America’s Representative

"Strain Is Spreading": FT Exposes Private Credit Distress At Decade Highs Since last fall, we have repeatedly flagged the private credit sector’s growing vulnerabilities. Earlier coverage detailed how the asset class ballooned into a $2-3 trillion opaque market after banks retreated from riskier lending, only to face a wave of high-profile defaults (First Brands, Tricolor), surging redemptions that forced gates at major vehicles, rising PIK usage, and AI-related risks to software-heavy portfolios. In February, the red flag got about as red as it gets... Private Credit Rocked By UBS Shock Outlook: Record "Cascading...

Nancy Pelosi Institute To Launch At UC Berkeley After Former Speaker Leaves Congress Authored by AG News Staff via American Greatness, Former House Speaker Nancy Pelosi will lend her name to a new institute at the University of California, Berkeley after retiring from Congress, with the university announcing it has already raised $35 million toward a $50 million fundraising goal. The Nancy Pelosi Institute for Representative Democracy is scheduled to open in January 2027, when Pelosi is expected to leave Congress. According to the university, the institute will serve as a center for...

US Bombing Campaign Effectiveness In Doubt As Iranians Rebuild At Rapid Pace Neocon war hawks thought that Iran's defense capabilities could be obliterated through shock and awe style heavy bombing raids, such as during the opening days and weeks of Operation Epic Fury, but just like pretty much every other assumption about how things would go in the little Iran "excursion" - they are once again proven wrong. Several fresh reports from both American and Israeli sources say that Iran is rebuilding damaged and destroyed facilities at much faster-than-expected pace. This...