David Russell
Coverage of David Russell in the Nexus archive.
- Oklahoma Jewish Charter Case Heads to Court as Debate Spreads to Other States
The founders of the National Ben Gamla Jewish Charter School Foundation in Oklahoma are challenging the state's refusal to approve their charter school, arguing that Oklahoma's nonsectarian requirement for charter schools constitutes religious discrimination. The case, which could determine the school's opening in 2027, follows a similar legal battle over a Catholic virtual charter school that deadlocked at the U.S. Supreme Court. The court will address whether the school can open during the litigation and whether families can access proposed policies.
- Wholesale inflation falls 0.3% in June, but Iran war clouds outlook
U.S. wholesale inflation fell 0.3% in June due to plunging energy prices, but rising tensions with Iran are creating uncertainty. Year-over-year wholesale prices increased 5.5%, down from 6% in May, while core wholesale prices rose 4.7% compared to June 2025. Producer prices dropped alongside consumer prices, easing pressure on the Federal Reserve to raise interest rates, though inflation remains above its 2% target.
- US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
U.S. producer prices fell 0.3% in June due to plunging energy prices, marking the largest decline since April 2025. However, heightened tensions with Iran over the Strait of Hormuz are creating uncertainty, while annual wholesale inflation remains at 5.5%. Consumer prices also dropped 0.4%, easing pressure on the Federal Reserve to raise interest rates despite inflation still exceeding its 2% target.