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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...