Subsidizing Higher Education Is Not Creating Widespread External Benefits

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US...

Israel has stepped up attacks once again overnight on Wednesday and into Thursday, hitting targets in southern Lebanon as well as in the Beqaa Valley in the east. As is often the case, the IDF claimed that they were hitting Hezbollah weapon storage sites, though as is equally often the case, they provided no evidence […]

Most Ships Transit Strait Of Hormuz Since War Started Led By Iranian, China-Linked Tankers Yesterday we pointed out that contrary to conventional wisdom of a full Gulf blockade, more ships are now transiting the Strait of Hormuz... Strait ship traffic starting to move (chart GS) pic.twitter.com/VJ0M9ET3yi — zerohedge (@zerohedge) March 10, 2026 Another bulk carrier signaling ‘China Owner&Crew’ u-turned away from the strait following the incident, underscoring the heightened security risks. As we reported previously, widespread electronic warfare tactics, including spoofing and signal jamming, have made real-time monitoring of traffic increasingly difficult. With several vessels opting...