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FIFA Folds, Allows Rainbow Flags To Fly In Seattle Stadium Despite Objections From Iran, Eqypt

FIFA Folds, Allows Rainbow Flags To Fly In Seattle Stadium Despite Objections From Iran, Eqypt

Rainbow flags will be allowed inside the stadium in Seattle, where the FIFA World Cup group game between Iran and Egypt is being held on June 26, despite both countries objecting to the standards associated with the LGBT community.

Both countries are predominantly Muslim, and homosexuality is illegal in Iran and criminalized in Egypt, but Hana Tadesse, a spokesperson for Seattle’s World Cup organizing committee, said on June 24 that FIFA considers the rainbow flag a statement of human rights and will allow fans to wave it inside Lumen Field.

In December 2025, the soccer federations of both Iran and Egypt complained after it became clear that Seattle’s World Cup organizing committee wanted to use the match as a “once-in-a-lifetime moment to showcase and celebrate LGBTQIA+ communities in Washington.”

As Chris Summers reports for Epoch Times, under FIFA’s World Cup stadium policy, it is prohibited for fans to bring in certain controversial political items.

“Any materials, including but not limited to banners, flags, flyers, apparel, and other paraphernalia that are of a political, offensive, and/or discriminatory nature, containing wording, symbols, or any other attributes aimed at discrimination of any kind against a country, private person, or group on account of race, skin color, ethnicity, national or social origin, gender, disability, language, religion, political or any other opinion, birth, wealth or any other status, sexual orientation, or any other grounds,” according to the policy.

When Iran played its first game, against New Zealand in Inglewood, California, on June 15, The Epoch Times reported that FIFA had banned Iranian fans who opposed the regime in Tehran from flying the country’s pre-1979 flag—which bears a lion-and-sun standard—inside the stadium.

On June 25, before the Iranian soccer team held a news conference in Seattle, Daniel Marin, FIFA’s executive director of public relations, read a statement on behalf of the Iranian team.

“This Islamic Republic of the Iran Football Federation has asked us to inform the media that they are only willing to answer questions in relation to the game,” Marin said.

“We fully respect the right of all journalists to ask questions. In this case, we ask you respect the rights of the federation here today to only answer questions in relation to the team, the tactics, the match, and so on.”

Iran goalkeeper Alireza Beiranvand makes a save against Belgium during their soccer World Cup match in Inglewood, Calif., on June 21, 2026. Mark J. Terrill/AP

But Iran’s coach, Amir Ghalenoei, was still asked a barrage of questions about the issue by journalists, which he declined to answer.

If Iran wins, they will advance to the knockout stage of the World Cup for the first time.

“I said to you earlier we are here to play football. For nothing else,” Ghalenoei said.

“Our entire focus is going to be on tomorrow’s game, on succeeding in tomorrow’s game. And, anything else that is banned ... we don’t want to speak about it.”

Soccer Is the ‘Beautiful Game’

“We are only going to speak about football, what a beautiful game it is, and how enjoyable it’s going to be,” Ghalenoei said.

Egypt’s players and coach Hossam Hassan also declined to answer questions on the issues during a news conference at Husky Soccer Stadium in Seattle.

“We are all focused on football,” Hassan, speaking through a translator, said. “This is all that we think about.”

The wearing of rainbow armbands became a controversy in 2024, when several English Premier League soccer players objected to wearing them as part of an “LGBTQ+ inclusion initiative” because of their religious beliefs.

Marc Guehi, who is currently playing for England in the World Cup, chose to write over the armband the message, “Jesus loves you.”

Sam Morsy, a practicing Muslim who captained Ipswich Town, chose not to wear the symbol on his jersey when he led his team to a draw against Manchester United in December 2024. Morsy played nine times for Egypt—where his father is from—but was not included in their World Cup squad.

The Epoch Times reached out to FIFA for comment but did not receive a response by publication time.

Tyler Durden Fri, 06/26/2026 - 16:40

The Party Of Algae And 'Our Democracy'

The Party Of Algae And 'Our Democracy'

Authored by James Howard Kunstler,

“. . .a political party doesn’t lose 95 percent of a registration advantage because voters are kinda annoyed. Something much, much deeper is going on.”

- Richard Landwirth

Okay, convince me that gay-Islamic-race-communism is a “progressive” political program America is going to buy like corn flakes.

The Lefty-left wants to think so, as it lurches from one peak of mental illness to an even greater one in the 130 days to the midterms.

Look how successful they’ve been with open borders, defunding the police, men in the girl’s swim lane, no cash bail, sex-change surgery for kids, free-for-all elections, hatin’ on white people, and open Medicare fraud. The new re-branding strategy as “Democratic Socialism” only tells you that reality has ceased to interest them.

No, winning electoral districts stuffed with illegal aliens in bright blue cities with tiny overall voter turnouts won’t sweep the nation like love. More likely it’s a harbinger of the party’s approaching death, like the Whigs going down the drain in 1852, gurgle-gurgle. Advocating to destroy American society is a poor sales pitch. The party’s old-line leadership frantically seeks some way to neutralize the rising influence of Zohran Mamdani and his disciples, but so far nothing works. An odor of desperation fills the air.

One thing you can say about the gay-Islamic-race-communists is that they are well-organized, which is understandable since their political program resembles an ant farm, a dis-individuated collective with insectile characteristics, workers and soldiers toiling in mindless solidarity to occupy more electoral territory so as to vanquish their “oppressors,” Trump and the big feet of his capitalist minions.

Meanwhile, though, the money flows dry up as the old Big Donor Dawgs freak-out at the prospect of having their fortunes confiscated, eaten by this advancing ant-swarm, while Scott Bessent and Todd Blanche work to disassemble the giant, hive-like matrix of NGOs that, for years, laundered US taxpayer dollars through the Democratic Party’s patronage system. In New York City, Philly, LA, Chicago, Seattle, Boston, Portland, the NGOs furnished comfortable salaries for young activists churned out remorselessly by Higher Ed, but all that’s starting to look like a bygone Shangri-la, a lost world.

“Many Democratic primary voters, however, are in no mood for defensiveness. As they see it, they’ve been failed by a cautious, compromising establishment, and they’re going to overthrow it.”

- Michelle Goldberg, The New York Times

Of course, the loss of those cushy jobs and perqs has pitched that young demographic into a yet greater rage, prompting them to wreak vengeance and havoc on the system that took their “entitlements” away. Activists want to do activism, which is not necessarily the same as working for a living. It’s working for an ideal, a cause — to abolish the very society based on working for a living and replace it with a parent-like, hovering, all-powerful government that provides your every need by “seizing the means of production.”

The trouble is, this has been tried before, many times in the previous century, and the track-record is discouraging, exhibit-A being the old Soviet Union, the experiment that failed. Why? Because after seizing the means of production, the state bureaucracy lacks the skills, the spirit, and the creative juice to produce much of anything, and especially to do it well. All it can actually contribute to the process is its intrinsic bureaucratic entropy and, to put it ultra-simply, entropy is just not a force for good in this world.

The Republican Party is laboring through its own parallel, but rather different sort of crack-up, a breach based more on pure enmity to President Trump’s personality than necessarily to ideas or policy.

The Right still uniformly subscribes to personal liberty and economic enterprise, but factions on the right have a long-running investment in the Deep State apparatus and its protection against Mr. Trump’s impending prosecution of the so-called “grand conspiracy” (the ongoing seditious coup), as well as his dismantling of the money-flow architecture that keeps Beltway types rolling in dough.

Former AG Bill Barr is exhibit-A for that faction, as when he concealed the FBI’s possession of Hunter Biden’s laptop through Trump Impeachment No. 1, when he refused to investigate ballot fraud after the 2020 election, and when he managed to let Jeffrey Epstein off himself in the Manhattan federal lockup.

Then there is Senate Majority Leader John Thune, the emptiest suit to ever occupy that job, who refuses to explain his aversion to common-sense election reform or his failure to allow confirmation of the president’s nominees to important federal posts. He is so committed to doing nothing that he makes “Joe Biden” look like a prodigy of action. They say Sen. Thune represents the old-school “country club” Republicans, but he looks too dim to even tote up an 18-hole golf card.

There are also Tucker, and Candace, and Nick Fuentes, and MTG, and other pouting and shouting former MAGA superstars throwing down against the president and his program.

