Zero Rss

Red Sea Redux: Saudis Call For 'Coalition Of The Willing' To Protect Shipping From Houthis

Here we go again... after months ago President Trump urgently pushed for an international naval alliance to 'open' the Strait of Hormuz amid the Iran war, which was met with at the time with a collective cold shoulder from European allies, the Saudis are newly pitching the same to open up the Bab al Mandab Strait.

"Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from Houthi attacks, say two people familiar with the deliberations," Reuters reports Wednesday.

March 2024: Maxar Technologies image shows the sinking Belize-flagged ship Rubymar in the Red Sea after being attacked by the Houthis.

"The composition of the coalition has yet to be finalized and remains under discussion with dozens of countries, the sources add," the report continues.

The conflict has just hit the first day of month six of a 'little excursion' what the White House all the way back in February and March insisted would be a swift, limited, and successful action.

Fast-forward and now a key American regional ally pleads for a new 'coalition of the willing' focused on safe Red Sea passage as the Houthis take shots at Saudi vessels.

But these calls are again likely to merely fall on deaf ears, given few countries will likely want to send their navies up against an entrenched Houthis movement in Yemen which hasn't yielded after well over a decade at war with the Saudis, Emirates, and Israelis.

Also, Washington's global allies have likely long ago lost confidence in American 'plans' for reopening Hormuz and bringing the Iran war to a close. They don't see an articulated exit strategy, but instead a continual escalation ladder broken up for brief pauses and talks which have obviously collapsed.

The fact that Riyadh is now scrambling to find safe passage through the Red Sea for its ships speaks to the widening scope of this war. We earlier featured analysis from former MI6 intelligence official Alastair Crooke, whose words are apt here:

By adopting such uncompromising Manichaean language, Trump effectively has severed himself from any prospective diplomatic solution. By widening the war (Lebanon, Yemen, Syria and Iraq) he has severely complicated any diplomatic track. All elements are interrelated, yet they also have separate agendas. Thus a solution involves a complex matrix of issues, rather than a binary dispute between the US and Iran alone. 

Likely Washington will jump on board these Saudi calls for international patrols in the Red Sea. But the US is unlikely to lead the way or even directly participate, given this was already tried before in the context of the Gaza war, when the Houthis previously imposed a naval blockade.

"Although the Iranian stranglehold on the Strait of Hormuz is a key contributor to increasing prices, there is now a second pressure point – a new threat posed by Houthi rebels to shipping in the Red Sea." Read this excellent piece from Nathan L. Owen, Colonel, U.S. Air Force… pic.twitter.com/D93FIpB3S4

— VoteVets (@votevets) July 29, 2026

Despite many rounds of major US and Israeli bombing campaigns over Yemen, the Houthis maintained their ability to target ships in regional waters, and the most advanced militaries and navies in the world seem powerless.

Tyler Durden Wed, 07/29/2026 - 20:35

Secret Service Agent Arrested In Hazing Incident

Authored by Susan Crabtree via RealClearPolitics,

Secret Service agent Marquez Pinder was arrested and charged Sunday with five felony counts in a near-fatal fraternity hazing incident that occurred this spring, according to court documents.

RealClearPolitics first reported in June that the agent was put on administrative leave while local authorities in Miami investigated him in connection with an April hazing incident that caused severe damage to a fraternity pledge's kidneys. The victim is a law student at the University of Miami and was undergoing an initiation process to become a member of Kappa Alpha Psi, a prominent historically black fraternity.

Pinder, 29, who was booked in a Miami jail Sunday, faces felony charges of hazing, attempted manslaughter, and aggravated battery with a deadly weapon. Part of the hazing included paddling, which was allegedly so severe that the pledge's kidneys and skin were harmed, and he was rushed to the hospital.

Pinder's arrest marks the fifth known time this year that a Secret Service agent or Uniformed Division officer has run afoul of law enforcement.

