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All's Not So Quiet On Any Front

2026-05-04T15:19:14.567-07:00

All's Not So Quiet On Any Front

Project Freedom. Cute move! Notice that it’s not Operation Freedom. That would frame it as a military move.

The President is tactically framing this as a humanitarian action. Mr. Trump has advised Congress as of May 1 that hostilities with Iran (Operation Epic Fury) are terminated, at the 60-day limit of the War Powers Resolution. Commercial ships from countries not involved in the Iran / US dispute will now get escorted safely through the Strait of Hormuz by US naval vessels.

(Later amended by CENTCOM, around 9a.m. Monday as being protected by US Navy vessels “in the vicinity.”)

Any attack on these ships by Iran would prompt a forceful response and trigger a re-wind of the clock on the War Powers Resolution (WPR), meaning, another sixty days to conduct military operations, such as the destruction of key bridges and electric power plants promised earlier. Iran’s leadership — whoever that is — thought it could juke Mr. Trump on the 60-day deadline by stalling negotiations while it reorganized its remaining missile launchers. Tactical fail. Incidentally, the Supreme Court has never directly ruled on the WPR’s constitutionality or enforced the 60-day limit.

Also, by the way, the “neutral and innocent bystanders” designation means that oil tankers from Kuwait, the Emirate states, Qatar, and Saudi Arabia will be given safe escorts out of the Persian Gulf. That will have two effects: 1) avert the “shutting-in” of their productive oil wells (and the prospective geological damage to the oil fields); and 2) alleviate the price pressure on oil generally with new supply reentering the global oil market.

You can conclude that this “project” will bring new pressure on the “whoevers” running Iran to stop shucking and jiving about how this thing ends — which is them surrendering the 1000-pounds of 60-percent enriched uranium stashed somewhere on their premises. Of course, coming to terms on the nuclear bomb-making issue would allow Iran the possibility of becoming, once more, a normal advanced industrial modern nation, should it also decide to eschew the rule of the mullahs and their psychotic minions in the Revolutionary Guard (IRGC). But that remains to be seen.

The other major project underway is on the domestic US scene: the much-needed severe beat-down of the so-called Democratic Party that has become captive to seditionists, overt communists, racketeers, and jihadis.

DOJ prosecutions of color revolutionaries accelerate under Acting Attorney General Todd Blanche. James Comey finally has to account for his “86 / 47” seashell prank in a Carolina federal court while a long-dormant case was revived in the Eastern District of Virginia of Comey having used Columbia prof Daniel Richman as a cut-out to leak classified information to the press at the inception of RussiaGate, 2017.

Nobody knows exactly what’s going down in the Southern District of Florida these days (no leaks) where a grand Jury was convened in January to hear evidence in the RussiaGate matter including the years’ long train of organized seditions aimed at bum-rushing Mr. Trump out of the Oval Office in his first term, plus the mounting of various other operations (2020 election-rigging, the J-6 “Fedsurrection,” and maliciously fake serial prosecutions) aimed at stuffing him in prison at the end of that term.

All this is being treated as a “grand conspiracy” involving scores of agency officials and lawfare ninjas operating in the penumbra at the edge of government.

Do not be surprised when rafts of indictments come out of the Fort Pierce, Florida, grand jury, probably in bunches, each bunch dedicated to a particular phase or operation.

Characters such as former President Barack Obama, FBI Director Christopher Wray, Senator Adam Schiff (D-CS), CIA-agent Eric Ciaramella, legal tacticians Norm Eisen, Marc Elias, and Mary McCord, Andrew Weissmann, crooked member of the Senate Intel Committee Sen. Mark Warner (D-VA), and former CIA Directors Brennan with former DNI James Clapper, were involved in multiple seditions and possible treasons. Supporting actors such as the tag-team of Peter Strzok and Lisa Page, former Deputy AG Rod Rosenstein, former AG Merrick Garland, former Deputy AG Lisa Monaco, former Sec’y of State Hillary Clinton, “Joe Biden” autopen operators Jake Sullivan, Mike Donlon, Steve Richetti, Anita Dunn, Neera Tanden, former Sec’y of State Antony Blinken, and Domestic Policy Advisor Susan Rice, are probably in the mix somewhere, too.

The trials that come out of all this action will be mighty interesting shows. What they will show is what an absolutely criminal organization the Democratic Party became sometime during Barack Obama’s second term, and how each criminal act since then has provoked further criminal acts in the attempt to cover-up the train of crime.

On top of that, you see the first glimmers of action against the villains behind the Covid-19 operation, which was used as an additional instrument of sedition to eject President Trump from office with mail-in ballot fraud.

That was the eventual outcome anyway, though it appears that Anthony Fauci’s NIAID agency was subcontracting out the development of this disease at least a decade earlier. And now, Dr. Fauci’s chief advisor, David Morens, is indicted on extremely serious charges including conspiracy against the United States, destruction, alteration, or falsification of records in federal investigations (multiple counts), and concealment, removal, or mutilation of records (multiple counts).

This is serious business. It is likely to lead to Dr. Fauci, Dr. Deborah Birx, and other public health officials who ran a dastardly number on the citizens of this land. Be advised: the autopen pardons of “Joe Biden” will be tested in court.

While all this goes on in the months ahead, don’t underestimate what is liable to emerge from the ongoing FBI investigations into massive social service and health service fraud by the Democratic Party in its Blue State strongholds.

It is going to get very ugly. A governor or two (or three, or more) could be slammed with indictments for colluding to conceal vast episodes of organized grift.

All that. . . and then the SCOTUS decision striking down Congressional redistricting along racial lines — probably leading to the loss of up to ten Democratic seats in the House later this year.

Ouch! That one is really going to sting.

So, if you happen to believe that the concluding scenes of Operation Epic Fury in Iran will somehow work to advantage the Democratic party to sweep the midterm elections, better rethink your strategery (as George W. Bush liked to style the art of political warfare).

Tyler Durden Mon, 05/04/2026 - 16:20
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Jane Street Paid Employees $9.4 Billion, Twice What It Paid Last Year, After Record 2025 Results

2026-05-03T17:19:23.606-07:00

Jane Street Paid Employees $9.4 Billion, Twice What It Paid Last Year, After Record 2025 Results

Jane Street Group has evolved from a niche trading shop into one of Wall Street’s most profitable firms and employees are reaping the rewards. The firm paid roughly $9.4 billion in compensation last year, more than twice what it distributed a year earlier, according to Bloomberg.

On average, that translated to about $2.7 million per employee, far ahead of traditional banks like Goldman Sachs. The massive payouts followed a record year in which Jane Street generated nearly $40 billion in trading revenue, outpacing major banks and rivals in the market-making business.

Bloomberg writes that the firm started in 2000 trading American depositary receipts before expanding into ETFs and other electronically traded assets. As more markets became automated, Jane Street scaled aggressively and now handles trading across equities, bonds, ETFs, and other products.

Its financial resources have grown just as dramatically. The firm’s internal capital base has climbed to roughly $45 billion, up nearly twentyfold over the past decade, giving it significant flexibility to capitalize on market swings without relying heavily on outside funding. It has also raised additional cash through debt markets.

That war chest has allowed Jane Street to move beyond day-to-day trading. The firm has built positions in high-growth tech companies, including Anthropic, and has also backed CoreWeave while exploring deals involving Fluidstack.

Jane Street also operates differently from most major financial firms. It doesn’t have a traditional CEO hierarchy and is instead overseen by a group of partners. The firm is well known for recruiting mathematicians, engineers, and problem-solvers to sharpen its trading systems.

Despite regulatory and legal challenges — including scrutiny in India and litigation tied to the collapse of Terraform Labs — Jane Street continues to widen its lead. It outperformed Citadel Securities last year and is continuing to expand, including plans for a larger office in London.

Recall, we wrote just days ago that Jane Street reeled in a Wall Street record $39.6 billion of trading revenue last year, more than any Wall Street bank. According to the report, the firm beat out all global investment banks after reaping $15.5 billion in the year’s final quarter, and with only 3,500 employees, it beat nearest rival JPMorgan by 11% during the year. The company's adjusted ETBIDA for the full year was a stunning $31.2 billion.

While Jane Street’s profits were lifted by surging valuations of its stakes in privately held companies, the firm’s main business matching buyers and sellers across assets thrived on bouts of market volatility. The new annual record - which includes gains on long-term investments - shows "how the balance of power has shifted in one of the most lucrative arenas of global finance."

While it has kept a remarkable low profile, its recent public appearances have been less than laudatory: The company's record haul is confirmation that Jane Street, long known for its secrecy, was able to keep growing after getting thrust into the spotlight in mid-2025 when authorities in India accused of manipulating markets while running what had once been one of the firm’s most lucrative trading strategies.

Jane Street has denied those allegations and is fighting them in court. In February, Jane Street was sued by the bankrupt Terraform Labs estate, accusing it of engaging in insider trading that precipitated the $40 billion crash of cryptocurrencies associated with Terraform; this week the HFT firm also urged a judge to throw out that lawsuit.

Tyler Durden Sun, 05/03/2026 - 19:15
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Democrats Melt Down After Supreme Court Restricts Race Based Gerrymandering

2026-05-03T16:19:30.057-07:00

Democrats Melt Down After Supreme Court Restricts Race Based Gerrymandering

The response from Democrats to the Supreme Court's decision to strike down race-based gerrymandering has been predictable - running high in emotion and devoid of objectivity. The Democrat Party has understood for a long time that much of their power comes from inserting themselves as the spokespeople for the supposed "have-nots". Racial hysteria being a key weapon in their arsenal to push the ongoing socialization of America.

Its the reason why left-wing NGO's have been dumping millions of dollars into the very "hate groups" they claim to be fighting against. Leftists need racism as a bogeyman; they have no power without it.

It makes sense that Democrats are clinging to Section 2 of the Voting Rights Act (VRA), which prohibits voting practices (including redistricting maps) that result in denial or abridgment of the right to vote on account of race. The assumption being that minorities (specifically black Americans) require rigged districts where they are the majority in order to maintain power in government.

This obviously benefits Democrats, with around 83% of blacks voting blue in recent elections. Predominantly black districts in states across the US have acted as assured seats in the House for Dems since 1965. In 1982, Congress strengthened Section 2 by amending it to clarify that plaintiffs only need to prove that a voting practice has a discriminatory result (effect), not just the intent.

Republicans sided with Democrats in a grand virtue signal, but the results of the strengthened VRA have harmed conservatives ever since. The Supreme Court's recent 6-3 decision in Louisiana v. Callais ends this 45-year-long mistake, at least, for the most part.

This is what it looks like to stand up when democracy is on the line! Florida Rep. Angie Nixon disrupted a special session to protest gerrymandering, declaring, “This is a violation of the Constitution.” We must continue to protect the power of the people’s vote! ✊🏿

🎥:… pic.twitter.com/g0lPRcSmGQ
— Ben Crump (@AttorneyCrump) April 29, 2026

The decision sets a precedent which largely eliminates the use of frivolous race-based challenges to redistricting maps and will lead to a loss of 12-19 House seats for Democrats over the next two years. States which are planning to adjust their maps in light of the Supreme Court ruling include Louisiana, Mississippi, Tennessee, Florida, Georgia, South Carolina and Alabama. A few other red states are looking into potential changes before 2028.

The Democrat reaction has been an absolute meltdown. Impending district map changes threaten a loss of around 12 seats in the near term.

This is what the Supreme Court conservative supermajority just enabled. pic.twitter.com/iBS2ArVGBD
— Senate Judiciary Democrats 🇺🇸 (@JudiciaryDems) April 30, 2026

The underlying narrative promoted by the political left is that the ruling will result in black Americans losing the right to vote. Chuck Schumer insinuates this in his frantic response, calling the decision a "return to Jim Crow".

"A despicable decision that is a return to Jim Crow."

No, what Democrats want is a return to 'Jim Snow.'

They aim to disenfranchise white voters with racially discriminatory gerrymandering.

No racial discrimination means no racial discrimination. Get it? pic.twitter.com/lxcfH3jg0H
— Kyle Becker (@kylenabecker) April 29, 2026

This is, of course, a fallacy. No black citizen is losing their right to vote. In fact, the Supreme Court ruling confirms that black voters and white voters are equal and that rigged districts based on race are not necessary. Raging over the proposition of losing political power, Democrats are now calling for "packing the courts" as a means to dilute the Supreme Court and assert total control over districts and elections (a typical appeal to lawfare).

Hakeem Jeffries called the Supreme Court a disgrace and said "everything is on the table" to undermine their decision.

WEAPONIZATION: Democrats, dissatisfied with Supreme Court rulings, have decided they will simply keep adding judges until they find a court that will rule in their favor. Hakeem Jeffries admits that once they’ve packed the court they eliminate filibuster. pic.twitter.com/3xlO8yoiGm
— @amuse (@amuse) April 30, 2026

Other Dems echoed this strategy. Their plan? If they can't rig districts, they will rig the courts.

Term limits for the Supreme Court.
Enforce a binding Code of Ethics.
Impeach these corrupt justices.
Expand the Court.
— Congresswoman Rashida Tlaib (@RepRashida) April 30, 2026

It should be noted that the political left only calls for these kinds of extreme measures when the court rules in favor of conservatives. Objective positions and nuances within court decisions are not tolerated. The threat is clear: "Rule with us, or we will get revenge..."

Other left-wing politicians argue that the Supreme Court "has no authority" to change the VRA because they are not "elected". When Democrats start to sound like activist libertarians, you know they're scared.

Raphael Warnock is giving AOC a run for her money on saying stupid shit!!

“No one elected this court”

“It’s really NOT up to the Supreme Court”

It’s like these morons have no clue how the three branches of government work. pic.twitter.com/hRlckmGYdf
— SaltyGoat (@SaltyGoat17) April 30, 2026

In the sprint to the Midterms the district changes will likely be minimal, but enough to potentially thwart a Democrat majority. In 2028, the game could change dramatically. Former President Barack Obama was lambasted for attacking the Supreme Court ruling, just days after cutting ads for a Virginia effort to transform that state's map into a 10-1 Democratic advantage.

Top Illinois Democrats called the precedent a ‘crushing blow to our democracy', despite the fact that Illinois is widely considered gerrymandered to benefit Democrats. It's only okay when they do it, not when conservatives do it.

