PERSPECTA

News from every angle

Results for “Governments

179 stories found

Under Trump, the US has unleashed its own wolf warriors
PoliticsSCMP1d ago

Under Trump, the US has unleashed its own wolf warriors

A suspected CIA-funded publication in Asia recently asked where all the Chinese wolf warriors have gone. It was referring to those supposedly rude envoys who harangued the governments of their host countries and foreign ministry spokespeople who confronted foreign reporters at news conferences. Well, Beijing reined them in long ago. But US President Donald Trump has unleashed his own. Open hostility towards host countries and their peoples seems to be a job requirement in Washington for a US...

‘The digital colonization of flyover states’: how datacenters are tearing small-town America apart
TechnologyThe Guardian2d ago

‘The digital colonization of flyover states’: how datacenters are tearing small-town America apart

The rapid rollout of datacenters across the US is creating a divide between municipal governments and residents Wilmington, Ohio, resident Quintin Koger Kidd was so concerned last June with his local public officials’ alleged misdoings – open meeting violations and other discrepancies – that he filed a complaint in court to have the mayor and city council members removed from their posts. When Koger Kidd later heard that the city supported plans by Amazon Web Services to build a $4bn datacent...

Top Chinese officials, industry leaders may discuss capping EV output at ‘two sessions’
PoliticsSCMP2d ago

Top Chinese officials, industry leaders may discuss capping EV output at ‘two sessions’

Ahead of China’s annual legislative meetings – typically a window into Beijing’s top-level policy agenda – this is the fifth entry in a series examining the complex economic recalibration driving China’s growth philosophy and its wide-ranging implications for local governments, financial investors and private enterprises. Chinese government and industry officials are likely to discuss plans to control domestic electric-vehicle (EV) makers’ output, while encouraging them to prioritise...

Szczecin President Warns of Unstable Local Government Finances
Politicsrzeczpospolita2d ago

Szczecin President Warns of Unstable Local Government Finances

Piotr Krzystek, President of Szczecin, states that local government finances are unstable, as algorithms used by the finance minister are often adjusted to the state budget's capabilities, making local governments heavily reliant on state transfers rather than their own income.

10 happiest countries in the world
Worldvanguard-ng5d ago

10 happiest countries in the world

Geopolitical tensions and supply chain disruptions have pushed global trade back into the spotlight, as governments rethink how dependent they are on foreign goods. The post 10 happiest countries in the world appeared first on Vanguard News.

Katsina LGs operate 100% autonomy, says commissioner
Politicspunch-ng5d ago

Katsina LGs operate 100% autonomy, says commissioner

Katsina State’s commissioner confirms local governments have 100% autonomy, citing increased federal allocations from recent reforms for improved finances. Read More: https://punchng.com/katsina-lgs-operate-100-autonomy-says-commissioner/

Instagram to alert parents on teen suicide searches as UK weighs social media ban
Technologycyprus-mailchannel-news-asia6d ago2 sources

Instagram to alert parents on teen suicide searches as UK weighs social media ban

Instagram said it would notify parents if their teenager repeatedly searches for terms related to suicide or self-harm within a short period, as pressure grows for governments to follow Australia’s ban on the use of social media for under 16s. Britain said in January it was considering restrictions to protect children online, after Australia’s move […]

Under Tinubu, govs no longer borrow to pay salaries — Ex-Minister Ikoh
Politicsvanguard-ng8d ago

Under Tinubu, govs no longer borrow to pay salaries — Ex-Minister Ikoh

Former Minister of State for Science and Technology and the Abia State Renewed Hope Ambassador, Chief Henry Ikoh, has said that far-reaching economic reforms introduced by President Bola Ahmed Tinubu have ended the era when state governments borrowed to pay workers’ salaries. The post Under Tinubu, govs no longer borrow to pay salaries — Ex-Minister Ikoh appeared first on Vanguard News.

Mexico fears more violence after army kills leader of powerful Jalisco cartel
WorldReuterswsjNPR+14nosle-figaroFrance 24delfi-ltdigi24The Independenthinduil-sole-24-orela-vanguardialuxemburger-worthindustan-timesklix-barte-newsin-cyprus9d ago17 sources

Mexico fears more violence after army kills leader of powerful Jalisco cartel

School was canceled in several Mexican states and local and foreign governments alike warned their citizens to stay inside following the army's killing of the leader of the Jalisco New Generation Cartel, Nemesio Rubén Oseguera Cervantes, "El Mencho," and the violence it spurred

XI European Congress of Local Governments Program Announced
Environmentrzeczpospolita10d ago

XI European Congress of Local Governments Program Announced

The program for the XI European Congress of Local Governments in Mikołajki, Poland, has been announced, featuring over 250 events including plenary sessions, discussion panels, and workshops. A key topic is whether renewable energy presents an opportunity or a source of social tension for municipalities.

Heat, drought and division: climate change in the borderlands
EnvironmentMexico News13d ago

Heat, drought and division: climate change in the borderlands

Climate change in the borderlands between the U.S. and Mexico, in an area already beset by extreme heat and drought, is creating numerous challenges for both governments. The post Heat, drought and division: climate change in the borderlands appeared first on Mexico News Daily

Palantir's Florida move is more than just a change of address
BusinessBusiness Insider13d ago

