Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

LARRY KUDLOW: America’s free enterprise keeps on winning, and the facts speak for themselves

Published

on

LARRY KUDLOW: America’s free enterprise keeps on winning, and the facts speak for themselves

Throughout the July 4th 250 weekend, President Trump’s speeches, especially at Mount Rushmore and the National Mall, really made two key points. One was the greatness of America, the home of Freedom, the land of liberty, a country whose founding creed was that its citizens receive their rights from God our creator. 

Hence some of the greatest words in history: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

Advertisement

Here’s the president at the National Mall on Saturday: “This country is the home of freedom. This is the land of liberty.” He added: “we’re celebrating freedom’s triumph over tyranny. Liberty’s conquest over oppression, and the enduring victory of the American spirit.”

Another of his key themes this weekend is that we will never let socialism or communism take over this country. Here’s the president on that: “The entire world has been on notice that Americans will never let anyone take our freedom away. Won’t happen. And all these talks from the communists, they haven’t got a chance.” Mr. Trump added that “communism is a loser, and it always will be, calling it “a mortal threat to American liberty. It is the greatest threat to our country, including World War I, World War II, Pearl Harbor, or even 9/11. We’re not going to let this happen to us.”

These are universal themes that span from the American founding all the way to the present 250th anniversary. Yet I would bet that these would also be important campaign themes for the upcoming midterm elections.

The Democratic party has badly boxed itself in by accepting this wave of antisemitic socialism and communism launched by the anti-American mayor of New York, Zohran Mamdani, and AOC and her growing contingent of radicals. The Democrats are going to be stuck with this come November.  

The party leaders have caved into antisemitism and socialism and perhaps communism which knows no bounds, whatever you want to call it, it is surely not freedom and free enterprise. If you need any proof of that besides the collapse of the old Soviet Union, and the current collapse of communist Cuba, here’s one of my favorite stats: per-person gross domestic product in America is slightly over $90,000. Per person GDP in authoritarian statist Communist China, it’s slightly less than $14,000.

America has grown over the past several 100 years by nearly 3.5 percent adjusted for inflation. No country can possibly match that record. And meanwhile, just reading some of our leading economists and what they are saying, people like Kevin Hassett in the White House, or Ed Yardeni, Ed Hyman, Jason Trennert on Wall Street and many others, think of this: real GDP will hit an all-time record high this year. Not even the Covid lockdown could stop it.

Stocks are soaring. Profits and productivity are breaking records, business is booming, consumers are spending, household net worth is a staggering $170 trillion and on and on. Communism is a complete failure. Just look at the numbers. Free enterprise is the greatest prosperity machine raising living standards to unbelievable heights that history has ever seen. And that’s why America keeps on winning.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

71% of Gamers Say They’re Not Ready to Let Physical Games Die as PlayStation and Xbox Go Fully Digital

Published

on

The New York Times Connections

A new survey suggests the majority of gamers remain deeply attached to physical game discs, even as both PlayStation and Xbox move decisively toward all-digital futures for their next generation of releases.

According to a reader poll conducted by Windows Central, 71 percent of the 1,577 respondents said they will miss buying physical games, while only 13 percent said they were happy to embrace a fully digital future. The remaining respondents expressed more neutral or mixed views on the shift. The results reflect a wave of consumer pushback that has followed Sony’s announcement earlier this month that it will end production of physical game discs for new PlayStation titles starting in January 2028.

Sony confirmed the change in a post on the PlayStation Blog, stating that physical game disc production for all new games releasing on PlayStation consoles will be discontinued starting in January 2028, after which new titles will be available only through the PlayStation Store or at retailers in digital format. The company framed the decision as a response to shifting consumer habits, writing that the move represents “a natural direction for Sony Interactive Entertainment to adapt to consumer trends as the general preference for digital media significantly outpaces physical discs.” Sony added that the shift is intended to align the company more closely with how most of its player base already accesses and plays games.

The announcement does not affect games that have already been released, or that will be released, on disc prior to the January 2028 cutoff. Existing physical libraries and previously purchased titles will remain playable, according to Sony’s statement. The company also disclosed plans to shut down the PlayStation Store on the PlayStation 3 in select markets later this year, with global closures of the PS3 and PlayStation Vita digital stores expected to follow in the coming year, a move that will prevent players from purchasing new digital content on those older systems going forward.

