DSA Lawmaker Claims Shoplifting For “Biological Need” Shouldn’t Be Illegal A radical Democratic Socialist lawmaker from New York is under fire after declaring that theft driven by “biological need” shouldn’t be treated as a crime, effectively green-lighting shoplifting while slamming big retailers. Emily Gallagher, a New York State Assembly member and part of the Democratic Socialists of America’s New York State Socialists in […]

Why Is This Scumbag Still In America? Authored by Steve Watson via Modernity News, A 26-year-old Ghanaian migrant stalked and attacked women across Oklahoma City over a two-week span in August, getting arrested three times for sexual battery before firefighters witnessed him trying to rape a fourth woman on a public trail and held him for police. Jeff Kufi (Kofi) Asare was booked on a first-degree rape charge with a $75,000 […]

Vaccine-Maker Claims Splitting MMR Shot Could Take Up To 10 Years Authored by Zachary Stieber via The Epoch Times, Splitting the measles, mumps, rubella (MMR) vaccine into separate shots could take up to a decade, according to one of the two companies that produce the vaccine for the U.S. market. A tray of MMR vaccine vials at a clinic in Lubbock, Texas, on March 1, 2025. Jan Sonnenmair/Getty Images “Even under current expedited […]

Pentagon Weighing Permanent Smaller US Presence In Gulf (Just Don’t Call It Retreat) Already US officials have signaled they may just abandon hard-hit bases in the Middle East altogether, in the wake of Iran’s retaliation as a result of Operation Epic Fury, and a conflict that’s dragged on for nearly six months. On Tuesday The Washington Post reviews the damage control underway, as the Pentagon ‘evaluates’ its future military […]

Maryland Court Strikes Down Nation’s First State Tax On Digital Advertising Authored by Matthew Vadum via The Epoch Times, A state tax court in Maryland invalidated the nation’s first state tax on digital advertising and directed state officials to refund tax payments already collected from major tech companies. People pass a building on the Google headquarters campus in Mountain View, Calif., on July 23, 2025. Justin […]

Jefferies Identifies High-Quality Energy And Materials Stocks As Cyclical Rotation Accelerates Jefferies analyst Lloyd Byrne wrote in a note on Monday that surging refined-product margins, stronger gas-fired power demand, and improving earnings estimates are providing clear tailwinds for energy stocks, even as valuations and technicals appear stretched. Byrne showed that the clearest source of strength in the energy market is […]

Iraq-Syria Pipeline To ‘Bypass’ Hormuz Likely To Take Four Years, $15BN To Build Via The Cradle Iraq’s plan to build a pipeline to export oil through Syria and partially bypass the Strait of Hormuz ​will likely take four years to complete and cost $15 billion, Reuters reported on Monday. Iraq urgently seeks new outlets for its oil exports, which have plummeted since Iran closed the Strait of Hormuz in response to the […]

Here’s Where The Nation’s Hottest Housing Markets Are The US housing market’s top 10 hottest ZIP codes this year are all located in the Midwest and Northeast for the fourth consecutive year  – as tight inventories due to limited homebuilding has fueled competition, according to a Monday report from Realtor.com.  A builder works on a commercial property under construction in Peabody, Mass., on Jan. 12, 2015. Peabody is the […]

Federal Judge Halts Move Of FBI Headquarters To Ronald Reagan Building Rather Than Maryland Authored by Matthew Vadum via The Epoch Times, A federal court on Aug. 17 blocked a Trump administration plan to move the proposed new FBI headquarters to the Ronald Reagan Building in Washington instead of a site in nearby Greenbelt, Maryland, that was chosen in 2023. The former United States Agency for International Development building is […]

“Strain Is Spreading”: FT Exposes Private Credit Distress At Decade Highs Since last fall, we have repeatedly flagged the private credit sector’s growing vulnerabilities. Earlier coverage detailed how the asset class ballooned into a $2-3 trillion opaque market after banks retreated from riskier lending, only to face a wave of high-profile defaults (First Brands, Tricolor), surging redemptions that forced gates at major vehicles, […]

Mark Walter Probe Puts Wall Street’s Insurance-Private Credit Machine Under DoJ Scrutiny An ongoing federal investigation into billionaire Mark Walter’s business empire is raising alarm bells about Wall Street’s use of insurance capital to finance private credit and other illiquid investments.  Bloomberg reported that Walter’s TWG Global holding company said in a filing that it will wind down its exposure to affiliated […]

DOJ Seeks Reinstatement Of Criminal Charges Against Kilmar Abrego Garcia Authored by Aldgra Fredly via The Epoch Times, The Department of Justice (DOJ) filed an opening brief on Aug. 17 seeking to reinstate human smuggling charges against Kilmar Abrego Garcia after a district court found the prosecution to be vindictive. U.S. District Judge Waverly Crenshaw Jr. dismissed the charges against Abrego Garcia on May 22, ruling that […]

