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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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Apr 16, 2026 / Tyler Durden
Fire Erupts At Major Australian Refinery, Amplifying Fuel Shock As "Green" Killed Refining Buffer
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Australia's failed "green" domestic energy policies had already sparked a fuel-supply shock shortly after the U.S.-Iran conflict disrupted tankers at the Hormuz chokepoint. Now, a fire has broken out at the larger of Australia's two remaining oil refineries, adding even more fuel supply woes.
Victoria state fire authorities said the blaze erupted at Viva Energy's 120,000-barrel-per-day Geelong refinery, one of only two operating oil refineries left in Australia. The refinery accounts for roughly...
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Mar 30, 2026 / Dave DeCamp
US Used a New Missile in a Strike in Iran That Hit a Sports Hall and an Elementary School
The US used a new missile in a strike on the first day of the US-Israeli war against Iran that hit a sports hall and an adjacent elementary school in the Iranian city of Lamerd, killing at least 21 people in the area, The New York Times has reported. The report, which cited weapons experts […]
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Jun 24, 2026 / Joseph T. Salerno
Murray N. Rothbard: Toward a “Science of Liberty”
Social, economic, and political problems are intertwined and complex and require a grand theory to address them. For Rothbard, the unifying theme of social theory was liberty.
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