India's Southern Tech Capitals

Bloomberg Wall Street Week Reports:
Bangalore: Can India’s IT Capital Survive Its Own Success?
https://youtu.be/dEe4A3O9OmI 
Why India’s Big Tech Companies Are Betting on Hyderabad
https://youtu.be/zDLi0cQKxEU 

American Millionaires

The Wealthiest—and Stealthiest—Class in America
https://www.newyorker.com/magazine/2026/09/21/the-everywhere-millionaire-owen-zidar-and-eric-zwick-book-review
America’s everywhere millionaires built fortunes from hot dogs, car dealerships, medical practices, and convenience stores. Then they learned how to protect them.
 
The Everywhere Millionaire: Who Is Really Rich in America and How They Got There
https://www.everywheremillionaire.com 

Legal Rights for AI Agents?

Does Claude Have Rights?
https://www.project-syndicate.org/onpoint/anthropic-training-claude-to-believe-it-may-have-rights-by-mustafa-suleyman-2026-09
Given the many differences between brains and LLMs, claiming that an AI is or might be conscious requires a high bar of evidence. But Anthropic’s constitution for Claude brushes that caveat aside, suggesting that we attribute sentience to non-biological beings. 

Can US Economy Survive Higher Rates?

See the 10-Year Treasury Yield’s Wild Ride on the Road to 5%
https://www.wsj.com/finance/investing/see-the-10-year-treasury-yields-wild-ride-on-the-road-to-5-22e4bbc2
A pandemic, wars and government deficits have reshaped the bond market since the start of the decade.
 
The Silver Lining in Soaring Interest Rates: The Economy Can Handle Them
https://www.wsj.com/economy/central-banking/the-silver-lining-in-soaring-interest-rates-the-economy-can-handle-them-842e29ff
Economies around the world are showing surprising resilience to higher central bank-interest rates and government bond yields. 

Nostalgia and Lost Pride

The Fuel Europe’s Far Right Feeds On: Nostalgia and Lost Pride
https://www.nytimes.com/2026/09/21/world/europe/germany-afd-far-right.html
The populist emphasis on national identity, rather than on the sins of the past, finds a deep response in voters adrift in a world they no longer understand. 

Subtle Effects of AI in the Workplace

The Quiet Way A.I. Is Hitting the Work Force
https://www.nytimes.com/2026/09/16/business/ai-raises-hiring.html
Lower wage growth and slower hiring in some sectors may be the result of artificial intelligence, especially for younger workers. 

As Expected, Fed Hikes Rates

FOMC STATEMENT:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote:
The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.
Economic activity is expanding at a solid pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital investment is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little.
Inflation remains elevated. Today's policy action will support a timelier return to the Committee's 2 percent goal. The Committee will deliver price stability.