Skip to main content
The FYCKL Project
No AI. No Bull.

Main navigation

  • Home
User account menu
  • Log in

Breadcrumb

  1. Home
  2. Aggregator
  3. Sources

Zero Rss

New Study Exposes How The Left Turned Mental Illness Into A Political Identity

Zero Rss
2 months ago
New Study Exposes How The Left Turned Mental Illness Into A Political Identity

Something researchers have observed for decades is finally crystallizing into a measurable cultural phenomenon. Political conservatives consistently report higher levels of happiness, better mental health, and stronger psychological well-being than their liberal counterparts. A new study published in Political Behavior takes that finding several steps further, arguing that mental illness has begun functioning as its own political identity, and that identity clusters most tightly on the left.

Columbia University's magazine originally flagged the underlying trend back in 2023, reporting that "American adults who identify as politically liberal have long reported lower levels of happiness and psychological well-being than conservatives," Based on the data of four different studies, researchers from the Universities of Florida and Toronto, found an explanation: conservatives tend to exhibit greater personal agency, religiosity, moral clarity, self-worth, and a more optimistic general disposition.

The Political Behavior study was conducted by Prof. Lauren Van De Hey of Utah State University, and the implications of her findings were significant. "I further find that there is an emerging mental health political identity that is most pronounced among younger (Gen Z) and more liberal Americans," she said.

She also noted that "the political predictors and political consequences for the emerging mental health identity differ from those for physical disability and serious physical illness categorization and identification," suggesting that mental health, unlike physical illness, has acquired a distinctly ideological character in American life.

Approximately half of the study participants with mental illness reported that their identity as a person with a mental health condition is "very important or somewhat important" to them. Meanwhile, conservatives are less likely than liberals to categorize anxiety and depression as mental health conditions and seek clinical treatment at lower rates. Van De Hey speculates this may reflect a "personal responsibility ethos: they do not seek help when they think they can resolve the issues on their own." That framing, notably, does not treat the conservative approach as a pathology.

The study concludes that "these findings have far-reaching consequences for mental health advocacy, and the role mental health identity will play in the political sphere - especially as Gen Z matures as a cohort," with conservative and specifically Christian beliefs credited as having a stronger track record for producing happiness and well-being than leftist counterparts.

"It is becoming increasingly clear which ideas do what! Conservative, and specifically Christian, ideas have a much better track record than their leftist counterparts," writes Glenn T. Stanton of Daily Citizen. "This has deep personal and political implications."

The gender dimension of this divide deserves its own examination. Academic literature going back to the 1970s establishes that women generally report worse mental health than men. A separate body of research establishes that conservatives report greater happiness than liberals. Among young liberal women, both trends converge. Last year, the Institute for Family Studies report found that 37% of conservative women report being "completely satisfied" with life, compared to 28% of moderates and just 12% of liberal women. Young conservative women are more than three times as likely as liberal women to report feeling very happy, and IFS found that "liberal women are two to three times more likely to report they are 'not satisfied' with their lives, compared to conservative women."

The loneliness numbers were just as striking. Among women ages 18 to 40, 29% of liberals reported feeling lonely many times a week. Among conservative women, that figure dropped to 11%. The explanatory variables IFS identified were that young conservative women are far more likely to be married, far less likely to be cohabiting, and nearly five times more likely to attend weekly church services.

IFS concluded that closing the happiness gap "will seemingly require not only a change in thinking but also a renewal of young liberal women's connection to America's core institutions - family and faith." That's a direct challenge to a progressive framework that has spent years telling young women that traditional institutions are the source of their suffering rather than the solution.

Tyler Durden Mon, 06/15/2026 - 22:10
Tyler Durden

Federal Agents Dismantle Human Smuggling Stash House In Texas

Zero Rss
2 months ago
Federal Agents Dismantle Human Smuggling Stash House In Texas

Authored by Troy Myers via The Epoch Times,

U.S. Border Patrol and Homeland Security Investigations (HSI) agents busted a stash house used for human smuggling in El Paso, Texas, Customs and Border Protection (CBP) exclusively told The Epoch Times on Monday.

U.S. Border Patrol agents monitor the southern border outside of San Diego, Calif. on May 27, 2026. John Fredricks/The Epoch Times

The joint investigation, which resulted in the arrests of 11 illegal immigrant adults and one unaccompanied child found in the house on May 27, highlights the need for strict enforcement efforts at the border to dissuade individuals from entering the country unlawfully through human smugglers, CBP officials said.

"This operation, in partnership with U.S. Border Patrol, reflects our mission to safeguard the homeland and uphold the integrity of our immigration system," HSI El Paso Special Agent in Charge Ryan McRae said. "We remain committed to ensuring the safety and security of El Paso and beyond."

Of the 12 illegal aliens arrested, 10 were from Mexico and two from Guatemala.

The 11 adults were processed and charged with violations of Title 8 of the U.S. Code, CBP said, which encompasses immigration offenses including unlawful entry, unlawful reentry, alien harboring or smuggling, and more.

The unaccompanied minor was "administratively processed," CBP told The Epoch Times.

Following apprehension, an unaccompanied child is transferred into the care and custody of the Office of Refugee Resettlement, which sits under Department of Health and Human Services.

Chief Patrol Agent Jessie Munoz for the El Paso Sector said his agents and agency partners at HSI are making progress in dismantling criminal smuggling organizations in the region.

The Epoch Times exclusively spoke with other top leadership at the U.S.-Mexico border who echoed the same message.

They described the border as more secure than at any other point in American history, yet some vulnerabilities remain that criminal organizations will attempt to exploit, Chief Patrol Agent Justin De La Torre of the San Diego Sector said.

"Our primary focus is to prevent people from illegally entering in the first place, and it is my strong belief that the only way we can do that is if people know if they choose to use the cartels to come to the United States, they will not be successful," De La Torre said.

Every individual who illegally crosses the border, the San Diego Sector chief said, equates to money going into the hands of the cartels, which charge roughly $10,000 per person to be smuggled into the country.

More often than not, an illegal immigrant doesn't have enough money up front to make this payment, De La Torre said. Instead, they have an agreement with the cartels that if they are successfully smuggled in, they will illegally work in the United States and send money back each paycheck.

"It could take them a year, it could take them six years, but they're paying the smuggling organization until that debt is paid off, and that's usually through fear [from the cartels saying] ... 'If you don't, we know where your family lives,'" De La Torre said.

CBP officials told The Epoch Times that they hear countless stories of illegal immigrants alleging they were sexually assaulted, robbed, or beaten by their smugglers.

"If they can't get a group through, they will kidnap people, call their family members for ransom, just to gain some type of profit," De La Torre said about the smuggling organizations.

Tyler Durden Mon, 06/15/2026 - 21:45
Tyler Durden

New Radar System Can Detect High-Speed Drones Nearby Ports, Vessels In Extreme Environment

Zero Rss
2 months ago
New Radar System Can Detect High-Speed Drones Nearby Ports, Vessels In Extreme Environment

Authored by Prabhat Ranjan Mishra via Interesting Engineering,

A new type of radar to detect drones nearby ports, vessels, harbours, and critical maritime infrastructure has been introduced. Developed by Robin Radar Systems, IRIS OTM at Sea is designed for seamless land-to-sea deployments.

The system can operate effectively in extreme environments thanks to its salt- and corrosion-resistant engineering.ROBIN

The new system is a major expansion of its IRIS On-The-Move (OTM) capability.

The comprehensive update is aimed at strengthening counter-UAS protection for shipping lanes, naval operations, and coastal assets.

Offshore Assets Are Exposed To Low-Cost Aerial Threats

"What we are seeing globally is that the drone threat is no longer confined to the battlefield or to land-based infrastructure. Shipping lanes, ports, harbours and offshore assets are now all exposed to low-cost aerial threats that can disrupt trade, damage infrastructure and threaten civilian safety," said Siete Hamminga, CEO, Robin Radar Systems.

"The Strait of Hormuz has once again demonstrated how vulnerable critical maritime corridors can become during periods of instability. IRIS OTM at Sea is being designed to answer that challenge with a rapidly deployable, software-defined capability that can move seamlessly between land and sea."

IRIS OTM At Sea Will Detect, Track, And Classify Drones

Originally developed to operate from moving land vehicles traveling at speeds exceeding 62 mph (100km/h), IRIS On-The-Move will now be adapted for maritime environments through advanced software enhancements that compensate for sea clutter, vessel movement, and challenging coastal conditions, according to a press release.

Designed to be mounted on vessels, IRIS OTM at Sea will detect, track, and classify drones while travelling at speeds of up to 54 knots, operating effectively in extreme environments thanks to its salt- and corrosion-resistant engineering, resonance tolerance, and EMC-compliant architecture.

Unlike traditional static radars, IRIS is designed to move with the threat itself, providing persistent situational awareness across highly dynamic environments, as per the release.

The company revealed that the radar's software architecture will be updated to filter out heavy sea reflections and environmental clutter to isolate small airborne threats operating close to the waterline, an increasingly important capability as drone incursions continue to evolve across maritime theatres.

Robin Radar Systems highlighted that the maritime update has been shaped directly by operational lessons from ongoing live-fire environments, where the need for flexible, mobile counter-UAS systems capable of protecting dynamic environments has accelerated dramatically. The company's engineering teams reportedly adapted the system specifically to address the increasing use of fixed-wing drones and low-altitude aerial threats around strategic shipping corridors and maritime infrastructure.

"Modern security demands speed and flexibility. Operators need systems that can deploy quickly, integrate easily, and adapt as threats evolve," said Vivien Croes, Chief Technical Officer, Robin Radar Systems.

"What makes this update important is that we are taking a combat-proven radar and extending its capabilities into one of the most operationally complex environments in the world. The future of counter-UAS is not static infrastructure, it is agile, mobile sensing systems capable of protecting people, critical infrastructure and global commerce wherever threats emerge."

Tyler Durden Mon, 06/15/2026 - 20:55
Tyler Durden

Which US States Have The Highest GDP Per Capita?

Zero Rss
2 months ago
Which US States Have The Highest GDP Per Capita?

Where you live in the U.S. can make a huge difference in economic output per person.

GDP per capita varies widely across states, from under $60,000 in Mississippi to nearly $280,000 in Washington, D.C.

This chart, produced by Visual Capitalist's Jenna Ross, in partnership with Terzo, breaks down GDP per capita in 2025. 

GDP per Capita by State

Washington, D.C. has the highest GDP per capita. The capital’s economy is concentrated in high-value professional services like consulting, IT, and legal, as well as government spending. 

