Jun 192026
 


M.C. Escher Fish and Boat 1948


Trump Ties His Name and Credibility to Vance’s Dubious Iran Diplomacy (Hammer)
The Iran War Was Easy. The Peace Is the Problem. (Stephen Green)
Victor Davis Hanson: The Biggest Test of the Iran Deal: Enforcement (Bolt)
Secretary of War Pete Hegseth Just Tore Into NATO (Bolt)
Britain Bought The Keys To Ukraine’s Nuclear Future – What’s Next? (Ostashko)
G7 Considering Licensed Arms Production In Ukraine: Why Now? (RT)
EU Pushes Trump On Russia Policy As Moscow Warns On Greenland Militarization (TASS)
Denazification of Germany, France, Britain, Sweden, Canada (Helmer)
Speculation About A SpaceX–Tesla Merger Is Already Growing (ZH)
Stupid, Stupid, Stupid”: DOJ Memo Tarnishes Record of Merrick Garland (Turley)
Two Top Senators Urge Trump DOJ To Prosecute Fauci Despite Biden Pardon (JTN)
Dems Could Have Beaten Trump If Biden Had Stepped Aside: Hillary Clinton (JTN)
What Joy Behar Told JD Vance Shocked Him (Margolis)
White Ethnicities Have Been Demonized Beyond Recovery (Paul Craig Roberts)
Apple To Raise Prices As AI Boom Pushes Up Chip Costs (BBC)

 


 

https://twitter.com/robertdunlap947/status/2067352902713196650?s=20 https://twitter.com/AmericaPartyX/status/2067243242127503555?s=20 https://twitter.com/VictoriaSask/status/2067407714498551928?s=20

 


 


Not many illustrations today or other things that break the text monotony, and I even double-checked. Sorry for that. “First, can Americans somehow believe that Iran will uphold its commitments, given its history of deceiving and lying at every turn? Second, what does this mean for Trump’s legacy and successor plans ..”

Trump Ties His Name and Credibility to Vance’s Dubious Iran Diplomacy (Hammer)

Donald Trump has been the greatest, most clear-eyed and most transformative foreign policy president of my lifetime. But Trump is also the famed businessman who wrote The Art of the Deal four decades ago. There has therefore always been the risk that the president’s novel and often unorthodox approach to foreign policy could be subsumed by a greater dealmaking imperative.


Prudent statesmanship on the world stage requires setting clear ends and then working backward to calibrate the appropriate means — diplomatic, economic, military or otherwise — to achieve those ends. Because of his dealmaking background, Trump — despite all his foreign policy successes — was always uniquely vulnerable to confusion of means and ends, prioritizing a deal itself above any end that a deal might be meant to secure.

That is how we got to this troubling week in U.S. foreign policy — namely, the deeply flawed new “memorandum of understanding” between the U.S. and the Islamic Republic of Iran, which represents the single greatest subsumption of noble ends into politically convenient means in at least a decade of American diplomacy.

The Iran appeasement, primarily negotiated and championed by Vice President JD Vance but ultimately bearing Trump’s signature, raises at least two crucial questions. First, can Americans somehow believe that Iran will uphold its commitments, given its history of deceiving and lying at every turn? Second, what does this mean for Trump’s legacy and successor plans, as it pertains to the Middle East and 2028 presidential hopefuls?

We shouldn’t mince words on the first issue. To place trust in Iran’s fanatical Islamist leadership is not merely naive — it’s delusional. For decades, Iran’s apocalyptic Shiite theocracy has demonstrated a consistent pattern of deception and hostility, undermining any notion that it can be a reliable partner in Western diplomacy. The history of Iranian negotiations is littered with broken promises, yet the administration — with Vance as its most prominent salesman — somehow argues this time will be different. There is zero reason for thinking that will be the case. The mullahs are still in charge, after all. As Roger Daltrey of the Who famously said in the hit 1971 song “Won’t Get Fooled Again”: “Meet the new boss / Same as the old boss.”

This current MOU looks shockingly similar to former President Barack Obama’s catastrophic 2015 Joint Comprehensive Plan of Action — a deal that Trump, shortly before withdrawing the United States from the pact in 2018, correctly excoriated as the “worst deal ever negotiated.” Under the guise of diplomacy, the plan said nary a word about Tehran’s formidable ballistic missile arsenal, allowed Iran to continue its nuclear ambitions, and provided the regime with a windfall — or, more accurately, literal pallets — of cash to fund its regional terror proxies.

What exactly is different with the current deal? The mind reels. The new MOU, with its quixotic presuppositions, risks repeating all those same grave mistakes. At its outset earlier this year, Operation Epic Fury had four reasonably clear goals: a truly free Strait of Hormuz, an end to Iran’s funding of its sprawling terror proxy network, an end to Iran’s ballistic missile threat, and a final resolution of the nuclear issue. The current agreement fails to achieve a single one of those American goals.

The Iranian regime, long guided by the sharia doctrine of taqiyya, has always viewed negotiations with Western powers as a strategic tool to buy time while advancing its nuclear capabilities, exporting jihad and sowing discord across the region. To imagine that Iran will suddenly embrace a spirit of good-faith cooperation is simply preposterous. No one actually believes that — including Trump’s own CIA director, John Ratcliffe.

We should also consider how this appeasement affects Trump’s Middle East legacy and, looking toward 2028, possible successor plans. Up until the April 8 ceasefire, Trump evinced a life’s work of consistent toughness toward the world’s No. 1 state sponsor of terrorism — a regime whose revolutionaries’ very first action, in 1979, was to storm the U.S. embassy in Tehran and commence a 444-day hostage crisis. To cap off the fiery and effective Epic Fury on such a limp note, without a single American goal having been achieved, is to jeopardize that legacy.

What is the point, after all, of winning the war but losing the peace? On Wednesday, Trump celebrated the signing of the MOU at a dinner with French President Emmanuel Macron at Versailles. The profound symbolism of having that particular dinner at that particular location, intimately associated as it is with tragically flawed peace accords, cannot be ignored.

It seems, then, that Trump is placing a high-stakes wager on his Middle East legacy on his credulous vice president. As Trump said at the G7 summit earlier this week in France: “If (the Iran deal) works out, I’m going to take the credit. If it doesn’t work out, I’m blaming JD.” Perhaps Trump meant that comment in jest — but perhaps he didn’t. The buck stops with the commander in chief, but maybe this has also been a trial run for Vance as he gears up for a likely 2028 run. If so, it has not been a particularly impressive one. No intellectually honest person can deny that Iran comes out the big winner from yet another futile exercise in kicking the nuclear (and missile) can down the road.

Throughout this ordeal, many Iran hawks have asked, “Where is Marco Rubio?” Rubio, like Ratcliffe and War Secretary Pete Hegseth, allegedly lobbied Trump against the deal. Perhaps the answer, in a possibility raised by the Los Angeles Times on Thursday, is that Rubio is deliberately missing in action: He is letting Vance “take the fall” if (when) the deal inevitably implodes. If Trump cares about preserving his legacy on the world stage, then, ironically, his best remaining hope may well be for Rubio to clean up this mess.

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“Once we were at war, the proper solution was to force Hormuz back open. We even learned last week that Trump ordered elements of the 82nd Airborne Division to Israel for just such an eventuality.”

The Iran War Was Easy. The Peace Is the Problem. (Stephen Green)

When President Donald Trump ordered the start of Operation Epic Fury on February 28, like many people I assumed a brief air campaign to further degrade Iran’s nuclear weapons program. The instigator was Iran’s own negotiators, who boasted to Trump advisor Steve Witkoff that they had produced enough nuclear material for nearly a dozen weapons. All Tehran needed to do was make the final uranium enrichment step from 60% to 90%, then assemble the warheads. Neither Trump nor Israeli Prime Minister Bibi Netanyahu — whose nation former Iranian president Mahmoud Ahmadinejad called a “two-bomb country” — had a choice in the matter. It was either war then or nuclear blackmail later. Or worse.We went to war. I cheered it on.


Milblogger and retired Navy officer CDR Salamander put it better than I did at the time, writing that “I support the strikes on Iran because it firmly fits into a view I have held on the use of national military power for decades.” Sal was writing in support of the age-old Great Power custom of punitive expeditions — brief and often impressively violent campaigns to bloody a smaller enemy without all that “Pottery Barn Rule” nonsense that Colin Powell saddled our strategic thinking with a quarter century ago. “Nation building OPLANS again? No. Not any more. Breaking their things and killing their worst leadership that endangered the USA and her allies? I’m in.” Me too.

Now the Memorandum of Understanding is public, and I must ask: How in the hell did we get to this from where we started on Feb. 28? • Ceasefire: Immediate/permanent end to military ops (incl. Lebanon); no future attacks/threats; respect sovereignty/Lebanon integrity. • Non-interference: Respect sovereignty/territorial integrity; no internal meddling. • Timeline: Negotiate final deal in max 60 days (extendable). • U.S. Actions: Lift naval blockade (start immediately, full in 30 days); withdraw forces post-deal; $300B+ reconstruction plan; end all sanctions (UN/US) per schedule; oil export waivers; release frozen funds/assets. • Iran Actions: Safe commercial shipping (Hormuz/Gulf, 60 days free); no nuclear weapons; maintain nuclear status quo; down-blend stockpile under IAEA. • Interim: Status quo maintained; monitoring mechanism; final deal via binding UNSC resolution.

There’s so much to pick apart here, but there are really only three things that matter: “Status quo,” “End all sanctions,” and “$300 billion.” As for the efficacy of a denuclearization plan involving the UN… I just throw my hands up in the air. I spent weeks coming up with or sharing other people’s attempts to explain what Trump was thinking, from the “rug-merchant” delay strategy to the “there’s no one left there with the authority to negotiate” conundrum. But reading these bullet points, you have to wonder if they weren’t having the exact same discussion inside the White House, right up until the very end.

Here’s a big tell about what the MOU is worth. The two strongest foreign policy hands on Team Trump — Secretary of State Marco Rubio and War Secretary Pete Hegseth — seem to be doing their best to maintain radio silence while JD Vance does the P.R. blitz. Axios reported on Monday that “[CIA Director John] Ratcliffe isn’t the only skeptic in Trump’s top team. In internal discussions, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth both expressed concerns and raised questions about the memorandum of understanding.”

“As Vance emerges as the spokesman for the deal, Secretary of State Marco Rubio has raised eyebrows across the political world with his near-total absence. Rubio, who has taken on multiple roles in the administration,” Mediaite reported Thursday, and “was central to the Iran negotiations up until the last week or so, in which Vance, Jared Kushner, and Steve Witkoff stepped in to rush to finalize an end to hostilities.”mI’ve said here before that Witkoff is one of the very few weak parts of Trump 47, and if those are his fingerprints all over this MOU, then I’ll say it again.

Netanyahu is also nowhere to be seen, following months of standing shoulder-to-shoulder with the administration. The biggest mistake was a ceasefire that effectively locked in Tehran’s control of Hormuz. The clock started ticking on the Islamic Republic the moment the bombs started falling almost four months ago. The clock started ticking on the global economy the moment Tehran more or less closed the Strait.

As Trump himself put it in France on Thursday, “I didn’t want to see economic catastrophe. If you kept this [war] going, that could have happened.” He added, “It could have caused an international depression.” Once we were at war, the proper solution was to force Hormuz back open. We even learned last week that Trump ordered elements of the 82nd Airborne Division to Israel for just such an eventuality.

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“.. we have to react disproportionately any time they break the agreement..”

Victor Davis Hanson: The Biggest Test of the Iran Deal: Enforcement (Bolt)

Victor Davis Hanson, a military historian and senior fellow at the Hoover Institution, said the biggest test of the Iran deal will be how the United States enforces it, as the full text of the memorandum of understanding was finally released Wednesday. Hanson said he’s not entirely worried about the core issues, like issues surrounding the enriched uranium or opening the Strait of Hormuz. He explained that Iran needs the Strait open nearly as much as the rest of the world due to the economic pressures currently on the country, and U.S. intelligence can track enriched uranium so precisely that if Iran moves toward building a nuclear weapon, the U.S. can immediately resume a bombing campaign.


However, the very real threat of those attacks, or other serious U.S. action against Iran, will determine how closely Iran complies with the rest of the agreement and broader American interests.

https://twitter.com/seanhannity/status/2067420491967791267?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2067420491967791267%7Ctwgr%5Ee67877b70d719b47e684bf23fb0ffddee91ad04b%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftownhall.com%2Ftipsheet%2Fdmitri-bolt%2F2026%2F06%2F18%2Fvictor-davis-hanson-the-biggest-test-of-the-iran-deal-comes-down-to-one-thing-enforcement-n2677936

“So the two chief issues I’m not so worried about,” Hanson said. “I think we know where the enriched uranium is, it’s sealed, we have great intelligence, we can bomb it, bomb it, bomb it, we can hit more of their industrial complexes if they cheat, and they will open the Strait of Hormuz because they’re just about broke.”

“The other things are known unknowns. It’s going to be more difficult to ensure they’re not giving money to Hezbollah, the Houthis, and Hamas. That’s more murky, and we don’t know what they’re going to do in Lebanon. And then, of course, we don’t know what’s going on in Iran, because this is the first real air war,” he continued. “We don’t have boots on the ground, we don’t have embeds, but we will learn very shortly, and we’re going to get an idea of just how much damage was done. I think it might have been half a trillion dollars or more in the nuclear military-industrial complex.”

We don’t know the mood of the people. Are they going to come out and say to their own government, you mean we lost everything we had, and now you could have done this peacefully? Instead, you acted so tough, you were humiliated, and now we’re broke and destitute, and all you had to do was agree in the first place. And then we don’t know how the government will react to that. There could be a widespread uprising. We don’t know what we’re going to do if they try to kill another 40,000 people. “So the main denominator, though, that has to be ironclad is we have to react disproportionately any time they break the agreement,” Hanson added.

This comes as concerns have been raised about the memorandum, which essentially serves as an extended 60-day ceasefire to allow negotiating parties to work out the technical details of a more lasting peace deal. The concerns primarily center on the fact that those technical details remain unworked, including how the United States will ensure Iran abandons its nuclear weapons pursuit, how it will prevent Iran from funding its terror proxies in the region, and how the agreement will serve as more than empty commitments by the Iranians.

The Trump administration has maintained that enforcement will hinge on financial incentives: a $300 billion reconstruction fund, an upfront arrangement allowing Iran to immediately begin selling its oil, and U.S. vows to free up sanctioned money and assets upon Iran’s compliance. President Trump also said Wednesday he has no problem resuming military strikes if Iran begins to play games.

