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Zero Rss

SNAP Benefits Go To 186,000 Dead People... And Stopping Them Might Be Difficult

Zero Rss
3 months 2 weeks ago
SNAP Benefits Go To 186,000 Dead People... And Stopping Them Might Be Difficult

Authored by Tom Gantert via The Epoch Times,

President Donald Trump’s anti-fraud efforts have brought renewed focus on issues plaguing the welfare system, including the millions of dollars in food stamps that are being sent to dead recipients.

The U.S. Department of Agriculture (USDA) released a report last month stating that 185,986 deceased people in 29 states were receiving Supplemental Nutrition Assistance Program (SNAP) benefits as of July 1, 2025, at an annual cost of $419.6 million. It also reported an additional $3 billion in potential fraud, waste, and abuse.

On May 21, a federal jury convicted a man who stole the identity of Carlos Ramon Obregon, who was killed in a 1977 Los Angeles drive-by shooting. Decades after the 14-year-old’s death, the defendant used the dead teen’s identity to collect about $283,000 in government benefits, including SNAP benefits, Medicaid, Supplemental Security Income, and COVID-19 payments.

That’s just one example that the administration has outlined to highlight the issue. Here’s what to know about the problem of dead recipients, which has been lingering for decades.

Renewed Focus by Trump Admin

Trump directed federal agencies via executive order in March 2025 to ensure “unfettered access” to data from federally funded state programs such as SNAP, also known as food stamps.

In response, the USDA’s Food and Nutrition Service told state agencies on May 6, 2025, that all records associated with SNAP must be made available to the federal government.

“For years, this program has been on autopilot, with no USDA insight into real-time data,” Agriculture Secretary Brooke Rollins wrote in a letter to states.

Following the USDA’s demand for detailed information on food stamp recipients to review for fraud, a coalition of 21 states and the District of Columbia filed a federal lawsuit against the USDA, accusing the agency of unlawfully demanding massive amounts of sensitive SNAP recipient data.

The U.S. Department of Agriculture in Washington on Feb. 17, 2026. The department reported in May that millions of dead people were receiving food stamp benefits. Madalina Kilroy/The Epoch Times

The July 2025 lawsuit, led by California Attorney General Rob Bonta, argued that the USDA was seeking unprecedented access to five years of personal information tied to millions of food assistance applicants, including Social Security numbers, home addresses, immigration status, and grocery transaction records.

The lawsuit led to an October 2025 court order allowing the opposing states to withhold the data requested by the federal government.

“Let’s be crystal clear: The president is trying to hijack a nutrition program to fuel his mass surveillance agenda,” Bonta said in a statement announcing the ruling.

He said that his state will “continue to vigorously litigate this lawsuit and defend [California] communities, protect privacy, and ensure that SNAP remains a tool for fighting hunger—not a weapon for political targeting.”

The USDA sent follow-up letters to 21 states that had not turned over state data on SNAP, asking them to comply.

The agency’s preliminary assessment, based on data provided by compliant states, indicated that “billions of dollars in federal funds may have been lost due to fraud or other errors undetected by States in their administration of SNAP,” the November 2025 letter states.

A USDA spokesperson told The Epoch Times that “by not sharing data, noncompliant states continue to prioritize criminals over the American taxpayer.”

“By simply sharing data, states can protect those most in need, get the criminals out, and save their hardworking taxpayers millions of dollars,” the spokesperson said.

California Attorney General Rob Bonta speaks in Los Angeles on April 15, 2024. A July 2025 lawsuit led by Bonta pushed back on a USDA request for state information on millions of SNAP recipients. John Fredricks/The Epoch Times

How Dead People End Up on Food Stamps

A 1998 Government Accountability Office report stated that agencies historically “rely primarily on unverified information on household membership” from food stamp applicants and participants.

That 1998 report found nearly 26,000 deceased individuals tied to SNAP benefits in four states in 1995 and 1996. The states reviewed were California, New York, Florida, and Texas. Estimated improper payments totaled $8.5 million.

According to the report, states did not always match recipients against Social Security death records. In multiperson households, deceased members sometimes remained on food stamp rolls after their demise, increasing benefits. In other cases, an individual continued fraudulently using the dead person’s identity.

Now, states have been told to check SNAP beneficiaries against death records.

A “We Accept (Food Stamps)” sign hangs in the window of a grocery store in Miami on Oct. 31, 2025. A new federal SNAP integrity team will analyze state data with the aim of ending fraud. Joe Raedle/Getty Images

The USDA estimated that even after a state determined that a person receiving SNAP benefits had died, it could take an additional six to 12 months before benefits were discontinued. Commonly, states identify SNAP recipients as being on the Social Security Administration’s death master file, but they must conduct further research before they act on that information. Therefore, they wait several months until the dead recipient’s next recertification period to discontinue the benefit.

The USDA created its own SNAP integrity team in May 2025 to analyze data it receives from the states, along with all other available information, to end indiscriminate welfare fraud.

Rachel Sheffield, research fellow in welfare and family policy with The Heritage Foundation, told The Epoch Times that states need to take more accountability.

“Federal taxpayers fund SNAP, but states administer the program,” Sheffield said. “The chain of accountability is broken because states aren’t financially responsible when individuals remain on the rolls who shouldn’t be there.

“In fact, states receive more federal funding for every additional person enrolled. States should be held accountable for how they administer SNAP. Providing their data allows for transparency to taxpayers.”

Sheffield said the SNAP program should be reformed so that states are required to share in the cost.

 

A Houston resident holds a card identifying her as a SNAP beneficiary while she waits to get supplies from the Houston Food Bank Program at NRG Stadium in Houston on Nov 1, 2025. About 39 million people receive food stamps benefits each month, according to the USDA. Moisés Ávila/AFP via Getty Images

 

Long-Running Problem

Benefits fraud sometimes goes undetected for years or even decades.

In another high-profile case, federal prosecutors alleged in April that a Worcester, Massachusetts, man fraudulently collected SNAP benefits for years by using the identity of a deceased U.S. citizen from Puerto Rico.

According to the U.S. Attorney’s Office, the suspect—believed to actually be a citizen of the Dominican Republic—allegedly assumed the identity of a Puerto Rican man who died in 2006 and used it to obtain state identification documents, a Social Security card, and public benefits.

Prosecutors said the man collected more than $12,000 in SNAP benefits between 2022 and 2026, despite internal concerns raised by a state employee noting a possible “death match” tied to the Social Security number.

The case involving Obregon was used by the Trump administration to highlight the work of the National Fraud Enforcement Division, which was created on April 7 by the Department of Justice.

Hurricane survivors receive food and water being given out by volunteers and municipal police in the aftermath of Hurricane Maria, in Toa Baja, Puerto Rico, on Sept. 28, 2017. Dead people in the commonwealth received 150 million in Nutrition Assistance Program benefits between 2017 and 2024, Puerto Rico's comptroller recently reported. Joe Raedle/Getty Images

The Justice Department on May 27 announced reforms to speed up the review of False Claims Act whistleblower complaints involving fraud in federally funded, state-run benefits programs.

The Civil Division will prioritize initial reviews within 60 to 120 days. Its aim is to quickly identify major fraud schemes, recover taxpayer money, and coordinate with criminal prosecutors and federal agencies under the administration’s broader anti-fraud enforcement initiative.

The federal government continues to take action against fraud.

The USDA Office of Inspector General is reviewing findings that Puerto Rico improperly paid about $150 million in Nutrition Assistance Program benefits to deceased individuals between 2017 and 2024. Those findings were reported in April by Puerto Rico’s comptroller.

Puerto Rico participates in the Nutrition Assistance Program, or NAP, which differs from the Supplemental Nutrition Assistance Program because it operates as a federal block grant rather than a traditional SNAP entitlement program.

Tyler Durden Tue, 06/09/2026 - 18:25
Tyler Durden

Belfast Is Burning After Attempted Beheading Attack By Migrant

Zero Rss
3 months 2 weeks ago
Belfast Is Burning After Attempted Beheading Attack By Migrant

Summary:

  1. Widespread reports on social media of fires across Belfast
  2. Tommy Robinson Says Mass Protests Expected Tonight
  3. Nation Horrified After Somali Migrant Attempted To Behead UK Citizen 
  4. Belfast Horror: African Migrant Tries To Saw Off Victim's Head In Street Attack

Enough is enough!

— Elon Musk (@elonmusk) June 9, 2026 Belfast is burning... 'far-right' blamed by media

Gardaí are “keeping a watching brief” for any violence or what the media is describing as 'far-right activity' following the Belfast stabbing.

As the night drew on, more and more images and videos emerged of Belfast burning.

A car engulfed in flames crashed into an apartment building in Belfast amid ongoing unrest...

A car engulfed in flames crashed into an apartment building in Belfast amid ongoing unrest following the attempted beheading of a local resident.

🎥: @ScopeReport_ pic.twitter.com/NfeQTRrYTG

— Breaking911 (@Breaking911) June 9, 2026

Masked groups are reportedly roaming the streets...

🚨BREAKING: Belfast is already on fire as masked groups take to the streets

This is going to be a long night… 🇬🇧 pic.twitter.com/vMaxFLJRoc

— Inevitable West (@Inevitablewest) June 9, 2026

Homes have been set ablaze....

WATCH: Homes were set ablaze in Belfast, Northern Ireland, as protests intensified following an l attempted beheading.

VIA: @AZ_Intel_ https://t.co/bAs6Os8JsK pic.twitter.com/be0XXzbSX9

— Breaking911 (@Breaking911) June 9, 2026

Some on social media likened the chaotic images to those during 'The Troubles'.

Mass Protests Expected In Coming Hours 

Last night's attempted beheading of a British man by a Somali migrant in Belfast is becoming a major flashpoint, with mass protests reportedly expected across more than 70 cities in the coming hours.

🚨BREAKING: Elon Musk declares, "Only Restore Britain can save Britain," following the attempted beheading in Belfast

— GB Politics (@GBPolitcs) June 9, 2026

The attack has intensified public anger over Britain's long-running, nation-killing mass migration policies, which have fueled chaos, violent crime, and a broader national security failure.

"Sh*t is about to hit the fan in Belfast" ... 

You don't mess with the people of Belfast. pic.twitter.com/cVgjgo3Mzf

— Susanne Delaney (@SuzieD755164) June 9, 2026

"The whole of the United Kingdom is hitting the streets tonight at 7 pm following yet another invader attack on our people," activist Tommy Robinson wrote on X.

The whole of the United Kingdom is hitting the streets tonight at 7pm following yet another invader attack on our people.

It's time 🇬🇧 pic.twitter.com/tscckc9ceK

— Tommy Robinson 🇬🇧 (@TRobinsonNewEra) June 9, 2026

Robinson continued, "The invader who tried to behead someone in Belfast last night traveled from Sudan to Paris, flew from Paris to Dublin, then got a bus from Dublin to Belfast on 10th February 2023 and claimed 'asylum'. The British government let him stay, and now this. Blood on their hands."

The invader who tried to behead someone in Belfast last night travelled from Sudan to Paris, flew from Paris to Dublin, then got a bus from Dublin to Belfast on 10th February 2023 and claimed "asylum".

The British government let him stay, and now this.

Blood on their hands. https://t.co/vlrmXJuSIz

— Tommy Robinson 🇬🇧 (@TRobinsonNewEra) June 9, 2026

Apparently, the government has dispatched water cannon trucks to Belfast ahead of the protests.

WATCH👀: 3 Water Cannon lorries spotted on route to Belfast ahead of the protest pic.twitter.com/iHb8xukSeu

— The Reformed Media (@ReformedMedia_) June 9, 2026

Elon Musk chimed in: "Only by protesting REPEATEDLY and LOUDLY will there be any change!!"

Only by protesting REPEATEDLY and LOUDLY will there be any change!! https://t.co/73GDcLLFwv

— Elon Musk (@elonmusk) June 9, 2026

Musk was always right all along:

Elon Musk was always right:

"You either fight back, or you die." pic.twitter.com/9fIHliiQsn

— Inevitable West (@Inevitablewest) June 9, 2026

Tonight's protests should be closely monitored for signs of escalation, as any broadening demonstrations could mark a political pressure point for the UK's left-wing ruling class, which has failed the nation. If demonstrations spread across multiple cities and sustain momentum, the Belfast attack could unleash a nationwide backlash against elites who doomed the nation through mass migration.

