Russian President Vladimir Putin has landed in an unenviable position. His country has the resources to inflict damage on Ukraine in perpetuity. But because the first phase of the war has been so costly for Russia and because Ukraine’s military is mounting such stiff resistance, Russia faces serious difficulty...
Ukraine Wants Longer-Range Ammunition for Donbas Gunfight
The Biden administration is under pressure from Ukrainian officials and some in Washington to provide longer-range missiles to Ukraine after announcing a plan to send four multiple launch rocket systems to Kyiv earlier this week. The decision not to send the highest-caliber munitions along with the system, which the...
Israel Signs Historic Trade Deal With UAE, Its Biggest With Any Arab Country
Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of the two countries’ historic normalization deal in 2020 known as the Abraham Accords. With a stated target of increasing annual bilateral trade to more than $10 billion over the next...
Does California Have Enough Water for Lots of New Homes? Yes, Experts Say, Despite Drought
To some, it defies common sense. California is once again in the middle of a punishing drought with state leaders telling people to take shorter showers and do fewer loads of laundry to conserve water. Yet at the same time, many of the same elected officials, pledging to solve...
Keep an Eye on These ‘Overvalued’ Housing Markets as the Housing Boom Implodes
Fundamental economics tells us that home price growth and income growth are interwoven. Neither can outrun the other for very long. That is what’s concerning about the pandemic’s housing boom: Over the past year, home price growth (20.6%) is four times greater than income growth (4.8%). That disconnect has more economists flirting with...
Joe Biden Says 9mm Bullet ‘Blows the Lung out of the Body’
President Joe Biden said a 9mm bullet "blows the lung out of the body" while discussing options on gun legislation on Monday, prompting some to suggest he was calling for handguns to be banned. Biden made the remarks while speaking to reporters outside the White House, a day after...
A Return to Permanent War Is Here: First It Will Bankrupt America, Then Destroy It
The United States, as the near-unanimous vote to provide nearly $40 billion in aid to Ukraine illustrates, is trapped in the death spiral of unchecked militarism. The permanent war economy, implanted since the end of World War II, has destroyed the private economy, bankrupted the nation, and squandered trillions...
Iran Seeks Trade Expansion in Armenia, Other South Caucasus States
In recent months, Iran has engaged in active foreign policy in the South Caucasus to push its geo-economic interests forward. Iran’s Finance and Economic Minister headed a delegation to Yerevan in April to meet Armenian officials and negotiate with the Armenian side over trade. The Iranian side argued that...
Bulletproof Backpack Sales Soar to Record Levels After Uvalde Shooting
Companies in California and Hawaii that make bulletproof backpacks and body armor are reporting record sales following the elementary school mass shooting in Uvalde, Texas, The Washington Times reports. "In less than 24 hours after the shooting, we’ve reached our highest sales record to date. The majority of which...
Agrarian University Hosts 1st Armenian-Iranian Agrotechnology Conference
The 1st Armenian-Iranian Agrotechnology Conference is underway at the National Agrarian University of Armenia in Yerevan. The event will lay the foundation for effective and sustainable cooperation between agrotechnology companies from Armenia and Iran, the Iranian Ambassador to Armenia Abbas Badakhshan Zohouri said in remarks at the conference. Deputy...