"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To COVID Highs

Self-Flagellation Nation Authored by Frank Filocomo via RealClearBooks, You've probably heard the refrain before, but it bears repeating: The West is the best. As I write this, it's nearly one hundred degrees Fahrenheit here in Brooklyn. Thank God for air conditioning. The air conditioner, by the way, was invented by the New York-born Willis Carrier in the early part of the twentieth century. Willis was, without question, a product of Western Civilization. Before the AC - which we, no doubt, take for granted nowadays - our ancestors, when faced with the dog days of...

Iran Launches Crypto-Based "Hormuz Safe" Insurance Platform For Ships Crossing Strait Via The Cradle The Islamic Republic of Iran has launched a digital insurance platform, titled Hormuz Safe, in order to guarantee safe passage through the Strait of Hormuz and provide coverage for commercial vessels.  The platform will rely on cryptocurrency payments from vessels and is being advanced by the Iranian Economy Ministry, according to a Saturday report by Fars News Agency.  "The Ministry of Economy is advancing a plan that would make the management of the Strait of Hormuz possible through insurance...

Trump Gave Saudi Crown Prince Green Light For Attack On Yemen's Sanaa Airport Authored by Dave DeCamp via AntiWar.com Axios reported Monday that President Trump gave Saudi Crown Prince Mohammed bin Salman (MbS) his support for an attack on Yemen ahead of Saudi Arabia’s bombing of the Sanaa International Airport, which shattered a years-long truce between Riyadh and the Houthis. US officials told Axios reporter Barak Ravid that Riyadh sought support for the attack during conversations with US officials last week, which included a Friday conversation between Trump and MbS. The report said MbS "asked...