The World’s First Flying Motorcycle Could Hit the Skies by the End of the Decade
But Mayman Aerospace's bonkers mega-drones will be here faster. The inventor of the Speeder jet bike and Jetpack has pivoted into the military market, planning to apply that tech to its civilian proje
By J. George Gorant
The intriguing “flying motorcycle,” formerly known as the Jetpack Aviation Speeder, is moving ahead in its development with a new name—the Razor. “There were just too many things out there calling themselves ‘Speeder,’” says David Mayman, the CEO of both Jetpack Aviation and Mayman Aerospace.
The name change comes as Mayman and company temporarily pivot away from the jet bike and focus on its autonomous, high-speed VTOL, also called the Razor. The military-designated super-drone uses eight small jet turbines, mounted two per corner, to produce speeds above 400 knots, flying to a 20,000-foot ceiling, with a 200-mile range. This unmanned predecessor to what Mayman envisions as his flying motorcycle uses the same tech but offers a more appealing and immediate business proposition for his firm…
Planet Fitness Has Been 'Pretty Much Destroyed,' Says Company Founder Amid Speculation On Boycott Cancellations
Planet Fitness's policy allows gym members to use the locker room associated with their gender identity.
by Caleb Naysmith
Planet Fitness Inc. (NYSE:PLNT) Founder and CEO Mike Grondahl detailed a history of rampant abuse at the company and alleged it misrepresented its financials during a recent interview with controversial right-wing X user Libs of TikTok.
This comes after weeks of calls for boycotts of the brand after the company canceled the membership of a Planet Fitness gym goer after speaking out about a biological male in the women's locker room.
Planet Fitness's policy allows gym members to use the locker room associated with their gender identity. But this policy has led to a few high-profile cases of women feeling uncomfortable in Planet Fitness women’s locker rooms, and some women and children have reported abuse and sexual harassment at the facilities. Many of these incidents resulted in the women losing their membership, but an arrest was made in at least one instance, as previously reported by Benzinga…
David Rogers Webb Testifies to Tennessee State Legislature About Banks Scheme to Steal Everyone’s Assets
More and More States Putting Forth Legislation to Stop “The Great Taking”
by James Patrick
IRS Targeting Middle Class Taxpayers for Audits After $80 Billion Infusion
At the time, I voiced skepticism: Correspondence audits and other audits on low- and middle-income earners are simply the easiest to conduct
By Liz Wolfe
Liar, liar: Back in August 2022, when some of us were fresh-faced and naive, the Internal Revenue Service (IRS) assured us that their $80 billion infusion of cash (over the course of a decade, so they could hire some 87,000 new workers, including but not limited to men with guns) would actually be a means of targeting millionaire and billionaire scofflaws, not ordinary middle-class earners.
At the time, I voiced skepticism: Correspondence audits and other audits on low- and middle-income earners are simply the easiest to conduct. The IRS has historically spent an awful lot of time targeting these groups, not monied tax dodgers who can hire teams of accountants, so why would this time be different?
Vindicated: "The Internal Revenue Service got an audit of its own in time for Tax Day, and two irregularities jump out," reports The Wall Street Journal, having labored through the latest Treasury Inspector General for Tax Administration (TIGTA) reports. "President Biden's plan to hire a new army of tax collectors is falling flat, and the agents already at work are targeting the middle class…
For the First Time in History, the Fed Is Reporting Billions in Losses Weekly; It’s Still Paying High Interest Income to the Mega Banks on Wall Street
As of April 3 of this year, the Federal Reserve (Fed) has racked up $161 billion in accumulated losses.
By Pam Martens and Russ Martens
As of April 3 of this year, the Federal Reserve (Fed) has racked up $161 billion in accumulated losses. We’re not talking about unrealized losses on the underwater debt securities the Fed holds on its balance sheet, which it does not mark to market. We’re talking about real cash losses it is experiencing from earning approximately 2 percent interest on the $6.97 trillion of debt securities it holds on its balance sheet from its Quantitative Easing (QE) operations while it continues to pay out 5.4 percent interest to the mega banks on Wall Street (and other Fed member banks) for the reserves they hold with the Fed; 5.3 percent interest it pays on reverse repo operations with the Fed; and a whopping 6 percent dividend to member shareholder banks with assets of $10 billion or less and the lesser of 6 percent or the yield on the 10-year Treasury note at the most recent auction prior to the dividend payment to banks with assets larger than $10 billion. (This morning the 10-year Treasury is yielding 4.41 percent.)
Operating losses of this magnitude are unprecedented at the of Fed, which was created in 1913. In a press release dated March 26, the Fed stated this: “The Reserve Banks’ 2023 sum total of expenses exceeded earnings by $114.3 billion…
Insurers Spy On Houses Via Aerial Imagery, Seeking Reasons To Cancel Coverage
Insurance companies across the country are using satellites, drones, manned airplanes and even high-altitude balloons to spy on properties they cover with homeowners policies
By Tyler Durden
Insurance companies across the country are using satellites, drones, manned airplanes and even high-altitude balloons to spy on properties they cover with homeowners policies -- and using the findings to drop customers, often without giving any opportunity to address alleged shortcomings.
“We’ve seen a dramatic increase across the country in reports from consumers who’ve been dropped by their insurers on the basis of an aerial image,” United Policyholders executive director Amy Bach tell the Wall Street Journal. Reasons can range from shoddy roofing to yard clutter and undeclared trampolines.
Much of this surveillance is done via the Geospatial Insurance Consortium, which boasts of its coverage of 99% of the US population.
In pitching its ability to provide high-resolution "imagery and insights" for property reviews, GIC says insurers can use the service to "review risk and exposure on a building such as proximity of vegetation to the structure, whether a roof needs updating, and verify the exact location for a policy…
OpenAI and Meta ready new AI models capable of ‘reasoning’
Upgrades are part of a wave of new large language models being released this year
by Madhumita Murgia and Cristina Criddle
OpenAI and Meta are on the brink of releasing new artificial intelligence models that they say will be capable of reasoning and planning, critical steps towards achieving superhuman cognition in machines.
Executives at OpenAI and Meta both signalled this week that they were preparing to launch the next versions of their large language models, the systems that power generative AI applications such as ChatGPT.
Meta said it would begin rolling out Llama 3 in the coming weeks, while Microsoft-backed OpenAI indicated that its next model, expected to be called GPT-5, was coming “soon”.
“We are hard at work in figuring out how to get these models not just to talk, but actually to reason, to plan . . . to have memory,” said Joelle Pineau, vice-president of AI research at Meta…
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