Individual Economists

Hero British Bus Driver Fired For Stopping Thief And Protecting Passenger

Zero Hedge -

Hero British Bus Driver Fired For Stopping Thief And Protecting Passenger

Authored by Steve Watson via Modernity.news,

In a nation where self-defense is apparently a fireable offense, Mark Hehir, a dedicated London bus driver, has been hailed as a hero by the public but sacked by his employer for daring to chase down a thief who snatched a passenger’s necklace.

This absurdity highlights how the UK’s bureaucratic overlords prioritize corporate protocols over actual justice, leaving ordinary citizens vulnerable to rampant crime while the establishment looks the other way.

Hehir’s act of bravery, which even the police deemed “proportionate and necessary,” has sparked petitions, fundraisers, and widespread fury online. But in today’s Britain, where globalist policies have eroded basic freedoms, punishing the good guys seems to be the new normal—echoing a broader decline that sees literal convicted terrorists eyeing political power while heroes like Hehir get the boot.

The incident unfolded on June 25, 2024, aboard the 206 bus route in northwest London. A man boarded, shoved past a female passenger, and ripped a necklace from her neck before fleeing. Hehir, 62, didn’t hesitate—he pursued the thief for about 200 meters, retrieved the jewelry after a scuffle, and returned it to the distressed woman.

But the story didn’t end there. The thief returned to the bus, allegedly to “apologize” according to Metroline, the bus company. Hehir insists the man threw the first punch, prompting him to retaliate in self-defense and restrain the assailant until police arrived. Both were arrested, but authorities quickly cleared Hehir, with a detective noting the force used was justified “in the defence of himself and the female passenger.”

Metroline saw it differently. They fired Hehir for gross misconduct, accusing him of assault, leaving the bus unattended, and bringing the company into disrepute. An employment tribunal upheld the decision, claiming it fell within a “band of reasonable responses” for an employer. Never mind that Hehir had put himself in harm’s way to protect others.

Public backlash has been swift and fierce. A petition demanding his reinstatement has garnered over 5,000 signatures, while thousands of pounds have been raised in support. On X, users decried the ruling as emblematic of “anarcho-tyranny,” where criminals roam free but citizens are penalized for stepping up.

The exact opposite happens in other countries:

Hehir himself called into LBC radio to set the record straight. “I’m the actual bus driver,” he told host Tom Swarbrick, explaining how the thief came back aggressive, not apologetic. “He went to throw a left punch and I met him with a right punch and clearly he went down.”

This case isn’t isolated. It fits a disturbing pattern in the UK, where the establishment’s obsession with “protocols” and political correctness tramples on individual rights. Under Labour’s watch, crime surges unchecked, fueled by open borders and soft-on-crime policies that echo the globalist agenda eroding Western societies.

Tie this to the latest outrage: a convicted terrorist running for office in the UK’s second city Birmingham. Shahid Butt, sentenced to five years in Yemen for plotting bombings against British targets and with a history of violent offenses in the UK, is now campaigning on a pro-Gaza platform in a Muslim-majority ward. He dismisses his conviction as a setup, but facts don’t lie.

Sharon Osbourne, widow of rock legend Ozzy, fired back on social media: “This has nothing to do with racism. I think I’m gonna move to Birmingham and put my name down for the ballot to be on the council. I’m serious.” Supporters cheered her on, with comments like “Please do, Sharon. Gosh, it’s just unbelievable that someone like him can stand. It’s just so demoralising. What is this country coming to?”

This juxtaposition is damning. While a bus driver gets sacked for defending a victim, a man with terrorist ties can vie for public office, backed by pro-Gaza activists. It’s the same system that welcomes extremists like Alaa Abd el-Fattah—who praised Osama bin Laden—while jailing Brits for social media posts criticizing immigration.

Such hypocrisy exposes the rot: a two-tier justice system where mass migration and woke ideologies prioritize outsiders over natives, stifling freedom and safety. Hehir’s sacking isn’t just a corporate blunder—it’s a symptom of a nation surrendering to chaos.

Brits deserve better than a government that handcuffs heroes while handing platforms to radicals.

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 Mon, 02/02/2026 - 03:30

How Arctic Ice Loss Is Reshaping Global Shipping

Zero Hedge -

How Arctic Ice Loss Is Reshaping Global Shipping

Not only does the Arctic hold significant oil and rare earth resources, thawing ice means that shipping routes can be reduced drastically.

Since 1980, the Arctic’s minimal ice extent, its smallest point, has shrunk by 39%.

At the same time, the Arctic is a strategic priority for Russia, both for freight transport and military security.

More recently, President Trump has argued that Greenland - a territory he has threatened to acquire - is critical to U.S. security.

This graphic, via Visual Capitalist's Dorothy Neufeld, shows how Arctic ice loss is redrawing shipping routes, based on data from multiple sources, including NASA, World Bank, NOAA, and ArcData.

The Rise of Arctic Shipping As Ice Thaws

Over the last decade, Arctic shipping has increased 37%, with 1,781 unique ships sailing a combined 12.7 million nautical miles in 2024.

Ship traffic is increasing as Arctic ice is thawing at a notable pace. For perspective, the loss in minimal ice extent between 1980 and 2025 is greater than the size of India’s land area.

Below, we show the annual minimum Arctic ice extent over the past several decades.

Among the region’s key shipping corridors are the Northern Sea Route and the Northwest Passage.

The Northern Sea Route, in particular, is central to Russia’s strategic ambitions.

