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Tuesday, March 10, 2026

Global Economy Is Facing the Prospect of Another Profound Shock

 Peace President’ Breaks Record for Attacking the Most Countries DNYUZ


Tobacco - Australian crime syndicates using fake tobacco packaging to flood legal market


This is kind of amazing: World Monitor is a real-time global intelligence dashboard. Includes military activity, climate anomalies, live webcam feeds in warzones, internet outages, active fires, and even the Pentagon Pizza Index.


“It’s a little bit like asking, when the Archduke Ferdinand got killed, what the macroeconomic consequences would be, and having no idea what was next,” Mr. Rogoff said. “When World War I started, everyone thought it would end in a month.”


A protracted conflict in the Middle East risks a spike in energy prices and broader inflation.

In the most hopeful scenario for the global economy, the latest war in the Middle East ends within a few weeks. The region continues to produce oil and gas. Shipping resumes in the Strait of Hormuz, preventing a shock to the world’s energy supplies. Fear of inflation subsides.
But experts cautioned against any hasty sense of reassurance. The American and Israeli bombing of Iran, and Iranian reprisals throughout the region, set dangers in motion that pose a substantial threat to global economic fortunes.
The most alarming fears centered on the possibility that the Iranian government — pushed to the brink of elimination — might unleash more aggressive retaliation, accepting the near-certainty of the intensified bombing of its own territory as the cost of fighting another day. The Iranians would presumably seek to damage the capacity to produce oil and gas in regional powers like Qatar and Saudi Arabia.
Any event that extends the conflict or threatens sources of oil and gas is likely to lift energy prices to levels that would sow inflation. That could prompt central banks worldwide to raise interest rates, pushing up the costs of mortgages, car loans and other borrowing. And that would choke off consumer spending and business investment — a classic pathway to a downturn.

“We’re in a very precarious period,” said Kenneth S. Rogoff, a former chief economist at the International Monetary Fund and a professor at Harvard.
A chess grandmaster and a student of history, Mr. Rogoff was skeptical of the consensus that the conflict will be short-lived. He cited the assassination of the presumptive heir to the throne of the Austro-Hungarian Empire more than a century ago — an episode that set off a global conflagration.
“It’s a little bit like asking, when the Archduke Ferdinand got killed, what the macroeconomic consequences would be, and having no idea what was next,” Mr. Rogoff said. “When World War I started, everyone thought it would end in a month.”
At the center of concern for the moment is the fate of energy produced in the Middle East, source of 30 percent of the world’s oil and 17 percent of its natural gas. Any disruption to that flow would almost certainly trigger trouble in the world’s largest importing nations — major economies in East Asia and Europe.

Review of State Bar Complaints and Allegations Against Department of Justice Attorneys

Escalating attacks by Pam Bondi against DOJ attorneys along with protection for loyalists – See Federal Register – DEPARTMENT OF JUSTICE Office of the Attorney General 28 CFR Part 77 [Docket No. OAG199, AG Order No. 6653-2026-A] RIN 1105-AB82
Review of State Bar Complaints and Allegations Against Department of Justice Attorneys. Notice of proposed rulemaking.
SUMMARY: The Department of Justice (“Department”) proposes to establish a process for reviewing bar complaints and allegations against its attorneys.

 Under the proposed rule, before a current or former Department lawyer may participate in any investigative steps initiated by the bar disciplinary authority of a State, Territory, or the District of Columbia in response to allegations that a current or former Department attorney violated an ethics rule while engaging in that attorney’s federal duties, the Department will have the right to review the allegations in the first instance and shall request that the bar disciplinary authority suspend any parallel investigations until the completion of the Department’s review.
DATES: Comments are due on or before April 6, 2026