No, We Cannot “Afford” This War with Iran Either

Obama-Appointed Judge Defies SCOTUS, Now Faces Impeachment Authored by Matt Margolis via PJ Media, An Obama-appointed federal judge just decided the Supreme Court's rulings are more like suggestions, and Republicans in Congress are done pretending she has the authority to make that call. U.S. District Judge Allison Burroughs issued an order on Friday blocking the Trump administration from ending Temporary Protected Status for Somali nationals. It was a brazen display of judicial activism, and it took Republicans about a weekend to respond. 🚨 A federal judge has again blocked the Trump administration from...

Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias Tl;dr: FOMC Minutes confirm a deeply-divided Fed with a hawkish bias as "majority" saw hike likely warranted, "many" preferred removing easing bias. *  *  * Since the last FOMC meeting (Powell's last), on April 29th, stocks and the dollar are up, bonds and gold are down and oil has swung violently in between... Source: Bloomberg Expectations for Fed action this year has surged hawkishly from a 20% chance of a single rate-cut to an almost 100% chance of a single rate-hike...

US Pulling Large Chunk Of Jets, Refueling Tankers From NATO Defense, Realigning Further East In a move that surprises absolutely no one paying attention, the United States is planning to significantly slash the number of fighter jets and warships it feeds into the NATO machine in Europe, the New York Times reported Thursday. The reported cutbacks hit right as panicked European nations scramble to patch up their own defense capacities. Though long expected given President Trump's somewhat adverse relationship with the NATO alliance, and fiercely critical rhetoric continuously directed at Brussels,...