PODCAST: Why This Recession is Different

Escalation On All Fronts As Mediators Say Iran Hasn't Requested Pause On US Energy Strikes Summary No pause from Tehran, war footing deepens: Iran denies requesting Donald Trump’s 10-day halt Escalation on all fronts: IRGC HQ targeted by US-Israsel; Iran signals expansion by naming UAE targets, hitting Kuwait ports and sending drones on Riyadh Israel doubles down amid reports of manpower strain: IDF chief warns of manpower pressure even as Defense Minister Katz vows to "intensify and expand" strikes. Risk rises that Iran is holding back more advanced missiles for a prolonged war: WSJ...

Milei's "Miracle" Faces First Cracks As Argentina's Unemployment Rises Argentina’s much-touted turnaround under Javier Milei may be losing momentum, with fresh labor data pointing to a weakening jobs market, according to Bloomberg. By the end of last year, unemployment had climbed to 7.5%—the highest rate for a fourth quarter since the Covid era—reflecting a deterioration in employment conditions before the government pushed through its landmark labor overhaul. New figures show that joblessness in the formal sector increased for the first time in three quarters, while the share of workers in informal roles...

Biden's FBI Secretly Obtained Kash Patel And Susie Wiles' Phone Records, But NYT Says It's Cool When Special Counsel Jack Smith was investigating Donald Trump and people in his orbit, he ended up surveilling then-private-citizen Kash Patel, and Trump Chief of Staff Susie Wiles during 2022 and 2003. Patel, now head of the FBI, told Reuters on Wednesday that he found out about this, and the FBI buried the files in a "Prohibited" category deep within the bureau's computer system so they would be extremely difficult to find. Getting down to it - the subpoenas targeted metadata...