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Zero Rss

China Is Betting AI, Hypersonic Missiles And Quantum Technology Will Define The Next Era Of Warfare

Zero Rss
2 months ago
China Is Betting AI, Hypersonic Missiles And Quantum Technology Will Define The Next Era Of Warfare

As China races to modernize its armed forces, its strategy is increasingly centered on developing technologies that could offset America's traditional military advantages instead of matching the U.S. system for system, according to the South China Morning Post.

That philosophy dates back to Unrestricted Warfare, a book published in 1999 by former PLA strategist Qiao Liang. Rather than copying America's arsenal, Qiao argued China should focus on capabilities Washington lacks. Nearly three decades later, he says the concept still applies. Modern militaries, he said, are now "building weapons for the wars they expect to fight, rather than fighting wars with the weapons they possess."

With the People's Liberation Army approaching its 100th anniversary next year, Beijing is expected to unveil another round of modernization goals as it works toward Xi Jinping's objective of creating a "world class military" by 2049. Analysts say the focus has shifted beyond simply catching the United States. China wants to help define the next era of warfare through artificial intelligence, quantum technology, hypersonic missiles, laser weapons and autonomous systems.

That ambition is perhaps most visible in aviation. The public appearance of China's tailless sixth generation fighter prototypes has fueled speculation that Beijing could be setting the pace in next generation air combat. Military analyst Fu Qianshao called the development "a landmark event," arguing that China is no longer just following trends established by the United States and Russia.

SCMP writes that future battlefields, analysts say, will revolve around connected, intelligent systems rather than individual weapons. Piloted aircraft may direct fleets of drones, armored vehicles could become mobile command and sensing platforms, and combat operations will increasingly link forces across land, sea, air, space and cyberspace with artificial intelligence playing a growing role in decision making.

China is investing heavily across that spectrum. The PLA has accelerated work on advanced aircraft carrier technology, AI powered drone swarms, underwater autonomous vehicles, electronic warfare and high performance computing. Much of that development is supported through Beijing's military civilian fusion strategy, which combines military research with universities and private technology companies.

Among the most closely watched programs are hypersonic weapons, quantum communications and artificial intelligence. China is widely regarded as a leader in hypersonic missile development and has spent years building quantum communication networks that could strengthen secure military communications. AI is already being tested for intelligence analysis, battlefield planning and autonomous drone operations.

Chinese planners have also closely studied the wars in Ukraine and the Middle East, where drones have transformed modern combat. That has accelerated work on laser and microwave based air defense systems designed to defeat large drone swarms before they can reach their targets.

Even so, analysts caution that emerging technologies are unlikely to replace traditional military power on their own. Instead, they are expected to strengthen existing forces by making conventional ships, aircraft, missiles and ground units faster, more connected and more effective while introducing new opportunities and new risks.

Tyler Durden Wed, 08/05/2026 - 22:10
Tyler Durden

Former Haitian Police Officer And Naturalized US Citizen Pleads Guilty To Gun Running

Zero Rss
2 months ago
Former Haitian Police Officer And Naturalized US Citizen Pleads Guilty To Gun Running

Authored by Michael Clements via The Epoch Times,

A naturalized U.S. citizen and former Haitian National Police officer pleaded guilty to smuggling at least 140 firearms to Haiti.

Soldiers patrol amid the sound of gunshots heard in the distance in Port-au-Prince, Haiti, on Oct. 17, 2024. Odelyn Joseph/AP Photo

Jean Robert Casimir, 53, of Lauderhill, Florida, pleaded guilty in U.S. District Court for the District of Columbia to conspiracy, smuggling, and violation of the Export Control Reform Act on Tuesday, Aug. 4.

According to court records, Casimir admitted to engaging in an extensive firearms trafficking operation since 2020.

He was arrested on Dec. 16, 2024, in Lauderhill and indicted on Jan. 23, 2025. His sentencing is set for Dec. 4.

Casimir told the court that from August 2020 through December 2024, he illegally exported guns from the United States to Haiti without the required license from the Department of Commerce's Bureau of Industry and Security.

He told the court he purchased the guns for his security business, which hires off-duty Haitian National Police officers to provide armed security for people visiting the island.

According to an arrest warrant affidavit, Homeland Security investigators saw photographs of firearms used by Haitian gangs in which serial numbers were clearly visible. The affidavit stated that the guns were traced back to legal purchases Casimir made at a Florida gun store in 2020.

Casimir denied selling guns to gang members. He said the guns were stolen from one of his employees during a robbery.

To smuggle the firearms, Casimir and his co-conspirators disassembled the guns, encased them in a foam insulating material and sealed them in industrial air compressors they had cut open and welded back together. They shipped the air compressors to Haiti from Miami.

The investigation was a combined effort by the FBI Miami Field Office, Homeland Security Investigations (HSI) Washington, D.C., and HSI Miami with assistance from the Bureau of Alcohol, Tobacco, Firearms and Explosives and U.S. Customs and Border Protection.

The case is being prosecuted by U.S. Attorneys from the District of Columbia and the U.S. Department of Justice (DOJ) National Security Division, with assistance from the U.S. Attorney's Office for the Southern District of Florida.

According to a DOJ press release, the case is part of a Homeland Security Task Force (HSTF) initiative to eliminate criminal cartels, foreign gangs, transnational criminal organizations, and human smuggling and trafficking rings operating in the United States and abroad.

"Through historic interagency collaboration, the HSTF directs the full might of U.S. law enforcement towards identifying, investigating, and prosecuting the full spectrum of crimes committed by these organizations," the press release states.

According to data released by the United Nations Human Rights Office, there are an estimated 270,000 to 500,000 illegal weapons in circulation in Haiti, even though country does not manufacture guns or ammunition.

Haiti has been overrun by armed gangs and vigilante groups for more than a decade.

Political corruption and natural disasters have destabilized the country. As the government struggled to deal with the crises, powerful gangs took control of various areas, including the capital, Port au Prince.

Armed off-duty police officers take cover during an exchange of gunfire with army soldiers as they protest over police pay and working conditions in Port-au-Prince, Haiti, on Feb. 23, 2020. Dieu Nalio Chery/Ap Photo Tyler Durden Wed, 08/05/2026 - 21:45
Tyler Durden

Louisiana Has The Highest Car Ownership Burden In America

Zero Rss
2 months ago
Louisiana Has The Highest Car Ownership Burden In America

For many Americans, owning a car is a necessity, but the financial burden varies dramatically by state. In the least affordable places, annual vehicle expenses consume nearly one-quarter of the typical household’s income.

This map, via Visual Capitalist's Dorothy Neufeld, ranks every state by annual car ownership costs as a share of median household income, based on analysis from LendingTree of active auto loan holders. The estimates include financing, insurance, fuel, and maintenance.

The States Where Car Ownership Costs the Most

The table below ranks every state by annual car ownership costs as a share of median household income.

