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Zero Sum: Cities Have Little To Show For Big Spending
Zero Sum: Cities Have Little To Show For Big Spending
Authored by Jeremy Portnoy via RealClearInvestigations,
America’s largest cities are increasing their spending at almost unprecedented rates.
A RealClearInvestigations (RCI) analysis of cities with at least 500,000 residents found they cumulatively raised their per-person spending by 18 percent over the last 10 budget cycles, accounting for inflation. The only equivalents on record are the spending surges ignited by the Great Society programs of the 1960s and Franklin D. Roosevelt’s New Deal during the 1930s.
But unlike those past eras, today’s cities do not have...
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Jun 12, 2026 / Tyler Durden
BofA Sees "Runaway Price Risk" In Spot Sulfur As Global Supply Chain Freezes
BofA Sees "Runaway Price Risk" In Spot Sulfur As Global Supply Chain Freezes
Sulfur is a critical industrial input produced as a byproduct of oil refining and natural gas processing. With roughly half of the world's seaborne sulfur trade trapped behind the Hormuz maritime chokepoint, another 15% stuck in Kazakhstan due to export-logistics blockades, and demand destruction still insufficient across global markets, Bank of America analysts warn that spot sulfur prices have further upside potential.
Matthew DeYoe, research analyst at BofA Securities, covering all things ag, materials, and chemicals, wrote in...
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Feb 15, 2026 / Tyler Durden
Moscow Repels Another Large-Scale Ukrainian Drone Attack, Flights Briefly Grounded
Moscow Repels Another Large-Scale Ukrainian Drone Attack, Flights Briefly Grounded
Russian officials are describing a large-scale Ukrainian drone attack targeting the capital of Moscow on Sunday. While not the first time, such aerial assaults so deep in Russian territory have remained somewhat rare.
Moscow Mayor Sergei Sobyanin said Sunday afternoon that Russian air defenses intercepted 13 drones headed for the capital, as regional officials reported a sweeping wave of UAV attacks across western Russia - including hundreds of UAVs in total.
Standard Ukrainian drone, via the General Staff of the Armed Forces of...
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May 26, 2026 / Tyler Durden
Taiwan Defense Chief Contradicts Trump On Enormous Arms Package Moving Forward
Taiwan Defense Chief Contradicts Trump On Enormous Arms Package Moving Forward
Authored by Dave DeCamp via AntiWar.com,
Taiwanese Defense Minister Wellington Koo Li-hsiung said on Monday that he's "cautiously optimistic" that the US will advance a $14 billion arms package for Taiwan after the US Navy secretary said it was on hold due to the war with Iran.
Acting Navy Secretary Hung Cao told Congress last week that the US was "doing a pause" on the massive weapons package to "make sure we have the munitions we need for Epic Fury," the code name for the...
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