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MoreSince the ceasefire on April 8 and Trump’s apparent capitulation to Iran, it appears the Iranians will levy a toll on all oil passing through the Strait of Hormuz. The details are still unclear, but according to The Hill, citing the Financial Times, the Iranian Republic will levy $1 per barrel of oil to be paid in bitcoin on all traffic out of the Persian Gulf. The Iranian government obviously benefits from this, but who actually pays the toll? This question, what is known as tax incidence, is one important point of difference between the Austrian school and mainstream economics that remains widely overlooked, and the Hormuz toll is a good opportunity to highlight this difference and the Austrian, especially Rothbardian, approach to tax incidence. It is also an interesting political and economic question in its own right. Toll Economics The Hormuz toll imposed by the Iranians is paid immediately by the owners of the ships and cargoes of oil passing through. By the time of the ceasefire, there were about 2,000 vessels stuck in the Persian Gulf, but by no means all were oil tankers. For these cargoes, there can be no question of shifting the incidence of the toll. It is…
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NEWYou can now listen to Fox News articles! The United Kingdom government is moving to fund more same-day, or what some call “lunch-hour” abortions, in a shift officials say is about “removing barriers.” But critics warn could pressure women into rushed decisions.”The Government has announced plans to financially incentivize abortion clinics to provide ‘lunch-hour’ or ‘same-day’ abortions,” the conservative group Right To Life UK said in a Monday post. The Renewed Women’s Health Strategy for England, released this month by the Department of Health and Social Care, states it was “changing the NHS Payment Scheme to remove financial disincentives to provision of timely abortion care. This makes clear that prices paid should not discourage the delivery of consultations, scans and procedures on the same day, and asks providers and commissioners to agree arrangements to ensure the service is safe and sustainable.” MAJOR PRO-LIFE GROUP RELEASES ‘MAKE AMERICA PRO-LIFE AGAIN ROADMAP’ In the Monday post, Right To Life UK said that the policy of the National Health Service (NHS), the UK’s publicly funded health care system, has been that abortion clinics are usually paid separately for each component of the abortion process, identified as the initial appointment, scan, and abortion procedure.According to Right…
The U.S. Supreme Court has affirmed an Army soldier’s right to sue a military contractor whose employee detonated a suicide bomb on Bagram Air Base, Afghanistan, in 2016. In a 6-3 decision, the justices overturned a circuit court ruling that said veteran Army Spec. Winston Hencely could not cite state law to hold Fluor Corp. liable for an employee’s actions. Hencely had sued the company for negligence in state court in South Carolina, where two Fluor subsidiaries were headquartered. The bombing killed five service members and civilians and injured 17, including Hencely, who suffered a traumatic brain injury and lost the use of his left hand, arm and side of his face. Writing the opinion for the majority, Justice Clarence Thomas said Fluor’s argument — that it had immunity in wartime under federal law that shields the military from being sued for combat-related decisions — and the circuit court’s support of that defense swept “too broadly.” “Fourth Circuit … nonetheless found preemption simply because the suit arose in a wartime combat setting. [Another case decision’s] rationale, [Boyle v. United Technologies Corporation] justifies no such blanket preemption,” Thomas wrote. Thomas added that neither the Constitution or any federal statute explicitly preempted…
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NEWYou can now listen to Fox News articles! Two doctoral students at the University of South Florida have been missing for nearly a week, prompting police to turn to the public in hopes of finding the couple.Zamil Limon and Nahida Bristy, both 27, were last seen separately on April 16 in Tampa, Florida, according to the University of South Florida Police Department (USFPD) on Tuesday.Limon, a USF doctoral student pursuing a degree in geography and environmental science and policy, was last seen at his home around 9 a.m.Bristy, a USF doctoral student studying chemical engineering, was last seen around 10 a.m. on the USF Tampa campus at the NES Building.BOYFRIEND OF MISSING WOMAN DETAINED BY ICE AMID INVESTIGATION INTO HER DISAPPEARANCE: POLICE A family friend notified police on April 17 at approximately 4:50 p.m. after concern grew over being unable to contact both Limon and Bristy.Both have since been added to the state and national missing persons’ databases, police said. Limon’s brother told FOX 13 that the situation is highly unusual, calling the doctoral students “responsible and punctual.”GOT A TIP?”He is a very responsible and punctual person, and that’s why the situation is so unpredictable and unusual to us… like,…
