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"We Can't Move Forward": Brookfield-Backed Compass Abandons Virginia Data Center Project
"We Can't Move Forward": Brookfield-Backed Compass Abandons Virginia Data Center Project
Compass Datacenters is abandoning a massive data center project in Northern Virginia after what Bloomberg described as "intense pushback from local residents."
The retreat comes as local opposition to data center buildouts accelerates nationwide, with residents increasingly furious over surging power demand, soaring electricity bills, land-use battles, and transmission lines cutting through neighborhoods and farmland.
We were the first to describe the epicenter of the data center buildout revolt in the Mid-Atlantic area, all the way back in the summer of...
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Apr 20, 2026 / Tyler Durden
Charles Schwab, Citadel Securities Weigh Entering Prediction Markets
Charles Schwab, Citadel Securities Weigh Entering Prediction Markets
Authored by Jesse Coghlan via CoinTelegraph.com,
Traditional finance giants Charles Schwab and Citadel Securities are both considering entering prediction markets, with each separately weighing up how they wish to get involved in the fast-growing sector.
“I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a call on Thursday.
He added that prediction markets weren’t “of tremendous interest” when he recently asked a group of Schwab clients about them, but...
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May 9, 2026 / Tyler Durden
Caught On Tape: California Billionaire Tax Architect Admits Wealth Confiscation Could Go Even Further
Caught On Tape: California Billionaire Tax Architect Admits Wealth Confiscation Could Go Even Further
One of the co-authors of California’s controversial 'one-time' tax on billionaires appeared to suggest that the levy could extend beyond a single imposition.
Marxist economics professor Emmanuel Saez, who hails from France, made the comment during a Tuesday debate against economist Arthur Laffer at the University of California, Berkeley.
“I don’t think it’s going to be a one-time tax. Because you can’t surprise billionaires more than once,” Saez said. "Even then, maybe some of them were expecting something...
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Feb 23, 2026 / Tyler Durden
Iran Strike Debate Erupts: Joint Chiefs Chair Allegedly Resists, Trump Fires Back
Iran Strike Debate Erupts: Joint Chiefs Chair Allegedly Resists, Trump Fires Back
Military generals tend to be much more realistic about the potential negative consequences of going to war, as well as difficulties and challenges, over and against the often more hawkish policy-makers.
Currently, Pentagon generals appear to be belatedly speaking up, as Washington beats the drums of war on Iran. The Walls Street Journal reports Monday, "The Pentagon is raising concerns to President Trump about an extended military campaign against Iran, advising that war plans being considered carry risks including...
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