Its large commuter workforce from outside states also boosts the figure, as many workers contribute to economic output without being counted in the local population.

State 2025 GDP per Capita Washington, D.C. $278k New York $123k Massachusetts $115k Washington $112k Delaware $111k California $108k North Dakota $102k Connecticut $102k Alaska $102k Nebraska $98k Colorado $97k Illinois $95k New Jersey $93k Texas $92k Minnesota $91k Maryland $91k Virginia $90k Wyoming $89k Utah $89k New Hampshire $89k Hawaii $87k South Dakota $86k Nevada $86k Iowa $86k Georgia $82k Ohio $81k Kansas $81k Pennsylvania $81k Tennessee $81k Oregon $80k North Carolina $80k Wisconsin $79k Arizona $78k Florida $78k Indiana $78k Rhode Island $75k Vermont $75k Missouri $75k Louisiana $74k Maine $73k Michigan $72k Montana $72k New Mexico $72k South Carolina $68k Idaho $67k Kentucky $67k Oklahoma $67k Alabama $66k Arkansas $64k West Virginia $62k Mississippi $56k

Source: U.S. Bureau of Economic Analysis, U.S. Census Bureau. Figures rounded.

New York takes the second spot as a global financial hub with strong output in other high-value industries, including real estate and professional services. 

Massachusetts and Washington also top the ranks. While Massachusetts drives value through professional services like biotechnology, Washington is home to big tech companies like Amazon and Microsoft.

Resource Economies

Outside of more service-based economies, both North Dakota and Alaska pump out over $100,000 in GDP per capita. 

Both states are driven by natural resources and mining, ranking as the third (North Dakota) and fifth-highest (Alaska) producers of crude oil in America. These states also have some of the lowest populations in the country, driving up output per person.

More recently in 2026, both states have seen monetary benefits from oil transport disruptions and rising prices. North Dakota typically sells crude oil at a discount to benchmark pricing, but has been earning $7 more per barrel above the benchmark. In Alaska, the state recently increased its projected revenue by $0.5 billion as a result of higher oil prices.

Maximizing Value

As economies push to create more value per person, businesses are also focused on getting more from what they have.

Tyler Durden Mon, 06/15/2026 - 20:30
Tyler Durden

India's Solar Demand Set For 22% Annual Growth Through 2035

Zero Rss
2 months ago
India's Solar Demand Set For 22% Annual Growth Through 2035

Submitted by Tsvetana Paraskova of OilPrice.com

India’s solar capacity is set to surge by 22% each year by 2035 as the data center boom will drive increased power consumption, a new report by Nuvama showed on Monday.   

The consultancy estimates that India’s total power demand will rise by 6% every year over the next decade, “driven by economic growth, rising urbanisation, manufacturing expansion and increasing electrification across sectors,” according to the report cited by Indian news outlet ANI.

Solar growth will vastly outpace overall power demand as power-intensive data centers will drive 22% compound annual growth rate (CAGR) in solar energy capacity from 2026 to 2035, the report found.

“Our base case suggests green hydrogen and data centre capacity shall add another 251GW solar capacity, while it is 406GW capacity in the bull case scenario,” Nuvama analysts said in the report.

“Given solar capacity expansion in our base case, the share of solar shall rise from 28% in FY26 to 61% by FY35 and to 65% in the bull case,” they added.

India expects to nearly quadruple its solar power capacity and triple wind power-generating assets within ten years, according to the new Generation Adequacy Plan published by the country’s Central Electricity Authority earlier this year.

India projects to have a total of 509 gigawatts (GW) of solar power capacity installed by the end of the 2035-2036 fiscal year, up from 140 GW installed solar PV capacity as of January 2026.   

“The installed generation capacity projection in 2035-36 shows that the country is moving toward a strong transition to non-fossil energy. Renewable sources, especially solar PV, hydro, and wind, will dominate future capacity, supported by Energy Storage Systems,” according to the policy.

In 2025, India boasted that it was five years ahead of schedule when it achieved its target of having 50% of its installed electricity capacity coming from non-fossil fuel sources.

However, India's electricity grid is expanding at a slower pace than the boom in renewable energy installations, leading to an increased share of clean energy curtailments and threatening to slow the solar and wind boom in the world’s most populous country.   

Tyler Durden Mon, 06/15/2026 - 20:05
Tyler Durden

How The World Added Decades To Life Expectancy

Zero Rss
2 months ago
How The World Added Decades To Life Expectancy

The average person today can expect to live far longer than someone born in 1960, regardless of where they live.

This chart, via Visual Capitalist's Bruno Venditti, tracks life expectancy at birth across four World Bank income groups. While high-income countries still have the longest lifespans, the biggest gains have come elsewhere. Upper-middle income countries have added more than three decades to life expectancy, while low-income countries have made substantial progress as well.

The data for this visualization comes from World Bank via FRED. It tracks life expectancy at birth by income group from 1960 to the latest available data (2024).

High-Income Countries Still Lead

High-income countries still have the highest life expectancy, reaching 80.3 years in 2024.

That is up from 68.3 years in 1960, a gain of 12 years. These countries started from a much higher baseline, meaning their gains have been slower but still substantial.

Examples include the U.S., Germany, and Japan.

 

Upper-Middle Income Countries Saw the Fastest Gains

 

Upper-middle income countries posted the largest increase, rising from 41.9 years in 1960 to 76.3 years.

That is a gain of 34.4 years, the fastest improvement of any group in the dataset. This category includes countries such as China, Brazil, Mexico, and South Africa.

Much of this improvement coincided with rising incomes, better sanitation, expanded vaccination programs, lower child mortality, and broader access to healthcare. Together, these changes helped push life expectancy in many middle-income countries toward levels once seen only in the world’s wealthiest economies.

The Global Life Expectancy Gap Has Narrowed

In 1960, people in high-income countries lived about 27 years longer than those in low-income countries.

Today, the gap stands at roughly 16 years. While a significant difference remains, low-income countries have added more than 23 years to average life expectancy since 1960. In other words, much of the world’s longevity progress has come from countries that started furthest behind.

However, the remaining gap shows that income, healthcare access, and living conditions continue to shape longevity worldwide.

If you enjoyed today’s post, check out Ranked: Countries With the Most Ultra-Rich Residents in 2026 on Voronoi.

 

Tyler Durden Mon, 06/15/2026 - 19:40
Tyler Durden

Domesticating AI - It's Not Coming, It's Already Here

Zero Rss
2 months ago
Domesticating AI - It's Not Coming, It's Already Here

Authored by Howard Armitage via New Atlas,

When my neighbor wanted a vision of what his fence could look like, I didn't hesitate to ask ChatGPT to create a mock-up. I took a photo of the fence and asked it to overlay a potted Jasmin espaliered to it, after a couple of tweaks, and all of about one minute later, it gave me this:

AI-generated mock-up created from the author’s original fence photograph
Howard Armitage

During a recent conversation with a diving buddy, he pulled out his phone mid conversation and said "Hey Grok, show me that dive computer we were talking about this morning." And yes, it's $580 worth of gorgeous.

Its translation abilities are spectacular, and occasionally hilarious. It really is the Babel fish. Not that long ago I moved to a bank simply because it supported Apple Pay years before the big players. At that time, paying with just the tap of a wrist always garnered astonishment and commentary. Around the same time, voice assistants started crossing the line from novelty to genuinely useful. Set a timer, make an appointment, play some music. Super!

"Alexa, turn the kitchen light on." Light comes on. "No, turn it off." "There is no device called 'it' to turn off." Oof!

No memory, no context.

Enter Nabu (yes I know, I haven't got round to changing the wakeword name yet). Naby knows it turned the kitchen light on, and knows I was referring to the kitchen light when I said "turn it off." It remembers, it has context, because it's not just a dumb voice assistant anymore, it is plumbed into my local AI.

The big commercial AI platforms can be connected to these systems, but running it locally means the data stays within the boundaries of my house. It won't process that mountain of documents or win that tricky legal case yet, but it can keep track of the state of my home and understand what I mean when I speak naturally.

That's a big deal - because now I don't have to write and memorize tiresome automations for rigid pre-programmed commands, I can converse with Nabu in human and it understands "all the lights" or "just the downstairs aircons."

Only five years ago, running an AI model at home was a ridiculous proposition - you'd need datacenter hardware and a tech-bro budget. Now, it's dramatically cheaper and easier - with consumer GPUs, mini PCs, Ollama and Hugging Face, technically curious people are quietly building surprisingly capable AI systems at home. The GPU that I can hold in my hands doesn't compete with a datacenter the size of several football fields - but for my homelab tinkerings, it's surprisingly capable, and is only becoming more so.

I should probably backtrack a little here - I'm enthusing about Home Assistant, which I've been running for about 12 years - originally on a Raspberry Pi, now in a VM on ProxmoxVE. Sensors and controllers are scattered all over the house, with a dashboard in a browser acting as mission control. Lights automated with timers and presence detectors. Sun elevation adjusts blinds, curtains react to sunrise and sunset, and moisture sensors trigger irrigation on demand. Solar and battery systems respond to dynamic electricity pricing, buying and selling power depending on what the grid is doing.

Home Assistant proclaimed 2023 to be the Year of the Voice and duly launched a prototype Voice Assistant. At launch, its capabilities were limited. Today, it is genuinely good at a variety of tasks, and it's all open source so you can build your own device from very inexpensive hardware, and the software is on GitHub.

Local models - Llama, Gemma, Mistral, Qwen - very much lag behind the giant commercial systems, but for experimentation, home automation, and general day-to-day interaction, they're becoming more and more usable. I personally care about data sovereignty (a huge topic in its own right), so running a local AI grants me a more privacy-conscious workflow, and it still works when the internet doesn't.

Quite how many months of commercial AI subscriptions I could have got for the price of my GPU is a question I'm deliberately avoiding, predominantly for marital reasons. I rather think of myself as a data nerd. All those sensors collecting all that data in a "If this, then that" environment makes for endless tinkering possibilities. And with an AI-powered Nabu gradually replacing Alexa, my office edges ever closer to Tony Stark's lair. We're no longer at "deploying Kubernetes clusters" level of difficulty, but it's still very much a tinkerer’s space rather than a mainstream consumer appliance. Even so, it feels like a taste of where we're heading.

The strange thing is how quickly this all stops feeling strange. Talking naturally to an AI that understands context, remembers previous conversations and controls my house may have garnered astonishment and commentary. Now, it's just another thing sitting quietly in my server rack.