• Last week, RCP reported that senior Secret Service agent Kenneth Premo, 50, who currently serves as a polygrapher, was arrested on July 6 and charged with a driving while impaired, assault on a law enforcement officer, and sexual battery in Virginia.
• In May, Secret Service Uniformed Division officer John Spillman was arrested in Miami after police responded to a complaint and found him naked and masturbating in a hallway.
• In March, Secret Service Uniformed Division officer Tristan Hale was arrested and faced charges for sending sexually explicit messages, images, and videos to a Lancaster County girl. Pennsylvania State Police charged Hale, 28, of Virginia with possession of child sexual abuse material, unlawful contact with a minor, corruption of a minor, and disseminating sexual materials to a minor.
• A Secret Service agent on the vice president's detail had his home raided by the FBI late last year in a wide-ranging tax fraud probe first reported by RCP.
• In addition, a Secret Service agent serving on Vice President JD Vance's detail is under internal investigation for either purchasing or trying to sell drugs to an undercover police officer, according to multiple sources.
• On New Year's Eve, a new Secret Service agent recruit shot and killed his 16-year-old half-brother and may have been responsible for another bullet grazing a woman's face on New Year's Eve. The suspect has claimed self-defense while Florida police continue to investigate.

Many current and retired agents have argued that the agency's ongoing DEI issues and lowering of hiring standards, as well as manpower shortages in recent years, have weakened the agency's ability to prevent or respond properly to multiple assassination attempts against Donald Trump, and provide security for the president's cabinet and dozens of other protectees.

Last week, the Secret Service placed an agent on administrative leave who was suspected of leaking complaints about manpower issues on Vice President JD Vance's detail.

Michael Townsend, the special agent in charge of the Secret Service's Miami Field Office, where Pinder is assigned, said the agency "takes seriously any criminal misconduct allegations involving one of our employees."

"We are fully cooperating with the investigation," Townsend said in a statement. "The Secret Service remains committed to accountability, professionalism, and integrity, and any misconduct will be addressed swiftly and appropriately upon completion of the investigative and judicial process," he added.

The Secret Service safely protected a heavily fortified rescheduled White House Correspondents' Association dinner on Friday. Agency leadership instituted several new security measures and checkpoints never before used for that particular event, along with a scaled-back guest list of 700 compared to the usual 3,000 attendees.

The dinner, which President Trump also attended, was rescheduled after the original event ended abruptly early in the evening when would-be assassin Cole Tomas Allen shot past a security checkpoint and a magnetometer that was being dismantled at the dinner. Besides Trump, guests at that dinner included several Cabinet members and dignitaries, including Erika Kirk, who fled the dinner in tears while other guests hid under tables and an elite group of trained Secret Service agents pointed guns at the ground, searching for any additional suspects.

Secret Service agent Victor Gonzales, who was honored at Friday's White House Correspondents' dinner, shot at Allen five times but missed. Allen tripped before he was apprehended by the Secret Service 45 yards from the stairs leading to the ballroom where the dinner was being held.

Gonzales was hit in his protective vest by buckshot from Allen's gun, according to the Secret Service. The White House Correspondents Association on Friday presented Gonzales an award for exceptional service to its members and guests.

Shortly after the original WHCA's jarring episode, Secret Service officers shot and hit a soldier visiting Washington D.C. with his family while agents were trying to stop another man firing at them outside a White House checkpoint.

Army Private Benjamin Del Real, 25, is on leave from the military and says he plans to sue the Secret Service. He was hit in the abdomen and critically wounded during the May incident. He's still recovering after two surgeries. The Secret Service has yet to publicly admit to shooting Del Real.

While he was recuperating at Walter Reed National Medical Center, Del Real told NBC News that a high-ranking Secret Service official visited him in the hospital to see how he was doing. Del Real's attorney, Joseph Murphy, said he has respect for the Secret Service. Yet, he said, the agency has "dropped the ball here over the last few years in terms of protecting many dignitaries, including the president at the correspondents' dinner."

"It seems to happen more frequently than it ever has in the past, and it's time to take a serious look at what's going on inside the Secret Service," Murphy added.

Sen. Marsha Blackburn sent Secret Service Director Sean Curran a letter demanding a full, immediate audit of the Secret Service following the string of embarrassing incidents, including the Allen incident at the White House Correspondents' dinner.

Citing RealClearPolitics' reporting, the Tennessee Republican demanded an immediate audit of every employee on the agency's payroll, demanding that the agency "root out the rot." In her letter to Curran, Sen. Blackburn said, "It is blatantly clear that the Secret Service needs to be cleaned up."

"Unless you root out the rot, our nation will suffer the consequences," Blackburn warned.

