Subsidizing Higher Education Is Not Creating Widespread External Benefits

Here's All The Key Figures Who Have Resigned Over The Epstein Files...So Far We are starting to finally see the beginning of a series of high-profile resignations following the Justice Department’s latest release of millions of pages tied to convicted sex offender Jeffrey Epstein. The documents—emails, financial records, and photographs—name figures from politics, finance, diplomacy, academia, and the arts. Although inclusion in the files is not evidence of wrongdoing, the renewed scrutiny has prompted several prominent leaders to step down, as was documented by Time yesterday.  As we've covered individually, those who...

Futures Rise, Nasdaq Up 10 Days In A Row, On Iran De-escalation Optimism US equity futures, and global stocks rise while oil slides on a Reuters report that negotiating teams from the US and Iran could return to Pakistan later this week to resume negotiations to end the war in the Gulf, days after the first peace talks ended without a breakthrough, with chatter from Pakistani media that Trump is said to be in attendance. As of 8:00am ET,  S&P 500 futures are up 0.2% while Nasdaq 100 contracts add 0.4%,...

April Fools And The Last Supper By Benjamin Picton, senior market strategist at Rabobank Wednesday saw the unusual occurrence of three Anglosphere heads of government delivering televised addresses to their respective nations within 24 hours of each other. When news broke that Australia’s PM Albanese, Britain’s PM Starmer and US President Trump would all be interrupting regular programming to speak to their people, reactions ranged from jubilant speculation that the war is about to end all the way through to nervousness that Operation Iranian Freedom was about to be announced. Judging by...