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Henry Hazlett wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.
Original article: https://mises.org/mises-wire/all-means-elect-mamdani-and-watch-his-socialist-laboratory-work
If nothing changes before the weekend, most of the 42 million people on food stamps, or SNAP, will not get their November benefits as scheduled. The interruption for people who rely on SNAP to buy food would be significant but could also have broader ripple effects across the economy, as SNAP generates jobs, wages, and taxes. Also: the track record of past New York City rent freezes and the likelihood of future rate cuts this year.
President Trump and China's Xi Jinping meet face-to-face. The president orders the Pentagon to restart nuclear weapons testing after more than three decades. New arrests in the Louvre heist. Correspondent Steve Kathan has the CBS World News Roundup for Thursday, October 30, 2025:
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From the BBC World Service: At a long-anticipated meeting, U.S. President Donald Trump met with Chinese President Xi Jinping in South Korea and discussed a possible truce in the trade war. What happens now between the world's two largest economies? Then, thousands of homes and businesses in the Netherlands are waiting to connect to the electricity grid, and thousands more are waiting to inject power back into the system. But the grid is struggling to cope with the transition to green energy.
Plus: President Trump has ordered the Pentagon to begin testing America’s nuclear weapons on “an equal basis” with Russia and China. And, Universal Music settles a copyright dispute with artificial intelligence music generator Udio. Caitlin McCabe hosts.
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A.M. Edition for Oct. 30. President Trump and Chinese leader Xi Jinping emerged from their first face-to-face meeting in six years with a temporary truce in their trade fight. WSJ’s Meridith McGraw explains what the superpowers’ agreement entails. Plus, Trump says the U.S. will begin testing nuclear weapons on an “equal basis” with Russia and China. And, WSJ’s Katherine Clarke details why the Hamptons luxury housing market is staging a comeback for the ages. Caitlin McCabe hosts.
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Shamba Chowdhury got his first computer at an early age. He was the kid that explored every button and every setting, trying to figure out how it all worked. His curiosity exploded when he was 15 and the internet came around. Post that, his first foray into programming came from his love of playing video games. Outside of tech, he loves to read, in particular crime thrillers. He noted that his favorite is A Minute to Midnight by David Baldacci.
Shamba and his co-founder have participated in many hackathons, and they noticed how difficult it was to stitch together ideas, utilizing AI technology. It was at that point they decided to build a no code builder to wire up AI agents together.
This is the creation story of DeForge.
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Hurricane Melissa leaves devastation across the Caribbean as Cuba braces for impact. Israel reinstates a ceasefire after deadly strikes in Gaza. A Chicago judge clamps down on ICE raids. L.A. moves forward with an $800 million hydrogen power project. Putin touts a new nuclear-powered drone. The Dodgers struggle in the World Series. Disney merges Hulu + Live TV with Fubo to expand its streaming reach. And Grindr’s board members offer to take the company private in a $3.5 billion buyout.