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Would you really die for your country? - The Economist (No paywall)

Military conscription is on the agenda in the rich world

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Israeli public split on how to respond to Iran strike - FT (No paywall)  
  

Country divided over how and when to retaliate after drone-and-missile barrage launched by Islamic regime


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High-speed trader Jane Street raked in $4.4bn at start of 2024 - FT (No paywall)  
  

Trading revenue for secretive New York firm rivals sums generated by Wall Street banks


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House Republicans' bid to impeach Alejandro Mayorkas fails in US Senate  
  

House Republicans' bid to impeach Alejandro Mayorkas fails in US Senate
Had the Senate moved to an impeachment trial, it would be the third time in five years. Trump was impeached twice during his presidency, first over his dealings with Ukraine and later over his involvement in the January 6 assault on the US Capitol. He was acquitted both times by Senate Republicans.














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Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others  
  

Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others
Some politicians have gone so far as to call for the elimination of the IRS, such as Florida Governor Ron Desantis, who would prefer to implement one flat tax that gives all taxpayers the same rate and does away with the current tax code.


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The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates  
  

The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates
As Bill Dudley, a former president of the Federal Reserve of New York, explained in an opinion piece for Bloomberg in February 2023, other factors influencing the US economy include consumer demand and stimulus money, and the Fed keeping rates \"too low for too long.\"


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Justice Dept. Nears Settlement Over F.B.I.?s Failure to Investigate Larry Nassar  
  

Justice Dept. Nears Settlement Over F.B.I.?s Failure to Investigate Larry Nassar
In 2018, Michigan State University, which employed Mr. Nassar, paid more than $500 million into a victim compensation fund, believed to be the largest settlement by a university in a sexual abuse case. Three years later, U.S.A. Gymnastics and the United States Olympic & Paralympic Committee reached a $380 million settlement.


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Columbia?s President to Testify in Closely Watched Antisemitism Hearing  
  

Columbia?s President to Testify in Closely Watched Antisemitism Hearing
What lawmakers and university officials say about academic freedom. The committee’s questioning is taking place amid a wider battle over what can be taught in American classrooms, and how much influence the government should have over those decisions. Some of Dr. Shafik’s supporters are hoping she defends the right of students and faculty to express unpopular, and even controversial, views.


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Is Trump?s Trial Really About ?Hush Money??  
  

Is Trump?s Trial Really About ?Hush Money??
Disagreement over the most basic facts is a fixture of American politics, particularly when Trump is involved. He has described the Capitol riot on Jan. 6, 2021, as a beautiful day. He wrongly says the 2020 election was stolen. So it is not surprising that he has tried to reframe his trial as interference in the 2024 election ? even as he tries to wield it to his benefit by using it to grab attention in New York and solicit funds across the country.


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Biden says Trump 'doesn't deserve to be the Commander in Chief for my son'  
  

Biden says Trump 'doesn't deserve to be the Commander in Chief for my son'
A Trump spokesman told CNN in response to that article: \"John Kelly has totally clowned himself with these debunked stories he\'s made up because he didn\'t serve his president well while working as chief of staff.\"


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Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025  
  

Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
\"Stuff happens, and I think we need to be humble here regarding the financial system,\" he added. \"They run the risk they are going to break something. And to what end? If I were on the committee, I would be strongly arguing we should go already.\"


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US reimposes sanctions on Venezuela as hope for democracy crumbles  
  

US reimposes sanctions on Venezuela as hope for democracy crumbles
Opinion polls show most Venezuelans would eagerly boot Maduro from office if given half a chance. Numerous regional leaders, including the leftist presidents of Colombia and Brazil, have joined the US in criticizing the Maduro government?s failure to abide by its commitments and allow a competitive election.


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Israel reportedly deploys extra weapons for assumed Rafah offensive  
  

Israel reportedly deploys extra weapons for assumed Rafah offensive
On Wednesday, Israeli media reported that the US was holding talks with Arab states aimed at creating a ?multinational transitional authority? that would be responsible for governing and rebuilding the strip for the next five years as part of steps towards international recognition of a Palestinian state.


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Israel 'making decision to act' after Iran attack, says Cameron on Jerusalem visit  
  

Israel 'making decision to act' after Iran attack, says Cameron on Jerusalem visit
It was also reported in the Iranian media that it was the IRGC, not the Iranian foreign ministry, that summoned the conduit for Iranian-US relations, the Swiss ambassador in Tehran, at 3am on Sunday to convey the message that Tehran was prepared to go further if the US intervened.


