Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse

The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking Authored by Kurt Cobb via Resource Insights, Even a 4–5% loss in global energy supply could translate into a comparable drop in economic activity due to energy’s central role in all production. Disruptions in oil and LNG flows through the Strait of Hormuz are already removing a significant share of global energy, with cascading impacts across industries. Rising energy costs trigger widespread knock-on effects—from food and travel to semiconductors—potentially leading to a severe global recession. A priest, an engineer, and an economist are...

Entering The Gates Of Lies: Unmasking The Climate Version Of Theranos Authored by Sydney Rodman via RealClearEnergy, One of President Trump's campaign promises was eliminating climate scams. As net-zero climate policies fade into the shadows, another climate scam is biting the dust. Bill Gates's daughter, Phoebe Gates, may not have her father's entrepreneurial talent, but she, too, frequently peddles climate alarmism. Mr. Gates, however, renounced climate doomerism last year in a widely-shared memo. A recent media investigation determined the younger Gates and her cofounder, climate influencer Sophia Kianni's self-described sustainable e-commerce startup, Phia,...

Xi Jinping Applauds Kim's 'Socialist Cause' In Warm North Korea State Visit North Korean leader Kim Jong Un warmly greeted Chinese President Xi Jinping in Pyongyang Monday, kicking off Xi's two-day state visit to the internationally isolated country - which is his first trip there in seven years. Xi has called for deepening "strategic coordination and cooperation" with North Korea shortly after receiving a lavish, red carpet welcome at the airport. The two sides should inject "powerful momentum" into their ties, Xi said according to a readout released by Chinese state media...