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“As Dwight Eisenhower himself said as early as 1951, if in ten years all American troops stationed in Europe for national defense purposes have not been returned to the United States, then this whole process will have failed.”

Secretary of War Pete Hegseth Just Tore Into NATO (Bolt)

Secretary of War Pete Hegseth tore into NATO on Thursday, branding the military alliance a paper tiger and demanding Europeans finally take responsibility for their own defense. Hegseth went on to call for a return to “NATO 1.0,” the era when Europeans understood that NATO’s power came not from “small flags on fancy tables” but from “warriors.” It’s a feature of the military alliance that Europeans have been happy to ignore, vastly preferring the negotiating table, meetings, and international governing bodies over legitimate, hard defense.

https://twitter.com/EricLDaugh/status/2067581391986921892?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2067581391986921892%7Ctwgr%5E4de527fd700b140c5d10de1007d956d0ec7fea42%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftownhall.com%2Ftipsheet%2Fdmitri-bolt%2F2026%2F06%2F18%2Fpete-hegseth-just-tore-into-nato-n2677940


“For too long, NATO has been a paper tiger and a one-way street. No more,” the Secretary of War said. “And that’s what the Hague Summit is all about. That’s what defense spending commitments are all about. Transforming NATO back into a real military alliance that’s focused on hard power and real deterrence.”

A NATO 3.0 modeled on the NATO 1.0 that won the Cold War, with our allies actually taking the lead in Europe’s conventional defense. And that’s what NATO was always supposed to be and what its framers like President Eisenhower always expected. Europe was not supposed to be a dependency of the United States. That’s not what Winston Churchill, Charles de Gaulle, or Conrad Adenauer wanted or expected. No, Europe was supposed to be a military power allied with a strong America. This is the essence of NATO 1.0. As Dwight Eisenhower himself said as early as 1951, if in ten years all American troops stationed in Europe for national defense purposes have not been returned to the United States, then this whole process will have failed.

“Eisenhower was Supreme Allied Commander then, not yet our nation’s 34th president. But he and his allied counterparts, all of them still living in the shadow of World War II, understood that NATO’s power did not come from committees or from meetings or from small flags on fancy tables. It came from warriors,” Hegseth said. “And for Europe’s defense, it had come from NATO allies.”

This comes as President Trump has voiced massive displeasure with European allies, especially amid the war in Iran. The U.S. launched military strikes without consulting NATO partners, and Europe flatly refused to directly assist, a move Trump called “shameful” and uncharacteristic of allies. He went on to say that the Europeans “haven’t been friends when we needed them” and threatened to punish the military alliance by potentially reviewing whether to withdraw American troops from Europe altogether.

European powers, for their part, have agreed to a new distribution of senior leadership across NATO’s Command Structure, giving Europe more control of the alliance’s military operations. They now control all three Joint Force Commands, UK leads Norfolk, Italy leads Naples, and Germany and Poland share Brunssum. The U.S. still maintains key theater commands, but the move is clearly a step toward a more Euro-centric NATO that sidelines Washington from the alliance’s top decision-making positions.

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It’s Britain all the way.

Britain Bought The Keys To Ukraine’s Nuclear Future – What’s Next? (Ostashko)

The UK has once again stormed into Ukraine with the grace of an old imperial administrator that goes about rearranging the furniture. But in reality, things are quite serious. UK Prime Minister Keir Starmer’s decision to finance the supply of enriched uranium for Ukrainian nuclear power plants over the next two years has nothing to do with commerce. Through this deal, London de facto gains access to the most sensitive sector of the Ukrainian state.


In a country where nuclear energy accounts for more than half of all power generation, control over nuclear reactors means direct control over industry, logistics, communications, and the viability of cities, especially in winter. On the surface, the plan is flawless: the UK is acting out of concern for energy security, offering support to its partner, and strengthening Kiev’s resilience. But behind the glossy facade lies a classic debt trap and a new level of external control.

The British have arranged things very well. Ukraine gets the physical resources, the allocated funds immediately return to the UK, and London becomes entrenched in Ukraine’s strategic sector for decades. Following the pain of Brexit, the UK is desperately trying to make a comeback into European politics, and now is an excellent opportunity to do so by means of Ukrainian nuclear energy. We may already see a long and complex technological chain behind the current supplies of uranium: Urenco is responsible for enrichment, Westinghouse provides nuclear fuel assemblies, and the construction of new AP1000 reactors looms on the horizon.

The Soviet nuclear legacy is being systematically replaced by Western companies. This transition will inevitably entail changes in standards, licensing, long-term maintenance, personnel training, and most importantly, the disposal of spent nuclear fuel. Whoever embarks on this path today guarantees themselves the right to dictate the terms of the Ukrainian energy sector for decades to come. This expansion poses direct risks for Russia and Belarus. The Rovno Nuclear Power Plant is located close to the Belarusian border, and operating the old Soviet reactors requires great engineering precision and strict discipline.

In the context of a protracted military conflict, any managerial lapse, technical failure, or political mishap could instantly escalate into a regional catastrophe. The West is steadily consolidating the military, financial, and nuclear components into a cohesive anti-Russia front. While the UK capitalizes on this process, converting it into status, defense contracts, and influence, Ukraine is once again allocated the historical role of a battleground for foreign geopolitical interests.

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“The latest Western idea to prop up the Zelensky regime and compensate for weapons shortages could flop right at the start..”

G7 Considering Licensed Arms Production In Ukraine: Why Now? (RT)

The G7 group is considering providing Ukraine with licenses to allow domestic production of Western weaponry, including anti-aircraft and long-range missiles. RT looks into why the West is doing this so late in the conflict and Ukraine’s ability to deliver on mass arms production.


The scheme
The G7 made the announcement in a joint statement following its summit in Geneva, stating it had agreed to “increase the delivery of air defense capacities, additional systems and interceptors, and long-range capabilities.” “We are also ready to consider extending to Ukraine the benefit of licenses to allow for an increase in Ukraine’s military production,” the group said in a statement. The plan also involves US manufacturers granting licenses to EU military-industrial companies in order to compensate for shortages in production of high-demand weapons, according to German Chancellor Friedrich Merz. “We are all currently producing too little, and this can be offset by granting licenses to companies that have these production capabilities, including European and Ukrainian firms,” Merz told reporters.

How is the scheme supposed to work?
The US rarely grants weaponry production licenses to its partners, pressing them into buying ready-made products instead, or in some instances, creating overseas manufacturing plants without transferring technologies to the third parties. The enduring need to supply Ukraine, as well as the extensive use of assorted munitions during the US-Israeli attack on Iran, however, could have softened Washington’s stance on the outsourcing of arms manufacturing. US President Donald Trump has confirmed the licensed production of anti-aircraft missiles for Patriot systems in Ukraine is under consideration, specifying that no decision has been made yet. “They would like to be able to do that, we’ll take a look at it. They have asked about it,” Trump told reporters on Wednesday.

Over the past few years, Kiev has repeatedly urged Washington to grant it licenses to manufacture such munitions. The US, however, has consistently rejected the idea, while the American arms giants have reportedly been very wary of making any investments in Ukraine due to the obvious risks connected to the ongoing conflict with Russia.

Does Ukraine have actual industrial capacities?
Setting up a full-cycle production of sophisticated weapons in Ukraine seems to be highly improbable, given the country’s shrinking industrial capacities, as well as questionable record of local arms manufacturers. While Kiev inherited a well-developed industry after the collapse of the Soviet Union, it has been in decline ever since, with the process further accelerated by the civil conflict in formerly Ukrainian Donbass and the subsequent war against Russia, given that a bulk of plants were located in the east of the country.

One of the flagship Ukrainian ‘domestically built’ weapons, the Bogdana self-propelled howitzer, appears to have little to nothing Ukrainian in it. The howitzers are chambered for 155mm NATO rounds manufactured in the West, while assorted heavy-duty trucks made by European manufacturers have been used as the chassis for the systems. The origins of the barrel itself are also debatable, given Ukraine’s poor record in making even the most basic artillery pieces. For instance, the infamous mortar M120-15 Molot, a copy of a Soviet-era design manufactured by Ukraine since 2016, has repeatedly made the headlines over deadly detonations of shells in its barrel and other malfunctions.

The supposedly domestically built Ukrainian weapons, mainly assorted drones, are at best assembled locally from components supplied from abroad. The hyped FP-5 Flamingo cruise missile also gives a glimpse of Ukraine’s real industrial capacities. The missile has emerged as a parts-bin project, with design features varying from one piece to another, a US-made free-fall bomb used as its warhead, and antique Soviet-era AI-25TL engines, believed to be recovered from scrapped trainer aircraft, used for propulsion.

Why is the West doing this now?
In mid-April, the Russian Defense Ministry published a list of Ukraine-linked military production facilities scattered across Europe and beyond. The military said it had identified such sites in the UK, Germany, Denmark, the Netherlands, Latvia, Lithuania, the Czech Republic, and Poland, as well as in Türkiye and Israel.

The list came with a dire warning. “The implementation of terrorist attack scenarios against Russia… using supposedly ‘Ukrainian’ UAVs manufactured in Europe is leading to unpredictable consequences,” the ministry stated. “Instead of strengthening the security of European states, the actions of European rulers are rapidly drawing these countries into a war with Russia,” it added. The licensing scheme could be a part of the effort to further decentralize arms production to avoid potential retaliatory strikes from Russia, as well as to disguise the supplied weaponry as a Ukrainian homegrown product.

One drone assembly site destroyed in a Russian strike was accidentally exposed this week by the Ukrainian media. A warehouse at the Dovzhenko Film Studios in Kiev, which was allegedly used to store some “unique costumes,” had multiple aircraft wings visible in its rubble, with the parts appearing to be consistent with FP-1/2 drones produced by Vladimir Zelensky’s favorite and corruption-scandal-plagued company Fire Point.

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From TASS Press Review. Origin is either Izvestia, Vedomosti or Nezavisimaya Gazeta.

EU Pushes Trump On Russia Policy As Moscow Warns On Greenland Militarization (TASS)

The Europeans appear set to bend US President Donald Trump to toughen his stance on Russia, as Moscow and Tehran move to coordinate their actions at the UN to lift sanctions. Meanwhile, Russia has cautioned against continued militarization of Greenland. These stories topped Thursday’s headlines in Russia.


US President Donald Trump is trying to resolve the Ukraine conflict and is reluctant to assess actions by his Russian counterpart, Vladimir Putin, even as he is ready to consider putting more sanctions on Moscow and supplying missiles, including manufacturing air defense missiles for the Patriot system under license in Ukraine, the US leader himself said at a news conference with Indian Prime Minister Narendra Modi on the sidelines of the G7 summit on June 17.

He specified that partial reintroduction of restrictions on Russian energy will depend on market price dynamics. It’s worth noting that, on Wednesday, the US Treasury did not extend its waiver of sanctions on Russian oil. Shortly prior to that, on the night of June 16, G7 leaders released a joint statement on geopolitical issues in which they reaffirmed their “unwavering support for Ukraine” and agreed to increase “the delivery of air defense capacities,” and “long-range capabilities’ as well as to strengthen their sanctions on Russia, including on its oil and gas sector. On June 16, Trump held talks with Vladimir Zelensky.

The Europeans are seeking to make Trump reverse the understandings reached at his meeting with Putin in Anchorage in August 2025, Dmitry Suslov, Deputy Director of the Center for Comprehensive European and International Studies at the Higher School of Economics, told Vedomosti. According to him, Brussels would like to introduce a new format of talks with their participation. “They advocate for a format without withdrawal of Ukrainian troops from the rest of Donbass but with deployment of troops from the coalition of the willing in Ukraine,” the expert explained. The Europeans understand that if Trump adopts such a stance, this will actually disrupt talks, but they are not ready for a full cessation of negotiations either as they realize that Ukraine is losing, he argued.

“He is currently facing a much weaker internal and external political situation than at the Anchorage meeting,” Suslov continued. For example, he can no longer threaten Kiev with reduced aid as the bulk of it now comes from the EU. In addition, Trump is looking for European support in the gradual reopening of the Strait of Hormuz. The Europeans are pursuing the goal of buying Trump on Ukraine and putting pressure on Putin through him, while also strengthening Zelensky’s negotiating position, but they are unwilling to disrupt talks, Pavel Koshkin, senior researcher at the Russian Academy of Sciences’ Institute for US and Canadian Studies, maintained.

As regards the prospect of the Europeans eventually sitting down to the negotiating table, this seems possible as the US cannot ignore its key allies in the region, despite the accumulated differences. “Trump will continue to maneuver further down the road. His goals are still the same: he is still seeking a meeting between Putin and Zelensky. And if this requires involving the Europeans, he could perhaps propose these ideas to Putin. For if Russia actually views the EU as an indirect party to the conflict, a durable peace is unlikely to be agreed without the EU,” Koshkin concluded.

Moscow and Tehran are coordinating their actions at the United Nations to lift all sanctions on Iran, Russian Deputy Foreign Minister Alexander Alimov told Izvestia. They actually secured the support of 16 additional states here. The memorandum of understanding (MoU) signed between Iran and the United States last night includes a provision on lifting restrictions. A 60-day period of talks will begin next, at which Tehran will concentrate on the nuclear problem and sanctions, the Islamic Republic’s MFA said. However, given the number of sanctions, this may turn into a very complicated legal process. For the time being, only pinpoint energy waivers that will greatly facilitate oil sales for Iran seem more likely.

On Wednesday night, two days ahead of the scheduled date, the United States and Iran separately signed a pre-agreed MoU. Without taking account of waivers post the 2015 nuclear deal, it can be said that the Islamic Republic has been under strict restrictions since its foundation, or for almost half a century already. Meanwhile, Harare, the capital of Zimbabwe, recently hosted a meeting of the Group of Friends in Defense of the UN Charter. Apart from Russia and Iran, it was attended by 16 other countries, including China. Among other topics, the Group has constantly focused on countering unlawful sanctions, including on Iran.

In general, lifting restrictions still seems to be the most challenging process, in light of their number. More than 6,000 sanctions have been imposed on Iran – Russia alone is under even more sanctions. The bulk of those was imposed by the United States. And cancelling relevant UN Security Council resolutions will obviously cause the most difficulties. A new resolution will be needed for this. And given the dozens of failed attempts at the UN to adopt at least some resolutions, not to mention the split in the Security Council, this will constitute the biggest challenge in purely technical terms.

Only the lifting of energy sanctions can be realistic in the near future, experts say. “Restrictions on ship freight, tanker insurance, logistics operations, and financial transactions in the oil industry and with hydrocarbons may be lifted,” Yekaterina Arapova, head of a research program at the Institute of International Research at MGIMO University, told Izvestia.