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Since the ceasefire on April 8 and Trump’s apparent capitulation to Iran, it appears the Iranians will levy a toll on all oil passing through the Strait of Hormuz. The details are still unclear, but according to The Hill, citing the Financial Times, the Iranian Republic will levy $1 per barrel…
Watch full video on YouTube
NEWYou can now listen to Fox News articles! The United Kingdom government is moving to fund more same-day, or what some call “lunch-hour” abortions, in a shift officials say is about “removing barriers.” But critics warn could pressure women into rushed decisions.”The Government has announced plans to financially incentivize abortion…
The U.S. Supreme Court has affirmed an Army soldier’s right to sue a military contractor whose employee detonated a suicide bomb on Bagram Air Base, Afghanistan, in 2016. In a 6-3 decision, the justices overturned a circuit court ruling that said veteran Army Spec. Winston Hencely could not cite state…
Watch full video on YouTube
NEWYou can now listen to Fox News articles! Two doctoral students at the University of South Florida have been missing for nearly a week, prompting police to turn to the public in hopes of finding the couple.Zamil Limon and Nahida Bristy, both 27, were last seen separately on April 16…
Moving supplies and evacuating casualties from the edge of the front lines — the proverbial “last mile” — has becoming increasingly hazardous. In addition to fire from traditional weapons like artillery, machine guns and snipers, drones now present a threat. So, the U.S. Army would like a robot to do…
United States ruler Donald Trump has extended the ceasefire with Iran, citing a “seriously fractured government.” Trump also said the ceasefire would continue “until such time as” Iran’s leaders and representatives submit a “unified proposal” to end the war with the U.S. and Israel. According to a report by CNBC,…
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MoreNEWYou can now listen to Fox News articles! English rock band Radiohead told ICE to “go f— yourselves” on Friday after one of their songs had been used in a video mourning the victims of illegal immigrant crime.Radiohead issued a public statement to multiple news outlets condemning the use of their song “Let Down” in a pro-ICE video, one of multiple recent incidents of artists objecting to their music being used in pro-ICE videos.”We demand that the amateurs in control of the ICE social media account take it down. It ain’t funny, this song means a lot to us and other people, and you don’t get to appropriate it without a fight. Also, go f— yourselves… Radiohead,” the band said, according to NBC News and other news outlets.The video ICE released showed portrait photos of numerous victims of alleged illegal immigrant violence as a choral rendition of the song “Let Down” plays. “Thousands of American families have been torn apart because of criminal illegal alien violence,” the agency wrote in a tweet as a caption to the video. “American citizens raped and murdered by those who have no right to be in our country. This is who we fight for.…
KelTec has just announced the KP50, a 5.7x28mm braced pistol with a 50-round magazine.If there’s one thing you can expect from KelTec, it’s the unexpected, and the company’s latest oddball firearm is the KP50. It’s similar to their previous P50 design as they’re both chambered for 5.7x28mm and feed from 50-round P90 magazines, but the new KP50 has been improved in several ways.The standard KelTec KP50.The first key improvement is that the magazines now insert from the bottom of the KP50 and they’re drop-free. The P50 had a top-loading design with a hinged upper that had to be lifted to insert it. Even better, KelTec is offering what it calls the Jungle Clip for the KP50 that allows you to clamp two mags together and double your on-board capacity. It also now features a much nicer machined lower receiver and uses a KelTec SU16 trigger group.The KelTec KP50 with a pistol brace and two magazines attached via Jungle Clip.The KelTec KP50 is available in several different configurations. The base model (MSRP $900) is a pistol that has a rear Picatinny rail for mounting a brace or stock. Alternatively, you can order the braced model that comes with KelTec’s brace preinstalled…
