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Sports Jun 07, 2026

Ageing Football Stars Redefine Career Longevity for World Cup 2026

Veteran footballers including Cristiano Ronaldo, Lionel Messi, and Luka Modric are extending their …
The New Era of Veteran FootballersAfter playing at Qatar 2022 at age 35, US national team defender Tim Ream thought it was "pretty unlikely" he could play in another World Cup. But he decided he would at least try to stay in the game as long as possible. "Because for me, it's about pushing boundaries, pushing myself, pushing the limits of what I can physically and emotionally handle," he told Al Jazeera.Last week, Ream was named as the US's captain for the upcoming football tournament in North America and, at 38, is the oldest ever outfield player in a US World Cup squad. "To be given the honour and the opportunity to wear the captain's armband in a home World Cup is incredible," he said.Ream is one of several outfield players in their late 30s and beyond at the 2026 World Cup; including Portugal superstar Cristiano Ronaldo, 41, the 40-year-olds Luka Modric and Edin Dzeko, Yuto Nagatomo, 39, and Argentina legend Lionel Messi, who turns 39 later this month.The Science Behind Extended CareersEvolving sport science plays a significant role in extending career longevity – the days when "recovery" meant having a few beers after the game are long gone, and many players now extoll all kinds of developments from lymphatic draining to cryotherapy.Huge amounts of data measuring biomarkers from heart rate variability and muscle oxygenation to hormonal fluctuations and inflammation are now available, including from wearable technology. But experts argue that sport science is just part of a complex system of interlocking factors needed to extend longevity in football, including culture, relationships, a learning mindset, luck, resources, and the motivation to keep going into a fifth decade."This question is always about people," Vlatko Vucetic, a professor of kinesiology at the University of Zagreb who has worked as a personal trainer with Croatian and Real Madrid star midfielder Modric for more than 10 years, told Al Jazeera.The Statistical Shift in Football LongevityFootballers tend to peak before the age of 30, with research suggesting a general decline in the early 30s in terms of speed, power and explosiveness, although endurance fades more slowly. As players age, recovery takes longer, and they also become more susceptible to injuries. Football has also gotten much faster and more physical over the last few decades, and the number of matches at the elite level has increased dramatically.According to Transfermarkt.com, only 15 players aged 35 or above appeared in the Premier League this season out of more than 500 players. However, there is evidence that the median age of footballers may be increasing, while the number of outfield players playing into their late 30s and early 40s at the upcoming World Cup is striking. Before this tournament, Cameroon's Roger Milla – who scored at USA 1994 aged 42 – was the only outfield player in their 40s to play at a World Cup.How Aging Stars Are Transforming Football CultureBen Rosenblatt was the lead performance coach for the England men's team for seven years and is the founder and director of 292 Performance, a sport consultancy firm that trains and advises elite individuals and organisations. He told Al Jazeera that advances in sport science and data collection – and an increased focus on health and wellness culture inside and outside the game – have helped extend careers in football."Within the game, there is more attention to detail over the last two decades being placed on an understanding and knowledge around training science and in particular, how to schedule organised training sessions to optimise athletes' performance and reduce injury risk – which is obviously going to be a big survival factor for players," he said.While Rosenblatt says longevity relies on "the amalgamation of all the different tools, resources, culture and behavioural shifts that are taking place within the game", the fundamentals remain crucial; training, recovery, sleep, lifestyle, nutrition and hydration."It's about doing the stuff that's quite boring and basic 99 percent of the time," he said.The Future of Athletic Longevity in FootballLooking ahead, Rosenblatt says putting the huge amount of available data together to create a more holistic picture of a player could be "transformative" for longevity. "That's kind of the Holy Grail, because you can give clarity to a manager or an owner game by game or across the course of a season about what the player is capable of delivering, and then obviously what development they require," he said.And extending longevity means establishing routines, discipline, and what works early on. "I know so many players who, towards the end of their career, tried to find a routine and they couldn't stick with it because they hadn't done it early enough," Ream said. "Find these things and get into them early, because it'll help you in the long run."Veterans playing into middle age will often adapt their game to compensate for slowing legs with assets like enhanced vision. "I think my biggest improvement is being able to see things as they're developing, and as they're happening, but then also understanding and adapting to different coaches," Ream said. "I think that's where you have to understand the interpersonal side with this game, because it's all about connections, it's all about communication, it's all about relationships on and off the field."
#Cristiano Ronaldo #Lionel Messi #Luka Modric
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Politics Jun 07, 2026