Advertisement

Industry data cited alongside the announcement suggests the shift toward digital purchasing has been underway for some time. Sony has reported to investors in recent years that a growing share of PlayStation game purchases are made digitally rather than on disc, with recent figures indicating that nearly four out of five full-game purchases on PlayStation 4 and PlayStation 5 over the past year were made digitally. Some industry estimates have placed that figure as high as 80 to 85 percent of total game sales.

The timing of Sony’s announcement drew additional attention because it came just days after Rockstar Games, the studio behind the long-awaited title “Grand Theft Auto 6,” confirmed that its physical retail edition would include only a digital download code inside the box rather than an actual game disc. That decision had already frustrated a segment of players who continue to place value on collecting physical editions of major game releases, and it appeared to foreshadow the broader industry shift Sony would formalize shortly afterward.

Xbox has signaled a similar trajectory, though it has not yet made as sweeping a public announcement as Sony’s. Reports from The Verge indicate that employees within Microsoft’s gaming division have begun testing a new disc-to-digital feature, known internally as Xbox Positron, that would allow players to digitize existing physical game collections for the Xbox One and Xbox Series X and S consoles. Additional reporting has suggested that Microsoft’s next-generation console effort, referred to as Project Helix, is also expected to drop a physical disc drive entirely, mirroring the direction Sony has now made official.

Reaction to Sony’s announcement has been largely critical among longtime gaming communities and industry commentators. Writing for Forbes, contributor Paul Tassi described the move as inevitable from an industry-trend standpoint, but argued it does little to benefit consumers, since it eliminates the option to purchase games physically altogether. Tassi also connected the decision to broader concerns about digital ownership, noting that Sony itself has previously removed previously purchased movies from its platforms due to licensing disputes, a pattern he said illustrates the risks associated with fully digital game libraries. He further raised concerns about the implications for game preservation efforts, which have historically relied heavily on physical copies to keep older titles accessible and playable over time.

Advertisement

Community response to the Windows Central poll echoed many of these same concerns. Readers who responded pointed to the loss of resale value, the inability to lend or gift physical copies to friends, and skepticism about whether eliminating discs would result in any meaningful cost savings passed on to consumers. Some commenters described the shift as part of a broader pattern across industries, comparing it to earlier transitions away from physical ownership in the music and film sectors. Notably, physical media has not disappeared everywhere: vinyl record sales have continued to grow in recent years, surpassing $1 billion in annual sales for the first time since 1983, according to industry figures, even as digital streaming has dominated the broader music business.

The broader home entertainment industry has followed a similar arc in recent years. Netflix wound down its DVD-by-mail rental business in 2023, marking the end of another major physical media distribution model. Sony’s decision to phase out PlayStation discs follows that same general trajectory, though the scale of the shift is notable given that PlayStation itself played a foundational role in popularizing the disc format for home gaming consoles following its debut in 1994.

The announcement has also raised questions about what the shift might mean for future PlayStation hardware, including the next-generation PlayStation console, which some industry observers do not expect to arrive for several more years. Whether that future console will include a disc drive at all remains unclear, though Sony’s current guidance suggests physical media support for new titles will effectively end well before any next-generation hardware reaches the market.

For now, players hoping to continue purchasing physical copies of new games have a window of roughly a year and a half before Sony’s cutoff takes effect in January 2028. Whatever changes follow on the Xbox side, the survey results suggest that a clear majority of gamers remain unconvinced that a fully digital future represents an improvement over the physical ownership model that has defined console gaming for more than three decades.

Advertisement
Continue Reading

Business

PM heads to the Solomon Islands after Fiji breakthrough

Published

on

PM heads to the Solomon Islands after Fiji breakthrough

Anthony Albanese will make a quick dash to the Solomon Islands to participate in the nation’s independence day celebrations after securing a key pact with Fiji.

Continue Reading

Business

CoreWeave: Downgrading On Increased Hyperscaler Competition

Published

on

Credo: The AI Connectivity Winner Emerges

CoreWeave: Downgrading On Increased Hyperscaler Competition

Continue Reading

Business

Harry Kane Shines at World Cup 2026 as Son Heung-min and South Korea Suffer Historic Group Stage Exit

Published

on

Son Heung-min's South Korea will play under a second caretaker coach next month

The 2026 FIFA World Cup has produced a striking contrast between two of Asian and European football’s most recognizable attacking stars, with England captain Harry Kane thriving on the tournament’s biggest stage while South Korea captain Son Heung-min endures one of the most difficult chapters of his international career.

