News

Everyone Claims They’re Worried About Global Finance. But Only One Side Has a Plan.

Senator Josh Hawley, Republican of Missouri, said at the recent National Conservatism Conference, what he called the “the cosmopolitan economy” has encouraged multinational corporations to move jobs and profits overseas and then “rewarded these same corporations” for “investing their profits not in American workers, not in American development, but in financial instruments that benefit the cosmopolitan elite.” New York Times

Fewer Inspections for Aging Nuclear Plants, Regulators Propose

A new report by staff members of the Nuclear Regulatory Commission, which oversees the safety of the nation’s 59 aging nuclear power plants, recommends that the commissioners significantly weaken or reduce safety inspections of the plants. New York Times

Why This Narrow Strait Next to Iran Is So Critical to the World’s Oil Supply

Twenty percent of the global oil supply flows through the Strait of Hormuz, a narrow stretch of water that separates Persian Gulf countries like Iran, Iraq and Kuwait from the rest of the world. From May 15 to June 15, more than 1,000 tanker ships traveled the strait. Many were destined for places as far away as China and South Korea. New York Times

How A.I. Helped Improve Crowd Counting in Hong Kong Protests

Crowd estimates for Hong Kong’s large pro-democracy protests have been a point of contention for years. But for the first time in the march’s history, a group of researchers combined artificial intelligence and manual counting techniques to estimate the size of the crowd. New York Times

The Oil Market Shows It Can Take a Punch

The Persian Gulf crisis has not ignited a major price spike, thanks to growing oil production in the U.S. and a slowing in overall demand. New York Times