“The Federal Open Market Committee is expected to leave its policy rate unchanged at this week’s meeting, with CME FedWatch assigning close to a 65 percent probability that the FOMC will maintain the current target range of 3.5 to 3.75 percent. For the second meeting in a row, that expected outcome is at odds with the guidance provided by the leading monetary rules. This raises the question of whether the new Warsh-led Fed is prepared to follow through on its promise of delivering price stability.” (07/28/26)
“Kentucky Gov. Andy Beshear (D) demanded that Sen. Mitch McConnell (R-Ky.) verbally address constituents and demonstrate his ability to serve or resign his seat in a blunt letter sent to the senator and his staff. It’s been more than 40 days since 84-year-old conservative stalwart McConnell has appeared outside of pictures released by his office after being hospitalized. His lengthy absence and past health scares are fueling speculation about his capacity to serve. … Under Kentucky law, Senate vacancies — which can occur due to resignation, expulsion or death — are filled by a special election.” [editor’s note: Beshear should schedule the special election on grounds that, if McConnell is even alive, he has constructively resigned – TLK] (07/28/26)
“In the 19th century, thousands of miles of railroad were built, and the opposition to them was intense. These weren’t organized environmental groups. They were conservationists, local residents, business owners, landowners, parents, farmers, Native American tribes and taxpayers enraged at how their elected leaders were spending their money. Many in the 19th century didn’t want trains rolling through their backyards. Many today don’t want data center complexes in theirs. You can’t blame them. Where would America be today without its railroads? … More than 150 years later, little has changed. Today’s data centers are yesterday’s railroads. They are the infrastructure behind everything that powers our economy. Railroads moved freight. Data centers move information and make modern commerce possible.” (07/28/26)
“Socialism is metastasizing like a cancer throughout our country. Though collectivism will inevitably fail, because it always does, it is already causing significant damage to our nation’s political and social fabric. It must be stopped. It is not enough to defeat Socialism at the ballot box. The factories producing this infection — the far-left faculties of our colleges and universities — must be starved of taxpayer money. Thankfully, the Trump White House has taken measures to start that process.” (07/28/26)
“A 7.1-magnitude earthquake hit Japan’s southern Kumamoto prefecture on Tuesday, knocking out power to thousands of homes, rupturing roads and leaving some trapped and others presumed dead inside a partially collapsed shopping mall. Speaking to reporters in Tokyo, Japanese Prime Minister Sanae Takaichi said authorities were still assessing the full extent of the damage in the area, which was devastated by a deadly quake a decade ago. … Around 300,000 people have been instructed to go to evacuation centres, and hundreds of soldiers have been deployed to help with rescue operations as aftershocks continued to rumble in the area, on Japan’s southern island of Kyushu. Multiple people were unaccounted for after a chimney collapsed at a Nippon Paper Industries factory, broadcaster NHK reported.” (07/28/26)
Source: Ludwig von Mises Institute
by Wanjiru Njoya
“As the New York Times finally begins to question whether progressives went ‘too far’ with diversity, equity, and inclusion (DEI), it is worth reiterating that DEI policies are based on false and destructive premises, and for that reason they should be abandoned altogether. Rather than debating whether DEI has gone ‘too far,’ we should continue to oppose this sinister ideology in its entirety.” (07/28/26)
“Protesters demonstrating against ongoing power outages in Libya stormed a key energy complex overnight and closed gas lines that fuel power plants, which officials warned could trigger a nationwide power blackout. Demonstrators in the capital Tripoli, Zawiya, Misrata and other locations across western Libya have protested for several days over hourslong power outages. They demand better electrical services and have called for the resignation of Prime Minister Abdul Hamid Dbeibah. As part of the ongoing protests, a group stormed the General Electricity Company’s Mellitah Oil & Gas complex about 90 kilometers (55 miles) west of Tripoli. The disruption could cause a complete blackout in multiple areas and ultimately collapse the electricity network, the company warned in a statement Tuesday.” (07/28/26)
