This story appears in the October/November 2023 issue of Forbes Magazine. Subscribe This $30 billion industry is built on a shaky foundation of cheap money, questionable accounting and aggressive claims for federal tax credits. With money no longer cheap, subsidies a matter of politics and swirling allegations of fraud, a collapse could be coming soon. […]
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Despite Talk Of Free Speech, X Appears To Be Muting One Of Its Most-Viewed Tweets
Patrick Green in a video talking about his @roadtoserfdom3 being reinstated on Twitter/X. Patrick Green Patrick Green grew up in Boston in a family of booksellers. He said he left school after seventh grade. For a while, he was a security guard at the Boston Public Library. After that, he spent years as a contract […]
Read MoreTheir Foundation Flush With New Cash, Texas Family Pledges $1 Billion To Education
The pyramids of Moody Gardens. getty The three glass pyramids at the heart of 240-acre Moody Gardens on Galveston Island, rise 100 feet, and are home to an aquarium, rainforest and IMAX theater. Also within the complex is a golf course, convention center, and a vast water park with a beach made of sand barged […]
Read MoreRussia Is Upgrading More Of Its 60-Year-Old T-62 Tanks—But Possibly Only On The Outside
An upgraded Russian T-62 tank. Social media capture More Russian T-62 tanks are showing up along the front line in Ukraine with add-on armor and other enhancements—modern sights and mine-clearing plows, for example. A video that circulated on social media last week depicts a T-62 with explosive reactive armor blocks, an anti-drone cage and front-mounted […]
Read MoreMarriott Resorts Turns To A Tiny Toy Retailer To Keep Kids Happy During Vacations
A conceptual rendering of Marriott’s new kids clubs. Camp To give children staying at their all-inclusive resorts a place to play while parents do their own thing, Marriott International, with $21 billion annual revenue from 8,700 hotels, is turning to a company called Camp that runs nine activity-oriented toy stores with revenue that Forbes estimates […]
Read MoreSo You’re Getting A Divorce: Do You Need A Forensic Accountant?
They show up in celebrity divorces (think Kevin Costner), big bankruptcies (think FTX) and financial fraud cases. But you don’t have to be famous to benefit from the help of a deep diving accounting pro. By Kelly Phillips Erb, Forbes Staff As a stay-at-home mother of three involved in a nasty divorce, the Virginia woman […]
Read MoreBaba Yaga Is A Giant Ukrainian Drone That Drops Bombs At Night
A Ukrainian crew prepares Baba Yaga for flight. Ukrainian defense ministry capture In the daytime, Ukraine’s explosive first-person-view drones are everywhere over Krynky. At night, the quad-rotor FPV drones disappear … and Baba Yaga emerges from her lair. Baba Yaga is a large Ukrainian hexacopter drone with an infrared camera and capacity for a 33-pound […]
Read MoreUkraine Has Formed A New Tank Brigade
5th Tank Brigade troopers in training. Ukrainian army photo Twenty-two months into Russia’s wider war on Ukraine, the Ukrainian army finally is forming a new tank brigade. Technically, the 5th Tank Brigade stood up in 2016. But for six years, it existed mostly on paper. When Russia widened its war on Ukraine in February 2022, […]
Read MoreA Brand-New Ukrainian Drone Blasted A Russian Machine Gun From 1910
Ukrainian defense ministry capture A Ukrainian drone has claimed a very old prize: a Russian M1910 machine gun—a type that first appeared in, you guessed it, 1910. But it wasn’t just any M1910. The machine gun the first-person-view drone blew up seemed to be a Finnish modification of the basic M1910 that made it more […]
Read MoreUkrainian Drones Target Russian Troops When They’re Most Vulnerable: While Using The Bathroom
Ukrainian troops in a trench. Ukrainian army photo More and more Russians are getting blown up by Ukrainian drones while using the latrine outside their positions along the front line of Russia’s 22-month wider war on Ukraine. These opportunistic drone-strikes aren’t new: for nearly two years now, Ukrainian operators regularly have posted recordings of their […]
Read MoreRussia’s New Exploding Drone Piggybacks On Ukraine’s 4G Cellular Network
Ukrainian air-defense troops hunt Shahed drones. Ukrainian defense ministry photo Russia is installing 4G modems and Ukrainian SIM cards in explosives-laden Shahed drones, potentially allowing them to piggyback on civilian cellular networks—and possibly making them smarter and more dangerous. But if the cellular kluge works, there’s no reason Ukraine couldn’t copy it. And a drone […]
Read MoreThe United States May Have Found Another 5,000 Shells For Ukraine’s Biggest Artillery
A Ukrainian 2S7. 43rd Artillery Brigade photo The United States reportedly is going to great lengths to replenish the dwindling ammunition supply for Ukraine’s biggest artillery. According to Greek newspaper Ekathimerini, the U.S. government is in talks with the Greek government to buy, for onward transfer to the Ukrainian government, 75,000 artillery rounds. The $47-million […]
Read MoreUkraine’s 25th Air Assault Brigade Just Got ‘Tron-Like’ German Fighting Vehicles
A 25th Air Assault Brigade Marder. 25th Air Assault Brigade photo The Ukrainian air-assault force’s 25th Brigade just got a lot heavier. Photos that appeared online this week confirm the brigade has re-equipped with German-made Marder infantry fighting vehicles. The 25th is the second Ukrainian air-assault brigade, after the 82nd, to get 31-ton Marders from […]
Read MoreThis Is The Only Way To Save Healthcare In The U.S.
