The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

Three Supertankers Carrying Iraqi And Saudi Crude Sail Through The Strait Of Hormuz The wait is over: after the Persian Gulf side of the Hormuz Strait had turned into a bit of a parking lot late last week as tankers piled up hoping to use the ceasefire and make the crossing, two Chinese supertankers loaded with crude sailed through the Strait of Hormuz hours after a Greek vessel moved through the waterway, marking a significant uptick in oil shipping traffic. It represents the biggest day of oil exits through Hormuz since...

Typical US Homeowners Stay 12 Years In Their Homes - 20 Years In Los Angeles Authored by Mary Prenon via The Epoch Times (emphasis ours), U.S. homeowners stayed in their houses for about 12 years as of 2025—the longest median time since 2022. A view of houses in a neighborhood in Los Angeles on July 5, 2022. Frederic Brown/AFP via Getty Images In a March 4 report, Redfin noted that the “stay put” trend peaked at 13.4 years in 2020, then gradually declined every year until 2024, when it hit 11.8 years. Last...

Artificial Intelligence, Real Misallocation Authored by Peter C. Earle, Ph.D, Artificial intelligence may well be the most important technological development of the coming decade-and that is exactly why the current capital surge around it warrants skepticism. History is littered with transformative innovations that were nonetheless disastrously overbuilt and mispriced in their early phases. Austrian Business Cycle Theory was never a children’s story in which every boom ends with clowns, ashes, and worthless machinery; its real claim is subtler and nastier. When the price of time is falsified-when interest rates are pushed...