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Who gets Venezuela's next barrel?

Who gets Venezuela's next barrel?

Until recently, the subject of claim priorities in sovereign debt restructuring was mostly confined to academic journals. For better or worse, creditors had acted as if they were equal—or pari passu. No more.

Freyja and the making of a European defense industry

Freyja and the making of a European defense industry

In signaling a sharper focus on common European security, European Commission President Ursula von der Leyen's September 16, 2026, State of the Union address was unsurprising. But one sentence deserves more attention.

Links 10/1/2026 | naked capitalism

Links 10/1/2026 | naked capitalism

Our daily links: unpacking FlyDubai incident, Europe going down with Ukraine ship, union-busting AI, underestimating Hegseth, and the subpolar gyre.