American Airlines cuts 2026 earnings projections after surge in jet fuel

Source: CNBC

“American Airlines on Thursday cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to expenses this year. American said it could post an adjusted per-share loss of 40 cents up to earnings of $1.10 a share, lower than the per-share earnings of $1.70 to $2.70 it forecast in January, though Wall Street analysts have been trimming their forecasts for the industry since the U.S.-Israel attacks on Iran this year. Airlines have been either cutting their full-year forecasts or holding off on further guidance because of volatile prices for jet fuel since the war started. Fuel is generally their biggest expense after labor.” (04/23/26)

https://www.cnbc.com/2026/04/23/american-airlines-aal-q1-2026-earnings.html

Cultifying the US Military

Source: Paul Krugman
by Paul Krugman

“When Americans sign up to serve the nation under arms, they agree to temporarily forego many of the freedoms of civilian life. They must wear uniforms, not street fashion. They must eat Army or Navy food. They must salute officers and obey orders. They must, in other words, adhere to military discipline. It won’t surprise you to learn that Hegseth is completely hypocritical on this subject. He says that your body, your faith, and your convictions are not negotiable. But he has banned most beards from the U.S. military and cracked down on religious exemptions.” (04/23/26)

https://paulkrugman.substack.com/p/cultifying-the-us-military

How to Save the Planet Without Screwing Over Poor People

Source: Persuasion
by Quico Toro

“When I talk to climate people in rich countries, I find a lot of concern about capitalism, about our alienation from nature and the way capitalist consumption unbalances our relationship with the natural world. Which figures: when you talk to first-world people, you hear a lot about first-world problems. Most climate activists don’t seem very worked up about poverty in the developing world, probably because they just haven’t spent a lot of time with poor people in poor countries, and they just don’t think about them very often. The results are unsurprising. First-world climate activists tend to favor policies that risk making poverty in the developing world worse, and they don’t seem much troubled by this.” (04/23/26)

https://www.persuasion.community/p/the-kind-of-climate-activism-that

From Shakespeare to Smith: Why Credit Exists in Every Western Society

Source: The Daily Economy
by Iain Murray

“Credit is not an artificial construct imposed by financiers or states. It arises because modern commercial life cannot function without it.” (04/23/26)

https://thedailyeconomy.org/article/from-shakespeare-to-smith-why-credit-exists-in-every-western-society/

Duterte to stand trial at ICC over deadly Philippines “war on drugs”

Source: France 24 [French state media]

“Former Philippines president Rodrigo Duterte will face trial at the International Criminal Court (ICC) after judges on Thursday confirmed charges of crimes against humanity over his so-called ‘war on drugs.’ Pre-trial judges ‘unanimously confirmed all the charges … against Rodrigo Roa Duterte and committed him to trial,’ the ICC said in a statement. Duterte will be the first Asian former head of state to face trial at the ICC, which prosecutes individuals for the world’s worst crimes such as war crimes and crimes against humanity.” (04/23/26)

https://www.france24.com/en/asia-pacific/20260423-ex-philippine-president-duterte-to-stand-trial-at-icc-over-deadly-war-on-drugs