Oracle cut thousands of jobs in order to have more readily available cash it can use for its AI data center buildouts.

Tokyo also wants more spending, and it will be hard to keep control of yields while further increasing Japanese deficits. 

Against the odds, the Memorandum of Understanding signed by the US and Iran appears to be holding, after threats and counter-threats. It may collapse, but it has survived a first round of talks between the two sides in Switzerland over the weekend.

President Trump started a war on Iran against all sober guidance and in violation of the US Constitution’s requirement that only Congress can declare war. There must be a reckoning for our elected leaders who violate their oath of office, the Constitution, and simple common sense.

Yogi Berra, Hall of Fame catcher with the New York Yankees, used to say, “Always go to other people’s funerals. Otherwise, they won’t come to yours.” Dad grew up a Brooklyn Dodgers fan and hated the Yankees, but he loved Yogisms.

Mark Twain popularized the phrase, “There are three kinds of lies: lies, damn lies, and statistics.” This phrase could equally well be adapted to depict the role of socialist narratives taught as “history”—narratives that wreak even more economic havoc than outright lies. Lies can be debunked with facts, but socialist narratives appeal to political and moral ideologies that are less easily dislodged once they take root.