The province of Somaliland declared separation from the nation of Somalia in 1991 as the republic of Somaliland. It was first recognized as a sovereign nation by Israel on December 26, 2025.

Although the original DOGE program by all measures failed to cut government spending in any significant way, its influence was strongly felt by one agency: the US Agency for International Development (USAID). The Donald Trump administration slashed the agency’s budget and laid off most of its workers in both the US and abroad.

I recently joined Lena Petrova on the World Affairs in Context podcast to discuss the Austrian Money Supply measure (i.e., the Rothbard-Salerno measure), and how easy money drives price increases. Plus we discuss other threats to the standard of living both in the US and the world, including the Iran War and runaway federal spending and debt.

The latest rupture of the global energy map came Tuesday, when the United Arab Emirates said it would leave the Saudi-led OPEC.

The milestone comes as oil prices have surged higher over the past week amid a dual blockade by the United States and Iran of the Strait of Hormuz.

Alito wrote that “allowing race to play any part in government decisionmaking represents a departure from the constitutional rule that applies in almost every other context.” 

Europe is experiencing a significant escalation in the price of fuel as a result of the ongoing conflict in Iran, prompting notable discontentment and unrest among the population. This sentiment has reached a tipping point in Ireland, where numerous protests have been taking place for the past week. Farmers and hauliers have been blockading main arteries in big cities and also the only oil refinery in the country, causing severe disruptions and also a shortage of fuel in filling stations.