Law enforcement experts, including Fox News contributor Paul Mauro, who served 24 years with the New York City Police Department, have questioned why the Secret Service didn't provide more details sooner about the May exchange of fire near the National Mall and the suspect's injuries. Federal prosecutors charged 45-year-old Michael Marx of Midland, Texas, with assaulting federal officers with a dangerous weapon, among other crimes.

"A press conference over this recent mysterious shooting in D.C. wouldn't be a bad idea either," Mauro remarked in an X.com post. "USSS involved in more shooting incidents than NYPD these days. And that's ... new."

Former veteran Secret Service agent Rich Staropoli said the string of arrests for serious criminal charges shows that the agents "who are supposed to be elite investigators have shown an inability to police themselves - allowing things to fester until outside police or intel entities get involved and bring incidents into the public forum."

"The place needs a house-cleaning at all levels," he said. "This agency will do better with people who truly are worthy of trust and confidence even if it means dumping half the personnel."

Staropoli places a lot of the blame on previous Secret Service Director Kimberly Cheatle, who was appointed by former President Joe Biden and was forced to resign after the Butler assassination attempt on Trump.

"[Cheatle] followed the same DEI policies that the Biden crime family pushed - she bought into it as much as she bought into her own ability to actually do the job," he said.

The alumni and other senior fraternity members performing the paddling in the Florida hazing incident allegedly involving Pinder are referred to as NUPEs, which stands for "Negro Under Pressure Excelling," an acronym that Kappa Alpha Psi, a prominent historically black fraternity, has popularized. According to sources familiar with the fraternity scene the term refers to how diamonds are formed under pressure. Kappa Alpha Psi has championed the acronym as praise for black scholars, artists, and leaders who have responded to highly pressurized or historically restrictive environments by achieving "excellence" or success in their various fields.

Kappa Alpha Psi officially prohibits all forms of hazing. Nonetheless, several chapters have faced disciplinary action and suspensions from universities nationwide following allegations of physical and psychological abuse over the last 30 years.

In 2001 a Florida Agricultural and Mechanical University band member was beaten so severely his kidneys shut down, resulting in a $1.8 million lawsuit. In 2013, a Stevenson University student who became a member of Kappa Alpha Psi at Coppin State University-Powell claimed he was caned, paddled, and beaten so badly he needed days of hospital care, filing a $4 million lawsuit. A University of Mississippi chapter was suspended through 2025 after a student alleged repeated hazing incidents from spring 2019 through spring 2020.

Neither the Secret Service nor Kappa Alpha Psi's national headquarters responded to a request for comment.

The hazing incident underscores the continuing problems of college hazing. Earlier this year, three fraternity members at Northern Arizona University were charged in connection with the death of an 18-year-old student during a rush event. This month, Ohio State University revoked a fraternity chapter's status when a student was hospitalized after a hazing incident.

In 2019 Florida State University student Andrew Coffey died during an episode of fraternity-related drinking. Pinder was charged under a Florida law passed after Coffey's death that makes hazing a felony if it results in serious injury or death.

"Among some, fraternity hazing might be seen as a tradition creating a sense of belonging and brotherhood, but since 2001, hazing in Florida has killed Chad Meredith, Robert Champion and Andrew Coffey while seriously injuring others," Fernandez Rundle said in a written statement. "This case, with the victims requiring hospitalization, provide[s] clear-cut examples of hazing's danger. In Florida, hazing is abuse, and it is a crime," she said. "Its victims too often lie in their graves and in hospital beds."

Pinder's attorney, Justin Beckham, told the New York Times that his client was "grossly overcharged."

Also facing charges in the Miami hazing case are two other men whom authorities allege helped carry out the beatings. They are identified as Jared Lamar James, 26, and Elijah Delano Dyous, 29.

This article was originally published by RealClearPolitics and made available via RealClearWire.

Susan Crabtree is RealClearPolitics' national political correspondent.

Tyler Durden Wed, 07/29/2026 - 20:10

California Democrats Attempt To Sabotage Voter ID Initiative

In November, California voters will have the opportunity to vote on Proposition 39. The measure, officially the Voter Identification, Citizenship Verification, and Registered Voter List Administration Initiative, would require Californians to show identification when they vote and force state officials to clean up the voter rolls and verify that the people on them are eligible citizens.