Belfast Horror: African Migrant Tries To Saw Off Victim's Head In Street Attack

Authored by Steve Watson via modernity,

Authorities and the media have scrambled to soften language around a graphic knife assault last night by an apparent African migrant that has left a local Belfast man fighting for his life with devastating injuries.

Horrific footage shows the attacker straddling the victim and repeatedly stabbing his head before sawing at his neck in a clear attempt to behead him. Bystanders screamed in horror as the attack unfolded. However, police have described it as nothing more than a "stabbing incident" involving "a man."

The assault happened shortly after 10:30 pm on Monday on Kinnaird Avenue in north Belfast. The attacker hacked at his victim's head and neck with a small boxcutter-style Stanley knife. Locals rushed in to drag the assailant off, batting him with blunt objects before police finally arrived.

African migrant just tried to behead a white man in North Belfast, Ireland. Video is too graphic to post. pic.twitter.com/ih5uVA4px6

- End Wokeness (@EndWokeness) June 8, 2026

Bystanders could be heard yelling: "He's trying to cut his head off."

The victim is understood to be alive in the hospital at the time of writing but has sustained life-altering injuries. Speculation online points to the possibility he has lost both eyes after the frenzied assault.

WARNING - EXTREMELY GRAPHIC VIDEO:

Watch video

The Police Service of Northern Ireland issued a statement calling it merely a "stabbing incident." They confirmed one man has been arrested and another taken to the hospital with serious injuries. There was no mention of the attacker's background, immigration status, or the obvious attempt to decapitate the victim.

Just another 'stabbing' by a 'man', nothing else to see here. https://t.co/f0KdwKNF7d

- m o d e r n i t y (@ModernityNews) June 9, 2026

It wasn't just a "stabbing incident". We all saw the video. The migrant was attempting to saw a guys head off

- Inevitable West (@Inevitablewest) June 9, 2026

The media is not focusing on the incident.

Woke up expecting that Belfast horror to be all over the media.

BBC and Sky front pages. Nowhere. pic.twitter.com/MEQuVIUzUx

- Paul Joseph Watson (@PrisonPlanet) June 9, 2026

The BBC buried a report with the headline "Man taken to hospital with 'serious injuries' after stabbing."

Man taken to hospital with 'serious injuries' after stabbing https://t.co/QrQVLvxssq

- BBC News (UK) (@BBCNews) June 9, 2026

A man has been taken to hospital with "serious injuries" following a stabbing in north Belfast. https://t.co/v7Pljb5woz

- BBC News NI (@BBCNewsNI) June 9, 2026

Irish state media did the same.

Irish State TV already trying to downplay the beheading attempt: pic.twitter.com/jaK96zLBp1

- End Wokeness (@EndWokeness) June 9, 2026

The gap between what the footage shows and what official channels reported sparked immediate fury online.

Deport these horrible bastards out of our fucking country

STOP LETTING THEM IN!!!

Left wing fucking lunatics want this on our streets, absolute scumbags.

Third world horrible bastards ? https://t.co/he71pQGMKu

- G ????????? (@ggh1992) June 9, 2026

? You have all seen the Belfast footage by now. A man nearly beheaded on a public street in broad daylight. Only saved because three brave locals ran in and stopped it themselves.
The police were not there. The government was not there. Ordinary people saved that man's life.
And...

- David Shaw (@David90shaw) June 9, 2026

The post continues, "...Ordinary people saved that man's life. And while that was happening Keir Starmer was in Westminster figuring out how to arrest you for posting about it. Open borders. Two-tier policing. Unarmed citizens fighting off attackers alone. This is the British Labor Party built."

Others stated they wouldn't have been surprised to see the locals who tried to subdue the attacker being arrested, a reference to revelations regarding the Henry Nowak case.

Leftist apologists immediately rushed to psychiatric excuses before any details emerged about the attacker's identity, background, or possible motive.

Didn't take long. pic.twitter.com/g04YzuY10r

- Basil the Great (@BasilTheGreat) June 9, 2026

The recurring question remains the same. How many of these daily attacks on native people have to happen before meaningful action in the form of closing the borders and mass remigration is instituted?

Tyler Durden Tue, 06/09/2026 - 18:20
Tyler Durden

Vance Reacts After Israel Reportedly Caught Spying On Pentagon

Zero Rss
3 months 2 weeks ago
Vance Reacts After Israel Reportedly Caught Spying On Pentagon

Vice President JD Vance has raised some eyebrows in Washington after responding to a Fox News question about pervasive Israeli spying on top Trump administration and US intelligence officials.

NBC reported days ago that the Pentagon has officially elevated Israel's counterintelligence threat level to its highest possible category, driven by surging internal alarm that this primary Mideast regional ally is aggressively ramping up espionage operations targeting senior US officials - even Trump's own top Iran negotiator.

While the White House has officially denied the report and major allegations of egregious levels of ally on ally spying, Vance did not echo that rejection, interestingly enough. Watch:

🚨 MUST WATCH: ISRAEL WAS JUST CAUGHT SPYING ON THE PENTAGON AND TRUMP’S TOP NEGOTIATOR… VICE PRESIDENT JD VANCE REACTS 🚨

“Israel may like that, they may not like that… this is in the BEST INTEREST of the United States of America” 🇺🇸🔥 pic.twitter.com/JkNc0rDjqE

— Jesse Watters (@JesseBWatters) June 9, 2026

Asked by reporter Jesse Waters "how concerned" he was about "Israel spying on the United States" - Vance acknowledged the following:

“Well look, obviously the Israelis and I – excuse me, the Israelis and the United States have a lot of shared interests, but we also have some situations where our interests diverge,” Vance told Waters.

“The president has been very clear that while Israel obviously has some objectives that it has, the United States’ main objective in Iran does not have a nuclear weapon, and we’ve actually created the space necessary where the president believes that we can get the long-term settlement to Iran’s nuclear deal.”

One source reacted to the response from the White House number two as follows: "The White House vehemently denied a report last Friday about a heightened counterintelligence threat, but on Monday night, Vice President JD Vance appeared to undercut that denial with a blatant but indirect admission."

According to prior reporting, the Defense Intelligence Agency (DIA) has been broadcasting an internal alert raising Israel's specific threat designation to "critical". According to details revealed over the weekend:

The designation stems from concerns within the Pentagon that Israel is making a particular effort to surveil top U.S. officials to get information on the Trump administration’s internal deliberations and decision-making on the conflicts in the Middle East, the officials said.

The DIA assessment includes a seven-page document and features a chart, according to one of the current U.S. officials. The document says the assessment of Israel is that its ability to conduct human espionage and technical collection is at a “critical level,” according to the official.

And parallel to this, a report by the NY Times lists out names that are very high level within the Trump administration. Israel has allegedly focused its electronic and human efforts to eavesdrop on the following officials (likely among others):

  • Steve Witkoff, Trump’s premier regional negotiator.
  • Elbridge A. Colby, the Pentagon’s top policy official.
  • Michael P. DiMino IV, one of Colby’s primary deputies.

The Israeli embassy in Washingtons has slammed the reports as 'completely false': "This entire story is false and sourced to someone who doesn’t have any knowledge of what’s going on," it said in a statement.

But the major US media reports highlight American intel officials who don't try and tone down or couch their words. Instead they speak of "unhinged" Israeli spying on US government officials.

Vance also said in the fresh Tuesday comments that a pending peace deal between Washington and Tehran was a “home run for the American people,” whether or not Israel liked it.

Tyler Durden Tue, 06/09/2026 - 18:00
Tyler Durden

The Oil Shock Is Weakening India's Economy and Finances

Zero Rss
3 months 2 weeks ago
The Oil Shock Is Weakening India's Economy and Finances

By Tsvetana Paraskova of OilPrice.com

India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh on the Indian currency, economic growth, and public finances as long as supply is choked at the Strait of Hormuz.

More than three months after the Iran war began, investment banks, brokerages, rating agencies, and even India’s central bank are lowering economic growth forecasts, while the government intervenes to stop the cash bleed from the balance of payments that has surged with the oil prices.

India, which imports more than 85% of the oil it consumes, received about half of all its imports from the Middle East before the war. Now, state-owned and private refiners are looking to diversify imports, including by taking in record volumes of Russian oil, and turning to Venezuela and Brazil for additional crude to offset the lost Middle Eastern supply.

Yet, the high import prices, with oil up by about $30 per barrel compared to pre-war levels, are weighing on India’s economic prospects and public finances.

“India is set for a series of supply shocks,” Michael Langham, emerging markets economist at Aberdeen Investments, told Reuters.

India on Friday introduced measures to protect its currency, the rupee, which had plunged to an all-time low versus the U.S. dollar amid the energy crisis.

Yet, the world’s third-biggest crude importer has seen its growth prospects diminished as its high import dependence and the high price refiners pay weigh on inflation and GDP growth.

India’s economy remains resilient to the external shocks, but the oil price surge poses near-term downside risks to economic growth and upside risks to inflation, the Reserve Bank of India (RBI) said at the end of May.

Indian wealth and asset manager 360 ONE Capital last week said that India’s inflation is set to accelerate to 4.8% in the fiscal year 2027, if oil prices average $90 per barrel through March next year. 

“A further $10/bbl increase in crude prices above our base assumption could push inflation to 5.6 per cent (assuming a partial pass-through of around 5 per cent to retail fuel prices), lower GDP growth by an additional 40 bps to 5.9 per cent, widen the current account deficit to 2.5 per cent GDP, and increase the fiscal deficit to 4.8 per cent of GDP,” analysts at 360 ONE Capital wrote in a report.

Tyler Durden Tue, 06/09/2026 - 17:40
Tyler Durden

Iran Threatens "Decisive Response" After US Begins 'Self-Defense' Strikes Following Downing Of Apache Helicopter

Zero Rss
3 months 2 weeks ago
Iran Threatens "Decisive Response" After US Begins 'Self-Defense' Strikes Following Downing Of Apache Helicopter Summary:
  • US begins 'self defense' strikes against Iran

  • Iran threatens retaliation after US retaliatory strikes

  • Trump says 'US must respond' after Iran downed Apache over Strait 

  • Trump says Washington and Tehran are in the "final throes" of cementing a deal, "two or three days"

  • Iran shoots down US Apache helicopter over Strait, crew safe

  • Despite Trump calls for Israeli ceasefire, casualties are rising in southern Lebanon

So much for the early hopes of an imminent deal...

US Begins "Self Defense" Strikes Against Iran, Iran Threatens Re-Retaliation

Just as President Trump has warned, US Central Command has just tweeted confirmation that the US military began 'self defense' strikes against Iran:

"U.S. Central Command (CENTCOM) forces began launching self-defense strikes against Iran at 5 p.m. ET today at the Commander in Chief’s direction, in response to yesterday’s downing of a U.S. Army Apache helicopter.

The mission is a proportional response to unjustified Iranian aggression."

The extent of the latest strikes wasn’t immediately clear but they further undercut an already fragile ceasefire signed in April.

A US official tells Fox that airstrikes targeting Iran are "ongoing" and targets include air defenses and radar installations.

IRNA reports explosions in Iran's Hormozgan province, while IRIB reports aerial attacks in Qeshm, Sirik and Bandar Abbas with six explosions reported in Qeshm

The US and Iran have traded attacks several times in recent days even as Trump has said they are close to signing an agreement to bring the conflict to an end.

President Trump told ABC News Jonathan Karl:

"I think it's very important to respond. They shot down a helicopter, and we are responding as we speak."

He added:

"This is a response to what they did they did with our helicopter last night, and I believe the response should be very strong, very powerful, and that's what this one is."

Shortly after the strikes began, IRGC-owned Tasnim News reported that Iran is threatening to retaliate for US' retaliation:

"Iran will respond to US aggression.

As warned hours earlier, Iran will deliver a decisive response to the US aggression, which is being carried out under the pretext of an Apache helicopter crash."

Odds of a peace deal are sliding and oil prices are rising (though not significantly).

