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As Iran releases the new supreme leader's first statement, we hear from the country's UN ambassador, Ali Bahreini. We also track the expanding Israeli military assault on Lebanon, and ask how the insurance industry is handling the Iranian blockade of the Strait of Hormuz, a major conduit for global oil supplies.
Also in the programme: British tourist among those arrested in Dubai for having missile photographs on his phone; and a tribute album for the jazz musician Miles Davis on the centenary of his birth.
(Photo: Iranian supreme leader Ayatollah Mojtaba Khamenei; Credit: ABEDIN TAHERKENAREH/EPA/Shutterstock)
The radical classical liberals of the past were not so naive as to think that words on paper would prevent the abuses of the central state. Allowing the central state to have a monopoly on coercive power is always a mistake.
Original article: https://mises.org/mises-wire/only-power-can-check-power
President Trump’s war with Iran continues to provoke economic consequences. With the Strait of Hormuz closed, Middle East crude oil will be blocked from reaching refineries, including those in California. In this episode, what happens if those refineries run out of oil. Plus: Single-family home construction slows as costs rise, winter Paralympians face unique obstacles, and fickle weather reshapes the ski resort business model.
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ICE may have wound down its operations in Minnesota, but the state is still facing the economic consequences of Operation Metro Surge. This has fueled concerns that an eviction crisis could take hold, particularly in the Twin Cities. On today’s show, Kimberly joins MPR News correspondent Dana Ferguson in St. Paul, Minnesota to discuss measures the state legislature is taking to provide economic relief to renters, and what life has been like since she last checked in with us on “Make Me Smart.”
Law enforcement sources tell CBS News there were mortar-type explosives found in the vehicle that rammed into a synagogue in the Detroit suburbs. The driver was killed by a security guard.
Shooter at Old Dominion University identified as a former Virginia national guardsman who was imprisoned for providing material support to ISIS.
Iran's leader says Strait of Hormuz will remain closed.
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P.M. Edition for Mar. 12. The economic risks of the war in Iran are getting real on Wall Street. Brent crude jumped above $100 a barrel and U.S. stocks sold off. Plus, the tie-up in the Strait of Hormuz is rippling across the global economy, and that includes sending the price of fertilizer skyrocketing. We hear from Journal agriculture reporter Patrick Thomas about what this means for U.S. farmers going into the spring planting season. And employees of medical-technology company Stryker woke up yesterday to find that their devices had been disabled due to a cyberattack. James Rundle, who covers cybersecurity for WSJ Pro, discusses how the war in the Middle East is playing out in the world of hackers. Alex Ossola hosts.
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All three major indexes lost more than a point. Plus: Bumble shares jumped as the company touted its turnaround strategy. Katherine Sullivan hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Plus: Lucid launches three new models and a robotaxi as the EV company expands its midsize-vehicle platform. And Atlassian to cut about 10% of its workforce. Julie Chang hosts.
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