All signs suggest it will pass. A poll from the UC Berkeley Institute of Governmental Studies found in May that 71% of Californians support requiring proof of citizenship for first-time voter registration, and 54% want it required before every election. However, Attorney General Rob Bonta is trying to make sure it doesn't pass.

His latest move came on July 21, just months before the November election, when Bonta rewrote the official ballot title for Prop 39, replacing the language he himself approved last year with a new title that proponents say is engineered to make voters reject it.

The original ballot title for the bill, approved by Bonta last year, read:

ESTABLISHES ADDITIONAL VOTER IDENTIFICATION AND CITIZENSHIP VERIFICATION REQUIREMENTS. INITIATIVE CONSTITUTIONAL AMENDMENT. This measure would amend the California Constitution to further require that voters present government-issued identification at the polls or the last four digits of a government-issued identification number when voting by mail; the State provide voter identification cards on request; and elections officials annually report percentage of each county's voters whose citizenship they have verified.

That language sat on every petition that more than 1.3 million voters signed over a year of circulation to qualify the measure for the ballot.

Bonta's revised version reads:

PROHIBITS CITIZENS FROM VOTING UNLESS THEY PRESENT GOVERNMENT-ISSUED IDENTIFICATION. INITIATIVE CONSTITUTIONAL AMENDMENT. Invalidates mail ballots that do not have last four digits of designated government-issued identification number written on envelope. Prohibits in-person voting without presenting government-issued identification.

Carl DeMaio, the Republican state assemblyman who chairs Reform California and serves as one of Prop 39's official proponents, called the rewrite a "blatant attempt to rig the November election."

"California politicians know that a supermajority of California voters support Prop 39's bipartisan solution for Voter ID - so now they are corruptly trying to rig the election by putting a biased and dishonest title on this common-sense measure," DeMaio said.

He also pointed out what he called the tell in Bonta's timing. "When Rob Bonta didn't think we could get the signatures on Prop 39, he provided a relatively fair ballot title - but now that the citizens have forced Prop 39 on the ballot, he decides at the last minute to corruptly try to rig the election against Prop 39 by changing the ballot title to a biased and dishonest one," DeMaio said.

Assemblymember Carl DeMaio, R-San Diego, speaks Monday, March 2, 2026, outside the Riverside County Registrar of Voters at a news conference by backers of a voter ID measure for the November 2026 ballot. (Photo by Anjali Sharif-Paul, The Sun/SCNG)

On Friday, DeMaio announced he is filing a lawsuit against Bonta "to force him to restore a FAIR ballot title to our Prop 39 Voter ID Initiative!" He concedes the effort is a long shot, since politician-appointed judges have blessed this sort of title manipulation for years.

Bonta's office rejects the accusation, calling the change routine and legally required. A spokesperson said the office is reviewing the lawsuit and takes seriously "our duty to prepare a title and summary and ballot label," adding, "we are confident the court will agree we have faithfully executed that duty here." The office notes that California elections code expressly allows a measure's ballot title to differ from its circulating title, and that this year all nine voter-proposed initiatives that qualified had their titles changed, not only Prop 39.

Word Games

In 2018, then-Attorney General Xavier Becerra, who is now running for governor, rebranded Proposition 6, the Gas Tax Repeal Initiative, as "Eliminates Recently Enacted Road Repair and Transportation Funding." Support collapsed from 65% to 45%, the repeal failed, and Californians now pay the highest gas prices in the country. The lesson Sacramento learned from that episode, critics say, was that word games work, and there is no penalty for playing them.

DeMaio still expects Prop 39 to pass in November. "We expected corrupt politicians like Rob Bonta to try to deprive voters of a fair election on Prop 39 - but this biased and dishonest ballot title takes election rigging to a whole new level even for California," he said. "These corrupt politicians are showing every voter why we need to enact Prop 39 to implement a bipartisan solution to Voter ID."

Despite his confidence, the California Democrats have shown they are willing to ignore the will of the people. When California voters passed Proposition 36, a tough-on-crime measure, by an overwhelming margin in 2024, the Democrat-controlled legislature refused to fund it, effectively sidelining the will of the voters.

Tyler Durden Wed, 07/29/2026 - 19:45

Chinese University Accused Of Sending Students To Factory Jobs Under Mandatory Labor Program

Authored by Michael Zhuang via The Epoch Times,

A Chinese university has come under scrutiny after an alleged internal safety agreement surfaced online alongside claims from a self-identified graduate that students were required to work on farms and in food-processing factories as part of a mandatory academic program while being denied basic workplace protections.