Home Assistant acting as “mission control” for lighting, climate and automation around the author’s home Howard Armitage Tyler Durden Mon, 06/15/2026 - 19:15
Tyler Durden

Final Ivy Folds As Columbia University Abandons Test-Optional Admissions Policy

Zero Rss
2 months ago
Final Ivy Folds As Columbia University Abandons Test-Optional Admissions Policy

More than three years after adopting test-optional admissions, Columbia University is reversing course and will once again require standardized test scores from prospective students.

Columbia announced on June 13 that, beginning in fall 2027, first-year and transfer applicants will have to submit either SAT or ACT scores to be considered for admission. The university will remain test-optional for the upcoming 2026–27 admissions cycle.

University officials said the decision follows a “multiyear faculty review” that found “test scores, among other factors, were a useful indicator of potential student success.”

“Standardized testing is one of many elements that can demonstrate a foundation of academic excellence; others include your performance in your secondary school coursework and the rigor of your curriculum,” the university stated on a webpage outlining its new policy.

As Bill Pan reports for The Epoch Times, Columbia was among the first elite universities to suspend testing requirements during the COVID-19 pandemic, when widespread school closures and testing disruptions limited students’ access to the SAT and ACT. In 2023, the university extended its test-optional policy indefinitely, becoming the first Ivy League institution to make the change permanent.

It was also the last of the eight Ivy League schools to maintain a test-optional admissions policy.

Princeton University reinstated standardized testing requirements in October 2025, leaving Columbia as the sole Ivy League holdout.

The debate over standardized testing has intensified in recent years as some of the nation’s most selective institutions have restored testing requirements. Like Columbia and Princeton, many of those schools have cited internal data showing that test scores are a strong predictor of academic performance and graduation outcomes.

When Princeton announced its decision, university officials said data collected during five years of test-optional admissions showed that “academic performance at Princeton was stronger for students who chose to submit test scores than for students who did not.”

Massachusetts Institute of Technology, which reinstated its testing requirement in 2022, also said that considering SAT and ACT scores—particularly math scores—“significantly improves” its ability to predict whether applicants will succeed in the institute’s highly demanding mathematics and math-based science courses.

Critics of standardized testing, however, argue that emphasizing those scores may disadvantage students from low-income and historically underrepresented backgrounds who lack access to expensive tutoring, test-preparation courses, and other educational resources.

Columbia’s move also comes amid renewed interest in standardized testing from the Trump administration.

Administration officials have argued that test-optional admissions policies allow colleges to rely more heavily on subjective criteria, such as personal statements, potentially serving as illegal proxies for race in admissions decisions, a practice the U.S. Supreme Court has declared unconstitutional.

“The persistent lack of available data—paired with the rampant use of ‘diversity statements’ and other overt and hidden racial proxies—continues to raise concerns about whether race is actually used in admissions decisions in practice,” President Donald Trump wrote in an August 2025 memorandum to the secretary of education.

In a proposed compact offered to nine institutions in exchange for preferential access to certain federal funding opportunities, the Trump administration also demanded that they require standardized test scores as part of the admissions process.

The proposal further urged schools to publicly release anonymized admissions data, including applicants’ GPAs, standardized test scores, and other academic measures, broken down by race, national origin, and sex.

Despite the revival of testing requirements at some elite institutions, test-optional admissions remain widespread nationwide.

According to FairTest, an advocacy group opposing the use of standardized testing in college admissions, more than 90 percent of ranked four-year colleges and universities in the United States will not require applicants to submit SAT or ACT scores for fall 2026 admissions. The organization’s survey covered approximately 2,000 four-year institutions.

Tyler Durden Mon, 06/15/2026 - 18:50
Tyler Durden

Power Transformer Lead Times Hit Record Highs As US Grid Equipment Shortage Deepens

Zero Rss
2 months ago
Power Transformer Lead Times Hit Record Highs As US Grid Equipment Shortage Deepens

By West Garrett of Industrial Sage

Summary:

  • Power transformer lead times now average 128 weeks — nearly 2.5 years — with generator step-up transformers averaging 144 weeks
  • Prices for power transformers have risen 77% since 2019, driven by surging demand and constrained raw material supply
  • Cleveland-Cliffs is the only domestic producer of grain-oriented electrical steel, the specialized material transformers require
  • Demand for generator step-up transformers has grown 274% since 2019, outpacing any increase in manufacturing capacity
  • For industrial developers, equipment availability has replaced capital and permitting as the primary constraint on project timelines
  • Roughly 80% of large power transformers used in the U.S. are imported, exposing critical infrastructure to global supply chain pressures

Power transformer lead times have reached levels that are now dictating the pace of industrial expansion across the United States. According to Wood Mackenzie’s second quarter 2025 survey, standard power transformers average 128 weeks for delivery. Generator step-up transformers, which connect large power generation assets to the grid, average 144 weeks. Some orders extend to four years.

For plant operators, energy developers, and infrastructure planners, that math has a direct consequence: a facility that breaks ground today cannot energize its electrical systems on a standard timeline. Equipment availability has become the gating factor for industrial growth, replacing capital availability and permitting as the primary project constraint.

Power Transformer Lead Times: What the Numbers Actually Mean

128 weeks is nearly two and a half years of wait time before a transformer ships. That figure comes from actual utility and developer order data, not theoretical capacity projections. Generator step-up transformers, which are larger and more specialized, run even longer at 144 weeks. The North American Electric Reliability Corporation reported lead times crossing 120 weeks in 2024, and the trend has continued upward into 2025.

The cost pressure is equally significant. Power transformer prices have risen 77% since 2019, according to industry sourcing data. Distribution transformer prices have climbed 78% to 95% over the same period. The underlying material drivers are straightforward: grain-oriented electrical steel prices have roughly doubled since 2020, and copper prices have risen more than 50%. Both materials are core inputs in every transformer manufactured.

The demand surge is not temporary. Generator step-up transformer demand has grown 274% since 2019. Power transformer demand has grown 119% over the same period. AI data center construction, large-scale electrification of industrial processes, and grid modernization programs are all pulling from the same constrained supplier base simultaneously.

The Cleveland-Cliffs Bottleneck: One Domestic Supplier for Critical Steel

The transformer shortage is not simply a volume problem. It has a structural bottleneck at the material level. Transformer cores require grain-oriented electrical steel, a highly engineered material that gives the steel specific magnetic properties needed for efficient power transformation. In the United States, Cleveland-Cliffs is the only domestic producer of this material, operating plants in Pennsylvania and Ohio.

That concentration means that every U.S. transformer manufacturer drawing on domestic steel supply draws from a single source. When that source faces capacity constraints, pricing pressure, or supply disruptions, the effect ripples through the entire domestic transformer manufacturing base immediately. Roughly 80% of large power transformers used in the U.S. are imported, primarily from Mexico, South Korea, and other international manufacturers, creating additional exposure to global trade conditions.

The Biden administration awarded Cleveland-Cliffs $500 million to upgrade its electrical steel plants under the CHIPS and Infrastructure framework. Key elements of that grant have since been reviewed under the current administration, adding uncertainty to the domestic steel expansion timeline.

Who Is Driving the Demand Surge

Three distinct demand categories are converging on the same equipment market at the same time:

  • AI data centers: Hyperscale data center construction requires massive electrical infrastructure. A single large AI training cluster can require hundreds of megawatts of power delivery, each requiring transformers at multiple points in the distribution chain.
  • Industrial electrification: Manufacturing facilities converting from fossil-fuel-powered processes to electric systems require new transformer capacity at the facility level, compounding grid-level demand.
  • Grid modernization: Aging transmission infrastructure across the U.S. requires transformer replacement at a scale that was already behind schedule before the AI and electrification waves arrived.

These three demand categories do not share a common peak cycle. They are all active simultaneously, and none shows signs of near-term deceleration.

What Industrial Leaders Should Do Now

The strategic implication for any organization with capital projects in the pipeline is straightforward: equipment procurement planning must now precede, not follow, project financial approval. Waiting until a project clears its budget and permitting phase to begin transformer sourcing can add two to four years to a project timeline before the first piece of steel is bent on site.

Long-term supply agreements with transformer manufacturers are becoming a competitive tool. Organizations that lock in delivery slots years in advance gain a scheduling advantage that cannot be bought at spot pricing once a project is ready to execute. Similarly, projects with flexibility on grid interconnect timing may benefit from engaging utilities earlier in the planning process to understand equipment delivery realities.

The domestic manufacturing response is underway: nearly $2 billion has been directed toward North American transformer production expansion, with new capacity from Hitachi Energy, Siemens Energy, and others projected to come online by 2028. However, that capacity does not solve the current shortage. Projects executing between now and 2028 face the current market as it exists today.

IndustrialSage tracks domestic infrastructure investment and supply chain constraints through the US Manufacturing Investment Tracker. For additional context on grid infrastructure and industrial power, visit the IndustrialSage news section. This story was covered on IndustrialSage Headlines Episode 23.

Frequently Asked Questions: U.S. Power Transformer Shortage How long are power transformer lead times right now?

As of the second quarter of 2025, standard power transformers average 128 weeks for delivery. Generator step-up transformers average 144 weeks. Some specialized orders are extending to four years. These are verified order-based averages from Wood Mackenzie’s industry survey, not theoretical estimates.

Why are transformer lead times so long?

Demand has outpaced manufacturing capacity across all transformer categories simultaneously. Generator step-up transformer demand grew 274% since 2019. Power transformer demand grew 119%. Meanwhile, domestic manufacturing capacity has not scaled proportionally, and the sole U.S. producer of the required grain-oriented electrical steel faces its own capacity limits.

How much have transformer prices increased?

Power transformer prices have risen 77% since 2019. Distribution transformer prices have risen 78% to 95%. Generator step-up transformer prices have risen 45%. The increases reflect both raw material cost inflation and the pricing power that comes with constrained supply against surging demand.

Who makes grain-oriented electrical steel in the United States?

Cleveland-Cliffs is the only domestic producer of grain-oriented electrical steel, operating facilities in Pennsylvania and Ohio. This concentration creates a single point of supply constraint for all U.S. transformer manufacturers relying on domestic steel. Approximately 80% of large power transformers used in the U.S. are imported, reflecting the limited domestic manufacturing base.

What is driving the surge in transformer demand?

Three concurrent demand waves are driving the surge: AI data center construction requiring massive power delivery infrastructure, industrial electrification converting fossil-fuel processes to electric systems, and grid modernization replacing aging transmission infrastructure. These three categories do not share a common peak cycle, and all are active simultaneously.

