The Constitution Can’t Protect You If You Don’t Protect It

EU Emissions Trading Expansion And The Pressure On German Aviation Industry Submitted by Thomas Kolbe Germany’s leading airline Lufthansa is closing its regional subsidiary CityLine, while low-cost carrier Ryanair is scaling back its Germany operations. Airport locations are under increasing pressure, with tens of thousands of jobs at stake. And how does politics respond to this veritable crisis? Naturally, with further levies. In this case, it was the EU Commission that came forward with the proposal to extend the EU Emissions Trading System (ETS) to international flights departing from Europe. Another new...

Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge in redemption requests across the biggest (and certainly smallest) names in the industry, last week we said that debt funds managed by powerhouse firms including...

Shooters And Motives Revealed In San Diego Mosque Shooting That Killed Three The two young alleged gunmen who descended upon a San Diego Islamic facility on Monday -- killing three men and themselves -- have been identified, along with early indications of their motives. Police sources have told multiple outlets that 17-year-old Cain Clark and 18-year-old Caleb Velasquez -- driven by hate -- scrawled racist themes on their weapons and carried a gas can emblazoned with a Nazi SS sticker. One of them left a suicide note emphasizing "racial pride."  While school-wrestler...