The Economics of Political Unrest
Welcome back to The Forecast from Bloomberg Weekend, where we help you think about the future — from next week to next decade.
After a very busy news week, this Sunday we're looking at the economics of political unrest. The analysis below is about the Los Angeles protests and Donald Trump's response — but on Saturday two Democratic Minnesota lawmakers and their spouses were shot. Meanwhile, anti-Trump 'No Kings' protests took place in hundreds of US cities, coinciding with a military parade in Washington, DC and Trump's 79th birthday.
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CBS News
18 minutes ago
- CBS News
Vance Boelter's car found 1 day after targeted lawmaker shootings in Minnesota
New developments in search for suspect in shootings of Minnesota lawmakers New developments in search for suspect in shootings of Minnesota lawmakers New developments in search for suspect in shootings of Minnesota lawmakers Authorities say they have found a vehicle belonging to the suspect identified in the targeted shootings of two Minnesota lawmakers and their spouses. Residents of Sibley County were sent an emergency alert stating the shooter's vehicle had been located near Minnesota Highway 25 and 301st Avenue in Faxon Township. The alert encouraged residents to lock their doors and secure their vehicles, adding that law enforcement will be going to area residences to ask to search properties. The Minnesota State Patrol and U.S Marshals Service were among the agencies on scene in Sibley County Sunday morning. A discarded cowboy hat was also located on the scene, nearly 60 miles southwest from where the shootings took place. Hortman and her husband were fatally shot at their home in Brooklyn Park early Saturday morning, officials said. Hoffman and his wife were shot and wounded roughly 5 miles away at their home in Champlin. Minnesota Gov. Tim Walz said the attacks were politically motivated. A discarded cowboy hat found near Boelter's car in Sibley County. WCCO Officials identified 57-year-old Vance Boelter as the suspect, and said he should be considered armed and dangerous. The FBI is offering a $50,000 reward for information leading to his arrest and conviction. Authorities said Saturday he was likely trying to leave Minnesota. A vehicle believed to be Boelter's found outside Hortman's home contained an extensive list of possible targets, authorities said. There were also fliers connected to Saturday's "No Kings" protests found inside. Boelter's known address is a rural home in Sibley County, near the town of Green Isle, though he had most recently been living at a home in north Minneapolis, a law enforcement source said. According to the Mille Lacs County Sheriff's Office, Boelter's wife was in a car along with several other relatives during a traffic stop in Onamia on Saturday. Sheriff Kyle Burton said his staff did not search or question any occupants of the vehicle.
Yahoo
21 minutes ago
- Yahoo
Trump says Israel and Iran will come to deal ‘soon'
US President Donald Trump issued a stark warning to Iran against retaliating on US targets in the Middle East while also predicting that Israel and Iran would 'soon' make a deal to end their escalating conflict. Mr Trump in an early morning social meeting posting said the United States 'had nothing to do with the attack on Iran' as Israel and Iran traded missile attacks for the third straight day. 'The U.S. had nothing to do with the attack on Iran, tonight. If we are attacked in any way, shape or form by Iran, the full strength and might of the U.S. Armed Forces will come down on you at levels never seen before. However, we can easily get a deal done between Iran and… — The White House (@WhiteHouse) June 15, 2025 Iran, however, has said that it would hold the US, which has provided Israel with much of its deep arsenal of weaponry, for its backing of Israel. Israel targeted Iran's Defence Ministry headquarters in Tehran and sites it alleged were associated with Iran's nuclear program, while Iranian missiles evaded Israeli air defences and slammed into buildings deep inside the country. Mr Trump said: 'If we are attacked in any way, shape or form by Iran, the full strength and might of the US armed forces will come down on you at levels never seen before.' Hours later, the US president took to social media again to predict that 'Iran and Israel should make a deal, and will make a deal'. The US president made the claim that he has built a track record for de-escalating conflicts, and that he would get Israel and Iran to cease hostilities 'just like I got India and Pakistan to' after the two countries' recent cross-border confrontation. Mr Trump also pointed to efforts by his administration during his first term to mediate disputes between Serbia and Kosovo and Egypt and Ethiopia. 