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Bloomberg: Iran Destroyed Nearly $1 Billion Worth of US MQ-9 Reaper Drones

Bloomberg reported on Thursday that during the US-Israeli bombing campaign against Iran that began on February 28, Iranian forces destroyed more than two dozen US MQ-9 Reaper drones, or nearly $1 billion worth of the unmanned aircraft. The number represents about 20% of the Pentagon’s MQ-9 inventory. The drones have been used for nearly two […]
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Apr 6, 2026 / Tyler Durden
Prices Jump, Employment Dumps As US ISM Services Disappoints In March
Prices Jump, Employment Dumps As US ISM Services Disappoints In March The last six months or so has seen S&P Global's and ISM's Services PMI surveys diverge dramatically (former at three year lows, latter near four year highs). But, following S&P Global's Services PMI plunge into contraction in March, ISM's Services PMI actually 'agreed' and fell also (but only modestly) from 56.1 to 54.0 (still in expansion but worse than the expected 54.9)... Source: Bloomberg Under the hood it was a very mixed bag with a surge in New Orders (highest since Feb...
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Jun 8, 2026 / Tyler Durden
"Replacing Lower Value Human Capital": Banks Cut Staff As Recent Grads Face Off Against AI For Jobs
"Replacing Lower Value Human Capital": Banks Cut Staff As Recent Grads Face Off Against AI For Jobs As AI reshapes banking, students entering the industry are confronting a double challenge: navigating AI-driven hiring processes today while wondering how many traditional finance jobs will remain tomorrow, according to Bloomberg. Warwick University student Andre Bonnick, for example, spends hours preparing for automated screening interviews rather than conversations with human recruiters. While he hopes to secure a role in finance, he is also weighing options such as further study as entry-level opportunities become more...
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Apr 30, 2026 / Gustave de Molinari
The Monopolization and Collectivization of the Security Industry
Molinari describes how coercive control over defense led to the familiar abuses of taxation, war, and the suppression of individual liberty.
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