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Economy Apr 06, 2026

US Defense Contractors and Oil Giants Rake in Record Profits as Iran Conflict Pushes Gas Prices Over $4

Five weeks into the US‑Israel war with Iran, soaring gas prices have lifted US crude to over $110 a…
Two weeks after the United States and Israel entered a direct conflict with Iran, the White House faced mounting criticism that the war would drive up fuel costs and anger voters. Former President Donald Trump attempted to calm concerns on Truth Social, noting that the United States is the world’s largest oil producer and that higher prices translate into higher revenues for American companies. Now, five weeks into the hostilities, the reality is becoming clear: defense contractors and oil companies are the primary beneficiaries of the escalating energy market. The Department of Defense announced that Boeing will partner with Lockheed Martin to triple U.S. production of missile seekers, a move that sent Lockheed Martin’s stock up 25% since the start of the year. The announcement also lifted Boeing’s share price, underscoring how wartime procurement is boosting aerospace valuations. At the same time, Iran’s continued blockade of the Strait of Hormuz—through which roughly one‑fifth of global oil and gas flows—has pushed U.S. crude from $65 to over $110 per barrel in just a month. Pump prices have mirrored this surge, breaking the $4‑a‑gallon barrier for the first time since 2022. Oil majors have responded with sharp stock gains; ExxonMobil, Shell and Chevron have each risen more than 20% year‑to‑date. According to market‑research firm Rystad Energy, U.S. oil producers stand to earn an additional $63 billion as barrels trade above $100. “Oil prices in March have been materially higher than anyone expected, delivering a windfall for the vast majority of U.S. energy companies,” said Leo Mariani, senior analyst at Roth Capital Partners. The last comparable price shock occurred in 2022 after Russia’s invasion of Ukraine, when U.S. gasoline peaked at $5 per gallon and inflation surged to 9%. That episode generated $916 billion in global oil‑and‑gas profits, with U.S. firms accounting for $281 billion. Chevron’s subsequent $75 billion stock‑buyback program—seven times its prior year’s amount—illustrates how quickly companies can translate price spikes into shareholder returns. Research by economists Gregor Semieniuk and Isabella Weber revealed that in 2022, 50% of oil‑company profits went to the top 1% of Americans, while the bottom half of the wealth distribution captured just 1% of those gains. Analysts warn that the current conflict could generate even larger windfalls because it has damaged actual production capacity in the Middle East, not merely reshuffled supply. “You’re benefiting a lot more from higher prices than you are from lost production,” Mariani noted, emphasizing the outsized profit potential. Even if hostilities cease, restoring pre‑conflict output in the region may take months, prolonging the supply crunch. As senior fellow Clay Seagle of the Center for Strategic and International Studies explains, the current situation differs from 2022: “Now we’re dealing with a much more severe supply event because the oil has been actually removed from the market.” Prolonged high prices could eventually curb demand, as consumers and businesses seek alternatives—a shift seen after the 1970s oil shocks when the U.S. moved away from oil‑generated electricity. Nonetheless, many sectors remain vulnerable: diesel, a key fuel for trucks and aircraft, has risen 40%, and airline stocks such as United and American have fallen more than 15% since the year began. Moreover, disruptions to liquefied natural gas (LNG) production threaten fertilizer supplies essential for agriculture. Semieniuk cautions that “we’re approaching the kinds of disruption levels we saw in 2022, and with that, the kinds of profits that we saw there. If this takes longer, it’s going to surpass that.”
#Lockheed Martin #Exxon Mobil #Chevron
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World Economy Apr 06, 2026

The UK's Cost of Survival Crisis: How Struggling Families Are Fighting to Make Ends Meet

The article discusses the struggles of low-income families in the UK, who are facing a 'cost of sur…
The cost of living crisis in the UK has become a persistent reality for many low-income families, who are struggling to make ends meet. The situation has worsened due to the ripple effects of the war in Ukraine, with companies expected to raise prices rapidly in the coming months.The author, Ella Michalski, is part of Changing Realities, a collaboration of parents and low-income families from across the UK. She shares her personal experience of struggling to get by, with her family relying heavily on their car due to her daughters' complex needs. The financial circumstances of her family have not significantly improved in the past five years, despite her partner working.The article highlights the need for more support from the government, particularly for families with dependent children. The recent abolition of the two-child benefit cap and the rise in the minimum wage are seen as positive steps, but more needs to be done to address the root causes of poverty. The author also calls for changes to universal credit, including ending the punishing five-week wait for a first payment.The government's crisis and resilience fund (CRF) is seen as a step in the right direction, but its accessibility and effectiveness are concerns. The author argues that the government needs to target cost of living support at those who need it most, with a recognition that families with dependent children need more support.
#more #families #cost
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Technology Apr 06, 2026

