Source: France 24 [French state media]
“A drone strike on a passenger terminal in Kuwait’s international airport wounded several people Wednesday and forced air traffic to be suspended, as Iranian and US forces traded attacks in the Gulf. The attacks marked one of the more severe tests yet of a fragile April 8 ceasefire, that has largely held despite sporadic strikes after more than a month of war sparked by the US and Israeli attack on Iran. Kuwaiti officials blamed the attack on the airport on Iran, whose Revolutionary Guards accused US forces of triggering the night’s sequence of attacks by targeting a communications tower on the country’s Qeshm Island, forcing it to respond.” ()6/03/26)
https://www.france24.com/en/live-news/20260603-drone-strikes-close-kuwait-airport-as-iran-and-us-clash-in-gulf
Source: Adam Smith Institute
by Tim Worstall
“Some say that economics is not a predictive science. We say ‘Pish’ to that idea, even ‘Pfft,’ and here is a prediction from economics: ‘The Conservatives are planning to introduce ‘ration cards’ to prevent thousands of criminals from spending their benefits on alcohol and gambling. The party wants to reduce Britain’s ballooning welfare bill by issuing criminal claimants with cards that severely limit what their money can be spent on.’ It will take some sub-triple digit number of hours for a black market to appear and given modern social media some sub-double digit number of weeks for it to be a commonplace across the country. There will be a trade of this restricted money for the unlimited ration coupons known as cash money. Further, we’d predict that the unlimited form will be worth more than the limited.” (06/02/26)
https://www.adamsmith.org/blog/we-predict-a-black-market-arriving-in-321
Source: Future of Freedom Foundation
“Amusement on Cuba from America’s Right Wing.” (06/02/26)
https://www.fff.org/freedom-in-motion/video/trump-watch-amusement-on-cuba-from-americas-right-wing/
Source: National Public Radio [US state media]
“The primary election for California governor is too close to call, with vote counting continuing Wednesday. Democrat Xavier Becerra and Republican business executive Steve Hilton lead the field with Democrat Tom Steyer in third place. In California’s unusual primary system, all candidates, regardless of party, appear on a single ballot open to any registered voter. The top two candidates then move on to the general election, even if they’re from the same party.” (06/03/26)
https://www.npr.org/2026/06/03/nx-s1-5844747/california-primary-election-results-governor
Source: Garrison Center
by Thomas L Knapp
“Florida home values have increased by about 150% since 2008, and that there now about 2 million more homes in Florida than there were in 2008. In other words, a lot more homeowners are paying a lot more in property taxes than used to be the case. In the meantime, average wages have only increased by about 35%, while inflation has driven up the prices of things Floridians buy by 75%. Which means those increased tax bills have become less affordable, even as county government budgets have continued to grow at or faster than the inflation rate. The state government has run budget surpluses since 2010. It seems to me that SOME kind of correction is in order. Government keeps taking, and spending, more of our money, but our earnings aren’t keeping up with either that government growth or the cost of living.” (06/02/26)
https://thegarrisoncenter.org/archives/20639
Source: CNN
“Russia said it downed hundreds of drones over its territory, including about 60 over the Leningrad region Tuesday night, in a Ukrainian attack as a major economic forum gets underway. Saint Petersburg governor Aleksandr Beglov said three districts were targeted as part of an overnight Ukrainian drone assault that wounded several people and damaged infrastructure facilities. … Ukrainian President Volodymr Zelensky said ‘long-range strikes’ struck ‘key targets’ including the St Petersburg oil terminal, one of the largest oil transshipment complexes in northwestern Russia. … The attacks came as the St Petersburg International Economic Forum, or SPIEF, a major business event known as Russian President Vladimir Putin’s version of Davos, gets underway in the city on Wednesday.” (06/03/26)
https://www.cnn.com/2026/06/03/europe/ukraine-drone-attack-russia-st-petersburg-intl-hnk
Source: The Daily Economy
by Romina Boccia
“A Congress that routinely misses budget deadlines and adds to an unsustainable debt burden should not expect automatic raises with no accountability.” (06/02/26)
https://thedailyeconomy.org/article/if-congress-wants-a-raise-it-should-do-its-job/
Source: CNBC
“Bitcoin declined Wednesday to its lowest levels since February as other asset classes continued to lure investors away from cryptocurrencies. The world’s largest cryptocurrency fell to as low as $65,385, dropping 2.3%. That came after the S&P 500 and Nasdaq 100 closed at records on Tuesday. Asian stocks mostly rose with Japan’s Nikkei 225 hitting a record high Wednesday. … Investors may be freeing up liquidity from bitcoin for opportunities in private markets or with initial public offerings such as SpaceX, OpenAI and Anthropic, QCP said.” (06/03/26)
https://www.cnbc.com/2026/06/03/bitcoin-crypto-ipos-market.html
Source: Washington Post
by Ramesh Ponnuru
“Some conflicts among the states are inevitable and perhaps even healthy in our system. But rules must restrain those conflicts so that they do not undermine important national goods such as freedom of commerce among the states. … The Constitution therefore includes several restrictions on what states can do to one another and a commerce clause that hands regulatory power to Congress. For almost all of America’s history, the Supreme Court has inferred from that clause that state governments can’t regulate interstate economic activity … But the justices have, unfortunately, grown less and less willing to enforce those limits on the states.” (06/02/26)
https://archive.is/PF9SU
Source: NBC News
“President Donald Trump signed a landmark executive order Tuesday that lays the foundation for federal testing of the world’s most powerful AI systems before they are publicly released. The order, signed in private, directs federal agencies — including the Defense Department, the Treasury and the Cybersecurity and Infrastructure Security Agency — to shore up the country’s cybersecurity defenses for critical infrastructure and charts out a mechanism for the federal government to test and vet the most powerful AI systems for safety issues before they are deployed. The testing would rely on voluntary collaboration from America’s leading AI companies, like Anthropic, OpenAI and Google.” (06/02/26)
https://www.nbcnews.com/tech/tech-news/trump-ai-executive-order-rcna348072
