What Caused the Collapse of Silicon Valley Bank?

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.

House GOP Unveils Bill To Extend Key Surveillance Power Until 2029 Authored by Jackson Richman via The Epoch Times (emphasis ours), House Republicans on Thursday unveiled legislation to extend for three years a surveillance authority that permits the collection of communications from non-U.S. persons located abroad without a warrant. The U.S. Capitol building on April 22, 2026. Madalina Kilroy/The Epoch Times The House Rules Committee released the nine-page bill, which would renew Section 702 of the Foreign Intelligence Surveillance Act (FISA) through April 30, 2029. Section 702 authorizes warrantless surveillance targeting foreign individuals...

Indian Scrapyards Welcome Growing Number Of Dark Fleet Tankers By Tsvetana Paraskova of OilPrice.com At least three vessels sanctioned by the United States have arrived in recent weeks at the demolition hub of Alang on India’s west coast, following a record 15 dark fleet tankers sent to these scrapyards last year, as the business rebounds despite concerns about dealing with sanctioned ships.   The Woodchip, built in 1993 and sanctioned by the U.S. in 2021 under one of its previous names, is the third tanker to have arrived at Alang in less than...