What should industrial planners do about transformer lead times?

Equipment procurement planning must precede project financial approval. Waiting until a project clears budget and permitting to begin transformer sourcing can add two to four years to the execution timeline. Long-term supply agreements and early utility engagement on grid interconnect timing are the two most effective tools available in the current market.

 

Tyler Durden Mon, 06/15/2026 - 18:25
Tyler Durden

Newsom Announces He's Being Investigated By Trump Justice Department

Zero Rss
2 months ago
Newsom Announces He's Being Investigated By Trump Justice Department

California Gov. Gavin Newsom announced Monday that the Department of Justice has opened an investigation into him and his wife, claiming the probe is political retaliation as he weighs a bid for president in 2028.

"In recent days, federal agents have knocked on the doors of family, friends, and former employees, not because they found a crime, because they're simply trying to find one," Newsom said in a video posted to X.

In recent days, federal agents have knocked on the doors of family friends and former employees.

Not because they found a crime. Because they are simply trying to find one.

They are demanding records.

They are abusing the grand jury process.

Digging through years and years of random documents.

— Gavin Newsom (@GavinNewsom) June 15, 2026

"They're demanding records, they're abusing the grand jury process, digging through years and years of random documents. Donald Trump isn't just coming after me because of my mean tweets, he's coming after me because I'm considering running for president, because he hates that I've consistently called him out over and over again for his lies and deceit."

"Donald Trump is simply the most corrupt president in American history," the governor added.

The White House declined to comment when reached by the New York Post.

"He's coming after my wife, Jen, a public servant, a woman who's dedicated her life to supporting women and girls, someone who has done nothing wrong other than having the temerity to advocate for what she believes in," Newsom said. "If they can't intimidate me, they'll go after the mother of our children. Donald Trump picked the wrong target. We have nothing to hide."

Newsom said Trump's "political operatives can take every record and read every page," but said they "will be looking in the wrong place."

"Because if they really want to find corruption, look no further than 1600 Pennsylvania Ave.," he said, before accusing Trump of using the White House to enrich himself.

"Donald Trump is selling the presidency. He's running the largest cash heist in American political history, trading foreign tariff relief for approval of his golf courses, day trading behind the Resolute Desk, reaping hundreds of millions of dollars in personal profit," the governor said. "And he's doing it openly, he's doing it on camera. He did it last night on the White House lawn. He's doing it through crypto currencies, he's doing it through the receipt of a $400 million private jet from a foreign government that he plans to keep when he leaves office through his son's ventures in countries where his own administration is simultaneously making policy."

Earlier this year, President Trump launched a sweeping "Fraud Investigation of California," blasting the state for wasting and potentially stealing billions in federal taxpayer dollars. California officials, including Newsom, have whined that the probes are nothing but political revenge.

New: A source familiar with the situation tells me that there are “several investigations” ongoing relating to Gov. Gavin Newsom — I’m told they are focused on his wife’s taxes + his chief of staff. They did not originate from the main DOJ, but are out of Sacramento and involve…

— Shelby Talcott (@ShelbyTalcott) June 15, 2026

Federal prosecutors say the state's hospice industry is absolutely riddled with fraud, with Los Angeles County alone responsible for a staggering 18% of the entire nation's home health care billing. Officials estimate up to $3.5 billion in potential fraud, including one crooked doctor who reportedly billed $120 million in a single year for just 1,900 patients.

U.S. First Assistant Attorney Bill Essayli didn't hold back, ripping Newsom as the "king of fraud" for his disastrous oversight of $24 billion poured into homelessness programs in recent years with shockingly little to show for it.

 

Tyler Durden Mon, 06/15/2026 - 18:00
Tyler Durden

An Open Letter To Elizabeth Warren About Trillionaires And Inequality

Zero Rss
2 months ago
An Open Letter To Elizabeth Warren About Trillionaires And Inequality

Submitted by QTR's Fringe Finance

Dear Senator Warren,

When I watched your recent video on X about Elon Musk becoming the world’s first trillionaire, I found myself in the unusual position of agreeing with you—at least in part. That is not a sentence I write often.

You see…you are correct that something has gone profoundly wrong in an economy that can produce a trillionaire. You are correct that the gap between the financial elite and ordinary Americans has become so vast that most people can barely comprehend it. And you are correct that millions of Americans increasingly feel as though the economy is rigged in favor of a small group of people at the top.

According to The Wall Street Journal, there are now roughly 430,000 American households worth more than $30 million, including approximately 74,000 households worth over $100 million. The growth of these groups has dramatically outpaced overall population growth over the past several decades.

You are correct that the wealth inequality gap is widening quickly:

Where I part ways with you is on the question of why.

You see Elon Musk’s wealth and conclude that the problem is Elon Musk. I see Elon Musk’s wealth and conclude that the problem is the system that made such wealth possible in the first place. Those are very different diagnoses, and they lead to very different solutions.

The irony is that I suspect we agree on more than either of us would like to admit. I do not believe it is healthy for today’s society to have trillionaires. When comparing Musk’s wealth to the next richest person on the Bloomberg Billionaires Index, where the difference in rankings is $20 billion or so among the top 10 richest, there is a massive $800 billion difference. 40 times the average of the rest of the list. That should raise eyebrows.

I do not believe an economy is functioning normally when wealth accumulates on that scale. I do not believe it is sustainable for financial assets to appreciate so rapidly while wages struggle to keep pace. And despite being a Republican who has frequently defended markets, capitalism, and entrepreneurship, I find the emergence of this trillionaire fortune difficult to view as evidence of a healthy economic order.

But where you see a trillionaire problem, I see a monetary policy problem.

For years, Americans have been told a story about wealth inequality. The story goes something like this: billionaires are getting richer because they are hoarding wealth, exploiting workers, avoiding taxes, and accumulating ever greater control over the economy. There is some truth in parts of that narrative. Human nature has not changed. Powerful people have always sought more power, and wealthy people have always sought more wealth.

What the story leaves out, however, is the role of the institutions that have systematically inflated the value of financial assets for decades. One of the strangest things in American politics is that everyone wants to talk about wealth inequality until the conversation reaches the actual source of it.

The modern American economy is built on a foundation of cheap money. Whenever markets stumble, politicians demand intervention. Whenever economic growth slows, politicians demand intervention. Whenever unemployment rises, politicians demand intervention. The Federal Reserve responds with lower interest rates, asset purchases, liquidity programs, and other mechanisms designed to support economic activity and financial markets.

The result is entirely predictable. More money creation, which leads to more price inflation, which hits financial assets first, which benefits the “haves” and not the “have nots”.

Aside from money creation, when interest rates are pushed lower, investors seek returns elsewhere. Money flows into stocks. Money flows into real estate. Money flows into private equity, venture capital, and speculative assets. Valuations rise. Asset prices rise. Balance sheets expand. The people who own those assets become wealthier, often dramatically so.

The people who rely primarily on wages do not.

This is not a conspiracy theory, it is simply the mathematical reality of how asset inflation works. If stocks rise faster than wages, stockholders become richer relative to workers. If housing prices rise faster than incomes, homeowners become richer relative to renters. If financial assets appreciate because trillions of dollars are flowing into the system, then the people who own financial assets will inevitably pull further away from everyone else.

That is exactly what has happened. As I have recently written about, our public markets have become distorted beyond recognition as a result of money printing. The fundamental rules of economics, math and money no longer apply when trillions can be printed in hours. The Fed has launched us into a reality distortion field and that’s why stocks are the most overvalued they have ever been…and yet liquidity still keeps coming from somewhere.

This overvaluation as a result of money printing is what emboldens bankers, the financial media, exchanges and analysts to tacitly bless one of the most aggressively (and insanely) overvalued IPOs in modern history without batting an eye. It is what made SpaceX “worth” more, quicker, than most other companies before going public, despite hemorrhaging billions in cash instead of turning a consistent profit.

The wealth gap that concerns you did not emerge from nowhere. It did not appear because Elon Musk woke up one morning and decided to become worth a trillion dollars. It emerged from decades of policies that consistently rewarded ownership of assets more than productive labor. And by new policies being put in place that quickly link unprofitable public companies to the retirement accounts of average Americans.

And this is where your critique becomes frustrating. You identify the outcome correctly. You recognize that wealth concentration has reached extraordinary levels. You understand that many Americans feel excluded from the prosperity they are constantly told exists. Yet when it comes time to identify the cause, your focus immediately shifts to the people benefiting from the system rather than the system itself.

Your solution is a wealth tax. Then it is an AI tax. Then it is another tax. Then another. The underlying machinery is almost never discussed.

What makes this particularly difficult to take seriously is that the policies that contributed to this environment have enjoyed bipartisan support. Republicans share responsibility. Democrats share responsibility. Donald Trump has publicly pushed for lower interest rates. Many Democrats, including yourself, have repeatedly supported monetary policies aimed at stimulating economic activity through easier financial conditions.

The underlying direction has been remarkably consistent: both parties have become dependent on asset appreciation. Both parties celebrate rising stock markets. Both parties fear the consequences of allowing markets to fully clear. Both parties prefer the short-term benefits of easy money to the long-term consequences of asset inflation. And then both parties act surprised when wealth inequality worsens.

So can we just cut the act at this point?

The truth is that Elon Musk is not the architect of this system. He is one of its most successful participants. He did not invent quantitative easing. He did not establish the Federal Reserve’s framework. He did not create an economy in which every financial downturn is met with demands for intervention. He did not spend decades encouraging policies that inflated asset values across the board. He simply rode the wave.

But you have to ask, what type of system allows a man to be worth $1 trillion when the sumtotal of all of his companies’ profits dating back decades is barely $30 billion?

ou can criticize Musk for his public market hustle. You can criticize his behavior, his politics, his business decisions, or his public statements. But blaming Musk for the existence of the wave itself is like blaming a surfer for the tide. The larger question is why the wave became so enormous to begin with.

Why are valuations reaching levels that previous generations would have considered absurd? Why are financial assets appreciating so much faster than the real economy? Why does every crisis seem to result in more intervention, more liquidity, and more upward pressure on asset prices? Why is it that the people closest to financial markets consistently emerge as the biggest winners?

These are the questions that should be dominating the discussion about inequality. Instead, our politics increasingly revolves around personalities. The billionaire becomes the headline, the outrage becomes the story, yet the underlying incentives remain untouched.

