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Hubris, Nemesis, Grifter as Greek God: Palmer Luckey of Anduril

Palmer Luckey, the CEO of autonomous weapons systems maker Anduril, is being heralded as the potential savior of America’s defense industry. He’s not. But if you want to see end-stage capitalism in its rococo phase, there’s no better term to pop into search than “Palmer Luckey.” .@PalmerLuckey‘s personal arsenal includes helicopters, nuclear missile silos, a […]

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Warren asks FTC to consider blocking Dick’s-Foot Locker merger

Foot Locker and Dick’s Sporting Good stores. Reuters Sen. Elizabeth Warren is calling on the FTC and DOJ to consider blocking Dick’s Sporting Goods’ proposed acquisition of Foot Locker, writing in a letter to the agencies that the merger could cut jobs, raise prices and reduce competition.  The missive, sent Tuesday evening, asks the agencies

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Claire’s files for bankruptcy again as debt pile looms

People walk by a Claire’s store on December 11, 2024 in San Rafael, California.  Justin Sullivan | Getty Images News | Getty Images Tween retailer Claire’s filed for bankruptcy protection for the second time in seven years on Wednesday in the hopes it can reorganize its business and stave off liquidation.  The mall-based boutique, long

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What the end of Energy Star could mean for commercial real estate

An Energy Star sign on a building. Lynne Gilbert | Moment Mobile | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors

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Trump Reaffirms Threat of Even Higher Tariffs on India; Deflationary Shock Risk for Global South

Trump and India are locked in a staredown, and neither side appears prepared to blink. India seemed to have relied overmuch on its perception of its geostrategic importance, along with an earlier Biden Administration go-ahead, in persisting in Russian oil buys. So India appeared to ignore domestic pressures, like Lindsay Graham was stomping around in

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ESPN, WWE ink five-year deal for WrestleMania, Royal Rumble, other live events

Triple H looks on during WrestleMania 41 Saturday at Allegiant Stadium on April 19, 2025 in Las Vegas, Nevada. Georgiana Dallas | WWE | Getty Images The WWE is coming to ESPN. The Disney-controlled sports and entertainment business will pay an average of $325 million per year for five years of U.S. rights to the

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When One of the World’s Most Powerful Nations Is Run By Spoiled Children 

Like LSD, which can convince people they can fly—causing them to jump out of windows—weapons can make people overconfident. Skewing their tactical judgment. -Ng, “Snow Crash” As the US flails about trying to maintain a dominance that’s already gone, it’s often difficult to analyze or predict US actions because they usually appear on their face

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The “Trump Bridge” Could Lead To Russia’s Expulsion From the South Caucasus

Yves here. Before you take Andrew Korybko’s view as extreme, a new story in the Washington Post, framed as Trump hosting a meeting on Friday to try to broker a “peace deal” between Armenia and Azerbaijan. Even though it does not mention the idea of a US lease of the Zangezur Corridor even though that

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