Individual Economists

10 Tuesday AM Reads

The Big Picture -

My TACO Tuesday morning train reads:

•  See How the Energy Crisis Is Spreading Across the World: A WSJ visual breakdown of how the latest energy crunch is rippling across electricity, gas, and oil markets — and which countries are bearing the brunt. (Wall Street Journal)

•  Farmers Are Pairing Solar Panels With Livestock — and the Results Are Turning Heads: An Oregon project running sheep underneath solar arrays is delivering gains for both the ranchers and the panels, adding to the case for “agrivoltaics” as a way to defuse rural opposition to utility-scale solar. (The Cool Downsee also Unfounded Health Concerns Are Powering a Solar Backlash: ProPublica on how fears about solar farms — most without scientific support — have driven a wave of local bans and permit fights across Michigan and beyond. (ProPublica)

It’s the Age of Electricity and America Isn’t Ready. Data centers and the power needs of artificial intelligence are actually a small part of a much bigger problem. Our grid is too old and our supply of electricity too small. If we don’t meet this moment, we will face an impoverished future of more expensive, less reliable energy, and slower economic growth. In a worst-case scenario, we could see Americans defect from the grid entirely, raising costs for everyone. Something needs to change now. (New York Times)

•  Robotaxis Are the New Millennial Lifestyle Subsidy: Waymo and the rest of the robotaxi field are still pricing rides well below cost — effectively turning urban millennials into the next generation of subsidized lifestyle-tech consumers, the same playbook Uber and Lyft ran a decade ago. (Sherwood)

•  Reading Palantir: Why the defense tech giant’s manifesto may signal panic inside the company: The more grandiose the manifesto, the shakier the underlying business. A close textual reading suggests Karp doth protest too much. The war tech firm is suffering from a lethal combo of stock price superinflation and midterms anxiety (Gazetteer)

They Dared to Leave Merrill Lynch. How These Top Advisors Became Wall Street Renegades. When a group of financial advisors quit to open their own firm, their departure sparked a wave of resignations at Merrill—and a marathon effort to win over clients and $129 billion in assets. (Barron’s)

‘Wagyu’ Used to Guarantee Quality Beef. What Are You Paying for Today? Behind the scenes, competing forces battle for the’ (New York Times)

•  US is being ‘humiliated’ by Iran’s leadership, says Friedrich Merz: Germany’s chancellor weighs in with rare bluntness on Trump’s Iran posture. The allies aren’t impressed, and Merz isn’t bothering to hide it. (The Guardian) see alsoTrump Seeks to Abolish Iran’s Atomic Stockpile, a Problem He Helped Create: The man who tore up the JCPOA now demands Iran dismantle the stockpile that grew because of it. A fitting policy ouroboros. (New York Times)

Can A.I. Determine Which Artist Made a Painting? This New Brushstroke Detection Tool May Have Solved a Mystery About El Greco. While debating the authorship of “The Baptism of Christ,” one of El Greco’s final works, art experts long relied on their own analysis of brushstrokes. A new study tapped artificial intelligence to peer at the paint at a microscopic level (Smithsonian Magazine)

Season From HeLLLLLLLLLLLL: Miserable Mets Can’t Stop Losing: After 12 straight defeats, surrender flags are out for the mega-payroll New York club. Obviously, it’s the mayor’s fault (Wall Street Journal)

Be sure to check out our Masters in Business interview this weekend with David Gardner, cofounder of The Motley Fool in 1993 (with his brother Tom Gardner). Originally launched as a print investment newsletter based on the idea that ordinary investors could beat Wall St., it gained traction when promoted on America Online (AOL) in 1994; it soon became a major presence on AOL and then Fool.com. His latest book is “Rule Breaker Investing: How to Pick the Best Stocks of the Future and Build Lasting Wealth.”

 

Despite a lot of fear mongering, over the past 3.5 years, the market has doubled

Source: @ryandetrick

 

Sign up for our reads-only mailing list here.

 

The post 10 Tuesday AM Reads appeared first on The Big Picture.

Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade

Zero Hedge -

Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade

Trump's blockade is having a predictable effect on Iran's economy and oil industry, with reports that the regime is scrambling to repurpose old and rusty tankers as floating storage.  Kharg Island is hitting capacity and the results could lead to disaster for Iran's oil wells. 

The regime is reportedly moving to expand crude storage at the island, where around 90% of their energy exports are processed, by reactivating a 30-year-old crude carrier called M/T Nasha.  It's a bad sign for Iran, indicating that the country’s main oil hub is nearing its onshore storage limit.  Maritime analysts say the vessel, which had been anchored empty for years, is being repositioned as floating storage to absorb crude that still has to move out of the system. 

But how much time will decommissioned tankers buy Iran?  Current estimates indicate Kharg Island has roughly 13 million barrels of spare onshore storage remaining at the terminal, while net inflows are running at about 1.0 million to 1.1 million barrels per day.  At that pace, storage could be filled in about 12 to 13 days, which places the saturation point in late April to early May if current flows hold.  A large tanker gives them another potential 2 million barrels of capacity.  In other words, not much. 

This data is a near match to JP Morgan's recent assessment that Iran has between 20 - 26 days of capacity (including emergency measures) before they hit the wall and are forced to shut down their oil fields. 

Trump's assertion on Sunday that Iran's oil infrastructure may "explode in three days" due to the blockade might be a bit optimistic, but with the threat of overcapacity it is likely that the Iranians will be forced to the negotiating table in the near term.

The regime's only other option is to divert the oil away from Kharg to the Jask Oil Terminal at Kooh Mobarak using the Goreh-Jask pipeline.  But this storage is limited and may already be full.

There are also limited reports that Iran is increasing "flaring" at wells to burn off excess.  To keep wells operating safely (avoiding sudden shutdowns that can cause permanent geological issues), operators are flaring off excess associated gas (and possibly some liquid byproducts) at a heightened rate.

If wells are forced to shut down due to lack of storage, this could cause permanent damage and render the wells unusable in the future.  Recovery is expensive and difficult. 

If the current data is accurate, then Iran has approximately two more weeks before their economy is destroyed.  Loss of $430 million per day in export revenues aside, permanent damage to their oil fields would result in a long term economic disaster. 

The danger of well shutdowns is probably the reason why the regime has offered new proposals every few days to open the Strait of Hormuz, though, they continue to call for a separate negotiation on their estimated 970 pounds of enriched Uranium stockpile. 

There is little incentive for Trump to lift the blockade at this time, given the amount of leverage he will have over the Iranian economy if he maintains restrictions on their oil exports for another two weeks.  The regime is trapped between a rock and a hard place, and will have to decide soon if their oil wells are more important to them than their Uranium.      

Tyler Durden Tue, 04/28/2026 - 05:45

12-Year-Old French Girl Collapses After Judge Releases Men Arrested For Gang Raping Her In Airbnb

Zero Hedge -

12-Year-Old French Girl Collapses After Judge Releases Men Arrested For Gang Raping Her In Airbnb

Via Remix News,

Two young men, both adults, suspected of gang rape in an Airbnb in the France’s Décines-Charpieu (Rhône), have been released from custody, shocking the family of one of the victims.

The victim’s lawyer, David Metaxas, spoke on behalf of the victim’s relatives, who told LyonMag that the judge’s decision was “incomprehensible.” Not only have both men been released to roam freely in the streets, but the judge did not even issue a restriction on contact with the victim, which means the two men could approach her once again.

Last week, the two men, aged 20 and 21, were arrested for the rape involving the 12-year-old, as well as a 16-year-old girl who had allegedly led the younger victim to the apartment. After reportedly exchanging messages with the two young men via Snapchat, the teen encouraged her younger friend to come with her to the Airbnb. Alcohol and drugs were allegedly consumed, with an excessive amount of hard liquor given to the 12-year-old.

Falling unconscious, the younger victim recounted waking up “lying on a bed covered in blood,” before realizing what had happened, recounts Lyon Mag. It was when she turned her phone back on that her mother was able to geolocate her, allowing the police to intervene. She is said to have run away from her home in Givors before the incident.

However, now the perpetrators are free. The family of the 12-year-old says her safety and innocence were tossed aside from the get-go, with police allegedly not even asking her to file a complaint initially.

“They were very poorly received, as if they were a nuisance,” said David Metaxas, the lawyer representing the 12-year-old. He pointed to a total lack of support and guidance, adding the very obvious and visible signs of rape suffered by the young girl.

“It is unacceptable that the form to file a complaint was not given to them by the police. It must be remembered that they were dealing with a young girl who had been deflowered, anally and orally penetrated, and who had wounds all over her body.”

Unfortunately, the 16-year-old girl and the accused men all stated that the girl was consenting. “Everyone agrees that she was consenting, or even that she was provoking, even though she is 12 years old and was completely drunk to the point of losing consciousness,” he said, adding that at the hearing, the girl was in an advanced state of shock.

“The lack of coercive measures concerning the suspects […] is incomprehensible,” stated Metaxas, the lawyer representing the 12-year-old, as quoted by LyonMag. He added that the court has failed to demand any judicial supervision or even a restraining order on the alleged perpetrators.  

“They can, if they wish, contact and visit the young girl whenever they want,”  he warns.  “Therefore, there is total incomprehension, not to mention anger, on the part of the family.”

As for the young victim, she allegedly collapsed in the lawyer’s office upon hearing of the decision and was taken to the hospital. “She is in a state of total shock. She couldn’t utter a single word in my office. The justice system needs to take charge of this case very quickly,” he stated.

