Narrative Control: The Collapsing Authority Of The State

US-Israeli strikes on Iran on Tuesday “completely destroyed” a Jewish synagogue in central Tehran, Iranian media has reported, as the bombing campaign continues to hit places of worship and other civilian targets. Photos and videos of the aftermath show that the damage at the Rafi-Nia Synagogue, and Hebrew-language religious books are seen in the rubble. […]

Alarming Supply-Chain Stress Sends Transport Cost Soaring, Fueling Inflation Fears Nearly three weeks ago, UBS analyst Pierre Lafourcade reactivated his desk's supply-chain watch coverage after stress across global supply chains was "rising at its fastest pace since the early pandemic." That warning is now increasingly getting louder by the week, with ongoing disruptions around the Hormuz chokepoint and the resulting energy supply shock, pushing up input, freight, and other logistics costs across the global economy. Weeks after Lafourcade's warning, which can be read here, the May 2026 Logistics Managers' Index Report...

Futures Rebound With Cash Markets Closed; Gold, Bitcoin Jump While US cash markets are closed for the July 4th holiday, stocks around the world rebounded from yesterday's momentum rout as the latest round of jitters about the AI trade subsided, with Europe’s benchmark rising to an all-time high. S&P futures rose 0.3% and Nasdaq 100 futures rebounded 1.2% in thin holiday trading after South Korean memory giants SK Hynix and Samsung Electronics recovered, helping to drive a 2% rally in Asian shares after earlier tumbling with SK Hynix plunging as much as 30% from its all...