Confidential Report
Administrative State
The administrative state bit off more than it could chew during COVID
The Systematic Unraveling of the Administrative State ⋆ Brownstone Institute
We got a glimpse of this, when cameras recorded thousands of State Department employees carrying their belongings out in bankers’ boxes.

Australia
Australia Rebuffs Trump As US Demands To Know What Allies Would Do In Taiwan War
As if the runaway conflicts in Ukraine & Gaza weren’t enough…

PM to laud explosive growth in trade with China
Anthony Albanese will use meetings with top business leaders in Shanghai to heap praise on the Australian-Chinese economic relationship, while promising to back industry efforts to decarbonise China’s huge steel sector.
International
Pentagon Admits Iranian Missile Hit Communications Dome at US Qatar Base
An Iranian attack on an air base in Qatar that’s key to the U.S. military hit a geodesic dome housing equipment used by the Americans for secure communications, satellite images analyzed Friday by The Associated Press show. Hours

France and Europe: Increasingly Submitting to Islam
“We have imported another civilization.”– Former MP Philippe de Villers, YouTube, “eight months ago.” ”[W]here do those who do this come from? And why are they still here?” -- Éric Zemmour, president of Reconquest, a right-of-center party he created in

Business, Finance & Investment
Low US Household Leverage Bodes Well For The Economy
One of the things that gives me great comfort about the health of the U.S. economy is our historically low household leverage (liabilities to net worth). According to the Federal Reserve Board, household leverage is now at an 80-year low—a remarkable sign of financial discipline. So let me be the first to congratulate you for not loading up

Regional markets leading the way for interstate migration
Outer-city markets are surging in popularity among relocators, with families across the nation eyeing areas such as regional Queensland and Western Australia that combine affordability and lifestyle appeal.

Culture
Why So Many Young Americans Fall for Socialism
Once seen as a taboo word in American politics, socialism has experienced a notable resurgence, especially among young voters. Polls show that more than half of millennials and Gen Zers now view socialism favorably. Politicians like Senator Bernie Sa…

Tucker Carlson Blasts Epstein’s Ties to Israeli Intel, Demands End to Dual Loyalties
Explore Tucker Carlson’s stance on Epstein, foreign influence, and aid to Israel, urging accountability in U.S. policies.

Crypto & Blockchain
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Bitcoin hits new all-time high above $119K as trader eyes 7-week uptrend
Bitcoin edges closer to the $120,000 as BTC price action sets another all-time high.
Postscript
A Year Since Donald Trump Was Shot
A year after the assassination attempt on Trump, reflecting on his comeback and challenges ahead.







