The Dupes of War

"Low Hire, No Fire": Jobless Claims Unexpectedly Plunge To Record Low We have gone from a "low hire, low fire" economy to "AI chatbot hire, no fire." We joke, but really there is no other way to explain what is going on here: this morning the Dept of Labor reported that in the week ended April 25, jobless claims fell 26k to 189k (from an upward revised 215k), compared with median est. 212k. And... are you sitting down... this was the lowest weekly jobless print on record. With the est. range at 205k-228k, today's...

Watch: Trump Spars With 'Treasonous' NYT Reporter On Iran War Coverage Friday saw a wild exchange play out between President Trump and a member of the media aboard Air Force One as it made its way back from China. The New York Times' David Sanger pointed out that Trump's Operation Epic Fury did not result in political transition in Iran, but that the same Islamic Republic theocratic government is in charge. Sanger in essence questioned whether there was actually 'total victory' as Trump and his officials have repeatedly claimed. A visibly...

Amid Saber-Rattling, Iran Touts Economic Benefits To West If Nuclear Deal Reached Days ahead of another round of talks with US negotiators -- and on the heels of more saber-rattling by the Trump administration -- Iran is touting the potential mutual economic benefits of a deal that would terminate the West's long-running sanctions regime against the second-largest and second-most-populous country in the Middle East.   "For the sake of an agreement's durability, it is essential that the U.S. also benefits in areas with high and quick economic returns," said Iranian Deputy Director for...