We know what’s coming and we are prepared.
An unlikely coalition
The New Popular Front was an 11th-hour alliance, born out of perceived necessity, bringing together two moderate left-wing parties - the center-left Socialist Party and the Green Party — and two far-left movements — Jean-Luc Mélenchon's France Unbowed and the Communist Party.
The alliance wants to lower the retirement age, which Macron raised last year, and vastly expand government spending on social welfare, environmental protection and health care.
Macron called snap elections last month after his coalition was trounced by National Rally in European parliamentary elections, gambling that the possibility of a far-right government would push French voters to reaffirm his mandate.
While he appeared Sunday to have been correct about how the public would respond to the threat of the country's first far-right government since World War II, he seemingly underestimated the appeal of the left.
In the first round, the New Popular Front came in second with 28 percent of the vote, behind the 33 percent of votes cast for National Rally. Macron's centrist alliance secured only 21 percent.
French elections are decided at the district level, so while National Rally and the New Popular Front had more than 30 candidates each who won more than 50 percent of the vote and were elected to Parliament outright, other districts went to a runoff between the top two or three candidates.
In districts where Le Pen's candidates won a narrow victory, the leftist alliance and Macron's centrist coalition combined efforts, encouraging weaker candidates to drop off the ballot. It was primarily candidates from the left, including Mélenchon's France Unbowed, who renounced their second-round participation, according to France's Le Monde newspaper.
Can the center (left) hold?
While the New Popular Front has come out on top, they are nowhere close to securing a
parliamentary majority. Unless moderate members of the alliance are able to form a government with Macron's centrist allies, France could be headed for political gridlock with just weeks until Paris is set to host the Olympics.
After the first projections Sunday, Mélenchon, the most widely known figure in the alliance, called on Macron to invite the bloc to form a government.
"The president must bow and admit this defeat without trying to circumvent it," Mélenchon said.
"No subterfuge, arrangement or combination would be acceptable" to keep his coalition from power, he added.
Ukrainian forces have begun training and testing exoskeletons for battlefield use. Soldiers from the 147th Separate Artillery Brigade are using them in the Pokrovsk sector for both logistics and frontline operations. The goal is to reduce physical strain, especially when loading heavy artillery shells into howitzers without automatic loaders. Artillery crews can handle up to 1200 kg of ammunition per day, and early tests show that exoskeletons help them work faster and with less fatigue Above all, by improving the conditions for those soldiers on the front lines who handle such heavy loads, plus the stress of work. Seeking to reduce overall fatigue in the troops
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🇮🇷🇮🇱 - 14 wounded in Iranian missile strike in central Israel, according to Israeli media.
🇬🇧🇮🇶 - A drone struck British Castrol oil warehouses in Erbil, Iraqi Kurdistan, causing extensive damage.
🇮🇷🇮🇱 - Iran launched 9 missiles towards Israel this morning alone, with at least 3 of them being cluster missiles.
🇱🇧🇮🇱 - Over the past 12 hours, Hezbollah launched counterattacks in Khiam and Qantara, in the Nabatieh direction, southeast Lebanon. Hezbollah recaptured northern Khiam, with fighting ongoing for the south of the town. Hezbollah units also re-entered Qantara; frontline sources reported clashes in the center of the town last night.
🇱🇧🇮🇱 - 48 IDF soldiers have been wounded in clashes with Hezbollah over the last 24 hours in southern Lebanon, according to the Israeli Army.
🇱🇧🇮🇱 - "The Israeli army is barely catching its breath in southern Lebanon, and its resources are less than in the previous round of fighting," - Haaretz....
🇺🇸 Blue Owl Capital just disclosed that investors tried to pull 40.7% of one fund and 21.9% of another in a single quarter, and both funds gave the same answer, you can only have 5% back, and everyone else waits in line.
This is a bank run, not a normal withdrawal.
Wall Street spent the last decade selling millions of investors on something called semi-liquid private credit, higher yields, steady income and the promise you could get your money back every quarter if you needed it. What they buried in the fine print was what happens when too many people try to leave at the same time.
Analysts who have covered private credit for decades say nothing on this scale has ever been reported before at any major private credit manager.
These funds do not hold stocks you can sell on a Tuesday afternoon, they hold private loans to mid sized companies that cannot be liquidated quickly without destroying the price for every investor still trapped inside.
This product was originally designed for ...
🇺🇸 President Trump wants to switch to war economy in 2027 with massive increase in military spending and massive cuts to healthcare and other domestic agencies
Once a deficit hawk — he said in 2016 that he thought he could balance the budget in five years — Trump ended his first term with $7.8 trillion in added debt. His 2027 proposal is expected to give an update on 10-year deficit projections currently estimated at around $16 trillion.
The GOP's message for the Midterms will be focused on the "need" for a massive defense build up while the Democrats' message will be focused on affordability.
The fiscal 2027 budget will be the first time Trump puts his second-term governing agenda into one comprehensive document — with the numbers to back it up. The budget he released last year lacked detailed line-by-line spending targets and the economic assumptions necessary to project the long-term cost of his proposals.
Investors in US Treasuries will be looking to see if the debt and ...