Why do healthcare costs keep rising? Because, unlike other markets, the consumer—that is, the patient—is not in charge. Third parties, primarily large insurers and Medicare and Medicaid, are. Health Savings Accounts, which have been around for 20 years, allow patients to control certain funds rather than third parties. Today there are 35 million accounts that […]
Read MoreWhy Hemp-Derived THC Drinks Are Riding High
Spirited: Levity founders John Berdux, Stephen DuBose and Liam Becker produce three hemp-derived THC drinks that replicate whiskey, tequila and gin. Levity Since marijuana’s cannabis cousin was federally legalized in 2018, hemp has outpaced the legal weed market in America. Now canned cocktails and other THC-infused beverages are going mainstream—especially in states where pot is […]
Read MoreTencent-Backed AI Drug Discovery Startup Xtalpi Files For Hong Kong IPO
Xtalpi operates autonomous labs in Shenzhen, Shanghai and Boston. Xtalpi Xtalpi, a Shenzhen-based company which uses artificial intelligence to find chemical compounds that could be developed into new drugs, has filed for an initial public offering in Hong Kong. Xtalpi did not disclose details of its IPO in its filing to the Hong Kong stock […]
Read MoreUkrainian Marines Hacked A Russian Drone To Locate Its Base—Then Blew Up The Base With Artillery
A 36th Marine Brigade drone-operator with his quadcopter drone. 36th Marine Brigade photo It’s not for no reason that the Ukrainian marine corps’ 36th Brigade has been able to seize, hold and even expand a bridgehead in Krynky on the otherwise Russian-controlled left bank of the Dnipro River in southern Ukraine’s Kherson Oblast. Ukrainian electronic-warfare […]
Read MoreWhy Biden’s Strategic Blindness Is So Dangerous
The Biden Administration is still floundering with foreign policy, and the consequences could be dire for the U.S. and the rest of the Free World. This is in vivid contrast to how the U.S. acted after WWII, when we formulated—with bipartisan support—the strategy that ultimately won the 40-year Cold War. This episode of What’s Ahead […]
Read More80 Seconds From Detection To Destruction: In Krynky, Russian Troops Have Just One Minute Of Safety From Ukraine’s Drones
A Ukrainian FPV drone patrols over Krynky. M2 drone group capture Eighty seconds. That’s how long it took a Ukrainian team to detect a Russian fighting vehicle with one drone and then send a second drone to destroy the vehicle. It was a new speed record for a drone kill-chain in Russia’s wider war on […]
Read MoreChinese Food-Delivery Billionaire Wang Xing Suffers $6.6 Billion Wealth Plunge As Growth Wanes
Wang Xing, founder and CEO of Meituan. Visual China Group via Getty Images Wang Xing, the founder of Chinese food-delivery giant Meituan, has seen his wealth plunge by a whopping $6.6 billion this year, as the Beijing-based company struggles to find faster growth amid lackluster consumption and heightened competition. The 44-year-old mogul still has a […]
Read MoreFormula 1’s Highest-Paid Drivers 2023
Virtually unbeatable on the racetrack, Max Verstappen is top of the paycheck podium as well, leading a group of 10 drivers who collectively made $258 million this year. By Brett Knight, Forbes Staff Red Bull Racing’s Max Verstappen just completed the most dominant season in Formula 1 history, claiming a record 19 race victories (in […]
Read MoreRussian Artillery Just Hit A Ukrainian Leopard 1A5 Tank. It’s The First Leo 1 The Ukrainians Have Lost.
