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From Hooghly to high seas: Boost for Kolkata PSU amid defence boom
Garden Reach Shipbuilders & Engineers Ltd (GRSE) is poised for Navratna status, a move that will grant it enhanced financial and operational autonomy. This elevation recognizes the shipyard's significant evolution from a 19th-century workshop to a strategic defence asset, mirroring India's growing maritime ambitions and self-reliance.
Thought of the day by Jerome K. Jerome highlights a quote about work and human behavior. The quote explains observation, delay, and attitude toward effort. This explainer covers Thought of the day today meaning, Thought of the day today relevance, and details about Jerome K. Jerome, his life, books, and legacy today.
Govt disburses Rs 28,748 crore under 14 PLI schemes till December 2025
PLI Schemes: The Indian government has disbursed Rs 28,748 crore across 14 sectors under Production-Linked Incentive schemes till December last year. These initiatives aim to boost domestic manufacturing and have attracted significant investment. The schemes have led to increased sales and exports, while also generating substantial employment opportunities for the nation. This has helped India reduce imports and enhance local production capabilities.
Iranian supreme leader Khamenei, implacable foe of the US
The Islamic Republic, Ayatollah Ali Khamenei grapples with unprecedented challenges. Surrounded by mounting foreign pressure and growing dissent within Iran, he has traditionally quashed protests. However, as regional allies falter and U.S. threats loom, Khamenei's strategies are set to redefine the dynamics of the Middle East.
Word of the Day: Sanctimonious
Word of the Day: Refined in sound yet pointed in implication, the word Sanctimonious reminds readers that moral authority is strongest when expressed with humility rather than display.
A pregnant woman's murder was a meticulously planned attack, not a crime of passion. Investigators revealed the accused, her ex-husband, tracked her movements for weeks, acquired weapons including a chainsaw, and traveled to her home with intent to kill. The motive appears to stem from past disputes and resentment over their divorce and her remarriage.
India to focus on providing affordable compute capacity to all: Statistics Secretary Saurabh Garg
India is prioritizing equitable access to affordable computing capacity for AI development through a collaborative model involving government, philanthropists, and the private sector. The focus is on intelligent prioritization rather than rationing, aiming to ensure AI benefits all and fosters innovation for public interest infrastructure.
SC sets deadline for YSRCP MLC murder case
The Supreme Court has ordered the swift conclusion of a murder trial involving YSRCP MLC Anantha Satya Udaya Bhaskara Rao. The court expressed strong concerns about alleged collusion between the police and those in power. The trial is now mandated to finish by November 30. This directive aims to ensure justice in the case of the former driver's death.
EC to visit Tamil Nadu, Puducherry from Feb 25 to 27 to assess poll preparedness
From February 25 to 27, the Election Commission will visit Tamil Nadu and Puducherry to evaluate the regions election readiness ahead of the assembly elections.
Macron confirms India to co-produce Rafale, 114-jet order, supports Make in India
Dodging bullets to save sparrows in strife-hit Manipur
Anish Ahamad, an environmentalist in Manipur, persists with his sparrow conservation mission. He distributes handmade nests in villages near Churachandpur and Bishnupur districts. His work faces disruptions due to ongoing ethnic violence and gunfire. Ahamad has installed over 600 nests, boosting local sparrow populations. He also works on wildlife rescue and tree plantation. His efforts continue despite the challenging circumstances.
MHADA Lottery 2026: Maharashtra Housing and Area Development Authority (MHADA) has launched a significant initiative to clear its inventory by offering 118 residential flats across Mumbai on a First-Come, First-Served (FCFS) basis. These are flats that remained unsold despite being part of three previous lottery cycles, now made available for direct purchase. Registrations for this scheme officially opened on February 17, 2026, allowing citizens to bypass the traditional lottery draw for the first time for these specific units.
The first trailer for House of the Dragon Season 3 is set to drop tomorrow, signaling an explosive escalation of the Dance of the Dragons. New posters show Queen Rhaenyra Targaryen on the Iron Throne, but her claim ignites a brutal power struggle. The upcoming season promises full-scale warfare and devastation, building on the groundwork laid in Season 2.
