It’s rare to hear the phrase “new world order” spoken publicly in the post-pandemic world where globalists ultimately failed to implement their spectacular covid coup.  In 2020, they were everywhere in the media bragging about the takeover; reveling in the vast geopolitical and economic changes that would come with their “4th Industrial Revolution”.  Today, there’s barely a whisper of these concepts beyond closed doors. 

High-level globalist and Canadian Prime Minister Mark Carney, however, didn’t get the memo.  His policy initiatives in the great white north are perhaps even more authoritarian than Justin Trudeau’s and more insidious.  Canada is on the fast track to becoming a woke Orwellian nightmare state, and this is putting the country in the direct path of conflict with the US. 

Carney has continued his efforts to pivot away from the United States and align with Europe.  In statements made over the past two weeks, Carney argued that middle-power countries shouldn’t compete for favor with America.

Carney asserts that Canada and the European Union have a combined population that is more than twice that of the United States, a similarly sized economy and a collective defense budget that is twice that of China’s.  He also said smaller nations can multiply their strength by partnering with “like-minded allies” (i.e. far-left globalist governments).  

The Prime Minister claims that Canada and Europe as a “force for good” that upholds values like human rights, dignity, and pluralism.  As opposed to the US?  Carney has been explicit in his antagonism for US meritocracy, nationalism and conservative ideals.  It’s the primary reason why the Trump Administration has targeted Canada with tariffs.  Canada’s woke authoritarianism is becoming a serious problem for greater North America.  

Why give economic advantage to a foreign government that wants to destroy everything you stand for?  

In response, Carney is seeking to join forces with the European Union with a vision for a “new world order” that excludes the US entirely.  

“The new world order will be built starting with Europe…Canada is the most European of non-European countries. We are transforming our cooperation with Europe.”

This rhetoric helps to explain why Canadian representatives have been oddly absent from recent trade negotiations and why Canada is no the only nation in the G7 that is experiencing a recession.  Some Canadians are beginning to wonder if Carney is deliberately trying to sabotage any potential agreement that would end trade disputes with the US?  The answer seems to be “yes”, he is undermining negotiations by simply not showing up.

🚨 CARNEY MISSING IN ACTION 🚨
The U.S. ambassador says Canada and the U.S. are “not anywhere close” to a trade framework.

Now Mexico’s economy secretary says Canada was absent from negotiations.

So what exactly has Mark Carney been doing? pic.twitter.com/dUd7srnGJ8

— Northern Perspective (@NorthrnPrspectv) June 24, 2026

The idea that Canada and Europe will be able to form a counter-economy to the US ignores the fact that the US makes up 30% of global consumer spending.  No other nation comes close.  Even with the struggles of inflation, US consumer markets are a clear driver of trade around the world and there is no replacement.  

The idea of a joint Canada/EU alternative also ignores the fact that these countries are largely socialist, which means their populations are crushed by high taxes, overwhelming bureaucracy and regulations that kill small businesses.  Even if these countries work together, they will never have the business momentum required to drive growth.  They are a lost cause that will sink further and further into full blown communist as a way to compensate.    

Donald Trump’s trade and tariff negotiations have sought to correct the unfair imbalances created by NAFTA under Bill Clinton and George H.W. Bush.  This agreement created the primary nexus point for the globalization of the US economy and it was the final nail in the coffin for US manufacturing.  Both Canada and Mexico were heavily enriched by the trade boost and cross border investments tripled while production jobs flowed out of the US.

The end goal of globalization is clear by the trade agreements that globalists create:  The goal is artificial international wealth redistribution by forcing top tier economies to give up their advantages to smaller economies.  In other words, wealthy countries are being incrementally degraded to make them equal with the lowest common denominator.

The more the US seeks to emulate European models, the more the economy declines.  The same will happen to Canada.  The country does have the means to be far more independent and self reliant, but that would require a dramatic change in national leadership (a conservative and pro-business regime).  It doesn’t look like this will happen anytime soon, and so, Canada faces a long and arduous path to financial oblivion. 

Authored by Kimberly Hayek via The Epoch Times,

Google’s YouTube has settled a lawsuit brought by a 16-year-old Florida boy who says the platform’s features played a role in his social media addiction and harmed his mental health.