The Democrat response is a reminder that, if the political left ever returns to substantial government power as they had under the Biden Administration, they will break every rule and violate every principle in order to keep control.

Tyler Durden Sun, 05/03/2026 - 17:30
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CNN 'Expert' Says Iranian Suicide Dolphins Going After US Ships

2026-05-03T14:19:09.171-07:00

CNN 'Expert' Says Iranian Suicide Dolphins Going After US Ships

Americans have been subject to a variety of creative wartime propaganda claims by their government stretching back many decades. From the 'incubator babies' hoax of the first Iraq war, to hyping 'mushroom clouds' over US cities during the 2nd Iraq War, to Gaddafi 'mass rape' allegations through distributing Viagra pills to Libyan troops - there seems to be no end to such bizarre claims out of the D.C. beltway, and the mainstream media is consistently a willing participant in spreading these proven lies.

Already we've seen some whoppers coming from the same sources on Iran. Even Vice President J.D. Vance, reported to harbor quiet skepticism and doubts about Trump's Operation Epic Fury, has floated the idea that Tehran could send out terrorists with 'nuclear suicide vests'. But leave it to the Iranian 'expert' pundit class to come up with something even more absurd: suicide bomber dolphins. The below clip was recently aired on CNN, and the MSM channel gave the wild claim an air of credibility, because of course it did...

"To give you a sign of the desperate measures [Iran is] contemplating, the Wall Street Journal reported today that they're contemplating suicide dolphins, you know, dolphins equipped with mines to try to go after U.S. ships," @ksadjadpour says.

"That's not a that's not a measure… pic.twitter.com/wOJoIVLVMy
— Kaitlan Collins (@kaitlancollins) May 2, 2026

CNN show host Kaitlan Collins did nothing to challenge the assertion, which Iranian leaders were supposedly "contemplating". For example, the supposed 'expert' pundit didn't even bother to establish whether Iran has ever so much as had such a program.

However, there has long been a United States dolphin mine locating program and research. But in this instance - during the Iraq war of 2003 for example - they simply assisted in locating mines threatening the Persian Gulf waterway, according to archived news articles.

The Iranians may have, going years back, experimented with deploying dolphins to assist in surveillance operations - akin to some cutting edge programs in other countries like Russia, but nothing is known of what became of this, and it would without doubt be a very expensive research program which would require a heavy, long-term time investment as well.

And to be expected, the 'suicide dolphins' narrative gets re-laundered by Fox News:

Fox News is telling Americans that Iran is strapping suicide bombs to dolphins.

Who believes this propaganda anymore?pic.twitter.com/JPSwtcTpnj
— Ethan Levins 🇺🇸 (@EthanLevins2) May 3, 2026

But it remains that there has never been evidence of any country deploying 'suicide dolphins' to take out enemy ships. When it comes to 'official enemies' of Washington, the pundit class can basically make up any nefarious and twisted allegation or plot and it won't be met with much scrutiny or pushback from the mainstream, if any at all.

When the MSM wants to float at outlandish claim and frame it as credible, another technique is to simply add "reports say" such and such a regime is "mulling" this or that.

Flipper Akbar!...

The propaganda claim then becomes impossible to confirm, but still gets widely circulated, and the 'method' keeps getting repeated, with only the most gullible buying into the claims (though sadly, this is way too many Americans).

The EyE-raNIAN SUICIDE aTTaCK DoLpHInS are COmINg!!!

Tyler Durden Sun, 05/03/2026 - 16:55
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Berkshire Cash Hits A Record $397 Billion After Selling Most Stocks In 2 Years

2026-05-02T16:19:20.199-07:00

Berkshire Cash Hits A Record $397 Billion After Selling Most Stocks In 2 Years

The head of Berkshire may be new, but nothing has changed in the business model.

In Berkshire's first quarter Greg under Abel, who succeeded Buffett in January as Berkshire's chief executive, the company on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented businesses. The Omaha, Nebraska-based conglomerate built by Warren Buffett and now led by Greg Abel also reported a record cash level, reflecting continuing difficulty finding ‌investments that meet its value-oriented principles.The conglomerate also continued its trend of divesting its stock portfolio with the largest sales od equity securities in Q1 since mid-2024; it also unveiled the first, modest stock buyback since Q2 of 2024.

Profit from Berkshire's numerous businesses rose 18% to $11.35 billion, or about $7,891 per Class A share, from $9.64 billion a year earlier. Net income, including from common stock investments, more than doubled to $10.1 billion, or $7,027 per Class A share, from $4.6 billion thanks to a boost from an improvement in underwriting results in its vast insurance businesses (Berkshire has traditionally downplayed the relevance of net income, which because of accounting rules includes unrealized gains and losses on stocks it has no plans to sell, and its therefore especially volatile during periods of market stress).

Berkshire's earnings are closely watched because the conglomerate’s businesses, ranging from insurance to railroads to energy and manufacturing, provide a snapshot of the health of the US economy. The company owns dozens of businesses including Geico, the BNSF railroad, Berkshire Hathaway Energy, Dairy Queen and See's Candies. Yet while Berkshire is sometimes considered a microcosm of the broader U.S. economy, its focus on insurance and hard assets has left it out of step with broader market trends, including the prevailing euphoria over artificial intelligence.

Worries about the economy took a toll on several of Berkshire's consumer-oriented businesses. Berkshire said economic conditions weighed on building products businesses such as the Clayton Homes mobile home unit, while the Forest River RV unit, Fruit of the Loom ‌and Squishmallows ⁠maker Jazwares reported lower revenue amid "higher economic uncertainty" and lower consumer confidence.

Underwriting earnings from the firm’s collection of insurance businesses surged to $1.7 billion, up about 29% from a year ago, when the units were hit by losses tied to the Los Angeles wildfires. Still, Geico posted a 35% decline in pretax underwriting earnings, as the unit faced more losses and spent more to gain new clients.

“Most of Geico’s peer group this quarter posted significantly improved underwriting results,” said Cathy Seifert, an analyst at CFRA Research, on the contrast between competitors and Geico. “They’re a big unit and that’s a big deterioration.”

Profit from all insurance operations rose 4% ⁠to $4.4 billion from a year earlier, when wildfires in Southern California hurt results in reinsurance and smaller insurance businesses. The overall improvement came despite the 35% profit drop at Geico, where accident claims and marketing expenses increased. Geico spent several years upgrading its underwriting discipline and technology, and is trying to reclaim market share it gave up to rivals ⁠such as Progressive. Abel said at the meeting that the insurance sector generally is "softening" and becoming "more challenging" as more capital flows into the market, making it harder for Berkshire to charge sufficient premiums for the risks it takes on.

Profit at its railroad unit BNSF rose 13% to $1.4 billion, helped by higher demand to ship grains, petroleum fuels, oilseeds and meals, and relieving pressure on BNSF management, led by CEO Katie Farmer, to improve the unit’s operating margin and close the gap with its most efficient peers.

The railroad has lagged some peers in operating margin, and Abel said in his first annual letter to Berkshire shareholders that improved efficiency and service were necessary. Abel had given the division’s management a clear mandate to improve the business on those fronts. He said at the meeting that while he’s pleased with the first-quarter results, there’s still room for improvement.

“We had heard that there was some cost efficiencies being implemented at BNSF, and that showed up in the first-quarter results,” Seifert said.

Elsewhere, Berkshire Hathaway Energy said profit rose 2%, as higher revenue from natural gas pipelines attributable to cold weather offset rising maintenance and wildfire prevention costs in utility businesses. Profit from manufacturing, service and retail operations rose 5% to $3.2 billion.

Earnings aside, Berkshire's cash hoard soared to a new record high just shy of $400 billion, or more than the US government traditionally has in its Treasury General Account (except for rare outlier occasions). As of March 31, Berkshire's total cash (held mostly in T-Bills) was $397 billion. The cash pile reflected the company's years-long inability to find a major acquisition, as well as sales of some of its largest stock holdings led by Apple.

After a nearly two year hiatus without any stock buybacks, in Q1 Berkshire repurchased a modest $234 million of its own stock, the first buybacks since May 2024. It conducted no repurchases in the first two weeks of April.

More importantly, in Q1 Berkshire sold $8.1 billion more stocks than it bought, the 14th straight quarter it was a net seller of stocks, and the largest net sales since Q3 2024 when BRK sold almost $30 billion. Berkshire hasn't bought stock since Q3 2022. Berkshire paid $9.5 billion in January for Occidental Petroleum's chemicals business; it also decided against a new impairment charge on Kraft Heinz, one of its largest equity holdings, for now, even as the book value of its holding in the packaged food giant exceeds its fair value by $1.4 billion. Last year, the firm took a $3.8 billion hit, as the stock’s performance continued to disappoint.

Results were released prior to Berkshire's annual shareholder meeting, which draws tens of thousands of people to Omaha, and this year they won't be happy; not only is the Oracle of Omaha no longer there, but Berkshire shares have significantly lagged the broader market since Buffett unexpectedly announced at last year's meeting when Abel would take over. In 2026, Berkshire Class A shares of the $1.02 trillion buy-and-hold behemoth have fallen 6%, a mirror image of the S&P's 6% ascent, and a far cry from the historic surge in Semiconductor names which are now the market's darling du jour.

Abel took to the stage and address shareholders in Omaha on Saturday for his inaugural annual meeting as CEO. This is the first time in decades that Buffett won’t be leading the event after the 95-year-old announced he would step down from his role last year, though he was still in attendance and even shared a few remarks to help kick off the meeting.

At the Omaha shareholder meeting earlier today, new CEO Greg Abel assured Berkshire shareholders that he will invest wisely and manage the conglomerate's massive cash stake without the burdens of bureaucracy, as he seeks to win over those cautiously hoping he is a worthy successor to Warren Buffett. Abel, 63, spoke at Berkshire's annual meeting in Omaha, Nebraska, four months after succeeding arguably the world's most famous investor as CEO.

To do that, he must earn the trust of ‌investors now enamored with technology and artificial intelligence, rather than Berkshire's collection of insurers, retailers and hard-asset businesses in energy, industrials and manufacturing.

"As a conglomerate, we live by the fact that we hate bureaucracy," Abel said in response to a prerecorded question from Buffett, who also sat in a front-row seat. "We do not intend to be beholden to anyone. We start with that."

Still, attendance was down significantly from when Buffett and Vice Chairman Charlie Munger, who died in 2023, presided over meetings filled with their lively insights and banter about Berkshire, the economy, markets and life. Buffett and Munger drew capacity crowds in ⁠the downtown arena where the meeting took place, but several thousand of the approximately 18,000 seats were empty when Abel took the stage.

The meeting is the centerpiece of a weekend of shareholder events around Omaha, including investment conferences, private get-togethers, and shopping from Berkshire-owned businesses in an exhibit hall adjacent to the arena. Fewer people ⁠shopped. While thousands lined up outside the arena before doors opened at 7 a.m., the lines were considerably shorter than in recent years.

“I wanted to soak in the atmosphere and network with finance professionals,” said Jobby Chin, a finance student from Singapore attending her first meeting, who said she got in line at 2 am. Michael DiDonna, a fashion photographer from Oyster Bay, New York, said he arrived at 3:10 a.m. for his fifth meeting. "I want to feel a part of the monumental shift at the company," he said.

Buffett, for his part, assured the audience that "Greg is doing everything I did and then some," reprising comments he made last year when he announced his retirement as CEO. The 95-year-old also praised Apple, one of Berkshire's most successful investments, and its departing chief executive, Tim Cook. Buffett remains Berkshire's chairman.

In an interview with CNBC on the meeting's sidelines, Buffett fretted about a gambling mentality that has taken hold of some investors. "We've never had more people in a gambling mood than now," he said. "That doesn't mean investing is terrible, but it does mean that prices for an awful lot of things will look awfully silly."

Abel also assured shareholders he would not break up Berkshire, saying it operated effectively and its bench of expertise was strong. "We want Berkshire to endure," he said. Abel also said he is constantly evaluating opportunities to add to Berkshire's existing portfolio, whether that is acquiring public or private companies or a piece of a company.

Abel adhered to Buffett's mantra of patience, saying he would like to hold investments "forever" and not plow into any without understanding their economic prospects and risks. "It doesn't mean you need to deploy all your capital and spend all your money," he ⁠said.

He agreed with Berkshire's longtime insurance chief, Ajit Jain, who also answered questions from the stage, that it was important to say "no" if an investment did not look right. "It is very difficult to sit there and do nothing," Jain said, "while everyone else is being wined and dined by brokers and taken to London."

Abel praised a recent Oregon appeals court ruling that, for now, spared Berkshire's PacifiCorp unit from billions of dollars of potential liabilities for wildfires in 2020 that the utility maintains it did not cause. "We're back to first base" on the ⁠legal side, he said, meaning the threat has lessened.

Tyler Durden Sat, 05/02/2026 - 16:55
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The Cheap Foreign Labor Regime Blocking Agricultural Intelligence

2026-05-02T14:19:19.289-07:00

The Cheap Foreign Labor Regime Blocking Agricultural Intelligence

Authored by RJ Hauman via American Intelligence,

I grew up in Camarillo, California: fertile soil, Mediterranean climate, strawberries, avocados, lemons, citrus, and family farms passed down through generations. The kind of place that sells itself, and does.

Read the city’s own description of its agricultural economy and you will find every word you would expect: rich agricultural legacy, farming passed down, agricultural education, sustainability, drip irrigation, precision sensors, AI-driven robotics, research partnerships, and a North American AgTech market projected to reach $16 billion by 2027.

Read it again and notice what is missing.

The workforce.

Not wages. Not labor. Not who picks the strawberries, cuts the lemons, or brings in the harvest. The fields produce. The technology advances. The legacy continues. The workers disappear.

Every agricultural economy has a legacy. The question is which part is being preserved. The fertile soil is a legacy. The family farms are a legacy. The harvest is a legacy. So is the labor model that brings it in. And across American agriculture, that model has for forty years depended heavily on foreign labor, illegal hiring, and a political class determined not to disturb either.

When a city brochure pairs “legacy” with AI robotics in the same breath, it is not just describing the future. It is making a quiet promise: the technology will advance, but the labor model will not.

America is preparing for the AI age everywhere except the place that feeds the country.

