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Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media
Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media
Despite the positive development of a shaky US-Iran ceasefire holding, the reality is that Tehran still maintains de facto control over the vital Strait of Hormuz waterway. A mere few vessels passed without incident on Wednesday, before Iran's military closed the strait again, citing Israel's massive attacks on Lebanon.
The Associated Press has emphasized Thursday, "Iran's approval system for ships granted safe passage - after vetting by the Islamic Revolutionary Guards Corps - remains unchanged despite US...
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May 5, 2026 / Tyler Durden
Alberta Separatists Say They Have Enough Signatures To Force Referendum On Leaving Canada
Alberta Separatists Say They Have Enough Signatures To Force Referendum On Leaving Canada
A group pushing for Alberta to break free from Canada announced Monday that it has submitted nearly double the number of signatures required to force a referendum -- which could come as early as October. While Alberta Premier Danielle Smith opposes independence, she has assured Albertans that she will not try to thwart a referendum if the signature hurdle were cleared.
A signature in support of an independence referendum is collected atop a mountain in Alberta (via Stay...
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May 28, 2026 / Tyler Durden
Visualizing The Beef-Margin Bloodbath Behind Tyson CEO's Exit
Visualizing The Beef-Margin Bloodbath Behind Tyson CEO's Exit
Tyson Foods CEO Donnie King is stepping down after five years at the helm of the nation's largest meatpacker, with the stock having languished under his tenure as the company battled some of the worst cattle-market conditions in a generation.
Jeff Schomburger, a long-time Tyson board member, will become president and CEO on October 4. King, a 43-year Tyson veteran, will remain on the board and help with the transition beginning in July.
"The board and I are confident in Jeff Schomburger's ability...
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Mar 20, 2026 / Tyler Durden
What 122 Universal Basic Income Experiments Actually Show
What 122 Universal Basic Income Experiments Actually Show
Authroed by Vance Ginn via the Daily Economy,
Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income. Recent pieces in Newsweek, the LSE Business Review, and Fortune have all helped push the idea that AI may soon wipe out so many jobs that Washington will need to send everyone a check.
Image Credit: Shutterstock
That makes for a catchy headline. It also makes for terrible economics.
The right question is not whether AI...
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