Metaxas insists he will not let the matter be and will be asking the public prosecutor that “a specialized service be put in charge of the investigation with the implementation of coercive measures to ensure the safety of this minor.”

The two men are still under investigation.

Read more here...

Tyler Durden Tue, 04/28/2026 - 05:00

Pentagon Investigates Mystery Fire At UK Base Used For Bombing Iran

Zero Hedge -

Pentagon Investigates Mystery Fire At UK Base Used For Bombing Iran

The US Air Force has reportedly opened an investigation into a fire that broke out over the weekend at RAF Fairford in the UK. Crucially, it is a key US-allied base hosting a US bomber unit carrying out strikes on Iran as part of Trump's Operation Epic Fury.

The fire started early Sunday inside an "old or disused building" at the airbase, a UK defense ministry spokesperson has said. The Pentagon is investigating alongside local partners: "An investigation has been initiated and is ongoing. More information will be released as it becomes available," a statement said.

source: The Telegraph

No injuries have been reported and officials said the blaze was quickly continued, with no further threat posed to the base and surrounding community. But it was clearly very large at one point, video evidence shows.

The US was permitted starting in March to use the base for Iran-related operations. The Telegraph describes further of the fire:

Several crews were deployed to the incident at RAF Fairford in the early hours of Sunday morning.

Footage taken overnight appears to show smoke billowing from what is claimed to be the base’s commissary, a shop that provides food and equipment. Other pictures from the scene show that the building’s roof collapsed as firefighters brought the blaze under control.

Authorities are suspicious there may have been some kind of act of sabotage at the base, given widespread local opposition to its us by American forces to bomb Iran.

There's also been chatter of Irani-linked 'terror cells' in Europe. According to more from The Telegraph:

While some welcomed the arrival, there had been protests against the decision, with around 200 people gathered at the base on Saturday. Protesters held signs that read “No war on Iran”, “US out of British bases” and “Stop Trump’s deadly wars”.

The use of RAF Fairford halves the time US bombers need to spend in the air. Sir Keir Starmer’s decision to allow US troops to use the base prevented what would have been a 37-hour round trip from Missouri to Iran.

RAF Fairford remains among the few European bases capable of supporting long-range US bombers such as the B-52 and B-2, and thus is an important staging and logistics hub for the Pentagon.

Tensions have of late been strained between the US and UK over the Iran war, with PM Starmer dealing with a lot of domestic opposition, and Trump at the same time pressuring him to do more alongside the US in Iran and the Hormuz Strait.

If the fire was indeed arson, European authorities will likely look at the potential that it could have been Russia-linked, given widespread allegations of Moscow-backed sabotage operations in Europe and the UK, throughout the Ukraine war.

Tyler Durden Tue, 04/28/2026 - 04:15

NATO Minus US: European Militaries Won't Add Up To Deter Russia

Zero Hedge -

NATO Minus US: European Militaries Won't Add Up To Deter Russia

Authored by John Haughey via The Epoch Times (emphasis ours),

The North Atlantic Treaty Organization’s European nations would need to bolster standing militaries by at least 300,000 troops and significantly boost defense spending beyond 3.5 percent of gross domestic product - at least 250 billion euros - while reviving and integrating their industrial base to defend themselves against Russia without the United States.

And they’d need to do that fast, according to a 2025 joint analysis by European think tanks Bruegel and the Kiel Institute for World Economy.

They warn that even with 80,000 American soldiers and airmen stationed on 30 bases on the continent—and the United States’ capacity to rapidly deploy forces—Moscow will test NATO’s resolve “within three to 10 years.”

The once-inconceivable prospect of the United States withdrawing from NATO is now a possibility. President Donald Trump—never a fan of the 32-nation coalition the Pentagon has spearheaded since 1949—has called for a “very serious examining” of the alliance, after its members failed to respond to his appeal to assist in the Iran war or join the U.S. Navy’s Arabian Sea blockade of Iranian shipping. 

Trump has vowed Europeans could face a “reckoning” without American leadership and support. Such a departure would require unlikely congressional approval, but the president’s statements are sparking discussion on both sides of the Atlantic about a restructuring of the alliance that would require Europeans to shoulder more of NATO’s burden.

As widely reported, European allies are actively discussing and preparing for a “NATO minus U.S.” scenario. The idea originated in response to Trump’s demand for Europeans to bulk up support for Ukraine in fighting off Russia’s invasion, his threats to seize Greenland from Denmark, and his characterization of member states as “cowards” unlikely to uphold NATO’s commitments.

While Americans have questioned NATO’s post-Cold War resolve since former President Barack Obama’s administration, Europeans in turn have questioned Trump’s reliability in meeting treaty obligations. 

In response to Trump’s demand that NATO allies commit 5 percent of GDP to defense, members agreed during the alliance’s 2025 summit to commit 3.5 percent to their militaries—roughly matching the percent of GDP the U.S. spends on its armed forces—and 1.5 percent for infrastructure improvements, such as cybersecurity, crisis response, and adapting roads, rail lines, bridges, and ports to military needs.

Ukraine’s Prime Minister Denys Shmyhal (L) and NATO Secretary General Mark Rutte address the audience during a press statement at the NATO headquarters in Brussels on Oct. 15, 2025. Prodding by the United States to be more self-reliant in continental defense was already an urgency in most European capitals after Russia’s February 2022 invasion of Ukraine. Nicolas Tucat/AFP via Getty Images Muscle and Money

The Bruegel/Kiel Institute analysis documents Europe’s armies have a combined force of about 1.5 million troops. In order to withstand a hypothetical Russian invasion, a European-only force would need 300,000 more infantry soldiers, or roughly 50 more brigades, than it had in 2025. It would need a minimum of 1,400 tanks, 2,000 infantry fighting vehicles, and 700 artillery pieces with more than 1 million 155 mm shells—the minimum for three months of combat, the Bruegel/Kiel Institute analysis states. 

That boost in manpower and armaments would exceed the current French, German, Italian, and British forces combined.

And that’s just ground forces.

To match Russian war-footing military production—even with Ukraine attrition—a Europe-only military would need collective arms procurement, common armaments, unified logistics, and integrated military units. Such an army would need to replace stationed U.S. forces and rotational deployments within the 65-mile Suwalki Corridor between Poland and Lithuania, while also establishing bases in Moldova and Romania.

These are but a few of the challenges a “NATO minus the U.S.” would face, military analysts and international relations scholars told The Epoch Times. And as Europeans by necessity assumed a more robust posture on the continent, American forces would need to compensate for the loss of specialties and skills brought by their European allies.

French soldiers dismantle a drone during the Dynamic Front 26 exercise in Cincu, Romania, on Feb. 9, 2026. In response to Trump’s demand that NATO allies commit 5 percent of GDP to defense, members agreed during its 2025 summit to commit 3.5 percent to their militaries and 1.5 percent for infrastructure improvements. Andrei Pungovschi/Getty Images

Non-U.S. NATO forces are well-trained and have some highly competent defense manufacturing industries,” said University of Miami professor of politics June Teufel Dreyer, a senior Foreign Policy Research Institute fellow and former U.S.–China Economic and Security Review commissioner. 

European giants such as Thales and Leonardo would “surely be attracted by the idea of more indigenous investment,” Dreyer said. But, she added, European defense contractors “also know the funds they need aren’t guaranteed” without orders from the U.S. military to, for instance, annually build 2,000 “long-range loitering munitions”—drones—to match Russia’s numbers.

The French and the Germans build highly thought of diesel-electric submarines; Sweden produces great fighter planes,” Dreyer said.

But from a nuclear deterrent perspective, a U.S. departure from NATO is problematic. Dreyer pointed to British Prime Minister Keir Starmer’s June 2025 announcement that Britain would buy at least 12 U.S.-made F-35s to “enhance the interoperability of NATO defense” in its nuclear posture, since these jets would be the UK’s only nuclear deterrent beyond its submarine force. The stealth fighter is the first to carry both conventional and nuclear weapons.

U.S. and European allies’ coordination in defense procurement and production “saves money and the R&D costs for the most advanced weapons,” she said, noting while the projected cost for the sixth-generation F-47 is $4.4 billion, but it is a shared NATO expense.

U.S. Air Force Chief of Staff Gen. David Allvin speaks alongside President Donald Trump in the Oval Office on March 21, 2025. Trump announced F-47, a sixth-generation fighter intended to replace the F-22 Raptor, for the Next Generation Air Dominance program. Anna Moneymaker/Getty Images Specialties and Skills

If NATO ties are severed, the United States will no longer benefit from what retired Navy captain and Epoch Times contributor Carl Schuster calls “amazing capabilities that may prove essential in any conflict.” Those capabilities include aircraft and ship design, special ops, and regional know-how such as mountain operations capabilities and Arctic warfare expertise. 

However, many European military assets are aging, and it was only after Russia’s invasion of Ukraine—and Trump’s threats to pull the United States from the alliance—that leaders showed urgency to address the deficiencies, Schuster said.

He expressed doubts about Spain—which has refused to let the United States use bases on its mainland to attack Iran—and Turkey. 

Spain has rejected any idea of its ground and air forces being committed to combat outside Spanish territory,“ he said. ”So their contribution to NATO defense is more statistical than real.”

Turkey has the alliance’s largest ground force, yet its “willingness to contribute to the defense of Greece, Bulgaria, and Eastern Europe” may be questionable, he said.

Middle East Forum Director Gregg Roman also questioned Turkey’s NATO commitment, in a September 2025 column in The Epoch Times, calling for “an urgent compartmentalization assessment” after Turkey made overtures to China and Iran during the Shanghai Cooperation Organization (SCO) summit. 

