House Passes Bill To Give Ukraine Billions in Additional Military Aid as War Escalates

Momentum: US Issues 60-Day License For Iranian Oil Sales As Tehran Agrees To Hormuz Access, Nuclear Inspections Update(0935ET): As part of the MoU framework, and ongoing technical peace discussions in Switzerland (with US and Iranian teams still though - though Vance and Ghalibaf have at this point departed after their 18-hour first round achievement - Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil - it stated in a huge forward-momentum development. Treasury Secretary Scott Bessent announced on X: Under President Trump and Vice President Vance,...

No, AI Won't Make Money Obsolete Authored by Peter Earle via the American Institute for Economic Research, The notion that artificial intelligence (AI) at full bloom might eliminate the need for money reflects a deep confusion about what money is and does. Money is not merely a barter-avoiding convenience layered onto an otherwise frictionless world. It is a solution to fundamental problems of exchange, profound difficulties in coordination, and comparison of alternatives under scarcity. Even in a hypothetical future defined by extraordinary productivity gains and broadly collapsing prices, those underlying problems do not disappear. Instead, they...

US forces launched airstrikes in Somalia from February 22 to February 26, US Africa Command has announced, as the Trump administration continues its record-breaking bombing campaign in the country. AFRICOM said in a press release that it conducted airstrikes on those days against the ISIS affiliate in Somalia’s northeastern Puntland region, about 43 miles southeast […]