That is unfortunate because I believe your instincts are partially correct. There is something unhealthy about a society that produces trillionaires right now. There is something unhealthy about a system in which asset ownership increasingly determines economic outcomes. There is something unhealthy about a financial structure that appears to reward speculation more aggressively than productive work.

Where you lose me is when you conclude that the answer is simply to tax the visible winners more heavily.

🔥 80% Off If You Subscribe Today. This coupon allows for 80% off of annual subscriptions and results in a 85% savings over paying the monthly rate for a subscription to the blog. You keep the discounted rate for as long as you wish to remain a subscriber.: Get 80% off forever

f the machine continues operating exactly as it does today, new trillionaires will emerge. If asset inflation continues to outpace income growth, wealth concentration will continue. If monetary policy remains focused on supporting financial assets whenever they come under pressure, inequality will continue to widen regardless of how many new taxes are created.

You cannot permanently solve a structural problem by targeting its most visible beneficiaries.

That is why your recent comments strike me as an example of getting the right answer to the wrong question. Yes, something is broken. Yes, the gap between ordinary Americans and the financial elite is becoming unsustainable. Yes, the emergence of trillionaire fortunes should force us to ask difficult questions about the economy.

But the first question should not be, “How do we punish the trillionaire?”

The first question should be, “What kind of economic and monetary system produces trillionaires in the first place?”

Until policymakers are willing to confront that question honestly, the cycle will continue. Asset prices will rise. Wealth concentration will increase. Politicians will express outrage. Billionaires will become convenient villains. New taxes will be proposed. And the underlying forces driving inequality will remain largely untouched.

If you genuinely want to reduce wealth inequality, Senator, start with the institutions and policies that inflate asset values across the economy. Start with the monetary framework that has helped make financial assets the primary engine of wealth creation. Start with the bipartisan addiction to easy money and perpetual intervention.

Because if Elon Musk’s trillion-dollar fortune is evidence that something is broken, then the real culprit is not the man standing at the top of the mountain. It is the system that spent decades building the mountain beneath him.

Respectfully yours,

QTR

--

QTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.

This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions.

As of May 20, 2026 I personally no longer actively trade (read my story here). My investing/saving is done by recurring contributions mostly to sector ETFs and a few select equities, trusted third parties who oversee my accounts, and advisors. Such advisors or funds, through individual equities, options, index funds, mutual funds, ETFs, or other securities, may have positions in, exposure to, or holdings of names mentioned herein that I know nothing about. Basically, via index funds, ETFs and individual equities it is possible I could own, have exposure to, or not own anything at any point. As of the same date, May 20, 2026, in an attempt to lead a healthier lifestyle, I’ve also excluded myself from fantasy sports, sports betting, online and in-person casinos and prediction markets.

And all positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. If you see numbers and calculations of any sort, assume they are wrong and double check them. I failed Algebra in 8th grade and topped off my high school math accolades by getting a D- in remedial Calculus my senior year, before becoming an English major in college so I could bullshit my way through things easier.

The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.

Tyler Durden Mon, 06/15/2026 - 17:40
Tyler Durden

Anthropic Accused In Lawsuit Of Lying About $200 Per Month '20x' Plan

Zero Rss
2 months ago
Anthropic Accused In Lawsuit Of Lying About $200 Per Month '20x' Plan

A federal class-action lawsuit filed Monday accuses Anthropic of misleading customers about the real usage limits on its high-end Claude AI subscriptions. The suit, brought on behalf of Washington D.C. subscriber Karl Kahn and others who bought the Max 5x and Max 20x plans since April 2025, claims the company oversold how much computing power buyers would actually receive.

The lawsuit - filed Monday in the Northern District of California on behalf of Washington DC resident Karl Kahn and others who subscribed to the plans since April 2025 - targets Anthropic's Max 5x and Max 20x tiers priced at $100 and $200 per month respectively. It accuses the company of misleading customers by advertising these plans as providing five and twenty times the usage capacity of the standard Pro subscription, when in reality the actual limits fall well short of those claims. The allegations draw heavily from emails Anthropic sent to subscribers in July 2025 that outlined the expected weekly usage allowances for each tier at the time.

According to the complaint, Kahn upgraded to the Max 20x plan in April of this year after increasing his reliance on Claude for coding work. He soon discovered he was exhausting his weekly limits rapidly, including burning through 15 percent of his allowance during a single five-hour session. The suit seeks refunds for affected customers and a judicial finding that Anthropic's marketing of the high-tier plans was fraudulent.

Allegations

Kahn initially used Claude for personal tasks but later relied on it heavily for coding. After upgrading, he repeatedly hit usage walls and had to stop work, ration prompts, or buy extra credits to finish projects, according to the complaint. The lawsuit says the actual limits are difficult to predict and consistently lower than what was promised when the plans were marketed as giving five or twenty times the capacity of the standard Pro subscription.

"The actual usage provided by the Max 5x and Max 20x plans is far below the advertised amount of usage," reads the lawsuit, that claims Kahn "found himself needing either to halt his work, ration his usage, or purchase additional usage to ensure that he could complete his work." 

Anthropic has not commented on the suit, according to the Wall Street Journal. The company offers free access plus paid tiers, with the Pro plan running $17 to $20 a month. The higher Max plans were positioned for power users needing substantially more compute.

This lawsuit arrives amid mounting frustration with AI subscriptions and tokenomics. Power users and even large enterprises have complained for months about unpredictable rate limits, especially on coding workflows - with several documented cases of extreme overspending, including one unnamed Anthropic client (Amazon?) that racked up roughly $500 million in Claude charges in a single month after failing to cap employee usage.

Compute scarcity remains a core issue across the sector. A surge in demand earlier this year strained systems at Anthropic and rivals, producing outages and tighter limits even for paying customers. At the same time, companies are racing to launch new models ahead of expected IPOs while navigating new government restrictions. Days before this suit, the Trump administration banned foreign governments, companies, and individuals from accessing Anthropic's most powerful models after Amazon discovered a way to jailbreak the company's Fable AI into its unrestricted form - Mythos, forcing the company to shut off certain access to comply.

On Sunday, Anthropic execs scrambled to DC to triage the situation. 

Fable 5 launched on June 9 as the first broadly available "Mythos-class" model, the public-facing version of a system Anthropic had previously kept behind a vetted-access wall because of its cyber and biological capabilities. Mythos 5, the same underlying model with some safeguards removed, stayed reserved for cleared cybersecurity partners. Fable 5 was the middle path: Mythos-grade capability, Anthropic said, with guardrails strong enough for general release. The company put it on the API, made it generally available on Amazon Bedrock and GitHub Copilot, and folded it into Pro, Max, Team, and Enterprise plans at no extra charge through June 22.

I’ve had a number of conversations with folks inside and outside government about the current situation with Anthropic, and here is what I believe to be true:

— As we know, Anthropic publicly released its Mythos class models earlier this week under the commercial name Fable.…

— David Sacks (@DavidSacks) June 13, 2026 Tyler Durden Mon, 06/15/2026 - 17:20
Tyler Durden

RFK Jr. Warns Vaccine Committee Not 'Functioning', Asks Court To Accelerate Decision

Zero Rss
2 months ago
RFK Jr. Warns Vaccine Committee Not 'Functioning', Asks Court To Accelerate Decision

Authored by Zachary Stieber via The Epoch Times,

The committee that advises the Centers for Disease Control and Prevention on vaccines has been paralyzed by a March ruling by a federal judge, leaving it unable to carry out work ahead of the upcoming respiratory virus season, Health Secretary Robert F. Kennedy Jr. has warned.

Health Secretary Robert F. Kennedy Jr. in Minneapolis on May 21, 2026. David Berding/Getty Images

"The court's order has left ACIP unable to carry out its core responsibilities," Kennedy said in a June 12 post on X, referring to the Advisory Committee on Immunization Practices (ACIP). "As a result, the committee cannot issue new recommendations, review newly approved vaccines, or complete important work ahead of the fall flu season."

Influenza and other viruses typically circulate each year in the fall and winter.

The ruling in question was released on March 16 by U.S. District Judge Brian Murphy, who concluded that Kennedy and other officials did not take necessary steps when making changes to federal vaccine guidance and the composition of ACIP.

Murphy stayed the changes the CDC issued in January, the appointments of new ACIP members by Kennedy, and the votes that were taken by those members.

The Trump administration appealed the ruling on April 29.

Government lawyers asked the U.S. Court of Appeals for the First Circuit on June 12 to speed up its consideration of the matter.

"A single district judge has frozen the architecture of the national immunization system," they said, adding that Murphy's order means "the committee cannot supply, change, or withdraw a vaccine recommendation - for any vaccine or population - until the stay is lifted."

A similar panel that advises the Food and Drug Administration is slated to meet on June 18 to consider clearing a new influenza vaccine, and if officials end up clearing it, then ACIP would need to issue a recommendation on which populations should receive it, the motion to expedite noted. ACIP also usually provides recommendations on seasonal influenza vaccination before the fall.

The CDC typically accepts ACIP's advice.

The administration also pointed to Trump's June 3 executive order, which directs the CDC and ACIP to update the childhood vaccination schedule. Currently, the committee cannot carry out the order, lawyers said.

Under the proposed briefing schedule, briefs would be filed in June and July, the appeals court would hear oral argument in August, and the court would issue a decision "as soon as practicable" after that.

The American Academy of Pediatrics and other groups that sued over the vaccine guidance changes oppose speeding up the appeal, according to the motion. They have said the judge ruled correctly in deciding that Kennedy's remade ACIP was unbalanced and that the January changes should not have been made absent advice from ACIP.

"A functioning ACIP is essential to ensuring that vaccine recommendations remain grounded in evidence and available to the families and providers who rely on them," Kennedy added in the post on X.

A girl receives the flu vaccination shot from a nurse at a free clinic held at a local library in Lakewood, Calif., on Oct. 14, 2020. Mario Tama/Getty Images Tyler Durden Mon, 06/15/2026 - 17:00
Tyler Durden

B-52 Bomber Crashes After Take-Off From Edwards Air Force Base In California

Zero Rss
2 months ago
B-52 Bomber Crashes After Take-Off From Edwards Air Force Base In California

A U.S. Air Force B-52 bomber aircraft crashed shortly after taking off from Edwards Air Force Base in California, the base said in a statement Monday.

“A United States Air Force B-52 Stratofortress crashed shortly after takeoff on the Edwards airfield at 11:20 a.m.,” the base said in a post on Facebook.

“Emergency crews immediately responded to the scene and the situation is ongoing.”

It’s unclear if there were any injuries or what caused the crash.

