Hobbes’s State: “Why Are You Hitting Yourself?”

Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead A localized commercial real estate crash has been spreading through downtown Baltimore City's office market like cancer, with more than $1 billion in property value erased since 2020. The rapid decline of the commercial tax base in the downtown area is colliding with deep structural crises, including violent crime, a continued population collapse (now at a 100-year low), fiscal mess, and the increasing risk that the unhinged left-wing politicians in City Hall will hike taxes on working poor households to offset...

Iran-Linked Hackers Breach FBI Director Kash Patel's Personal Email Account, DOJ Confirms Iran-linked hackers have claimed responsibility for breaching the personal email account of FBI Director Kash Patel, publicly releasing photographs of him, a purported resume, and excerpts of old emails. A U.S. Justice Department official has confirmed the compromise, marking the latest escalation in cyber tensions between the United States and Iran. The hacking group, known as the Handala Hack Team, announced the breach on its website and Telegram channel on Friday. The group posted images of a younger Patel...

Trump Set To Suspend Jones Act To Help Tame Oil Prices One day after the Trump administration flip-flopped on using the Strategic Petroleum Reserve (SPR) - eventually deciding to release 172 million barrels to try and counter the rising price of oil, they're now planning to issue temporary waivers for a century-old maritime law, the Jones Act, that requires American-built ships to be used to transport goods between US ports, in yet another attempt to control crude.  Under the plan, 30-day waivers would be issued that would allow foreign tankers to help supply refiners on...