Boötes Constellation Rises to Prominence in Northern Spring Sky

The Boötes constellation, also known as the herdsman, is becoming visible in the eastern sky after …
As the northern hemisphere welcomes spring, the constellation of Boötes, the herdsman, is rising to prominence in the eastern sky after dusk. This celestial display is a treat for stargazers, with the constellation's brightest star, Arcturus, shining brightly.A chart showing the view looking east from London at 21:00 BST on 6 April illustrates the optimal viewing conditions. By this time, the darkness is complete, and Arcturus, the fourth-brightest star in the night sky, is easily visible.To locate Boötes, start with the familiar shape of the Plough and follow the curve of its handle downwards in an arc until you reach the orange glow of Arcturus. This method makes it easy to find the constellation in the night sky.Boötes is one of the original 48 constellations defined by Ptolemy in the second century. However, its origins date back thousands of years to ancient Babylon, where it was associated with the god Enlil. In Greek tradition, Boötes is often identified as a herdsman or ploughman, with various mythic tales surrounding his role as a protector of rural life.During this time of year in the northern hemisphere, Boötes rises during twilight and becomes well-placed for observation by late evening. Conversely, from the southern hemisphere, Boötes appears low in the northern sky.
#tes #northern #sky
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Film Apr 06, 2026

Rediscovering Elvira Notari: Italy’s Forgotten Female Filmmaker Revived in ‘Beyond Silence’ Documentary

A new documentary, *Elvira Notari: Beyond Silence*, restores the legacy of Italy’s pioneering femal…
Elvira Notari—Italy’s first and most prolific female filmmaker—crafted a vivid portrait of early‑20th‑century Naples through melodramas such as È piccerella (1922). The film opens with bustling pilgrimage scenes at the Candelora festival, juxtaposing flamboyant revelry with stark images of poverty, a visual strategy that challenged the sanitized narratives favored by the fascist regime.According to film scholar Giuliana Bruno, Notari’s work was driven by a desire to document reality, exposing class tensions and gendered oppression that Mussolini’s censors deemed unacceptable. A 1928 censorship law explicitly banned Neapolitan films featuring “stallholders, beggars, urchins, dirty alleyways,” effectively silencing Notari’s authentic street‑level storytelling.Despite directing around 60 feature films—many hand‑coloured—alongside her husband Nicola at Dora Film, only three titles (A Santanotte, È piccerella, Fantasia ‘e surdato) and fragments survive today, a loss directly attributable to fascist suppression and the prohibitive cost of sound‑film conversion.The newly released documentary Elvira Notari: Beyond Silence, produced by Antonella Di Nocera and directed by Valerio Ciriaci, reconstructs Notari’s fragmented career by collaborating with contemporary “artisans”—photographers, visual artists, novelists, and musicians who reinterpret her silent‑film aesthetics. Ciriaci notes that the absence of personal archives made the film’s investigative approach essential, turning Notari’s silence into a creative catalyst.Critics emphasize Notari’s lasting influence on Italian‑American auteurs such as Francis Ford Coppola and Martin Scorsese. Elements of her chaotic street festivals anticipate the wedding scenes in *The Godfather* and *Goodfellas*, while her raw urban tableaux echo the gritty New York sequences of *Taxi Driver*.Beyond cinematic technique, scholars like Cristina Jandelli argue that Notari’s intertitles reveal a pronounced class consciousness and a critique of women’s marginalisation in early 20th‑century Italy. Her use of Neapolitan dialect and unvarnished depictions of squalor directly opposed the regime’s propaganda‑driven vision of a unified, pristine Italy.After Dora Film collapsed in 1930, Notari retired to Cava de’ Tirreni and died in 1946, largely forgotten until recent scholarly revival. The documentary positions her as a “symbol of the right to memories,” underscoring the ongoing relevance of silenced female voices in cultural history.*Elvira Notari: Beyond Silence* will premiere at New York’s Film Forum on 6 April 2026 and tour the United Kingdom throughout April and May, offering audiences a chance to reconnect with a pioneering filmmaker whose work was once erased by fascism.
#notari #her #she
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News Apr 05, 2026

