears the ship’s self-destruct system blew it up over the Gulf of Mexico.

The flight came to an end as the ship’s engines were almost done firing to put it on an around-the-world path. The first test flight in April also ended in an explosion.

On Saturday, about three minutes into the flight, the separated booster also exploded over the gulf. By then, though, its job was done.

Despite the failure, the approximately eight-minute flight lasted twice as long as April’s test. At nearly 400 feet, Starship is the biggest and most powerful rocket ever built, with the goal of ferrying people to the moon and Mars.

“The real topping on the cake today, is that successful liftoff,” said SpaceX commentator John Insprucker.

Added commentator Kate Tice: “We got so much data, and that will all help us to improve for our next flight.”

SpaceX founder Elon Musk watched from behind launch controllers at the southern tip of Texas near the Mexico border, near Boca Chica Beach. At company headquarters in Hawthorne, California, employees cheered as Starship finally soared at daybreak. The room grew quiet once it was clear that the spaceship had been destroyed and crashed into the gulf. The booster also ended up in the gulf.

SpaceX had been aiming for an altitude of 150 miles, just high enough to send the bullet-shaped spacecraft around the globe before ditching into the Pacific near Hawaii about 1 1/2 hours after liftoff, short of a full orbit.

Following April’s flight demo, SpaceX made dozens of improvements to the booster and its 33 engines as well as the launch pad. The Federal Aviation Administration cleared the rocket for flight on Wednesday, after confirming that all safety and environmental concerns had been met.
 
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