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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 5, 2026 / Tyler Durden
Wildfire And Drought Risks Spike As California Enters Dry Season With Just 18% Snowpack
Wildfire And Drought Risks Spike As California Enters Dry Season With Just 18% Snowpack
California is entering its dry season with far less snow than usual, heightening drought concerns across the state, according to Bloomberg.
Snowpack stands at just 18% of normal statewide, according to the Department of Water Resources. Conditions are especially severe in the Sierra Nevada: the northern region has only 6% of typical levels, while the central and southern areas are at 21% and 32%, respectively.
The shortfall matters because California depends on winter snow — not year-round rainfall...
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Apr 30, 2026 / Tyler Durden
Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russian Deputy Prime Minister Alexander Novak, quoted by the Russian news agency Interfax, downplayed fears that the UAE's planned OPEC exit will trigger an immediate oil price war and race to the bottom.
"In the current situation, what kind of price war can there be when there is a shortage in the market?" Novak said, adding with the Strait of Hormuz remaining all but closed, "a huge amount of oil isn't reaching the market today, and demand is significantly higher than...
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Feb 26, 2026 / Timothy D. Terrell
'Nature-Al’ Entrepreneurship: Being Green Without the State
Dr. Timothy Terrell explains how entrepreneurs and property rights can protect forests, wildlife, and open spaces better than bureaucracies, using real-world examples of “enviropreneurs” who profit by conserving nature instead of exploiting it.
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