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Multiple communications failures hurt emergency response to Maui wildfires - report  
  

Multiple communications failures hurt emergency response to Maui wildfires - report
The report also highlights a vulnerability rooted in the dramatic changes Maui has experienced since the arrival of Europeans and the conversion of land into pineapple and sugar plantations in the 19th century. When those closed in the late 1900s, the fallow lands became covered in invasive grasses. That and prolonged drought created a "volatile fuel bed" for fire, Tuesday's report says.


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NPR editor who accused outlet of liberal bias resigns  
  

NPR editor who accused outlet of liberal bias resigns
Following the publication of Berliner?s essay, NPR suspended Berliner, saying he had not received approval for outside work for other news outlets ? a requirement for NPR journalists. The news organization also said: ?The CEO is not involved in editorial decisions.?


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Arizona Republicans again block effort to repeal 1864 near-total abortion ban  
  

Arizona Republicans again block effort to repeal 1864 near-total abortion ban
Hours after the scuttled effort in the state house, Anna Hernandez, a Democratic state senator, successfully introduced a senate version of the repeal bill, which senate Democrats will now seek to advance. Due to the senate?s procedural rules, passing that bill will take multiple days.


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The stock market is headed for a hard 'reset' that could take years to recover from, CIO says  
  

The stock market is headed for a hard 'reset' that could take years to recover from, CIO says
Investors remain concerned over a potential recession, especially as inflation has remained stubbornly elevated and the Fed looks poised to keep interest rates higher for longer. The economy has a 58% chance of tipping into recession by March of next year, per the latest estimate from the New York Fed.


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'Stop Acting Rich. You Don't Have Any Stinkin' Money' ? Dave Ramsey Slams Everyone Living Above Their Means To Fit In, Saying 'People Are Stupid'  
  

'Stop Acting Rich. You Don't Have Any Stinkin' Money' ? Dave Ramsey Slams Everyone Living Above Their Means To Fit In, Saying 'People Are Stupid'
This article \'Stop Acting Rich. You Don\'t Have Any Stinkin\' Money\' ? Dave Ramsey Slams Everyone Living Above Their Means To Fit In, Saying \'People Are Stupid\' originally appeared on Benzinga.com


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Why AMD, Applied Materials, and Lam Research Stocks All Tumbled Today  
  

Why AMD, Applied Materials, and Lam Research Stocks All Tumbled Today
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Applied Materials, and Lam Research. The Motley Fool has a disclosure policy.


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Tech earnings season is coming, and AI is top of mind  
  

Tech earnings season is coming, and AI is top of mind
?Theoretically, targeting should be better by using AI even with the deprecation of the cookie, but we haven\'t seen that yet,? Moorhead said. ?To me, the evidence that I would have to see is a higher cost per click or a better CPM.?


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Kinder Morgan meets profit estimates, sees new demand from AI operations  
  

Kinder Morgan meets profit estimates, sees new demand from AI operations
\"The interesting thing on the call is that KMI expects to carry lower levels of debt into the future, potentially getting higher ratings from credit agencies and better feedback from investors\" said Bill Selesky, analyst at Argus Research.


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Tesla asks shareholders to reinstate Musk's $56 billion pay package, approve move to Texas  
  

Tesla asks shareholders to reinstate Musk's $56 billion pay package, approve move to Texas
Proxy adviser firms Glass Lewis and ISS (Institutional Shareholder Services) have not yet recommended whether shareholders should vote for or against the latest proposals, though the two firms have been critical of Tesla\'s board in the past.


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What went wrong with US inflation  
  

What went wrong with US inflation
All of this is contributing to a material easing in financial conditions, with a Bloomberg index tracking the investment backdrop now more accommodative than before the Fed embarked on its aggressive tightening two years ago.


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Why Arm Holdings Stock Took a Dive Today  
  

Why Arm Holdings Stock Took a Dive Today
Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.


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4 REITs That Have Beaten The Latest Correction  
  

4 REITs That Have Beaten The Latest Correction
On April 15, Acadia announced it closed on an expansion of its $750 million senior unsecured revolving credit and term loan facility. The credit facility now matures on April 15, 2028, but has two six-month extension options.


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Why VinFast Auto Stock Crashed Today  
  

Why VinFast Auto Stock Crashed Today
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service hasmore than tripledthe return of S&P 500 since 2002*.


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Most S&P 500 Stocks No Longer Trade Above 50-Day Average: Healthy Pullback Or Is The Bull Market Over?  
  

Most S&P 500 Stocks No Longer Trade Above 50-Day Average: Healthy Pullback Or Is The Bull Market Over?
The lack of deeply oversold conditions, as indicated by the three-month VIX relative to historical levels and the percentage of stocks above their 50-day moving averages, suggests that the market might need further corrections to establish a more robust low.


