Subsidizing Higher Education Is Not Creating Widespread External Benefits

Armor-Piercing Ammo Metal Up 557% As China Chokes Supply, War Demand Surges Tungsten, used in missiles, tank rounds, armor-piercing ammunition, and some smaller-caliber munitions, has surged in price over the last year as China curbed exports and global supplies tightened. This is a major concern, as multi-front conflicts - from the Middle East to Eastern Europe - are depleting interceptor missile supplies. Bloomberg cites new data from commodity price reporting agency Fastmarkets showing tungsten prices have surged to $2,250 per metric ton this month, up 557% since Beijing added certain tungsten...

Prime Minister Robert Fico said that if Kiev does not allow Russian oil to flow to Slovakia by Monday, Bratislava will halt energy transfers to Ukraine. “IF THE UKRAINIAN PRESIDENT DOES NOT RESUME OIL SUPPLIES TO SLOVAKIA ON MONDAY, ON THAT SAME DAY I WILL ASK THE RELEVANT SLOVAK COMPANIES TO STOP EMERGENCY ELECTRICITY SUPPLIES […]

On this episode of Power and Market, we feel compelled to discuss this week's State of the Union speech.