[ABC News] A Learjet believed to be carrying nine people crashed on Sunday afternoon in Palm Beach County, Florida, after making a rapid dive of about 350 feet per second, according to the Federal Aviation Administration.
The plane, a 22-year-old twin-engine Learjet 60, crashed after taking off from Austin, Texas, and was headed to North Eleuthera in the Bahamas, according to the FAA.
Photos and videos online showed a jet hitting the ground nose-first and bursting into a fireball. The impact of the crash left a crater near a shopping center.
The jet crashed near Military Trail, between Cresthaven Boulevard and 10th Avenue, in the Greenacres community of Palm Beach County, authorities said.
There was no immediate word from authorities on deaths and injuries.
The plane went from 35,250 feet to 8,750 feet in a little over a minute, or roughly 350 feet per second, before it slammed into the ground, according to the FAA.
According to records, the plane belongs to a private company and has been used as a rental in the past.
Direct Translation via Google Translate. Edited
[Regnum] On November 1, the Russian Federal Security Service (FSB) released footage of the arrest of a teenager suspected of plotting a terrorist attack in Moscow.
According to the intelligence agency, prohibited paraphernalia, knives, and a phone containing videos of the terrorist attacks were found in the detainee's apartment.
The suspect admitted to distributing videos online from a terrorist organization banned in Russia. Law enforcement officials are continuing their investigation.
Earlier, security forces investigated information received on October 31 from US law enforcement agencies regarding a planned terrorist attack in Moscow on the grounds of the Tsaritsyno Museum-Reserve. For security reasons, planned cultural events at Tsaritsyno were cancelled and security in the area was strengthened.
A teenager was detained during the investigation. According to the FSB, he posted photos on TikTok of himself wearing tactical gear, a balaclava, a cap, glasses, and headphones, holding what appeared to be a machine gun, as well as photos taken in Tsaritsyno, with the caption "I found a place." He also subscribed to a neo-Nazi Telegram channel and searched online for information about mass killings.
Neo-Nazi, not jihadi or pro-Ukraine, so Page 3: Non-WoT. Good to know, even if we don’t have a specific organization name.
Direct Translation via Google Translate. Edited
[Regnum] The artificial intelligence bubble has begun to deflate, and its final collapse is expected in the first or second quarter of 2027. This was announced by Roscongress on November 1.
"What industry experts and specialists have been warning about for so long is starting to come true. The AI bubble hasn't burst yet, but it's rapidly starting to deflate," the fund's analysts noted in an interview with RIA Novosti.
In a single day, October 30, global financial markets suffered significant losses. Exchanges in the US, Japan, South Korea, Turkey, China, and Taiwan collectively lost $1.7 trillion. The cryptocurrency market shrank by $140 billion, and shares of 16 leading tech companies fell more than 20% from their year-highs, losing between 48% and 68% of their value.
Experts believe the main reason for the crisis is the inability of companies to fulfill large-scale contracts using their own funds. Chip manufacturers invest in clients, who then use these funds to purchase equipment, while cloud providers take out loans secured by rapidly aging equipment.
Russian presidential adviser Anton Kobyakov noted that rising interest rates and the need to convert assets into cash are accelerating the bubble's collapse. Historical analysis shows that when an industry outperforms the market by more than 100% over two years, the probability of a collapse exceeds 50%. AI-related stocks reached this level early this year.
Earlier, International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated that disappointment in the profitability of large tech companies developing AI could lead to major financial shocks for the entire world. According to her, high corporate profits are currently driving stock prices, but the failure of companies' forecasts amid massive global investments in US securities could destabilize the global market.
In June, Igor Sechin, Secretary of the Presidential Commission on Strategic Development of the Fuel and Energy Sector and Environmental Safety and CEO of Rosneft, warned of the looming financial bubble of the largest in the high-tech sector. He claimed that artificial intelligence companies were siphoning off significant investment at the expense of the rest of the economy. Citing McKinsey analysts, he noted that capital expenditures on data processing could reach $8 trillion by 2030, and that four IT giants would spend approximately $700 billion on computing power this year alone.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