The settlement was reached ahead of a second California state court trial set to start on July 27. That trial will review similar allegations against Meta Platforms’ Instagram, Snap Inc.’s Snapchat, and ByteDance’s TikTok.

California state court filings portray the plaintiff, identified only as R.K.C., as first using social media at about age 8. He says he became addicted, lost sleep, and developed depression and anxiety.

Terms of the agreement between YouTube and the teenager were not disclosed.

“YouTube’s decision to resolve this case before having to face a jury speaks for itself,” the plaintiff’s attorneys, John Morgan and Emily Jeffcott, said. “We will continue fighting on behalf of all those affected by social media addiction to bring these companies to justice and compel them to prioritize the safety of their young users over their bottom lines.”

Meanwhile, Google spokesperson Jose Castaneda noted the company’s continuing work on safety tools.

“Our focus remains on building age-appropriate products and parental controls that deliver on that promise,” he said in a statement.

The settlement follows a March verdict in a separate California case, in which a jury determined that Meta and Google were negligent after a young woman alleged that attention-grabbing design features on YouTube and Instagram played a role in her addiction.

Meta was instructed to pay $4.2 million in damages, and Google $1.8 million. A judge dismissed the companies’ request to set aside the verdict earlier this month.

More than 3,300 lawsuits regarding addiction claims against social media companies are pending in California state court. Another 2,600 cases brought by individuals, school districts, municipalities, and states are pending in federal court in California.

States Pursue Claims

In May, a Kentucky school district settled with Meta, Snap, TikTok, and YouTube before trial. The companies paid the district $27 million in total.

A jury in New Mexico ordered Meta in March to pay $375 million after finding that the company misrepresented the safety of its platforms for young users.

Nearly every state has filed lawsuits in local courts alleging that the companies misrepresented platform safety for young users and created services to addict children.

The July trial in California is the second in state court to test claims that social media platforms are intentionally engineered to be addictive and that this design has played a role in a youth mental health crisis.

Plaintiffs argue that attention-grabbing design features and other elements ensure that young users are engaged to an excessive degree, contributing to mental health problems.

Defense arguments in previous proceedings have pointed to other potential causes for the difficulties experienced by young people, including family circumstances and individual factors.

Reuters contributed to this report.

One month ago, during the height of the tokenmaxxing craze – when companies were spending ridiculous amounts of money, in many cases without knowing they were even doing so, just to test out the latest agentic craze – first OpenAI and then Anthropic rushed to announce they will follow in the footsteps of the SpaceX IPO, and were planning (or rather hoping) to go public in the next quarter or two. To validate its euphoric IPO dreams, Anthropic even trotted out a lafughable ARR of $47 billion, a number which besides being laughably incoherent and a non-GAAP mish-mash of adjustments and double counting, also took advantage of said tokenmaxxing frenzy.

Then following a furious blowback against said tokenmaxxing which has seen a collapse in agentic spending and an aggressive shift to much cheaper Chinese models, we said two weeks ago that we are eagerly awaiting Anthropic’s new ARR, one which reflects the revulsion to Claude’s stratospheric token costs.

Meanwhile, Anthropic quietly annualized the one-time bumper revenue from Feb-May on the agentic splurge when nobody had any idea what they were paying, to come up with the ludicrous $47BN ARR.

Let’s see what ARR is next month after clients finally checked their token bills.

— zerohedge (@zerohedge) June 11, 2026

And while we wait, Anthropic’s biggest competitor, OpenAI – which unlike its peer has been far less vocal about its latest annualized revenue numbers – appears to have realized that going public at a time when agentic spending is suddenly in freefall (Goldman’s best “efforts” to predict 120 quadrillion monthly tokens by 2030 notwithstanding) may not be the best idea, and according to the NYT is now leaning toward punting its IPO until next year in hopes that the AI bubble will be even bigger next year.

OpenIA’s odds of a 2026 IPO promptly tumbled on Polymarket, and were last below 30% from over 50% before the report.

So what is going on, and how did OpenAI – which earlier this month said it had filed confidential paperwork with securities regulators to kick off the process for going public, but it did not commit publicly to any time window – frame the delay so it doesn’t sounds like it rushed out its plans to IPO on a one-time bumper revenue burst, only to reverse them as the overpaid agentic euphoria has fizzled? 

