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S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook.
S&P Global Ratings cut New Orleans' general obligation rating by one notch to BBB+ with a negative outlook, citing structurally imbalanced finances, shrinking reserves, and growing reliance on one-time desperate measures to meet cash needs.
"The...
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Jun 25, 2026 / Kyle Anzalone
Vance Touts Increased Ties Between Iran, GCC States
Vice President JD Vance said that the war against Iran has resulted in Gulf Arab states seeking deeper ties with Tehran. “Because of the conversations they’re having with the Iranians. The Emiratis — by far the most hawkish, by far the most pro-Israel country in the [Gulf Cooperation Council] — they’re having conversations with the […]
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Jun 7, 2026 / Tyler Durden
Pentagon Officially Removes 180 Faiths From Military Religion List
Pentagon Officially Removes 180 Faiths From Military Religion List
Authored by Aldgra Fredly via The Epoch Times,
The Department of War has formally removed 180 faiths from its official list of religious affiliation codes, leaving 31 remaining, according to a memo posted by Pentagon spokesman Sean Parnell on June 5.
The Pentagon in Arlington, Va., on May 25, 2026. Madalina Kilroy/The Epoch Times
The military had initially listed 211 faith and belief codes, but that number has been sharply reduced under the direction of War Secretary Pete Hegseth, according to a memo signed...
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Apr 29, 2026 / Tyler Durden
Germany Scrambles For Polish Oil Route As Russia Halts Druzhba Flows
Germany Scrambles For Polish Oil Route As Russia Halts Druzhba Flows
Submitted by Julianne Geiger of OilPrice.com
Germany is hunting for solutions to reroute crude oil supplies to the PCK Schwedt refinery after Russia said it would halt Kazakh oil deliveries through the Druzhba pipeline starting May 1, with roughly 43,000 barrels per day (bpd) now at risk.
Berlin is now in talks with Poland over moving replacement barrels through the port of Gdansk, with potential deliveries flowing onward to Schwedt, the refinery that supplies much of eastern Germany, including Berlin, with...
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