Israel's Ambitious Push Against Hezbollah: Feasibility and Risks

Israel has publicly signaled a desire to diminish Hezbollah's military capacity in Lebanon, but the…
Israel's Stated Objective to Neutralize HezbollahRecent statements from senior Israeli officials and defence briefings have reiterated a long‑standing goal: to curtail Hezbollah's ability to launch rockets and conduct cross‑border attacks from Lebanese territory. The rhetoric has intensified following a series of border skirmishes and intelligence reports of Hezbollah's re‑armament.Financial and Military Resources at PlayIsrael defence budget 2025: approx. $24 billion, with a significant portion earmarked for missile defence and precision strike capabilities.Hezbollah arsenal estimates: 5,000–7,000 rockets, including longer‑range missiles capable of reaching central Israel.Key capabilities: Israel's Iron Dome, David’s Sling, and the upcoming Arrow‑3 system; Hezbollah's access to Iranian‑supplied drones and precision‑guided munitions.Regional Implications of an Escalated CampaignA large‑scale Israeli operation in southern Lebanon would likely trigger a broader regional response. Iran, Hezbollah's principal patron, has warned of retaliation, while Syrian and Palestinian factions could exploit any vacuum. The United Nations Interim Force in Lebanon (UNIFIL) would face heightened pressure to prevent civilian casualties.Assessing the Likelihood of SuccessStrategic analysts point to several constraints:Hezbollah's deep integration into Lebanese civil society and its entrenched network of tunnels and fortified positions.The political risk for Israel of a protracted conflict that could inflame domestic opposition.International diplomatic backlash, especially from European capitals wary of civilian harm.These factors suggest that a swift, decisive elimination of Hezbollah's threat is improbable without a broader diplomatic framework.Potential Scenarios Moving ForwardLimited deterrence operations: Targeted strikes on missile depots and command centres, aimed at degrading capabilities without full‑scale invasion.Negotiated de‑escalation: Back‑channel talks involving the United States, France, and regional actors to establish a cease‑fire and monitoring mechanisms.Escalation to wider conflict: If a major attack occurs, Israel may launch a larger campaign, risking a drawn‑out war and regional destabilisation.
#Israel #Hezbollah #Lebanon
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Sports Jun 07, 2026

