Deal Doubts Arise As Lebanese, Iranian Officials Say US Must Rein In Israel To Secure Regional Peace

The US Army has awarded Lockheed Martin a contract worth up to $58.6 billion to ramp up production of Patriot PAC-3 interceptors, as US forces have used an enormous number of them in the war with Iran. According to The Hill, the deal converts a previous one-year contract worth $4.7 billion to a multi-year deal […]

What Causes Stagflation? Authored by Frank Shostak via The Mises Institute, In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...

Israeli forces have launched multiple raids into southwest Syria over the past 48 hours, with operations centering heavily around the southern part of Quneitra Governorate and the Yarmouk River Basin in westernmost Daraa. Today, forces were reported entering the area of Zubaydah village in Quneitra, and a military bulldozer backed by troops were clearing a […]