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

US Q4 GDP Growth Cut In Half To Just 0.7% After Revision While it's useless most of the time, and especially so when the US has just entered war throwing a wrench into the entire economic calculus, moments ago the BEA reported that Q4 GDP in the US was slashed by half after the 1st revision of data: instead of 1.4%, the US grew just 0.7% in the last quarter of 2025 (0.660% to be precise), and far below estimates of a 1.4% print. It was also the lowest GDP...

Sophisticated Drone Swarms Disrupt Operations At Barksdale Air Force Base Earlier this month, Barksdale Air Force Base in Bossier Parish, Louisiana, faced an unprecedented threat from sophisticated drone swarms. These drones, operating in waves of 12 to 15 units each, loitered over the base for approximately four hours daily, disrupting critical operations and forcing the Air Force to halt activities and shelter personnel.  This marked the first time a U.S. air base was temporarily taken out of operation in wartime, a scenario that had never occurred even during World War...

Spirit Airlines Prepares To Shutter Operations As Trump Rescue Deal Falls Apart The Wall Street Journal reports that bankrupt Spirit Airlines is preparing to wind down operations after failing to secure a $500 million lifeline from the Trump administration. WSJ reports: The ailing budget airline had been hoping to finalize a $500 million lifeline from the government before running out of cash. The discount carrier hasn't been able to get sufficient support between certain bondholders and the government to secure the funding to keep it in business, people familiar with the matter...