In 2025, the first vessel completed a China–Europe transit along the route in roughly 20 days, covering 7,850 nautical miles.

By comparison, the southern route via the Suez Canal takes about 27 days and spans 11,167 nautical miles.

Looking ahead, the even shorter Transpolar Route—cutting directly across the North Pole—could become viable as early as 2059.

The Arctic is warming at roughly four times the global average, accelerating ice melt and extending navigable seasons.

If realized, the Transpolar Route would further reduce shipping distances and costs, while significantly increasing the Arctic’s geopolitical and economic importance.

To learn more about this topic, check out this map explainer on the territory of Greenland.

Tyler Durden Mon, 02/02/2026 - 02:45

"Energy Suicide": Slovak PM Fico To Sue After Brussels Issues Total Ban On Russian Gas

Zero Hedge -

"Energy Suicide": Slovak PM Fico To Sue After Brussels Issues Total Ban On Russian Gas

Via Remix News,

Slovakia is obliged to stop taking over Russian gas by Nov. 1, 2027, at the latest, and according to Slovak Prime Minister Robert Fico, the EU decision to ban all gas from member states amounts to “energy suicide.” As a result, Bratislava will file a lawsuit at the Court of Justice of the European Union (ECJ) against the newly adopted regulations.

On Monday, the Council of the European Union and the European Parliament formally adopted the new legislation on the gradual phase-out of Russian gas and oil imports. The move is part of the REPowerEU plan, which aims to become independent from Russian energy carriers.

Fico immediately criticized the move, calling it “energy suicide,” and said that “when the military conflict ends, everyone will be breaking their legs, rushing to go to Russia to do business.”

Fico announced that Slovakia will file a lawsuit against the adopted regulation at the Court of Justice of the European Union based in Luxembourg, writes Hlavnespravy.sk.

According to Fico, the country will argue that the regulation violates the principles of subsidiarity and proportionality.

He added that the Slovak Ministry of Justice, together with the portfolio responsible for foreign and European affairs, had prepared a “very professional document” and that they would be asking for the regulation to be declared contrary to the basic principles of the EU.

Fico also announced that Hungary, which voted against the legislation together with Slovakia, is also filing a lawsuit. It is not possible to file a joint action, but the argument is coordinated with the Hungarian side.

Fico says the war in Ukraine will be over by Nov. 1, 2027, “and everyone comes to their sense.” He believed that detaching from Russian energy in this way was suicide, and that not only he, but also German economists, politicians, and other EU politicians see it that way. According to his claim, the decision was made on a meaningless, ideological basis, due to hatred towards the Russian Federation.

Fico has long called for a ceasefire in the war, leading some to criticize his position in the conflict. However, his point about Russian energy has been echoed across the political spectrum in Europe, especially during a time when European nations feel threatened by the U.S.’s increasingly dominant position in supplying Europe’s energy needs. If the U.S. were to decide to curtail liquified natural gas (LNG) deliveries, for instance, it could be disastrous for Europe.

Fico also criticized the fact that the decree was adopted by a qualified majority. According to him, the European Commission has circumvented the principle of unanimity, which should be applied in the event of sanctions. The Slovak prime minister assessed this as a violation of the basic principles of the EU treaties. Increasingly, decisions on immigration, foreign policy, and a range of other issues are being taken by “qualified majority,” but since the EU cannot reach this, it is now violating the founding treaties to pass through its agenda.

He also warned that Slovakia could find itself in a situation where the energy carrier concerned would not be sufficient due to the regulation. As he puts it, “one dependency will be replaced by another”, and Europe will have to obtain even higher quantities of liquefied gas from the United States.

According to Fico, Slovakia has already suffered significant damage when the transit of Russian gas on the territory of the country stopped. According to him, this was caused by the decision of the Ukrainian president and meant a loss of up to €500 million per year due to the lack of transit fees.

As reported in Hungarian outlet Hirado.hu, the situation of European gas supply continues to deteriorate after the Arctic cold in the United States significantly reduced LNG production. Due to the extreme frosts, American gas production decreased by about 11 percent, and prices more than doubled, while domestic consumption increased sharply. There is fear that exports, including shipments to Europe, may also decline.

The European market is particularly vulnerable, as the filling of gas reservoirs has already fallen below 45 percent and is in danger of falling below 25 percent.

In Germany, reservoirs are already under 41 percent filled and incoming LNG is used immediately, which means that strategic reserves are barely formed. All of this means price increases are coming at a time when the EU is urging complete separation from Russian natural gas.

The development of the situation depends crucially on how long the extreme cold lasts in the United States and when LNG plants can return to normal operation.

Read more here...

Tyler Durden Mon, 02/02/2026 - 02:00

A Panicking Oracle Plans To Raise Up To $50 Billion, As Its Stock And Bonds Crater

Zero Hedge -

A Panicking Oracle Plans To Raise Up To $50 Billion, As Its Stock And Bonds Crater

Just over a month ago, on Dec 17, alongside the news that Abu Dhabi was set to invest billions in OpenAI thus preventing a year-end tech rout, we said that ORCL CDS - which on that day hit the widest level since the 2008 financial crisis at 156bps - "may have gone a bit too far"...

... and sure enough, for the next month or so, Oracle CDS tightened rather notably. However, we certainly did not expect the company to just sit there and do nothing, as the market started asking questions again about where the tens of billions in committed funding would come from. After all, we were the first to lay out back in November the case why Oracle CDS should be trading much wider than it was at the time (see "Oracle Is First AI Domino To Fall After Barclays Downgrades Its Debt To Sell.")