Bangladesh Battles Suspected Measles Outbreak as Death Toll Nears 100 Children

Bangladesh reports a suspected measles outbreak that has claimed at least 98 lives among children u…
Bangladesh’s Ministry of Health and Family Welfare disclosed that a suspected measles outbreak has killed at least 98 children in the past three weeks, prompting an urgent escalation of vaccination efforts in Dhaka’s hardest‑hit districts.Prime Minister Tarique Rahman ordered two senior ministers to tour the nation’s 170 million residents, assess the crisis’s scale, and coordinate a rapid response.Official data released on Sunday show that 6,476 children aged six months to five years exhibited measles‑like symptoms, while 826 cases have been laboratory‑confirmed with 16 confirmed deaths. Health officials note that many cases go untested, meaning the true toll could be higher.According to Halimur Rashid, director of Communicable Disease Control, “Compared with past years, the number of affected children is higher, and the death toll is higher too.” He attributes the surge to multifactorial causes, including a shortage of vaccines.World Health Organization (WHO) records indicate the highest number of suspected measles cases in Bangladesh was 25,934 in 2005. After a long decline, this year’s figures represent a stark reversal.Measles remains one of the world’s most contagious diseases, spreading through coughs and sneezes. While it can affect any age group, children under five are most vulnerable to severe complications such as brain swelling and respiratory failure. WHO estimates up to 95,000 measles deaths globally each year, primarily among unvaccinated or under‑vaccinated children.Bangladesh has previously achieved notable progress in immunisation, yet a scheduled measles‑vaccination drive for June 2024 was postponed after a violent uprising that ousted Prime Minister Sheikh Hasina. Consequently, many children—some as young as six months—missed the routine nine‑month vaccine dose.Mahmudur Rahman, chief of the National Verification Committee of Measles and Rubella, acknowledged the missed target of eliminating measles deaths by December 2025, citing “poor vaccination programmes.”In response, Dhaka has identified 30 districts with the highest case numbers and launched an emergency vaccination campaign. Health Minister Sardar Shakhawat Hossain Bakul pledged that the drive will first cover the “worst affected areas” before expanding nationwide.Public‑health expert Tajul Islam A Bari, a former official of the Expanded Programme on Immunisation, warned that although funds were allocated for vaccine procurement, the government failed to secure the doses, leading to the current “scary” situation.With no specific treatment for measles once contracted, the focus remains on accelerating vaccine delivery, improving surveillance, and preventing further loss of young lives.
#measles #children #list
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Environment Apr 05, 2026

Satellite Mirrors and Constellations Threaten Sleep and Ecosystems

Proposed satellite mirror and constellation plans could disrupt sleep patterns and ecosystems world…
The deployment of reflective mirrors on satellites and the launch of thousands more satellites into low Earth orbit could have significant consequences for human health and ecosystems. Leading sleep and circadian rhythm researchers have raised concerns about the potential disruption to natural night-time light environments.The US Federal Communications Commission (FCC) is considering plans by Reflect Orbital to illuminate parts of the Earth at night using reflective satellites, as well as applications from SpaceX that could dramatically expand satellite numbers in low Earth orbit.2,500 researchers from over 30 countries have expressed concerns that altering the light-dark cycle could disrupt biological clocks that regulate sleep and hormone secretion in humans and animals, migration in nocturnal species, seasonal cycles in plants, and the rhythms of marine phytoplankton.Prof Charalambos Kyriacou, president of the European Biological Rhythms Society (EBRS), emphasized that "plants need the night" and that eliminating it could have global implications for food security.Reflect Orbital aims to use satellites equipped with large reflective mirrors to redirect sunlight onto areas roughly 5km to 6km wide "on demand", with brightness adjustable "from full moon to full noon".Meanwhile, SpaceX has proposed launching up to 1m satellites to create a giant solar-powered computing network in orbit designed to run artificial-intelligence workloads.Ruskin Hartley, chief executive of DarkSky International, noted that scientific studies have already shown that the existing number of satellites in orbit has increased diffuse night sky brightness by roughly 10%.Experts warn that if current trends in satellite launches and debris generation continue, night sky brightness could increase substantially over the coming decade, approaching the threshold astronomers have set for preserving naturally dark skies.
#SpaceX #OneWeb #Starlink
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Sport Apr 05, 2026

UCLA Bruins Claim Historic First NCAA Women's Basketball Championship

The UCLA Bruins secured their first NCAA women's basketball championship with a dominant 79-51 vict…
The UCLA Bruins have made history by capturing their first NCAA women's basketball title with a convincing 79-51 win over South Carolina. This victory marks a significant milestone for the program, which had not won a championship since the 1978 AIAW championship.Gabriela Jaquez led the charge with 21 points, while Lauren Betts added 16 points and secured 11 rebounds, earning her the Most Outstanding Player honors of the Final Four. The Bruins' defense was stellar, holding South Carolina to a season-low 17% shooting in the first quarter.Coach Cori Close expressed her pride and joy, stating, “It’s immeasurably more than I could ask or imagine. It’s beyond my wildest dreams.” The team's success was built on a combination of high school commitments and transfer portal players, showcasing Close's ability to build a cohesive and talented roster.The Gamecocks, led by coach Dawn Staley, faced a tough challenge and struggled with their shooting, ultimately suffering their second consecutive national championship loss. Despite the setback, Staley's team is expected to return to the championship game in the future, led by talented players like Joyce Edwards and Agot Makeer.Close's connection to UCLA runs deep, having been mentored by the legendary coach John Wooden, who won 10 national championships at the school. Her adoption of Wooden's 'Pyramid of Success' and focus on character has clearly paid off, as evidenced by the Bruins' championship win.
#bruins #game #ucla
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Sport Apr 05, 2026

