The Real Grid Crisis Is A State Policy Problem Dressed Up As A Market Failure

The UK Maritime Trade Operations (UKMTO) said on Wednesday that three ships had been struck by projectiles in the Strait of Hormuz a day earlier, as Iran’s Islamic Revolutionary Guard Corps (IRGC) suggested it has been continuing daily attacks on vessels in the strategic waterway. Hossein Mohebbi, a spokesman for the IRGC, said the US […]

SDNY Prosecutors Looking At Valuation Discrepancies In Private Credit Market In a move that is long overdue, Jay Clayton, the US attorney for the Southern District of New York, said his office is looking at possible valuation discrepancies in the private credit marketplace.  Wall Street’s top prosecutor addressed the issue Wednesday while speaking at the Bloomberg Global Credit Forum in New York. Clayton said the difference between the price at which assets are marked on one balance sheet versus others was at the heart of blowups at First Brands Group, Tricolor Holdings and...

The Riots Never Came: Has The Protest Machine Stalled, Or Is It Regrouping Summer has ended without riots. In Part One, we examined whether Treasury Secretary Scott Bessent's crackdown on NGOs was having an effect. We now revisit that question, examining the far-left groups and subversion networks involved in mounting a revolution against the U.S. The National Network on Cuba released a "National Rapid Response Plan" that called for nationwide actions against U.S. bases, ICE, and other federal facilities. Nothing happened. Black Alliance for Peace published an interactive map of U.S....