The New Financial Iron Curtain: Taxes, Capital Controls, & The War On Your Wealth

Crestfallen Commie Mamdani Abandons Planned Property Tax Hike On New Yorkers Looks like NYC's communist mayor has had second thoughts about extracting more taxes by raising New Yorkers' property taxes - something he vowed to do to help close a two-year deficit. According to Bloomberg, the decision to drop the tax hike will be included in Mamdani's executive budget released today, which will mark the latest version of his spending plan for the fiscal year beginning July 1.  This is separate from a tax on second homes (the so-called pied-à-terre) that was initiated by...

Qatari LNG Tanker Hit By Iranian Missile In Hormuz Chokepoint A fully loaded Qatari LNG tanker was struck by a projectile near the Omani coast while exiting the Strait of Hormuz, raising fresh concerns that disruptions across the key energy maritime chokepoint could persist longer than traders had expected. Brent crude rose more than 1% to $72.76 a barrel as traders reassessed the war-risk premium in the Gulf area. The Al Rekayyat, owned by Qatar's state shipping company Nakilat, was struck early Tuesday about 8 nautical miles east of Limah, Oman,...

Feds Charge Sinaloa's Governor, Senator, Mayor, & Other Top Officials With Running A Narco-State Submitted by The Bureau's Sam Cooper, Federal prosecutors in New York have charged ten current and former senior Mexican government officials — among them the sitting governor of Sinaloa, a sitting federal senator, the mayor of the state capital, and the state’s former secretary of public security — with conspiring to protect the Sinaloa Cartel’s most powerful faction in exchange for millions of dollars in drug money, in what may be the most sweeping corruption indictment ever...