Is Libertarianism Incoherent?

Beijing Readies $297 Billion Data Center Buildout Blitz In Bid To Dominate AI Race The US and China are locked in a series of races, with AI now sitting at the center of nearly all of them. This is a race not only to build the leading frontier models, but to deploy them across entire economies, unleash physical AI, and convert compute power into productivity, surveillance, military, and industrial advantage ahead of the 2030s. This is the new world we are entering, and it is moving incredibly fast. The...

Oil Tanker Earnings Soar To $470,000 A Day As Hormuz Hopes Drive Tanker Frenzy By Tsvetana Paraskova of OilPrice.com Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the hope these can transit the tentatively reopening Strait of Hormuz.  One tanker has been provisionally booked to ship crude from the Persian Gulf to India at a rate that’s nine times the benchmark for the route, shipbrokers told Bloomberg on Wednesday.   South Korea’s Sinokor...

Bessent's "Suffocating" Iranian Regime Strategy Materializes In Kharg Island Satellite Imagery Treasury Secretary Scott Bessent's description of "suffocating" the Iranian regime through economic and financial pressure, whether via sanctions or the US military blockade of the world's most critical maritime chokepoint, now appears to be showing up in the data. New geospatial intelligence indicates that Iran's main crude export terminal has gone quiet, while a separate report suggests seaborne oil exports have effectively been halted for the past month. The first report comes from Bloomberg, which cited European satellite imagery showing a...