Kane has been central to England’s run to the quarterfinals, scoring five goals through the Round of 16 and cementing his place among the tournament’s most productive forwards. His tally includes a brace in England’s dramatic 3-2 win over co-host Mexico at Estadio Azteca and a decisive two-goal performance in a comeback victory over DR Congo. Along the way, Kane surpassed Gary Lineker to become England’s all-time leading World Cup scorer, adding to a resume that already includes the Golden Boot he won at the 2018 tournament in Russia. Teammates and observers have continued to praise his form throughout the competition. Barcelona forward Anthony Gordon, speaking about his England teammate, described Kane in glowing terms as a player capable of contending for the sport’s top individual honor.

Statistical comparisons between Kane and Son this season have also tended to favor the England captain across several measures, including aerial duel success, shots on target and overall attacking output, reflecting Kane’s continued prolific scoring form for both club and country. Kane’s underlying numbers, including his expected threat and involvement in scoring chances, have remained among the strongest of any forward at Bayern Munich and with the England national team over the past year.

Son’s tournament, by contrast, unfolded very differently. South Korea entered the World Cup hoping to advance deep into the newly expanded 48-team format, but the team finished third in Group A with a single win in three matches, missing out on the knockout stage entirely. The result marked South Korea’s worst-ever World Cup finish, placing the team 34th overall, two spots below the lowest possible finish under the tournament’s previous 32-team format.

Advertisement

Son’s individual form struggled alongside the team’s broader difficulties. He was substituted in the second half of matches against both Czechia and Mexico after missing scoring opportunities, and then, in a move that stunned South Korean fans, head coach Hong Myung-bo dropped Son entirely from the starting lineup for the team’s decisive final group match against South Africa, the first time Son had not started a World Cup match for South Korea since before his international debut in 2010. South Korea lost that match 1-0, eliminating the team from contention. Hong later explained his rationale for repeatedly substituting or benching his captain, pointing to a prior instance in which a substitute scored the winning goal after Son was withdrawn. He acknowledged that the same gamble did not work a second time.

The fallout from South Korea’s early exit extended well beyond the pitch. South Korean President Lee Jae Myung ordered an investigation into the team’s performance, citing the significant public funding invested in the World Cup campaign and expressing regret over what he described as the disappointment felt by the public. Hong Myung-bo announced his resignation shortly after the tournament concluded, taking responsibility for the team’s performance despite having a contract that extended through the 2027 AFC Asian Cup.

Son took to social media to address the team’s supporters directly, writing that he felt he could not adequately convey his sorrow with a simple apology. He described the disappointment as difficult to put into words, saying the dream stage he had long spoken about had collapsed and that accepting the outcome remained difficult. In a separate public statement following renewed scrutiny from South Korea’s government, Son also asked fans to direct their support toward his teammates rather than continued criticism, saying he felt a deep sense of responsibility for not repaying the support the team had received. He added that he would work to earn back the trust of supporters and vowed to keep fighting to bring joy back to South Korean fans.

Despite the disappointing tournament, Son received a notably warm reception from fans upon his return to South Korea, a contrast to the jeers directed at Hong Myung-bo the day before. Supporters gathered at Incheon International Airport wearing jerseys and holding signs of encouragement for Son and his teammates, signaling continued public affection for the longtime captain even amid the team’s historic underperformance.

Advertisement

Comparing Kane and Son directly raises a familiar challenge in evaluating any two players from different eras, leagues and international contexts. Kane’s role as England’s talisman has been reinforced by his continued scoring prowess at a major tournament where his team remains alive in the competition, while Son’s legacy has long been built on a decade of individual brilliance for both Tottenham Hotspur and South Korea, including guiding his country to the Asian Cup final in previous years and winning the Premier League Golden Boot in 2022 as a joint winner. Whether one is definitively “better” than the other ultimately depends on the criteria used, whether that involves current tournament form, career achievements, leadership under pressure or long-term impact on the sport in their respective countries.

What is clear is that the 2026 World Cup has, for now, sharpened the contrast between the two forwards’ current trajectories. Kane continues to push for a deep run with England and remains in contention for the tournament’s Golden Boot, sitting just two goals behind the current three-way leaders. Son, meanwhile, has returned home to a period of reflection and rebuilding for South Korean football following the nation’s most disappointing World Cup showing to date. As the tournament progresses toward its quarterfinal and semifinal stages, Kane’s continued performances are likely to keep shaping the conversation around his standing among the game’s elite forwards, even as debate over comparisons to players like Son remains, as with most such discussions in football, a matter of perspective rather than settled fact.

