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Waste Of The Day: SBA Reviewed Loans 20 Years Late

Waste Of The Day: SBA Reviewed Loans 20 Years Late Authored by Jeremy Portnoy via RealClearInvestigations, The Small Business Administration potentially made $11.5 million in improper payments to banks after overruling its own employees who had recommended reducing or denying government guarantees on 16 failed small-business loans. For another 13 failed loans, SBA took so long to review them that the six-year statute of limitations expired, wasting another $5.4 million, according to an Aug. 27 inspector general report. Key facts: SBA's 7(a) program helps startups with a risky business model get loans, but...
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Sep 11, 2026 / Tyler Durden
Dies-aster: California Diesel Nears $10 A Gallon As Global Fuel Crisis Deepens
Dies-aster: California Diesel Nears $10 A Gallon As Global Fuel Crisis Deepens New AAA data show US diesel prices reached a record $6.05 a gallon, signaling severe tightening in global refined-fuel markets. The squeeze reflects converging pressures: damage to Russian refinery capacity and diesel export halts linked to the Russia-Ukraine war, ongoing disruption at Hormuz, expanding threats to Red Sea shipping, and renewed Chinese buying. Together, these developments threaten both fuel availability and the shipping routes needed to deliver supplies, with conditions appearing to worsen ahead of the Northern Hemisphere winter. Patrick...
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Aug 12, 2026 / Tyler Durden
Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts
Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit, OilPrice reported. The latest forecast is considerably worse than the 3.7-million-bpd decline the agency projected just last month and would leave global supply at 102.02 million bpd, its lowest forecast for 2026 yet. Supply is now expected to fall 1.27 million bpd short...
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Jun 2, 2026 / Tyler Durden
Facebook Is Accused Of Fostering Ethnic Enclaves At Headquarters
Facebook Is Accused Of Fostering Ethnic Enclaves At Headquarters Authored by Jose Nino via Headline USA, Tech advocacy group blames visa programs for enabling corporate tribalism. A terminated software engineer is accusing Facebook parent company Meta of allowing Chinese migrants to take over entire departments while American employees face systematic exclusion and layoffs, Neil Munro of Breitbart News reported. Jeremy Bernier, who graduated from Virginia Tech in 2012, lost his software engineering job at the company and has gone public with allegations of widespread discrimination. "At Meta, 90% of my coworkers were Chinese,...
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