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Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating"
Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating"
Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market.
Steel demand in China remains soft amid an ongoing construction slump and weakening mill margins, while supply continues to increase, reinforcing expectations of a growing surplus.
Bloomberg noted earlier that the latest concerns surrounding major physical trader Radiant World added another layer of uncertainty, but the bigger bearish narrative remains centered on lackluster demand failing to absorb rising...
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Sep 6, 2026 / Tyler Durden
Waste Of The Day: $79M To Not Work
Waste Of The Day: $79M To Not Work
Authored by Jeremy Portnoy via RealClearInvestigations,
Contractors working for the State of Illinois took a 470,000-hour paid lunch break on taxpayers' dime.
A company hired during the Covid-19 pandemic to fill staffing shortages at hospitals and long-term care facilities spent more than a third of its time on "standdown," a contract provision that paid them to be on-site and available in case they were needed.
The contractor, Favorite Healthcare Staffing, was supposed to notify the state any time its employees were on standdown for more...
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May 31, 2026 / Tyler Durden
The New Yorker Thinks Patriotism Is "Problematic"
The New Yorker Thinks Patriotism Is "Problematic"
In a meandering essay name dropping every dress-to-impress academic figure from Voltaire to Alexis de Tocqueville to Howard Zinn, The New Yorker has set out on a quest to explain how the progressive left can essentially despise the country they live in the name of social justice, while also adopting the perks of "patriotism" so they can own the Chuds.
The publication throws around some curious stats and asserts that patriotism is on the decline because, as they argue, patriotism today requires people to...
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Feb 20, 2026 / Tyler Durden
London Mayor Khan Under Fire As BBC Exposes Scale Of Grooming Gangs
London Mayor Khan Under Fire As BBC Exposes Scale Of Grooming Gangs
Authored by Thomas Brooke via Remix News,
London Mayor Sadiq Khan is facing renewed criticism after a major BBC investigation found that vulnerable girls as young as 14 are being lured into forced sex by gangs operating across the capital.
The investigation, based on weeks of reporting and interviews with dozens of people, including five survivors of gang-based violence, concluded that exploitation by organised groups is rife in parts of London.
Some victims told the BBC they were raped by multiple men as...
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