“Six months later,” he said in April, “that assessment is non-optional. You know, thinking about everything [NATO] is trying to put together—joint air missile defense planning—with an ally like Turkey that is functionally aligned with Iran and the [SCO] bloc that we’re opposing, they can’t be trusted."

Read the rest here...

Tyler Durden Tue, 04/28/2026 - 03:30

Zelensky Charges Russia With 'Nuclear Terrorism' On 40th Chernobyl Anniversary

Zero Hedge -

Zelensky Charges Russia With 'Nuclear Terrorism' On 40th Chernobyl Anniversary

President Volodymyr Zelensky led Ukraine in a Sunday ceremony marking the 40th anniversary of the Chernobyl nuclear disaster, and used the occasion to call on the international community to take decisive action against what he called ongoing Russian "nuclear terrorism".

There were various candlelight remembrance ceremonies in cities across Ukraine, and in the capital. Later echoing the statement on Telegram, Zelensky alleged the the Chernobyl site's the New Safe Confinement structure - built with support from more than 40 countries - is under direct threat from Moscow’s aggression.

IAEA/X

The 1986 explosion and Chernobyl core meltdown is widely considered to be among the largest man-made disasters in human history. Zelensky has been hyping that another could be around the corner given Moscow's latest actions.

"Russian-Iranian Shahed drones constantly fly over the station, and one of them hit the confinement last year," Zelensky said, warning that another disaster could be imminent. 

"The world must not allow this nuclear terrorism to continue, and the best way is to force Russia to stop its reckless attacks," he then emphasized.

He described that protecting the Chernobyl site serves global interests and that the only way to guarantee safety is to force Russia to "stop its mad attacks."

The warning followed a major aerial assault on Saturday in which Russia launched over 660 missiles and drones at Ukraine, targeting cities and areas nationwide, including strikes on civilian infrastructure in Dnipro and Kharkiv.

Various international organizations say extreme danger for disaster persists, but Rosatom insists it has safety under control:

The head of the International Atomic Energy Agency (IAEA), Rafael Grossi, and Moldovan President Maia Sandu joined the commemorative events.

Commenting on damage to the shell, which the environmental group Greenpeace says raises the risk of a radioactive leak, Grossi said that "repairs should start as soon as possible and that leaving the situation as it is now is problematic."

Any repairs to the massive metal outer structure, which may potentially take up to four years, are virtually impossible due to Russia's invasion, according to Greenpeace.

Russia's nuclear agency Rosatom, the successor of the Soviet atomic energy ministry, which managed the facility, said: "To remember Chernobyl means to remember the people who bore the brunt of the disaster, and to take that experience into account in every decision we make today, to prevent a similar catastrophe."

There was a very alarming 2025 incident where an explosive drone hit the protective containment shell of the defunct Chernobyl plant. However, emergency crews were able to make it to the impact site on the immense roof and make repairs. Both the Ukrainian and Russian sides pointed the finger at the other for that attack.

Given that Chernobyl is a name that has captured popular imagination for decades since the apocalyptic historic disaster left the vicinity basically a radiation death zone, it could present the perfect false flag opportunity for anyone wishing to prolong and escalate the war - and nuclear officials have been keenly aware of this possibility.

Tyler Durden Tue, 04/28/2026 - 02:45

Orbán Vs Magyar: Did The EU Get Played?

Zero Hedge -

Orbán Vs Magyar: Did The EU Get Played?

Authored by Arthur Schaper via American Greatness,

Viktor Orbán, the valiant populist, the restorer of the Christian faith in Hungary, the welcome thorn in the side of the EU establishment, and the strong ally of President Trump since his first bid for office, has lost his own re-election bid. I had a feeling it would come to this.

Sixteen years of uninterrupted administration as a strong force for conservative, right-wing nationalist populism have come to an end, at least with Orbán as the head of it.

Sometimes, voters have a strange fatigue when it comes to governments. Fourteen years of a “conservative” UK government ushered in the Labour Party in 2024. However, fatigue doesn’t explain Orbán’s crushing loss.

What set that off?

Corruption charges and the argument that his administration had looked the other way when sex abuse scandals broke out at a local school.

Economics reared its ugly head, as well, since the EU was cutting off its funding. Orbán’s supposed lack of judicial reforms, as well as his uniform check on EU policy, frustrated Brussels.

Orbán faced a crisis election, and inviting US VP JD Vance to campaign on his behalf didn’t help.

Why would Hungarian voters care what a foreign politician thinks? This desperate move only exacerbated how out of touch the Orbán government had become. Critics also saw him as too close to Russian “president” Vladimir Putin and unhelpful in resolving the Russo-Ukrainian war. The EU had been waiting for this opportunity: an unpopular Orbán facing electoral collapse.

They were salivating for a post-Orbán Hungary, one that would stop its Christian restorationism, welcome more LGBT promotion, tolerate more spending, and open its borders.

Would the Orbán replacement accomplish their scheme?

His challenger, Péter Magyar, was trained and prepped as an Orbán acolyte.

In 2024, he broke from his party, but not over core policy. Magyar (whose name means “Hungarian,” for what it’s worth) campaigned to end corruption and restore good government in Hungary. He campaigned to the right of Orbán, calling for an end to importing cheap labor into the country. He campaigned on cracking down harder on immigration—illegal and mass—than the incumbent.

His message, if anyone was listening, wasn’t pro-EU. He was still asking the question: “What about us Hungarians?”

Supporters of the cultural restoration Right thought that Orbán was not getting the job done. Was he failing?

April 12, 2026, Magyar’s Tisza Party swept the elections: supermajority status, up to 140 out of 199 seats. Orbán won 56 seats, and another far-right party won the rest.

Sure, EU progressive elites celebrate Orbán’s loss, as did Barack Obama and George Soros. They view the downfall of Orbán as a harbinger for the end of Republican hegemony in Washington later this year.

Yet look again at the results of the Hungarian parliamentary elections. I mentioned three parties that won seats: three right-wing parties. Not one left-wing or centrist element came to power or won seats. A minimum threshold of five percent in the election results is required for a party to place. The left was shut out of the Hungarian Parliament.

The Right Wing won Hungary. Orbán may have lost his premiership, but Orbánism is standing strong.

This election focused on personalities, not principles.

Magyar is just as socially conservative as Orbán. He has already pledged to end the foreign permit workers. He wants to give Hungarians in other countries a chance to come back to their own country and thrive again. That’s about as “Hungary First” as it gets!

Magyar has already stated that he will not support fast-tracking Ukraine’s membership into the EU. Huge move for ending the Russo-Ukrainian war!

He announced a diversification plan for energy. Instead of relying predominantly on Russia, he wants to draw oil from the South and the West, as well. This sounds like real economic freedom for Hungary. National populism is great, but it must face economic realities. Too many right-wing populist governments are shoveling out money to voters for school supplies, raising families, and pensions. Where is the money supposed to come from? More taxes?! From whom?

Right-wing socialism is still . . . socialism, and Orbán had a problem here.

Eventually, the government runs out of others’ money, or inflation bites whatever purchasing power the government intended for the people. Inflation and tariff pressures weighed down Orbán’s reelection chances.

Orbán’s Hungary was still not the perfect social conservative paradise for other reasons. Prostitution is still legalAbortion is also still legal. While countries need to encourage their native populations to bear children, that vision will collapse in the face of easy sex and no responsibility. Cultural norms need reinforcement, with no tolerance for deviance.

Orbán and his party imposed vaccine passports and health mandates during COVID. How is this good for the working public? Where is the freedom? Too much state-sponsored anything is bad for a country.

Even now, Hungarians cannot own a gun without passing strict government demands. Czechia made self-defense a right, and in Switzerland everyone owns a gun (though it’s registered with the state).

Throughout his tenure, Orbán strengthened ties with China, joining the deceptive Belt and Road initiative. He even allowed Chinese police to operate in his country! American citizens voiced righteous outrage when the local press exposed former New York City mayor Eric Adams for allowing a CCP-run police station in the Big Apple. Yet no one on the Right complained about Orbán allowing CCP Hungary? That’s wrong.

There’s room for improvement, and Magyar has the opportunity to exceed Orbán’s victories while correcting his mistakes.

He is already doubling down on stopping mass migration!

He is committed to putting all Hungarians first, and he is fighting for the rights of ethnic Hungarians in other countries.

Magyar must revive and restore Hungary’s economy. One can hope he will place his country in a better position to profit without dependence and root out undue Chinese influence.

In a media masterstroke, he appeared on state television to discuss his plans for the country. Without missing a beat, he dressed down the reporter interviewing him, castigating the news organization for not allowing him on their program over the last year and a half. He then scolded them for lying about him and his family.

Then came the coup de grace: he announced his government plan to cut their funding and shut them down. Hungary needs honest independent media, he said, not government-funded agitprop that would inspire envy in Joseph Goebbels or North Korea.

He is not hostile to Putin, but he will not engage him aggressively either: sounds a lot like Trump!

He will not participate in the EU migration pact. He is keeping up the border fences, but he has also pledged to find a way for the EU to release the funds that the country needs, too.

He is making inroads with his Slavic neighbors, including the more populist, nationalist leaders in Slovakia and Czechia.

Magyar reminds me of Florida Governor Ron DeSantis. He isn’t just talking the national populist talk. He is walking the walk, and he is sprinting ahead with major reforms.

Orbán was T-800. Magyar may well be T-1000, and the EU Left is going to find that he will be worse for their globalist, leftist, secularist agenda.

