Iran tests indigenous anti-ship missiles:

On Wednesday, Iran tested domestically-designed anti-ship missiles as part of annual large-scale military exercises in the Persian Gulf. Iranian media revealed that two Khalij Fars missiles were launched from a military base near the Strait of Hormuz, which hit their designated targets accurately.

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Income Inequality Has Gone Up

The chairman of the White House Council of Economic Advisers, Jason Furman, recently wrote in the Washington Post that "Last year saw the largest single-year reduction in poverty since the 1960s."