Article
One Reason This Energy Shock Is Not Like The One 15-Years Ago
One Reason This Energy Shock Is Not Like The One 15-Years Ago
Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that one key reason the current Middle East conflict-driven energy shock "is not like 2011-2014" will be the absence of a comparable response from the shale patch, suggesting consumers are more likely to bear the brunt of the pain.
Kapteyn noted that, on an inflation-adjusted basis, oil prices in 2011-2014 were actually higher than they are today, yet the U.S. economy absorbed that...
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Apr 15, 2026 / Tyler Durden
Roblox Rolls Out Restricted Accounts For Under-16 Users Amid Lawsuit, Social Media Ban
Roblox Rolls Out Restricted Accounts For Under-16 Users Amid Lawsuit, Social Media Ban
Authored by Rex Widerstrom via The Epoch Times (emphasis ours),
While managing to avoid Australia’s under-16 social media ban, the global game creation platform Roblox has moved to introduce restricted accounts for children and teenagers.
A 7-year-old teenage boy looks at a photo screen with Roblox, a social media networking app that will not be age-restricted in Sydney, Australia on Dec. 7, 2025. George Chan/Getty Images
The move also comes in the wake of a lawsuit from Los Angeles County...
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Apr 16, 2026 / Tyler Durden
House Effort To End Trump's Iran War Fails By One Vote: Guess The Lone GOP Dissenter
House Effort To End Trump's Iran War Fails By One Vote: Guess The Lone GOP Dissenter
Two parallel war-related votes in the House and Senate reveal growing dismay and political fractures over President Trump's Iran war, as the Strait of Hormuz remains locked down and ceasefire still seems distant.
The Republican-controlled House voted Thursday to reject a resolution ordering the White House to end the war with Iran, as Memorial Day approaches and Americans are anxious over gas prices and general rising costs at the grocery store.
The vote was 213-214, almost entirely...
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Apr 20, 2026 / Tyler Durden
Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince
Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince
China's President Xi Jinping on Monday demanded the uninterrupted passage of vessels through the Strait of Hormuz in a phone call with Saudi Arabia's Crown Prince Mohammed bin Salman, state news agency Xinhua reports. He urged the normalization of shipping traffic after about 50 days of disruption which obviously and significantly impacts Chinese oil imports.
"Normal navigation through the Strait of Hormuz should be maintained, this is in the shared interests of regional countries and...
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