US lost nearly $2B worth of military equipment in first 4 days of strikes against Iran

President Donald Trump says the US will substantially reduce its upcoming war games with South Korea.  “Based on my very good relationship with Kim Jong Un, of North Korea, I am not happy with the fact that the United States has, long ago, agreed to participate in Joint Military Exercises with South Korea,” the President […]

California Gets 80% Of All Federal Cash For Illegal Immigrant Families: Report Authored by Jill McLaughlin via The Epoch Times, California is home to the lion’s share of illegal immigrant families in the United States with children who received federal welfare assistance in 2024, according to a federal report published on June 10. More than 80 percent of all nationwide cash assistance allocated to such households was spent in California. The report tracked $759 million in Temporary Assistance for Needy Families (TANF) spent in 2024 on families headed by a parent living...

A New Iran (Military?) Base Case By Michael Every of Rabobank Our central assumption for the Iran war had been that by end the third week of April at latest, the Iranian regime faction willing to make a deal in line with Trump’s tweets would have asserted itself over those who won’t, Hormuz would slowly reopen, and energy markets gradually normalise. As neither the Iranian nor US negotiating teams traveled to Pakistan for the second round of peace talks yesterday, that cannot happen. Our new geopolitical base case is of an extended...