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Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich
Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich
Last Friday's dismal jobs report (where 23K jobs were lost) had a silver lining: the unemployment rate dropped to 4.1%, the lowest since June 2025, dinging expectations that the AI revolution would lead to a spike in unemployment. There was just one problem: unemployment dropped not because more people found a job, but because the labor force shrank by a whopping 264K, and down more than 2 million since the start of the year.
To be sure,...
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May 5, 2026 / Tyler Durden
Hormuz "Deserted" As Iran Expands Area Of Control; Hundreds Of Ships Cluster Near Dubai
Oct 2, 2026 / Tyler Durden
Iran's Disappearing Oil Is Becoming Everyone's Problem
Iran's Disappearing Oil Is Becoming Everyone's Problem
Authored by Natalia Katona via OilPrice.com,
Iranian oil is disappearing from the market just as its biggest buyer returns for more. China's recovering crude demand is colliding with the loss of a supplier that sustained its independent refiners through the crisis, forcing them to compete for increasingly expensive alternatives. The consequences reach beyond China: every replacement barrel tightens supplies for other buyers, while Tehran faces a growing incentive to disrupt the Strait of Hormuz, which is now carrying an unexpectedly strong 13 million barrels...
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Mar 8, 2026 / Tyler Durden
UK Government Brands Union Flag A 'Tool Of Hate' In Leaked 'Social Cohesion' Strategy
UK Government Brands Union Flag A 'Tool Of Hate' In Leaked 'Social Cohesion' Strategy
Authored by Steve Watson via Modernity.news,
A leaked draft of the UK Government’s new ‘social cohesion’ strategy has sparked outrage by labeling the flying of English, Scottish, and Union Jack flags as potential “tools of hate.”
The document claims these national symbols were sometimes used last summer to “exclude or intimidate,” adding that the “extreme right has tried to turn symbols of pride into tools of hate.”
The 47-page draft, leaked to the Spectator magazine, also highlights how antisemitism...
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