JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral

Is The Iran War Good For The Petrodollar? Diana Choyleva wrote an excellent editorial for the Wall Street Journal entitled “The Iran War Is A Boon For The Petrodollar.” She pushes back against claims that the Iran conflict is accelerating the death of the petrodollar. Instead, RealInvestmentAdvice.com points out that she argues the opposite: between Iran and Venezuela, the U.S. is defending and bolstering dollar dominance in the oil trade. The 75-year-old petrodollar system rests on oil being priced and traded in dollars, which keeps the dollar prominent in all global trade. China has...

Pope Sounds Alarm On AI "Slavery" While Church Aligns With Lefty Anthropic Pope Leo XIV published his first encyclical on Monday, entitled Magnifica Humanitas (The Magnificence of the Human Person). The roughly 42,300-word declaration, issued as a papal encyclical, warned, "The fight against new forms of slavery is a decisive test for the ethical discernment of AI and digital transformation." "If technology promises emancipation, yet produces new forms of global subordination, it stands in contradiction to the fundamental principle of human dignity," the pontiff explained in the encyclical, while urging governments...

Voter ID Vindicated By Obama Judge It took seven years, one reversed injunction, and an Obama-appointed judge to settle what most Americans already believed: requiring a photo to vote is not a civil rights violation. This week, U.S. District Judge Loretta Biggs dropped a 134-page ruling upholding North Carolina's photo voter ID law and dismissing claims by the state NAACP and other left-wing civil rights organizations that Republicans designed the 2018 requirement to discriminate against black and Latino voters.  The decision is a huge victory for Republican legislative leaders, who have been...