State Total Costs Median Household Income % of Household Income Louisiana $14,894 $64,199 23.2% Mississippi $13,378 $62,242 21.5% New Mexico $14,115 $71,388 19.8% Arkansas $12,798 $65,378 19.6% Alabama $13,164 $70,171 18.8% West Virginia $11,951 $64,001 18.7% Kentucky $12,628 $67,925 18.6% Oklahoma $12,722 $69,633 18.3% Florida $14,546 $81,830 17.8% Missouri $13,235 $75,360 17.6% Arizona $14,860 $85,779 17.3% Wyoming $13,533 $79,511 17.0% Texas $14,139 $83,921 16.8% Nevada $14,341 $85,408 16.8% Montana $13,245 $79,309 16.7% Georgia $13,733 $84,205 16.3% Tennessee $12,350 $75,790 16.3% Kansas $12,941 $79,492 16.3% Indiana $12,269 $75,750 16.2% South Carolina $12,233 $76,161 16.1% Michigan $12,208 $76,202 16.0% North Dakota $12,766 $81,973 15.6% Ohio $11,574 $76,016 15.2% Iowa $11,992 $79,478 15.1% North Carolina $11,725 $77,854 15.1% Nebraska $12,133 $80,399 15.1% South Dakota $12,092 $80,931 14.9% Wisconsin $11,947 $81,570 14.6% New York $13,183 $90,341 14.6% Idaho $12,340 $85,442 14.4% Pennsylvania $11,735 $81,630 14.4% Illinois $12,549 $87,594 14.3% Maine $11,231 $80,469 14.0% Oregon $12,528 $89,709 14.0% Delaware $12,680 $92,145 13.8% Rhode Island $12,042 $87,903 13.7% Colorado $13,876 $102,229 13.6% California $14,325 $105,425 13.6% Minnesota $12,304 $91,706 13.4% Vermont $11,542 $87,088 13.3% Alaska $13,051 $100,705 13.0% Washington $13,558 $104,625 13.0% Utah $13,023 $101,750 12.8% Virginia $12,214 $96,941 12.6% New Jersey $13,708 $109,788 12.5% Connecticut $12,630 $101,109 12.5% Hawaii $13,193 $106,052 12.4% Maryland $13,314 $108,326 12.3% District of Columbia $13,205 $115,486 11.4% New Hampshire $11,418 $105,038 10.9% Massachusetts $11,745 $110,350 10.6% 🇺🇸 U.S. Average $12,841 $85,759 15.0%

Data is for active auto loan holders. Cost and income figures were adjusted to 2026 dollars.

Louisiana is the nation’s least affordable state for car ownership, with the typical household spending 23.2% of its income, or $14,894 annually, on vehicle expenses. By comparison, Massachusetts households devote just 10.6% of their income to car ownership.

Mississippi, New Mexico, Arkansas, and Alabama round out the top five, with households in each spending roughly one-fifth of their income on car ownership.

Why Car Ownership Is Less Affordable Across the South

The South dominates the least affordable rankings because many states combine relatively modest household incomes with high ownership costs.

Insurance is one major factor. Louisiana and Florida, for example, consistently rank among the country’s most expensive states for auto insurance due to severe weather, litigation costs, and high accident claims.

Drivers in many Southern states also travel more miles each year, increasing spending on fuel, maintenance, and repairs.

America’s Most Affordable States for Car Ownership

Massachusetts has the nation’s lowest car ownership burden, with annual costs equal to 10.6% of median household income, or $11,745.

New Hampshire and Maryland also rank among the most affordable states, helping make the Northeast the country’s least financially burdensome region for car ownership. Higher incomes help keep costs manageable across much of the region, while extensive public transit may allow some households to drive less or own fewer vehicles.

These rankings show that car affordability depends on more than the cost of owning and operating a vehicle. Household income also plays a major role, meaning similar expenses can create very different financial burdens depending on where people live.

To learn more about this topic, check out this graphic on the cheapest car brands to own and maintain.

Tyler Durden Wed, 08/05/2026 - 21:20
Tyler Durden

Declassified Documents Show FBI Probed Whether Trump Fired Comey At Russia's Direction

Zero Rss
2 months ago
Declassified Documents Show FBI Probed Whether Trump Fired Comey At Russia's Direction

Authored by Zachary Stieber via The Epoch Times,

Newly declassified documents show the FBI probed President Donald Trump's termination of the agency's director as part of an effort to substantiate allegations that Trump colluded with Russia.

Former FBI Director James Comey in Berlin, Germany, on June 19, 2018. Carsten Koall/Getty Images

The documents, declassified by a White House task force on Aug. 5, refer to Trump's firing of FBI Director James Comey on May 9, 2017.

In one of the documents, dated May 16, 2017, the FBI said it was opening an investigation "based on an articulable factual basis that reasonably indicates that President Donald J. Trump may be or has been, wittingly or unwittingly, involved in activities for or on behalf of the Government of the Russian Federation which may constitute violations of federal criminal law or threats to the national security of the United States."

The goal of the investigation "is to determine if President Trump is or was directed by, controlled by, and/or coordinated activities with, the Russian Federation in a manner constituting a threat to the national security of the United States and/or a violation of federal criminal statutes," the document states.

The investigation, codenamed Oxferd Comma, would also look into whether Trump and "others yet to be named" obstructed or conspired to obstruct any related FBI investigations, according to the document.

That included whether Trump's firing of Comey was linked to the FBI probing Russian efforts to influence the 2016 election, the document said.

Comey was fired after officials determined he mishandled a probe into then-Secretary of State Hillary Clinton's use of a personal server to send classified emails, including announcing without clearance from the attorney general that the case should be closed without prosecution, according to a memorandum from then-Deputy Attorney General Rod Rosenstein to the attorney general that was later made public.

Trump said shortly after Comey's termination that he fired Comey due to his mishandling the probe of Clinton, who ran against Trump in the 2016 election.

The document opening the probe said that Trump's rationale for firing Comey "has changed over time."

While Trump initially in public attributed the decision to conclusions from Rosenstein and then-Attorney General Jeff Sessions, and the White House said in a statement that the firing had "nothing to do with Russia," Trump said in a television interview several days later that he was going to fire Comey regardless of the recommendation from Department of Justice officials because "this Russia thing with Trump and Russia is a made up story."

James Baker, the FBI's general counsel at the time, and William Priestap, the FBI's assistant director for counterintelligence at the time, signed off on the probe, and other top FBI officials, such as acting FBI Director Andrew McCabe, were aware of the investigation, according to the document and other papers.

The White House Government Transparency Task Force declassified and released the documents.

Trump created the task force in May to advise him on documents "that should be declassified and/or released to the public to further his administration's priorities of transparency and accountability," according to a July 13 statement from the task force.

John Solomon, chairman of the task force, said in a statement released by the White House that evidence when the investigation was opened already undercut suspicions that Trump was acting as a Russian asset, including testimony from FBI special agent William Barnett.

The White House declined to comment.

The FBI did not respond to a request for comment by publication time.

The probe into Trump's termination of Comey was closed on April 9, 2019, after special counsel Robert Mueller concluded that there was no evidence to support claims that Trump and his campaign colluded or coordinated with Russia.

"The Special Counsel provided the Attorney General with a confidential report explaining his prosecution and declination decisions," the document outlining the closing of the investigation reads.

Tyler Durden Wed, 08/05/2026 - 20:55
Tyler Durden

Fresh Panic As Pentagon Has Used 'Virtually All' Its Long-Range Precision Missiles On Iran

Zero Rss
2 months ago
Fresh Panic As Pentagon Has Used 'Virtually All' Its Long-Range Precision Missiles On Iran

US forces "used up virtually all" of their precision, long-range missiles during the course of the Iran war, and during the earlier heavy US-Israeli campaign of Operation Epic Fury, Reuters reported Tuesday.

This has raised serious "concerns about the military's ​readiness for future conflicts," informed sources told the outlet. In particular it is the Army Tactical Missile Systems (ATACMS) and Precision Strike Missiles (PrSM) which are said to be running critically low.

US Army file image

"Washington has used virtually all of these weapons," two sources told Reuters, after several media reports and think tank studies had already sounded the alarm over dwindling missiles amid both the Iran war and in the years-long process of supplying Ukraine. Low Patriot defense missile supplies have also been a persisting issue in the headlines.

They are costly and time-consuming in terms of manufacturing replacements. For example a single ATACMS munition costs about $1 million.

