A Missed Opportunity in Munich

Hyatt Executive Chairman Thomas Pritzker Resigns Over Epstein Ties Authored by Tom Ozimek via The Epoch Times, Thomas J. Pritzker, the longtime executive chairman of Hyatt Hotels Corporation, announced his retirement effective immediately on Feb. 16, acknowledging what he described as “terrible judgment” in maintaining contact with convicted sex offender Jeffrey Epstein and his associate Ghislaine Maxwell. Pritzker, 75, said in a statement released by the company on Monday that he will also not stand for reelection to Hyatt’s board of directors at the company’s 2026 annual shareholder meeting. In a letter shared...

Nearly 400 Drones Target Moscow Overnight, With Zelensky In Washington Seeking To Sway Trump Ukraine's long-range drone attacks on Russian territory have long become a nightly thing (as have Russian drones and missiles on Ukraine territory), but it has become clear that these attack waves have grown in volume and effectiveness. On Tuesday Russian officials are newly acknowledging another massive attack wave on the Moscow region, describing that nearly 400 drones were inbound on the capital overnight.  Source: General Staff of the Armed Forces of Ukraine Moscow Mayor Sergei Sobyanin indicated that 390 drones had...

BMW Targets 8,000 Job Cuts With New Voluntary Severance Package BMW shares in Germany are down 36% so far this year, as the automaker's latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a "wake-up call for the auto industry." The outlook for BMW continues to deteriorate, with Bloomberg reporting that the automaker will begin a sweeping workforce restructuring in Germany this fall. Voluntary departures in Germany are expected to account for most of the roughly 8,000 positions BMW plans to eliminate globally, equivalent to about 5% of its...