Jane Street Paid Employees $9.4 Billion, Twice What It Paid Last Year, After Record 2025 Results

What Do "Capitalism" And "Socialism" Really Mean? Authored by Vincent Cook via Mises Institute, The old debate between socialism and capitalism is back. It wasn't that long ago when socialist economics had been repudiated even by former Soviet insiders, businesses like Wendy's and Miller ran clever television advertisements poking fun at the once-mighty but by then grossly dysfunctional Soviet Union, and the remaining leftist political parties in Western countries pivoted to focusing on promoting welfare statism while admitting that government controls over the means of production is a losing proposition. Back...

Anthropic "Paces The Frontier" By Unleashing Its Most Powerful Opus Yet, And Slashing Prices Up To 60% Anthropic on Tuesday unveiled Claude Opus 5.5, just 10 days after CEO Dario Amodei called for "pacing the frontier" of AI development. The pitch: Fable-class brains at a steep discount. Anthropic says the new model "performs at the level of Claude Fable 5.1 for most tasks" and costs 40% less to run than Opus 5, which launched all of 60 days ago. List-price cuts run from 20% on input and output tokens to 60%...

Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations Authored by Andrew Korbybko via Substack, Sanctions, bureaucracy, and logistics are the primary obstacles to “diversifying economic ties and correcting the existing imbalance”, but these can be surmounted through SMEs playing a greater role, more localization and procedure simplifications, and optimizing their trade corridors. The Russian International Affairs Council (RIAC) and Gateway House, which are among their country’s top think tanks, published a joint report in late March about moving “Toward More Balanced Russia–India Economic Relations” for the second...