Continue Reading

Business

Lennar: Incentives Are Finally Better, But Demand Still Needs Work (NYSE:LEN)

Published

on

Lennar: Incentives Are Finally Better, But Demand Still Needs Work (NYSE:LEN)

This article was written by

I’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, reinvestment runway, and management quality—and how those factors translate into long-term free cash flow generation and shareholder value creation. I focus on fundamental research, and I tend to focus on sectors with strong secular tailwinds. Professionally, I am a self-educated investor that started this journey 10 years ago. Currently, I am managing my own funds, seeded from friends and family. My motivation for writing on Seeking Alpha is to share investment insights, and also at the same garner feedback from fellow investors in this site. My aim is to help readers focus on what truly drives long-term equity value. I believe good analysis should be both analytical and accessible, and I hope my work adds value to readers looking for high-quality, long-term investment opportunities.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Can China repeat its EV success with robotaxis?

Published

on

WeRide Robotaxi in Beijing

Chinese companies are expanding globally, and fast. Their biggest commercial competitors are in the US.

Waymo, Alphabet’s robotaxi business, remains the commercial leader, operating paid driverless services in several US cities. Amazon-owned Zoox and Tesla are expanding more cautiously, while Uber has abandoned the development of its own autonomous vehicles, which had been marred by a fatal accident in 2018.

Uber, and its ride-hailing rival Lyft, are now partnering with Chinese firms.

That gives them automatic “access to millions of customers that they wouldn’t have if they created their own app,” says Tu Le, founder of consultancy Sino Auto Insights.

Advertisement

“Through these partnerships, they’re able to commercialise and broaden their scope.”

Although Chinese companies are able to manufacture cheaply, Waymo has spent years building expertise in customer service and the app technology.

“Having experienced Waymo and the WeRides and the Ponys… I would have to say the user experience for Waymo is much better than all the other competitors. I feel like Waymo is really becoming a standard mode of transportation for California,” says Tu Le.

Perceptions also differ across markets.

Advertisement

In the US, unions have warned robotaxis could displace taxi, delivery and freight drivers.

China’s policymakers present automation as a remedy for its shrinking workforce but government censorship of dissenting voices makes it difficult to gauge opinions in the wider population.

President Xi Jinping has promoted AI and robotics as part of China’s drive to develop “new quality productive forces” – that will create jobs and boost economic growth.

And so there are incentives and impetus for companies to invest in the technology and expand.

Advertisement

One of the industry’s arguments is that autonomous vehicles could improve mobility for people who cannot easily drive themselves.

“If we can bring the cost down for a robotaxi ride so that it’s as cheap – or maybe even cheaper – than hailing an Uber with a normal driver, then it really helps broaden mobility,” Le says. “Elderly folks, folks that are disabled – these robotaxis really allow them a lot more ability to travel.”

Continue Reading

Business

Longest stretch of weak growth since 1990s forecast

Published

on

Longest stretch of weak growth since 1990s forecast

Australia’s economy is set to grow below two per cent for the longest period since the early 1990s, exposing a malaise long masked by population growth, a report has warned.

Continue Reading

Business

Phone contract comparisons ‘amounted to mis-selling’ student loans, MPs say

Published

on

Students sit at desks with laptops in a bright classroom or lecture space. Several people are facing forward as if listening to a lesson, with large windows letting in daylight behind them.

Comparing student loan repayments to phone contracts or cinema tickets “amounted to mis-selling” by government, a group of MPs has said.

In a new report, the Treasury Committee also said students were not told clearly enough loan terms could change retrospectively, and called for a U-turn on the decision to freeze the income threshold at which some graduates start repaying their loans.

Last year, Chancellor Rachel Reeves said the repayment threshold for students with Plan 2 loans would be frozen at £29,385 between 2027 and 2030, instead of rising with inflation.

Both the government and Student Loans Company said the committee had made “an important contribution” to the student finance debate.

Advertisement

A spokesperson for the Student Loans Company said they “recognise the importance of ensuring that students and borrowers across all repayment plans have access to clear, accurate and timely information about student finance”.

A government spokesperson said ministers were “already taking decisive action” and would “continue to look for ways to make the system fairer for students, graduates and taxpayers in a financially sustainable way”.

