Subsidizing Higher Education Is Not Creating Widespread External Benefits

Iranian media reported on Sunday that Ayatollah Mojtaba Khamenei, the son of Ayatollah Ali Khamenei, who was killed on February 28, has been selected by Iran’s Assembly of Experts as the new supreme leader of the country. The younger Khamenei is 56 years old and is said to have close ties to Iran’s Islamic Revolutionary […]

These Seven Allies Concocted A 'Hormuz Coalition' Statement To Placate Trump, Which Failed We reported earlier that President Trump has again expressed his extreme frustration at lack of direct NATO participation in a plan to open up the Strait of Hormuz. He declared the US has "militarily WON" - and lambasted lack of allied interest in a "simple military maneuver" to open the Strait of Hormuz, calling NATO a "Paper Tiger" without the US. And so clearly Trump himself is unconvinced after on Thursday seven allied nations signed a statement expressing a readiness to contribute to...

WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release. "Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist. And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices. API Crude -1.7mm (+1.1mm exp) Cushing Gasoline -1.8mm Distillates -2.3mm DOE Crude +3.82mm (+1.1mm...