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China Dismisses Report Of Top Chipmaker Aiding Iranian Forces As "Fake News"

China Dismisses Report Of Top Chipmaker Aiding Iranian Forces As "Fake News" Beijing moved into damage-control mode on Friday, with its foreign ministry dismissing a Reuters report that cited two senior Trump administration officials alleging that SMIC, China's largest chipmaker, had sent chipmaking tools to Iran, as "false information." Asked about the report at a regular news conference in Beijing, foreign ministry spokesman Lin Jian said he was "not familiar with the situation" and added, "What I can tell you is that recently, some media have been keen on releasing...
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Feb 17, 2026 / Ryan McMaken
A Brief History of the Petite Bourgeoisie
From the Jacksonians to the Marxists, political theorists have understood that there is something unique about "small industry" between big business and propertyless workers.
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Jul 14, 2026 / Tyler Durden
Meta Used AI To Lay Off Workers With Medical Conditions: Lawsuit
Meta Used AI To Lay Off Workers With Medical Conditions: Lawsuit Twenty-six Meta employees have sued the company, alleging that AI-assisted systems used in its layoff process unfairly disadvantaged workers with disabilities, medical conditions, pregnancies, or family-care responsibilities. The lawsuit was filed Monday in federal court in Oakland, California. The employees, who are proceeding anonymously, claim Meta considered factors such as productivity scores and employees' use of AI tools when deciding which jobs to eliminate. According to the complaint, this approach penalized workers whose medical leave or caregiving obligations reduced their...
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Sep 12, 2026 / Tyler Durden
No Secretary Bessent, We Aren't Magically Growing Our Way Out Of Debt
No Secretary Bessent, We Aren't Magically Growing Our Way Out Of Debt Authored by Vincent Cook via The Mises Institute, As the official federal debt hit the $40 trillion mark and attracted a lot of negative publicity, Treasury Secretary Scott Bessent tried to reassure CNBC's Sara Eisen in an August 20 interview that there is nothing to worry about: Well, yes, I mean, look, Sara, there's nothing magic about the $40 trillion number. And we can grow our way out of that. So, but what we do want to signal is, I...
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