Tyler Durden Tue, 04/28/2026 - 02:00

America: Land Of The (Not Really) Free

Zero Hedge -

America: Land Of The (Not Really) Free

Authored by Ron Paul via the Ron Paul Institute,

Two weeks ago, President Donald Trump commemorated income tax payments being due by having DoorDash deliver food from McDonald’s to the White House. The delivery was intended to highlight the first year of tax-free tips. Removing tax on tips was part of the 2025 Big Beautiful Bill (BBB).

As the sponsor of the first No Tax on Tips legislation introduced in Congress, I was obviously pleased to see this change in tax laws included in the BBB. The bill also included other good tax changes such as removing tax on overtime and extending the 2017 tax cuts. Unfortunately, the bill also increased federal spending and debt.

Supporters of the income tax implicitly endorse the idea that our rights are gifts from government and, thus, can be revoked by government at the will of our rulers. Adoption of the income tax signified the abandonment of the belief that individuals have inalienable rights granted them by the Creator.

Therefore, those who believe in natural rights must reject income taxation. It is also a violation of the people’s rights when the central bank reduces the value of the dollar, and thus the people’s purchasing power, via the hidden inflation tax.

The income tax system’s rejection of natural rights is exemplified by withholding that gives government first claim on an individual’s earnings. The government then may return, via what it calls a refund, some of what was taken. However, a normal refund is when a business returns a customer’s payment because the customer is dissatisfied with the good or service he received, not when a thief returns some of what the thief stole.

Withholding was implemented during World War Two as a “temporary” wartime measure. Yet, it is still with us decades later.

Milton Friedman, as a young economist, played a role in the US government’s development of withholding. Of course, Friedman went on to become a leading advocate for free markets. He also redeemed himself for his work on withholding by becoming a prominent advocate for ending the military draft.

The draft is the worst example of how the government has rejected the principles of the Declaration of Independence. The draft gives government power to force young men (and possibly young women) to join the military and kill or be killed in a war. Contrary to the beliefs of some progressives, support for the draft is not justified by allowing individuals to choose between serving in the military or performing some other form of mandated “service.”

While the US does not have a military draft, the infrastructure for the draft remains in place via Selective Service registration. A provision in this year ‘s National Defense Authorization Act (NDAA) allows Selective Service to automatically register all men between the ages of 18 and 25. This makes it easier than ever for government to reinstate a draft.

Income taxes, along with the military draft and other types of mandated “service,” are incompatible with a free society and should be opposed by all who value liberty and peace. As Ronald Reagan said in a statement that could be modified to apply to income taxes, the draft “rests on the assumption that your kids belong to the state…. That assumption isn’t a new one. The Nazis thought it was a great idea.”

Tyler Durden Mon, 04/27/2026 - 23:25

OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid

Zero Hedge -

OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid

Earlier today, when previewing this week's earnings by the Mag 7 which account for over $10 trillion in market cap set to report Q1 results after the close on Wednesday, Goldman's Delta-One head Rich Privorotsky said that "Equities are being driven by one thing…AI spend", and warned that "it's hard not to respect the strength of the AI bid, but the velocity has been extreme. The upside surprise vs expectations has almost entirely come from AI spend…it’s the whole game." 

Not only is the whole game, it is the one thing that has prevented the market from collapsing into the Iran war's stagflationary black hole, with "oil/product prices is sucking the oxygen out of the room...Europe underperforming, dispersion extreme." 

But none of that matters as long as capex recipients, i.e., chip and semi stocks, keep surging on hopes and expectations that the LLMs and hyperscalers will keep pumping them full of cash day after day, for the unforeseeable future, which they have so far: recall that at the end of Q4, full-year capex estimates soared to a mindblowing $740 billion among just 6 hyperscalers (a number which is expected to rise to almost $1 trillion in 2027).

And at top of this trickle-down monetary waterfall is none other than Sam Altman's OpenAi, generously peeing money into the overeager mouths of hyperscalers around the globe, having built up staggering purchase commitments to the tune of $1.5 trillion because there will never be enough compute. 

Maybe Sam's right: perhaps there truly is an insatiable need for compute (unless of course one uses Chinese LLMs and/or RAM chips, both of which have a fraction of the hardware demands of the latest and greatest US technology). 

The problem arises when one asks if OpenAI will ever be enough revenue to satisfy these astronomic commitments. 

For much of the past year, that has been the core thesis behind countless AI bear cases: now that even Michael Hartnett openly calls tech a "bubble", the question is not if but when, to which the bulls have calmly countered that as long as the drunken-sailor at the helm of OpenAi keeps spending at the rate he has been, the "when" isn't coming any time soon.

It now appears, however, that the "when" may have come much sooner than most thought. 

According to the WSJ, OpenAI has recently missed its own targets for both new users and revenue, stumbles that have raised concern among some company leaders about whether it will be able to support its massive spending on data centers.

One of them is the company's finance chief: CFO Sarah Friar told other company leaders that she is worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough. In other words, that $1.5 trillion OpenAI had pledged to spend on various data centers, GPUs and memory chips... you can kiss all that goodbye.

Of course, none of this will come as a surprise to anyone familiar with Sam's mercurial style of capital allocation. As a reminder, when OpenAi made its $1.5 trillion flurry of deal announcements last fall, a few things were missing, among them how it plans to fund them, details of the bulk of the financial terms, and any mention of who was providing independent, clear-eyed advice on these complex mega transactions. The reason for that, as the FT reported at the time, is OpenAI still doesn’t know exactly how it will fund them, the terms mostly don’t exist, and advisers were overwhelmingly shunned.

In fact, we learned last October, Sam Altman came up with the “bold vision” himself and leaned heavily on a small number of lieutenants to flesh out the details and push the deals through with little involvement of bankers or lawyers.

One of the brilliant side quests completed by Altman during this period of epic obfuscation (and unprecedented wealth generation by Sam for himself from a "non-profit" thanks to nothing more than promises) was unleashing the AI circle jerk, pardon, circular financing concept, where one company would "invest" in its customer, only to see that money flow back to its through the income statement but not before lifting its PE by several turns; this process would be repeated countless of times lifting all AI valuations substantially even if no actual revenue or cash flow was created. Eventually, virtually every company in the AI sector was wrapped up in such circular structures that tied together suppliers, investors and customers (see "The Stunning Math Behind The AI Vendor Financing "Circle Jerk".")

Yet promises (and lies) can only go so far, and even the loftiest of grand schemes are eventually brought to the ground when the revenue fails to materialize. As it has for OpenAi.

As a result, the company's board of directors have started to closely examine the company’s data-center deals in recent months and questioned Sam Altman’s efforts to secure even more computing power despite the business slowdown, the WSJ reported.

The spending scrutiny is constraining Altman’s once-boundless ambitions ahead of a potential IPO that could take place by the end of the year (he desperately wants to go public before his former employee and arch nemesis, Dario Amodei takes Anthropic public).

Friar and other executives are now seeking to control costs and instill more discipline in the business, at times putting them at odds with their CEO; this may very well mean that the money spigot that has pumped hundreds of billions in capex promises is about to be shut as well, leaving the entire AI ecosystem in a Wile E Coyote moment, suspended in the air off the cliff, just before gravity kicks in.

In a desperate attempt to keep reality as far away as possible, the two heads of OpenAI had no choice but to deny there was any trouble in paradAIs: “We are totally aligned on buying as much compute as we can and working hard on it together every day,” Altman and Friar said in a joint statement. Any suggestion that the pair are divided or pulling back on securing new computing resources is “ridiculous,” they said. 

Well, of course they would: the alternative would be an immediate collapse of OpenAI's valuation as revenue growth suddenly collapses, and takes the entire AI bubble with it.

Still, with OpenAI having difficulty to generate even 2% of its spending commitments in the form of revenue (ignoring that the company will likely never be profitable), denials may be all OpenAI has left. 

For years, Altman has sought to lock up as much data-center capacity as possible, arguing that computing shortages were the biggest constraint to OpenAI’s growth. As noted above, Sam went on a "dealmaking" spree last year that put OpenAI on the hook for some $1.5 trillion in future spending commitments, and tied much of the tech sector’s success to OpenAI’s.

In other words, if OpenAI goes down, it will take the entire AI sector with it. And since AI is now 40% of the S&P500... you get the picture (if you don't, reread the comments above from Goldman's Delta One head).

Not that anyone can blame Sam for thinking he would get away with it: for a long time, he did. His “buy everything” computing strategy was buoyed by ChatGPT’s seemingly invincible success, and had the support of both Friar and the board. But the chatbot’s growth slowed toward the end of last year, especially as Claude starting stealing clients, sowing fresh doubt among company leaders about the approach.

What followed next was the first domino to fall: OpenAI missed an internal goal of reaching one billion weekly active users for ChatGPT by the end of last year, according to people familiar with the goals. The company still hasn’t announced that milestone, unnerving some investors the WSJ reports. It also missed its yearly revenue target for ChatGPT as well after Google’s Gemini saw massive growth late last year and ate into OpenAI’s market share. Worst of all, for the industry where there are still almost no switching costs, the company has also struggled with defection rates among subscribers, according to WSJ sources.

Things went from bad to worse in 2026 when OpenAI missed multiple monthly revenue targets earlier this year after losing ground to Anthropic in the coding and enterprise markets, people familiar with its finances said.

OpenAI recently raised $122 billion in what was the largest funding round in Silicon Valley history, putting it on more solid financial footing. But to get there, the company signed up for so much computing power that it expects to burn through that amount in the next three years, and that's assuming that it meets ambitious revenue targets. Some of the funding is also conditional and depends on specific agreements with partners (and may explain why Microsoft, which knows the company's business best of all, dramatically revised its agreement with OpenAI earlier today).  

