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We’re going to talk about strip clubs and binge drinking today. Yet surprisingly this article is not about Hunter Biden. I’m actually talking about the FDIC… as in the organization that’s supposed to insure customer deposits in the US banking system. The FDIC isn’t typically an institution that’s associated with sex, drugs, and
On the evening of June 18, 1815, in the Belgian hamlet of Mont-Saint-Jean, nearly 70,000 troops under the command of the Duke of Wellington, alongside 50,000 allied Prussian soldiers, fought against the French forces of Napoleon Bonaparte in the historic Battle of Waterloo. Waterloo was a bloody affair, with heavy casualties on both
It was late in morning on Friday October 25, 1793 when John Foss knew that his life was about to change. As a sailor working on board a commercial vessel en route to southern Spain, Foss was near the end of his three-month voyage, somewhere off the coast of Portugal. But some time
By the time Philip II ascended to the throne of Spain in the year 1556, the empire he inherited from his father was already the most dominant superpower in the world. Spain had a formidable military, and its famous naval armada struck fear in the hearts of its adversaries. Spain also held vast
Our bizarre yet wonderful world today is full of ridiculous logic and false equivalencies. We’ve been told, for example, that “silence is violence”. Or that misgendering someone is “literal violence”. It’s almost funny how much the left loves to preach against violence. Yet these are the same people who have condoned the Hamas
It’s been seven months now since Silicon Valley Bank went bust. And so much has happened in the world since then that SVB’s collapse almost feels like ancient history. But something is going to happen tomorrow– at precisely 6:45am Eastern time– that could rekindle anxiety in the banking system once again. And it’s
Like most people, I’ve been closely following what’s been going on in Israel and Gaza since Saturday’s attack. Most of our readers know that I’m a former intelligence officer; while it seems like a lifetime ago, those instincts never leave. And as I’m shaking my head in disgust at what’s happened, I also
In light of so much chaos that has gripped the world lately, I wanted to change focus briefly and reflect on the passing of one of the most titanic, sovereign-minded human beings in modern history. Most people have never heard the name Chuck Feeney… and he worked very hard to keep it that
Byzas of Megara must have been positively dumbfounded when he first set foot on the banks of the Bosporus River. It was the year 667 BC, more than 2,700 years ago, and Byzas was on a mission from the Greek mainland to find new colonies. His fleet had just landed on the European
There’s something pleasantly reassuring about mathematics: We shouldn’t have any doubts about the fact that 2 + 2 = 4. Yet over the past few years, we’ve started seeing the most absurd assaults on basic science and mathematics. The most hard-core fanatics now assert, with a straight face, that it’s racist to say
Uruguay is widely known for its exceptionally frugal former president, José ‘Pepe’ Mujica, a farmer and former revolutionary who was in office from 2010 to 2015. What the country is not known for, however, is its tax incentives. Let’s get into the details below… Caveat Emptor: We are not professional tax advisors and
In 1958, Leonard E. Read wrote the book I, Pencil. As the book’s title suggests, this is the story about a pencil, told from the pencil’s perspective. The pencil traces his beginnings – from the cedar forests of Northern California and Oregon – to the mill in San Leandro, California, where specialized equipment
By the time an army of 80,000 Russian troops invaded Ottoman territory in June 1853 at the outbreak of the Crimean War, the imperial finances of the Ottoman Empire were already a complete disaster. The Ottoman Empire had once been the most dominant superpower in the world. But that had been centuries prior
The top two headlines in today’s Wall Street Journal say it all: The first one is “US Inflation Accelerated in August as Gasoline Prices Jumped”. And the second explains that “Exploding Budget Deficits” are here to stay. These are technically two different stories about two separate issues. But I’ll show you how they’re
When the first shot rang out at Dealey Plaza on November 22, 1963, most bystanders didn’t even realize that it was the sound of gunfire. But Texas Governor John Connally was an avid hunter. He recognized the sound, sensed danger, and turned behind him to check if President Kennedy was OK. Moments later,
