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FED CUTS FEDERAL FUNDS RATE AGAIN

Federal Reserve Board Chairman Jerome Powell cut the federal funds rate 25 basis points today, leaving the benchmark rate at 2.00%. Markets hoped that Powell would slash rates 50 basis points but, in the end, Powell couldn’t justify anything more than a...

SAUDI ARABIA BLAMES IRAN FOR ATTACK

When Saudi Arabia’s Abaqiq oil refinery was hit by a predator drone and Cruise missiles Sept. 14, wiping out 5% of the world’s refined oil capacity, Iran denied any involvement. With the war raging in Yemen since 2015, it’s easy to blame Yemen’s Houthi rebels for past...

NEW YORK TIMES CORRECTS KAVANAUGH STORY

When the New York Times published its recent story about past sexual exploits of Supreme Court Associate Justice Brett Kavanaugh, Democrats once again rushed to judgment. Kavanaugh’s main accuser Dr. Christine Blasey-Ford insisted Kavanaugh tried to rape her at a...

TRUMP SAYS U.S. LOCKED-AND-LOADED WITH IRAN

Responding to Iran’s threats of “all-out war” with the United States, 73-year-old President Donald Trump said the Pentagon was “locked-and-loaded,” after Iran’s Houthi rebels hit Saudi Arabia’s main petroleum refinery yesterday with a predator drone attack. When...

IRAN’S HOUTHI REBELS ATTACK SAUDI ARABIA

Iran’s Houthi rebels attacked two of Saudi Arabia’s largest oil refineries, setting them ablaze, leaving world oil supplies in doubt when markets open Monday, Sept. 16. Iran’s role in funding-and-arming Yemen’s Houthis in a proxy war against Saudi Arabia has been...

IRAN REJECTS TRUMP’S OVERTURE TO TALK

When the U.N. General Assembly opens Sept. 17, 73-year-old President Donald Trump offered to talk to Iran about U.S. sanctions, after Trump backed the U.S. out of the July 15, 2015 Joint Comprehensive Plan of Action [JCPOA]. Also known as the Iranian Nuke Deal, the...

CLOCK TICS ON DEMOCRAT CANDIDATES

When the 10 highest polling Democrat candidates take the stage tonight in Houston for the third debate, voters will get a chance to see former Vice President Joe Biden (D-Del.) and Sen. Elizabeth Warren (D-Mass) at the same time. While Biden remains the front-runner...

AL QAEDA SENDS SEPT. 11 GREETING

Released today on the 18th anniversary of Sept. 11, Osama bin Laden’s 68-year-old former Egyptian doctor now head of al-Qaeda Ayman al-Zawahri urged jihadists to attack U.S., Israeli, European and Russian targets. Zawahri inherited al-Qaeda, the global terror group...

BOLTON OUT AS NATIONAL SECURITY ADVISER

Resigning today as National Security Adviser, 70-yeard John R. Bolton, finished his tumultuous term, started April 8, 2018 when he replaced 73-year-old President Donald Trump’s former National Security Adviser H.R. McMaster. While replacing McMaster with Bolton over...

IRAN DEFIES EU INCREASING URANIUM ENRICHMENT

Asking the European Union for $16 billion in cash or loan guarantees for petroleum sales, Iran threatened to ramp up uranium enrichment if it doesn’t get its demand. When 73-year-old President Donald Trump withdrew the U.S. from former President Barack Obama’s July...