A tale of two worlds

Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock Submitted by Thomas Kolbe Politics has established a new routine. Right at 12 noon, prices at German gas stations now rise day after day. The government’s pricing decree, a hastily assembled mechanism, acts like an accelerant in an already dramatically strained fuel supply situation. Anyone with rudimentary economic understanding already knew that this form of price regulation would amount to political posturing with fatal consequences. The market is reacting as expected. Gas station operators anticipate general price increases and indirectly...

Navy Abandons USS Boise Overhaul After 11 Years And $800 Million Spent The U.S. Navy has finally thrown in the towel on the Los Angeles-class attack submarine USS Boise (SSN-764). After more than eleven years pierside and roughly $800 million poured into a repair effort that never really started, the service announced that the 34-year-old boat will be inactivated rather than returned to the fleet. The decision comes as the Navy shifts focus to Virginia- and Columbia-class construction, yet one has to wonder why those same priorities could not have been...