Believe All Women - Unless They're Inconvenient

'Alligator Alcatraz' Can Continue Operating, Appeals Court Says Authored by Troy Myers via The Epoch Times, A federal appeals court on Tuesday pulled a judge’s previous order to dismantle the high-profile detention center in the Florida Everglades for illegal immigrants, known as “Alligator Alcatraz.” In a 2–1 ruling, the U.S. Court of Appeals for the 11th Circuit sided with the Trump administration’s argument that there was minimal federal involvement in the facility’s construction, so a federal environmental review was not warranted. “Using state employees and state funds, Florida officials, on their own initiative,...

The central essay: interventionism as a supposed economic system, the real nature of intervention, and how price ceilings, minimum wages, and similar measures defeat their own aims—leaving only a choice between the free market and socialism.

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...