It has all become rather unappetizing, though rumors swirl of Tucker seeking to build a whole new party to replace the GOP and MAGA. As Homey de Clown might put it: I don’t think so. . . .

I doubt that any of them will succeed in destroying MAGA, but they’re making the movement uncomfortable. Let’s face it: they’re embarrassing.

On the other hand, the Party of Algae and “Our Democracy” is incapable of being embarrassed, and that has been obvious for a long time based on the absurdities they attempt to foist upon our country.

The Iran War seems to be fading in the rear-view mirror now, despite all their yelling about how we lost it.

Oil is hovering just below $70-a-barrel as I write.

Hakeem Jeffries and Chuck Schumer are reduced to a pitiful vaudeville act in the face of Mamdani-ism.

Bernie Sanders is lost in a rain-dance for Utopia.

And James Carville is on-track for a three-week vacation in the Rubber Room.

Don’t bother praying for them. Just wait for gurgle.

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

Tyler Durden Fri, 06/26/2026 - 16:20

Tanker Rates Nearly Halve As Hormuz Shipping Normalizes

Tanker Rates Nearly Halve As Hormuz Shipping Normalizes

The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve.

Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange.

Rates remain elevated and still highly profitable for owners, but the sharp drop late in the week suggests the market is beginning to normalize after an interim U.S.-Iran peace deal reduced the war risk premium around the Hormuz chokepoint. Early movers certainly capitalized on lofty rates last week.

According to Bloomberg data, 48 vessels have transited the narrow waterway on Friday, though that does not include ships that switched off their transponders.

By the end of the week, Brent crude fell below $72 per barrel, while WTI traded around $69, hovering near pre-war levels.

A late Thursday note from Arrow Shipping & Energy said that 75 million barrels of crude have flowed out of the Persian Gulf via tankers since the U.S. and Iran signed an interim peace deal. Persian Gulf exports are now at about 75% of pre-war levels, according to Bloomberg estimates.

Related:

Tanker loadings are now resuming at Saudi Arabia's Ras Tanura terminal, yet another sign exports from allied Gulf countries are ramping up.

"Crude remains under significant pressure as the bearish narrative continues to center on improving flows through the Strait of Hormuz," said Rebecca Babin, senior energy trader at CIBC Private Wealth Group. "While transit numbers appear somewhat lower following yesterday's attack on a vessel, traffic has not stopped entirely."

HSBC analyst Kim Fustier said the reopening of the Hormuz waterway has created a "near-term supply overhang; Gulf exports rebound faster than the market can absorb them."

Fustier noted, "China remains key swing buyer," but said the "next inflection point when backlog of stranded vessels runs out and SPR releases end in July," may shift Brent back towards $80/bbl.

Tyler Durden Fri, 06/26/2026 - 15:40

Michael Saylor Responds To Scrutiny As Strategy Shares & STRC Hit 52-Week Lows

Michael Saylor Responds To Scrutiny As Strategy Shares & STRC Hit 52-Week Lows

Authored by Micah Zimmerman via BitcoinMagazine.com,

Michael Saylor responded to the deepening selloff in Strategy’s stock and preferred shares Friday with a statement on X.

“Volatility tests every capital structure,” Saylor wrote.

“Strategy remains focused on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation.

We appreciate our investors and will continue to execute with transparency and resolve. $MSTR”.

The tweet landed as MSTR shares and STRC, Strategy’s variable-rate perpetual preferred, both hit 52-week lows. MSTR has shed more than 80% from its all-time peak. STRC, which carries a par value of $100, traded near $74 — a 26% discount.

When preferred shares trade below par, the mechanism that funds bitcoin purchases through preferred issuance breaks down: the company cannot raise capital on favorable terms on instruments trading at a discount.

Bitcoin broke to $58,000 Wednesday for the first time since October 2024, pushing Strategy’s paper losses above $14 billion. The company holds 847,363 bitcoin at an average purchase price of $75,680 per coin — a gap of more than $17,000 per coin at current prices.

MSTR shares, which had shed around 25% over five trading days going into Friday, extended that decline somewhat in pre-market trading as bitcoin’s slide appeared to stagnate. The stock trades at an mNAV below 1.0, meaning the market values Strategy’s shares at a discount to the bitcoin on its balance sheet.

That matters because the company’s model depends on a premium: Strategy issues stock or preferred instruments above NAV, deploys proceeds into bitcoin, and lifts NAV per share in the process. With the premium gone, both capital taps are constrained at the same time.

Strategy’s cash strain deepens further

The pressure on the capital structure extends past bitcoin’s price.

Annual dividend obligations on Strategy’s preferred instruments — STRC, STRK, STRF, STRD, and STRE — have risen from $300 million at the start of 2026 to $1.2 billion, a fourfold increase in six months.

Cash reserves have fallen 38% this year. Dividend coverage, once above seven years, has compressed to about 14 months.

A Bloomberg report Thursday described investor scrutiny of Saylor’s funding model as the most intense the company has faced. CryptoQuant issued a note this week calling on Strategy to halt bitcoin purchases and rebuild cash to $2.8 billion before resuming accumulation.

Strategy made its first bitcoin sale in four years in early June, offloading 32 BTC at an average of $77,135 per coin. Saylor framed the move as proof the company could cover dividend obligations through asset liquidation. The market’s reaction suggests that framing did not hold.

Last week, Strategy bought 520 bitcoin — a fraction of its prior pace — and put $300 million of a $335.5 million equity raise into cash rather than bitcoin.

Saylor has not elaborated on the tweet beyond the statement posted to X.

We give the last (someone testy) word to Saylor...

Tyler Durden Fri, 06/26/2026 - 15:20

'Historic' Ceasefire Deal Reached By Israel & Lebanon, But Fine Print Confirms Fragile Reality

'Historic' Ceasefire Deal Reached By Israel & Lebanon, But Fine Print Confirms Fragile Reality

Israeli Prime Minister Benjamin Netanyahu has hailed the new agreement signed between Israel and Lebanon, hosted in Washington on Friday, as a major blow to Iran. He has said Israeli forces will remain in southern Lebanon so long as Hezbollah does not disarm: 

"I want to announce a great achievement for the State of Israel. The most important thing is that, first of all, Israel remains in the security zone in southern Lebanon. This is a great achievement, and we will maintain it as long as Hezbollah does not disarm, as long as there is a danger to the State of Israel."

Mideast regional media is also calling the 'trilateral framework agreement' (given it was also signed by the US) as likely the most significant agreement between the two enemy countries in decades.

Secretary of State Marco Rubio stated at the signing ceremony that it was aimed at achieving "lasting peace and security". The US top diplomat proclaimed, "Today is a good day in that we are happy to announce a framework agreement between the sovereign government of Lebanon and, of course, the government of Israel, with a mediation and support of the United States of America that begins to put in place a framework for lasting peace and security."

via Reuters

He added: "And that’s what these two nations deserve." Following on this, the State Department also said officially, "The two sides agreed with the guidance of the United States to swiftly advance the creation of pilot zones in which the Lebanese Armed Forces will take exclusive control of the territory to the exclusion of all non-state actors."

Ultimately, it shows a serious effort by the Trump administration to scramble behind the scenes and ensure events in Lebanon can't derail the fragile peace and ceasefire achieved with the MoU signing between the US and Iran earlier this month.

Iran has insisted that a broader peace deal bring Lebanon into it, after small Mediterranean country suffered relentless aerial attacks by Israel, which is seeking to eradicate Hezbollah while occupying more territory in the south.

But the hard reality is that without Hezbollah going along with this, it only remains symbolic. In the below is seen the crucial fine print:

The agreement, which came as a result of talks mediated by the United States, calls for the implementation of a ceasefire between the two nations.

That ceasefire is contingent on a complete cessation of fire by the paramilitary group Hezbollah and the evacuation of all Hezbollah operatives from the South Litani Sector, an area in southern Lebanon.

Hezbollah was not a party to Friday’s agreement. It is not clear whether the group will abide by any ceasefire.

As for some of the key details, the Israel Defense Forces (IDF) will hand over control of two areas within its six-mile southern Lebanon buffer zone to Lebanese forces. Al Jazeera says this is a prelude to a full Israeli withdrawal later on.

Having already cleared Hezbollah infrastructure from these sectors, Israeli forces are prepared to step back. The prior clearance operations included leveling entire border villages - a move Israel defended by claiming Hezbollah used the civilian infrastructure as staging grounds for attacks.