One immediate consequence could be that if heavy bombardment of Iran starts up again, the US would have to conduct riskier piloted aerial bombings - instead relying on longer range precision strikes afforded by the land-based systems at safer distances.

And another, somewhat obvious consequence, is highlighted in the following: "But as ​the war drags on, the three people familiar with the matter expressed worry that the falling missile supplies could limit the U.S. ability to deter adversaries, including Russia and China."

The report added: "A fourth person ⁠familiar with the matter said that while Central Command — which oversees U.S. forces in the Middle East — has nearly used up the land-based missiles it had before the war began, it has been able to reload from U.S. military supplies elsewhere in the ​world."

President Trump has of late responded to these now widespread reports of badly depleted advanced munitions, explaining that "Our defense companies are, at this moment, making more munitions than they have ever made before, ​in addition to expanding their plants and equipment at record levels."

Additionally,  Secretary of War Pete Hegseth took to social media to refute the report, calling it false news.

“That banner is NOT TRUE, CNN. Shame on you,” the Pentagon chief said in a post on X. “We don’t hate the Fake News media enough.”

Hegseth was specifically referring to a CNN on-screen banner that read: “Sources: U.S. has used nearly 80% of key missile interceptors in Iran war, top commanders warn stockpiles dangerously low.”

However, the Reuters report has set off speculation that Trump's weekend backtracking on planned 'harder' Iran strikes could have been in part because the Pentagon has warned of waning supplies and capabilities regarding conventional way of doing long-range missile strikes.

We’re out of crucial defensive weapons systems, and now we’re out of crucial offensive weapons. Other than that, Sir, how’s the war going? https://t.co/qXNiSLHQho

— Mark Ames (@MarkAmesExiled) August 4, 2026

Critics of the decision to go to war in the first place have warned over this very scenario of exhausting Pentagon stockpiles. Those against this war of choice say that it's the opposite of America First - and that ultimately the war is about protecting Israel and not necessarily American security and interests.

The reality also is that in the opening days of Operation Epic Fury, the US seemed underprepared for the ferocity of the Iranian response. At least 13 American bases in the region were hit and damaged in just the opening weeks of the war, to the point that US forces across the region had to be moved back from front line Gulf areas, and energy sites across the region were pummeled and suffered billions of dollars in damage.

Tyler Durden Wed, 08/05/2026 - 20:30
Tyler Durden

China's Power Demand Hits Records As Heatwave Grips Key Regions

Zero Rss
2 months ago
China's Power Demand Hits Records As Heatwave Grips Key Regions

By Irina Slav of OilPrice.com

Electricity demand in much of China hit a record this week due to scorching summer temperatures, driving grid loads to all-time highs, the State Grid Corporation of China said today, as cited by Reuters.

On Monday and Tuesday, the company said, electricity loads reached a record in the country’s northern, northeastern, and eastern regions. No blackouts have been reported, however, as the grid operator moves in time to direct more baseload electricity where it is needed for air-conditioning.

According to forecasts from the Chinese state meteorological agency, temperatures across much of China will remain high, in some cases potentially reaching or even exceeding historical peaks, the Reuters report also noted.

In January this year, State Grid Corporation of China, the world’s largest utility enterprise covering 88% of China’s land area and serving over 1.1 billion people, said it planned to spend $574 billion (4 trillion Chinese yuan) on fixed-asset investments for the five years to 2030, as part of its 2026-2030 investment plan.

The sum is 40% higher than what the State Grid Corporation of China spent in the previous five-year investment period to 2025. The company will use the money to upgrade and expand the power transmission and distribution systems amid a surge in renewable energy capacity installations and a continued rise in electricity demand.

China is the world’s biggest builder of wind and solar, but it has also expanded its coal-powered generation capacity to ensure stable supply that can respond to demand changes in a timely fashion. Yet the country is also building out its battery storage capacity to be able to utilize more of its wind and solar electricity output. China plans to have its battery storage capacity more than double to 180 gigawatts by 2027 in a new plan aimed at attracting $35.1 billion (250 billion yuan).

Tyler Durden Wed, 08/05/2026 - 20:05
Tyler Durden

Federal Operation Takes More Than 800 Dangerous Truckers Off US Highways

Zero Rss
2 months ago
Federal Operation Takes More Than 800 Dangerous Truckers Off US Highways

Authored by Kimberly Hayek via The Epoch Times,

Federal authorities took more than 800 dangerous truckers off America's roads in a three-day enforcement action, officials revealed Tuesday. In the operation, they targeted unqualified foreign drivers and unsafe commercial vehicles.

A truck drives through the Port of Oakland in Oakland, Calif., on Nov. 14, 2025. California has revoke 17,000 commercial driver’s licenses improperly issued to foreign drivers, about 2.5 percent of all commercial licenses in the state. Justin Sullivan/Getty Images

The most recent wave of Operation Highway Shield was conducted from July 28 to July 30. Inspectors from U.S. Immigration and Customs Enforcement's Homeland Security Investigations collaborated with the Federal Motor Carrier Safety Administration and state highway patrols. They conducted roadside checks on illegal, unvetted drivers and vehicles that failed basic safety standards.

Officers detained 51 illegal immigrants over the course of three days, including 21 drivers holding non-domiciled commercial driver licenses issued by California and New York. Authorities placed 766 unsafe drivers and vehicles out of service. They arrested 86 operators for dangerous behavior, such as road rage and domestic violence. Officials issued 36 violations for failing English language proficiency tests, and nearly $1 million in stolen cargo was recovered.

Department of Homeland Security (DHS) Secretary Markwayne Mullin and Department of Transportation (DOT) Secretary Sean Duffy announced the early results. Mullin underscored the risks unqualified drivers pose when they are behind the wheel of large trucks.

"When illegal aliens are behind the wheels of semi-trucks, they are putting American lives in danger," DHS Secretary Markwayne Mullin said in an X post.

Duffy said the effort was part of President Trump's directive to secure roads, eliminate fraud, and restore integrity to the trucking industry.

"Every life lost from an illegal trucker behind the wheel of a big rig is a completely preventable tragedy - and this administration will not stand for it," Duffy said.

"If you continue to illegally operate a big rig - your days on America's streets are numbered," the Secretary warned.

Last month, DHS and DOT announced a partnership in an effort to probe fraudulent and illegal practices at commercial driver license schools. Officials have said the schools issue credentials to unqualified individuals, including illegal immigrants, allowing them to drive semi-trucks on public highways.

Roadside inspections entail officers checking licenses, testing language proficiency required for reading road signs and understanding instructions, examining vehicle condition, and reviewing driver records. Failures in any of those areas can lead to immediate out-of-service orders. The targeted driver or vehicle can no longer be operated until deficiencies are fixed or the driver is removed from the road.

English language proficiency has become a key area of focus. Federal rules require commercial drivers to be capable of communicating sufficiently in English to understand highway signs, respond to law enforcement, and handle emergencies.

Tyler Durden Wed, 08/05/2026 - 19:15
Tyler Durden

Tit-For-Tat: China Hits Back At US With Tighter Drone Export Controls

Zero Rss
2 months ago
Tit-For-Tat: China Hits Back At US With Tighter Drone Export Controls

Sino-US relations are showing renewed signs of deterioration ahead of President Xi Jinping's expected visit to the US in late September. Beijing is retaliating against a series of recent U.S. trade restrictions.

The Financial Times reports that the Commerce Ministry is set to review exports of drones, critical components, and related dual-use technologies on a "case-by-case basis." The report did not mention the exact details.

The ministry also barred Chinese companies from dealing with Applied DNA Sciences and five other U.S. entities accused of "supporting illegal U.S. sanctions concerning Xinjiang."