Tea prices rule firm at Kochi auctions as demand outpaces supply
Orthodox tea prices gain on lower arrivals, steady domestic consumption and renewed buying interest from CIS and Middle Eastern markets
Actor R. Madhavan opened up about the rule that shaped his long career. He says failure is not about lack of talent, but about the choices you make. This mindset has helped him stay relevant for over 25 years. He would rather face an honest failure than settle for an easy success. Read on to know more about it!
Australian shares finished the week lower on Friday, February 20, 2026. However, the benchmark S&P/ASX 200 index saw weekly gains. Strong corporate earnings from companies like BHP and National Australia Bank provided support. Investors are now awaiting results from Woodside Energy, Woolworths, Coles, and Qantas. Miners experienced a decline on Friday.
Industrialist Anand Mahindra has once again captured the internet's attention by sharing a viral video of a science teacher demonstrating Bernoullis Principle in a way that makes textbooks look dull. The video features a teacher struggling to inflate a massive yellow plastic bag using conventional breaths, only to fill it instantly with a single scientific blow.
US-India trade marathon eyes April finish line
India and the United States are set to operationalise an interim trade agreement in April, Union Commerce Minister Piyush Goyal said on Friday. Negotiators from both countries will meet in the US from February 23 for three days to finalise the legal text.
Diageo CEO plans to overhaul executive team, FT reports
Diageo's new chief executive Dave Lewis is planning a significant overhaul of his top team. The company's 14-person executive committee is expected to see several members replaced. Lewis aims for a wholesale change, potentially removing entire management layers. This move comes as Diageo faces challenges in its largest market, the United States.
Nutritionist Rujuta Diwekar debunks the low-fat myth in Indian diets, stating that traditional foods like cashews, peanuts, and coconut do not contain dietary cholesterol and can be part of a healthy heart regimen. She also highlights the significant impact of environmental factors, such as air pollution and urban design, on cardiovascular health, urging for lifestyle and civic changes.
AI Summit: PM Modi discusses potential of harnessing AI in agri, edu with top execs
Prime Minister Narendra Modi met with AI and deeptech startup leaders. They explored using artificial intelligence in agriculture, environmental protection, and higher education. The Prime Minister stressed strong data governance and solutions for India's needs. He expressed confidence in Indian companies and domestic innovation. Startups highlighted India's growing AI ecosystem and global potential.
Rahul Gandhi accuses PM of 'abject surrender' in trade deal
Rahul Gandhi questions the integrity of Prime Minister Narendra Modi's recent trade pact with the United States, suggesting that India is making significant concessions while garnering minimal benefits. He said that the answer to why the PM agreed to a deal, where India gives so much and appears to get so little, and make an abject surrender lies in the grips and chokes placed on him.
Why high salaries still feel insufficient: CA lists 10 real money traps to steer clear from
Many professionals and business owners earn more but feel financially insecure. Rising living costs outpace salary growth. Low savings and high EMIs consume income. Unexpected medical expenses and credit card debt worsen the situation. Savings lose value to inflation. Delayed retirement planning and income uncertainty add to anxiety. Lifestyle inflation masks the underlying financial fragility.
NARCL places 285 crore anchor bid for BLA Power debt
The National Asset Reconstruction Company Ltd has taken the lead in the ongoing auction for BLA Power's distressed debt, presenting a bold offer of Rs 285 crore. This auction is being conducted through a Swiss Challenge, wherein lenders seek to maximize returns by inviting higher bids against the starting offer.
Heritage Foods Follows Stringent Quality Norms, Empowers Farmers: Nara Bhuvaneswari
Her remarks come at a time when the firm promoted by the family members of Chief Minister N Chandrababu Naidu has come under attack from the opposition YSR Congress, which has allegedly linked it to Indapur Daily, which supplied ghee to Tirumala Tirupati Devasthanams
Donald Trump 'loved' his India visit, PM Modi has invited him again: US Envoy Sergio Gor
Addressing a joint press conference with US Under Secretary of State for Economic Affairs Jacob Helberg and US President's Science and Technology Advisor Michael Kratsios, Gor said there was no formal announcement yet on the visit, but recalled that President Trump greatly enjoyed his earlier trip to India. He added that when Trump nominated him as ambassador, he had spoken about India's unmatched vibrancy, colour, history and culture, and expressed confidence that the President would return at some point.
