IRGC Seizes Ship With Witkoff-Kushner Team En Route To Pakistan; US Sanctions Chinese Refinery, Iran Shadow Fleet

The World Cup's Uneven Playing Field Due to its truly global footprint, the FIFA World Cup has always been a celebration of diversity, both on and off the pitch. It brings together different cultures, different playing styles and different levels of skill, professionalism and financial muscle. However, with the tournament now over a week old, it is clear that they are playing 'football' on an uneven playing field. As Statista's Felix Richter reports, while nations like France, Spain and England have assembled squads full of international superstars, other participants will field teams that are largely...

What Causes Stagflation? Authored by Frank Shostak via The Mises Institute, In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...

Pakistan Declares 'All-Out War' Against Afghanistan, Hundreds Dead In Overnight Clashes With Taliban Overnight, Pakistan launched airstrikes across Afghanistan, including targets in the capital of Kabul, soon after which Pakistan's Defense Minister Khawaja Asif by Friday morning declared an "all-out war" between the two countries. Hours prior to the commencement of airstrikes and heavier clashes, Afghan Taliban forces reportedly attacked Pakistani border troops Thursday night in retaliation for Pakistani airstrikes earlier in the week. A Pakistani military spokesman has said that 274 Taliban fighters have been killed and more than 400 injured...