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French Rail Giant Alstom Crashes On "Painful" Second Warning

French Rail Giant Alstom Crashes On "Painful" Second Warning Alstom shares crashed in European trading after costly delays on German train orders forced the French train manufacturer and rail-equipment supplier to slash its earnings outlook (again), forecast a 1.5 billion euro cash burn, and signal plans to sell assets to shore up its balance sheet.Alstom's problems center on its Coradia Max regional trains, where engineering issues discovered during production required expensive retrofits. The disruption has spread to other German projects, sparking delays and penalties and pushing the Coradia project's...
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Feb 24, 2026 / Joseph Solis-Mullen
Rothbard and Eminent Domain: Confused History and Legal Sleight of Hand
Governments at all levels abuse their “privilege” of eminent domain, the taking of private property for government use. Murray Rothbard understood that government was not justified to seize property for such use in the first place.
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Nov 1, 2026 / Dave DeCamp
Syria Says It’s Considering Joining the Mecca Defense Pact
Syrian Foreign Minister Asaad al-Shaibani, a former al-Qaeda member, said on Saturday that Damascus was considering joining the Mecca defense pact, the new military alliance between Saudi Arabia, Pakistan, and Turkey. “Discussions are currently underway to evaluate Syria’s entry into the Mecca alliance,” al-Shaibani said at the Manama Dialogue conference in Bahrain. Al-Shaibani’s comments come […]
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Sep 2, 2026 / Tyler Durden
Brazil's Socialist President Sees Lead Evaporating, New Poll Shows
Brazil's Socialist President Sees Lead Evaporating, New Poll Shows Brazilian socialist President Luiz Inácio Lula da Silva's lead over right-wing Sen. Flávio Bolsonaro continues to narrow, according to new polling data released early Wednesday. The latest polling extends the trend we highlighted last week, showing that the narrowing margin between the two candidates has transformed October’s presidential election a coin toss. Lula (Left); Bolsonaro (Right) According to a Quaest poll commissioned by TV Globo, Lula leads Bolsonaro 42% to 41% in a potential runoff. The one-point gap is within the survey’s two-point...
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