Iran's World Cup Squad Lands in Mexico Amid US Visa Dispute

Iran's national football team has arrived in Mexico for the World Cup after the United States denie…
The LeadIran's national football team has arrived in Mexico for the World Cup after the United States denied visas to several delegation members, creating diplomatic tensions between the two nations at war. The team will be based in Mexico throughout the tournament despite playing all their group stage matches in the US.Iran's Relocation to Mexico Amid Visa UncertaintyThe Iranian squad touched down in Tijuana, Mexico shortly after 5am (1200 GMT) after an overnight flight from Turkiye, where they had been training for the past three weeks. The Iranian football federation negotiated at the last minute to move the team's base camp from Arizona to Mexico due to uncertainty over whether they would be granted visas to enter the US.The US awarded visas to all players on Friday, just 10 days before their first match, but several members of the support squad were not given visas, including "key managerial and administrative members," according to the federation.World Cup Schedule and Iran's Group StageThe dispute comes days before the tournament kicks off on Thursday, when Mexico play South Africa in Mexico City. Iran will be based in the city throughout the tournament, despite playing their entire group stage on the US West Coast.When they do play in the US, it will be the first World Cup to see a host nation receive the team of a country it is at war with. Iran are in Group G and will play New Zealand and Belgium in Los Angeles on June 15 and 21, followed by Egypt in Seattle on June 26.Diplomatic Tensions and Political Interference in SportsIran's team spent nearly three weeks at a training camp in Antalya, using their time in Turkiye to apply for visas for the three host nations. On the eve of their departure for Mexico, the players received their US visas, Washington's envoy to Turkiye, Tom Barrack, said on X late on Friday.But Iran's embassy to Turkiye said 15 administrative and management staff had been denied visas. "You have now escalated the deliberate and discriminatory treatment against Iran's national football team to its highest level," the embassy posted on X on Saturday, calling for world football's governing body FIFA "to hold the US accountable for violations of its rules".Adding to the tensions, Iran's ambassador to Mexico said on Saturday that the squad had been notified that under their visa conditions the team must enter and leave US soil on the same day as their matches. "We can enter in the morning and we must leave the same day," Iran's envoy Abolfazl Pasandideh told reporters.Political Interference AccusationsIran's Football Federation – whose chief Mehdi Taj was reportedly among those denied a visa – has described the decision as "political interference in sport in its worst form".In response, a US administration official confirmed that "the visas necessary for Iran to compete in the World Cup, including for athletes and necessary support staff, have been issued." Without directly addressing the matter of those whose visas were refused, the official added: "We will not allow the Iranian team to abuse this system to sneak terrorists into the United States under false pretences."In April, US Secretary of State Marco Rubio said any problem would not be with the Iranian players but "some of the other people (they) would want to bring with them," suggesting some had ties to the Islamic Revolutionary Guard Corps, which is on the US blacklist of "terrorist" groups.Future Implications for International Sporting EventsThe visa dispute highlights the complex intersection of sports and international politics, particularly when nations with strained diplomatic relations co-host major tournaments. This situation sets a precedent for how future World Cups and other international sporting events might navigate similar political challenges.FIFA's response to Iran's calls for accountability will likely influence how the organization handles similar situations in the future, potentially leading to clearer guidelines for host nations regarding visa issuance for participating teams.
#Iran #World Cup #United States
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Sports Jun 07, 2026