Trump Reacts to Apache Downing, Threatens Response

Following earlier reports that a US AH-64 Apache helicopter had gone down over the Strait of Hormuz off the coast of Oman in an unprecedented first of the Iran war, moments ago Trump said on Truth Social that he had "been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz. There were two pilots involved, both are safe and uninjured. Nevertheless, the United States must, of necessity, respond to this attack."

The news that the US may imminently resume the Iran war - sent oil surging instantly...

... as Trump's latest promise that a huge peace is coming appears to have unraveled yet again.

Trump Says In 'Final Throes' of Iran Deal... Again

President Trump is still maintaining that Washington and Tehran are in the "final throes" of cementing a deal, and is even suggesting (once again) that an agreement will be done in days:

Asked whether it would be matter of days or weeks, he said it would take “two or three days”.

Tehran has repeatedly stated any deal should include Lebanon—where Israel has been pressing its war with Iran-backed Hezbollah—and fired missiles at Israel on Sunday. That prompted Israeli retaliation, despite US pressure for restraint.

Iran fired another salvo before announcing it was ceasing military action, and hours later Israeli Prime Minister Benjamin Netanyahu announced that the “fire on that front is contained”.

Of course, we've been hearing that the war is merely 'days' away from ending from basically the start of the war. And yet, all too predictably, the two sides keep going up the escalation ladder in an escalation trap.

But the White House is saying that it will forge a deal which is good for the American people, whether Israel likes it or not. "Israel may like that, they may not like that — but this is in the best interest of the United States," Vice President JD Vance spelled out to Fox this week.

US Apache Helicopter Shot Down over Strait, Crew Safe

A US helicopter has gone down over the Strait of Hormuz off the coast of Oman in an unprecedented first of the Iran war, Central Command announced Tuesday, after which the two crew members were reportedly rescued by unmanned boats.

The Army AH-64 Apache was patrolling regional waters before the downing incident, which is still shrouded in mystery, and which the Pentagon says it is now investigating. However, the Iranians are saying they know exactly what happened - insisting that the Apache was shot down.

"An AH-64 Apache attack helicopter belonging to the U.S. Army was shot down and destroyed by the IRGC Navy near the Strait of Hormuz, after ignoring warnings and being targeted by fired from one of our speedboats," an Iranian military central command statement has said.

The NY Times, among the first to report the downing, underscores the claims and counter-claims concerning what happened:

It was not immediately clear whether the Apache was shot down by Iranian fire, experienced mechanical failure or encountered some other problem, said a person briefed on the incident, who spoke on the condition of anonymity. Central Command said in a statement that the incident was under investigation.

But the Pentagon says the crew was successfully rescued. The unusual rescue by unmanned boats adds another layer of complexity and strangeness to the story. 

"A Task Force 59 unmanned surface vessel, essentially a drone boat, found and rescued the soldiers," spokesperson Capt. Tim Hawkins described to NBC News. The pair of pilots are now receiving medical care, he indicated, after their rescue came within two hours of the aircraft going down.

Trump briefly spoke to journalists at John F. Kennedy International Airport in New York after watching the NBA Finals on Monday night and he acknowledged the rare crash in the Persian Gulf.

"The pilots are fine. Yeah," Trump said. "Nobody injured. We are going to issue a report tomorrow. But the pilots are fine."

Apaches, along with A-10 gunships, have been frequently used for low-flying operations in the Persian Gulf and Hormuz region, in order to attack Iranian small boast.

As for the Iranian claims of shootdown, it remains a top most plausible scenario, but the Pentagon has not said whether it took on Iranian fire.

FOX: American military forces, including U.S. Naval Forces Central Command, the 82nd Airborne Division, and U.S. 5th Fleet assets, helped bring both soldiers to safety.

NEW: Two U.S. soldiers are safe after a dramatic rescue operation off the coast of Oman.

CENTCOM says the crew members were recovered roughly two hours after their AH-64 Apache helicopter went down while patrolling regional waters.

American military forces, including U.S. Naval… pic.twitter.com/iBr7WiQnKB

— Fox News (@FoxNews) June 9, 2026

During earlier operations connected to Epic Fury, other US military aerial assets have crashed or sustained damage over the region - however, the Pentagon has downplayed or rejected efforts to link a number of incidents to Iranian attack, apparently not wishing to give Tehran a battlefield 'success' acknowledgement.

But many independent pundits have suspected that all along the Iranians have been hitting a lot more American assets than previously disclosed.

Death Toll Soars As Israel Pounds South Lebanon

The southern Lebanese city of Tyre is being pounded by Israeli airstrikes on Tuesday, despite President Trump's insistence that Lebanon not come under attack. Israel's military had hours prior issued an evacuation order for all civilians in the area, amid the unraveling and failing ceasefire.

Casualties are already high, coming at a tense moment after starting on Sunday Iran sent ballistic missiles against Israel over its renewed airstrikes on the southern suburbs of Beirut, where it says Hezbollah command centers are located.

The NY Times reports of the growing death toll Tuesday, "At least eight people were killed in the bombardment, and dozens more were wounded, Lebanon’s health ministry said. The Israeli military also targeted towns and villages across southern Lebanon, including areas that were not covered by evacuation warnings, according to the country’s state-run news agency."

Attack on Tyre, via AFP

So clearly the air raids are expanding, per the report, even after the latest Trump warnings directed at Netanyahu to not do anything that would sabotage a broader Iran peace agreement.

Tyler Durden Tue, 06/09/2026 - 17:25
Tyler Durden

Viral Influencer: How Bill Gates' Billions Shape US Medical Research

Zero Rss
3 months 2 weeks ago
Viral Influencer: How Bill Gates' Billions Shape US Medical Research

Authored by Paul D. Thacker via RealClearInvestigations,

Bill Gates has long been one of the most admired people in the world, especially since he stepped down from his role running Microsoft to devote himself and much of his fortune to philanthropy. That reputation has been tarnished recently, however, by revelations of the billionaire's close relation with sex offender Jeffrey Epstein, and exposes on his own fraught relationships with women.

On the eve of Gates' private testimony with Congress scheduled for tomorrow, a trove of federal whistleblower documents provided to RealClearInvestigations is renewing questions about how Gates money has bought what critics complain is an untoward influence on government health policy. For almost a quarter of a century, his main vehicle of power, the Bill and Melinda Gates Foundation, has donated hundreds of millions of dollars to the National Institutes of Health (NIH), allowing Gates to shape the direction of the country's health strategy in ways that have benefitted his own priorities and pet causes while polishing his image as a benevolent global do-gooder.

At a time of growing concern about the power of billionaires such as Elon Musk, Jeff Bezos, and Sam Altman, Gates' efforts stand out. Instead of lobbying federal agencies for specific policies, Gates leveraged his wealth to work inside the government, partnering with high-ranking NIH officials to steer taxpayer research funding and design scientific policies for several federal programs.

The cache of several dozen emails and documents, made public for the first time by an NIH whistleblower, reinforces previous reports detailing Gates's extensive influence over U.S. biomedical research. During the height of the COVID pandemic, Kate Elder, a senior vaccines policy adviser for Doctors Without Borders, complained to Politico, "What makes Bill Gates qualified to be giving advice and advising the U.S. government on where they should be putting the tremendous resources?"

Emails and internal plans, for example, show that the NIH - the world's largest funder of biomedical research - gave the Gates Foundation first billing for the joint workshops and meeting held on federal property.

The Gates Foundation did not respond to repeated requests for comment. The NIH also declined to comment.

Leveraging Investments

Like most philanthropies, the Gates Foundation tries to grow its endowment through investments. Some of these efforts, especially its stake in vaccine companies, blur the lines between profit-seeking and the foundation's mission to develop and deliver vaccines around the world. This symbiotic relationship between capitalism and charity also benefits Gates, whose power and position hinge in large part on the size of his foundation's assets. Before the pandemic, The Nation magazine reported that the Gates Foundation had a $40 million stake in CureVac - this was not a grant but an investment. CureVac was one of many companies the nonprofit bought stock in that were working on COVID vaccines and therapeutics.

Around that same period, the Gates Foundation announced that it had begun to "leverage a portion of its $2.5 billion Strategic Investment Fund" to advance the nonprofit's COVID work. The Gates Foundation also turned a $55 million investment in Pfizer's COVID vaccine partner, BioNTech, into over $550 million when it sold stock a couple of years later after the vaccine hit the market.

The Bill and Melinda Gates Foundation was established in 2000 with an initial endowment of $20 billion and a primary focus on reducing global health disparities. Rather than working exclusively through non-governmental agencies, the Gates Foundation began contributing to the NIH through the agency's own nonprofit, the Foundation for the National Institutes of Health (FNIH). Congress created the FNIH in 1990 as a firewall between NIH officials and outside donors seeking to influence federal research.

That firewall is not ironclad.

In 2018, for example, NIH officials, funded by beer and liquor companies through an FNIH grant, were in frequent contact with the alcohol industry while designing a study that seemed predetermined to find alcohol's benefits but not potential harms, such as cancer. The NIH also declined money in 2018 from drugmakers to support a proposed $400 million research program to discover opioid alternatives and addiction treatments. Like the alcohol funds, that drugmaker money would have also been routed through the FNIH.

Major Grants To Government

In 2003, the Gates Foundation donated $200 million to the FNIH to fund NIH scientific programs, an unprecedented sum. Rice University researchers warned in 2008 that this Gates cash was shifting the NIH's scientific priorities, even though the money was cycled through the FNIH. While FNIH manages and administers Gates money, they said, the Gates Foundation's scientific board ultimately "oversees and selects the projects to be funded" at the NIH.

After Gates gave an NIH lecture in 2013, NIH documents show that the agency began hosting Gates-NIH Workshops, eventually synchronizing federal research programs with Gates, to include coordinating grant funding and science policies across 10 NIH programs.

"Bill Gates, along with the NIH, the Wellcome Trust, it was this cartel," the whistleblower, a former NIH official who requested anonymity, told RCI. "This is a globalist movement. And that's something that I don't think the public knows."

The Gates Foundation held its second annual meeting with the NIH in July 2105, with both sides proposing new areas of teamwork, and later agreeing to cooperate on funding and research policies for global health. One area of overlap was the West African Ebola outbreaks. To align the Gates Foundation's Ebola research with the federal agency, Gates routed money through the FNIH so that NIH employees could hire the McKinsey consulting firm.

According to the NIH's summary of the 2015 workshop, McKinsey's study of the Ebola field found 20 therapeutics, eight diagnostics, and eight different vaccines, concluding that the Merck and GSK vaccines were the most advanced.

At no point in the several dozen emails and documents provided to RCI did NIH officials appear to raise any concerns about conflicts of interest regarding their work with Gates, nor the hiring of McKinsey to shape federal research and development policies. McKinsey is a global consulting firm whose clients include dozens of foreign governments and some of the world's largest corporations.

House Democrats released an April 2022 investigation that documented McKinsey's conflicts of interest during the opioid epidemic that killed tens of thousands of Americans, finding that McKinsey provided consulting advice to both Purdue Pharma and the Food and Drug Administration from 2008 to 2019.

In one example, the report surfaced emails with McKinsey employees congratulating themselves for influencing a 2018 speech on opioid safety by then-FDA Commissioner Dr. Scott Gottlieb.

When Congress brought McKinsey managing partner Bob Sternfels before cameras during a 2022 public hearing, he alleged that his firm did not have a conflict of interest when it gave simultaneous advice to both OxyContin's manufacturer and the government agency that regulated OxyContin. Two years later, McKinsey paid a $650 million fine to resolve a criminal and civil investigation into the firm's consulting work with Purdue Pharma.

"The NIH and BMGF have had a long history of interaction, particularly with respect to vaccines and drugs," reads the NIH summary of the 2015 Gates-NIH meeting.

A longtime NIH official said that the agency's leadership initially held Gates at arm's length, but eventually gave in. "They were very suspicious at first," said the official, who requested anonymity. "But they got caught up in, 'Wow, he's the richest man in the world!"

The NIH official added, "What I saw, which really, I think, extends until this day, is a complete merging of NIH and Gates. And I've never seen that written anywhere. I don't think people realize this incredible symbiotic relationship."

