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Spirit Airlines Prepares To Shutter Operations As Trump Rescue Deal Falls Apart

Spirit Airlines Prepares To Shutter Operations As Trump Rescue Deal Falls Apart The Wall Street Journal reports that bankrupt Spirit Airlines is preparing to wind down operations after failing to secure a $500 million lifeline from the Trump administration. WSJ reports: The ailing budget airline had been hoping to finalize a $500 million lifeline from the government before running out of cash. The discount carrier hasn't been able to get sufficient support between certain bondholders and the government to secure the funding to keep it in business, people familiar with the matter...
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Jul 3, 2026 / Tyler Durden
First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires"
First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires" Rep. Ro Khanna (D-CA) - fresh off endorsing California's November ballot measure to seize 5% of billionaire wealth - published a Substack essay Wednesday titled, no really, "Why I Support a Billionaire Wealth Tax." He makes it roughly a dozen paragraphs before explaining that it isn't one. "The tax should not stop at billionaires, it must reach centimillionaires," Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a...
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Mar 23, 2026 / Dave DeCamp
Trump Backs Off on Threat To Bomb Iran’s Power Plants
President Trump has backed off on his threat to bomb Iran’s power plants if the Strait of Hormuz wasn’t “fully opened” by Monday night and claimed that Washington and Tehran had held talks over the past two days, which has been denied by Iranian officials. “I AM PLEASED TO REPORT THAT THE UNITED STATES OF […]
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Sep 1, 2026 / Tyler Durden
Hydrogen: Energy's Version Of Waiting For Godot
Hydrogen: Energy's Version Of Waiting For Godot Authored by James Varney via RealClearInvestigations, Elon Musk may consider hydrogen "mind-bogglingly stupid" as a power source for cars, but the derision of the world's most successful electric vehicle manufacturer has not stopped Washington from nursing dreams that hydrogen might become a big part of an envisioned clean new energy future. That dream came into focus three years ago at a time when the "climate crisis" dominated Washington's thinking. Praising the role hydrogen could play in a brave new energy world that was "sustainable and...
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