Article
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...
aboutLiberty Portal
Liberty Portal is your gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important people and lessons within the liberty movement.
suggested
May 27, 2026 / Tyler Durden
Al 'Mr.Impeachment' Green Out As Crypto-Backed Candidates Win Key Texas Primary Runoffs
Al 'Mr.Impeachment' Green Out As Crypto-Backed Candidates Win Key Texas Primary Runoffs
Authored by Christina Comben via CoinTelegraph.com,
Crypto-backed political groups supported several winning candidates in Texas primary runoffs Tuesday, highlighting the digital asset industry’s growing role in US elections as Congress debates new rules for crypto markets.
Attorney General Ken Paxton won the Republican US Senate runoff against four-term Senator John Cornyn by a wide margin, according to Texas primary runoff results, and will face Democratic state Representative James Talarico in November.
In Houston’s 18th Congressional District, Democrat Christian Menefee unseated fellow Democrat representative Al Green...
Read more
Mar 20, 2026 / Tyler Durden
Fear Of The Second Wave
Fear Of The Second Wave
Authored by Jeffrey Tucker via The Epoch Times,
This time last year, it seemed like we were just about finished with the terrible inflation of the Biden years that had trimmed at least 25 percent from the purchasing power of the dollar.
The hope has been for a year that the massive increases in money printing over the COVID years were finally done. As some put it, the snake had finally digested the golf ball.
All along we’ve worried that the experience of the 1970s would repeat: three...
Read more
Apr 28, 2026 / Dave DeCamp
Senate Blocks Effort to Prevent Trump From Attacking Cuba
The Senate on Tuesday blocked an effort to prevent President Trump from launching an attack on Cuba without congressional authorization amid a ramped-up US oil embargo and planning for a potential war against the island nation. The War Powers Resolution, introduced by Tim Kaine (D-VA), Adam Schiff (D-CA), and Ruben Gallego (D-AZ), was blocked from […]
Read more




