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California Retail Theft Blitz Leads To 97 Arrests And $1 Million In Stolen Merchandise A coordinated crackdown on organized retail crime across California ended with 97 arrests and the recovery of thousands of stolen products, according to KTLA. Over nine days in early August, California Highway Patrol investigators worked alongside more than 100 law enforcement agencies as part of the National Organized Retail Crime Blitz. The enforcement effort focused on suspected theft activity at retailers, shopping centers and other businesses throughout the state. The KTLA report says that authorities ultimately recovered more...

Oil Tanker Earnings Soar To $470,000 A Day As Hormuz Hopes Drive Tanker Frenzy By Tsvetana Paraskova of OilPrice.com Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the hope these can transit the tentatively reopening Strait of Hormuz.  One tanker has been provisionally booked to ship crude from the Persian Gulf to India at a rate that’s nine times the benchmark for the route, shipbrokers told Bloomberg on Wednesday.   South Korea’s Sinokor...

It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away One of Donald Trump's core pre-election promises (along with cracking down on immigration and no more foreign wars) was to boost employment for local-born Americans at the expense of the record employment for foreign-born, mostly illegal, workers. And for a while it worked: four months ago, when discussing the September jobs report, we said that while the broader report was generally mixed, it was "indisputably strong when it comes to one thing: the rotation from foreign...