Moscow Swarmed By 600+ Ukrainian Drones In Massive Overnight Barrage Ukraine has launched another massive overnight drone wave on Russia. While this is nothing new or unusual, the number of drones concentrated specifically on the Moscow region was much larger than prior attacks. Over 600 drones were sent on Moscow and the surrounding region overnight into Tuesday morning, Mayor Sergei Sobyanin said. It ranks among the single […]

NSA Blocked Reports Of China Interference In US Elections From Reaching Trump: Declassified Docs Authored by Travis Gillmore via The Epoch Times, Newly declassified intelligence emails reveal that decisions were made by National Security Agency (NSA) leadership to block reports of Chinese influence in American elections from reaching President Donald Trump. Four pages of emails, all dated March 13, 2020, were released on Aug. 18 […]

The US Is Forcing Others To Take Sides, As Is China By Michael Every of Rabobank The Heat You Feel Isn’t Just The Summer Sun There is a lot of geopolitical heat out there right now; and markets may get burned by it. The 60-day US-Iran Memorandum of Misunderstanding has lapsed, with Trump and Iran both rejecting any extension while claiming control of Hormuz. In our view, the US is unlikely to restart major military action until […]

US Issues Rare Condemnation Of Israeli Strikes On Syrian Airbase: ‘Unnecessary Escalation’ A top regional Trump envoy has said the US is “deeply concerned” after major new Israeli airstrikes on Syria overnight, following months of an absence of such attacks, and in the context of the broader Iran conflict. The Syrian government and US Envoy to Iraq and Syria Tom Barrack said the attacks hit Abu al-Duhur military airfield in Idlib […]

Meta Faces Unprecedented Legal Reckoning Over Youth Mental Health As Massive Multistate Trial Begins Meta Platforms is facing a critical juncture in its battle over youth online safety. Just weeks after suffering a massive legal defeat in New Mexico, the parent company of Facebook and Instagram is now defending itself in a California federal court against a bipartisan coalition of 29 states. The states say Meta deliberately designed […]

Nvidia Confirms It Will Back Massive 4.25GW SoftBank Data Center In Ohio For $105 Billion Nvidia has confirmed reports that it is financially backing SoftBank’s massive data center at the Portsmouth Site in Pike County, Ohio, with up to $105 billion in financing, a securities filing revealed on Monday. The project, led by SB Energy, is set to be fully leased to OpenAI. The facility could grow to 10GW, making it the world’s largest […]

US Pending Home Sales Plunge Back Near Record Lows In July Following another disappointment in existing home sales in July, weak homebuilder sentiment, and plunging housing starts, pending home sales tumbled for the second month in a row in July (-2.3% MoM vs 0.0% exp – below thew worst forecast), dragging sales down 2.5% YoY – the biggest annual drop since April 2025… This decline matches the second-worst reading in data back […]

Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn Home Depot reported stronger-than-expected second-quarter sales and profit as homeowners spent money on smaller do-it-yourself projects, giving the home-improvement retailer enough confidence to reaffirm its full-year outlook. The frozen housing market, combined with elevated borrowing costs, has deterred homeowners from financing larger […]

Trump Drops Map Of Hormuz As “New US Territory” Amid No Talks, Declares Strait “Open & Operating”; UAE Under Missile Alert Summary No talks: Trump confirms US-Iran negotiations are off. Hormuz attack: Tanker hit, injuring a crew member. Houthis escalate: Attacks shut Yemen’s Mokha port. Diplomacy stalled: Qatar says not mediating until Oman-Hormuz deal finalized. Iran hardens: Tehran says it maintains an offensive […]

Women Flee Ceuta After 15 Rapes Recorded Since Migrant Invasion Via Remix News, The Spanish Civil Guard has now confirmed there have been 15 rapes in Ceuta since the mass migrant invasion at the end of July, which has continued to shake Europe. In response, women are now reportedly fleeing the city in greater numbers as sexual violence spreads and scenes from the city portray a government unable to contain the growing chaos on the […]

Agricultural Commodity Prices Break Out As JPMorgan’s Food Crisis Warning Gets Louder JPMorgan analyst Nora Szentivanyi’s warning last week that the next global food crisis could begin as early as next year has been a major wake-up call for some, adding to the growing voices on institutional desks warning that food inflation is poised to re-accelerate.  Remaining extra watchful about agricultural prices, Bloomberg reported […]

Buy-Now-Pay-Later Klarna Crashes As Outlook Cut Exposes Consumer Growth Cracks Klarna, the Swedish fintech firm best known for its buy now, pay later services, crashed in premarket trading in New York after it lowered its full-year revenue and gross merchandise value forecasts following a second-quarter active-user miss, overshadowing stronger-than-expected earnings. The buy-now, pay-later firm now expects 2026 revenue of $4.08 […]

US Housing Starts Plummet In July, Near COVID Lows After Housing Starts exploded higher in June (driven by a massive rebound in multi-family units), July was expected to see a reflexive decline of 5.9% MoM… …things were considerably worse, with US Housing Starts plunging 12.4% MoM (the third major monthly drop in four months)… On the other hand, the more forward-looking Building Permits (preliminary for July) rose 5.0% MoM […]