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Death Of Europe's Industrial Base: VW CEO Set To Announce 50,000 Job Cuts
Death Of Europe's Industrial Base: VW CEO Set To Announce 50,000 Job Cuts
Europe's industrial demise has become impossible to ignore. The continent's automotive manufacturing base is being hollowed out by high energy costs, regulatory pressure, and a flood of cheap Chinese electric vehicles, with Germany, once Europe's industrial powerhouse, emerging as the epicenter of this terrible decline.
Germany's largest manufacturer by revenue is Volkswagen Group, whose CEO, Oliver Blume, is warning employees that the coming weeks will be critical as Europe's largest automaker prepares to detail the most extensive restructuring...
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May 5, 2026 / Tyler Durden
US New Home Sales Soar For 2nd Straight Month As Prices Plunged In March
US New Home Sales Soar For 2nd Straight Month As Prices Plunged In March
After collapsing in January (-17.6% MoM - worst since July 2013 amid weather disruptions), US New Home Sales have risen strongly for two straight months - up 8.9% MoM in February and up 7.4% MoM in March...
Source: Bloomberg
This lifted new home sales by 3.3% YoY, but the total SAAR remains below Dec 2025 levels...
Source: Bloomberg
New home sales have really gone nowhere in three years.
Median new home prices plunged in March from $407k to $387.4k - its...
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Jun 21, 2026 / Dave DeCamp
US Announces a Series of Airstrikes in Somalia
US Africa Command announced that its forces launched a series of airstrikes in Somalia in recent days as the Trump administration continues a heavy bombing campaign in the country, which receives virtually no US media coverage. AFRICOM announced new airstrikes that it said were launched against al-Shabaab in different parts of southern Somalia on June […]
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Jul 2, 2026 / Tyler Durden
US Fentanyl Crisis Eases But Remains Dominant
US Fentanyl Crisis Eases But Remains Dominant
According to the latest provisional data from the Centers for Disease Control and Prevention (CDC), U.S. drug overdose deaths have come down from the peaks of the past years while remaining at high levels.
Recent figures suggest a notable decline to around 70,000 annual fatalities in 2025, following a peak of nearly 110,000 in 2023.
Still, synthetic opioids, primarily fentanyl, continue to be the main driver of overdose mortality, involved in more than half of the U.S. cases and underscoring the scale and persistence of the...
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