Asia Scrambles For Coal As Energy Crisis Sends Prices To Two-Year High Ahead Of Winter As the Northern Hemisphere winter quickly approaches, Asian thermal coal prices have climbed to two-year highs and could be on the cusp of a major breakout as utilities stockpile the dirty fuel amid disruptions to natural gas and crude product markets caused by the war in Ukraine and the Strait of Hormuz disruption. Newcastle coal futures, an […]

Mohammed bin Salman Is More At Risk Internally Than From Houthi Attacks Authored by Alastair Crooke As part of its “blockade-for-blockade,” “airport-for-airport” strategy, Ansarallah carried out a third attack on Riyadh International Airport on Saturday — 12 people (mostly civilians) were killed and more than 300 injured. This, in tandem with Iran’s escalating attacks on tankers, and expanding its maritime operations, […]

Trump Doubles Down On $5,000 Payments Tied To Midterm Results President Trump released a new video ad this week repeating his pledge of $5,000 for every adult citizen if Republicans keep the House and the Senate in the Nov. 4 midterms. “I’m going to give all adult citizens in the United States of America $5,000,” Trump said in the video, posted to X. “Democrat policies won’t allow this to happen. In fact, the opposite.” TRUMP […]

No Quick Pump Relief: IEA Warns Diesel Squeeze Will Persist Into 2027 Goldman energy analyst Nikhil Bhandari warned last month that a deepening refining crisis could prolong diesel and gasoline pain at the pump well into 2027. Now, the International Energy Agency is reinforcing that warning, cautioning that diesel supplies could remain tight into the second half of next year. “The gasoil market balance will remain tight well into […]

Trump Admin Looking To Strip Ilhan Omar’s Citizenship, Then Deport Her; Passport Seized In Raid The Trump administration wants to strip Rep. Ilhan Omar (D-MN) of her US citizenship and then deport her, according to US officials and others familiar with the case who spoke to the Wall Street Journal. What’s more, DHS agents who searched Omar’s Washington home early Monday secured her passport, along with her cellphone, personal […]

“I Come From Your Future”: A Frenchman’s Warning To All Americans Voting Democrat France’s welfare-state promises are colliding with a bill that keeps getting bigger. Far-left radicals rioting, fiscal crisis, and political uncertainty are exposing the upper limits of a system built on handouts, heavy taxation, uncontrolled borrowing, and mass migration.  For American voters heading into the midterms in the next several weeks, the […]

Report Alleges Houthis Building Advanced Missiles With Help From China It should come as no surprise that Iran maintains powerful allies even while under threat of US bombs, and as Washington sanctions have sought its complete isolation. Most obvious among these remain Russia and China – nations which have not necessarily sought to ‘hide’ or conceal political and even military support to Tehran. The last several weeks have seen a […]

Two Emirati Ships Sink In Hormuz In Under 24 Hours As IRGC Claims 5-6 Vessels Targeted Nightly Update(1240ET): While dozens of ships have come under attack by Iran in the Hormuz Strait and nearby areas since the war began, resulting in damage and fires aboard vessels, it remains much more rare for a tanker to sink at a total loss. However, the WSJ has confirmed Wednesday that two have completely sunk in the last 24 hours, the first […]

Congresswoman Warns Incoming Socialists Are “National Security Threat,” Wants Their Access To Intel Limited Rep. Nicole Malliotakis, (R-N.Y.), said two members of the Democratic Socialists of America (DSA) who appear headed to Congress could pose a national security risk, and she wants House leadership to keep them away from sensitive intelligence. “These people are extreme, they’re radical, they are dangerous, and they really […]

“F**k You!” Hollywood Civil War Erupts As Ari Emanuel Goes Nuclear On Legendary Kingmaker Hollywood power broker Ari Emanuel unleashed a profanity-laced tirade against fellow entertainment mogul Jeffrey Katzenberg, accusing the Democrat megadonor of double-crossing him in business and putting his own interests ahead of the Democratic Party. Appearing on Bill Maher’s “Club Random” podcast, Emanuel (who Ari from Entourage was […]

Judge “Highly Likely” To Grant Apple Injunction As OpenAI Fires Back With Its Own Theft Allegations The judge overseeing Apple’s trade-secret case against OpenAI said Wednesday he is “highly likely” to grant an injunction barring use of the iPhone maker’s proprietary information, a potential setback for the ChatGPT maker’s push into consumer hardware, Bloomberg reports. Ahead of the hearing, however, OpenAI delivered its own […]

Russia Arrests Japanese Journalist On Espionage Charges, Tokyo Summons Ambassador Relations between Russian and Japan have been on a downward spiral of late, as Tokyo continues cozying up to the US military as well as NATO, and amid a long-simmering dispute over the Kuril Islands, which Japan identifies as its own Northern Territories. Russia on Tuesday arrested a Japanese journalist, which the Kremlin says is actually a spy […]

