“Understanding what has gone wrong with journalism in the US requires an understanding of what has gone wrong with the country’s journalism schools.” (06/18/26)
“Since 2009, Social Security has been running in the red, paying out more in benefits than it collects in payroll taxes imposed on both employees and employers. They have been making up the difference by drawing down the program’s Old Age and Survivors Insurance (OASI) Trust Fund. But as they’ve just indicated, under current law, they expect to only be able to do that until sometime in the fourth quarter of 2032, which is just over eight years from now. When that money runs out, everyone receiving Social Security benefits will see them reduced by 22%.” (06/18/26)
“Bitcoin steadied near $64,100 on Thursday, down about 1% over the past 24 hours, as traders weighed a hawkish debut from new Federal Reserve Chair Kevin Warsh against early signs the market may be carving out a bottom. The leading cryptocurrency held a market cap near $1.29 trillion and — despite the post-Fed pullback — remained up 2% over the past week. Ethereum and Solana also eased, trading near $1,740 and $72, respectively.” (06/18/26)
“Public Choice is more than you think. The usual quick definition — ‘applying economics to the study of politics’ — is not wrong, but it’s facile. Public Choice asks how political actors use information and respond to incentives. That’s a lot more than just an application of economic tools to a new context.” (06/18/26)
“The approach of July Fourth is making my heart hurt. Love of this country is deep-dyed in my soul, but pondering how or even whether to celebrate the semiquincentennial provokes a riot of mixed feelings.” (06/18/26)
“China and Russia have retrieved downed Unidentified Anomalous Phenomena (UAPs) and tried to reverse-engineer them, an expert claimed, citing newly released documents. Jordan Flowers, executive director of the UAP Disclosure Foundation, said one of the most significant takeaways from the third tranche of UFO files made public on June 12 was that the US’s foreign adversaries also appear to be engaged in research that could threaten national security. … The suggestion that Russia and China may have retrieved downed UAPs and are surveilling the US’s research wasn’t the only mention of a foreign nation in the newly released files. A cable from the Central Intelligence Agency placed its assets in the African nation of Zimbabwe on high alert on July 2, 2008, after a UFO was spotted hovering directly over the country’s main airport.” (06/18/26)
“The roles played by Pakistan, Saudi Arabia, Qatar, and Turkey in facilitating the ‘Islamabad Memorandum of Understanding’ underscore the extent to which regional actors have invested in creating off-ramps for the United States and Iran, and steering the conflict away from further escalation. Across the Gulf Cooperation Council (GCC), this diplomatic off-ramp has garnered broad relief that the conflict appears to be moving toward de-escalation as Washington and Tehran prepare for talks on the sensitive nuclear and non-nuclear issues. But where the United Arab Emirates (UAE) fits into this broader picture is far from straightforward.” (06/18/26)