A seeder working a cotton field in Tumushuke, Xinjiang region, China, in an aerial photo taken on March 24, 2021. STR/CNS/AFP via Getty Images

The controversy centers on Xinjiang Agricultural University, which allegedly has for years required students to participate in a "Rural Support Labor Practice Course."

According to the graduate, students were sent to farms, state-run agricultural settlements, and tomato-processing plants for weeks of manual labor as part of their coursework.

Documents circulated alongside the online allegations appear to show an agreement between workers and a tomato-processing company stating that workers must assume full responsibility for workplace accidents, waive the right to seek compensation from the company, and acknowledge that the employer has no obligation to provide social insurance.

Critics interviewed by The Epoch Times said the arrangement raises questions about whether educational programs are being used to supply businesses with low-cost seasonal labor while shielding employers from legal liability. They spoke on condition of anonymity out of fear of reprisal.

Safety Agreement Raises Labor Concerns

On July 25, someone claiming to be a graduate of Xinjiang Agricultural University posted on Zhihu, a Chinese question-and-answer platform, describing the university's long-running labor practice program.

According to the post, second-year students typically suspend regular classes for about 20 days at the beginning of the academic year before being transported by the university to farms, agricultural units operated by the Xinjiang Production and Construction Corps, which has been sanctioned by the United States since 2020 due to its human rights abuses.

The Epoch Times could not independently verify the online allegations or the authenticity of the leaked documents.

Students allegedly perform seasonal work including harvesting cotton, peppers, grapes, and tomatoes, as well as operating on production lines in tomato paste factories.

Among the materials shared online was what appeared to be a safety management agreement between workers and a tomato processing plant. The agreement lists an employment period from July 28 to Oct. 30, 2024, with positions including packaging, material handling, and boiler assistance.

Those jobs are part of the factory's production process and involve industrial equipment, heavy lifting, and high-temperature working conditions, rather than short-term educational observation or training activities.

According to the agreement, workers must disclose any health conditions before beginning work. If they conceal medical information, the company may terminate the agreement without compensation.

Another provision states that the relationship is a "temporary labor service relationship rather than an employment contract," adding that the company bears no obligation to provide any insurance coverage.

The agreement also states that if a workplace accident occurs during the employment period, the worker "shall bear full responsibility" and may not seek compensation from the company in any form.

It further provides that the company may terminate the agreement without compensation if the worker violates company rules, safety regulations, or management directives.

A sociologist from Xinjiang University told The Epoch Times that the agreement appears inconsistent with Chinese labor regulations and reflects an imbalance of power between universities, employers, and students.

"Universities control students' coursework, academic credits, disciplinary records, and graduation eligibility," the sociologist said. "When a university assigns students to these placements, they have little practical ability to refuse."

He said the agreement characterizes factory work as an educational practice while transferring workplace risks onto students.

"The company determines wages, while students are expected to bear responsibility for workplace injuries," the sociologist said. "Educational authority is effectively being used as a tool to supply businesses with inexpensive labor."

He added that although the agreement requires workers to follow company management and safety rules, it places responsibility for accidents, medical costs, and compensation entirely on the individual worker.

"The company controls job assignments and has the authority to terminate the agreement, while workers are effectively required to waive their right to seek compensation in advance," the sociologist said. "These standard contract terms clearly reflect unequal bargaining power."

Questions Over University's Labor Program

The agreement does not identify Xinjiang Agricultural University or specify the worker's identity. However, the company named in the document, the factory positions described, and the seasonal employment period correspond with the graduate's account of students being assigned to tomato-processing plants.

The materials have prompted questions about the safety arrangements, compensation, and relationship between the university and participating companies.

According to information published on Xinjiang Agricultural University's website, the school says it has organized more than 80,000 students and faculty members to participate in agricultural work-study programs over the past 25 years. The university says those programs have generated nearly 4 billion yuan ($591 million) in direct economic benefits.

The disclosure has renewed debate over the relationship between labor education and commercial interests.

In recent years, the Chinese Communist Party (CCP) has expanded labor education requirements in schools, promoting manual work as part of collective education, character building, and social practice.

A Xinjiang resident told The Epoch Times that he believes requiring students to perform production work through academic requirements resembles what he called a "Xinjiang education camp."

