Democrats Are Fighting A Civil War, And Bernie Sanders Started It

Foggy, Foggy War By Michael Every of Rabobank With US stocks up, the Nasdaq with its longest winning streak since 2021, and screen oil down for a second day in a row, markets continue to price the starkly binary physical outcomes smack in front of us on the side that’s full of stardust. The IMF just warned of a potential world recession ahead if Hormuz stays shut. Its latest three global growth scenarios are ‘weaker’, ‘worse’ and ‘severe’ - “because markets”, and politics, the Fund chose the most benign as its base...

European Wildfires, Net-Zero Stagnation, & The Great Industry Displacement Authored by Daniel Lacalle, Europe’s wildfire crisis has also exposed the failure of public spending rhetoric unsupported by effective land and forest management. EU governments spent 40.6 billion euros on fire protection services in 2023. In 2022, the total expenditure stood at EUR 37.4 billion. The European Court of Auditors discovered that spending oversight was incomplete, result monitoring was weak, and there was no assurance that the most impactful actions received financing. At the same time, the average annual burnt area in...