Why blame Elon of course.

The NYT reports that when the ChatGPT maker hired bankers and lawyers with an eye toward IPOing as soon as the third or fourth quarter of this year, Sam Altman pushed those advisers to find a way for the start-up to be valued at $1 trillion, up from the company’s last private valuation of $730 billion. 

OpenAI’s advisers presented company executives with the option of waiting until 2027 to go public with a $1 trillion valuation, or lower the targeted valuation for a quicker IPO, which would be a disaster as the IPO would effectively admit that OpenAI can’t keep up with the growth rate of Anthropic which a month ago raised $65 billion in a $965 billion private funding round. Altman responded that any change to the trillion-dollar valuation was a nonstarter.

But, the report goes on, “a cascade of recent developments has caused OpenAI’s executives to shift away from their most aggressive aspirations” and the primary scapegoat is Elon Musk’s, and specifically the performance of SpaceX after its I.P.O. this month. “It was the largest ever, raising more than $85 billion and reaching a valuation of $1.77 trillion on its debut. Since then, SpaceX’s stock has been on a downward slide, as shares slumped to $153 at the end of the trading day on Thursday after reaching a high of $202 last week.”

Realizing it would look very stupid if it just blamed the very same company that prompted it to rush its IPO in the first place, the NYT also blamed global markets which “have also been choppy in recent weeks, with tech stocks dragging down indexes as investors question whether AI companies will live up to their sky-high promises.”

Nowhere in this above is there a mention of the only thing that actually does matter to investors: the financials, and one can only imagine what is going on there after the early Q2 “tokenmaxxing” agentic burst which has now fizzled. OpenAI said this year that it was generating $2 billion in revenue each month but we are patiently waiting for an update now that the latest series of open Chinese models offer 95% of the US frontier performance for 10% of the price (as discussed in “Answering The “Trillion Dollar Question”: Are China’s AI Models A Better Value Than US Models“). 

It’s not just China: OpenAI faces acute pressures at home too. Anthropic, which offers a Claude Code tool for creating sophisticated software code, has been far more successful in selling its service to enterprises (at least until the tokenmaxxing fiasco). At the same time, Google’s Gemini, the tech giant’s flagship consumer AI product, has become popular with users.

The NYT however is correct that OpenAI’s postponing its IPO plans – for whatever reason – will disappoint Wall Street and Silicon Valley, especially not if but when its main rival Anthropic, which has been in very hot water with the Trump admin for months, does the same. 

There’s more.

Besides creating SpaceX strawmen, OpenAI is also grappling with other issues. Late last year, CFO Sarah Friar said it was not pursuing an I.P.O. at the time and was focusing on shoring up its finances. However, since then the company has done just the opposite as it has continued to pour money into data centers and computing power, with no indications of slowing down. 

Some OpenAI executives appeared to have changed their minds about an IPO just a few months after Friar said the company was not looking to go public. The Wall Street Journal reported that the company planned to go public by the end of 2026. That surprised some employees because they thought the company was not on a strong enough financial footing.

The company has also been spending like a drunken sailor on marketing and recruiting high-profile engineering talent from companies like Meta and Google. Realizing that it is losing market share to both Anthropic and Chinese open-sourced models, ChatGPT is also searching for other lines of revenue, including dabbling with placing ads inside ChatGPT and striking e-commerce deals with companies like Shopify and Stripe that would allow people to buy things from online stores directly inside ChatGPT.

The biggest problem facing OpenAI, however, is that growth has plateaued: after years of surging downloads of ChatGPT’s consumer app, those numbers have slowed and continue to hover around 900 million users, surprising investors who believed the company would easily hit one billion.

And the wildcard is now that the US government is actively throttling the latest frontier models over concerns they may hack sensitive government agencies, today the Information reported that OpenAI is releasing its latest GPT-5.6 model only as a limited preview to a small group of partners. The reason, according to Sam Altman: the U.S. government asked it to. Altman reportedly told staff that the government will be “approving access customer by customer” during the preview period, with a broader release potentially following a couple of weeks later. This comes after Anthropic took a similar path with Mythos, and after the White House forced Anthropic to withdraw Fable and Mythos over national security concerns. 

