Author: kumbhorg

President Trump’s detractors and defenders alike have cast his federal foray into local law enforcement as a revival of “broken windows” policing. But while Americans quarrel over deploying federal troops in city streets, the president has been busy applying a different type of broken windows theory to our nation’s trade policy.  In 1850, French satirist Frédéric Bastiat introduced – and promptly smashed – what economists call the “broken window fallacy.” Bastiat’s parable runs like this. Suppose a roving bandit smashes a shopkeeper’s window. The shopkeeper is devastated – this cruel deed will cost him $1,000. But the local mayor consoles him: “Don’t despair!…

Source: Outlook Business

The chairman of the ICC, Jay Shah, met Lionel Messi during his visit to the subcontinent. Lionel Messi was in India for the GOAT tour, and the ICC chairman Jay Shah honoured him with a special signed bat and an Indian cricket jersey with his name.Lionel Messi, the legendary Argentine footballer, visited India as part of his GOAT tour. He visited and made public appearances for his thousands of fans in India, across different cities during the tour. Messi’s tour started with Kolkata, Hyderabad, and Mumbai, and then finished with Delhi.ICC Chairman Jay Shah meets Lionel Messi during the GOAT…

The hockey world is still buzzing about the Quinn Hughes trade from the Vancouver Canucks to the Minnesota Wild. For those that missed it, the Canucks sent Hughes to the Wild for Marco Rossi, Zeev Buium, Liam Ohgren, and a 2026 first-round pick. But Wild GM Bill Guerin stepped up to the plate because he knew if he missed out on acquiring a player like that, he would regret it, given Minnesota is in a position to win right now. “Because it’s Quinn Hughes,” Guerin told the media in Minnesota. “And I don’t know what the right moment is, but…

Rishi Sunak has said there was no “toolkit” to deal with the economic shock caused by the Covid pandemic.The former Conservative prime minister, who was chancellor during the crisis, told an inquiry there was “not a playbook” to guide how to respond and deal with the economy being ground to a halt due to the lockdown.”We were dealing with something no one had dealt with before,” he said.Sunak added job losses as a result of people being told to stay at home were unavoidable, but said the government was “successful in preventing mass unemployment”.The former PM was giving evidence to…

Pakistan is moving to formalize its place in the global digital-asset economy, signing a memorandum of understanding with Binance to explore the tokenization of up to $2 billion in state-owned assets while granting early regulatory clearances to both Binance and HTX.  Together, the initiatives reflect one of the country’s most ambitious pushes yet to merge sovereign finance with blockchain-based infrastructure. According to Pakistan’s finance ministry, the MoU with Binance will allow the government to assess tokenising sovereign bonds, treasury bills, and commodity reserves — including oil, gas, and metals — as it seeks new tools to boost liquidity and expand…

Paul GlynnCulture reporterInvision/APRob Reiner, the son of the legendary comedian Carl Reiner, was one of Hollywood’s best known filmmakers.As an actor, he became a household name on the 1970s sitcom All in the Family and later appeared as the father of Leonardo DiCaprio’s character in The Wolf of Wall Street.But it was as a director that he’ll be best remembered. He made a string of classic films across a range of genres, including the cult mockumentary This Is Spinal Tap, When Harry Met Sally and A Few Good Men, as well as The Princess Bride, Stand By Me and Misery.Here’s…

India’s Shubman Gill (AP Photo/Ashwini Bhatia) With just seven T20Is remaining before India’s campaign at the T20 World Cup begins on February 7, Shubman Gill’s recent slump with the bat has put the team management in a tricky spot. The India vice-captain, who returned to the T20 side after missing the ODI series against South Africa due to a neck injury, has struggled to make an impact, posting scores of 4, 0, and 28 not out in his latest outings. Meanwhile, Sanju Samson remains on the bench, intensifying debates over the best team combination ahead of the World Cup. Former…

Bombay High Court recruitment 2025 The High Court of Judicature at Bombay has officially commenced registration for its 2025 recruitment, offering 2,381 vacancies across key posts including Clerks, Stenographers, Drivers, and Peons/Hamals/Farash. The recruitment aims to fill positions at the Principal Seat in Mumbai and the Benches at Nagpur and Aurangabad. Aspirants can apply online from December 15, 2025, with the last date for submission set at January 5, 2026.Selection will be based on a combination of written exams, skill tests, and document verification depending on the post. This recruitment presents an opportunity for graduates, as well as class 10…

As the new week begins, crypto news today continues to cause fear and uncertainty in the market, with Bitcoin dropping -0.8% overnight and losing its crucial $90,000 support level. The fear and greed index remains firmly in the ‘extreme fear’ zone at 16, as traders continue to lose hope amid this longstanding bearish price action. According to CoinGlass data, over $293M in leveraged positions has been wiped out over the last 24 hours, with $231M from long trades and $62M from short trades. This indicates bears are in control, but bulls remain optimistic and are still attempting to go long…