"Sea Of Red": Futures Slide As Market Wakes Up To Soaring Bond Yields And Diesel Prices

Waste Of The Day: Millionaire Mortgages Authored by Jeremy Portnoy via RealClearInvestigations, The Department of Agriculture's Section 502 loan programs help low-income families buy homes with mortgages that don't require a down payment. But in 2013, an investigation by Reuters found dozens of millionaires took advantage to purchase vacation and rental homes. Though the millionaires later repaid their loans, the program as a whole covered $500 million in losses from defaults in 2013, or $715 million in today's money. That's according to the "Wastebook" reporting published by the late U.S. Senator Dr. Tom...

Spain-Style Blackout Risk Rises As ERCOT Flags Boston-Sized Data Center Loads Tripping Offline The Electric Reliability Council of Texas (ERCOT) gave the market another concrete reason to stop pretending the grid can absorb unlimited hyperscale load growth on top of an already strained generation mix.  In a May 21st report, ERCOT disclosed that multiple clusters of proposed data centers and crypto facilities failed voltage ride-through testing. When subjected to simulated routine voltage disturbances, such as the kind caused by transmission faults, capacitor switching, or equipment issues, four groups of these large...

US Sanctions UK-Based Senior Muslim Brotherhood Leader Over Alleged Hamas Support The United States has sanctioned a senior UK-based Egyptian Muslim Brotherhood (MB) official alongside six other individuals and entities that it said provided material support to terrorist group Hamas. State Department spokesperson Tommy Pigott said on July 23 that the action exposes MB affiliates and “Hamas-directed front organizations that use charitable facades and underground networks to disguise and move funds in support of terrorism.” As Evgenia Filimianova reports via The Epoch Times, the Department of the Treasury’s Office of Foreign Assets Control...