Two Killed in Separate Incidents During South Lebanon Olive Harvest

A Fed Rate-Hike Would Be A Serious Mistake Authored by Daniel Lacalle, The latest U.S. inflation report and jobs data do not justify another interest rate increase. Additionally, June data show that inflation is slowing down, especially in the core CPI measure that is most closely watched by monetary authorities, while ongoing tightening is stopping the labor market from reaching its full potential. Hiking rates while maintaining elevated liquidity harms families and small businesses and perpetuates the very factors that drive inflation, including rising money supply and government spending. Keeping rates above the neutral...

No THAC0 Tuesday By Michael Every of Rabobank No TACO And No THAC0 The Global Daily yesterday noted lots of reasons to worry about this Gulf War 3 - today there are far more. However, as made clear since the start of this crisis, there is no way to say, “This is silly,” or to ‘go home’ and return to ‘normality’. Everyone in the war except the US *is* at home. Israel is targeting Iran’s leaders and PM Netanyahu says the country is only “over halfway” to its war goals, with no timeline...

Trump Refuses To Sign Landmark Housing Bill In Protest Over Stalled Elections Legislation President Donald Trump declared Friday morning that he won't sign the sweeping bipartisan housing bill awaiting action on his desk in protest of the Senate's failure to pass his signature elections legislation. Unless the president issues an outright veto by midnight, however, the housing package will become law Saturday without his signature. President Donald Trump attends an event to mark the launch of "Trump Accounts" in the Oval Office at the White House in Washington, D.C., July 6,...