And now that the “uncorruptible” Trump admin is actively involved in picking winners and losers in the frontier model race, both OpenAI and Anthropic will watch their ARR collapse as most enterprise clients realize they will have better productivity gains by going with the latest Chinese models which, paradoxcially, are now easier to access in the US than domestic made versions. 

Qualcomm unveiled its data center chip lineup on Wednesday, becoming the latest chipmaker to enter the AI processor race in an attempt to challenge market leader Nvidia. CEO Cristiano Amon told Nikkei Asia the company is eyeing the China market for its data center products, including designing chips specifically for Chinese customers that are in compliance with U.S. export controls.

The mobile chip giant is revamping the design of data center processors, which is traditionally powered by graphic processing units (GPUs) and high bandwidth memory (HBM) chips. 

Amon teased Dragonfly – a dedicated brand for AI data center solutions designed to break Nvidia’s grip on AI infrastructure – at the Computex trade show in Taipei early this month. 

The company unveiled more details about Dragonfly at its investor day in New York on Wednesday. Dragonfly encompasses four product lines: AI accelerators, data center CPUs, custom silicons and connectivity chips. Amon said Qualcomm is working to bring all four data center product lines to China, including customized AI accelerators for the Chinese market that will comply with US export controls limiting advanced AI chips sales above certain threshold.

“We have a big business in China, and I think as we started to diversify the company, our partnership with China and our China customers also expanded,” said Amon, adding the relationship with Chinese smartphone makers and auto companies is also going to be “a strength that we’re going to bring on the data center side. ” However, “there are very clear guidelines about how you can ship products to China, and we have versions of all of our products that comply with those guidelines, ” he said. “We are engaged in conversations and are positively optimistic about the reaction we’re getting.”

Qualcomm’s data center processor features a design that differs from AI racks deployed in data centers. Dubbed high bandwidth compute (HBC), Qualcomm said the near-memory compute design will make its data center chips deliver six times the bandwidth per watt versus HBM-based solutions.

The data center compute market is dominated by AI racks powered by Nvidia’s GPUs and HBM chips that are produced by South Korean companies SK Hynix and Samsung. Both Samsung and SK Hynix are also working on near-memory and on-memory compute as memory capacity becomes the latest AI deployment bottleneck.

Amon said the HBC will be different from the processing-in-memory (PIM) architecture other memory chipmakers are developing.

“This is a very unique technology that allows you to develop 3D-stacking of the DRAM alongside logic that is built for the accelerator,” he said, adding that HBC significantly increases available memory, reduces bandwidth bottleneck and improves compute efficiency.

As the global memory chip crunch continues, Amon said they have secured enough memory for its data center products in fiscal year 2027 and the new HBC technology will also help ease the memory chip shortage.

“This technology is starting to get interest, we now have memory vendors, small and large ones, now engaging with Qualcomm and want to partner with Qualcomm on HBC,” the CEO said.

In addition to better compute performance, Qualcomm said the HBC architecture also uses less energy and costs less to own. In video messages, Microsoft and Meta CEOs said the two companies’ data centers will be early adopters of Qualcomm’s data center chips including HBC and CPUs.

Qualcomm said the first HBC chip will ship with its AI250 data center rack in fiscal year 2027. The company told investors Wednesday the new data center products are expected to bring in $300 million in revenue in the current fiscal year, and $5 billion in fiscal year 2027, which starts in October. Qualcomm estimates the total addressable market for data center chips will be more than $1 trillion by 2029 and the company will take a more-than-5% share of that market.

At the Wednesday keynote, Amon said it is “never too late” for Qualcomm to enter the data center chip business because “this is a market that moves very, very fast. So, if you have technology leadership, there’s always room for you.”

In addition to AI accelerators powered by the new HBC design, Qualcomm also unveiled a CPU designed for data centers and AI inference, announcing the company has won “two major hyperscaler deals” for custom-designed data center chips that will bring in “meaningful revenue” by the end of the year.

Amon also touted a close partnership with the contract chipmaking giant TSMC that will give it a leg up in the data center chip race.

“As soon as TSMC finishes the mask, we go to production, and we go to production at scale. That’s the maturity of our manufacturing capabilities,” said Amon. 

It is yet to be seen if Qualcomm can convince investors and customers alike to be a competitive alternative to Nvidia products.

