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Business May 12, 2026

Trump's Direct Intervention: Suspending the Federal Petrol Tax Amidst Iran War Volatility

President Donald Trump announced the suspension of the 18-cent federal petrol tax to mitigate the i…
Trump's Direct Intervention in Fuel CostsPresident Donald Trump has announced a direct intervention in the US energy market, pledging to suspend the 18-cent federal petrol tax to counteract record-high fuel prices exacerbated by the ongoing instability surrounding the Iran ceasefire.The 18-Cent Federal Tax Suspension ProposalTrump stated on Monday that the tax would be removed for a "period of time," with the intent to phase it back in once gas prices stabilize. He characterized the move as a necessary cushion for the American consumer amid the geopolitical fallout from the US-Israel war on Iran.The $2.5bn Infrastructure Gap and Oil Market VolatilityThe proposed suspension would temporarily halt the collection of approximately $2.5 billion in federal revenue, which is currently allocated for US roadway infrastructure. Concurrently, oil markets are reacting sharply; Brent crude futures surged 3.13% to $104.46 a barrel, while US West Texas Intermediate (WTI) rose to $98.32. This volatility is reflected on Wall Street, with major oil and gas giants like Exxon (up 3.1%) and Chevron (up 1.7%) seeing significant gains in midday trading.Congressional Gridlock and Regional Price DisparitiesWhile the President claims the authority to waive the tax, legal experts and analysts point out that suspending a federal tax requires an act of Congress. This creates a legislative hurdle, though Republican Senator Josh Hawley has pledged to introduce legislation to facilitate the suspension. Analysts suggest the impact will vary by region, potentially reinforcing price differentiation between states that have already reduced their own petrol taxes.The Future of Airline Stability and Consumer ReliefThe move signals a potential long-term struggle for the airline industry, which has already faced pressure from jet fuel costs. With Spirit Airlines ceasing operations due to "massive and sustained increases in fuel prices" and United Airlines raising fares by 20%, the suspension of the petrol tax offers a temporary reprieve for consumers but does not address the structural fuel costs facing the aviation sector.
#Donald Trump #US Economy #Federal Tax
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Politics May 11, 2026

ICC Arrest Warrant Forces Philippine Senator Ronald Dela Rosa to Seek Asylum in Senate

The International Criminal Court unsealed an arrest warrant for former police chief Ronald Dela Ros…
The International Criminal Court (ICC) disclosed an arrest warrant for former Philippine National Police chief Ronald Dela Rosa, labeling him an “indirect co‑perpetrator” of the drug‑war murders that claimed tens of thousands of lives. Facing imminent detention, Dela Rosa sought refuge inside the Senate chamber, triggering a rapid lockdown and a new flashpoint in Manila’s already volatile politics.ICC Unseals Arrest Warrant Amid Duterte Drug‑War FalloutOn Monday, 11 May 2026, the ICC confirmed that a sealed warrant issued on 6 November 2025 had been activated. The court alleges Dela Rosa bore responsibility for killings carried out between July 2016 and April 2018, a period that coincides with the height of President Rodrigo Duterte's anti‑drug campaign.Human Toll and Legal Timeline Highlight the Scale of the CaseTens of thousands of suspected drug users and dealers were killed during the campaign, according to human‑rights groups.The ICC’s charge: “crime against humanity of murder” as an indirect co‑perpetrator.Previous ICC actions: Rodrigo Duterte arrested and transferred to The Hague in March 2025; crimes against humanity confirmed in April 2025.Eight co‑perpetrators have been named, including Dela Rosa.Political Reverberations in Manila: Senate Lockdown and Power PlayUpon arrival at the Senate building, Dela Rosa was met by National Bureau of Investigation agents and quickly fled through the corridors, as captured on local video. Senate Majority Leader Alan Peter Cayetano responded by placing the chamber on “lockdown” and stating that only a Philippine court order would be honoured for any arrest.Dela Rosa later went live on Facebook, pleading for public support and warning that “they want to fly me to The Hague.” The episode underscores the fragile alliance between Duterte‑aligned legislators and the broader push for accountability.Future Scenarios: ICC Pursuit and Domestic Political FalloutAnalysts see three possible trajectories:ICC Enforcement: International pressure could force the Philippine government to surrender Dela Rosa, risking diplomatic strain.Domestic Immunity: The Senate may continue to shield Dela Rosa, emboldening other officials implicated in the drug war.Political Realignment: The incident could catalyze a new coalition within the Senate, either strengthening Duterte loyalists or galvanizing opposition forces seeking reform.Regardless of the path taken, the ICC’s move marks a watershed moment for international justice intersecting with Philippine politics, and the coming weeks will reveal how Manila balances sovereignty with accountability.
#Ronald Dela Rosa #International Criminal Court #Rodrigo Duterte
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Politics May 11, 2026

