Biden versus Bastiat

Tim Cook Stepping Down As Apple CEO; John Ternus, Head Of Hardware, Will Take Over Confirming long-standing rumors of Tim Cook's replacement, after hours Apple announced that Tim Cook will step down as CEO and become executive chairman of Apple’s board of directorsm while John Ternus, senior vice president of Hardware Engineering whose name has been speculated as the next boss of Apple, will become Apple’s next chief executive officer effective on September 1, 2026. The transition was approved unanimously by the Board of Directors. Cook will continue in his role as CEO...

Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates Meta Platforms is laying off a few hundred employees today as its workforce restructuring continues, following years of terrible metaverse bets and overhiring during the Covid era. Reports of another round of layoffs surfaced earlier this month, and just last week, Meta shut down Horizon Worlds, its virtual reality social network for Quest headsets. The Information reports that a few hundred employees will be let go today as part of the company's effort to reposition itself in the AI...

Oil Tumbles After Reported Final Draft Of US-Iran Agreement Reached, But Nuclear Issue Absent Summary AI Arabiya TV obtains what it describes as final draft of US-lran agreement, oil tumbles. Reuters reported that Ayatollah ordered that stockpile of uranium enriched to 60% remain strictly inside Iranian territory. Some Iranian officials then denied report to Al Jazeera. WH says make a deal or else... "they can face a punishment from our military the likes of which has not been seen in modern history." US Intelligence says Iran has reconstitute drone program, defense industrial base, "faster...