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Choke Point: The Global Economic Consequences of The Persian Gulf Shutdown
The Persian Gulf is the most consequential body of water in the global economy. Its narrow exit — the Strait of Hormuz, just 33 kilometres wide at its narrowest point — acts as a valve through which flows an extraordinary share of the world’s energy and agricultural inputs. A sustained closure of that valve by […]
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Feb 26, 2026 / Tyler Durden
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.
The news sent shares up over 30% in after hours trade.
"We are taking bold and decisive action here, but we’re doing it from a position of...
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Feb 17, 2026 / Kyle Anzalone
US Official Says No ‘Gentlemen’s Agreement’ with Russia to Continue Compliance with New Start Treaty
Assistant Secretary of State for Arms Control and Nonproliferation Christopher Yeaw said that there was no informal agreement between the US and Russia to maintain the limits on nuclear weapons imposed by the New Start Treaty. The pact expired earlier this month. During an event at the Hudson Institute on Monday, Yeaw was asked if […]
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Jan 20, 2023 / Matthew Gault
U.S. ‘No Fly List’ Leaks After Being Left in an Unsecured Airline Server
The list, which was discovered by a Swiss hacker, contains names and birth dates and over 1 million entries.
Read moreA copy of the U.S. No Fly List has leaked after being stored on an unsecure server connected to a commercial airline. The No Fly List is an official list maintained by the U.S. government of people it has banned from traveling in or out of the United States on commercial flights.
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