Progressives and Conservatives Are Wrong About Taxing the Rich

Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention At the end of July, the only question following Japan's record $90 billion yen intervention (which worked for about two weeks before the effects faded and Bessent had to engage in more market intervention), was whether and how much Treasuries Japan had sold as part of the intervention.  The BOJ spent a record $90BN to briefly push the yen higher. Another catastrophic intervention by the central bank which is 100bps behind in rate hikes (chart Goldman) pic.twitter.com/xOGszXSgF7 — zerohedge (@zerohedge) July...

The Hidden Cost To The American Worker From The AI Boom Authored by Steven Edginton via American Intelligence, While many warn that artificial intelligence itself will displace American workers, far less attention is paid to the fact that the very companies building AI are already replacing American employees with cheaper foreign labor. In many cases, though, the immediate threat to American workers is not the technology itself, but the hiring practices of the firms developing it. In 2025, 406,348 H-1B visas were given to foreign workers in the United States, according...

Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates Sandisk was one of the largest public holdings of the hedge fund of 24-year-old former wunderkind, Leopold Aschenbrenner, and its July collapse from $2300 to $1000 was chief the main reasons why the former OpenAI employee had to liquidate his extremely overlevered hedge fund and sell all positions at a 10% discount to Citadel to meet a volley of endless margin calls. Well, if he has some dry powder left he just may be able to repurchase some or all of his portfolio from...