A New Washington Colossus

State Department Issues Travel Advisory For Mexico Authored by Naveen Athrappully via The Epoch Times, The State Department updated its travel advisory for Mexico on May 29, continuing to warn Americans who plan on visiting the country to be wary of terrorism and crimes. “Many violent crimes take place in Mexico. They include homicide, kidnapping, carjacking, sexual assault, and robbery. There is a risk of terrorist violence, including terrorist attacks and other activity in Mexico,” the advisory said. Overall, Mexico is categorized with a “Level 2—Exercise Increased Caution” designation for travelers. “The U.S. government...

"Repeated And Persistent Supply-Side Shocks" Are Here To Stay By Michael Every of Rabobank Chicago Fed President Goolsbee just warned the FOMC can’t ignore repeated and persistent supply-side shocks and must respond in a way that will cause economic hardship. However, repeated and persistent supply-side shocks are now the norm, not short-lived, aberrant events. Putin won the Russian election with a supermajority: fears are escalation is imminent via sabotage in Europe, mobilization, or provocations to NATO. The FT notes a Kremlin-backed forgery scheme moved $6.9bn through global banks, as diplomats blamed France...

The Slow Disappearance Of Cash In Europe Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE), Under the guise of fighting money laundering, the EU is making anonymous economic activity progressively harder... Starting in July 2027, Europeans will no longer be allowed to pay businesses or professionals more than €10,000 in cash (roughly $11,500). Any transaction above €3,000 (just under $3,500) will require mandatory customer identification. This is another step toward political uniformity across Europe, stripping countries of autonomy and subtly pushing citizens toward the digital euro. This measure, part of the...