#dotcom-bubble-comparison

#dotcom-bubble-comparison

Over the years, there have been Populists, Progressives, Farmer-Laborers, Unionists, Constitutional Unionists, Unconditional Unionists, Know-Nothings, Nullifiers, Readjusters, and more. My favorite party with a presence in the chamber is the Silver Party, founded to support a platform of bimetallism, or backing the country's money with silver as well as gold.

In the 17th Congressional District, incumbent Rep. Ro Khanna is facing a challenge from tech founder Ethan Agarwal, a fellow Democrat. Agarwal is an opponent of the ballot initiative to levy a one-time, 5% wealth tax on Californians with more than $1 billion in assets.

Hundreds of billions of dollars are being invested to ensure that AI succeeds, but what happens if it doesn't pay off? Massive investments by the world's biggest tech companies have fuelled growing concern about whether the AI boom can live up to expectations. With so much future revenue riding on the technology, some economists warn that reality may fall short, raising fears about the consequences for the global economy.

For one, there's the sheer speed and breadth of it. In the span of two days, hundreds of billions of dollars were wiped off the value of stocks, bonds and loans of companies big and small across Silicon Valley. Software stocks were at the epicenter, plunging so much that the value of those tracked in an iShares ETF has now dropped almost $1 trillion over the past seven days.