Samsung Inks Labor Deal, Averts Chip Strikes As AI Bonus Boom Fuels Ferrari Purchases

Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock Submitted by Thomas Kolbe Politics has established a new routine. Right at 12 noon, prices at German gas stations now rise day after day. The government’s pricing decree, a hastily assembled mechanism, acts like an accelerant in an already dramatically strained fuel supply situation. Anyone with rudimentary economic understanding already knew that this form of price regulation would amount to political posturing with fatal consequences. The market is reacting as expected. Gas station operators anticipate general price increases and indirectly...

Supreme Court Sides With Parents Over Kids' Gender Disclosure In California Golden State groomers were dealt a devastating blow on Monday after the Supreme Court sided with parents challenging school policies in California that restrict when educators may disclose changes to a student’s name or pronouns, handing parental rights advocates an early but significant victory in a closely watched culture-war dispute. In an unsigned 'shadow docket' order, the justices restored a lower court’s injunction blocking enforcement of policies that prevent teachers from informing parents when their child socially transitions at school....

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...