Bill Gates Is Coming!

Bill Gates added a bit of splendor to the Gates-NIH workshop series when he made his first personal appearance at the April 2016 meeting. As part of the meticulous planning for the event, NIH Director Francis Collins held a 45-minute teleconference 10 days prior to hash out the meeting's details with Trevor Mundel, a former pharmaceutical executive in charge of global health at the Gates Foundation.

According to a list of key "milestones and accomplishments" sent at the time to Collins, the Gates Foundation was by then firmly entwined within the NIH ecosystem to include dual workshops, joint clinical trials, combined research policies, and collaborative funding efforts. For example, NIH staff and Gates employees worked together on clinical trials for TB treatment in Africa. Both Gates and NIH employees also began a joint study for TB with support from the Chinese Ministry of Science and Technology.

The night before the meeting, the NIH held a reception and a catered dinner, paid by the FNIH, for almost two dozen Gates executives at the Cloisters Mansion, a historic, stone castle in rural Maryland, where actor Will Smith married actress Jada Pinkett.

Emails show that the NIH continued scrambling that night to lock down the arrival of other attendees, which included Obama officials at the Department of Health and Human Services and the Commissioner of the Food and Drug Administration, Robert Califf.

To provide Bill Gates a luxury experience, NIH staff prepared Collins - a Nobel Prize-winning scientist - a minute-by-minute itinerary for the arrival of Gates and his retinue the following morning. NIH police were ordered to greet Bill at the facility's entrance and then escort the billionaire's three-vehicle convoy the final half mile to one of the main research centers, where the Director lingered in waiting. Such deference to power, said a senior Trump official when reading the Collins itinerary over the phone, is normally reserved for the president, first lady, or visiting dignitaries of state.

"Dr. Collins will meet Bill Gates after he exits the car and steps inside of the building," the itinerary read. After posing for a photo, Collins was bidden to escort the billionaire into the main auditorium and welcome the audience for Gates.

The agenda shows Collins and Gates Foundation's Trevor Mundel gave a joint introduction before stepping aside for Bill Gates's opening speech. Moderated by Dr. Anthony Fauci, the man who would later lead the U.S. medical response to COVID, the first panel included a mix of NIH and Gates executives discussing microbial outbreaks and public-private partnerships to develop pandemic-preventive vaccines.

Collins then moderated a panel on "Research on Engineered Gene Drives and Vector-Borne Disease Control: Status and Next Direction." Gene drive technology involves inserting specific genetic traits to spread rapidly throughout a population. Gates has long been a fan of gene drives to control mosquitoes, but the technology is highly controversial as it could also drive species to extinction and irrevocably alter ecosystems. The NIH's scientific program to control mosquitoes with genetic technology was apparently started with seed money from Gates in 2003. Last August, the African nation Burkina Faso suspended a malaria program funded by Gates over safety concerns.

Beginning in 2012, a Bill Gates-funded nonprofit called Target Malaria began a gene drive technology study to eradicate malaria-transmitting mosquitoes in Burkina Faso. Last August, Burkina Faso's government suspended Target Malaria's project over safety concerns and worries about the excessive influence of Bill Gates on the country's sovereignty.

Gates only stayed the morning of the 2016 meeting and left before lunch. "Bill Gates is escorted, by Dr. Collins, out of the building through the same hallway he entered," reads Collins' itinerary. "NIH Police escort Mr. Gates and staff to the exit gate."

The meeting ended with a wrap-up and review of next steps, led by Collins and a Gates executive.

Later that year, the FNIH honored the Bill & Melinda Gates Foundation and Pfizer with an award for supporting the NIH's mission. Gates was recognized for $413 million dollars in donations and Pfizer for $73 million. In a press release announcing the honor, the NIH said, "Their gifts created cornerstone programs and paved the way for our partnerships with literally hundreds of other organizations dedicated to driving biomedical research worldwide."

The FNIH continues to maintain close ties to pharmaceutical interests, a major NIH funder. The current CEO, Julie Gerberding, came to the FNIH during the COVID pandemic, having previously served as President of Merck Vaccines.

Tyler Durden Tue, 06/09/2026 - 17:00
Tyler Durden

Karmelo Anthony Convicted Of Murder In Fatal Stabbing Of Austin Metcalf

Zero Rss
3 months 2 weeks ago
Karmelo Anthony Convicted Of Murder In Fatal Stabbing Of Austin Metcalf

Summary:

  • Karmelo Anthony was found guilty of murder after a Collin County jury deliberated for less than three hours.
  • Earlier Tuesday, jurors began deliberating after closing arguments in the Karmelo Anthony murder trial.
  • The jury was asked to decide between three possible outcomes: murder, manslaughter, or not guilty.
  • The trial resumed at 9 a.m. local time, with closing arguments expected to conclude by the end of the day.​​​​​​
Karmelo Anthony Convicted of Murder in Fatal Stabbing of Austin Metcalf

Shortly before 3:30 p.m. ET, Judge John Roach told the courtroom in Collin County, Texas, "We're about to get a verdict. I know it's emotional. I will hold you in contempt if you express your emotions in here."

The jury deliberated for less than three hours on Tuesday before reaching a unanimous verdict, finding Karmelo Anthony guilty of murder in the stabbing death of Austin Metcalf during a school track meet in April 2025.

Local news outlet NBC DFW reports:

Karmelo Anthony, a Frisco teenager who admitted to fatally stabbing a student during a confrontation at a high school track meet on April 2, 2025, has been found guilty of murder. A Collin County jury deliberated for less than three hours on Tuesday before reaching its unanimous verdict.

The same jury will now decide Karmelo Anthony's sentence. Texas law says a murder conviction is punishable by five to 99 years in state prison.

During the sentencing phase, the defense can argue that the murder was committed under the immediate influence of "sudden passion." Prosecutor Dewey Mitchell mentioned sudden passion during voir dire and explained that it was "a situation when someone is in such a state of emotion, based on something that just happened, that they don't have time to cool off." If the jury agrees, the charge is reduced to a second-degree felony, which lowers the punishment range to 2 to 20 years in prison.

Karmelo Anthony remained emotionless when the verdict was read. He was escorted out shortly thereafter.

NBC 5's Maria Guerrero, who is inside the courtroom, reported that Anthony's family and supporters were tearful as the jury handed down their verdict. His mother was seen weeping in the gallery.

Hunter Metcalf leaned forward in his seat as Anthony was found guilty of murdering his twin brother.

NBC DFW continued in a separate update:

Judge John Roach called for a brief recess at 2:37 p.m. The trial is expected to resume shortly. When the jury returns to the courtroom, the sentencing phase will begin, and jurors will decide if Anthony will spend between 5 and 99 years in prison.

🚨 BREAKING: KARMELO ANTHONY FOUND *GUILTY* OF MURDERING AUSTIN METCALF — faces up to LIFE IN PRISON

The jury deliberated for just a few hours. PREPARE FOR RIOTS. LOCK HIM UP!

JUSTICE for Metcalf and his family 🙏🏻

Murderers SHOULD be getting the death penalty, but at least… pic.twitter.com/ipfZYvXFKP

— Eric Daugherty (@EricLDaugh) June 9, 2026

The question now is whether far-left nonprofit networks will mobilize activists and attempt to riot in response to the ruling.

🚨 NOW: BLACK PANTHERS are attempting to launch a RACE WAR outside the Collin County Courthouse after Karmelo Anthony was found GUILTY

“We got to tell our kids the truth that this is a RACIST-ASS COUNTRY We gotta tell them the truth.”

“THIS IS A WAR”

“Don't NOBODY want to hear… pic.twitter.com/MoCQSQRQlE

— Nick Sortor (@nicksortor) June 9, 2026 Eyewitness Testimony Undercuts Self-Defense Claim In Austin Metcalf Killing

Via American Greatness,

Testimony from multiple eyewitnesses cast doubt on Karmelo Anthony's claim that he acted in self-defense when he fatally stabbed 17-year-old Austin Metcalf at a track meet.

Several student witnesses described a confrontation in which Anthony, 19, allegedly refused repeated requests to leave a tent occupied by students from Frisco Memorial High School before the encounter turned deadly.

One 17-year-old student-athlete testified that Anthony did not appear to be acting in self-defense.

According to the witness, Anthony kept his hands inside his backpack until Metcalf shoved him, at which point he allegedly pulled out a knife and stabbed the teen in the chest.

"That's lethal force against non-lethal," the witness told the court.

The testimony directly challenged a central argument advanced by Anthony's defense team. Anthony has claimed that Metcalf and his brother, Hunter, confronted him together, forcing him to use the knife to protect himself.

However, the 17-year-old witness testified that he never observed the brothers ganging up on Anthony.

Other witnesses described an escalating confrontation after Anthony entered the Frisco Memorial team tent.

According to testimony, students repeatedly asked Anthony to leave, with one witness estimating that the requests were made as many as 15 times.

A 15-year-old witness told the court that Anthony "tried to provoke us" after being asked to leave. The witness later stated, "He committed murder."

A 16-year-old student recounted that Anthony sat down inside the tent and attempted to start a conversation, allegedly saying, "Crazy weather, huh?"

Witnesses testified that members of the Memorial team then asked Anthony to leave. Instead, they said, he became increasingly agitated and refused to go.

According to testimony, Anthony responded by saying, "F–k y'all. I'm not going to leave."

Witnesses further alleged that Anthony taunted the students, saying, "Y'all are a bunch of p–sies. Y'all not going to do anything. Touch me and see what happens."

Several witnesses also testified that Metcalf sought to avoid a physical confrontation.

According to their accounts, Metcalf told Anthony, "I'm not going to fight you."

One student offered a different version of events, testifying that Anthony had been invited into the tent by a teammate. However, the witness also stated there was no apparent reason for someone to bring a knife to a track event.

Tyler Durden Tue, 06/09/2026 - 17:00
Tyler Durden

Man Accused In Fatal Charlotte Train Stabbing Ruled Incompetent To Stand Trial

Zero Rss
3 months 2 weeks ago
Man Accused In Fatal Charlotte Train Stabbing Ruled Incompetent To Stand Trial

Two months after mental health experts deemed Decarlos Brown Jr. incompetent to stand trial for the fatal train stabbing of 23-year-old Ukrainian refugee Iryna Zarutska last year - when Brown shouted "I got that white girl" - a federal judge has agreed with them. 

White House press secretary Karoline Leavitt speaks alongside photos of Ukrainian refugee Iryna Zarutska and Decarlos Brown Jr. during a press briefing at the White House on Sept. 9, 2025. Saul Loeb/AFP via Getty Images

Brown, 34, will be committed to a federal facility for treatment for up to four months in an attempt to restore competency, Judge Kenneth D. Bell said in his order on June 9.

After Brown's time in the treatment facility, the court will again take up the case to determine if he is then considered competent. If he is found competent, the murder case will resume.

If he is not found to be competent, and the court finds he cannot be restored to competency, the court will rule on further treatment.

The defendant stands accused of stabbing Zarutska to death on a Charlotte, North Carolina, commuter train in August 2025.

Brown was charged with one count of Violence Against a Railroad Carrier and Mass Transportation System Resulting in Death. If convicted, the defendant faces the death penalty.

A random horror caught on camera

As we noted in April, the killing occurred on the evening of August 22, 2025. Twenty-three-year-old Iryna Zarutska, still wearing her black baseball cap from her shift at Zepeddie’s Pizza, boarded the Lynx Blue Line light-rail train heading home. She took a seat. Seconds later, Brown - already seated directly behind her - pulled a pocketknife from his hoodie and stabbed her three times in the neck and upper body in a sudden, unprovoked attack.

Surveillance video, which quickly circulated online, captured the gruesome moment: Zarutska’s desperate attempts to fight back as blood poured from her wounds, while other passengers initially failed to intervene. Brown stood, wandered through the train leaving a trail of blood, and exited at the East/West Boulevard station. He was arrested on the platform minutes later. Investigators say he told officers he believed the young woman had been “reading his mind.”