India-US to begin 3 day negotiations to finalise interim trade pact
India-US trade deal: The Countries are set to finalize an interim trade agreement. Officials will meet in the US to draft the legal text. This deal aims to reduce tariffs and boost economic ties. A comprehensive agreement is expected later. India will purchase US goods, while reducing tariffs on others. This move opens new market access for Indian businesses.
Indias Saudi oil buy to hit six-year high as Washington curbs Russia route
India is poised to significantly boost crude oil imports from Saudi Arabia this month, reaching levels not seen in over six years. This shift comes amid mounting US pressure on India to curb its purchases of Russian oil. While Russia may still remain the top supplier, the gap is narrowing considerably, signaling a strategic realignment in India's energy sourcing.
The new terminal building at Guwahati airport, a Rs 4,000-crore project, will open its doors on February 22. Prime Minister Narendra Modi inaugurated the facility in December. This world-class gateway signifies a connected Assam. Both domestic and international flights are expected to operate from the new terminal by March. The old terminal will be repurposed as a cargo hub.
India vs Pakistan T20 World Cup rivalry delivers record numbers for Reliance co JioStar
India vs Pakistan T20 World Cup: The India versus Pakistan T20 World Cup match achieved record digital reach and consumption. JioStar reported 163 million digital viewers, surpassing previous ICC events. TV ratings also saw a significant jump. This fixture continues to be a major draw for fans and a key revenue generator for broadcasters. The tournament is on track for record overall digital reach.
India-US to begin 3 day talks to finalise interim trade pact
India-US trade deal: Officials from both countries will meet in the US from February 23 to finalize the legal text for an interim trade agreement. This meeting follows the finalization of a framework for the deal. The agreement is expected to be signed in March. Both nations will offer duty concessions on various goods.
KPI Green Energy completes 92.4-MW wind power project in Gujarat
KPI Green Energy has successfully completed a significant 92.4 megawatt wind power project in Gujarat. This project, developed for Ayana Renewable Power Four, features 28 wind turbine generators. The company has finished all necessary work, including substations and transmission lines. This achievement underscores KPI Green Energy's capability in executing large renewable energy projects and boosts India's clean energy capacity.
Micron Technology is investing USD 2.75 billion in Gujarat for a new semiconductor facility. This pioneering project will handle assembly and testing of advanced memory wafers. The facility's clean room is as large as 10 cricket fields. This initiative strengthens US-India technology ties and boosts India's manufacturing capabilities. The grand opening is coming up soon.
Who was Quentin Griffiths and what is his cause of death, net worth and family details? ASOS co-founder died after falling from Thailand apartment. Police are investigating cause of death, net worth, legal disputes, family details, and business history linked to ASOS shares and earnings.
Tata Punch EV 2026 vs Nexon EV: Price, range, charging options, interior and more specs compared
Tata Punch EV vs Nexon EV: Tata Motors launched the Tata Punch EV Facelift in India on February 20, 2026, introducing significant design and tech upgrades to its popular micro-SUV. The new model features a sharper front profile with a full-width LED light bar and aero-focused alloy wheels.
'MODI governance means Maximum Optics Damaging India': Cong's dig over US-Pak 'romance'
Congress has attacked the government's foreign policy. They state that US-Pakistan relations remain strong. Meanwhile, India's leader is busy with optics. This is described as 'MODI governance - Maximum Optics Damaging India'. Pakistan's Prime Minister attended an event in Washington. He praised Donald Trump. India has consistently denied third-party intervention in its affairs.
Mrunal Thakur addressed recent wedding rumours, clarifying her stance on marriage. She revealed that her parents frequently discuss her settling down and expressed openness to an arranged marriage. The actress also shared her preference for an authentic partner. Read on to know more about it.
India signs US-led Pax Silica to boost AI, semiconductor & critical minerals supply chain
Piyush Goyal launches export promotion mission to fast-track Indias journey from local to global
India is stepping onto the global trade stage with a robust Export Promotion Mission aimed at revolutionising its outbound trade. This initiative seeks to ease the path for smaller companies, making exporting more straightforward and accessible. With a sharp focus on adapting to shifting global trade trends, this six-year program will equip Indian enterprises to thrive in diverse markets.
Varsapradaya unveils IoT-based precision farming devices for Indian coffee sector
Eyes installation of 500 devices this year, signalling growing demand for tech-led solutions in agriculture
This simple plastic bag trick left Anand Mahindra wishing for a different physics teacher
A viral video showcasing Bernoulli's principle, making physics engaging, has captured Anand Mahindra's attention. The clip demonstrates how a single breath can inflate a long plastic bag by creating a low-pressure zone, a technique also used by firefighters. Mahindra wished for such creative teaching in his school days, highlighting the enduring value of innovative pedagogy even in the AI era.