Palantir's Florida move is more than just a change of address

Palantir cofounder and CEO Alex Karp Francois Mori/AP Palantir made an announcement Tuesday, saying it relocated its headquarters to Florida from Colorado. The software company, which generates much revenue from defense contracts, did not give a reason for the move. When founder-led firms change headquarters, it often reflects "worldview as much as strategy," said one expert. When a company moves its headquarters, it's making a statement — whether leadership spells it out or not. That's the case with Palantir's surprise announcement Tuesday that it has relocated its home base to Florida from Colorado. The defense-tech contractor disclosed the change in a one-sentence press release citing a new address just outside Miami. Palantir, led by cofounder and CEO Alex Karp, didn't provide a reason or say what it means for employees. The lack of details has left many observers speculating on the motive. "This seems like a pretty obvious attempt to put both Karp and Palantir in friendlier territory," said Jo-Ellen Pozner, a management and entrepreneurship professor at Santa Clara University's Leavey School of Business. Though Karp backed Kamala Harris' 2024 campaign, he has more recently praised the Trump administration's immigration and national security policies. On a November earnings call, Karp called for tougher border policies and highlighted Palantir's work with US Immigration and Customs Enforcement and Israel. Palantir, which relies heavily on government contracts, has also faced protests in Colorado in recent years. Colorado is a blue state, Florida is red. "Not only will the company receive a more welcoming reception and more eager labor pool in Florida, but Karp and his top deputies will probably be more comfortable spending time there than they do in Colorado," said Pozner. Palantir didn't respond to a request for comment from Business Insider about the reason for the headquarters shake-up or the move's impact on employees. Palantir was founded in California's Silicon Valley region in 2003 and moved to Colorado in 2020. At the time, Karp cited an "increasing intolerance and monoculture" in Silicon Valley. Karp owns property in Colorado. Some leadership experts point to Florida's more tax-friendly policies as a reason why Palantir has a new ZIP code. "To me, this is dollars and cents," said Zack Kass, a former OpenAI executive who now advises companies and governments on leading in today's AI-centric business world. "If building a better company meant Karp moving the business to Alaska, he'd probably do it." A number of finance and tech heavyweights have planted flags in Florida in recent years, including Citadel, Thiel Capital, and Thoma Bravo. In January, venture capitalist David Sacks proclaimed that Miami will soon replace New York City as America's financial capital. "I'm grateful for the leadership of the state of Florida," said Citadel's Ken Griffin at the America Business Forum in Miami in November. "This is a great place to call home." Not everyone agrees, though, as others have noted that Miami's social scene hollows out in the summer and the city lacks a major university to pipe in tech talent. Whatever the incentives are behind Palantir's change of address, headquarters moves in general are rarely about real estate, said Jeff LeBlanc, a management professor at Bentley University. Instead, they often speak to the kind of identity leaders want for their companies. "In a world where so much work is hybrid or distributed, the HQ is often more symbolic than operational," he said. "Geography communicates. It says something about who you want to attract, who you align with, and what kind of company you believe you are." LeBlanc pointed Elon Musk's decision to move some of his companies' headquarters from California to Texas for political reasons as an example. In 2024, the billionaire lashed out at California for being the first state to outlaw schools from having to notify parents if a child changes their name, pronouns, or gender identity at school, calling the move the "final straw." "Particularly in founder-led companies, those moves often reflect worldview as much as strategy," LeBlanc said. "Geography has become part of executive messaging." Read the original article on Business Insider

