Subsidizing Higher Education Is Not Creating Widespread External Benefits

Blackstone's Flagship Private Credit Fund, World's Largest, Posts First Monthly Loss Since 2022 It only took a constant barrage of negative news surrounding the private credit space, including a surge in redemptions, investor gating, questions about loan markets as well as outright fraud, not to mention relentless criticism from of some of the biggest luminaries in credit, including Saba's Boaz Weinstein and Diameter's Scott Goodwin, for Blackstone to concede that its private credit book may have been mismarked. According to Bloomberg, Blackstone's flagship private credit fund - and the world's largest...

US Southern Command announced on Friday that its forces bombed a small boat in the Eastern Pacific Ocean a day earlier, as the US bombing campaign targeting alleged drug-running vessels in the waters of Latin America continues. As usual, SOUTHCOM offered no evidence to back up its claim that the boat was carrying drugs, something […]

North Korean Supreme Leader Kim Jong Un attended the test firing of missiles with multiple reentry vehicles.  “The purpose of the test-fire is to verify the characteristics and power of cluster bomb warhead and fragmentation mine warhead applied to the tactical ballistic missile,” North Korean state media reported on Sunday. “Five tactical ballistic missiles, launched […]