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California's housing market has become synonymous with eye-watering prices, but it turns out you can still find a bargain.

Police asked the public to help identify the two, who are suspected of throwing bags of motor oil at two Orthodox synagogues, Young Israel of Jamaica Estates and Young Israel of Holliswood.

Beirich lives in Palm Springs, Calif., and had made her initial appearance in federal court in Riverside earlier this month.

A Teachers' Union Hits The Wrong Target

Authored by Stephen Soukup via American Greatness,

The California State Teachers Retirement System (CalSTRS) is the largest teachers-only public pension system in the country, with more than $400 billion in assets under management. As of December 31, 2024, CalSTRS directly held three-quarters of a million shares of Target Corporation, worth more than $100 million.

If one were to add in the Target holdings of the Teacher Retirement System of Texas and the New York State Teachers' Retirement System (the second and third-largest teachers-only plans in the country, respectively), then the total value of shares owned would jump by another $60-plus million. Add in the remaining state teacher retirement systems, plus the city systems of Chicago, Denver, Kansas City (Missouri), New York City, St. Louis, and St. Paul, and the total value of Target shares directly held by teacher pensions is well into the multiple hundreds of millions, at the very least. Add in the value of indirect shares held through various index funds and ETFs, and teacher retirement plans hold literally billions of dollars' worth of Target stock. Given all this, it's more than fair to say that Target is a key component of teachers' pension portfolios and, as a result, the company's long-term success is directly linked to American teachers' retirement security.

And yet...

This past weekend, the American Federation of Teachers, the second-largest teachers' union in the country and likely the most prominent, launched a new campaign urging parents and students to boycott Target for back-to-school supplies and clothes. Randi Weingarten, the politically active and politically connected president of the AFT, released a video detailing the boycott and explaining why it is, in her eyes, an absolute moral imperative to teach Target a lesson. According to an AFT press release, "The 'Shop Smart, Support Working Families' campaign was created in response to Target's refusal to condemn the unlawful Immigration and Customs Enforcement activity that continues to roil communities around the country." Weingarten herself complained that "We gave Target ample time to stand with the communities in which they operate and help their neighbors, but its silence about federal immigration abuses has been deafening."

The AFT is angry at Target because Target and its executives didn't do what the union wanted: make its political fight their fight. And it's actively trying to damage the company because of that refusal.

Taken together, these two facts - teachers' pensions hold considerable equity in Target, while teachers' unions are purposefully trying to harm the company - say quite a bit about the state of markets and politics in the country at the moment and suggest a handful of lessons that can and should be learned by outside observers.

The first thing this strange confluence of circumstances tells us is that people, in general, neither understand what a publicly traded corporation is nor fully grasp its purpose. Corporations are, as a rule, portrayed in our popular media and perceived by most average Americans as far-off, distant, heartless organizations run by and for rich people. In truth, publicly traded corporations like Target are owned by their shareholders, the overwhelming majority of whom are just ordinary folks - like teachers - who are trying to save for their retirement. Public pension plans, 401(k)s, IRAs, etc., are the primary savings vehicles for most "investors." The perception of investors as a bunch of "fat cats" on Wall Street who own everything and manipulate everything for their benefit is largely a myth, and it has been for decades. You, your spouse, your kids, your mom and pop, and their small business are the majority of investors and, by extension, the majority of owners of most corporations.

There is no doubt that a significant disconnect exists between the owners of corporations (principals) and those who run them on the owners' behalf (agents). This is a longstanding concern that has prompted much discussion, consternation, and even confrontation over the decades. Moreover, with so many owners - literally millions of people - many opinions on how best to run the company exist, and those opinions often and passionately conflict with one another. Given this, basic rules governing the conduct of the agents exist and are updated constantly. This is what's known as "governance." The most famous description of foundational principles of governance, designed to secure the interests of all shareholders, was provided by the economist Milton Friedman:

In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. He has direct responsibility to his employers. That responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom.

That's it. That's what corporate executives are supposed to do. That's how they are meant to treat their shareholders - by providing them a return on their investment. That's the fundamental principle of governance: produce returns for all investors.

Unfortunately, some people think that their opinions, wants, and desires are more important than other people's right to earn a return on their investment. They think that corporations exist to serve their ends and to accommodate their political beliefs and ambitions. Even more unfortunately, many of these people have been encouraged to think this by the very corporate "agents" who know better and who have moral and legal obligations to the contrary.