NTPC Renewable Energy begins commercial supply of 165 MW from Khavda-II solar project
NTPC Green Energy announced a significant milestone. Its arm, NTPC Renewable Energy, has commenced commercial supply from the second phase of its Khavda-II solar project in Gujarat. This adds 165 MW to the group's operational capacity. The total installed capacity of the NTPC Green Energy Limited Group now stands at 8,992.68 MW.
Tata Electronics to make Qualcomm Automotive Modules in Assam under new pact with US chip giant
Under the arrangement, Tata Electronics will become part of Qualcomm Technologies global network of module manufacturing partners, a move aimed at catering to rising worldwide demand for modular automotive platforms.
French malt major Soufflet to invest $118 mln in India amid booming beer demand
France's Soufflet Malt will invest 100 million euros in a new production facility in Rajasthan, India. This move aims to meet the growing demand for beer in emerging markets. The facility will produce 110,000 metric tons of malt annually. This expansion contrasts with restructuring in Europe. India's beer consumption is expected to rise significantly.
Virginia Woolf revolutionized storytelling by exploring the inner lives of characters through stream-of-consciousness. Her philosophy emphasized finding peace through authenticity and confronting life's challenges, a message resonating strongly in today's world. Woolf's groundbreaking literary contributions, particularly her honest exploration of identity and consciousness, earned her recognition as a visionary pioneer.
UPL Limited is embarking on an ambitious journey to merge its global and regional crop protection divisions. This strategic initiative is designed to enhance efficiency and streamline operations within the company. Key players, including the Abu Dhabi Investment Authority and TPG, are backing this evolution.
India and Brazil plot a critical minerals and AI alliance amid a fragile world order
India and Brazil are set to boost collaboration on critical minerals and artificial intelligence. President Lula da Silva will meet Prime Minister Modi to discuss a framework agreement. Both nations aim to process minerals and advocate for inclusive AI development. This partnership strengthens emerging economies' influence in shaping global technology and supply chains.
Supreme Court refuses to entertain plea to restrain naming of religious structures in Babur's name
The Supreme Court has declined to hear a petition seeking to prevent the construction or naming of any mosque or religious structure after Babur or Babri Masjid. The petitioner's lawyer withdrew the plea after the bench expressed its unwillingness to proceed. This action followed an announcement by a suspended MLA to build a Babri Masjid replica in West Bengal.
French President Emmanuel Macron's recent state visit to India concluded with a viral farewell video featuring a popular Bollywood soundtrack. The montage, showcasing moments from his trip, ended with a thank you message, resonating with Indian social media users who celebrated the cultural connection.
Strong manufacturing growth lifts Flash PMI to three-month high of 59.3 in Feb
Growth was led by robust demand for goods even as services growth was broadly steady
Mahatma Gandhi, born in 1869, was a pivotal leader in India's independence movement. He developed Satyagraha, a philosophy of nonviolent resistance, which he used to mobilize millions against British rule. Gandhi also championed social reforms, advocating for the eradication of caste injustices and improved women's status, leaving a profound global legacy.
Dolly Parton, a global icon, has achieved remarkable success over six decades. She is a celebrated country singer, songwriter, actress, and philanthropist. Her career spans over 50 studio albums and numerous hit songs. Parton's influence extends beyond music, with acclaimed film roles. She has received prestigious awards, including Grammy and Emmy honors. Her philanthropic efforts are also widely recognized.
PPF, SSY, other small savings schemes are not only about tax saving - Here's what you are missing
Small savings schemes like PPF, SSY, and NSC are relevant even for the taxpayers who have opted for the new tax regime. These schemes are being changed and recast as tools for long-term, tax-resistant, purposeful saving. They are not out of date; their role in Indian household finance is changing.
Union Minister Giriraj Singh backs The Kerala Story 2 amid legal challenge
Union Minister Giriraj Singh has backed 'The Kerala Story 2'. He stated filmmakers have the right to show truth. The film's trailer depicts Hindu women allegedly trapped by Islamic men. The Kerala High Court has issued notices regarding the film's censor certificate. Kerala's Chief Minister opposes the sequel, fearing it will incite communal discord.
