The Economics of War

If the US invades Iran, Tehran will act through its allies in Yemen to close the Bab al-Mandab Strait, which connects the Red Sea and the Indian Ocean.  “If the enemy wants to take action on land in the Iranian islands or anywhere else in our lands or to inflict costs on Iran with naval […]

UK Government Plots Digital ID Lockdown On Every Phone In Lockstep With Big Tech Authored by Steve Watson via Modernity, The Labour government in Britain is accelerating its assault on digital privacy under the well-worn banner of child protection. Fresh plans leaked to the press reveal ministers intend to compel Apple, Google and other tech firms to restrict smartphones so thoroughly that a digital ID will be needed to use them with unfettered access. The mechanism comes in the form of expanded age verification that effectively demands digital identification for device setup...

AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg. Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking action” as the company tries to become “lean, fast, and AI-native.” Bloomberg writes that the trend gained momentum after Block, Inc. — the...