Israel Continues Operations in Southwest Syria, Detains Local

US Debt Matters, But The Euro Area May Create The Next Crisis Authored by Daniel Lacalle via dlacalle.com, The US $40 trillion debt has dominated global headlines. However, although the US fiscal challenges are relevant, we must remember an important lesson. Fiscal policy is not about who wins but who loses first. According to official 2026 estimates, the present value of U.S. Social Security and Medicare financing gaps is about $95 trillion over 75 years, roughly 5% of the cumulative present value of projected GDP over that period, on top of federal...

Pentagon Weighing Permanent Smaller US Presence In Gulf (Just Don't Call It Retreat) Already US officials have signaled they may just abandon hard-hit bases in the Middle East altogether, in the wake of Iran's retaliation as a result of Operation Epic Fury, and a conflict that's dragged on for nearly six months. On Tuesday The Washington Post reviews the damage control underway, as the Pentagon 'evaluates' its future military footprint. All of this is framed as if Washington has a choice and full control over the matter, when it seems that...