The Theory of the Bottom 99%

A senior White House official claimed that President Donald Trump does not need Congressional approval to continue the war against Iran because the ongoing ceasefire negates the deadline imposed by the War Powers Act.  On Thursday, a US official told News Nation that “for War Powers Resolution purposes,” the war against Iran had ended. The […]

"No Longer Negative": BLS Annual Benchmark Revision Will Revise Payrolls Higher For First Time Since 2022 On Friday at 10am ET (at the same time as Chairman Warsh’s Jackson Hole remarks), the Bureau of Labor Statistics (BLS) will publish its preliminary estimate of the benchmark revision to the level of nonfarm payrolls for March 2026. The final benchmark revision will be issued and incorporated into nonfarm payrolls alongside the January 2027 employment report in February 2027. The key source data for the benchmark revision comes from the Quarterly Census of Employment...

Iran Rejects US Proposed Ceasefire, Counters With 5 Conditions For Ending War, As US Troops En Route Summary Iran Does Not Accept Ceasefire, Issues 5 Conditions, Says US Talks Illogical. The statement says that talks are not viable in current conditions, oil rising. 3,000 elite Army Airborne soldiers & Marines still en route after Trump said Monday says Iran has been destroyed "militarily".  Iran is tightening control of Hormuz, demanding detailed ship data and in some cases large fees for passage. Iran continues to say it is ready for long war, monitors US troop movements: Parliament Speaker...