Wed
May 6 2026
06:59 am
By: bizgrrl
Oh No The Capital Allocation System Allocated Capital Badly Again
Large banks including JPMorgan Chase, Morgan Stanley and SMBC are looking to offload risks linked to a glut of debt related to AI data centres, as they reach financing limits, the Financial Times reported.
...
Banks are reportedly approaching risk limits that restrict their exposure to individual borrowers or sectors, and are seeking to free up their balance sheets for further lending.
Brings back fond memories of the 1980s savings and loan crisis and the 2008 financial crisis.
Yeehaw!
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Discussing:
- What's going on with Chattanooga? (2 replies)
- Open AI escapes, hacks competitor (1 reply)
- Tennessee paying $637 million over 5 years for voucher software program (3 replies)
- Confusion at the Alcoa South Plant (3 replies)
- The Odyssey (1 reply)
- Tennessee: great for business, not so great place to live (1 reply)
- Marsha & China (4 replies)
- AI bubble burst? (2 replies)
- UT paying $2 million to fired professor? (2 replies)
- A bear in Alcoa (1 reply)
- Here are some good Presidents (1 reply)
- Alcoa Hwy construction to extend to 2030 (3 replies)
TN Progressive
- Alcoa property taxes will probably not go up (BlountViews)
- Smith & Wesson not a good fit for Blount County (BlountViews)
- Pellissippi Parkway extension delayed again (BlountViews)
- Blount County early voting record turnout (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
- America As It Is Right Now (RoaneViews)
- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
- Massive Security Breach Analysis (RoaneViews)
- (Whitescreek Journal)
- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
TN Politics
- Washington says goodbye to South Carolina US Sen. Lindsey Graham (TN Lookout)
- Blackburn goes after dark-money group calling her ‘queen pharma mama’ (TN Lookout)
- Tennessee Congressional candidates file final disclosure before primaries (TN Lookout)
- Agency providing legal help to immigrant kids forced to shut doors amid Trump administration cuts (TN Lookout)
- Candidates bank on endorsements as primary draws near (TN Lookout)
- Trump urges US Senate to hold off on August recess until SAVE America Act passes (TN Lookout)
Knox TN Today
- Human organs and otherwise (Knox TN Today)
- Illinois philanthropist helped build Serene Manor (Knox TN Today)
- Daily Connections: Your East Tennessee Guide | July 28 (Knox TN Today)
- Dishing It Out: Grinder Pasta Salad, the viral sandwich-inspired side that eats like a meal (Knox TN Today)
- Fr. Michael Woods + Presbyterian luau + Culvahouse BD + OR pool party + Granny ramp ++ (Knox TN Today)
- Love and money: The conversations every couple needs before combining finances (Knox TN Today)
- Above & Beyond: Volunteers quietly keep Tennessee strong (Knox TN Today)
- What is a VIN? Why it matters more than you might think (Knox TN Today)
- Smokies mascot, players to visit Zoo Knoxville for special family event (Knox TN Today)
- Bizarre Bytes: The surprisingly odd origin of the TV remote (Knox TN Today)
- “Butterflies and Their Host Plants” a Zoom presentation by the UT Arboretum Society (Knox TN Today)
- What really matters: Offensive line improvement (Knox TN Today)
Local TV News
- UT football fan turns 1998 national championship memory into children’s book (WATE)
- Two women arrested after horse stolen from Monroe County (WATE)
- Overcoming Believers Church serves Knoxville community one day after fire (WATE)
- A DQ Blizzard could help Dolly Parton Children's Hospital: Here's how (WATE)
- New boat dock opens in Knox County as halfway point nears in water trail project (WATE)
- Student-produced documentary on Tennessee coach Rick Barnes to premiere (WATE)
News Sentinel
State News
- Silverdale Baptist has potential to end Boyd Buchanan’s region dominance - Chattanooga Times Free Press (Times Free Press)
- Northgate owner not seeking proposed affordable housing project at mall - Chattanooga Times Free Press (Times Free Press)
- Things to do in the Chattanooga area this weekend include Nightfall finale, FarleyCon, margarita festival - Chattanooga Times Free Press (Times Free Press)
- Food Scene: Bona Fide to open Friday on Chattanooga’s Southside - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- Ford Posts Earnings Beat. Its Outlook Is Improving. - Barron's (Business)
- Nasdaq-100 slides into correction as global chip and memory stocks sell off - NBC News (Business)
- In a day of tributes, Lindsey Graham is remembered as a tireless Washington mainstay - NPR (US News)
- Kentucky Gov. Beshear demands McConnell prove ‘capacity to serve’ or resign - The Washington Post (US News)
- Apalachee High School shooter Colt Gray sentenced to life without parole - NBC News (US News)
- Aide Who Had Affair With Newsom 20 Years Ago Details Her Experience - The New York Times (US News)
- Florida puts ex-police officer to death for girl’s murder, first of 2 executions set for single day - AP News (US News)
- eBays agreed to pay nearly $50 million to couple sent cockroaches, bloody pig mask - AP News (Business)
- Judge blocks first state law that would have banned prediction markets - Ars Technica (Business)
- KFC founder Colonel Sanders' personal items, former home and restaurant up for auction - ABC News - Breaking News, Latest News and Videos (Business)
- Samsung and SK Hynix Plunge as China Chip Fears Intensify - Yahoo Finance (Business)
- Wisconsin tornado path of wreckage - FOX 9 Minneapolis-St. Paul (US News)
- Search for North Carolina woman Liz Waddell is still a missing person case, Grenada police say - NBC News (US News)
- Micron Stock Is Falling Even Harder Today and It’s an Ominous Sign - Barron's (Business)
- Blurred front lines: Trump meets Zelenskyy as Ukraine, Iran wars collide - CNBC (US News)
Local Media
Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
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Ya know.....
I was wondering if making the most time move off grid/offline was going to be doable as far as sanity goes. It's getting hard to listen to the radio as the cut in NPR funding has resulted in a dramatic loss of radio signal for me.
I've increased the quality of my radios, spent a couple hundreds bucks on a few different things, but the signal quality is just deteriorating. You have to maintain and upgrade equipment. I used to get all four public radio stations that hit the mountains, Tri-cities, BPR, WUOT and WUTC (Johnson City to Asheville to Murphy to Chattanooga). Generally, there would have been routine issues with one or two stations, anymore, I'm lucky to pick up anything.
But here's the thing. The more news I get, the less I want. I wondered what it was like to live in one of those shithole third world nations under siege and underground all my life. It's not that bad. You'd be surprised. We talk about stream flows and compare rain gauge measurements. We match up the chapters in Al Gore's old book to specific weather events and trends that we're seeing. We work on our foundations and build seawalls in a probably futile attempt to combat the forces of nature. We're vigilant and keep an eye on people we don't care for. We have common interests. It's way better than I thought it would be.
Point being, I was always of the mindset that the worse it got down here, the worse it would get in the mountains as well, and it seems to be working just the opposite. The point being, this is an easy collapse to prepare for. If you can garden and barter, and your back isn't broke with debt, and you're willing to work a little extra to eat, you'll be okay. But old school food storage techniques have cut spoilage out of my food budget, so I just go to the Mennonite farm. After three years of figuring it out, it's starting to get easy. It's easy to live a hard life nowadays.