Author: nick

[ad_1] Three ships attempting to transit the Strait of Hormuz were hit by drones, causing some damage to the vessels.  Iranian state media reported that one tanker traveling near the Omani coast was hit after it ignored a warning from the IRGC. The British military said that projectiles hit two other vessels. There were no reports of injuries, and one tanker was able to continue.  Iran is suspected of having attacked the three vessels for not using the shipping lanes designated by Tehran. The first tanker hit was carrying liquefied natural gas from Qatar. Doha condemned the attack and considers…

Read More

[ad_1] President Donald Trump recently filed a required financial disclosure form outlining his 2025 income, and it drew attention to the scale of his wealth — an estimated increase of more than $2 billion in one year. On July 1, a reporter asked Trump how he’d respond to critics who say he’s profiting off the presidency. Trump responded, “Well, you know why I’m profiting? Because the stock market’s going up — everybody’s profiting. Do you have a 401(k)? … So we’re all profiting. I’m profiting because I have a lot of money and a lot of cash.” Trump’s sizable stock…

Read More

[ad_1] Nigel Farage, the leader of Reform U.K. and an ally of U.S. President Donald Trump, resigned as the member of Parliament (M.P.) for Clacton on Tuesday, triggering a by-election in the seat. But Farage’s political career is far from over. He has said he will run for the same seat he just vacated. The resignation follows speculation concerning undeclared financial gifts Farage has received over the past few years, including a 5 million pound (around $6.7 million) payment from Christopher Harborne, a Thailand-based cryptocurrency billionaire, shortly before he stood for election in 2024. Harborne has given Farage’s party more…

Read More

[ad_1] Brownstone Research’s Ben Lilly argues that open-source AI is following Bitcoin’s early regulatory battle and says decentralized AI projects could offer investors a “Bitcoin in 2014” opportunity as governments attempt to restrict open models. A new installment of Chain of Thought, the Brownstone Research newsletter written by Ben Lilly, argues that the battle over open-source artificial intelligence is following the same path Bitcoin walked a decade ago, and that investors who recognize the pattern stand to profit. The note opens with testimony that Anthropic CEO Dario Amodei gave to Congress in July 2023. Amodei acknowledged that open source is “a good thing” in most…

Read More

[ad_1] In 1776, Thomas Paine’s Common Sense dismantled the moral and political foundations of British rule and argued persuasively for independence for an audience craving change. By the end of the Revolution, it had sold hundreds of thousands of copies. Paine’s writing and its reception reflected the essence of the American Revolution as an intellectual revolution. We deservedly commemorate the military battles our forefathers fought. But the revolutionaries were engaged in a deeper struggle: a philosophical break from authoritarian rule toward a government dedicated to individual rights. The war was won both on the battlefield and in the minds of…

Read More

[ad_1] The leader of Reform UK, Nigel Farage, has gone all in. He has gathered his chips together, placed them center-table, and invited his rivals to show their hands. Rather than wait for the House of Commons standards watchdog to adjudicate on his controversial donations from crypto dealers, he has resigned his seat, called a by-election, and challenged the “establishment” to defeat him. He certainly has cojones. But has he signed his own political death warrant? The Conservative leader, Kemi Badenoch, has said his resignation today is “an admission of guilt.” Resigning a parliamentary seat in order to force a…

Read More