Individual Economists

Amb. Huckabee Claims Israel Has 'Biblical Right' To Conquer Whole Middle East

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Amb. Huckabee Claims Israel Has 'Biblical Right' To Conquer Whole Middle East

In a jaw-dropping exchange with Tucker Carlson, US Ambassador to Israel Mike Huckabee openly framed Israel's territorial claims in biblical terms - suggesting the Jewish state has a divine mandate over virtually the entire region.

Asked whether a passage from the Book of Genesis could be read as granting Israel the right to claim all the land between Egypt's Nile River and Syria's Euphrates, Huckabee didn't hedge. He bluntly and without apology said it would be "fine" if Israel and its military took over the whole Middle East. Full interview can be accessed here:

"It would be fine if they took it all," Huckabee, a former Southern Baptist Minister and previously the governor of Arkansas made clear. This led to a wide ranging conversation and back and forth over whether the modern nation-state of Israel, officially founded as a sovereign government on May 14, 1948, is synonymous with the Israel written about in the Old Testament, stretching back thousands of years.

Here's how that contentious segment of the interview unfolded, according to a transcript and commentary: 

Huckabee was asked in an interview with US conservative commentator Tucker Carlson about his understanding of a biblical verse suggesting that land including parts of Egypt, Syria and Iraq had been divinely promised to the Jewish people.

Carlson said that according to the Old Testament, the boundaries would be “basically the entire Middle East.”

He continued: “Does Israel have the right to that land?”

“Not sure we’d go that far,” Huckabee said in reply. “It would be a big piece of land.”

Carlson then pressed him: “Does Israel have the right to that land?”

“It would be fine if they took it all,” Huckabee responded, before adding, “I don’t think that’s what we’re talking about here today.”

Carlson asked: “You think it would be fine if the state of Israel took over all of Jordan?”

That's when Amb. Huckabee must have realized he was entering some hot diplomatic water, which would be sure to outrage Washington's Arab allies in the region.

"They’re not trying to take over Jordan. They're not trying to take over Syria. They’re not trying to take over Iraq or anywhere else, but they do want to protect their people," Huckabee responded. We should note here that the Israeli army has indeed invaded southern Syria and is occupying swathes of territory which lie a mere dozen or so miles from Damascus.

"I think you’re missing something because they’re not asking to go back to take all of that, but they are asking to at least take the land that they now occupy, they now live in, they now own legitimately, and it is a safe haven for them," Huckabee added.

Huckabee on Saturday, the day after the Carlson interview aired, issued a lengthy clarification of his comments, accusing the former Fox show host of twisting his words and engaging in bad faith arguments and attacks.

There are many parts of the rare interview which will be sure to spark lasting debate. Supporters of Huckabee tend to cast any and all criticisms of Israeli policy as 'anti-Semitic' - while critics of Tel Aviv point out that being against political Zionism does not equate to being anti-Jewish in any way.

Tyler Durden Sat, 02/21/2026 - 22:45

Japan's $36 Billion Bet On US Energy Dominance

Zero Hedge -

Japan's $36 Billion Bet On US Energy Dominance

Authored by Irina Slav via OilPrice.com,

  • Japan has committed $36 billion as the first tranche of its $550-billion U.S. investment pledge under last year’s trade deal, including plans to build a 9.2 GW natural gas power plant in Ohio.

  • The remaining funds will support a synthetic diamond factory and the Texas GulfLink deepwater oil export terminal.

  • The massive gas plant reflects surging U.S. electricity demand — particularly from AI-driven data centers — with natural gas emerging as the preferred source of reliable baseload power.

Japan has made the first commitments under a $550-billion investment program that made part of its trade deal with President Trump. Those first commitments are worth $36 billion and include what Commerce Secretary Howard Lutnick has called “the largest natural gas generation facility in history.”

The U.S. and Japan sealed a trade deal last summer, featuring a reduction in proposed tariffs—from 25% to 15%—on Japanese imports and a $550-billion Japanese investment pledge for the U.S. economy. Japan also pledged under the deal to expand market access for American goods, including cars, agricultural products, and energy.

Most of the money from that first investment tranche would be used to build the largest natural gas power plant, with a capacity of 9.2 GW.

“We will strengthen grid reliability, expand baseload power, and support American manufacturing with affordable energy,” Secretary Lutnick said in a statement after the deal. The plant will be built in Ohio. The facility will be operated by a subsidiary of Japan’s SoftBank, SB Energy.

