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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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Aug 5, 2026 / Tyler Durden
FAFO: Democrat Candidate Threatening Beachgoers Gets Knocked Out Cold On Beach
FAFO: Democrat Candidate Threatening Beachgoers Gets Knocked Out Cold On Beach
A Democrat hopeful gunning for a seat in Congress is sitting behind bars on $1 million bail after police described a chaotic beachside confrontation on Maui that involved a knife, repeated threats, and the candidate left unconscious in the sand.
Kirill Basin, the 40-year-old primary challenger to Rep. Jill Tokuda in Hawaii's 2nd Congressional District, faces two counts of first-degree terroristic threatening stemming from the Aug. 1 incident at Keawakapu Beach in South Kihei.
It started with a request to turn...
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Apr 21, 2026 / Jason Ditz
Israel Reports Killing ‘Militants’ in Lebanon Despite Ceasefire as Troops Continues Demolitions
As demolitions continue at scale south of the new “Yellow Line” Israel established in Lebanon’s south, their operations have been more limited north of that area, given the present ceasefire. They have not, however, actually ceased. In Haret Saida, which is near the southern coastal city of Sidon, itself well outside of the Yellow Line […]
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Jun 18, 2026 / Tyler Durden
Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List
Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List
Ferrari is reportedly using its first-ever EV, the Luce, a €550,000 model that looks more like a cross between a Tesla and a Kia, as a loyalty test inside its highly coveted allocation system.
Ferrari's allocation system is a notoriously exclusive, invitation-only process managed directly by the factory in Maranello. Rather than using waitlists, Ferrari curates ownership by evaluating a buyer's loyalty to the brand, requiring customers to build a multi-million-dollar history of ownership, participate in factory...
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