USS George Washington Arrives in the Middle East

Netanyahu Boasts 70% Of Iran's Steel Production Capacity Destroyed Israeli Prime Minister Benjamin Netanyahu stated in Friday remarks that Israeli airstrikes have wiped out roughly 70% of Iran's steel production capacity, dealing a major blow to its ability to manufacture weapons - from missiles and drones to ships. "Together with our American friends, we continue to crush the terror regime in Iran. We are eliminating commanders, bombing bridges, bombing infrastructures," Netanyahu began in a video statement. Illustrative image, via Steel Radar "In recent days, the Air Force has destroyed 70% of Iran's steel...

The "Good News" Is Always The Same: The Stock Market Is Up... Until It Isn't Authored by Charles Hugh Smith via OfTwoMinds blog, Cloaking a fake "market" with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics of self-correction and self-liquidation. Systems that use feedback to rebalance extremes are self-correcting: rather than accelerate as they approach a cliff, they slow down and reorganize to avoid runaway self-reinforcing feedback (i.e. positive feedback), a.k.a. run to failure. Some things are self-liquidating by...

Downtown Seattle Lost 30,000 Jobs Since 2020 Payroll Tax: Report Authored by Dylan Morgan via The Epoch Times, A new report from the Downtown Seattle Association published June 15 stated that downtown Seattle has lost around 30,000 jobs since 2020, when city leaders passed the “JumpStart” business tax, while neighboring Bellevue has become more attractive for businesses. “What we have seen in downtown Seattle is not a ‘jump start,’ but instead, a slowdown,” the report stated. “Seattle has become a tax outlier in the region, and it’s costing the city jobs and tax...