Friday, May 01, 2026
Thursday, April 30, 2026
Global Shipping Crisis: From UN Pirate Accusations to the Record $4M Panama Toll
While the conflict in the Strait of Hormuz remains a central focus, the
ripples are being felt across every sector of the global shipping
industry—from skyrocketing bunker fuel prices to heated debates at the
United Nations.
Uploaded: Apr 29, 202612.1K Likes
Contact What's Going on With Shipping via:
Patreon: www.patreon.com/wgowshipping
Twitter: @mercoglianos
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Facebook: @wgowshipping
Email: mercoglianosal@gmail.com
Trump Adds His Face to the U.S. Passport
The Trump administration announced this week that it plans to issue
passports prominently displaying the president’s portrait and signature --- the so-called “Land of the Free” has chosen to brand its passport with the very symbol of violently enforced borders.
Special-edition US passport will feature Trump's likeness and signature. (courtesy US State Departm
News
Howardena Pindell, “Untitled #123” (2024) (courtesy Sotheby’s)
- The Yale School of Art is partnering with Sotheby’s to host an auction benefiting scholarships for students in its Master of Fine Arts program, a collaboration that speaks to larger questions of affordability in higher arts education.
- George Herms, one of the founders of the West Coast Assemblage movement, dies at age 90.
Art Review
José Gamarra, “L’inaccessible...” (1986–87) (photo courtesy Mémorial ACTe, fonds Région Guadeloupe)
Édouard Glissant’s Museum-as-Archipelago
An exhibition of his collection finds provisional alliances between artists, rather than reiterating established hierarchies. | John Yau
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Community
Late photographer Raghu Rai (photo Raajessh Kashyap/Hindustan Times via Getty Images)
Remembering Raghu Rai, Jack Thornell, and Jarvis Rockwell
This week, we honor India’s most celebrated photojournalist, a Pulitzer Prize-winning photographer, and a multi-media artist.
Member Comment
Holly Wong on Aaron Short's “Joan Semmel Is Doing Her Best Work at 93”
This
article gives me so much hope. It proves that you can have a singular
vision, go against the grain of art world trends and build a life of
meaning and purpose. I am so grateful that Joan has begun to be
recognized in significant ways but this late career recognition doesn't
define what she has already achieved, which is to courageously have a
voice when no one else is listening.
From the Archive
The Archipelago Conversations by Édouard Glissant with Hans Ulrich Obrist (courtesy Isolarii)
Édouard Glissant Sought to Undermine the European Ideological Underpinnings of Colonization
In conversations with Hans Ulrich Obrist, Glissant proposed an Art Museum of the Americas. | David Brazil
U.S. DEPARTMENT OF COMMERCE / Bureau of Economic Analysis News: Personal Income and Outlays, March 2026
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News Release
Personal Income and Outlays, March 2026
Personal income increased $149.2 billion (0.6 percent at a monthly rate) in March, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $142.5 billion (0.6 percent), and personal consumption expenditures (PCE) increased $195.4 billion (0.9 percent).
Personal outlays the sum of PCE, personal interest payments, and personal current transfer payments—increased $198.6 billion in March. Personal saving was $857.3 billion in March, and the personal saving rate—personal saving as a percentage of DPI—was 3.6 percent.
The increase in current-dollar personal income in March primarily reflected increases in compensation and farm proprietors’ income that were partly offset by a decrease in other government social benefits.
The $195.4 billion increase in current-dollar PCE in March reflected increases of $132.6 billion in spending on goods and $62.9 billion in spending on services.
Real PCE increased $39.6 billion (0.2 percent at a monthly rate) in March.
From the preceding month, the PCE price index for March increased 0.7 percent. Excluding food and energy, the PCE price index increased 0.3 percent.
From the same month one year ago, the PCE price index for March increased 3.5 percent. Excluding food and energy, the PCE price index increased 3.2 percent from one year ago.
| Personal Income and Related Measures [Percent change from preceding month] | ||||
|---|---|---|---|---|
| February | March | |||
| Current-dollar personal income | 0.0 | 0.6 | ||
| Current-dollar DPI | 0.0 | 0.6 | ||
| Real DPI | -0.4 | -0.1 | ||
| Current-dollar PCE | 0.6 | 0.9 | ||
| Real PCE | 0.3 | 0.2 | ||
| PCE price index | 0.4 | 0.7 | ||
| PCE price index, excluding food and energy | 0.4 | 0.3 | ||
For
definitions, statistical conventions, updates to personal income and
outlays, and more information about these statistics, visit "additional information."
Next release: May 28, 2026, at 8:30 a.m. EDT
Personal Income and Outlays, April 2026
Technical Notes
Changes in personal income and outlays for March
The March increase in personal income primarily reflected increases in compensation and farm proprietors’ income that were partly offset by a decrease in other government social benefits.
- Within compensation, the increase was led by private wages and salaries based on Bureau of Labor Statistics (BLS) Current Employment Statistics (CES).
- The increase in farm proprietors’ income reflected payments to farmers from the Farmer Bridge Assistance Program.
- The decrease in other government social benefits reflected a decrease in estimated Affordable Care Act enrollments.
Legal services prices
The PCE price index for legal services was adjusted for the months of January and March. No adjustment was made for February. For more information on why BEA sometimes adjusts source data, refer to the FAQ "Does BEA adjust source data that are used to estimate GDP and related measures?".
Revisions to personal income
Estimates have been updated for January and February, reflecting updated and new data on Medicaid benefits from the Centers for Medicare and Medicaid Services.
Related Data Tables
For the statistics highlighted in this release, as well as historical time series for these estimates, see the following data tables in BEA’s Interactive Data Application.
Table 2.6. Personal Income and Its Disposition
Table 2.8.1. Percent Change From Preceding Period in Real PCE by Major Type of Product
Table 2.8.5. PCE by Major Type of Product
Table 2.8.6. Real PCE by Major Type of Product
Table 2.8.7. Percent Change From Preceding Period in Prices for PCE by Major Type of Product
Table 2.8.11. Real PCE by Major Type of Product: Percent Change From Month One Year Ago
Note. With the next release of PIO, today’s data will be superseded, and the links above will reflect the latest data. The original data featured in this release can then be accessed in BEA’s Data Archive.
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Flash News: Ukraine Intercepts Russian Kh-59 Cruise Missile Using US VAMPIRE Air Defense System Mounted on Boat. Ukrainian forces have made ...
