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The month-long closure of a crucial waterway for the global energy supply has sparked warnings the world is heading for problems worse than those caused by the 1970s oil crisis. Lars Jensen, a shipping expert and former director at Maersk, told the BBC the impact of the US-Israeli war on Iran could be "substantially larger" than the economic chaos seen in the 1970s. His comments follow a warning from the director of the International Energy Agency, Fatih Birol, earlier this month that the world is "facing the greatest global energy security threat in history". "It is much bigger than what...

On Friday, Republican Congressman Sam Graves of Missouri became the 36th Republican -- and 57th House member -- to announce plans not to seek re-election, saying it was time to "pass the torch" to a new generation. In fact, more Republicans are retiring ahead of the midterms than at any point in nearly a century, according to an ABC News tally of retirement announcements and a review of historical data since 1930 compiled by the Brookings Institution. Heading for the exitsThat's a larger cohort than the 34 Republicans who did not run to keep their seats in 2018, when Republicans...

Someone should do a wellness check on The New York Times. Looks like its journos read the portents wrong — AGAIN — on another one of its apocalyptic prognostications on the economic consequences of President Donald Trump taking out the Islamist regime in Iran. Times business reporter Emmett Lindner nonsensically tried to dig up the corpse of the 1970s oil price shock following the Yom Kippur War as a comparative case study to what is transpiring around the Persian Gulf as Israel and the U.S. decimate Iran’s war machine. “Echoes of the ’70s in What’s Now the Largest Oil Shock...

WEST PALM BEACH, Fla. (AP) — In the two weeks since the U.S. and Israel launched strikes on Iran, President Donald Trump increasingly has been knocked on his political heels. He’s grown more agitated with news coverage and has failed to find a way to explain why he started the war — or how he will end it — that resonates with a public concerned by American deaths in the conflict, surging oil prices and dropping financial markets. Even some of his supporters are questioning his plan and his overall poll numbers are declining. Meanwhile, Moscow is getting a boost...

America should not play global judge, jury, and executioner. This role is bad for us. It harms our economy and rots our national character. Moreover, foreign wars distract from much more important goals here at home. Trump’s decision to pursue the Iran war, for instance, distracts from his much more important domestic policy goals on immigration, inflation, and dismantling leftist-controlled institutions. The political capital required to wage this war of choice is simply too high. The downside risks of being sucked into a months- or even years-long war are too great. The threat to the global economy from a sustained...

President Donald Trump and some of his closest advisers were caught off guard by the scope of Iran’s military response to U.S. strikes, while key Gulf allies have privately expressed anger at the White House’s decision to escalate the conflict, according to a Wall Street Journal report. The publication reported Friday that “the president and some aides were surprised at the breadth and scope of Iran’s retaliation,” which included missile and drone launches targeting regional countries from Azerbaijan to Oman, according to people familiar with the matter.” Gulf allies have reacted sharply behind closed doors. “Allies in the Gulf are...

A former U.S. Central Command (CENTCOM) official said Iran is holding the world’s energy supply hostage using "World War I-style" tactics. Iran has responded to U.S. and Israeli strikes by halting shipping through the Strait of Hormuz, a vital artery for global oil. The regime is using sea mines, which it has reportedly stockpiled by the thousands, to make traversing the strait difficult and deadly. "This is a nightmare more than 30 years in the making," former CENTCOM Communications Director Col. Joe Buccino (Ret.) said Saturday on "Fox & Friends Weekend." "What you just indicated there on your wall is...

For around 15 years, many American leaders — including all three presidents in that period — believed that the country was too deeply entangled in trying to reorder the societies of the Middle East. They felt the more pressing challenges included rebuilding America’s industrial base and confronting the rise of China. Yet here America is, once again, fighting a war to reorder a society in the greater Middle East. And like in Iraq, Afghanistan and Libya, this war seems unlikely to turn out quite as its proponents may hope. Why does this keep happening? To understand the present, look at...

MIAMI — President Trump said Monday that he’s brought prices down so much that Democrats have stopped using the word “affordability.” “They also gave us very high prices and then they said the word, ‘affordability.’ That’s first time I ever heard it,” Trump said at the annual House Republican retreat in Miami. “My first day in office, they said, ‘affordability,’ They’re the ones that caused the problem,” he continued. “But we’re really bringing down prices big. “Do you notice you don’t hear that word anymore? … They don’t say it anymore because we brought down prices so much.” Trump said...

Eight months before the crucial midterm elections, the administration of President Donald Trump is battling high living costs. The strike against Iran threatens to undo the first successes achieved in the struggle against inflation via falling energy prices. Ludwig Erhard understood the formula for sustained political success. The equation was as simple as it was powerful: stable money circulating in free markets coordinates the millions of individual decisions made by households, businesses, and credit institutions -- day after day -- in the most efficient manner. Stable money requires a lean state. Public debt, meanwhile, is widely regarded as the primary...

