UNDERNEWS
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
June 7, 2026
Donald Trump
Texas
Hmm...
Immigration
Federal Guidelines Threaten Graduate Arts Programs
Polls
Artificial Intelligence
Axios - Investors were confronted this past week with four difficult realities that may fundamentally change the way they think about AI the business vs. AI the technology, Axios' Ben Berkowitz writes:
- 💰 AI is too expensive, say CEOs and even Microsoft itself.
- 🗑️ It's not paying off nearly as much as companies expected, per a new Bain study.
- ⛅️ Infrastructure demand is strong — but not as strong as the most optimistic wanted, as Broadcom showed with its "weak" forecast.
- 🏦 Financing that infrastructure is going to be more expensive for longer, with signs pointing to the Fed raising, not lowering, interest rates.
Why it matters: Those realities challenge assumptions that powered markets to historic heights over the past few years. It's hard to justify chip or memory stocks rising 1,000%+ in a year if the boom isn't what everyone assumed.
The costs of AI are now. The profits are later — maybe. That "maybe" is what's making people nervous.
- AI the technology has a bright future. But AI the business is starting to look like a bottomless pit — especially amid news that even some of the world's biggest companies are rushing to sell historic (and dilutive) amounts of stock to justify their expansion.
The market sold off Friday amid those jitters, with the tech-laden Nasdaq having its worst day in 14 months.
- Broadcom's tepid outlook wiped $444 billion off its market cap alone in just two days.
Friction point: Tech selling off weighs down everything else.
- As charts expert Matt Cerminaro (a.k.a. "Chart Kid Matt") noted Friday, the S&P 500 was down more than 2%, even though the majority of stocks in the index were actually up on the day.
Why Europeans are getting taller —and Americans aren’t.
Meanwhile. . .
June 6, 2026
Reno has the greatest leap in summer temperatures
Study: Best states
Fueling boats
Credit card debt down again
- Q1 Relief: At $60 billion, the decrease in credit card debt during Q1 2026 was around 6% larger than the decrease in Q1 2025.
- Debt Is Well Below the Peak: Total credit card debt as of Q1 was roughly $1.35 trillion on an inflation-adjusted basis, or around 14% below the record high.
- Household Debt Has Some Breathing Room: The average household credit card balance was around $11,153 at the end of Q1 2026, after adjusting for inflation. That’s $2,263 below the record high....
- 2026 Projection: WalletHub projects that total credit card debt will rise by $60 billion during 2026.
Trump regime says it has the right to bulldoze the Statue of Liberty
Meanwhile. . .
Children and unsecured guns
6.7 million U.S. children live in a household with at least one unsecured firearm — a stark increase from the previous estimate of 4.6 million children in 2015. That means roughly one in 10 children lives in a home with a loaded, unlocked gun, contributing to the eight kids a day who are unintentionally killed or injured by family fire: a shooting that results from someone misusing an unsecured firearm from the home.
Wildfires
Across the nation, according to the National Interagency Fire Center (NIFC), which coordinates the federal wildfire response, the total area burned in 2025 was about two-thirds of the average over the past 10 years.
This year is shaping up to be a very different prospect, wildfire experts warn. Key environmental indicators show that the nation is a tinderbox, gripped by widespread drought and with a light snowpack in the mountains that will offer little relief as its remnants melt away.
At the same time, upheaval in the federal wildland firefighting effort and the loss of many staff qualified to join wildfire incident teams since Donald Trump took power for the second time have left firefighters deeply concerned about their ability to mount an effective response.
As of the end of May, the NIFC reported that some 2.4 million acres had burned in wildfires for which it had generated incident reports. That’s almost double the 10-year average for the time of year.
ICE
Trump and the GOP
Who's supporting the White House ballroom?
House votes support for Ukraine
Supreme Court vs. black voters
New jail construction quietly booming
June 5, 2026
Workers
Average hourly earnings grew 3.4 percent from a year earlier, the slowest rate since August 2021. That’s now substantially behind the rate of inflation, although it may reflect the composition of job growth, as more lower-wage jobs have been added in recent months.
The economy added 172,000 last month, more than economists had expected, while the unemployment rate stayed at 4.3 percent.Leisure boom: Growth was led last month by leisure and hospitality, which packed on 70,000 jobs. Some of that may have been early hiring for the World Cup as cities across the country prepared for an influx of tourists. Health care, which has been the steady fuel of job growth over the past several years, added another 35,000 positions.
The federal government was about level, after having lost about 350,000 jobs since peaking toward the end of 2024. But local government surged, adding 55,000 jobs in May, mostly outside education.
Polls
Artificial Intelligence
ICE
- A conservative journalist, Cameron Higby, says protesters swarmed, assaulted, and robbed him while he filmed — a pattern seen at other ICE facilities.
- Evidence confirms a volatile, sometimes lawless protest environment, but public records on the specific Higby attack remain incomplete.
- Both left and right see a justice system that cannot keep order or tell the full truth, deepening distrust in institutions and media narratives.