International diversification has been an anchor around the necks of balanced investors for some time now: Outperformance between America and the rest of the world has historically been cyclical. The latest cycle has lasted much longer than any of the previous iterations. Just look at how dominant the United States has been in terms of … Read more
The French parliament on Thursday finally adopted the state’s 2025 budget following a tumultuous months-long process that saw the previous government toppled and the current administration survive multiple no confidence votes. The Sénat, dominated by the right and center-right, approved the budget with 219 votes for and 107 against. Prime Minister François Bayrou forced the … Read more
“That’s the small one,” Bezos commented. “Mark 2 is twice as tall and twice as wide.” These are impressive vehicles, built on a large scale. They’re important first steps toward delivering cargo—Mark 1 could launch within the next 12 to 18 months—and eventually crew. But none of these next steps can happen without New Glenn … Read more
Hungary granting asylum to a Polish member of Parliament and the principle of mutual trust The story goes: a Polish politician after allegedly committing a crime leaves Poland and settles in Hungary. Interestingly, such a short sentence is not enough to clearly identify the politician in question. It may refer to the king Bolesław II … Read more
The US government finally got its metaphorical hands on Do Hyeong Kwon, the 33-year-old Korean national who built a financial empire on the cryptocurrency Luna and the “stablecoin” TerraUSD, only to see it all come crashing down in a wipeout that cost investors $40 billion. As private investors filed lawsuits, and as the governments of … Read more