Prior agreements have come and gone though - given things usually devolve into sporadic exchange of fire to start, and then move to intensified conflict. But the Trump admin has high hopes that this one will stick, truly earning the 'historic' label that many officials are currently attaching to it.

Tyler Durden Fri, 06/26/2026 - 15:00

"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off

"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off

Media reports earlier this week about SpaceX's inaugural post-IPO investment-grade bond (and we mean inaugural, as the company rushed to tap the corporate bond market just days after going public with a low-IG rating of Baa1/BBB) which priced on Tuesday, had it as almost 4x oversubscribed, at roughly $90BN in orders for the $25 billion offering (upsized from $20 billion), signaling relentless demand for the paper. Alas, it took just 48 hours for the myth of sterling demand to crash and burn, with Bloomberg reporting today that the "blockbuster bond sale is weakening so quickly in the secondary market that traders say they can’t recall another recent deal that widened this sharply."

This is what we mean.

Confirming the TRACE data shown above for the company's bonds due 2056, Bloomberg says that a large dealer was quoting the SpaceX bonds at levels as much as 0.32 percentage point wider than the issue price of 1.75 percentage points above Treasuries.

Parallel selling across the entire SpaceX bond complex means that paper losses on the company's $25 billion offering have mounted since the debt broke for trading Wednesday and totaled roughly $400 million as of Friday, relative to Treasuries. The longest-dated SpaceX bonds, which drew more skepticism than those with shorter maturities, have erased all the tightening from underwriters that followed as orders swelled to nearly $90 billion.

So much for that oversubscription.

Traders who spoke to Bloomberg said the moves suggest fast-money accounts, rather than traditional buy-and-hold investors, piled into the deal looking to flip it for a quick profit. In other words, the momentum monkeys who have dominated stonks, decided to try their hand at flipping bonds. It didn't work out well: the selling pressure stands out even more because SpaceX shares have been largely stable since the bonds priced on Tuesday, after lurching 16% lower the day before, which it not say that the stock has been especially stable and it once again broke below its first day of trading price earlier today when it briefly dipped below $150.

Even if there are more technical reasons behind the selling - hedge funds covering or hedging short positions, for example - the unprecedented magnitude of the rapid selling points to SpaceX’s unique profile. The company, which at its peak this month had a $2.64 trillion market value, won investment grades despite expectations for years of negative cash flow and a dependence on Elon Musk that Fitch Ratings deemed a “key rating constraint.”

“We expected SpaceX to widen from issuance level, but not this much,” said Tony Trzcinka, a portfolio manager at Impax Asset Management. “That magnitude is likely a perfect storm of the stock shedding $600 billion+ since launch, weak technicals from the upsized supply, and investors still scratching their heads over how to price its unique risk profile.”

SpaceX's selling is a rare move compared with how other recent mega bond sales have traded in the secondary market.

Take Nvidia, which raised $25 billion in a seven-part high-grade offering this month. The spreads on its 5.55% bonds maturing in 2046 have widened by just 11 basis points since issuance, while the spreads on its 5.625% bonds maturing in 2056 are 12 basis points wider. The spread on Alphabet’s longer-dated bonds issued in February have broadly tightened.

Meanwhile, after weakening, SpaceX’s credit curve is now trading more in line with those of similarly rated Oracle, whose longer-dated bonds also widened soon after they were first sold. 

One way to track the SpaceX relative credit performance is through CDS, as Credit-default swaps tied to the company began actively trading after the company sold high-grade bonds this week for the first time, allowing investors to hedge against potential losses or to speculate on the creditworthiness of the firm. And yes, SPCX CDS has blown wider since breaking for trading, indicating the market is not as hopeful on the company's "otherworldly" ambitions, as Elon Musk or the friendly Wall Street sellside, which expects 100x higher revenues by 2030. 

But here a bigger problem emerges: as we have been pounding the table since last October, when we said that "AI Is Now A Debt Bubble Too, Quietly Surpassing All Banks To Become The Largest Sector In The Market" and most recently two weeks ago when we profiled "The $1.8 Trillion Off-Balance Sheet Time Bomb At The Heart Of The AI Supercycle", bondholders have been inundated with massive hyperscaler bond sales this year as tech giants race to raise billions of dollars to finance artificial intelligence projects (read: pay memory chip makers ridiculous prices for their commodity product). US high-grade supply of $180 billion as of Wednesday has set a new June record, surpassing 2020’s $169 billion haul, according to Bloomberg calculations. Morgan Stanley's internal calcs are even more insane: the bank's latest Debt Financing Tracker (available to pro subscribers) found that YTD $236BN in AI-linked debt has been issued, a 357% increase from the same period last year. By year-end, MS expect this number to more than double to $570 billion.

Source 

Even more amazing is the recent explosion in hyperscaler gross leverage, which has surged from 0.9x in Q3 '25 to 1.8x currently, doubling in just over two quarters, and surpassing the gross leverage of the entire energy sector. At this rate, hyperscaler debt is growing at about 0.3x turn per quarter.

Source 

Echoing Bloomberg's observation that the borrowing spree is starting to weigh on corporate bond spreads, pushing average high-grade risk premiums out of a historically tight range, Morgan Stanley noted that hyperscalers are drifting wider, and after trading insider AA spreads for much of 2025, are now on top of A, and as MS warns, "may widen further on supply." And it's not just outlier Oracle: META is now trading wider to CDX IG. 

Source 

Not surprisingly, Bloomberg reported earlier this week that demand for the SpaceX bond sale was strongest for the five-year notes, i.e. the lowest duration part of the offering, which let the company cut borrowing costs more on that portion of the deal than on the longer maturities. Interest was weaker in the 20-year and 30-year bonds, which saw the biggest drop-off in demand. Ironically that's precisely where the bulk of the "shareholder value" is concentrated, deep in the future when SpaceX is expected to be colonizing Mars, flying through worm holes, and enjoying other activities that push its EBITDA north of $1 trillion, or something. 

SpaceX’s long-dated bonds are widening despite “some initial excitement and demand,” with bondholders “seemingly concluding that there may be plenty more debt issuance to come, as the loss-making company finances its future path to profitability,” Mark Dowding, CIO for fixed income at RBC BlueBay Asset Management, wrote in a note.

Mark is undoubtedly correct, and we expect both SpaceX and other IG names to continue flooding the market until spreads eventually blow up like they did one year ago, and shut the debt issuance window for good, at which point the capex cycle will end as there is no more free cash flow, and in a few months, there will be no more debt either. 

We recommend reading the latest Morgan Stanley Debt Financing Tracker for a comprehensive analysis of the hyperscaler debt flooding the investment grade bond market (available to pro subscribers).

Tyler Durden Fri, 06/26/2026 - 14:40

Florida's 'Alligator Alcatraz' To Permanently Close, Gov. DeSantis Says

Florida's 'Alligator Alcatraz' To Permanently Close, Gov. DeSantis Says

Authored by Jill McLaughlin via The Epoch Times,

Florida permanently closed the temporary illegal immigrant holding center “Alligator Alcatraz” June 25 after transferring federal detainees to other facilities, Gov. Ron DeSantis announced.

“Alligator Alcatraz now has zero detainees,” DeSantis told reporters at a press conference outside the facility at the Dade-Collier Training and Transition Airport in the Florida Everglades, about 50 miles west of Miami.

“It has helped remove many, many dangerous people from the street and get them out not only the state of Florida but the United States of America,” DeSantis said.

The facility was completed in less than two weeks and led to the deportation of almost 21,000 illegal immigrants, mainly people who had criminal records or were wanted for crimes, DeSantis said.

Crimes committed by the foreign nationals who were deported from the facility included sexual battery, international cartel activity, drug trafficking, homicide, burglary, fraud, fentanyl distribution, and Medicaid fraud, according to records.

The 2026 hurricane season started June 1, prompting Florida officials to move detainees out of the soft-sided facility.

Florida will continue to cooperate with the Trump administration on its immigration program, DeSantis said.

The state’s Deportation Depot in Baker County has processed 10,000 illegal immigrants and will continue to operate, he said.

“We’re proud to be able to be in this fight,” DeSantis said.

Florida is the only state in America that requires all state agencies to cooperate with federal law enforcement agencies in Florida for immigration enforcement.

