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New Iran Supreme Leader Chosen, But Identity Concealed, As US-Israeli Strikes Obliterate Tehran's Energy Resources
New Iran Supreme Leader Chosen, But Identity Concealed, As US-Israeli Strikes Obliterate Tehran's Energy Resources
Iran officially announced Sunday that it has chosen its next supreme leader, though the identity of the successor remains under wraps for now, given that already the Assembly of Experts had last week paused the selection process amid the ongoing heavy US-Israeli bombing campaign. The other big concern is that the next Ayatollah of the Islamic Republic will have big target on his back while under the bombs.
According to Iran's ISNA news agency, the Assembly...
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May 6, 2026 / Connor O'Keeffe
How Antitrust Populists Drove Spirit Airlines Out of Business
Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort entirely misdiagnosed the problem with the airline industry, leading to an intervention that strengthened the very oligopoly they set out to fight.
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May 5, 2026 / Tyler Durden
Caught Off Guard: Stunned EU Leaders React To Trump's Troop Reduction In Germany
Caught Off Guard: Stunned EU Leaders React To Trump's Troop Reduction In Germany
European officials have expressed dismay, disappointment, and surprise in the wake of the weekend announcement by the Trump administration that the US will be withdrawing some 5,000 troops from Germany over the coming months.
"There has been talk about withdrawing US troops from Europe for a long time. But of course, the timing of this announcement comes as a surprise," EU foreign policy chief Kaja Kallas expressed on the sidelines of the European Political Community meeting in Yerevan,...
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Mar 13, 2026 / Tyler Durden
US Q4 GDP Growth Cut In Half To Just 0.7% After Revision
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...
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