President Trump seems to be trying in earnest to end the Iran war that we embarked upon on Israel’s behalf, and it’s upsetting all the right people. If New York Times columnists Bret Stephens and Thomas Friedman are disappointed, the president is doing something right. These are the Israel First type people who are anathema […]
Now fighting is over, the question is how Iran's government will behave. Early clues point to more authoritarianism and prioritising relations with China
Iran’s Revolutionary Guard Corps warned it was closing the Strait of Hormuz Saturday, even as Vice President Vance said there was no evidence that it had been shutdown.
Iran said it has closed the Strait of Hormuz for shipping transit due to what it called a violation of the ceasefire by Israel, as continued attacks in southern Lebanon pose a growing setback to prospective peace talks.
A report published Friday reveals how President Donald Trump’s policies have jacked up prices for a host of potential Father’s Day gifts this year.Overall, the analysis by Groundwork Collaborative, a progressive economic think tank and advocacy group, finds that prices for popular Father’s Day gifts have risen by nearly 19% on average over the last year, highlighted by a 30% increase in the price of Remington electric shavers, a 16% jump for Blackstone electric griddles, and barbecue tools up by 11%.The analysis traces price increases of popular personal care products to Trump’s global trade war, which he began last year with his “Liberation Day” tariffs levied on practically every nation in the world.“Many shavers and trimmers are imported from China, which has faced multiple layers of tariffs,” notes the report, “in addition to containing steel and aluminum components, which are also subject to additional tariffs.”The report also points out that electric shaver manufacturer Braun “increased the price of its Series 9 All-in-One Beard Trimmer by $50” last year after Trump’s big tariff announcement, and that the price has since gone up by another $10.Examining the increase in grilling product prices, the report pins the blame not only on Trump’s tariffs, but also his illegal war of choice with Iran.“The Middle East is a major producer of the petrochemical used to make plastics and synthetic fibers,” the report explains. “Trump’s reckless war on Iran has increased the price of these petroleum-derived products, helping drive up the cost of items like grilling tools, which cost nearly 22% more this year.”Elizabeth Pancotti, managing director of policy and advocacy at Groundwork Collaborative, summarized the report’s findings by warning that “Dads are in for disappointment this Father’s Day” thanks to Trump’s economic policies.“While dads across the country should be able to relax and enjoy the day with loved ones,” Pancotti added, “they’re instead forced to worry about how they’ll make ends meet in Trump’s economy.”Trump’s tariffs and the Iran war have sent inflation in the US to its highest levels in three years. As data released by the US Bureau of Labor Statistics (BLS) last week showed, overall prices in May posted a yearly increase of 4.2%, highlighted by a 23.5% yearly increase in energy prices.Heather Long, chief economist at Navy Federal Credit Union, said last week that inflation has now grown “so high that it’s erasing all wage gains” being made by American workers.
Since there isn’t anything really important going on in the world, the media has swarmed over the troubles with the overhaul of the Lincoln Memorial Reflecting Pool, […]