The base did not provide any further details in its statement, adding that more information will be provided when it becomes available.

“Please join me in praying for the B-52 crew at Edwards Air Force Base and the entire Edwards community,” said Rep. Vince Fong (R-Calif.) in a post on X.

Video footage of the incident showed the smoldering wreckage of the plane at the base, which is located in both Kern and San Bernardino counties.

BREAKING: Initial reports indicate a U.S. Air Force B-52 Stratofortress crashed shortly after takeoff from Edwards Air Force Base. Emergency crews are responding to the scene. Details remain limited. pic.twitter.com/3NT4P06Mph

— Breaking911 (@Breaking911) June 15, 2026

As Jack Phillips reports for The Epoch Times, the B-52 Stratofortress is a long-range bomber that was introduced in the 1950s as a central part of U.S. air power.

The planes are capable of carrying conventional and nuclear weapons, and they have been used in a range of U.S. military confrontations, most recently in the war with Iran.

The bomber usually has a crew of five, including a commander, pilot, radar navigator, navigator, and electronic warfare officer. It also can carry a payload of up to 70,000 pounds and has a range of 8,800 miles, the Air Force says.

The Air Force says it is expecting to operate B-52s until the year 2050.

Both the Air Force and NASA carry out test flights of new and experimental aircraft at the air base, which is located in the Mojave Desert, according to its website.

Earlier this month, NASA’s X-59 experimental aircraft flew faster than the speed of sound in a milestone event at Edwards Air Force Base, the space agency said.

The crash is one of several involving the U.S. military that have occurred in the past few weeks. 

On May 17, two Navy EA-18G Growlers collided with one another in midair in an air show at Mountain Home Air Force Base in Idaho, the military said. 

Over the past weekend, a military plane crashed near Mount Rainier in Washington state during a training flight, local officials said.

Before the crash on Monday, the most recent fatal incident involving a B-52 occurred in 2008, when six Air Force members died when a bomber crashed into the Pacific Ocean after taking off from a base in Guam. The plane was due to take part in a parade flyover.

Tyler Durden Mon, 06/15/2026 - 16:40
Tyler Durden

Monsters Far And Near

Zero Rss
2 months ago
Monsters Far And Near

Authored by James Howard Kunstler,

“We used to say that we don’t know what 2050 will look like. Now it’s more like we don’t know what 2030 will look like.”

- Jesus Enrique Rosas

You must be thinking that reality is pushing its luck with the president bringing this Iran business - a war, actually, let’s face it - to a favorable conclusion around dinner time Sunday evening (yawn) and then Mr. DJT sliding directly into his seat on the White House lawn to enjoy the special 80th birthday edition of Testosterone Gone Wild, that is, a full card of tattoo-bedizend savages beating the crap out of each other UFC style, like it was a Hooters parking lot on wife-swap night. . . why, it just doesn’t get more surreal than that.

Imagine what Victoria Nuland, Robert Reich, George Stephanopoulis, Elizabeth Warren, and other good folks of that ilk must be thinking. The. . . (Sputter sputter) indelicacy of it all! A freaking peace deal, and now this low-rent spectacle of ultra-violence! Like their whole world had turned out to be the meanest, lowest, most sordid backwater of the Marvel Comics universe where no one has ever heard of chardonney. The ape-men slugging, kicking, gouging, and head-butting each other half to death is one thing. . . but to let the slip the opportunity to continue the Iran War with its downstream emoluments for another nineteen years. . . well, now that is an affront to all that is holy in the sub-basements of Foggy Bottom and the broom closets of Langley. As you read this on Monday morning the cries for impeachment will be ringing across the District of Columbia like calls to prayer in Mamdani’s Caliphate on the Hudson.

Surely, you’ll get more details on the Iran deal as Monday spins out, but the terms look not bad at all for Western Civ in the news media’s early shorthand reports:

Teheran pledges no nukes, ever, no how, no way. They will allow their cache of super-enriched uranium to be destroyed.

The Strait of Hormuz will reopen promptly, free to international shipping, no tolls, no piratical monkey-business.

No more Iran funding terrorist proxy groups. That means you Hezbollah, Hamas, the Houthis, and sundry cadres of jihadi maniacs ‘out there’ in the world’s hotspots.

Speaking of which, Mr. Netanyahu felt the president’s wrath earlier on Sunday (once again) when he replied to a Hezbollah rocket salvo out of Lebanon with air strikes. But, hey, everybody knows that Israel always and ever answers every attack against it no matter what, because Never Again. Even Mr. Trump knows that, so the whole flap was a sort of mummery. Obviously, Hezbollah must be anxious to wreck the peace deal, since without Iran’s ongoing largess they will not know where their next meal is coming from, not to mention their next shipment of missiles. If Iran actually complies with the deal, Hezbollah can have no more support. There may soon be no more Hezbollah. (Boo-hoo.)

Which raises the next obvious concern, namely, Iran is not known for keeping its word with The Great Satan (us). There is every reason to believe that the vaunted deal is just another sorry episode of them stringing the USA along, playing us. But Mr. Trump has made it clear he reserves the option to rev up the bombers and “do a number on” the Islamic Republic if they pull a fast one on this.

For its part, Iran is crowing in its own state-controlled press that it has won the war. Iran can say whatever it wants to — world opinion will probably not be fooled — if it makes the people running the joint feel good about themselves losing a war. It’ll be Iran’s actions that matter. There’s a chance, perhaps a low-percentage chance, but a chance nonetheless, that Iran has been persuaded to stop being insane.

They do have an opportunity to put jihad aside, sell oil and pistachios to the world, and try being a normal nation for a change.

It’s asking a lot, I’m sure, but there’s a lot in it for them. If they actually showed a serious attitude adjustment, you can bet that Mr. Trump would offer help setting up bigly capital investments there, enabling new trade relations, and easing them back into a world of non-insane, sovereign polities with reality-based interests.

He already invited them to join the Abraham Accords, to establish full diplomatic relations with the other signers, embassies, direct flights, trade, tourism, and security cooperation.

So, let’s stand by and see if the Memorandum of Understanding gets signed later this week. The president is winging to Geneva for the G-7 as I write. The other parties to the deal are on their way there, too.

The face to face meet-up between the American President and whoever Iran sends to the ceremony will be more thrillingly momentous than any pairing of UFC cage fighters on the White House lawn.

In fact, I’m awfully glad that over-the-top extravaganza is done with.

The triumphalism is disconcerting.

We still have a very serious cold civil war to deal with here in the Homeyland, and a national mental health crisis that turns US daily life into a real time horror movie from sea to shining sea.

The party of “our democracy” still works avidly to overthrow the republic, and extravagant sports entertainments will not avail to make that stop.

We need perp walks and trials. . .sober business. . .a cold reckoning with our own monsters.

 

Tyler Durden Mon, 06/15/2026 - 16:20
Tyler Durden

Saylor's Strategy Buys Another $100 Million Of Bitcoin

Zero Rss
2 months ago
Saylor's Strategy Buys Another $100 Million Of Bitcoin

Authored by Helen Partz via CoinTelegraph.com,

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its cryptocurrency reserves last week as BTC continued to trade below the company’s average cost basis of about $75,700.

Strategy acquired 1,587 Bitcoin (BTC) for $100 million between June 8 and Sunday, according to Monday's 8-K filing with the US Securities and Exchange Commission.

Source: SEC

The purchase was made at an average price of $63,024 per Bitcoin, bringing the company’s overall average cost basis slightly lower to $75,656.

With the latest buy, Strategy now holds 846,842 BTC, accumulated at a total cost of $64.07 billion.

At the current price of about $66,216 per bitcoin, those holdings are worth roughly $56.1 billion, according to CoinGecko data.

MSTR sales behind the purchase

Similar to the previous 1,550 BTC acquisition announced last Monday, Strategy funded the latest acquisition through sales of its Class A common stock (MSTR).

In the filing, the company said it raised about $209 million by selling 1.73 million MSTR shares during the period. Preferred share programs, including STRC, STRF, STRK and STRD, showed no activity during the week.

According to STRC.live, a tracker of Strategy’s preferred stock programs, STRC traded below its $100 par value for a fourth consecutive week as of June 12. The stock remained in the mid-$96 range, marking its longest stretch below par since launch.

STRC closed at $94.80 on Friday, down around 1%, according to TradingView data.

Source: STRC.live

Strategy executive chairman Saylor hinted at the latest purchase in a post on X on Sunday, writing, “Still adding dots,” a phrase investors have come to associate with the company’s upcoming Bitcoin acquisitions.

Source: Michael Saylor

The latest buy comes about two weeks after Strategy disclosed the sale of 32 BTC on June 1, its first reported Bitcoin sale in years. While the transaction represented only a tiny fraction of the company’s holdings, the sale ignited debate in the community, with some industry observers questioning whether the company was moving away from its long-standing buy-and-hold approach.

Saylor recently defended the sale, telling Cointelegraph that Bitcoin treasury companies must retain the ability to sell holdings to support dividend-paying securities.

Tyler Durden Mon, 06/15/2026 - 15:45
Tyler Durden

US Property Foreclosure Filings Increase 14% Year Over Year

Zero Rss
2 months ago
US Property Foreclosure Filings Increase 14% Year Over Year

Authored by Naveen Athrappully via The Epoch Times,

There were a total of 40,355 U.S. properties with foreclosure filings in May—down 5 percent month-over-month but up by 14 percent compared to the same period in 2025.

“The increase marks the continuation of a trend of rising foreclosure activity on an annual basis,” real estate analytics company ATTOM said in a June 11 statement.

In April, foreclosure filings were up 18 percent from a year back. And in the first quarter of 2026, filings were up 26 percent compared to Q1 of 2025.

“Lenders repossessed 4,092 U.S. properties through completed foreclosures (REOs) in May 2026, down 20 percent from the previous month but up 6 percent from a year ago,” ATTOM said.

Foreclosure is a legal process by which a mortgage lender repossesses a property due to borrower’s failure to make mortgage payments. The lender initially issues a notice of default when payments are missed for 90 days. If the borrower does not settle payments within 30 days, the property is repossessed and eventually sold to new buyers.

In May, one in every 3,562 U.S. housing units had a foreclosure filing, ATTOM reported. Florida had the highest foreclosure rate, with one in 2,110 units. This was followed by South Carolina, Maryland, Nevada, and Indiana.

Among metro areas with a population of at least 2 million, Cleveland, Ohio, had the highest foreclosure rate last month, with one in 1,524 housing properties. This was followed by Baltimore, Maryland; Tampa, Florida; Riverside, California; and Orlando, Florida.

