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Whether or not you share the zeal for cuts in government spending embraced by President Donald Trump and his billionaire sidekick Elon Musk, you should know that giving Musk and his callow team of computer coders access to payment systems at the U. S. Department of Treasury risks a global financial meltdown. It doesn't make such an event certain, but it lowers the odds considerably. Here's why: First, the U.S. Department of Treasury processes some $6 trillion in payments each year. If that system were to come to a halt for even a relatively short…
U.S. President Donald Trump is restoring the “maximum pressure” campaign on Iran, aiming to drive down the Islamic Republic’s oil exports to zero. But at the same time, President Trump signaled a willingness to negotiate a new nuclear deal with Iran that would allow it to “peacefully grow and prosper”—without obtaining a nuclear weapon. “I would much prefer a Verified Nuclear Peace Agreement, which will let Iran peacefully grow and prosper. We should start working on it immediately,” President Trump…
President Trump has been emphatic about his support for oil and gas throughout his electoral campaign and since coming into office. In addition, he has made it clear that he is far less supportive of renewable energy, calling Biden’s groundbreaking climate policy – the Inflation Reduction Act (IRA) – a “Green New Scam. Greatest scam in history, probably.” While many U.S. energy leaders believe the green transition is unstoppable, Trump appears set on restricting renewable energy expansion in favour of growing the domestic…
In May 2024, Dmitry Medvedev, a former Russian president fond of chastising the West, lashed out at a smart speaker. He criticized Alice, a device produced by Russian technology giant Yandex, for refusing to answer a question about Ukrainian monuments to Stepan Bandera, a Ukrainian who led an insurgent war against Soviet forces and collaborated with the Nazis during World War II. Medvedev called Alice's creator "a terrible coward" and hinted that the company's managers should receive the status of foreign agent, a designation Russia uses to clamp…
The Department of Treasury has issued a fresh round of sanctions targeting several individuals and vessels involved in the sale and transportation of Iranian crude to China. “The oil was shipped on behalf of Iran’s Armed Forces General Staff (AFGS) and its sanctioned front company, Sepehr Energy Jahan Nama Pars (Sepehr Energy). This action includes entities and individuals in multiple jurisdictions, including the PRC, India, and the United Arab Emirates (UAE), as well as several vessels,” the Treasury said. The move follows President…
