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:
- Peace (1 reply)
- Speak your truth, fight and believe. (1 reply)
- Large banks have too much AI data center debt? (1 reply)
- GOP misleading on federal health care funding (1 reply)
- Feds indict civil rights group (3 replies)
- Georgia issues burn ban, first time in state history (2 replies)
- State of TN proposes exempting voucher students from standardized testing (1 reply)
- UAE asks for financial assistance? (1 reply)
- Are our deployed military going hungry? (1 reply)
- Tennessee passes bill to restrict college students' protests (1 reply)
- Inflation up, gas up, food up, consumer sentiment lowest ever (1 reply)
- Some AI uses are "outside the bounds of safe/reliable technology" (2 replies)
TN Progressive
- Pellissippi Parkway extension delayed again (BlountViews)
- Blount County early voting record turnout (BlountViews)
- Louisville, TN, town center coming soon? (BlountViews)
- Siemens expending in Blount County, But... (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
- US House members scrutinize ‘big, beautiful’ law’s loan limits for nursing degrees (TN Lookout)
- US House rejects constraint on Trump action in Iran, one day after Senate (TN Lookout)
- Longtime US Rep. Cohen announces he won’t run in Tennessee’s gerrymandered districts, ends campaign (TN Lookout)
- Trump elections order would create chaotic ‘nightmare,’ Democrats and allies tell court (TN Lookout)
- US Supreme Court rules telehealth abortion can resume while lawsuit continues (TN Lookout)
- The redistricting frenzy is scrambling the midterm elections. Here’s where things stand now. (TN Lookout)
Knox TN Today
- NCAA softball play starts; golf makes big comeback (Knox TN Today)
- Dishing It Out: Best Macaroni and Cheese (Knox TN Today)
- Foothills expands Smokies + War on kudzu + Flotilla update + MuMu festival ++ (Knox TN Today)
- Tory is ready for every adventure, especially one with you (Knox TN Today)
- East Tennessee welcomes Budweiser Clydesdales (Knox TN Today)
- Close to Home, Far from Ordinary: Maryville: More than a pass-through town (Knox TN Today)
- Knox sheriff race enters new chapter after election and new indictments tied to narcotics investigation (Knox TN Today)
- Blue Ridge Yoga & Zoo Knoxville presents “Yoga at the Zoo” on May 29 (Knox TN Today)
- Hiking with Harrington: Round Top Trail (Knox TN Today)
- 5/15 HEADLINES: News and events from Knox, World, USA, Tennessee, & Historic Notes (Knox TN Today)
- Outdoors is medicine (Knox TN Today)
- Secondhand Sisters find another Treasure & Tales (Knox TN Today)
Local TV News
- Cumberland County teacher accused of inappropriate communication with students (WATE)
- Johnson City victim's mother speaks out on AI-produced explicit content (WATE)
- TBI issues Silver Alert for missing Knox County man (WATE)
- Lady Vols open Knoxville Regional with win over Northern Kentucky (WATE)
- Removal of Pulitzer Prize winner "Roots" from Knox County Schools causes backlash (WATE)
- Luke Combs raises $100,000 for East Tennessee children's charity (WATE)
News Sentinel
State News
- ‘You can’t unsee that’: Convicted child rapist from Signal Mountain to serve two life sentences - Chattanooga Times Free Press (Times Free Press)
- Erlanger East Hospital embarks on $122M expansion to serve growing area - Chattanooga Times Free Press (Times Free Press)
- Motorcyclist killed in crash on Highway 153 in Hixson - Chattanooga Times Free Press (Times Free Press)
- Chattanooga amphitheater will bring music festivals back, developer says - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- Trump says Xi agrees Iran must open strait, but no sign China will weigh in - Reuters (US News)
- Long Island Rail Road Strike Shuts Down Busiest U.S. Passenger Rail Service - The New York Times (Business)
- Swatch shuts stores after crowds queue for new watch - BBC (Business)
- Trump says U.S. has killed Islamic State leader in Nigeria - CBS News (US News)
- Trump Just Gave China’s President Exactly What He Wanted - Slate (US News)
- The Countries Profiting From the War Oil Shock, as Others Lose Out - The New York Times (Business)
- This Republican voted to convict Trump. Now he's up for reelection. Can he survive? - NPR (US News)
- I used AI to help market my bagel shop. Then the one-star reviews came in. - Business Insider (Business)
- SpaceX shareholders approve 5-for-1 stock split ahead of IPO, reports Bloomberg - Yahoo Finance (Business)
- ‘Unhinged’ bond yields resets Fed rate-cut odds - thestreet.com (Business)
- Supreme Court blocks effort to revive Va. voting map that bolsters Democrats - The Washington Post (US News)
- Tennessee’s sole congressional Democrat won’t run again after redistricting - The Washington Post (US News)
- Trump Fed nominees oppose terms of keeping Jay Powell as temporary chair - Financial Times (Business)
- Colorado Gov. Polis commutes ex-election clerk Tina Peters' sentence after Trump pressure - PBS (US News)
- Texas children’s hospital to create first detransition clinic in win for Trump - The Guardian (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.