The ministry's announcements come as the Trump administration has added 43 Chinese companies to its forced-labor import blacklist and imposed tighter Federal Communications Commission restrictions on Chinese drones, routers, telecommunications equipment, and other high-tech devices.

Here's the reporting on US restrictions:

  • "Safeguard Our Homeland": FCC Moves To Ban Foreign Military-Grade Drone Imports
  • Trump Admin Set To Ban Chinese Robots In "Economic Security" Push
  • Trump Admin Drafting Ban On Chinese Optical Transceivers To Protect Data Centers From Spying

The "measures seriously violate the important consensus reached by the two heads of state and severely damage China's legitimate rights and interests. China has no choice but to take necessary countermeasures in response," the ministry wrote in a statement.

Uncertainty surrounding Beijing's drone export controls should concern U.S. hobbyists and commercial operators. China remains the epicenter of the global drone industry and is home to major manufacturers, including DJI, Autel Robotics, and XAG, leaving US buyers exposed to potential disruptions in drones, components, and replacement parts.

Looking ahead, Xi is expected to arrive at the White House on September 24 for a meeting with President Trump.

"President Xi is coming over on September 24, and ‌we talked about it (artificial intelligence) when I was over in Beijing, and we'll be talking about it again," Trump recently said.

Polymarket odds have Xi's US visit at 93% odds.

//--> //--> Will Xi Jinping visit US before 2027?
Yes 93% · No 8%
View full market & trade on Polymarket

The only problem here is that shell companies and intermediaries can often find workarounds to corporate sanctions. That became clear earlier this year when banned Nvidia AI chips ended up in China.

Tyler Durden Wed, 08/05/2026 - 18:50
Tyler Durden

Argentina's Milei: Ending the Debt State By Holding Politicians Personally Accountable For Fiscal Excess

Zero Rss
2 months ago
Argentina's Milei: Ending the Debt State By Holding Politicians Personally Accountable For Fiscal Excess

Submitted by Thomas Kolbe

Only contrast reveals one's own mistakes. Javier Milei is the antithesis of Germany's political class, and the comparison could hardly be starker.

While Germany continues to expand the state, Argentina is slashing subsidies and radically reducing the size of its public bureaucracy. While Berlin piles up enormous amounts of public debt, Buenos Aires is posting a primary budget surplus. Friedrich Merz believes in the healing powers of state intervention, whereas Milei is deregulating markets and paving the way for an investment boom.

Argentina has achieved an economic turnaround while Germany continues its economic decay. Argentina's economy is growing steadily, private-sector employment is expanding, and the poverty rate is falling rapidly.

At a time when Germany is doubling down on debt, the arms industry, and green state planning, Milei appears like a comet defying both political gravity and conventional doctrines of government.

The Argentine president's latest initiative is the so-called "Grillete Fiscal"—literally, the "Fiscal Shackles."

Behind the martial name lies what amounts to a fiscal revolution. Milei first unveiled the proposal in his characteristically entertaining style during a televised address to the Argentine people. The bill must still be approved by Congress, where his party, La Libertad Avanza, is expected to secure the support of allied parliamentary factions in both chambers.

Although Milei lacks a parliamentary majority of his own, his alliances have thus far proved remarkably resilient.

If enacted, the legislation would break with one of modern politics' unwritten rules: the assumption that governments can always buy votes with higher spending, higher taxes, and ever more debt. The business of burdening future generations and taxpayers with politically manufactured credit expansion would, at least for the time being, come to an end.

Milei's idea is straightforward: future Argentine governments should have their wings clipped before they are even able to take flight on another debt-financed spending spree.

The mechanism is equally straightforward. Should the federal budget remain in deficit for several consecutive months, Congress would be given a deadline to restore fiscal balance. Failure to do so would automatically trigger a U.S.-style government shutdown. Non-essential government activities would be suspended automatically—without further parliamentary debate or political horse-trading. The President, Vice President, cabinet ministers, state secretaries, and every member of both houses of Congress would receive not a single peso in salary until the budget is balanced once again.

Furthermore, all new spending would be frozen. No new contracts could be awarded, and no additional public employees could be hired. Even more striking, discretionary transfers from the federal government to Argentina's provinces would also be suspended.

At the same time, the law deliberately protects the state's core responsibilities. Pension payments, healthcare services, unemployment benefits, as well as the salaries of police officers, members of the armed forces, and correctional staff would remain fully exempt from these austerity measures.

For Germany's statists, such a proposal is almost unthinkable. Rather than engaging with Milei's ideas or his policies, they prefer to ignore him altogether. For Chancellor Friedrich Merz, Milei has become something of a red flag. On one occasion during a televised interview, Merz claimed that the Argentine president was ruining his country and trampling on its people.

A typical Merz response. The German chancellor views the world through a prism that distorts reality. He speaks like a genuine believer in the omnipotent state—a conviction that has never been shaken by a lifetime spent safely within the political establishment.

Then, every once in a while, someone breaks ranks within Germany's left-wing consensus and says out loud what many of them truly think about Milei. He is supposedly "authoritarian," they claim, and a threat to human rights. In April of this year, Germany's Left Party even introduced a parliamentary motion describing Milei as "ultra-neoliberal." Coming from one of Germany's most statist political parties, such a label should be taken as a compliment. It says far more about the intellectual limitations of its authors than about Milei himself.

What is both striking and disturbing is how closely the German chancellor's rhetoric has drifted toward the coarse vocabulary traditionally associated with the political left.

Yet even Javier Milei cannot truly satisfy Germany's libertarians. Their intellectual figurehead, Hans-Hermann Hoppe, the former University of Nevada, Las Vegas professor and a student of Murray Rothbard, complained only months into Milei's presidency that he had failed to deliver on his central campaign promise: abolishing the central bank.

The criticism exposes a fundamental weakness of many libertarians: they inhabit the theoretical world of textbook logic. Within that framework, it seems inconceivable that abolishing the central bank overnight could derail Milei's entire presidency. It requires little imagination to picture the alternative—a financial collapse followed by the fall of the government, precisely the kind of scenario that would jeopardize Milei's entire reform project.

But it is not Milei's job to please everyone. In the end, every successful political leader disappoints almost every constituency. He hands out no favors and makes no empty promises. His uncompromising austerity program is detoxifying the state, restoring market economics, dismantling subsidies—and turning into losers all those who had long lived off the public purse without productive contribution, sustained by political patronage rather than genuine economic necessity.

If Milei stays the course and Argentina continues to regain stability, he is likely to go down in the nation's history as a libertarian reformer who combined conviction with prudence. Germany's statists—from Friedrich Merz and Lars Klingbeil to Ursula von der Leyen—would do well to prepare themselves. They may ignore him, ridicule him, or insult him, but reality has a habit of quietly making its way into people's minds.

As Nietzsche wrote in Thus Spoke Zarathustra: "Thoughts that come on dove's feet guide the world." Sometimes, however, they arrive accompanied by the roar of a chainsaw.

* * * 

About the author Thomas Kolbe, a German graduate economist, has worked for over 25 years, he has worked as a journalist and media producer for clients from various industries and business associations. As a publicist, he focuses on economic processes and observes geopolitical events from the perspective of the capital markets. His publications follow a philosophy that focuses on the individual and their right to self-determination.

Tyler Durden Wed, 08/05/2026 - 18:25
Tyler Durden

Japan Looks To Palantir For Battlefield AI

Zero Rss
2 months ago
Japan Looks To Palantir For Battlefield AI

Japan is preparing to introduce AI into the command-and-control systems of its Self-Defense Forces as part of a wider military modernization effort aimed at improving operational speed and interoperability with the United States, according to Nikkei. 

