China limits AI use nationwide to stop kids from cheating, and the U.S. might take notes.
China’s AI Shutdown During Exam Week China is shutting down AI nationwide during exam week. This move reflects concerns from the Chinese Communist Party regarding the impact of artificial intelligence on youth engagement. President Xi Jinping appears to prefer a less AI-dependent approach for students compared to American ones, who often rely on AI to […]
Credit Card Defaults, Balances, Debt, Credit Limits, and Collections in the Second Quarter of 2025
Our drunken sailors and their credit cards. Wolf Richter on Wolf Street. Recently, credit card delinquency rates—referred to by some as “drunken sailors”—have shown some notable improvements. The delinquency rate for credit cards, defined as payments overdue by 30 days or more, decreased to 2.87% at the end of the second quarter, as reported by […]
FTC takes legal action against ticket reseller for bypassing limits on Taylor Swift’s Eras tour tickets
FTC Files Complaint Against Ticket Resellers The Federal Trade Commission (FTC) has filed a complaint, alleging that certain investment groups involved in ticket reselling bypassed purchasing limits to acquire tickets for live events. This includes high-profile events like Taylor Swift’s ERAS tour, which they then resold at inflated prices, as stated in a filing with […]
Texas is pushing digital monitoring to new limits
In the Southern states, where discussions about freedom seem to echo the loudest, a new, unsettling threat is surfacing—it’s a digital one. In Texas, immigration authorities are constructing a surveillance system that relies on GPS technology and app notifications. ICE has increasingly turned to alternatives to detention, effectively placing immigrants on a digital leash. It’s […]
Saudi Arabia limits foreign ownership in public companies to 49%: Only six categories of investors are eligible
New Foreign Investment Regulations in Saudi Arabia The Capital Markets Authority (CMA) of Saudi Arabia has unveiled updated regulations concerning foreign investments in publicly traded securities. These new guidelines aim to clarify ownership limits and define who is eligible to invest. This initiative is part of a larger plan to reform and open up capital […]
Change may be coming to the rule that allows drivers to set speed limits.
Rose Hammond has persistently urged local authorities to reduce the speed limit of 55 mph on two-lane roads that run through her community, which includes supportive living spaces, churches, schools, and a busy park frequented by various youth sports leagues. “What’s it going to take, will someone need to get hurt?” the 85-year-old criticized officials […]
China sets limits and cautions foreign buyers about accumulating rare earth supplies.
Concerns Over Rare Earth Stockpiling by Foreign Companies Joshua Ballard, the CEO of USA Rare Earth, recently spoke about the significance of rare earth elements in technological advancements during an appearance on “Claman Countdown.” As China intensifies its restrictions on rare earth storage, it seems to be gaining new leverage over foreign nations. Reports indicate […]
State Department Limits Visas for Foreign Officials Linked to Cuban Doctor Programs Exploiting Slavery
U.S. Imposes Visa Restrictions on Officials Connected to Cuban Healthcare Worker Exploitation The U.S. State Department announced on Wednesday that it has enacted visa restrictions against certain unnamed officials from Grenada and various African nations, as well as members of the Cuban Communist Party. This decision is linked to allegations surrounding the exploitation of Cuban […]
Trump Administration Supports El Salvador in Abolishing Presidential Term Limits
This week, the U.S. State Department refrained from commenting on significant constitutional changes in El Salvador, particularly the removal of presidential term limits. They emphasized the country’s sovereignty and disagreed with comparisons to other dictatorial regimes. In a statement to the Spanish news agency EFE, the State Department responded to reports that El Salvador’s legislative […]
Trump administration limits sports visas for transgender athletes
U.S. Visa Policy Update on Transgender Women in Sports In a recent directive influenced by President Donald Trump, the Department of Homeland Security (DHS) is revising its visa policy to prevent biological males from participating in women’s sports events. The U.S. Citizenship and Immigration Administration announced this change on Monday, stating that transgender women will […]