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View More NewsThe new Global Justice Report by the World Inequality Lab in France—which calls for caps on economic growth in rich countries, top income-tax rates of 90 percent, and a World Sovereign Fund to redistribute wealth to the Global South—has reignited one of the oldest debates in economics: How do we actually lift people out of poverty? The data have never left much question. The answer is economic growth. Nonetheless, many development economists have spent decades arguing that growth isn’t enough or as important as development aid. The French report is simply a radical expression of a popular view. So, it’s worth…
Last week, a group of bipartisan lawmakers reintroduced the American Innovation and Choice Online Act (AICOA). Although it promises to deliver innovation and choice in the technology sector, AICOA would undermine both. As currently written, AICOA would place restrictions on “systemically important platforms”—Amazon, Apple, Google, Meta, and Microsoft—and limit their ability to engage in a wide range of common business practices. These practices include self-preferencing, ranking or presenting results in ways users find useful, tying products or services together, and using nonpublic data from their business users to “compete with products or services offered by business users,” among others. If…
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Last Wednesday, 3 June, was surely one of the most shameful days in the Knesset’s 77-year history. Michael Rabello, the personal attorney of Israeli prime minister Benjamin Netanyahu, was elected the country’s next state comptroller—the official who inspects, reviews, and audits government policy and conduct, and whose broad powers of inspection include the use of hundreds of lawyers, accountants, and other professionals under his authority.Israeli law stipulates that the Knesset vote for this position must be carried out in secret, with MKs casting ballots alone behind a screen. Rabello’s rival for the post, former Supreme Court justice Yosef Elron, won…
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“For most people, the biggest investment, their nest egg, is their home equity. Find a way to transform that into some kind of bitcoin…
Altcoin markets (excluding Ether (ETH)) recently saw $266 billion in net selling volume on centralized exchanges, the deepest reading since the metric began tracking…
In brief France will stop certifying security products that lack quantum-safe encryption beginning in 2027. Officials cited concerns that future quantum computers could decrypt…
The role of benchmark indexes is to describe and measure markets. Providing transparent rules, documented governance, independent oversight and clear procedures under stress requires…
Illinois Governor JB Pritzker signed a $55.9 billion state budget bill into law on Tuesday, including a 0.2% “privilege tax” on crypto transactions, despite…
Since illegal immigration is an “invasion,” Deputy White House Chief of Staff Stephen Miller told reporters in May 2025, the Trump administration was “actively…
Bitcoin BTC$65,747.35 rose after the Bank of Japan raised interest rates to a 31-year high, pushing the price from around $65,600 in Asian trading…
Key takeaways:Hyperliquid defies the crypto bear market with $3 billion HYPE open interest, a 32% growth in a week.Hyperliquid’s TradFi innovation, like SpaceX pre-IPO…
from the chaos dept There’s something going on over in Microsoft’s Xbox division and it isn’t good. Don’t take my word on that. Apparently…
From Trump Media & Tech. Group Corp. v. WP Co. LLC, decided today by Judge Tom Barber (M.D. Fla.); seems correct to me (and…
Bitcoin’s BTC$65,841.55 drop below $60,000 earlier this month spurred investors to pile into the largest cryptocurrency, with almost 260,000 BTC bought over 10 days…
A bipartisan group of US senators led by Republican Senator Cynthia Lummis has urged the Treasury to ensure that state authorities are given the…