Israel Pushes for Show Trials and Death Penalty for October 7 Detainees

Israel is advancing legislation that would create special military tribunals for Palestinians detai…
The Legislative Push for Special Tribunals Israel is advancing controversial legislation through its parliament, the Knesset, that would create special military tribunals for Palestinians detained following the October 7, 2023 attacks. The bill, co-sponsored by Simcha Rothman of the far-right Religious Zionism Party and Yulia Malinovsky of Yisrael Beytenu, has gained rare bipartisan support and is currently in its final readings. The proposed legislation would establish a dedicated military headquarters and court in Jerusalem to handle mass prosecutions of Palestinians seized by Israeli forces on or around October 7. At least 1,139 people, mostly civilians, were killed in those attacks, according to an Al Jazeera tally based on official Israeli statistics, with about 240 others taken as captives. Lowered Legal Standards and Public Broadcasts Crucially, the bill authorizes the court to deviate from standard rules around evidence, legal procedures, and detention. It grants judges full authority to issue the death penalty against Palestinians implicated by prosecutors in the attacks. In a departure from standard Israeli judicial practice, which typically prohibits courtroom cameras, the bill mandates filming and public broadcasting of key moments in the trials on a dedicated website, including opening hearings, verdicts, and sentencing. "The entire world will witness the proceedings," said Malinovsky, one of the bill's sponsors. Legal Experts Sound Alarm Legal experts warn the legislation violates international fair trial standards. Muna Haddad, an attorney with Adalah, the Legal Center for Arab Minority Rights in Israel, stated: "The bill explicitly permits mass trials that deviate from standard rules of evidence, including broad judicial discretion to admit evidence obtained under coercive conditions that may amount to torture or ill-treatment." Haddad emphasized that the public broadcasting provision "transforms proceedings into show trials at the expense of the accused's rights," violating "the presumption of innocence, the right to a fair trial, and the right to dignity." Weaponizing Genocide Legislation The legislation seeks to transplant existing Israeli criminal codes—such as treason, assisting an enemy in wartime, and the 1950 Law for Preventing and Punishing the Crime of Genocide—into a new legal construct with substantially lower standards of due process. Israeli legislators have compared the upcoming proceedings to the 1961 trial of Adolf Eichmann, a chief architect of the Nazi Holocaust. However, Haddad pointed out historical and legal discrepancies in drawing these parallels, noting that "Adolf Eichmann was not, in fact, tried under the Genocide Law but the Nazi and Nazi Collaborators (Punishment) Law." International Law and Discrimination Concerns Under international law, imposing the death penalty through a compromised judicial process is illegal. "Any death sentence imposed in the absence of strict fair trial guarantees constitutes an arbitrary deprivation of life and is absolutely prohibited under international law," Haddad said, citing the International Covenant on Civil and Political Rights (ICCPR). The bill follows the Knesset's approval of a one-sided death penalty law that instructs military courts to impose capital punishment on Palestinians convicted of killing Israelis in acts of "terror," but does not apply the same penalty to Jewish Israelis convicted of killing Palestinians. Historical Context of Unequal Justice Israel has historically operated two parallel legal systems in the occupied territories: civil law for Israeli settlers and military law for Palestinians. According to data cited by Israeli rights groups, Palestinians tried in Israeli military courts face a conviction rate of 99.74 percent, while the conviction rate for Israelis tried in civilian courts for crimes committed against Palestinians is just around three percent. International rights organizations, including Amnesty International and Human Rights Watch, have described Israel's legislative maneuvers regarding the death penalty for Palestinians as a "discriminatory tool" that entrenches a "system of apartheid." Future Implications for Israel's Legal System Israel strictly limits the death penalty under civil law and has only carried out executions twice in its history. However, the domestic political climate has shifted drastically in recent years, with the internal security agency, the Shin Bet, publicly supporting the potential use of the death penalty for October 7 attackers as a deterrent. "This is not political theatre," Haddad stated. "Lawmakers have clearly and explicitly stated their expectation that the death penalty will be applied. Taken together with the recent passage of the March 2026 death penalty law, we are witnessing a deliberate move toward ending Israel's long-standing moratorium on the death penalty and operationalizing it in practice."
#Israel #Palestine #Death Penalty
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Music May 11, 2026

