BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise… er, hell.  One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it – like most of its peers – struggled under the weight of troubled loans, markdowns and […]

Court Strikes Down Trump’s Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming After the close on Thursday, the Court of International Trade (CIT) ruled to invalidate Trump’s latest set of universal 10% tariff imposed two months ago under Sec. 122. The administration will quickly appeal this decision before it takes effect May 12. If the case follows the same pattern as the challenge to the IEEPA tariffs […]

When Global Order Begins To Fracture Authored by Milan Adams via Preppgroup blog, There are moments in history when the world changes with noise — sirens, speeches, falling statues. And then there are moments when it changes so quietly that almost nobody realizes it is happening. We are living through the second kind. No formal announcement marked the transition. No historic summit collapsed on live television. No leader stepped […]

Pastor: U.S. Intel Warned Christian Leaders That Trump’s “Alien Files” Release Could Shatter Beliefs Zero-Point energy? Hologram theory? Consciousness is actually remote controlling our bodies via quantum microtubules in our squishy brains? How about all those dead scientists? Whatever reality is, the steady drumbeat of UFO ‘disclosures’ now apparently includes religious leaders, who are being ‘read in’ on some plan for a 2027 […]

Saudi Arabia’s $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen Via The Cradle Saudi Arabia’s Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports. The office was registered last year, falls under PIF’s Beijing branch, and is led by Lily Cong, a former chief […]

Chief Justice Roberts Says US Supreme Court Is Not Political Authored by Matthew Vadum via The Epoch Times, Chief Justice John Roberts said on May 6 that U.S. Supreme Court justices are not “political actors.” Roberts’s comments came at a conference in Hershey, Pennsylvania, attended by judges and attorneys from the jurisdictions covered by the U.S. Court of Appeals for the Third Circuit. That circuit encompasses […]

Uber Says AI Is Writing More Code and Slowing Hiring Growth Uber Technologies, Inc. is expanding its use of AI tools and using some of those efficiency gains to slow the pace of hiring, according to Business Insider. Speaking on the company’s first quarter earnings call, CEO Dara Khosrowshahi said autonomous coding agents now account for about 10% of Uber’s code updates. Engineers still review that output before it is committed […]

California Insurance Regulators Say State Farm Mishandled Wildfire Claims Authored by Dylan Morgan via The Epoch Times, The California Department of Insurance announced on May 4 it filed an enforcement action against State Farm, alleging the company significantly mishandled claims from survivors of the 2025 Los Angeles wildfires. “Wildfire survivors came to us for help, and we followed the facts,” Insurance Department […]

Hochul Targets NYC’s Multimillion-Dollar Second Homes In $268 Billion Budget Framework New York is taking direct aim at the city’s ultra-wealthy absentee owners. In a major policy shift announced Thursday, Governor Kathy Hochul and state legislative leaders reached a framework agreement on a $268 billion state budget that includes a new annual tax on multimillion-dollar second homes in New York City – a move designed to generate […]

What To Know About Trump’s Presidential Fitness Test Award Revival Authored by Aaron Gifford via The Epoch Times, In the coming academic year, old-fashioned calisthenics, timed runs, and the spirit of competition could return to many public schools. President Donald Trump on Tuesday signed a proclamation restoring the Presidential Fitness Test Awards, which date to the mid-20th century but ended under President Barack Obama’s […]

$16M Hospice Fraud Exposed In Newsom’s California As Trump Admin Ramps Up Crackdown Authored by Steve Watson via modernity.news, The Trump administration continues its aggressive push to root out waste and abuse in federal entitlement programs, exposing yet another layer of systemic fraud thriving in Gavin Newsom’s California.  A new investigation highlights a single attending physician whose National Provider Identifier was […]

‘Muslim-Only’ Water Park Event Canceled By Texas City Authored by Tom Gantert via The Epoch Times (emphasis ours), A Texas city that had a Muslim-only celebration scheduled at a city-owned water park has said that the event would be canceled. Texas Gov. Greg Abbott speaks to the media at the Texas Capitol in Austin, Texas, on Aug. 22, 2025. Eric Gay/AP Photo “After further review and in the best interest of the City of Grand […]

“Existential”: Israel Quadruples Foreign-Influence Budget To Massive $730M With the ranks of its foreign sympathizers plummeting all around the world and all across the political spectrum, the State of Israel is quadrupling its budget for so-called “public diplomacy,” bringing its 2026 spending on foreign influence campaigns to a massive $730 million. With the country’s growing unpopularity threatening US financial, military and […]