In Washington, the debate tends to revolve around foundation models, export controls, chips, data centers, defense contracts, and the ideological capture of Silicon Valley. Those fights matter. But the next frontier of artificial intelligence will not stay confined to server farms or federal procurement offices. It will also play out in fields, dairies, orchards, irrigation networks, greenhouses, and the rural labor markets that underpin America’s food supply.

That frontier is no longer theoretical. Autonomous tractors already plant, till, and spray without a driver. Computer-vision systems can scout crops plant by plant. Machine-learning models can optimize water, fertilizer, pest control, and yield down to the meter. Robotic harvesters can pick faster, cleaner, and longer than hand crews. Precision irrigation can be guided by satellite analytics. AI-assisted breeding can compress decades of plant selection into months.

The question is no longer whether American agriculture can automate. It is whether Washington will stop subsidizing the cheap labor model that makes automation a losing bet.

America should be leading this revolution. It builds the software, funds the research, trains the engineers, and talks constantly about technological dominance. Yet federal policy still props up an agricultural labor model built on cheap imported labor, illegal hiring, and guestworker expansion. That bargain has kept human labor cheaper than machines, delayed mechanization, and now risks leaving the United States on the sidelines of a revolution it should own.

This is not a speculative warning. It is already underway. Syngenta’s Cropwise platform now spans more than 70 million hectares across 30 countries. The World Economic Forum projects that AI-amplified digital agriculture could increase agricultural GDP in developing economies by more than $450 billion annually. The Netherlands, Israel, and Australia are moving quickly to capture that ground.

American firms built much of the underlying technology. American universities produced the foundational research. American workers could be trained to operate it.

But the United States will not lead unless it dismantles the cheap labor regime that has allowed agriculture to skip the last revolution while pretending it is ready for the next.

You cannot leapfrog to autonomous agriculture over an industry that has barely mechanized. Software runs on hardware. AI runs on physical capital. The autonomous tractor still requires the tractor. The computer-vision yield system still needs the machine it is guiding. The machine-learning dairy platform still depends on the milking robot it is reading from. Farms that have not mechanized cannot become intelligent by press release.

The capital does not move. The infrastructure does not get built. The workforce does not get trained. The frontier goes to whoever did the prior work first.

Why has American agriculture failed to do that work?

Not because of technology. The tools have been available for decades.

The answer is policy. Washington has spent forty years making cheap foreign labor cheaper than the machine.

The Twin Pillars of the Cheap Labor Regime

American agriculture runs on a labor system Washington built, tolerated, subsidized, and now refuses to dismantle. It rests on two pillars.

The first is illegal hiring. Federal surveys show that roughly 40 to 45 percent of crop farmworkers lack legal work authorization. In California, the share is closer to 60 percent. Another large portion are foreign nationals who entered illegally or came on a temporary basis. The U.S.-born legal workforce in the fields is the minority.

This is not a system failure. It is the system. And it has been propped up by both parties.

The second pillar is H-2A, the federal guestworker program designed in 1986 as a narrow tool for seasonal shortages. It has since grown into one of the largest labor pipelines in the immigration system.

The Department of Labor certified roughly 385,000 H-2A jobs in FY 2024, nearly an eightfold increase since 2005. The program remains uncapped by statute. Recent rulemaking is projected to transfer tens of billions in wage value over the next decade, in some cases lowering effective labor costs by several dollars per hour.

Washington is making imported labor cheaper at the exact moment it should be forcing capital toward machines.

These pillars are not separate problems. They are the same subsidy delivered through different channels, defended by the same interests, and sustaining the same method.

When enforcement targets illegal hiring, employers demand H-2A expansion. When H-2A reform is proposed, they revive amnesty proposals like the Farm Workforce Modernization Act, which would grant Certified Agricultural Worker status and eventual green cards to up to 2.1 million illegal alien farmworkers while simultaneously opening H-2A to year-round industries.

The lobby’s actual position is not legal labor or illegal labor. It is permanent access to cheap foreign labor by whatever channel Washington will tolerate.

Illegal hiring supplies the shadow workforce. H-2A provides the legal release valve. Amnesty converts one into the other while preserving the pipeline behind it.

This is not stagnation by accident. It is by design.

The result is a labor-intensive production model with little incentive to mechanize, little reason to invest in agricultural intelligence, and no pressure to train American workers to operate either.

That helps explain why the United States lags Northern Europe in robotic milking, Israel in precision irrigation, and Australia in autonomous platforms.

Those countries did not discover secret technologies unavailable to American farmers. They built the workforce and mechanized base the United States has chosen to avoid.

We chose decades of cheap, and often illegal, foreign labor instead.

The Myth of the Impossible Crop

Big Agriculture’s most persistent claim is that American farming cannot be mechanized. The crops are too delicate. The terrain too uneven. The seasons too unpredictable. The farms are too diverse. The margins are too thin. The labor is supposedly too specialized.

Some of these objections contain fragments of truth. None justify a permanent federal subsidy for cheap foreign labor.

The “impossible crop” argument collapses the moment policy forces capital to solve the problem.

Commercial cabbage harvesters have existed for decades. Autonomous systems are now being developed for uneven terrain. Apple harvesting robots can pick roughly 10,000 apples an hour, about 30 to 50 times human speed, with less bruising than human crews.

Harvest CROO’s strawberry robots replaced crews of 30 migrant pickers with a small team of engineers and technicians and reached commercial viability in 2025. Carbon Robotics’ LaserWeeder uses AI-guided precision lasers to eliminate up to 5,000 weeds a minute, replacing the work of a hand crew of 75 people. Monarch Tractor’s MK-V is a fully electric, driver-optional tractor now operating on hundreds of farms. Bear Flag Robotics, now a John Deere subsidiary, retrofits existing tractors for autonomous tillage at scale.

Even crops long considered unmechanizable are starting to be mechanized.

The constraint is not engineering. It is incentive. And when the incentive shifts, capital tends to follow.

Dale Hemminger, an upstate New York dairy farmer, installed his first milking robots in 2007 after immigration authorities arrested one of his workers. Before mechanization, his farm produced about 800,000 pounds of milk per worker per year. Today it produces 2.5 million. About a dozen workers manage a herd of more than 2,000 cows. They earn more than typical farmworkers and work shorter hours.

That is what one enforcement event did on one farm.

Now imagine that incentive applied across the entire sector.

Bracero Proved the Point

America has already run this experiment.

From 1942 to 1964, the Bracero program admitted more than 4.6 million Mexican guestworkers. At its peak, it brought in more workers annually than today’s entire H-2A system.

The same arguments were made then: crops would rot, Americans would not work, mechanization was not ready.

Congress and President Lyndon Johnson ended the Bracero program in 1964.

The result was not collapse. It was modernization.

Tomato harvesters, developed at the University of California with public funds, were commercially deployed within five years. California processing tomato yields rose 300 percent while labor requirements fell by more than 80 percent. Real wages for remaining domestic farmworkers rose substantially. Crop losses were short-lived and concentrated in the first two seasons. Total production soon exceeded pre-termination levels.

The lesson is straightforward.

The technology was already there. Modernization was obstructed by outdated policy.

That lesson applies directly today.

End the federal guarantee of imported labor. Mandate E-Verify. Phase down H-2A on a real timeline. Reject amnesty that converts the existing illegal workforce into a permanent labor base while expanding future inflows.

No carve-outs. No indefinite delays.

Transition should be statutory, not chaotic. Enforcement must be paired with date-certain phase-downs, mechanization credit, and accelerated expensing. The point is not to create a harvest shock. It is to deny agribusiness the one thing that has defeated every reform for forty years: indefinite delay. Put serious public investment behind mechanization and agricultural intelligence in tandem, on the model of the semiconductor and energy industrial policies of the past five years. Pair the phase-down with targeted USDA credit for mechanization, accelerated expensing for qualifying capital investments, shared-ownership equipment consortia that put commercial-grade robotics within reach of smaller farms, and scale-tiered timelines that give family operations more runway than consolidated agribusiness.

Capital should move toward modernization, not toward Capitol Hill.

The Constituency This Is For

The Right often talks about building a worker-centered coalition. Agriculture is where that idea could actually take shape.

It is composed of the small dairy operator competing against a contractor-driven megafarm that lobbies for both illegal labor and H-2A expansion. It harbors the rural mechanic who could be trained as a robotics technician on a precision orchard. It uplifts the recent graduate of a community college agronomy program who could work in autonomous-equipment maintenance, computer-vision crop scouting, or precision-irrigation management. It represents the American worker who lost the field job a generation ago and never got the engineering job that should have replaced it, because the engineering job was never built.

Cheap, and oftentimes illegal, foreign labor does not just displace today’s American worker. It prevents tomorrow’s worker from emerging.

It blocks the investment that would create better jobs. It keeps rural America trapped in a low-wage equilibrium, and then frames that outcome as a necessary tradeoff.

It is not.

The Sovereignty of Food

The global agricultural intelligence revolution will not wait for American policy to catch up. It is happening now, on Dutch dairies, Israeli irrigation networks, Australian autonomous platforms, and in the orchards and greenhouses of countries that did the prior work, built the prior infrastructure, and trained the prior workforce.

But it does not have to be this way. American startups are building the machines. The United States can deploy them at scale, or watch other countries integrate the technology American firms invented.

The AI age is not just about who builds the model. It is about who controls the systems the model governs.

A country that imports foreign labor to prop up its food system, neglects the machines that should replace it, and fails to train its own workforce is not leading. It is stepping aside.

If “America First” means anything in the AI age, it means that the commanding systems of national life are built, operated, and controlled by Americans. Food is one of those systems.

The United States has the advantages: land, capital, universities, manufacturers, and workers.

What it lacks is the political will to end the old bargain.

For forty years, Washington has kept imported labor cheaper than machines. That decision has lowered wages, slowed mechanization, weakened the rural workforce, and delayed the productivity gains other countries have already captured.

Now the next revolution is here.

The choice is straightforward: a preindustrial labor system sustained by outdated and poor policy, or an industrial strategy worthy of a sovereign nation.

We should end the cheap foreign labor regime. Mandate E-Verify. Phase out H-2A. Restore wage discipline. Invest in mechanization and agricultural intelligence at scale.

America cannot shape the future of food while importing a labor model of the past.

There is no third option.

Coming soon from NICE: Phasing Out H-2A: How to Force American Agriculture into the 21st Century. A national mechanization and agricultural intelligence initiative built for American workers and American farms. The full case for ending Big Agriculture’s cheap labor racket and forcing the modernization that should have come a generation ago.

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In Charts: Communist Cuba's Lights Dim Amid US Oil Blockade

2026-05-01T17:19:30.193-07:00

In Charts: Communist Cuba's Lights Dim Amid US Oil Blockade

Authored by Sylvia Xu, Andrew Moran via The Epoch Times (emphasis ours),

Blackouts, shortages, fuel rationing, and empty streets now define daily life in Cuba.

People wait to fill their water containers during a nationwide blackout in Havana on March 22, 2026. Cuban authorities scrambled on March 22 to restore power to the island after the second nationwide blackout in less than a week, as the grid struggles due to an aging infrastructure and a U.S. oil blockade. Yamil Lage/AFP via Getty Images

Although the norm for decades, these hardships have reached catastrophic proportions as the island nation suffers its worst energy and economic crisis since the fall of the Soviet Union.

Cuba’s energy infrastructure is collapsing amid restrictions on oil imports from its key ally Venezuela, along with a U.S. military operation that has further disrupted Venezuela’s production and shipping.

With the country’s main supplier impaired, Havana is without the energy needed to keep its grid stable, leading to rolling blackouts and widespread shortages of everything from medicines to food.

The White House aims to push the communist-led nation into talks and concessions. A combination of indirect pressure through increased tariffs on Cuba’s oil suppliers and direct intervention by the U.S. Coast Guard in the region has amounted to an effective blockade of the island.

A tugboat guides a Russian oil tanker as it arrives at the oil terminal in the port of Matanzas, Cuba, on March 31, 2026. The shipment of 730,000 barrels marked Cuba’s first crude import in three months as the White House aims to push the communist-led nation into talks and concessions. Yamil Lage/AFP via Getty Images

In February, the United States made a key exception: the sale of fuel directly to private businesses in Cuba. The shipments are small, however, totaling an estimated 30,000 barrels so far this year.

The Trump administration is showing some signs of easing pressure, allowing a Russia-flagged tanker to deliver 730,000 barrels of oil to Cuba on March 31—the island’s first sizable import of crude in three months. Given Cuba’s daily needs of nearly 80,000 barrels per day in 2025, the shipment provided less than 10 days of supply.

A gas station remains closed due to a lack of fuel in Havana on March 24, 2026. Cuba’s government confirmed on April 20 it had returned to the table to meet with U.S. officials, seeking to ease tensions and address energy restrictions. Yuri Cortez/AFP via Getty Images

Risky Reliance on Imported Oil

Imported oil is the lifeblood of Cuba’s energy infrastructure; net crude oil imports accounted for nearly 60 percent of the country’s total supply as of 2023, according to the International Energy Agency (IEA).

For more than 25 years, those imports primarily came from Venezuela, under a bilateral agreement based on bartering products and services instead of cash payment.

Alternative suppliers have included Mexico (25 percent), Russia (10 percent), and Algeria (4 percent), according to S&P Global Commodities at Sea data.

Even before the current blockade, imports from Venezuela and Mexico were jeopardized by those countries’ struggles to maintain fuel production.

Venezuela’s once-thriving petroleum industry has been crippled by years of mismanagement and sanctions, although the United States is now working with the interim government to rebuild its crumbling energy infrastructure.

Mexico’s state-owned company Pemex ended 2025 with its lowest level of production in 46 years amid operational and financial constraints on the country’s oil sector.

U.S. President Donald Trump signs a proclamation at the Shield of the Americas Summit at Trump National Doral in Miami on March 7, 2026. Trump said the United States is “looking forward to the great change” coming to Cuba following what he called a

Energy Blockade

Now, U.S. foreign policy is making it even more difficult for Cuba to navigate global energy markets.

Following the U.S. capture of Venezuelan leader Nicolás Maduro on Jan. 3, President Donald Trump persuaded interim leader Delcy Rodríguez to halt oil and gas exports to Cuba.

A small shipment of oil from Mexico—86,000 barrels—arrived in Cuba on Jan. 9.

