Sunday: RAGE Against the War Machine in San Francisco

Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on Monday evening. On Sunday, a senior advisor to Iranian Supreme Leader Mojtaba Khamenei warned that Iran has "large, untouched levers" to respond to such a blockade.  Perhaps ominously, Bab el-Mandeb translates to "Gate of Tears" (map via...

Dramatic Footage Shows Air Canada Jet Colliding With Fire Truck At LaGuardia Summary: Air Canada Express Flight AC8646 collided with a fire truck late Sunday night at LaGuardia Airport The pilot and co-pilot were killed, while dozens of passengers were injured LaGuardia has remained closed since the crash, with flights not expected to resume until 1400 ET ATC audio suggests the controller may have been distracted by an earlier incident *  *  *  Update on Air Canada Express Flight Crash At LaGuardia Surveillance footage posted on X by aircraftmaintenanceengineer appears to show the moment Air Canada Express Flight...

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...