Despite the fact that Iran cannot currently sell all the oil it can produce amid the sanctions, the country is among the top 10 major exporters, therefore if operations with crude oil are greenlighted, this may seriously change not only the republic’s economy but also the situation on global markets. “If sanctions are lifted on Tehran, then it will not make much sense for China to buy exclusively Iranian oil. And there will remain only one supplier who could offer a discount due to the sanctions pressure, and that is Russia. The Americans have already `torn Venezuela away’ from China. Moreover, the increased demand from China will intensify competition for Russian oil with India, and this will enable Russia to slash the discount,” Igor Yushkov, leading expert at the Financial University under the Russian Government, told Izvestia.

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Is the west simply going to deny it’s needed?

Denazification of Germany, France, Britain, Sweden, Canada (Helmer)

Russian officials are insisting in private that tomorrow’s (June 19) signing of the US-Iran Memorandum of Understanding (MoU), with its fourteen points, is the signal for finalizing a similar multi-point term sheet for agreement with the US to halt the war on the Ukrainian battlefield.


They also insist — add sources in a position to know — that the Trump Administration is promising the lifting of US sanctions on the Russian oil trade and on the alternative fleet which has been carrying these oil cargoes to buyers in India, China, Turkey, and elsewhere. The sources claim that the Russian military plan for the peace pause assumes a ceasefire, including a halt to Ukrainian drone attacks, for at least the remaining two years of President Donald Trump’s term – longer if he is succeeded by Vice President JD Vance or by one of Trump’s sons. The Russian intelligence forecast is for a Republican victory in the 2028 presidential election.

If the future is this rosy, or if it only looks that way through rose-coloured glasses, what is to become of the UKRAINIZATION of drone warfighting operations now extending across the NATO bases, NATO drone manufacturing plants, and NATO exercises, deployment, and operational plans to prepare to fire them at Russian targets?

What is to become, also, of the AMERICANIZATION of security for Russia in Europe which President Vladimir Putin insists he discussed – one on one and in fluent English – and agreed with Trump at their Anchorage, Alaska, summit meeting last August 15? This is what Russian officials call the Anchorage Formula – it means trust in Trump to deliver a security guarantee protecting Russia from the drone, missile, and other attacks currently under way on the Russian hinterland, on Crimea and the Donbass, and on Russian oil and gas cargoes moving to market on the high seas.

The Russian General Staff and its chief intelligence officer, Admiral Igor Kostyukov, believe that Americanization will put a pause on Ukrainization for at least the year ahead. These officers don’t give any credit for negotiating this pause to Kirill Dmitriev, Putin’s special negotiator with Trump’s bagmen, Steven Witkoff and Jared Kushner; nor to the individual bribe schemes and slush funds they have been discussing together.

And so the sources in a position to know are asking each other — if Ukrainization and Americanization are about to be implemented by an MoU-type paper for at least a year or two, what about the DENAZIFICATION of the regime currently ruling the Ukraine? That has been a Russian war objective from the beginning of the Special Military Operation. It has been operationalized on term sheets in the Istanbul and Abu Dhabi talks as regime change in Kiev by an election to replace Vladimir Zelensky and his associates. The alternative is regime decapitation by military means or by covert methods.

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Very obvious. Will someone try and prevent it?

Speculation About A SpaceX–Tesla Merger Is Already Growing (ZH)

SpaceX’s record-breaking IPO has fueled speculation that Elon Musk could take an even bigger step: merging SpaceX with Tesla to create a roughly $4 trillion technology conglomerate spanning rockets, AI, satellites, electric vehicles, robotics, energy, and social media, according to a new report from the New York Times. The idea has gained traction among investors, analysts, and even SpaceX executives. Tesla and SpaceX already share personnel, collaborate on major projects, and have business ties through AI development, data centers, batteries, and vehicle sales.


Because Musk controls SpaceX and is Tesla’s largest shareholder, any merger would effectively be a deal with himself, raising concerns about conflicts of interest and shareholder lawsuits. However, legal experts say Texas corporate law—where both companies are now incorporated—makes such challenges difficult. Shareholders generally need to own at least 3% of a company’s stock to sue, a threshold that would require roughly $45 billion in Tesla shares. The Times notes that approval would still require support from two-thirds of Tesla shareholders. Musk controls about 20% of Tesla’s voting power, and many investors have historically backed his initiatives. Tesla’s board has also frequently aligned with Musk, while SpaceX recently added longtime Musk associate Roelof Botha to its board.

Supporters argue a merger could unlock significant synergies. Tesla’s expertise in chips, AI, and data-center construction could complement SpaceX’s ambitions in orbital infrastructure, satellite communications, and space-based computing. Ark Invest, which owns shares in both companies, has said the combination makes strategic sense, though it would prefer Tesla’s self-driving taxi business to mature first. SpaceX President Gwynne Shotwell has acknowledged potential benefits, saying a merger could simplify Musk’s responsibilities and noting clear overlaps between the companies’ futures: “There’s no question that there are synergies between Tesla and SpaceX in our futures.”

Opponents could challenge the deal through securities-fraud claims, antitrust scrutiny, or national-security concerns, particularly given the companies’ combined presence in AI, robotics, communications, and space technology. Still, experts believe regulators would face significant hurdles, especially if the combined company continued to perform well. “As long as he keeps running the business well and the stock price keeps going up, that is a pretty good bar to bringing a securities fraud suit,” said James Spindler, a professor of corporate law at the University of Texas School of Law.

Ultimately, the greatest obstacle may be financial rather than legal. As one corporate-governance expert noted, investors tend to support ambitious deals when markets are rising and shareholders are making money. Charles Elson, the founding director of the Weinberg Center for Corporate Governance at the University of Delaware told The New York Times that Musk “has got this cheering section who will follow him to the gates of Hades or gates of heaven, wherever he leads them.” “Basically he’s gotten to the point where he can do almost anything he wishes…”

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Every now and then, a glimpse at how bad the previous 4 years were.

Stupid, Stupid, Stupid”: DOJ Memo Tarnishes Record of Merrick Garland (Turley)

“Internal emails were uncovered recently that cast a new, negative light on Attorney General Merrick Garland’s record in targeting parents over school board controversies. The communications show that various Justice officials raised alarms over the effort pushed by Democratic allies and the National Association for School Boards. Career officials condemned the Biden Administration proposal by objecting that “If they do this, they might as well rename the damn thing the Anti-MAGA Task Force.”


As parents organized against COVID and woke policies being implemented by school boards, Democratic allies and the National Association for School Boards called upon the Biden Administration to crack down. Garland agreed and implemented a plan detailed in an October 2021 memo to treat these parents as engaged in potential “domestic terrorism.” There was public outrage, but Garland defended the action, declaring “The obligation of the Justice Department is to protect the American people against violence and threats of violence and that particularly includes public officials.” As the outcry grew, the Biden Administration was forced into a retreat and an apology:

“On behalf of NSBA, we regret and apologize for the letter. There was no justification for some of the language included in the letter. We should have had a better process in place to allow for consultation on a communication of this significance. We apologize also for the strain and stress this situation has caused you and your organizations.” We now know that rank-and-file officials opposed the effort, but decided to go forward anyway. The Justice Department in October 2021 issued a memo to coordinate a response to what it described as an “increase in harassment, intimidation and threats of violence against school board members, teachers and workers in our nation’s public schools” by parents.

Newly released emails raised all the objections later made by critics after the policy’s release. One deputy assistant attorney general wrote that: “I don’t think it’s possible to state how strongly I object to this. It will completely and totally nuke our election threats efforts, and will damage the reputation of the Public Integrity Section into the bargain. It’s like they’ve affirmatively trying to make this thing not work and look political.” When officials said that the Biden Administration was about to create an “Anti-MAGA Task Force,” officials responded, “Exactly! Stupid, stupid, stupid.” Another principal deputy assistant attorney general wrote,

“We will not do this. There is no conceivable connection to [public integrity] (indeed, I’m not seeing a federal interest of any kind.). And if they’re going to make the AG’s memo to the field about this and election threats, I’m going to strongly recommend that they not send it.” The Public Integrity section chief agreed, saying the memo could turn the Justice Department and the FBI into the “threat police” and that it contained “no limiting principle at all.”The question is how such an ill-considered, excessive memo could be issued in light of such internal opposition. The answer focuses new attention on the record of Garland, who seemed at times to be a virtual pedestrian in decisions at his own department.

In 2022, I wrote a column titled “The Incredible Shrinking Merrick Garland” to express my disappointment in his developing record as someone who supported his nomination. Citing the school memo and other decisions, I wrote that Garland appeared increasingly “immaterial” to the running of the department: “Garland sometimes looks more like a pedestrian than a driver on decisions in his own department. Top positions were given to figures denounced as far-left advocates on issues from defunding the police to racial justice. For the moderate Garland, these did not seem like natural choices.”

As Special Counsel Jack Smith took a hatchet to preexisting DOJ policies and the First Amendment in his crusade against Donald Trump, Garland seemed little more than a figurehead in refusing to exercise any moderating or supervisory influence. Likewise, as his department pursued a “shock and awe campaign” against citizens who joined the January 6th protests, Garland remained passive. By 2023, I was writing columns that Garland had become an “utter failure” as Attorney General. He had become the kind face of a department weaponizing charges and targeting opponents.

While the same charges have been leveled at the current Administration, that does not alter the troubling legacy of Merrick Garland. The school board memo reflects how political rather than legal or institutional priorities prevailed under Garland. The merits of these controversies can be left to history. However, what is most striking is the absence of any discernible control or direction from Garland.

Unlike his predecessor, Bill Barr, who was famously “hands-on” in his leadership style, Garland delegated authority to powerful subordinates, who carried out these measures with little apparent restraint. As discussed in my 2022 column, Garland seemed to morph with the character Scott Stuart in the cult classic, “The Incredible Shrinking Man,” in which Stuart delivers a strikingly profound line: “The unbelievably small and the unbelievably vast eventually meet — like the closing of a gigantic circle.” That may be the final epitaph of Merrick Garland’s record as United States Attorney General.

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“I think we should challenge the pardon, because it’s an extraordinary pardon. It’s a pardon not for a specific crime, and it’s a pardon over a 10 year period. It’s the same that he got the same thing Hunter Biden got…”

Two Top Senators Urge Trump DOJ To Prosecute Fauci Despite Biden Pardon (JTN)

Two top U.S. senators are urging the Trump Justice Department to challenge the legality of President Joe Biden’s pardon of Dr. Anthony Fauci and to pursue criminal charges against the nation’s former top doc during the COVID-19 pandemic. “I think we should challenge the pardon, because it’s an extraordinary pardon. It’s a pardon not for a specific crime, and it’s a pardon over a 10 year period. It’s the same that he got the same thing Hunter Biden got,” Sen. Rand Paul told the Just the News, No Noise television show on Tuesday. “I think that could be challenged in court, because it’s not specific, it’s vague, and it doesn’t specify the crime, and it’s such a large period of time.


So, I think it could be challenged, and should be challenged,” he said. Paul, a longtime Fauci critic who accused the doctor of misleading Congress, added that the recent indictment of two Fauci deputies could give the DOJ leverage to secure their cooperation and testimony against their former boss. Sen. Ron Johnson, R-Wis., echoed Paul’s concerns on Wednesday, telling Just the News that he’s “pretty certain” what Fauci funded in terms of research caused the COVID pandemic. “Anthony Fauci is a bad person, and he ought to be prosecuted, because I believe he did commit crimes,” Johnson said.

How she has long denied wrongdoing and dismissed such criticisms in the past. But Biden nonetheless infamously pardoned Fauci in 2024 by autopen before leaving office. Paul compared the pardon to Hunter Biden’s. Referencing the autopen action, Paul added, “Was President Biden of sound mind? Did he understand who he was pardoning? Did he participate in it? Did he approve of each of the ones that were signed by autopen?” Paul described some of the most alarming elements of a detailed timeline his committee released last week, and accused Fauci of launching a public relations campaign to deflect scrutiny from his agency’s funding of risky virus research in China as the COVID-19 pandemic emerged in early 2020.

Paul detailed a timeline of Fauci’s actions speaking exclusively to Just The News, citing emails and documents his office obtained. Paul highlighted from the timeline that Fauci was awake at 3 a.m. in late January 2020, emailing Dr. Robert Kadlec, who oversaw dangerous research, falsely asserting the virus originated in animals with “nothing to do with the lab.” Fauci also called on old friends within the intelligence community, according to Paul, to mislead them about what was really going on at the Wuhan, China laboratory.

“He (Fauci) already knows he’s going to have to defend this because he outsourced this dangerous research to China. There weren’t adequate safety controls, and now he’s got to start the spin,” Paul said. Paul noted that Fauci’s spin operation was not only necessary for political purposes, but for survival, because in Fauci’s capacity as a health official, he funded research to humanize the virus and re-adapted it to make it more contagious to humans. Within a week, according to Paul, on Feb. 1, 2020, a group of top virologists privately told Fauci the virus appeared engineered, citing its furin cleavage site. The furin cleavage site is a short, specific amino acid sequence that acts as a recognition signal for the host enzyme furin to cut and activate the protein.

Days later, several of those same scientists published a prominent paper declaring it was “not a laboratory construct,” language Paul called “adamant language you rarely see in a scientific article, political type of language, PR type of language.” One author later received an $8 million grant approved by Fauci, Paul said. Fauci then cited the paper in White House briefings as independent evidence against a lab leak, despite having helped commission and edit it. “It’s a big circle, but it’s all around Anthony Fauci,” Paul said. aEncouraging developments, Paul said, include federal indictments of two Fauci lieutenants: David Morens, accused of destroying records and acting as Fauci’s intermediary, and Vincent Munster, a virologist, charged in connection with importing dangerous pathogens into the country without a permit, claiming they were “diagnostic equipment”.

Both were involved in research grants that proposed creating viruses with features similar to SARS-CoV-2. Paul added that Morens and Munster might be willing to flip on the government’s former top pandemic doctor and testify if offered leniency on their terms. “My goodness, it would be worth it to see one or two of his lieutenants give up testimony that they would not have given up otherwise, but now that they’ve been indicted, might be inclined to tell the truth,” Paul said.

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Hillary is talking about (who else) … Hillary.

“Biden was in MY way”.