In August 2019, for example, the Business Roundtable (BRT) - a nonprofit organization whose members are the CEOs of the largest corporations in the United States - issued a declaration called a "Statement on the Purpose of a Corporation." In it, the 181 signatories proclaimed that they and their corporations were dedicated to being less focused on shareholders and more focused on stakeholders. The chairman of the Roundtable at the time was Jamie Dimon, the CEO and chairman of the largest bank in the world (by market cap). "The American dream is alive," Dimon lamented, "but fraying." He implied that only the executives of the world's biggest companies (the agents to their tens of millions of principals) could save the American Dream. More to the point, he implied that they could only do so by redefining the purpose of a corporation. "These modernized principles reflect the business community's unwavering commitment to continue to push for an economy that serves all Americans."

Every CEO who signed that document alongside Dimon (and Larry Fink from BlackRock, Tim Buckley from Vanguard, Brian Moynihan from Bank of America, Michael Corbat from Citigroup, Jeff Bezos from Amazon, etc., etc., ad nauseam) is responsible for sowing confusion among the people, for encouraging people like Randi Weingarten to think of Target as a tool to accomplish her goals. These CEOs may not fully agree with this declaration they issued seven years ago, and they may wish they hadn't signed the BRT's now-infamous statement, but that doesn't change the fact that they did sign it and that by doing so they gave Weingarten and countless others the impression that corporations were the appropriate vehicle for their political aspirations.

Ironically, one of the signatories of that document was a man named Brian Cornell, who was then the CEO of Target. Cornell retired from the CEO role earlier this year but remains the company's executive chair. Even more ironically, Cornell was hardly the first of Target's executives to play politics with the company's resources and reputation. As I have noted elsewhere, Target has a long history of getting involved in matters that are beyond its business purview. Indeed, Target has a well-earned reputation as a social-justice-compliant company - which is probably why Weingarten is so upset that it has resisted her entreaties. The lesson here is that "no good deed goes unpunished" (no matter how broadly one defines the word "good"). Once you decide to ride the social-justice wave, it can be nigh on impossible to bail on that wave before wiping out. The folks at Target are undoubtedly learning this lesson the hard way.

The nation's teachers are learning that lesson the hard way as well, whether they realize it or not. They are part-owners of the company that Weingarten and the AFT are trying to damage over politics. Indeed, it's almost certainly the case that Weingarten herself is a part-owner of Target and, as such, is damaging her own pension returns. Of course, the catch here is that as an individual shareholder, Weingarten is free to make her own investment decision for whatever reasons she sees fit. As the president of a teachers' union, however, she has certain obligations. She is not legally a fiduciary steward of her constituents' pension funds, but she does have tremendous influence over those who are fiduciaries. The AFT's Trustee Council openly concedes that it has more than 50 members on 27 different pension boards. Additionally, the union produces a variety of materials meant to influence fiduciaries on their responsibilities to union members and beneficiaries. Randi Weingarten's hands may be legally clean, but her house is a mess. She's harnessed the power of her union and of teachers more generally to fight against a company of which they are all part-owners. That is the very definition of self-defeating.

In the end, this is what happens when people forget - or ignore - the nature of capital markets and publicly traded corporations. No one, it seems - not the AFT, not the BRT, not the massive asset management firms that control more than $25 trillion in other people's money - thinks of corporations as what they really are: the collected savings of tens of millions of ordinary people. They think of corporations as the means to their ends, not the ends of their true owners.

Tyler Durden Tue, 08/25/2026 - 17:00

Approval Of Trump's Presidency And The War On Iran Hit New Lows

Americans' approval of the US-Israeli war on Iran has reached another record low, pulling Trump's approval rating down with it, to the worst reading of either of his two terms in office, according to a new Reuters/Ipsos poll. The new findings also show likely spillover effects for the November midterms that will benefit Democrats seeking to retake the majority in Congress.  

18 US service members have died in Trump's war on Iran, and more than 700 others have been wounded or injured (AP)

Early on, the Trump administration claimed his war of choice would be over in a matter of a few weeks. On Friday, it will have been going on for six months with no resolution in sight. With the war keeping gas prices far higher than they were before Trump teamed up with Israel to launch a surprise attack on Iran in the middle of ongoing negotiations, Americans are increasingly taking a dim view of the war, while also overwhelmingly pessimistic about how long it will last. Eighteen US service members have died, and 774 have been injured or wounded. Thousands of Iranians have been killed. 

In the new poll that reflects sentiments recorded through Monday, 63% of Americans disapprove of military strikes on Iran, with only 31% approving. Most Republicans still support the war, but the popularity on that side of the aisle has eroded too: 69% support the war now, compared to 77% in March, shortly after Trump and Israeli Prime Minister Netanyahu started the war on Feb. 28.  Fully 90% of Democrats oppose the military attacks on Iran, along with 67% of independents. Despair rules: About 83% of Americans think the war will last "for an extended period of time," against only 12% who think it will be wrapped up in weeks.  