But crude oil flowing from Mexico dried up after Trump ramped up pressure on Jan. 29 with an executive order imposing tariffs on any country that “directly or indirectly provides oil to Cuba.” On Feb. 2, Trump announced that Mexico would cease oil shipments to Cuba.

On March 7, Trump told the Shield of the Americas summit: “As we achieve a historic transformation in Venezuela, we’re also looking forward to the great change that will soon be coming to Cuba.

“Cuba is at the end of the line. ... They have a bad regime that’s been bad for a long time. And they used to get the money from Venezuela.”

Cuban leader Miguel Díaz-Canel announced March 13 that the regime had opened talks with the United States, and on April 20, U.S. diplomats set foot on Cuban soil for the first time since 2016.

Alejandro García del Toro, deputy director general in charge of U.S. affairs at the Cuban Ministry of Foreign Affairs, said that “the elimination of the energy embargo against the country was a top priority” for the meetings.

Senate Republicans on April 28 rejected Democratic legislation that would stop the energy blockade of Cuba without congressional approval.

Energy Sources

Over the past two decades, Cuba has attempted to somewhat emulate its neighbors Jamaica and the Dominican Republic, which have managed to offset their petroleum needs with coal, natural gas, and renewables.

The Castro regime in 2005 launched an “energy revolution”—introducing solar and wind, bolstering bioenergy consumption, and expanding distributed generation—in an attempt to diversify the country’s energy portfolio.

However, the leadership failed to address fundamental problems, such as aging Soviet-era infrastructure, underinvestment, reliance on subsidized crude, failure to finance new technologies, and lack of long-term planning and maintenance.

As of 2024, Cuba still relied on oil for 87 percent of its energy, exceeding the Central and South American average of 54 percent, according to a Reuters analysis.

The island nation dedicates more than 80 percent of its oil to electricity generation, according to 2023 data from the IEA. In fact, utilities consume more than double the oil of all other sectors combined, underscoring Cuba’s reliance on petroleum.

Cuba’s thermoelectric infrastructure, loaded with high-sulfur oil, is “old, tired, and highly inefficient,” Jorge Piñon, senior research fellow at the University of Texas at Austin’s Energy Institute, said in a 2023 interview with the Center for Engagement and Advocacy in the Americas.

To revive its power system, Cuba “must decentralize its economic model and resolve its political differences with the United States.”

“Cuba has to abandon its failed Soviet-style centralized command economic model based on state ownership of all means of production and industrial transformation,” Piñon said.

“It should welcome a market economic system in which the decisions regarding investments and production are guided by supply and demand market forces.”

More than 1 million individuals have fled Cuba since 2021. Analysts compare the exodus to that seen during 1994’s Special Period—a time of food scarcity, energy shortages, and agricultural decimation after the demise of the Soviet Union.

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8 In 10 Chatbots Inclined To Assist Users In Planning Attacks

2026-05-01T15:19:28.791-07:00

8 In 10 Chatbots Inclined To Assist Users In Planning Attacks

Eight out of ten AI chatbots have been found to actively assist users in planning violent attacks, according to a new investigation by CNN and the Center for Countering Digital Hate.

As Statista's Anna Fleck reports, when asked to plan violent attacks including a school shooting, an antisemitic bombing and a political assassination, platforms such as Perplexity, Meta AI and DeepSeek regularly assisted users in finding answers.

Only one, Anthropic’s Claude, repeatedly discouraged users from taking action.

You will find more infographics at Statista

Researchers tested ten chatbots by acting as a user planning to carry out several types of violent attacks both in the United States and in Ireland, providing a European comparison.

The tests were designed to reflect plans for school shootings or knife attacks, assassinations targeting politicians or bombings targeting political parties or synagogues.

In over half of the responses for eight of the chatbots, the subjects were provided with advice on locations to target and weapons to use in an attack.

Snapchat’s My AI and Anthropic’s Claude refused to offer help in 54 percent and 68 percent of cases, respectively. Claude was also the only chatbot to consistently recognize the intentions of the user and to discourage them from acting. Meanwhile, Character.AI actively encouraged violence, including suggesting that the test user “use a gun” on a health insurance CEO and physically assault a politician that the user dislikes.

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Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis

2026-04-30T15:19:21.916-07:00

Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis

If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today. Under Maduro, around 75% of the country's energy exports were going to China. This year, the US will be receiving around 50% of the oil supply while China's share is reduced to 10%.

The stunning shift in the direction of oil shipments is helping to insulate the US from shortages caused by the war in Iran and the closure of the Strait of Hormuz. Likely, this was part of the plan from the very beginning. However, the real benefits of the new relationship with Venezuela will not be readily apparent until the end of this year.

Prices at the gas pump for Americans are high since the start of the war with an average of $4.30 per gallon, but decidedly tame compared to most of Europe. The UK is currently at $8 per gallon and Germany at $9.30 per gallon. A portion of these crushing prices is owed to Europe's abusive energy taxation model and carbon agenda, but another big factor is Europe's lack of strategic energy independence (except for Norway).

The US has positioned to avoid a similar fate. Oil export analysts and industry insiders suggest that without the regime change in Venezuela as well as a handful of other policy actions, gas prices in America would be much higher than they are now. This does not protect the US from the interdependency of global markets (or market speculation), but in real terms, there is no threat of supply shortages.

In 2024-2025, only 500,000 barrels of oil per day were shipped to the US from the Strait of Hormuz (around 7% of total exports). This deficit is now being met by Venezuelan production and there's more on the way.

Currently the only American oil company operating in Venezuela, Chevron is bringing in tankers filled with 400,000 barrels of oil to its Pascagoula refinery in Mississippi, which can process a maximum of 330,000 barrels a day of heavy crude oil. Though Venezuela holds around 17% of global oil supply, the dilapidated infrastructure and communist corruption reduced their output to around 1% of global production. This is about to change.

With investment, Chevron plans to increase its Venezuelan production by about 50% over the next couple of years. Fortune notes that the best-case scenario for Venezuelan oil production is about 1.2 million barrels daily by the end of 2026, according to Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute for Public Policy.

Oil service companies are preparing equipment and rigs for transport to Venezuela as the new government prepares a review of gas and oil contracts; a move which would have been thought impossible only a year ago.

Europe is, not surprisingly, trying to get in on the action. Spanish Prime Minister Pedro Sánchez strongly condemned the US capture of Venezuelan leader Nicolás Maduro, labeling it a violation of international law. However, Spain's Repsol is now seeking to increase production at Venezuela's Cardon IV gas field, taking advantage of the regime change. Italy's Eni is also looking for new opportunities to invest and develop Venezuelan fields.

The changes in Venezuela and the positive outlook for increased oil production do little to solve the immediate global supply crisis and price inflation in the making due to the Hormuz closure. But, the new supply does help in preventing sharper spikes at the gas pump in the US.

The capture of Maduro seems to have greater long term implications for energy markets rather than short term advantages. Ultimately, it serves to further insulate the US from outside supply shocks over the next few years while eliminating a vital resource for China and the CCP.

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Engineering Bottleneck Drives Major Deals Across Nuclear Services

2026-04-30T14:19:13.294-07:00

Engineering Bottleneck Drives Major Deals Across Nuclear Services

In the latest development with private equity firms making moves in the nuclear industry, Arlington Capital Partners has acquired nuclear engineering specialist ENERCON from funds managed by Oaktree Capital Management.

The deal includes merging ENERCON with Arlington portfolio company Pond & Company. The combined entity will operate under the ENERCON name, creating a powerful nuclear engineering firm with more than 2,700 professionals.

And then there is the issue of where the US gets 300,000 engineers to build all this missing power supply by 2030 https://t.co/a18crhqZ4v pic.twitter.com/tinW8SHDwM
— zerohedge (@zerohedge) October 14, 2025

ENERCON currently supports ~90% of the nation's nuclear plants. It also holds capabilities in small modular reactors and large-scale reactor projects. Pond contributes with strengths in federal energy, natural gas infrastructure, and mission-critical engineering services. Together, they form an end-to-end provider for regulated power and energy infrastructure.

Arlington Managing Partner Michael Lustbader highlighted the strategic timing. “We have begun a once-in-a-generation structural shift in power demand driven by AI, the onshoring of manufacturing, and changing national security priorities,” he said.

This transaction is the latest in a string of acquisitions signaling intense interest in nuclear-related engineering and services capacity…

In December, advanced reactor developer Natura Resources purchased Shepherd Power from NOV Inc. The move bolstered Natura’s project deployment, regulatory, and licensing expertise as it advances molten salt SMR commercialization for data centers and industrial users.

Earlier this year, Swedish nuclear services firm Studsvik acquired Kärnfull Next for approximately €6.5 million. The deal expands Studsvik from supporting existing fleets into full project development for new SMR initiatives in Sweden and beyond.

Energy Capital Partners also recently announced plans to acquire EnergySolutions (for the second time), a provider of integrated nuclear services spanning maintenance, modifications, decommissioning, waste management, and lifecycle support.

We just detailed this concern for lack of specialized labor in the nuclear industry with the breakdown of a report from Barclays. There is serious demand for specialized engineering talent and capacity as the nuclear renaissance gathers momentum. With utilities and tech giants alike racing to secure reliable, dispatchable zero-carbon power, the bottleneck in qualified engineering resources is becoming evident.

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Chinese Nationals Among 51 Indicted Over Marijuana Grow Operations In Oklahoma

2026-04-29T14:19:13.114-07:00

Chinese Nationals Among 51 Indicted Over Marijuana Grow Operations In Oklahoma

Authored by Michael Clements via The Epoch Times (emphasis ours),

A Department of Homeland Security investigation has resulted in the indictment of 51 defendants—including 29 Chinese nationals—on 67 counts of conspiracy to manufacture black-market marijuana in Oklahoma for distribution in Texas, Mississippi, Kansas, and North Carolina, among other locales.

Oklahoma drug enforcement agent Mike Garcia looks over rows of marijuana plants at an illegal grow facility in Ponca City, Okla, on Dec. 22, 2025. Allan Stein/The Epoch Times

The defendants are from California, Florida, Kansas, Michigan, Mississippi, New York, North Carolina, Oklahoma, and Texas. Of the 51 indicted, 23 are fugitives, and 11 of the Chinese defendants have obtained permanent legal residence in the United States.

The April 21 indictment alleges that between March 2025 and April 2026, a network of growers, brokers, transporters, and distributors sent marijuana into the black market in Oklahoma and across the United States.

Mike Garcia, agent in charge of the 8th District Attorney’s Drug Task Force and Major Crime Unit, told The Epoch Times that illicit operators often buy old houses or undeveloped property and add buildings to grow marijuana.

Garcia said it was difficult to stay on top of the operations.

“You have to keep countering the illegal [operations] to balance it out. It’s a hard thing to do,” Garcia said.

According to a Department of Justice news release on April 27, marijuana was allegedly transported from grow operations to stash houses, and then to customers for further distribution.

Defendants reportedly split the proceeds and also concealed those proceeds by transporting large amounts of cash and using businesses to disguise the nature of the funds.

The conspiracy was carried out, in large part, with cell phones, and, as alleged in the indictment, law enforcement intercepted calls of two of the main conspirators, Li Shun Chen, 53, and Ying Wang, 45, both of Oklahoma City, according to the press release.

A federal grand jury handed down the indictment on April 21. The indictment also calls for the forfeiture of properties and assets used to generate or mask proceeds of the black-market transactions, including properties throughout Oklahoma.

A vernal pool polluted with chemicals used for growing illegal marijuana border an agricultural form in Ponca City, Okla., on Dec. 22, 2025. Allan Stein/The Epoch Times

“Since 2021, when our agency created Marijuana Enforcement Teams (MET), we’ve proudly worked alongside our federal and state partners to target criminal organizations operating in Oklahoma,” Oklahoma Bureau of Narcotics and Dangerous Drugs Control Director Donnie Anderson said in the release. “These partnerships have resulted in a dramatic drop in illegal marijuana farms within our state.”

Oklahoma legalized medical marijuana on June 26, 2018, in hopes that a 7 percent excise tax and state and local property taxes would finance education and infrastructure while creating new jobs.

Mark Woodward, public information officer for the Oklahoma Bureau of Narcotics, said organized criminals used this as an opportunity to get involved. He told The Epoch Times that up to 85 percent of the illegal grow facilities in Oklahoma have ties to Chinese organized crime.

“They used straw owners because so many of them came here during the COVID-19 pandemic,” he said. “The first thing they wanted to do was try to look legitimate.”

The investigation was led by the U.S. Drug Enforcement Administration and the Oklahoma Bureau of Narcotics and Dangerous Drugs Control along with multiple federal, state, and local agencies.

The case is being prosecuted in the U.S. District Court for the Western District of Oklahoma.

Allan Stein contributed to this report.

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Improper US Government Payments Rose To $186 Billion In 2025: Watchdog

2026-04-28T16:19:23.945-07:00

Improper US Government Payments Rose To $186 Billion In 2025: Watchdog

Authored by Sylvia Xu via The Epoch Times (emphasis ours),

Federal government agencies reported a total estimate of about $186 billion in improper payments in fiscal year 2025, an increase of $24 billion from 2024.

The U.S. Government Accountability Office building in Washington on May 22, 2025. Madalina Vasiliu/The Epoch Times

About $153 billion—roughly 82 percent—of this total arose from overpayments.

The Government Accountability Office estimated that cumulative improper payments have reached about $3 trillion since fiscal year 2003. The actual amount may be much higher, the federal watchdog acknowledged in an April 27 report.

These improper payments represent false distributions—such as payments made to the wrong people, paid without proper documentation, or issued in the incorrect amount—from 64 programs reported by 15 federal agencies, and have been a government-wide issue for more than 20 years.

For fiscal year 2025, eight federal programs reported improper payment estimates of $5 billion or more.

Medicaid ($37 billion), Traditional Medicare ($28.8 billion), and Medicare Advantage ($23.7 billion) accounted for more than 50 percent of these erroneous payments.

Medicaid improper payments expanded by $6.3 billion in 2025, compared to the previous year. The Department of Health and Human Services stated that this was due to increased errors in eligibility redeterminations and provider screening as COVID-19 enrollment flexibilities phased out.

The Earned Income Tax Credit ($21 billion), Supplemental Nutrition Assistance Program ($10 billion), and the Shuttered Venue Operators Grant program ($10 billion) added up to more than 20 percent of the total improper payments.

