Companies Are Pouring Billions Into A.I. It Has Yet to Pay Off.

Reported by Steve Lohr (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/08/13/business/ai-business-payoff-lags.html) Nearly four decades ago, when the personal computer boom was in full swing, a phenomenon known as the “productivity paradox” emerged. It was a reference to how, despite companies’ huge investments in new technology, there was scant evidence of a corresponding […]

Vatican under fire for alleged money-laundering dodge

Reported by BEN MUNSTER (Excerpt shared below. To read full report, go to: https://www.politico.eu/article/vatican-financial-obscure-transactions-claims-bank-transfers-money-laundering/) The Vatican is facing allegations it used a “skeleton key for money laundering” by illegally manipulating bank transfers. The city state’s former top financial cop ― who was forced out in 2017 ― has claimed that its payroll agency was able […]

US postal worker stole cards and checks from mail to fund lavish lifestyle, tropical vacations she flaunted online

Reported by Richard Pollina (Excerpt shared below. To read full report, go to: https://nypost.com/2025/08/13/us-news/california-usps-worker-mary-ann-magdamit-stole-cards-and-checks-from-mail-to-fund-lavish-lifestyle-she-flaunted-online/) A California postal worker allegedly stole credit, debit cards and checks to fuel a lavish lifestyle that included luxurious tropical vacations and Rolex watches she flaunted on social media Mary Ann Magdamit, 31, a former letter carrier at the Torrance Main […]