The shutdown of USAID and the deeper crisis behind it
PoliticsDawn15d ago

The shutdown of USAID and the deeper crisis behind it

“Why did you start driving inDrive?” It’s my go-to icebreaker with drivers in Pakistan. Lately, the answers have been unsettlingly similar. “I used to work in the development sector,” one man told me. “Then I lost my job.” I’ve heard that line — or a version of it — too many times to dismiss as coincidence. Since the United States pulled the plug on its aid apparatus, the fallout has been immediate. On the surface, the shutdown of USAID is being framed as just another abrupt policy reversal — a bureaucratic casualty in an era of disruption. But look closer, and it reveals something far more profound: the cumulative weight of domestic and international tensions that have been simmering, both within and beyond the US for decades. Cycles of aid, cycles of distrust The first source of strain lies beyond US borders. From its inception as a Cold War instrument, American foreign aid has been shaped by an enduring tension between its declared objectives of development and altruism and its underlying strategic and political calculations. This duality has long been apparent to the recipient elites and the broader public alike. During the Cold War, many governments acquiesced, in part because Western donors faced little competition and alternative sources of assistance were scarce. That landscape has since changed. As non-traditional donors, most notably China and the Gulf states, have expanded their presence, and as domestic political incentives within recipient countries have shifted, scepticism toward USAID has become more explicit and politically salient. In countries such as Pakistan, where mistrust of American intentions runs deep, US assistance is often perceived less as generosity than as intrusion. What is now framed as a backlash against American aid is better understood as the culmination of a long-simmering tension and a legacy of mutual misperceptions between donor and recipient. Pakistan’s experience with US foreign aid agency illustrates this dynamic with particular clarity. American assistance to Pakistan has never been linear or predictable; instead, it has unfolded in cycles closely attuned to Washington’s shifting strategic priorities. During the Cold War, aid was channelled primarily through a security-alliance framework aimed at containing the Soviet bloc, with economic assistance tightly coupled to military cooperation. These flows declined sharply after the 1965 war, reinforcing perceptions of US aid as conditional, transactional, and reversible. Another peak in this equation followed in the 1980s, when General Ziaul Haq aligned Pakistan with the US in opposing Soviet expansion in Afghanistan. Yet with the collapse of the Soviet Union, and the subsequent imposition of US sanctions on Pakistan’s nuclear programme under the Pressler Amendment, assistance once again contracted. It was only after 9/11 that the aid surged anew, this time framed around counterterrorism and stabilisation. Even at its height, however, much of this assistance remained shaped by security imperatives, short funding horizons, and heavy reliance on contractors, rather than long-term institution-building. For many Pakistanis, therefore, the shutdown of USAID feels less like an abrupt rupture than the latest turn in a familiar cycle of engagement and disengagement. The second factor is bureaucratic pathologisation. Like many large organisations, aid agencies are susceptible to institutional dysfunction, and USAID has been no exception. In practice, particularly in contexts such as Pakistan, as commissioner on the Afghanistan War Commission Andrew Wilder has noted, its programmes increasingly came to be structured through a security lens rather than a development one. Key decisions were made in Washington, filtered through multiple layers of contractors, and ultimately deployed on the ground with limited scope for local input. At the same time, bureaucratic incentives privileged projects with easily quantifiable indicators, favouring what could be measured over what was substantively effective. These patterns were neither accidental nor new, nor are they unique to the US. Over time, however, they eroded both the legitimacy and the perceived effectiveness of USAID, among recipients abroad and critics at home. These institutional dynamics had tangible consequences on the ground. In Pakistan, USAID funding became heavily concentrated in sectors aligned with stabilisation and security objectives — such as service delivery in so-called “fragile” districts or rapid-impact infrastructure — often at the expense of slower, politically unglamorous investments in local institutional capacity. NGOs and development professionals structured entire career paths around USAID project cycles, only to see those opportunities vanish when priorities shifted or funding was abruptly frozen. The result was a hollowing out of local expertise and institutional memory. When aid was withdrawn, it left behind far fewer durable institutions than its scale and visibility might have led one to expect. The mismatch between stated development objectives and the underlying security logic was further compounded by an overreliance on quantifiable metrics to demonstrate impact. This tendency was reinforced by a development ecosystem shaped by the overproduction of economists and political scientists trained as methodological specialists rather than regional experts. Programmes designed in Washington often prioritised what could be easily counted — number of schools built, clinics refurbished, trainings delivered, or kilometres of roads completed — over whether such interventions meaningfully strengthened local institutions. In Pakistan, this logic was especially evident in sectors such as education, health, and local governance, where projects were assessed primarily through output indicators rather than sustainability or local ownership. Multiple layers of contractors further diluted accountability and blurred responsibility once funding cycles ended. Over time, this produced a paradox: USAID became both omnipresent and poorly understood — associated with large budgets and extensive reporting, but yielding limited and uneven institutional impact. That credibility gap left the agency especially exposed when domestic political support in the US began to erode. The third major factor behind the dismantling of the aid lies in the domestic backlash within the US against international cooperation. Opposition to foreign aid, multilateralism, and international institutions long predates Donald Trump, reflecting decades of polarisation over globalisation and America’s role in the world. By the time Trump entered office, hostility toward international engagement was already deeply embedded in US politics. In this context, shuttering a highly visible aid agency became a potent domestic signal; it becomes a way to demonstrate responsiveness to voters who view global commitments as costly, wasteful, or illegitimate. Dismantling USAID was therefore less a recalibration of foreign policy than an act of domestic political theatre. The US government’s official justification for shutting down USAID frames the move as a response to “China’s exploitative aid model” and a means of advancing American “strategic interests in key regions around the world”. It is true that China has dramatically expanded its development footprint and largely operates outside the traditional Western aid framework. But that explanation doesn’t hold up to deeper scrutiny. If Washington were genuinely seeking to compete with Beijing in the development arena, the more coherent response would have been reform and reinvestment, not withdrawal. Moreover, Chinese and US aid are not direct substitutes. They target different sectors, rely on distinct instruments, and frequently operate alongside one another in the same countries — Pakistan among them — without displacing each other. In Pakistan, Chinese assistance has concentrated on large-scale infrastructure and energy projects, while USAID has focused primarily on education and health. Chinese aid typically flows through bilateral, government-to-government channels, whereas US assistance has often bypassed the Pakistani state, working instead through NGOs and contractors. China’s rise may well be sharpening anxieties in Washington, but it does not, on its own, explain why the US would choose to erode its own institutional capacity in response. A looming domino effect The shutdown of USAID, then, should not be understood as a one-off policy blunder or an idiosyncratic choice tied to a single administration. Rather, it reflects the convergence of long-accumulating tensions: between the professed ideals and strategic deployment of aid abroad; between development objectives and bureaucratic practices within aid agencies; between international commitments and domestic political incentives at home. USAID’s collapse is best understood not as the cause of these pressures, but as their most visible manifestation. The consequences of this decision extend well beyond the fate of a single agency. They reveal the fragility of the broader international aid regime, which ultimately depends on the willingness of a small number of leading powers to absorb the political and financial costs of institutionalised cooperation. When that willingness erodes, institutions lose both credibility and purpose and eventually collapse. Signs of this erosion are already evident, as other major donors, including the United Kingdom and Germany, begin to scale back their own aid commitments. What is at stake, then, is not merely the dismantling of USAID, but the gradual unravelling of an international aid regime built on mutual trust and a sustained commitment to lifting the world’s poorest out of poverty.

