California's Billionaire Tax Proposal Has 'Slippery Slope' Lever

$5 Diesel Means A 35% Jump In Prices For US Consumers While US gasoline prices have risen substantially since the start of the Iran war (although RBOB futures suggest there is much more upside should oil prices remain around $100), the average price of diesel has already soared above $5 per gallon in the US, the highest since 2022, and pushing up supply chain costs and setting the stage for broader inflation for consumers. The price spike is increasing costs for farmers, truckers and construction firms. With diesel at $5 per gallon,...

Russia Giving Iran Targeting Intelligence Of American Warships, Aircraft: US Officials The Trump-ordered US-Israeli attack on Iran is continuing to create an array of 'unknowns' while steadily drawing in outside powers, with the most significant Friday development being The Washington Post reporting that Russia has been providing Iran with intelligence on the locations of US military assets in the Middle East, including warships and aircraft. US officials described the effort as "a pretty comprehensive effort" by Moscow, though the accuracy of the intelligence remains unclear - the paper admits. What follows is the money quote: "Russia...

Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route Via Middle East Eye Saudi Arabia wants to replace Israel with Syria as the transit country for a fiber-optic cable designed to connect the kingdom to Greece through the Mediterranean Sea, two regional officials familiar with the project told Middle East Eye. Saudi Arabia's insistence that it be connected to Greece through Syria, and not Israel, as previously discussed, underscores how regional alignments are shifting as Riyadh looks to bolster Damascus’s standing in the region and potentially isolate Israel. via AFP Saudi Arabian Crown Prince Mohammed bin Salman has...