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- US shrimpers face ‘double whammy’ from soaring fuel costs, tariff refunds
BAYOU LA BATRE, Alabama — Many American shrimpers are keeping their shrimp boats docked with an empty tank ahead of shrimping season as high fuel prices and tariff refunds hit the industry with a "double whammy."Rising diesel costs — driven in part by geopolitical tensions affecting global oil supply — are squeezing margins for shrimpers who rely heavily on fuel to operate. At the same time, a dispute over tariff refunds is adding financial pressure across the industry.Some shrimp boat owners in Bayou La Batre, Alabama, like Joseph Rodriguez, are watching for developments in the Middle East as the Strait of Hormuz remains effectively closed as conflict continues in the region. Before the conflict, about 20% of the world's oil supply passed though the Strait. "We definitely depend on the price of fuel, which we can't control at all," Rodriguez said. FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL'S CHAIRMANSHIP NEARS ENDIranian officials said Monday they would consider reopening the strait if the U.S. lifts its naval blockade and ends the conflict. The Trump administration rejected the proposal, citing Iran’s refusal to halt its nuclear program."It's going to make it more difficult to make any kind of profit at all," Rodriguez said. Some shrimping crews are using the downtime to repair vessels while waiting for fuel prices to ease.Meanwhile, fuel prices in the United States continue to soar. AAA reported a gallon of diesel fuel cost an average of $5.46 on Tuesday, about $2 higher than a year earlier.Rodriguez built the "Little Andrew," a shrimp boat capable of holding 27,000 gallons of diesel fuel, in 2001. He said the vessel recently burned through about 12,000 gallons during a 37-day trip.AIR CANADA SCRAPS KEY US ROUTES AS FUEL COSTS SURGE AMID IRAN CONFLICTThe Southern Shrimp Alliance said fuel costs "routinely account for more than 50%" of shrimpers' total operating expenses, warning that elevated prices could limit access to sustainable shrimp stocks off the U.S. coast.Rodriguez, like several other shrimpers along the Gulf Coast, said he supports U.S. strikes in Iran and expects fuel prices to eventually fall if the Strait of Hormuz reopens."We'll surf along with it for a little bit because it's got to be done," Rodriguez said. "I believe fuel prices will come back down to a more manageable for us in the very near future."In addition to fuel costs, shrimpers are raising concerns about tariff refunds following a recent Supreme Court ruling.In… [TheTopNews] Read More.5 hours ago - ‘Amazing’ moment for communities given right to buy for the first ti...
Ministers say the new law in England gives power to local people who want to help others. [TheTopNews] Read More.5 hours ago - Brickbat: Do You Know Who You’re Talking To?
The Colorado House of Representatives recently passed House Bill 26-1263, which would impose new rules on AI chatbots. The law would require chatbots to clearly tell users that they are talking to artificial intelligence, not a real person. It would also force companies to set up safety steps if a user talks about suicide or self-harm, and it would ban chatbots from providing mental or physical health advice. The bill's sponsor, Rep. Sean Camacho (D–Denver), said the bill fills a gap in state law because AI systems do not have the same legal duty to protect users that people do. The post Brickbat: Do You Know Who You're Talking To? appeared first on Reason.com. [TheTopNews] Read More.5 hours ago - Jack Lowden Plays a Right-Wing, Anti-Immigration Politician in ‘Vote Gavin Lyl...
Having played British spies, lords, WWII fighters pilots and even wrestlers, Jack Lowden has now taken on his most contemporary role to date. In the satirical short “Vote Gavin Lyle” — from WePresent, the arts platform of WeTransfer — the Emmy nominee portrays a middle-England family man and aspiring right-wing politician. Released on YouTube and WePresent […] [TheTopNews] Read More.5 hours ago - Trump’s controversial ballroom is getting a new push. How did we get here?
The Trump administration is ramping up its push for the president's proposed ballroom after last weekend's shooting at the White House correspondents' dinner, with top Republicans now arguing the event space is needed for security reasons. [TheTopNews] Read More.5 hours ago
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BAYOU LA BATRE, Alabama — Many American shrimpers are keeping their shrimp boats docked with an empty tank ahead of shrimping season as high fuel prices and tariff refunds hit the industry with a "double whammy."Rising diesel costs — driven in part by geopolitical tensions affecting global oil supply — are squeezing margins for shrimpers who rely heavily on fuel to operate. At the same time, a dispute over tariff refunds is adding financial pressure across the industry.Some shrimp boat owners in Bayou La Batre, Alabama, like Joseph Rodriguez, are watching for developments in the Middle East as the Strait of Hormuz remains effectively closed as conflict continues in the region. Before the conflict, about 20% of the world's oil supply passed though the Strait. "We definitely depend on the price of fuel, which we can't control at all," Rodriguez said. FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL'S CHAIRMANSHIP NEARS ENDIranian officials said Monday they would consider reopening the strait if the U.S. lifts its naval blockade and ends the conflict. The Trump administration rejected the proposal, citing Iran’s refusal to halt its nuclear program."It's going to make it more difficult to make any kind of profit at all," Rodriguez said. Some shrimping crews are using the downtime to repair vessels while waiting for fuel prices to ease.Meanwhile, fuel prices in the United States continue to soar. AAA reported a gallon of diesel fuel cost an average of $5.46 on Tuesday, about $2 higher than a year earlier.Rodriguez built the "Little Andrew," a shrimp boat capable of holding 27,000 gallons of diesel fuel, in 2001. He said the vessel recently burned through about 12,000 gallons during a 37-day trip.AIR CANADA SCRAPS KEY US ROUTES AS FUEL COSTS SURGE AMID IRAN CONFLICTThe Southern Shrimp Alliance said fuel costs "routinely account for more than 50%" of shrimpers' total operating expenses, warning that elevated prices could limit access to sustainable shrimp stocks off the U.S. coast.Rodriguez, like several other shrimpers along the Gulf Coast, said he supports U.S. strikes in Iran and expects fuel prices to eventually fall if the Strait of Hormuz reopens."We'll surf along with it for a little bit because it's got to be done," Rodriguez said. "I believe fuel prices will come back down to a more manageable for us in the very near future."In addition to fuel costs, shrimpers are raising concerns about tariff refunds following a recent Supreme Court ruling.In… [TheTopNews] Read More.
5 hours ago
Ministers say the new law in England gives power to local people who want to help others. [TheTopNews] Read More.
5 hours ago
The Colorado House of Representatives recently passed House Bill 26-1263, which would impose new rules on AI chatbots. The law would require chatbots to clearly tell users that they are talking to artificial intelligence, not a real person. It would also force companies to set up safety steps if a user talks about suicide or self-harm, and it would ban chatbots from providing mental or physical health advice. The bill's sponsor, Rep. Sean Camacho (D–Denver), said the bill fills a gap in state law because AI systems do not have the same legal duty to protect users that people do. The post Brickbat: Do You Know Who You're Talking To? appeared first on Reason.com. [TheTopNews] Read More.
5 hours ago
Having played British spies, lords, WWII fighters pilots and even wrestlers, Jack Lowden has now taken on his most contemporary role to date. In the satirical short “Vote Gavin Lyle” — from WePresent, the arts platform of WeTransfer — the Emmy nominee portrays a middle-England family man and aspiring right-wing politician. Released on YouTube and WePresent […] [TheTopNews] Read More.
5 hours ago
The Trump administration is ramping up its push for the president's proposed ballroom after last weekend's shooting at the White House correspondents' dinner, with top Republicans now arguing the event space is needed for security reasons. [TheTopNews] Read More.
5 hours ago
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