US jobless claims hit lowest level since 1969

Source: Yahoo! Finance

“The Labor Department said Thursday that U.S. initial unemployment claims totaled 189,000 for the week ending April 25, down 26,000 from a revised prior-week figure of 215,000. That is the lowest reading in more than 50 years, according to The Associated Press, citing research firm High Frequency Economics, which said the figure was the fewest new applications since September 1969. Analysts had projected 212,000 applications for the week, according to Bloomberg. … historically low filing numbers have persisted even though a string of prominent employers — among them Meta Platforms, Nike, Morgan Stanley, and Amazon — have publicly announced workforce reductions, according to Bloomberg and The Associated Press.” (04/30/26)

https://finance.yahoo.com/economy/articles/u-jobless-claims-hit-lowest-142254322.html

Is China Using Iran as a Proxy Against the US?

Source: The American Conservative
by Ted Galen Carpenter

“Leaders of the People’s Republic of China (PRC) have cleverly exploited U.S. policy blunders throughout the international system for at least the past three decades to enhance Beijing’s influence and erode Washington’s. The Trump administration’s mishandling of relations with Iran affords China a new opportunity, and it may prove to be the most significant one yet. Indeed, the question arises whether Xi Jinping’s government is moving beyond passively taking advantage of chronic U.S. ineptitude in the Muslim world and is now actively using Iran and its Shia allies as proxies to create major strategic and economic headaches for the United States. There are indications that the answer is yes.” (04/30/26)

https://www.theamericanconservative.com/is-china-using-iran-as-a-proxy-against-the-u-s/

Republicans again block war powers resolution after Democrats grill Hegseth on Trump’s illegal Iran war

Source: The Guardian [UK]

“The Republican-led Senate on Thursday again blocked a Democratic attempt to stop Trump’s war in Iran, rejecting a war powers resolution that would have limited the conflict until Congress authorities further military action. The vote was 47-50, with two Republicans – senator Susan Collins of Maine and Rand Paul of Kentucky – voting in favor and one Democrat – senator John Fetterman of Pennsylvania – opposing it. It was the sixth time this year that Democrats have forced a vote on a war powers resolution related to the US’s assault on Iran. All have failed, mostly along party lines.” (04/30/26)

https://www.theguardian.com/us-news/live/2026/apr/30/donald-trump-pete-hegseth-iran-war-oil-king-charles-latest-news-updates

You (Probably) Won’t Get a Tariff Refund

Source: The Dispatch
by Scott Lincicome

“[T]he law requires the government to return illegally exacted taxes; the Trump administration promised the courts that it would quickly refund any tariffs ultimately invalidated; and the ideal tariff refund system would be fast and automatic, with the government proactively returning collected duties to all importers that paid them. Sure, there would be some edge cases that required additional paperwork and bickering, but most refunds could be handled this way. In fact, CBP has issued big, automatic tariff refunds on multiple occasions and does smaller ones every day. CAPE is far from this ideal and will inevitably allow the government to keep billions in illegally collected tariffs.” (04/30/26)

https://thedispatch.com/newsletter/dispatch-markets/tariff-refunds-importers-consumers-taxpayers/

Possible Epstein Suicide Note Hidden From Public View

Source: New York Times

“A suicide note purportedly written by Jeffrey Epstein in a Manhattan jail has been kept secret for nearly seven years, locked up in a New York courthouse. A cellmate said he discovered the note in July 2019, after Mr. Epstein was found unresponsive with a strip of cloth around his neck. Mr. Epstein survived that incident but weeks later was found dead in the jail. The note was eventually sealed by a federal judge as part of the cellmate’s own criminal case, according to documents and interviews. That means investigators scrutinizing Mr. Epstein’s high-profile death lacked what could have been a key piece of evidence. On Thursday, The New York Times petitioned the judge to unseal the note, which said it was ‘time to say goodbye,’ the cellmate, Nicholas Tartaglione, recalled.” (04/30/26)

https://archive.is/y0z8V

The Marriage Gap Is America’s Most Overlooked Source of Inequality

Source: Reason
by Veronique de Rugy

“The most consequential inequality in America is not the wealth gap or the wage gap. It may not be the racial opportunity gap. The marriage gap is wreaking havoc. And unfortunately, it’s the gap that gets the least attention. I’m a libertarian. I don’t care whom, or if, you marry. Yet I’m reminded that there is a problem by a new report from the American Enterprise Institute.” (04/30/26)

https://reason.com/2026/04/30/the-marriage-gap-is-americas-most-overlooked-source-of-inequality/

Open Records Laws Reveal ALPRs’ Sprawling Surveillance. Now States Want to Block What the Public Sees.

Source: Electronic Frontier Foundation
by Beryl Lipton, Aaron Mackey, & Adam Schwartz

“Public records and public scrutiny of [automated license plate reader (ALPR)] programs have shown that people are harmed by these systems and that retained ALPR data violates people’s privacy. In this moment, lawmakers should not be completely cutting off access to public records that document the abuses perpetuated by ALPRs.” (04/30/26)

https://www.eff.org/deeplinks/2026/04/open-records-laws-reveal-alprs-sprawling-surveillance-now-states-want-block-what

The Logic of NACHO

Source: Paul Krugman
by Paul Krugman

“On Wall Street, TACO — Trump Always Chickens Out — has abruptly been replaced as a favorite meme by NACHO — Not a Chance Hormuz Opens. As a result, oil futures have soared. I never bought into the TACO meme, which was initially about tariffs: Trump did not, in fact, reverse his destructive tariff policy, although he blinked in his confrontation with China. But NACHO looks right. Hormuz won’t open until the economic damage from its closure becomes much more severe.” (04/30/26)

https://paulkrugman.substack.com/p/the-logic-of-nacho