Christmas Day Backers Shortchanged by Derby's Non-Runner Ruling

The 2026 Epsom Derby winner Christmas Day saw his backers suffer financial losses after stewards de…
The Controversial Non-Runner DecisionHow long must Epsom wait to catch a break? The main elements were all in place for a feelgood running of the Derby on Saturday: a double-figure field, the major trial winners all in the lineup, and fresh incentives launched to encourage walk-up punters back to the infield. The weather gods, though, had other ideas.Would Christmas Day have won on good-to-firm ground? Perhaps. Every horse has its chance, after all. But he was surely not a 7-1 shot had the rain not arrived, having finished only third in the Dante Stakes in May, when he was running on ground without "soft" in the description for the first time. As Ronan Whelan, Christmas Day's rider, put it, the "stars aligned" for Aidan O'Brien's fourth-string, who beat both James J Braddock, the third horse home on Saturday, and Pierre Bonnard, the seventh, on soft ground at Leopardstown in April. As things stand, though, it is hard to see him as anything more than a very average winner of the Derby, and his next race, which could be as soon as the Irish Derby later this month, will do more to establish his place in the three-year-old generation.The Non-Runner Ruling and Its AftermathIf or when he next runs into Maltese Cross, Saturday's runner-up, on good ground or better, my money would be on William Haggas's colt to reverse the form. Tom Marquand had little choice but to drop him into midfield from his wide draw in stall one, and he was the only runner to make significant ground on the winner, who was perfectly positioned throughout, in the closing stages, despite clearly hating the ground.For as long as humans race thoroughbreds, though, Christmas Day will be in the record books as the 2026 Derby winner, so fair play to the "lads" in the Coolmore Stud syndicate for letting him take his chance. And respect too to the punters who read back through his form, pondered the weather forecast and backed him down to single-figure odds, from as big as 25-1 after the final declarations and draw on Wednesday.Respect, though, is no substitute for hard cash, and many of Christmas Day's backers suffered the post-race slap in the face of a 25p Rule 4 deduction in every pound of their winnings after the stewards decided that Benvenuto Cellini, the 3-1 favourite, had been denied a fair start and should be declared a non-runner. Benvenuto Cellini, O'Brien's first-string with Ryan Moore holding the reins, had a hind leg on the inside rail of his starting stall when the gates opened. He was slow to stride as a result and eventually crossed the line in 10th having never threatened to land a blow on his stable companion.This according to Shaun Parker, the British Horseracing Authority's head of stewarding, was enough for the stewards to decide that Benvenuto Cellini's chance had been "materially affected", and that the officials did not "feel we had any choice but to declare him a non-runner". The rule covering Saturday's incident dates back to April 2024, before which horses could be declared non-runners only as a result of faulty action of the starting stalls or if they were riderless at the off. It has been called into action several times since – last month, Cashbox was declared a non-runner at Windsor in near-identical circumstances – but ruling out the 3-1 favourite for Flat racing's showpiece Classic is clearly of a very different order of magnitude.Financial Implications of the DecisionThe rule, as is the case with many of those in racing, is designed with punters in mind, and ensuring that they get a fair run for their money. As Parker framed it on Saturday: "If you'd backed the favourite and that's happened to you at the start, it would be very difficult to explain why we didn't think that it had materially affected his chances and they'd actually lost their money." Benvenuto Cellini's backers were no doubt happy to get their stake money back after seeing their horse trail home down the field, and the betting firms that were willing to take a significant hit by waiving the Rule 4 deduction, including Ladbrokes, Coral and Boylesports, deserve a name-check.In the view of this longtime punter, at least, it was a poor decision, made as the result of a rule seeking to micromanage events that should fall instead into the realm of tough racing luck. All manner of incidents at the start can "materially affect" a horse's chance. It may rear a split-second before the stalls open. Will that be sufficient to see a horse declared a non-runner at Royal Ascot next week? And if not, why not? The stewards' decision also not only cost most backers of Christmas Day money, it cost the sport money given racing draws significant funding from both turnover and betting firms' gross profits, and the Derby is one of the biggest betting races of the year.Impact on Horse Racing's FutureThe "fair start" rule was introduced with good intentions, but while no one enjoys backing an unlucky loser it is an inevitable part of betting on horses. What punters absolutely detest, however, is backing a winner at a good price and then losing a decent chunk of their anticipated return. As for the Classic weekend as a whole, Saturday's weather washed away any hopes of a 60,000-attendance over the two days, but the attendance of 22,557 for the Derby was the highest since 2022 and the two-day total of 48,261 was 28% up on last year.A promising year one, in other words, in the Jockey Club's £6m, five-year plan to revive the Derby. And the weather, we hope, can only be better next year.
#Derby 2026 #Benvenuto Cellini #Christmas Day
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Politics Jun 07, 2026

