Jeffrey Miron Since September 2025, the US has carried out five lethal strikes on small boats off the coast of Venezuela, leaving 27 people dead as of October 14. Even granting the government’s account—that these were traffickers and the strikes were effective interdictions—the policy question remains: does escalating force in prohibited markets reduce violence? In short: no. When prohibition forces a ...
Speaker Mike Johnson, R-La., accused the Democratic Party of being taken over by far-left ‘Marxists’ on Day 16 of the federal government shutdown. The leader of the House of Representatives was visibly frustrated while speaking to reporters on Thursday, accusing Senate Minority Leader Chuck Schumer, D-N.Y., and other Democrat leaders of prolonging the fiscal standoff for political gain. ‘This is ...
A former security guard at the U.S. Embassy in Norway was convicted of spying on behalf of Russia and Iran, a report said. The 28-year-old Norwegian, whose identity has not been made public, was sentenced Wednesday to three years and seven months, The Associated Press reported. A Norwegian police official reportedly told Reuters at the time of the suspect’s arrest ...
Senate Democrats for a 10th time blocked Republicans’ attempts to reopen the government and have ensured that the shutdown goes into next week. That’s because after one final vote series later on Thursday, lawmakers will leave Washington, D.C., for another long weekend after just three short days on the Hill. Neither Republicans nor Democrats are ready to flinch in their ...
Kennedy Center President and Ambassador Richard Grenell slammed former President Joe Biden for avoiding Russian President Vladimir Putin as war raged between Russia and Ukraine, while praising President Donald Trump’s ‘common sense’ foreign policies. ‘You have a president who is really watching the situation, unlike the last president, Joe Biden, who literally didn’t talk to Vladimir Putin for three and ...
When U.S. forces launched strikes against Iranian military targets in June, critics warned it could ignite a regional inferno — even the start of World War III. Four months later, the Middle East is quieter than at any point in years. Iranian proxies have scaled back attacks, Gulf tensions have cooled, and Washington has shifted attention toward the Western Hemisphere. ...
Former President Barack Obama endorsed former Democratic Rep. Abigail Spanberger in Virginia’s governor race, releasing a pair of ads attacking Republicans. The contest between Spanberger, a former CIA officer, and Virginia Lt. Gov. Winsome Earle-Sears is one of only two governor races in the U.S. this November. The contests are viewed as political bellwethers ahead of the 2026 midterm elections. ...
Senate Democrats wanted an equal say in crafting spending bills before the shutdown and are about to get a chance to do so, but they’re unlikely to support Republicans’ latest effort to jump-start the government funding process. The Senate on Thursday is set to move through a procedural hurdle on the annual defense spending bill, which, among other things, would ...
Nicholas Anthony Who should be trusted with the future of money? Amit Seru, a professor of finance at Stanford Business School, recently took to the pages of the New York Times to call for that future to be held in the hands of the state. He argued that trusting money to the private sector would result in a system that ...
More than 400 UK businesses have been officially recognised by the government for paying their suppliers promptly and fairly, as part of the Fair Payment Code, a scheme run by the Office of the Small Business Commissioner. The code, launched in December 2024, is part of a national drive to combat Britain’s late-payment culture, which costs the economy £11 billion ...