And since nothing changed, the questions started coming in once more. 

First, it was Morgan Stanley's analysts (here for pro subs) with a major cut to their ORCL price target. The reason: "GPUaaS is a sizable revenue opportunity, but our collaborative deep dive across the equity, credit and GVAT teams suggests the buildout will push EPS below targets and drive materially higher funding needs. Equity valuation appears to reflect this, while credit still looks rich."

Source

If that wasn't bad enough, in the same report the bank's credit analysts said that they "reiterate our recommendation to buy 5Y CDS protection. Our new funding and leverage forecasts, paired with technicals, limited financing plan transparency, and our prior IG situation comp analysis, all support a move toward ~200bp, in our view. In regards to the bonds, a common question from investors this year has been whether current levels are a good entry point. We do not think this is case. We actually present even wider spread targets (~200bp for 10Y vs. ~170-175bp presented pre-Thanksgiving, ~250bp for 30Y vs. ~220bp, still using a media/ cable comp set) and formally introduce sell recommendations on the 35s and 55s."

Source

And then it went from bad to worse for Oracle just three days later, when on Jan 26 TD Cowen's Michael Elias, published a report which crushed ORCL, not only sending its stock to a new 7 month lows, but pushing its CDS wll above the Dec 17 high.

That's because according to Elias, who certainly does not mince his words when it comes to criticism of Oracle, the company is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion. The job cuts would free up $8 billion to $10 billion in in much needed cash flow. Recall that according to Barclays, absent dramatic changes to its business, the company could run out of cash as soon as the end of 2026. Oracle is also weighing a sale of its health-care software unit, Cerner, which it acquired for $28.3 billion in 2022. 

Below we excerpt from Elias' note "Oracle: Ability To Procure Incremental U.S. Data Center Capacity Faces Challenges Amid Financing Struggles, Raising Questions On The Potential For Incremental U.S. RPO Growth", also available to pro subs.

In June 2025, we were the first to highlight via our channel checks Oracle's intention to procure ~5GW of data center capacity in support of OpenAI workloads, which proved accurate as Oracle in late 3Q25 leased ~5.2GW of U.S. data center capacity (which we highlighted in October) including: 1) 1.4GW in Shackleford, Texas, 2) 902MW (critical IT) in Port Washington, Wisconsin, 3) 1.0GW in Saline Township, Michigan, 4) 1.2GW in Doña Ana County, New Mexico, and 5) an incremental 672MW (critical IT) expansion in Abeline, Texas. Amidst the largest ramp in data center demand in history, there has been a material increase in the demand for frontend construction loans/project financing from private data center operators, particularly concentrated with Oracle given timing, leading to ~$58B of debt being raised for Oracle/OpenAI data center projects ($38B for Shackleford/Wisconsin and $20B for New Mexico) in a two-month period, with more behind it.

However, with Oracle to procure what our channel checks now indicate is ~3MM GPUs (and other IT gear) to support its existing OpenAI agreement, both equity and debt investors have raised questions regarding Oracle's ability to finance this buildout, as demonstrated by widening of Oracle's CDS spreads and pressure on Oracle's stock/bonds. Assuming a conservative $30MM/MW in IT fit out costs, the implied ~$156B capex requirement, coupled with separate questions on OpenAI's ability to fund its ~$1.4T in outstanding multi-year commitments, has led to multiple U.S. banks to pull back from lending to Oracle-linked data center projects. Furthermore, our channel checks indicate that multiple Oracle data center leases that were under negotiation with private operators struggled to secure financing, in turn preventing Oracle from securing the data center capacity via a lease. In cases where U.S. banks are still open to lending, our checks indicate that borrowing cost spreads for Oracle-linked data center projects have widened to Non-IG levels (i.e. now SOFR+300-450bps vs. SOFR+225-250bps in September).

As the borrowing costs for operators rise, the result has been a slowdown in +100MW U.S. Oracle data center leasing by private operators as the market digests the current Oracle financing requirements. Importantly, our channel checks indicate that banks in Asia are still willing to lend (at a slight premium relative to historical rates) to data center operators undertaking Oracle leases as these banks look to gain exposure to the AI sector, providing a path for international Oracle expansion in support of incremental RPO. However, the pullback in U.S. financing has raised questions regarding Oracle's ability continue growing its revenue (RPO) in the U.S. if it continues facing challenges securing U.S. data center capacity to support OCI customer contracts.

The punchline: amidst these surging capital requirements, which can no longer be met by US-based banks, TD's latest channel checks indicate that Oracle is now requiring 40% upfront customer deposits as it looks to mitigate the incremental capex requirement for incremental revenue (RPO) growth.

Furthermore, the channel checks indicate that Oracle is evaluating multiple paths forward to address financing questions including:

  1. a RIF of 20-30K employees which could drive ~$8-10B of incremental free cash flow,
  2. asset divestitures (potentially Cerner) which would allow Oracle to reduce its debt load,
  3. vendor financing
  4. Bring Your Own Chip (BYOC) which was highlighted as a potential on Oracle's latest earnings call

In the event of BYOC (which the TD channel checks confirm is a potential), TD questions if any existing Oracle/OpenAI contracts would need to be re-cut given the current $/GPU/hour pricing structure which includes the cost of the GPUs. In the interim, Elias writes that the near-term incremental demand needs of OpenAI have shifted to be fulfilled by Microsoft and to a lesser extent Amazon.

