Economy & Finance

“The Dynamic Has Shifted”: Global Automakers Now Bet Heavily On China For Global Expansion Strategies Foreign automakers are rushing to debut China-developed models at a major auto show, recognizing they can’t afford to lose ground in the world’s largest car market, according to Nikkei. After years of declining sales, many legacy brands are shifting to […]

US Has No Plan To Renew Iranian, Russian Oil Waivers, Bessent Says Authored by Kimberley Hayek via The Epoch Times, U.S. Treasury Secretary Scott Bessent said on April 24 that the United States will not renew the sanctions waivers that enabled buyers to take delivery of Iranian and Russian crude already loaded on tankers at

Where Does Eastern Europe Begin And End? Key Takeaways There is no single definition of Eastern Europe. Its borders vary depending on historical, political, and cultural context. Russia, Ukraine, and Belarus are almost always included, forming the region’s “core.” The eastern boundary is widely agreed upon, but the western edge shifts significantly across definitions. The

Reset Germany: Breaking With An Exhausted Ruling Class Authored by Frank-Christian Hansel via American Greatness, Germany is not, in the first place, suffering from an economic crisis, an energy crisis, a migration crisis, or a crisis of state. Germany is suffering, chiefly, from a crisis of its elites. More precisely, Germany is suffering from a

Hayek, Orwell, And ‘The End Of Truth’ Authored by Jonathan Miltimore via Civitas Institute, In 1942, after fighting in the Spanish Civil War (1936–1937), a disillusioned writer returned to London to write about his experience. It wasn’t just that the fascists in Spain had won and his side—a small, anti-Stalinist Marxist group—had lost. What frightened

Compute Costs More Than Talent In AI For leading AI companies, the biggest expense is not talent. It is compute. This chart from Visual Capitalist’s AI Week, sponsored by Terzo, uses Epoch AI data to compare spending at Anthropic, Minimax, and Z.ai across R&D compute, inference compute, and staff plus other costs. In every case, compute accounts for the

Charlottesville: The Deceit Underlying The Hoax Authored by Steve Cortes via RealClearPolitics.com, For years, Democratic politicians and their allies in the legacy media have spread the damnable Charlottesville Hoax: the propaganda myth that President Trump praised bigots who rioted in 2017 in the Virginia town. Of course, the opposite is true, as Trump actually said: “I’m not

California’s Billionaire Tax Proposal Has ‘Slippery Slope’ Lever California’s latest effort to tax its richest residents into leaving is barreling toward the ballot – only this time, it’s got a built-in ‘slippery slope‘ lever once voters hand them the keys. Backers of the proposed “billionaire tax” say they have already cleared the first hurdle, gathering more than

SBA Sends 562k Pandemic Loans To Bessent For Collections Totaling $22 Billion The U.S. Small Business Administration (SBA) has announced a sweeping enforcement action targeting suspected pandemic-era loan fraud, referring more than 562,000 borrowers tied to $22.2 billion in delinquent loans to the U.S. Department of the Treasury for collection, according to the Small Business

The Reality Behind US-Iran Negotiations Authored by Bryan Brulotte via The Epoch Times, The current negotiations between the United States and Iran are being misread as a chaotic exercise in brinkmanship. They are not. They are the predictable endgame of a contest in which leverage has shifted decisively, and in which one side is now