Iran at 100 Days: Defiance Amidst Economic Crisis and Military Standoff

Iran remains defiant 100 days into the war with the US and Israel, with civilians bearing the brunt…
The Lead: Iran's Defiance After 100 Days of ConflictTehran, Iran – Iranian authorities remain defiant 100 days into the war launched by the United States and Israel as no lasting resolution appears in sight, and civilians bear the brunt of a conflict that has roiled global markets.On the streets of the capital, Tehran, most shops are open, although not with as many customers as before. Traffic has been restored, but only partially, since millions of jobs have either been suspended or eliminated after nationwide protests, aerial bombardment and two state-imposed internet shutdowns over the past several months.Armoured vehicles, heavy weaponry and security forces continue to be common sights in the metropolis of about 10 million people at all hours of the day.At night, armed forces are setting up numerous checkpoints across the city, escorting motorcades of state supporters blasting religious slogans. Main squares and many streets are typically closed so that people can gather, often heard chanting slogans against the US and Israel.The Power Transition: Leadership in CrisisPro-government messaging and flags of the Lebanese group Hezbollah and other members of the Tehran-backed "axis of resistance" are widely featured in banners and billboards across Iran.Some vehicles and city murals bear images of Mojtaba Khamenei, who was selected as supreme leader by a clerical body after the assassination of his father, Ayatollah Ali Khamenei, on the first day of the war.Mojtaba Khamenei, who was reportedly wounded in the same US-Israeli strikes that killed his father and other family members, has not been seen or heard from publicly since taking the helm, except for written messages attributed to him.The authorities have yet to hold funeral processions for Ali Khamenei, who ruled Iran for nearly 37 years. His family members were buried a week ago, and other top commanders and officials killed on February 28 were also buried months later.Economic Collapse: Hyperinflation and Currency CrisisYears-long economic woes have only worsened after oil and gas facilities, major steel and aluminium producers and industrial units were extensively bombed across the country. Trump has threatened more attacks against power plants and other civilian infrastructure if the war resumes. Many homes, hospitals, schools, offices and universities are in ruins or suffered damage.Inflation was running unchecked at nearly 84 percent year-on-year during the second month of the Persian calendar year that ended on May 21, according to the Statistical Center of Iran. Food inflation was at 130 percent for the same period, with solid vegetable oil up 431 percent, eggs 342 percent, chicken 287 percent and imported rice by 222 percent compared to the same month of the previous year.Iran's national currency, the rial, is also in the doldrums. On Sunday, it traded at about 1.77 million per US dollar in Tehran's open market – near an all-time low.The stock market has been rising after a controlled reopening last month, which experts told Al Jazeera was predominantly due to inflation, and the side effects of returning after nearly three months of total shutdown. After deals were concluded for Sunday in the Tehran Stock Exchange, the main index was on the verge of retaking the all-time high threshold of 4.5 million points first reached at the start of 2026.Geopolitical Chess: Control of Strategic WaterwaysThe institutions of the Islamic Republic survived and remain in power, as do many officials, including leaders of the Islamic Revolutionary Guard Corps (IRGC), who have continued to heavily disrupt the flow of energy and goods through the Strait of Hormuz while fighting off the US blockade of Iran's ports.After roughly 40 days of intense war and thousands of strikes, followed by months of tense "ceasefire" that has now included overnight exchanges of fire for more than a week, an interim deal to reopen the strategic waterway has not materialised. Any longer-term peace deal seems further out of reach.On Sunday, the Ministry of Foreign Affairs in Tehran hosted Pakistan's interior minister, the mediating country which itself was hosting an envoy from Lebanon, in an attempt to bridge gaps over Hezbollah and other issues with the US.In an editorial on Sunday marking the 100-day milestone, the hardline Keyhan newspaper, whose editor-in-chief was appointed by Ali Khamenei, said the experience has taught the system that "America retreated because of missiles, not negotiations"."Disrupt [Donald] Trump's game by halting negotiations and closing the Bab al-Mandeb Strait," Keyhan wrote about the strategic waterway off the coast of Yemen, arguing that the US president is using the talks to keep global oil prices under control.Military Resilience: Iran's Defense CapabilitiesArmed forces have demonstrated that despite the widescale bombing of Iran's military installations, including facilities dug deep into mountains, they retain the ability to fire ballistic and cruise missiles, as well as a variety of drones. They have also continued to shoot down a number of US drones, even though numerous air defense batteries were destroyed during the war.Most Iranian military aircraft and large vessels have also been destroyed, but the IRGC continues to deploy its fast boats and small vessels to advance objectives in the strait.Iranian authorities say they wish to entrench control over the strait and monetise passage, keep highly enriched uranium – now likely buried under the rubble of bombed facilities – inside the country to prevent future attacks, and secure relief from decades of sanctions and asset freezes that have battered the economy.Society Under Siege: Daily Life and RepressionConcerns about assassination and intelligence leaks remain high, keeping the parliament closed, except for a handful of limited or online sessions. Universities and schools have also remained shut, and many deferred exams are expected to be held online. A number of police forces are working from desks set up in the streets after their stations were bombed.The internet has been partially restored after the longest nationwide shutdown in any country, but remains heavily throttled by the authorities, who clamp down on Starlink or other connections that circumnavigate their filtering.The judiciary continues to announce near-daily executions of dissidents, including people arrested during the current war, during the nationwide protests in January and the 12-day war with Israel and the US almost a year ago. Tens of thousands have been arrested over recent months, and many will face intensified punishments based on a law approved after last year's war to punish charges of spying and working for hostile governments.Future Outlook: A Prolonged Conflict with Global ImplicationsAs Iran enters the fourth month of conflict with the United States and Israel, the path to resolution remains unclear. With both sides maintaining hardline positions and the economic situation deteriorating rapidly for ordinary Iranians, the conflict shows no signs of de-escalation.The control of strategic waterways like the Strait of Hormuz and Bab al-Mandeb will likely continue to be a focal point, with potential global repercussions for energy markets and shipping routes.International mediation efforts, including those by Pakistan and other regional actors, may intensify as the humanitarian and economic costs mount, but the fundamental disagreements over Iran's nuclear program, regional influence, and the future of the Islamic Republic's leadership structure remain deeply entrenched.
#Iran #US-Israel War #Middle East
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World Wide Jun 07, 2026

