“Creating a Nation”: The Declaration of Independence and the Nation Anachronism

BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise... er, hell.  One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns. BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter...

Hezbollah historically has fit in an unusual position in Lebanese politics, being a substantial Shi’ite political party as well as a substantial Shi’ite militia that was centered on resisting Israeli military intervention on Lebanese territory. Those statuses are coming into focus again as Israel ramps up its latest war against Lebanon. Lebanese Prime Minister Nawaf […]

Iran Says It Busted Up Over 100 'Pro-Monarchist Cells' Working With US, Israel Iranian authorities have newly announced hundreds more arrests across the country, describing that anti-government "pro-monarchy cells" and "traitors" have been exposed and caught.  Tehran officials have touted busting up more than 100 of these alleged cells in 26 of Iran's 31 provinces in a major overnight security operation, describing that these groups were aligned with US and Israeli interests. Security forces from the Intelligence Ministry "have identified and arrested 111 monarchist cells across 26 provinces before they could take action...