Article
$100 Oil Is Solving Russia's Budget Problem
$100 Oil Is Solving Russia's Budget Problem
Submitted by Charles Kennedy of OilPrice.com
Russia is getting an unexpected windfall from the war in the Middle East. The Kremlin’s oil revenues this month hit a four-year high as oil prices jumped to $100 per barrel amid the Iran war and the de facto closed Strait of Hormuz.
Moscow expects so much additional revenues from the oil price spike that authorities are unlikely to downgrade Russia’s economic prospects, hold off on planned budget cuts, and even boost military spending on the war...
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Mar 13, 2026 / Tyler Durden
401(k) Hardship Withdrawals Hit Record High
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The AI bubble and data center buildout have helped catapult equity markets to new highs (pre-Middle East conflict), minting a record number of 401(k) millionaires. However, beneath the surface, hardship withdrawals from 401(k) plans have also climbed to a record, reinforcing the view that the K-shaped economy is becoming more entrenched.
Vanguard's How America Saves 2025 report shows that hardship withdrawal activity "increased to a new high" of 6% in 2025, up from 4.8% in 2024 and about 2% before the pandemic.
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Mar 26, 2026 / Dave DeCamp
At Pentagon Service, Hegseth Prays for Violence Against Those Who ‘Deserve No Mercy’
US Secretary of War Pete Hegseth held a “worship service” at the Pentagon on Wednesday, where he prayed for God to inflict violence on “those who deserve no mercy” and for “wicked souls” to be delivered to “eternal damnation,” as the US war chief continues to portray the US-Israeli war against Iran as one sanctioned […]
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Jul 22, 2026 / Tyler Durden
House Panel Subpoenas Far-Left Groups Linked To China-Based Marxist Financier Neville Singham
House Panel Subpoenas Far-Left Groups Linked To China-Based Marxist Financier Neville Singham
The House Ways and Means Committee has subpoenaed the People's Forum, a New York-based far-left NGO; BreakThrough News, a far-left propaganda media outlet; and Tricontinental: Institute for Social Research, which can be described as anchored in "national liberation Marxism."
These organizations are part of a broader investigation into more than $39 million in funding linked to Marxist China-based tech financier Neville Roy Singham, who has pushed for revolution in America.
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