“Current data center revenues remain de minimis and reliant on Qualcomm proving they are able to bring strong CPU [and] NPU performance from consumer devices to more complex data center workloads,” Vivek Arya, analyst at Bank of America, said in a note Tuesday, adding that Qualcomm is entering a “fast-growing but hyper competitive AI market full of large incumbents.”

NPU refers to neural processing units, hardware designed to perform AI computing tasks.

Ahead of an investor meeting Wednesday, Qualcomm announced the acquisition of chip software startup Modular Inc. in an all-stock deal valued at nearly $4 billion that will help Qualcomm compete with Nvidia’s CUDA ecosystem.

In addition to its advanced AI processors, Nvidia’s lead in the data center market is solidified by the CUDA computing platform that makes its AI chips more efficient and easier to program.

On Wednesday, Nvidia CEO Jensen Huang told the annual shareholders meeting that while his company’s systems “may not be the cheapest to produce, to purchase, but Nvidia generates the lowest cost tokens, the highest token throughput and the most revenues. “

Bloomberg reported last month that Qualcomm had struck a deal with ByteDance to supply the Chinese tech giant with custom AI data center chips. The deal is structured to fall within existing U.S. export control thresholds, a design choice that signals Qualcomm’s intent to capture Chinese AI demand without irritating the White House.

The U.S. chip giant will likely face similar regulatory scrutiny as Nvidia and others over China exports.

The Trump administration unveiled new guidelines for the export of powerful AI chips to Chinese entities outside of China in June. The U.S. Department of Commerce said it will implement license requirements for Chinese companies headquartered in China, even if they are physically located outside the country.

China accounted for 46% of Qualcomm’s revenue in 2025, mostly from smartphone chips. Qualcomm’s CEO was part of a high-profile business delegation that accompanied Trump when he visited President Xi Jinping in China this May. Amon said Wednesday the company’s presence at the leaders summit is an example of what a “win-win” relationship between the two countries looks like.

Amon said the epicenter of AI agent development is in China, with new agentic use cases emerging across platforms from smartphones and glasses to cars.

“Actually, when I talk about China, I am in a situation right now that I don’t know who the mobile customers are anymore, because there are OEMs, but every single AI foundational model company building agents also are customers,” he said.

Meanwhile, Qualcomm announced a deal with Saudi Arabian AI company Humain, which has committed to deploying 200 megawatts of Qualcomm accelerator racks, beginning this year.

The world’s leading mobile chip developer, Qualcomm, has long been a leader in premium chips for flagship smartphones such as Samsung Electronics and Xiaomi, and has gradually expanded into the PC market. It announced its first chip for budget PCs at Computex in Taipei earlier this month.

Qualcomm still generates most of its revenue from mobile chips. For the latest quarter, its handset chip business reported a 13% year-on-year revenue drop to $6 billion, which accounted for 57% of its revenue in the January to March quarter. Its Internet of Things business, which includes PC chips, recorded a 9% sales jump on the year to $1.7 billion. By fiscal year 2029, however, the company expects handsets to account for only a third of revenue with data center products on par with smartphone chips.

By Tsvetana Paraskova of OilPrice.com

Adani Group, the conglomerate of Indian billionaire Gautam Adani, could become India’s biggest private nuclear power capacity developer within a decade, targeting 10 gigawatts (GW) by 2035, as India opened its civil nuclear power sector to private investment. 

“Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India’s long-term energy future,” Gautam Adani said at the annual general meeting of Adani Group on Wednesday. 

“With land identified and a 10 GW targeted capacity by 2035, we are positioning ourselves early to serve the growing national demand for clean, round-the-clock power,” the billionaire said. 

A panel set up by India’s power ministry has said in a report that India’s goal to boost its installed nuclear power capacity to 100 gigawatts by 2047, up from just 8.8 GW now, would require as much as 19.28 trillion Indian rupees, or $204 billion at current exchange rates, of cumulative capital.   

The Indian government has said that its Nuclear Energy Mission targets 100 GW capacity by 2047 “through deployment of existing and emerging advanced nuclear technologies, both indigenous & with foreign cooperation.” 

Adani Group is reportedly in talks with the state government of India’s northern Uttar Pradesh state on a public-private partnership to build small modular reactors (SMRs) as India opens its nuclear energy sector to private investment.

