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Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower
Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower
South Korean stocks plunged on Tuesday as concerns over circular AI financing and China's expanding DUV lithography capabilities (read here) were top of mind among investors. Adding to the pressure, chipmakers may not have found a floor just yet because Silicon Data's LLM Token Expenditure Index continues to slide, suggesting that companies are shifting toward cheaper models, particularly open-source alternatives from China.
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The Kospi index follows a weak US session lower, falling as much as 10.7%...
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Apr 20, 2026 / Tyler Durden
Half Of Americans Live In States Where Weed Is Legal
Half Of Americans Live In States Where Weed Is Legal
In August 2013, the Justice Department stated in a press release that it was not going to enforce federal law prohibiting the cannabis use in states that were launching recreational cannabis programs at the time, clearing the way for state-by-state marijuana legalization in the United States.
Approximately 12 years down the line, half of Americans live in states where marijuana is legal and another 105 million have access to medical marijuana.
As Statista's Katharina Buchholz details below, this means that 80 percent of U.S....
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May 25, 2026 / Dave DeCamp
Russia Tells US It Will Start ‘Systematic Strikes’ on ‘Military Sites and Decision-Making Centers’ in Kyiv
Russian media reported on Monday that Russian Foreign Minister Sergey Lavrov spoke with US Secretary of State Marco Rubio and informed him that Russia will begin “systematic strikes” against the Ukrainian capital of Kyiv that will target “military sites and decision-making centers.” According to Russia’s TASS news agency, Lavrov said the attacks were a response […]
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May 10, 2026 / Tyler Durden
Why Socialism Fails
Why Socialism Fails
Authored by Deborah Palma via The Epoch Times (emphasis ours),
Economics is not a zero-sum game in which one person’s gain comes at another’s expense; nor is it just about numbers or purposeless statistical aggregates, but conscious human action.
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Ludwig von Mises, in his work “Human Action,” explains that individuals act to replace a less satisfactory state of affairs with a more satisfactory one. This process is inherently subjective and teleological, meaning that the values guiding economic activity are rooted in individual choices, and not in...
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