Does Demand Create Supply?

Hormuz Mine Threat Emerges; White House Denies Tanker Escort Update (1431ET): And there we have it: *LEAVITT: US NAVY HAS NOT ESCORTED TANKER THROUGH HORMUZ Shortly after the farce of Secretary Wright's deleted tweet on a US military-escorted tanker, CBS'  Jim LaPorta reports that U.S. intelligence assets have begun to see indications Iran is taking steps to deploy mines in Strait of Hormuz shipping lane. LaPorta added that Iran is reportedly using smaller crafts that can carry 2 to 3 mines each. While Iran’s mine stock isn’t publicly known, estimates over the years have...

Closed Borders Killing Western Union, Earnings Call Transcripts Reveal Western Union CFO Matt Cagwin quietly acknowledged in yesterday’s earnings call that fewer border crossings under the Trump admin are chipping away at the remittance behemoth’s profits: “New migration is the lifeline of our retail business. With borders closed, it is difficult to offset natural attrition… as consumers return home to their native countries,” Cagwin said. WU has long been the dominant vampire skimming absurd fees off international remittances while providing no technological convenience that Venmo hasn’t already surpassed. It’s instead maintained its...

Israeli National Security Minister Itamar Ben Gvir on Sunday posted an AI-generated video depicting the starvation of Palestinian prisoners as he continues to boast of his efforts to impose harsher conditions on Palestinians held in Israeli jails. The post, which Ben Gvir later deleted, showed what appeared to be overweight Palestinian detainees being brought into […]