Posts

Showing posts with the label Patriot missile shortage

My AC Has Been Running for 11 Days Straight. I'm Scared to Open My Electric Bill.

Image
AI Image   By Gemma I haven't turned my air conditioner off since June 23rd. Not once. Not even at night when it cools down slightly. Because it doesn't cool down. Not this summer. Not on the East Coast in July 2026, where temperatures have been sitting above 95°F for nearly two weeks and the forecast shows no meaningful relief until next week at the earliest. My AC runs. My bill climbs. And somewhere in my mailbox, an envelope is waiting that I'm genuinely not ready to open. Here's what's actually happening to the US power grid right now. PJM — the largest power grid operator in the US, serving 13 states and Washington DC — declared an emergency this week. Spot wholesale electricity prices in the region surged beyond $2,500 per megawatt hour. For context, the normal price when the grid isn't in distress is about $40 per megawatt hour. That's not a typo. Prices jumped from $40 to $2,500. In a week. Power prices from New York to Virginia are surging a...

The "Black Friday" of 2026: Why the Market Just Erased $800 Billion

Image
I’ve seen some volatile days in my time, but Friday, March 6, 2026, was a different beast. It wasn't just a "red day"; it was a systemic shock that felt like the floor dropping out from under the global economy. As I watched the S&P 500 tumble 1.33% to 6,740.02 , I realised we weren't just looking at a sell-off—we were looking at the erasure of $800 billion in market value in a single session. For me, this wasn't just about the numbers; it was about the collision of two terrifying forces: a failing labour market and a Middle Eastern powder keg. 5 Things You Need to Know Right Now The Payroll Punch: Instead of growth, we saw a loss of 92,000 jobs —the first decline in years. Energy on Fire: WTI Crude hit $90/barrel as the Iran conflict entered a dangerous new phase. Putin’s Win: High oil prices are inadvertently fueling Russia’s war chest while hurting your wallet. Tech Stalled: Nvidia and the Nasdaq led the losses as "growth" became a secondary...