Recession Signal As Consumers Struggle To Pay Bills

Rare Local Ceasefire In Ukraine At Zaporizhzhia Nuclear Plant For Urgent Repairs The International Atomic Energy Agency (IAEA) confirmed in a Friday announcement that a local ceasefire between Ukraine and Russia is in effect around the Zaporizhzhia Nuclear Power Plant to urgently allow crews to restore the facility's backup power supply. In a local, mutual agreement along the front lines, the UN nuclear watchdog confirmed both sides agreed to halt fighting in the area to enable work on the damaged line. This is a rare ceasefire moment, even if very localized...

Putin Issues Some Frank Thoughts On 'Unpredictable' Iran War Russian President Vladimir Putin on Thursday delivered some rare, wide-ranging and frank commentary on the US-Israeli war against Iran. He compared the war and the Hormuz Strait closure, and subsequent impact on global energy, to the massive widescale impact of the Covid-19 pandemic. But he also stated that outcomes to the war are at this point too hard to predict. via ZUMA press The conflict, Putin explained, is now resulting in significant damage to international logistics, production and supply chains while putting intense pressure...

Bigger Isn't Better: A Case For Downsizing The Federal Reserve Authored by via Paul Mueller via the American Institute for Economic Research (AIER), President Trump’s conflicts with Federal Reserve Chairman Jerome Powell and with Board of Governors member Lisa Cook have obscured real shortcomings at the Federal Reserve and brought little useful change. These conflicts tend to focus on whether the Fed’s target interest rate is too high or too low. Meanwhile, institutional problems at the Fed have been largely overlooked. But there is an opportunity here with Trump’s nominee for Fed chair, Kevin...