US Catholic Bishops Clarify Just War Theory After Vance Says Pope Leo Should Be ‘Careful’ in His Comments

No, AI Won't Make Money Obsolete Authored by Peter Earle via the American Institute for Economic Research, The notion that artificial intelligence (AI) at full bloom might eliminate the need for money reflects a deep confusion about what money is and does. Money is not merely a barter-avoiding convenience layered onto an otherwise frictionless world. It is a solution to fundamental problems of exchange, profound difficulties in coordination, and comparison of alternatives under scarcity. Even in a hypothetical future defined by extraordinary productivity gains and broadly collapsing prices, those underlying problems do not disappear. Instead, they...

"There Goes Your Inventory": Disgruntled Worker Sets Fire To Million-Square-Foot Toilet Paper Warehouse Dramatic footage appears to show an act of industrial sabotage at a one-million-square-foot Kimberly-Clark distribution center in Ontario, California. A third-party warehouse worker was arrested on suspicion of felony arson shortly after the devastating six-alarm fire on Tuesday morning, which destroyed all of the warehouse's contents, including household paper products such as Kleenex and toilet paper. Local media outlet Fox 11 Los Angeles said Ontario police arrested Chamel Abdulkarim, 29, an employee of a third-party distribution partner, on suspicion...

U.S. Waives Jones Act After Iran Gas Field Attack Shortly after Israeli fighter jets struck Iran's upstream oil and natural gas production assets for the first time in Operation Epic Fury, sending WTI futures to $98.5/bbl, the Trump administration appears to have pulled another emergency lever from JPMorgan's six-option playbook we recently outlined: a 60-day Jones Act waiver that allows foreign-flagged ships to transport oil, gas, refined products, fertilizer, and related energy cargoes between US ports to boost domestic energy flows and ensure shipping capacity does not become a bottleneck. Bloomberg...