Two Emirati Ships Sink In Hormuz In Under 24 Hours As IRGC Claims 5-6 Vessels Targeted Nightly

Japanese Bonds Crater After PM Takaichi Prepares To Issue Much More Debt To Pay For Gasoline Subsidies While it may seem like every government these days - not just Emerging but certainly all Developing countries too - has become a banana republic in light of the increasingly more idiotic fiscal and monetary policies adopted to kick the can at least until the next election, nobody is quite as cartoonish as Japan, the place where all modern-day central bank experiments started in the late 1980s. While on one hand the Japanese finance ministry...

El-Sayed Stabs Schumer In The Back, Sends Rare Olive Branch To Trump Michigan Sen.-elect Abdul El-Sayed (D-MI) said Senate Democrats need new leadership, a position that rules out his support for Chuck Schumer (D-NY) to continue as the party's leader in the chamber. El-Sayed named Sen. Chris Van Hollen (D-MD) as the Democrat he would prefer to see run for majority leader. Reports have indicated that Van Hollen is weighing a 2028 presidential campaign. Abdul El-Sayed speaks after winning the state's US Senate race. (AP Photo/Julia Demaree Nikhinson) "I'd love to see...

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...