South Korea Expresses Hope for US-North Korea Talks After Trump Announces Scaled-Back Military Drills

The Trump administration has issued a sanctions waiver allowing the purchase of Iranian oil for 30 days without the threat of US economic penalties, as it scrambles to address oil and gas prices that have been driven up as a result of the US and Israel launching a war against Iran. “Today, the Department of […]

Record Ground Beef Prices May Finally Be Breaking Consumer Demand Last week's retail sales report provided fresh evidence that the K-shaped economy is buckling, with national average gasoline prices still printing above $4 a gallon and discretionary spending weakening. Consumer stress is now surfacing in the grocery aisle: as beef prices hover near record highs, Americans are beginning to trade down to cheaper proteins. Bloomberg cites new data from Chicago-based market research company Circana, showing that beef sales volumes declined .3% during the 13 weeks through mid-July. Volumes had risen about...

President Trump and Secretary of State Marco Rubio are making me feel like I’m smack dab back in the middle of the old Cold War racket — the racket that succeeded in making the US national-security state and its ever-growing army of “defense” contractors a permanent feature of American life. The State Department just issued […]