US helicopter goes down in Arabian Sea, crew member missing, Navy says

Source: CBS News

“Three members of a four-person MH-60S Sea Hawk helicopter crew were rescued at sea after an ’emergency water landing’ in the Arabian Sea early Wednesday morning, according to U.S. Naval Forces Central Command. A search continues for the fourth and final crew member. There is ‘no indication’ the helicopter was shot down by hostile action, the military said. The helicopter is assigned to the USS George H.W. Bush.” (07/01/26)

https://www.cbsnews.com/news/u-s-helicopter-goes-down-in-arabian-sea-crew-member-missing-navy-says/

Thomas L. Knapp

Why People Say the Economy is Bad: Fees and Insurance

Source: CounterPunch
by Dean Baker

“People’s negative assessments of the economy continue to be somewhat of a mystery. The recent run-up in gas prices and inflation more generally is unambiguously bad news, but is this the worst economy ever, as some of the consumer confidence measures have been showing recently? Real income for those at the middle and bottom has generally been rising by standard measures, so it seems that we’re missing something, and I’m not sure any of us have figured out what. My friend, Jared Bernstein, argues that a big part of the story is that consumers are unhappy not just because of inflation, but because prices are high. Implicitly, they expect them to come down and are unhappy that they don’t.” (07/02/26)

https://www.counterpunch.org/2026/07/02/why-people-say-the-economy-is-bad-fees-and-insurance/

Thomas L. Knapp

The Cold War Origins of Taiwan’s Silicon Shield

Source: Libertarian Institute
by Joseph Solis-Mullen

“Today, Taiwan occupies a uniquely important position in the global economy. The island produces the overwhelming majority of the world’s most advanced semiconductors, manufacturing the chips that power everything from smartphones and artificial intelligence systems to automobiles, satellites, and advanced weapons platforms. Taiwan has become so central to the modern technological order that analysts since the 1990s have routinely described its semiconductor industry as a ‘silicon shield,’ a strategic asset so important that no major power can afford to see it disrupted. As the debate continues over whether to de-risk or re-shore American semi-conductor supply chains, how we arrived at this point can be instructive.” (07/02/26)

https://libertarianinstitute.org/articles/the-cold-war-origins-of-taiwans-silicon-shield

Thomas L. Knapp

Venezuelan security guard pulled alive from building basement 8 days after twin quakes

Source: SFGate

“Rescuers pulled a 43-year-old security guard alive from a collapsed basement early Thursday, ending a grueling days-long operation that became a symbol of hope after the devastation of twin earthquakes that struck Venezuela eight days earlier. Hernán Alberto Gil Flores was extracted safely after being trapped since June 24 under the rubble in the basement of the Galerías Playa Grande shopping center in the coastal town in La Guaira. Rescuers initially made contact with him over the weekend. Teams carrying flags from across the world cheered as rescuers carried Gil, wearing an oxygen mask on a stretcher covered in an orange tarp, through throngs of people into a Red Cross ambulance. A group of men in red Costa Rican Red Cross uniforms embraced and laughed in relief, while others broke out into applause. The rescue was considered a small miracle cutting through a week of tragedy.” (07/02/26)

https://www.sfgate.com/news/world/article/venezuelan-security-guard-pulled-alive-from-22330064.php

Steve Trinward

Greece: Attackers target home of ruling party figures, killing one

Source: The New Arab [UK]

“Attackers targeted the homes of three politicians from Greece’s ruling party with homemade explosives on Wednesday, leaving one person dead and four wounded, police told AFP. The attacks at dawn in the northern city of Thessaloniki targeted figures from the New Democracy party with devices made from gas bottles. … The Kathimerini news website reported that the parents of former party candidate Afroditi Nestora were injured and taken to hospital. It identified the other two targets as the party’s executive committee president Zisis Ioakimovic and former MP Savvas Anastasiades. Nestora’s mother died on Wednesday evening, according to the Thessaloniki hospital where she had been taken for treatment. … Police did not say who might have carried out the attacks or suggest a motive. The anti-terrorist division was investigating. Leftist and anarchist groups often use improvised explosives to target political figures, banks and companies in Greece, causing damage but rarely any casualties.” (07/02/26)

https://www.newarab.com/news/attackers-target-homes-greek-ruling-party-figures-killing-one

Thomas L. Knapp