Vote Harder? Why Secession Is The Only Answer To The American Megastate Authored by Ryan McMaken via The Mises Institute, There are still some Trump supporters out there who continue to bill the Trump administration as some kind of great victory for the forces of populism against the “deep state.” A year into the second Trump administration, it is clear this is not a serious position. The populism of the Trump campaign has […]

US Conducts New Iran Strikes Along Hormuz Corridor – Trump Says Warships Came Under Fire By ‘Lunatics’ Summary US military attacks Iran locations on southern coast, and allegations of UAE involvement; Explosions rock Abu Dhabi. CENTCOM says intercepted Iranian counterattacks. Iran says US violated ceasefire after Centcom targeted Iranian facilities responsible for attacks; US says ceasefire not violated despite striking […]

The Maps Are Moving: How A Supreme Court Ruling Turned The 2026 House Race Into A Republican Offensive A few short weeks ago House Democrats were riding high. They had spent tens of millions to win a Virginia referendum that promised up to four new seats. President Trump was struggling in the polls. The path to a House majority looked plausible. Yet in the span of roughly two weeks, a combination of aggressive Republican […]

Dana White Says Society Is Failing Young Men, And The Backlash Proves His Point Authored by David Manney via PJ Media, Dana White touched some nerves this week when he mocked modern concerns over toxic masculinity and warned that society is increasingly pushing young men aside. Cue the shrieks in 3…2…1…0 White’s broader point, however, resonated with millions of Americans who see young men struggling socially, […]

UN Climate Panel Quietly Admits Its Doomsday Climate Scenarios Were ‘Implausible’ The IPCC has published a new generation of climate scenarios – and buried in the fine print is a remarkable concession: the extreme warming pathways that dominated climate research, policy, and media coverage for decades were never actually plausible. It took a while to notice because almost no one in mainstream media bothered to report it. “The […]

The Democratic Party Is Dead, Long Live The Jacobins! Authored by Victor Davis Hanson via American Greatness, For the past century, the agendas of the Democratic Party were predictable. They professed concern for working Americans and supported blue-collar unions. Unemployment insurance, a 40-hour work week, disability insurance, and Social Security were their trademarks—often rapidly achieved by growing government bureaucracies […]

30 House Dems Demand US Confirmation That Israel Has Nuclear Arsenal In the latest indication that Israel’s position in American politics is growing increasingly shaky, a group of 30 House Democrats have co-signed a letter to Secretary of State Marco Rubio, demanding that the US government finally acknowledge the existence of Israel’s nuclear arsenal. It’s a milestone event: For decades, both parties have diligently co-conspired in […]

The Complicated Reality Behind High Gas Prices Authored by Petr Svab via The Epoch Times, Average gas prices in the United States have gone up by almost 40 percent since March 1. The reason appears straightforward: Iran has blocked the Strait of Hormuz in response to the U.S. military operation that decapitated its regime and degraded its military. Hundreds of tankers trapped behind the strait cannot deliver their oil, […]

AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg. Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking […]

Moore: Time For Jerome Powell To Go Home Authored by Stephen Moore via RealClearPolitics.com, The man just won’t leave the stage. Fed Chairman Jerome Powell announced last week that he’s going to remain on the Federal Reserve Board until 2028 even as he by law surrenders his chairmanship. The announcement came even after President Donald Trump agreed to drop his unwise lawsuit against Powell for funding a $2 billion new Taj Mahal […]

French Carrier Traverses Suez Canal For Belated Possible Hormuz Mission  France and Britain could be poised to very belatedly join the party in Middle East regional waters, according to movements of warships as well as fresh statements. Egypt and France on Wednesday oversaw the transit of the French aircraft carrier Charles de Gaulle through the Suez Canal as part of a southbound convoy, the Suez Canal Authority announced. Charles […]

Worth Every Dollar (Until It Isn’t) Authored by Bryan Lutz via DollarCollapse.com, Jamie Dimon just gave the trillion-dollar AI capex boom his blessing. Standing next to Anthropic CEO Dario Amodei in New York on Tuesday, the JPMorgan chief told Wall Street that the buildout is “worth the trillion-dollar investment”… a sentence that would have been a punchline two years ago. Now it feels like even the mainstream media […]