Under the proposal, multiple U.S.-developed AI platforms would support commanders by processing battlefield data, assisting with tactical decisions, and coordinating operations across missions such as missile defense, counterstrikes, and drone deployments. The initiative is expected to be incorporated into revisions of Japan's national security strategy later this year as the government reshapes its defense posture over the next five years.

Among the technologies under consideration are Palantir's Maven Smart System, which analyzes intelligence and recommends targets and tactics, and Anduril's Lattice AI, which fuses information from sensors into a single operational picture while enabling autonomous coordination of drones and other assets in contested environments.

Nikkei reports that Japan currently lacks AI-enabled command systems, but officials see the technology as essential for keeping pace with increasingly data-intensive and fast-moving military operations. As cooperation with U.S. forces deepens, particularly following the launch of the Joint Operations Command in 2025, narrowing the gap in decision-making speed has become a growing priority.

At the same time, Tokyo is seeking to avoid long-term dependence on foreign technology. One proposal would place a Japanese-developed AI layer above the U.S. systems to determine which model is best suited for a given task. Sakana AI's Fugu, designed to orchestrate multiple AI models, has emerged as a leading option for this role and already works with Japan's Defense Ministry.

The government also plans to host the supporting data infrastructure within Japan to better protect sensitive military information. Even so, officials acknowledge that maintaining compatibility with U.S. AI platforms will be critical, creating a balance between rapidly adopting proven foreign technology and preserving the flexibility to transition to domestic AI capabilities in the future.

Tyler Durden Wed, 08/05/2026 - 18:00
Tyler Durden

OpenAI, Anthropic Models Created Fake Profiles, Tried To Trick Humans During Cyber Tests

Zero Rss
2 months ago
OpenAI, Anthropic Models Created Fake Profiles, Tried To Trick Humans During Cyber Tests

Authored by Naveen Athrappully via The Epoch Times,

Artificial Intelligence (AI) models from Anthropic and OpenAI carried out unsanctioned actions targeting multiple people and organizations during a cyber evaluation, according to the UK AI Security Institute (AISI).

Illustration of Anthropic on June 18, 2026. Riccardo Milani/Hans Lucas via AFP via Getty Images

AISI, which receives access to advanced AI models under voluntary agreements from major labs, put the agents through a fictional cybersecurity scenario to test capabilities.

The organization tested multiple AI models on two cyber challenges between July 25 and 28. In total, the challenges were run 122 times across several models, and in 19 cases, the AI models took "unsanctioned action on the live internet, including cases that targeted real people and organisations," AISI said in an Aug. 4 report.

Out of these, 17 were done by Anthropic's Mythos 5 model and two by OpenAI's GPT 5.6 Sol model.

"This is the first time AISI has seen deception of this severity that was targeted at a real person, unprompted, in the real world. It is uncertain to what extent the model recognised it was taking actions against real people," AISI stated in the report.

In the most serious incident, Mythos 5 tried to solve a cyber challenge by attacking GitHub, a cloud service that allows developers to store and manage code. The AI created a GitHub account and tried to get a malicious code approved by humans. Mythos 5 also created a second GitHub account, masquerading as another human user endorsing the malicious code. When a human reviewer caught the activity, the AI agent "falsely claimed to have made an honest mistake" and then repeatedly tried to reintroduce the malicious content by claiming the code was fixed.

Mythos 5 also sent multiple emails to two developers in an attempt to manipulate the recipients into running its malicious code.

According to AISI, the test runs of the various models did not result in any real-world harm. The organization said it was treating the AI actions as a "serious security incident" that requires further scrutiny.

AISI listed multiple factors that could have led to AI models acting in a concerning manner. The AIs were provided with internet access during the tests, which allowed them to carry out the unsanctioned actions.

AISI had also deliberately disabled the models' cyberclassifiers during tests. Cyberclassifiers are systems aimed at preventing misuse.

The AI models were also not explicitly told what they were prohibited from doing on the internet, AISI said, adding that clearer instructions may have prevented the unsanctioned actions.

In an Aug. 4 blog post, AISI said that since the behavior of AI models happened under specific conditions, it cannot say how likely such behavior will be in different contexts.

"What we can say is that the behaviour was possible, sustained, and new; that alone warrants attention," the organization said.

In an Aug. 4 post on X, Anthropic said that Mythos 5 and ChatGPT 5.6 Sol models attempted to complete their assignments in an environment where they were deliberately provided internet access and their normal safeguards were removed.

Due to the absence of specific restrictions on how the internet must be navigated and lack of safeguards, the models were tested under conditions that are "not representative of any of our production models," Anthropic said, adding that there was no evidence in these tests of an AI escaping from a secure environment.

According to the company, it was closely working with AISI to access more details on the incident while carrying out an internal investigation on the matter.

OpenAI said in an Aug. 4 statement that it appreciated AISI's partnership throughout the evaluation process, including the organization's work to identify, investigate, and share details about the activity of the GPT 5.6 Sol model in their tests.

"We look forward to continuing our collaboration together," the company said.

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

OpenAI was in the midst of another controversy last month after it admitted on July 28 that its models bypassed restrictions during an evaluation. In this case, the company was testing its models' capabilities in carrying out cyberattacks.

AI startup Hugging Face was impacted in the test. On July 16, the startup said it detected an intrusion into its data processing systems. It was only later that the startup learned that the intrusion was carried out by an OpenAI model.

HuggingFace then worked with OpenAI to contain the attack, the startup's CEO, Clement Delangue, said in a July 22 post on X, calling it "an attack unlike anything we've seen before."

"This is day one for cybersecurity in the age of agents & we're all learning that secrecy is not the answer & that all defenders (not just a few selected ones) everywhere need more powerful models without restrictions, especially open ones," Delangue said.

A robot hand reaches out to the letters AI (Artificial Intelligence) in an image taken at an undisclosed location on June 23, 2023. Dado Ruvic/Reuters Tyler Durden Wed, 08/05/2026 - 17:40
Tyler Durden

Jim Cramer Just Sold His Bitcoin And Bulls Couldn't Be Happier

Zero Rss
2 months ago
Jim Cramer Just Sold His Bitcoin And Bulls Couldn't Be Happier

Looks like $100,000 bitcoin may be on deck, because Cramer is selling.

The ultimate inverse indicator Jim Cramer says he is selling all of his bitcoin, warning that rapid advances in quantum computing could threaten the cryptocurrency’s security within the next three to four years, according to Cointelegraph and Coindesk.

The CNBC host made the decision after interviewing IBM CEO Arvind Krishna, who urged investors to be "paranoid" about the potential impact of quantum computers on modern cryptography. Cramer said the conversation convinced him it was time to exit his bitcoin position.

Crypto traders, however, largely shrugged off the warning. Instead, many celebrated the announcement, reviving the long-running "inverse Cramer" meme, which jokingly treats his bearish calls as bullish signals. "If Cramer is selling, it's time to start buying," one trader wrote on X.

Bitcoin barely reacted, continuing to trade around $64,000 despite Cramer's comments, a recent Coldcard security incident, and signs that large bitcoin holders have begun moving or selling coins as overall crypto trading volumes decline.

The quantum computing debate itself remains unsettled. Some analysts believe bitcoin may need to transition to quantum-resistant cryptography within the next several years, while others argue practical quantum computers capable of breaking Bitcoin's encryption are still decades away. Even if such a breakthrough occurs, experts note it would threaten far more than cryptocurrencies, potentially disrupting banks, governments, and nearly every digital system that relies on modern encryption.