Dems Could Have Beaten Trump If Biden Had Stepped Aside: Hillary Clinton (JTN)

Hillary Clinton said that former President Joe Biden made a “terrible mistake” when he decided to run for reelection. The remarks were made at an event in Manhattan on Monday, the New York Times reported. Biden’s decision, Clinton said, was a “terrible miscalculation” that resulted in the Democratic Party’s loss in 2024. If instead of running for reelection, Biden had decided to “pass the torch,” Democrats could have held a competitive presidential primary. “Whoever emerged from that contest — whether it was the vice president, or a governor, or a senator or anybody else — would have beaten Donald Trump,” Clinton said.
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They think they can make JD a Democrat. Trump no.2 has them thinking he’s one of theirs. Likability.

What Joy Behar Told JD Vance Shocked Him (Margolis)

JD Vance walked into enemy territory on Tuesday, and while everyone is talking about how he crushed it, with an endorsement nobody saw coming, least of all him. The vice president appeared on ABC’s The View to promote his new book, and he spent the better part of an hour fielding hostile questions from a panel that was never gonna give him a fair chance. But surprisingly, he impressed at least one of his harshest potential critics, who told him so directly during a commercial break. That critic was Joy Behar, the show’s longtime co-host and a woman who has openly admitted that she’s “never voted for a Republican in my life.” According to a report by the New York Post, Behar told him off-air that he should run for president.


The compliment came with a major caveat, though, which Behar made sure everyone heard the next day. She revealed the exchange on The View’s companion podcast, Behind the Table, after executive producer Brian Teta put her on the spot. “I’m getting a note here. You told him during the break that he should run for president because he had a good vibe,” Teta said. Behar’s response: “For a Republican.” That qualifier became the theme of her entire defense of the moment. Behar insisted she doesn’t think Vance is “a bad guy,” calling him “very genial” and crediting him for coming on the show “in good faith.”

The comedian and television personality, who stressed that she is not a Republican, said she has no intention of backing Vance politically, arguing that Democrats are more compassionate than Republicans on national issues. “I don’t mind a Republican on the city level because it needs a little discipline, but on the national level, I want somebody with a good heart,” Behar said, adding that she voted for former New York City Mayor Michael Bloomberg. Bloomberg ran for mayor as a Republican but later registered an independent. He then switched to the Democrats in order to mount what would be an unsuccessful bid for the party’s presidential nomination.

Behar insisted that her personal impression of Vance differed from her view of the administration he serves. “Truthfully, as I said to you at the beginning of this conversation, I don’t think that he’s a bad guy,” she said. Vance also let slip just how much the appearance rattled him beforehand, telling Behar backstage more than once that he was more nervous walking onto that set than he was heading into last year’s vice presidential debate. Well, I guess I can understand that. I mean, Tim Walz, am I right? We all knew how that was going to go. But the women on The View aren’t much smarter than Walz; there are just more of them.

He recounted the compliment again later that night on Gutfeld!, still amused by it. “Joy Behar even said during the break, not joking, she said, ‘You know what? You’re, like, pretty good for a Republican.’ And I was like, ‘Whoa.’ That is a way better compliment than I expected from Joy Behar.” If you missed his appearance on The View, here it is:

In fairness, I don’t think he needs validation from Joy Behar.

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PCR NOT talking about Trump. Or Putin.

White Ethnicities Have Been Demonized Beyond Recovery (Paul Craig Roberts)

In 1968 Britain’s only leader, Enoch Powell, explained that the mass influx into Great Britain by immigrant-invaders from the third world would turn ethnic British into “strangers in their own country.” Powell, of course, was lambasted by the liberals and the left, by presstitutes, and by fellow politicians anxious to move forward at Powell’s expense. Powell’s prediction turned out to be correct and his detractors wrong. In 1973 Jean Raspail said the same thing about France in his book, The Camp of the Saints. In more recent years Marine Le Pen, leader of France’s largest political party, which is carefully kept out of power by the French establishment, has warned that France was ceasing to be French. Her warning has been rewarded by the French elite’s ongoing attempts to imprison her.


In 1972 Wilmot Robertson warned Americans about their future in his book The Dispossessed Majority. In more recent times the immigration website Vdare fostered debate about the consequences of mass immigration for American society. Vdare‘s reward was to be shutdown by anti-white New York attorney general Leticia James, a black woman who was educated by white liberals to hate white people as racists. As almost all immigrant-invaders are people of color, AG James concluded that Vdare was racist and white supremacist and decided to abuse the powers of her office to destroy the immigration website. She did this by endless demands for documents without ever filing charges until Vdare‘s funds were used up by lawyers and the site closed.

Now that Vdare is destroyed by AG James and its former owners left without funds, Leticia James will probably file some unsupported charge against the former owners knowing that they lack the financial means for their defense. Thus she can continue her ruin of the “white racists” and perhaps imprison them. This is what multiculturalism and diversity has brought to insouciant white people everywhere. White ethnicities have everywhere allowed their own brainwashed anti-white governments to put immigrant-invaders in charge of their lives. This result is precisely what Enoch Powell, Jean Raspail, Marine Le Pen, and Wilmot Robertson predicted.

In what little remains of Great Britain today, Tommy Robinson, Nigel Farage, and newcomer Rupert Lowe are making objections to the anti-white policies institutionalized in the British government.. That there are three Britishers protesting the demise of British ethnicity indicates that there is some spark of self-defense among ethnic British. But so much has been lost that the ethnic British are now the underdog in their own country, just as Enoch Powell said they would be. Instead of listening, the dumbshit British read the liberal newspapers and scolded Powell for being a racist.

Essentially, the British government, both parties, have abandoned white British ethnics in favor of immigrant-invaders. Nigel Farage has correctly accused the British government of “deep anti-white racism.” There is no doubt that his accusation is correct. He proves it with the government’s own statistics. There is no doubt that the 2010 Equality Act institutionalized anti-white attitudes into every aspect of legal and public life in Britain.

There have been so many scandals in Britain of the anti-white British government covering up mass crimes committed against British ethnics by immigrant-invaders. There is the now admitted 30-year coverup of mass gang rapes by immigrant-invaders of British women and children. Different reports give different numbers. Some are 180,000 ethnic British female children gang raped and nothing done about it. Other figures are 300,000. A former British prime minister stated publicly that the rapes were ignored by the authorities as it would question the immigration policy.

In the past few days we had the murder of Nowak by an immigrant-invader. Nowak, a white British citizen, bled to death handcuffed by the police .while the white British police chatted amicably with his black murderer. We have had the attempted beheading of an ethnic Britisher by a black immigrant-invader. We have had the stabbing in the neck of a young ethnic British girl by an immigrant-invader who dances at his success. I could go on forever and write volume after volume, and the weak-minded white ethnics sit there thinking as they are told by the white liberals it is their fault for being racist.

The collapse of Western civilization, like the collapse of the Roman Empire, is not a sudden event. It happens slowly over time. The time is upon us, and the collapse is now. The cause is not Russia, Iran, China, or white racism. The cause is the systematic brainwashing of ethnic nationalities in the white world that they uniquely are racists who have oppressed people of color and must now pay the consequences. White ethnicities have been so drained of confidence that they are incapable of fighting for their lives, for their culture, for their civilization. Everywhere white ethnicities are being replaced and they do not resist.

It is that simple. There is nothing left to be said.

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20% and more. Serious.

Apple To Raise Prices As AI Boom Pushes Up Chip Costs (BBC)

Apple plans to raise the prices of its products as the cost of the memory chips it uses has surged, the technology giant’s boss has said. Tim Cook, Apple’s outgoing chief executive, told the Wall Street Journal (WSJ) that price increases were “unavoidable” as the situation around memory chips had become “unsustainable”. He did not say when prices would rise or which products would be affected. It is also unclear whether the price hikes will affect the iPhone 18, which is expected to be launched in September. Memory chips are essential components in smart devices like mobile phones, but the boom in artificial intelligence (AI) has driven up their prices in recent months.


Later, US President Donald Trump said that Apple had agreed to work with chipmaker Intel to make its chips in the US. “I decided to help Intel because we need to design and build our Chips right here in America,” he wrote in a post on his social media platform Truth Social. The BBC has contacted Apple and Intel for comment. In August last year, the Trump administration announced that the federal government would take a 10% stake in Intel. Intel’s shares rose more than 10% when US stock markets opened on Thursday.

‘Less supply’
Speaking to the WSJ, Apple boss Cook said: “We’re doing our best to mitigate the huge increases that are being passed to us, and we’ve been trying to shield our customers from the increases, but the situation has become unsustainable. “There’s less supply at a time when consumers want devices and the memory guys are passing along huge price increases,” said Cook, who is due to be replaced by John Ternus as Apple’s CEO in September after 15 years in the role. “We definitely need memory pricing and supply to return to reasonable levels for consumer products. That’s the bottom line.”

The price of Ram – typically one of the cheapest computer components – has more than doubled since October 2025. In addition to rising AI demand, the war in Iran has also disrupted the global supply of helium, a gas crucial in making semiconductors, adding to the cost of computer chips. The average selling price of smartphones globally is expected to rise by around 20% in 2026 to an all-time high, according to research firm Omdia. Apple’s new phones are likely to cost up to $150 more than the iPhone 17s, as the firm is expected to upgrade their specifications to support new AI features, Omdia’s smartphone market analyst Chiew Le Xuan told the BBC.

Most smartphone brands have already raised prices, pulled back on promotions or cut specifications to protect their profit margins in response to rising costs, he added. “This is the new pricing reality, not a temporary spike.” Other technology giants have also highlighted pressure in the chipmaking industry. In an exclusive interview with the BBC this month, Taiwan Semiconductor Manufacturing Company (TSMC) would not rule out price increases as inflation pushed up its costs. TSMC makes the most advanced chips designed by companies such as Apple, Nvidia and AMD. Earlier this year, Samsung said that it expects memory chip supply shortages to make electronic devices more expensive.

In April, Sony raised the price of its PlayStation 5 consoles by £90 in the UK and $100 in the US as a result of “continued pressures in the global economic landscape”. Nintendo later said it would increase the price of its Switch 2 from September due to “changes in market conditions”. The iPhone 17 has been popular since the lineup was launched last September. Sales of Apple devices grew by 17% in the first three months of 2026 compared with the same period a year ago, helped by strong demand in China. Apple removed the entry-level option of its Mac Mini compact computers, raising its starting price by about $200 (£150) earlier this year.

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https://twitter.com/Maga4liberty/status/2067213950890987655?s=20 https://twitter.com/VictoriaSask/status/2067403042232651902?s=20 https://twitter.com/iAnonPatriot/status/2067340182018297936?s=20

 

 

 

 

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May 282026
 


Andy Warhol Mick Jagger 1975


SpaceX-Tesla Merger Speculation Grows (ZH)
No, Iran and China Are Not ‘Winning’ (Ben Shapiro)
Trump Red Line: No Sanctions Relief Unless Iran Gives Up Uranium (ZH)
President Trump: Iran is Negotiating on Fumes (CTH)
Democrat Voter Fraud in America is Legion – Dr. Jerome Corsi (USAW)
The Islamic Terrorist Conquest of West Africa (Lawrence A. Franklin)
Pope Leo Needs Trump to Tame AI (Daniel McCarthy)
Russian Court Orders Euroclear To Pay €200 Billion (RT)
Ukraine War Enters ‘A New Phase’ (Stephen Green)
Small Business Administration: $200 Billion In Fradulent Pandemic Loans (JTN)
Two Countries in the World Retaliated Against Us, China and Canada (CTH)
Home of 20-Year CIA Senior Manager Raided: $40 Million in Gold Bars (CTH)
President Trump Praises DNI Tulsi Gabbard for Her Incredible Work (CTH)

 


 

https://twitter.com/Sassafrass_84/status/2059039734114955467?s=20

 


 


It’s harder to keep them apart than to merge them.

Expect at least a $4 trillion evaluation.

But what happens if something happens to Elon Musk?

SpaceX-Tesla Merger Speculation Grows (ZH)

Wedbush Securities’ Dan Ives has pointed out for months the potential for a SpaceX-Tesla merger, discussing the possibility with Bloomberg in February and, more recently, on a podcast where he said the probability is 80% by 2027. Polymarket odds of a merger by the end of the year stand at 32%. Now, CNBC has joined the growing speculation that Musk may eventually merge Tesla and SpaceX into one mega-company. The report said: “The two companies already have a laundry list of shared resources, and Musk has discussed with colleagues the possibility of folding the companies together, according to people familiar with the talks who asked not to be named due to the sensitivity of the topic.”


A current Tesla employee told CNBC that many workers at the electric vehicle company have long expected such a transaction to eventually take place and that the topic is openly discussed internally. Another person close to the company said that shared challenges tied to power and compute constraints have led to regular collaborations. Both companies already overlap across AI, compute, power, batteries, materials, engineering, suppliers, board members, and personnel. SpaceX now includes Starlink and xAI, while Tesla is increasingly becoming an AI and robotics company, in addition to remaining one of the leading EV makers.

https://twitter.com/TheSonOfWalkley/status/2059348595019550769?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2059348595019550769%7Ctwgr%5E625e36eedb1d9d3dbbc2ddd4320d05cb54e8efc4%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Ftechnology%2Fspacex-tesla-merger-speculation-grows-decade-cross-company-deals-reveal-deeper

Financial ties between the two companies are already well known: Tesla invested $2 billion in xAI, which became part of SpaceX after the merger. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Past transactions also included Tesla selling solar equipment and parts to SpaceX, Tesla using SpaceX jets, and SpaceX helping with Cybertruck materials.Tejpaul Bhatia, a longtime SpaceX investor and CEO of Nebex, told CNBC that “Parallel entrepreneurship seems to work for him [Elon Musk].”

Tesla’s market cap currently sits at around $1.6 trillion, while SpaceX is expected to start trading on Nasdaq in about two weeks, after achieving a private market valuation of $1.25 trillion earlier this year. Wedbush Securities’ Dan Ives recently told Anthony Pompliano that he has a high-conviction view (80-85% chance) that SpaceX will merge with Tesla in 2027, post-IPO.

Musk sits on both company boards and holds 85% voting power at SpaceX, which would mean limited resistance when the time comes for a merger. EV blog Electrek laid out Musk’s creative engineering of billion-dollar self-dealings over the years:

1. SolarCity — $2.6 billion (2016): Tesla acquired SolarCity, a money-losing solar installer where Musk served as chairman and was the largest shareholder, for $2.6 billion in an all-stock deal. Shareholders sued, alleging it was a bailout of a company that was running out of cash. Musk sat on both boards. A Delaware court ultimately ruled the deal was “fair,” but other Tesla directors settled for $60 million without admitting fault. Musk argued that SolarCity’s solar business had become an integral part of Tesla’s own business, but shortly after winning the lawsuit, Tesla shut down parts of its solar operations and stopped reporting quarterly solar deployment.

