Are Banks More Powerful Than Governments?

Egg Producers Reach State And Federal Settlement Over Price-Fixing Allegations Authored by Bryan Hyde via American Greatness, Three major egg producers have reached a $3.3 million settlement to resolve allegations of price fixing after being sued by the Justice Department (DOJ) and 17 U.S. states’ Attorneys General. Just the News reports that the complaint—filed in Iowa’s Northern District Court—contends that the defendants conspired to artificially inflate the daily price quotations of market reporting company Urner Barry Publications. According to the DOJ Office of Public Affairs, a civil lawsuit was filed against Cal-Maine Foods Inc. (Cal-Maine);...

Samsung Union Authorizes Massive Strike At Memory-Chip Plants After Mediation Talks Collapse Asian equities extended losses for a fourth straight session, with South Korea's benchmark KOSPI falling about 1% as the market priced in the shock of an imminent labor action at Samsung Electronics. A full-scale, 18-day strike involving more than 47,000 workers at the world's largest memory-chip maker is set to begin Thursday, raising the risk of production disruptions across the global semiconductor supply chain, which is already tight due to AI data center buildouts. Samsung Electronics' talks with...

UK, France Lead 30-Nation Military Push To Reopen Strait Of Hormuz Submitted by Michael Kern of OilPrice.com, The UK is hosting (yesterday and today) a two-day multinational conference convening military planners from more than 30 countries as Britain and France renew efforts to re-open the Strait of Hormuz. The two-day conference takes place just after U.S. President Donald Trump late on Tuesday extended the U.S.-Iran ceasefire until negotiations with Iran conclude “one way or the other.” President Trump has also ordered that the U.S. blockade at the Strait of Hormuz remains in place. Hopes...