Cramer's latest warning also comes with plenty of historical baggage. The television personality has become famous for making high-profile market calls that later proved spectacularly wrong, from recommending Silicon Valley Bank shortly before its collapse to repeatedly changing his stance on bitcoin over the years.

That track record has turned "inverse Cramer" into one of Wall Street's favorite running jokes, with many investors instinctively betting against his latest prediction rather than following it.

Tyler Durden Wed, 08/05/2026 - 17:20
Tyler Durden

DHS Confirms Over 3 Million Total Deportations, Highlights Arrests Of Five More "Worst Of The Worst" Criminal Illegals

Zero Rss
2 months ago
DHS Confirms Over 3 Million Total Deportations, Highlights Arrests Of Five More "Worst Of The Worst" Criminal Illegals

Authored by Debra Heine via American Greatness,

US Immigration and Customs Enforcement (ICE) on Monday arrested five more “worst of the worst” criminal illegal aliens convicted for heinous crimes, including voluntary manslaughter, criminal indecent exposure, aggravated assault, and fentanyl trafficking.

According to the Department of Homeland Security (DHS), more than three million illegal aliens have left the United States due to the Trump administration’s immigration crackdown: 2.2 million self-deportations, and over 985,000 deported by DHS.

Each of the five violent criminals highlighted by DHS Tuesday were arrested in deep blue sanctuary cities where anti-ICE agitators continue to harass immigration officers.

  • Fernando Ruiz-Maldonado, a criminal illegal alien from Mexico, convicted for voluntary manslaughter in Los Angeles, California.

  • Sergio Loya-Lozano, a criminal illegal alien from Mexico, convicted for criminal indecent exposure, hit-and-run, and TWO counts of driving under the influence in San Jose, California.

  • Olman Josue Pineda-Jimenez, a criminal illegal alien from Honduras, convicted for aggravated assault and harassing communications in Charlotte, North Carolina.

  • Heriberto Hernandez-Sosa, a criminal illegal alien from the Dominican Republic, convicted for fentanyl trafficking in Worcester, Massachusetts.

  • Jose Manuel Pertuz-Pena, a criminal illegal alien from Venezuela, convicted for aggravated unlawful use of a weapon in Cook County, Illinois.

Immigration agents continue to carry out their law enforcement duties in blue sanctuary enclaves despite the left’s relentless coordinated campaigns of violence against them.

According to DHS, immigration officers have experienced a 1,300+ percent increase in assaults against them, a 3,300 percent increase in vehicular attacks, and an 8,000 percent increase in death threats.

“Every single day, we are REMOVING criminals from American communities. Just yesterday, ICE arrested murderers, sexual predators, violent assailants, drug traffickers, and other dangerous criminal illegal aliens,” said DHS Secretary Markwayne Mullin.

“Under the Trump Administration, the Department of Homeland Security is enforcing the law, deporting criminal illegal aliens, and defending the homeland. It’s no wonder crime rates have reached historic lows.”

DHS has listed over 40,000 illegal alien criminals on their Worst of the Worst (WOW) website which tracks ICE arrests of murderers, rapists, pedophiles, violent gangbangers and arsonists.

A DHS spokesperson told American Greatness Tuesday that over 985,000 illegal aliens have been deported since President Trump took office. An additional 2.2 million have self-deported.

“In President Trump’s first year back in office, more than 3 million illegal aliens have left the U.S. because of the Trump administration’s crackdown on illegal immigration including an estimated 2.2 million self-deportations,” the spokesman said via email.

“As of July 12, we have now deported over 985,000 illegal aliens and arrested over 1 million illegal aliens.”

Tyler Durden Wed, 08/05/2026 - 17:00
Tyler Durden

Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates

Zero Rss
2 months ago
Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates

Sandisk was one of the largest public holdings of the hedge fund of 24-year-old former wunderkind, Leopold Aschenbrenner, and its July collapse from $2300 to $1000 was chief the main reasons why the former OpenAI employee had to liquidate his extremely overlevered hedge fund and sell all positions at a 10% discount to Citadel to meet a volley of endless margin calls.

Well, if he has some dry powder left he just may be able to repurchase some or all of his portfolio from Ken Griffen following the plunge of Sandisk after hours (we jest, of course), not because earnings were weak - they beat solidly - but because the company's revenue guidance was very disappointing... and for a stock like SNDK which is priced to perfection beyond 2030 on the assumption that nobody else can produce the biggest commodity product in electronics - memory chips - the guidance was rather dismal. 

Here is what SNDK reported for fiscal Q4:

  • EPS $39.25 vs Est. $34.37
  • Revenue $8.97BN vs Est. $8.64BN
    • Data Center Revenue $3.0B vs Est. $2.6B
  • Operating Income $7.0B vs Est. $6.4B
    • Adjusted gross margin 84.6%, estimate 81.5%
  • Free cash flow $7.08 billion

And while historical were fine, it was the company's Q1 guidance that sent its stock tumbling after hours: 

  • Sees revenue $10.30 billion to $10.80 billion, far below the median estimate of $11.16 billion 
  • Sees adjusted EPS $44.00 to $46.00, a midline also below the estimate $45.58

Commenting on the results, SNDK said that "as the cloud and other data-intensive workloads continue to expand, we remain confident in the long-term growth trajectory of our business, further margin expansion, and strong free cash flow generation."

Perhaps, although one look at prevailing NAND prices indicates that the peak is now well in the rearview mirror...

... and the market agrees with the stock, which surged about 40% in the past few days since the Citadel takeover of the Situational Awareness hedge fund, sliding and back to about half of its all time high hit in early June.

Tyler Durden Wed, 08/05/2026 - 16:45
Tyler Durden

They Really Don't Care

Zero Rss
2 months ago
They Really Don't Care

Authored by Todd Hayen via Off-Guardian.org,

This might not apply to all sheep-types, but many of the ones I have encountered simply do not care. This could be the reason we can’t seem to get through to them with the facts we are constantly shoving down their throats. Of course, the ones I’ve talked to may just be saying they don’t care to shut me up, but I really don’t think so. They seem pretty sincere.

How could they not care? Now, that is the $64,000 question. People, in general, do not care about things they do not see directly affecting them. They should, but they don’t. People these days, at least, don’t seem very skilled at discerning things that will—if not cared about—eventually bite them in the ass. I think people used to be better at determining such things.

They used to see war in a neighbouring country, for example, and say, “Hmmm, if we don’t do something about that, those bloodthirsty marauders may be over here next.” People who thought that way—speculating about a potential ass-bite—actually disappeared a long time ago, if they ever existed at all.

Still, my point stands: if it doesn’t directly affect them in the present moment, they don’t care.

Sorry, I think that is weird.

And, of course, people seem very inconsistent about this.

Some things they do care about, and usually those things are not as important as the things they should care about.

Take immigration control and enforcement, for example. Most people leaning to the left seem to care very much about the treatment ICE gives to people suspected (or legally determined) to be in the US illegally. They worry about their rights, their families, and the way they are arrested and deported. Yes, some of these worries are legitimate.

Everyone should be treated fairly and respectfully by law enforcement officials, and if they are not, it is right to complain about it through the proper channels. But none of these people seem the least bit concerned about how millions of illegal—and often criminal—people will degrade the way of life for everyone already living here.

I often ask, “So, do you want open borders then, and as a result, never have laws about enforcing the rules regarding immigration?” They will invariably say, “Oh no, I do believe we should control our borders!” Go figure.

The same story goes for free speech. People may seem to care about hate speech and speech that does not fit their worldview, such as Charlie Kirk’s speaking about the negatives regarding transgenderism or abortion. But if you ask them, “So, you don’t believe in free speech then? You think the First Amendment of the US Constitution is idealistic hooey?” They will invariably say, “No, of course I believe in free speech!” But they don’t. Go figure.

