Georgia Governor Declares 15 Day State of Emergency, Deploys National Guard in Anticipation of Tyre Nichols and 'Cop City' Riots

Bob lays out California’s proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax structures change incentives, and what recent migration data says about people voting with their feet.

Blue Owl Plunges After Halting Redemptions On Private Credit Retail Fund Things are getting from bad to worse for Private Credit giant Blue Owl Capital. The last time we looked at the firm's precarious liquidity situation about a month ago, we found that the Blue Owl BDC would allow for 17% redemptions as investors, burned by both the tumbling stock price and the company's massive exposure to ticking private credit time bombs, were storming for the exit.  Blue Owl BDC Allows for 17% Redemptions as Investors Storm Exit: BBG — zerohedge (@zerohedge) January...

Munich Security Conference A 'Circus' - Iran Says After Exiled Shah's Son Invited The Munich Security Conference, once regarded as a heavyweight diplomatic forum, has devolved into a spectacle that favors "performance over substance," Iranian Foreign Minister Abbas Araghchi complained after his country was snubbed. Organizers barred senior Iranian officials from attending this year's gathering after deadly protests and unrest shook the country last month, threatening the stability of the Islamic Republic. Tehran has lashed out: "Sad to see the usually serious Munich Security Conference turned into the ‘Munich Circus’ when it...