“Two Hong Kong activists who organised annual vigils to commemorate the 1989 Tiananmen Square crackdown have been found guilty of inciting others to subvert state power under the city’s controversial national security [sic] law. Lee Cheuk-yan, 69, and Chow Hang-tung, 41, face a maximum penalty of 10 years in prison after being convicted under the China-introduced law. Sentencing is expected at a later date. A third defendant, Albert Ho, 74, pleaded guilty in January. Lee and Chow ‘incited other persons to organise, plan, commit or participate in acts by unlawful means with a view to subverting the state power’, according to a summary on Friday. Chow told the court in May the law itself was on trial.” (08/21/26)
Source: Foundation for Economic Education
by Ryan Devine
“Azalea Fresh Market opened last September to address a growing demand for a grocery store in downtown Atlanta. Its opening was the result of a partnership between the City of Atlanta, the Independent Grocers Alliance, and a successful local mini-grocery store chain, Savi Provisions. With no major grocery company inclined to open a location in the downtown area, the City of Atlanta managed to contribute roughly $8 million in cash, loans, and grants to provide the infrastructure needed to help open the business …. Given the intent behind the establishment of this store, it’s difficult to imagine why it’s gaining so much praise from advocates for Zohran Mamdani’s proposed government-owned markets. Mamdani’s goal isn’t to target food deserts; he aims to outprice private grocers in areas where supply is abundant because he’s convinced that businesses are price-gouging consumers.” (08/20/26)
“Bitcoin rose above $77,000 in European morning hours on Friday as it advanced for a fifth straight day. The largest cryptocurrency is up about 8% in 24 hours and 22% over the week. Short sellers took another beating, as roughly $1.2 billion of short positions were liquidated over 24 hours out of $1.4 billion in total, across 156,211 traders, CoinGlass data show. … Bitcoin’s market value now stands at $1.5 trillion, still some 40% below the record above $126,000 set last October.” (08/21/26)
“Over the course of Scott’s relatively short career in the US Senate — he took office in 2019 and is now in his second term — he’s voted for trillions of dollars in deficit spending, especially military spending. Since Scott took office, the US government’s debt has gone from $16 trillion to $40 trillion. His party has controlled the US Senate throughout his tenure, and the House of Representatives for about half of that tenure. Not one thin dime gets borrowed or spent unless the both the House and Senate pass a bill, and the margins are often close enough that one or two votes — including Scott’s — decide the outcome. Scott’s perennial ‘someone should do something!’ tweets on the debt might be good politics, but even a cursory look at his actions demonstrates that he’s someone NOT doing something.” (08/20/26)
“A border crossing with Moldova in Ukraine’s southern Odesa region was damaged by Russian drones overnight, the State Border Guard Service of Ukraine said in a statement on Friday morning. Traffic through the Tabaky checkpoint has been suspended and diverted to other crossings, the border service said on Telegram. Moldovan authorities in Chișinău have been informed, the statement added. The announcement comes a day after a Romanian F-16 fighter jet destroyed an explosive-laden maritime drone close to Europe’s largest offshore gas project, hours after another drone entered the NATO member’s airspace and crashed near the Ukrainian border. … Some European officials described the incidents as Moscow testing NATO’s response, which raised questions about how prepared the alliance is against potential threats from Russia.” (08/21/26)
Source: Future of Freedom Foundation
by Jacob G Hornberger
“One of the fundamental differences between libertarians and conservatives pertains to the concepts of morality, responsibility, and freedom. Conservatives are wrong and libertarians are right on this issue. Conservatives hold that before people can be permitted to be free, they have to be moral and responsible. … Libertarianism holds that people have the right to be free regardless of whether they are sufficiently moral or responsible. Freedom is a natural, God-given right. … It is only through freedom that people can become moral or responsible. The conscience is like a muscle—it must be constantly exercised to be strengthened.” (08/20/26)
“Activists and opponents of Tunisian President Kais Saied took to the streets of Tunis on Thursday, calling for his departure and the restoration of democracy in the latest protest against his governance amid growing political and economic discontent. Hundreds of protesters said they reject ‘one-man rule’ and ‘a slide towards dictatorship,’ and urged the release of jailed opposition figures, activists and journalists. A similar demonstration took place last month, coinciding with the anniversary of measures by Saied on July 25, 2021, when he dismissed the government and later dissolved the elected parliament and began governing by decree.” (08/20/26)
“There’s an old saying: Those who can, do; those who can’t, teach. A similar idea underscores the debate over wealth taxes in California and elsewhere: Those who can, build companies. Those who can’t, devise ways for the government to take shares in what others have built. This new version might sound unfair until you listen to Rep. Ro Khanna’s (D–Calif.) pitch for an allegedly onetime, 5 percent wealth tax on California billionaires, tied to November’s vote on Proposition 40. Space constraints prevent us from surveying all that’s wrong with wealth taxes here. But as a reminder, they raise very little income for the government, are an administrative nightmare, could be unconstitutional, and create enormous disincentives to build the kind of wealth that creates jobs and funds government services through other taxes in the first place.” (08/20/26)
“China has bought millions of barrels of Saudi crude offered via a rare tender and under long-term contracts, although overall purchases still remain well below pre-war levels. State-run refiners PetroChina Co. and Sinochem Group, along with Unipec — the trading arm of Sinopec Group — and private processor Rongsheng Petrochemical Co., bought a combined 10 million barrels of Arab Medium and Heavy grades in a tender, said traders familiar with the matter. The oil is for prompt loading. … Aramco offered spot supplies of sulfur-rich crude from locations outside of the Strait of Hormuz for loading as soon as this month. The grades are produced within the Persian Gulf, suggesting the kingdom may be finding ways to move more barrels through the waterway.” (08/20/26)