NEWYou can now listen to Fox News articles! Cher’s son, Elijah Blue Allman, was arrested Sunday in New Hampshire — his second arrest in one weekend.Authorities responded to a report of a residential break-in involving forced entry, the Windham Police Department confirmed to Fox News Digital.Upon arrival, officers “located an individual inside the residence who did not have permission to be there and had forcibly entered the home.” Allman was then taken into custody without incident. LIKE WHAT YOU’RE READING? CLICK HERE FOR MORE ENTERTAINMENT NEWSAllman, 49, was charged with burglary, two counts of criminal mischief and breach of bail. He was arraigned on March 2 at the Salem District Court, and was ordered held on preventive detention. Police were sent to the home at around 9:45 a.m. on a report of an unknown man breaking in from the back door, according to a Patch report. Allman was reportedly found smoking a cigarette on the living room couch. Authorities identified Allman as the burglary suspect.On Friday, Feb. 27, Allman was arrested at a New Hampshire private high school and charged with four misdemeanors: two counts of simple assault, criminal trespass and criminal threatening. Allman was also charged with violation of disorderly conduct,…
Looking for a new iron or piece of kit to enhance the one you already own? Check out these 7 new bits of guns and gear to grow your firearms wish list.The New Guns And Gear:Springfield SA-35 Polished Blued FinishSpringfield’s SA-35 is an excellent take on the iconic Browning Hi-Power, but if there was one aspect of the original version worth complaining about, it was its matte blue finish. Thankfully, that’s no longer a problem as the company has just launched a version featuring an absolutely gorgeous polished blue finish. The cherry on top of this aesthetic upgrade is a set of darker checkered walnut grips to complement the deep bluing. It’s otherwise the same old reliable SA-35, even down to its price tag.MSRP: $800Rise Armament Rev 535 TriggerEveryone enjoys an upgraded trigger in their AR, but few enjoy the installation process of hammering pins. With Rise Armament’s new Rev 535, improving your rifle’s bang switch has literally never been easier. The company’s calling it a “slide-and-snap AR trigger”, as it features built-in spring-loaded pins and requires no tools to install. You simply depress the pins by hand, drop it into your receiver and basically wiggle it into place until…
NEWYou can now listen to Fox News articles! Vice President JD Vance confirmed Monday that negotiations with Iran over its nuclear program collapsed after U.S. officials concluded Tehran’s claims “did not pass the smell test,” prompting President Donald Trump to authorize Operation Epic Fury.Speaking on “Jesse Watters Primetime,” Vance said U.S. envoys — including Steve Witkoff, Secretary of State Marco Rubio and Jared Kushner — had conducted rounds of “deliberate” talks in Geneva with the Iranian delegation.The discussions were aimed at curbing Tehran’s nuclear program in exchange for sanctions relief and averting a broader conflict, he said, but ultimately broke down.”But the Iranians would come back to us and they’d say, ‘Well, you know, having enrichment for civilian purposes, for energy purposes, is a matter of national pride,’” Vance said. “And so we would say, ‘OK, that’s interesting, but why are you building your enrichment facilities 70 feet underground? And why are you enriching to a level that’s way beyond civilian enrichment and is only useful if your goal is to build a nuclear bomb?’” he said.”Nobody objects to the Iranians being able to build medical isotopes; the objection is these enrichment facilities that are only useful for building a…
NEWYou can now listen to Fox News articles! Israeli Prime Minister Benjamin Netanyahu assured Americans on Monday that there won’t be an “endless war” in the Middle East as the United States and Israel continue striking the Iranian regime.”You’re not going to have an endless war,” Netanyahu told Fox News’ Sean Hannity in an exclusive interview. “This terror regime in Iran is at the weakest point that it’s been since it hijacked Iran from the brave Iranian people 47 years ago. So this is going to be a quick and decisive action. And we’re going to create the conditions first for the Iranian people to get control of their destiny, to form their own democratically elected government, which will make a different Iran altogether.”Netanyahu insisted that the destruction of the Iranian regime would pave the way for “many peace treaties” with other Muslim countries in the region and that it would “change the world.””If we go through what we plan to do, I think it will create conditions for peace,” the prime minister said. “This is not an endless war. This is, in fact, something that will usher in an era of peace that we haven’t even dreamed of.” Netanyahu…
