What Causes Stagflation?

VDH: Our New Ungracious Immigrants Authored by Victor Davis Hanson via American Greatness, The Traditional Immigrant Silicon Valley was energized by legal immigrants from all over the world who founded eBay, Google, Nvidia, SpaceX, Stripe, Sun Microsystems, Tesla, Yahoo, and a host of others. The Greek American Elia Kazan’s 1963 film America, America is a fictional account based on the Herculean struggle of the director’s uncle to immigrate to the United States from an impoverished and hostile Turkish Anatolia. The film summed up Americans’ traditional view of immigrants: They had risked everything for the chance to...

Iran Bats Down 'Baseless' Trump Claim On Handing Over Enriched Uranium To US, As He Declares Hormuz 'Never Again' Closed 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...

US May Deploy Hypersonic Missiles Against Iran As Centcom Set To Brief Trump On New Military Options US Central Command has asked to send the Army’s long-delayed Dark Eagle hypersonic missile to the Middle East for possible use against Iran, seeking a longer-range system to hit ballistic-missile launchers deep inside the country Bloomberg reports.  If approved, this would mark the first time the US will have deployed its hypersonic missile, which is running far behind schedule and hasn’t been declared fully operational even as Russia and China have deployed their own...