🇨🇭🏦 Is this the beginning of a repeat of Lehman Bros 2008?
UBS just halted withdrawals of a $469 million real estate fund and told investors they can't have their money back for up to 3 years.
Why does this matter? Back in June of 2007, Bear Stearns did the same thing at two of their hedge funds. One year later, Lehman Brothers collapsed and the global financial crisis happened.
UBS looked at their real estate portfolio, realized the buildings are not worth what they paid for them and they cannot sell them without admitting HUGE losses.
Commercial real estate office vacancies are at record highs. Buildings are worth a fraction of what they were. Everyone has been trying to avoid marking their portfolios down to actual current value. But they cannot ignore it any longer.
🔗 FX Hedge
Police in Winona Minnesota are stunned after every single one of their Flock cameras were suddenly removed in a single night.
According to the police department, all 8 of the town's cameras were cut down and hauled away.
Police are asking for the public's help to identify the individual, but the public has been responding with comments such as:
"The Flock cameras tore themselves down"
"Whoever did it, was fishing with me"
"Whoever it was, was at Bible study with me"
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Nearly 20,000 people are publicly vouching for a man accused of cutting down Flock cameras in a small West Virginia town.
People commented:
"He was saving my neighbor's dog from a fire all day, couldn't be him."
"This man is innocent. I saw him serving at a soup kitchen."
-"Couldn't be him. He was helping me replace the roof on a homeless shelter."
The man, Wesley Jackson, has pleaded Not Guilty.
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🇮🇷🏆🇺🇸 They Saw It Coming
How American military planners anticipated failure in Iran
In mid-February 2026, before the US military initiated the airstrikes that began Operation “Epic Fury,” the National Intelligence Council (NIC), an agency of the executive branch created to synthesize the analysis of the US’s 18 intelligence agencies, submitted to the president a classified report detailing the prospects of an attack on Iran. This assessment, first reported on in the Washington Post and subsequently confirmed by the Associated Press, painted a grim picture.
It concluded that an offensive operation launched by the US military would be unlikely to dismantle the central pillars of the Iranian government. Assassinating Iranian Supreme Leader Ali Khamenei could backfire, resulting in the consolidation of Iranian military and political structures and the activation of emergency protocols the Iranians had been preparing for years. Iran’s domestic opposition was unlikely to be ...
The Shadow Of Jihad And Ethnic Cleansing: The Systematic Persecution Of Christians In Kosovo
200,000 Serbs expelled since 1999. Over 150 Orthodox churches destroyed. Kosovo produced more ISIS foreign fighters per capita than any European country — and Pristina's government continues to enable it.