Monday, September 28
Corporate America’s profits are slipping. Last week, the Bureau of Economic Analysis confirmed that corporate post-tax profits dropped in the first quarter by 3.3% — by far their biggest fall since the pandemic. When companies make less money, it’s often a harbinger of an economic slowdown. In this case, it also raises the more profound question of whether the Trump 2.0 agenda is deliberately aimed at companies’ bottom line.This sounds outlandish. The S&P 500 just hit an all-time high, so Corporate USA is worth more than ever. But it makes sense. After-tax profits account for an unprecedented 10.7% of gross domestic product, when in the last 50 years of the 20th century, they never exceeded 8%. The only time approaching their current share of the economy was in 1929 on the eve
Israel is reportedly pouring billions to replenish its arsenal and making new secret weapons.As per a report of Calcalistech, Israel’s decisive victory in the 12-day war with Iran exposed many of its secret weapons. "Stand-off missiles developed by Israel’s defense industries allowed its aircraft to precisely strike key parts of Iran’s air defense system from afar. Missiles like the Rampage and the ROCKS were launched at their targets long before Israeli jets even entered Iranian airspace. Simultaneously, Mossad units operated drones deep inside Tehran, targeting top Revolutionary Guard commanders and senior figures in Iran’s nuclear program," the report added.The report pointed out that Israel was able to develope the weapons due to years of development and huge budgets. "But many
