“The coach of the Iranian soccer team said that his team had to leave the U.S. shortly after its 2-2 draw against New Zealand to open the FIFA World Cup. Amir Ghalenoei said that officials did not give his team time to ‘recover’ from the match before ordering them to return to Tijuana, Mexico. The Iranians are staying in Tijuana, which is a short flight from southern California — where the team played on Monday and will compete in its second game against Belgium on Sunday. … Ghalenoei did not say who ordered his team to depart the U.S. back to Mexico. While all 31 Iranian players and their coaches received visas, multiple members of the team’s traveling party did not.” (06/16/26)
“US president Donald Trump loves being ‘first.’ Whenever something newsworthy happens, big or small, in fact or in fantasy, he reliably touts it as being unprecedented in American, possibly even world, history, and a either a personal, positive accomplishment or an unjustified persecution (‘witch hunt’). … now, he’s the first president to oversee US surrender in not one, but two, wars.” (06/16/26)
“Secret Service officials are reportedly angry with FBI Director Kash Patel for announcing Tuesday the FBI had intercepted an alleged plot targeting President Donald Trump’s UFC Freedom 250 event before many arrests had been made in the case. Officials ‘woke up’ Tuesday morning to find Patel had posted on X, boasting about the FBI’s work to thwart the planned attack and arrest several individuals accused of conspiring in the plot. … However, not all suspects had been arrested and the case was sealed in court at the time, angering Secret Service officials who led the investigation, sources told MSNOW. … Federal law enforcement had five people in custody Monday but identified 23 others as part of a ‘network of plotters’ who allegedly planned to use a drone equipped with an explosive to hit buildings near the event, force a mass evacuation and steer crowds toward a sniper team, officials told Fox News Digital.” [editor’s note: A 19-year-old is identified as the alleged mastermind/leader of what would have been a large operation, so I suspect the whole thing is more law enforcement hype than reality – TLK] (06/16/26)
“On September 15, 1970, Richard Nixon ordered the CIA to ‘make the economy [of Chile] scream.’ (CIA Director Richard Helms’s actual note of the conversation can be seen here). But it wasn’t the economy that screamed: it was people. ‘The economy’ is an abstraction. The concrete reality of sanctions and embargos is people who are starving. Driving people to starvation has become the foreign policy of the United States.” (06/16/26)
“The global outlook for electric vehicle demand has been cut for a second year in a row, with policy shifts in the United States driving a significant downgrade to long-term expectations, according to BloombergNEF. The latest forecast points to a slower pace of electrification across major automotive markets, even as overall adoption continues to rise. … EV sales are now expected to account for just 17% of [US] passenger vehicle sales by 2030, down sharply from 27% in last year’s forecast and far below earlier expectations of 48%. The revision reflects a cumulative loss of around 14 million EV sales through 2030 compared with previous projections, highlighting how quickly policy changes are reshaping the market outlook. Several policy adjustments are behind the slowdown. The $7,500 federal tax credit for EV buyers has expired, fuel economy standards have been eased, and efforts to limit California’s ability to set its own emissions rules are adding further uncertainty.” (06/16/26)
“You’ve heard of a feedback loop. The thermostat is a classic example. It senses the room, compares the reading to the target, and then acts to close the gap. Output bends back to become input. The system corrects itself because information about how it’s doing reaches the part that can do something about it. Now consider a particular kind of feedback loop, the kind bound up with human performance. Call it an accountability loop. Its defining feature is that the person responsible for an outcome feels its consequences. Do well, and good things follow. Fail, and the failure lands on you. The signal returns to its source.” (06/16/26)
Source: Foundation for Economic Education
by Mark Nayler
“For the last couple of years, the EU has been on a mission to make European businesses more competitive through a process it calls ‘simplification.’ This means slashing red tape — especially in the form of reporting and compliance obligations — by 25% for all companies, and at least 35% for SMEs. Backed by Germany, Italy, and the Nordic countries, the project is said to have already saved EU companies €15 billion in administrative costs, almost halfway to the €37.5 billion savings goal set by Brussels for 2029.” (06/16/26)
“A Russian artist critical of Vladimir Putin and the Chechen leader, Ramzan Kadyrov, has been shot and killed in the eastern Polish town of Biała Podlaska, a prosecutor has said. Five shots were fired at the victim, including one to the head, in the attack on Monday, said Marcin Kozak, a spokesperson for the district prosecutor in Lublin. Two Belarusians have been detained but not charged in connection with the case, he added. Local media identified the victim as Robert Kuzovkov, who was also known by his artistic pseudonym Semyon Skrepetsky, a Russian artist and performer known for his criticism of the Russian leader.” (06/16/26)
