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Closed Borders Killing Western Union, Earnings Call Transcripts Reveal
Closed Borders Killing Western Union, Earnings Call Transcripts Reveal
Western Union CFO Matt Cagwin quietly acknowledged in yesterday’s earnings call that fewer border crossings under the Trump admin are chipping away at the remittance behemoth’s profits:
“New migration is the lifeline of our retail business. With borders closed, it is difficult to offset natural attrition… as consumers return home to their native countries,” Cagwin said.
WU has long been the dominant vampire skimming absurd fees off international remittances while providing no technological convenience that Venmo hasn’t already surpassed. It’s instead maintained its...
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Jul 2, 2026 / Tyler Durden
Canada Was A Liberal Paradise... Until The Liberals Took Over
Canada Was A Liberal Paradise... Until The Liberals Took Over
Authored by Mark Jeftovic via BombThrower.com,
There was a version of this country that worked.
This was a country that used to punch above its weight across all key metrics and in a large part, did so espousing classical liberal values.
Multiculturalism here was both uncontroversial and functional. People came from everywhere, integrated, and got on with building lives, businesses and contributing to that overall ethos Canadian culture.
Minority rights and gender equality stopped being fights and became defaults.
Ontario, the most populous province, ran...
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Apr 22, 2026 / Tyler Durden
Trump's "Sock Puppet"
Trump's "Sock Puppet"
By Philip Marey of Rabobank
Summary
The confirmation hearing of Fed Chair nominee Kevin Warsh by the Senate Banking Committee was a very partisan affair.
In his prepared remarks, Warsh stressed that monetary policy independence is essential, but he does not believe that the operational independence of monetary policy is particularly threatened when elected officials state their views on interest rates. Warsh thinks the Fed must stay in its lane and avoid straying into fiscal and social policies.
Warsh was walking a tightrope between convincing the Senate Banking Committee that he...
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Apr 30, 2026 / Gustave de Molinari
The Alternatives
Molinari frames this choice as the central political question that determines whether a society will be free or oppressed.
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