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Politics

Inside The Democratic Party Civil War - Ezra Klein - #1114

Ezra Klein is a journalist & political commentator. What’s actually happening in politics? The right says it’s winning. The left says democracy is at risk. Yet the country feels more divided than ever. So what’s really going on, and is it still possible for a leader on either side of the aisle to unite America? Expect to learn we’re being fracked by the politics of attention, if the left’s version of Joe Rogan could have swayed the political tides their way in 2024, why the Left has zero lead...

United Kingdom
Economy

Bastiat’s telephone?

Oakland has seen a 37% decrease in car break-ins over the last year. What’s good news for car owners is less so for repair shops that specialize in window and windshield replacements. Multiple businesses have reported a sharp decline in their income as a result. Here is the article, via Air Genius Gary Leff. The post Bastiat’s telephone? appeared first on Marginal REVOLUTION. CommentsIn reply to skeptic. Rent-seeking, transfer payments, . by Anti-GnosticIn reply to EBUG. I might suggest makin...

United States
Geopolitics

What are the possible effects of the U.S. destroying vessels in the Strait of Hormuz on international relations and safety in the region?

The U.S. military destroyed ten Iranian mine-laying naval vessels on Tuesday amid concerns that Iran is preparing to deploy mines in the Strait of Hormuz, President Trump said. Why it matters: A senior U.S. official told Axios the strike on the inactive ships was a preemptive measure that was a result of intelligence about Iran's operational plans. Iran's deployment of mines would create an extreme threat for commercial shipping in the region and prevent any oil from leaving through the Strait. Approximately one-fifth of the world's oil passes through the waterway. What they're saying: Trump threatened Iran in a Truth Social post with "military consequences" at a level "never seen before" if they were to place mines in the Strait. "If, on the other hand, they remove what may have been placed, it will be a giant step in the right direction," the president wrote, though he clarified that the U.S. has no reports that mines were placed in the waterway. "Additionally, we are using the same Technology and Missile capabilities deployed against Drug Traffickers to permanently eliminate any boat or ship attempting to mine the Hormuz Strait. They will be dealt with quickly and violently," he added. In a separate post, Trump said ten vessels were destroyed in a strike "with more to follow." Zoom out: CNN reported on Tuesday that Iran has started laying mines in the Strait of Hormuz, but that it was not extensive. "We thought the Iranians were planning to start laying the mines, so we took out many of the ships," the U.S. official told Axios

United States