New financial technologies are making it faster and cheaper to move money across borders, seemingly reducing the world's reliance on the dollar . - But new research presented at the Jackson Hole symposium suggests financial innovation may instead tighten the dollar's grip on global finance. - Financial innovation is the theme for the annual gathering of central bankers, where they're grappling with how these technologies reshape the financial system. Why it matters: Dollar dominance gives the U.S. enormous financial clout and helps keep demand for its debt strong. - If the paper is right, stablecoins and other forms of tokenized money could strengthen that position, even as concerns grow about America's fiscal health. What they're…
The Trump family's crypto venture, World Liberty Financial, has been granted preliminary approval from a Trump-appointed official to become a bank. Hofstra University Law Professor James Sample and former FBI Special Agent in Charge Michael Feinberg join Alicia Menendez to share their reaction.
Professor Penn invokes Thomas Jefferson’s warnings about rebellion, arguing that citizens have a duty to resist tyranny and rediscover the founding principles of republicanism. He examines the widening Iran conflict, disrupted oil shipments, rising energy prices, and the economic advantages the United States may gain as Europe, Asia, and the Gulf states struggle. Professor traces communism’s politics of grievance through universities, affirmative action, and Minnesota’s unelected Metropolitan Council, which he presents as a model of centralized government. He warns that artificial intelligence, digital currency, and corporate-state partnerships could place Americans under permanent surveillance and economic control. Finally,…
Professor Penn opens with a message about overcoming fear, anxiety, and political stress through faith, prayer, and personal discipline. He examines the escalating Iran conflict, instability in the Strait of Hormuz, and anticipation surrounding President Trump’s major national address. Professor considers whether newly declassified intelligence could expose Chinese interference in the 2020 election and build momentum for the SAVE Act. He warns that color revolutions, centralized institutions, surveillance, and digital currency could be used by the deep state to dismantle American self-government. Finally, Professor challenges Minnesota’s political establishment, compares Angie Craig and Peggy Flanagan as products of the same uniparty,…
House Speaker Mike Johnson (R-La.) will seek to heal growing friction with his Senate counterparts in remarks emphasizing unity during Senate Republicans' weekly lunch Tuesday, Axios has learned. Why it matters: House and Senate Republicans have spent months clashing over virtually every major priority, despite their control of Congress and the White House. - The disputes have ranged from ICE and Border Patrol funding , to the SAVE Act and a long-term extension of FISA . - Johnson is expected to emphasize the need for open lines of communication as Republicans gear up for reconciliation packages 2.0 and 3.0. - It will mark Johnson's first appearance at a Senate GOP lunch this year. The big picture: House conservatives increasingly…
