Source: CoinDesk
“Bitcoin has pulled back from a midweek high above $81,000 amid renewed U.S.-Iran tensions, but it remains higher on the week alongside mostly resilient global risk assets. … Ether dropped 2% to $2,278, dogecoin slid 3.8% to $0.1063, XRP fell 1.7% to $1.38, and BNB shed 0.7% to $638. Solana and TRON held in green territory at $88.14 and $0.3474 respectively. Dogecoin is the only major coin in the red on the seven-day tape.” (05/08/26)
https://www.coindesk.com/markets/2026/05/08/bitcoin-slips-to-usd79-000-doge-leads-majors-losses-as-negative-funding-rates-set-10-year-record
Source: Cato Institute
by Scott Lincicome
“For more than a century, the Jones Act has survived on purported economic and security grounds. Its waiver by the Trump administration for Operation Epic Fury reveals serious flaws in both rationales. Section 27 of the Merchant Marine Act of 1920, as it’s formally known, requires that goods shipped between US ports travel on vessels that are US-built, US-flagged, US-owned, and crewed predominantly by US citizens. Because of this legally-enforced domestic shipping monopoly, building and operating ships in America today costs far more than doing so abroad, and domestic coastwise shipping is effectively non-existent outside the few places that have no choice, such as Alaska, Hawaii and Puerto Rico. Rather than bolstering US commercial shipping capacity and the merchant marine, the Jones Act has presided over the steady degradation of both.” (05/07/26)
https://www.cato.org/commentary/defenders-jones-act-have-lost
Source: New York Times
“Four months after masked federal agents [murdered] Renee Good and Alex Pretti on the streets of Minneapolis, New York leaders announced a plan to implement some of the strictest rules for immigration officials of any state in the country. The package, which was included in the state budget deal announced on Thursday, prohibits state and local officials from entering into formal or informal cooperation agreements with Immigration and Customs Enforcement, and forbids law enforcement agents from wearing masks. The rules also prohibit ICE from using local jails to house [abductees] and from searching New Yorkers’ homes, hospitals, churches and schools without a warrant signed by a judge. … Days before the measures were finalized, Tom Homan, President Trump’s border czar, threatened to respond with force if they were approved.” (05/07/26)
https://archive.is/dTP4A
Source: Los Angeles Times
by Jon Duffy
“President Trump recently described the U.S. naval blockade of Iran as ‘a very friendly blockade.’ There is no such thing. A blockade is an act of war, using armed forces to restrict another nation’s movement, commerce and access to the sea. It does not become peaceful because no one challenges it on a particular day. Trump’s administration says the ceasefire with Iran means he no longer has to seek congressional authorization to continue the war beyond 60 days, even though federal law requires it. A ceasefire may pause the shooting. It does not make an ongoing act of war disappear. The president can argue that the blockade is necessary. He cannot honestly argue that the war is effectively over while keeping the blockade in place. More dangerous than Trump’s word choice is Congress’[s] silence.” (05/07/26)
https://archive.is/KvzlJ
Source: Caitlin Johnstone, Rogue Journalist
by Caitlin Johnstone
“Richard Dawkins is currently the subject of much laughter and ridicule over his recent article for UnHerd admitting that a highly sycophantic chatbot had convinced him that it might be conscious. I’m seeing the question ‘How can you be confident that AIs aren’t conscious?’ pop up a lot in response to the controversy. Speaking for myself, I would say I am confident the chatbots aren’t conscious in the same way I’m confident the animatronics at Disneyland aren’t conscious. I know humans constructed them to mimic the behavior of a sentient person. We know this for a fact. Nobody’s pretending otherwise. I am infinitely more likely to believe an animal is conscious than that an LLM is, because nobody programmed them to respond to things like pain and social stimulus in ways that are similar to humans.” (05/07/26)
https://caitlinjohnstone.com.au/2026/05/07/a-few-more-thoughts-on-ai-and-consciousness/
Source: New York Post
“The latest long-range European forecast shows there’s a 100% chance of a super El Niño, potentially suppressing hurricane activity and making for a wetter fall and winter in the southern U.S. The European Centre for Medium-Range Weather Forecasts (ECMWF) issued their May long-range forecast model, which ups the chances of the strongest El Niño ever hitting by November. … Typically, a strong El Niño like this one would mean suppressed hurricane activity in the Atlantic, and increased activity in the Eastern Pacific. However, the ECMWF isn’t yet showing a strong decrease in hurricane forecast numbers for the season, making it possible that the strongest El Niño effects may not be felt until later into the season.” (05/07/26)
https://nypost.com/2026/05/07/science/2026-el-nino-intensity-forecast-explained-what-to-know/
Source: Underthrow
“The Only Way to Win is Not to Play.” (05/07/26)
https://www.youtube.com/watch?v=qctZutLdMsg
Source: EconLog
by James B Bailey
“A core premise of science is that research should be replicable. If one scientist creates an experiment to measure a physical constant like the speed of light, and they document their experiment well enough, other scientists should be able to perform the same experiment and find the same result. If one lab’s results can’t be replicated anywhere else, then like cold fusion, they probably aren’t real. Outside of hard sciences like physics we don’t expect to get the same precision. Perhaps one trial finds a drug reduces heart attacks by 17%, while another finds 14%. But for research to usefully inform our actions, it needs to be at least somewhat replicable.” (05/07/26)
https://www.econlib.org/econlog/economics-finally-trustworthy
Source: The Anarchist Experience
“Rich, Lori, and Riley discuss Libertarian infighting drama, Kids getting away with things, and How cars are controlling drivers even more.” (05/07/26)
https://theanarchistexperience.wordpress.com/2026/05/08/the-anarchist-experience-579/
Source: CounterPunch
by Jamal Kanj
“Since early March 2026, the average American household has been spending 50 percent more to fill their tank than just one month earlier. The Trump administration and its Israel-first ideologues blamed market forces for the spike, framing it as short-term pain for long-term gain. What they will not say, what they are never permitted to say in Washington, is that Americans have been living the ‘pain’ of the Israeli oil surcharge tax for more than half a century. The bill keeps growing, but no longer only financially. The U.S. is also paying with something harder to rebuild than a budget, its moral standing in the world.” (05/07/26)
https://www.counterpunch.org/2026/05/07/the-surcharge-tax-americans-pay-to-finance-israels-wars/