Businesszerohedge15d ago

China's Debt Model Creates Danger Of Stagnation

China's Debt Model Creates Danger Of Stagnation Authored by Daniel Lacalle, The latest social financing figures from China show an economy that is increasingly relying on government debt while private demand for credit remains weak. The strength of the Chinese technology sector and its exporting companies gives enough room for leverage. However, behind the weak private sector credit demand lies an evident economic slowdown that the Chinese government acknowledges, challenging consumption patterns, a significant overcapacity problem, and the depth of the housing crisis. The current economic model, focused on delivering 5% real economic growth, requires larger doses of debt to achieve smaller increments of growth, especially productive sector growth. The government has focused on reducing debt and overcapacity imbalances while reorienting its exports and financial system to lessen dependence on the US dollar; however, the main challenge for the Chinese economy remains boosting consumer demand, despite rate cuts and easing financial conditions. To understand the intensity of debt of the Chinese model, we must go to the year 2000 and see the acceleration in the flow of debt, not just the current stock. At that time, real GDP growth was around 8–9%, so each percentage point of growth came with roughly 13–16 points of debt‑to‑GDP. Government debt was very low, at around 25% of GDP, and most leverage sat in the state-owned corporate sector with modest household debt. China was able to deliver near‑double‑digit growth with a total non‑financial debt ratio barely above 120% of GDP. By 2023, non‑financial sector debt had risen to about 285% of GDP, more than doubling its level of 2000. Chinese think‑tanks and official commentators put the “macro leverage ratio” closer to 300% of GDP by 2025, according to the Chinese Academy of Social Sciences. The macro leverage ratio rose by 11.8 percentage points to 302.3 percent in 2025, exceeding the 10.1-point increase reported in 2024. Over the same period, the trend of real GDP growth has slowed to roughly 4–5%, so each percentage point of growth now requires around 60–75 points of debt‑to‑GDP, more than three times the debt per point of growth required in 2000. Furthermore, it comes mostly from government debt. In January 2026, aggregate social financing jumped by 7.22 trillion yuan, significantly higher than in the same month of 2025 and above market expectations, consistent with 5% annual GDP growth and a larger composition of the public sector in the mix. Outstanding social financing reached 449.11 trillion yuan at the end of January, rising 8.2% year‑on‑year, while money supply (M2) rose by 9%.​ New yuan bank loans were 4.7 trillion yuan, about 420 billion less than a year earlier and significantly below consensus, showing the weak private‑sector credit demand and the prudent approach of Chinese customers and businesses to debt addition. RMB loans outstanding stood at 276.62 trillion yuan, up only 6.1% year‑on‑year, clearly below the pace of overall financing and money growth. The driver of credit growth in China is no longer households and private firms but the government and state-owned companies. The real estate problem has impacted Chinese families in numerous ways. Not only did most of them see the value of their homes decline, but many families invested in the attractive yields of real estate developers’ commercial paper, which led to large losses and even the wipe-out of savings for many. Additionally, despite the excess in supply of houses, prices have not fallen enough to warrant enough appetite for new mortgages, as affordability remains an issue and the traditional prudence of Chinese citizens when it comes to consuming and borrowing adds to the challenge. Beijing plans to issue 4.4 trillion yuan in local government special‑purpose bonds in 2025, 500 billion more than in 2024, looking to boost government investment and a “proactive fiscal policy,” knowing that raising taxes would be exceedingly negative for growth and consumption. Local governments are expected to issue more than 10 trillion yuan in bonds in 2025, including refinancing, general bonds, and new special bonds. The Chinese government knows that it can manage more debt but also sees the weak investment and household spending and acknowledges that large tax increases would be counterproductive.  However, to prevent future debt-driven stagnation, a focus on productivity is necessary. The official budget sets a deficit of 4% for 2025. However, once all budget items are consolidated, including government funds, special bonds, and off‑budget vehicles, this true fiscal deficit in 2025 is closer to 9%, up from 7.7% in 2024, according to Rhodium Group and JP Morgan. China increasingly relies on hidden or almost fiscal borrowing to support growth. With outstanding social financing now around 449 trillion yuan and real growth around 4–5%, each incremental point of GDP is increasingly linked with a much larger stock of debt than a decade ago. This rising credit intensity of growth may prevent a significant slowdown but may create a significant fiscal challenge in the future. The Chinese model demands high growth and low taxes; any change to the fiscal system will be negative. For years, local governments relied on the sale of land for property development to collect tax receipts. Thus, the drag from real estate is evident in the economy and in fiscal sustainability. Real estate development investment fell 13.9% year‑on‑year in the first three quarters of 2025, with residential investment down 12.9%, the steepest drop since 2021, according to official figures. Property investment and sales both posted double‑digit declines in 2024, and forecasters expect real estate investment to fall another 11% and sales to drop 7.5% in 2025, according to Reuters, with further declines in 2026 before stabilizing only in 2027… if it happens as fast as consensus estimates. The property sector, once a key engine for economic growth and tax receipts, absorbs new credit to stabilize its accounts without boosting growth or creating a multiplier effect. Additionally, China’s industrial capacity utilization remained at 74.9% at the end of 2025, well below the 78.4% peak reached in 2021. Overcapacity is clear in steel, autos, legacy chips, and parts of sectors like green tech, where expansion has surpassed domestic and external demand. Thus, the purchasing managers’ indices show weak new orders and foreign demand, while bankruptcies and insolvencies have risen, although not to levels that would indicate a financial crisis.​ The Chinese economy needs to reopen, improve investor and legal security and allow the housing slump to materialize fully to see the type of productive economic growth it needs to avoid much larger increases in debt. Otherwise, the risk of stagnation will likely be elevated as population growth stalls, overcapacity remains, and the stock of unsold property becomes a larger liability.   Tyler Durden Mon, 02/16/2026 - 22:25

Eat The Rich: California Democrats Trigger Reverse Gold Rush With Wealth Tax
Politicszerohedge17d ago

Eat The Rich: California Democrats Trigger Reverse Gold Rush With Wealth Tax

Eat The Rich: California Democrats Trigger Reverse Gold Rush With Wealth Tax Authored by Jonathan Turley, This month, the anniversary of the California Gold Rush came and passed with little mention … for good reason. When James W. Marshall found gold at Sutter’s Mill, millions traveled great distances to seek their fortune in the “Golden State.” Now, 178 years later, California has engineered an inverse Gold Rush, virtually chasing wealth from the state. Rather than covered wagons going West, there is a line of U-Hauls going anywhere other than California. From boondoggle projects to reparations, California politicians continue to rack up new spending projects despite a soaring deficit and shrinking tax base. Rather than exercise a modicum of fiscal restraint, Democrats are pushing through a tax that takes five percent of the wealth of any billionaires left in the state. I have long criticized the tax as perfectly moronic for a state with the highest tax burden and one of the highest flight rates of top taxpayers. In my new book, “Rage and the Republic: The Unfinished Story of the American Revolution,” I discuss the reversal of fortunes in California and other blue states as politicians unleash new “eat the rich” campaigns before the midterm elections. The problem, of course, is that billionaires are mobile, as is their wealth. Liberals expect billionaires to stay put in a type of voluntary canned hunt.  They are not. Billionaires are joining the growing exodus from the state, taking their companies, investments, and jobs with them. The latest billionaire to be chased off may be Meta CEO Mark Zuckerberg, who is reportedly heading for Florida. The growing departures have triggered outrage among many on the left, who are in disbelief that billionaires will just not stand still to be fleeced. Former New York Magazine editor Kara Swisher captured that rage in a recent posting, declaring “you made…all your money in California, you ungrateful piece of s***, you could figure out a way to pay more taxes, and we deserve the taxes from you, given you made your wealth here . . . so why don’t we just do shock and awe at this point, because you don’t seem to be availing yourself to thinking that you owe your state something more.” By some estimates, California has already cost over a trillion dollars in lost investments and business. That is no small achievement. Here’s a mind teaser: How can you burn a trillion dollars (which would create a stack some 67,866 miles high) without taking years and destroying the environment? California politicians have a solution: Have people take it out of the state in a reverse gold rush. In addition to saying that they want to grab 5 percent of the wealth of these billionaires, California Democrats are planning to base wealth calculations on the voting shares of corporate executives. Often, particularly with start-ups, entrepreneurs have greater voting shares than actual ownership. However, they will be taxed as if voting shares amounted to actual wealth. In other words, California is moving to nuke the entrepreneurs who created the Silicon Valley boom. Emmanuel Saez, the U.C. Berkeley economist who helped design the tax, insists that they may not want to stay, but they will still be tapped. They are planning to trap the wealthy fleeing the state retroactively: “The tax is based on residence as of Jan. 1, 2026, sharply limiting their ability to flee the state to avoid paying. Despite billionaires’ threats to leave, I think extremely few will have been able to change residence by Jan. 1, given the complexity of doing so.” The effort to retroactively impose such a tax is legally controversial and will face years of challenges. In my view, this is unconstitutional, but admittedly it is a murky area. Regardless of the outcome, a wealth tax will affect a wide range of other wealthy taxpayers. If Democrats can get a retroactive wealth tax to be upheld, it is doubtful that they will stop with billionaires. Why should other top taxpayers stick around to find out where the next cull will fall in the tax brackets? Recently, Gavin Newsom boasted, “California isn’t just keeping pace with the world — we’re setting the pace.” That is undeniably true if the measure is the record number of U-Hauls fleeing the state — more than any other state. Indeed, the only thing harder to find than a wealthy taxpayer in California appears to be a U-Haul. According to U-Haul’s data, the state is again leading blue states in the exodus. The Washington Post noted recently that “California came in last. Massachusetts, New York, Illinois, and New Jersey rounded out the bottom five. Of the bottom 10, seven voted blue in the last election.” Conversely, “nine of the top 10 growth states voted red in the last presidential election,” with Texas again leading the growth states. The Post put it succinctly, “People want to live in pro-growth, low-tax states, while the biggest losers tend to be places with big governments and high taxes.” The problem is that, while the economics are horrific, the politics remain irresistible. Democratic Rep. Ro Khanna, who represents part of Silicon Valley, recently mocked billionaires rushing to escape the state. Laughing at his own constituents, Khanna quipped, “I will miss them very much.” You will not be alone as California becomes known as the La Brea Tar Pit of taxation. They are on the verge of converting the state motto from “Eureka” to “Welcome to Hotel California, you can check out any time you like, but you can never leave.” Jonathan Turley is a law professor and the best-selling author of “Rage and the Republic: The Unfinished Story of the American Revolution.” Tyler Durden Sat, 02/14/2026 - 20:15

