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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 28, 2026 / Tyler Durden
Comey Indicted As Trump DOJ Takes Second Bite At The Apple
Comey Indicted As Trump DOJ Takes Second Bite At The Apple The U.S. Department of Justice has secured a new federal indictment against former FBI Director James Comey, marking the second criminal case brought against him by the Trump administration in under a year. The charges center on a controversial May 2025 Instagram post in which Comey shared a photograph of seashells arranged on a beach to form the numbers "86 47." According to CNN, citing multiple sources familiar with the matter (who ran to CNN to leak the news), the indictment was...
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Jul 27, 2026 / Tyler Durden
Los Angeles Mayoral Candidates Spar Over Response To Rise In Homelessness
Los Angeles Mayoral Candidates Spar Over Response To Rise In Homelessness Authored by City News Service via The Epoch Times, Mayor Karen Bass and her challenger in the Nov. 3 election, Councilmember Nithya Raman, criticized one another on July 24 over the increase in homelessness in Los Angeles. Homeless tents are seen in the Skid Row area of downtown Los Angeles on June 11, 2026. Apu Gomes/AFP via Getty Images Homelessness increased by 3.4 percent in the city to an estimated 45,194 people, and unsheltered homelessness also rose by nearly 8 percent, according...
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Mar 31, 2026 / Tyler Durden
Another Greek Tanker Sneaks Through Strait Of Hormuz
Another Greek Tanker Sneaks Through Strait Of Hormuz Another Greek-controlled oil tanker has crossed the Strait of Hormuz, despite Iran's declaration that only "friendly" vessels will be allowed to make the transit, marking the fourth such voyage since hostilities in the Middle East began. The suezmax Pola, which switched off its tracking system in the Persian Gulf on March 10, was detected again on Monday by the Automatic Identification System: it was located several thousand miles away.  The ship was sailing in the eastern Indian Ocean near the maritime corridor off the...
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