Washington Examiner

This is an energy shock, not an overheated economy

1 hour agoCenter Right

The Federal Reserve faces a simple challenge at its June meeting: Do not mistake an energy shock for an overheated economy. For much of the past year, I have argued that lower interest rates would support small businesses, encourage investment, and improve economic growth. The recent surge in energy prices has altered the near-term policy […]

Read Full Story at Source

Compare Perspectives

Found 8 stories

Trump caught smiling after UFC fighter drops shocking remark about Michelle Obama: report

Raw Story

3 hours ago

Trump caught smiling after UFC fighter drops shocking remark about Michelle Obama: report

President Donald Trump was captured on video “smiling” Sunday after an Ultimate Fighting Championship (UFC) fighter dropped a shockingly "offensive” and false remark about former First Lady Michelle Obama during the UFC event at the White House, CNN reported.Mixed martial artist Joshua Hokit, 28, defeated his opponent Derrick Lewis Sunday night at the White House UFC bout, and after his victory, shouted an inflammatory and false claim targeting the former first lady.“Michelle Obama is a man! Am I right, America?” Hokit said, eliciting both cheers and boos from the crowd, CNN reported.Hokit’s remarks also elicited a response from Trump, who was seated in the first row at the event.“In a brief moment captured on camera, Trump, seated first row at the ‘Octagon,’ appeared to show a half-smile seconds after the false remark, which has previously circulated online,” wrote CNN’s Alejandra Jaramillo.Back in February, Trump faced rare bipartisan outrage after posting a video on his social media platform Truth Social that briefly depicted former President Barack Obama and the first lady as primates in the jungle. The blowback was so fierce that Trump – who denied being aware that the segment of the video he posted included the racist depiction – ultimately deleted the post.

Far Left

Read →

Asia’s Oil-Thirsty Economies Cautiously Welcome US-Iran Deal

Bloomberg Politics

16 hours ago

Asia’s Oil-Thirsty Economies Cautiously Welcome US-Iran Deal

Asia was quick to welcome the US-Iran deal to reopen the Strait of Hormuz, through which most of the region’s energy supplies flow. But many warned it’s too early to say if that will offer long-term relief to the world’s most populous and fastest-growing region.

Center

Read →

Trump aides descend into panic over reporters' 'shocking breach' of Situation Room: report

Raw Story

Yesterday

Trump aides descend into panic over reporters' 'shocking breach' of Situation Room: report

Top Trump administration officials are gripped by fear that two reporters got their hands on audio recordings of meetings inside the White House Situation Room — one of the most secure rooms on the planet — for a forthcoming book, according to Axios.The outlet reported White House officials believe New York Times reporters Maggie Haberman and Jonathan Swan obtained tapes of Situation Room discussions for their book "Regime Change," due out June 23. Independent recording devices are forbidden in the room, which Axios noted would make such a leak "a shocking breach" of one of the world's most protected settings.The dread inside the West Wing is as much about the unknown as the known. "We're afraid some of our most sensitive conversations were being recorded," one administration source told Axios. "And we have no idea which ones."The alarm was triggered by book excerpts the Times posted ahead of publication, which included verbatim accounts of several Situation Room meetings on the Iran war and the Epstein files. Axios reported that the authors conducted more than 1,000 interviews for the book, a chronicle of Trump's second term.Tellingly, Axios noted, White House officials have not disputed the accuracy of the quoted dialogue — including a blunt moment in which Secretary of State Marco Rubio waved off Israeli Prime Minister Benjamin Netanyahu's regime-change scenarios for Iran. "In other words, it's bull----," Rubio said, according to the account.Trump himself is "furious" about the blow-by-blow reconstructions of the top-secret talks, per Axios.Haberman and Swan declined to comment.The prospect that the nation's most closely guarded deliberations could surface word-for-word in a commercial book has rattled an administration already obsessed with hunting down leaks — and, by Axios' account, unsure how much of what was said behind those secure doors is now in someone else's hands.

Far Left

Read →

Charles Barkley in shock over Sydney Sweeney NBA Finals Game 5 appearance

New York Post

Yesterday

Charles Barkley in shock over Sydney Sweeney NBA Finals Game 5 appearance

Charles Barkley had something to say about the Game 5 Knicks-Spurs celebrity guest list.