Australian energy bills could surge as Iran conflict drives up global gas prices
EnvironmentThe Guardian1d ago

Australian energy bills could surge as Iran conflict drives up global gas prices

Experts warn of similarities with 2022, when electricity prices went up by more than 40% due to the Russian invasion of Ukraine Get our breaking news email, free app or daily news podcast The US-Israel strikes on Iran risk a repeat of the 2022 energy shock that forced power bills up by more than 40%, sent Australian businesses to the wall and forced governments to spend billions on power bill subsidies. The stark warning from experts follow news that Qatar, the third-largest liquefied natur...

“Washington Commanders Don’t Play in Washington”: Cam Newton Backs Chicago Bears’ Move to Indiana
SportYahoo3d ago

“Washington Commanders Don’t Play in Washington”: Cam Newton Backs Chicago Bears’ Move to Indiana

When your favorite team has been playing at the same location for more than 50 years, it’s hard not to get emotional at the idea of losing them to a neighboring territory. Unfortunately, that’s exactly what the Chicago Bears’ fan base has been dealing with as the future of their beloved franchise continues to be used as a political pawn between the state governments of Indiana and Illinois.

Serbian Media Project Funding
Politicsn1-serbiadanas5d ago2 sources

Serbian Media Project Funding

The Journalists' Association of Serbia (UNS) reports that media project funding competitions have been announced in 20 local self-governments, including Belgrade, which allocated 85,000,000 dinars.

Which governments own the most Bitcoin—and how they got it
Financecyprus-mail5d ago

Which governments own the most Bitcoin—and how they got it

The United States government is one of the largest Bitcoin holders on Earth—not because Congress voted to create a strategic reserve, but because federal agents have spent a decade seizing cryptocurrency from criminals. Drug dealers, hackers, ransomware operators, and money launderers accumulated Bitcoin through illicit activity. Law enforcement tracked them down and confiscated their digital […]

Iran and USA Pause Geneva Talks for Consultations
Politicsaktuality-skdhaka-tribuneTehran Times+1press-tv6d ago4 sources

Iran and USA Pause Geneva Talks for Consultations

Key negotiations between Iran and the United States in Geneva were paused for consultations after three hours of 'intensive and serious' discussions, with both delegations needing to consult their governments on 'practical proposals'.

The Olympic Antivirus
Sportla-repubblica9d ago

The Olympic Antivirus

The Milan final was a social antivirus. It's not just about the soft power of governments. There is one belonging to the Games, and it still works.

Matt Taibbi: Epstein Files Are "Uniquely Destructive" To Both Political Parties
Businesszerohedge12d ago

