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  • Russia’s ‘disposable-goods’ war economy is getting busier but poorer, and Trump’s new sanctions could trigger a recession, analysts say

    10/26/2025 6:09:29 AM PDT · by Apparatchik · 69 replies
    Fortune ^ | 25 October 2025 | Jason Ma
    Vladimir Putin’s wartime economy has been resilient in the face of Western sanctions triggered by his invasion of Ukraine, but it’s hitting a wall and U.S. pressure on the energy sector could cause a recession, according to experts. Massive defense spending has propped up growth, kept factories humming, and pushed unemployment lower, while Moscow has relied on allies like China for goods no longer available from the West. “But the country has exhausted its reserves of manufacturing capacity and manpower,” Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center and former Russian central bank advisor, wrote in Foreign Affairs...
  • AI could unleash ‘deep societal upheavals’ that many elites are ignoring, Palantir CEO Alex Karp warns

    06/08/2025 4:49:47 AM PDT · by dennisw · 52 replies
    MSN - Fortune Mag ^ | 5 7 | Jason Ma
    He pointed out that it just because it can happen, that doesn’t mean it will happen. The industry has to make it so. “We have to will it to be, because otherwise we’re going to have deep societal upheavals that I think many in our elite are just really ignoring,” Karp said. The warning is especially notable coming from a leader in the AI field. But Karp has also urged the tech sector to take on bigger problems. Amid the debate about AI’s impact on the workforce, Palantir CEO Alex Karp said the technology can have an overall additive effect,...