Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era

Sternlicht's Starwood Real Estate Fund Gates Redemptions Earlier this month, when much of the attention was largely focused on private credit, we warned that one of the old, familiar credit market time-bombs, commercial real estate which for many years had been penned as the "Next Big Short", was deteriorating rapidly: according to the latest TREPP CMBS monthly report, March saw a surge in the CMBS delinquency rate, which jumped by 41bps to 7.55%, the highest in years, led by a surge in the lodging rate, a category which until now was...

Record 1 In 16 People Worldwide Now Use Drugs, UN Report Says Authored by Naveen Athrappully via The Epoch Times, One out of every 16 people in the world uses drugs, the highest level at any point in human history, the United Nations said in a June 26 post on X. “While cannabis remains the most widely used drug, the global cocaine market has reached record levels,” the U.N. stated in the post. In the 10 years between 2014 and 2024, global production of cocaine has surged by more than 370 percent. The...

CIA Investigated Officers For Espionage Over Not Taking COVID-19 Vaccine: Lawsuit Authored by Zachary Stieber via The Epoch Times, The CIA has investigated thousands of personnel and contractors for not receiving a COVID-19 vaccine, according to a new lawsuit. In 2021, then-President Joe Biden imposed COVID-19 vaccine mandates for federal employees and contractors. Shortly after, the CIA’s chief operating officer directed the CIA’s Counter Espionage Department to investigate all unvaccinated contractors and workers within the agency, plaintiffs said in the suit, which was filed on June 30 in federal court in Virginia. “Any...