George Thorogood on the Story Behind 'Bad to the Bone'

George Thorogood shares the story behind his hit song 'Bad to the Bone', from its creation to its f…
The Birth of a Classic George Thorogood, songwriter, vocalist, and guitarist, recalls the creation of his iconic song 'Bad to the Bone'. Before the song's release, Thorogood's band played obscure blues songs, but they wanted to create an original hit. The Inspiration Behind 'Bad to the Bone' Thorogood explains that the song is a male fantasy, where every guy wants to be 'bad'. He drew inspiration from Hollywood movies, tough guys like Bernardo from West Side Story, and Howlin' Wolf, whom his band opened for in 1974. The Songwriting Process Thorogood followed Johnny Cash's advice for songwriters: writing down rhyming words and working around them. He started with 'bone' and incorporated 'bad', which meant 'cool' in his neighborhood. The Song's Early Days The band shopped the song to Muddy Waters, but his manager rejected it, saying Muddy wouldn't record a blues song by a white guy. Thorogood and his band rehearsed the song to make recording efficient and minimize costs. The Rise to Fame 'Bad to the Bone' took off when classic rock radio stations began playing it, placing it alongside songs by Led Zeppelin, Steve Miller, and The Rolling Stones. Young listeners considered it a classic. Terminator 2 and Arnold Schwarzenegger The song gained further popularity when it appeared in Terminator 2. Arnold Schwarzenegger called Thorogood, saying in his Terminator voice: 'Your song. Give it to me. Now.' The Legacy of 'Bad to the Bone' Thorogood reflects on the song's impact, stating it's an over-masculine chuckle and not to be taken seriously. The song brings out the 'lion in the mouse', and its popularity endures to this day. Jeff Simon's Perspective Jeff Simon, the band's drummer, shares his experience of recording 'Bad to the Bone'. He recalls George working on the song and the band's blues influences.
#George Thorogood #Bad to the Bone #The Guardian
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Politics May 11, 2026

Former Qatar PM: Netanyahu Using Iran War to Reshape Middle East

Former Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim Al Thani says Israeli Pri…
The LeadThe United States-Israel war on Iran is not the result of a sudden escalation but the culmination of a long-term Israeli agenda to violently reshape the Middle East, former Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim Al Thani tells Al Jazeera. Netanyahu's 'Illusion' and the US MisstepSheikh Hamad had warned of an impending conflict last year and urged Gulf states to push for a diplomatic resolution to resolve the crisis with Iran and prevent military strikes. He identified a push for a conflict with Iran and blamed it on a 'hardline faction' within Israel led by Netanyahu, who he said had been trying to drag the US into a war over Tehran's nuclear programme since President Bill Clinton's administration in the 1990s. The Strait of Hormuz: A New Global FlashpointAssessing Tehran's strategy, Sheikh Hamad said Iran successfully absorbed the initial military strikes of the war and subsequently dragged its feet on a settlement after realising it could leverage a new strategic advantage: the Strait of Hormuz. Calling the weaponisation of the waterway the 'most dangerous outcome' of the war, he warned that Iran is now treating the vital international chokepoint as its own sovereign territory. A Call for a 'Gulf NATO'In one of his most blunt assessments, Sheikh Hamad declared that the greatest threat to the Gulf is neither Iran, Israel nor foreign military bases but internal Gulf disunity. To counter this, he proposed the creation of a 'Gulf NATO', a joint political and defence project starting with a core group of strategically aligned Gulf nations with Saudi Arabia serving as its natural backbone. Gaza, Normalisation and a Late-1990s SecretTurning to the issue of Palestine, Sheikh Hamad condemned the killing of civilians on all sides but accused Israel of committing a 'moral and political disaster' in Gaza, where more than 72,500 Palestinians have been killed since Israel's genocidal war began in October 2023.
#Qatar #Israel #Iran
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Entertainment May 11, 2026