President Donald Trump (2nd L), Florida Gov. Ron DeSantis (L), and then-Secretary of Homeland Security Kristi Noem (R) tour a detention center for illegal immigrants, dubbed Alligator Alcatraz, located at the site of the Dade-Collier Training and Transition Airport in Ochopee, Fla., on July 1, 2025. Andrew Caballero-Reynolds/AFP via Getty Images

As a result, Florida has accounted for 40 percent of all immigrant arrests during President Donald Trump’s second term, according to the governor.

U.S. Border Czar Tom Homan joined Florida officials at the closure of Alligator Alcatraz June 25, touting the state’s success in helping the administration achieve a “record number of arrests and deportations.”

“Targeting national security threats is a priority of President Trump and we’re achieving that,” Homan said. “This doesn’t end the relationship. This is a continuation.”

Homan reported the administration had reduced illegal immigration by 97 percent at the border and had recovered 147,000 out of the 300,000 immigrant children that went missing under President Joe Biden’s administration.

“We are saving thousands of lives by securing that border,” Homan said. “A secure border is the most humane thing you can do. This is what the American people voted for and that’s what we’re going to continue to do.”

White House border czar Tom Homan takes a question from a reporter outside the West Wing of the White House on June 22, 2026. Andrew Harnik/Getty Images

Even before Alligator Alcatraz opened its doors, the site drew protests and lawsuits filed by immigrant rights groups.

In July 2025, the American Civil Liberties Union (ACLU) and other groups filed a lawsuit against the Trump administration over the facility. The ACLU alleged that there was a lack of access to it and that detainees lacked due process.

State and federal officials have denied all allegations of torture and inhumane conditions at the detention facility.

The ACLU’s Florida chapter celebrated the governor’s announcement about the site’s permanent shutdown.

“Through pushback and litigation pressure, we the people successfully closed the chapter on this facility’s dark record,” the ACLU of Florida posted on X.

A protester stands outside the migrant detention facility dubbed “Alligator Alcatraz” at the Dade-Collier Training and Transition Facility in Ochopee, Fla., on July 12, 2025. AP Photo/Alexandra Rodriguez

The Sierra Club of Florida welcomed the closure.

“We welcome efforts to permanently protect lands previously used for the prison camp known as ‘Alligator Alcatraz,’” the Sierra Club stated in an X post. “But fulfilling this commitment will require far more than the closure of the detention center alone.”

The Sierra Club is calling for the state to permanently protect the national preserve around the facility from future development, fossil fuel exploration, and drilling.

Tyler Durden Fri, 06/26/2026 - 13:40

Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul

Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul

German business news outlet Manager Magazin reports that Volkswagen CEO Oliver Blume is eyeing a major restructuring that could eliminate as many as 100,000 jobs. The latest VW earnings show just why: Europe's largest automaker remains bloated in a world of weak demand, a softening Chinese market, rising Chinese competition in Europe, and low margins.

"Volkswagen CEO Oliver Blume is getting serious. He plans to drastically intensify job cuts, actually phase out production at four German plants, and spin off the VW brand into a new company. Volkswagen is to become a new company," Manager Magazin wrote in the report.

If fully implemented, the 100,000-job reduction would eliminate about 15% of Volkswagen's current global workforce of 650,000. Bloomberg data shows VW went on a hiring spree between 2008 and 2020.

Now, it appears a generational high has been reached in VW's workforce, as a shift toward efficiency, automation, and AI could soon result in massive job losses. We're sure lefty unions will be furious.

Manager Magazin also noted that Blume plans 11 billion euros in cost cuts by 2030, which could include spinning off component operations and the core VW brand.

The restructuring plan will be presented to the supervisory board next month and is expected to face intense resistance from labor unions and Lower Saxony lawmakers, who hold significant influence over the company's governance.

The urgency behind a restructuring stems from deteriorating earnings: its first-quarter revenue fell 2.5% to 75.7 billion euros, while operating profit dropped 14.3% to 2.46 billion euros, and the operating margin slipped to 3.3% from 3.7%. Earnings after tax fell 28.4% to 1.56 billion euros, while vehicle sales fell 6.9%, and deliveries were down 4%.

A Volkswagen spokesperson told the Hamburg-based outlet that the struggling car company "must undergo profound change." The executive board "has been working intensively over the past few months on a future-oriented plan to realign the company."

Shares in Germany slipped 34 basis points following the report and remain down 25% on the year. The stock is trading at 2010 levels...

The implosion of VW tells you all you need to know about Europe's crumbling industrial base at a time when war is still raging, and in fact accelerating, in Ukraine. Time to convert unused civilian vehicle production lines into interceptor missile production.

Tyler Durden Fri, 06/26/2026 - 12:00

Amazon Prime Day Household Spending Underwhelms, Survey Finds

Amazon Prime Day Household Spending Underwhelms, Survey Finds

The massive four-day shopping event for Amazon Prime members kicked off Tuesday and runs through the end of the week, but early survey data suggest the sales event is off to a sluggish start, with average household spending on day one tracking below last year's pace.

Bloomberg cited high-frequency data from market research firm Numerator, which surveyed thousands of Prime members and found that the average household had spent about $89 as of 4 p.m. Tuesday, the first day of Prime Day.

That average total sales ticket was down about 16% from the same point during last year's event, suggesting Amazon's Prime Day is off to a softer start as cash-strapped consumers are still reeling from months of soaring gasoline and diesel prices, despite the latest pullback in pump prices following an interim US-Iran peace deal.

Another reason for the softer activity on day one of Prime Day could be that cash-strapped consumers are simply not seeing the deals they expected. That was echoed by marketing firm PMG, which said Prime Day discounts would be lighter this year. Some of that is because merchants face higher costs and tariff uncertainty, both of which are pressuring margins.

According to Numerator, about half of shoppers said inflation and higher living costs have driven them to Prime Day. Throughout the four-day shopping period, the survey found that households plan to spend about $187.

Ohio retiree Patrice Kihlken told Bloomberg that discounts on summer dresses and jewelry-making supplies were rather disappointing.

"It's just underwhelming to me," said Kihlken, 65. "Most of the things that I looked at, they're 5%, 10%, maybe 15% off. Anything that's really nice is not on sale."

Prime Day's slow start should be seen as a proxy for consumer sentiment, as it shows household willingness to spend outside normal weekly purchases, as well as tests discount elasticity, or the willingness of households to respond to deals.

The takeaway so far is that the soft start is an ominous sign, but there are several days left in the big sale.

Analysts from UBS to Piper Sandler have pointed out incoming tailwinds for consumers with plunging fuel prices:

Yet there might be a lag period before consumer sentiment finally shifts higher and translates into higher spending.

Tyler Durden Fri, 06/26/2026 - 11:20

World Cup Pundit Branded Racist For Calling African Team's Performance "Wild"

World Cup Pundit Branded Racist For Calling African Team's Performance "Wild"

Authored by Steve Watson via Modernity News,

Bastian Schweinsteiger, the former Bayern Munich, Manchester United and Germany midfielder, has been accused of racism by Ivory Coast manager Emerse Fae for comments he made as a pundit ahead of one of the team's 2026 World Cup matches.

While previewing Germany's group-stage match against Ivory Coast, Schweinsteiger described the opponents' style as "a bit African football, a bit unorthodox, a bit wild, a bit perhaps also not so conditioned by tactics" and warned that Germany "must be prepared for it to be unpredictable."

The accusation has ignited debate over whether pundits can still describe regional playing styles without facing bigotry charges. Schweinsteiger was performing the basic job of a television analyst: giving viewers a clear picture of what to expect from an opponent known for athleticism and direct play. Instead of focusing solely on Ivory Coast's on-pitch results, the story quickly shifted to policing his choice of words.

After the Germany match, Fae was asked about Schweinsteiger's preview and responded "I think it's sad. Schweinsteiger was a very good player. I have always loved him as a midfielder and the way he understood football. When I heard his comments, I was disappointed in the man. It is odd he would speak that way. We could call it racist, if we were calling a spade a spade."

Fae added: "I don't agree with him, but I have no other solution other than to work with things as they are. All I can show is that on the pitch African teams are not just physical, we are technical and tactical. I can only hope it is a clumsy statement, rather than something going on in his mind. If that's what he thinks, he is free to do so."

