Article
Prices Jump, Employment Dumps As US ISM Services Disappoints In March
Prices Jump, Employment Dumps As US ISM Services Disappoints In March
The last six months or so has seen S&P Global's and ISM's Services PMI surveys diverge dramatically (former at three year lows, latter near four year highs).
But, following S&P Global's Services PMI plunge into contraction in March, ISM's Services PMI actually 'agreed' and fell also (but only modestly) from 56.1 to 54.0 (still in expansion but worse than the expected 54.9)...
Source: Bloomberg
Under the hood it was a very mixed bag with a surge in New Orders (highest since Feb...
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May 8, 2026 / Tyler Durden
Clinton-Appointed Federal Judge Rules DOGE's Terminations Of Humanities Grants Unlawful
Clinton-Appointed Federal Judge Rules DOGE's Terminations Of Humanities Grants Unlawful
Authored by Guy Birchall via The Epoch Times,
A federal judge ruled on May 7 that the Department of Government Efficiency’s (DOGE’s) termination of hundreds of humanities grants last year was unconstitutional and involved “blatant” discrimination.
In April 2025, the Trump administration axed more than 1,400 grants, amounting to more than $100 million in congressionally appropriated funds awarded to scholars, writers, research institutions, and other humanities organizations.
The move was part of a whirlwind cost-cutting drive that tech billionaire Elon Musk was leading...
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May 6, 2026 / Tyler Durden
Toward Dual-Use Deterrence On The Moon
Toward Dual-Use Deterrence On The Moon
Authored by Rick Fisher via The Epoch Times,
As the United States pursues its goal of sending astronauts to the moon starting in 2028 to start building lunar bases—and China pursues its goal of sending its people to the moon by 2029 or 2030, also to start building lunar bases—it is necessary to consider a lunar political-military stability based on dual-use technologies.
Concern that China could behave aggressively on the moon is justified based on its behavior on Earth: an unwillingness to recognize the territory of...
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Apr 14, 2026 / Tyler Durden
US Says 'No Ships Made It Past Blockade' As Iran Mulls Hormuz Shipping Pause To Preserve Talks, Which Trump Says Could Happen In Two Days
US Says 'No Ships Made It Past Blockade' As Iran Mulls Hormuz Shipping Pause To Preserve Talks, Which Trump Says Could Happen In Two Days
Summary
CENTCOM: "During the first 24 hours, no ships made it past the U.S. blockade & 6 merchant vessels complied with direction from US forces to turn around to re-enter an Iranian port on the Gulf of Oman," it said.
Diplomacy is not yet dead, as Bloomberg reports Iran is mulling a short-term pause to shipments through Hormuz Strait. Trump tells NYP talks could happen again in two...
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