Kremlin Skeptical That US-Iran Peace Can Be Achieved: 'Rash'

The Unsustainable $40 Trillion National Debt Authored by Jeffrey A. Tucker via The Epoch Times, The national debt has now passed $40 trillion. It stands at 120 percent of GDP. That should alarm us and probably does but let's just be honest: no one can conceive of such figures. They are just floating zeros and no one has any sense of whether and to what extent this portends economic doom for us. Maybe it does or maybe it doesn't. An electronic display shows the national debt in Washington, D.C., on Aug. 19,...

Yemen’s Ansar Allah, also known as the Houthis, launched significant strikes on Thursday targeting Saudi-backed forces inside Yemen. Yahya Saree, spokesman for the Ansar Allah-led Yemeni Armed Forces, said that drone attacks targeted “Saudi enemy gatherings and vehicles on several fronts” but didn’t specify exactly where the operations were carried out. Saudi media reported that […]

The Commercial Real Estate Crash Is Moving From Paper Losses To Realized Losses The great commercial real estate waiting game may finally be running out of time, according to Bloomberg. For years after Covid fundamentally changed how Americans use office space, lenders and property owners managed to postpone much of the financial damage. Loans were modified, maturities were pushed out and buildings were given more time to recover. The basic assumption was that eventually interest rates would come down, employees would spend more time downtown and refinancing markets would reopen. Instead, many...