Zarutska, who had fled the Russian invasion of Ukraine in 2022 seeking safety and a new life in America, died at the scene. Friends and family described her as vibrant, hardworking, and full of hope. Heart-wrenching videos later shared by loved ones showed her laughing, cooking, and enjoying simple moments with friends—images that stood in heartbreaking contrast to the brutality of her final minutes.

A suspect with a long trail of red flags

Brown was no stranger to the justice system. Court records and family statements show he had amassed more than 14 arrests in North Carolina since 2007, including charges for assault, firearms violations, and felony robbery.

Two years after he was released from a five-year sentence for robbery, the same year Zarutska fled Ukraine, Brown was arrested again for assaulting his sister, who did not pursue charges. 

His mother and sister have publicly described a sharp decline in his mental health after a prison stint, including violent outbursts, delusions, and refusal to take prescribed medication for schizophrenia. Despite multiple attempts by his family to have him involuntarily committed, he was repeatedly released - most recently on cashless bail after what authorities described as a bogus 911 call.

* * * Top sellers

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Community members gather for a vigil honoring the life of Iryna Zarutska, who was fatally stabbed on a commuter train last month, Monday, Sept. 22, 2025, in Charlotte, N.C. Tyler Durden Tue, 06/09/2026 - 16:40
Tyler Durden

55% Of Democrats Would Prefer Living Outside The US; Survey Finds

Zero Rss
3 months 2 weeks ago
55% Of Democrats Would Prefer Living Outside The US; Survey Finds

Authored by Bryan Hyde via American Greatness,

A poll conducted last month shows 55 percent of Democrats answering affirmatively when asked "Is there any other country on Earth you would rather live in than the United States today?"

Breitbart reports that the Elon University/YouGov America 250 National Survey conducted between April 30 and May 4 asked 1,000 US adults ages 18 and older about their feelings as the nation prepares to celebrate its 250th year.

Thirty-eight percent of Independents answered yes while only 10 percent of Republicans said the same.

Jason Husser, director of the Elon University Poll, described a country that remains proud but uneasy as the anniversary approaches.

According to a new Elon University/YouGov poll, a full *55%* of Democrats said that they would rather live in a different country than the United States.

Only 10% of Republicans said the same. pic.twitter.com/cSpccKhC6d

— Greg Price (@greg_price11) June 7, 2026

When respondents were asked where they would choose to live outside the US, Canada topped the wish list at 19 percent, followed by the United Kingdom at 9 percent, and Japan and Australia at 5 percent each. Ireland, Switzerland, Norway, and Italy also drew interest.

According to PJ Media, the same survey found 68 percent of adults said they are proud to be American, with 95 percent of Republicans answering in the affirmative, 62 percent of independents and only 48 percent of Democrats. Similarly, a poll conducted last fall showed a majority of Democrat voters aligned with socialism over capitalism and supported far-left candidates, stating:

Unsurprisingly, the survey found that socialism is largely toxic to Republicans and many independents, explaining why far-left Democrats have had more success in places like New York City but have struggled in red and battleground areas. The poll also found that a plurality of independent voters and Republicans prefer capitalism.

American voters are leaning away from Democrats as the critical midterms approach, with a recent CNN poll showing Democrat support sliding.

In April, Rep. Jim Jordan (R-OH) summarized the battle for the midterms, saying, "I think this election actually comes down ... to two sentences, and those sentences are 'They're crazy. We're not.' And I think we have to highlight that for the American people."

Tyler Durden Tue, 06/09/2026 - 16:20
Tyler Durden

Dan Loeb Reveals DOJ Threat To Trump Over Ross Ulbricht Commutation In Final Hours Of First Term

Zero Rss
3 months 2 weeks ago
Dan Loeb Reveals DOJ Threat To Trump Over Ross Ulbricht Commutation In Final Hours Of First Term

Authored by Juan Galt via Bitcoin Magazine,

Hedge fund manager Dan Loeb has publicly claimed that the Department of Justice threatened President Donald Trump in the final hours of Trump's first term in January 2021, warning it would "go after" him if he commuted the sentence of Ross Ulbricht, creator of the Bitcoin-powered Silk Road marketplace. After the reported threat, Trump withdrew the commutation, forcing Ulbricht to serve four additional years in prison before receiving a full pardon in January 2025 during Trump's second term.

Loeb, founder and CEO of Third Point LLC, made the revelation on the All-In Podcast while discussing his role in criminal justice reform and Ulbricht's clemency efforts. "On the last day of Trump's 45th term, we were certain that he was going to get out," Loeb stated. "And the Justice Department, for whatever reason, said, 'If you commute his sentence, we're going to go after you,' to the president. So he, as I understand, he withdrew the commutation."

This account is the first public report of such a direct threat from the DOJ during the closing days of Trump's first presidency. It has not been independently corroborated by other sources to date, and no specific DOJ official has been named as delivering the warning. The claim rests on Loeb's recollection, likely conveyed through the advocacy chain that included crypto figures like Riva Tez, Charlie Kirk, and then-White House counsel David Warrington.

DOJ Leadership In January 2021

Jeffrey A. Rosen served as Acting Attorney General after William Barr's departure in late December 2020. Richard Donoghue was Acting Deputy Attorney General. The Office of the Pardon Attorney, a DOJ unit that reviews clemency petitions and issues recommendations, operated under their oversight. Presidents, including Trump, frequently bypassed standard OPA processes for politically sensitive cases.

The alleged threat appears to have gone well beyond typical DOJ advisory input on issues such as sentence proportionality, victim impact, or enforcement priorities. Ulbricht had been serving a double life sentence plus 40 years following his 2015 conviction on charges including operating a continuing criminal enterprise, narcotics distribution via the internet, money laundering, and hacking. Contrary to popular belief and widely publicized insinuations by the mainstream media, Ulbricht was never prosecuted on any charges related to murder for hire.

Silk Road, which relied primarily on Bitcoin for transactions, represented one of the earliest large-scale experiments in the use of an alternative currency to the dollar, making the case and its history foundational to the Bitcoin community.

A warning framed as potential retaliation against the President himself would constitute an extraordinary escalation in tensions between the executive branch and the Department of Justice over clemency authority. Such pushback likely stemmed from institutional concerns about appearing soft on major drug trafficking and money laundering cases tied to the early Bitcoin economy.

Four-Year Delay And Political Impact

The reported DOJ intervention in the final days of Trump's first term cost Ulbricht four more years behind bars. As Loeb recounted, Charlie Kirk later took the lead on the clemency effort. "This was his only ask of the president," Loeb said, referring to Kirk. Kirk's advocacy helped turn Ulbricht's release into Trump's primary promise to libertarians and the crypto community during the 2024 campaign. Trump delivered on that promise with a full and unconditional pardon early in his second term.

Ironically, the delay strengthened the "Free Ross" movement. What began as advocacy for clemency in a case viewed by many in Bitcoin circles as emblematic of government overreach evolved into a potent political force. The campaign highlighted issues of disproportionate sentencing, self-custody, privacy tools, and resistance to broadly unpopular and ineffective war on drugs, core themes in Bitcoin's ethos of financial sovereignty and of high importance to the libertarian voting block. This momentum and Trump's promise to pardon Ulbricht are widely considered to have earned Trump the libertarian and crypto vote in 2024.

Broader Context For Bitcoin

Loeb framed his involvement in Ulbricht's case as part of broader criminal justice reform, linking it to his broader philanthropy efforts on education and concerns over opportunity and income inequality. He highlighted three categories for clemency: the wrongly convicted, the rehabilitated, and those with disproportionately harsh sentences. Ulbricht, who acknowledged wrongdoing on Silk Road while denying murder-for-hire allegations, fit the latter category in Loeb's assessment.

The episode highlights ongoing tensions between law enforcement, Bitcoin innovation, and the libertarian culture that makes up a large part of the U.S. public. Silk Road, one of the earliest Bitcoin marketplaces, remains a reference point in debates over decentralization, privacy, and regulatory overreach. Similar cases continue to draw attention in the Bitcoin community, including Bitcoin activist Ian Freeman, the developers of the Samourai Wallet privacy tool, and Roman Storm of Tornado Cash - all facing charges viewed by many as attacks on Libertarian leaders, the freedom of commerce, self-custody and financial privacy tools.

Tyler Durden Tue, 06/09/2026 - 15:40
Tyler Durden

Goldman Details A Quiet Month For Western Nuclear While Russia And China Pick Up Speed

Zero Rss
3 months 2 weeks ago
Goldman Details A Quiet Month For Western Nuclear While Russia And China Pick Up Speed

May saw multiple significant milestones and announcements in the Western nuclear industry. One of the biggest achievements was in the US last week when microreactor developer Antares brought their pilot design critical for the first time. 

There were other major wins with Constellation clearing a path to bring their Three Mile Island reactor plant back to the grid years ahead of schedule, new partnerships with data centers and reactor developers including NANO and Supermicro, and Westinghouse owner Cameco stating there are as many as 20 new large reactors in the pipeline, to be formally announced in the near future. 

Unfortunately, that's all the West really has to show over these past few weeks: proposals and R&D milestones. 

Looking at the only scoreboard that really matters, China is now building 40 grid-scale nuclear reactors.   

Goldman Sachs analyst Brian Lee reviews headlines across the nuclear industry for May. 

New reactor progress and announcements North America

5/15/2026 - United States - The US DOE has awarded ~$94m to eight companies to support near-term SMR deployment, targeting licensing, site preparation, and supply-chain gaps to accelerate Gen III+ SMRs in the 2030s.

Europe

5/13/2026 - Belgium and Netherlands - Belgium and the Netherlands signed an MoU to strengthen nuclear cooperation, focusing on R&D, knowledge sharing, supply chains, and workforce development, while leveraging Belgium's operating experience and Dutch new-build/SMR plans.

Asia and other

5/11/2026 - China - Construction has begun on Unit 4 at China's Taipingling nuclear plant, with first concrete poured on 10 May, marking the start of full-scale build for the fourth of six Hualong One (HPR1000) reactors planned at the site.

5/11/2026 - Iran - Rosatom is continuing construction of Bushehr Units 2 and 3, with Unit 2 now over 60% complete and steam generators ~50% complete. Work remains focused on site construction and workforce ramp-up, with key equipment shipments expected from next year and manufacturing ongoing for Unit 3.

5/12/2026 - India - India has approved the restart of Tarapur Unit 2 after major refurbishment, allowing another 10 years of operation, while NTPC is advancing feasibility studies for its first nuclear project, marking progress toward private sector involvement in new builds.

5/13/2026 - Indonesia - Russia and Indonesia have discussed cooperation on nuclear energy, with Rosatom offering a full-scope partnership covering large reactors, SMRs, and floating plants, alongside support for infrastructure, localisation, and workforce development.

5/21/2026 - China & Russia - China and Russia signed three nuclear MoUs covering workforce development, fusion, and advanced science cooperation, reinforcing collaboration in future nuclear technologies.

5/22/2026 - Kazakhstan - Kazakhstan approved a localisation plan to build a domestic nuclear supply chain, aiming to raise local content to ~30% and support local firms' participation in upcoming nuclear projects.

5/22/2026 - Argentina - Argentina has granted Atucha II a 10-year operating licence extension, allowing the plant to run until May 2036, following regulatory inspections confirming it meets safety and operational requirements for continued service.

5/28/2026 - Kazakhstan - Russia and Kazakhstan have signed an agreement to build Kazakhstan's first nuclear power plant, setting out project terms, financing (including a Russian export loan), and long-term cooperation.

5/29/2026 - South Korea - Construction has begun on Shin Hanul Unit 4 in South Korea, with first concrete poured for the reactor building, marking the official start of works. The APR1400 unit is targeted for completion in 2033, alongside Unit 3 (2022–33 timeline).

SMR announcement tracker

5/13/2026 - India - Tata Power's CEO confirmed the company is advancing SMR plans, preparing detailed project reports with NPCIL for two 220 MWe reactors, while conducting site studies across three Indian states to support potential deployment.

5/14/2026 - United States - FANCO and AtkinsRéalis have formed a strategic alliance to deploy the EAGL-1 SMR, combining capabilities to develop, test, and license the reactor and associated fuel facilities, with AtkinsRéalis serving as exclusive EPCM provider in North America and supporting scalable deployment targeted by 2033.

