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Why Sovereign Debt Is Structurally Insulated from Market Discipline

Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.
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Jul 20, 2026 / Tyler Durden
NYC Street Vendors Now Openly Selling Illegal Prescription Pills Across 10 Blocks
NYC Street Vendors Now Openly Selling Illegal Prescription Pills Across 10 Blocks What looks like an ordinary row of street vendors in Washington Heights is, in reality, an illegal outdoor pharmacy, according to the NY Post. Along roughly half a mile of St. Nicholas Avenue, between West 179th and West 183rd streets, vendors openly sell prescription medications from folding tables, offering everything from antibiotics and pain medications to erectile dysfunction pills and over-the-counter remedies. The Post writes that the operation stretches across about 10 blocks, with dozens of nearly identical setups displaying...
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Apr 20, 2026 / Tyler Durden
Iranian Woman Arrested In LA, Charged With Helping Iranian Regime Sell Drones
Iranian Woman Arrested In LA, Charged With Helping Iranian Regime Sell Drones Authored by Jack Phillips via The Epoch Times (emphasis ours), Federal officials arrested an Iranian woman at the Los Angeles International Airport on Saturday night for allegedly brokering weapons for the Iranian regime, officials said Sunday. (Left) Shamim Mafi is arrested at Los Angeles International Airport for allegedly trafficking arms on behalf of the Iranian regime, on April 18, 2026. (Right) Shamim Mafi. U.S. Attorney’s Office of the Central District Of California Shamim Mafi, 44, of Woodland Hills, California, is a...
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Apr 23, 2026 / Tyler Durden
UK High Court Backs Facial Recognition Rollout
UK High Court Backs Facial Recognition Rollout Authored by Kit Knightly via OffGuardian.org, Yesterday evening, the UK’s High Court ruled in favour of the Metropolitan Police in a legal challenge pertaining to the use of Live Facial Recognition Technology (LFR) across London’s transport network. The case had been brought by Silkie Carlo of Big Brother Watch and Shaun Thompson, a youth worker who was previously misidentified by the technology, “over concerns it could be used arbitrarily or in a discriminatory way”. Specifically, their lawyers argued that the current powers claimed by police governing the...
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