A center-right Washington think tank studying government, economics, and social policy.
Gas prices have remained elevated amid renewed fighting in the Iran conflict. National averages hover near $4 per gallon, with West Coast spiking due to regional refinery issues and stricter environmental rules. Analysts say policy shifts and ongoing conflict will continue to shape prices in the near term.
The US government is examining whether Chinese open-weight AI models have been distilled from American models, a sign that policy actions are likely as tensions in AI leadership between the US and China intensify. Silicon Valley startups are lobbying for targeted safeguards rather than broad bans while White House officials signal ongoing enforcement in the AI space.
Automakers are expanding vehicle-to-home and vehicle-to-grid capabilities. Ford’s F-150 systems are connecting EVs to home meters for backup power, while Kia, Tesla and GM are pursuing similar energy services as grid demand grows and EV sales slow.
US jobless claims have fallen to a record low, highlighting a tight labor market. Yet NILF (not in labor force) trends show millions leaving the workforce, with experts warning of a broader participation shift. The data suggest ongoing divergence between firing rates and hiring activity, with implications for policy and growth.
Moonshot has released Kimi K3, an open-weight model that independent tests say matches frontier performance and has prompted investor selling in chip stocks. Tech figures and regulators are trading accusations about distillation and national security, while industry voices argue the alarm is exaggerated.
The Fauci diaries have intensified scrutiny of his handling of the COVID-19 pandemic. A Senate panel has voted to hold him in contempt for refusing to answer questions, while states push for records. Republicans argue for accountability; Democrats defend the former NIH director amid a renewed focus on origins, lockdowns, and media coverage.
Fauci has invoked the Fifth Amendment during a Senate hearing on his COVID-era policies. Rand Paul has moved to refer him to the Justice Department for contempt, arguing the presidential pardon does not shield him from self-incrimination. The diaries raise questions about private misgivings vs public statements, and about the origins of the virus and lockdowns.
CIA Director John Ratcliffe has flown to Moscow for undisclosed talks with Russian intelligence officials. The Kremlin has said President Vladimir Putin was briefed but did not meet Ratcliffe. U.S. officials and the CIA have declined to comment. Washington told Kyiv in advance and asked Ukraine to pause strikes on parts of Russia while the delegation was in the capital.
Iran’s economy is under growing pressure as US sanctions intensify and Hormuz disruptions curtail oil revenue. The rial has collapsed, inflation soars, and ordinary Iranians face rising costs as authorities grapple with the impact of war and a tightened blockade.
The OECD has released 2025 PISA results showing a global drop in reading, math, and science scores among 15-year-olds, with the United States experiencing a widening gap between low and high performers. The data link increased AI and social media use with weaker performance, while a minority of countries buck the trend.
The Federal Reserve has raised the federal funds rate by a quarter point to 3.75%-4.0% to tame inflation. The move will ripple through borrowing costs and savers. Credit-card rates, car loans, and mortgage-finance costs are likely to rise, while savers may enjoy higher deposit yields. The hike is the first since July 2023 and follows energy-price pressures.
The federal tax-credit scholarship program is expanding scrutiny and renewed political clash as New York considers opting in. Governors and unions frame the move as school choice versus public funding, while proponents say the program expands opportunity without diverting public dollars.