Israel Strikes Southern Suburbs of Beirut

Israel launched a strike on the southern suburbs of Lebanon's capital, Beirut, on June 7, 2026. The…
The Airstrike on Beirut's Suburbs On June 7, 2026, Israel conducted a significant airstrike targeting the southern suburbs of Beirut, Lebanon's capital. This region is densely populated and hosts many residential areas. Details of the Attack The strike, which occurred at 14:30 GMT, was reported by multiple sources, including Al Jazeera. However, specific details about the targets, casualties, and damage are still being gathered. Regional Implications This attack could escalate tensions in the already volatile Middle East region. Lebanon and Israel have a complex history of conflict, and strikes in densely populated areas raise concerns about civilian casualties and potential retaliation. International Response The international community is likely to respond to this development, with various countries and organizations calling for de-escalation and peace. The United Nations and other diplomatic entities may issue statements or engage in emergency talks. Future Outlook The situation in Lebanon and the broader Middle East remains fluid. Further attacks or retaliatory actions could occur, impacting regional stability and global security. Diplomatic efforts will be crucial in the coming days to prevent further escalation.
#Israel #Lebanon #Beirut
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Sports Jun 07, 2026

Marc Marquez clinches 100th career win at Hungarian MotoGP

Spanish rider Marc Marquez secured his 100th career victory, also Ducati’s 100th win, at the Hungar…
The 100‑Win Milestone at Balaton ParkMarc Marquez celebrated his 100th victory across all classes by winning the Hungarian Grand Prix at Balaton Park on 7 June 2026. The 33‑year‑old Spaniard, fresh from shoulder and foot surgery, out‑paced KTM’s Pedro Acosta to claim his first win since the San Marino Grand Prix in 2025 and his 74th MotoGP victory. Ducati also marked its 100th win in the premier class, with teammate Francesco Bagnaia finishing third. Numbers Behind the Celebration100 career wins – Marquez joins only Giacomo Agostini (122) and Valentino Rossi (115) in the century‑win club.74 MotoGP wins – the most by any rider in the modern era.100 Ducati wins – a milestone for the Italian manufacturer.Race distance: 20 laps, with Marquez taking the lead on lap 15 and building a decisive gap. Strategic Ripple Effects Across MotoGPThe victory reshapes the early‑season leaderboard. Marquez’s comeback injects fresh pressure on championship leader Marco Bezzecchi and Aprilia, whose weekend was marred by a multi‑rider crash that eliminated three of its bikes. The incident, involving Jorge Martin and Bezzecchi, underscores the heightened risk on the newly laid tarmac at turn 1. What the Victory Means for the Rest of 2026Marquez’s win signals a potential resurgence in the title fight, especially as he demonstrated strong pace after a sprint‑race victory from pole. If his recovery continues, he could challenge Aprilia’s dominance and force a three‑way battle with Ducati and KTM for the championship. Teams will likely prioritize bike setup for the slippery new surface, while riders will watch closely how Aprilia addresses the crash‑related setbacks.
#Marc Marquez #Ducati #KTM
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Economy Jun 07, 2026

Why Credit Cards Aren’t the Villain: Leveraging Them for Personal and Business Growth

