A tale of two worlds

Trump Declares Hormuz 'Never Again' Closed By Iranians, State Media Quickly Calls BS In New Threat Summary Trump Praises Iran for Fully Reopening Hormuz Chokepoint; Crude Tanks, Yields Dump, Equity Futs Up; Follows by claiming Iran will 'never again' close it; FARS soon after contradicts in fresh threat. Iran's Aragchi says "Strait of Hormuz is declared completely open". However, Iranian official tells FARS: "If the maritime blockade continues, it will be considered a violation of the ceasefire, & the Strait of Hormuz transit route will be closed." US mulls cash-for-uranium deal as 'three-page'...

Iran's Economy Is In Shambles As War Takes Its Toll Despite the bluster from Iranian officials on social media, it should come as no surprise that the country is not doing well economically. From the beginning of the conflict to current day, Iran has been dealt an estimated $270 billion to $300 billion in total damage due to a steady barrage of strikes, including numerous infrastructure targets from bridges, highways, railways, airports, etc.  The three-month-long US blockade on Iran's oil exports have also taken a toll, with national oil output dropping...

Europe Bets On Newsom To Reverse Trump's America - And Save Its Own Model Submitted by Thomas Kolbe America remains a country of high social mobility and upward opportunity—something we no longer see on today’s European continent. It may sound kitschy to many Europeans, yet its vibrant economic centers, high geographic mobility, and the flexibility of its people still create the conditions for this unique phenomenon. Admittedly, the narrative of the “land of unlimited opportunity” may sound exaggerated today—something akin to self-promotion. Yet at its core, it still holds true. Can...