It's not just Morgan Stanley and TD: Sanchit Vir Gogia, chief analyst at Greyhound Research, said the banking divergence as a critical warning sign. “The difference in sentiment between US and Asian banks isn’t just a minor detail; it’s the first serious sign of financial friction in Oracle’s hyperscale ambitions,” he said. The $300 billion OpenAI deal may look impressive, he added, but “when you look closer, it’s built on backlog with no guaranteed revenue and massive capex requirements.”

Gogia argued that enterprises need to fundamentally rethink how they view Oracle cloud contracts. “CIOs need to treat Oracle’s cloud buildout not as a service agreement, but as a shared infrastructure risk,” he said. “If they can’t fund it, they can’t build it. And if they can’t build it, you can’t run your workloads.”

And all of this, of course, takes place against a background of historic cash incineration by Oracle and negative cash burn as far as the eye can see, making what until recently was unthinkably, all too possible. 

So with the company facing a creeping squeeze of corporate distress and junk bond spreads as sentiments turns apocalyptic, amid growing speculation it will be forced to lay off tens of thousands and liquidate its best assets, Oracle has predictably panicked, and on Sunday it unexpectedly announced plans to raise $45 billion to $50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity.

The company plans to raise half of the funds via equity-linked and common equity issuances, including mandatory convertible preferred securities and through an at-the-market equity program of as much as $20 billion, something will will certainly depress its stock for the foreseeable future as it sells stock on even the smallest of breakouts.  The rest of its funding target would be raised via a single issuance of bonds early in 2026. The company borrowed $18 billion in 2025 in what was one of the year’s largest corporate bond offerings. 

Of course, as noted above, if Oracle does not raise the money, it may very well find itself in a liquidity crisis or much worse, so all David Ellison is doing, is whatever the market said he should have done long ago.  

According to Bloomberg, Oracle is raising money to build additional capacity to meet the contracted demand from the company’s largest cloud customers, including Advanced Micro Devices, Meta Platforms, Nvidia, OpenAI, TikTok and xAI, the company said in a statement Sunday.

The announcement coincides with persistent fears about whether massive artificial intelligence-linked investments by tech companies such as Oracle will pay off. The company’s shares have fallen around 50% from its record price on Sept. 10, wiping out roughly $460 billion in market value. And the looming stock sales will lead to even bigger losses.

Developing AI data centers - without concurrently collecting cash from its clients - has pushed Oracle’s free cash flow negative, where it is expected to stay until 2030. As a result of its terribly structured deals, the company is on the hook for tens for billions of dollars in spending in the coming years, largely on semiconductors and leases.

Issuing equity would help send a message to the market that Oracle is serious about maintaining its investment-grade debt rating, wrote John DiFucci, an analyst at Guggenheim, in a January note.

“If Oracle can complete the raise successfully it will start digging itself out of the considerable hole it has found itself in,” said Gil Luria, an analyst at DA Davidson & Co.

Actually, even if Oracle can complete the raise, it still is facing massive funding shortfalls; and if it can't it could very well be lights out. 

Making matters worse, the debt market will not have an appetite for this much investment-grade debt from Oracle given its existing commitments and trading in its credit default swaps, Luria said. Issuing equity may also hurt the company’s stock price, which in turn will spill over into its bonds. 

Making this significant of an announcement on a Sunday afternoon is unusual for a mature company like Oracle. The timing, “could be the management team trying to stop the endless slide in the share price by trying to give investors some hope ahead of Monday’s open,” Luria said. Judging by where futures are trading, the company could not have picked a worse day for its announcement which will likely see the stock tumble double digits when it opens for trading. 

A key part of Oracle’s cloud investment is its contract with OpenAI, which has committed to spending about $300 billion to rent servers from Oracle. OpenAI is not profitable, adding to worries about the financial strains from huge capital expenditures without a clear timeline for meaningful returns. In fact, OpenAI has some $1.4 trillion in commitments to various other companies and if for some reason the company announces this money won't be forthcoming in time... well, just don't be stuck holding the world's biggest circle jerk bag. 

More in the full Morgan Stanley and TD Cowen notes available to pro subs.

Tyler Durden Sun, 02/01/2026 - 23:13

San Francisco Ends $5M-A-Year Program That Supplied Alcohol To Homeless Addicts

Zero Hedge -

San Francisco Ends $5M-A-Year Program That Supplied Alcohol To Homeless Addicts

Sigh. It's not parody. It's San Francisco. The city is shutting down a controversial program that used millions in taxpayer funds to provide alcohol to homeless residents struggling with addiction, according to the NY Post.

Mayor Daniel Lurie said the city will end the Managed Alcohol Program, which cost about $5 million each year and began during the COVID-19 pandemic.

“For years, San Francisco was spending $5 million a year to provide alcohol to people who were struggling with homelessness and addiction — it doesn’t make sense, and we’re ending it,” Lurie told The California Post.

The program was launched in April 2020, when the city placed unhoused residents in hotels during lockdowns. Medical staff supplied controlled amounts of beer and liquor to prevent dangerous withdrawal symptoms while stores and bars were closed. Although intended as a temporary measure, it continued for nearly six years.

During its operation, the program served only 55 people, translating to an average cost of roughly $454,000 per client.

Now, Lurie says the city has fully pulled its support.

“We have ended every city contract for that program,” he said.