As for states with the highest number of completed foreclosures, Texas ranked at the top with 519, followed by California, Florida, Illinois, and Michigan.

“Foreclosure starts and completed foreclosures both increased compared to last year, reflecting ongoing pressure on some homeowners as elevated mortgage rates, rising ownership costs, and affordability constraints persist,” CEO at ATTOM Rob Barber said.

“At the same time, foreclosure volumes remain well below historical norms, indicating that the housing market continues to show resilience despite these challenges.”

In a June 12 post, legal services company Nolo predicted foreclosure rates to gradually rise in the latter part of this year.

“Factors such as surging insurance premiums, elevated interest rates, climbing HOA fees, and reduced buyer demand are contributing to a growing housing crisis,” Nolo said. “Also, markets with high property taxes or economies that rely on volatile sectors (like Las Vegas, Nevada) are at risk of seeing an increase in foreclosures during tough economic times.”

The average weekly mortgage rate on a 30-year fixed-rate mortgage has remained above 6 percent for every single week since mid-September 2022, except for a brief dip in late February this year, according to data from Freddie Mac.

Meanwhile, the housing market slowed down in May after improving in April due to the increase in mortgage rates, real estate brokerage Redfin said in a June 3 statement.

The trend of rising foreclosures is likely to continue unless there is significant relief or intervention, Nolo said.

In February, a group of lawmakers reintroduced the Preserving Homes and Communities Act to protect homeowners from foreclosures, according to a Feb. 4 statement from the office of Sen. Jack Reed (D-R.I.).

The bill seeks to ensure that local entities with public missions, such as municipalities, states, and nonprofits, have the “first opportunity” to buy nonperforming and reperforming mortgages from the Federal Housing Administration, Fannie Mae, and Freddie Mac. Typically, such loans are sold at a discount to institutional investors and private equity companies via note sale programs.

The bill also seeks to make sure that borrowers receive a notice of at least 90 days before their mortgages are placed in note sales.

“Housing costs are higher than ever before and we need to make it easier for working families to keep a roof over their heads. The national data clearly shows that the current note sales system is not working properly and is prioritizing the wants of investors over the needs of homeowners,” Reed said.

The bill “will implement key reforms to strengthen foreclosure protections and better protect homeowners and communities,” the senator said.

The bill has been referred to the Senate Committee on Banking, Housing, and Urban Affairs.

Tyler Durden Mon, 06/15/2026 - 15:05
Tyler Durden

Three Factors Leave Salty-Snack Demand Stale

Zero Rss
2 months ago
Three Factors Leave Salty-Snack Demand Stale

UBS analyst Peter Grom, who covers U.S. consumer staples including packaged food, beverages, and household products, served up a sour outlook for the salty-snack category, warning that the recovery investors had hoped for remains further out than expected.

"Despite recent optimism around a potential recovery in salty snacks, our analysis would suggest the category remains challenged. While tracked channel growth has turned positive relative to prior periods, we have observed momentum beginning to moderate with L13W $ takeaway growth decelerating to +1.2% vs. the +3.4% peak growth seen earlier in the year," Grom began the note.

Grom pointed out that the salty-snack category remains under pressure from a confluence of headwinds, including rapid GLP-1 adoption, potential SNAP benefit reductions, and mounting macroeconomic challenges faced by cash-strapped consumers.

"The combination of GLP-1 adoption, potential SNAP benefit reductions, and broader consumer spending pressures tied to the current geopolitical conflict has weighed on snack demand," the analyst said.

Grom noted that the Nielsen data show little evidence of a robust recovery, with buy rates, purchase frequency, spending per trip, units per trip, and overall projected sales all slowing. The category is also losing share to "better-for-you" options. 

A Recovery Remains Uncertain

Snack trend down

He pointed out that competitive pressure has greatly intensified, adding that Pepsi remains the junk food king, with nearly half of category sales, but most large incumbents are generating flat-to-negative growth across tracked channels.

Pepsi's Frito-Lay North America food unit has experienced negative sales growth for much of the past year and continues to lose share despite investments in pricing, promotions, merchandising, and shelf space.

Another pressure point has been declining sales at convenience stores. He said C-store salty-snack sales, historically a strong growth engine, fell 3.5% in the latest 13 weeks as higher pump prices weighed on traffic and impulse purchases. Another headwind at C-stores has been the decline in SNAP sales.

Related consumer trend coverage:

  • Here's What Happened Inside Convenience Stores When Gas Hit $4

  • Here's What Happened Inside Gas Stations When Gas Hit $4

  • Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4

  • Energy Drinks Become Latest Casualty As Fuel Shock Shifts Consumer Behavior

One takeaway from Grom's note is that the confluence of pressures mentioned above has collided across the salty-snack aisle, derailing the recovery investors had hoped would take shape this year.

Professional subscribers can read more about consumer trends at our new Marketdesk.ai portal. 

Tyler Durden Mon, 06/15/2026 - 14:45
Tyler Durden

Trump Details Iran Deal At G7: No Nukes, Conditional Sanctions Relief

Zero Rss
2 months ago
Trump Details Iran Deal At G7: No Nukes, Conditional Sanctions Relief

Summary:

  • Iran will not have a nuclear weapon under the new deal.
  • The agreement includes strong policing and enforcement powers.
  • Trump: Obama’s JCPOA was a horrible deal that led toward a bomb.
  • Past U.S. payments to Iran were a failed bribe attempt.
  • Sanctions relief will only happen if Iran complies with terms.
  • Iran gets no money or relief just for signing the deal.
  • A deal has been electronically signed by Iran's Ghalibaf, according to US officials cited by CNBC
  • Opening the strait will take time due to mines, and to expect an increase in traffic in 1-2 weeks
  • Details to be released in 24-48 hours
  • Trump: Ships starting to move through strait or Hormuz
  • Vice President JD Vance Begins Optics Roadshow to Boost Investor Confidence On Deal 
  • Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening
Deal Done

CNBC is reporting that a deal between the US and Iran has been electronically signed by Iranian parliament speaker Mohammad Bagher Ghalibaf. According to an unnamed US official, the US-Iran MOU provides for the 'immediate' reopening of the Strait of Hormuz, however - while President Trump said earlier that ships were beginning to move, the US official then said that reopening the strait would 'take time' due to mines, and that we can expect an increase in strait traffic over the next 1-2 weeks. 

Trump addressed reporters and allies at the G7 summit in France on Monday, just hours after a major interim agreement with Iran that includes a 60-day ceasefire, the reopening of the Strait of Hormuz, and strict limits on Tehran’s nuclear program. Speaking alongside French President Emmanuel Macron, he repeatedly underscored that preventing Iran from obtaining a nuclear weapon was the central achievement of the deal.

“The main thing is that Iran will not have a nuclear weapon,” Trump said. “They fully agreed to that with strong policing powers.”

🚨 PRESIDENT TRUMP JUST NOW: "The main thing is that Iran will not have a nuclear weapon!"

"They fully agreed to that with strong POLICING powers and they won't have a nuclear weapon, which is what it was all about because they probably would have used it if they had it."

"So… pic.twitter.com/izXsxj7vkE

— Eric Daugherty (@EricLDaugh) June 15, 2026

He then compared it to the Obama-era JCPOA, calling the earlier agreement “a horrible deal for the United States” that had put Iran on “a road to a nuclear weapon” while sending billions of dollars to Tehran. Trump was also sharply critical of past U.S. cash payments to Iran, describing the $1.7 billion withdrawal from banks plus tens of billions in additional spending as a failed attempt to “bribe them to make a deal that didn’t work.”

🚨 BOOM! President Trump is now publicly OBLITERATING Barack Hussein Obama trying to "BRIBE" Iran with CASH to no success

"$1.7 billion was taken out of the banks and given to Iran and on top of that tens of billions of dollars was spent. So they tried to bribe them to make a… pic.twitter.com/uzp1r070kg

— Eric Daugherty (@EricLDaugh) June 15, 2026

On the current arrangement, Trump stressed that any sanctions relief would be strictly behavioral and tied to compliance rather than granted simply for signing. He noted improved relations with Iran’s current leadership and reported that the Strait of Hormuz is already partially open, with mines being cleared and commercial shipping set to resume fully by Friday. Markets reacted immediately, with stocks surging and oil prices posting their biggest drop in some time.

🚨 JUST IN: Overseas, President Trump says he's GETTING ALONG WITH IRAN, the market is SURGING and oil prices are DROPPING

47 just made massive history!

"The Strait is already partially open, as you know they're doing a little hunting for a couple of mines that they've already… pic.twitter.com/UAHoCs1JBn

— Eric Daugherty (@EricLDaugh) June 15, 2026

Trump also called for an end to fighting between Israel and Hezbollah, saying the long-running conflict “should NOT be tough” to address and that “we have to have a little talk with them.” Less than 24 hours after the Iran developments, he revealed he had already spoken with both President Zelensky and President Putin, describing the conversations as “very good” and expressing optimism that progress could be made to stop the bloodshed in Ukraine, where he noted roughly 25,000 people are dying each month.

🚨 HOLY CRAP! President Trump not even 24 HOURS after ending the Iran war just spoke with Putin and Zelensky to try and end the UKRAINE war

This man is going all-out for peace!

"Very good conversation yesterday with President Zelensky and President Putin. And I see maybe we can… pic.twitter.com/XDrhgQgyuT

— Eric Daugherty (@EricLDaugh) June 15, 2026

Details of the MOU will be released over the next 24-48 hours, though one US official said that the MOU contains 'possible' $300 billion in reconstruction funding. 

Ghalibaf notably came into public view for the first time in weeks in April to lead the Iranian delegation in talks in Islamabad with US Vice President DJ Vance - marking the highest-level contact between the two foes since before the 1979 Islamic revolution. 

Trump

President Trump on Monday claimed on Truth Social that commercial ships loaded with oil are transiting the Strait of Hormuz followinmg an announced deal to end hostilities with Iran.

"Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz," he wrote. "They are going along the Southern ‘Highway,’ which is totally safe, secure, and pristine. There are other areas of travel, also!!!"

Keep an eye on it here. 

https://hormuzstraitmonitor.com/

Sunday evening Trump announced that the US and Iran had reached a tentative deal to end the war which was started by the Trump adminisgration and Israel on Feb. 28. 

Iran’s Supreme National Security Council said it had agreed to the memorandum of understanding (MOU) - according to state-run outelt IRNA.

