“.. One official said the Strait of Hormuz could become an Iranian ‘kill box’ if ships start trying to pass through.
@wsj.com
www.wsj.com/world/middle...
12.03.2026 01:24
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“.. One official said the Strait of Hormuz could become an Iranian ‘kill box’ if ships start trying to pass through.
@wsj.com
www.wsj.com/world/middle...
“ … a DOJ source told the Miami Herald that agents found her to be credible – and that they would not have interviewed her four times if they thought she was lying.”
“… the woman described how Epstein trafficked her to several men, including Trump, in the 1980s.”
U.S. forces likely bombed an Iranian elementary school on Feb. 28 during an operation targeting a nearby military base, a New York Times analysis suggests. It is the deadliest known episode of civilian casualties since the U.S. and Israel attacked Iran — and no side has yet taken responsibility.
"What Texas does do right, however, is let businesses build stuff, especially housing, in stark contrast with the regulations and multiple veto points that strangle construction in many blue states."
--Paul Krugman open.substack.com/pub/paulkrug...
Really bad algorithms for news
Downloaded Claude app for the first time after Anthropic’s principled decision to not assist in domestic surveillance or unmonitored drones killing people. It’s pretty cool.
Fed Chair Powell might stay on as a governor, Jim Bullard says via Kathleen Hays. Bullard is a keen observer of the Fed and very clued in, so it’s worth considering carefully.
open.substack.com/pub/kathleen...
Fed's Bostic in retirement letter: "The legal and rhetorical battles raging around the central bank right now have caused people across a wide cross-section of our population to begin to doubt the Fed’s independence. This is a major concern."
The NYT just confirmed the missing Epstein files and is treating this like a blockbuster story:
www.nytimes.com/2026/02/25/u...
Hassett apologizes for comments made on CNBC where he called for NY Fed researchers to be disciplined for their findings that 90% of tariffs are paid by the US businesses and consumers. 1/
RenMac:
NEC Director Kevin Hassett calls for @newyorkfed.org researchers to be "disciplined" for a study that shows US companies bear nearly 90% of the Trump tariff burden.
Indeed, the NY Fed conclusion differs from the Kiel Institute, which estimates 94%; and the CBO, which estimates 95%...
This is exactly right and a great thread. People don’t want to admit the economy and most Americans were doing well post Covid (and now as well) and that inflation has come down a lot, because it seems contrary to vibes or their political messaging. But the actual facts matter.
You wonder how some people can sleep at night. And if they can, how tiny their hearts must be.
In general, more transparency is better than less transparency— which is not to say communications can’t be improved.
There really needs to be extremely long sentences for murdering dogs. This from north Georgia.
Why should indexes treat this differently from any other high profile IPO?
Schumer & Jeffries lay out the Democratic demands for a DHS funding deal in a letter to the top Republican leaders
The thing where ICE parks masked men in school lots is something I would not have believed unless I saw it with my own two eyes. They do it constantly. It’s purely a terror tactic and they’ve done it to schools over the region. Our schools are collapsing - often at 50% attendance or less.
Where are the videos?
Jason is a very smart guy and almost certainly genuinely believes Warsh will adapt in the job and has a reasonable understanding of monetary policy and economics—and hopefully he will be proven right! But the downside is potentially pretty big if he’s wrong.
Jason Furman praising Warsh reminds me of how some establishment Democratic lawyers praised the Alito and Gorsuch nominations and said they would be just fine. Of course they were self interested because they or their cases would go before the court.
Sports figures are showing a lot more courage than business executives in speaking out in favor of free speech and free assembly and against state-sponsored murder.
This was an execution by ICE of a peaceful ICU nurse.
open.substack.com/pub/harrylit...
37-year -old ICU nurse murdered by ICE goons.
To repeat: Abolish ICE.
Minneapolis police need to arrest the ICE thugs for murder.
It appears the Federal Reserve’s century-old independence might survive 2026.
www.bloomberg.com/news/article...
She basically has to say that or the case (if there ever were one, which is unlikely) would be dismissed as a political prosecution.
Love that Heated Rivalry has become such a big hit.