How high energy prices are making things better this summer

How high energy prices are making things better this summer
In early January, a barrel of crude wanted $76.08 on the New York Mercantile Exchange. At the time, American consumers were hitting the road again from their COVID-19 lockdowns, and the industrial economy was waking up from harsh disruption. The... Read more

Russia ‘almost certainly’ has established major new ground force to fight in Ukraine: UK intelligence

Russia ‘almost certainly’ has established major new ground force to fight in Ukraine: UK intelligence
Russia has “almost certainly” established major new ground forces in a village east of Moscow as it seeks to gain the upper hand in its war with Ukraine, according to UK intelligence. The UK Ministry of Defense said in a... Read more

Wyden introduces bill to double tax on excess oil profits

Wyden introduces bill to double tax on excess oil profits
Legislation introduced by Sen. Ron Wyden (D-Ore.) would double excess profit taxes on oil companies making more than $1 billion a year. The bill, the Big Oil Profits Tax Act, would impose a 21 percent tax on the excess profits... Read more

Putin’s war is economic suicide

Putin’s war is economic suicide
Historians will write that Russian President Vladimir Putin’s fatal miscalculation was his belief that Europe would collapse if he invaded Ukraine due to its over-reliance on Russian energy. But over-reliance works both ways: Europe was dependent on Russian oil and... Read more

Hundreds of Western components found in Russian weapons in Ukraine: think tank

Hundreds of Western components found in Russian weapons in Ukraine: think tank
A British defense think tank has identified 450 unique microelectronic components in Russian military equipment left in Ukraine that appeared to have been made by American, European and East Asian companies. In association with Reuters, the Royal United Services Institute... Read more

Putin’s nuclear chaos

Putin’s nuclear chaos
“Fauda” is the name of the exciting Israeli television series that is about to premiere its fourth season on Netflix. Fauda means “chaos” in Arabic and is the word used by the Israeli special forces when they lose control of... Read more

Russia has seen 70,000 to 80,000 casualties in attack on Ukraine, Pentagon says

Russia has seen 70,000 to 80,000 casualties in attack on Ukraine, Pentagon says
Russia’s military has suffered between 70,000 and 80,000 casualties since it first attacked Ukraine in late February, the Pentagon’s top policy official said Monday. “The Russians are taking an enormous number of casualties,” Colin Kahl, deputy secretary for policy at... Read more

Amnesty says it stands by report on Ukraine military that sparked ‘distress and anger’

Amnesty says it stands by report on Ukraine military that sparked ‘distress and anger’
Amnesty International said it stood by its recent findings that the Ukrainian military endangered civilians by operating out of schools and hospitals, but the group tried to clarify its report on Sunday to quell uproar from Ukrainian officials and Western... Read more

Blinken targets Russia in major African policy speech

Blinken targets Russia in major African policy speech
Secretary of State Antony Blinken called out Russia on Monday for exploiting instability in Africa, committing abuses with impunity and blamed Moscow for worsening food security on the continent over its war in Ukraine. The secretary’s comments were part of... Read more

UN chief criticizes ‘suicidal’ attacks on Ukraine nuclear plant

UN chief criticizes ‘suicidal’ attacks on Ukraine nuclear plant
United Nations Secretary-General António Guterres on Monday called recent attacks on a nuclear power plant in Ukraine, which is Europe’s largest, “suicidal.” “Any attack on a nuclear plant is suicidal and I hope those attacks will end,” Guterres said in... Read more