The Silent Screens: Inside America’s Wave of Abandoned Movie Theatres

U.S. movie theatres are rapidly turning into empty shells as streaming, rising costs, and shifting …
Across the United States, once‑bustling picture palaces now sit dark, their marquees silent and interiors echoing with the ghosts of past crowds. This surge of closures reflects a convergence of streaming dominance, escalating operational costs, and changing leisure preferences, reshaping the cultural landscape of American towns and cities.The Rise and Fall of American Cinema HallsFrom the golden age of Hollywood to the multiplex boom of the 1990s, movie theatres have long been social hubs. In the past decade, however, the industry has faced unprecedented headwinds:2019: Peak annual box‑office revenue of $11.4 billion in the U.S.2020‑2022: COVID‑19 lockdowns shuttered 30% of venues, accelerating financial strain.2023‑2025: Major chains announced the closure of over 1,200 locations, many of them historic single‑screen theatres.Numbers Behind the Empty SeatsData from the National Association of Theatre Owners (NATO) and real‑estate analysts illustrate the scale of the decline:Average attendance fell from 1,200 patrons per screen per week (2018) to 720 (2025), a 40% drop.Operating margins shrank from 12% to 4% as concession sales faltered.Vacancy rates for theatre‑specific real estate rose to 18% in 2025, up from 5% in 2019.What Closed Theatres Mean For CommunitiesThe loss of a cinema extends beyond entertainment:Economic ripple: Adjacent restaurants and retail stores report revenue declines of up to 15% after nearby theatres close.Cultural impact: Small towns lose a gathering place that historically hosted film festivals, community events, and educational screenings.Urban decay: Abandoned auditoriums become eyesores, contributing to lower property values and increased municipal maintenance costs.Future of the Physical Cinema ExperienceIndustry insiders suggest several pathways forward:Hybrid models: Integrating streaming lounges, live‑event broadcasting, and premium dining to diversify revenue.Adaptive reuse: Converting spaces into co‑working hubs, boutique gyms, or cultural centers while preserving architectural heritage.Policy incentives: Municipal tax breaks and historic preservation grants aimed at revitalizing landmark theatres.While the era of the traditional single‑screen cinema may be waning, the underlying demand for shared, immersive experiences could spark a new generation of reimagined venues.
#U.S. cinema closures #movie theatre real estate #urban decay
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Economy May 11, 2026

Senate Poised to Confirm Warsh as Federal Reserve Chair Amid Political Pressure

The US Senate is expected to confirm Kevin Warsh as the next Federal Reserve chair, despite concern…
The Lead: Warsh Confirmation Signals New Era for Federal ReserveThe US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world's most important central bank. The Fed's influence over the economy spans from the job market to mortgage rates, and its every move is carefully scrutinized by investors on Wall Street.The Event Details: Warsh's Background and Political AlignmentWarsh served on the Fed's board as a governor from 2006 to 2011 and developed a reputation as a so-called "inflation hawk" during the 2008 recession crisis – advocating for higher interest rates to mitigate rising prices. However, since Trump started his second term, Warsh publicly aligned himself with the president's stance that interest rates are now too high. In a Wall Street Journal op-ed last November, Warsh called the Fed's leadership "broken" and called the bank "an institution whose reach has extended far beyond its grasp."The Political Battle: Trump's Assault on Fed IndependenceThe vote is expected to be split along party lines. Democrats criticize Warsh for being Trump's "sock puppet" at a time when the president has pushed past the typical boundaries between the White House and the nonpartisan Fed. Trump's battle with the Fed culminated in a criminal investigation against the outgoing Fed chair, Jerome Powell. Trump accused Powell of fraud over renovations at the Fed's headquarters that went over budget.The Impact Analysis: Central Bank Independence at RiskWarsh told the Senate that he will be an "independent actor" as Fed chair, but resisting pressure from the White House will be difficult amid the legal assault Trump has foisted upon the central bank for going against his wishes. When pushed by Democrats in Congress, Warsh refused to answer whether Trump had lost the 2020 election. Though the justice department ended its investigation after a Republican senator said he would hold up Warsh's nomination, Powell announced last month that he would stay on the Fed's board as a governor until any inquiry into the renovations are "well and truly over with transparency and finality."The Prediction: Future of Monetary Policy Under WarshIn his last press conference as chair, Powell noted that Warsh testified that he will withstand political pressure from Trump and that he will "take him at his word". But the outgoing Fed chair also made some of his most pointed remarks to date about the current risk to Fed's independence, which is crucial for the health of the economy. "The institution is being battered over these things. We're having to resort to the courts to enforce our ... ability to make monetary policy without political considerations," Powell said. "I'd like to think we can get out of that era and go back to respecting what the law says and what custom has been."
#Kevin Warsh #Federal Reserve #Donald Trump
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Politics May 10, 2026