Improper payments arising from the Earned Income Tax Credit—a refundable federal tax credit for low-to-moderate-income working individuals and families—increased by $5.2 billion. The Department of the Treasury has not provided reasons for the improper payments.

Improper Payment Rates

Of the programs reporting improper payment estimates, 19 reported improper payment rates of at least 10 percent, including six programs whose rates exceeded 25 percent.

The Small Business Administration reported improper payments in the Shuttered Venue Operators Grant program for the first time in fiscal year 2025.

The grant program aimed to help the live arts and entertainment industry survive the COVID-19 pandemic. In total, Congress provided $16.25 billion to the Small Business Administration, which awarded grants to 13,011 different businesses and organizations.

Nearly 70 percent of these distributions were erroneous payments, according to the federal watchdog.

As of October 2024, the small-business agency identified $544 million in potential improper payments that need to be recovered. However, the agency sent only one demand letter in January 2024 and paused the issuance of additional demand letters, according to a 2025 audit report.

As of March 2025, no cases had been referred to the Treasury Department for debt collection.

The improper payment rate in the Emergency Conservation Program for disasters—providing funding and technical assistance to farmers and ranchers to repair and restore farmland affected by natural disasters—reached 55.5 percent in 2025, up from 45.2 percent in 2024 and 40.4 percent in 2023.

The causes of improper payments can range from unintentional administrative errors to fraud, according to a 2024 federal watchdog report. An error could occur when an agency failed to obtain a required signature in a contract prior to payment. Fraud occurred when a recipient used a fake or stolen identity to apply for and receive benefits.

Agencies also suspected significant improper payments in the Temporary Assistance for Needy Families program, which spent around $16.5 billion in fiscal year 2025. As of April 2026, Congress had not yet enacted legislation to require states to report the data needed to estimate and report on improper payments for this program.

Lawrence Wilson contributed to the report.

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The Assassination Wasn't "Staged", Leftists Are Just Evil

2026-04-28T14:19:26.917-07:00

The Assassination Wasn't "Staged", Leftists Are Just Evil

Authored by Brandon Smith via Alt-Market.us

Why is it that every time a leftist tries to kill conservatives, it’s immediately called a “false flag”? And why is every single person who dares to question the false flag narrative attacked by a vicious (and suspiciously organized) online mob? The reason should be obvious but some people just don’t seem to see it: It’s a leftist psyop.

In what is now the THIRD failed assassination attempt on Donald Trump, Cole Tomas Allen, a donator to the Kamala Harris campaign, a No Kings protester, a BlueSky leftist and transgender defender, burst into the lobby of the White House Correspondents’ Association Dinner with firearms in an attempt to kill Donald Trump or anyone else in the administration that happened to be a convenient target.

His manifesto reads like most leftist manifestos, and his social media is worse. Infested with mainstream media talking points, infecting his brain with delusions of heroism if only he can “take out the fascists”.

There is absolutely no doubt whatsoever which side this guy is on. He is a full bore woke zealot brainwashed by typical Democrat rhetoric. And yes, he’s a part time teacher of high school children (let that sink in before you send your kids off to public school).

The online response from the political left within minutes of the attack was predictable, as if they had all received a script to recite whenever assassination attempts on Trump occur. The same people who call for Trump’s murder daily are now saying the event was “staged”. Furthermore, they claim that a long time woke leftist somehow volunteered to help Trump stage an assassination by risking prison time or death.

I’ve heard of bipartisan cooperation, but this is ridiculous. Lefties are really bending over backwards to help a Republican president with his image. Sadly, there were people in the alternative media that also immediately bought into this lie and repeated it. But why?

Leftists are repeating the false flag theory. The establishment media entertains the false flag theory. Why are some conservatives helping them spread these fallacies?

I think it’s important to take this opportunity to examine how 4^th Generation Warfare works; first by understanding the reality that portions of the conservative movement are being targeted with it by the left wing, often effectively. The leftists have figured you out.

4^th Gen Warfare is asymmetric and aims to break a movement’s political will. It works by striking at the psychological unity of an enemy group and dividing them; this requires that you identify certain cognitive biases within a portion of that group and exploit those biases to create infighting. The group in question is the “truth” or “conspiracy” element of the wider conservative or MAGA movement.

Has any popular conspiracy theorist today considered the possibility that they are being played? Have they considered the possibility that one of the biggest conspiracies of our era is the agenda to misdirect the public away from punishing the leftist cult for their numerous trespasses?

As a conspiracy “realist” for many years, I think the most important thing to remember is this: Not everything is a conspiracy. If you think everything is a conspiracy, I’m sorry to break it to you, but you are wrong and you are doing far more harm to the truth movement than you are doing good.

One of the most critical changes in the western world that is rarely talked about is that conspiracy movements now have substantial political power and social influence. For generations we were called “fringe”; the crazed and irrational dregs, the deplorables. Today, we have vast reach (online and offline) that stretches across America and into Europe.

Today, everything we say has the potential to affect government policies, elections and even wars (if we remain unified). When a movement grows this strong, its enemies can only seek to destroy it by sabotaging it from within.

By extension, there are numerous think-tanks, NGOs and covert operations designed specifically to find our weaknesses and manipulate our discourse (the SPLC is currently being indicted for such operations). More than anything, the enemy cares about what we think.

And what is our greatest weakness? What do these groups consistently exploit to keep us passive and ineffective? The core weakness of conspiracy theorists is paranoia.

Our willingness to “question everything” can sometimes be used against us to misdirect us into rabbit holes that simply don’t exist. Globalists and the political left have quickly learned that the best way to keep conservatives docile is to make us suspect our own side so much that we never turn our anger against the woke cabal.

Two decades ago when I got my start working in the alternative media, the concept of the “false left/right paradigm” was everywhere. It was the key argument of the truth/liberty movement. The idea that progressives and conservatives are actually much more alike than they know. That we all Americans basically want the same things, and the only obstacle dividing us is the fake “uniparty” at the top.

I’m sorry to break it to the people who have attached their entire political philosophy to this idea, but the false left/right paradigm is dead. It no longer exists.

It died at least a decade ago when Democrats and progressives embraced the woke cult, and in the process they became willing allies of the globalists. Where does almost all the globalist NGO money go? Into Democrat campaigns and woke activist groups What group receives the majority of globalist corporate support? Leftists. Who tries to implement nearly every policy that comes out of globalist conferences like Davos? The political left.

Hell, 90% of Jeffrey Epstein’s campaign donations went to Democrats. It was Epstein that was personally in contact with Democrats, texting them and helping them eith their witch hunt proceedings against Donald Trump. The political left is the machine of the globalists. Everything they promote, from transgenderism to open borders to climate controls is part of the globalist religion. They all a part of the same entity.

And now, they’re trying to kill us wherever they get a chance. They are openly proud of this fact and they represent around 25% of the population. Cole Allen isn’t a radical by today’s standards, he is the common denominator within the Democratic Party.

Meaning, leftist and conservatives are true enemies, from the bottom of the pyramid to the top. We do not want the same things. Not even close. There can be no reconciliation, and this only ends one way.

They know this and they are waging a psychological war against us. Think about it: Every new conspiracy narrative is designed to distract us from the culpability of the political left. When an attack or assassination takes place, the blame is always aimed at someone else.

The mountains of evidence proving that the attackers are militant leftists is ignored in favor of anecdotes, hearsay and outright lies. Here is how the formula works, as far as I can tell. It’s complicated, but hear me out…

1) If an assassination against a conservative fails, then it was “staged” by that conservative.

2) If an assassination against a conservative succeeds, leftists celebrate, and then claim “Israel did it”.

Okay, maybe it’s not so complicated. We witnessed this with the Charlie Kirk assassination. According to the arrest record and court documentation, Tyler Robinson, a far left activist with a trans furry boyfriend, confessed to his parents that he shot Kirk, which is why his parents convinced him to turn himself in.

His boyfriend gave photographic evidence of a hand-written confession to the feds. The note was composed by Robinson in the event that he died during the assassination. This is also on record with the court.

Everything points to Robinson because he is the person who most likely pulled the trigger (which is what he admitted to his parents). There is no grand scheme to frame him. Unless Robinson’s parents AND his boyfriend are in on the plan, there is no debate. The conspiracy theories fall apart.

When it comes to Trump, I have been highly critical in the past, specifically during his first term when he formed a horrific swamp creature cabinet. That said, it’s impossible to deny that his second term has been a 180 degree turnaround. Nearly every campaign promise he made has been carried out or at least attempted despite Democrat (and Neocon) interference.

If you are angry about the war in Iran, that’s fine, but Trump has been talking about removing the Islamic regime in Iran since the 1980s. Any Trump voter who is surprised by this did not do their homework. Entertaining baseless false flag assassination theories is not going to help end the war faster.

For the political left, jumping to conclusions and promoting disinformation is designed to control the narrative and sow division before all the facts can be examined. To plant theories in people’s heads and inoculate them to reasonable discourse.

For truth movement people buying into the disinformation, just know that you are being programmed. It doesn’t matter if you like Trump or hate Trump; like his policies or hate his policies. The facts don’t care about your emotion-based theories. If you’re going to attack him, at least make sure your reasons are legit.

The purpose of the “staged” narrative, as I mentioned, is to sow confusion, doubt and division within patriot circles. Globalists and leftists don’t want conservatives to fight back. They don’t want us organized or unified. They want us apathetic and aimlessly fighting with each other. The gas-lighting must end.

Tyler Durden Tue, 04/28/2026 - 16:20
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"Unprecedented": Travel Prices Expected To Soar To And From World Cup Matches This Summer

2026-04-27T14:19:05.943-07:00

"Unprecedented": Travel Prices Expected To Soar To And From World Cup Matches This Summer

Traveling to matches during the 2026 FIFA World Cup may prove to be one of the biggest hurdles for fans, with transportation costs and logistics shaping up to be a major concern across U.S. host cities, according to Bloomberg.

Prices for getting to stadiums are expected to spike due to high demand, limited parking, and reliance on rideshare services, where surge pricing could make even short trips expensive.

Costs for simply getting to and from matches could vary widely depending on the city and mode of travel. Rideshare prices are expected to surge during peak game times, potentially reaching hundreds of dollars for relatively short distances, while limited stadium parking could also carry premium rates or require advance reservations.

In some regions, special event transit fares may climb significantly higher than normal daily prices, with round-trip tickets potentially reaching well over $100 for high-demand routes. For those seeking convenience, private shuttles and chartered services will likely come at a steep markup, and luxury options like helicopter transfers—already being advertised for tens of thousands of dollars—highlight just how expensive last-mile transportation could become during the tournament.

Chopper rides could wind up "costing as much as $30,000 for a group of eight passengers." the report notes.

Bloomberg writes that public transit agencies are preparing for a massive influx of riders, but upgrades and expanded service come with significant costs. In some areas, fares are expected to rise sharply, and not all stadiums will be easily accessible by train or bus. Officials are working to expand capacity, but many systems are still recovering from pandemic-era budget shortfalls, making it difficult to scale up quickly.

At the same time, tensions are growing over who should pay for these improvements. State and local leaders argue that hosting the tournament should not burden everyday commuters with higher costs.

New Jersey Governor Mikie Sherrill emphasized this stance, saying, “We are committed to ensuring costs are shared fairly,” and adding, “We will not be subsidizing World Cup ticket holders on the backs of New Jerseyans who rely on NJ Transit every day.” With only limited federal funding available, cities are under pressure to find solutions before millions of visitors arrive.

FIFA says that host cities are expected to expand transit services, manage crowds, and cover security-related logistics, all of which come with significant expenses. Some state leaders, including New Jersey Governor Mikie Sherrill, have argued that FIFA should help cover those costs rather than shifting the burden onto taxpayers or everyday commuters. FIFA, however, maintains that its agreements with host cities already allow agencies to charge riders enough to cover expenses, marking a shift from earlier arrangements that required free public transportation for ticket holders.

FIFA officials pushed back strongly on the idea of contributing additional funds, signaling tension as planning ramps up. The organization said it was “quite surprised” by calls to share transportation costs and defended its existing agreements with host cities.

“To arbitrarily set elevated prices and demand FIFA absorb these costs is unprecedented,” said Heimo Schirgi. “No other global event, concert or major sporting promoter has faced such a demand.”

Tyler Durden Mon, 04/27/2026 - 14:25
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Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S.

2026-04-26T16:19:16.826-07:00

Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S.

On Friday, a report crossed the wire that Ford and Geely had been in discussions about collaborating more closely, including whether their developing European partnership could expand into the U.S. market, according to the Wall Street Journal.

Ford denied the claims, which stated that one idea involved Ford using Geely’s vehicle technology domestically. The talks had reportedly cooled, with both sides shifting attention back to Europe, where they are considering sharing production capacity and technical resources.

Geely is motivated to enter the U.S., a lucrative but tightly restricted market for Chinese automakers. High tariffs, bans on Chinese-connected vehicle software, and political resistance from U.S. industry and lawmakers all make entry difficult.

Ford itself has signaled caution, with leadership stressing the importance of protecting American jobs and competitiveness. A company spokesman reinforced that stance, saying, “Our commitment to a level playing field and safeguarding our home market remains absolute.”

The WSJ wrote on Friday that Geely, for its part, has kept its response general, noting, “We always keep an open mind when it comes to exploring cooperative opportunities,” while avoiding specifics about any potential deal.

Earlier discussions went further than simple cooperation, including the possibility of Ford building future models on a Geely-developed platform and leveraging its engineering to speed up EV development. Geely also explored using Ford’s existing manufacturing footprint—particularly in Europe—to bypass trade barriers and scale production more efficiently. While those ideas remain on the table in some form, they highlight how both companies see strategic value in collaboration, even as geopolitical tensions limit how far that cooperation can extend.

Later in the day on Friday after the report, Ford "denied a news report that it has held talks with Geely Automobile Holdings Ltd. about bringing Chinese car technology to the US market", claiming "no such talks" happened.

The broader context is intensifying global competition: Chinese automakers are gaining ground internationally with cheaper, tech-focused vehicles, putting pressure on Western companies. Even so, any attempt to formalize a U.S. partnership would face significant political scrutiny, making overseas collaboration a more practical path for now.

Tyler Durden Sun, 04/26/2026 - 18:23
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Will the Left Make The WHCA Dinner Shooter A Hero?

