Notes in the Margin

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.” 

According to Tehran Times ... 1,460 of the victims were identified as civilians.

While April's reading was slightly improved from the preliminary reading, it remained the lowest in data back to 1978.

The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose more than 3 basis points to 4.325%.

Perhaps Thiel will help build a surveillance state for for the Argentine regime similar to the illegal American spy state that Trump and Thiel wholeheartedly support. 

It's unclear if the move will clear the way for Kevin Warsh's nomination as new Fed chair. 

The Israeli occupation of southern Lebanon (which includes many Christian communities)  subjects the locals to routine looting and desecration of religious sites. 

The UAE, one of the US regime's favorite dictatorships in the gulf, may get a currency-swap bailout similar to the Trump bailout for Argentina.