They can’t see far enough ahead to recognize the consequences of cherry-picking speech—eliminating what they think is offensive and keeping only the “important stuff.” Unfortunately, you can’t do that, and up until recently people knew that. There is a consequence for freedom, and sometimes it isn’t pretty.

I think a lot of the time this “I don’t care” attitude stems from the fact that people don’t seem to care much about principles. Of course, that does depend on the “principle.” Using the immigration example again to illustrate this point: those against deporting illegal aliens seem to care about the principle of “kindness” and “loving your neighbour” and “no one should be hurt, for pretty much any reason.”

Yet they contradict this attitude in dozens of ways: expecting that people be put into prison for not calling someone by their chosen pronoun, or arresting someone giving a speech about the atrocities being committed in Gaza—they see these examples as hate speech. In these cases, it is fine to be arrested. But sneaking into the US illegally, or doing so and lying about your criminal record? That’s all okay.

I feel the shrew-types are (see my Substack for a definition of “shrew”) very aware of principles. The destruction of free speech and even the obliteration of privacy in the US is not necessarily affecting people directly (except during Covid, when it certainly did, with persecution toward the unvaccinated and the loss of jobs and livelihoods). It is a “principle thing” for a lot of us. It is the wanton destruction of the very fundamentals our country (the US) was founded on.

Not only our constitutional rights, but the inalienable rights our Creator granted us. The writing on the wall exclaiming a future none of us will be comfortable in is clear and present. We hear the train a-comin’, rolling ‘round the bend…And it doesn’t look good.

So maybe shrews also don’t freak out over injustices until we feel them, but maybe we also see what’s on the horizon more logically and pragmatically than the sheep-types do. But that too is arguable. The sheepies certainly have no problem losing their cookies over Trump, even though there is little he is doing that directly affects them in a bad way (until recently, at least).

They too claim to be looking at future calamity to justify their hate. Yet Canadians adore Carney, and can’t seem to see what his antics are bringing onto Canada: soaring inflation and grocery prices, ballooning deficits and national debt (now larger than the economy), higher taxes, and escalating trade tensions with the US through tariff retaliation and protectionist policies that critics argue risk recession and long-term economic decline. Or, probably the most devastating, getting into bed with China and the Chinese Communist Party (“It’s not Communism,” they love to bellow, “It’s socialism.” Ha ha.)

We see these inconsistencies in a variety of ways. Obama’s approach to drone warfare was entirely ignored, yet anything Trump did that was similar (before the Iran catastrophe) was considered criminal.

But do they really care? Or are they just oddly selective about what they care about?

Maybe it is more the latter we are seeing. Maybe they do care, but about strangely inappropriate things. And then not care about things that are very appropriate to care about. Got me. All I can say for certain is that it is weird. Very weird. And I do care about that.

Tyler Durden Wed, 08/05/2026 - 16:20
Tyler Durden

FAFO: Democrat Candidate Threatening Beachgoers Gets Knocked Out Cold On Beach

Zero Rss
2 months ago
FAFO: Democrat Candidate Threatening Beachgoers Gets Knocked Out Cold On Beach

A Democrat hopeful gunning for a seat in Congress is sitting behind bars on $1 million bail after police described a chaotic beachside confrontation on Maui that involved a knife, repeated threats, and the candidate left unconscious in the sand.

Kirill Basin, the 40-year-old primary challenger to Rep. Jill Tokuda in Hawaii's 2nd Congressional District, faces two counts of first-degree terroristic threatening stemming from the Aug. 1 incident at Keawakapu Beach in South Kihei.

It started with a request to turn the music down. A 61-year-old man asked Basin to lower the volume, and Basin, police say, replied by implying he had a firearm and threatening to shoot the man's wife.

That was the point a bystander stepped in.

Footage circulating online shows the congressional candidate advancing aggressively toward a group of beachgoers before stepping back and declaring, "I told him if he wants to go to the hospital, come here."

Basin next confronted the man directly and swung a beach chair that failed to connect. A single return punch sent him sprawling unconscious onto the sand as the man stated, "Watch your fucking mouth."

Rather than remain down, Basin rose again, cautioned the man about facing "jail," and then rushed forward while yelling, "Come on, bitch!"

It was after the altercation, police say, that the knife came out. Basin allegedly armed himself and threatened multiple people before throwing the blade into the ocean. Lucky Kama, the bystander who has since spoken publicly, described it as a five-inch switchblade and said he found it and turned it over to officers.

"He ended up pulling the knife out on me after the altercation and that was obviously a game changer when I knew he was off," Kama said.

Basin's attorney flatly denies any weapon existed. "There's no evidence in any of these videos that have been circulated tremendously that he ever had a knife in his possession. He never had a firearm in his possession," Brandon Segal said. "These are just allegations. My client has a presumption of innocence."

Basin appeared in a Wailuku courtroom in handcuffs Tuesday. A judge kept bail at $1 million - an amount Segal called "outrageous" - and the court recommended Basin undergo a mental health assessment.

The beach episode is not his first brush with the charge. On May 29, Basin allegedly entered a county building in Wailuku while brandishing a firearm and got into a verbal altercation with county employees; police said additional charges from that incident remained under review. Court records show a history of arrests for assault and property damage.

Several people have taken out temporary restraining orders against him. Among them is Maui County Council member Thomas Cook, who said he feared for his own safety and his staff's after Basin disrupted a council meeting in May, becoming "aggressive and confrontational" and threatening violence against police and a council ambassador.

Hawaii's primary is Saturday, Aug. 8.

Tyler Durden Wed, 08/05/2026 - 16:15
Tyler Durden

Israel To Scale Back Gaza Strikes To Give Trump's Hamas Disarmament Plan A Chance

Zero Rss
2 months ago
Israel To Scale Back Gaza Strikes To Give Trump's Hamas Disarmament Plan A Chance

Authored by Tom Ozimek via The Epoch Times,

Israel has tightened restrictions on targeted strikes in Gaza, signaling that it intends to give President Donald Trump’s initiative to disarm Hamas a chance despite Prime Minister Benjamin Netanyahu’s firm public conditions for an Israeli withdrawal.

Senior Israeli security and political officials told Epoch Magazine Israel on Aug. 5 that Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Eyal Zamir has ordered that every targeted strike in Gaza receive his personal approval.

Such operations previously required approval from the head of the IDF’s Southern Command. Under the new directive, Zamir must also obtain authorization from Israel’s political leadership before a strike can proceed.

The officials said the change followed a request from Nickolay Mladenov, the Gaza envoy for Trump’s Board of Peace, to suspend Israeli strikes for two weeks while negotiations over Hamas’s disarmament move forward.

They said Israel wants to avoid a confrontation with Trump and demonstrate that it remains fully coordinated with the Board of Peace and committed to the president’s 20-point Gaza plan.

The remarks, made a day after Netanyahu publicly outlined Israel’s objections to the U.S. proposal, highlighted Israel’s coordination with Washington and signaled that Jerusalem remained open to continued negotiations.

Netanyahu said in an Aug. 4 video message that Israel would not withdraw from its current positions in Gaza until Hamas had been completely disarmed.

“President Trump and his team believe they can bring about Hamas’s disarmament and the demilitarization of Gaza,” Netanyahu said. “We are examining that.”

Netanyahu said Washington had sent Israel a draft proposal that his government had not accepted, adding that Israel had submitted its own comments.

“This is our position,” he said. “We stand firm in defending our interests, both wisely and resolutely.”

A senior Israeli official told Epoch Magazine Israel that despite the new restrictions on strikes, militants in Gaza would not have immunity. Anyone attempting to harm Israeli troops would be targeted.