Adani is in discussions with Uttar Pradesh officials to build eight SMRs with capacity of 200 megawatts (MW) each at yet-to-be-identified sites in the state, anonymous sources with knowledge of the matter told Bloomberg at the end of 2025.  

If the group meets its target to have 10 GW in nuclear capacity by 2035, it would become India’s third-largest operator of nuclear power capacity behind state-run Nuclear Power Corporation of India Limited (NPCIL) and state coal giant NTPC Limited. NPCIL currently operates all of India’s 8 GW of nuclear power capacity. 

Indian conglomerate Reliance Industries of another billionaire, Mukesh Ambani, is also considering investments in India’s nuclear power sector after the opening to private capital.

A federal judge in Boston has blocked key parts of President Donald Trump’s March executive order that sought to impose new limits on mail-in voting and create a nationwide list of eligible voters using federal citizenship data. The ruling, issued June 25 by Obama-appointed U.S. District Judge Indira Talwani, prevents the administration from enforcing the directives for the November midterms in the two dozen Democratic-led states and jurisdictions that challenged the order.

Talwani found that no federal law authorizes the government to build the type of voter database outlined in the order or to use the threat of criminal prosecution to pressure state and local election officials into using it. The March order directed the Department of Homeland Security and Social Security Administration to compile a national list of potentially eligible voters based on citizenship information and share it with states. It also called for new design standards for mail ballot envelopes and directed the U.S. Postal Service to create its own list of voters eligible to receive mail ballots.

The judge wrote that there was no US law that authorized the federal government to create the type of voter databases Trump had called for and to use the threat of criminal prosecution to “intimidate” state and local officials into using those lists. -Bloomberg

The decision – which came one day after Postmaster General David Steiner told lawmakers that the USPS will no longer deliver mail-in ballots in states that refuse to provide voter data – adds to the legal obstacles facing the administration’s election-related initiatives as officials race to implement changes before the midterms. Challengers argued the order represented an improper federal intrusion into state-run elections and risked disrupting preparations and disenfranchising eligible voters. The administration has maintained that the steps are needed to strengthen election integrity and address concerns about fraud.

The U.S. Postal Service has been developing a proposed rule, required under the same March executive order, that would condition delivery of mail ballots on states providing lists of eligible absentee voters to the federal government. Steiner described the measure as a way to ensure ballots reach only eligible voters. Democratic lawmakers criticized the proposal as an overreach into state election authority. The rule is undergoing public comment and faces its own legal challenges.

Trump, meanwhile, has also pushed Republican lawmakers to pass legislation containing proof-of-citizenship and other voting restrictions, including the SAVE Act. During a fiery June 24 meeting with Senate Republicans, he declined to sign a bipartisan housing bill until Congress advances the voting measures. The closed-door session highlighted tensions within the party, though Republican leaders emphasized the need for unity ahead of the midterms. Trump and his allies argue that stronger verification requirements are essential to maintain public confidence in elections.

The order comes one day after another Obama-appointed federal judge in Boston blocked key portions of President Donald Trump’s executive order overhauling federal election procedures, ruling that the president exceeded his constitutional authority by attempting to impose new voting requirements without congressional approval.

U.S. District Judge Denise Casper concluded that the Constitution gives primary authority over elections to the states and Congress, not the executive branch. The ruling makes permanent a preliminary injunction Casper issued last year in a lawsuit filed by Democratic attorneys general from 19 states.

Authored by Michael Snyder via The Economic Collapse blog,

Americans that are over the age of 55 control approximately 73 percent of all wealth in the United States.

Americans that are age 55 or younger control just 27 percent of all wealth in the United States.

Never before in history has there been a generational divide of this magnitude.

One of the reasons why there is such a generational divide is because housing has become so insanely unaffordable. If you purchased a home 20 or 30 years ago, it has appreciated in value a great deal and you are sitting pretty. But many young adults today look at current housing prices and wonder how they will ever be able to buy a home.

During the pandemic, we witnessed a surge of young adults moving back in with their parents.

But once the pandemic was over, things were supposed to go back to normal.

Unfortunately, that never happened.

In fact, the percentage of young adults that are living with their parents is now higher than it was at any point during the pandemic…

A record 25.2 million adults under 35 lived with their parents in 2025, according to new research from Realtor.com®. That’s nearly 1 in 3 young adults and higher than even the pandemic-era count—but the more surprising finding is just how many of them were working.