India joins US-led Pax Silica coalition
Alliance aims to build resilient supply chains for critical minerals and artificial intelligence
Tata Punch EV Facelift launch: For buyers watching Indias entry EV space closely, the update focuses on styling polish, technology upgrades and possibly more range -- without changing the core formula that made the Punch EV popular.
William Wordsworth's quote, 'Life is divided into three terms - that which was, which is, and which will be,' offers a timeless perspective on navigating life. It encourages learning from the past to inform present actions, ultimately shaping a more fulfilling future. This philosophy emphasizes intentional growth and transforming challenges into valuable lessons.
SpiceJet market share doubles as capacity expansion takes off
SpiceJet has significantly boosted its domestic market share. The airline's capacity has doubled, supported by new aircraft. This expansion strengthens its network and schedules. SpiceJet plans further capacity growth and aims to operate over 300 daily flights. The fleet will increase through leases and returning grounded planes. This progress reflects restored capacity and a strengthened network.
After successful inspection and speed trials, the CRS has approved train operations on the route at a maximum permissible speed of 110 KMPH, paving the way for enhanced connectivity in the region.
Senior Congress leader Priyanka Gandhi starts two-day tour of poll-bound Assam
Priyanka Gandhi heads the screening committee of the grand old party. She held interaction with and block level workers of the party before finalising the list of candidates for the forthcoming Assembly elections in Assam.
Inside Americas Pax Silica strategy and why Indias entry is pivotal for AI supply chain
India is set to join the US-led Pax Silica initiative. This partnership focuses on securing artificial intelligence and technology supply chains. It aims to build resilient systems from critical minerals to AI infrastructure. India's participation strengthens cooperation on emerging technologies and economic security. This move is significant for global technology development and trade.
2026 Winter Olympics ice hockey: How to watch the semi-finals, schedule, and global timings
2026 Winter Olympics ice hockey: The stakes couldn't be higher, as the winners of today's matches will advance to the Gold Medal Game scheduled for Sunday, February 22, while the losers will meet in the Bronze Medal Game on Saturday, February 21.
Wednesday Season 3 release date, filming, cast and plot update confirms production has started in February 2026. Netflix expects a 2027 release. Jenna Ortega returns with Eva Green joining as Aunt Ophelia. The plot continues after season 2 events, with new threats, returning characters, and unresolved mysteries shaping the next chapter.
Jeffrey Epstein's estate to pay $35 million settlement in victim class action
Jeffrey Epstein's estate is set to pay up to $35 million. This resolves a lawsuit against two of his former advisers. They were accused of helping Epstein in his sex trafficking. The settlement aims to provide financial relief to victims. This brings a close to claims against the Epstein estate. Epstein died in jail in 2019.
Faridabad factory fire toll rises to 39
Tragedy struck in Faridabad as the death toll from the factory fire rose to 39, with two more casualties reported, including the owner's son who succumbed to his injuries after heroically attempting to save his father.
King Charles' brother Andrew released after arrest over his connection to Epstein Files
Hebah Patel's horror film Eesha, which received mixed reviews upon its theatrical release, is now set for its digital debut in India. The film, revolving around friends exposing a fake godman and facing a haunted house challenge, will be available under the slightly altered title 'Isha'. Read on to know where you can watch it online.
WhatsApp introduces group message history to help new members catch up seamlessly
WhatsApp is introducing 'Group Message History' to ease new member onboarding. Admins and members can now share up to 100 recent messages, eliminating lengthy recaps. This feature, which is not automatic and respects end-to-end encryption, aims to streamline coordination for work, family, and communities by reducing the common 'What did I miss?' query.
Maths and magic meet in Bengaluru as Dr. Martens scales global strategy
Dr. Martens is building its future in Bengaluru, India. The brand has opened a Global Capability Centre to blend its rich heritage with digital innovation. This move taps into India's talent for technical precision and creative thinking. The Bengaluru hub will drive key functions like supply chain and data analytics. This strategic step ensures Dr.
IDRCL settles two insolvency cases, first since inception
India Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, has successfully resolved two accounts, distributing approximately Rs 330 crore to banks. This marks the bad bank's first recoveries since commencing operations in 2022, with resolutions for Metenere Ltd and Helios Photo Voltaic.