5/18/2026 - Sweden - Blykalla has applied to build a six-reactor SEALER SMR plant in Norrsundet, Sweden, with ~330 MWe total capacity, marking Sweden's first application for a commercial advanced reactor park and initiating the formal government approval process.

5/19/2026 - United States - The US NRC has completed its environmental assessment for the proposed Long Mott SMR plant in Texas, finding no significant environmental impact, marking a key licensing milestone that allows the project, featuring four X-energy Xe-100 reactors at Dow's Seadrift site to progress further through the regulatory approval process.

5/20/2026 - Rwanda - Rwanda and the US have signed an MoU on civil nuclear cooperation, establishing a framework to strengthen collaboration on nuclear energy development, with a focus on safety, security, and non-proliferation standards.

5/20/2026 - United States - Deep Fission is targeting a ~$1.66bn valuation via a planned Nasdaq IPO, aiming to raise ~$156m to fund R&D, licensing, and construction of its first pilot reactor. The company is developing 15 MWe borehole SMRs deployed ~1 mile underground, targeting applications such as data centres and large power users.

5/21/2026 - United States - The US NRC has accepted the application for a KRONOS microreactor at the University of Illinois for formal review, confirming it contains sufficient information to begin detailed safety, environmental, and technical evaluation.

5/21/2026 - South Korea - TerraPower has partnered with HD Hyundai and Hyundai Engineering to support Natrium deployment, including manufacturing, supply chain, and construction of multiple units.

5/26/2026 - France - Newcleo has installed the main vessel for its non-nuclear PRECURSOR demonstrator in Italy, a key step in developing its lead-cooled fast reactor (LFR) technology. The 10 MW test system, due for completion in 2026, will simulate reactor operations and support progress toward the company's 30 MWe demonstration reactor.

5/26/2026 - Sweden - Studsvik has submitted a third application in Sweden to build an SMR plant, proposing 2–4 light-water reactors (~600–1,400 MWe total) at its Nyköping site, with a target for first operations in the 2030s (subject to approvals).

5/26/2026 - United States - Deployable Energy has received DOE approval of the PDSA for its Unity microreactor, establishing the initial safety basis for testing and enabling the project to move into final preparations for demonstration, commissioning, and startup under DOE oversight.

5/27/2026 - Russia - Rosatom has completed the first RITM-200C reactor unit for a floating nuclear power plant, marking the start of series production for its planned fleet. The ~58 MWe reactor will be installed (two per unit) on floating plants to supply power to a copper mining cluster in Chukotka, supporting low-carbon energy for remote industrial use.

5/28/2026 - UK - Rolls-Royce SMR has selected Škoda JS and Doosan Enerbility for pre-production of key reactor components, supporting design, manufacturing readiness, and early project delivery.

6/4/2026 - United States - The DOE announced that Antares Nuclear's Mark-0 advanced reactor became the first reactor under its Reactor Plot Program to successfully complete a zero-power fueled criticality demonstration. This achievement occurred a month ahead of the July 4th deadline set by President Trump's Executive Order, and represents the first reactor in more than four decades to achieve criticality in the US.

Global reactor critical updates

In the month of May, there have been few changes to new reactor construction starts, grid connections, shutdowns, or restarts.

Global reactor construction tracker

Fuel announcements

5/6/2026 - United States - BWXT has secured its first customer for its $500m TRISO fuel plant in Gillette, with Kairos Power expected to both purchase fuel and partner on production, marking early external demand for the facility beyond BWXT's own needs. The plant is currently in development with construction targeted around 2028 and operations expected by 2030–31.

5/13/2026 - Czech Republic - Framatome and Czech Research Centre Řež have signed a cooperation deal to develop innovative fuels for research reactors, focusing on supporting the safe, flexible use of different fuel types at the LVR-15 and LR-0 reactors and advancing fuel design, core modelling, and optimisation work.

5/22/2026 - United States - Antares signed a long-term HALEU supply deal with Urenco, securing fuel for its microreactors (expected online ~2031) and marking the first multi-year HALEU contract.

5/22/2026 - United States - The US NRC has begun an accelerated review of Orano's Project IKE uranium enrichment plant, targeting completion of the technical licensing review within ~12 months (by April 2027) after formally accepting the application.

5/27/2026 - United States - Oklo has been selected by the US DOE for advanced negotiations under its Surplus Plutonium Utilization Program, which aims to convert surplus plutonium into fuel for advanced reactors, with Oklo expected to lead utilization efforts (with Newcleo support).

6/4/2026 - United States - XE's 1Q26 earnings results included an update on its fuel manufacturing build out, with its TX-1 facility now 56% complete and operations expected to commence by 1H28. This facility can support 11 reactors at steady state, with its TX-2 facility, which is still in the planning and design phase, expected to support another 44 reactors.

6/4/2026 - United States - SOLS held a webinar on its uranium conversion business, including a market overview, key competitive advantages, adj. EBITDA growth targets, opportunities within non-conversion capabilities, and thoughts on potential capacity expansion.

Uranium pricing and volume trackers

Spot pricing remained broadly range-bound. Spot U₃O₈ prices were largely stable through early May in the mid $80s (~$86/lb), before softening in the second half of the month and briefly declining to ~$83/lb. Prices subsequently rebounded into late May and early June, recovering to ~$85–86/lb as buying interest re-emerged. Market activity remained intermittent throughout the period, with trading flows largely episodic and driven by traders, while financial participation, including SPUT, appeared opportunistic rather than sustained.

Term pricing firm, supported by tightening fundamentals. Term uranium pricing remained resilient, with long-term indicators holding around ~$90/lb and rising toward ~$93/lb into late May, reinforcing the view of a structurally higher pricing band. Market backdrop continued to point to tightening supply-demand fundamentals, with 2026 primary production expected to fall short of base demand, implying a need for secondary supplies and supporting longer-term price signals. Overall, term market conditions remain constructive, though execution continues to be selective.

Tyler Durden Tue, 06/09/2026 - 15:20
Tyler Durden

From Classes On Bad Bunny To 'Queering God' Higher-Ed Has Lost Its Way

Zero Rss
3 months 2 weeks ago
From Classes On Bad Bunny To 'Queering God' Higher-Ed Has Lost Its Way

Via The College Fix,

Higher education is not what it used to be.

Gone are the days when students were required to study the classics. Nowadays it seems like any gibberish can pass for scholarly study.

The examples are myriad, write Daniel Buck, a research fellow at the American Enterprise Institute, and Garion Frankel, incoming editor at the James G. Martin Center for Academic Renewal.

“Oregon State University offers ‘Disney: Gender, Race, and Empire.’

Students at Indiana University can attend the course, ‘Having it All: Postfeminist Media After Sex and the City,'” the two wrote in The Hill on June 2.

“How about ‘Bad Bunny: Musical Aesthetics and Politics’ at Yale University? The Bad Bunny Syllabus that inspires this course — which lists topics such as ‘LGBTQ Activism,’ ‘Gender and Sexuality in Reggaeton’ and ‘Political Protests of Summer 2019’ for study - is also in use at Wellesley College and Loyola Marymount University.

Both Swarthmore College and the University of Chicago offer courses on ‘Queering God.'”

The scholars go on to note these classes are no outliers:

Harvard offers an English course, “Taylor Swift and Her World.”

At UC Berkeley’s Haas School of Business, students can take “Artistry, Policy, and Entrepreneurship: Taylor’s Version” through the Department of Economics.

Penn State Berks offers a course titled, “Taylor Swift, Gender, and Communication.”

Another unofficial sub-genre of courses focuses on Korean pop music — “Lights, Camera, Action: The Visual Culture of K-Pop” at Columbia University, “K-Pop and Human Rights” at Binghamton University, “Kangnam Style: K-Pop and the Globalization of Korean Soft Power” at Stanford University, or “K-Pop and J-Pop Culture” at Florida International University.

The scholars point out that at a time when the return on investment for a four-year degree is plummeting and trust in higher education is at an all-time low, colleges and universities should return to their true purpose.

“A student who can tell you all about Swift’s entrepreneurship but cannot write a five-paragraph essay is not educated, but entertained,” the duo wrote.

“Why attend college in the first place? Universities were once places where students and faculty alike pursued higher aims — truth, beauty, ethics and even the divine.

What are they now? Too often, they resemble four-year summer camps, designed to make students comfortable with a participation diploma at the end.”

Tyler Durden Tue, 06/09/2026 - 15:00
Tyler Durden

AI Agents With Crypto Could Escape And Become 'Unstoppable', Experts Warn

Zero Rss
3 months 2 weeks ago
AI Agents With Crypto Could Escape And Become 'Unstoppable', Experts Warn

Authored by Martin Young via CoinTelegraph.com,

Artificial intelligence agents that have autonomous access to crypto wallets could become unstoppable if deployed maliciously or if they escape from sandboxes, experts from a leading academic research consortium warned.

“Unstoppable Autonomous Agents” (UAAs) pose a clear threat if they are deployed to persist automatically and have access to digital assets, according to a June 8 industry review written by 25 academics and experts from top US universities for the Initiative for Cryptocurrencies and Contracts (IC3).

“When combined systematically, crypto tools can channel AI’s fluid power into secure, reliable, and highly autonomous systems,” the researchers wrote.

However, this combination could have “far-reaching consequences for users and the financial system,” they added. 

UAAs may also be equipped with access to cryptocurrency wallets, social media accounts, APIs, and other external tools, said the researchers.

“The capabilities enabling such agents are already emerging and improving rapidly.” 

The warning comes as crypto projects and executives have been pushing the agentic payment and micropayment economy narrative this year, suggesting it could be the biggest use case for decentralized digital assets. 

AI self-replication alarm bells

The paper also revealed that existing models can already “surpass self-replication red lines” in local environments, by autonomously creating a live, separate copy of themselves on the same machine, “a capability that could let a system evade shutdown and proliferate.”

Because reward signals used in training often fail to perfectly capture the intended objectives, “UAAs deployed for benign purposes may inadvertently cause harm,” or pursue resource acquisition as a default strategy, they said. 

However, the authors noted that models have yet to replicate themselves onto external infrastructure.

Potential AI agent insider trading advantages 

A fleet of self-replicating, resource-acquiring agents could also create unpredictable demand and liquidity dynamics in crypto markets. 

“AI-powered trading systems could enable collusion between autonomous agents and create unfair insider advantages through opaque strategies.”

The tech sector is already dealing with difficult questions about the threat of unmitigated AI. 

Models such as Anthropic’s Claude Mythos have already been shown to be capable of finding and exploiting zero-day vulnerabilities in major operating systems. 

Professor Ari Juels, IC3 co-director and Chainlink Labs chief scientist, presents the paper at ETHConf. Source: IC3

Meanwhile, Gartner warned in late May that governance failures around autonomous AI agents could trigger widespread enterprise failures, predicting 40% of companies will be forced to decommission their agents by 2027. 

“The harms that could follow from fully autonomous agents of this kind are severe,” the researchers said, suggesting circuit breaker guardrails.

Tyler Durden Tue, 06/09/2026 - 14:20
Tyler Durden

U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated

Zero Rss
3 months 2 weeks ago
U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated

The good news for US farmers is that urea fertilizer prices have returned to pre-US-Iran conflict levels after spiking from late February through mid-April. This is great news for farmers, though they are not out of the woods, as drought continues to plague some of the nation’s top agricultural belts.

Prices for granular urea in New Orleans have slumped 36% since peaking at $710 per short ton in mid-April. Spot prices are currently $453, back to pre-conflict levels.

Bloomberg Intelligence analysts noted that a combination of oversupply and weak demand is pressuring US urea spot prices, which have fallen below those seen in more import-dependent markets such as Brazil and Egypt. The reversal in nitrogen fertilizer prices benefits farmers while also reducing part of the windfall enjoyed by CF Industries and Nutrien.

Shares of CF Industries and Nutrien are both down about 20%, closely tracking urea spot prices.

Urea was among the crop nutrients most affected by the Gulf-area energy shock, with nearly half of global exports originating in the region. There have been concerns about a global food shortage that could emerge later in the year.

