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France's Debt Spiral: Tax Hikes Mask A Looming Crisis
France's Debt Spiral: Tax Hikes Mask A Looming Crisis
Submitted by Thomas Kolbe
On both sides of the Franco-German border, the same problem persists: overburdened and reform-averse politicians struggle against a rapidly accelerating debt spiral. Their preferred tool: higher levies.
Last week, France’s Finance Minister Roland Lescure reported a revision of the projected budget deficit for the current year.
Initial estimates for 2026 had suggested a deficit well above five percent. Yet numerous fiscal measures brought last year’s deficit down to 5.1%. For 2026, the Finance Ministry expects it to stabilize at around...
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Apr 22, 2026 / Tyler Durden
Virginia Redistricting Rout Deals Major Blow To House Republicans
Virginia Redistricting Rout Deals Major Blow To House Republicans
Democrats’ decisive win in Virginia Tuesday night has dealt a significant blow to Republican hopes of retaining control of the House.
By persuading voters to dismantle the state's independent redistricting commission - created just six years ago - Democrats wiped out four Republican-held congressional districts. This means Virginia's House delegation is now on track to shift to a 10-to-1 Democratic advantage, a dramatic reversal for a state that remained firmly in GOP hands not long ago.
That said, Democrats dropped $65 million on the races...
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Mar 29, 2026 / Tyler Durden
UK's Ofcom To Investigate Complaints Of Climate-Change Denial
UK's Ofcom To Investigate Complaints Of Climate-Change Denial
Authored by Paul Homewood via notalotofpeopleknowthat blog,
This is frightening. Indeed it is truly Orwellian...
From the Guardian:
A U-turn by the UK’s broadcasting regulator Ofcom means it will investigate complaints of climate change denial on television and radio for the first time since 2017. The move marks a victory for campaigners who have accused the regulator of allowing some broadcasters “to spout dangerous climate lies” and “flout” rules on accuracy and impartiality.
Complaints about programmes on TalkTV and TalkRadio were assessed by Ofcom, which then decided not...
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Apr 23, 2026 / Tyler Durden
Europe Bets On Newsom To Reverse Trump's America - And Save Its Own Model
Europe Bets On Newsom To Reverse Trump's America - And Save Its Own Model
Submitted by Thomas Kolbe
America remains a country of high social mobility and upward opportunity—something we no longer see on today’s European continent. It may sound kitschy to many Europeans, yet its vibrant economic centers, high geographic mobility, and the flexibility of its people still create the conditions for this unique phenomenon.
Admittedly, the narrative of the “land of unlimited opportunity” may sound exaggerated today—something akin to self-promotion. Yet at its core, it still holds true. Can...
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