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Cash is no longer king.

An Earth, Wind & Fire band member is in "critical condition" after they needed to be hospitalized for a "cardiac incident" Thursday night in San Francisco, fire officials told TMZ.

Cases will continue to climb, as August has historically been the month where most cases appear.

There were "mass layoffs" at a series of hip music sites — BrooklynVegan, Alternative Press, Revolver and Goldmine — this week.

The 20-year-old was with the Knicks at Summer League.

Houston, We Have A (Data) Problem...

Authored by Peter Tchir via Academy Securities,

Normally, you can find some parts of the job report that “fight” against the headline. That somewhere in the details is a potentially different narrative.

Maybe it’s because I’m lazy on a summer Friday, but difficult to see what it is in this report.

But let’s start with the most important point

Instead of worrying about Warsh, what he did or didn’t say, how often he might or might not say things, to who he may or may not speak to, maybe we should worry about making decisions based on garbage data?

As you know, I’ve argued for years that it seems insane that in this day and age, where we have real time data on almost every aspect of our lives, we are content to kind of stick a finger in the air, and take a wild stab at estimating jobs. I think the data source task force is the most important (and potentially useful thing Warsh has created). The data task force is too limited in scope, if anything.

Establishment headline is -23k. Estimate was 80k.

Revisions for past two months were -103k! Maybe the estimate would not have been for 80k, if the initial reports for the prior months reflected reality and didn’t need to be revised lower?

Not sure this is “good” news for the workers, but wage growth was anemic (even as the renewed fighting in the Middle East is pushing up the price of energy products).

The unemployment rate has dropped from 4.3% to 4.1% in the past two months. On the surface, maybe that is good. But the unemployment rate is based on the household survey which had a loss of 87k this month, which is “better” than last month’s loss of 507k jobs. The 4 month total number of jobs in the household survey is month than 600,000 lost jobs! The unemployment rate is only lower because the participation rate has dropped from 61.8% to 61.4% in two months (let’s not forget, this is occurring with record cap ex on data center/AI build).

Okay, now my “favorite” the birth/death model. I will admit I’m not sure how the seasonally adjusted birth/death model translates into a number of jobs in the establishment survey, but this “model” showed 235k jobs added by new businesses being formed. Maybe companies are being formed to take advantage of the AI/Data Center spend. It is in line with last July’s birth/death adjustment, so maybe it didn’t impact things. But I always struggle when “plugs” or “models” seem to be bigger than the actual numbers.

Honestly, I have no idea if today’s numbers are the aberration or whether it was what was originally reported, but that is the point!

How are we making decisions based on data that seems to be a wild guess (apologies to wild guesses)?

Sure, if there is no way to get better, more accurate, timely data, then we’d have to live with it. We had to live with carrier pigeons at one time.

I find it difficult to believe that a nation that put astronauts on the moon, cannot figure out a better way to calculate data that is so crucial to decision making!

So, yes, Houston, we have a problem, but the bigger problem isn’t today’s numbers, it is that we don’t really know what numbers are correct or not!

On the other hand, my view that we don’t see a hike this year looks better today, than it did a week ago (and that is with no “deal” in Iran, which any deal, will also help).

Tyler Durden Fri, 08/07/2026 - 09:40

New York City mayoral candidate Zohran Mamdani was loudly booed during an appearance at an NYPD event on Staten Island, leaving the stage in under a minute as members of the crowd jeered and chanted. The tense reception underscored the strained relationship between Mamdani and many in law enforcement.

A 2-year-old girl has died a little over two months after she almost drowned on Memorial Day at a Houston hotel pool.

Say goodbye to sweat stains.

Last week, the pop star's rep revealed she will be taking a break from the spotlight once her tour comes to and end.

Last week, the pop star's rep revealed she will be taking a break from the spotlight once her tour comes to and end.

Don't leave us hanging, Netflix!

The visit comes as Serbia’s populist President Aleksandar Vucic tries to balance the country's traditional ties with Moscow against pressure to align its foreign policy with the European Union.

California’s embattled public universities are back in the Trump administration’s crosshairs. The Department of Education on Thursday launched federal civil rights investigations into two deep-blue state schools, San Jose State University and San Francisco State University, over allegations they allowed antisemitism to flourish while Jewish students were threatened, isolated and driven into fear on campus....

Islamic Society Sues City Over Rejection Of Mosque Proposal

Authored by Tom Gantert via The Epoch Times,

The Islamic Society of Tulsa has filed a federal lawsuit against the City of Broken Arrow, Oklahoma, and four individual city council members after the city denied its request to build a mosque and Islamic community center.

The suit, which was filed on Aug. 3, alleges the denial violated the U.S. Constitution, the federal Religious Land Use and Institutionalized Persons Act, and Oklahoma law by discriminating against Muslims.

The city of Broken Arrow said in an email to The Epoch Times that it does not comment on lawsuits. The city acknowledged on July 28 that the U.S. Department of Justice had started an investigation into the matter.

“The City Council and Administration are fully engaged with the DOJ in its investigation,” the city stated, adding it would have no further comment.

The DOJ’s Civil Rights Division is investigating whether Broken Arrow violated the Religious Land Use and Institutionalized Persons Act after denying the rezoning application for the Islamic Society of Tulsa.

According to the complaint, the Islamic Society of Tulsa bought about 15 acres of land in Broken Arrow in 2014 with the intention of building a mosque, a community center, and a small commercial development.

City planning staff concluded the proposal complied with the city’s comprehensive plan and recommended approval. The Broken Arrow Planning Commission also voted to recommend approval after a lengthy public hearing.

The lawsuit claims the proposal was rejected by the City Council after “a wave of bigoted opposition from members of the community and local politicians.”

Despite recommendations from city staff and the Planning Commission, the City Council voted 4–1 on Jan. 12 to deny both the rezoning request and the conditional use permit.

The lawsuit further alleges the city approved similar rezoning and permitting requests for Christian churches and commercial developments while allowing those applicants to address traffic and engineering issues later in the approval process.

The complaint seeks a court order allowing the project to proceed, a declaration that the city’s actions were unlawful, and monetary damages including attorneys’ fees.

It also notes the DOJ’s investigation into whether the city violated federal religious land-use protections.

Oklahoma Attorney General Gentner Drummond is asking the Trump administration to halt the DOJ investigation.

In a letter to President Donald Trump and acting U.S. Attorney General Todd Blanche, Drummond called the investigation “federal overreach” and said land-use decisions should be left to state and local officials.

Drummond also asked the DOJ to withdraw requests for records involving private citizens, require senior-level approval for any further investigative steps, and coordinate with the Oklahoma Attorney General’s Office before taking additional action against Oklahoma municipalities.

Tyler Durden Fri, 08/07/2026 - 09:20

Carson Beck's sister Kylie was impressed by the Arizona Cardinals rookie quarterback in his preseason debut in the 2026 Hall of Fame Game against the Carolina Panthers Thursday.

David Thalman, 20, and his sweetheart Franceska Warick, 20, were reported missing Saturday after they were last seen on Lake Michigan near Washington Island, a Wisconsin tourist hotspot.

While everyone was talking about Carson Beck starring in the early moments of his first preseason NFL game of the year, it was another rookie quarterback who stole the show on Thursday night. Haynes King, a 25-year-old undrafted rookie who started his college career at Texas A&M before moving over to Georgia Tech, put on...

Sagal and Ritter were in production on "8 Simple Rules" when the actor suddenly collapsed and died in 2003.

Sagal and Ritter were in production on "8 Simple Rules" when the actor suddenly collapsed and died in 2003.