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The China Playbook

Sep 14, 2026

Washington is buying into industries it has decided America needs. China named many of the same industries in a national plan ten years earlier.

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Arizona's thirsty alfalfa

Sep 7, 2026

Alfalfa takes more of the Colorado River than every other crop combined, and it can survive two months of summer without water. That quirk is how the river is getting some of its water back.

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The Overdrawn River

Aug 31, 2026

Lake Mead is setting a new all-time low almost every day. A century-old promise of more water than exists has finally come due.

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Anatomy of a Robot

Aug 24, 2026

America is racing to build the robot worker. Almost every part comes from somewhere else, except the one that thinks.

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The Hyperscaler Bill, Part III: The Water Bill

Aug 17, 2026

A data center's own water bill is surprisingly small. The water its electricity consumes is not. The series closes.

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The Hyperscaler Bill, Part II: The Electricians

Aug 10, 2026

Two companies reported record order books. One stock jumped, one fell. The difference is what counts as a backlog.

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The Hyperscaler Bill, Part I:

Aug 3, 2026

Two billion dollars a day.

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America's Biggest Steelmaker is also its Biggest Recycler

Jul 26, 2026

Scrap in, steel out, paid on both ends.

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Space Stocks’ Summer Test

Jul 19, 2026

A checklist of Fed decisions, earnings reports, and insider selling will help determine what comes next for space stocks.

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Big Pharma Goes Shopping

Jul 12, 2026

Expiring drug patents are leaving Big Pharma with a $170 billion hole to fill.

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