Who's Winning China's Sportswear Battle? UBS Say It's Not Nike

Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier Continuing a trend of increasingly dismal projections, Social Security's trustees have revised their prediction of when the massive benefit program's trust fund will run out of money, moving it to the fourth quarter of 2032, sooner than last year's projection that the money will run out in 2033. They attributed most of the the change to declining fertility rates and immigration, along with tax reductions included in Trump's 2025 One Big Beautiful Bill Act (OBBBA).  When the trust fund runs...

Another Tanker Struck In Strait Of Hormuz As Iran's President Heads To NY Just as the Iranian delegation of President Masoud Pezeshkian is set to fly to New York City for this week's UN General Assembly, where it's expected that the Iranians could be engaged in some sideline diplomacy with the White House, another tanker incident has unfolded off in the Persian Gulf area. The UK Maritime Trade Operations (UKMTO) agency is reporting Monday that an oil tanker has been "struck by an unknown projectile" while on an inbound transit route...

US, Philippines Launch Their 'Biggest Ever' Balikatan Drills With Large Japanese Contingent Authored by Dave DeCamp via AntiWar.com, The US and the Philippines on Monday launched what’s being billed as the "biggest ever" Balikatan Exercise, an annual military drill that, for the first time, includes a significant contingent of Japanese troops as Tokyo increases its military activity in the region, ramping up tensions with China. The drills are scheduled to take place from April 20 to May 8 and will involve more than 17,000 troops, including about 1,400 Japanese military personnel. US Army photo Importantly, exercises...