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Bitcoin Tumbles Below $60K, Ether Under $3K; Correction Not Over, Says Strategist  
  

Bitcoin Tumbles Below $60K, Ether Under $3K; Correction Not Over, Says Strategist
\"If bitcoin can hold above this level, it keeps the direct focus on that next push to a fresh record high and towards $100,000,\" Kruger said. \"If on the other hand we see more downside pressure that translates to a breakdown below $59,000, this will delay the short-term bullish outlook and open the door for a more meaningful correction into the $45,0000-50,000 area.\"


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Grant Cardone Sells Beachfront Mansion To Own More Bitcoin: Smart Move Or Big Mistake?  
  

Grant Cardone Sells Beachfront Mansion To Own More Bitcoin: Smart Move Or Big Mistake?
It\'s possible Cardone will use the proceeds from the sale of the house to buy at least some Bitcoin. The real questions are how much he would buy, and how much profit he could potentially make.


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Cathie Wood's Bullish Ethereum (ETH) Prediction: How Much $1,000 And $10,000 Invested Could Be Worth  
  

Cathie Wood's Bullish Ethereum (ETH) Prediction: How Much $1,000 And $10,000 Invested Could Be Worth
If ETH reaches $166,000 per token by 2030, it would create huge gains. Specifically, an investment of $1,000 would be worth $54,330. An investment of $10,000 would be worth $543,300. These huge profits may not come to fruition, but according to Wood, it is a possibility.


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S&P 500 Suffers Its Longest Slide Since January: Markets Wrap  
  

S&P 500 Suffers Its Longest Slide Since January: Markets Wrap
Microsoft Corp.?s $13 billion investment into OpenAI Inc. is set to avoid a formal investigation by European Union merger watchdogs, calming fears that the relationship could be forced apart.


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High company valuations a 'worry,' IMF's capital markets chief says  
  

High company valuations a 'worry,' IMF's capital markets chief says
\"We\'ve [cited] risks as broadly balanced around the globe. But in some countries, there\'s a little bit more upside and others a little bit more downside. So certainly, interest rate risk is a key factor we\'re looking at,\" he added.


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Day 2 of Trump?s Criminal Trial: Five Takeaways  
  

Day 2 of Trump?s Criminal Trial: Five Takeaways
But Justice Merchan, an experienced jurist known for his no-nonsense style, has kept things moving fast. Before leaving Tuesday, he swore in another 96 prospective jurors, who will return on Thursday — Wednesday is an off day for the trial — raising the possibility that a full jury will be seated this week.


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Prosecutions of Fake Electors for Trump Gain Ground in Swing States  
  

Prosecutions of Fake Electors for Trump Gain Ground in Swing States
Investigations are also playing out in Wisconsin as well as in Arizona, where the state attorney general, Kris Mayes, is expected to bring charges soon. Grand jury subpoenas were recently issued to the people who acted as fake electors in Arizona, including Kelli Ward, a former state Republican chairwoman. Mike Roman, a former Trump campaign official who is already facing charges in Georgia, is also among those subpoenaed in the Arizona case.


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Trump Demands a Cut of Donations From Campaigns That Use His Name  
  

Trump Demands a Cut of Donations From Campaigns That Use His Name
The letter said the messaging guidelines were part of an effort ?to treat our donors with the utmost respect.? After Mr. Trump appeared in court on Monday, the campaign sent a fund-raising pitch falsely claiming in all-capital letters that Mr. Trump had ?just stormed out of Biden?s kangaroo court!? Mr. Trump had not actually stormed out of the Manhattan courthouse.


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Guantnamo Bay Opens an Extra Courtroom  
  

Guantnamo Bay Opens an Extra Courtroom
Instead, they had to choose to observe one hearing and stay there, at least until lunch. All opted to see Mr. Hambali?s judge gavel open the hearing in the new courtroom, which was retrofitted with a gallery for the public.


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Barbara Joans, Anthropologist Who Studied Biker Culture, Dies at 89  
  

Barbara Joans, Anthropologist Who Studied Biker Culture, Dies at 89
?She was a bit of a wild woman, a genuine nonconformist,? Phyllis Chesler, author of ?Women and Madness? (1972) and a longtime friend of Ms. Joans?s, said in a phone interview. ?Yes, she was an academic and a nice Jewish girl from Brooklyn. But she was a little bit of a street hombre.?


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N.R.A. to Overhaul Charity It?s Accused of Using as a ?Piggy Bank?  
  

