Congress Passes 45-Day Extension Of FISA Section 702, Sending It To Trump's Desk

Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) - back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)... Source: Bloomberg Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year... Source: Bloomberg Finally, as the following chart suggests, while it may be "hard to get"...

What’s the point in celebrating the Constitution one day a year if we permit the government to violate it the other 364? September 17 marks the anniversary of the signing of the U.S. Constitution, a document designed not merely to establish a government but to restrain it. Yet restraint is in increasingly short supply. Across […]

Massive Ukrainian Drone Swarm Attack On Moscow Hits Refinery While attention this week has been fixed on the lower part of Eurasia, where the U.S. and Iran have finally signed an interim peace deal to reopen the Strait of Hormuz and begin normalizing tanker flows through the critical waterway, the other major conflict area in Eurasia is flashing new warning signs. Overnight developments in the Russia-Ukraine war suggest the fighting continues to grind on with no near-term off-ramp, as critical energy infrastructure remains in the crosshairs. Bloomberg reports that Ukraine launched...