The attempt to frame routine style analysis as racism has met strong resistance from fans who see a clear double standard. Commentators have long discussed Brazilian flair, Italian pragmatism or German structure without controversy. Applying similar shorthand to an African side now triggers accusations that many view as overreach.

Many replies argue that describing distinct continental or national styles is normal football talk, not prejudice, and that elevating every stylistic observation to a racism debate stifles honest commentary.

Schweinsteiger did not invent the idea of regional football identities. Analysts have used terms like "African football" for years to capture characteristics such as athleticism, directness and unpredictability that can disrupt more rigid systems.

The same principle applies to every other part of the world game. Treating one continent's style as uniquely off-limits for description creates an uneven standard.

The broader problem is the expanding reach of identity politics into sports media. Pundits are expected to deliver clear, unvarnished takes on tactics, strengths and weaknesses. When a single descriptive phrase triggers accusations of racism, the space for straightforward analysis shrinks. Viewers lose out on informed discussion, and commentators face pressure to self-censor.

Sports broadcasting should not require analysts to filter every observation through a political lens. Schweinsteiger gave a concise preview of an opponent. That is exactly what the role demands. Branding such comments racist because they reference "African" traits turns normal football talk into a minefield.

The alternative is sanitized coverage where analysts tiptoe around obvious realities for fear of manufactured outrage. That serves no one - not the players, not the viewers, and not the game itself.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden Fri, 06/26/2026 - 10:15

UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further

UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further

Having rebounded from record (46 year) lows in preliminary June data, University of Michigan's final June Sentiment survey was expected to show further improvement as gas prices have fallen since the US-Iran 'peace' MoU signing.

And it did with the headline index rising from 48.9 flash and 44.8 prior to 49.5 (but that was below the 50.0 expectation)...

Both Current Conditions and the Expectations Index also rebounded with the former outperforming...

Consumer sentiment confirmed its early-month reading, rising about 10% above May as gas prices moderated.

"Increases were seen across income, wealth, and political affiliation," Joanne Hsu, director of the survey, said in a statement.

Expected business conditions over the next five years surged 16% as consumers’ worries over long-term consequences of the Iran conflict appear to be easing.

"Still, sentiment remains in unfavorable territory at 13% below the February 2026 reading prior to the start of the Iran conflict, and nearly 20% less than a year ago."

Year-ahead inflation expectations inched down from 4.8% in May to a still-elevated 4.6% this month.

The current reading substantially exceeds the 3.4% reading seen in February before the Iran conflict began, along with all 2024 readings.

Long-run inflation expectations fell back from 3.9% last month to 3.3% in June, remaining a bit higher than the 2.8% to 3.2% range seen in 2024.

A gauge of consumers’ perceptions of their personal finances also improved from May, though remained close to the lowest since 2009.

Even so, US household demand has proved resilient. 

However, “the cost of living remains at the forefront of consumers’ minds,” Hsu concludes.

“Over half of consumers spontaneously mentioned that high prices are weighing down their personal finances.”

 

 

 

 

 

 

Tyler Durden Fri, 06/26/2026 - 10:08

UAE Retracts Warning About "Potential Missile Threat"

UAE Retracts Warning About "Potential Missile Threat"

Update: it appears the earlier warning by the UAE was a false alarm:

  • UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'
  • UAE ASKS PEOPLE TO IGNORE PREVIOUS WARNING

* * * 

Earlier

Is the ceasefire over (again)?

Moments ago stocks hit session lows and oil jumped from post-war lows after the UAE issued a phone alert warning of potential missile strikes.

Iran's Tasnim promptly followed up, saying that according to news sources, there were explosions heard in Dubai.

And while the initial report sent futures to session lows...

... , and oil bounced...

... a subsequent report from UAE indicated that the situation is "currently safe" after a potential threat alert.

  • *UAE SAYS SITUATION CURRENTLY SAFE AFTER POTENTIAL THREAT ALERT

While it is unclear what may have prompted the escalation, especially since the UAE and Iran are now aggressively backchanneling, moments earlier the Iranian foreign ministry spokesman said that Iran's military capabilities guarantee its right to self-defense. And now we wait to see if more fireworks are coming. 

Tyler Durden Fri, 06/26/2026 - 09:27

Vance: Iran Agreed To Establish A Direct Line Between IRGC & US Military

Vance: Iran Agreed To Establish A Direct Line Between IRGC & US Military

Authored by Dave DeCamp via AntiWar.com,

Vice President JD Vance has said that during talks in Switzerland, Iranian officials agreed to establish a direct line of communication between Iran’s Islamic Revolutionary Guard Corps (IRGC) and the US military.

Vance told Sohrab Ahmari, the US editor for UnHerd, that one of the things the US wanted to "come out" of the talks with was a "channel on the Iranian side" for reducing conflict.

Reuters/Pool

"Which we did. They were like, 'OK, fine, we’ll send somebody from the IRGC to go hang out in Doha with somebody from CENTCOM,' and that’s how we’re going to settle a lot of these disputes," the US vice president said during an interview conducted aboard Air Force Two on the flight home from Switzerland.

Flare-ups between the US and Iran remain possible, as the US hasn't reduced its forces in the region and there appear to be differences between the two sides’ views on the situation in the Strait of Hormuz.

A direct communication channel between the two militaries, if implemented, could help de-escalate tensions after any flare-up to prevent the region from plunging back into full-scale war.

Vance also told Ahmari that Arab states like the US-Iran Memorandum of Understanding "because of the conversations they’re having with the Iranians."

"The Emiratis — by far the most hawkish, by far the most pro-Israel country in the [Gulf Cooperation Council] — they’re having conversations with the Iranians that have never happened before, including with the IRGC, about various types of economic incentives — ‘Here’s what we’d need to see to make your country investable’ — and the Iranians come back and say, ‘Okay, yeah, we’re willing to do all those things,'" Vance said.

The UAE had taken a much more offensive role in the US-Israeli war against Iran than the other Gulf Arab states, and as a result, it was pounded by Iranian missiles and drones.

While more hawkish than other regional countries, Abu Dhabi, like the other Gulf countries, would likely prefer a diplomatic solution to a return to full-scale war since it would likely involve an escalation of Iranian attacks on oil infrastructure in the region.

Tyler Durden Fri, 06/26/2026 - 09:20

Mamdani's Rent-Freeze Approved By NYC Guidelines Board

Mamdani's Rent-Freeze Approved By NYC Guidelines Board

The New York City Rent Guidelines Board voted 7–1 to freeze rents on about 1 million rent-stabilized apartments for up to two years, giving tenants a win on a central campaign promise from Mayor Zohran Mamdani while revealing tensions over the board’s independence.

The board set the annual increase at zero percent for both one-year and two-year leases starting in October. The affected apartments house roughly 2.5 million residents. The board’s 2025 study found the average monthly rent in regulated units was $1,599 last year, far below the $3,950 that listings agency StreetEasy said was the median for new market-rate leases citywide.

As Kimberley Hayek reports for The Epoch Times, the decision comes after the board’s usual review of wages, inflation, maintenance costs, taxes, and landlord incomes. Tenants at public hearings called for a freeze or outright reduction, citing stagnant pay and higher living costs. Landlord representatives argued that a zero percent increase would hurt building upkeep and mortgage payments. Some owners have offset losses by raising rents on unregulated apartments, the board was told.

Mamdani, who took office in January, appointed six of the nine board members. Hours ahead of the vote, landlord representative Christina Smyth, appointed by the prior mayor, resigned. She said the panel had been rebuilt to produce this outcome.

“This rebuilt board was required to deliver a rent freeze,” Smyth said. “Everything since has been theater.”

Board Chair Chantella Mitchell, a Mamdani appointee, maintained that the board and its staff served with full independence and integrity. The other landlord representative, Maksim Wynn, also a Mamdani appointee, drew boos from tenant advocates at the Manhattan proceedings but voted for the freeze. The crowd erupted with cheers and whistles when the outcome was announced.

Ann Korchak, board president of Small Property Owners of New York, called the vote a farce.

“Defunding rent-stabilized housing when the [Rent Guidelines Board’s] own data showed a 5.3 percent increase in operational costs and expenses is setting up already financially distressed small owners for failure, which plays into Mamdani’s sinister plan to illegally take private property and convert it into socialized housing,” she told The Epoch Times in an emailed statement.

Mamdani called the vote a breakthrough.

