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Russia-Linked Arms Trafficker, Corrupt African Officials Tried To Supply Mexican Cartel With Surface-To-Air Missiles
Russia-Linked Arms Trafficker, Corrupt African Officials Tried To Supply Mexican Cartel With Surface-To-Air Missiles
Submitted by The Bureau's Sam Cooper (emphasis our own),
Federal prosecutors in Virginia have charged four men — a Bulgarian arms trafficker with ties to the notorious Russian weapons dealer Viktor Bout, and several African co-conspirators with connections to the governments of Uganda and Tanzania — with conspiring to supply the Cartel de Jalisco Nueva Generación with a $58 million military arsenal that included rocket launchers, surface-to-air missiles, anti-aircraft drones, and high-powered explosives the brokers boasted could bring...
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Aug 7, 2026 / Tyler Durden
Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm
Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm
The UN Food and Agriculture Organization’s Food Price Index climbed to a three-year high in July, extending its upward trajectory as conflicts across Eurasia (the Black Sea and the Hormuz chokepoint) disrupt critical trade routes and mounting El Niño risks threaten global harvests.
The United Nations Food and Agriculture Organization’s FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 131.09 last month, up...
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Jun 3, 2026 / Tyler Durden
Rabo On Regime-Change At The Fed: What Warsh Can (And Should) Do First
Rabo On Regime-Change At The Fed: What Warsh Can (And Should) Do First
The honeymoon period for Warsh is over.
The FOMC could have given him the professional courtesy of allowing him to settle in, but in recent weeks several Committee participants have staked out their position.
They want to drop the FOMC’s easing bias and instead take a more neutral stance.
This means it will be more difficult for Warsh to convince the Committee of cutting rates anytime soon.
Against that internal pressure, WSJ's Fed whisperer, Nick Timaraos reports that Warsh has tapped two...
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Aug 13, 2026 / Tyler Durden
Private Credit's Problems Just Got Real
Private Credit's Problems Just Got Real
Submitted by QTR's Fringe Finance
For most of this year, the private credit story I’ve written about (and warned about) has been about investors trying to get their money out. Now the loans themselves appear to be cracking.
The Wall Street Journal reported yesterday that defaults across several of the largest publicly traded private credit funds have climbed to their highest levels in at least five years, while watchlists of troubled borrowers are simultaneously expanding and investor returns are deteriorating. In other words, the private credit mess I’ve been documenting...
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