Letter from Google CEO to Employees: 12,000 jobs to be cut

Israeli opposition leader and former Prime Minister Yair Lapid backed the idea of Israel’s “biblical borders” when asked about the US Ambassador to Israel Mike Huckabee’s belief that Israel had the divine right to take over all the land between the Nile and Euphrates rivers. “I support anything that will allow the Jews a large, […]

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

Russia Warns 'Vulnerable' Finland As It Moves To Lift Ban On Hosting NATO Nukes The last thing the world needs at this moment of raging war in Iran and the Persian Gulf region is another round of nuclear saber-rattling related to that other raging hotspot - the Ukraine conflict, but that's precisely what is happening again this week. The Kremlin is warning that Russia could respond if Finland moves forward with plans to scrap its longstanding ban on the transit and storage of nuclear weapons, framing the proposal as a direct...