Author: nick
[ad_1] The very first story on the Drudge Report on both April 23 and 24 was headlined with a quote from Bernard Arnault saying if the Iran war was not quickly settled, it could be a “world catastrophe.” I apparently do not keep up with world business as much as I should, because I did not know that Arnault is one the three richest men in the world along with Elon Musk and Jeff Bezos. They trade first, second and third depending on fluctuating stock prices.Arnault heads a French conglomerate, LVMH, which specializes in luxury brands like Louis Vuitton and…
[ad_1] Medicare Fraud Uncovered in Ohio, Almost Entirely Somalis [ad_2] Source link
[ad_1] Three Cheers for Rudy Giuliani [ad_2] Source link
[ad_1] Since the ceasefire on April 8 and Trump’s apparent capitulation to Iran, it appears the Iranians will levy a toll on all oil passing through the Strait of Hormuz. The details are still unclear, but according to The Hill citing the Financial Times, the Iranian Republic will levy $1 per barrel of oil to be paid in bitcoin on all traffic out of the Persian Gulf. The Iranian government obviously benefits from this, but who actually pays the toll? This question, what is known as tax incidence, is one important point of difference between the Austrian school and mainstream economics that remains…
[ad_1] Manpower is still the most critical battlefield resource in a war. [ad_2] Source link
[ad_1] Trump-Backed Challengers Defeat Indiana Senators [ad_2] Source link
[ad_1] President Donald Trump and his administration have long claimed that he wants to chart a more restrained path for America’s foreign policy. Before the 2024 presidential election, running mate J.D. Vance dubbed Trump the “candidate of peace.” Trump broke with Republican Party orthodoxy during a 2016 presidential debate when he called the war in Iraq “a big, fat mistake.” Yet a decade later, his administration is embroiled in a conflict that looks a lot like the one he decried. The U.S. and Israel launched strikes against several targets in Iran on February 28, killing Ayatollah Ali Khamenei, the country’s supreme leader. Since then, Iran…
[ad_1] Iran claims truce has been violated: The U.S. military reported yesterday that it had destroyed six Iranian small boats (in addition to a handful of drones) as part of “Project Freedom,” President Donald Trump’s new attempt to reopen the Strait of Hormuz to shipping. This effort was at least partially effective: The U.S. Navy began escorting commercial ships through the Strait of Hormuz on Monday, reports The New York Times. “The American military’s Central Command said that two U.S.-flagged commercial ships had passed through the waterway. Maersk, the Danish shipping giant, said Monday that one of its vessels, a carrier…
[ad_1] For decades, the U.S. government has been willing to start wars but not strategically and transparently manage them, consistently misleading its citizenry to justify adventurism abroad. The conduct of the Trump administration in the current war with Iran is no exception. President Donald Trump’s claims of “victory” as the war persists through a blockade and multiple troop surges without a clear win-case highlights how optics designed to mislead dictate Washington’s approach to war today. This war could mark a crucial lesson and potential turning point, however, forcing the nation to come to grips with the real costs of violent…
[ad_1] China has emerged as a “winner” with regard to oil sales. The country has been “aggressively” selling its reserve oil to a world experiencing a shortage and sky-high prices thanks to the United States and Israel’s war with Iran. China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve with a goal to become the world’s largest strategic petroleum reserve when the time arises. That time looks like it could be now. U.S. Begins Blockade of Strait of Hormuz Iranian Official Warns of $200 Oil Prices Amid Escalating Strait of Hormuz Tensions “What has been happening in…