An immobilized Ukrainian Leopard 1A5. Via social media The Ukrainian army has lost a Leopard 1A5 tank for the first time. At least temporarily. A video that circulated online on Tuesday depicts one of the German-made tanks—likely belonging to the Ukrainian army’s 44th Mechanized Brigade—eating a Russian munition somewhere in snowy eastern Ukraine. As a […]
Read MoreHong Kong Property Market Enters A Great Stagnation
Hong Kong’s skyline is dominating by the towers built by the city’s largest property developers. getty Hong Kong’s property market has long been a major source of wealth. The city’s billionaire ranks are dominated by developers who got rich by acquiring sizable land banks that allowed them to manage land costs and boost profit margins. […]
Read MoreUkraine’s Leopard 1A5s Have Already Seen Combat—In Fast Hit-And-Run Fights
A Ukrainian Leopard 1A5 crew. AFP capture Ukraine’s German-made Leopard 1A5 tanks already have seen combat in snowy eastern Ukraine, according to French newswire Agence France-Presse. “We had combat tours,” a Leopard 1A5 crew member named Grigorii—presumably from the Ukrainian army’s 44th Mechanized Brigade—told AFP apparently this week. The tankers AFP spoke with seemed to […]
Read More777 Partners Still Reportedly Scrounging For Cash To Buy Everton FC
Conor Coady #30 of Everton F.C in action during the Premier League match between Everton and Aston Villa at Goodison Park, Liverpool on Saturday 25th February 2023. (Photo by Mike Morese/MI News/NurPhoto via Getty Images) NurPhoto via Getty Images Despite an announcement almost two months ago that 777 Parters had reached an agreement to buy […]
Read MoreUkraine’s M-1 Abrams Tanks Are ‘Situational Awareness’ Models: Not The Best M-1s, But Available In Large Numbers
A Ukrainian tanker with their M-1 in early November 2023. Via social media Ukraine’s American-made M-1 Abrams tanks apparently began rolling toward the front line in Ukraine earlier this month. A photo that circulated online on Nov. 6 seems to depict an M-1 staging somewhere in eastern Ukraine. A second, more recent photo purporting to […]
Read MoreUkraine’s M-1 Abrams Tanks Are ‘Situational Awareness’ Models: Not The Best M-1s, But Available In Large Numbers
A Ukrainian tanker with their M-1 in early November 2023. Via social media Ukraine’s American-made M-1 Abrams tanks apparently began rolling toward the front line in Ukraine earlier this month. A photo that circulated online on Nov. 6 seems to depict an M-1 staging somewhere in eastern Ukraine. A second, more recent photo purporting to […]
Read MoreThe Russians Keep Handing Over Their Upgunned BMP-1AMs To The Ukrainians
A BMP-1AM in service with the Russian 37th Separate Guards Motorized Rifle Brigade. Via @naalsio26 A half-hearted counterattack by the Russian army’s 37th Separate Guards Motorized Rifle Brigade, targeting Ukrainian positions east of Urozhaine in southern Ukraine’s Donetsk Oblast, ended in a Russian defeat on Thursday after the 37th Brigade ran into the Ukrainian 3rd […]
Read MoreWith Hundreds Of German- And Polish-Made Tanks And Fighting Vehicles Arriving, Ukraine Now Needs Ammo, Sappers And Staff
A Leopard 1A5 with the 44th Mechanized Brigade. Anatoly Stepanov photo via Militaryland.net German-made Leopard 1A5 tanks have begun to arrive in Ukraine in large numbers. A week after the first photos appeared online depicting one of the 40-ton, four-person tanks apparently near the front line, we now can confirm the identity of what might […]
Read MoreThe Ukrainians Have Blown Up So Many Russian Vehicles Near Avdiivka That The Russians Are Now Attacking On Foot
Artillery from the Ukrainian 53rd Mechanized Brigade. 53rd Mechanized Brigade photo After losing hundreds of armored vehicles in direct assaults on Ukrainian positions in and around Avdiivka, in eastern Ukraine’s Donbas region, the Russian armed forces are switching to dismounted infantry assaults. It’s not a terrible idea, tactically speaking. Ukrainian brigades switched from mounted to […]
Read MoreThe Last Thing Russian Troops Do Before Attacking: Strap Backpack Drone-Jammers To Their Vehicles
A jammer strapped to the top of a Russian MT-LB. Via @wartranslated Before successfully crossing the Dnipro River to establish a bridgehead on the river’s otherwise Russian-occupied left bank, Ukrainian forces spent weeks preparing the battlefield in southern Kherson Oblast. Electronically preparing, that is. Setting up mobile radio-jamming units while targeting the Russians’ own jammers, […]
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