US Launches Several Days of Airstrikes in Somalia

Rubio Says 'We Remember Their Lives And Honor Their Legacy' On Tiananmen Massacre's 37th Anniversary Authored by Melanie Sun via The Epoch Times, U.S. Secretary of State Marco Rubio issued a statement to mark the 37th anniversary of the Chinese Communist Party’s Tiananmen Square Massacre. “On June 4, the world marks 37 years since the Chinese Communist Party ordered its troops to attack thousands of peaceful demonstrators in and around Tiananmen Square,” Rubio said in a statement late June 3 in the United States, which is hours behind China. “Chinese students, workers, and...

Palantir CEO Has Grim Prediction For Democrats Over AI Palantir CEO Alex Karp delivered an apocalyptic warning to progressives, particularly "highly educated, often female voters, who vote mostly Democrat," stating that their influence over the economy and broader society will erode as technologies such as artificial intelligence transfer power to working-class, right-leaning men. "This technology disrupts humanities-trained, largely Democratic voters, and makes their economic power less. And increases the economic power of vocationally trained, working-class, often male, working-class voters," Karp told CNBC hosts on Thursday. He continued, "And so these disruptions are gonna disrupt every...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...