To streamline costs, OpenAi recently cut non-core projects such as its video-generation app Sora. OpenAI also recently released GPT-5.5, a powerful model that topped a number of industry benchmarks. Then again, in an industry where the frontier jumps every 2-3 months, the latest model will be obsolete by July. 

Meanwhile, a blowback from within the user base is emerging: a number of AI companies including Anthropic have faced a capacity crunch for computing in recent weeks, leading to price increases for access to AI processors, outages and rationing. The challenges have rankled power users of AI products, especially coders who have grown frustrated when AI systems have been unable to finish tasks in a way they had come to expect from past use.

In a recent memo to investors, OpenAI said that it has been able to secure more computing capacity than Anthropic, giving it an advantage in reaching users. The memo, which was viewed by The Wall Street Journal, also addressed Anthropic CEO Dario Amodei’s veiled criticism of OpenAI at a recent business conference, when he said some companies had pulled “the risk dial too far” on data-center spending. 

“In hindsight, that caution looks less like discipline and more like underestimating how fast demand would arrive,” the OpenAI memo said. 

It would be extremely ironic is Anthropic's "caution" proves correct in the end, and OpenAI is forced to cancel its contracts as it simply does not have the money (but not before Masa Son implodes).

In recent months, Friar has also expressed reservations about OpenAI’s plans to go public by the end of this year, according to people familiar with the matter.  She has emphasized to executives and board directors the need for OpenAI to improve its internal controls, cautioning that the company isn’t yet ready to meet the rigorous reporting standards required of a public company. Altman, who has favored a more aggressive timeline for an IPO.

OpenAI has to work through a slate of other issues ahead of a public listing. The company is currently experiencing a leadership vacuum after its second-in-command, Fidji Simo, unexpectedly took medical leave earlier this month.

But the knockout blow for OpenAi could, ironically, come from the person who funded the company in the first place back when it was still an "Open" non-profit. Court proceedings began today in a lawsuit by Elon Musk in which he is seeking to oust Altman and unwind OpenAI’s conversion into a for-profit company. Should Musk prevail, OpenAI may or may not survive, but Sam Altman will have no choice but to move on to his next scam. 

Tyler Durden Mon, 04/27/2026 - 22:51

"Racial-Profiling" Or Race-Baiting? Tom Steyer's Illiterate Take On English Proficiency

Zero Hedge -

"Racial-Profiling" Or Race-Baiting? Tom Steyer's Illiterate Take On English Proficiency

Authored by Jonathan Turley,

If you go to NASCAR to watch the cars crash, the Democratic gubernatorial race in California has been a thrilling pile-up.

The recent debate saw all the Democratic candidates play the race card over a curious issue. When asked if they supported the move to rescind at least 17,000 commercial driver’s licenses to illegal aliens, every single Democrat declared the policy racist. The candidates also pledged to support truckers who cannot speak or read English.

When Sheriff Chad Bianco, a Republican candidate, said that being able to read English (and particularly English signs) should be mandatory, Porter lectured the Hispanic sheriff on racism, saying that his support for English proficiency by truckers disqualified him from being governor of California.

Not to be outdone, Democratic candidate Tom Steyer declared that requiring truck drivers to be able to read English is “racial profiling.”

Steyer, a billionaire, has been funding his own campaign with almost $120 million and has tried to capture the far-left supporters of Swalwell. In so doing, he has increasingly looked like Howard Hughes with better-trimmed nails.

Steyer grabbed Swalwell’s platform of pledging to arrest ICE officers and take punitive measures against them. He cannot fulfill that pledge, and the Ninth Circuit recently shot down the flagrantly unconstitutional California law seeking to dictate the conduct or appearances of federal officers. The law was supported by Gov. Gavin Newsom and all of the Democratic candidates.

Steyer’s claim that English proficiency rules are “racial profiling” is more Looney Tunes than law.

Racial profiling occurs when a person’s racial appearance alone is grounds for reasonable suspicion for a stop or search. English proficiency requirements are race-neutral conditions to ensure basic safety in the operation of large trucks. We have seen several fatal cases involving undocumented persons who could not read or speak English proficiently.

Even the use of apparent race or ethnicity is allowed when part of a totality of circumstances or observations by law enforcement. Last year, the Supreme Court stayed a racial profiling case from California on that ground, in favor of law enforcement, in a 6-3 decision in Noem v. Vasquez-Perdomo.

If requiring English proficiency is racial profiling, a wide array of jobs in the United States are the products of racism, including airplane pilotsair traffic controllersU.S. militaryastronautsmechanics, and baseball umpires. Even the European Space Agency has required English proficiency.

By Steyer’s standard, he may also be the product of a racial profiling system. In order to appear on the ballot, Steyer certified that he is a U.S. citizen. To be a U.S. citizen, you must be proficient in English. Thus, a candidate must certify that he is both a citizen and English-proficient. He can then go on a stage and call such requirements racial profiling without any basis in the law.

Ironically, Steyer made much of his money managing Farallon Capital Management, which profited from owning private prisons and, in the case of Corrections Corporation of America (CCA), actually runs one of the largest ICE facilities. Now called CoreCivicthe company requires not only U.S. citizenship but also English proficiency.

As with the pledges to arrest ICE officers and dictate how they conduct their operations, the racial profiling claim is knowingly misleading and unfounded. It is designed to pander to the far left by suggesting that requiring basic English skills of large-truck operators is somehow unlawful or unconstitutional.

The only thing that Steyer proved, again, is that there are sadly few requirements to run for governor of California beyond a large fortune and little shame.

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

Tyler Durden Mon, 04/27/2026 - 22:35

Kim Jong Un Opens Museum Commemorating Troops Killed Fighting For Russia, Blasts US 'Hegemony'

Zero Hedge -

Kim Jong Un Opens Museum Commemorating Troops Killed Fighting For Russia, Blasts US 'Hegemony'

North Korea has continued its surprising level of public acknowledgement of troop deaths in the Russia-Ukraine war, where it has maintained some 10,000 or more troops in support of Moscow. Starting last summer North Korea began issuing footage of coffins of slain DPRK troops being flown into Pyongyang, with Kim Jong Un in attendance.

Now the 'pariah' nation long hated by Washington is taking publicizing its Russia operation a big step further, having newly opened a memorial museum in Pyongyang for its soldiers killed in the conflict

KCNA via AFP

What is called the Memorial Museum of Combat Feats at the Overseas Military Operations has been formally opened in an inaugural ceremony on Sunday. The occasion fell on the one-year anniversary of the two countries having liberated Russia’s Kursk border region from a Ukrainian incursion.

State-run Korean Central News Agency (KCNA) confirmed that Kim Jong Un attended the event along with senior Russian officials, including State Duma Chairman Vyacheslav Volodin and Defense Minister Andrei Belousov.

South Korea’s intelligence agency some  2,000 North Korean troops have been killed in the operation, out of some 15,000 total; however, neither Moscow nor Pyongyang have issued any official figures.

In a speech by Kim during the ceremony, he declared that the fallen troops would remain "a symbol of the Korean people’s heroism" and would support "a victorious march by the Korean and Russian people."

He also as expected lashed out at the United States for imperialist wars, charging that Washington and its allies are pursuing a "hegemonic plot and military adventurism" on the Russia-Ukraine front.

Back in April, President Putin released a statement saying, "The Russian people will never forget the heroism of the Korean special forces. We will always honor the Korean heroes who gave their lives for Russia and for our shared freedom, alongside their brothers-in-arms from the Russian Federation."

KCNA via AFP

Eventually, Pyongyang will want Russia to return the favor as part of the two countries' deepened defense pact. There's always the potential for renewed conflict on the Korean peninsula - and potential presence of Russia troops in the north would certainly complicate things, also given the permanent American bases in South Korea.

Ukraine has meanwhile long bitterly complained about the foreign contingencies helping Russia, and in previously claimed that North Korea could send up to 30,000 - though there's been little evidence of such a high figure.

Tyler Durden Mon, 04/27/2026 - 22:10

SEC Issues Warning For US Investors On Phishing, Smishing, & Vishing Scams

Zero Hedge -

SEC Issues Warning For US Investors On Phishing, Smishing, & Vishing Scams

Authored by Naveen Athrappully via The Epoch Times,

The U.S. Securities and Exchange Commission (SEC) warned investors recently that fraudsters use phishing, smishing, and vishing scams to attempt to compromise their financial, investment, or personal accounts.

“Phishing, smishing, and vishing are types of scams where a fraudster tries to trick you into providing sensitive personal or financial information by posing as an entity you know or trust, such as an investment firm, bank, or some other personal service that you use,” the SEC said in an April 23 alert.

Once a malicious actor gets the personal information of a target, such as social security numbers, bank account numbers, ATM PINs, and driver’s licenses, they can use this to access the target’s accounts

“The main difference between these ‘-ishing’ scams is the method the fraudster uses to try to steal your information or carry out other attacks.”

Phishing involves the use of email to contact a target, tricking them into providing personal or financial information. This is done by urging the target to reply to the mail, clicking on a link to a website mimicking a legitimate platform, or opening an attachment, which downloads malware into their systems.

Fraudsters can use names of real people, companies, or government agencies to make the message sound authentic. The email address they use may contain the name of a company or government agency. The emails could also contain official-looking fine print, legal references, along with graphics and logos.

Such emails typically invoke urgency to solicit information. For instance, the hackers may claim the target’s bank account or other types of accounts will be closed if it’s not updated with certain information. Some fraudsters can claim problems with account or payment information, while others entice through monetary schemes such as prize money.

