Good Riddance, Jasmine Crockett

China Curbs US Investment In Tech Companies After Meta Acquisition Of Manus Following earlier news that China has blacklisted 7 EU defense and aerospace firms over their dealings with Taiwan, Bloomberg reports that China plans to restrict top technology firms, including leading AI startups, from accepting US capital without government approval.  Chinese regulators, including the National Development and Reform Commission, have recently instructed several private technology firms to reject U.S. investment in funding rounds unless explicitly approved, ​the report said. The commission - a powerful state planning agency with broad policy-making powers -...

Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars After accelerating significantly in March, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023. The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY... The headline PCE...

DC Jury Nullification Even Protects International Gang Lords Authored by Julie Kelly via Declassified with Julie Kelly, "I've done this a long time and haven't seen one quite like this one, I have to say." So said U.S. District Court Judge Royce Lamberth, who has sat on the D.C. federal court bench since Ronald Reagan appointed him in 1987, last April. What exactly stumped the senior judge that day? Another pending mistrial in the government's prosecution of two of MS-13's most notorious gang leaders. For the second time in five months, a D.C. jury...