Why Rent Control Fails: Lessons From New York To Portland

DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings It all started in late January, just before the Blue Owl debacle and the SAAS-palcypse sparked a historic crash in private credit.  It was then that in a rare off-cycle disclosure, BlackRock TCP Capital Corp., a publicly traded private-credit fund structured as a business development company (BDC), disclosed a 19% markdown in net asset value as troubled loans weighed on performance. The news not only sent shares of the fund plunging 13% on Jan. 26, the most since March 2020 but market...

The US and Iran clashed at the UN on Monday during the first day of a month-long conference on the Nuclear Non-Proliferation Treaty (NPT), which began amid a very fragile ceasefire between the two countries and a continued US blockade on Iranian ports. Christopher Yeaw, the US assistant secretary for arms control, fumed over the […]

14-Country Maritime Defense Alliance Moves Closer To Deploying To Red Sea, Gulf Of Aden With Saudi shipping traffic in the Bab al-Mandeb Strait under unprecedented peril, the recently-launched Multinational Maritime Defense Coalition is moving closer to deploying ships to ensure freedom of navigation in the Red Sea, the Saudi Ministry of Defense announced on Friday.  Formed on July 30 at the initiative of Saudi Arabia, the Multinational Maritime Defense Coalition comprises 14 countries: Saudi Arabia, Kuwait, Bahrain, Qatar, Pakistan, Turkey, Egypt, Jordan, Yemen, Bangladesh, Nigeria, Sudan, Djibouti, and Somalia. Representatives from 41 countries...