Chaos Unleashed: When "Irrational" Makes Perfect Sense

One Reason This Energy Shock Is Not Like The One 15-Years Ago Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that one key reason the current Middle East conflict-driven energy shock "is not like 2011-2014" will be the absence of a comparable response from the shale patch, suggesting consumers are more likely to bear the brunt of the pain.  Kapteyn noted that, on an inflation-adjusted basis, oil prices in 2011-2014 were actually higher than they are today, yet the U.S. economy absorbed that...

Acting AG Todd Blanche: Investigating ActBlue Allegations Is A Top Priority The Democratic Party's premier fundraising machine is in serious legal jeopardy, and the new man running the Justice Department just made clear he intends to do something about it. The New York Times reported on Thursday that ActBlue’s own lawyers had warned its leadership in early 2025 that it may have lied to Congress about how it screens out illegal foreign donations.  In 2023, ActBlue CEO Regina Wallace-Jones sent a letter to Republican congressional investigators assuring them the platform used rigorous...

Embassy Tells Americans Still In Lebanon Depart Now While Flights Available As Ceasefire Collapsing The US-mediated Lebanon ceasefire is unraveling fast amid intensified fighting between Israel and Hezbollah on Thursday. This has resulted in the US embassy in Beirut issuing an urgent renewed security alert, urging US citizens to depart Lebanon while commercial flight options are still available. via AFP The statement explained the security situation "remains complex and can change quickly." It further said that those who don't or cannot leave must be prepared to encounter emergency situations, and also warned of unexploded ordnance...