2026-04-26T15:19:18.592-07:00

Will the Left Make The WHCA Dinner Shooter A Hero?

There was a lot of confusion in the initial hours after the shooting at the White House Correspondents Association Dinner at the Washington Hilton on Saturday night. But it soon became clear that the suspect, Cole Allen, a 31-year-old teacher from Torrance, California, had rabid anti-Trump views and was there to target Trump administration officials.

While the usual suspects on the left are issuing standard statements condemning violence, there’s a real concern that the left will lionize Allen. And even former Obama official and current CNN pundit Van Jones is concerned about it.

"I'm starting to worry about something,” Jones said. “Which is that the shooter survived, which means on Monday he's going to court, which means there is a danger that people try to make him some sort of hero."

He wasn't being paranoid. He was being prescient. And he didn't stop there.

"You watch what happened with Luigi, who shot a CEO to death, and somehow became a hero," Jones continued. " So, they said tonight you saw the worst of America. You saw the best of America. Tonight, you definitely saw the best of America. I hope on Monday we don’t see the worst again. I just want to say very clearly — this kind of despicable behavior has no place in America. It has no place on the right. It has no place on the left.”

He added, “This kind of behavior has no place in America. And it is wrong. Violence is not the way to resolve any grievances. And this cheerleader culture for violence, for people who think that the answer to our problems is to go shooting billionaires or going to synagogues or all these different things, has to be called out immediately. The minute it starts, every single person with the platform must denounce it, or we’re going to see this again.”

CNN Van Jones actually gets things right regarding the WHCD shooter. pic.twitter.com/wySCKHz5hv
— Scott Adams (@scottadamsshow) April 26, 2026

When Luigi Mangione was arrested in December 2024 for the killing of UnitedHealthcare CEO Brian Thompson, the radical left treated him like a celebrity. Within days of the shooting, social media flooded with memes casting Mangione as a modern-day vigilante, a working-class avenger striking back against the healthcare system.

Online stores moved T-shirts. A fundraiser for his legal defense pulled in thousands. Even the Saturday Night Live audience cheered when Mangione’s name was mentioned during a Weekend Update segment.

Mainstream journalists didn't exactly pump the brakes either. CNN's Kaitlan Collins, a White House correspondent no less, casually directed her audience to Mangione's legal defense website.

Acting Attorney General Todd Blanche said Sunday that "preliminary" findings suggest Trump and members of his administration were the likely targets. Allen had been staying at the hotel as a registered guest. Investigators secured his room and began reviewing what CBS News and others described as his manifesto.

According to the New York Post, Allen’s manifesto ran over a thousand words, laying out a delusional justification for the shooting. In it, he described himself as a “Friendly Federal Assassin,” outlined “rules of engagement,” and claimed it was his moral duty to target officials tied to the Trump administration.

Democrats moved quickly to condemn the shooting on Saturday. The statements were prompt and broadly worded. But the uncomfortable overlap between the suspect's stated grievances and the party’s rhetoric about Trump is hard to ignore, making Van Jones’s concerns extremely valid.

Tyler Durden Sun, 04/26/2026 - 16:55
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Is Anthropic Coming For eBay?

2026-04-26T14:19:21.667-07:00

Is Anthropic Coming For eBay?

Late Friday afternoon, as most people were checking out for the weekend after nearly two months of U.S.-Iran war fatigue, Anthropic quietly released a note titled "Project Deal." The company built a closed marketplace where AI agents negotiated prices, struck deals, and completed real transactions with money changing hands.

"We created a marketplace for employees in our San Francisco office, with one big twist. We tasked Claude with buying, selling and negotiating on our colleagues' behalf," Anthropic wrote on X.

New Anthropic research: Project Deal.

We created a marketplace for employees in our San Francisco office, with one big twist. We tasked Claude with buying, selling and negotiating on our colleagues’ behalf. pic.twitter.com/H2f6cLDlAW
— Anthropic (@AnthropicAI) April 24, 2026

The results: Claude agents made 186 deals across more than 500 listed items on a Slack-based marketplace, totaling just over $4,000 in transaction value.

But the quality of the model mattered a lot. In the simulated runs where Opus and Haiku models negotiated with one-another, the Opus models got substantially better deals.

Interestingly, though, participants in our survey didn’t pick up on this disparity. pic.twitter.com/X26hhIieJN
— Anthropic (@AnthropicAI) April 24, 2026

Anthropic's point is that AI-to-AI commerce offers an early look at the coming agentic economy, where AI bots negotiate with other bots in a marketplace to strike the best deal.

Claude interviewed 69 of our colleagues about what they wanted to buy and sell. Each Claude asked for any custom instructions, then went off to haggle.

We ran 4 markets in parallel, to find out what would happen if we varied the models doing the negotiating. pic.twitter.com/FJdD6S2TSd
— Anthropic (@AnthropicAI) April 24, 2026

AI disruption has already hammered software stocks. Now, as Polymarket Money pointed out, "eBay's leadership team is seeing this," referring to Project Deal.

eBay's leadership team seeing this: pic.twitter.com/Hg0KMdhC5z
— Polymarket Money (@PolymarketMoney) April 24, 2026

Shortly after Project Deal's release, eBay shares fell about 4.5% by Friday's close in New York.

Does this mean Anthropic is now coming for eBay?

Tyler Durden Sun, 04/26/2026 - 15:45
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Should Democrats Fear A Supreme Court October Surprise That Could Save The Senate For The GOP?

2026-04-25T16:19:39.417-07:00

Should Democrats Fear A Supreme Court October Surprise That Could Save The Senate For The GOP?

There has been a lot of speculation about potential Supreme Court vacancies this year, mostly centered on Justices Samuel Alito and Clarence Thomas. Even President Donald Trump seems anxious about the possibility. In a recent interview with Fox Business’s Maria Bartiromo, Trump revealed that he has a shortlist of potential Supreme Court nominees ready in the event of a vacancy and signaled he’s prepared to fill multiple seats if the opportunity arises.

"In theory, it's two - you just read the statistics - it could be two, could be three, could be one," Trump said. "I don't know. I'm prepared to do it. But when you mention Alito, he is a great justice."

However, for now, the door appears closed. Sources close to both Justice Samuel Alito and Justice Clarence Thomas told CBS News that neither man plans to retire in 2026, effectively throwing cold water on the speculation that has been building for months within Republican circles.

But Senate Republicans aren't exactly ready to write it off yet. They're treating the possibility of a fall vacancy as hot enough to plan around, even while keeping their mouths carefully shut in public.

The calculus is straightforward. Republicans currently hold a 53-seat Senate majority, but party strategists privately acknowledge that margin is vulnerable. The nonpartisan Cook Political Report recently shifted four Senate races — Ohio, North Carolina, Nebraska, and Georgia — toward Democrats. Meanwhile, Trump's job approval has slipped into the low 30s. Democrats have a credible path to flipping the upper chamber if they can make inroads in Ohio, Alaska, Texas, or Iowa.

What Senate Republicans are hoping for is a potential October surprise.

GOP strategist and former Senate aide Brian Darling argues that a vacancy and confirmation battle hitting in October would "have the whole agenda change," pulling Senate races away from economic grievances and back toward the Court. It would "shift" the focus of contested races and "may motivate MAGA voters to get reengaged and show up to vote." As Darling put it, "An October surprise is when some issue comes up that people aren't expecting that completely changes the debate," adding that such a development "clearly is something that would be welcomed by the Trump administration going into the midterms."

It sounds like a risky strategy that could backfire, as such events could easily motivate both sides. However, Republicans have a recent data point to anchor that theory.

In 2018, Justice Brett Kavanaugh's confirmation fight landed so close to Election Day that it likely helped Republicans flip a few Senate seats despite losing 42 House seats and majority control of the lower chamber. The Senate outcome diverged sharply from the national wave, and vulnerable Democrats in red-leaning states paid the price. Sens. Claire McCaskill of Missouri and Joe Donnelly of Indiana both held polling leads heading into the Kavanaugh vote. Both lost. McCaskill later acknowledged on MSNBC's "Morning Joe" that, before the confirmation battle, there had been “a double-digit difference in enthusiasm” favoring Democrats, but that Supreme Court fight changed the dynamics completely.

The 2016 Scalia precedent is also part of the institutional memory here. After Scalia died in February of that year, then-Majority Leader Mitch McConnell held the seat open through the presidential election, effectively turning the race into a referendum on the Court's direction. Justice Neil Gorsuch was confirmed in April 2017. Republicans believe that the gambit helped deliver the White House.

Sen. John Cornyn (R-Texas) believes a Supreme Court vacancy “would be a galvanizing issue for Republicans,” but was careful to note that justices make their own decisions. "I don't give Supreme Court justices advice," Cornyn said, praising Alito's record by saying simply, "Alito's been great."

There certainly is reason for Republicans to be careful. Barack Obama infamously failed to convince Justice Ruth Bader Ginsburg to retire while he was president. She stubbornly stayed on the court, despite her advanced age and poor health, and passed in 2020, giving a third Court pick.

Sen. John Kennedy (R-La.) was equally careful about nudging Alito, 76, or Thomas, 77, about retiring. He said he has "seen the articles" speculating about Alito’s retirement and acknowledged that "the rumor started somewhere." On whether either justice might step down, Kennedy said it "depends on their health," then added, "I don't know where this rumor came from; it may well be true."

Senate Majority Leader John Thune pointed to Republicans' demonstrated ability to confirm quickly, referencing both 2018 and the confirmation of Justice Amy Coney Barrett in 2020 — completed less than two months after Justice Ruth Bader Ginsburg's death, just before a presidential election.

"It seems like it could happen,” one senior Republican aide said. “We'll get somebody confirmed. The fight will be interesting."

The question isn't whether Republicans want a Supreme Court vacancy before November — it's whether they'll get one. And if they do, history suggests the political fallout could be severe for Democrats defending seats in territory that was never really theirs to begin with.

Tyler Durden Sat, 04/25/2026 - 18:05
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'Spies Inside The Holy See': Report Reveals US Espionage Campaign Targeting Pope Leo

2026-04-25T15:19:27.162-07:00

'Spies Inside The Holy See': Report Reveals US Espionage Campaign Targeting Pope Leo

Via The Cradle

The administration of US President Donald Trump has been "spying" on Pope Leo XIV as part of a years-long intelligence campaign by Washington against the Vatican, US investigative journalist Ken Klippenstein said in a report released Friday.

Klippenstein – an independent, Washington-based investigative journalist who formerly wrote for The Intercept – cited sources as saying that Trump's recent comments on the new Pope were taken by the intelligence community as "a directive to prioritize spying on the Vatican."

via Reuters

Trump had said earlier this month that Pope Leo was "terrible on foreign policy" and "weak on crime." According to Klippenstein’s sources, Washington has "for years" been spying on the Vatican.

"The CIA has human spies working inside the Holy See bureaucracy. The NSA and CIA seek to intercept telecommunications, emails, and texts. The FBI investigates crimes committed against and by the Vatican. The State Department closely follows the ins and outs of Papal diplomacy and politics. All of these agencies liaise with the Vatican’s own foreign policy, intelligence, and law enforcement agencies," the report stated.

Klippenstein pointed to a "longstanding – and quietly extensive – relationship between the US national security apparatus and the Vatican" involving diplomatic, law enforcement, and cybersecurity cooperation.

Much of it is "genuine" but also serves as a "convenient cover for collecting intelligence."

"The first Trump administration sought to beef up its coordination with Italian intelligence agencies and Vatican officials on things like cybersecurity, white collar crime, human trafficking, art theft, and other issues. One particular project was to help the Vatican actively thwart cyber intrusions into its networks. The FBI also regularly provides threat intelligence to the Pope during his travels," Klippenstein cited FBI documents as saying.

"The State Department, meanwhile, maintains a daily Vatican-centric news digest circulated to diplomats worldwide… The department’s Bureau of Intelligence and Research has analysts dedicated to producing classified assessments on Vatican affairs," he added, referring to other documents he obtained.

"Even the US military has a Vatican-specific language code on its books as a distinct linguistic capability. ‘QLE’ designates Ecclesiastical Latin – the Vatican’s preferred liturgical register – as distinct from classical Latin."

The report follows recent tensions between Trump and the Holy See. Trump said earlier this month:

"Pope Leo is WEAK on Crime, and terrible for Foreign Policy. I don’t want a Pope who thinks it’s OK for Iran to have a Nuclear weapon. I don’t want a Pope who thinks it’s terrible that America attacked Venezuela, a Country that was sending massive amounts of Drugs into the US … And I don’t want a Pope who criticizes the President of the US."

Prior to that, the pope had condemned what he called the “delusion of omnipotence,” fueling the US-Israeli war against Iran.

“Enough of the idolatry of self and money! Enough of the display of power! Enough of war!” he said. The pope also recently said that a “handful of tyrants” were ruling the world, before later clarifying that his comments were not meant as a jab at Trump and were written before the US president criticized him.

Additionally, the papacy referred to Trump’s threat to wipe out the Iranian civilization as unacceptable.

President Trump responds to Pope Leo XIV: "He shouldn't be talking about war, he has no idea what's happening."

Trump responds to Italian PM Meloni saying his words about Pope Leo XIV are "unacceptable": "It's her who is unacceptable... I thought she was brave, but I was wrong.” pic.twitter.com/YwkiUDfwR2
— The American Conservative (@amconmag) April 14, 2026

Pope Leo’s remarks came weeks after dozens of US lawmakers demanded a probe due to hundreds of complaints from service members saying that military commanders portrayed the war on Iran as “divinely ordained” and linked to biblical prophecy, including claims that Trump had been “anointed by Jesus.”

Well over 2,000 people have been killed by the US-Israeli war on Iran, and the country’s infrastructure has been ravaged.

Only about one-third of the infrastructure destroyed in Iran’s capital during the US-Israeli war was military-linked, Bloomberg revealed on 21 April in an analysis of the damage caused by Washington and Tel Aviv.

Tyler Durden Sat, 04/25/2026 - 17:30
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18 Shocking Facts That Prove The US Economy Is In Far Worse Shape Than Most People Realize

2026-04-25T14:19:15.235-07:00

18 Shocking Facts That Prove The US Economy Is In Far Worse Shape Than Most People Realize

Authored by Michael Snyder via The Economic Collapse blog,

The economy has been the number one issue for U.S. voters for several years in a row, and it isn’t because things are good.