Pakistan PM Shehbaz Sharif 'lauds' Trump for his role to bring 'peace' in South Asia
An HR executive was brutally attacked with bats after his car was rear-ended near IMT Manesar. The victim, Nitesh Bhatia, believes the assault was pre-planned, not mere road rage. Three assailants, armed with cricket and baseball bats, continued to beat him even after he fell. Bystanders intervened, and police are reviewing CCTV footage to identify the attackers.
Classified Information: Trump drops bombshell claim on aliens after Barack Obamas remark
In MP assembly, Vijayvargiya uses unparliamentary word for LoP Singhar; CM Yadav extends apology
During the discussion on the motion of thanks on the Governor's address in the Assembly on Thursday, the parliamentary affairs minister lost his cool, triggering an uproar.
Actor Eric Dane aka McSteamy, has died at 53. He battled ALS and passed away surrounded by his family. He was married to Rebecca Gayheart, and they shared two daughters. Their relationship evolved over the years, remaining a strong support system. Read on to know more about his family.
HC issues notice to producers of 'The Kerala Story 2', CBFC on plea to quash certification
he Kerala Story 2 case: The petition stated that it approached the court after being aggrieved by the grant of certification to the film titled The Kerala Story 2 - Goes Beyond by the CBFC allegedly without due compliance with the statutory mandate under the Cinematograph Act, 1952.
Kiku Sharda recently addressed claims of falling viewership for The Great Indian Kapil Show after its move to Netflix. He attributed potential perceptions of less engagement to the shift from twice-weekly to weekly episodes, asserting the team's creative style remains unchanged and is appreciated by the new platform. Read on!
Iran warns US bases, assets 'legitimate targets' if attacked
Iran has issued a stern warning to the United States. Iranian ambassador Amir Saeid Iravani stated that US bases and assets in the region will be considered legitimate targets. This comes amid escalating tensions and military deployments by the US. Iran insists it is committed to diplomatic solutions for its nuclear program.
55% of Indian Americans disapprove of Trump's India policies: Survey
A new survey reveals Indian Americans are unhappy with Donald Trump's approach to India. Trade and technology issues have strained ties. Many also face online racism and discrimination. This impacts their political leanings and views on US-India relations. The report highlights growing concerns for the diaspora.
Trump says he doesn't know if aliens are real but directs govt to release files on UFOs, more
President Donald Trump has ordered government agencies to release files on aliens and UFOs. This follows former President Barack Obama's comments suggesting aliens might exist. Public interest in UFOs grew after leaked Navy videos in 2017. Congress held hearings, and the Pentagon established an office to investigate these phenomena.
Breakout from lifetime highs: Indian Bank offers derivatives upside play
How actor Madhavan's middle-class approach to investing made him big money early in his career
Actor R. Madhavan opens up about the simple financial principles that shaped his wealth journey. Backed by a grounded, middle-class mindset, he chose land and property over flashy spending in his early years. Guided by his grandfathers advice, he focused on long-term stability, even after facing setbacks in the stock market. Up next, he will be seen in Dhurandhar 2.
LIVE | Trump pitches economic plan in Georgia as high prices frustrate voters
UK PM Starmer blocks Trump from using RAF bases to strike Iran amid escalating tensions: Report
UK Prime Minister Keir Starmer reportedly blocked Donald Trump from using RAF bases for strikes on Iran, citing concerns over international law. This decision came amid US military build-up and Trump's public calls for the UK to resist wokeism and not cede control of Diego Garcia.
US automakers caught in crossfire of Trump, California EV battle
If California wins, it could force U.S. automakers to comply with two diametrically opposed regulatory schemes: President Donald Trump's anti-EV policy and California's pro-EV regime, which 11 other states have adopted.
ED attaches assets worth Rs 82 crore in real estate fraud case
Quote of the Day by Michael Hudson: The economy doesn't work for you it works to extract from you. U.S. national debt has crossed $34 trillion in 2026. Annual federal interest payments now top $1 trillion. Household debt exceeds $17 trillion. Mortgage rates remain high. Credit card interest rates are above 20%. Economist Michael Hudson says this is a debt-driven economy. In Super Imperialism, he explains how the U.S. shifted from creditor nation to debtor nation. He argues financialization and rent extraction drive wealth inequality. Growth rises. But debt rises faster.
