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Green Steel: ArcelorMittal Finally Pulls The Plug
Green Steel: ArcelorMittal Finally Pulls The Plug
Submitted by Thomas Kolbe
In the end, economic reality prevails. Green steel has no future in Germany, regardless of how much funding may continue to flow through the channels of the green subsidy machine: At Germany’s overregulated, energy-policy-driven and increasingly sidelined industrial location, industrial production is becoming less and less profitable.
That ArcelorMittal, one of the green economy’s poster boys, threw in the towel at the end of the week and announced that it would end steel production at its Duisburg site is the latest...
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May 12, 2026 / Tyler Durden
UAE Secretly Carried Out Attacks On Iran, Making It An Active Combatant
UAE Secretly Carried Out Attacks On Iran, Making It An Active Combatant
The United Arab Emirates (UAE) has become an active combatant in the Iran war, according to fresh reporting in The Wall Street Journal.
Last week saw the US-Iran ceasefire briefly break down, during which time the US struck some Iranian coastal sites and the Iranians sent drones and missiles on several Gulf states once again. Iran also reportedly tried to attack three American warships carrying out Trump's 'Project Freedom' operations.
But even before this, during the intense missile exchanges of...
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Apr 6, 2026 / Tyler Durden
The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
Authored by Nick Giambruno via Doug Casey's International Man,
“Whenever governments are granted power to purchase their own debt, they never fail to do so, eventually destroying the value of the currency.” – Ron Paul
Let’s take a step back and look at the big picture so we can assess the US government’s financial situation, where it’s likely headed, and what these trends could mean.
Observation #1: It’s Politically Impossible To Cut Spending
Among the biggest expenditures for the...
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Jun 22, 2026 / Tyler Durden
Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands
Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands
Authored by Maria Mocerino via Interesting Engineering,
The largest Roman bathhouse complex ever discovered in the Netherlands has surfaced, shedding new light on the wealth and importance of the ancient Roman city of Ulpia Noviomagus.
Roman bathhouse complex.Nijmegen
Researchers from the archaeological firms RAAP and BAAC were conducting routine investigations in Nijmegen's Waalfront district, a site slated for new residential development. The excavation, which began in September of last year and will conclude in July, uncovered a public bathhouse, residential blocks, luxury townhouses, streets,...
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