Subsidizing Higher Education Is Not Creating Widespread External Benefits

Will Black Voters Rescue The GOP In 2026? The Republican Party is bracing for a brutal midterm election this year. Polls show Democrats ahead in the generic congressional ballot, and prediction markets give them solid odds of taking the House and a modest chance of flipping the Senate. But despite polls and prediction markets, there are signs that the GOP could defy history. And it comes down to black voters. Could black voters actually be the secret weapon that keeps Republicans in power after the 2026 midterms? The numbers, at least according...

Will QatarEnergy's LNG Fiasco Derail Goldman's Prewar View Of A Mega LNG Wave Global energy flows are being rewired across Eurasia as the Russia-Ukraine war and the latest U.S.-Iran conflict disrupt Gulf energy flows in what may be the worst energy shock on record. One major new development is that roughly 20% of global LNG flows remain shut in the Gulf region because of the Hormuz chokepoint, with QatarEnergy warning last week that 17% of its LNG export capacity could be offline for three to five years. That brings us to Goldman commodities...