Smishing and vishing are similar to phishing. Smishing involves fraud via texts or direct messages, while vishing involves the fraudsters contacting targets via phone calls.

In its 2025 Internet Crime Report, the FBI listed phishing as a major financial crime type for the year.

The agency’s Internet Crime Complaint Center (IC3) received more than 1 million complaints in total from people who were defrauded out of their money.

Last year, phishing/spoofing was the top crime type reported to IC3, which received 191,561 complaints. Phishing and spoofing resulted in more than $215 million in losses to the complainants.

In the recent alert, the SEC said that its efforts to warn investors about phishing, smishing, and vishing were in accordance with a March 6 executive order signed by President Donald Trump, “Combating Cybercrime, Fraud, and Predatory Schemes Against American Citizens.”

The order defined cybercrime and predatory schemes as activities involving phishing scams, ransomware and malware attacks, sextortion, financial fraud, and impersonation. It called on officials to determine how regulatory, operational, technical, and diplomatic tools can be improved to counter transnational criminal organizations behind cybercrimes.

In a March 6 Fact Sheet, the White House said, “In 2024, American consumers reported losing more than $12.5 billion to cyber-enabled fraud, with seniors on average losing the most.”

“[Seventy-three] percent of U.S. adults have experienced some kind of online scam or attack, and 87 percent of seniors view online scams and attacks as a major problem.”

Protecting Accounts

In another April 23 alert, the SEC advised people to protect their online investment accounts from fraud by using strong passwords, changing passwords regularly, using two-step verification, turning on account alerts, adding biometric safeguards, and avoiding using public computers to access accounts.

SEC asked investors to use caution when using public Wi-Fi connections.

“If you access your account on a public wireless connection, such as at a coffee shop or airport, you should use extra caution. It is very easy to ‘eavesdrop’ on internet traffic, including passwords and other sensitive data, on a public wireless network.”

The agency advised investors in a separate alert on April 23 to contact their investment company immediately if they think their account has been compromised.

Plus, investors should regularly monitor investment accounts for any suspicious activity. “Look out for any changes to your account information that you do not recognize (e.g., a change to your address, phone number, e-mail address, account number, or external banking information),” the SEC said.

“You should also confirm that you authorized all of the transactions that appear in your account statements and trade confirmations.”

Tyler Durden Mon, 04/27/2026 - 21:45

The Moral Malaise: The New York Times Makes The Case For "Microlooting" To Murder

Zero Hedge -

The Moral Malaise: The New York Times Makes The Case For "Microlooting" To Murder

Authored by Jonathan Turley,

“It is so hard to live ethically in an unethical society.” That lament heard this week from New York Times opinion culture editor Nadja Spiegelman could well be the Democratic Party’s epitaph.

Spiegelman was interviewing two left-wing influencers about how everything from shoplifting to murder may be excusable today in light of the unfairness they see in society.

The podcast, a product of the nation’s newspaper of record, reveled in the moral relativism that has taken over the American left. It featured the ravings of the antisemitic Marxist streamer Hasan Piker, who calmly explained how the murder of United Healthcare executive Brian Thompson was perfectly understandable. His rationalization came from Marxist revolutionary Friedrich Engels, who had called capitalism “social murder.” If capitalists are “social murderers,” then why not kill them? The logic is liberating and lethal for some on the left looking for a license for violence.

Mind you, this same newspaper had once condemned and effectively banned a U.S. senator for writing an op-ed advocating the use of the military to quell violent protests during the summer of George Floyd’s death. The Times even forced out its own opinion editor for having the temerity to publish such an opinion.

But glorifying murder? The suggestion of open hunting season on corporate executives did not appear to shock or repel Spiegelman. After all, we are living in “an unethical society.” She explained that many felt that the murder of Thompson, the father of two, meant that “finally, someone can actually do something about health care.”

Even liberal comedians are practicing a literal version of slapstick. Margaret Cho this week declared that “we need a feral, bloodthirsty, violent Democrat.”

To be fair, Spiegelman did concede that it might seem a bit “scary” for some to start murdering our way to social justice.

She also explained that shoplifting can be justifiable because people are “stealing from Whole Foods — not just for the thrill of it, but out of a feeling of anger and moral justification.”

New Yorker writer Jia Tolentino also contributed to the podcast, titled “The Rich Don’t Play by the Rules. So Why Should I?” She immediately threw in her own experience with “microlooting” and explained why it is arguably moral: “I have, under very specific circumstances. I will say, I think that stealing from a big-box store [isn’t] significant as a moral wrong, nor is it significant in any way as protest.”

She detailed her own past thefts and added, “I didn’t feel bad about it at all, in part because the store was a corporation. And it certainly felt, in a utilitarian sense, I was like, this is not a big deal. Right, guys?”

Not in the confines of the New York Times, where apparently you are entitled to all goods that are fit to pilfer.

The bizarre exchange highlighted the moral chasm that is opening its maw on today’s political left. In my book “Rage and the Republic,” I write about how rage helps people excuse any offense or attack. It dismisses the humanity of others and provides a license to hate completely and without reservation.

It is not really murder or theft if there are no real humans on the other side, is it?

Other columnists have defended such property crimes. Washington Post writer Maura Judkis ran a column mocking shoplifting stories as the “moral panic” of a nation built on “stolen land.” It is reminiscent of those who excused rioting in past summers “as an expression of power” and demanded that the media refer to looters as “protesters.”

Former New York Times writer (and now Howard University Journalism ProfessorNikole Hannah-Jones went so far as to call on journalists not to cover shoplifting crimes.

At its core, it is a denial of transcendent values and rights. It is a decoupling of our society from a grounding in moral or universal truths. It is a trend that extends not only to attacks on individuals but also to attacks on our constitutional system. There is a growing denial of our founding based on Enlightenment principles of natural rights, which come not from government but from God.

Some people seem to have forgotten this. In 2024, a celebrated political journalist memorably asserted that belief in God-given rights is a form of “Christian nationalism” — an odd claim about a concept the nation’s founders literally wrote into our Declaration of Independence.

Last year, Sen. Tim Kaine (D-Va.) — a man who represents Thomas Jefferson’s own state — attacked a witness in committee for espousing Jefferson’s immortal assertion that human beings’ natural rights are endowed by their Creator. Kaine disparaged this idea as something worthy of Iran’s mullahs.

The result is the type of moral free-fall and rejection of personal responsibility expressed on the New York Times podcast. Simply because they condemn our entire age as unethical, they feel justified in asserting a moral right to commit any offense, from microlooting to murder. This underpins the increasingly frequent justifications made for attacks against conservatives or law enforcement as a form of “defending democracy.”

Yet the feeling of “anger and moral justification” does not make an act moral. It is the morality of mayhem; a spreading decay within our society. History has shown us how democracies can become mobocracies.

During the French Revolution, journalist Jacques Mallet du Pan observed that “like Saturn, the Revolution devours its children.” The sad fact is, it is not just the danger of fellow revolutionaries deciding that you are the next reactionary to be guillotined. It is the self-consumption of radicals who untether themselves from any higher order or purpose. It is the knowledge that all mortals carry the Saturn gene; all mortals share the capacity to become monsters.

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

Tyler Durden Mon, 04/27/2026 - 20:55

Upcoming Weather Shift "Far From Drought-Breaker" For America's Parched Breadbasket

Zero Hedge -

Upcoming Weather Shift "Far From Drought-Breaker" For America's Parched Breadbasket

Some of the worst drought conditions in a generation are plaguing America’s breadbasket just as spring planting season gets underway. Institutional desks, including UBS, have ramped up warnings about drought, fertilizer shortages, and what these current-day issues could morph into for the food supply chain later this year.

The good news: parts of the central U.S. may finally see some weather relief, with several days of rain in the forecast. Whether that will be enough to materially improve soil moisture conditions remains the key question for agricultural desks this week.

"The upcoming weather pattern in the United States, fueled by a strong subtropical jet stream, will bring some beneficial rain to the drought-stricken South," meteorologist Ben Noll wrote on X, adding, "But it will be far from a drought-breaker."

Noll is correct: it will take many more rounds of storms to fully erase the drought, especially given what UBS analyst Jonathan Pingle told clients last week.

The National Oceanic and Atmospheric Administration's Palmer Drought Severity Index hit its highest level for March since records started in 1895, and March was the third-driest month recorded, regardless of time of year, behind only the famed 1930s Dust Bowl: July and August 1934. Water levels on the Mississippi look fine, and seasonal lows are typically in the fall, but river levels in Memphis sit 24 feet below this time last year.

Here's The Weather Channel's forecast for rain this week across the Midwest and Southeast:

Tuesday

Wednesday

Thursday

Friday

Saturday

Better than nothing. 

Tyler Durden Mon, 04/27/2026 - 20:30

Nearly 10,000 Pounds Of Methamphetamine And Marijuana Seized By US Authorities

Zero Hedge -

Nearly 10,000 Pounds Of Methamphetamine And Marijuana Seized By US Authorities

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

Around 10,000 pounds of marijuana and methamphetamine were seized by U.S. authorities in two separate incidents in recent weeks.

A joint operation on April 20 intercepted a Go-Fast vessel with 3.2 tons of marijuana, the largest load of marijuana ever stopped in Colombian waters. Courtesy of the Joint Interagency Task Force/X

“A joint operation on April 20th led by @ArmadaColombia intercepted a Go-Fast vessel with 3.2 tons of marijuana, the largest load of marijuana ever stopped in Colombian waters, preventing drug-trafficking organizations from reaping the profits,” the Joint Interagency Task Force (JIATF) South said in an April 23 post on X. Armada Colombia is part of the country’s naval defense arm.

