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Fiscal Cliff: Hasty Fix Would Cause ‘Austerity Bomb’
Republicans claim $2.2 trillion would be saved by their plan for deficit reduction, but economist Paul Krugman calls it a “vapor plan,” lacking details on where savings will come from. Krugman, an economics professor and 2008 Economics Nobel Prize recipient hits hard on the substance of the two plans and why reducing the deficit too fast will push the economy back into recession.
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Why Trump’s attacks and threats to Iran’s Kharg Island are a big deal
If the U.S. follows through on its threats to bomb the oil assets on Kharg Island, the war would likely escalate and oil prices would increase exponentially. (Image credit: Atta Kenare) Article Attribution | Read More at Article Source
Japan’s PM to visit Trump as president continues pleas for help with Strait of Hormuz
As Japan's Prime Minister Sanae Takaichi prepares for her first White House visit, President Donald Trump calls for Japan and other allies to send warships to the Strait of Hormuz. Article Attribution | Read More at Article Source
NPR’s Leila Fadel talks about her experience in Iraq amid the Iran war
NPR's Leila Fadel discusses what she was hoping to learn and what she found during her recent trip to Iraq amid the war with Iran that has engulfed the region. Article Attribution | Read More at Article Source
Israel and Iran attack gas facilities, in a major escalation that rattles markets
President Trump said that Israel acted alone when it struck the South Pars gas field in Iran. Trump threatened Iran to halt its attacks on Qatar's facilities, or face a "blow up" of their South Pars field.(Image credit: Oliver Contreras) Article Attribution | Read...
How the Iran war has left Europe facing yet another energy crisis
Italian Prime Minister, Giorgia Meloni, said last week: "With the outbreak of the crisis in the Middle East, the issue of energy prices has clearly become even more important, which is why, at European level, we are also calling for the urgent suspension of the...
US intelligence chief says Iran’s regime ‘intact’ but ‘degraded’
Lawmakers pressed intelligence officials about the Iran war, and if the Islamic Republic had posed an imminent threat. Article Attribution | Read More at Article Source
Iran war hinders the flow of U.N. aid through the Gulf to communities in need
It's not just oil tankers stranded near the Strait of Hormuz. U.N. aid shipments are also hindered by the war in Iran. Article Attribution | Read More at Article Source
Iran’s intelligence minister Esmail Khatib killed in air strike
Israel said it had killed Khatib, whose death was confirmed by Iranian President Masoud Pezeshkian on Wednesday. Article Attribution | Read More at Article Source
India’s cheap weight-loss drugs could reshape global obesity fight
Several Indian drugmakers are already preparing to make the move. According to Sheetal Sapale, vice-president at research firm Pharmarack, major firms including Cipla, Sun Pharma, Dr Reddy's Laboratories, Biocon, Natco, Zydus and Mankind Pharma are readying branded...
US judge orders Trump administration to reopen Voice of America
Just weeks after returning to office as president, Donald Trump issued an executive order to close the broadcaster which his officials accused of left-wing bias. Trump also ordered outlets such as Radio Free Europe and Radio Free Asia to be "eliminated to the maximum...
Italy warns Russian tanker could explode in Mediterranean at any time
In December, the Ukraine's SBU intelligence service said it had crippled three vessels in two weeks in the Black Sea, including the Dashan which it said had suffered "critical damage". Just over a week later, the Quendil oil tanker was hit in the Mediterranean....
Oil nears $110 a barrel after gas field strike
"As previously warned, if the fuel, energy, gas, and economic infrastructures of our country are attacked by the American-Zionist enemy, in addition to a powerful counterattack against the enemy, we will severely strike the origin of that aggression as well," the...