House Narrowly Defeats Iran War Powers Resolution as Thousands More US Troops Head to Middle East

Federal Appeals Court Upholds Illinois Ban On 'Assault Weapons' Authored by Aldgra Fredly via The Epoch Times, A federal appeals court on July 9 upheld Illinois’s ban on the sale and possession of “assault weapons” and large capacity magazines, overturning a lower court ruling that had blocked enforcement of the law. Illinois Gov. JB Pritzker signed the Protect Illinois Communities Act into law in January 2023 after a gunman killed seven people in a 2022 shooting during an Independence Day parade in suburban Chicago. A federal judge overturned the law in 2024,...

Korean Officials Are "Paying Close Attention" As Foreign Outflows Trigger Bond/Won Collapse Unless you have been living under a rock, you'll know that South Korea's stock market has been rocketing higher on the back of the AI/Semi speculation as SK Hynix and Samsung have dominated (accounting for over 40% of the KOSPI market cap)... But, as the following chart from Goldman Sachs shows, this surge in Korean stocks has been driven by domestic Retail investors as Foreign investors have fled that market en masse... These outflows have sparked a collapse in the...

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...