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Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock
Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock
Via The Cradle
Twenty-seven countries have moved to activate emergency World Bank financing mechanisms since the US-Israeli war on Iran began in late February, Reuters reported Friday.
Three nations have already received approval for fast-tracked funding, while the other 24 are in the process of completing administrative procedures.
Kenya and Iraq have publicly confirmed they are seeking emergency World Bank assistance, with Nairobi facing surging domestic fuel prices and Baghdad grappling with severely diminished oil revenues due to disruptions in maritime exports.
Getty...
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May 26, 2026 / Tyler Durden
Brussels Eyes Wealth Taxes As Europe’s Fiscal Crisis Spirals
Brussels Eyes Wealth Taxes As Europe’s Fiscal Crisis Spirals
Submitted by Thomas Kolbe
A fatal fiscal dynamic has become entrenched across the European Union. In nearly every member state, public spending is accelerating at all levels — from municipalities and social insurance systems all the way up to the European Commission — while the private economy at best stagnates and its industrial core sectors visibly erode.
This dangerous economic imbalance, in which a shrinking private sector is forced to finance a continuously expanding state apparatus, is already producing fiscal consequences visible in...
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Jul 21, 2026 / Tyler Durden
Lockheed Unveils Move Towards Cheaper Patriot Missiles As Interceptor Stockpiles Dwindle
Lockheed Unveils Move Towards Cheaper Patriot Missiles As Interceptor Stockpiles Dwindle
With US-Iran tit-for-tat strikes on their ninth day and the Russia-Ukraine war grinding on in Eastern Europe, US inventories of certain air-delivered munitions are being depleted. This has made the rapid procurement of lower-cost missiles and bombs a top priority for the Trump administration.
The Wall Street Journal reports that defense giant Lockheed Martin is planning a low-cost version of the Patriot interceptor missile that will cost less than half as much as the current version.
The PAC-3 Adapted...
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Jun 30, 2026 / Tyler Durden
The Kids Are Not Okay With AI, And They Know It...
The Kids Are Not Okay With AI, And They Know It...
Authored by Kay Rubacek via The Epoch Times,
Eric Schmidt hadn't finished the word "artificial" before the booing started.
A child uses a laptop in a file photo. Alain Jocard/AFP/Getty Images
The former Google CEO stood at the University of Arizona's commencement last month, ready to deliver the kind of speech he had probably given a dozen times before: AI as the next great transformation, graduates as its rightful authors.
He got as far as telling them the technology would "touch every profession,...
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