Fool’s Gold: The Art of the Steal and the Privatization of the Presidency

The UK government is allowing American forces to use British air bases for attacks on Iran, with officials saying the bases could now be used for operations in the strategic Strait of Hormuz. On Friday, Downing Street said officials had “approved an expansion of the targets to help protect ships in the strait,” according to […]

A historic cathedral was damaged in Kyiv on Monday during a major Russian drone and missile attack on the Ukrainian capital as the war between Russia and Ukraine continues to escalate. Photos and videos show the Dormition Cathedral of Kyiv-Pechersk Lavra, also known as the Monastery of the Caves, on fire during the Russian attack. […]

Can You Price In No Longer Pricing Things In? By Michael Every of Rabobank At this point it isn’t a random walk but a determined march: markets have decided the Iran war and the Hormuz blockades are over, and everything is going to be better than normal imminently: the Nasdaq and S&P are at all-time highs and even worries over private credit are receding. In the real world, there are signs that back that stance and ones that say otherwise. Iran warned it could sink US ships in Hormuz if they police...