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Credit Card Chargebacks Surge As E-Commerce & Cashless Society Gets Messy For Consumers
Credit Card Chargebacks Surge As E-Commerce & Cashless Society Gets Messy For Consumers
US consumers are disputing card purchases at a record pace, as online fraud, confusing billing practices, and sneaky subscription charges drive a surge in chargebacks.
Bloomberg cites new data from research firm Juniper Research on consumers' aggressive use of chargebacks. Last year alone, US consumers filed 158 million transaction disputes, up 29% from 2021 and outpacing overall growth in card spending. Global disputes jumped 46% over the same period.
The increase may reflect not only more legitimate fraud but...
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Aug 26, 2026 / Tyler Durden
India's Crude Import Bill Surges As Hormuz Shipping Rates Soar
India's Crude Import Bill Surges As Hormuz Shipping Rates Soar
Authored by Tsvetana Paraskova via OilPrice.com,
India's crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormuz voyage to never-before-seen highs.
India has been paying elevated prices to import Middle Eastern crude not only because of the spike in oil prices, but also due to the surging costs to bring supply from the nearest region from which it can import crude.
The...
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Aug 23, 2026 / Tyler Durden
MAGA, The DSA, & The Politics Of No Competition
MAGA, The DSA, & The Politics Of No Competition
Authored by Katherine Gehl via RealClearPolitics,
Despite the narrow loss by Democratic Socialist Francesca Hong in the Wisconsin Democratic gubernatorial primary last week, DSA candidates have prevailed in primaries this year from Maine to California. The Democratic Party establishment believed it dodged a bullet in Wisconsin, but this threat is not going away any time soon.
The roots of the radical left's success were seeded almost a decade ago. In 2017, a writer in a Democratic Socialists of America publication laid out a...
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Mar 3, 2026 / Alastair Crooke
The End to Deceptive Trumpian Diplomacy
Thursday’s diplomatic negotiations (26 Feb) – for all the panglossian noise from mediators and negotiators – confirmed the essential impasse. The US demands presented to Iran were: These demands plainly were formulated to obstruct, rather than facilitate, any diplomatic solution. It reflects a strategy rooted in the viscerally-held presumption of Iranian weakness that, in the […]
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