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South Korea Plans Investment Fund From Chip Tax Revenue

South Korea Plans Investment Fund From Chip Tax Revenue At a time when chip and memory companies are disproportionately receiving the benefits of hundreds of billions in capex, and a growing number of politicians are consider ways to socialize these outsized gains, Yonhap News reported that South Korea plans to create an investment fund using tax revenue from its burgeoning semiconductor industry to finance long-term economic growth. In a senior-level meeting of the government and the ruling party, presidential chief of staff Kang Hoon-sik said the additional revenue from the country’s...
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Apr 27, 2026 / Tyler Durden
Bye-Bye Bibi? Israeli Opposition Leaders Join Forces In 'Together' Alliance To Topple Netanyahu
Bye-Bye Bibi? Israeli Opposition Leaders Join Forces In 'Together' Alliance To Topple Netanyahu Former Israeli prime ministers Naftali Bennett and Yair Lapid unveiled Monday that they are merging their parties into a joint ticket dubbed "Together - Led by Bennett" - as a major challenge to current leader Benjamin Netanyahu in the upcoming elections. During a press conference Bennett said the alliance with Lapid is the "most Zionist and patriotic act we have ever done, for the sake of our country" - adding that the "era of division is over." Netanyahu...
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May 16, 2026 / Tyler Durden
Persian Gulf Countries 'Refused' UAE Call For Joint Attack On Iran
Persian Gulf Countries 'Refused' UAE Call For Joint Attack On Iran Via The Cradle The UAE tried but failed to persuade neighboring states, including Saudi Arabia and Qatar, to take part in a coordinated military attack on Iran, Bloomberg reported Friday, citing sources familiar with the matter. UAE President Mohammed bin Zayed (MbZ) spoke by phone with Saudi Crown Prince Mohammed bin Salman (MbS) and other regional leaders to propose the coordinated attacks, shortly after the US and Israel launched the war on Iran on February 28, the sources said. During the calls, MbZ argued that...
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Apr 2, 2026 / Tyler Durden
Why States Are Right To Reject AI Legal Personhood
Why States Are Right To Reject AI Legal Personhood Authored by Siri Terjesen and Michael Ryall via The Epoch Times, A quiet but consequential legal movement is gathering momentum. Idaho and Utah have enacted statutes declaring that artificial intelligence systems are not legal persons. Ohio’s House Bill 469 proposes to declare that AI systems are “nonsentient entities” and bars them from acquiring any form of legal personhood. Similar bills are advancing in Pennsylvania, Oklahoma, Missouri, South Carolina, and Washington. The legislatures driving this movement are not technophobes. They are drawing a...
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