Matt Taibbi: Epstein Files Are "Uniquely Destructive" To Both Political Parties

Matt Taibbi: Epstein Files Are "Uniquely Destructive" To Both Political Parties Submitted by QTR's Fringe Finance This week I interviewed Matt Taibbi at a moment when, as he put it, “this is a pretty weird time.” He had just learned that his outlet, Racket News, had been investigated by the British government using what he described as “human intelligence sources and all kinds of crazy stuff.” “It’s been pretty weird,” he told me. What struck him most was how normalized this kind of pressure has become. Governments, he said, now routinely “hire out private intelligence firms and private PR firms to devise strategies to undermine negative press.” If you’re doing adversarial reporting, he added, “you’ll get swept up in this. So you probably have been, you just don’t know it.” From there, we moved into the Epstein story, which has become a political third rail. I asked him whether bipartisan silence around certain issues should worry people. Taibbi said most of what happens in Washington is already bipartisan; the public just doesn’t see it. “The thing that we call the news,” he said, is “a sliver of disagreement” between parties. The rest—“98% of the business that’s done there”—happens with quiet agreement. On the Epstein files, he argued that both parties miscalculated. The Trump camp, he said, built expectations around full transparency and then stumbled. “Dumping tons of stuff out without any context tends to have a lot of unintended consequences,” he said. The result has been politically damaging across the board. He also pushed back on some of the public narrative. The fascination with Epstein, he said, rests on three assumptions: that Epstein worked for intelligence, that he ran a vast trafficking ring, and that the two were connected through political blackmail. “There’s an abundance of evidence” of serious sexual crimes, he acknowledged. But on the intelligence-blackmail theory, “there’s nothing that puts it all together and says that’s what was happening. It could, but it’s just not there yet.” What he does see is a slow-burn release strategy. “You’ll notice that they never fully release everything,” he told me. “It’s like Zeno’s paradox. We’re never going to get all the way to the wall with this.” Each new tranche fuels public demand and media frenzy, with the promise that the next batch might contain the “kill shot” that takes down someone powerful. We then shifted to New York politics and the rise of Zohran Mamdani. Taibbi sees his early proposals—like raising property taxes—as predictable. If state-level backing doesn’t materialize, he suggested, the Democratic Party may distance itself. “The Democratic Party has decided not to back this horse,” he said. In his view, the party faces a structural dilemma: a base that is moving left out of economic frustration, and a national electoral map that may not tolerate that shift. He connected that frustration to student debt and monetary policy. When I brought up inflation and deficit spending, he traced the arc back to post-2008 policies and the explosion of quantitative easing. “All you’re doing is accelerating inequality on the one hand,” he said, “and you’re raising the debt burden for everybody else.” The result, he argued, is a generation that feels locked out of homeownership and upward mobility. On immigration and recent ICE enforcement actions, Taibbi resisted simple partisanship. He said he found neighborhood sweeps and masked agents “scary,” comparing aspects of the approach to “an enhanced federal version of stop and frisk.” At the same time, he criticized the ideological shift that made even basic border enforcement seem taboo. “It’s not like having borders is inherently xenophobic,” he said. “It’s just a part of governance. Part of being a nation.” At the end of the conversation, Taibbi outlined changes at Racket News. He said he had “basically fired” himself as editor-in-chief and brought in new leadership to refocus on document-based investigations. The site, he told me, is doubling down on FOIA-driven reporting and digging into stories like expansive FBI investigations and the British controversy now touching his own outlet. The through line of our discussion was less about left versus right than about institutions under strain—media, parties, law enforcement, and financial systems alike. Taibbi’s core warning was that much of what truly matters happens in the bipartisan shadows, while the public argues over the sliver that makes it onto cable news. (WATCH THE FULL VIDEO INTERVIEW WITH MATT HERE).  Tyler Durden Fri, 02/20/2026 - 10:00

US is planning to launch a website that may make governments across Europe quite angry
PoliticsTimes of India13d ago

US is planning to launch a website that may make governments across Europe quite angry

The US government is reportedly planning to launch a website, freedom.gov, to display content banned by foreign governments, including alleged hate speech and terrorist propaganda. This initiative, led by Undersecretary Sarah Rogers, could strain relations with European allies and be perceived as an attempt to undermine national laws, despite past US efforts to promote free information access globally.

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people
BusinessBusiness Insider15d ago

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people

Vinod Khosla says stock prices aren't the way to evaluate AI bubbles. Mert Alper Dervis/Anadolu via Getty Images Vinod Khosla says the rise of AI might warrant steeper taxes on capital and none for most workers. The billionaire VC wrote on X that AI displacing workers could shrink the labor part of the economy. Khosla wrote that some popular tax breaks were "special interest goodies" and not "true capitalism." If artificial intelligence eliminates millions of jobs, it might make sense to scrap income taxes for the vast majority of Americans and target capital instead, Vinod Khosla says. "AI will transform economies and need a rethink of capitalism & equity," the billionaire venture capitalist wrote in an X post on Monday. "Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income?" Khosla — who cofounded Sun Microsystems and made the first VC investment in OpenAI — was making the point that AI replacing labor on a grand scale might warrant greater taxes on assets such as stocks and real estate. The veteran financier, who founded Khosla Ventures after leaving Kleiner Perkins, attached a video highlighting some of the jobs that could be taken by AI, from accountants and therapists to truck drivers and chip designers. AI will transform economies and need a rethink of capitalism & equity. Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income? 40% of capital gains taxes are paid by those with… pic.twitter.com/7oSA9xj5Ko — Vinod Khosla (@vkhosla) February 16, 2026 Khosla said in a follow-up post that ramping up taxes on capital would generate so much revenue that the government could scrap taxes for most of the roughly 150 million US taxpayers. "Could easily eliminate bottom 125 million taxpayers from the tax rolls and be revenue neutral at the same time with a capital gains tax equal to ordinary income and a few other tweaks," he wrote. He added that tax breaks such as carrying over tax losses and tax-free borrowing against unrealized gains — which he called a "true abuse!" — are "special interest goodies inserted by lobbyists and campaign contributions, not true capitalism." Khosla didn't address common critiques of higher taxes, including that they can discourage entrepreneurship and investment, that collecting them can be tricky, and that wealthy people may leave the country to avoid them. Khosla has previously underscored that the advent of AI may require sweeping policy changes. He estimated in late 2024 that in 25 years' time, AI could be doing 80% of the work in 80% of all jobs, and universal basic income might be needed to compensate for job destruction. "As AI reduces the need for human labor, UBI could become crucial, with governments playing a key role in regulating AI's impact and ensuring equitable wealth distribution," he wrote on his firm's website. Khosla isn't alone in predicting AI will change the fabric of society. Elon Musk suggested late last year that work could become "optional" and money might become "irrelevant" if advances in AI and robotics generate abundant resources for all. Moreover, the Tesla and SpaceX CEO recently said that retirement savings may not be needed in 10 or 20 years, as everyone might have "whatever stuff they want." However, skeptics such as Michael Burry of "The Big Short" fame have cautioned the AI boom is a speculative bubble, tech companies are overinvesting in microchips and data centers that will quickly become obsolete, and true AI is further away than many think. Read the original article on Business Insider