“This is a historic victory for New York City tenants,” he said in a statement. “This is the relief that working people across our city deserve.”

The action marks the first major delivery on Mamdani’s housing agenda. The democratic socialist mayor campaigned explicitly on freezing rents for regulated apartments and holds sole authority to appoint the Rent Guidelines Board’s members. In May, Mamdani unveiled a broader “Block by Block” housing plan that calls for building 200,000 new units over 10 years while preserving another 200,000 through subsidies or other measures, including potential property interventions.

Previous rent freezes under former Mayor Bill de Blasio covered only one-year leases. Thursday’s vote applies to both lease terms and follows weeks of hearings and a rally outside El Museo Del Barrio that drew hundreds of tenants.

The board’s action applies only to rent-stabilized units, primarily in pre-1974 buildings or those that received certain tax benefits. Market-rate apartments remain unaffected.

Mamdani, whose campaign promised to pursue affordability, moved into the mayor’s official residence after his election. Before that, he lived in a rent-regulated one-bedroom apartment in Queens.

Tyler Durden Fri, 06/26/2026 - 09:00

OpenAI Plans Delaying IPO Until 2027, Blames SpaceX

OpenAI Plans Delaying IPO Until 2027, Blames SpaceX

One month ago, during the height of the tokenmaxxing craze - when companies were spending ridiculous amounts of money, in many cases without knowing they were even doing so, just to test out the latest agentic craze - first OpenAI and then Anthropic rushed to announce they will follow in the footsteps of the SpaceX IPO, and were planning (or rather hoping) to go public in the next quarter or two. To validate its euphoric IPO dreams, Anthropic even trotted out a lafughable ARR of $47 billion, a number which besides being laughably incoherent and a non-GAAP mish-mash of adjustments and double counting, also took advantage of said tokenmaxxing frenzy.

Then following a furious blowback against said tokenmaxxing which has seen a collapse in agentic spending and an aggressive shift to much cheaper Chinese models, we said two weeks ago that we are eagerly awaiting Anthropic's new ARR, one which reflects the revulsion to Claude's stratospheric token costs.

And while we wait, Anthropic's biggest competitor, OpenAI - which unlike its peer has been far less vocal about its latest annualized revenue numbers - appears to have realized that going public at a time when agentic spending is suddenly in freefall (Goldman's best "efforts" to predict 120 quadrillion monthly tokens by 2030 notwithstanding) may not be the best idea, and according to the NYT is now leaning toward punting its IPO until next year in hopes that the AI bubble will be even bigger next year.

OpenIA's odds of a 2026 IPO promptly tumbled on Polymarket, and were last below 30% from over 50% before the report.

So what is going on, and how did OpenAI - which earlier this month said it had filed confidential paperwork with securities regulators to kick off the process for going public, but it did not commit publicly to any time window - frame the delay so it doesn't sounds like it rushed out its plans to IPO on a one-time bumper revenue burst, only to reverse them as the overpaid agentic euphoria has fizzled? 

Why blame Elon of course.

The NYT reports that when the ChatGPT maker hired bankers and lawyers with an eye toward IPOing as soon as the third or fourth quarter of this year, Sam Altman pushed those advisers to find a way for the start-up to be valued at $1 trillion, up from the company’s last private valuation of $730 billion. 

OpenAI’s advisers presented company executives with the option of waiting until 2027 to go public with a $1 trillion valuation, or lower the targeted valuation for a quicker IPO, which would be a disaster as the IPO would effectively admit that OpenAI can't keep up with the growth rate of Anthropic which a month ago raised $65 billion in a $965 billion private funding round. Altman responded that any change to the trillion-dollar valuation was a nonstarter.

But, the report goes on, "a cascade of recent developments has caused OpenAI’s executives to shift away from their most aggressive aspirations" and the primary scapegoat is Elon Musk’s, and specifically the performance of SpaceX after its I.P.O. this month. "It was the largest ever, raising more than $85 billion and reaching a valuation of $1.77 trillion on its debut. Since then, SpaceX’s stock has been on a downward slide, as shares slumped to $153 at the end of the trading day on Thursday after reaching a high of $202 last week."

Realizing it would look very stupid if it just blamed the very same company that prompted it to rush its IPO in the first place, the NYT also blamed global markets which "have also been choppy in recent weeks, with tech stocks dragging down indexes as investors question whether AI companies will live up to their sky-high promises."

Nowhere in this above is there a mention of the only thing that actually does matter to investors: the financials, and one can only imagine what is going on there after the early Q2 "tokenmaxxing" agentic burst which has now fizzled. OpenAI said this year that it was generating $2 billion in revenue each month but we are patiently waiting for an update now that the latest series of open Chinese models offer 95% of the US frontier performance for 10% of the price (as discussed in "Answering The "Trillion Dollar Question": Are China's AI Models A Better Value Than US Models"). 

It's not just China: OpenAI faces acute pressures at home too. Anthropic, which offers a Claude Code tool for creating sophisticated software code, has been far more successful in selling its service to enterprises (at least until the tokenmaxxing fiasco). At the same time, Google’s Gemini, the tech giant’s flagship consumer AI product, has become popular with users.

The NYT however is correct that OpenAI’s postponing its IPO plans - for whatever reason - will disappoint Wall Street and Silicon Valley, especially not if but when its main rival Anthropic, which has been in very hot water with the Trump admin for months, does the same. 

There's more.

Besides creating SpaceX strawmen, OpenAI is also grappling with other issues. Late last year, CFO Sarah Friar said it was not pursuing an I.P.O. at the time and was focusing on shoring up its finances. However, since then the company has done just the opposite as it has continued to pour money into data centers and computing power, with no indications of slowing down. 

Some OpenAI executives appeared to have changed their minds about an IPO just a few months after Friar said the company was not looking to go public. The Wall Street Journal reported that the company planned to go public by the end of 2026. That surprised some employees because they thought the company was not on a strong enough financial footing.

The company has also been spending like a drunken sailor on marketing and recruiting high-profile engineering talent from companies like Meta and Google. Realizing that it is losing market share to both Anthropic and Chinese open-sourced models, ChatGPT is also searching for other lines of revenue, including dabbling with placing ads inside ChatGPT and striking e-commerce deals with companies like Shopify and Stripe that would allow people to buy things from online stores directly inside ChatGPT.

The biggest problem facing OpenAI, however, is that growth has plateaued: after years of surging downloads of ChatGPT’s consumer app, those numbers have slowed and continue to hover around 900 million users, surprising investors who believed the company would easily hit one billion.

And the wildcard is now that the US government is actively throttling the latest frontier models over concerns they may hack sensitive government agencies, today the Information reported that OpenAI is releasing its latest GPT-5.6 model only as a limited preview to a small group of partners. The reason, according to Sam Altman: the U.S. government asked it to. Altman reportedly told staff that the government will be "approving access customer by customer" during the preview period, with a broader release potentially following a couple of weeks later. This comes after Anthropic took a similar path with Mythos, and after the White House forced Anthropic to withdraw Fable and Mythos over national security concerns. 

And now that the "uncorruptible" Trump admin is actively involved in picking winners and losers in the frontier model race, both OpenAI and Anthropic will watch their ARR collapse as most enterprise clients realize they will have better productivity gains by going with the latest Chinese models which, paradoxcially, are now easier to access in the US than domestic made versions. 

Tyler Durden Fri, 06/26/2026 - 07:25

Boiling Frog Nation

Boiling Frog Nation

Authored by Kevin Finn via AmericanThinker.com,

I almost feel sorry for leftists. Almost. But I don’t. The reason is simple: so much of what they say and do runs counter to the core principles on which this country was founded.

Over the years, I’ve challenged dozens of left-leaning friends and acquaintances to name the top ten things the political left has done in the last quarter-century to make America safer, stronger, more prosperous, or more united. I have yet to receive a substantive answer. One person offered a list that included ObamaCare and the 2015 Iran nuclear deal (JCPOA). A quick review shows that, like many Democrat initiatives, these created more problems than they solved.

What makes me almost pity the left is that most leftists I know personally are decent, pleasant people -- so long as the conversation stays light: weather, movies, or sports. Venture into politics or culture, however, and the discussion turns surreal, like chatting with the Mad Hatter.

These individuals consider themselves well-informed.

