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This article was originally published by Frank Shostak at The Mises Institute.  The yearly growth rate of the consumer price index (CPI) closed at 2.4 percent in February against a similar figure in January. In February 2025, the yearly growth rate stood at 2.8 percent. Note that, in June 2022, the yearly growth rate was 9.1 percent. Most analysts are of the view that the sharp increase in the price of oil to around $95 per barrel (from around $64 at the end of February) is likely to lift the rate of inflation as depicted by the yearly growth rate…

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Watch full video on YouTube

Iran showed no sign of accepting Donald Trump’s ultimatum to open the Strait of Hormuz by the end of Tuesday, while the U.S. president threatened that “a whole civilization will die tonight” unless Tehran reached a last-minute deal.Trump has given Iran until 8 p.m. in Washington — 3:30 a.m. in Tehran — to end its blockade of Gulf oil, or he will destroy every bridge and power plant in Iran. Iran says it would retaliate against U.S. allies in the Gulf, whose desert cities would be uninhabitable without power or water.As the clock ticked down on Trump’s deadline, strikes on…

The Department of Veterans Affairs would see its budget increase by 7.7% in fiscal 2027 under the White House’s proposed $2.2 trillion budget for the federal government. According to budget documents released this week by the Trump administration, the VA would receive a record $488 billion, including $205.6 billion in discretionary funding for programs and operations and $282.6 billion for mandatory spending — the column that covers disability benefits, pensions, insurance and other requirements. Highlights in the discretionary spending proposal include $500 million to build permanent facilities for homeless veterans at the new National Center for Warrior Independence in West…

DUBAI/WASHINGTON — U.S. President Donald Trump said on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face widespread attacks on its civilian infrastructure.Iranian state TV flashed an announcement claiming that Trump had accepted Iran’s terms for ending the war, describing it as a “humiliating retreat” by the U.S. president.Iran said talks between the U.S. and Iran would begin on Friday in Islamabad, Pakistan.Trump’s announcement on social media represented an abrupt turnaround from earlier in the day, when Trump issued an extraordinary…

Born in Newgulf, near Corpus Christi, Texas, on Nov. 6, 1924, Michael Castaneda Pena chose his calling as a man of action early in life. He didn’t complete the sixth grade, but in 1940, after lying about his age, he persuaded his mother to sign a release allowing him to enlist at the young age of 16. Mike, as his comrades-in-arms universally called him, spent World War II fighting in the Pacific and helping to liberate the Philippines. He was wounded twice over the course of the conflict and after the Japanese surrender, he served in the occupation of Japan.…

A U.S. soldier’s wife who was detained by the Immigration and Customs Enforcement agency last week was released from detention on Tuesday while President Donald Trump’s administration attempts to deport her from the country.The U.S. Department of Homeland Security, of which ICE is a part, said Annie Yaritza Ramos Alvarado was arrested on April 2, with a DHS spokesperson saying “she has no legal status to be in this country.”Ramos, 22, recently married Sgt. Matthew Blank, 23.On April 2, the couple were joined by relatives at Fort Polk, Louisiana, who were there to help register Ramos as a military spouse…

At 4:40 a.m. local time on Friday, a U.S. Air Force F-15E Strike Eagle, call sign Dude 44, was downed over southwestern Iran. Both crew members ejected, landing miles apart behind enemy lines. What followed was what President Donald Trump, speaking at a White House press conference on Monday, called “one of the largest, most complex, most harrowing combat search-and-rescue missions ever attempted by the military.”The following is a chronological account of how events unfolded, based on U.S. Central Command statements, the White House press conference and reporting citing U.S. military and defense officials.April 3: F-15E Strike Eagle shot downThe…

Sign up for the Outdoor Life Newsletter Get the hottest outdoor news—plus a free month of onX Hunt Elite. The Texas Department of Transportation is now working with state wildlife officials to help protect the “ghost wolves” that live along the Gulf Coast. TDOT announced Thursday that it had finished installing wildlife crossing signs along a highway on Galveston Island where the animals are known to travel.  According to the state agency, at least 75 of these little-known canids were struck by vehicles along this stretch of road between 2020 and 2025. TDOT says it hopes the crossing signs will also…

The Army last week received its first shipment of XM8 carbines, a shorter, lightweight version of the newly added M7 rifle, according to a release. The design is set to replace the decades-old M4A1 for soldiers in the close combat force.The news comes about a week after the Army revealed it had approved the XM8 carbine. The service said it decided to procure the weapon system — rather than replace the M7 — in December after months of testing.In an announcement, the Army said the variant had “undergone extensive government testing” to ensure it met “the Army’s rigorous standards for…