The rest of the money would be split between a synthetic diamond factory and a deepwater oil port in the Gulf.

“This project is expected to generate $20–30 billion annually in U.S. crude exports, secure export capacity for our refineries, and reinforce America’s position as the world’s leading energy supplier,” per Lutnick.

The deepwater oil project was greenlit by the Trump administration earlier this month. Led by Sentinel Midstream, the Texas GulfLink facility would have an export capacity of 1 million barrels of crude daily. The approval was part of the federal government’s efforts to boost the United States’ energy dominance through oil and gas exports.

“The Texas GulfLink project is proof that when we slash unnecessary red tape and unleash our fossil fuel sector, we create jobs at home and stability abroad,” Transport Secretary Sean Duffy said in a statement to Reuters at the time.

“This critical deepwater port will allow the U.S. to export our abundant resources faster than ever before.”

In a factsheet on the Japanese deal, the Commerce Department said the deepwater facility would generate between $400 and $600 billion over 20 years and advance President Trump’s energy dominance agenda.

Most countries that struck trade deals with Trump last year to avoid massive tariffs on their U.S. exports made an energy import commitment specifically, with the tariff threat proving a useful tool for pursuing the energy dominance goal. Perhaps the most notable commitment in that respect was the European Union’s promise to buy $750 billion worth of U.S. oil and gas—a feat considered impossible by analysts due to physical factors such as constraints on the availability of such massive volumes of the respective commodities, constraints on consumption, and price considerations.

The largest natural gas power plant in history is most likely a response to the surge in electricity demand—and more specifically, baseload electricity demand, driven largely by the proliferation of data centers as the AI race among Big Tech majors intensifies. Earlier this week, the International Energy Agency said global electricity demand was growing at the fastest pace in 15 years. In the United States specifically, electricity demand rose by 2.1% in 2025 and is expected to grow by nearly 2% annually through 2030. The rapid expansion of data centers will drive half of the increase, the IEA noted.

Natural gas has emerged as the big winner of the AI race alongside nuclear, both of which provide the kind of electricity that data centers depend on: round-the-clock, uninterrupted electricity. Nuclear, however, takes longer to build and costs more, which is why gas power plants have taken priority.

Tyler Durden Sat, 02/21/2026 - 22:10

Boards Are Replacing CEOs At The Fastest Pace In Over A Decade

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Boards Are Replacing CEOs At The Fastest Pace In Over A Decade

A historic wave of leadership change is sweeping corporate America. Across 1,500 of the largest publicly traded companies, roughly one in nine CEOs was replaced last year—the highest churn since the post-financial-crisis years., according to the Wall Street Journal.

The turnover has ushered in the largest cohort of new chief executives in more than a decade, and they’re arriving younger and, in many cases, with thinner résumés than their predecessors.

The shake-up hasn’t slowed in 2026. Companies including Walmart, Procter & Gamble and Lululemon Athletica installed new leaders early in the year. On a single February day, Disney, PayPal and HP each announced CEO changes. Grocery chain Kroger also tapped a new chief. Altogether, firms representing trillions in market value have either replaced or appointed top executives in just a few months.

Boards appear to be responding to a business climate that feels fundamentally altered. Artificial intelligence is reshaping operations, global trade norms are fragmenting and geopolitical tensions are harder to ignore. As executive recruiter James Citrin put it, “We’re in a new environment, and someone who’s going to replay the playbooks of the past is not necessarily right.” He added that if a new chief fails to build momentum quickly with both employees and investors, directors are even less patient than before.

Some transitions were carefully choreographed. Warren Buffett handed leadership of Berkshire Hathaway to Greg Abel at the start of the year, completing a succession plan he had previewed years earlier. Others were abrupt. CarMax pushed out its CEO amid weak sales. At Codexis, the chief executive was replaced suddenly and the workforce reduced at the same time. Interim appointments, including at HP, signaled that not every board had a seamless plan in place.

The WSJ writes that retail illustrates how demanding the moment has become. Michael Fiddelke, newly installed at Target, found himself addressing sensitive political issues within days of stepping in, admitting to employees, “This isn’t the first message I imagined I’d send.” Industry executives say the job now requires reinvention rather than simple growth management, as pandemic aftershocks and cautious consumers create persistent headwinds.