2. Twitter/X — $44 billion (2022): Musk acquired Twitter for $44 billion, a price he himself tried to back out of after realizing he overpaid. Within a year, Fidelity had revalued its stake as down 65%. By October 2024, the platform was valued at roughly $9-10 billion. Then, in March 2025, Musk had xAI acquire X for $33 billion ($45 billion including $12 billion in debt) — effectively bailing out his private investors by magically restoring a platform worth $9 billion to a $33 billion valuation on the back of xAI.

3. xAI — Tesla’s $2 billion investment, then SpaceX absorption (2025-2026): Tesla disclosed a $2 billion investment in Musk’s xAI in January 2026, despite shareholders having previously rejected a proposal. Days later, Musk was rumored to be floating a three-way merger. Within weeks, SpaceX acquired xAI in a deal worth roughly $250 billion. Weeks after that, Musk admitted xAI was “not built right” and needed to be rebuilt — after Tesla shareholders’ money was already in and SpaceX shareholders had swallowed the dilution.

4. Tesla-SpaceX merger (2026-2027?): Now Musk wants to combine the whole thing. If this happens, Tesla shareholders will be merging their $1.6 trillion company with an entity that Musk controls with 85% voting power — an entity that now includes the wreckage of Twitter, a money-losing AI company he admitted was built wrong, and a rocket business with an insane valuation that rests on ever-delayed Mars dreams and “data centers in space.”

Polymarket odds of a SpaceX-Tesla merger by the end of the year stand at 32%.

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But the media like that picture.

No, Iran and China Are Not ‘Winning’ (Ben Shapiro)

For years, much of the American media has operated under a peculiar assumption: that the best way to confront adversaries such as China and Iran is to accommodate them. If the United States applies pressure, the narrative quickly becomes that America is overextended, losing leverage, or somehow empowering its enemies. That narrative has resurfaced during President Donald Trump’s confrontation with Tehran and Beijing. According to outlets such as The New York Times and The Washington Post, both Iran and China are supposedly emerging stronger from the current conflict. It is a difficult claim to square with reality.


Iran’s senior military leadership has been decimated. Its regional proxy network has been weakened. Its economy remains in severe distress, and its military capabilities have been heavily degraded. Yet much of the media coverage treats Iran’s mere survival as evidence that it is somehow winning. The New York Times recently argued that Iran had “succeeded in confounding U.S. and Israeli expectations for a speedy victory,” suggesting that Tehran had created a kind of stalemate. But modern wars rarely end with formal surrender ceremonies or total collapse. By the standards of contemporary warfare, weakening an enemy’s military leadership, degrading its economy, and limiting its regional influence would traditionally be viewed as significant strategic gains.

Instead, media coverage often defines victory so narrowly that any continued resistance by Iran becomes proof of American failure. The Times also suggested that Iran had “maintained control” over the Strait of Hormuz. But if Iran truly controlled the strait in any meaningful sense, it would be freely exporting its own oil and profiting from commercial traffic through the region. It is doing neither. Iran’s threats against shipping lanes reflect desperation and leverage-seeking behavior, not dominance.

In fact, instability in the Strait creates problems not only for the United States and its allies but also for China, which depends heavily on imported oil flowing through the Gulf. That reality complicates the simplistic narrative that Beijing somehow benefits automatically from chaos in the Middle East. To be sure, the Trump administration has exercised restraint in certain areas, particularly regarding direct attacks on Iranian energy infrastructure. But that restraint reflects strategic calculation, not weakness. Completely destroying Iran’s energy sector could devastate the Iranian population and eliminate the economic foundation for any future moderate government.

The same pattern appears in coverage of China. The Post recently highlighted a reported intelligence assessment claiming that Beijing is exploiting the Iran conflict to maximize its advantage over the United States. The report pointed to Chinese weapons sales, diplomatic messaging and China’s ability to study American military operations. None of that is surprising. Great powers routinely study conflicts and attempt to exploit geopolitical openings. That does not mean they are winning. China still faces the same structural problems it faced before the conflict began: slowing economic growth, demographic decline, mounting debt and heavy dependence on imported energy. Prolonged instability in the Middle East threatens Beijing’s economy as much as Washington’s.

The Post also emphasized concerns that the conflict is depleting American munitions stockpiles that could be needed in a future Taiwan contingency. That concern is legitimate. But it reflects years of inadequate defense production and military downsizing under previous administrations, not some strategic triumph by Beijing. Critics of American foreign policy often argue that China can portray the United States as an aggressive power in decline. But China’s own behavior makes that argument difficult to sustain. Beijing continues threatening Taiwan, tightening control over Hong Kong, expanding military influence across the Pacific, and pressuring neighboring countries throughout Asia.

The idea that China is positioned to win a global moral argument against the United States requires overlooking much of Beijing’s conduct. Ultimately, the broader media narrative reflects a longstanding tendency in parts of the American press to interpret nearly every assertion of U.S. power as evidence of American weakness. Military action becomes proof of overreach. Economic pressure becomes recklessness. Adversaries surviving become adversaries winning.

But survival is not victory, and disruption is not dominance. Whatever criticisms one may have of Trump’s foreign policy, the central premise of his approach remains straightforward: American strength deters adversaries more effectively than accommodation does… History suggests that argument deserves more serious consideration than much of the current media coverage is willing to give it.

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“No, no, not at all. Not sanctions relief, no..”

Trump Red Line: No Sanctions Relief Unless Iran Gives Up Uranium (ZH)

Trump Red Line
President Trump has reasserted his ‘red line’ for negotiations, centered on enriched uranium and the nuclear issue: President Donald Trump said on Wednesday that Iran would not get sanctions relief in exchange for giving up their highly enriched uranium. His comments come as the United States and Iran try to strike a deal to end the conflict that has engulfed the Middle East for the last three months.


“No, no, not at all. Not sanctions relief, no,” Trump told PBS News during a short phone call when asked if the current deal would mean that Iran would give up their highly enriched uranium in exchange for sanctions relief. Trump also in a televised Wednesday afternoon cabinet meeting said Iran is “intent on a deal” but that “Iran is negotiating on fumes.”

White House Rejects ‘Complete Fabrication’ Of Iran TV MOU Contents. The Trump administration has denied the morning Iranian state media reports on the contents of a current ‘Memorandum of Understanding’ (MOU) – which curiously had left out any reference whatsoever to the fate of Iran’s enriched uranium…

WHITE HOUSE: NOBODY SHOULD BELIEVE IRAN STATE MEDIA REPORTING

WHITE HOUSE CALLS REPORTED IRAN MOU A ‘COMPLETE FABRICATION’

An official underscored that it is a “complete fabrication” – and so it seems we are yet again back at square one, as Tehran has also said it is only engaged in ‘indirect’ contact with Washington at this point. There are further reports in US media that the Pentagon has drawn up a new target list, and has acknowledged that the Iranians have been able to better hide their missile launch sites. Also emerging are ambiguous reports of some kind of potential explosion incident at a petrochemical complex at Asaluyeh, in Iran’s Bushehr province. US side denounces Iranian state media reporting on current MOU draft and status:

Oil Dumps on MOU Headlines
As for the status of talks, the below headlines present the latest (and noticeably absent is the enriched uranium question, or release of Iranian funds). Bloomberg summarizes: “An unofficial draft of a US-Iran interim peace deal says maritime traffic through the Strait of Hormuz can return to normal within a month of the agreement being finalized, according to Iranian state television. It’s unclear how recent the draft, reported by IRIB News, is or whether the US has agreed to the terms.”

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“Iran thought they were going to outwait me, you know: “We’ll out wait him, he’s got the midterms.”

President Trump: Iran is Negotiating on Fumes (CTH)

Earlier today, President Trump and Vice President JD Vance held a cabinet meeting in the White House. The assembled press pool was invited to attend. Again, President Trump being the most transparent administration in history.


President Trump walked through many of the policy agendas within the various cabinet offices, and each cabinet head responded by discussing what their department was doing to combat waste and fraud and align for the strongest economic outcome. At 26:39 of the video, Secretary of State Marco Rubio walks through the current status of engagement with Iran, Venezuela and Cuba. At 45:00 of the video, Secretary of War Pete Hegseth discusses the ongoing military operation in the Middle East, against Iran. At 54:11 Secretary of Treasury Scott Bessent provides an update.

At 58:00 the media question session begins. WATCH:

“Iran thought they were going to outwait me, you know: “We’ll out wait him, he’s got the midterms.” I don’t care about the midterms, look what happened last night, that was the prelude to the midterms. They want very much to make a deal. So far, they haven’t gotten there. We’re not satisfied with it, but we will be — either that or we’ll have to just finish the job. The strait’s going to be open to everybody. It’s international waters. Nobody’s going to control it. We’re going to watch over it.”

“Iran is negotiating on fumes, but we’ll see what happens. We can make a good deal right now, but maybe not a great deal, and if it’s not a great deal, we’re not making it. Iran will receive no concessions or sanctions relief in exchange for handing over its highly enriched uranium. Iran cannot be allowed to possess a nuclear weapon because it will use it immediately and without hesitation.”

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“I believe Trump is going to have to call in the National Guard in certain states in order to get a fair election.”

Democrat Voter Fraud in America is Legion – Dr. Jerome Corsi (USAW)

Dr. Jerome Corsi has a Harvard PhD in political science. He has written more than 50 books, and many of them became best-sellers. Dr. Corsi says the Democrat election and voter fraud days are caving in on them. The last time Dr. Corsi was on USAW, he said “Democrat Voter Fraud in America is Legion.” Former CIA Director John Brennan must have heard Dr. Corsi because two weeks later, the headline reads, “John Brennan: “Legion Of Professionals” In DOJ, FBI, CIA Are Still Resisting Trump’s Influence.” Was this a coincidence Brennan used the term “Legion”? Dr. Corsi says, “No, I think he is responding to the fact the resistance to Trump is overwhelming. He is balancing out the legitimate charge that the cheating is ‘Legion.’ He’s saying a ‘Legion’ of people are opposing Trump. That’s the real ‘Legion,’ and it’s Trump that is awful, and he’s the one blocking democracy. It’s ridiculous.”


So, former CIA Director Brennan is basically saying voter fraud is real? Dr. Corsi says, “Yes, he’s admitting it, and then he’s countering it saying the real ‘Legion’ are people opposing Trump. So, he’s trying to change the subject by using the same words. It doesn’t work. John Brennann is arguing that it is legitimate to oppose the President of the United States and the bureaucracy. . .. Therefore, he is legitimating insurrection.”

Dr. Corsi says the Democrat Party has changed into a communist party, and there is really nothing democratic about it. Dr. Corsi explains, “The design of the (Democrat) party is to destroy America. That was the original communist plan. Now, the Democrat Party is open to supporting Marxists for office and Islamists, radical Islamists like Mamdani (NYC Mayor). You have this fusion of radical Islam and Leftism because they both hate the United States. They are going on the theory of the enemy of my enemy is my friend.”

Dr. Corsi goes on to say, “The Democrat Party has gone insane. They have no agenda, and all they want is power. It does not matter how they get it. They are increasingly becoming violent in the attempt to grasp power. That is becoming apparent to the American people. When the American people see that, the Democrat Party will have no reason for existing. It is rapidly proceeding to that point. . .. The Democrat Party has become rogue, anti-God, anti-family and an anti-life destruction engine. It’s become dangerous.”

Dr. Jerome Corsi points out the losses at the Supreme Court are making voter fraud more difficult with rulings that make it illegal to give extra days to count votes and forbidding redistricting on race alone. These are just a few of the ways Democrats are losing their voter fraud grip. There are also 130 lawsuits across 32 states to stop Dem voter fraud, and there are DOJ lawsuits to clean up voter rolls with 29 states that are blocking access. Dems are desperately trying to hold onto their voter fraud. Dr. Corsi says with the Senate refusing to pass the “Save Act,” President Trump will be forced to declare a national emergency, probably sooner than later. November midterms are a little more than five months away.

In closing, Dr. Corsi predicts, “President Trump is not going to allow the Democrats to steal the midterm elections and have two years more of impeachment after impeachment, which is what the Democrats have vowed to do. . .. I believe Trump is going to have to call in the National Guard in certain states in order to get a fair election.”

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From west to east.

The Islamic Terrorist Conquest of West Africa (Lawrence A. Franklin)

The widened scope and quickened pace of the Islamic State’s military operations in the Sahel region — just below North Africa, roughly from Senegal to Sudan — threatens to alter the strategic orientation of the African continent. Efforts at countering terrorist operations in the Sahel, such as they were, have evidently failed. As all roads to Mali’s capital of Bamoko are now blocked, that country might be the first state to “go under.” On April 25, during a coordinated attack on several Malian cities, Muslim terrorists killed the country’s Minister of Defense. The terrorists then drove the Malian Army and its allied Russian mercenaries out of the country’s north.


The military juntas ruling Mali, Burkina Faso and Niger have proven themselves as ineffective at combatting Islamic terrorist operations as the democracies that they overthrew. The increasing terrorist assaults across the Sahel and the jihadists’s determined efforts to take over Mali, Burkina Faso, and Niger have eroded the sovereignty of these states. The combat successes of the jihadists in the Sahel in March 2022 precipitated their elevation to the status of “Islamic State Sahel Province” within the hierarchy of the IS, and several other factors have facilitated the growth of the jihadist advance in the Sahel.

The cooling of the once global counterterrorist crusade — following an apparent shift in focus by the world’s great power rivalries, as well as fewer resources directed against the terrorist problem — left a vacuum that was adroitly filled by jihadist groups, which has reduced the pressure on Islamic State and Al Qaeda regional affiliates. Another situation that might have impacted negatively upon the Sahel’s overall security is the monumental migratory flow of Africans from sub-Saharan countries who pass through the Sahel to the Mediterranean, and the consequent stress this puts on the Sahel economies.

A third force eroding state sovereignty of Sahel countries is warfare waged by Al Qaeda terrorist affiliates that are rivals of the Islamic State, such as the Jama’at Nusrat al-Islam wal Muslimin (JNIM). JNIM also coordinates attacks with the Malian anti-government militia known as the Azawad Liberation Front. Jihadist violence has become ubiquitous in the Sahel, and recently expanded to include fighting between Islamic State and Al Qaeda. On April 2, a notable clash between these two rival terrorist networks occurred in western Niger. The Sahel now appears to be the epicenter of global terrorist violence. Sahel’s terrorist groups might also be acquiring confidence that they can achieve permanent and more ambitious goals in the near future.

slamic State units have also been exploiting the deteriorating security situation in the Sahel and in Nigeria’s northeastern states, which are already governed under Islamic sharia law. Islamic State probably feels buoyed by its easy success in recent battles with the Nigerian Army. On April 25, Al Qaeda terrorists conducted simultaneous attacks against several Malian urban areas. Their success might well tempt jihadist fighters to move into major urban areas in northern Nigeria and elsewhere in the Sahel. An additional worrisome trend indicates that terrorist violence is moving westward to Africa’s Atlantic coast.

