Useless Without Transmission: DOE Backs $581 Million TVA Grid Expansion

The Lebanon “pilot zones” project finally got underway last week, following substantial delays and multiple rounds of negotiations. The Lebanese Army now says their deployment into those villages, as required by the deal, is being prevented by Israeli violations of the ceasefire. The pilot zones were meant to be symbolic, token pullouts from Israel after […]

Bonds Are Screaming "Something's Wrong" Submitted by QTR's Fringe Finance Bond yields are doing exactly what I warned about yesterday: forcing reality back into a market that had become increasingly detached from it. Heading into Friday’s cash open, U.S. equity futures are under pressure, with S&P 500 futures down roughly 1% and Nasdaq futures off even more sharply as global bond markets sold off overnight. CNBC reported that by Friday morning in London, the U.S. 10-year Treasury yield had climbed nearly 9 basis points to 4.544%, marking its highest level in almost a year. The...

Death Of Europe's Industrial Base: VW CEO Set To Announce 50,000 Job Cuts Europe's industrial demise has become impossible to ignore. The continent's automotive manufacturing base is being hollowed out by high energy costs, regulatory pressure, and a flood of cheap Chinese electric vehicles, with Germany, once Europe's industrial powerhouse, emerging as the epicenter of this terrible decline. Germany's largest manufacturer by revenue is Volkswagen Group, whose CEO, Oliver Blume, is warning employees that the coming weeks will be critical as Europe's largest automaker prepares to detail the most extensive restructuring...