The demographic profile of incoming leaders has shifted as well. New CEOs averaged about 54 years old—roughly two years younger than the prior class—and more than 80% were first-time public-company chiefs. Many have never served on a corporate board. Paul Shoukry, promoted at Raymond James at age 42, is emblematic of the trend. Supporters argue that leaders forged in volatile conditions may be better suited to navigate what one board director called dramatic and permanent change.

Not all diversity trends moved forward. Women accounted for just 9% of new CEO appointments last year, down from the year before, and they remain underrepresented across the broader market. As boards accelerate succession and bet on fresh profiles, the leadership reset underway is reshaping not only who runs America’s largest corporations—but what experience they bring to the job.

Tyler Durden Sat, 02/21/2026 - 21:35

Trump Admin Mandates English-Only Tests For Truckers Seeking Commercial Driver's Licenses

Zero Hedge -

Trump Admin Mandates English-Only Tests For Truckers Seeking Commercial Driver's Licenses

Authored by Kimberly Hayek via The Epoch Times (emphasis ours),

The federal crackdown on unqualified truckers kicked into a higher gear Friday when the nation’s transportation chief announced that tests for commercial driver’s licenses must be given only in English.

A truck drives through the Port of Oakland in Oakland, Calif., on Nov. 14, 2025. Justin Sullivan/Getty Images

Transportation Secretary Sean Duffy revealed the latest policy with a goal of ensuring that truck drivers understand English well enough to read road signs and communicate with law enforcement officers. Florida has already implemented English-only tests.

The new order includes modernizing the commercial driver’s license (CDL) registration system, cracking down on fraud, and improving driver safety.

“American families deserve safe roads and we are going to deliver them,” Duffy said in a post on X.

In another post on Friday, Duffy said that it is easier for noncitizens to get a CDL than U.S. citizens, noting that under the Biden administration, illegal immigrants seeking licenses were not subject to background checks, unlike American applicants.

“Our new rule restricts eligibility and ensures ONLY qualified drivers can operate big rigs,” Duffy added.

Duffy said a number of states have hired companies to oversee CDL tests, but those companies often fail to uphold the standards that drivers are required to meet.

In May 2025, Duffy signed an order implementing new guidance to enforce English proficiency requirements for truckers. Federal Motor Carrier Safety Administration regulations stipulate that a driver who cannot read or speak proficient English or understand highway traffic signs and signals does not qualify to operate a commercial motor vehicle.

By December 2025, the administration had removed nearly 9,500 commercial truck drivers from service for failing English proficiency checks.

Unqualified Driving Schools

The Transportation Department on Feb. 18 said more than 550 driving schools fail to meet basic safety standards and should be shut down.

Those commercial driver training providers received notices of proposed removal from the national registry as a result of more than 1,400 investigations, the department said.

Investigators found unqualified instructors, fabricated addresses, improper vehicles, and failures to teach hazardous materials handling, including schools that trained school bus drivers.

“For too long, the trucking industry has operated like the Wild, Wild West, where anything goes and nobody asks any questions,” Duffy said in a statement on Feb. 18. “The buck stops with me. Under President [Donald] Trump, my team is cracking down on every link in the trucking chain that has allowed this lawlessness to impact the safety of America’s roads. American families should have confidence that our school bus and truck drivers are following every letter of the law and that starts with receiving proper training before getting behind the wheel.”

Noncompliant States

The department finalized a rule on Feb. 11 to limit CDL eligibility for foreign nationals to holders of H-2A, H-2B, and E-2 nonimmigrant visas who undergo expanded interagency reviews.

The department has targeted states that handed out commercial driver’s licenses to immigrants who did not qualify, picking up its efforts ever since a fatal crash in Florida in August.

The Trump administration said the truck driver illegally entered the country from Mexico in 2018. The driver, Harjinder Singh, a native of India, allegedly made an illegal U-turn and caused a crash that killed three people. He obtained his licenses in California and Washington.

In October, Florida sued California and Washington over their CDL licensing practices.

The federal government has threatened to withhold funding from states such as California, Washington, and New Mexico for not enforcing English-language standards. California ultimately had more than $40 million withheld.

Nineteen states were allowing drivers to take their license tests in other languages, despite the drivers being required to demonstrate English proficiency.

Tyler Durden Sat, 02/21/2026 - 21:00

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