VP Vance

Not even 24 hours after President Trump declared a peace deal with Iran to reopen the Strait of Hormuz, and just 30 minutes before New York futures opened Sunday evening, the administration already had Vice President JD Vance beginning a media roadshow to calm investor nerves and boost confidence.

Vance began the Monday roadshow on CNBC, providing more details on the U.S.-Iran deal, as uncertainty is the market's worst fear.

Vance said the U.S.-Iran deal is moving ahead despite what he called MSM "misreporting."

"The agreement is fundamentally built around a two-step verification process," Vance told the outlet, adding that Israel will have a seat at the table. Vance also stated that all Iranian government factions are represented in the talks, with several Iranian representatives expected at Friday's signing ceremony.

On the Hormuz maritime chokepoint, Vance said the strait is already seeing increased traffic and is expected to remain open toll-free over the long term, not just temporarily. He added that Iran would need resources to rebuild, but those resources would not be available without a nuclear deal.

Summary of discussion via CNBC: 

Vice President JD Vance on Monday said after the U.S. and Iran struck a preliminary deal that there are "a lot" of details that remain to be ironed out, but he expressed confidence that America has "all the cards" in subsequent talks.

The agreement reached Sunday would extend the U.S.-Iran ceasefire for 60 days and set up a framework for future negotiations about Tehran's nuclear program and other key issues.

The text of the preliminary deal has yet to be released. Vance, on CNBC's "Squawk Box" Monday morning, said the deal's two major prongs are reopening the Strait of Hormuz and clinching a long-term commitment that Iran will never develop a nuclear weapon.

He indicated that if Iran abides by the deal's commitments, it will be rewarded with loosened economic sanctions or other barriers, allowing Tehran "to be reinvited into the world economy." 

Vance is also expected to join CBS Mornings to discuss the U.S.-Iran peace deal. It is likely that Fox Business and other outlets will follow, as the administration must repair any political damage from four months of war with Iran, which created uncertainty on Wall Street and sent the national average for gasoline prices above $4 per gallon for 2.5 months.

VIEWER ALERT: @VP Vance joins @CBSMornings 🌞 just after 8am ET to discuss the emerging U.S.-Iran deal.

— Ed O'Keefe (@edokeefe) June 15, 2026

Let the roadshow begin... 

Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening

The U.S. and Iran reached an interim agreement to reopen the Strait of Hormuz on Sunday evening, just 30 minutes before New York futures opened, with officials from both countries set to meet in Switzerland on Friday to formally sign the peace deal.

According to Iranian outlet Fars, the U.S.-Iran deal reportedly includes a 60-day toll-free window for vessels. After that period, if a more permanent deal is agreed upon, Tehran may seek to monetize the Hormuz chokepoint by charging commercial vessels for "services" tied to safety, navigation, environmental protection, and insurance.

Traffic on the Strait remains light on Monday morning, with hundreds of tankers waiting for the Hormuz waterway to officially reopen by the end of the week. But LNG tanker Disha did not wait for the formal opening and made a dash to exit the strait early Monday.

There are nearly 300 loaded vessels idling in the Persian Gulf, while a similar number of empty ships are waiting in the Gulf of Oman to return to export terminals. Another 250 ballast vessels inside the Gulf are ready to pick up cargoes if outbound flows resume.

The reopening could release millions of barrels of trapped oil and restart LNG flows, but normalization of energy flows back to pre-war levels could take many months, if not quarters, and for Qatar's sake, years.

"From the bridge and the engine room where we're sitting, right now it looks very different to what the headlines may say," said Angad Banga, CEO of maritime conglomerate The Caravel Group, which owns Fleet Management Limited, one of the world's largest ship management companies.

Banga told Bloomberg that it has several crews trapped in the Persian Gulf area, adding, "We've seen positive signals before, and I think ultimately what matters is what holds."

Anoop Singh, global head of shipping research at Oil Brokerage Ltd, told the outlet, "Shipowners are on a risk spectrum — the Japanese, Koreans and Chinese are less open to high risk, while the Greeks have a different appetite — so we may see some people gearing up."

Singh noted, "But by and large the rest of the market is still seeking more details and assurance before proceeding."

Beyond the shipping industry, on Wall Street, UBS economist Arend Kapteyn told clients earlier this morning that "the test will be how quickly and to what extent the Strait of Hormuz reopens. Early indications suggest this may depend on Iran clearing naval mines over an initial 30-day period. But taken at face value, the news should be supportive for risk assets, pushing yields, oil and the US dollar lower, while equities move higher."

Latest Hormuz trends via Kepler Cheuvreux shipping analyst Axel Styrman:

Daily arrivals at the Strait of Hormuz in 2026

Global trade & capacity trapped/waiting as of 22 May

Daily arrivals, Strait of Hormuz, # of ships per segment

Crude Exports and destination via the Strait of Hormuz

LNG Exports and destination via the Strait of Hormuz

LPG exports and destination via the Strait of Hormuz

Shipping Stocks To Watch

Professional subscribers can read much more about the Hormuz chokepoint on our new Marketdesk.ai portal. 

Tyler Durden Mon, 06/15/2026 - 14:30
Tyler Durden

"Dangerous Precedent Of Censorship And Sanitization": Biden-Appointed Judge Enjoins Removal Of Slavery And Climate Displays

Zero Rss
2 months ago
"Dangerous Precedent Of Censorship And Sanitization": Biden-Appointed Judge Enjoins Removal Of Slavery And Climate Displays

Authored by Jonathan Turley,

George Santayana famously said that those who ignore history are doomed to repeat it. The same is true for judicial overreach. Those judges who yield to the temptation to counter policies that are not to their liking are likely to repeat such excesses of power. That is why the recent decision of U.S. District Judge Angel Kelley in Boston is so concerning. While there are good-faith reasons why some have objected to the removal of slavery and climate change exhibits from national parks and monuments, this is not about the merits but the authority to make such changes. Kelley’s recent injunction smacks of judicial excess rather than measured review.

Judge Kelley, a Biden appointee, issued a preliminary injunction at the behest of groups representing park conservationists, historians and scientists, who argued that the U.S. Department of the Interior has been engaged in a “sustained campaign to erase history and undermine science.”

The complaint is heavily laden with subjective views of historical relevance that are obviously not shared by the Administration. These interpretations were installed under the discretion of the Biden Administration. They were removed under the same inherent discretion of the Trump Administration.

In March 2025, President Donald Trump signed an executive order reversing his predecessor on what he viewed as a “revisionist movement” that portrayed the U.S. as “inherently racist, sexist, oppressive, or otherwise irredeemably flawed.”

He ordered the Interior Department to make changes to parks, monuments and memorials to address any “false revision of history” that the White House said had occurred in recent years.

Some of the displays discuss the abuses of indigenous populations or the enslavement of persons at these sites. I happen to agree with the Court that such context is important for citizens to fully appreciate our history. The issue, however, is who legally decides on such interpretive displays.

For example, I strongly disagreed with the African American Museum in the exclusion Justice Clarence Thomas from displays of great African Americans.  While I supported those in Congress seeking answers from the Smithsonian, I never viewed the material as a violation of federal law or worthy of judicial intervention. Notably, these historical groups and experts did not file actions in federal court to force his inclusion.

That was, of course, the individual decision of one museum. However, the question is why the Administration can make such individual decisions rather than department-wide or branch-wide decisions. Likewise, it is difficult to see the limiting principle here. If President Trump said that he wanted to emphasize certain elements like patriotism and these displays were substituted, would that also be a violation of federal law?

The challengers invoked federal law to argue that the Trump Administration was wrong and that the action was therefore arbitrary and capricious. The action is based on loose interpretations of the National Park Service Organic Act, the National Park Service Centennial Act, and the National Parks Omnibus Management Act, as well as the Administrative Procedure Act.

Judge Kelley chastises the Administration for removing displays that “do not align with its preferred narrative.” However, the original displays were themselves a preferred narrative by the prior Administration.

Judge Kelley invokes generally worded federal laws to require the Administration to seek out and heed the wisdom of historical experts on such questions, despite the views of other experts who agree with the action.

She declared that the removal of the displays not only undermines “the integrity of the National Parks; it sets a dangerous precedent of censorship and sanitization.”

The court notes that “the Secretary’s Order fails to provide any reasoned justification for its directive to review and remove interpretive material.” Yet, that would seem abundantly obvious from the cited Executive Order and the purpose of the change. The real question is whether this type of action requires more than the exercise of discretion. Agencies and offices routinely make such decisions on displays. The only difference is a branch-wide order.

The court’s cited authority is itself vague and undefined. For example, Judge Kelley holds that “The Order mentions the Organic Act and the FLPMA as ‘Authority’ but does not explain its relationship to those statutes, such as how the removal of interpretive materials comports with the Organic Act’s mandate to ‘conserve’ and to ‘provide for the enjoyment’ of park resources. 54 U.S.C. § 100101(a).”

The Administration is citing the sweeping discretion afforded under federal law.

However, the Court suggests it can micromanage the branch in making decisions about interpretative displays under this language.

Once again, I may agree with these historians on some of this material but it is immaterial — as immaterial as Judge Kelley’s qualms.

In my view, the court’s analysis is deeply flawed and should be reversed.

Here is the decision: National Park Conservation Association v. Department of the Interior

Tyler Durden Mon, 06/15/2026 - 14:25
Tyler Durden

Pagination

  • First page
  • Previous page
  • …
  • Page 127
  • Page 128
  • Page 129
  • Page 130
  • Page 131
  • Page 132
  • Page 133
  • Page 134
  • Page 135
  • …
  • Next page
  • Last page
Checked
1 minute 45 seconds ago
URL
https://www.zerohedge.com
Zero Rss feed

zero rss

News feeds

  • Inside Five Years Of Taliban Rule Since US Chaotic Exit
  • Where In The World Are The Beer Lovers?
  • How Much Money Should You Convert To A Roth Each Year?
  • The Massachusetts Abortion Law Could Backfire On Democrats
  • A Tour Of America's Blue-topias
  • Trump: 9 Months At Sea For USS Lincoln 'Not Nearly Long Enough'
  • Are China's Surveillance Exports Turning Nations Into Digital Dictatorships?
  • Can Artificial Intelligence Replace Human Judges?
  • "Won't Be Short-Lived": JPMorgan Warns Next Global Food Crisis Could Erupt Next Year
  • Fauci In Hiding As ABC Censorship Bombshell Explodes
More

zero rss

Copyright (c) 2026 FYCKL Project