'Likewise, we will have PEACE, soon, between Israel and Iran!' Mr Trump said. 'Many calls and meetings now taking place. I do a lot, and never get credit for anything, but that's OK, the PEOPLE understand. MAKE THE MIDDLE EAST GREAT AGAIN!' The growing conflict between Israel and Iran is testing Mr Trump, who ran on a promise to quickly end the brutal wars in Gaza and Ukraine and build a foreign policy that more broadly favours steering clear of foreign conflicts. Mr Trump has struggled to find an endgame to the wars in Ukraine and Gaza. And after criticising President Joe Biden during last year's campaign for preventing Israel from carrying out strikes on Iranian nuclear sites, Mr Trump found himself making the case to the Israelis to give diplomacy a chance. His administration's push on Tehran to give up its nuclear program came after the US and other world powers reached a long-term, comprehensive nuclear agreement in 2015 that limited Tehran's enrichment of uranium in exchange for the lifting of economic sanctions. Mr Trump spoke with Russian President Vladimir Putin on Saturday about the growing Israel-Iran conflict, and he is set to travel to Canada for Group of Seven leaders summit where the Mideast crisis will loom large over his talks with the leaders of Britain, Canada, France, Germany, Italy, and Japan and the European Union.
Newsweek
21 minutes ago
- Newsweek
Pilot Covering 'No Kings' Protest Goes Viral With Accidental Admission
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A helicopter pilot who was covering the "No Kings" protests in Los Angeles from the sky accidentally joked about his personal life as he was caught on a hot mic. Fox 11 reporter pilot Stu Mundel was in a helicopter flying over California when he began to discuss his cats, his marriage, and other home affairs. Mundel had been covering the No Kings protests in Los Angeles, which were organized in response to President Donald Trump's military parade on Saturday that celebrated the anniversary of the U.S. Military's creation—as well as his own 79th birthday, a coincidence he played down, saying the parade was to celebrate the Army and flag day. While streaming live to Fox 11's YouTube channel coverage on the protests, Mundel appeared to respond to a question over his radio, before launching into a conversation about his personal life. "You know what? I don't care. I don't care about my... I am married. I am legally married. I am legally married," Mundel joked. "That's about the only way you can really say it. I am legally married. But I am not looking at... now at all. "I just had a bunch of debacles with my personal life. Yes, it's true. I know it's hard to believe. Somebody that doesn't even know what he's talking about in their relationship. "I got nothing right now. Got nothing. Got nothing. Not really looking. I'm trying to find myself and be happy. I'm being serious about that. I want to behold—I want to be beholden to no one at this moment. You know? Do I get lonely? Of course, of course. But I got cats," he said before laughing. Thousands of protesters gather in downtown Los Angeles for an anti-Trump "No Kings Day" demonstration in a city on June 14, 2025. Thousands of protesters gather in downtown Los Angeles for an anti-Trump "No Kings Day" demonstration in a city on June 14, 2025. Getty Images Mundel then changed the topic of conversation to the view from the helicopter with comical speed, saying: "I think all that information's on the internet. Look at all those red cars down there." The No Kings protests that Mundel was covering were taking place in multiple states on Saturday in response to Trump's parade, but Los Angeles has remained the focus of many groups due to the ongoing unrest and protests in response to Trump's immigration policies. Most of the protests in Los Angeles have been peaceful, but some have taken the opportunity to burn or vandalize property, loot, and throw projectiles at law enforcement. Trump responded to these incidents with military deployments; doing so against the wishes of California Governor Gavin Newsom and Los Angeles Mayor Karen Bass, escalating the situation and tensions with the Democratic leaders The protests continue throughout the U.S., though events in Minnesota have been canceled after the suspect in the shooting of two state lawmakers was found to have No Kings flyers in his vehicle.
