Israeli Strikes on Southern Lebanon Kill Six, Wound at Least Three

California Startup Starts Drilling World's First Underground Nuclear Borehole Authored by Jill McLaughlin via The Epoch Times (emphasis ours), Deep Fission, a California-based nuclear energy startup, started drilling the world’s first underground nuclear borehole March 10 in Kansas, taking a major step forward in building small modular pressurized water reactors one mile below the surface. The drill rig at the Deep Fission site in Parsons, Kansas. Deep Fission The test project is being funded as part of the Trump administration’s plan to breathe new life into the American nuclear sector by investing in...

"Shockingly Bad" Chinese Econ Data Stuns Wall Street, Sparks Hard Landing Concerns Confirming our Sunday preview, overnight China reported growth data which slowed across the board in April with investment resuming declines, retail sales missing sales and growing at the weakest rate in 4 years while industrial production rose at the slowest pace in three years, calling into question Beijing's reluctance to add stimulus to the economy as a global energy crisis hits factories and consumers across the world. China's Monday data dump of official data on Monday painted a picture of...

Third Order Effects Begin: U.S. Airlines Hike Bag Fees As Jet Fuel Prices Spike The New York Harbor jet fuel benchmark has doubled in just five weeks as the aviation fuel crisis spreads from airport to airport worldwide following ongoing disruptions at the Hormuz chokepoint. The third-order effects of that energy shock began to materialize this past week, with major U.S. airlines raising checked-bag fees to offset soaring fuel costs.  United Airlines and JetBlue Airways, two major U.S. carriers, raised checked-baggage fees for domestic travel this week as they begin...