The 3.2 tons of marijuana, which comes to 6,400 pounds, has an estimated spot value of roughly $7 million.

JIATF leverages its member nations’ capabilities to identify and monitor drug trafficking in the air and maritime domains. The task force seeks to interdict and take the drugs into custody to disrupt the shipment of illicit narcotics and degrade or dismantle transnational criminal organizations.

In another significant seizure, Customs and Border Protection (CBP) officers at the Otay Mesa Commercial Facility, California, took custody of more than 3,000 pounds of methamphetamine, with an estimated value of $4.92 million, according to an April 23 statement from the agency.

The narcotics were “concealed within a cargo trailer,” which the CBP had referred for a secondary inspection on April 14, the agency said.

“The shipment manifest had listed the commodity as corrugated cardboard boxes,” it said.

An initial nonintrusive inspection identified anomalies in the front wall of the trailer. A physical inspection found 300 packages of meth.

According to a report from the Centers for Disease Control and Prevention, the overdose death rate involving psychostimulants with abuse potential, primarily methamphetamine, was 10.4 people per 100,000 individuals in 2023.

“Our CBP officers at ports of entry are unwavering guardians,” Otay Mesa Port Director Rosa E. Hernandez said.

Their diligence prevented illegal narcotics from entering our country, so our communities are kept safe from dangerous drugs.”

Tackling the inflow of drugs is a key focus area of the Trump administration. In an April 2025 Statement of Drug Policy Priorities, the White House said the administration has identified an “urgent need for decisive action” to tackle the illicit drug crisis plaguing the United States.

According to the statement, the Trump administration aims to reduce the number of overdose fatalities, decrease the global movement of illicit drugs, stop the flow of drugs from across the border into U.S. communities, reduce the initiation of drug use, and offer treatments that lead to long-term recovery from addiction and substance use disorders.

To achieve our vision of a safer, healthier future for Americans, we will disrupt the supply chain from tooth to tail. We will partner with or otherwise hold accountable countries that are sources of precursor chemicals and finished drugs that enter the United States,” the statement said.

Crackdown on Drug Operations

In a March 17 statement to a House committee, Joseph M. Humire, performing the duties of the assistant secretary of war for homeland defense and Americas security affairs, said the Department of War (DOW) has been focusing on the maritime flow of illicit narcotics into the United States from South America.

Since September 2025, the DOW has been conducting kinetic strikes on suspected drug trafficking vessels that have had a positive impact in curtailing drug flow, according to the official.

“Since the first September strike, there has been a 20 percent reduction of movements of drug vessels in the Caribbean and an additional 25 percent reduction in the Eastern Pacific. These two maritime corridors are the origin source for follow-on flow into the U.S. Homeland,” Humire said.

We have successfully deterred cartels from exploiting key maritime routes, leading to a more than 20 percent reduction in cocaine flow.”

Last week, the White House Office of National Drug Control Policy hosted the Interdiction Committee Principals Meeting, with officials from the State Department, Homeland Security, Justice Department, DOW, the Treasury, and the Intelligence Community meeting to advance President Donald Trump’s drug policy priorities, the White House said in an April 20 statement.

Participants discussed matters related to current operations aimed at reducing the supply of illicit drugs, and reviewed methods to integrate information from drug interdictions to investigations in order to better target criminal networks.

“The Interdiction Committee is where policy and operations collide. We know that every interdiction, every arrest, and every successful prosecution is an opportunity for law enforcement and the intelligence community to combat cartel operations, their supply chains, and the illicit financing that fuels it all,” U.S. Interdiction Coordinator and Committee Chairperson Daniel Boatright said.

Tyler Durden Mon, 04/27/2026 - 20:05

Democrat-Owned Brewery Complains About Failed Trump Assassination Attempt With Twisted Promise To Customers

Zero Hedge -

Democrat-Owned Brewery Complains About Failed Trump Assassination Attempt With Twisted Promise To Customers

Minocqua Brewing Company, a craft-beer maker in Minocqua, Wisconsin, run by a Democrat activist, is facing fierce blowback after its social-media account appeared to mock a recent assassination attempt on President Donald Trump and reiterated an earlier pledge to offer free beer on the day of his death.

Minocqua Brewing Company owner Kirk Bangstad (screenshot via Instagram)

The company, owned by Kirk Bangstad - who ran as the Democrat nominee for Wisconsin’s 34th Assembly District in 2020 and founded an anti-Republican super PAC - posted on social media shortly after news of the latest attempt on the president. “Well, we almost got #freebeerday,” the post read, according to screenshots circulated online. “Either a brother or sister in the Resistance needs to work on their marksmanship or he faked another assassination to get a positive news cycle. We’ll never know.”

Regardless, we stand at the ready to pour free beer the day it happens,” the post added.

The brewery had previously promised free beer “all day long, the day he dies,” in reference to Trump. The company also sells merchandise tied to the pledge, including T-shirts that read “I wish it was free beer day,” and markets itself as blending craft beer with radical progressive activism.

A spokesman for the Wisconsin Democrat Party condemned the post. “This rhetoric is completely unacceptable and should be retracted immediately,” Phil Shulman told the Milwaukee Journal Sentinel. “We’re not afraid to call out this sort of inappropriate behavior no matter where it comes from—our GOP colleagues should learn to do the same.”

Republican officials and Trump allies denounced the comments as inflammatory, urging broader Democratic condemnation.

"Wisconsin Democrats are so sick in the head that an attempted murder is funny to them," Republican National Committee spokesperson Delanie Bomar told Fox News in a statement. "All Wisconsin Democrats, including Rebecca Cooke, must immediately condemn this disgusting behavior.”

The brewery’s post was later deleted, according to Beer Street Journal.

The latest assassination attempt against Trump unfolded Saturday evening at the White House Correspondents’ Dinner held at the Washington Hilton. U.S. law enforcement has identified the suspect as Cole Tomas Allen, a 31-year-old tutor, game developer, and Caltech graduate from Torrance, California. Allen allegedly attempted to breach a security checkpoint near the event’s screening area, opening fire and prompting return shots from the Secret Service. In a manifesto sent to family members minutes before the attack, Allen described himself as a “friendly federal assassin,” listed Trump administration officials as prioritized targets, and expressed deep hostility toward the president and his policies, the Los Angeles Times reported.

Tyler Durden Mon, 04/27/2026 - 19:40

Report Claims Iranian Jet Bombed American Base In Kuwait At War's Start

Zero Hedge -

Report Claims Iranian Jet Bombed American Base In Kuwait At War's Start

Authored by Dave DeCamp via AntiWar.com,

Iranian attacks on US bases across the Middle East have caused far more damage than the Trump administration has publicly acknowledged, and an Iranian fighter jet was able to bomb at least one US base, NBC News reported on Saturday, citing unnamed US officials.

The administration has attempted to cover up the damage to US bases in the war, and has gone as far as requesting that Planet Labs and other satellite imagery companies black out war images, making it difficult to ascertain the damage.

The NBC report said that the Pentagon has also kept the information on the damage from Congress. “No one knows anything. And it’s not for lack of asking,” a Republican congressional aide told the outlet. “We have been asking for weeks and not getting specifics, even as the Pentagon is asking for a record high budget.”

Iranian missile and drone attacks have targeted US bases in seven Middle Eastern countries: Bahrain, Kuwait, Saudi Arabia, the UAE, Iraq, Jordan, and Qatar. US officials said that an Iranian F-5 fighter jet was able to bomb the US base at Camp Buehring in Kuwait despite it having air defenses, marking the first time in many years that an enemy fixed-wing aircraft struck a US military installation.

The US armed Iran with Northrop Grumman-made F-5 fighter jets before the 1979 Islamic Revolution, and Iran has developed its own version of the aircraft, known as the HESA Kowsar.

Kuwait was also the site of a March 1 Iranian drone attack that killed six US Army Reserve soldiers and injured more than 20. The drone targeted a makeshift operations center in Port Shuaiba, and according to survivors of the attack who spoke to CBS News, the facility was unprotected despite claims from US War Secretary Pete Hegseth that the drone was able to “squirt” through air defenses.

The Pentagon has confirmed the deaths of at least 13 US soldiers and the injuries of more than 400 in the war. The bases across the region were mostly evacuated since they were so vulnerable to attack, something The New York Times previously reported.

“Many of the 13 military bases in the region used by American troops are all but uninhabitable, with the ones in Kuwait, which is next door to Iran, suffering perhaps the most damage,” the Times reported on March 25.

The NBC report said that the headquarters of the US Navy’s Fifth Fleet in Bahrain “sustained serious damage” and that other US bases in the country also suffered serious damage that is likely repairable.

The report also cited the American Enterprise Institute (AEI), a Washington-based think tank, which said it assessed Iran hit more than 100 targets across 11 bases, and that the repairs would cost at least $5 billion, though the number doesn’t account for some of the radars, weapons systems, and other equipment that was destroyed.

Tyler Durden Mon, 04/27/2026 - 19:15

"Let's Get Ruthless": Bulwark's Bill Kristol Suggests Illiberal Means Are Needed To Save Liberal Democracy

Zero Hedge -

"Let's Get Ruthless": Bulwark's Bill Kristol Suggests Illiberal Means Are Needed To Save Liberal Democracy

Authored by Jonathan Turley,

“Let’s get ruthless.”

Those words are, unfortunately, nothing new in this age of rage.

In just the last few weeks, various liberal pundits and politicians have been calling for radical and even violent action.

