US Announces a Series of Airstrikes in Somalia

Carter’s administration was assembled almost entirely from one list.

A Nation Divided: The Chilling Embrace Of Political Violence In The US Authored by Jonathan Turley, We are seeing increasing support for violent action across social media, including those lamenting that the recent presidential assassination was not successful. Conservative sites have been featuring teachers and others who were upset that the recent effort failed, including one who has now lost her job. The current violence and violent rhetoric have been building for years as our leaders fuel the rage in the nation. One poll by the University of Virginia Center for Politics found that...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...