New Year’s Eve News Dump: Obama Signs Defense Authorization Bill

By: Saturday December 31, 2011 1:45 pm

The President signed the defense authorization bill today, appending a signing statement expressing concerns with the detainee measures in the bill.

Iran’s Threats to Close Strait of Hormuz Would Have Major Economic Implications

By: Wednesday December 28, 2011 1:30 pm

The Iranian threat to close off the Strait of Hormuz would have implications across the board. 15 million barrels of oil pass through it every day. This, incidentally, is the entire acknowledged purpose of the US military presence in the Middle East: to ensure safe shipping for hydrocarbon tankers.

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