Credit‑card delinquency hit a 15‑year high in Q1 2026, but the author argues that cards remain a vi…
The Surge in Delinquent Credit‑Card BalancesThe Federal Reserve Bank of New York reported that the share of credit‑card balances 90 days past due rose to 13.12% in the first quarter of 2026 – the highest level in 15 years and the worst since the post‑2008 financial‑crisis period. The spike has reignited criticism of Visa, Mastercard and the banks that issue cards.Credit Cards as the Primary Financing Tool for Small BusinessesDespite the headline‑grabbing delinquency numbers, the Federal Reserve’s 2025 Small Business Credit Survey shows that credit‑card financing remains the number‑one source of capital for small firms. Entrepreneurs rely on cards for:Payroll and employee compensationPurchasing production materialsCross‑border supplier paymentsRapid, low‑friction transactions compared with checks or cashThese uses underscore why cards are viewed as a “blessing” for many startups and independent operators.The Financial Mechanics Behind Card‑Based Working CapitalSmart users treat a card like a short‑term loan:Buy inventory or services that generate revenue within weeks.Pay the balance in full (or within a brief grace period) to avoid the high‑interest rates.Build a strong credit history, unlocking cheaper bank financing later.Perks such as points, cash‑back and travel rewards further enhance the net return when cards are paid off promptly.Broader Implications for Consumers and the Credit IndustryThe narrative that cards are inherently “evil” overlooks their role in financial inclusion. When used responsibly, they provide:Liquidity for households facing cash‑flow gaps.A safety net against fraud, thanks to consumer liability limits.Access to credit for individuals without extensive banking relationships.However, the rising delinquency rate signals that a segment of users is over‑leveraging, highlighting the need for better financial education and disciplined spending plans.Outlook: Smarter Card Use and Policy ConsiderationsGoing forward, the author recommends:Consumers adopt a spending plan and avoid maxing out cards.Small businesses separate personal and business cards to track expenses and maximize rewards.Policymakers encourage transparent interest‑rate disclosures and promote alternatives such as low‑interest home‑equity loans for balance‑transfer strategies.If these practices take hold, credit cards can remain a powerful, low‑cost financing option while keeping delinquency growth in check.
#Credit Cards #Visa #Mastercard
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Economy Jun 07, 2026

War on Iran Pushes US Consumers Into Higher Prices After 100 Days

One hundred days into the US‑Israel war on Iran, Americans are seeing household expenses rise sharp…
One hundred days after the United States and Israel began military operations against Iran, the conflict is translating into a tangible economic squeeze for American families, from higher pump prices to tighter grocery budgets.War’s First 100 Days: Surge in Energy Costs Hits American HouseholdsPetrol prices jumped to $4.22 per gallon on the Friday following the war’s start, up from $2.98 on February 28, the day the strikes began, according to the American Automobile Association. Iran’s retaliation—targeting regional energy infrastructure and throttling traffic through the Strait of Hormuz—has pushed global oil and gas prices higher, feeding directly into U.S. consumer fuel costs.Moody’s Analytics Finds $750 Extra Household Spending, $447 on EnergyAverage U.S. household expenses are up $750 since the conflict began.Energy‑related outlays account for $447.19 of that increase.Mark Zandi, chief economist at Moody’s Analytics, called the rise a “big economic blow” for middle‑ and lower‑income families.Additional data points show inflation climbing to 3.8% (up from 3.5%) and energy prices rising 5.5% in the latest Personal Consumption Expenditures report.Ripple Effects: Inflation, Mortgage Rates, and Airline Prices ClimbFood prices rose 0.5% in April, the strongest gain since November 2022.Tomato prices surged 15% in March alone.30‑year fixed mortgage rates moved from 5.98% in February to 6.5% by late May.Airfare increased 2.7% in March and 2.8% in April, with United Airlines planning up to a 20% fare hike.Consumer sentiment fell to 44.8 in May (University of Michigan), and two‑thirds of shoppers report cutting back on spending, according to The Conference Board.Looking Ahead: Federal Reserve Policy and Fiscal Requests Amid Ongoing ConflictAnalysts at JPMorgan Chase expect the Federal Reserve to keep rates steady through mid‑2027, possibly raising them later. Meanwhile, the Pentagon has asked for an additional $200 billion in supplemental war funding, while the White House’s FY 2027 budget proposes a total of $1.5 trillion—a 42% increase over 2026—paired with a $73 billion cut to non‑defense programs.As the war drags on, higher energy costs are likely to keep inflationary pressure on, shaping both monetary policy and household budgets for the foreseeable future.
#United States #Iran #Donald Trump
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