Subsidizing Higher Education Is Not Creating Widespread External Benefits

Iran-Linked Media Floats Data Tax On Hormuz Undersea Internet Cables An Islamic Revolutionary Guard Corps-linked media outlet has signaled that submarine fiber-optic cables running through the Strait of Hormuz remain in Tehran’s crosshairs. Tehran views Hormuz not only as an energy chokepoint but also as a digital chokepoint, with undersea cables beaming internet across the Gulf and into the global network. Source: Retuers  Tasnim published an article titled “Three Practical Steps for Generating Revenue from Strait of Hormuz Internet Cables,” pointing out that Tehran must reassess how it exercises sovereignty over the strategic...

Apple To Close First Unionized Store, Along With Two Others, Citing "Declining Conditions" Apple is permanently closing three mall-based stores in the coming months: Apple North County in California, Apple Trumbull in Connecticut, and Apple Towson Town Center in Maryland, which is the company's first unionized store. "Following the departure of several retailers and declining conditions at Trumbull Mall, the Shops at North County, and Towson Town Center, we've made the difficult decision to close our stores at these locations," Apple told computer blog AppleInsider in a statement.  Most workers will...

Anthropic Eyes $30B Raise At $900B Valuation As UBS Says Claude Is "Gaining Ground" AI is still where the money is flowing... A Bloomberg report late Tuesday revealed that Anthropic, the maker of Claude, is in early discussions with investors to raise at least $30 billion at an eye-popping valuation of nearly $900 billion. Clearly, this could become the largest funding round to date for founder Dario Amodei. The Claude maker is in discussions to raise the new capital at a valuation of more than $900 billion, not including the investment, said...