Iran May Offer Assurances on Nuclear Facility Use

Iran is reportedly considering providing assurances regarding the use of its nuclear facilities, po…
The Lead In a significant development for international diplomacy, Iran has indicated it may provide formal assurances regarding the use of its nuclear facilities. This potential move comes amid heightened tensions and ongoing negotiations with world powers over the country's nuclear program. The Diplomatic Shift in Iran's Nuclear Policy The reported willingness to offer assurances represents a notable potential shift in Iran's stance on transparency regarding its nuclear activities. While specific details remain limited, such assurances could include commitments about the peaceful nature of nuclear development, enhanced monitoring protocols, or limitations on certain types of nuclear research. Regional and Global Implications This development carries significant weight for regional stability and global non-proliferation efforts. Iran's nuclear program has long been a point of contention in Middle Eastern geopolitics, with neighboring states and international powers expressing concerns about potential weapons development. Any assurances offered by Tehran could potentially ease tensions and create a foundation for renewed diplomatic engagement. The Path Forward for International Negotiations If Iran follows through with providing assurances, it could mark a turning point in stalled negotiations with world powers. Such a move might pave the way for renewed dialogue, potentially leading to updated agreements or modifications to existing frameworks governing Iran's nuclear activities. The international community, particularly European signatories to previous agreements, would likely view such assurances as a positive step toward de-escalation. Future Outlook for Iran's Nuclear Program Looking ahead, the implementation and verification of any assurances will be critical. The coming months will likely see intensified diplomatic efforts to establish concrete mechanisms that address international concerns while respecting Iran's stated right to peaceful nuclear development. The outcome of these developments could reshape the geopolitical landscape of the Middle East and influence global non-proliferation efforts for years to come.
#Iran #Nuclear Facilities #International Relations
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World Wide May 10, 2026

Putin Hints at Ending Russia's War in Ukraine: What's Behind the Sudden Change?

Russian President Vladimir Putin suggests that the war in Ukraine 'may be coming to an end' and is …
The Shift in Putin's Stance Russian President Vladimir Putin has signaled that his country's war with Ukraine may be 'coming to an end'. Speaking after Victory Day events in Moscow, Putin said he was ready to hold direct talks with his Ukrainian counterpart Volodymyr Zelenskyy in Moscow or a neutral country. What Did Putin Say? “I think that the matter is coming to an end,” Putin told reporters of the Russia-Ukraine war, Europe's deadliest conflict since World War II. However, he added that he would be willing to meet Zelenskyy only after the terms of a peace agreement had already been settled. The Data Analysis The war has killed tens of thousands of people on both sides, left swathes of eastern Ukraine in ruins, and drained Russia's $3 trillion economy. Western-led sanctions have also impacted Russia's economy. The Impact Analysis Putin's remarks reflect mounting pressure on both sides after more than four years of war that has devastated parts of Ukraine and strained Russia's economy. The Russian president's suggestion that the end of the war may be approaching is being driven more by global 'hope and optimism' than by a sober reading of his words, according to analyst Keir Giles. The Prediction A deal has proved elusive as Russia has insisted on taking over the entire Donbas region and has opposed Ukraine's entry into NATO, while Kyiv has refused to concede any territory and has demanded that security guarantees be part of any deal. The US president placed ending the war in Ukraine at the heart of his 2024 re-election bid, even claiming he could halt the fighting within 24 hours of taking office again.
#Vladimir Putin #Volodymyr Zelenskyy #Russia
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