Bessent Defends US Dollar Swap Lines As UAE Considers Formal Funding Request

Harvard Weighs Major Crackdown On "Grade Inflation" Harvard faculty begin voting Tuesday on what may be the most aggressive effort in decades to curb grade inflation, a long-running issue that has also drawn attention from the White House as it pushes broader higher-ed reforms, according to Bloomberg. The proposal would cap A grades in undergraduate classes at 20% of students, plus four additional students. The move comes after A grades surged at Harvard: about 60% of grades were A’s in the 2024–25 academic year, more than double the rate in 2006....

Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping Panama Canal transit auction prices have surged to record highs this summer as an intensifying El Niño and disruptions in the Strait of Hormuz upend global shipping routes.  A Bloomberg report Friday morning said a supertanker paid a record $4.6 million at auction to bypass the growing queue and secure an earlier transit slot next week. The spike in canal fees and vessel wait times threatens to further raise freight costs, reinforcing growing concerns about inflationary pressures across...

In America, French-style violence was simply unnecessary for the revolutionaries to win, and we will never know if the Americans might have resorted to greater violence in different circumstances.