The Day Civilization Runs Out Of Bread Will Not Feel Like Fiction

Ilhan Omar: Hey, Um, As It Turns Out, I'm Not Actually A Multimillionaire After All Authored by Robert Spencer via PJMedia.com, Rep. Ilhan Omar (D-Mogadishu) has for some time now been the poster child not only for the legion of ungrateful, America-hating migrants, but for members of the House of Representatives who have become multimillionaires on a $174,000 annual salary.  The latter in particular has brought her unwelcome scrutiny: In February, House Oversight Chairman James Comer (R-Ky.) announced that he was opening an investigation after two companies Omar’s husband owns jumped in...

Key Events This Week: PMIs, Productivity And Consumer Sentiment As has become customary for Monday, we have seen a dramatic surge in risk assets (3rd Monday in a row) on what at least superficially appears to be de-escalation after Trump announced strikes against Iran's power plant would be delayed by 5 days as a result of talks with Iran, talks which at least Iran's domestic news sources have so far denied. And the market lurches from headline to headline, it feels somewhat trivial to focus on the week ahead data calendar,...

Indian Refiners Freeze Domestic Jet Fuel Prices Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel prices jumped by 8.6% in response to tighter supply. In an additional concession to airlines, Indian fuel makers also reduced the price of jet fuel for international flights, the report also said, citing unnamed spokespeople from state-owned refiners. Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp. have hiked fuel prices four times...