New documents show the crew on board the United States' newest aircraft carrier are growing increasingly frustrated by design flaws that lead to regular failures in the ship's toilet system. The USS Gerald R. Ford has been deployed for seven months since it left Norfolk in June. On board the carrier, the crew is battling a toilet system that the General Accountability Office reported in 2020 was undersized and poorly designed. The system continues to fail during deployment, forcing the crew of 4,600 sailors to live with a system that randomly breaks down during their months at sea. NPR has...

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The secretary of Miami-Dade County’s Republican Party started a group chat primarily for conservative students last fall — and within three weeks it was filled with racist slurs, someone wrote dozens of ways of violently killing Black people and the chat was renamed after what one member described as “Nazi heaven.” In WhatsApp conversations leaked to the Miami Herald, participants used variations of the n-word more than 400 times, regularly described women as “whores,” used slurs to talk about Jewish and gay people and mused about Hitler’s politics. Interspersed throughout were discussions about events promoting the Republican Party at Florida...

You’ve heard of Optimist International, the global service organization. If there were a “Pessimist International,” MS NOW military analyst Barry McCaffrey could be kicked out of it — for being too darn negative. Caution is warranted when predicting U.S. success in foreign military operations. Vietnam, Afghanistan, and Iraq remain sobering reminders. But appearing on MS NOW’s continuing Iran coverage last night, retired Gen. Barry McCaffrey — Bill Clinton’s former drug czar — took pessimism to new heights. In roughly two minutes, McCaffrey declared success in key American objectives in Iran “unlikely” four separate times — and added a “not likely”...

Give me a phone and a list of registered Democrats, and I’ll find you one who thinks Donald Trump's the greatest thing since sliced bread — and Gavin Newsom is the devil incarnate. That’s essentially the level of polling rigor Audie Cornish brought to Tuesday’s edition of CNN This Morning. Discussing issues ahead of the State of the Union address, Cornish said: “We called up one of the people we polled, a Republican voter, Sean from New Mexico. He said: ‘I think people were expecting Trump to provide a bit of relief to their suffering. Grocery prices are just through...

Fulton County, Georgia, officials said Wednesday that the FBI seized original 2020 voting records while serving a search warrant at the county's Elections Hub and Operations Center. The FBI earlier Wednesday said they were conducting court-authorized activity at the facility. The development comes after President Donald Trump has repeatedly said there was voter fraud in the 2020 election, specifically in Georgia, that contributed to his election loss. Georgia officials audited and certified the results following the election.

ZDNET's key takeaways Agentic AI technology is marked by a lack of disclosure about risks. Some systems are worse than others. AI developers need to step up and take responsibility. Agentic technology is moving fully into the mainstream of artificial intelligence with the announcement this week that OpenAI has hired Peter Steinberg, the creator of the open-source software framework OpenClaw. The OpenClaw software attracted heavy attention last month not only for its enabling of wild capabilities -- agents that can, for example, send and receive email on your behalf -- but also for its dramatic security flaws, including the ability...

ith all eyes on the U.S. military buildup around Iran right now, the Russia-Ukraine War has been temporarily upstaged. It will not play second fiddle for long. The recent trilateral talks in Geneva involving the Russian Federation, Ukraine, and the United States have been unable to resolve a principal issue of disagreement: Ukraine’s martial-law-president Volodymyr Zelenskyy’s refusal to cede any land and Russia’s insistence that the Donbas region — specifically the four eastern territories that have already held a referendum in support of becoming part of the Russian Federation — be acknowledged as sovereign Russian territory. As the war heads...

Across the artificial intelligence (AI) supply chain, insiders describe a precarious, high-turnover workforce with limited support and stability.This “invisible” human labor that labels data, evaluates outputs, and filters harmful material has become a revolving door of talent that navigates high-pressure gigs and burnout. Moreover, workers and industry experts say this talent churn can degrade the very AI models workers are paid to improve.Across the board, workers who are hired to support, evaluate, or operationalize AI systems face similar challenges: high-stress environments that often involve complex tasks, unrealistic timelines, job instability, and low wages.It’s no secret that the tech industry has...

Think back to February 2020. If you were paying close attention, you might have noticed a few people talking about a virus spreading overseas. But most of us weren't paying close attention. The stock market was doing great, your kids were in school, you were going to restaurants and shaking hands and planning trips. If someone told you they were stockpiling toilet paper you would have thought they'd been spending too much time on a weird corner of the internet. Then, over the course of about three weeks, the entire world changed. Your office closed, your kids came home, and...