Stay-At-Home Subsidies Won't Produce A Baby Boom

The Wrath Of Kharg By Ben Picton, Senior Market Startegist at Rabobank Brent crude is bid again this morning as markets digest the dump of news over the weekend relating to the Iran war. On the bullish side for crude was the US decision to bomb Iranian military assets on Kharg Island – the Persian Gulf port where up to 90% of Iranian oil exports are typically loaded onto tankers. Announcing the strikes via Truth Social, President Trump was at pains to be clear that oil infrastructure was not targeted, but...

First Secondary Sanctions Applied: US Blocks Egyptian Bank From Accessing Dollars Over 'Iran Ties' The US Treasury Department on Friday unveiled its first 'secondary' Iran sanctions related to Trump's 'Economic D-Day' against Iran, on Friday naming an Egyptian bank in the UAE.  Ironically both of these latter countries are close American allies, and this comes at a moment the White House has failed to confirm whether the US will actually go after China for the same trade violations. Via britannica.com The UAE branches of Egypt's Banque Misr are being newly sanctioned over their...

Providence Mayor Demands Removal Of Iryna Zarutska Mural; "Does Not Reflect Our Values" Authored by Steve Watson via Modernity.news, Leftist politicians in Providence, Rhode Island, are erasing the memory of an innocent victim to shield their failed policies on crime and immigration.  The nearly completed mural honoring Iryna Zarutska—the 23-year-old Ukrainian refugee brutally murdered on a North Carolina light rail train by a repeat offender—is being removed after pressure from Democrat leaders who called it divisive. Conservative commentator Benny Johnson broke the story, posting: “Iryna Zarustka mural in Providence, RI, is being removed following protest...