State control increasingly is being eroded in the Sahel region, despite multilateral efforts to sustain the sovereignty of several states in the Sahel, such as the Multi-National Joint Task Force (MNJTF) consisting of Chad, Nigeria, Benin, Cameroon, and, until last year, Niger. The MNJTF had made significant strides in halting the advance of the Al Qaeda-affiliated Boko Haram terrorist group, particularly in Chad, but recently the overall scorecard is less conclusive. The MNJTF is sustained mostly by the continent-wide Organization of the African Union (OAU). While the MNJTF originally planned to field a 10,000-member OAU army, insufficient air cover, poor communications, and logistical problems have reduced the organization’s effectiveness.

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All this talk about democracy and transparency. Nothing is less transparent then the Vatican.

Pope Leo Needs Trump to Tame AI (Daniel McCarthy)

Pope Leo is right about the need to make artificial intelligence answer to the human good. AI has to be subject to human moral responsibility. But whose? The pope warns against power accumulating in private hands: A few companies, led by a handful of executives and board members, control AI development. The hard question Leo’s first encyclical, “Magnifica Humanitas,” tries to answer is how to make AI accountable to public authority and the common good, not just the interests of its creators. This is where Leo runs into trouble — his view of politics is one-sided and decades out of touch.The encyclical is written in the language of 20th-century liberalism, with the United Nations and international bodies playing an outsize role.


“International organizations, particularly the United Nations, are essential instruments for promoting a civilization of love,” he writes, in the context of “negotiating shared regulations on the use of digital technologies, in order to protect civilians and the most vulnerable from ‘invisible’ yet real forms of violence.” Leo compares AI to the Tower of Babel, yet that image applies at least as well to the U.N. Citing the teachings of Saint John Paul II and Pius XII, Leo affirms, “the Church values democracy insofar as it guarantees the effective participation of citizens, enables them to elect and peacefully replace their leaders and prevents power from being monopolized by small elite groups motivated by particular or ideological interests.”

By that measure, how democratic are most international organizations? “In a world where data, computational resources and regulatory influence remain in the hands of a few, to speak of the common good means exposing this new form of epistemic, economic and political asymmetry and naming the new monopolies of AI,” writes Leo. Hear hear! The pope is absolutely correct about the need for transparency — if we want ethical AI, we have to know whose ethics are being written into the system. Ordinary people have to know who in the major tech companies is responsible for teaching these machines, instilling rules in them, and what those rules are.

And the public has to exercise due skepticism about the supposedly objective results that AI inquiries generate — the results conform to someone’s chosen criteria and expectations. The machines may generate their own answers; they don’t do their own moral thinking: “So-called artificial intelligences do not undergo experiences, do not possess a body, do not feel joy or pain, do not mature through relationships and do not know from within what love, work, friendship or responsibility mean,” the pope writes. “Nor do they have a moral conscience, since they do not judge good and evil, grasp the ultimate meaning of situations, or bear responsibility for consequences.”

These things must all be supplied by human beings, and as the pope says, we shouldn’t trust tech companies to come up with the right guardrails on their own. The technology is so powerful, its uses have to be debated by a well-informed public, and Big Tech must be answerable to higher authority. Yet Leo often downplays the role of elected national governments in this, favoring nebulous “new collaborative efforts” among “political leaders, labor organizations, the business world and the scientific community.” That’s consistent with his confidence in the cacophonous United Nations, as well as his thinking about “how legislative and regulatory decisions impact the dignity of work, shared prosperity, inequality reduction and environmental protection” in the context of AI.

It’s one smorgasbord after another — a welter of competing interests and agendas that can’t be brought into focus in time while AI races ahead. Leo appreciates the speed at which the technology is moving, but not the need for commensurate “dispatch” on the part of the political response. A policymaker has to be able to act quickly to keep up with AI and has to have one will and voice — in short, what’s needed is a strong executive backed by the popular authority of a national election. The age of AI has serious implications for the institutions of government, and it makes the presidency more important than ever. It’s not the United Nations or an amorphous assortment of interest groups Leo needs to appeal to; it’s President Trump.

“Magnifica Humanitas” doesn’t do that. The pope would not, and should not, trim Catholic Social Teaching down to suit Trump; on economics, war and much else, there are sharp differences. Yet Leo’s encyclical goes beyond the necessary points of disagreement to embrace a broadly liberal and internationalist agenda — even including global warming on his ideological checklist. If commonsense AI regulation is going to succeed, not only does it need Trump’s support, it has to have his voters’ backing, too. Leo needs to learn to speak their language, if he wants to stop AI running away with our lives.

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Will we risk the entire global financial system?

Russian Court Orders Euroclear To Pay €200 Billion (RT)

A Moscow arbitration court has granted the Bank of Russia’s request for the immediate enforcement of a ruling ordering Euroclear to pay around €200 billion ($233 billion), RBK reported on Tuesday, citing lawyers for the Belgian clearing house. Ukraine’s Western backers froze about $300 billion in Russian sovereign assets after the escalation of the conflict between Moscow and Kiev in 2022, most of it held at the Brussels-based depository. While the EU has so far stopped short of seizing the assets outright, Brussels has transferred some €6.6 billion in profits generated from frozen Russian central bank assets to a fund for Ukraine since 2024.


Moscow has said any use of its frozen assets would amount to theft, also warning it could retaliate by seizing about €200 billion in Western assets held in Russia, though it has so far stopped short of doing so. Commenting on the latest ruling, lawyers for Euroclear, Sergey Savelyev and Maksim Kulkov, claimed to RBK that its right to a fair trial had been violated but declined further comment due to the closed nature of the proceedings. The Bank of Russia described the ruling as fair, noting that it takes into account not only the ongoing nature of the violation, but also the risk that any delay in enforcement would prolong the restoration of the violated rights.

The initial ruling ordering Euroclear to pay €200 billion was issued by the arbitration court last week. Commenting at the time, Euroclear called it unfounded, adding that such claims are not recognized under EU law. It also pledged to appeal the verdict. Shortly after filing a lawsuit against Euroclear in December, the Bank of Russia said it could expand its legal action over frozen assets beyond the Belgian-based depository to include other European banks that also hold its funds.

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Putin will have to flatten Kiev after all.

Ukraine War Enters ‘A New Phase’ (Stephen Green)

“Russia is considering limiting exports of diesel and jet fuel,” Bloomberg and other sources reported Tuesday, “as refinery run rates fall to multi-year lows amid Ukraine’s escalating attacks.” An Interfax source claimed that the decision to ban exports is at “an advanced stage,” but no date has been set. If it comes to pass, that would be bad for diesel prices and inflation right here at home, but worse for Moscow’s finances. Just the fact that the Kremlin is considering an export ban is more evidence that Kyiv’s drone campaign is increasingly effective — against Russia’s energy production at home, and closer to the frontlines in Ukraine.


The brutal math is that most months this year, Ukraine managed to kill or wound more Russian soldiers than Moscow was able to recruit. After nearly four-and-a-half years of remorseless attritional warfare, that’s not a good place to be. And it wasn’t supposed to happen this way. ISW’s George Barros said on Monday, “The war in Ukraine has entered a new phase.” Well, maybe take a statement like that one with several grains of salt. While ISW’s reporting is rock solid — everything they post in their daily Russo-Ukraine War updates is open-source and verifiable — the organization’s analysis can be somewhat (ahem) less reliable.

Estimates vary, but ISW believes that Russian forces suffered a net loss of territory in April, while others claim it happened in April and in February. There are still a few days of fighting to go in May, but Russia is believed to maybe have lost a little ground again this month.nThrough the end of April, Russian advances in 2026 average about 2.9 km2, per day, down sharply from 9.76 km2 per day in early 2025. Russian casualties are much higher, too.

Two things seem to have changed. One is that Ukraine finally has enough mid-range drones to do to Russian forces what Russian forces spent 2025 doing to Ukraine: interdicting soldiers and logistics well behind the front lines “by fielding new technologies such as the US-made Hornet strike UAV, among other systems,” as Barros put it. The other is that Ukraine is now systematically going after Russian fuel trucks, further complicating Moscow’s logistical problems.

Trent wonders if the losses are “enough to cause fuel shortages, fuel rationing & the shutdown of civilian motor traffic between Crimea and Russia?” Regardless, Kyiv spent 2025 giving up ground, yes, but also destroying Russian air defenses faster than Russian industry can replace them. The bloody results speak for themselves on the ground, and in Moscow’s concerns over fuel exports. With no end in sight to this stupid war, there’s no doubt in my mind that Barros is correct when he says that “Ukraine’s advantage in intermediate range strikes is notably not permanent,” and that “Russia will very likely eventually develop countermeasures to mitigate Ukraine’s advantages.”

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“..200 billion in fraudulent PPP loans that the Biden administration tried to hide, and forgive, and sweep under the rug,”

Small Business Administration: $200 Billion In Fradulent Pandemic Loans (JTN)

Small Business Administration head Kelly Loeffler said that the agency found $200 billion in fraudulent Paycheck Protection Program loans, which were intended to allow businesses to pay staff during the pandemic. “At the SBA, we found $200 billion in fraudulent PPP loans that the Biden administration tried to hide, and forgive, and sweep under the rug,” Loeffler said during President Donald Trump’s Cabinet meeting at Camp David on Wednesday.


She said that $22 billion in those fraudulent loans have been turned over to the U.S. Treasury and Department of Justice for collections and prosecution, and people who have been convicted of fraud are serving prison sentences. Small Business Administration head Kelly Loeffler said that the agency found $200 billion in fraudulent Paycheck Protection Program loans, which were intended to allow businesses to pay staff during the pandemic.

“At the SBA, we found $200 billion in fraudulent PPP loans that the Biden administration tried to hide, and forgive, and sweep under the rug,” Loeffler said during President Donald Trump’s Cabinet meeting at Camp David on Wednesday. She said that $22 billion in those fraudulent loans have been turned over to the U.S. Treasury and Department of Justice for collections and prosecution, and people who have been convicted of fraud are serving prison sentences.

Loeffler said that, because small businesses are some of the biggest taxpayers in the U.S., they bear a lot of the impact from fraud. “They show up every day. They work hard to provide for their employees, to build their businesses. They’re doing it the honest way. And they see fraudsters taking from the American people. It’s taxpayer money,” she said. The PPP provided government-backed loans to help small businesses keep their workforces employed during the pandemic. The program stopped accepting new applications on May 31, 2021.

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Quo Vadis, Ottawa?

Two Countries in the World Retaliated Against Us, China and Canada (CTH)

I never quite understood just how controlled the information flow is inside Canada until about two years ago when we began closely monitoring Canadian positioning for the upcoming USMCA (CUSMA) renegotiation/cancellation. It quickly became obvious the majority of Canadians have no idea why it is almost a certainty the U.S. would exit the trilateral arrangement and position for a bilateral free trade agreement.


In the two years that have passed, now we see a few Canadians starting to realize the core issues of trade conflict that make any FTA between the U.S. and Canada almost impossible. The largest issue centers around Canada’s net-zero carbon legislation that now completely disconnects them from aligned North American energy policy between the U.S. and Mexico.

A trilateral agreement requires core alignment on industrial manufacturing, and that requires similar abilities & similar energy policy. You cannot make steel, iron and aluminum without coal and gas. You need joules for heavy industrial manufacturing that cannot be achieved without exploiting coal, gas or oil (carbon materials). Canada’s energy policy no longer aligns with industrial manufacturing. This core issue cannot be resolved at the current level of energy policy in Canada.

There are other issues like Canadian trade deals with China, non-tariff barriers, legislated rules over intellectual property and other points of significant friction that make alignment within North America challenging. However, the energy component makes compatible trade impossible.

In the interview below, U.S. Ambassador to Canada Pete Hoekstra appears on a podcast with David Leis, for a blunt conversation about trade, pipelines, critical minerals, China, and why the U.S. is growing frustrated with Canada’s direction. At the end Hoekstra even explains why he is doing Canadian podcasts; because information within Canada is restricted by the government control of media – and that explains why most Canadians are clueless about the issues.

I’ve prompted the interview to the point that gets into the details. If you are interested to be fully understanding of what is coming, this is a solid reference point. Also, if you have financial investments associated with Canada or any system that is connected to the economic relationship between the U.S. and Canada, you need to watch this interview to proactively defend your financial interests. VIDEO PROMPTED:

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Watch it or listen to this roughly 30 minutes (prompted) as you cook, drive or go about your day. But listen to it and see the disconnect between Canada and the USA as outlined. Things are going to get much worse in this relationship as the finality of it all suddenly starts to sink in north of the border with the average Canadian.

Additionally, there’s another short segment on U.S-Canadian trade as discussed by U.S. Trade Representative Jamieson Greer recently at a Council on Foreign Relations event.

QUESTION: “How serious is the fissures? Are the fissures with Canada, the rupture with Canada? And can you envisage USMCA being transformed into separate agreement with Mexico, separate agreement with Canada, or no agreement with Canada?”

USTR GREER: “Well, I would say that, you know, the team right now is in Mexico. My team, and they’re negotiating with Mexico on a bilateral basis. I speak with some regularity to my Canadian counterparts.

Our sense is that we have with Canada, you know, some some trade challenges, which, you know, to some people, you know, some people may think, oh, those are just irritants to us. They’re, they’re significant, and the reality is, we’ve spent the past year and a half going to countries, telling them we have to have some level of tariff on the globe to deal with this giant death that we’re dealing with, to try to reshore, etc.

And, and most countries have, you know, I know grudgingly, but they said we understand your policy, we understand so we’re going to negotiate with you, we’re going to remove some of these tariffs and non tariff barriers, etc. Canada’s approach has been different.

They like China retaliated against the United States. Two countries in the world retaliated against us, People’s Republic of China and Canada, so they’re just, they’re just in a different spot, and it’s, it’s hard to see necessarily where that ends.”

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“$40 Million in Gold Bars, $2 Million Cash and 35 Rolexes”

Home of 20-Year CIA Senior Manager Raided: $40 Million in Gold Bars (CTH)

An interesting arrest that might warrant some background material prior to today’s events. Keep in mind there are several indicted individuals from Venezuela and Mexico now said to be cooperating with the DOJ and federal law enforcement. In addition to former Venezuela dictator Nicolas Maduro in the Southern District of New York, we should also note three Mexican officials connected to the Sinaloa cartel previously turned themselves in to U.S. federal officials and are said to be cooperating.


