Where California Went Wrong

European Car Sales Jump 11% As Fuel Shock Drives EV Demand European auto sales posted their strongest monthly gain in almost two years in March, as robust demand emerged for fully electric and hybrid models. The surge in demand follows the US-Iran conflict, which disrupted energy flows through the Hormuz chokepoint. As a result, petrol and diesel prices at the pump in Europe soared. Another issue is China flooding the continent with cheap EVs, undercutting already struggling domestic automakers. Bloomberg cited new-vehicle registration data for last month showing an 11%...

"Busiest Week Ever": Goldman's Trading Desk Sees Rush Into Brazil After Bolsonaro's First-Round Win Brazil's general elections earlier this month sparked a right-wing wave at the polls. Though most polls forecast socialist President Luiz Inácio Lula da Silva narrowly leading in the first-round presidential race, right-wing Sen. Flávio Bolsonaro beat the unhinged leftist by around 2 percentage points. Bolsonaro and Lula now head to an October 25 runoff, with the latest polls putting Bolsonaro ahead. A PoderData/Aya survey released earlier today put Bolsonaro at 51% of valid votes and Lula at 49%,...

Great And Unfortunate Fabrications Authored by Roger Kimball via American Greatness, Jason Arday should ask for a cover charge. His entertainment value is that splendid. For the last couple of weeks, the "youngest ever black professor" at the University of Cambridge has been a nearly ubiquitous and nonstop source of hilarity. The proximate catalyst for the comedy is the imminent publication of Great and Unfortunate Things, co-written with the "book doctor" Eve Claxton. It is due out on August 11 from Simon & Schuster. Amazon lists it as an "Editor's Pick"...