Pentagon: Iranian Attacks on UAE, Ships Below Threshold for US to Resume Strikes Against Iran

FAA Greenlights Laser Sentry Guns To Combat Attack Drones In U.S. Airspace The Federal Aviation Administration has given the green light for the U.S. military to deploy high-energy counter-drone laser weapons in U.S. airspace, adding a new, low-cost layer of protection against the rising threat from kamikaze drones. The decision follows a two-month interagency standoff over whether the systems posed a risk to general aviation and commercial aircraft, as well as incidents in Texas earlier this year that briefly led to an airspace closure. FAA Administrator Bryan Bedford was quoted...

Schrodinger's Strait, Schrodinger's Market By Benjamin Picton, Senior Market Strategist at Rabobank Erwin Schrodinger famously proposed a thought experiment to illustrate the apparent absurdity of quantum mechanics when applied to the macroscopic world. In the theoretical experiment, Schrodinger’s eponymous cat, contained in a box with a radioactive atom, a Geiger counter and a vial of poison, exists in a state of superposition whereby it is simultaneously both alive and dead until the box is opened. And so it is with the Strait of Hormuz, which exists in a state of both openness...

Milei's "Miracle" Faces First Cracks As Argentina's Unemployment Rises Argentina’s much-touted turnaround under Javier Milei may be losing momentum, with fresh labor data pointing to a weakening jobs market, according to Bloomberg. By the end of last year, unemployment had climbed to 7.5%—the highest rate for a fourth quarter since the Covid era—reflecting a deterioration in employment conditions before the government pushed through its landmark labor overhaul. New figures show that joblessness in the formal sector increased for the first time in three quarters, while the share of workers in informal roles...