NEWYou can now listen to Fox News articles! The Iranian women’s national soccer team made quite the statement on Monday night during the opening match of the Women’s Asian Cup, as they refused to sing while their national anthem played over the speakers at Cbus Super Stadium on the Gold Coast. The players were in their customary line before their match against South Korea, when the Iranian national anthem began to play. The women, looking straight ahead and barely moving, were stoic as it appeared there were jeers from the crowd. Later, applause erupted from those in attendance following the 3-0 South Korea victory.Iran’s manager, Marziyeh Jafari, was also seen smiling as she looked upon her players’ silence from the sidelines. This silence is particularly deafening following the confirmed U.S.-Israeli strikes over the weekend that killed Supreme Leader Ayatollah Ali Khamenei. Iran has since counterattacked by firing missiles and drones at Israel and regional countries that host U.S. allies or military bases, including Bahrain and Qatar. During questioning by media on Sunday, Iran women’s national team captain Zahra Ghanbari, alongside Jafari, was asked about Khamenei’s death. The question was shot down quickly. Jafari answered in Farsi, but an AFC media representative cut off…
NEWYou can now listen to Fox News articles! The Supreme Court on Monday cleared the way for California schools to notify parents if their children want to change their gender identity without approval from the student amid a challenge against the Golden State’s ban on so-called forced outing of transgender students.The court granted an emergency appeal from a conservative legal group, the Thomas More Society, blocking, at least for now, a state law that prohibited automatic parental notification requirements if students change their gender expression or pronouns at school.The Thomas More Society praised the decision as “the most significant parental rights ruling in a generation.” Two sets of Catholic parents represented by the legal group argued that the state law, signed by Gov. Gavin Newsom in 2024, caused schools to mislead them and secretly facilitate the students’ gender transitions. But California contended that students have the right to privacy about their gender expression, particularly if they fear rejection from their families who may not support their decision to adopt a new gender identity. The state also said school policies and state law sought to balance student privacy with parental rights.Last year, state education officials told school districts that the state’s…
Vice President JD Vance — a Marine veteran of the Iraq War who has long been skeptical of American military interventions abroad — insisted Monday that the war with Iran is different because President Donald Trump “has clearly defined what he wants to accomplish.”“There’s just no way that Donald Trump is going to allow this country to get into a multiyear conflict with no clear end in sight and no clear objective,” Vance said in a primetime interview with Fox News. His remarks were his first in public since the U.S.-Israeli strikes on Iran began Saturday.“The president wants to make it clear to the Iranians and to the world that he is not going to rest until he accomplishes that all-important objective of ensuring that Iran can’t have a nuclear weapon,” the vice president added. Trump on Monday outlined the administration’s four key objectives for its operations: destroying Iran’s missile capabilities, “annihilating” its navy, preventing Tehran from obtaining a nuclear weapon and ensuring the “Iranian regime” cannot continue to “arm, fund and direct” its proxy groups in the Middle East. The vice president was in the White House Situation Room with Director of National Intelligence Tulsi Gabbard, Treasury Secretary Scott…
NEWYou can now listen to Fox News articles! An NBA player has taken exception to an Atlanta Hawks promotional night, which is a nod to a famed strip club in the city. The Hawks have “Magic City Night” scheduled for March 16 against the Orlando Magic, but a player for neither team isn’t too fond of paying tribute to a strip club, which has been famed for its late-night stories involving athletes, celebrities and more. While the Hawks call it an ode to a “cultural institution,” San Antonio Spurs center Luke Kornet shared his displeasure in a letter posted on Medium. Kornet, a nine-year veteran and 2024 NBA champion with the Boston Celtics, called for the Hawks’ promotional night to be canceled later this month, saying that it is disrespectful to women to honor the strip club. “In its press release, the Hawks failed to acknowledge that this place is, as the business itself boasts, “Atlanta’s premier strip club.” Given this fact, I would like to respectfully ask that the Atlanta Hawks cancel this promotional night with Magic City,” Kornet wrote in his post.”The NBA should desire to protect and esteem women, many of whom work diligently every day to make this the…
