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White House Planning to Reactivate Civil War-Era Court to Accelerate Theft of Iranian Oil

The US Justice Department is preparing to reactivate prize courts to “adjudicate the disposition of [Iranian] captured vessels and cargo.” Bloomberg reported speaking with an attorney working with the Justice Department on reviving the court. “Our national security interests may require the United States military to seize vessels or cargo supporting the enemy during military […]
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Jul 16, 2026 / Tyler Durden
Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly
Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly While headline spend at gas stations is expected to decline (due to tumbling pump prices), BofA's almost omniscient analysts forecast a stronger than consensus print for today's US Retail Sales data. After a big jump in May (revised up), June's Headline retail sales rose 0.2% MoM (as expected), with sales up 6.7% YoY (down modestly)... Gasoline Stations sales saw the biggest decline (along with small drops in Health Personal Care and Food and Beverage). Nonstore Retailers saw the...
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Jul 11, 2026 / Tyler Durden
Without Subsidies, Is AI Unaffordable?
Without Subsidies, Is AI Unaffordable? Authored by Charles Hugh Smith via OfTwoMinds blog, Let's pull all this into an undeniable conclusion: AI is based on massively subsidizing users' costs. What's already abundantly clear but verboten to say as it would pop the bubble of AI valuations and triumphalism is that AI is unaffordable once the direct and indirect subsidies are withdrawn. Nothing that consumes this much electricity and requires such an immense scale of costly processing and memory capacity can be low-cost, never mind free. The major AI platforms and vendors are subsidizing corporate...
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Apr 30, 2026 / Tyler Durden
In Major Victory For Gun Owners, ATF Unleashes 34-Rule Reform Package - Brace Rule Dead
In Major Victory For Gun Owners, ATF Unleashes 34-Rule Reform Package - Brace Rule Dead In what can only be described as one of the biggest single-day victories for the Second Amendment in decades, the DOJ and Bureau of Alcohol, Tobacco, Firearms and Explosives dropped a bombshell yesterday: a landmark package of 34 regulatory actions designed to slash red tape, repeal overreaches, modernize outdated rules, and refocus the agency on actual criminals instead of law-abiding Americans. The announcement, made by Acting Attorney General Todd Blanche and newly confirmed ATF Director Robert...
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