What Caused the Collapse of Silicon Valley Bank?

Air Freight Rates To Spike As Iran War Escalates By Eric Kulisch of FreightWaves The war launched by the United States and Israel against Iran on Saturday is already disrupting air cargo traffic in the Middle East, a key freight corridor between Asia and Europe where two of the world’s largest cargo airlines are based, and raising the potential for a rise in air freight rates.  Airlines are suspending flights, rerouting traffic around the conflict zone and unable to use key transload hubs in Dubai, Abu Dhabi and Qatar because of retaliatory...

Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on Monday evening. On Sunday, a senior advisor to Iranian Supreme Leader Mojtaba Khamenei warned that Iran has "large, untouched levers" to respond to such a blockade.  Perhaps ominously, Bab el-Mandeb translates to "Gate of Tears" (map via...

Medicaid Withholds Additional $91 Million In Funding For Minnesota Authored by Janice Hisle via The Epoch Times, In his latest action targeting Minnesota fraud, Dr. Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, said his agency would delay paying $91 million in Medicaid claims to the state. “This is about protecting patients and respecting taxpayers,” Oz said in a video posted April 30 on X, announcing the decision. The money being withheld includes “$76 million tied to 14 service categories highly vulnerable to fraud,” Oz wrote on X. The remaining...