Have We Really Learnt The Lessons Of The GFC?

Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead A localized commercial real estate crash has been spreading through downtown Baltimore City's office market like cancer, with more than $1 billion in property value erased since 2020. The rapid decline of the commercial tax base in the downtown area is colliding with deep structural crises, including violent crime, a continued population collapse (now at a 100-year low), fiscal mess, and the increasing risk that the unhinged left-wing politicians in City Hall will hike taxes on working poor households to offset...

Trump's Venezuela Oil Push Hits A Roadblock Venezuela's long-awaited oil revival has been slower than many in Washington anticipated., according to the Wall Street Journal. Seven months after Nicolás Maduro's removal, negotiations between the interim government and major U.S. energy companies remain bogged down, with no landmark investment deals despite the country's vast crude reserves. Rather than rushing back into the country, firms such as ExxonMobil and Chevron are taking a cautious approach. Executives remain wary of Venezuela's history of nationalizing foreign assets, unresolved compensation disputes dating back to the Chávez era,...

The head of the Iranian negotiating team says Tehran will not engage with Washington in peace talks until the US abides by its commitments under the Memorandum of Understanding (MOU). Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that current negotiations are focused on implementing the MOU, and not a peace deal to bring the war […]