Pope Leo XIV on Saturday declared capital punishment ”inadmissible” as he marked the World Day Against the Death Penalty and his native United States announced plans to livestream an execution by firing squad. In a post on X, the American pope quoted the revised Catholic teaching on capital punishment ushered in by Pope Francis that the
Kevin Warsh may be the most hawkish Federal Reserve chair since Paul Volcker. That’s a compliment in some circles. It’s also a warning. Volcker beat inflation, but he broke things on the way, and the bond market is now finding out what Warsh might break. Thirty-year Treasury yields have climbed to their highest level since
Most professional coaches and athletes know they only get better with each loss. The purported GOAT of basketball, Michael Jordan, even said so in a famous 1997 Nike commercial: “I’ve failed over and over and over again in my life” and that’s why he’s so successful. Sports professionals expect some losses, and expect to learn
The high-risk, high-reward business of moving oil through the Strait of Hormuz has gotten riskier and more rewarding. Despite steady attacks from Iran, oil tankers and other commercial vessels have continued flowing through the narrow waterway. With protection from the U.S. military and help from pipelines bypassing the strait, Persian Gulf oil flows returned to
Congressional Budget Office Director Phillip Swagel said faster economic growth is unlikely to keep U.S. debt in check, even if GDP expands at more than double its current pace. Gross debt is now $40 trillion, and publicly held debt is 100% of GDP. Just keeping that ratio flat, let alone bringing it down, would require
The latest attack on the international airport in Saudi Arabia’s capital of Riyadh killed 12 people and injured over 300 others, civil aviation authorities said early Sunday, with some in critical condition. The attack was the deadliest in any Gulf Arab country since the start of the Iran war, whose fronts have expanded to include the recent