How Koreans are reimagining shuttered schools
CultureKorea Herald15d ago

How Koreans are reimagining shuttered schools

Local governments across South Korea are scrambling to find new uses for shuttered schools amid a declining student population, while a parallel movement is unfolding on social media, where individuals are taking the initiative to renovate and reimagine closed campuses. According to the Ministry of Education, the cumulative number of shuttered schools surpassed 4,000 in 2025, with South Jeolla Province recording the highest number at 854. In contrast, only seven schools have closed in Seoul sinc

Nikos Plakias speaks to Protothema: The pressure, xylene, Karystianou, and the last photo of the girls from inside the train
Politicsprotothema-en16d ago

Nikos Plakias speaks to Protothema: The pressure, xylene, Karystianou, and the last photo of the girls from inside the train

Three years after Tempe, Nikos Plakias opens his home for the first time and speaks to Protothema — “Unfortunately, they painted the train blue, red, green,” “I will neither bring down nor raise governments." The post Nikos Plakias speaks to Protothema: The pressure, xylene, Karystianou, and the last photo of the girls from inside the train appeared first on ProtoThema English.

The Concept of a 'Ministry of Resilience'
Politicsobservador2d ago

The Concept of a 'Ministry of Resilience'

While few governments explicitly name a 'Ministry of Resilience,' many have similar structural arrangements, prompting a discussion on the meaning and necessity of such a portfolio.

Christodoulides underlines humanitarian role of Cyprus
Politicscyprus-mail3d ago

Christodoulides underlines humanitarian role of Cyprus

President Nikos Christodoulides on Sunday said he ha already spoken to heads of state in the region and in Europe for Cyprus to play a humanitarian role in the region. He said the island has already been sounded out by the governments of Japan and China to potentially help evacuate its nationals from the area. […]

Authorities sound alarm on teenage pregnancies in Eastern Visayas
Healthinquirer3d ago

Authorities sound alarm on teenage pregnancies in Eastern Visayas

TACLOBAN CITY — Alarmed by a renewed spike in cases of adolescent pregnancies, the regional office of the Commission on Population and Development (CPD-8) is calling for urgent and sustained action from families, schools, and local governments, warning that teenage pregnancies and birth in Eastern Visayas are not just a health concern but a looming

Africans Recruited for Russian Trenches in Ukraine
Worldaktuality-sk5d ago

Africans Recruited for Russian Trenches in Ukraine

Recruitment networks have reportedly lured 1,780 Africans from 36 countries into fighting for Russia in Ukraine, often under false pretenses of work. The growing scandal is prompting African governments to act and demand the return of their citizens.

Europe Prepares for Scenario Without US Tech Giant Services
Technologycapital-bg5d ago

Europe Prepares for Scenario Without US Tech Giant Services

European governments and companies are preparing for a scenario where they might need to operate without services from major US tech companies like Microsoft, Google, and Amazon, highlighting Europe's disadvantage due to a lack of its own large-scale digital infrastructure.

My friend was killed for telling you the truth. Now the powerful are even more desperate to silence us | Janine di Giovanni
PoliticsThe Guardian6d ago

My friend was killed for telling you the truth. Now the powerful are even more desperate to silence us | Janine di Giovanni

Murderous governments and armed groups always considered reporters like Marie Colvin a nuisance – now they see them as legitimate targets A friend wrote to me last week to tell me that my name appeared in the Epstein files. “But it’s for a good cause,” he wrote. “Nothing sinister.” In 2012, shortly after my friend and colleague Marie Colvin was killed in Homs, Syria, I met with the now-disgraced Norwegian diplomat Terje Rød-Larsen. Rød-Larsen was a renowned fixer who had negotiated the 1993 O...

Uganda police arrest two women accused of kissing
Politicscyprus-mail8d ago

Uganda police arrest two women accused of kissing

Police in Uganda said on Tuesday they had arrested two young women they accuse of involvement in same-sex acts after they were seen “openly kissing” in violation of the country’s stringent anti-homosexuality law. The East African country enacted the Anti-Homosexuality Act in 2023, defying pressure from Western governments as well as local and international rights […]

Milei Pushes Through Labor Reform in Argentina
PoliticsEL PAIS9d ago

Milei Pushes Through Labor Reform in Argentina

Argentina's ultra-right government, led by Milei, is celebrating the approval of a labor reform law that allows 12-hour workdays, makes dismissals cheaper, and reduces the power of unions, a reform resisted by previous right-wing governments.

Mexican Army Kills Powerful Cartel Leader 'El Mencho'
WorldAPReutersBBC+57bloombergNYTwsjFTwapoThe GuardianNPRcnbchelsingin-sanomatnosfazaftonbladetberlingskeDWle-figaroSCMPsvenska-dagbladetder-standardirozhlasla-repubblicaorfrzeczpospolitatelextvn24die-presseel-mundomorgunbladidpublicodelfi-ltdigi24EL PAISforbesindex-hrpolitikenhinduYahoo24urdnevnik-bgjutarnji-listla-vanguardiaTimes of Indiahindustan-timesdagbladetdh-les-sportsiefimeridajerusalem-postklix-ban1-bihnaftemporikirolling-stone20-minutenbalkan-webtmzAhram Onlineel-universal-englishMexico Newspunch-ng9d ago60 sources

Mexican Army Kills Powerful Cartel Leader 'El Mencho'

The Mexican army killed Nemesio Rubén Oseguera Cervantes, known as 'El Mencho', leader of the Jalisco New Generation cartel, during a military operation.

Water prisons, torture: UN urges crackdown on brutal Southeast Asia scam centres
WorldSCMPJakarta Post12d ago2 sources

Water prisons, torture: UN urges crackdown on brutal Southeast Asia scam centres

The UN human rights agency on Friday called on governments to clamp down on scam centres, which have mushroomed in Southeast Asia and where hundreds of thousands of people have been trafficked into forced labour. The agency released a report documenting torture, sexual abuse, forced abortions, food deprivation, solitary confinement and other abuses. “The litany of abuse is staggering and at the same time heartbreaking,” UN Human Rights high commissioner Volker Turk said, calling on governments...