Community Forward, the nonprofit that managed the initiative in recent years, confirmed that the city has terminated its funding. Financial records show the group received millions in public money, much of it spent on staff salaries.

San Francisco’s program was the first of its kind in the United States, modeled loosely on similar efforts in Canada. Unlike other harm-reduction policies, such as needle exchanges, MAP directly supplied alcohol to people already dependent on it.

Since taking office last year, Lurie has moved away from long-standing harm-reduction policies. He has also ended the distribution of drug-use equipment and pushed for stricter enforcement of street drug activity.

“Under my administration, we made San Francisco a recovery-first city and ended the practice of handing out fentanyl smoking supplies so people couldn’t kill themselves on our streets,” Lurie said.

“We have work to do, but we have transformed the city’s response, and we are breaking the cycles of addiction, homelessness and government failure that have let down San Franciscans for too long.”

Last year, he warned open-air drug markets that enforcement would increase.

“If you do drugs on our streets, you will be arrested,” Lurie said. “And instead of sending you back out in crisis, we will give you a chance to stabilize and enter recovery.”

The Post writes that recovery advocates welcomed the decision to end MAP. Tom Wolf, a former homeless addict who now works in outreach, said the program wasted public funds.

“They [were] wasting our money just paying people to keep using the drug that they’re hopelessly addicted to,” Wolf said.

He also criticized how harm reduction has evolved.

“Harm reduction itself is part of the overall social justice framework,” he said, adding that it has shifted from preventing disease to “supporting drug users.”

Steve Adami, head of the Salvation Army’s recovery-focused program in San Francisco, said the city is now rethinking decades of policy.

“Under Mayor Lurie, they have reassessed the outcomes of those models,” Adami said. “That we are a recovery-first city. He’s made a significant investment into abstinence-based and recovery-focused services.”

In May, Lurie signed the Recovery First Act, signaling a shift toward abstinence and treatment-based approaches.

Despite the changes, major challenges remain. San Francisco has limited detox capacity, with only about 68 beds for thousands of people who cycle through homelessness each year. Many residents seeking help still face long waits for treatment.

The end of the alcohol program reflects the mayor’s broader effort to reverse years of permissive policies as he tries to address addiction, homelessness, and the decline of the city’s downtown core.

Tyler Durden Sun, 02/01/2026 - 22:45

Isaacman: NASA Aims To Build 'Martian Outpost' On Mars With Nuclear Propulsion

Zero Hedge -

Isaacman: NASA Aims To Build 'Martian Outpost' On Mars With Nuclear Propulsion

Authored by T.J. Muscaro via The Epoch Times (emphasis ours),

NASA Administrator Jared Isaacman announced his agency’s commitment to developing a nuclear propulsion system for missions to Mars within the next three years.

NASA Administrator Jared Isaacman (L) speaks at a press conference at Kennedy Space Center, Florida, on Jan. 17, 2026. (T.J. Muscaro/The Epoch Times).

“Before the end of @POTUS‘ term, @NASA will lay the foundation of a ’transcontinental railroad' to Mars,” Isaacman wrote on X on Jan. 30. “By utilizing nuclear electric propulsion, our nation will have the tools necessary to establish a Martian outpost and maintain American superiority in deep space.”

The administrator shared a clip from a Jan. 30 appearance on Fox News in which he explained that while NASA continues its work to put boots back on the moon, it will also launch its first nuclear power and propulsion rocket by the end of President Donald Trump’s term.

“That’s going to essentially almost establish the transcontinental railroad to Mars,” he said. “It’s how you efficiently move lots of mass to Mars. So it’s not necessarily always the fastest way to get there, but it gives you the tools to build out potentially a Martian outpost, certainly to mine and refine propellant on Mars, which is what you’re going to need to bring your astronauts back home.”

He explained that America would have the capability to send astronauts to Mars, but the hard part was bringing them back. Nuclear power and propulsion solved that problem.

Meanwhile, Isaacman reaffirmed that the Artemis program would continue to push forward the goal of the president’s national space policy to not just land humans back on the moon, but to construct a lunar base in order to stay and fulfill its scientific, economic, and strategic potential.

That base, he said, will involve a nuclear power plant, as well as mining operations, and refining Helium 3, which is considered to be the best fuel for nuclear fusion reactors, and plan to do it before communist China’s plan to do so by 2030.

“The Chinese said they’re going to do it,” Isaacman said of a nuclear reactor on the moon, “We’re going to do it first.”

But all of these plans still start with the mission whose rocket stands at Launch Complex 39-B at Kennedy Space Center in Florida: Artemis II. That 10-day mission, which will carry humans around the moon for the first time since Apollo 17 in 1972, and could do so as early as Feb. 8, awaits the results of a crucial dress rehearsal of launch day conditions set for Feb. 2.

“America’s mission to the Moon won’t end with a handful of landings,” Isaacman said on X. ”We will undertake repeatable and affordable missions that expand our presence across the lunar surface, fulfilling a 35-year promise to the American taxpayer.”

Tyler Durden Sun, 02/01/2026 - 18:40

Isaacman: NASA Aims To Build 'Martian Outpost' On Mars With Nuclear Propulsion

Zero Hedge -

Isaacman: NASA Aims To Build 'Martian Outpost' On Mars With Nuclear Propulsion

Authored by T.J. Muscaro via The Epoch Times (emphasis ours),

NASA Administrator Jared Isaacman announced his agency’s commitment to developing a nuclear propulsion system for missions to Mars within the next three years.