Earlier this month, Gerardo Mérida, a retired Mexican army general who served as public-security secretary in northwestern Sinaloa state surrendered in Tucson, Arizona. Enrique Inzunza Cazárez, who is also facing drug trafficking and weapon charges, was taken into custody in San Diego by the DEA. Sinaloa businessman Enrique Diaz Vega – another name from the SDNY indictment – also turned himself into U.S. authorities in Arizona.

As you read this story, also keep in mind the Defense Counterintelligence and Security Agency, falls under the authority of the Office of the Director of National Intelligence, Tulsi Gabbard, and that agency oversees a background check program, known as “continuous vetting.” According to NBC News a 20-year veteran manger within the CIA named David Rush has been arrested on suspicion of embezzlement and theft. The CIA operative was reported to have been referred to the FBI by CIA Director John Ratcliffe.

(VIA NBC) WASHINGTON — A former CIA senior officer with top secret-level clearance has been accused of secretly stashing millions of dollars in gold bars in his home that he said he needed for “work-related expenses,” according to court documents and two people familiar with his employment history.

David Rush, who held a management position, was charged with criminal theft of public money in a complaint filed last week in the Eastern District of Virginia. His lawyer didn’t respond to a request for comment. He was also accused of lying to his employers about his background for nearly two decades. Asked about Rush’s case, a CIA spokesperson said in a statement joint statement with the FBI that the FBI had arrested a person after a referral from the agency.

“After a CIA internal investigation identified potential violations of the law, CIA Director John Ratcliffe referred the information to the FBI for a law enforcement investigation,” the written statement said. “The FBI is working closely with our partners at the CIA and the Department of Justice as we continue to investigate this matter fully. We are committed to following the facts, ensuring accountability, and pursuing justice in accordance with the law.”

[…] It wasn’t clear how the investigation into Rush began, and it also wasn’t clear when he left the CIA. His home was raided just last week.

From November through March, Rush made several requests for funds, including for foreign currency and tens of millions of dollars in gold bars, according to an affidavit filed in federal court by an FBI agent investigating the case. In a storage space near his office, investigators found only a portion of the funds. On May 18, federal agents searched Rush’s home and seized roughly 300 gold bars worth more than $40 million, court documents said. Agents also seized about $2 million in U.S. currency and 35 luxury watches, mostly Rolexes, according to the affidavit.

The affidavit alleges Rush knowingly took part of the money he requested for work-related expenses to his home for personal gain. The court filing didn’t specify which agency employed Rush, but the two people familiar with his employment history said he was with the CIA. (link) Separate allegations in the complaint accuse Rush of falsifying his background over nearly two decades in dealings with government employers.

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She’s not gone yet.

President Trump Praises DNI Tulsi Gabbard for Her Incredible Work (CTH)

During a cabinet meeting today at the White House, President Trump took the opportunity to thank Director of National Intelligence, Tulsi Gabbard, for her exceptional work and focus within the intelligence system to organize strong reforms that will be around for a long time. DNI Tulsi Gabbard has indeed been a transformative member of the cabinet, working through her office and agency while partnered with CIA Director John Ratcliffe and National Security Advisor Marco Rubio. Mrs. Gabbard is leaving on June 30 to stand beside her husband Abraham as he battles a bone cancer diagnosis. WATCH:


It is expected that DNI Gabbard will deliver more information to the American public through a series of declassifications prior to the end of her tenure. There is no immediate discussion of her replacement and Principal Deputy Director of National Intelligence, Aaron Lukas, will serve as Acting Director of National Intelligence following her departure.

REMINDER: There will likely be a great deal of rumor and speculation about a different permanent replacement. One name sure to surface within the discussion is Devin Nunes, but I strongly doubt the former Chairman of the HPSCI would desire or accept the position.If, and that is a very big ‘if’, Devin Nunes was to accept the role, that would indicate a remarkable change in his opinion about the overall intelligence apparatus. Therefore, I doubt this is an option. Devin Nunes believes in the historic fidelity of the intelligence institutions. As a result, the DNI position has seemed smaller and less significant.

The only way Nunes would take the job is if two things changed. First, he now believed the construct of the United States intelligence apparatus is teetering on the edge of irreversible corruption (he did not previously hold this position); and second, if he sees that Tulsi has now proven the power of the DNI in the intelligence apparatus. As readers here will fully understand, until DNI Gabbard that power was never fully extended. Former House Permanent Select Committee on Intelligence (HPSCI) member Elise Stefanik will likely be another name. She would have the full support of the Susie Wiles grouping. The same network who advocated for Mike Waltz to be National Security Advisor.

However, Stefanik would greatly please Laura Loomer, Mark Levin and Ben Shapiro; while conversely providing fuel for Tucker Carlson and Megyn Kelly antagonisms. Former National Security Advisor Michael Flynn would likely be another name. Unfortunately, Flynn’s judgement is not stellar, and while he has been supportive of Mrs. Gabbard it’s not likely President Trump wants that kind of Flynn drama or the issues he brings with him for a nomination. That said, if the political calculation is to fuel the core base, Flynn might stand a chance at nomination. But don’t overthink it, Flynn would be of no value in the DNI position for anything of substance. Again, weak judgement (led to his former demise) and grifting tendencies.

Two other names of note: Scott Perry from Pennsylvania who was a target of the FBI/IC for his support of President Trump, and Rick Crawford the current Chairman of the House Permanent Select Committee on Intelligence, a gang of eight member. The IC has nothing to fear from either of these names. They are essentially Mike Waltz clones, though to be fair I might be a little harsh on Perry.

Rick Crawford, as HPSCI Chairman, allowed Tulsi Gabbard to review the Atkinson transcript. Still, he didn’t act until Gabbard asked to see it and later pushed to declassify it. While he had the authority to handle it himself, like many congressional IC members in both the House and Senate, he seemed wary of challenging the very system they’re tasked with overseeing. [TIP: If whoever’s name it is currently falls under the IC oversight mechanism, they probably fear the “seven ways from Sunday” group, unlike Tulsi Gabbard. Accept this reality and adjust your perspective accordingly.]

GOPe types and “CONservative” influencers might also bring up Trey Gowdy or former HPSCI Chairman Mike Rogers. If either of these names show up, there’s a problem. And anyone advancing these names…. well, they’re the problem. One name that would seem to fit the role and responsibilities would be former Congressman Dan Bishop, currently serving as a U.S. Attorney in North Carolina. Bishop was a member of the House Subcommittee on Govt Weaponization that frustratingly went nowhere as it was designed to fail by House Judiciary Chairman Jim Jordan. Bishop himself was frustrated by the lack of assertiveness within the sub-committee structure. There’s no immediate need for any speculative guesswork. ADNI Aaron Lukas will likely do a solid job.

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Apr 302018
 
 April 30, 2018  Posted by at 9:12 am Finance Tagged with: , , , , , , , , , , ,  5 Responses »


Jack Delano Chicago, Illinois 1942

 

Ministers Rally Round Theresa May After Amber Rudd Resigns (G.)
UK Home Office Charter Secret Removal Flight To Jamaica With Grandmothers (TLE)
Amber Rudd: Felled By Claims, Counterclaims, Leaks And Denials (G.)
Theresa May Has Lost Her Human Shield (G.)
Why the Left Should Embrace Brexit (Jacobin)
Tesla Doesn’t Burn Fuel, It Burns Cash (BBG)
JPMorgan, National Bank Of Canada, Others Test Debt Issuance On Blockchain (R.)
A T-Mobile-Sprint Merger Could Be ‘Devastating’ For Consumers (MW)
Marathon To Purchase Rival Refiner Andeavor For More Than $20 Billion (WSJ)
Facebook’s Censorship in Germany (Frank)
Greece Reinforces Land Border With Turkey To Stem Flow Of Migrants (G.)
Australia’s Ancient Language Shaped By Sharks (BBC)

 

 

What does it say about our times, our Zeitgeist even, when a new record for global revenue is set by a movie named Infinity War?

Doublespeak in action. Rudd left because she lied, but is now lauded for being honorable, acting on principle.

Ministers Rally Round Theresa May After Amber Rudd Resigns (G.)

Ministers have moved swiftly to try to protect Theresa May after the resignation of Amber Rudd, insisting the home secretary only stood down because she inadvertently misled MPs, not because of the wider Windrush migration scandal. With the prime minister set to announce a replacement for Rudd later on Monday, amid another forced cabinet reshuffle, the transport secretary, Chris Grayling, rejected the idea that May was facing pressure over her own position. “This is about sorting out a problem,” he told Sky News. “The prime minister has apologised to these people, and we’re going to get on with the job of fixing it.”

[..] Rudd was facing a bruising appearance in the House of Commons on Monday, having to explain again why she told the home affairs select committee last week that she did not know of any deportation targets. Grayling said Rudd had spoken “in good faith” and had stepped down because “she had inadvertently misled parliament, that she should have known a bit more about the issue of targets”. He added: “It doesn’t often happen in politics, and people criticise when it doesn’t happen. What we’ve got here is a former home secretary who acted on principle.”

Grayling insisted her departure had nothing to do with the wider issue of members of the Windrush generation of arrivals from the Caribbean being wrongly targeted by immigration authorities, or with the hostile environment immigration policy initiated by May when she was home secretary. “The Windrush issue is something we all regret,” he said. “It’s a mistake, the government’s apologised, the prime minister has apologised, the former home secretary apologised for it. That isn’t the issue that led to her resignation. The issue is about her inadvertently misleading the house in good faith.”

The shadow home secretary, Diane Abbott, disputed this, and said May also should come to the Commons to explain herself to MPs. “Fundamentally, the reason she had to resign was because of the Windrush fiasco,” Abbott told BBC Radio 4’s Today programme. “Somebody had to take responsibility. It happened on her watch, therefore I think it’s right she has resigned.” On May addressing MPs, Abbott said: “In the first instance we’d like to know if she herself knew about the targets and would therefore be in a position to say whether Amber Rudd misled the house. “More fundamentally, we want to talk to her about the aspects of the so-called hostile environment, which she was responsible for, and led to the Windrush fiasco.”

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This is what this is about: indefinite detention for elderly ladies, taken from their families while awaiting deportation, in really bad conditions. It’s criminal.

UK Home Office Charter Secret Removal Flight To Jamaica With Grandmothers (TLE)

After a week of repeated apologies to the victims of the Windrush scandal and assurances by Prime Minister Theresa May and Home Secretary Amber Rudd that they would not be facing any more deportations, we have discovered evidence of a special chartered removal flight to Jamaica next week. We know of at least three grandmothers with British families who were due to be removed on the secretive flight. One, Yvonne Williams, a 59-year old grandmother of seven, whose mother arrived from Jamaica in 1962, had been detained in the scandal-ridden Yarl’s Wood detention centre for OVER EIGHT MONTHS since last August. She had been given removal directions by the Home Office for next week’s flight despite all her family being based in Britain and having none in Jamaica.

Thankfully, on Friday, the Home Office told Yvonne after she had been incarcerated for months away from her elderly mother, 82, and from the grandchildren that she had been caring for, that she would not be removed on the flight and that she could finally be released from detention. [..] Another grandmother incarcerated at Yarl’s Wood detention centre has not been as fortunate. Yvonne Smith, 63, remembers waving to the Queen when she visited Jamaica. She was born a citizen of the UK and Colonies eight years before Jamaican independence. Yvonne’s father and mother came to the UK in the 1950’s. Yvonne stayed behind with her grandmother joining her British siblings and father in Birmingham after her mother and grandmother passed away.

Her brother, sisters, nephews, nieces, children, grandchildren are all British and she has no family left in Jamaica. Yvonne has been making attempts to regularise her stay since 2010 as the main carer for her 92 year old father. The Home Office insists that she has not got enough significant family ties and has incarcerated Yvonne since last August. She says it breaks her heart talking to her father on the phone: “He starts crying, he doesn’t want the NHS to look after him, he wants me, it’s too hard to hear him cry.” Being detained for over eight months has also taken its toll on Yvonne’s health. She has been diagnosed with Diabetes since being locked up, complains of pain and her eyes fading.

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No, by lies. Her own.

Amber Rudd: Felled By Claims, Counterclaims, Leaks And Denials (G.)

When Amber Rudd agreed to appear in front of political journalists at a Westminster lunch last week, it was an opportunity to demonstrate her leadership credentials. But by the time the event actually came around the fallout from the Guardian’s reporting on the Windrush scandal was in full flow and she was, as she put it, “just thinking about staying in the game”. She had already had a hellish week involving several appearances at the dispatch box, a brutal session at the hands of the home affairs select committee and what felt like countless apologies.

But while much of the anger directed at the home secretary over the preceding days had been a result of the mishandling of the Windrush generation of migrants, it was her confusion over the rather more arcane matter of targets for deporting illegal immigrants that eventually brought her down. The key moment in Rudd’s dramatic fall from grace was when she was summoned to explain herself – and her department – in front of the committee last Wednesday. Almost as an afterthought, committee chair Yvette Cooper asked about earlier evidence from the immigration officers’ union about targets for the number of people who should be deported from the UK. “We don’t have targets for removals,” Rudd replied, kicking off the series of claims and counterclaims, leaks and denials, that eventually led to her departure.

The next day it emerged that immigration officials in her own department had been given targets after all. She was summoned to the Commons to clarify. “I was not aware of them,” she insisted. By Friday, her claims were unravelling after a secret internal Home Office document boasting of the targets in 2017 was leaked to the Guardian. Damningly, Rudd had been copied in. More than eight hours after the Guardian approached the Home Office with details of the memo – as speculation swirled around Westminster about her future – she finally responded in a series of defiant late-night tweets. The home secretary insisted she had not seen the leaked memo, even though it had been sent to her office and that she wasn’t aware of the specific removal targets. “But I accept that I should have been and I’m sorry that I wasn’t.”

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The longer May stays on, the more of a joke she becomes. And her office too, which is much worse.

Theresa May Has Lost Her Human Shield (G.)

Beleaguered, embattled, hapless – as the Windrush scandal worsened over recent days, these doom-laden adjectives had begun attaching themselves irresistibly to Amber Rudd’s name. To the last, she and her allies continued to insist that she didn’t know about deportation targets – they maintain the government’s “ambition” for boosting the number of people sent home is not a “target”. But crucially in her resignation letter, Rudd admitted “information provided to my office”did “make mention of numerical targets”. She didn’t see that information, shesaid – but admitted she should have done.