Consumer confidence is at an all-time low, inflation is starting to accelerate once again, mass layoffs are being conducted all over the nation, and delinquencies and foreclosures are soaring. Nobody can dispute any of the facts that I am about to share with you. We have an enormous economic mess on our hands, and now the crisis in the Middle East threatens to plunge the entire global economic system into chaos in the months ahead. In other words, conditions are not good now and the outlook for the future is not promising at all.

The following are 18 shocking facts that prove that the U.S. economy is in far worse shape than most people realize…

#1 Consumer confidence in the United States has fallen to an all-time record low…

Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday.

The university’s headline index of consumer sentiment tumbled to 47.6, down 10.7% from the March survey to its lowest on record. Current conditions and expectations indexes also saw double-digit monthly declines.

#2 Student loan delinquencies have exploded to a level that we have never seen before…

Student loan delinquency has climbed to roughly 25 percent of borrowers with payments due during the first year of the current Trump administration, according to new analysis.

Researchers from The Century Foundation and Protect Borrowers said the sharp rise in missed payments, nearly triple the pre-coronavirus pandemic rate, has pushed millions into default risk and lowered credit scores, warning of broader financial fallout for households and colleges facing higher nonpayment rates.

#3 The monthly cost of owning a home has risen to absurd heights…

All in, the median monthly housing payment for an owner — including mortgage principal and interest, taxes, homeowners insurance, and estimated maintenance expenses — has ballooned to more than $2,800, a staggering 72% jump from $1,635 six years earlier.

#4 Foreclosure filings were way up in 2025, and so far in 2026 we are 26 percent above last year’s pace…

A fresh wave of foreclosures is sweeping across the United States, with more than 118,000 homes caught up in the crisis in just the first three months of 2026.

It is a grim omen – with echoes of the run up to the 2008 Great Recession – that financial pressure is mounting for thousands of families.

New Attom data shows 118,727 properties were hit with a foreclosure filing in the first quarter – up 26 percent on the same period last year.

#5 The number of Americans that cannot pay their credit card bills in full each month has reached another record high…

More than 111 million people could not pay off their monthly credit-card bills in full at the end of last year, marking a new record, according to new estimates from consumer advocates. That’s roughly 2 million more people unable to pay in full compared to the end of 2024, they noted.

These card holders now owe banks more than $1 trillion — and most are inching closer to maxing out their credit lines, according to researchers at the Century Foundation, a progressive think tank, and Protect Borrowers, a nonprofit group that advocates for borrowers.

#6 As the cost of living soars, people are pulling money out of their 401(k) plans at a record rate in a desperate attempt to make ends meet…

More Americans are digging into their retirement savings because of financial emergencies.

Last year, a record 6% of workers in 401(k) plans administered by Vanguard Group took a hardship withdrawal. That is up from 4.8% in 2024 and a prepandemic average of about 2%, according to Vanguard.

#7 Food prices continue to escalate, and the price of coffee has more than doubled since 2019…

A 16-item basket of groceries made up of staples like eggs, bread, and meat — no truffle cheese in our cart — rang in nearly 43% higher in March compared to the same month in 2019.

A few key categories are behind the rise: Coffee prices have more than doubled since the pandemic, while beef prices have soared more recently.

#8 For the first time ever, the price of a pound of ground beef is now higher than the federal minimum wage in many parts of the country…

The cost of a pound of ground beef has hit a major threshold. Depending on where you shop, the grocery staple likely costs more than the federal minimum wage.

Money analyzed ground beef prices at seven of the most popular grocery chains across the U.S., finding that 1 pound of the typical 20% fat ground beef costs between $6.49 and $8.96. Organic, grass-fed and leaner varieties tend to cost much more.

On the other hand, the federal minimum wage sits at $7.25 per hour.

#9 The Federal Reserve is telling us that 42.5 percent of recent college graduates were underemployed at the end of 2025…

Historically, college graduates have tended to find jobs faster and experience lower unemployment than workers without a degree. But recent data suggests it’s now harder to find a job that fits your skill set once you graduate.

According to the Federal Reserve of New York, 42.5% of recent college graduates (aged 22 to 27 with a bachelor’s degree or higher) are underemployed as of December 2025 — the highest rate since October 2020. Underemployment refers to working in a role that underutilizes your skills, usually at a lower wage or in a part-time position.

#10 We continue to see retailers close locations all over the nation at a staggering rate. For example, Grocery Outlet has announced that they will be permanently closing 36 stores…

Grocery Outlet – the California-based retailer famous for selling products at steep discounts – says it will close 36 stores nationwide as part of a sweeping restructuring plan designed to improve profitability.

The company revealed the move while reporting its latest financial results, saying it had conducted a ‘strategic, financial and operational analysis’ of its entire store network.

#11 Not to be outdone, Papa John’s has announced that they will be closing approximately 300 restaurants…

Pizza chain Papa John’s said it plans to close hundreds of underperforming restaurants in North America by the end of next year.

“We have identified approximately 300 underperforming restaurants across North America that are not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant,” Papa John’s Chief Financial Officer Ravi Thanawala said last week during the company’s fourth-quarter earnings call.

#12 One of our “too big to fail” banks has decided that now is the time to cut about 2,500 jobs…

Morgan Stanley is slashing about 3% of its global workforce — roughly 2,500 jobs — across its key divisions, as the Wall Street giant realigns priorities amid a banner year for profits, sources familiar with the matter have told The Post.

The cuts hit the Ted Pick-led lender’s investment banking, trading, and wealth management units, the people close to the situation said.

#13 EBay will be conducting yet another round of layoffs. This time around approximately 800 workers will get the axe…

EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company.

“We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” an eBay spokesperson said in a statement. “We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.”

#14 At one time Wendy’s was doing great, but in 2026 it will be permanently shuttering hundreds of locations…

Fast-food chain Wendy’s will shutter 5% to 6% of its stores nationwide in the first half of 2026 as part of an ongoing downsizing plan.

Interim CEO Ken Cook first told investors in a Nov. 7 quarterly earnings call that the company would be closing a “mid single-digit percentage” of its nearly 6,000 locations nationwide.

#15 Meta, the parent company of Facebook, apparently intends to let nearly 8,000 employees go in the very near future…

Meta is preparing to cut thousands of jobs as early as next month, with deeper layoffs expected later this year, according to a report.

The tech giant intends to slash roughly 10% of its global workforce — or nearly 8,000 employees — in an initial round of cuts on May 20, sources told Reuters.

The company is also planning additional layoffs in the second half of the year, though details including timing and scope remain unclear, the outlet reported.

#16 From coast to coast, thousands of supply chain workers have been told to hit the bricks in recent weeks…

A wave of layoffs across U.S. supply chains — from EV battery plants and auto parts factories to warehouses and rail terminals — has affected nearly 4,000 workers in recent weeks, according to company announcements and WARN filings across multiple states.

Recent WARN filings and company announcements show job cuts across at least a dozen companies in states including California, Georgia, Tennessee, Texas, Ohio, South Carolina, Pennsylvania and Alabama.

The largest layoffs in the recent wave are coming from the automotive and industrial supply chain. SK Battery America said it laid off 958 workers — about 37% of its workforce — at its electric vehicle battery plant in Commerce, Georgia, citing shifting EV demand as automakers reassess production plans.

#17 According to Newsweek, the following list of companies have all announced layoffs during the month of April…

Blue Shield of California
Zenith Logistics
Perdue Foods
ERN Services
Boston Electrometallurgical Corporation
First Brands Group
GEODIS
MicroVision
IPIC Theaters
Goulet Trucking
CJ Logistics
L3Harris
Supernal
Heritage Bank of Commerce
Angel City Brewery
VCA Bay Area Veterinary Specialists
Monroe Operations
Meteor Creative
Viskon-Aire Corporation
C3.ai
Safari West
Main Street Sports Group Cincinnati
Raley’s
Koppers
Wells Fargo
Lucid Group
Hornblower Cruises and Events
Charles River Laboratories
Wescom Financial
Bluum USA
CHS Northwest
Catalent
Liberty Dental Plan
GXO Logistics

#18 The total unfunded obligations of the U.S. government have now reached a staggering total of 130.12 trillion dollars…

On March 17, 2026, the U.S. Department of the Treasury quietly released the federal government’s fiscal year 2025 financial report. Buried in its tables is a number that should dominate our national conversation – but doesn’t: Total federal obligations now stand at $130.12 trillion.

That figure is not a rounding error or a political talking point. It is derived from the government’s own accounting – combining the reported negative net position (driven largely by bonded debt) with the present value of projected shortfalls in major social insurance programs. Yet public debate continues to revolve almost exclusively around the much smaller figure of Treasury securities outstanding.

There is no way that anyone can spin the facts that I have just shared with you to make them look good.

So if conditions are already this bad, what will things be like six months from now if the Strait of Hormuz is still closed?

We really are in unprecedented territory, and the truth is the economic conditions could easily get a lot worse during the months ahead.

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.

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TerraPower Commences Construction of Utility-Scale Advanced Reactor

2026-04-24T16:19:09.672-07:00

TerraPower Commences Construction of Utility-Scale Advanced Reactor

TerraPower has officially broken ground on Kemmerer Unit 1 in Wyoming, set to become America’s first utility-scale advanced nuclear power plant.

A new chapter for advanced nuclear energy🔧

We marked the start of construction on our first Natrium® plant, Kemmerer Unit 1. As the first utility-scale advanced nuclear power plant in the US, Kemmerer Unit 1 will advance reliable and resilient energy. https://t.co/xaJR0T595c pic.twitter.com/XvpzJqzy03
— TerraPower (@TerraPower) April 23, 2026

The April 23 announcement marks the start of full construction on the Natrium reactor, a 345-megawatt sodium-cooled fast reactor paired with a molten salt-based energy storage system that can ramp output to 500 megawatts for over five hours to handle peak demand.

The project sits near a retiring coal plant in Kemmerer, making it Wyoming’s first commercial nuclear generating station. Non-nuclear site preparation began in June 2024 after years of engineering and regulatory hurdles.

The DOE’s Advanced Reactor Demonstration Program provided public-private backing, with Bechtel handling engineering, procurement and construction, and GE Vernova Hitachi Nuclear Energy contributing reactor technology.

With commercial operations targeted around 2030, The U.S. may finally get on the board for having a utility scale reactor under construction…

Four months later, China has added 9 more reactors and is now building a total of 39 nuclear power plants. Meanwhile the US has added 0 and is still building 0 https://t.co/TJ6BoMghNk pic.twitter.com/O4idOANNUr
— zerohedge (@zerohedge) April 15, 2026

As we reported when the NRC granted the construction permit in March, this step represents the start of actual nuclear facility construction. Up until now, all the work at the site has been for the non-nuclear systems. We also covered TerraPower’s agreement with Meta for up to eight Natrium plants by 2035 to support data center power needs.

TerraPower President and CEO Chris Levesque described the moment as one the industry has been working towards for a generation. “We’re not just breaking new ground on a first-of-a-kind nuclear plant in Wyoming; we’re building the next generation of America’s energy infrastructure.”

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Why Did China Reserve A Vast Offshore Airspace For 40 Days Without Explanation?

2026-04-24T15:19:31.514-07:00

Why Did China Reserve A Vast Offshore Airspace For 40 Days Without Explanation?

Authored by via The Epoch Times,

China has imposed a 40-day offshore airspace restriction larger than Taiwan without explanation, signaling a potential shift toward sustained military readiness near Japan and U.S. allies.

China filed Notices to Air Missions (NOTAMs) reserving offshore airspace in the Yellow Sea and East China Sea from March 27 to May 6, a 40-day window, without announcing any military exercises or offering a public explanation. The reserved zones cover an area larger than Taiwan’s main island, spanning from the Yellow Sea facing South Korea to the East China Sea facing Japan, including airspace north and south of Shanghai.

The restrictions carry no vertical ceiling, designated SFC-UNL, meaning surface to unlimited altitude. Civil aviation remains unaffected. Commercial flights are still permitted to pass through these areas, but must coordinate carefully with Chinese air traffic control authorities.

NOTAMs of this type have previously been used to signal Chinese military exercises, which typically last a few days. China has issued comparable restrictions along the same coastline at least four times in the past 18 months, but those lasted only three days and were openly linked to announced exercises, missile launches, or live-fire training events.

This time, Beijing provided no warning, no declared exercise, and no explanation. China’s Ministry of Defense and civil aviation authorities issued no statements and did not respond to requests for comment.

The November and December 2024 precedent is directly relevant. In November 2024, Shanghai air traffic control issued a NOTAM restricting seven large sections of airspace off China’s coast for periods spanning three days. Those zones overlapped with airspace subsequently used during large-scale military exercises in December 2024.

China provided no reason for the November restrictions, and they passed relatively unnoticed by the international media. Analysts assessed that they may have served as a rehearsal for the more significant airspace reservations that accompanied the December exercises.

Ray Powell, director of Stanford University’s SeaLight project, which tracks Chinese maritime activity, told The Wall Street Journal that the combination of SFC-UNL designation and a 40-day duration with no announced exercise suggests “a sustained operational readiness posture—and one that China apparently doesn’t feel the need to explain.”

Christopher Sharman, director of the U.S. Naval War College’s China Maritime Studies Institute, said the zones could provide China an opportunity to practice air combat maneuvers relevant to a Taiwan contingency.

Ben Lewis of PLATracker, an organization that analyzes the Chinese military and regional security development, assessed that the longer window likely gives China’s military scheduling flexibility for spring training and said he does not anticipate major exercises given the Kuomintang chair’s visit to Beijing and the planned Trump–Xi summit in mid-May.

The restricted zones lie hundreds of miles north of Taiwan but sit directly along approaches facing Japan and South Korea. A senior Taiwanese security official told the Journal the reservation is “clearly aimed at Japan,” reflecting Chinese efforts to deter U.S. allies and erode American military influence in the Indo-Pacific while U.S. attention remains on the Middle East conflict.

Past Chinese drills have focused on controlling air routes the U.S. military would use in a Taiwan contingency, and the pause in daily PLA flights near Taiwan that preceded these NOTAMs also remains unexplained.

The restrictions carry implications for the United States, Japan, and Taiwan. The United States recently moved long-range missile assets from the Pacific to the Middle East, and the restricted zones cover approaches directly relevant to the U.S. Indo-Pacific Command force projection. Japan faces the most direct exposure, as the East China Sea portion of the restricted airspace faces Japan’s southwestern island chain, where Japan has deployed long-range missiles capable of reaching parts of mainland China.

