When a Society Chooses Freedom in an Unfree World

North Korea Achieves Its First AI-Guided Missiles In Test Overseen By Kim In a development that South Korea, Japan and the United States are likely to find deeply alarming, North Korea launched AI-guided cruise missiles in a test that analysts have described as the first of its kind for the sanctioned country. The launch and test was overseen by Kim Jong-un early this week, and it was presented as part of his new military modernization and preparedness initiative which has been greatly hyped by Pyongyang over the last several years. KCNA/EPA/Shutterstock North Korea's goal...

Private Credit: The New Junk Bond Market Authored by Ed Dowd via Beyond the Narrative, Private Credit: The New Junk Bond Market...Except It Lacks Transparency, Liquidity & Is About To Be Stress Tested History Private credit was born from the ashes of the Great Financial Crisis. In the aftermath of that debacle, regulators moved to limit the risks banks could take. Loans deemed too risky were no longer being originated by commercial banks. To fill that void, non-bank lenders stepped in, creating what is known as private debt or direct lending market. You...

Iran Targets Marine Barracks In Jordan, Sends Drones On Bahrain, After Trump Ordered New Strikes Summary Explosions in Jordan reported amid initial Iranian retaliation, drones on Bahrain. Reports of fresh US strike wave on southern Iran, oil soars Bessent Says Hormuz Will Be "Worthless Piece of Water" In Two Years Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated. Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks. Oil prices surge: Brent crude rose above $92/barrel. Diesel supply squeezed: Refinery disruptions are driving diesel...