In 1974 when Vice President Gerald Ford succeeded to the presidency after Richard Nixon resigned, the country was in a bad economic crisis. The Arab oil shocks of 1973 led to a 300% increase in the price of oil, which translated into inflation of more than 12%.
Ursula von der Leyen, President of the European Commission, said that the European Union would close its airspace to Russian aircraft in response to the recent Russian invasion of Ukraine, ABC News reported.
As Russian forces march closer to the capital city of Kyiv, the international community is sending military aid to Ukraine. However, Ukrainian President Volodymyr Zelenskyy is calling on nations to inflect financial punishments on Vladimir Putin for invading Ukraine.
Within the next couple of months it is likely that there will be direct US military involvement in Ukraine, with Russia now openly supporting and recognizing separatist groups in the Donbass region on the eastern edge of the country and apparently moving to aid them militarily in separation.
Florida Senator Rick Scott led GOP senators in introducing the Terminating Reckless and Unnecessary Checks Known to Erode Regular Shipping (TRUCKERS) Act.
While researching how Americans have been getting rich by helping the Chinese Communist Party achieve its outspoken aim of replacing the US as the "world's No.1 power," I came across the phrase "elite capture" -- their term to describe the actions of influential people in the US towards China.
Here’s an actual headline good for some laughs: “Vulnerable Senate Dems try to run as tax-cutters.” That howler of a header appeared this week in Politico.