Even comedian Margaret Cho publicly declared this week that “we need a feral, bloodthirsty, violent Democrat.”

However, these words were reposted by Bill Kristol, the founder of the Weekly Standard and the current editor-in-chief of The BulwarkKristol was a leading conservative figure in the Republican Party.

Kristol left the Republican Party and is now a vehemently anti-Trump writer. There are certainly good-faith reasons why some conservatives have broken with Trump on a variety of issues.

However, the original column was endorsing the Democratic plan to pack the Supreme Court with an instant liberal majority to force through a slew of political changes in the country.

Various Democrats have been pledging to not only impeach Trump (and a long list of other figures), but to pack the Supreme Court as soon as they regain power.

James Carville declared, “If the Democrats win the presidency and both houses of Congress, I think on day one, they should expand the Supreme Court to 13. F— it. Eat our dust. Don’t run on it. Don’t talk about it. Just do it.”

This Nike School of Constitutional Law is catching on with a wide array of pundits and professors. Just do it.

Years ago, Harvard professor Michael Klarman laid out a radical agenda to change the system to guarantee Republicans “will never win another election.” However, he warned that “the Supreme Court could strike down everything I just described.” Therefore, the court must be packed in advance to allow these changes to occur.

Former Obama Attorney General Eric Holder has put packing the Supreme Court front and center, explaining, “[We’re] talking about the acquisition and the use of power if there is a Democratic trifecta in 2028.”

Years ago, I wrote an academic piece on the possible expansion of the Supreme Court, but there is a world of difference between that and a court-packing plan. Under my proposal, the court’s expansion would take almost two decades to ensure that no president could pack the court.

It was not just the company that Kristol is keeping on the issue, or his endorsement of the long-anathema concept of court packing, but also his rationale for the move. Kristol cited the successful Democratic gerrymandering efforts in California and Virginia as triumphs that should now propel the left to pack the Court.

Kristol reposted the call for court packing from his colleague Jonathan Last: “Expanding the Supreme Court is no different from redistricting in California and Virginia,” he said. “It is a proportionate response to Republican attempts to degrade liberal democracy and move America toward a post-liberal order.”

Praising governors Gavin Newsom and Abigail Spanberger for their “ruthless” leadership in response to Republican gerrymandering, Kristol insisted that Democrats must meet “force with force” and must now pack the Supreme Court. Being ruthless, he argues, is the “only road to preserving liberal democracy.”

There is, of course, a considerable difference between altering political districts and packing the courts. Political gerrymandering has been around since the earliest days of the Republic.

The courts are not the same political fungible units. Indeed, the favorite term on the left is “illiberal democracy” to refer to democratic systems used to curtail rights and weaken checks and balances. Yet this illiberal means is being cited by Kristol as essential to save liberal democracy.

Liberal justices have spoken out against these calls for court packing.

The late Supreme Court Justice Ruth Bader Ginsburg said it would destroy the continuity and cohesion of the court.

She added, “If anything would make the court look partisan, it would be that — one side saying, ‘When we’re in power, we’re going to enlarge the number of judges, so we would have more people who would vote the way we want them to.’”

The political districts are precisely that: political. They are part of the two political branches in a tripartite system. It is the courts that keep these political branches within their proper constitutional orbits.

There was, of course, no movement to pack the court when a series of liberal majorities rewrote major areas of constitutional law in the 1960s and 1970s. These demands from figures like Sen. Elizabeth Warren were only heard when the court began to rule against their chosen outcomes.

Warren explained that the court had to be packed to bring its rulings in line with “widely held public opinion.”

Of course, Article III was designed precisely to blunt such pressures to rule according to “widely held public opinion.” The Supreme Court is a counter-majoritarian body that was created to protect rights against the passions or demands of the majority.

As I discuss in my book, “Rage and the Republic,” the founders sought to avoid “democratic despotism” and “mobocracy” by creating barriers to direct democratic powers. The Supreme Court is essential as a bulwark against such impulse politics. Those pushing for an instant liberal majority would convert the court into the type of partisan judicial bodies seen in states like Wisconsin where jurists are selected to robotically vote for party priorities.

There is a reason why “ruthless” was not an attribute cited by anyone in the constitutional convention to be fostered in our Republic. On the contrary, the system is designed to temper ruthless passions for reasoned debate.

The court itself may be the ultimate test of the lingering capacity for reason among our citizens. Of course, we can be ruthless and tear down our institutions on the 250th anniversary of our Republic.

No democratic system is ever immune from self-inflicted wounds. That is why Benjamin Franklin reminded us that this remains our Republic if we can keep it. This year, we can celebrate that Republic, or we can ruthlessly destroy it in a fit of blind rage.

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

Tyler Durden Mon, 04/27/2026 - 18:25

"Resurgence Of Electrification": Goldman Says EV Demand Gaining Momentum Amid Fuel Price Shock

Zero Hedge -

"Resurgence Of Electrification": Goldman Says EV Demand Gaining Momentum Amid Fuel Price Shock

There were early signs during the third week of the U.S.-Iran conflict that EV demand was gaining traction in Asia, where the energy shock has been felt the hardest. That was followed by a separate note earlier this month confirming that EV demand was beginning to reaccelerate.

Now, Goldman analysts led by Kota Yuzawa see global EV demand gaining momentum after several years of muted demand, as the fuel-price shock at the pump pushes consumers back toward EVs.

Yuzawa noted that the share of the top 30 countries where the EV sales mix rose month over month climbed from 30% in January to 60% in February and 80% in March. This acceleration suggests the energy shock is helping pull the EV industry out of a multi-year rut. 

The reacceleration of global EV demand has likely gained further traction in April amid elevated prices. Goldman's commodity team, led by Daan Struyven, wrote in a separate note that his WTI fourth-quarter forecast was revised from the previous $75 to $83.

This suggests the energy crisis is becoming more prolonged, and elevated fuel prices at the pump mean that EV demand will likely continue to rise - at least until Brent and WTI crater, depending on a Hormuz chokepoint reopening and a US-Iran peace deal being signed.

Yuzawa highlighted the global EV market in March:

  • We are monitoring the rise in natural gas prices in the Indian market, as we are concerned about the impact on Maruti Suzuki, which has a high share of CNG vehicles.

  • In the Thai market, both BEVs and HEVs are outperforming. The growing demand for HEVs, which offer excellent fuel efficiency, is a positive for Toyota and Denso.

  • In the Chinese market, we have confirmed a narrowing of discounts on NEVs. Exports are also expanding, which underpins our bullish view on BYD.

  • The expansion in demand for ESS is driven by the adoption of renewable energy against the backdrop of energy security. This expands the applications for automotive batteries, providing a tailwind for Tesla, BYD, and GS Yuasa.

EVs Outperform Amid Price Stabilization

Electrification Advances By Country

Really, all the EV industry needed wasn't lower auto loan rates but a Hormuz chokepoint closure and a global fuel-price shock to jolt demand back to life. Who would've thought...

Professional subscribers can read the full "Resurgence of Electrification" note at our new Marketdesk.ai portal.

Tyler Durden Mon, 04/27/2026 - 18:00

HUD Rejects Transgender Ideology For Women's Shelters

Zero Hedge -

HUD Rejects Transgender Ideology For Women's Shelters

Authored by Catherine Salgado via PJMedia.com,

The Department of Housing and Urban Development (HUD) is removing radical transgender ideology from dozens of regulations, which will, among other things, reserve women’s shelters only for women, not for mentally ill men.

HUD issued a press release on April 23 confirming that it is erasing "radical definitions of gender identity, sexual orientation, and gender" from some 50 regulations. Instead, HUD will apply the biological definition of sex and end the woke prohibition on "gender identity" discrimination.

The latter meant that shelters specifically for men or women were required to accept an individual's identification as male or female regardless of biological reality. Obviously, this was a rule ripe for abuse. Therefore, HUD is taking steps to end the potential and actual abuse.

Fortunately, HUD and Secretary Scott Turner are restoring sanity to the agency's regulations. The press release explained:

HUD’s Equal Access Rule would be adjusted to protect women’s shelters and replace the prohibition on discrimination against “gender identity” in all Community Planning and Development programs. Common terms such as father, mother, man, woman, boy, and girl would be defined consistent with biological reality across HUD’s regulations.

Turner proudly and emphatically confirmed that the biblical and biological reality is his priority.

“God created two sexes: male and female,” the secretary said.

“The Left’s war on biological reality through radical gender ideology will no longer take precedence over the safety and security of America’s most vulnerable women. This proposed rule will bring biological truth and sanity back to HUD’s policies.

This follows up on a February 2025 order from Secretary Turner: “Equal Access in Accordance With an Individual’s Gender Identity in Community Planning and Development Programs.” This order started the process of offering services at shelters and other HUD-funded housing programs only in accordance with the biological definition of sex.

At the time, Turner stated, "We, at this agency, are carrying out the mission laid out by President Trump on January 20th when he signed an executive order to restore biological truth to the federal government. This means recognizing there are only two sexes: male and female. It means getting government out of the way of what the Lord established from the beginning when he created man in His own image."

He continued, "As I have said before, we are going to take inventory of HUD’s programs and ensure every dollar that goes out the door is advancing HUD’s mission, which is to provide quality, affordable homes for communities across the country – urban, rural and tribal –and promote economic investment to build stronger communities and a brighter future for all Americans."

The new announcement is part of this comprehensive effort at HUD. The Biden administration flouted and rejected biblical values at every opportunity. They defied both biological reality and Scriptural morals. What a difference the new administration makes.

Tyler Durden Mon, 04/27/2026 - 17:40

Pages