Right

Read →

Trump dealt 'shock' immigration defeat as fight barrels toward Supreme Court: legal expert

Raw Story

Yesterday

Trump dealt 'shock' immigration defeat as fight barrels toward Supreme Court: legal expert

A sweeping defeat of Trump's immigration policies will likely end up in the Supreme Court, a legal expert flagged.Last week, a federal judge in Rhode Island struck down four Trump policies that froze immigration benefits for nationals from 39 countries, attorney Rachel Cohen said on Legal AF. Cohen is now expecting that challenge to land in the Supreme Court."I would be shocked if it didn't go all the way up to the Supreme Court," Cohen said, referring to the case Dorcas International Institute of Rhode Island v. U.S. Citizenship and Immigration Services (USCIS). The administration entered final judgment earlier this week and has already filed a notice of appeal, Cohen added.The Trump administration violated the Administrative Procedure Act and the Immigration and Nationality Act with policies that froze asylum decisions, green cards, work permits, and naturalization for people from countries on Trump's travel-ban list, according to Cohen's description of a ruling by Chief Judge John McConnell."It actually is, I would say, one of the most sweeping kind of rebukes to the Trump administration when it comes to its attempts to target legal immigrants that we have seen thus far," Cohen said. "Trump has been attacking legal immigrants left and right by changing policies as much as possible."Cohen also flagged a deeper problem with Trump's policies, grinding the important immigration process to a halt."If you're not even processing any of these applications, basically all that that arm of the government is doing is terrorizing people on the streets, snatching them up," Cohen said, referring to the Department of Homeland Security, which oversees USCIS and ICE. She also noted that congressional Republicans moved to increase the ICE budget by $70 billion over the next three years.

Far Left

Read →

Shocking three-word tweet aimed at Elon Musk unearthed that critics claim cost California billions

New York Post

2 days ago

Shocking three-word tweet aimed at Elon Musk unearthed that critics claim cost California billions

Elon Musk’s SpaceX launched its record-breaking IPO on Friday, making him the world’s first trillionaire while enriching many employees and investors.

Right

Read →

America’s Biggest Energy Hub Is About to Run Out of Oil

The New Republic

2 days ago

America’s Biggest Energy Hub Is About to Run Out of Oil

Massive crude oil tanks in Cushing, Oklahoma—the main hub of America’s energy market—are reportedly growing dangerously depleted as President Donald Trump’s war in Iran stretches into its 105th day. The oil tanks in Cushing held an inventory of just 21.6 million barrels Friday, according to the U.S. Energy Information Administration. That’s a little more than half of the 40 million barrels they usually store. When they hold less than 20 million barrels of oil, Cushing’s tanks are effectively empty, with only largely unusable sludge remaining. The extended closure of the Strait of Hormuz has pushed the reserves in Cushing toward operational stress levels, where they will be unable to fulfill the demand for oil. Cushing isn’t the only place in the United States where oil reserves have been affected. Gas inventories have fallen 5 percent below where they were a year ago, and U.S. diesel stockpiles have hit their lowest level since 2003. The full shock of the present energy crisis has been dampened by the world’s oversupply of oil—but that could be about to change, as stockpiles drain around the world. If the oil markets get dry enough, the volume of oil won’t be great enough to produce the pressure needed for pipelines. Within a month, the world’s oil market could enter the danger zone, CNN reported Friday. Earlier this week, industry officials warned the White House that gas prices could spike yet again due to rapidly diminishing inventories, which could be wiped out in a matter of weeks. Maybe Trump could fill some of these tankers with the 100 million barrels of oil he claims to have miraculously moved through the strait without Iran noticing.

Left

Read →

Trump Is Targeting Immigrants From Places Hardest Hit by Climate Shocks

Mother Jones

3 days ago

Trump Is Targeting Immigrants From Places Hardest Hit by Climate Shocks

This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. Donald Trump’s immigration crackdown is largely targeting people from the countries most vulnerable to displacement from climate-driven disasters, a Guardian analysis shows. As the Trump administration pushes policies to boost planet-heating fossil fuels, millions of people are being forced to flee their homelands due to […]

Left

Read →