Terrorism spiral
WorldDawn13d ago

Terrorism spiral

WITH a spate of terrorist attacks occurring in the country, a national-level response is required to address the issue. The latest atrocity has occurred in Bajaur, where a suicide bomber reportedly belonging to the banned TTP attacked a checkpost in Bajaur on Monday. At least 12 people were martyred in the incident — 11 security personnel and one minor girl. Meanwhile, on the same day, a motorcycle rigged with explosives was blown up outside a police station in Bannu, causing two fatalities. Furthermore, law enforcers said on Wednesday that terrorists attacked a police station and a customs office in Dera Ismail Khan, martyring a policeman and a customs officer. They added that the terrorists also fired at passenger buses in the area. Several acts of deadly violence have occurred in this area over the past few weeks. Following the Bajaur attack, the prime minister commented that “under the vision of Azm-i-Istehkam, security forces are gaining major success in the fight against terrorism”. While that may be so, Pakistan continues to pay a high price as it loses security personnel and civilians in frequent terrorist attacks. For example, apart from the latest violence in KP, an imambargah in Islamabad was attacked earlier this month causing major casualties, while only days before the atrocity in the capital terrorists had launched coordinated attacks in Balochistan. Unless the state takes a fresh approach towards terrorism, we may see the same high levels of violence in the current year as we did in 2025. Last year was said to be the bloodiest in over a decade. The threats may be varied — separatist terrorists in Balochistan, religiously inspired elements in KP — but the response must ensure that all violent elements are neutralised, and the state is able to establish peace in the disturbed areas. There has been some welcome recent cooperation between the KP government — which remains the hardest hit province — and the centre in the field of counterterrorism; such efforts must be intensified. A whole-of-nation approach is needed, applying kinetic measures where required, conducting intel-based operations as well as sociopolitical interventions as needed, to defeat terrorism. The federal and provincial governments, lawmakers and the security apparatus, along with CT experts, must put their heads together to arrive at a solution that can bring lasting peace to Pakistan. Published in Dawn, February 19th, 2026

Eye of the storm
PoliticsDawn15d ago

Eye of the storm

IT has been a worrying week for the PTI as the news about Imran Khan’s health became public and dominated news headlines and private conversations. From the sketchy information that came out initially, it appeared that he had some problem with his eye and has lost up to 85 per cent of his vision in that eye. This was reported by lawyer Salman Safdar, after his court-appointed visit to Khan at Adiala jail, though there had been news reports about the matter earlier. According to Safdar, the percentage was communicated to Khan by the doctors who examined him. The government’s earlier reaction appeared a bit inexplicable. It took the government days to confirm the problem, after it had been reported in the media. And then it did nothing while the Supreme Court woke up to take notice, sending Safdar to the jail. Over the weekend, there were reports that a team of doctors had been sent to the jail to examine him, while his family and personal doctors continued to wait for access. As the family and party refused to accept the government’s decision of giving access to only certain individuals (rather than the family being allowed to choose the person) the examination was carried out at the jail by doctors without any relative present. The party is trying to build up pressure through protests and sit-ins, which seems to cause no sleepless nights to the government. This is so despite reports that KP is cut off from the rest of the country. The PTI is getting criticised for this though it is hard to understand why the federal government is ignoring it. To return to Adiala, this is a good time for a reminder that health issues, especially of imprisoned political prisoners, should not be downplayed or treated lightly. For this reason, the government should provide all help possible to Khan; this includes allowing his family and personal doctors access to him, so they can take decisions on his health, instead of the government making the call on which experts should conduct the examination and which family members can be present. This reeks of callousness. The reports of Khan’s ill health have added fuel to the talk of a probable deal. However, there is a political angle to this entire crisis. The reports of Khan’s ill health have added fuel to the talk of a probable deal or ‘dheel’, as it seems to share some parallels with the platelets issue which allowed Nawaz Sharif to be freed and flown to London. In fact, the question being asked again and again in Islamabad is if this is Platelets 2, implying that some backroom deal is being worked out. It is important to point out that the rumours did not just emerge as a result of health worries but also because of the events of the past couple of weeks where the cooperation between the federal and provincial governments improved. Once this happened, the allegations of drugs and other criminal activities directed at Chief Minister Sohail Afridi gave way to praise for his cooperation with Islamabad. So once the reports of the illness emerged, it simply lent credence to rumours that something was cooking. At the moment, it is hard for those of us who live away from Constitution Avenue to comment on these rumours with any authority. And beca­u­­se I would like to feel better about my ignorance, perhaps some of those living on Constitution Avenue may also be as ill-informed as the rest of us mortals. Despite this, there is much support for the idea of a deal. For many within the PTI think it would provide respite to Khan and others and allow them to bide their time for a return to power (as in the case of other politicians in the past). On the government side, it is seen as a way to bring some stability to the situation, allowing the focus to remain on the economy. But all of this ignores a larger issue, beyond the comfort of those in power and in the opposition. In other words, beyond the level of high politics, where the players tend to be the establishment, the parties and individuals, what will this deal bring to dissatisfied people who have been feeding into the popularity and stature of Khan? Indeed, it is this anger which has resurrected Khan and the PTI each time a fatal blow has been struck in the direction of the party in what is ‘high politics’. Be it the forcible exits from the PTI of the more well-known faces or the decision to deprive the party of its symbol — popular support for it has ensured that none of these steps proved sufficient. So it is perhaps worth asking what the impact of such a ‘deal’ would be. Suppose the deal does disillusion the supporters of Khan and undermines his popularity in a way similar to Nawaz Sharif and the PML-N. (The economy and its poor performance landed the second blow on N’s popularity.) And then what options will be left for the people to still stay engaged in electoral politics. Will they opt for other, smaller political parties? Or will they look around for more radical options? The point here is that the establishment needs to realise that it not going to be enough to win over politicians to its side; this is not what will make the system more stable. For the system to be more stable, it is not enough to quieten politicians such as Sharif or Khan and then revel in the decline of their popularity. For real stability, the anger of the people will have to be understood and then addressed through a more equitable economic system and by giving them a voice. Instead of focusing on high politics, it might help if for once attention were paid to the level at which people operate and exist. After all, electoral politics in Balochistan was tamed some time ago, but stability continues to be elusive. The writer is a journalist. Published in Dawn, February 17th, 2026