Click on the Manage Content for adding and managing content.
Click on the Rotator Settings and choose what and how it will be displayed.

California Sues Trump Administration Over Repeal of EPA Endangerment Finding

Kraig Pakulski 0 10 Article rating: No rating
California is challenging the President Donald Trump administration over the decision to repeal the U.S. Environmental Protection Agency’s (EPA) Endangerment Finding.  Governor Gavin Newsom and Attorney General Rob Bonta on […]

The post California Sues Trump Administration Over Repeal of EPA Endangerment Finding appeared first on edhat.

The White House just laid out how it wants to regulate AI

Kraig Pakulski 0 18 Article rating: No rating
President Donald Trump signed an executive order last year to curbs states' ability to regulate artificial intelligence.

By Hadas Gold, CNN

(CNN) — The White House on Friday released its long-awaited national artificial intelligence legislative framework, a move to prevent states from enacting their own laws and enforce the Trump administration’s light-touch approach to AI regulation.

The framework stems from an executive order President Donald Trump signed in December that blocked states from enforcing their own regulations around artificial intelligence and covers a broad spectrum of AI concerns, from data centers to AI scams.

The White House’s framework could have far-reaching effects on US efforts to dominate AI, which is starting to play a bigger role in everything from jobs to the stock market and the way people find information. But the technology still poses safety risks as companies race to adopt it and infuse it into their products.

The administration outlined six objectives for Congress intended to balance rapid innovation with public trust, from data centers to government censorship.

“The White House’s national AI legislative framework will unleash American ingenuity to win the global AI race, delivering breakthroughs that create jobs, lower costs, and improve lives for Americans across the country,” Michael Kratsios, Assistant to the President for Science and Technology and director of the Office of Science and Technology Policy, said in a statement.

The framework calls on Congress to give parents better “tools” to manage their children’s digital presence, before calling on Congress to streamline data center permits so they can generate power on site, as well as augment existing legal efforts to combat AI-enabled scams.

The administration is also proposing what it says is an approach to balance enforcing intellectual property rights with the need to train AI models using real-world content. It called on Congress to “prevent the United States government from coercing technology providers, including AI providers, to ban, compel, or alter content based on partisan or ideological agendas.”

Congress shouldn’t regulate AI through a single rule-making body and should instead do so through sector-specific regulatory bodies, the administration said. The policy also directs Congress to preempt any state laws regulating the way models are developed.

Artificial intelligence is already subject to little overall oversight as it extends into more areas of American life — from personal communications and relationships to health care and policing.

In the absence of broad federal legislation, some states have passed laws addressing potentially risky and harmful uses of AI, such as the creation of misleading deepfakes and discrimination in hiring.

The White House, as well as several prominent figures in AI, say navigating a patchwork of state regulations could slow down innovation and affect America’s competitiveness in the global AI race with China, which they say will have implications for the economy and national security. But the push to block state-level AI regulation has also raised concerns about AI c

Gold is having an awful week for a worrying reason

Kraig Pakulski 0 15 Article rating: No rating
Gold bars on a table in a safe at precious metal dealer Pro Aurum on February 2

By John Towfighi, CNN

New York (CNN) — The war with Iran is disrupting global oil flows, damaging energy infrastructure and raising fears of prolonged conflict. But gold, usually considered a safe haven during periods of economic uncertainty, has slumped.

Gold has dropped nearly 10% this week, putting it on track for its worst week in 43 years and bringing its decline since the war began to 13%.

In times of turmoil, investors often buy gold, betting it will retain its value if inflation spikes, currencies drop or crisis hits. Yet surging energy prices because of the Middle East conflict are prompting central banks across the globe to rethink the outlook for interest rates. That matters a lot for gold.

The turmoil has also sparked a dollar rebound and prompted investors to reassess their holdings.

Here’s what you need to know:

  • Traders expect the Federal Reserve to hold interest rates steady this year, boosting the appeal of yield-bearing investments like bonds and dampening the appeal of gold, which doesn’t pay income.

Fed interest rates are consequential for markets. The Fed just held rates steady for the second meeting in a row. Traders are pricing in no further rate cuts this year, according to CME FedWatch.

Gold soared in the fall when the Fed cut rates three times in a row. Now Fed rates are expected to hold steady for several more months, pushing bond yields up. That raises the opportunity cost of holding gold.

“I do think that in the recent unraveling of gold prices, higher yields have had a big role to play,” said Hardika Singh, an economic strategist at Fundstrat.

It’s not just the Fed: Central banks across the globe are altering their policy rates in response to the Iran war and the disruption to energy prices. Concerns about inflation are prompting central banks to hold rates steady, or in some cases, like the Reserve Bank of Australia, hike rates.

  • The US dollar has rebounded this month, making gold — which is priced in dollars — relatively more expensive for international investors.

The US dollar’s trajectory is another key factor for gold.

Gold tends to benefit in a weaker dollar environment, since the yellow metal becomes relatively more affordable for investors around the globe.

The dollar is up 2.2% since the Iran war began, halting a monthslong slide. The rebound in the dollar could be dampening the appeal of gold.

Safe haven demand, nerves about inflation and the prospect of higher interest rates have all boosted the dollar. It’s another signal from markets that traders are worried about how the Iran war could disrupt the global economy.

  • Gold had an enormous rally in recent months, and the hype is taking a breather. Investors could also be selling to pay off losses on other assets.

Momentum is waning after gold surged higher across the past two years.

Gold gained 64% in 2025 and posted its best year since 1979. The metal hit $5,000 a troy ounce for the first time in January.

The hype might be fading … for now. Gold on Friday traded around $4,5

RSS
First23392340234123422344234623472348Last