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Bessent Blames China For Derailing G20 Joint Communique
Bessent Blames China For Derailing G20 Joint Communique
The Group of 20 finance meetings in Asheville, North Carolina, concluded on Tuesday after four days of discussions among finance ministers and central bank chiefs on global trade. The news late Tuesday was that China had derailed the group's efforts to issue a joint communiqué by refusing to endorse specific language targeting trade surpluses and export-dependent economic models.
"The country with the world's largest and unsustainable current account surplus, the People's Republic of China, was the dissenter," Treasury Secretary Scott Bessent told...
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Apr 9, 2026 / Tyler Durden
Texas Pacific Land Crashes After Largest Shareholder Dies
Texas Pacific Land Crashes After Largest Shareholder Dies
Land-and-royalty company Texas Pacific Land Corp. crashed the most since early Covid after the head of its largest shareholder unexpectedly died.
Bloomberg reports that Murray Stahl, CEO of Horizon Kinetics and a TPL board member, died on Thursday, sending shares spiraling lower by 17% in late-afternoon trading.
This marked the largest intraday decline in the stock since early 2020.
Stahl was described as a longtime believer in TPL, one of the largest private landowners in Texas, with most of its acreage concentrated in the...
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Sep 7, 2026 / Dave DeCamp
US, Japan, and South Korea Kick Off Trilateral Military Exercises Denounced by North Korea
The US, Japan, and South Korea on Monday kicked off five days of trilateral military drills for the third consecutive year, exercises that North Korea has denounced as evidence that the US is continuing hostile policies toward Pyongyang despite Washington cutting short earlier US-South Korean war games. The drills, dubbed Freedom Edge, began in 2024 […]
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Oct 1, 2026 / Tyler Durden
Waste Of The Day: IRS Enforcement Delayed
Waste Of The Day: IRS Enforcement Delayed
Authored by Jeremy Portnoy via RealClearInvestigations,
Americans underpaid their taxes by an estimated $696 billion in 2022, according to new data released by the Treasury Inspector General for Tax Administration.
Most of the money came from people and businesses that understated their income. But 9% came from people who didn't file a tax return at all, and efforts to track them down have been slow-moving as the Internal Revenue Services' case log remains backed up.
Key facts: The IRS' backlog of cases increased when its office...
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