“Roughly 70% of 25- to 34-year-olds living with parents are employed,” says Hannah Jones, senior economist at Realtor.com and author of the report. “That share held steady even as the overall co-residence rate has climbed—meaning the growth is coming from working adults, not people waiting to find jobs.”

The finding challenges one of the most persistent narratives about adults living at home today: that they’re simply languishing in a tepid job market and failing to launch.

We have tens of millions of young adults that cannot form their own households.

That is a major national crisis.

A lot of those young adults would love to move out and live on their own, but home prices are simply way too high…

The report said that the median prices for new and existing homes are both over $400,000 and that existing home prices have risen 54% since 2020 and are about 5-times the median income – a level well above the ratio of 3-times that prevailed in the 1990s.

Mortgage rates are over 6%, which makes the payment on a median-priced home $3,100 in the fourth quarter of 2025, up from $1,700 in early 2020. That has pushed the income needed to afford that payment to more than $120,000 – a significant increase from $66,000 in 2020.

In 1975, the median home price in the United States was under $40,000.

But now it is over $400,000.

That is how much the purchasing power of our money has declined.

And we are being warned that housing affordability is “unlikely to return to more favorable levels of the past”…

The affordability of the U.S. housing market may not improve significantly over time for would-be homebuyers, with a new report suggesting that they shouldn’t wait in the hopes of affordability measures returning to their pre-2022 levels.

Sarah Wolfe, a senior economist and strategist at Morgan Stanley, said in a report that while housing affordability could improve modestly over time, it is “unlikely to return to more favorable levels of the past, as the market adjusts to a higher-cost, tighter-supply environment.”

That is quite sobering.

I guess our young adults are just out of luck.

At this stage, it is being projected that the median home price in this country will hit a million dollars by 2050…

According to new projections from National Association of Realtors (NAR) chief economist Lawrence Yun, the national median home price is on track to hit $1 million by 2050 — just as millennials reach the traditional retirement age.

“Essentially, in about 25 years the national median home price will be a million dollars,” Yun said at a conference in Washington, D.C., on Tuesday. “It may be hard to envision that, but back in 1990, the national median price was $90,000.”

Many of those that are on the outside looking in may remain in that position permanently.

Meanwhile, the middle class continues to shrink as large employers eliminate good paying jobs all over the nation.

Today, we learned that U.S. factories are laying off workers at a frightening pace…

Job cuts at U.S. factories ran near their highest levels since the end of the global financial crisis in 2009 and the Covid-19 pandemic as worries grew over global demand and rising costs, S&P Global reported Tuesday.

Though the firm’s manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts that were the most since 2009 — excluding the massive labor reductions at the onset of the Covid crisis in 2020.

And our most prominent tech companies continue to mercilessly slash payrolls.

For example, it is being reported that Oracle has given the axe to 21,000 highly paid workers over the past year…

Oracle shed 21,000 jobs, almost 13% of its workforce, in the past year, as tech giants carry out sweeping layoffs as a result of AI.

The company’s total workforce stands at 141,000 full-time employees as of May 2026, it said in its annual regulatory filing on Monday. That’s down from 162,000 employees at the same time the previous year. This represents an almost 13% cut in its total workforce.

Almost every big tech company that you can name has laid off workers within the past 12 months.

Once upon a time Electronic Arts was doing really well, but now they are conducting yet another round of job cuts…

Electronic Arts has undergone yet another round of layoffs, seemingly impacting its recruitment, customer support, trust and safety, and IT teams.

Kotaku has learned about these layoffs both from sources aware of the situation as well as 12 separate public postings from individuals impacted by the layoffs. The total number of impacted employees is unknown, but Kotaku has found online postings both from people formerly in several remote roles in the U.S. as well as a number of laid-off individuals from EA’s office in Hyderabad, India. Multiple individuals laid off from the Hyderabad office had been with the company for more than ten years.

We are witnessing a tsunami of tech layoffs that seems to have no end.

Those were supposed to be the “jobs of the future” for our young people.

But now many of our young people are being ruthlessly replaced by AI.

An entire generation of Americans is deeply struggling, and that isn’t going to change any time soon.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.