Top US Counterterrorism Official Resigns Over War With Iran

Goldman Sees Risk Of Food Price Spike Amid Fertilizer Disruption The conversation grows louder by the day as disruption at the Hormuz chokepoint hits the global nitrogen fertilizer market and, in turn, is set to impact upcoming corn and grain harvests in some key growing regions. Goldman commodity analysts Lina Thomas and Daan Struyven penned a note on Tuesday warning clients that chokepoint risks in the Strait of Hormuz may affect global agricultural prices. "The Strait of Hormuz is a critical route in the global nitrogen fertilizer market, which accounts...

Cost Of California's High-Speed Rail Goes Up Again Authored by Kerry Johnson via  Pacific Research Institute for Public Policy, It was supposed to cost $33 billion when voters approved the train in 2008. It will now cost at least $126 billion. It was also supposed to be carrying 65.5 million to 96.5 million intercity riders a year by 2030. Yet now 2040 is the date for “full service to start.” Skeptics don’t believe we’ll ever see the train run with paying customers aboard. “In my judgment, the Draft 2026 Business Plan describes a project that...

Ruthless Taxation And The Hyperstate: How Germany Profits From Crisis Submitted by Thomas Kolbe, The Hormuz crisis offers us a profound insight into the real power structures in Germany. Nothing seems able to convince the Berlin monolith to partially shield its citizens from the consequences at gas stations through tax cuts. It is now unavoidable that the Iran shock will translate into an inflation driver, working its way through economic value chains into consumer prices. These developments almost force a reduction of the tax burden on households and the middle class. It...