Escobar: The New Great Game, Revisited

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.

China's Helium Export Ban Raises New Risks For Global Supply Chains Authored by Michael Zhuang via The Epoch Times, China has imposed a temporary ban on helium exports, adding fresh uncertainty to global supplies of a gas essential to semiconductor manufacturing, aerospace, medical equipment, and other high-tech industries. The first pilot helium production facility in Europe, located in Saint-Parize-le-Châtel, France, on Sept. 11, 2024. FREDERIC MOREAU/Hans Lucas via AFP/Getty Images The July 10 announcement by China's Ministry of Commerce and General Administration of Customs comes as Beijing faces mounting pressure on its own...

Key Takeaways From DNI Nominee Jay Clayton's Confirmation Hearing Authored by Timothy Frudd via The Epoch Times, U.S. Attorney Jay Clayton shared his vision for the Intelligence Community during his confirmation hearing for the position of director of national intelligence (DNI) on July 15. Clayton, who was nominated last month by President Donald Trump, faced questions from lawmakers regarding the independence of the DNI and key national security issues facing the United States. The hearing before the Senate Intelligence Committee was held on July 15 after President Donald Trump canceled Clayton’s initial June...