UK Leads European Nations In Hiring Over-50s

The Alchemy Of Wealth Taxation Authored by Robert Blumen via The Mises Institute, “Transmutation” is the process of changing one substance, element, or form into another. We owe this word to the ancient pursuit of alchemy, which sought to accomplish the artificial production of gold from base metals. While it is now considered a pseudo-science, in our rational age, its aspirations survive in currently popular proposals for taxing billionaires. The most advanced of these proposals is California Prop 40. Appearing on this fall’s ballot, if passed, would levy a “one time” balance sheet tax of five percent...

China Tests World's Heaviest 7-Ton Cargo Drone With 1,850-Mile Range For Recon Ops Authored by Aamir Khollam via Interesting Engineering, China has pushed further into heavy unmanned aviation with the first flight of the Changying-8 (CY-8), which it claims is the world’s heaviest cargo drone. China's Changying-8 (CY-8) cargo drone. The aircraft combines high payload capacity with short-runway performance, targeting logistics operations across remote, high-altitude, and island regions. The newly tested Changying-8 (CY-8) blends high payload capacity with short runway performance, signaling a push toward flexible, all-terrain aerial supply systems. The aircraft completed its first...

JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility and frantic trading amid the war with Iran and the US military operation in Venezuela. The largest US bank reported net income of $16.5bn, beating analyst estimates of a $15.2bn print, up from $14.6bn a year...