From DEI To Equal Protection: A New Direction In Civil Rights Policy

ECB Backs Tokenized EU Capital Markets (With Strict Guardrails) Authored by Christina Comben via CoinTelegraph.com, The European Central Bank (ECB) set out a cautious path toward tokenizing Europe’s capital markets, saying the technology can deliver efficiency gains only if it remains anchored to central bank money, infrastructures remain interoperable, and regulation is “robust and supportive.”  In its latest Macroprudential Bulletin published on Monday, the ECB said distributed ledger technology (DLT) could help deepen the European Union’s savings and investments union, but warned that benefits will depend on interoperable infrastructure and policymakers keeping pace with...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

Iranian Supreme Leader Ayatollah Ali Khamenei said in a written statement on Tuesday that the US will no longer have a “safe haven” in the Middle East for its military bases, remarks that come after the Iranian military struck US bases across the region during the US-Israeli bombing campaign against Iran. In the statement, released […]