NASA Administrator Jared Isaacman (L) speaks at a press conference at Kennedy Space Center, Florida, on Jan. 17, 2026. (T.J. Muscaro/The Epoch Times).

“Before the end of @POTUS‘ term, @NASA will lay the foundation of a ’transcontinental railroad' to Mars,” Isaacman wrote on X on Jan. 30. “By utilizing nuclear electric propulsion, our nation will have the tools necessary to establish a Martian outpost and maintain American superiority in deep space.”

The administrator shared a clip from a Jan. 30 appearance on Fox News in which he explained that while NASA continues its work to put boots back on the moon, it will also launch its first nuclear power and propulsion rocket by the end of President Donald Trump’s term.

“That’s going to essentially almost establish the transcontinental railroad to Mars,” he said. “It’s how you efficiently move lots of mass to Mars. So it’s not necessarily always the fastest way to get there, but it gives you the tools to build out potentially a Martian outpost, certainly to mine and refine propellant on Mars, which is what you’re going to need to bring your astronauts back home.”

He explained that America would have the capability to send astronauts to Mars, but the hard part was bringing them back. Nuclear power and propulsion solved that problem.

Meanwhile, Isaacman reaffirmed that the Artemis program would continue to push forward the goal of the president’s national space policy to not just land humans back on the moon, but to construct a lunar base in order to stay and fulfill its scientific, economic, and strategic potential.

That base, he said, will involve a nuclear power plant, as well as mining operations, and refining Helium 3, which is considered to be the best fuel for nuclear fusion reactors, and plan to do it before communist China’s plan to do so by 2030.

“The Chinese said they’re going to do it,” Isaacman said of a nuclear reactor on the moon, “We’re going to do it first.”

But all of these plans still start with the mission whose rocket stands at Launch Complex 39-B at Kennedy Space Center in Florida: Artemis II. That 10-day mission, which will carry humans around the moon for the first time since Apollo 17 in 1972, and could do so as early as Feb. 8, awaits the results of a crucial dress rehearsal of launch day conditions set for Feb. 2.

“America’s mission to the Moon won’t end with a handful of landings,” Isaacman said on X. ”We will undertake repeatable and affordable missions that expand our presence across the lunar surface, fulfilling a 35-year promise to the American taxpayer.”

Tyler Durden Sun, 02/01/2026 - 18:40

How Easy Is It To Open A Daycare In Minnesota?

Zero Hedge -

How Easy Is It To Open A Daycare In Minnesota?

Authored by Jacki Thrapp via The Epoch Times (emphasis ours),

Minnesota is facing heavy scrutiny after the Trump administration accused bad actors in the state of exploiting federal funds from child-focused programs for personal gain.

The Minneapolis skyline, on Jan. 11, 2026. John Fredricks/The Epoch Times

Attorney General Pam Bondi announced on Dec. 29, 2025, that 98 people—85 of Somali descent— were indicted in welfare fraud cases in the state.

Minnesota was home to the “largest COVID-19 fraud case” in America, as 78 defendants—72 of Somalian descent—were accused of pocketing $300 million to $400 million dollars of “Feeding Our Future” funds that were supposed to provide children free meals during the pandemic.

Abdiaziz Shafii Farah, the mastermind behind the “Feeding Our Future” scandal, was sentenced to 28 years in prison in August.

The Trump administration last month announced it would freeze $185 million in federal funds to Minnesota until the scandal-plagued state could prove that the money was being used properly.

Even though federal funds have temporarily dried up in the Land of 10,000 Lakes, prospective child care providers are still able to obtain child care licenses.

The Epoch Times investigated how to open a day care in Minnesota, with a focus on the Twin Cities, Minneapolis and Saint Paul, which have the highest concentration of Somali residents in the United States.

Licensing Applications

The State of Minnesota’s Department of Children, Youth, and Families manages licensing applications for child care centers and charges a nonrefundable fee of $500 to apply. Prospective small business owners can receive a license in approximately three to six months.

Aspiring providers have two routes to obtain a license: open a child care center or provide services at their own home.

An in-home day care license is hundreds of dollars cheaper and requires potential providers to go through their local county for a small fee. Some may even be eligible to receive a grant of $2,000 for startup costs.

Aspiring child care providers seeking licensure in Hennepin and Ramsey counties, which oversee applications in Minneapolis and St. Paul, have to pay a nonrefundable $50 application fee.

Before an application can be submitted, future business owners must first attend an orientation.

Ramsey County requires in-person orientation, which is offered once a month, whileHennepin County allows people to take a 30-minute online orientation and submit their application immediately. Hennepin County’s online orientation can be completed in four separate languages: Somali, Spanish, English and Hmong.

The orientation presentation  explains the “many benefits” provided to licensed providers, including food programs, eligibility for loans and grants, and small business tax benefits.At the end of the orientation, the county provides an email address to request the six-page Family Child Care Application Form. The document, which is not available to download, asks a series of questions relating to the applicant, which will be used to help conduct a background check.

Children watch television at ABC Learning Center in Minneapolis, Minn., on Dec. 31, 2025. AP Photo/Mark Vancleave Background Check

Hennepin County charges $49.10 for a background check per provider.

The background check form requires  applicants to list specific information about their living situation, such as who could be around children under their care, and add references.

The check does a deep dive into a person’s entire criminal record, which includes a juvenile record for people under the age of 28.

Additional checks include where the person has lived in the past five years and if they’ve received government benefits.

