US Blocks Regular $500 Million Cash Pallets Flown To Iraq, Over Pro-Iran Militias

Despite German State Stimulus: Machinery Industry Braces For A Catastrophic Year Submitted by Thomas Kolbe Friedrich Merz does not make it easy to interpret current economic data correctly. The debt king from Brilon is not only distorting the statistics with his “special (debt) assets”: More than 320 billion euros in direct and indirect state subsidies are flowing, according to Freiburg economist Lars Feld, through subsidy channels that are penetrating ever deeper into the German economy. Artificial economies are emerging there, economic homunculi that will remain permanently dependent on the taxpayer. What Is...

Venezuelan Housing Projects Collapsed "Like Sandcastles" As Twin Quakes Expose Socialist Rot Spanish daily newspaper ABC.es reports that some of the worst quake damage in Venezuela is concentrated in Caraballeda and Catia La Mar, where high-rise towers built under the Great Housing Mission Venezuela, or Gran Misión Vivienda Venezuela (GMVV), were reduced to rubble. The Chávez-era socialist housing program is now facing scrutiny after the outlet noted, "The explanation given by engineers and construction specialists is that low-quality materials were used in the Chavista Housing Mission, without supervision and without applying...

GameStop CEO Prepares Takeover Bid For eBay Three months ago, billionaire Ryan Cohen, the CEO of GameStop, told The Wall Street Journal he was eyeing a major acquisition. Fast forward to late last week, and in what appears to be an intentional leak to the same outlet, Cohen's next move may now be coming into focus: preparing an offer to buy eBay. The WSJ cites sources who say that Cohen's GameStop has built a $12 billion position in eBay ahead of a potential offer. Notably, eBay has a market capitalization 3.8...