The Bill of Rights Against the States

Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan Via The Cradle Iran is considering allowing a "limited number" of oil tankers to pass through the Strait of Hormuz on the condition that the oil cargo is traded in Chinese yuan, CNN has reported. A senior Iranian official told the US news outlet that Tehran is working on a new plan to manage tanker traffic through the strategic waterway on Iran’s southern coast. via Associated Press Iran has effectively sealed off the strait, allowing only its own and Chinese ships to...

A Model For Europe? Switzerland Moves To Strengthen Country Against Foreign Property Owners And Migration Via Remix News, Foreign property owners will see their access to Swiss housing significantly reduced, as the Federal Council has decided to require authorization for their purchases. With foreigners accounting for more and more real estate transactions in the Western world, Switzerland’s tough measures may be a template for other nations. The new measure aims to combat the housing shortage, especially as the population is set to vote in two months on the Swiss People’s Party’s (SVP)...

Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month" While the digital US economy, if proxied through the earnings growth and stock prices of AI companies and their "picks and shovels" support ecosystem, has never been stronger, the traditional US consumer, responsible for 70% of US GDP, has rarely been more depressed than right now (and according to the latest University of Michigan sentiment survey, Americans have literally never been more pessimistic).  That was the take home message from the latest earnings week, when...