Plan 2 loans were taken out by students in England between September 2012 and July 2023, and are still issued in Wales. Graduates automatically pay back what they earn above the repayment threshold at a rate of 9%.

Freezing that threshold means graduates start repaying their loans sooner, or pay more as their salaries increase with inflation while the threshold remains the same.

Advertisement

The committee’s report referenced a BBC investigation which found the government compared student loan repayments to £30-a-month phone contracts in promotional presentations to teenagers a decade ago.

As this was “inaccurate for higher earners”, that “amounted to mis-selling”, the report said.

The committee noted that while the government’s student loan policies were exempt from consumer protection laws, it expected the government “to comply with not only the law, but basic fairness and common decency”.

Advertisement
Continue Reading

Business

Banks accused of failing most vulnerable customers

Published

on

Woman wearing a beige puffer coat holds a debit card while standing in front of an ATM.

Some of the UK’s biggest banks have been failing their most vulnerable customers, according to the financial regulator.

Banks have been pushing homeless people or those in financial hardship towards unsuitable online applications and away from basic bank accounts.

These accounts are free, do not include an overdraft facility, and provide essential banking for those unable to open a mainstream account.

Now, the nine UK banks and building societies which operate basic bank accounts have agreed to demands from the Financial Conduct Authority (FCA) to make access more straightforward.

Advertisement

Basic bank accounts have many of the same functions as a regular current account, but are designed for those who might otherwise be excluded from the banking system. More than four million people in the UK have these accounts.

They are offered by Barclays, The Co-operative Bank, HSBC, Lloyds Banking Group (including the Halifax and Bank of Scotland brands), Nationwide Building Society, NatWest (including the RBS and Ulster Bank brands), Santander, TSB and Virgin Money.

Features include:

  • accepting payments such as wages and benefits, and allowing account-holders to make payments through debit cards, direct debits and standing orders

  • free, but with no overdraft facility

  • available to those who have a bad credit history, are bankrupt or have an official debt recovery plan

  • some access for homeless people, by working with charities to confirm someone’s identity

But a mystery shopping exercise by the FCA rated a third of experiences with basic bank accounts as poor or very poor.

Advertisement

The exercise covered 298 interactions across branches and by telephone, and rated 28% of cases as good or very good, 38% as fair, 20% as poor and 14% as very poor.

Problems included failing to offer these accounts to people who needed them, particularly those with no fixed address.

Some pushed customers in vulnerable circumstances towards online applications to open an account unsuitable for their needs.

Advertisement
Continue Reading

Business

‘I wear it on my middle finger’: The rise of the defiant divorce ring

Published

on

A close up of a young woman smiling broadly and holding her hand up in front of  her. She has a ring on her middle finger with a sapphire and diamond.

Shimmering on Deb Marino’s finger are diamonds set in an eye-catching gold ring.

“Of course it’s a middle finger ring, because, why not?” the Florida-based blogger says on her Tiktok feed.

Getting rid of her engagement ring would have suggested a regret the 34-year-old doesn’t feel – after all, her marriage brought her daughter. Even just not wearing it would have felt like a waste.

“I didn’t want it locked away in a box,” she says. “Diamonds are precious.”

Advertisement

Plus she does sometimes feel like sticking one finger up after the break-up of her marriage.

Deb is part of a rising trend promoted by jewellers around the world of women marking a new chapter in their life with a new statement piece: the divorce ring.

Deb had the diamond from her engagement ring set at one end of an open circle and added a new sapphire to represent her daughter to the other end. It cost $3,000 (£2,245).

It’s a sizeable sum to part with when divorces can be expensive.

Advertisement

Ring resale values tend to be only around 30% of the original price so for many the trend of giving their old jewellery a new life feels a better investment.

And Deb’s middle finger statement fits right in with what the fashion pages are calling this year’s “hot divorcee summer” – a celebration of liberated glamour and a “don’t care energy”.

Divorce rings can also be a way of marking a kind of financial liberation, says Kate Daly, co-founder of Amicable, a UK company offering mediated divorce services.

“Your whole life gets thrown up in the air,” she says. “Your finances are under extreme pressure.”

Advertisement

If at that point a woman decides to buy a new ring it’s a sign that she is making her own financial decisions and “not needing to ask permission from anyone,” says Daly.

“It’s very easy to trivialise, but maybe that’s the first big spending decision you’ve made in a very long time, and certainly perhaps the biggest one you’ve made solo for a long time.”

Continue Reading

Trending

Copyright © 2025