Multicultural French Crowds Brawl Over Discount Air Conditioners As Heatwave Looms

Iraq has shut down some oil wells. As have Kuwait, Qatar, Bahrain, the Emirates and Saudi Arabia. Qatar has also shut down is gas wells and the process ‘trains’ needed to liquefy natural gas. All this because of the virtual closure of the Strait of Hormuz and because of potential missile and drone attacks on the fragile […]

Democrat-Led States Sue Trump Administration Over Medicaid Work Requirement Rules Via American Greatness, A coalition of 25 Democrat-led states and the District of Columbia filed a lawsuit Monday challenging the Trump administration’s rules implementing new Medicaid work requirements. The suit claims the work regulations unlawfully restrict exemptions for medically vulnerable recipients. The lawsuit, filed in federal court in Massachusetts, seeks to overturn the administration’s rule governing eligibility exemptions tied to the work requirements. The states contend the rule conflicts with congressional intent by making it more difficult for individuals with illnesses to qualify for exemptions. According...

Sternlicht's Starwood Real Estate Fund Gates Redemptions Earlier this month, when much of the attention was largely focused on private credit, we warned that one of the old, familiar credit market time-bombs, commercial real estate which for many years had been penned as the "Next Big Short", was deteriorating rapidly: according to the latest TREPP CMBS monthly report, March saw a surge in the CMBS delinquency rate, which jumped by 41bps to 7.55%, the highest in years, led by a surge in the lodging rate, a category which until now was...