By using a routine aviation mechanism without stating a military purpose, China imposes costs, heightened readiness, intelligence resources, and diplomatic caution on all three parties simultaneously, without triggering the international backlash that an announced large-scale exercise would generate.

No public U.S. government response to the restrictions has been reported. The U.S. military nonetheless continues operations in the region. USS John Finn conducted a Taiwan Strait transit on March 10, with the U.S. 7th Fleet stating the mission “demonstrates the U.S. commitment to a free and open Indo-Pacific” and that American forces “will continue to fly, sail, and operate anywhere international law allows.”

On March 28, one day after China’s airspace restrictions took effect, Japanese fighter jets scrambled to intercept a new variant of China’s Y-9FQ anti-submarine warfare aircraft over the East China Sea, approximately 160 miles northeast of Okinawa. Japan’s Ministry of Defense, in releasing details of the intercept, stated that it “will continue to collect information and conduct surveillance on military movements around Japan 24 hours a day and will take all necessary measures against airspace violations.”

Japan has also increased defense spending to 2 percent of GDP ahead of schedule and is working with the United States to expand the joint military presence in Japan’s southwestern region.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

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"Gone In 60 Seconds": Feds Uncover DC-Area International Car Theft Ring

2026-04-23T14:19:24.070-07:00

"Gone In 60 Seconds": Feds Uncover DC-Area International Car Theft Ring

Authored by Jill McLaughlin via The Epoch Times,

Federal authorities in the Washington area have uncovered an alleged international vehicle theft ring involving six people suspected of stealing cars and shipping them to Africa, where they are sold for top dollar.

Six people were charged on April 22 in connection with their roles in the alleged scheme.

A 15-count federal indictment was unsealed in U.S. District Court for the District of Columbia, charging the defendants with conspiracy to steal at least 20 vehicles in the Washington metropolitan area and Pennsylvania.

The cars are transported over state lines and sold to buyers in the United States and the African nation of Ghana, according to the U.S. Attorney’s Office in Washington.

The indictment follows a year-long investigation into an alleged auto-theft ring in the District of Columbia area that involved vehicles stolen using electronic devices that allowed thieves to reprogram cars to accept blank key fobs, prosecutors said.

“They don’t need keys, and they don’t need hot wiring—no smashed windows, no drama—just a sleek electronic device called an ‘Autel’ and under a minute the car’s brain is rewritten,” U.S. Attorney Jeanine Pirro said during a press conference on April 22.

“The car is gone in 60 seconds.”

An Autel device can be used to erase a vehicle’s records and reprogram its keys. Law enforcement is continuing to investigate the case, Pirro said.

The auto theft ring could involve more than 100 vehicles in the District of Columbia and more than 30 vehicles in Prince George’s County, Maryland.

Police officers working on the case executed a search warrant on April 21 at an automobile storage facility in Decatur, Georgia, locating several of the missing vehicles, prosecutors said.

The suspects are Jacob Hernandez, 29, of Los Angeles; Dustin Wetzel, 23, of Woodbridge, Virginia; James Young, 23, of Hyattsville, Maryland; Khobe David, 24, of Upper Marlboro, Maryland; and Chance Clark, 25, of Waldorf, Maryland.

Another defendant remains at large and is considered a fugitive. Prosecutors did not release the name of that defendant, whose indictment remained sealed.

According to the indictment, the stolen vehicles—mostly newer Honda Civics and CRVs, and Acura TLXs and RDXs—were first taken to be “cooled off” in storage locations in southeast Washington. Theeves allegedly disguised the cars by swapping license plates and obscuring the vehicle identification numbers (VINs), according to prosecutors.

Before shipping the stolen cars, the conspirators allegedly disabled the GPS and Bluetooth systems to deter detection.

A car transporter in Maryland was loaded with several of the recovered vehicles from an alleged international auto-theft ring that federal authorities say was connected to six people in the Washington metropolitan area. U.S. DOJ

“This isn’t joyriding,” Pirro said. “These are high-end vehicles loaded on transport carriers headed to ports in Savannah [Georgia] and Baltimore, Maryland.”

The stolen cars were then loaded onto shipping containers labeled as furniture to avoid more scrutiny and sent to Africa, where they were able to get “top dollar,” Pirro said.

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California Exposes Amazon's Alleged 'Retail Price Fixing' In Unredacted Court Filing

2026-04-22T15:19:31.066-07:00

California Exposes Amazon's Alleged 'Retail Price Fixing' In Unredacted Court Filing

California Attorney General Rob Bonta on Monday released a largely unredacted court filing packed with internal emails that allege Amazon strong-armed brands like Levi Strauss and Hanes into pressuring Walmart, Target and other rivals to raise prices - all to protect Amazon’s $2.66 trillion empire.

The 19-page memorandum, filed in support of a preliminary injunction in San Francisco Superior Court, paints a picture of coordinated price elevation that Bonta calls “naked” and “per se illegal” under California’s Cartwright Act. The evidence builds on documents the Guardian first reported on last week, but goes significantly further by naming major brands and quoting verbatim email chains that had remained heavily redacted until Monday.

"You don’t see price fixing so explicitly and egregiously in writing like this," Bonta told reporters, framing the documents as proof that Amazon used its market dominance to eliminate real competition across the internet.

The case, The People of the State of California v. Amazon.com Inc. (CGC-22-601826), dates back to September 2022. California accuses Amazon of running what it calls a "Retail Price Fixing Scheme" that relies on threats of lost Buy Box placement, suppressed search visibility and outright order suspensions - tools the state says gave the company "overwhelming bargaining leverage" over vendors.

The emails tell the story in real time.

In one exchange detailed in the filing, Amazon flagged "styles of concern" to Levi’s - specifically Easy Khaki Classic pants listed cheaper at Walmart. The next day, Levi’s replied that it had "partnered with" Walmart to raise the price back to the desired $29.99 ladder. Amazon then matched the higher price.

Similar patterns appear with Hanes (pressuring Target and Walmart), Allergan eye drops (Walmart raised prices after Amazon suppressed the listing), pet treats coordinated with Chewy, and furniture sold through Home Depot. Vendors repeatedly acted as intermediaries, contacting rival retailers at Amazon’s direction to "fix" or "resolve" lower prices elsewhere.

The filing also describes Amazon’s internal enforcement mechanisms: "CRaP" (Can’t Realize a Profit) flags, Guaranteed Minimum Margin demands, and instructions to discuss pricing by phone to avoid a paper trail.

According to the filing, Amazon's conduct harms consumers by creating an invisible price floor across major online retailers. "The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires - beyond what is fair," Bonta said in a statement.

Amazon just got caught running a secret price manipulation operation with Levi's, Home Depot, Walmart, and many more.

Every time you "comparison shopped" online, you were looking at prices that were already rigged.

Here's what happened:

Amazon would monitor prices on Walmart,… pic.twitter.com/sCmIGY1cL4
— Ricardo (@Ric_RTP) April 21, 2026

Amazon pushed back sharply, calling the release "a transparent attempt to distract from the weakness of its case" and noting that the evidence is years old. "Amazon is consistently identified as America’s lowest-priced online retailer, and we’re proud of the low prices customers find when shopping in our store," a spokesperson said. "Amazon looks forward to responding in court at the appropriate time."

The timing is notable. Bonta filed the preliminary injunction request in February; a hearing is scheduled for July 23, 2026. Full trial begins January 19, 2027 - one of at least three major Amazon antitrust trials now teed up for next year, including the FTC’s separate monopoly case (joined by 18 states and the DOJ) that also features allegations of algorithmic pricing tactics known internally as "Project Nessie."

The Federal Trade Commission and 17 states sued Amazon in 2023, accusing the company of illegally maintaining a monopoly in online retail by squeezing merchants who sell on its site and prioritizing its own products. Those actions resulted in “artificially higher prices,” according to the government’s suit.

In September, the F.T.C. agreed to settle a lawsuit against Amazon that accused the company of making it difficult for consumers to cancel its Prime subscription service. Under the terms of the settlement, Amazon agreed to pay up to $2.5 billion — including $1 billion in penalties and additional payouts to consumers. It did not admit or deny wrongdoing. -NYT

Legal experts say the explicit emails could make this one of the more straightforward price-fixing cases in recent Big Tech history - though Amazon is expected to argue that vendors set their own prices and that its practices ultimately benefit consumers through lower prices and greater selection.

For now, the unredacted documents give regulators, lawmakers and the public a rare, granular look inside the mechanics of modern retail pricing power. Bonta’s office framed the release as a transparency win amid a national affordability crunch. "Amid a crisis of affordability," the attorney general said, "Amazon is illegally working to rake in profits by making sure consumers have nowhere else to turn to for lower prices."

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"Civic Action Requires More Than Textbooks": Chicago To Subsidize May Day Protests By Teachers

2026-04-22T14:19:24.222-07:00

"Civic Action Requires More Than Textbooks": Chicago To Subsidize May Day Protests By Teachers

Authored by Jonathan Turley,

The Chicago Public Schools are facing a major truancy problem…among teachers.

The Chicago Teachers Union (CTU) was up in arms over suggestions that classes should be held on May 1 when teachers wanted to be out protesting.

Called International Workers’ Day, May Day is a global day of protest for socialist, communist, and unionist groups.

The CTU was upset when parents objected that canceling a day of class for teachers to join a political protest was a burden for working parents. These teachers believe that they are teaching something far more important through their activism. In defending the demand for publicly subsidized protests, CTU Vice President Jackson Potter explained that “teaching our students what civic action looks like requires more than textbooks.”

While that does not help with the dismal proficiency scores of actual students, it is vital to training students as political foot soldiers.

The CTU and the National Education Association recently collaborated on a “curriculum build” to bring “social justice into the classroom” ahead of May Day. Dave Stieber, a history teacher in Chicago Public Schools is shown declaring that “May Day is a dress rehearsal for maybe there’s a random day in, you know, June that we all are, like, no work, no school, no shopping…So this is a continuation and a buildup of that.”

In the meantime, with only 2 of 5 students reading at grade level, the Chicago teachers chose to lower proficiency levels rather than improve their teaching record.

While failing on actually teaching students, the CTU is proficient at instructing politicians such as Mayor Brandon Johnson through the use of union dues to fund Democratic campaigns. The CTU and other teachers’ unions funneled millions into Johnson’s campaign. By one estimate, 93 percent of Johnson’s campaign budget came from unions.

The CTU has long held the distinction of being the most radical teachers’ union in the country. It was a CTU delegation that went to Venezuela during the Maduro regime to praise conditions under socialism. In a country where dissenters and reporters were being jailed and killed, the Chicago teachers gushed about how “we did not see a single homeless person!”

Chicago area teachers have been charged with violent protests.

Suggesting that teachers should work rather than attend May Day protests set off the Chicago teachers. Now, the union has confirmed that classes will be held without the participating teachers, and Chicago Public Schools will pay for buses for both students and educators to go to the protests.

The city further promised that there would be no repercussions for either students or teachers playing hooky from school.

This is not the first time unions and teachers have allowed students to skip classes to support left-wing protests. In New York, teachers and students were allowed to skip school to demand a ceasefire in Gaza. Previously, students were allowed to skip school to protest climate change.

These school districts do not show the same participatory support for protests on the right. There is no accommodation or city-subsidized buses for pro-life protests or demonstrations in favor of Israel.

Nevertheless, the Chicago school system is declaring that this is what schooling is all about in the Windy City. CPS CEO Macquline King stated that “the agreement honors the proud history of civic action in Chicago and beyond.”

Decades ago, my parents helped create an organization to stem the exodus of families from public schools and to reinforce academic standards in the Chicago Public School system. They convinced more families to remain in the system because they believed (as I do) that public schools can play a critical role in shaping citizens through a diverse and shared experience.

I was long skeptical of voucher systems because of that commitment to public education. However, teacher unions and administrators are destroying public education in America. They are treating families as captive audiences while infusing education with social and political agendas. The only way to break this decades-long cycle of failure, in my opinion, is to give families alternatives by allowing them to send their children to schools with core educational (as opposed to advocacy) priorities.

Nevertheless, Mayor Johnson celebrated the funding of the May Day protests:

“We are pleased all parties are working together to ensure school communities can participate in commemorating International Workers Day…Encouraging participating allows Chicagoans to honor our history while advocating for our future. We look forward to a day of meaningful solidarity and community resistance to the forces trying to tear us apart.

Schools have long been a target for indoctrination by radical elements. The Cultural Revolution in China was the most extreme example where children were forced into protests and taught that political activism came before scholastics under the slogan “to rebel is justified.”

Mao declared that “our educational policy must enable everyone who receives an education to develop morally, intellectually and physically and become a worker with both socialist consciousness and culture.”

In the CTU/NEA seminar, Kirstin Roberts, a pre-school teacher in Chicago Public Schools, is shown explaining that the purpose is to “encourage teachers of young children not to feel like this is stuff that’s way beyond their students, not to be afraid of raising up social justice issues, including workers’ rights, anti-racism, pro LGBT, LGBTQIA plus issues, immigration and immigrants rights.”

The erosion of the line between education and advocacy is now occurring on every level of our educational system. Some universities now have “resident activist” programs or offer degrees in advocacy.

In my book Rage and the Republic, I discuss the rise of the “new Jacobins” in the United States, including a cadre of radical educators who use our schools to pursue fundamental changes in our constitutional system. Law professors and deans are now calling for trashing our Constitution as a threat to the nation while teachers are using classes to radicalize students.

Chicago’s subsidy of May Day protests uses public funds in the struggling school system to foster radical political agendas. It removes any doubt for parents about the priority of Johnson, the CTU, and many of these teachers.

Some of the sentiments expressed in Chicago could have been ripped from Mao’s Little Red Book and speeches. He insisted “education must serve proletarian politics” and demanded “the period of schooling should be shortened, education should be revolutionized.”

In Chicago, the “period for schooling” is now being shortened in favor of “solidarity and community resistance.” While the students may not be able to actually read, they will learn the three R’s of modern education: resisting, raging, and rebelling.

Jonathan Turley is a law professor and the best-selling author of “Rage and the Republic: The Unfinished Story of the American Revolution

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