Good Intentions Paved The Road To The 2008 Financial Crisis

United States Retains Spot As World's Top Oil Producer Authored by Naveen Athrappully via The Epoch Times, The United States was the largest crude oil producer in the world in 2025, outputting a “record-high” 13.6 million barrels per day (bpd), according to a July 9 statement from the Energy Information Administration (EIA). America’s output was far ahead of second-placed Russia, which produced 9.9 million bpd. Saudi Arabia came in third with 9.6 million bpd, with Canada in the fourth spot at 5 million bpd. The difference in oil output between the United...

Yen Jumps On Report Of BOJ "Rate Check" But It's "Too Little Too Late" Update: (12:40pm ET) The Bank of Japan, not to mentioned Scott "the House" Bessent, have been most displeased with the yen plunge following today's BOJ rate hike, and so they once again do what they do pretty much every other week now: intervene in the market.  As we said earlier (see below) when we predicted that some sort of central bank intervention was inevitable, the yen pared declines on Friday after Japan's Nikkei newspaper reported that the Bank of Japan...

Judge Blocks Trump Admin's 'Orwellian' Supply Chain Risk Label On Anthropic - For Now It looks like Anthropic isn't as radioactive to other defense contractors - for now, and on paper.  In a sharply worded 43-page order issued Thursday, U.S. District Judge Rita F. Lin (Biden) of the Northern District of California granted Anthropic PBC's motion for a preliminary injunction, blocking key punitive measures imposed by the Trump administration after the AI company publicly refused to lift safety restrictions on its Claude model. Photo-Illustration: WIRED Staff; PHotograph: FABRICE COFFRINI/Getty Images Lin minced no...