Training

Licensed providers must attend several hours of mandatory training before they are granted their license, according to requirements by the Minnesota Department of Children, Youth, and Families.

The mandatory training includes a six-hour course titled “Supervising for Safety for Family Child Care” and a four-hour course on child development and learning and behavior guidance. Other required training includes “Pediatric First Aid & Pediatric Cardiopulmonary Resuscitation,” “Reducing the Risk of Sudden Unexpected Infant Death,” “Reducing the Risk of Abusive Head Trauma,” and “Basic Education for Safe Travel” if transportation will be provided.

The classes are offered by the state and amount to $219 total, although some of the courses are free.

Additional adult caregivers must go through the same training, but people who identify as a “helper” are not required to do so.

Other courses are offered for providers who plan to take care of infants and children under school age.

Processing and Approval

The processing period can take up to half a year, depending on how many applications are going through the system and if an applicant makes mistakes on initial forms.

The Epoch Times contacted Hennepin County for information on how many applications were denied in 2025 and did not hear back by the time this report was published.

Once approved, the licensed provider attends a small group meeting on how to “prepare your home and begin your child care business,” including requirements for space, sleeping, equipment, and safety.

Grants

Minnesota offers training for providers seeking child care assistance funds and lets people apply through the state’s Provider Hub.

A licensed provider in Minnesota has access to the Provider Hub and is eligible to participate in the Child Care Assistance Program (CCAP), which uses federal funds to help low-income families pay for child care.

CCAP, which has 23,000 children enrolled in Minneapolis, uses federal money from the Child Care and Development Fund.

Child care providers apply for smaller grants, provided by the state, using the Child Care Aware Grants Program, which gives up to $1,000 for family child care and $2,500 to centers.

Applications for regional grants open once a year, but “soon-to-be licensed” providers can also apply for startup grants of up to $2,000 for family child care and $3,000 for child care centers.

Students from Little Scholars in New York City, on Dec. 11, 2025. Michael M. Santiago/Getty Images Funding Freeze

Due to widespread fraud allegations in Minnesota, not all grants are available.

The Trump administration announced on Dec. 30, 2025, that it was freezing child care funding in all 50 states after Minnesota day care centers run by Somali residents became the epicenter of alleged fraud scandals.

The freeze impacts the Child Care and Development Fund, Temporary Assistance for Needy Families, the Head Start program, and refugee assistance programs.

In 2025, the federal government provided nearly $2.4 billion to the Child Care and Development Fund, $7.35 billion to Temporary Assistance for Needy Families, and $869 million the Social Services Block Grant.

Minnesota received 7.7 percent ($184.9 million) of the money allocated to the Child Care and Development fund in 2025, according to data provided by the Office of the Administration for Children and Families.

The state received 3.5 percent ($262 million) of the funds from Temporary Assistance for Needy Families in 2025, according to the state’s budget.

“Funds will be released only when states prove they are being spent legitimately,” Health and Human Services (HHS) Deputy Secretary Jim O’Neill said during the announcement.

Controversies

Minnesota and its Somali population has received heavy criticism after allegations of widespread fraud surfaced in the state.

YouTuber Nick Shirley went viral after posting a video which featured a series of Somali-run day cares, seemingly empty, despite receiving federal funding.

The Epoch Times confirmed that Quality Learning Center, which was featured in Shirley’s video, closed shortly after a viral video showed its sign misspelled Learning as “Learing.”

The scandals led Minnesota Gov. Tim Walz to drop out of his bid for reelection on Jan. 5, even though he blamed the alleged fraud on “an organized group of criminals,” as opposed to the state’s oversight.

“Every minute I spend defending my own political interest would be a minute I can’t spend defending the people of Minnesota against the criminals who prey on our generosity and the cynics who prey on our differences,” Walz wrote in his announcement that ended his bid for a third term as governor.

Tyler Durden Sun, 02/01/2026 - 17:30

How Easy Is It To Open A Daycare In Minnesota?

Zero Hedge -

How Easy Is It To Open A Daycare In Minnesota?

Authored by Jacki Thrapp via The Epoch Times (emphasis ours),

Minnesota is facing heavy scrutiny after the Trump administration accused bad actors in the state of exploiting federal funds from child-focused programs for personal gain.

The Minneapolis skyline, on Jan. 11, 2026. John Fredricks/The Epoch Times

Attorney General Pam Bondi announced on Dec. 29, 2025, that 98 people—85 of Somali descent— were indicted in welfare fraud cases in the state.

Minnesota was home to the “largest COVID-19 fraud case” in America, as 78 defendants—72 of Somalian descent—were accused of pocketing $300 million to $400 million dollars of “Feeding Our Future” funds that were supposed to provide children free meals during the pandemic.

Abdiaziz Shafii Farah, the mastermind behind the “Feeding Our Future” scandal, was sentenced to 28 years in prison in August.

The Trump administration last month announced it would freeze $185 million in federal funds to Minnesota until the scandal-plagued state could prove that the money was being used properly.

Even though federal funds have temporarily dried up in the Land of 10,000 Lakes, prospective child care providers are still able to obtain child care licenses.

The Epoch Times investigated how to open a day care in Minnesota, with a focus on the Twin Cities, Minneapolis and Saint Paul, which have the highest concentration of Somali residents in the United States.

Licensing Applications

The State of Minnesota’s Department of Children, Youth, and Families manages licensing applications for child care centers and charges a nonrefundable fee of $500 to apply. Prospective small business owners can receive a license in approximately three to six months.