Not ‘The Onion’: Harper’s Magazine To Honor NPR CEO Katherine Maher With First Amendment Award Authored by Jonathan Turley via JonathanTurley.org, Harper’s Magazine appears to be competing with The Onion in satire this week. It is awarding its First Amendment prize to NPR CEO Katherine Maher. It is akin to awarding a Second Amendment prize to Gavin Newsom. Maher has long been the very symbol of advocacy journalism and bias. […]

America Looks Richer Than Ever. What Happens When The Fed’s Asset Bubble Bursts? Authored by David Stockman via InternationalMan.com, It is now abundantly obvious that the FOMC and its clumsy rate-pegging and credit printing tools are not remotely fit for purpose. The real impact is dramatically displayed in the graph below. It shows that after 1987 the growth rate of household assets relative to earned income (i.e. excluding […]

Pizza Losing Value War As Cash-Strapped “Proteinmaxxing” Consumers Flock To Chicken Domino’s Pizza shares fell 3% in the early US cash session after the quick-service restaurant chain reported weaker-than-expected same-store sales growth in the US and internationally, despite earnings and revenue that beat Bloomberg Consensus estimates. US same-store sales rose .3%, below the .72% Bloomberg Consensus estimate. International […]

Useless Without Transmission: DOE Backs $581 Million TVA Grid Expansion On the same day we asked how much of the grid’s bill is really AI’s, the Department of Energy offered a partial answer. @TVAnews and @ENERGY are supporting readily-available, affordable energy that powers Tennessee and the nation. @POTUS is lowering costs for over 2 million families and businesses while bringing new innovation and employment to the […]

Dowd: “Investment Bubbles Are A Feature Of Capitalism, Not A Bug” Authored by Ed Dowd via Ed Dowd’s Beyond The Narrative Substack, On Friday October 9th Bloomberg published an article titled “Jeffries’ Chris Wood Sees ‘Massive Capital Destruction’ in AI.” His view is that the most likely long-term outcome of the AI boom is massive capital destruction in the US, with market share shifting to cheaper open-source Chinese models. Wood […]

Bank Of America Tumbles After Trading Miss Across The Board Last night we said Bank of America would use its brand new and “unexpected” $1.2 billion (non tax-deductible) money-laundering penalty as cover for an ugly quarter. This morning it tried to do just that. Just hours after Treasury fined the bank more than $1.21 billion for willfully failing to report over $5 billion in suspicious transactions (and for having “prioritized […]

ZeroHedge Debate: Sankey Predicts 2028 Oil Futures Will Feel The Pain Soon The damage inflicted on global energy infrastructure during the Iran war could have consequences lasting well beyond the conflict itself, according to veteran energy analysts Paul Sankey and Arjun Murti, who joined Erik Townsend for last night’s ZeroHedge Debate. An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China […]

CVS To Pay $315 Million Over Claims It Filled Unlawful Opioid Prescriptions Authored by Kimberly Hayek via The Epoch Times, CVS Pharmacy Inc. and related entities agreed Tuesday to pay $315 million to resolve Justice Department allegations that the company illegally filled opioid and other controlled-substance prescriptions and billed many of them to Medicare and other federal health programs. The sum settles claims that the […]

Former Gang Leader Sentenced To 40 Years To Life In Tupac Shakur Murder Authored by Savannah Hulsey Pointer via The Epoch Times, A former gang leader was sentenced to 40 years to life in prison on Tuesday for his part in the 1996 death of rapper Tupac Shakur. Duane “Keffe D” Davis, 63, faced the potential of life without the possibility of parole after he was convicted of orchestrating the drive-by shooting that killed the […]

Trump Touts Taiwan-Alaska LNG Deal Offering Decades Of Conflict-Free Supply Beyond Hormuz The Gulf area conflict is rewiring global energy supply chains, with Taiwan turning to Alaska for long-term, conflict-free liquefied natural gas supplies.  President Trump touted the latest development on Truth Social, saying Taiwan had agreed to purchase 30% of a planned Alaska LNG project’s output for two decades and invest an additional […]

Hillary Clinton Launches Political Podcast Ahead Of Midterm Elections Authored by AG News Staff via American Greatness, Former Secretary of State Hillary Clinton is returning to the political spotlight with a new podcast alongside former CNN host Kara Swisher, just weeks before the November midterm elections. Clinton, the Democrats’ unsuccessful 2016 presidential nominee, announced Tuesday that she will co-host “High Stakes,” a […]

Can Lasers Beat Drone Swarms? The Pentagon Is About To Find Out Authored by Alex Kimani via OilPrice, The enormous expansion of drone warfare is forcing militaries to reconsider how much ammunition they can afford to fire at relatively cheap targets. The Pentagon is betting that some of that ammunition can be replaced with electricity, selecting four directed-energy systems for operational testing at five U.S. military bases. […]

Royal Found Passed Out After Cocaine Binge As Toddler Wanders Toward Traffic A member of one of the world’s wealthiest royal families was found passed out on a busy London street after a cocaine binge while a barefoot toddler wandered dangerously close to traffic, a British court has heard. Mahrah Al Nahyan at Southwark Crown Court, where she admitted a count of child neglect (The Times)Mahrah Al Nahyan, 32, a member of Abu Dhabi’s […]