Tuesday, April 28, 2026

UAE Quits OPEC

How the UAE’s decision to leave OPEC could recast the Middle East
https://www.theguardian.com/business/2026/apr/28/how-uae-leave-opec-recast-middle-east-saudi-arabia-us
Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region.
 
UAE leaves OPEC in blow to global oil producers' group
https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group ​as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations. 

Europe's Economic and Strategic Conundrum

How Europe regulated itself into American vassalage
https://www.economist.com/europe/2026/04/22/how-europe-regulated-itself-into-american-vassalage
The road to economic serfdom.
 
How EU is pivoting away from ‘toxic’ Trump & closer to China | Fareed's Take
https://youtu.be/YWZACdqdFcc
 
Europe Still Needs China
https://www.foreignaffairs.com/china/europe-still-needs-china# 

Cost-Push versus Demand-Pull Inflation

Where Americans Are Drawing the Line on Price Increases
https://www.wsj.com/economy/consumers/where-americans-are-drawing-the-line-on-price-increases-3e237258
Shoppers are buying less where prices are rising fastest, showing that inflation isn’t being driven by demand but by companies passing on costs. 

Dimon on Risk of a Debt Crisis

The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
https://finance.yahoo.com/economy/policy/articles/u-had-national-debt-home-104852574.html
 
Related:
https://www.bloomberg.com/news/articles/2026-04-28/jpmorgan-s-dimon-warns-again-on-risks-of-credit-market-downturn 

Bill Maher on Taxes and Government Spending


 

A Challenging Labor Market for New College Graduates

Graduates Reset Ambitions in Pursuit of First Jobs
https://www.nytimes.com/2026/04/28/business/economy/college-graduates-job-market.html
Young people aiming to build careers are entering fields they had not considered in order to find their footing. 
 
Internships Are More Crucial Than Ever—and Even Harder to Find
https://www.wsj.com/lifestyle/careers/internships-are-more-crucial-than-everand-even-harder-to-find-cbefc84a
More students and unemployed graduates are vying for a limited number of spots to improve their odds of getting hired. 

The Student Loan Bubble

The Credit Bubble Everybody’s Ignoring
https://www.wsj.com/opinion/the-credit-bubble-everybodys-ignoring-e457c0ae
Federally backed student loans and mortgages are seeing increased defaults. Taxpayers are on the hook.