Aspiring providers have two routes to obtain a license: open a child care center or provide services at their own home.

An in-home day care license is hundreds of dollars cheaper and requires potential providers to go through their local county for a small fee. Some may even be eligible to receive a grant of $2,000 for startup costs.

Aspiring child care providers seeking licensure in Hennepin and Ramsey counties, which oversee applications in Minneapolis and St. Paul, have to pay a nonrefundable $50 application fee.

Before an application can be submitted, future business owners must first attend an orientation.

Ramsey County requires in-person orientation, which is offered once a month, whileHennepin County allows people to take a 30-minute online orientation and submit their application immediately. Hennepin County’s online orientation can be completed in four separate languages: Somali, Spanish, English and Hmong.

The orientation presentation  explains the “many benefits” provided to licensed providers, including food programs, eligibility for loans and grants, and small business tax benefits.At the end of the orientation, the county provides an email address to request the six-page Family Child Care Application Form. The document, which is not available to download, asks a series of questions relating to the applicant, which will be used to help conduct a background check.

Children watch television at ABC Learning Center in Minneapolis, Minn., on Dec. 31, 2025. AP Photo/Mark Vancleave Background Check

Hennepin County charges $49.10 for a background check per provider.

The background check form requires  applicants to list specific information about their living situation, such as who could be around children under their care, and add references.

The check does a deep dive into a person’s entire criminal record, which includes a juvenile record for people under the age of 28.

Additional checks include where the person has lived in the past five years and if they’ve received government benefits.

Training

Licensed providers must attend several hours of mandatory training before they are granted their license, according to requirements by the Minnesota Department of Children, Youth, and Families.

The mandatory training includes a six-hour course titled “Supervising for Safety for Family Child Care” and a four-hour course on child development and learning and behavior guidance. Other required training includes “Pediatric First Aid & Pediatric Cardiopulmonary Resuscitation,” “Reducing the Risk of Sudden Unexpected Infant Death,” “Reducing the Risk of Abusive Head Trauma,” and “Basic Education for Safe Travel” if transportation will be provided.

The classes are offered by the state and amount to $219 total, although some of the courses are free.

Additional adult caregivers must go through the same training, but people who identify as a “helper” are not required to do so.

Other courses are offered for providers who plan to take care of infants and children under school age.

Processing and Approval

The processing period can take up to half a year, depending on how many applications are going through the system and if an applicant makes mistakes on initial forms.

The Epoch Times contacted Hennepin County for information on how many applications were denied in 2025 and did not hear back by the time this report was published.

Once approved, the licensed provider attends a small group meeting on how to “prepare your home and begin your child care business,” including requirements for space, sleeping, equipment, and safety.

Grants

Minnesota offers training for providers seeking child care assistance funds and lets people apply through the state’s Provider Hub.

A licensed provider in Minnesota has access to the Provider Hub and is eligible to participate in the Child Care Assistance Program (CCAP), which uses federal funds to help low-income families pay for child care.

CCAP, which has 23,000 children enrolled in Minneapolis, uses federal money from the Child Care and Development Fund.

Child care providers apply for smaller grants, provided by the state, using the Child Care Aware Grants Program, which gives up to $1,000 for family child care and $2,500 to centers.

Applications for regional grants open once a year, but “soon-to-be licensed” providers can also apply for startup grants of up to $2,000 for family child care and $3,000 for child care centers.

Students from Little Scholars in New York City, on Dec. 11, 2025. Michael M. Santiago/Getty Images Funding Freeze

Due to widespread fraud allegations in Minnesota, not all grants are available.

The Trump administration announced on Dec. 30, 2025, that it was freezing child care funding in all 50 states after Minnesota day care centers run by Somali residents became the epicenter of alleged fraud scandals.

The freeze impacts the Child Care and Development Fund, Temporary Assistance for Needy Families, the Head Start program, and refugee assistance programs.

In 2025, the federal government provided nearly $2.4 billion to the Child Care and Development Fund, $7.35 billion to Temporary Assistance for Needy Families, and $869 million the Social Services Block Grant.

Minnesota received 7.7 percent ($184.9 million) of the money allocated to the Child Care and Development fund in 2025, according to data provided by the Office of the Administration for Children and Families.

The state received 3.5 percent ($262 million) of the funds from Temporary Assistance for Needy Families in 2025, according to the state’s budget.

“Funds will be released only when states prove they are being spent legitimately,” Health and Human Services (HHS) Deputy Secretary Jim O’Neill said during the announcement.

Controversies

Minnesota and its Somali population has received heavy criticism after allegations of widespread fraud surfaced in the state.

YouTuber Nick Shirley went viral after posting a video which featured a series of Somali-run day cares, seemingly empty, despite receiving federal funding.

The Epoch Times confirmed that Quality Learning Center, which was featured in Shirley’s video, closed shortly after a viral video showed its sign misspelled Learning as “Learing.”

The scandals led Minnesota Gov. Tim Walz to drop out of his bid for reelection on Jan. 5, even though he blamed the alleged fraud on “an organized group of criminals,” as opposed to the state’s oversight.

“Every minute I spend defending my own political interest would be a minute I can’t spend defending the people of Minnesota against the criminals who prey on our generosity and the cynics who prey on our differences,” Walz wrote in his announcement that ended his bid for a third term as governor.

Tyler Durden Sun, 02/01/2026 - 17:30

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