“A Canadian opposition lawmaker joined Prime Minister Mark Carney’s governing Liberal Party on Tuesday, a political coup on a day when the government announced its budget for the year. Chris d’Entremont, a member of Parliament from Nova Scotia, said in a statement he’s joining the government caucus because he shares Carney’s economic priorities. … The move puts the Liberals two seats shy of a majority government and being able to pass their budget without opposition support. The defection is a blow to Conservative leader Pierre Poilievre, who is facing a leadership review vote in January.” (11/05/25)
“Former U.S. vice president Richard ‘Dick’ Cheney died on 3 November 2025 at age 84; his family said he had suffered from pneumonia and cardiac and vascular disease. Best known for steering national security policy after the 9/11 attacks, he became the dominant force behind a ‘war on terror’ that unleashed torture, preventive war and mass surveillance. Amnesty International has described him as one of the principal architects of a program that amounted to torture, while the Brown University Costs of War project attributes more than 900,000 deaths and trillions of dollars in spending to the post‑9/11 wars he championed. Cheney’s legacy is one of unprecedented destruction and the erosion of civil liberties.” (11/05/25)
Source: Ludwig von Mises Institute
by Laurent Hynes
“Mainstream financial academia regularly seeks to impress upon investors the supposed pointlessness of any entrepreneurial effort on their part, under the guise of cost efficiency and risk reduction. Besides misleading empirical evidence, the core argument used to justify the selection of highly passive and diversified financial products is the neoclassical efficient market hypothesis (EMH). Yet the EMH has suffered continual reputational blows, and the Austrian School’s causal-realism is well suited to disassemble it as another example of neoclassical physics envy.” (11/05/25)
“The Bolivian Supreme Court of Justice on Wednesday annulled the 10-year prison sentence against former interim President Jeanine Áñez, ordering her immediate release. The court also ordered that Áñez, who has been imprisoned for more than four years, be subjected to a political trial, as demanded by her defense. … Áñez was convicted for her role in assuming the presidency in a controversial National Assembly session following the deadly 2019 protests that led to the resignation of then-president Evo Morales (2006-2019).” (11/05/25)
“Imagine it’s a bright and pleasant Sunday morning. You walk through the doors of your church and are greeted by familiar faces, friendly handshakes, and warm coffee. The service is an uplifting refuge from a challenging week full of difficulties at home and at work. … Everyone in your church gets in their cars and looks at their phones before driving away to find each and every one of you was the target of a digital propaganda campaign; you go from spiritual transcendence to the sobering realization that you are a datapoint of a geofencing effort. The casualty of a foreign information war. This is the collision between one of the oldest domains of the human experience, religion, and one of its newest, cyberspace.” (11/05/25)
“Mamdani’s win, obviously, isn’t a victory for every Democrat. Cuomo’s desperate campaign — almost certainly his last — tried to knit together a coalition of Republicans, independents, and Democrats worried that a socialist mayor would wreck their city and their party. You can expect more centrist Democrats (who are most of them) to point at the margins in Virginia and New Jersey and say that the candidates who won big in swing states truly show what they stand for. But every Democrat got something out of Tuesday night. They’ve had a year of special election overperformances, followed by hand-wringing about how unpopular and leaderless their party is.” (11/04/25)