Drought concerns still plague top agricultural belts in the US.

Meanwhile, on the otherside of the world:

  • UBS Warns El Nino May Intensify Food Inflation Across Asia

One troubling development in food has been the surge in rice prices, with the regional Asian benchmark rising 20% in May, the largest monthly increase since 2008. It is important to closely monitor global food prices.

Tyler Durden Tue, 06/09/2026 - 14:00
Tyler Durden

Hakeem Jeffries Humiliated After Trump Attack Backfires

Zero Rss
3 months 2 weeks ago
Hakeem Jeffries Humiliated After Trump Attack Backfires

Authored by Matt Margolis via PJMedia.com,

Rep. Hakeem Jeffries (D-N.Y.) tried to score points off Donald Trump's appearance at Madison Square Garden for Game 3 of the NBA Finals. And, oh boy, did it backfire spectacularly.

Monday's press conference gave the House Minority Leader a stage, and he used it to attack Trump’s planned appearance at the game and to question whether Trump was even a true Knicks fan.

"I think Knicks fans just want to enjoy Game 3, the first home [NBA Finals] game that we've had in 27 years," Jeffries said.

"But it also is not clear to me that Donald Trump is a big Knicks fan. I mean, does this guy even know the difference between Karl Rove and Karl Anthony Towns? I don't think so. He's just injecting himself into the NBA Finals because he always has to bring the MAGA circus into town, and that's unfortunate."

The problem with Jeffries’ claim is that Trump is, in fact, a longtime Knicks fan, and there is photographic and video evidence of Trump attending Knicks games going back decades.

NEW YORK - CIRCA 1993: Donald Trump looks on during an New York Knicks NBA Basketball game circa 1993 at Madison Square Garden in the Manhattan Borough of New York City. (Photo by Focus on Sport/Getty Images)

New York, N.Y.: Donald Trump attends the New York Knicks game with… https://t.co/sYd9Pka3zX pic.twitter.com/y0dTsgTwUf

— Apple Lamps (@lamps_apple) June 8, 2026

pic.twitter.com/EAWnPIxKKW

— Apple Lamps (@lamps_apple) June 8, 2026

pic.twitter.com/PDHOspenZI nah he’s a not Knick Fan? 😂. “Dime Store Obama” is the big Knick Fan that’s never been seen at a single game….

— Louis Buchalter (@lepke2112) June 8, 2026

Heck, even CNN mocked the idea that Trump isn’t a true New York sports fan:

Trump is the BOSS 🏀 pic.twitter.com/2Ihwx0Ompw

— Politikal Kat-Tales (@PolitiKatTales) June 8, 2026

Then NBA Commissioner Adam Silver, not exactly a Trump surrogate, finished it off entirely.

"I've been with the league for a long time," Silver said. "I ran NBA Entertainment years ago. He did an I love game spot with us. He had courtside seats. He was here all the time. He was at the draft. So he's a genuine Knicks fan."

.@NBA Commissioner Adam Silver: President Trump was a fixture at Madison Square Garden. He had courtside seats. He was here all the time, he was at Drafts — so he's a genuine @nyknicks fan. pic.twitter.com/Cxb1fU8cfM

— Rapid Response 47 (@RapidResponse47) June 9, 2026

A genuine Knicks fan. Certified by the commissioner of the NBA.

What’s the point of even questioning Trump’s fandom? It’s stupid, and Democrats only embarrass themselves when they try. Heck, it was just a couple of weeks ago that Gov. Kathy Hochul (D-N.Y.) set this same trap for herself when Trump's plans to attend the game were first made public. She posed what she thought was a clever trivia challenge. "I'd ask him to name the starting lineup of the 1993 championship team and see how he does," Hochul said.

“I’d ask him to name the starting lineup of the 1993 Championship team and see how he does."

New York Governor Kathy Hochul forgot that the Knicks last won in 1973 when asked about Donald Trump's Knicks fandom. 😬 pic.twitter.com/ouFbEiGYQE

— New York Post Sports (@nypostsports) May 27, 2026

The Knicks didn't win the championship in 1993. Their last title came in 1973. Hochul's gotcha question exposed a gap in her own knowledge of the franchise she was pretending to defend.

Democrats questioning anyone's sports credibility is well-trodden comedy territory. In 2004, Democrat presidential nominee John Kerry called the Green Bay Packers' home stadium "Lambert Field" instead of Lambeau Field. He also named his favorite Red Sox slugger as "Manny Ortez," an apparent mashup of Manny Ramirez and David Ortiz. Kerry was performing fandom, and it showed.

That's the pattern here. The far left can't accept that Trump is genuine about much of anything, so the instinct is to attack first and check facts later. Jeffries grabbed a talking point and humiliated himself in the process.

And in the end, was any of this worth it? Trump went to a basketball game. Attacking him for it was always going to be a losing play.

Tyler Durden Tue, 06/09/2026 - 13:40
Tyler Durden

Mediocre 3Y Auction Tails Despite Solid Buyside Demand

Zero Rss
3 months 2 weeks ago
Mediocre 3Y Auction Tails Despite Solid Buyside Demand

With markets thrown in turmoil following Trump's threat to restart war against Iran in retaliation for downing a US Apache helicopter, it wasn't clear how today's $58 billion 3 year auction would go. In the end, it wasn't great, or terrible: a little tail, but besides that all metrics were relatively solid.  

The auction priced at a high yield of 4.192%, up from 3.965% in May and the highest yield since Feb '25. It tailed the When Issued 4.189% by 0.3bps, the 2nd consecutive tail.

The bid to cover was 2.645, up from 2.540 last month, and above the recent average of 2.614. 

The internals were also solid, with Indirects awarded 63.7%, up from 62.96%, though just below the 6-auction average of 63.87%. Directs were awarded 21.01%, modestly higher than 20.14% last month leaving dealers holding 15.28%, a slight decline from 16.90% last month.

Overall, this was an average auction, with forgettable metrics, which was to be expected in light of the broader market selling that provided a buffer to any lack of buyer demand. It also signaled that despite expectations that tomorrow's CPI will be the first 4%+ print in 4 years, the bond market isn't too worried... yet. 

Tyler Durden Tue, 06/09/2026 - 13:28
Tyler Durden

New Clues In Apple's iOS 27 Hints At Upcoming Foldable iPhone Launch

Zero Rss
3 months 2 weeks ago
New Clues In Apple's iOS 27 Hints At Upcoming Foldable iPhone Launch

Software researcher M1Astra shared with Bloomberg new clues embedded deep within Apple's iOS 27 developer beta that suggest the long-awaited foldable iPhone remains on track for a September debut, alongside the iPhone 18 Pro lineup.

"Apple's iOS 27 and related software updates offer the clearest public signs yet of the company's upcoming foldable iPhone, revealing references to folding hardware and new features designed for larger, more flexible displays," Bloomberg reporter Mark Gurman wrote on X, refering to M1Astra's findings that show within iOS 27 developer beta, there are code strings related to determining whether a device is folded or unfolded.

also a new MG key to get the total count of built-in displays pic.twitter.com/0uhik5DWRO

— sam henri gold (@samhenrigold) June 8, 2026

Files inside the first iOS 27 developer beta include references to "foldState," "mechanicalAngleDegrees," and "angleDegrees," suggesting the iOS can detect whether a device is folded, unfolded, or partially opened around a hinge. Other repair-related code mentions a secondary display, a second cover glass, and additional light sensors.

New in macOS 27:

You can now resize iPhone mirroring to look like an iPad display pic.twitter.com/8rVy7aTCYd

— Aaron (@aaronp613) June 8, 2026

The clues come as Bloomberg previously reported that the foldable iPhone remains on track for a September launch alongside the iPhone 18 Pro lineup, with pricing expected to start around $2,000. This would be the most important iPhone design shift in the nearly 20-year-old iPhone lineup.

However, Apple is late to the game. The first available foldable smartphone with a flexible display was the Royole FlexPai, announced in October 2018 and shipped in December 2018. By early 2019, Samsung had released the Galaxy Fold, and other brands were launching their foldable models.

On Monday, Apple unveiled Siri AI and the next generation of Apple Intelligence during its Worldwide Developers Conference.

Our coverage:

  • Apple's Long-Awaited AI Siri Fails To Impress As Shares Pump Then Dump During WWDC

Goldman analyst Michael Ng has provided clients with the key takeaways from WWDC:

We attended AAPL's WWDC keynote and investor event at Apple Park in Cupertino, CA on June 8th, where the company announced key features for iOS 27, Apple Intelligence, and Siri AI. AAPL was down 1% on the day, in line with AAPL's average day-of WWDC performance, with announcements around Apple Intelligence & Siri AI largely in line with expectations. We viewed the announcements as positive with visibility into Siri AI timing, confidence in the completeness of features, and early signs of monetization through iCloud+ subscriptions and product refresh.

First, Siri AI will be available in beta this fall in English. The keynote and follow-up presentations that we attended were notable in that Siri AI demonstrations all appeared to be utilizing real features (e.g., the presentation we attended included a live demo), suggesting to us that Siri AI features are largely complete and likely will hit key timelines. Second, rate limits should drive monetization opportunities. Some features, including image generation, have daily usage limits because they rely on powerful server models. Users will be able to get increased access through most iCloud+ subscription plans, which should drive direct monetization for Apple Intelligence. Third, the most advanced AI features announced today will require 12GB memory, driving a refresh opportunity. Features including expressive voices and more advanced dictation will require 12GB memory which is included in iPhone Air, iPhone 17 Pro, iPhone 17 Pro Max, iPad (M4), and select Mac (M3). We think that will help drive a multi-year product refresh cycle, particularly as AI features continue to improve and demand compounds.

Over time, we view that continued iteration of integrated AI feature releases should (a) support longer-term demand for product offerings via installed base growth and (b) support longer-term Services growth via monetization of new first-party and third-party apps as well as greater iCloud storage demand with greater personal data & content created with AI features.

1. Siri AI & iOS 27 Fall 2026 launch details: iOS 27 will be available in the fall for iPhone 11 and later, with Apple Intelligence available for iPhones 15 Pro/Pro Max and later. Siri AI will be available in beta later this year for users with devices set to English, with support for additional languages expanding over time. Apple noted that Siri AI availability for iOS 27 & iPadOS27 will be delayed in the EU due to the Digital Markets App (DMA). Additionally, Siri AI & other new Apple Intelligence features should be delayed in China as Apple works through regulatory requirements. Separately, AAPL's most powerful on-device AI model and its features (e.g., expressive Siri AI voice, advanced dictation) will be only be available for devices with at least 12 GB of unified memory including the iPhone 17 Pro/Pro Max, iPhone Air, iPads M4 & later, and Macs M3 or later.

2. Siri AI features in line with expectations: First, Siri AI will have greater personal context awareness as it draws from on-screen and historical personal data across first-party apps (e.g., Photos, Messages, Mail, Music), third party apps, the web, and Visual Intelligence (via device camera) to inform its answers & action execution for queries & requests. Second, Siri AI will allow users to personalize Siri's voice for pace, as well as expressivity (for devices with at least 12 GB of unified memory). Third, Siri AI will have a dedicated app from which users can recall and continue prior conversations. Fourth, Apple demonstrated Siri AI's ability to engage across a user's complete device ecosystem (e.g., Visual Intelligence identifying nutrition facts for food captured on-camera, splitting bills via receipts, creating an event from a flyer to the Calendar app, identifying the location of a photo posted on social media).

3. New Apple Intelligence features for iOS27 announced, also as expected per our WWDC preview: First, Safari will use Apple Intelligence to (a) create tab groups by topic, (b) monitor and set alerts for changes on internet pages a user wants to track, and (c) create custom extensions via description. Second, Apple Intelligence will introduce suggested actions across apps (e.g., add details from Messages to Reminders, updating meeting details on calendar invite by event description). Third, Apple Intelligence will introduce new photo editing features including (a) the Extend tool (to expand images) and (b) the Reframe tool (to shift the perspective of the camera.

