“The U.S. Supreme Court formally reinstated on Monday a redrawn Texas electoral map that was designed to add more Republicans to the U.S. House of Representatives, as President Donald Trump’s party seeks to keep control of Congress in the November congressional elections. The move by the court, which has a 6-3 conservative majority, formalizes an interim decision it made in December to revive the map of U.S. House districts in Texas. … The Supreme Court in February allowed California to use a new electoral map designed to give Democrats five more congressional seats after that Democratic-led state redrew its House districts in response to the action by Republicans in Texas.” (04/27/26)
“The warmaking president is shedding his base. But the last ones on the MAGA bus may be the first to leap off at any sign of political trouble.” (04/27/26)
“China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean artificial intelligence startup with Chinese roots. The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations, the National Development and Reform Commission said in a brief statement. It added that it has asked the parties involved to withdraw the acquisition transaction. … The deal had attracted scrutiny from both China and Washington, as lawmakers in the U.S. have prohibited American investors from backing Chinese AI companies directly. Meanwhile, Beijing has increased efforts to discourage Chinese AI founders from moving business offshore.” (04/27/26)
Source: Ludwig von Mises Institute
by Patrick J Lee
“A man stands at a farmers market stall. His wife is talking to the farmer. He picks up a chicken. Paper-wrapped, no barcode, a handwritten tag on the twine. He holds it close to read the label and sets it back down fast. The price is an insult. What are these people thinking? A minute later, another man reaches for the same bird, reads the same label, and smiles. What a deal. Same chicken, same label, same words. … Mises was clear that prices don’t emerge from some objective measure of worth. They emerge from subjective valuations, each party to an exchange believing—at the moment of transaction—that what he receives is worth more than what he gives up. The price is not a fact about the chicken. It is the meeting point of two different minds reading the world differently.” (04/27/26)