Kendric Davis powers Sydney Kings to sixth NBL title in overtime upset before record crowd

Sydney Kings clinched their sixth NBL championship with a 113‑101 overtime win over Adelaide 36ers …
The Sydney Kings secured their sixth NBL championship after a dramatic 113‑101 overtime victory over the Adelaide 36ers in the decisive fifth game of the series.In front of a record‑breaking crowd of 18,589 spectators at the Sydney venue on Easter Sunday, Kings guard Kendric Davis delivered a stellar performance, tallying 35 points and 14 assists, which earned him the series MVP honor.Adelaide’s star guard Bryce Cotton matched Davis with 35 points, fueling a fierce duel that defined the series and kept the 36ers within striking distance until the final minutes.The 36ers entered the last quarter of regulation holding a seven‑point lead and appeared poised to capture their first title since 2002. However, Davis sank a crucial basket with 30 seconds left, and Tim Soares’s tip‑in forced a 95‑95 tie with six seconds remaining, sending the game into overtime.During the extra period, Davis set the tone by stealing the ball early and adding seven more points, while 36ers forward Nick Rakocevic fouled out after a contested play. The Kings built a decisive 13‑point advantage, highlighted by Makuach Maluach’s emphatic dunk in the final minute.The triumph also marks the first championship for the Kings since legendary coach Brian Goorjian returned to revitalize the club last season, fulfilling expectations after a season highlighted by a record‑breaking 44‑point Game 1 win.For Adelaide, the loss ends a heart‑breaking campaign that saw the 36ers rally from a heavy Game 1 defeat to level the series twice, only to fall short of ending their 24‑year title drought.
#ers #kings #championship
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Sports Apr 04, 2026

Chelsea thrash Port Vale 7-0 in FA Cup, Jorrel Hato sparks 64‑second opening goal

Chelsea advanced to the FA Cup semi‑finals with a dominant 7‑0 victory over League One side Port Va…
In a stark display of class, Chelsea dispatched Port Vale 7‑0 to secure a place in the FA Cup semi‑finals, the opening strike arriving just 64 seconds after kickoff courtesy of Jorrel Hato. The early goal set the tone for a match that quickly turned into a one‑sided affair. Manager Liam Rosenior entered the game under pressure, having suspended vice‑captain Enzo Fernández for both the cup tie and the forthcoming Premier League clash with Manchester City. Rosenior’s decision followed Fernández’s overt interest in a move to Real Madrid during the international break. The victory offers a brief respite after a run of four consecutive losses – two heavy defeats to Paris Saint‑Germain in the Champions League (8‑2 on aggregate) and league setbacks against Newcastle and Everton. With Chelsea still vying for a top‑five finish and a return to Europe’s elite competition, the result provides a needed morale boost. Port Vale, languishing at the bottom of League One and facing certain relegation, entered the tie hoping for a historic moment. Their last deep run in the competition dates back to 1954. Despite a passionate 6,000‑strong fanbase, the early concession left little room for optimism. After Hato’s swift opener, João Pedro added a second before halftime, and captain Cole Palmer forced an own‑goal to make it 3‑0. The second half saw Chelsea extend the lead with headers from Tosin Adarabioyo and Andrey Santos, a tap‑in by Estêvão Willian, and a penalty converted by substitute Alejandro Garnacho. The financial disparity was stark: Chelsea’s squad is valued at £439.8 million, whereas Port Vale’s XI cost the club nothing. Rosenior made three changes from the previous league outing, dropping Marc Cucurella and Moisés Caicedo and leaving Fernández on the bench. Port Vale manager Jon Brady attempted to shield his side with a defensive 5‑4‑1 setup, but the early goal shattered any hopes of containment. Subsequent Vale chances, including a corner from Pedro Neto, resulted only in panic‑filled scrambles. While Chelsea’s first half lacked sustained excitement, the quality of their finishers was evident. A well‑timed give‑and‑go between Malo Gusto and João Pedro produced a third goal, and Palmer’s rebound added a fourth after a save from goalkeeper Joe Gauci. In the latter stages, Estêvão saw two attempts denied by the woodwork before finally scoring from a rebound off Garnacho’s penalty. The final tally was sealed when Garnacho out‑maneuvered substitute Tyler Maglorie to net the seventh. Beyond the scoreline, the match underscores Chelsea’s urgent need to stabilise under Rosenior’s stewardship, especially with a crucial league encounter against Manchester City looming. For Port Vale, the defeat adds to a bleak season that will likely end in relegation, but the historic FA Cup appearance will remain a bright spot for their supporters.
#Chelsea FC #Port Vale #FA Cup
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