“Until now, discussions of the potential economic problems created by the AI boom have mostly focused on the future. Will it destroy millions of jobs? Is there a bubble and will it cause a severe recession if it bursts? Will it destroy humanity? While these are doubtless very important questions, attempts to answer them are at best educated guesses. We don’t have to guess, however, about one major effect of the AI boom, because it’s happening right now: Massive spending on data centers is crowding out investment in everything else in the economy.” (10/06/26)
“The world’s highest per-capita incomes are found in small political units—such as Monaco, Liechtenstein, Luxembourg, Switzerland, Singapore, and the Cayman Islands. Economically, the finding is easy to explain: small political units are not autarkic; they compete internationally for talent and capital. That is why they must treat their residents and firms well and offer attractive living conditions and a business-friendly framework. Above all, small political units must keep the tax burden low, remain peaceful toward their neighbors, and refrain from military adventures. Yet even small political units are not immune to the abuse of state power.” (10/06/26)
“Protesters clashed with police outside Kosovo’s government and parliament buildings on Monday, calling for lawmakers to pass legislation that would limit the powers of a Kosovo war crimes court in The Hague. The protest came weeks after the court sentenced former President Hashim Thaci and three others to a combined 81 years in prison for war crimes. Police fired tear gas and used water cannon to disperse demonstrators who threw firecrackers and stones at officers guarding parliament and government buildings in central Pristina.” (10/05/26)
“Recently, a speech by former President Barack Obama about his fantasy of having women in charge went viral. ‘If you put women in charge of every government for like two years and then just kind of saw, alright, how are things going? I have a strong belief that things would — they wouldn’t be perfect — but they’d be better,’ he said in a discussion with historian Doris Kearns Goodwin at Salem State University. This is not the first time he has expressed his fantasy that if women ran every country, living standards would improve and we’d have fewer wars. … I did my best, and could find no scientific evidence that if women ran the governments of the world, we’d have more peace and/or a higher standard of living. The reality of it is, though, that to achieve these things, we need less reliance on gender and race, and more a focus on ideology.” (10/06/26)
“University City is facing significant budget problems this year, driven in large part by costs associated with things the city does itself that private companies could better handle. As a resident of University City who works for a free-market policy organization that often supports government privatization, you can imagine my reaction to being given the opportunity to put my knowledge to work for my hometown. ‘Like a kid in a Delmar-Loop candy store’ would be the quickest analogy.” (10/05/26)
“At first, it seemed like a large terror attack on a British air base had been thwarted. Then the story turned stranger. The five men arrested last week had been traveling in white vans in the middle of the night near a base in southern England that the U.S. has used in its war against Iran. The Islamic Revolutionary Guards Corps had warned over the summer that ‘any base used to launch attacks on Iranian territory’ would be ‘a legitimate target.’ The arrests suggested that threat had materialized. But the details we’ve learned since then have been confusing. The men in the white vans? Not radicalized ideologues or hardened operators, but ‘unwitting chumps,’ one official said. … British security officials have warned for years about the dangers of these sorts of plots. Russia pioneered them; Iran has since taken up the mantle.” (10/05/26)
“A homeowner shot and killed a 36-year-old man who broke into his home after he fled a nearby disturbance Sunday night, according to the Lytle Police Department. Just after 10:30 p.m. Sunday, officers responded to the 14600 block of Butch Cassidy Street in the Saddle Ridge Estates subdivision after reports of a disturbance. In a news release, Lytle police said witnesses reported that the man appeared ‘aggressive and out of control’ before fleeing the scene. The man entered a nearby residence that had no apparent connection to him. Police said the home appeared to have been selected at random. After the man entered the home and cornered the homeowner, police said the homeowner used a firearm to protect himself and his family. The man was pronounced dead at the scene.” (10/05/26)
