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More Defense Spending, More Climate Redistribution: The EU Spins A $2.2 Trillion Wealth Transfer Machine
More Defense Spending, More Climate Redistribution: The EU Spins A $2.2 Trillion Wealth Transfer Machine
Submitted By Thomas Kolbe
Negotiations over the European Commission's next seven-year budget are entering their decisive phase. Should Ursula von der Leyen and her allies succeed with their plans, Germany will once again shoulder a substantial financial burden. By now, however, Germans have become accustomed to that reality.
Across the world, public debt levels are approaching dangerous flood marks. The global economy is effectively drowning in debt, with total public liabilities now exceeding 95% of global GDP....
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Aug 13, 2026 / Tyler Durden
India Eyes Two New Sites To Expand Strategic Oil Reserves
India Eyes Two New Sites To Expand Strategic Oil Reserves
By Tsvetana Paraskova of OilPrice.com
State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the world’s third-largest crude oil importer looks to boost its energy security.
ISPRL, a government-owned special purpose vehicle, is finalizing a feasibility study for a facility at Bikaner in the state of Rajasthan in northwestern India and has completed a pre-feasibility study for a cavern in Bina in the central state of Madhya Pradesh, Indian media reported on...
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Jun 1, 2026 / Tyler Durden
Anthropic Confidentially Files For IPO As Frontier AI Labs Race To Go Public
Anthropic Confidentially Files For IPO As Frontier AI Labs Race To Go Public
Four days after releasing its latest Claude Opus 4.8 model and raising $65 billion at a $900 billion valuation, Anthropic confidentially filed a draft Form S-1 with the SEC late Monday morning for a proposed IPO of its common stock.
"This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors," the maker of the Claude chatbot wrote in a press...
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Aug 11, 2026 / Tyler Durden
CNN Panel Melts Down As Democrats Blast GOP Over El-Sayed Ad For Using His Full Name
CNN Panel Melts Down As Democrats Blast GOP Over El-Sayed Ad For Using His Full Name
Following his Michigan Senate primary win, Republicans launched attack ads against Abdul El-Sayed. The ad opens with a narrator branding him "the most radical Senate candidate in America," shows him standing alongside left-wing streamer Hasan Piker - who once said Americans deserved 9/11 - and cuts to El-Sayed declaring himself "pretty damn dangerous." But Democrats and the liberal media are focusing on the fact that the ad uses his full name, "Abdulrahman Mohamed El-Sayed,"...
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