Poland Moves To Tax Fuel Windfalls Earned During Iran War

Waste Of The Day: Education Fraud Sweeps Nation Authored by Jeremy Portnoy via RealClearInvestigations, Topline: Since 2019, school districts across 24 states and Puerto Rico have lost $225 million to fraud confirmed by the U.S. Department of Education inspector general's semiannual report to Congress. No more than $67 million has been recovered. Key facts: Open the Books and the State Financial Officers Foundation documented 74 instances of confirmed school fraud, averaging over $3 million each. There are far more that have gone unprosecuted or undetected. Florida and Illinois schools each had the most...

Medicore 30Y Auction Has First Tail Since November After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction. The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November. The bid to cover was 2.385,...

Canada Taunts Beijing With Frigate's Taiwan Strait Transit Despite Carney's China Reset Just days before a high-stakes meeting of Canadian officials with Chinese Foreign Minister Wang Yi in Ottawa, a Canadian frigate defied Beijing’s explicit warnings and sailed directly through the Taiwan Strait.   The Halifax-class frigate HMCS Charlottetown pulled off the transit in a rare solo run, without American or other accompanying vessels, bypassing the usual joint patrols with allied nations. via Royal Canadian Navy According to a delayed statement from Canada's Department of National Defense spokesperson Andrée-Anne Poulin: "On May 22,...