[..] The second reason Rudd remained in post was that with fresh Windrush injustices still emerging almost daily, she was a lightning rod for public anger, more of which may now be directed at the prime minister. Rudd loyally made repeated public apologies without allowing the blame to fall on the prime minister and the tone and policies that May set in her six years at the Home Office. Rudd had been deemed a potential leadership rival. Allowing her to continue to take incoming fire, particularly as it undermined her reputation for brisk, well-briefed competence, must have been highly tempting. On Sunday night, May was left to turn her thoughts to who should replace her.

She may feel obliged to appoint another remainer, to avoid upsetting the delicate balance at the top table. But in the key arguments inside Cabinet, a newbie may lack the power base to be influential for some time – and Britain’s Brexit negotiating position is being fought over right now.

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Thomas Fazi and Bill Mitchell.

Why the Left Should Embrace Brexit (Jacobin)

Nothing better reflects the muddled thinking of the mainstream European left than its stance on Brexit. Each week seems to produce a new chapter for the Brexit scare story: withdrawing from the EU will be an economic disaster for the UK; tens of thousands of jobs will be lost; human rights will be eviscerated; the principles of fair trials, free speech, and decent labor standards will all be compromised. In short, Brexit will transform Britain into a dystopia, a failed state — or worse, an international pariah — cut off from the civilized world. Against this backdrop it’s easy to see why Labour Party leader Jeremy Corbyn is often criticized for his unwillingness to adopt a pro-Remain agenda.

[..] In the months leading up to the referendum, the world was flooded with warnings — from the IMF, the OECD, and other bastions of contemporary economics — claiming that a Leave vote in the referendum would have immediate apocalyptic consequences for the UK, causing a financial meltdown and plunging the country into a deep recession. The most embarrassing forecast on “the immediate economic impact of a vote to leave the EU on the UK” was published by the Tory government. The aim of the “study” in question, released in May 2016 by the UK Treasury, was to quantify “the impact … over the immediate period of two years following a vote to leave.”

Within two years of a Leave vote, the Treasury predicted that GDP would be between 3.6 and 6 percent lower and the number of people unemployed would rise by as much as 820,000. The predictions in the May 2016 “study” sounded dire, and were clearly aimed at having the maximum impact on the vote, which would be held a month later. Just weeks before the referendum, the then-chancellor George Osborne cited the report to warn that “a vote to leave would represent an immediate and profound shock to our economy” and that “the shock would push our economy into recession and lead to an increase in unemployment of around 500,000.”

Nonetheless, the majority of voters opted for Brexit. In doing so, they proved economists wrong once again, since none of the catastrophic scenarios predicted in the run-up to the referendum have occurred. As Larry Elliott, Guardian economics editor, wrote: “Brexit Armageddon was a terrifying vision — but it simply hasn’t happened.” With almost two years having passed since the referendum, the economic data coming out of the UK makes a mockery of those doom-laden warnings — and of the aforementioned government report in particular. Data from the Office for National Statistics (ONS), shows that by the end of 2017, British GDP was already higher by 3.2 percent relative to its level at the time of the Brexit vote — a far cry from the deep recession we were told to expect.

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How much longer?

Tesla Doesn’t Burn Fuel, It Burns Cash (BBG)

The company that Elon Musk built to usher in the electric-car future might not have enough cash to make it through the calendar year. The anxieties that lurk beneath the tremendous ambition of Tesla Inc. moved into the forefront in recent weeks. The company again fell far short of its own production targets for the mass-market Model 3 sedan, another person died in a crash involving its assisted-driving feature and Musk entered into a public dispute with federal safety regulators. Tesla’s once high-flying stock, buffeted by a downgrade from credit analysts, has dropped 24 percent from its peak in September.

There’s a good reason to worry: No one has raised or spent money the way Elon Musk has. Nor has any other chief executive officer of a public company made a bankruptcy joke on Twitter at a time when so much seemed to be unraveling. Tesla is going through money so fast that, without additional financing, there is now a genuine risk that the 15-year-old company could run out of cash in 2018. The company burns through more than $6,500 every minute, according to data compiled by Bloomberg. Free cash flow—the amount of cash a company generates after accounting for capital expenditures—has been negative for five consecutive quarters. That will be a key figure to watch when Tesla reports earnings May 2.

Tesla makes three cars—the Model S and Model 3 sedans and the Model X SUV—at its only auto assembly plant, located in Fremont, California. There are aggressive plans to add an electric semi truck, a new roadster sports car and crossover to the production lineup in the next few years. While Musk’s vision for the future once called for extreme automation, the present day is all about manpower. Back in 2010, Tesla had just 899 employees. Today, the company has nearly 40,000 workers. The ongoing hiring binge is probably contributing to Tesla’s financial straits. Tesla has added employees faster than it has boosted revenue in three of the last four years. This includes more than doubling the workforce in 2017, when the company was scaling up for Model 3 production and took on employees from SolarCity.

[..] Tesla ended 2017 with $3.4 billion in cash on hand and $9.4 billion in outstanding debt, a testament to Musk’s borrowing prowess. Many analysts believe that Tesla will need to raise money again—and soon. Bruce Clark of Moody’s Investors Service recently warned that Tesla will need an additional $2 billion this year, and he noted that $1.2 billion of existing debt will come due by 2019. Short sellers remain convinced that Tesla is on the verge of an epic meltdown. Famed investor Jim Chanos of Kynikos Associates has predicted the company is headed for a “brick wall.”

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They want a piece of the action.

JPMorgan, National Bank Of Canada, Others Test Debt Issuance On Blockchain (R.)

JPMorgan Chase has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other processes. The test on Wednesday mirrored the Canadian bank’s $150 million offering on the same day of a one-year floating-rate Yankee certificate of deposit, they said in a statement. The platform was built over more than a year using Quorum, a type of open-source blockchain that JPMorgan has developed inhouse and is in discussions to spin off. Participants in the experiment included Goldman Sachs Asset Management, the fund management arm of Goldman Sachs, Pfizer and Legg Mason’s Western Asset and other investors in the certificate of deposit.

Banks have poured millions of dollars to develop blockchain, the software first created to run cryptocurrency bitcoin, to streamline processes ranging from cross-border payments to securities settlement. “Blockchain-related technologies have the potential to bring about major change in the financial services industry,” David Furlong, senior vice president of artificial intelligence, venture capital and blockchain at National Bank of Canada, said in a statement.

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A $26 billion deal, but it results in “a telecom giant with a $146 billion enterprise value which will serve some 127 million customers.”

A T-Mobile-Sprint Merger Could Be ‘Devastating’ For Consumers (MW)

A merger between Sprint and T-Mobile US has been officially announced—and for consumers that is certainly something to phone home about. The two companies agreed to an all-stock merger on Sunday that, if allowed by antitrust enforcers, would leave the U.S. wireless market dominated by three national players, and comes after the telecommunication companies renewed M&A discussions earlier in April after thrice failing to complete a tie-up. Speculation had previously mounted about a potential merger in September, months after Bloomberg originally reported “informal contact” between the two companies last May. But Japanese telecommunications firm SoftBank, which owns more than 80% of Sprint’s shares, announced back in October that it would cease its efforts to merge the wireless carrier with T-Mobile.

Before all that, discussions were on hold due to the government’s spectrum auction (where the government sells the rights for companies to transmit signals over certain bands of the electromagnetic spectrum). The combined company, if the proposed $26 billion dollar deal is consummated, would have more than 127 million customers. Consequently, a combined T-Mobile-Sprint likely could usher in industrywide changes that would affect consumers of various carriers across the country, telecom analysts said. “It would be devastating for consumers in the long run,” said Chris Mills, news editor at BGR, a news website focused on mobile technology and consumer electronics.

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It’s big merger time. While debt is still cheap.

Marathon To Purchase Rival Refiner Andeavor For More Than $20 Billion (WSJ)

Marathon Petroleum plans to buy logistics and refining company Andeavor for more than $20 billion, according to people familiar with the matter. The cash-and stock deal, which values Andeavor at about $150 a share, is expected to be announced Monday. That would be a roughly 23% premium over Andeavor’s closing price Friday after the stock surged about 50% in the past year. Marathon, based in Findlay, Ohio, is the second-largest refiner in the U.S., according to its website. Marathon-branded gasoline is sold in 20 states, and its Speedway unit owns the nation’s second-largest convenience-store chain.

It also owns a midstream master limited partnership with about 11,000 miles of crude oil and light-product pipelines. Andeavor, based in San Antonio, operates 10 refineries in the western U.S. with total capacity of more than 1.2 million barrels a day. Part of the rationale of the deal centers on the companies’ complementary footprints; with Marathon in the East and Andeavor in the West, regulatory approval could be easier to win.

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That should indeed be the question: who are these companies to censor us? Under what law is that possible?

Facebook’s Censorship in Germany (Frank)

A court in Berlin has issued a temporary restraining order against Facebook. Under the threat of a fine of 250,000 euros (roughly $300,000 USD) or a jail term, Facebook was obliged to restore a user’s comment that it had deleted. Moreover, the ruling prohibited the company from banning the user because of this comment. This is the first time a German court has dealt with the consequences of Germany’s internet censorship law, which came into effect on October 1, 2017. The law stipulates that social media companies have to delete or block “apparent” criminal offenses, such as libel, slander, defamation or incitement, within 24 hours of receipt of a user complaint.

As many critics pointed out, this state censorship makes freedom of speech subject to the arbitrary decisions of corporate entities that are likely to censor more than absolutely necessary, rather than risk a crushing fine of up to 50 million euros ($65 million USD). According to a newspaper report, Facebook’s censors have just ten seconds to decide whether to delete a comment or not. The case with which the court in Berlin had to deal was that on January 8, 2018, the Swiss daily Basler Zeitung posted an article with the title “Viktor Orban speaks of Muslim ‘invasion'” on its Facebook site. The blurb read: “Viktor Orban wonders how in a country like Germany… chaos, anarchy and illegal crossing of borders can be celebrated as something good.”

Facebook user Gabor B. posted a comment: “Germans are becoming increasingly stupid. No wonder, since the left-wing media litters them every day with fake news about ‘skilled workers,’ declining unemployment figures or Trump.” This comment quickly received the most “likes”, until Facebook deleted it, due to an alleged infringement of Facebook’s “community standards.” In addition, Gabor B. was banned from Facebook for 30 days. “One may share the commenter’s opinion or may deem it polemic or unobjective”, Gabor B.’s attorney Joachim Nikolaus Steinhöfel told Gatestone. “The important thing is: The comment is covered by the right to freedom of speech.”

He added that before going to court, his law office had sent a written warning to Facebook. “Facebook partly gave in and lifted the ban but did not restore the comment. Facebook’s lawyers notified us that ‘a thorough reexamination came to the result that the community standards had been applied correctly and that therefore the content could not be restored’ – an assessment we cannot share.”

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The land border does not fall under the EU/Turkey agreement.

Greece Reinforces Land Border With Turkey To Stem Flow Of Migrants (G.)

Greece has rushed to reinforce its land border with Turkey as fears mount over a sharp rise in the number of refugees and migrants crossing the frontier. Police patrols were augmented as local authorities said the increase in arrivals had become reminiscent of the influx of migrants on the Aegean islands close to the Turkish coast. About 2,900 people crossed the land border in April, by far surpassing the number who arrived by sea, the UN refugee agency (UNHCR) said. The figure represents half of the total number of crossings during the whole of 2017. Speaking from the frontier town of Orestiada, the local mayor, Dimitris Mavrides, told the Guardian: “Our reception facilities are overwhelmed and things are on the verge of spinning out of control. Far more are coming than are actually being registered.

“The government has just sent 120 extra police, but they are temporary and simply not enough. Frontex also has to intervene,” he added, referring to Europe’s border and coastguard agency. The area’s sole reception centre has capacity to process 240 people. In the absence of accommodation, authorities are placing newcomers, including children, in inappropriate police detention facilities where access to interpreters and other services are severely restricted. “Some of those in police detention have been held for more than three months,” UNHCR said in a statement. “Conditions are dismal … the hundreds of people kept include pregnant women, very young children and people in need of medical and psychosocial care.”

[..] The abrupt rise reflects a switch in tactics by people smugglers circumventing the controversial agreement the EU struck with Turkey in a bid to stem migration flows at the height of the crisis when more than a million people entered the bloc through Greece. [..] The land border does not fall under the agreement and is said to be easier to traverse. “In a boat it can take as little as three minutes to cross and is far cheaper,” said Mavrides. “They are coming precisely because it is not part of the deal and because word has got out the situation on the islands is dramatic. If they get here and are processed, they are free to go anywhere on the mainland. We have four buses a day to Athens and Thessaloniki and they are full.”

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What a delight to read.

“It’s especially unusual because men and women speak different dialects..”

“Although the shark may not be seen much in these waters anymore, it is still spoken of with respect, as the giver of life and creator of this land.”

Australia’s Ancient Language Shaped By Sharks (BBC)

The tiger shark was having a really bad day. Other sharks and fish were picking on him and he was fed up. After fighting them, he met up with the hammerhead shark and some stingrays at Vanderlin Rocks in the waters of Australia’s Gulf of Carpentaria to speak of their woes before they set out to find their own places to call home. This forms one of the oldest stories in the world, the tiger shark dreaming. The ‘dreaming’ is what Aboriginal people call their more than 40,000-year-old history and mythology; in this case, the dreaming describes how the Gulf of Carpentaria and rivers were created by the tiger shark. The story has been passed down by word of mouth through generations of the Aboriginal Yanyuwa people, who call themselves ‘li-antha wirriyara’ or ‘people of the salt water’.

As we sailed past the rocks and sandstone cliffs of Vanderlin Island, heading towards the mouth of the Wearyan River, dugongs and fish swam by. We were searching beneath the waves for a glimpse of shark fins, following in the path of the tiger shark in this creation story. The tiger shark’s journey was challenging as he forged his way through the Gulf, creating the water holes and rivers in the landscape. He was turned away by many other angry animals who did not want him to live with them. A wallaby even hurled rocks at him when he asked if he could stay with her. But as he swam, the dreaming story explains, the shark helped create the waters of the Gulf of Carpentaria that we see today.

“Tiger sharks are very important in our dreaming,” said Aboriginal elder Graham Friday, who is a sea ranger here and one of the few remaining speakers of Yanyuwa language. Some people here still believe the tiger shark is their ancestor, and the Yanyuwa are known for their ‘tiger shark language’, as they have so many words for the sea and shark. [..] today conservationists are concerned about tiger shark numbers, with them currently listed as ‘Near Threatened’ by the International Union for Conservation of Nature. “Not many sharks any more. But this dreaming story shows there were once,” Friday said. [..] Although the shark may not be seen much in these waters anymore, it is still spoken of with respect, as the giver of life and creator of this land.

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