They read the daily papers, watch network news, and never miss 60 Minutes. They speak of Rachel Maddow as if she were a close friend and dismiss Fox News out of hand. Yet they’ve never heard of journalists like John Solomon nor outlets like the Epoch Times. It rarely occurs to them to seek out differing perspectives. “Garbage in, garbage out,” as the old saying goes.

Søren Kierkegaard observed that there are two ways to err: to believe what is not true, and to refuse to believe what is true. Leftists frequently demonstrate both. They linger on stories long after those stories have been debunked, while major developments that threaten our country and culture receive little or no attention.

Consider a recent example. Legacy media devoted intense coverage to algae growing in the reflecting pool on the National Mall in Washington, D.C.

One might think it was a national emergency. The reporting largely blamed the new blue liner and warm, shallow water. What it downplayed were the reports of vandalism that damaged the recently restored pool in the first place.

Meanwhile, far more consequential stories are ignored.

Tulsi Gabbard’s declassification of documents credibly alleging that Anthony Fauci’s agency helped fund the Wuhan lab, misled Congress about COVID-19’s origins, and overstated the effectiveness of vaccines, masks, lockdowns, and social distancing drew almost no mainstream coverage.

Conservatives have repeatedly labeled certain events “the scandal of our time,” only to watch legacy media minimize, distort, or bury them. The list is long: Benghazi, the Skolkovo technology transfer, Hillary Clinton’s emails, ObamaCare’s structural failures, the Russia collusion narrative, the surge of illegal immigration under Biden-Harris-Mayorkas policies, the murders of American citizens by illegal immigrants, the trafficking of hundreds of thousands of children, the rise of Islamism and socialism in American institutions, routine urban violence, questionable election irregularities, politically motivated prosecutions, and repeated calls for violence that have contributed to an emerging assassination culture.

These stories surface in conservative outlets, receive brief attention, then fade as the next crisis erupts. The public’s attention is constantly reset.

The kettle is simmering. The frog is growing restless.

In much of Western Europe and the United Kingdom, citizens have watched their cultural foundations erode with little effective resistance. America still has time to choose a different path.

True justice demands accountability. When the guilty face no consequences and the innocent continue to suffer, trust in institutions collapses. A nation cannot endure indefinitely if a large portion of its citizens -- perhaps a third to half -- work actively against its founding ideals.

The solution is not despair, but renewed commitment: to demand transparency, support independent journalism, engage in civil debate, and vote for leaders who uphold the Constitution and the rule of law.

Only by insisting on truth over narrative can we repair what has been damaged and secure a stronger future for the next generation.

Tyler Durden Fri, 06/26/2026 - 07:20

What's The Likelihood Of A NATO-Russian Clash Around 2030?

What's The Likelihood Of A NATO-Russian Clash Around 2030?

Authored by Andrew Korybko,

If Russia continues fighting this “war of attrition” for years to come instead of decisively ending it soon, then it’ll be more vulnerable than ever to the “cordon sanitaire’s” invasion threats around 2030, thus compelling it to either capitulate or resort to nuclear weapons in self-defense.

RT drew attention to Deputy Foreign Minister Alexander Grushko’s recent assessment that “we proceed from the premise that [NATO is] really preparing for a military clash with Russia somewhere around 2030.” This followed the National Defense Strategy declaring that “European NATO dwarfs Russia in economic scale, population, and, thus, latent military power”, but these resources must be properly managed in order to unleash their full potential. The US seeks to fulfill this management role for the EU.

Accordingly, it was concluded that “The EU Poses A Much More Credible Threat To Russia Than The Inverse”, which preceded former President and incumbent Deputy Chair of the Security Council Dmitry Medvedev warning about the 1941-like threat posed by Germany’s remilitarization. Earlier this month, former top Russian spy Andrey Bezrukov raised awareness of the “new war” that he believes that Russia is in and which might last decades, one primary goal thereof being to neutralize its nuclear capabilities.

Grushko’s assessment coincided with the start of Trump 2.0’s “war of attrition” against Russia, so taken in sequence, it’s arguably the case that the US hopes to atrophy Russia through Ukraine prior to the EU becoming powerful enough to threaten a then-weakened Russia with invasion. The “cordon sanitaire” that formed around Russia over the past year largely due to Trump 2.0’s Neo-Reagan Doctrine could also lead to Turkiye and/or Japan threatening the same in order to obtain maximum concessions from Russia

This US-organized geostrategic construct was built in the Arctic-Baltic through UK-led efforts, Central Europe through Polish-led efforts, along Russia’s entire southern periphery through Turkish-led efforts, and in Northeast Asia through Japanese-led efforts. If Russia’s nuclear capabilities are neutralized or severely degraded by that time, then it might be coerced into selling controlling stakes in its state natural resource companies to the West for pennies on the dollar, which is Trump 2.0’s grand strategic goal.

Given this goal and the modus operandi of first trying to achieve it through the incipient “war of attrition” against Russia before threatening the use of force by around 2030 if that fails, Russia’s urgent interests are as follows. It must swiftly end the Ukrainian Conflict on as many of its terms as possible in order to then focus on preparing for potentially impending clashes with the US-led “cordon sanitaire”. Remaining embroiled in the “war of attrition” will sap its strength and make it relatively weaker by then.

Between now and then, Russia must also employ creative means for breaking this “cordon sanitaire” or at the very least preventing it from extending to Kazakhstan, which could potentially involve prioritized intelligence operations against shadow NATO member Azerbaijan or even another special operation. In parallel, it might also leverage its influence with North Korea to embolden Kim Jong Un to carry out more missile and possibly nuclear tests, hoping to abruptly shift the US’ focus from Europe to the Asia-Pacific.

If Russia continues fighting this “war of attrition” for years to come instead of decisively ending it soon, then it’ll be more vulnerable to the “cordon sanitaire’s” invasion threats around 2030, thus compelling it to either capitulate or resort to nuclear weapons in self-defense. Neither scenario is favorable, but both would be due to Russia failing to restore deterrence by then. It’s therefore imperative to immediately restore deterrence, swiftly win the Ukrainian Conflict, and then break this new “cordon sanitaire”.

Tyler Durden Fri, 06/26/2026 - 06:30

US Forces Kill Senior ISIS Leader In Syria, After Large-Scale Troop Withdrawal

US Forces Kill Senior ISIS Leader In Syria, After Large-Scale Troop Withdrawal

The US military is still conducting attacks inside Syria, at a moment its close regional ally Israel is gobbling up territory in the south, and Golan region, with IDF ground forces holding territory within dozens of miles of Damascus.

"A senior Islamic State leader was killed by an airstrike last week, Central Command announced on Wednesday, as the region grapples with a fraught security landscape amid U.S. base closures in Syria and the escape of ISIS personnel from detainment," Defense News writes based on a fresh Wednesday Pentagon statement.

via Reuters

Hussein Al-Alawi has been identified as the target killed in northwestern Syria in the special forces operation.

"The attack is part of our continued efforts to disrupt terrorist activities and to target those who seek to plan attacks on the United States of America and its interests both domestically and internationally," CENTCOM stressed in its statement.

"The continued collaboration with the regional partners in the fight against the group," added the statement.

"CENTCOM and its partners remain committed to defeating the last remnants of ISIS and to guaranteeing its demise," stated Admiral Brad Cooper, US Central Command commander.

The over decade-long proxy war to oust Assad, which heavily involved the CIA and Gulf states, as well as Israel, has long been discussed as part of the 'pipeline wars' theme, and has for years been an open secret.

President Trump, who helped put new Syrian self-declared President Sharaa in power, and vouched for him when they first met in Saudi Arabia, is expected to attend the G7 summit.

But despite Damascus under Sharaa now being a willing puppet of Washington, economic relief for the war-ravaged Syrian population has remained illusory, as one Middle East outlet previously underscored:

Because Syria had been under crushing sanctions since the start of the 14-year war that began in 2011, many expected the economic situation to improve after Sharaa toppled former Syrian president Bashar al-Assad's government and western nations began easing sanctions.

However, “attracting foreign investment and restoring normal banking ties ⁠have ​proven slower and more difficult than ​many officials had hoped,” Reuters noted. More than 90 percent of Syrians live below the poverty line and have suffered from major increases in the price of fuel, electricity, and food in recent months.

All the while, looming large in the background is the fact that the Syrian government is now full of Sunni extremists, who have repeatedly targeted Alawites, Druze, and Christians for being "unbelievers". 

