Exit Taxes Won't Save Failing States

Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years The number of Americans filing for unemployment benefits for the first time jumped to its highest in three months last week at 225k (215k exp), but this remains well within the range of the last five years... Source: Bloomberg The biggest increase in initial claims came from California while Texas saw the biggest decline... Continuing Jobless Claims dipped to 1.777 million Americans (remaining below the 1.8mm Maginot Line), just above two year lows... Source: Bloomberg However, despite the seemingly solid claims...

'TRUMP AMERICA AI Act' Repeals Section 230, Expands Liability, & Establishes Centralized Federal Control Over AI Systems Authored by Jon Fleetwood via JonFleetwood.com, U.S. Senator Marsha Blackburn has released a 291-page legislative framework that would repeal Section 230, expand liability across the artificial intelligence ecosystem, and establish a unified federal rulebook governing how AI systems are built, deployed, and controlled in the United States. U.S. President Donald J. Trump (left) and Senator Marsha Blackburn (R-TN; right) The proposal—titled the TRUMP AMERICA AI Act—is being presented as a pro-innovation, pro-safety measure designed to “protect...

Nigeria Needs New Export Markets As UAE's Exit Rattles OPEC By Tsvetana Paraskova of Oilprice.com Nigeria should market its crude oil to new buyers as the UAE’s decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking for years, according to Wole Ogunsanya, chairman of the Petroleum Technology Association of Nigeria (PETAN). The official urged Nigeria’s state oil and gas firm NNPC and other producers of Nigerian crude to tap new markets. “When OPEC gives you a quota, it’s left for you to find who...