Swalwell Resigns From Congress - Effective TODAY, After Fresh Rape Allegation And Corroborating Campaign Records

The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking Authored by Kurt Cobb via Resource Insights, Even a 4–5% loss in global energy supply could translate into a comparable drop in economic activity due to energy’s central role in all production. Disruptions in oil and LNG flows through the Strait of Hormuz are already removing a significant share of global energy, with cascading impacts across industries. Rising energy costs trigger widespread knock-on effects—from food and travel to semiconductors—potentially leading to a severe global recession. A priest, an engineer, and an economist are...

It's A Gambling Platform "Plain And Simple"; New York Sues Kalshi Authored by Olivier Acuna via CoinDesk.com, New York sued prediction-market Kalshi, alleging it offers sports and event wagers in the state without a gaming license. The petition, filed in the New York Supreme Court on Friday, asks a judge to bar the company from operating an unlicensed gambling business and seeks an accounting of customer bets, losses and company gains, plus restitution, damages and civil penalties. The state is seeking a penalty equal to three times Kalshi’s gains from the activity, plus $100,000 for each...

Los Angeles Is Painting Its Streets To Fight Heat Waves Researchers found that coating more than 700,000 square feet of asphalt in a Los Angeles neighborhood with a solar-reflective material helped reduce urban heat, though the benefits came with limitations, according to the Times of India. The project, conducted in Pacoima in the San Fernando Valley and published in Environmental Research Communications, covered roads, parking lots, playgrounds, and basketball courts with a reflective coating designed to bounce sunlight away instead of absorbing it. During a September 2022 heat wave, afternoon air...