Clarence Thomas becomes second longest-serving SCOTUS justice in American history

Source: SFGate

“The first baby boomer on the Supreme Court hit a milestone on Thursday, becoming the second-longest serving justice in history at a time when his influence has never seemed greater. Once an outlier on the nation’s highest court, Justice Clarence Thomas has become a towering figure in the conservative legal movement over the last decade as he helped secure landmark rulings on abortion, voting and Second Amendment rights. The only justice with a longer tenure is liberal William O. Douglas. Thomas would overtake Douglas in 2028 if he remains on the court, and there is no sign he plans to retire anytime soon.” (05/07/26)

https://www.sfgate.com/news/article/clarence-thomas-becomes-the-second-22246568.php

Steve Trinward

Where California Went Wrong

Source: Ludwig von Mises Institute
by William L Anderson

“When I was a child, California was really the Promised Land, something cemented in my mind when we came here on vacation in 1961. We saw mountains, Lake Tahoe, the bridges of San Francisco, the spectacular California Pacific coast, and, of course, we went to Disneyland. As a young adult, I ran track for the University of Tennessee and one of the annual highlights of the season was our dual meet with UCLA at Drake Stadium on the university’s campus. (I ran very well against UCLA’s runners, thank you). There really was no place that compared with California, a vast land of so many spectacular things. Unfortunately, there is still a vastness of things here, but many of them are spectacularly negative.” (05/07/26)

https://mises.org/mises-wire/where-california-went-wrong

Thomas L. Knapp

Canada Is Quietly Putting War Into Your Portfolio

Source: Common Dreams
by Umer Azad

“Canada is set to host the headquarters of the proposed Defence, Security, and Resilience Bank, or DSRB, a new multinational institution designed to mobilize tens of billions in financing for military and security projects among allied nations. In short, what we are seeing is the quiet normalization of something far more consequential: the permanent financialization of war. The structure being envisioned for DSRB closely resembles other multilateral financial institutions. It would raise capital on global markets, issue bonds, and extend loans to governments and defense companies. That means funding for military supply chains, weapons systems, and defense infrastructure would increasingly flow through financial markets rather than direct public expenditure. In doing so, war itself risks being transformed from a political decision subject to public scrutiny into a financial product embedded in portfolios.” (05/07/26)

https://www.commondreams.org/opinion/canada-war-portfolio

Steve Trinward

Counter-Intuitive Econ

Source: Bet On It
by Alexander Craig

“I want to defend the idea that economics has some counter-intuitive propositions to offer. It does depend on what ‘intuitive’ means, though. I think it’s fair to say that something is intuitive if someone without formal training in the area can think it through on their own. If it takes an economist re-framing the issue to show the answer makes sense, it’s not necessarily intuitive. In other words, economics can be made intuitive, but it takes effort and skill.” (05/07/26)

https://www.betonit.ai/p/counter-intuitive-econ

Thomas L. Knapp

WHO: Hantavirus outbreak on cruise ship not start of pandemic

Source: BBC News [UK State Media]

“An outbreak of hantavirus on board a cruise ship is not the start of a pandemic, the UN health agency has said. Maria van Kerkhove, an infectious disease epidemiologist at the World Health Organization (WHO), told a news briefing that it was not the same situation as six years ago with Covid-19, because hantavirus spreads through ‘close, intimate contact’. Health authorities are racing to trace dozens of people who have recently disembarked from the Dutch vessel MV Hondius. On Thursday, the WHO said that overall, five of eight suspected cases of hantavirus had been confirmed. Three people have died, including a 69-year-old Dutch woman, who had the virus. Her Dutch husband and a German woman also died, and their cases are being investigated. Hantavirus typically spreads from rodents – but in the latest outbreak the transmission between people was documented for the first time, the WHO said.” (05/07/26)

https://www.bbc.com/news/articles/cnvpzgn26edo

Steve Trinward