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International

Argentina’s new President Javier Milei and his plans to fix a broken economy

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From StosselTV

Argentina’s new president, Javier Milei, understands that the government cannot create wealth. That’s why Milei campaigned with a chainsaw, saying he would cut the size and power of government.

In the United States, attempts to shrink government haven’t gone far, but in Argentina, Milei won by a massive 3 million votes. In just the first month of his presidency, Milei repealed rent and price controls and eliminated trade restrictions.

Daniel Di Martino, founder of www.dissidentproject.org, who escaped Venezuela and became an economist in America, says it’s impressive that Milei won by promising massive cuts.

This video covers a little of what Milei has rapidly accomplished.

 

After 40+ years of reporting, I now understand the importance of limited government and personal freedom. Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.

Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.

Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe

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International

Elon Musk forms America Party after split with Trump

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Elon Musk announced Saturday he is forming the “America Party,” claiming it will challenge what he calls the “one-party system” in Washington. The move follows his public split with President Trump and appears aimed at targeting Republicans who supported the president’s domestic agenda.

Key Details:

  • Musk announced the America Party on X, declaring that Americans are living under a “one-party system” and need a new political alternative.
  • The launch followed his criticism of Trump’s One Big Beautiful Bill.
  • On Independence Day, Musk posted a poll asking if Americans wanted “independence from the two-party (some would say uniparty) system,” which he cited as support for forming the party.

Diving Deeper:

Elon Musk formally announced the launch of his new political outfit — the “America Party” — on Saturday, marking a new chapter in his increasingly public clash with Republican leadership.

“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk wrote on his platform, X. “Today, the America Party is formed to give you back your freedom.”

The announcement comes as tensions between Musk and President Trump have escalated. While Musk previously worked closely with the administration as head of the Department of Government Efficiency, the relationship has deteriorated in the wake of Trump’s push for the One Big Beautiful Bill, a major domestic package that Musk now openly criticizes.

In a series of recent posts, Musk vowed to help primary Republican lawmakers who backed the bill. “They will lose their primary next year if it is the last thing I do on this Earth,” he posted earlier this week.

He’s offered few specifics beyond that, other than suggesting the party will “laser-focus” on a handful of Senate and House races in 2026. So far, there’s been no indication of a formal party structure, candidate recruitment, or funding plan.

Critics were quick to compare Musk’s move to Ross Perot’s 1992 presidential bid, which many credit with splitting the conservative vote and aiding Bill Clinton’s election. “You are pulling a Ross Perot, and I don’t like it,” one user reportedly responded on X.

Meanwhile, Trump has reportedly explored options to retaliate. According to multiple reports, the president has discussed whether to revoke federal contracts connected to Musk’s companies and even floated questions about his citizenship. “We’ll have to take a look,” Trump told reporters when asked directly.

While it’s too early to tell whether the America Party will amount to more than a personal platform, the political message is clear: Musk is now openly working against Republicans he once aligned with, and doing so under his own banner.

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Disaster

Texas flood kills 43 including children at Christian camp

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Flash flooding in Kerr County, Texas has left at least 43 people dead—including 15 children—after a wall of water tore through camps and neighborhoods along the Guadalupe River. Among the victims were young girls attending a Christian summer camp, as families grieve and recovery efforts intensify.

Key Details:

  • Officials confirmed Saturday that 43 people have died—28 adults and 15 children—following early Friday morning floods in Kerr County. Seventeen victims remain unidentified.
  • Four young girls who died—ages 8 and 9—were attending Camp Mystic, a nearly 100-year-old Christian summer camp for girls. Dozens of campers were briefly unaccounted for.
  • The camp’s director, Dick Eastland, was among the dead after reportedly racing to a cabin in an effort to save girls trapped in rising waters. Another local camp director also died.

Diving Deeper:

Texas is reeling from one of the deadliest flash floods in recent memory, with at least 43 confirmed dead—including 15 children—after floodwaters surged through Kerr County early Friday morning. Officials said 12 adults and five children have yet to be identified.

Much of the devastation centered around the historic Camp Mystic, a Christian summer camp for girls situated along the Guadalupe River, where dozens of campers were swept up in the flood. Family members have since confirmed that four of the victims—8-year-olds Renee Smajstrla and Sarah Marsh, and 9-year-olds Janie Hunt and Lila Bonner—had been attending the camp.

Renee’s uncle reportedly wrote on Facebook that she was “living her best life at Camp Mystic.” Sarah’s family shared that the Alabama girl was “a spunky ray of light,” while Lila’s relatives described their pain as “unimaginable.”

The camp’s longtime director, Dick Eastland, died heroically while trying to rescue girls from a cabin as waters rushed through the grounds. Another director, Jane Ragsdale of the nearby Heart O’ the Hills Camp, was also killed. Though her camp wasn’t in session, she was on the property when the flood struck.

Camp Mystic, which serves hundreds of girls each summer, was left in ruins. “The camp was completely destroyed,” said 13-year-old Elinor Lester, who was among those rescued. Photos show cabins torn open, trees ripped from the ground, and bunk beds submerged nearly to the top by river water.

As many as 27 girls at the camp were swept up by the flooding, but several have since been reunited with their families. Ashley Flack, whose daughter attended Mystic, said Saturday, “There are lots of families missing, children and friends… Our daughter is safe. Our son is safe. The operation to get the girl camp out did a good job.”

Rescue missions pulled at least 858 people to safety, and eight were reported injured. Officials noted that while other nearby camps were also impacted, those campers have been accounted for and are awaiting evacuation as crews work to repair damaged roads.

Texas Governor Greg Abbott expanded a disaster declaration on Saturday to include 21 counties. More than 1,000 state personnel and 800 vehicles are assisting in rescue and recovery, while FEMA, the Texas National Guard, and Coast Guard aircraft have been deployed to aid in the search.

President Trump posted on Truth Social Saturday, saying: “Melania and I are praying for all of the families impacted by this horrible tragedy. Our Brave First Responders are on site doing what they do best. GOD BLESS THE FAMILIES, AND GOD BLESS TEXAS!”

Forecasters say more rain could fall over the next 48 hours, raising the risk of additional flooding across Central Texas. The Guadalupe River last saw similar tragedy in 1987, when 10 teenagers died after a church bus was swept away.

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