Thousands have died at the hands of ISIS-style Syrian government-linked military members, who have sought to cleanse the country of its ancient Christian and Alawite communities. 

Israeli officials have of late lumped Turkey and Syria into an 'axis' which threatens Israel and its interests in the region. Also, Washington has been putting pressure on Damascus to move against Hezbollah, and yet the reality remains that Syria's defenses have been largely obliterated - ironically enough through Israeli strikes in the wake of Assad's exit.

Tyler Durden Fri, 06/26/2026 - 05:45

Police Took 8 Minutes To Locate Henry Nowak's Fatal Stab Wound... Then Performed CPR Directly Over It

Police Took 8 Minutes To Locate Henry Nowak's Fatal Stab Wound... Then Performed CPR Directly Over It

Authored by Steve Watson via Modernity News,

The case of 18-year-old white British student Henry Nowak has delivered yet another layer of disturbing detail.

Officers from Hampshire and Isle of Wight Constabulary arrived at the Southampton scene roughly five to ten minutes after he was stabbed five times with a ceremonial knife. Henry remained conscious and spoke loudly at first. He told them he had been stabbed and could not breathe. They chose instead to believe the man who had just knifed him.

New evidence released this week shows it took those officers a full eight minutes to discover the fatal wound. During that time they lifted Henry, striking his head against a wall, and later began CPR. A female officer started compressions. According to the transcript and reports, officers performed chest compressions over his clothing and directly onto the area of the stab wound.

Bodycam footage shows officers dragging Henry across gravel, turning him, and forcefully pulling his arms behind his back to apply handcuffs. He lost consciousness within about three minutes of that restraint and was pronounced dead at 00:37 on 4 December 2025 after 51 minutes of resuscitation efforts.

A paediatric critical care specialist with battlefield medicine experience, Dr Krzysztof Magier, reviewed the footage and post-mortem report. He concluded there is a high probability that the police actions contributed to Henry's death.

The main source of bleeding was damage to the subclavian vein. Venous bleeding under low pressure often forms a natural clot that can slow or stop on its own. Forcefully twisting the arms behind the back and handcuffing likely stretched the vein, tore the forming clot, and triggered sudden massive internal haemorrhage.

Dr Magier stated: "I am convinced that if Henry had arrived there alive, the doctors would not have let him die." He added that paramedics arriving first could have given Henry a roughly 50% chance of survival through fluids, tranexamic acid to stabilise the clot, and other interventions. Southampton University Hospital, a major trauma centre, was only two to three minutes away by ambulance.

Serving and former Hampshire officers have now admitted that mandatory "Inclusion Matters" DEI training played a direct role in how they processed the incident. They described sessions that drummed in "white privilege" and "unconscious bias."

One officer said: "we had it drummed into us about our white privilege and unconscious bias." The outsourced trainer was described as "deeply hateful of white people and our culture." Officers feared career damage if they pushed back.

This ideological environment framed the white teenager as the likely aggressor and gave credence to the attacker's fabricated claim of racial abuse.

Vickrum Digwa, from a Sikh background, lied to police and his family reinforced the narrative on the 999 call, downplaying any knife involvement. Officers initially accepted the story. One was heard telling Henry: "Don't think you have mate."

An ex-police officer appearing on BBC Newsnight called the response "unfathomable." Basic procedure requires immediate medical assessment and priority for anyone reporting a stab wound and breathing difficulty - not restraint and dismissal. The BBC presenter appeared visibly surprised at the unsparing assessment.

Judge William Mousley KC noted the attending officer's "genuine shock" upon realising CPR was being given over a serious chest wound and suggested it showed officers "doing his best in a very difficult situation." The judge also observed that "sometimes, someone arrested and handcuffed will feign injury."

Dr Magier directly challenged that leniency: "I fear that the Judge and pathologist were too lenient towards the police."

A full jury inquest opens at Winchester Coroner's Court on 20 September 2027. It will examine whether any act or omission by police caused or contributed to the death.

The release of bodycam footage earlier this month triggered protests and disorder in Southampton. Henry's father, Mark Nowak, stated: "My son was dragged across gravel, handcuffed and called racist as he lay dying. Being read his rights was the last thing he heard."

Vickrum Digwa was jailed for life with a minimum of 21 years. His sentence has been referred to the Court of Appeal as potentially unduly lenient. Prior warnings about Digwa - including 2022 reports of him firing an illegal air pistol in his garden - were reportedly not acted upon effectively by police.

The pattern fits a broader picture of institutional capture. Training that elevates identity politics over impartial procedure produces exactly this outcome: a dying white teenager treated as a threat while his attacker's narrative receives deference.

Critics from across the spectrum have highlighted the double standard compared with other high-profile custody deaths that triggered institutional upheaval and global campaigns.

Henry's family has asked that his death not be used to sow further division. The facts, however, speak for themselves. When police training and culture elevate racial grievance narratives above the immediate duty to preserve life, the result is not justice - it is preventable tragedy.

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Tyler Durden Fri, 06/26/2026 - 03:30

Rome Rebukes Rutte: Italy Rejects Claim US Flew Iran War Missions From Its Bases

Rome Rebukes Rutte: Italy Rejects Claim US Flew Iran War Missions From Its Bases

It's no longer just a Trump-Meloni spat on the level of public rhetoric, but Italy is newly making clear that it is imposing real policy and limitations on the US, now clarifying that it had formally denied US use of its bases to strike Iran for past and future potential missions.

This has been a long time in coming, as Italy already clearly restricted at least some US use of its bases within the past months related to the Iran war, but now it is official.

On Thursday Italian Minister of Foreign Affairs Antonio Tajani reportedly told his Iranian counterpart by phone he firmly rejects NATO Secretary-General Mark Rutte's recent claims that US forces used Italian military bases in operations against Iran.

Tajani has insisted that Italian bases were never used for any kind of offensive strikes on the Islamic Republic. According to US military publication Stripes, "The Iranian foreign minister thanked Italy for the clarification and said a clear, formal denial was necessary."

via US Navy

Italy of course remains a member of NATO, and so the fact that Rome was responding to recent remark's of the organization's leader is glaring, and reveals a serious inter-NATO rift.

The NATO chief had been interviewed on Fox earlier this week, wherein he claimed that some 500 American military flights had taken off from bases in Italy in support of Operation Epic Fury. Italy's foreign ministry is firmly rejecting the claim.

In addition, the Italian Defense Ministry came out and said that Rutte "has nothing to do with Operation Epic Fury" - which might explain whey he's making "completely misleading" remarks.

"Italy only authorizes flights that are provided for by the treaties and totally exclude kinetic activities," said that Italian defense ministry statement.

It seems Italy is trying to appease both the Iranian and US sides at once, by trying to shroud its role in ambiguity and abstract definitions of terms: 

In a post analyzing how Italy’s bases were used to support the war, the site ItaMilRadar said this week that Navy MQ-4C Triton surveillance drones from Sigonella “conducted extensive intelligence and reconnaissance missions over the Persian Gulf area” before the Triton operations appeared to shift to Jordan in April. Navy P-8 Poseidon patrol aircraft operated from the base before and during the war, and several deployed to Djibouti to support U.S. naval forces in the Indian Ocean, according to the site.

Back in late March, as US-Israeli bombs were still being unleashed on Iran, a statement from PM Meloni’s office had also alluded to matters of procedure, stating that Italy is "acting in full compliance with existing international agreements"  - while underscoring that each request must be "carefully examined on a case-by-case basis, as has always been the case in the past."

Italian Defense Minister Guido Crosetto had also at the time confirmed that "some US bombers" were denied landing at Sigonella – one of seven US navy bases in Italy. The complaint is that the US didn't follow required permission protocol, and requested landing only while in the air and already en route to Sicily.

But the truth also is that American hegemonic action in the Middle East, and the Iran conflict in particular, remains deeply unpopular among the Italian population, which has long had a strongly anti-war bent especially among the youth.

The Guardian previously wrote, "The unpopularity of Trump in Italy has also started to erode the popularity of Meloni, who is ideologically in tune with the US president and has established good working relations with him." However, she's lately sought to distance her government from the war, having told parliament earlier this month there's a growing dangerous trend of interventions "outside the scope of international law."

Tyler Durden Fri, 06/26/2026 - 02:45

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