"Flying Beer Cooler": Pentagon's Next Kamikaze Drone Ushers In Era Of Cheap Mass-Produced Airpower

Blackstone's Private Credit Fund Joins Peers In Gating Investors After Surge In Redemptions The private credit gates are shutting all over again. After virtually every marquee private credit fund limited withdrawals after being flooded with redemptions requests in Q1, we are seeing more of the same as the second quarter rolls out. And two days after Cliffwater LLC capped redemptions at 5% after investors requested 17% to be returned, a jump from the 14.0% in Q1 (which was also gated at the 5%) limit, this morning Bloomberg reports that Blackstone has also limited...

President Trump has said he’s undecided on moving forward with a massive $14 billion package of arms deals for Taiwan following his visit to Beijing and talks with Chinese President Xi Jinping. “I’ll make a determination over the next fairly short period. I’m gonna make a determination,” Trump told reporters on Air Force One as […]

Why Military Bases Should Never Have Been Gun-Free Zones Authored by John R. Lott Jr. via RealClearPolitics, It may sound hard to believe, but except for a very limited group of personnel, the military has treated its bases as gun-free zones. Until Thursday, only designated security forces – such as military police – could carry firearms while on duty. Commanders punished any other soldier caught carrying a weapon severely, with penalties ranging from rank reduction and forfeiture of pay to court-martial, dishonorable discharge, criminal conviction, and even imprisonment. That changed with a...