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'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat
'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat
Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.
Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.
The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals.
“Excess profits in the AI era...
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Apr 3, 2026 / Tyler Durden
It's Past Time To Privatize The Post Office
It's Past Time To Privatize The Post Office
Submitted by QTR's Fringe Finance
A new piece from the Cato Institute lays out how bad things have gotten at the post office, arguing that the United States Postal Service is facing a severe and worsening financial crisis. According to the article, USPS has been losing billions of dollars annually for well over a decade and is now at a point where it cannot realistically fix its problems without major structural changes. I could have told you this after the horror show I lived through at the...
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Jul 2, 2026 / Tyler Durden
America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars
America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars
By Irina Slav of OilPrice.com
US companies are set to spend some $50 billion on power generation from coal and natural gas this year, the International Energy Agency has said, as quoted by the Financial Times.
This would be the first time in decades that US spending on coal and gas generation would be higher than what China is investing in the two fuels, with the difference at $3 billion.
The surge in spending will come mostly...
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May 22, 2026 / Tyler Durden
Disney's Marvel Comics Faces Mass Layoffs And New Woke Leadership
Disney's Marvel Comics Faces Mass Layoffs And New Woke Leadership
The saga of woke comics is the saga of woke America. Much like video games, comics and superhero movies were ignored by conservative movements as "meaningless kids stuff" until recently, which is part of the reason why those industries were so easily invaded by leftists and used to indoctrinate millions of children and teens a decade ago.
Culture is more important than politics. This is obvious. It's a fact that leftists have understood for generations and one that conservatives have foolishly...
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