The United States faces a growing need for tungsten, a critical metal used in defense, semiconductors, and potentially fusion technologies, according to a report on Hacker News. Meanwhile, the operator of Eddie Bauer stores filed for Chapter 11 bankruptcy, and immigration courts are fast-tracking hearings for Somali asylum claims, as reported by NPR News. In other news, the crypto market continues to struggle, impacting the Trump family's portfolio, and a new book revisits the 1992 Ruby Ridge confrontation.
The US's reliance on Chinese tungsten production is becoming increasingly tenuous, according to Hacker News. The metal, known for its high melting point, hardness, and density, is essential for cutting, drilling, and other industrial applications. Conservative growth projections in defense and semiconductors suggest rising demand, and the potential development of fusion technologies could further escalate the need for tungsten.
Eddie Bauer LLC, the operator of approximately 180 stores across the U.S. and Canada, filed for Chapter 11 bankruptcy protection, as reported by Fortune. The company cited declining sales and industry headwinds as contributing factors. The brand, which began as a Seattle fishing shop, has struggled to remain relevant to younger shoppers. The filing marks the third bankruptcy for the company in just over two decades. Most retail and outlet stores are expected to remain open during the restructuring process.
Immigration courts have begun fast-tracking hearings for Somali asylum claims, according to NPR News. Dozens of cases were suddenly rescheduled and recategorized over the weekend. Details regarding the specific reasons for this expedited process were not immediately available.
The crypto market's recent downturn has affected the Trump family's crypto portfolio, as reported by Fortune. American Bitcoins stock, backed by the president's sons, Eric and Donald Jr., has plunged significantly. The market capitalization of the firm is now just over $1 billion, a far cry from its peak of nearly $8.5 billion.
A new book, "End of Days," recalls the violent 1992 Ruby Ridge confrontation in Idaho, according to NPR News. The book explores the apocalyptic religious views that fueled the standoff between federal agents and the family of Randy Weaver, as well as the use-of-force rules that led to the deadly outcome.
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