N.R.A. to Overhaul Charity It?s Accused of Using as a ?Piggy Bank?
The settlement is one more legal shoe to drop for the embattled gun rights group. In February, a Manhattan jury found Wayne LaPierre, the longtime leader of the N.R.A., liable for misspending $5.4 million of the organization?s money. Mr. LaPierre announced his resignation on the eve of the six-week corruption trial, which detailed his lavish personal expenses, including chartered flights for his relatives, excursions on luxury yachts and nearly $275,000 in Zegna suits.


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As Civil Rights Era Fades From Memory, Generation Gap Divides Black Voters  
  

As Civil Rights Era Fades From Memory, Generation Gap Divides Black Voters
Black voters have long been Democrats? most loyal constituency, and high turnout from this bloc is crucial to Mr. Biden?s re-election. Any drop-off in support could imperil his chances of winning in November. And surveys have shown a striking generational divide within this bloc, driven by what many young people see as broken campaign promises and what party leaders have suggested is a difficulty in communicating Mr. Biden?s accomplishments to voters.


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Senate Dismisses Impeachment Charges Against Mayorkas Without a Trial  
  

Senate Dismisses Impeachment Charges Against Mayorkas Without a Trial
Republicans, for their part, warned that the dangerous precedent was the one that Democrats set by moving to skip an impeachment trial altogether, which they argued was a shirking of the Senate?s constitutional duty. They tried several times to delay the dismissal, failing on a series of party-line votes.


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Biden Weighs in on Caitlin Clark Salary Debate After W.N.B.A. Draft  
  

Biden Weighs in on Caitlin Clark Salary Debate After W.N.B.A. Draft
Last year, Jill Biden, the first lady, created a stir after L.S.U. defeated the University of Iowa, another squad led by Ms. Clark, when she suggested that both teams should be invited to the White House, which would have broken from the tradition of the president hosting just the title winners.


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?Bone Valley? Podcast Subject Is Granted Parole 37 Years After Wife?s Murder  
  

?Bone Valley? Podcast Subject Is Granted Parole 37 Years After Wife?s Murder
?It?s hard for us to find the right words for the emotions we?re feeling, but gratitude, of course, is a big one ? and relief,? Crissie Schofield said Wednesday afternoon, just moments after she had gotten off the phone with her husband. ?It?s a surreal feeling.?


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Boeing Whistle-Blower Details His Concerns to Congressional Panel  
  

Boeing Whistle-Blower Details His Concerns to Congressional Panel
?Extensive and rigorous testing of the fuselage and heavy maintenance checks of nearly 700 in-service airplanes to date have found zero evidence of airframe fatigue,? Boeing said in a statement issued before the hearing, adding that the company was ?fully confident in the safety and durability? of the plane.


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Supreme Court Backs Police Officer in Job Bias Case  
  

Supreme Court Backs Police Officer in Job Bias Case
The new job was more routine, had irregular hours and required her to wear a uniform and to drive a marked police car. After eight months, she was transferred back to the Intelligence Division.


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Johnson Pushes Ahead on Foreign Aid Bill, Teeing Up a Weekend Vote  
  

Johnson Pushes Ahead on Foreign Aid Bill, Teeing Up a Weekend Vote
?We?ve taken the Senate supplemental bill and we?ve improved the process and policy, and that?s a really important thing,? Mr. Johnson said on Fox News on Wednesday. ?Every member gets to vote their own conscience.?


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Woman Admits Killing Pregnant Teenager for Her Baby  
  

Woman Admits Killing Pregnant Teenager for Her Baby
Ms. Figueroa and her daughter, Desiree Figueroa, were arrested in May 2019 after investigators found Ms. Ochoa-Lopez?s car near Ms. Figueroa?s home and then discovered Ms. Ochoa-Lopez?s remains stuffed in a garbage bag in Ms. Figueroa?s garage, according to the proffer.


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Biden, in Pennsylvania, speaks to the United Steelworkers.  
  

Biden, in Pennsylvania, speaks to the United Steelworkers.
While stuck in the deep-blue state of New York, Mr. Trump made a campaign stop at a bodega in Harlem after his trial adjourned on Tuesday. Surrounded by supporters, detractors and curious onlookers, the former president took the optimistic perspective that the Empire State was competitive in this year?s election, vowing that he would ?make a big play for New York? ? adding that his court schedule would allow him to campaign nearby.


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Johnson Needs Democrats on Ukraine, Handing Them Power to Shape Aid Plan  
  

Johnson Needs Democrats on Ukraine, Handing Them Power to Shape Aid Plan
?We?re steering toward everything Chuck Schumer wants,? Mr. Massie said on Tuesday, referring to the Democratic Senate majority leader. (Without Democratic help, Mr. Johnson could afford to lose no more than two Republicans on the rule, if all members were present and voting, or the aid bill for Ukraine would be blocked from the floor.)


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