America: Land Of The (Not Really) Free

Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund Three weeks ago, when the largest US Private Credit-focused asset manager Blue Owl, was faced with a flood of redemptions due to its outsized exposure to software loans (which are very rapidly being repriced to zero thanks to the disruption from AI), the firm opted against reinstating quarterly redemptions on a retail fund and decided to return investor capital through assets sales instead (effectively also freezing the money in it and gating investors ) announcing a massive...

European Nationalists Rally Around Orbán Following Zelensky's "Outrageous" Remarks Authored by Thomas Brooke via Remix News, Hungarian Foreign Minister Péter Szijjártó has condemned remarks by Ukrainian President Volodymyr Zelensky that Budapest says amounted to a threat against Prime Minister Viktor Orbán. Responding to comments made during a press briefing in Kyiv on Thursday, Szijjártó said the statement was “beyond every limit” and reflected what he described as “the kind of ‘culture’ coming from Kyiv.” “This is the man Brussels admires and the country they want to fast-track into the European Union,” Szijjártó said....

Tehran is once again pointing the finger at “terrorists” for last month’s bloodshed, rejecting outside estimates and doubling down after President Trump just issued his own high estimate. Trump told reporters Friday that 32,000 people were killed in the unrest, declaring that “the people of Iran have lived in hell” under the ruling clerical regime of the Ayatollah. That figure […]