The Sy Hersh effect: killing the messenger, ignoring the message

Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund Three weeks ago, when the largest US Private Credit-focused asset manager Blue Owl, was faced with a flood of redemptions due to its outsized exposure to software loans (which are very rapidly being repriced to zero thanks to the disruption from AI), the firm opted against reinstating quarterly redemptions on a retail fund and decided to return investor capital through assets sales instead (effectively also freezing the money in it and gating investors ) announcing a massive...

What Would Robert Louis Stevenson Say About Ozempic? Authored by Ann Bauer via Brownstone Institute, I have loved many addicts in my life. I have been exasperated, impoverished, and terrified by them. But also amused, warmed, enraptured, elevated…That’s the thing about addicts. They contain multitudes, all drama and extremes. They’re charismatic until they’re repugnant, joyful until they’re suicidal. Everything is in vivid, dangerous color. It’s part of the ride and the reason they exert such a pull on cautious, ascetic people like me. Some of my addicts are gone. My closest friend and...

Pakistan & Afghanistan Exchange Heavy Fire After Short-Lived Truce The prior truce between warring neighbors Pakistan and Afghanistan has been breaking down since last week. Some analysts are calling it a ceasefire in name only. The globe's attention has been on the Iran conflict, but heavy AfPak fighting has been on for almost the exact same length of time as Trump's Operation Epic Fury against Iran. But it hasn't received much attention in international headlines. Getty Images Earlier this month a short-lived truce had been announced by the two sides just ahead of...