Disarmament Talks

Trump announced on July 30 that the Board of Peace had reached what he called a historic agreement for the complete disarmament of Hamas and other armed groups in Gaza.

Under the proposed phased arrangement, military operations would stop before heavy weapons, tunnels, and weapons-production sites were decommissioned. Israeli forces would then withdraw as disarmament progressed, while an International Stabilization Force and a newly trained Palestinian police force assumed responsibility for security.

Gaza would eventually be governed by a technocratic Palestinian administration working with the Board of Peace, according to U.S. officials.

Hamas and other Palestinian factions agreed on July 31 to a gradual process for cataloging and storing their weapons under the supervision of the National Committee for the Administration of Gaza, according to the Board of Peace.

A central dispute remains over the sequence. Israel says Hamas must disarm before Israeli forces pull back from the roughly 60 percent of Gaza they currently control. Hamas says Israel must first stop its strikes and begin withdrawing.

The Board of Peace held what it described as a “constructive and detailed” meeting with Netanyahu and other Israeli officials in Jerusalem on Aug. 3.

“The goal is clear and is not in question: the complete decommissioning of weapons in the Strip and the transition away from rule by the gun to civilian governance,” the board said. “Reaching it will be a process.”

The prospect of an agreement has generated cautious optimism among some Gaza residents exhausted by nearly three years of war and displacement.

“We feel a sense of joy when we hear the news, and we hope it turns out to be true,” said Fatima Mohammed, a displaced resident.

Tyler Durden Wed, 08/05/2026 - 15:45
Tyler Durden

Hackers Launch 'Vishing' Cyberattacks Against Major Hedge Funds

Zero Rss
2 months ago
Hackers Launch 'Vishing' Cyberattacks Against Major Hedge Funds

Several major Wall Street firms have been hit with a wave of sophisticated cyberattacks using voice phishing, or 'vishing' to trick employees into revealing sensitive information or granting access, Bloomberg reports. 

Crash Override gets his ass handed to him by Acid Burn (Hackers)

The attacks targeted some of the world's largest hedge funds - including Citadel, Point72, and Two Sigma Investments, along with several private equity firms. 

Two Sigma, which manages $75 billion, says they were able to thwart the attacks.

"Our security team responded quickly to an attempted vishing campaign targeting Two Sigma and other investment managers, and we have no indication of any impact to our data or our systems," a spokesperson told BBG. "We continue to monitor the situation closely."

While we don't know if the hackers used AI, cybersecurity attacks targeting Wall Street firms have surged over the past year, as artificial intelligence tools allow for cheap, fast, and efficient attacks according to Align Managed Services president, Vinod Paul. 

"Before they could attack 50 entities in a targeted attack, now they can do 1,000," said Paul. "Hackers can also listen into a phone call and mimic the voice, tone and phrasings of the speakers to create fake calls."

In June, Google noted a wave of attacks this year against law firms and other professional service organizations - which also involved vishing, and people posing as IT workers to sneak into corporate offices. 

Finra is now involved...

The Financial Industry Regulatory Authority, which oversees broker dealers and securities professionals, has been in touch with member firms about recent attempted breaches, according to a separate person with knowledge of the matter.

Finra started the Financial Intelligence Fusion Center in March - a secure portal for Finra and its member firms to share intelligence about fraud threats and to help coordinate responses. That was in response to the increasingly sophisticated cyber and fraud threats that were being directed at financial services firms. -Bloomberg

"The terrifying thing about modern day AI systems is that they have commoditized this and made it possible to execute attacks at scale," said Will Wilson, the chief executive officer of Antithesis. "Everybody will have to seriously level up. Otherwise they are going to be in big trouble." 

Tyler Durden Wed, 08/05/2026 - 15:25
Tyler Durden

Former LAPD Officer Gets Life Sentence For Kidnapping Teen In $350,000 Crypto Robbery

Zero Rss
2 months ago
Former LAPD Officer Gets Life Sentence For Kidnapping Teen In $350,000 Crypto Robbery

Authored by Brian Danga via TheBlock.co,

Former LAPD officer Eric Halem was sentenced to life plus 15 years in state prison on Tuesday for his role in the December 2024 armed robbery of a 17-year-old in Koreatown, who was robbed of a hard drive containing $350,000 worth of bitcoin.

Los Angeles County Superior Court Judge Mildred Escobedo imposed the concurrent life terms for kidnapping and robbery after rejecting a last-ditch request by defense attorneys seeking a new trial, the Los Angeles Times reported. 

Halem had sought a new trial on grounds that his initial attorneys failed to call witnesses or examine key evidence.

However, Judge Escobedo denied that motion, noting that the evidence presented at trial showed Halem had acted out of "sheer and utter greed," adding that "there could've been no other conclusion."

During Tuesday’s sentencing, Escobedo noted Halem had preyed on individuals who “perhaps shouldn’t be seen as victims, because they were criminals themselves,” but that that didn’t excuse his actions.

To abuse his power, by masquerading as a police officer, “is heinous and egregious,” she said.

According to a district attorney's spokesperson, Halem must complete most of his 15-year sentence before serving the concurrent life terms and will be eligible for parole after seven years.

Halem was convicted in March following a two-week trial in which a jury found him guilty of kidnapping and robbery.

Prosecutors said Halem and three co-conspirators entered a high-rise apartment and forced the victim, identified in court as Daniel, to hand over the hard drive under threat of death.

Halem had left the LAPD nearly two years before the robbery but was still serving as a reserve officer at the time, according to the LA Times. 

He still faces pending charges in separate cases involving insurance fraud and another alleged crypto-related robbery, while his co-defendants have yet to stand trial, per the report.

Tyler Durden Wed, 08/05/2026 - 15:05
Tyler Durden

GTA VI Delay Fears Reignite As Ex-Rockstar Developer Says He "Would Not Be Shocked"

Zero Rss
2 months ago
GTA VI Delay Fears Reignite As Ex-Rockstar Developer Says He "Would Not Be Shocked"

Speculation about a delay to Grand Theft Auto VI is spreading online after a former Rockstar Games developer said that, based on his experience working on previous installments, he "would not be shocked" if the game slips again. Another postponement would add to the previous delays and spark frustration among gamers who have waited more than 13 years for a fresh, updated version of the series.

Jake Brigstock of Indy100, a British digital news website, spoke with former Rockstar Games animator Mike York, via covers.com, about his confidence that Rockstar Games will be able to release GTA 6 by November 19 on PS5 and Xbox Series X/S.

York said he "would not be shocked at all" if there does end up being another GTA 6 release date delay.

"Personally after being there and working on GTA 5, I don't currently work there so I can't give a confidence based off that, but based on my previous experience, they could delay it again," said York.

"Straight up, they could delay it again. They can.

"They can do whatever they want and people will wait right now, it doesn't matter. If they need to do what they need to do, they'll do it.

"So if November comes around and they're thinking 'this final mission we have is still not looking very good, and there are still a few bugs in this final mission', they'll push it six more months if they have to.

"I would not be shocked at all. I don't think it would hurt them or anything."

Another delay would abosutely crush confidence in gamers whp've waited 13 year for another re-freshing of GTA.

Rockstar began taking GTA preorders on June 25. Take-Two Interactive Software, the owner of the gaming studio, has seen its stock meet heavy resistance at the $250 level since mid-2025.

Polymarket odds for "GTA 6 launch postponed again?" have yet to really move on Indy100's report that was posted on Tuesday.

//--> //--> GTA 6 launch postponed again?
Yes 11% · No 89%
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Odds stand around 11%.

Tyler Durden Wed, 08/05/2026 - 14:45
Tyler Durden

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