Like cement shoes he put on himself, the war on Iran is steadily pulling Trump's popularity to new lows. Only 33% of surveyed Americans approve of Trump's overall performance, the worst level that Reuters/Ipsos has observed over either of his two administrations.

Trump isn't up for re-election in November, but the stakes are sky-high for him in the midterms. A Democratic takeover of either the House or Senate will spawn any number of investigations of his administration and the Trump family's side business transactions. A takeover of both chambers would carry the prospect of Trump being impeached and removed from office. Here, the poll brought more bad news for Trump and the Republican Party. In the so-called "generic ballot" question that asks which party they're likely to vote for in their House race, 35% of Americans said they'd pick a Democrat, compared to 29% who said a Republican. Sixteen percent "don't know" and another 16% don't plan to vote.   

While the Trump administration is consumed by the war, a 22% plurality of Americans say the most important problem facing the country is "the economy, unemployment and jobs," followed by 13% who said "threats to democratic values and norms," and 11% who said "corruption."  Along those same lines, 66% disapprove of Trump's handling of the economy. 

In other survey readings: 

• Likely 2028 presidential contenders JD Vance and Marco Rubio have similar favorability ratings: 34% for Vance and 32% for Rubio. However,  41% have a "very unfavorable" regard for Vance vs 30% for Rubio. 
• 69% say America is off on the wrong track, vs just 16% who say it's heading in the right direction.
• 58% say US foreign policy is on the wrong track, more than double the 23% who say "right direction"

Tyler Durden Tue, 08/25/2026 - 16:40

Tagovailoa did not play well in the Falcons' first preseason game against the Broncos when he had three completions for 22 yards. 

Billionaire investor Stanley Druckenmiller admitted Tuesday that he used AI to pen a scathing Wall Street Journal op-ed bashing Treasury Secretary Scott Bessent’s debt buybacks.

Only 35% Of Women Under-25 Have Positive View Of Men; Survey Finds 'Heteroflexible' Is The Fastest Growing Sexual Orientation In America

Authored by Michael Snyder via The End of The American Dream blog,

Our culture is being transformed at a pace that is difficult to comprehend. The numbers that I am going to share with you in this article paint an undeniable picture about where our society is heading. That doesn’t mean that the trends that we are witnessing now are permanent. We have been through so many societal pivot points in recent decades, and it is probably inevitable that there will be more. But without a doubt there have been some very clear long-term cultural shifts that have radically changed how we relate to one another and to the world around us.

Earlier today, I came across a survey about how men and women view each other that absolutely shocked me…

As expected, we found that there are significant divides between young men and young women – but they are not just confined to political views. Gen Z women are more left wing than their male peers when it comes to politics and economics. This generation of women is also much more pessimistic about the country and their own lives than men, and substantially more negative towards men than the men are towards women. Seventy-two per cent of men under 30 say they have a positive view of the opposite gender, compared with just 50 per cent of women of the same age. Thirty-eight per cent of men say they feel “very positively” towards women, while only 18 per cent of women say the same about men. This trend is particularly pronounced among women under 25, of whom just 35 per cent feel positively towards men.

Read that last sentence again.

The survey discovered that only 35 percent of women under the age of 25 have a positive view of men.

How is that even possible?

This survey was conducted in the UK, but I am sure that it would have produced similar results if it had been conducted in the United States.

As I thought about this, it occurred to me that what we are witnessing is likely the result of decades of conditioning.

Men are almost always the villains in our movies and television shows.

When a family is depicted on screen, it is almost always the father that is the problem.

And even in our commercials, men and women are characterized very differently.

Once you become aware of this phenomenon, you will literally see it everywhere.

These days, much of the population considers men (especially young men) to be threats unless proven otherwise, while most women are considered to be trustworthy unless proven otherwise.

Of course it is undeniable that our society is absolutely teeming with criminal predators at this point, and if you trust the wrong person you and your family could get hurt very badly.

The thin veneer of civilization that we all rely on is disintegrating all around us, and that is a terrible thing.

Meanwhile, our values regarding sex and sexuality are rapidly changing.

According to the most recent Gallup poll on the matter, 9 percent of U.S. adults now identify as LGBTQ+…

Gallup finds 9.0% of U.S. adults identifying as lesbian, gay, bisexual, transgender, or something other than straight or heterosexual in 2025. The percentage has more than doubled since Gallup first measured LGBTQ+ identification in 2012.

That is quite a high number, but the real story is what is occurring among our young adults.

According to that same poll, 23 percent of U.S. adults under the age of 30 now identify as LGBTQ+…

Young adults are far more likely than older adults to identify as LGBTQ+. Twenty-three percent of adults under 30 and 10.4% of adults aged 30 to 49 are LGBTQ+, compared with about 2% to 3% of older Americans.

