The Innovation Mirage: Why DeepSeek and Kimi 3 Do Not Settle the Question of Chinese Technological Supremacy

On March 30th, the Selective Service System (SSS) sent the White House its proposed regulations for “automatic” [sic] draft registration for review and approval before they are made public. This is the first visible step in the transition from trying to get young men to sign themselves up for a military draft, to trying to […]

Iranian attacks on US bases across the Middle East have caused far more damage than the Trump administration has publicly acknowledged, and an Iranian fighter jet was able to bomb at least one US base, NBC News reported on Saturday, citing unnamed US officials. The administration has attempted to cover up the damage to US […]

BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise... er, hell.  One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns. BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter...