Californians Are Not Loving High Gas Prices
Los Angeles Times: “As inflation rates rise to their highest in years, Californians are again getting hit the hardest at the gas pumps, with a regular tank costing upwards of $100 at some stations in Los Angeles.”
“Inflation figures released this week show consumer and producer price rises at more than three-year highs, driven by the energy crisis stemming from the war with Iran.”
Donald Trump is Everywhere
Bloomberg: “He’s at the NBA Finals. He’s hosting UFC fights on the White House lawn. He’s planning a rally featuring himself for the country’s 250th birthday celebrations. He — and his border policies — loom over the World Cup.”
“He hosted the Kennedy Center Honors, popped up at the US Open, was the first sitting president to attend the Super Bowl, and almost single-handedly made Kid Rock a thing again. (His NBA Finals trip was also a presidential first.)”
“Trump is not just the chief executive or commander-in-chief. He’s a cultural force in a way that few, if any, presidents have been before.”
Pentagon Releases New Batch of UFO Files
CBS News: “The Pentagon on Friday released a new group of documents and videos related to UFOs, the third release since the government began a wave of new disclosures last month.”
White Supremacists Helped Orchestrate the Belfast Riots
Wired: “Within an hour after a horrific knife attack took place in Belfast on Monday night, far-right UK activist Tommy Robinson had shared a video of the incident on X, a post that racked up six million views. Within hours Elon Musk, the owner of the platform, weighed in, agreeing with a post calling for ‘consequences’ for politicians…”
“Politicians were quick to criticize Musk and Robinson for their role in fomenting the violence, but what no one appeared to notice was the role played by the white supremacist Active Club movement and its Youth Club wing in not only stoking tensions, but advising and orchestrating the masked youths who spearheaded much of the violence.”
Peace Talks Delayed by Courier-Based Negotiations
“President Donald Trump has repeatedly said the U.S. and Iran are on the cusp of a deal to end their conflict. The reality has proven more elusive — in part because of the nature of the negotiations themselves,” Bloomberg reports.
“The latest instance came Thursday, when Trump claimed that a deal was imminent, telling reporters that an agreement could be signed as early as this weekend. Iran rejected Trump’s claims, with its semi-official Fars news agency reporting that the regime’s leaders had not approved any text with the US.”
“While Trump’s penchant for overstatement, threats and enticements help explain the confusion on the state of the negotiations, there’s another reason a deal has been so hard to reach: the unwieldy way in which the US and Iran are actually carrying out their negotiations.”
New Fed Chair Is Intentionally Silent
CNBC: “Markets head into the first Fed meeting run by new Chair Kevin Warsh with almost no idea what he thinks about the recent surge in job growth, the acceleration in inflation or the path of interest rates.”
“And that may be by design.”
“Warsh has strongly criticized Fed communications, saying they have led to policy errors and placed the Fed more at the center of market decisions and the economy than it should be. His plans for ‘regime change’ include a rethink of how the Fed forecasts and talks about its plans for monetary policy. That appears to include both quantity and frequency.”
Sweden Says Russia Could Seek to Test NATO
Sweden sees a possibility that Russia may seek to test NATO’s cohesion and its commitment to mutual defense through some kind of military attack in the “relatively near term,” Bloomberg reports.
The Rise of the ‘Dude-Bro’ Candidate
Wall Street Journal: “Consider the following qualifications for public office: An accusation of sexual misconduct or marital infidelity; voluntary or involuntary association with any of the following: Tucker Carlson, Hasan Piker or Joe Rogan; use of a racial slur in a public appearance or online post; publicly brawling or picking a fight.”
“Not long ago, ticking any one of these boxes would have meant disqualification. Today, they are effectively bona fides.”
“That, at least, seems to be the political calculation of the dudebro candidate, an emerging type who has dominated the political conversation this primary season. And while the actual electoral results thus far are mixed, the collective precedent is already upsetting long-held assumptions about what it takes to run for office.”
Elon Musk Could Become a Trillionaire Today
New York Times: “SpaceX, Elon Musk’s rocket-building, satellite-launching and artificial intelligence company, is set to go public today at $135 a share. The company plans to sell 555 million of them. That means SpaceX would raise around $75 billion, putting its valuation at $1.77 trillion, the largest I.P.O. in history.”
“It could make Musk the world’s first trillionaire. Or it could tank. Some analysts have argued that SpaceX is significantly overvalued. The market could decide that Musk’s an overpromiser and pass on the stock’s high price.”
U.S. Plans to Pull a Third of NATO Fighter Jets
New York Times: “The United States plans to significantly reduce the aircraft and warships that it makes available for NATO operations in Europe, according to two senior European officials, accelerating America’s effort to scale down the protection it has offered to European allies for eight decades.”
“The decision would limit NATO’s ability to launch long-range strikes and conduct surveillance.”
U.S. Requires Foreign Influencers to Get Work Visas
Wired: “Influencers covering the 2026 World Cup in the United States will not be able to create content for monetization on social media without a work visa…”
“The move could affect FIFA’s broadcasting strategy, which includes agreements with multiple international creators on TikTok and YouTube.”
Switzerland to Vote on Population Cap
Bloomberg: “On Sunday, Switzerland will vote on whether to limit the number of residents to 10 million people in 2050, from 9.1 million currently. Polls predict a close outcome on the measure, which right-wing campaigners initiated to force the government to rein in immigration.”
Trump Claims He Ended the Iran War
President Trump on Thursday claimed Washington had “ended the war in Iran” and said a formal peace treaty would be signed in the coming days, Politico reports.
Said Trump: “I don’t know if you heard, but we ended the war with Iran today.”
In Iran, however, foreign ministry spokesperson Esmaeil Baghaei disputed that an agreement to end the war had been reached.
Trump Threatens to Take Over Washington, D.C.
President Trump threatened to “take back Washington and run it on a federal basis” if democratic socialist Janeese Lewis George wins the D.C. mayoral election, the Washington Examiner reports.
Agencies Ghosting Congressional Watchdog
NOTUS: “A growing number of federal agencies are either refusing to provide the Government Accountability Office access to information or ignoring the congressional watchdog altogether…”
“Officials at a May meeting cited the Office of Management and Budget, Housing and Urban Development, the Commerce Department, the Education Department and the Small Business Administration as particularly noncooperative.”
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Cornyn Predicts ‘Miserable’ Final Two Years for Trump
Sen. John Cornyn was not consoled when President Trump professed on social media that the senior Republican from Texas would “remain my friend for a long time to come” after the president had enthusiastically endorsed the man who defeated Mr. Cornyn, ending his Senate career, the New York Times reports.
Said Cornyn: “If that’s the way friends treat you, you wonder about his enemies.”
He added: “It’s going to make things harder, certainly more expensive in Texas, and make it harder around the country. I don’t say that with any sort of desire for vengeance; I just think that’s the way it’s going to be. He’s going to have the most miserable two years of his life in the last two years of his term, I think, because I think November is going to be a disaster.”
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