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Submitted by QTR’s Fringe Finance When Henry Paulson steps back into the public conversation after years of relative silence, it’s not random timing. This is someone who sat at the center of the 2008 financial crisis and understands how quickly confidence can evaporate once stress begins to build in core markets. Paulson also appears to be one of about…oh, I don’t know…six people in the entire nation who know that $39 trillion in debt is an unsustainable level for the country. If you ask me, his recent interview with Bloomberg that is being passed around by traders should be read less as random innocuous commentary and more as a timing signal. In his interview, Paulson is explicitly warning that the scale of U.S. borrowing is now testing confidence in the Treasury market itself. With federal debt approaching $39 trillion, he points to the risk that the long-standing assumption of endless demand for U.S. government debt may no longer hold. As he put it, “That’s a dangerous thing,” describing a scenario where foreign demand declines and Treasury prices fall. …
Screenshot A YouTuber driving a Tesla Model X the entire length of the Americas ran out of battery in Chile’s Atacama Desert — the driest place on Earth — and had to deploy emergency solar panels on the side of the highway to survive. The whole ordeal, captured on video, is a fascinating look at both the promise and the very real challenges of long-distance EV travel in regions where charging infrastructure remains sparse. Overlanding the Americas in a Tesla Model X Sandro van Kuijck, an Oregon-based creator who runs the YouTube channel EverydaySandro, has spent the past three years driving his Tesla Model X — nicknamed “Beluga” — from the northern terminus of the Pan-American Highway in Tuktoyuktuk, Canada, toward the southern tip in Ushuaia, Argentina. Chile marked country number 14 on his solo expedition. Beluga is no ordinary Model X. Van Kuijck converted the electric SUV into a full-time overlanding rig with a custom slide-out kitchen, induction cooktop, running water, a refrigerator, and a sleeping setup — all while keeping the exterior mostly …
Bankrupt Spirit Airlines appears to be flying on fumes, with a late Friday report indicating the budget carrier has become so desperate for cash that it has approached the Trump administration for an emergency bailout, even as creditors mull pulling the plug at any moment. Aviation news website The Air Current reports that Spirit has asked the Trump administration for “hundreds of millions of dollars in emergency funding” to offset the surge in jet fuel costs that have pushed the carrier even closer to “possible liquidation.” The report was based on multiple accounts from individuals familiar with the situation. In a separate report, CBS News also confirmed through its sources that “Spirit is looking for a lifeline” and that creditors are questioning whether the airline can meet future multimillion-dollar debt payments due to surging jet fuel costs. The airline had been aiming to exit its second bankruptcy since 2024 by this summer, but the U.S.-Iran conflict spiked jet fuel prices so quickly that it appears the airline had limited hedging in place to offset the …
A UK government campaign for emergency preparation includes advice on a kit including nine items that households might need in various kinds of disasters. The emergency kit, along with other pieces of advice for emergency preparation, was put together so households can be ready for a number of events, such as extreme weather, conflicts, or infrastructure failure. Brits should have emergency plans in place, and it’s useful to have these kits ready to go at any time. “Consider what supplies you and your household might need during an emergency lasting a few days, such as a power cut or water outage, or situations where you are advised to stay at home or to leave your home (evacuate) for safety reasons,” the official advice reads. These kits should be located in a place where they’re easy to find, especially if the power goes out and you don’t have lights on in your home. “You should ensure you have enough of the medication you need to keep you going for several days,” the official advice adds. As …
Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Carrie Ann Inaba has shared that she’s on the road to recovery after experiencing a “small medical emergency” on a flight to New York City. The Dancing with the Stars judge, 58, posted a video Thursday on Instagram to detail how she suddenly felt sick during her flight. She received help from the in-flight crew, before being met by paramedics at the gate when the plane landed, and transported to the emergency room via ambulance. Inaba gave an update on her health Friday, telling USA Today that she was on the mend. She further recalled how she felt “very unwell” on the flight. “I was dizzy, nauseous, very warm and my arms started feeling numb,” she said in a statement to the publication. “I …
Every security company has them — those yard signs and window stickers you display to let trespassers know that your home is monitored by a security system. But starting Tuesday, ADT is offering a security device I’ve never seen before: a smart yard sign that lights up at night. Powered by AAA batteries, the Live Light connects to ADT’s hub and can be controlled via the ADT Plus app. You can turn it on at night, which helps notify potential burglars who would otherwise miss a sign in the dark. And if the security system alarm is tripped, the sign will automatically turn on. A representative from ADT didn’t immediately respond to a request for comment. The Live Light costs $50 when bundled with a professional installation, and right now, it looks like that’s the only way to purchase the smart sign. I wonder if other security brands will follow suit with smart signs of their own — it’s an interesting idea that could also add a smart light to the shadowy corners of your porch or walkway. ADT’s …
On Tuesday, Amazon announced it would be acquiring Globalstar, a company that manufactures and operates low Earth orbit satellites with the spectrums needed to communicate with devices on the ground. Amazon also says it is partnering with Apple, which has relied on Globalstar to provide off-grid emergency communication features on devices like its iPhone and Apple Watch. The $11.57 billion deal is Amazon’s latest effort to take on Elon Musk’s Starlink. It comes at a time when satellite internet is becoming critical to the spread of AI tech, but it also adds to concerns about what happens when our orbit fills up with junk. Here’s what to know about the Amazon deal. Why Did Amazon Buy Globalstar? Amazon started aiming to fill the sky with satellites in earnest in 2023, when it launched its first satellite for Project Kuiper. Amazon is now developing those efforts under the name Project Leo (LEO is an industry acronym for Low Earth Orbit satellites). The goal is to eventually build out a fleet of thousands of satellites that can …
As adoption of electric vehicles increases, crews are having to adapt in real time to a new kind of incident- a fire that burns hotter, last longer and demands more water to be vanquished. When a car catches fire, the response has historically been predictable. Crews arrive, deploy hoses, suppress the flames, and bring the incident under control within a relatively short window. The risks are well understood, and the playbook is familiar. Electric vehicles are beginning to change that. Fires involving lithium-ion batteries behave differently—hotter, longer-lasting, and less responsive to conventional firefighting tactics. For fire services, this is not a theoretical concern but an operational shift already underway. A fire that doesn’t behave like fire At the centre of the challenge is the battery pack. Unlike a fuel tank, which burns until its contents are consumed, a lithium-ion battery can sustain its own reaction. This process, known as thermal runaway, occurs when a cell overheats and triggers a cascading failure in neighbouring cells. Heat, gas and pressure build internally, and once the reaction starts, it can …
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