I was curious, and so I had Google create a graph that shows how this number has changed since Gallup began asking this question in 2012.

The results were staggering…

The percentage of U.S. adults under the age of 30 that identify as LGBTQ+ has nearly quadrupled since 2012.

That is not just a trend.

That is a tsunami.

And there is a huge gender gap.

Only 11.4 percent of men under the age of 30 identify as LGBTQ+, but a whopping 31.4 percent of women under the age of 30 do…

Women are nearly twice as likely as men to identify as LGBTQ+ (10.5% vs. 5.6%, respectively), a gap driven primarily by women’s higher rates of bisexual identification. Gender gaps are especially pronounced in the youngest generation — 31.4% of women aged 18 to 29 versus 11.4% of men in the same age group identify as LGBTQ+, with most of these younger women saying they are bisexual.

Nearly a third of all women in the United States under the age of 30 now identify as LGBTQ+.

That may help to explain the survey results that I discussed at the beginning of this article.

And the vast majority of Americans that identify as LGBTQ+ consider themselves to be bisexual…

Bisexual adults make up the largest share of the LGBTQ+ population at 58.6%, equivalent to 5.3% of all U.S. adults. Beyond that, 17.4% of LGBTQ+ adults say they are gay, 16.0% identify as lesbian, and 12.1% say they are transgender, all ranging between 1% and 2% of U.S. adults overall.

This is a point that is often lost when people debate these issues.

Bisexual adults make up the biggest portion of the LGBTQ+ population by a very wide margin.

But now another segment is rapidly growing.

The number of Americans that consider themselves to be “heteroflexible” has been absolutely exploding.

If you are not familiar with “heteroflexibility”, the following explanation comes from Health.com…

Heteroflexibility is a sexual orientation that describes people who are primarily heterosexual but occasionally experience attraction to people of the same sex, according to Debra Laino, DHSc, a clinical sexologist and relationship therapist in Delaware.

People who are mostly attracted to a different gender but also feel some attraction to the same gender fit the definition of heteroflexible.

“Heteroflexible, like most labels, means different things to different people,” Casey Tanner, a clinical sex therapist in Chicago, told Health. “It comes up most of the time when a person identifies as mainly straight with a slight propensity towards queerness in certain circumstances.”

For most of my adult life, I had never even heard of this term.

But according to the New York Post, experts believe that 15 percent of the U.S. population is now “heteroflexible”…

It is estimated that a staggering 15% of the US population — that’s 50 to 55 million Americans — now identifies as heteroflexible.

Those numbers seem high to me.

I have a hard time imagining that there are 50 million “heteroflexibles” out there.

But of course the dating world is far different now than when I was young.

One dating app is actually reporting that the number of their users that identify as “heteroflexible” increased by 193 percent in just one year…

Feeld, a dating app for those seeking alternative relationship structures, recently released its annual Raw report, providing a look at the preferences that shape contemporary intimacy. According to the findings, heteroflexibility is the fastest-growing sexuality, with the number of practitioners skyrocketing by 193% over the past year.

Clearly this is a label that is gaining a tremendous amount of steam.

Nobody can deny that America is a completely different place than it was 50 years ago.

And it would be completely and utterly unrecognizable to our founders.

So much can change in just one generation.

The young adults of today are the future of our society, and that has enormous implications for all of us.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

Tyler Durden Tue, 08/25/2026 - 16:20

Biological mom Nausheen Gilkar sobbed in court, accusing surrogate McKenna West of trying to steal her baby, who has a severe heart condition.

The study analyzed postmortem tissue from the hippocampus in 40 neurologically healthy adults, ranging from 20 to 95 years of age.

The singer's death reportedly came as a shock even to those close to her.

The singer's death reportedly came as a shock even to those close to her.

China warned that it would retaliated against the US if any of its companies are included in the Trump administration's new secondary sanctions targeting Iran.

I never thought I'd fall for the social media hype… until I did.

Opening night is scheduled for Jan. 19, 2027, which would've been the "I Will Always Love You" singer's 81st birthday.

Opening night is scheduled for Jan. 19, 2027, which would've been the "I Will Always Love You" singer's 81st birthday.

San Diego County parents want to know why they were kept in the dark about a mold problem at their kids’ school and want answers another campus in the district was found to have the toxic stuff.

We can't wait to hear "Slow Burn" at The Garden on Aug. 31 and Sept. 1.

The father of two children killed in a Montana home by a gunman before the house was torched described his frantic attempts to call them after learning that emergency crews had rushed there.

Roger Federer is returning to the US Open. The 20-time Grand Slam champion who retired in 2022 is set to play two exhibition matches tonight, Aug. 25, during US Open Fan Week. In the first, he’ll face off against rival Andy Roddick in a singles match. Roddick won the 2003 US Open, just one year...