The Medieval Constitution of Liberty

Medical marijuana is legal in 40 states and Puerto Rico. Recreational marijuana is legal in 24 states. Both are legal in Washington, D.C., and the U.S. territories of Guam, the Northern Mariana Islands, and the U.S. Virgin Islands. Many conservatives are very upset about this. Naomi Schaefer Riley is one such conservative. She is a […]

Futures, Global Markets Tumble As Oil Soars Amid Fears Of Lenghty Energy Crisis Seven days into the war on Iran and markets are getting increasingly shaky. US equity futures tumbled ahead of the February jobs report, and are on pace to close the worst week for global markets since 2020 deep in the red as the selloff in global bonds deepened after another jump in oil prices fanned fears that the war in the Middle East is fueling inflation. As of 8:00am ET, S&P 500 futures were 0.7% lower while contracts on...

Gulf War Leaves $58 Billion Repair Bill And Global Equipment Crunch Last week, JPMorgan - which correctly noted that headlines tend to focus on the fact of damage not the scale - was the first itemize the damage from the war in Iran, finding more than 60 energy infrastructure assets in the Gulf have been affected by drone and missile strikes, with roughly 50 sustaining different degrees of damage.  What about the actual dollar value of the inflicted damage? According to Rystad, repair and restoration costs for energy-linked infrastructure as a result of...