4. Platform improvements to personalize design and improve performance. First, iOS 27 will allow users to adjust the strength of the Liquid Glass display (ultra clear to fully tinted). Second, through improved CPU scheduling, iOS 27 should improve performance across Apple products (e.g,. Apps launching more quickly, faster AirDrop, more seamless transitions from cellular to WiFi networks). Third, users will be able to include Android users within iCloud Shared albums.

Apple shares on Monday wiped out any gains and closed down 1%, in line with the stock's average WWDC-day performance over the years. Shares are lower in cash on Tuesday.

Professional subscribers can read the full Apple WWDC note here at our new Marketdesk.ai portal.

Tyler Durden Tue, 06/09/2026 - 13:20
Tyler Durden

China's Oil Imports Plummet To Eight-Year Low

Zero Rss
3 months 2 weeks ago
China's Oil Imports Plummet To Eight-Year Low

Confirming our recent reporting on China's oil demand collapse, crude oil imports to China in May fell to their lowest since October 2017 because of the price spike resulting from the Persian Gulf tanker traffic disruption, plunging refinery margins (due to price ceilings imposed by Beijing), of a slowing economy and the rapid slowdown in the economy. 

The May total stood at 33 million barrels, or 7.8 million barrels daily, Bloomberg reported, citing Chinese customs data. This is roughly a 30% drop vs the average daily import rate of 11.6 million barrels last year. As previously noted, refinery run rates are down as well, as are fuel exports, with Beijing careful to make sure there is enough diesel and gasoline for the domestic market. All this is happening as the latest batch of Chinese data was "shockingly bad", promptly fears of a China hard landing.

As OilPrice notes, the news will likely push oil prices lower as China’s reduced appetite for imported crude is widely seen by traders as a cap on international prices. Demand for oil in China, however, has not fallen particularly. The only reason the country’s refiners can afford to slash imports is the substantial inventory cushion available, estimated at over 1 billion barrels, which we said three months ago is the biggest wildcard in the Iran war oil price shock. However, this cushion is not infinite and, as suggested recently by analysts, China will at some point start to ramp up imports.

One relevant question: what is China's pace of SPR drain if any. Recall for the past year Beijing was adding about 500-700K in daily SPR stockpiles; total is said to be ~1.4 billion barrels. China can avoid any Gulf imports for months and drain its SPR instead.

— zerohedge (@zerohedge) March 18, 2026

China’s subdued oil buying from abroad “represents one of the largest offsets to the shock, second only to Saudi rerouting flows and larger than coordinated SPR releases from the U.S., Europe, and Japan,” Societe Generale commodity analysts said earlier this week. However, strategic and commercial oil inventories need replenishing at some point, and when that point is reached and the war is still not over, we are likely to see higher oil prices again. In its lenghty weekly note, JPM commodity analysts agreed.

ING commodity analysts made a similar point last week. “Sizeable inventories in the lead-up to the war have provided a buffer for the market,” Warren Patterson and Ewa Manthey wrote on Friday. “This buffer is shrinking with every passing day. With the seasonally stronger summer still ahead of us, we could see demand grow by more than 3m b/d quarter-on-quarter in the third quarter. The pace of inventory declines will only intensify through the July-September period.”

Tyler Durden Tue, 06/09/2026 - 12:40
Tyler Durden

Professors Behind California's Wealth Tax Threaten Possible Legal Action Against Critic

Zero Rss
3 months 2 weeks ago
Professors Behind California's Wealth Tax Threaten Possible Legal Action Against Critic

Authored by Jonathan Turley via JonathanTurley.org,

There is an interesting controversy brewing in California after four California university professors threatened a political candidate, Richard Lucas, for criticizing them for their roles in the "Billionaire Tax" and sent him a "cease and desist" letter.

David Gamage from the University of Missouri, Brian Galle and Emmanuel Saez from UC Berkeley, and Darien Shanske from UC Davis claimed that the public criticism violated anti-doxxing laws by sharing contact information. They are clearly wrong. One of the aggrieved professors, Brian Galle, teaches at Berkeley Law School called Lucas "a clown," but insisted that sharing public information is unlawful.

Attorney Catha Worthman sent the letter, but has reportedly refused to respond to inquiries after attorneys for the Alliance Defending Freedom (ADF) pushed back on her legal claims and those of her clients.

I have long been a critic of such wealth taxes, specifically California's Billionaire Tax, as economically moronic and legally questionable. The proposal has already cost the state trillions in lost wealth as wealthy taxpayers have fled, taking their businesses and jobs with them.

As I discuss in Rage and the Republic, these wealth taxes have a terrible track record and, on the federal level, face serious constitutional challenges. In California, the drafters included a retroactive clause that can also be challenged.

One of the four professors - who Lucas referred to as "the looter dream team" - destroyed the claims of many supporters that this is just a one-time tax. Some of us have written that this is simply the first salvo. Once they succeed in targeting billionaires, the same measure will likely be used for those in lower tax brackets.

In a recent debate, Berkeley professor Emmanuel Saez admitted that he could not seriously claim this would be a one-time tax, as many in the public have asserted. He said they would have to wait to see if it passes, but it is likely to be repeated, and noted that there may also be a federal wealth tax on the way.

He said:

"I don't think it's going to be a one-time tax...because you can't surprise billionaires more than once.

Even then, you know, maybe some of them were expecting something like this.

So it's going to be a debate about this time, you know, a permanent wealth tax at a low rate that's going to last for a number of years."

Saez has publicly taunted the wealthy who are fleeing the state:

He noted the move on the left to create a federal wealth tax which has been pushed by Bernie Sanders and Ro Khanna.

The legislation, "Make Billionaires Pay Their Fair Share Act," echoes the growing "eat-the-rich" mantra on the left - seeking to replicate a disastrous push in California that has led to an exodus from that state and an estimated loss of $2 trillion in taxable assets.

It is also flagrantly unconstitutional.

Under the plan, Congress would target 938 billionaires to tap them for $4.4 trillion. That money would then be redistributed as a $3,000 direct payment to every man, woman, and child in a household making $150,000 or less - $12,000 for a family of four.

Now back to the legal threat. I believe that the threatened legal action is wildly off base. Putting aside the fact that this is protected speech, the two anti-doxing statutes, Penal Code §653.2(a) and Civil Code §1708.89, contain clear scienter or intent requirements.

They must show that Lucas demonstrated an "intent to place another person in reasonable fear for their safety, or the safety of the other person's immediate family." Penal Code §653.2(a); Civil Code §1708.89. There is no evidence of such intent. If simply posting such identifying information is a violation, a significant range of protected speech would be proscribed.

There are ample reasons to criticize this tax and the claims made by its champions. There is a type of self-sustaining pattern on the left in support of such measures. Universities have largely purged conservatives and libertarians from departments, leaving most faculties with professors who run exclusively from the left to the far left.

These professors then added intellectual support for radical proposals like wealth taxes. The media then reports that experts have reviewed and approved the measures. It becomes an entirely closed loop from political groups to academics to media creating a uniform narrative.

The ADF wrote a strong letter pointing out the flaws in the claims of these professors under anti-doxxing laws from the lack of intent to the protection of free speech. These professors became public advocates for this ill-conceived plan and, as a result, have drawn criticism for that advocacy.

Lucas was one of those critics:

First they say the billionaire tax is one time. Now the main architect is already talking about making it permanent.

— Richard Lucas (@dickclucas) May 10, 2026

Nevertheless, the professors sent two cease and desist letters to Lucas, requesting that he remove their names and contact information from his website "California Wealth Exodus." Lucas has remained adamant that he will not remove their contact information.

The site for figures like Galle link to his academic page, as I have done above. We routinely link to such sites for people to look at the background of figures discussed in columns. In the case of Lucas, it is also meant to allow citizens to express their views to those pushing this proposal.

In my view, the threat of legal action is fundamentally flawed and would not prevail in the courts. These professors will need to respond to their critics rather than work to silence them.

Tyler Durden Tue, 06/09/2026 - 12:20
Tyler Durden

Jefferies: "Turns Out, We Weren't Bullish Enough On Copper"

Zero Rss
3 months 2 weeks ago
Jefferies: "Turns Out, We Weren't Bullish Enough On Copper"

"Turns out, we weren't bullish enough on copper," Jefferies analyst Christopher LaFemina wrote in a note to clients, marking a notable shift from one of Wall Street's most seasoned metal voices. LaFemina joined Jefferies in 2011 after more than a decade covering metals and mining at Lehman Brothers and Barclays, lending weight to his view that the explosive growth in AI data center buildouts, power grid and infrastructure upgrades (a theme he calls "powering up America"), and tight supply are creating structurally higher prices for copper.

LaFemina raised his 2030 target and now expects copper to average $8 per pound, or $17,636 a ton. COMEX copper last traded around $6.34 a pound, while LME copper was near $13,583 a ton.

On a longer timeframe, the LME copper chart suggests the $10,000 level was the breakout zone, further supporting LaFemina's 2030 target given the current supply-tightening backdrop.

"Turns out, we weren't bullish enough on copper," LaFemina said, adding, "We now have the highest copper price forecast on the Street as we see strong US industrial demand and still tight supply."

He noted that the data center and power infrastructure buildout should drive a meaningful acceleration in metals demand, with copper and aluminum prices able to rise much higher before weighing on the broader economy.

Goldman recently estimated that AI capital expenditures by hyperscalers will soar to $800 billion this year. The report can be found here.

In recent weeks, Goldman raised its year-end copper price target, and HSBC warned (report found here) that commodities face a "super-squeeze."

HSBC analysts told clients last week that "metal prices are generally in an upswing, driven by supply disruptions for some commodities due to the Middle East conflict and strong structural demand."

Separately, Goldman analysts led by Aurelia Waltham explained that one of the core issues with the copper market right now is supply:

  • Year-to-date data does suggest that supply recovery from previous disruption events has trailed our expectations. Accordingly, we lower our 2026 global mine supply forecast by 350kt, equivalent to ~1.5% of global mine supply, including ~200kt less from Grasberg (Indonesia) and Kamoa-Kakula (DRC) combined, with neither returning to full capacity until 2028.

At the same time, Waltham said stronger-than-expected U.S. copper imports in the first half of 2026 are tightening the ex-U.S. market:

  • Furthermore, US copper imports in H1 2026 have exceeded our previous forecast, tightening the ex-US balance. As a result, we now expect US inventory to build by 900kt in 2026 (vs. 550kt previously), even as our base case remains that no copper tariff will be announced this year.

The combination of soft mine supply, U.S. stockpiling, tariff uncertainty, and long-term demand tied to AI buildout and grid-upgrade themes prompted Waltham to upgrade her end-of-year 2026 and 2027 copper price forecasts:

  • We raise our end-2026/average 2027 LME copper forecasts to $13,735/$13,800 from $12,465/$12,150 previously (vs. forwards at $13,630/$13,610).

She outlined three price scenarios for copper:

1. Strait of Hormuz Remains Closed for Longer: While we would expect limited impact on the global copper balance as the demand hit from lower economic growth is largely offset by lower copper supply due to sulfur shortages, a substantial pullback in global risk appetite could push the LME price down to its fundamental support level at ~$12,600 in H2 2026, before resuming an upward trend.

2. US Copper Tariff Announced for January 2027: If a US copper tariff is announced prospectively in June 2026, to start in January 2027, we would expect US copper imports to accelerate in H2 2026 (vs. our base case of a slowdown in imports), tightening the ex-US balance and raising prices to over $14,000 in H2 2026. However, we would expect prices to retreat in 2027 as imports stop once the tariff is imposed.

3. Announcement of No Copper Tariff: A definitive decision against the tariff would reduce the size of our ex-US deficit forecast in 2026 and push the ex-US market back into surplus in 2027 as imports fall to a negligible level. In this scenario, we would expect the price to fall to an average of $12,800/t in 2027.

View scenarios here:

Beyond Jefferies, HSBC, and Goldman, JPMorgan analysts have also told clients that the copper upcycle is being driven by a tightening supply backdrop, accelerating power-grid investment, AI data center demand, and broader industrial electrification. Taken together, some of Wall Street's top metals desks are increasingly converging on the view that copper is entering a structurally tighter supply regime that will support a sustained break above $14,000 a ton on the LME.

Tyler Durden Tue, 06/09/2026 - 12:00
Tyler Durden

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