Monthly Archive: June 2025

Airline Passenger Volume Is Down Amid Falling Demand and Slowing Economy

2025-06-18

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2025-06-18

Year-over-year drops in passenger traffic is well correlated with changes in the employment level, and passenger traffic fell for two months in a row.

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Trump Says he Wants Lower Interest Rates as the Fed Holds Steady at 4.5 Percent

2025-06-18

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2025-06-18

Thanks to the sort of inflationary policy Trump prefers, it will take years to rebuild the economy on a stable foundation of saving and investment, rather than on mountains of easy-money-fueled bubbles.

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Dollar Comes Back Softer ahead of FOMC Outcome

2025-06-18

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2025-06-18

(Commentary resumes with the weekly outlook on June 21) Overview: Yesterday's dollar buying seen in the North American afternoon appears to have exhausted the position-squaring adjustment amid speculation the US might enter more directly the hostilities with Iran and ahead of the outcome of the FOMC meeting. Follow-through buying to has been limited to a couple …

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War with Iran Is Not in the Interest of the American People

2025-06-18

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2025-06-18

The United States is dangerously close to entering yet another war in the Middle East. But this one has the potential to be a lot costlier for the American people while remaining just as unlikely to bring about peace and stability in the region.

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The Tech Bubble Analogy For Nvidia Falls Short

2025-06-18

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2025-06-18

One of the most common parallels for AI stocks’ booming performance is the tech bubble of the 1990s. Both periods were and are being driven by transformative secular developments. On the surface, the remarkable growth, market performance, and high valuations of AI stocks resemble dot-com stocks from the years that created the tech bubble. We’ve …

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Israeli Official Says War With Iran Is ‘Premised’ on the Idea of the US Entering

2025-06-18

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2025-06-18

The Israeli state and its supporters view the American taxpayers as people to be exploited and defrauded for the benefit of a regime that offers Americans nothing in return.

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MISES Podcast: Freiheit. Der Abbau der Throne

2025-06-18

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2025-06-18

18. Juni 2025 – von Rainer Fassnacht Ist die Freiheit das Ziel, geht es nicht um die wechselnde Besetzung des Throns, weil dies nichts daran ändert, dass einige Menschen legitimiert sein sollen, anderen Menschen Handlungen aufzuzwingen. … Ein echter Sieg der Freiheit setzt einen weiteren Schritt voraus, den Abbau des Throns – den Verzicht auf […]

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Sound Monetary Policy in Under 40 Words

2025-06-18

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2025-06-18

If wealth could be created out of scraps of paper or their digital equivalent, world poverty would be a thing of the past. Remember, the commodity money takes care of itself—and us too, if we let it.

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Trump’s Tariff Policies Are Schizophrenic

2025-06-18

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2025-06-18

Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse.

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Child labour risks in chocolate supply chains go beyond just cocoa 

2025-06-18

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2025-06-18

While cocoa gets the most attention from the chocolate industry when it comes to eliminating child labour, other ingredients like sugar, nuts or vanilla are also high risk. On June 11, the International Labour Organisation announced its global estimate for child labour that it publishes every four years. The report, that it prepared with the …

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SEC unter Druck: Interner und externer Widerstand gegen neue Krypto-Linie

2025-06-17

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2025-06-17

• SEC zieht sich überraschend von ihrer harten Haltung gegenüber Krypto-Staking zurück <br> • Rechtssicherheit der Branche untergraben? <br> • Unsicherheit im Krypto-Sektor wächst <br> <!-- sh_cad_1 --> <h2 class="h4">SEC ändert Haltung zu Krypto-Staking</h2> Bislang verfolgte die US-Börsenaufsichtsbehörde Securities and Exchance...

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Trump, DOGE, and the Machiavellians

2025-06-17

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2025-06-17

Despite Trump‘s campaign promises and despite DOGE‘s so-called reputation of cutting government waste, the new administration is spending money faster than the supposed spendthrift Biden administration. This is Machiavellianism at its best.

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Trump (Again) Demands More Easy Money To Help Fund Even Bigger Deficits

2025-06-17

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2025-06-17

Trump says he wants the US central bank to be more like the European Central Bank which has been more aggressively forcing down interest rates in recent months.

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Ending Subsidies to Amtrak Will Benefit Rail Travelers

2025-06-17

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2025-06-17

Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies guarantee that Amtrak will be a second-rate, undercapitalized passenger railroad system.

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Swiss parliament rejects initiative to tax huge inheritances

2025-06-17

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2025-06-17

A national tax on million-franc inheritances for climate protection has no chance in parliament. +Get the most important news from Switzerland in your inbox On Tuesday parliamentarians also rejected an alternative constitutional article to the initiative put forward by the Juso, the youth section of the left-wing Social Democratic Party. The initiative will therefore be …

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Trump, DOGE, and the Machiavellians

2025-06-17

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2025-06-17

Despite Trump‘s campaign promises and despite DOGE‘s so-called reputation of cutting government waste, the new administration is spending money faster than the supposed spendthrift Biden administration. This is Machiavellianism at its best.

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How Trump Chose the State of Israel and Ditched America First

2025-06-17

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2025-06-17

Trump is now weighing sending in the US military. This presidency looks like an extension of George W. Bush's.

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Dollar Becalmed, Gold Softer, Oil Firmer

2025-06-17

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2025-06-17

The latest phase of the Israel-Iran conflict continues and the impact on the markets remains minimal. Oil prices are elevated, but private insurance seems to be slowing traffic in the Straits of Hormuz more than the direct results of a blockade that Tehran appeared to have threatened.

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Trump says he decides what is “America First” and he goes to war for a foreign country

2025-06-17

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2025-06-17

Tucker Carlson opposes Trump's new war, so Trump claims to have invented "America First" and repeats banal slogans about weapons of mass destruction.

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Great Big Ugly Surveillance State

2025-06-17

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2025-06-17

The abandonment of liberty because fear drives people to trust government promises of safety is a phenomenon we have witnessed several times this century.

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