Stock Futures Drop To Close Out August As Oil Jumps On Renewed Iran Hostilities

Federal Judge Given "Private Reprimand" After Holding Sexual Trysts In Chambers... And Then Lying About It Authored by Jonathan Turley, There is a bizarre controversy out of the United States Court of Appeals for the Eleventh Circuit, where a federal judge has been reprimanded for engaging in repeated, loud sexual encounters during office hours in chambers with a police officer. While the judge lied to investigators and disrupted the work of court staff, the Eleventh Circuit decided to give only a “private reprimand” and to withhold the identity of the district...

Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave Building on our earlier "Global Demand Destruction" note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks. Plastics are core to the modern economy, and a troubling new Bloomberg report indicates that several producers of monoethylene glycol (MEG) and purified terephthalic acid (PTA) have declared force majeure, as tanker flows through the Strait...

President Donald Trump suggested he would relaunch his war on Yemen if Ansar Allah follows through on its pledge to prevent Saudi shipping through the Bab al-Mandab. Last year, Trump ordered a massive bombing campaign against Yemen in an effort to break Ansar Allah’s blockade on Israel.  On Monday, the Yemeni Armed Forces said it […]