"In Xinjiang, schools, businesses, and local authorities all hold power over students," he said. "Schools place great emphasis on obedience. Students who repeatedly fail to comply with school requirements can face expulsion."

The resident alleged that many businesses seek partnerships with schools to gain access to low-cost labor.

"If you go online and expose unfair treatment in Xinjiang, it's not just a matter of having your account suspended," he said. "Police may summon you for questioning."

The allegations have drawn particular attention because they come from Xinjiang, where Beijing has faced years of international scrutiny over the use of coerced labor. Since 2017, the CCP has detained large numbers of Uyghurs and other predominantly Muslim minorities in what the CCP described as "vocational education and training centers."

As of publication time, Xinjiang Agricultural University had not publicly addressed whether it assigned students to work at the factory identified in the circulated agreement, whether financial arrangements existed between the university and the company, or how participating students were compensated for their labor.

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

Tyler Durden Wed, 07/29/2026 - 19:20

Jack Reacher Star's Latest Movie Flops After Unhinged Anti-Trump Rant

The Jack Reacher series, launched in 2022, received widespread acclaim for avoiding most of the woke tropes slathered all over the majority of streaming series and movies at the time.  For those with short memories, in 2022, the idea of a project featuring a 6'3" 240 pound white guy as the main protagonist seemed impossible.  The series felt like a refreshing callback to the 1980s and the action/thriller apex era of Stallone and Schwarzenegger.

Solving big problems with unfiltered masculine violence is something audiences love, but Hollywood usually hates.  If the hero is not a 90 pound wheelchair-bound minority lesbian boss babe kicking patriarchal ass, Tinsel Town usually isn't interested.  It was a miracle that Reacher was greenlit.     

That said, just because an actor plays a cool character on screen does not mean they're also a cool person in real life.  

Enter Alan Ritchson, who smartly kept his mouth shut through most of the filming for Jack Reacher.  Unfortunately, Hollywood has a way of energizing people's worst impulses and a lot of actors feel compelled to loudly virtue signal in order to stay in the good graces of industry elites.  Ritchson has been increasingly unhinged in recent months and his latest rant went off the deep end into violent territory when it comes to Trump and conservatives.

Alan Ritchson has decided the best use of his time is to attack Trump, and to throw a few jabs in at Catholics for some reason😂

You’d think he’d be smart enough to keep his mouth shut because fans of Reacher happen to also be right-wing. But nope. pic.twitter.com/JNCwgRRziU

— Kevin Sorbo (@ksorbs) July 28, 2026

Ritchson now attacks Trump and MAGA voters regularly on issues ranging from immigration to the Epstein Files, and falsely accused Trump of assaulting a 13-year-old girl (an anonymous and baseless accusation that conveniently popped up in 2016 just as Trump was beginning his campaign for the presidency). 

But where was Ritchson's steroid fervor during the Biden years?  Where was the big, tough actor back then when it came to the trans grooming of children or Biden's bizarre hair sniffing habit?  It's fascinating that celebrities only seem to find the voice to speak up when Democrats are out of power. 

Ritchson was raised Catholic and voted Republican in his early years, until, he says, he had an "awakening" on the "black and white" nature of the church.  Catholicism as an institution has also been overrun with progressive ideology in recent decades (nearly 50% of Catholics vote Democrat, 60% support legalized abortion rights and 75% support "trans rights", for example). 

This would explain Ritchson's position that abortion is "spritiually wrong" but he still supports legalization.  It also explains his argument that Christians who oppose immigration are going against the Bible.  Being raised Catholic definitely doesn't ensure a conservative mindset. 

It is a common tactic of progressives within the church to assert that conservative policies are "anti-Christian"; as if open borders, transgender acceptance, pacifism and killing babies are Biblical requirements.  At bottom, the spread of these concepts would effectively mean the death of the Christian West, but hey, they're the good guys because they're "empathetic".  

Some critics argue that Ritchson's continued affiliations with Christianity are a ploy to keep his large conservative audience intact, but if that's the case, then he has failed miserably.  The actor has been on a tour of interviews to promote his latest movie "Motor City" and Reacher Season 4, but his comments have alienated a huge portion of his fans.  Motor City opened last week to resounding crickets. 

Although it was released in over 1600 theaters, Motor City grossed a dismal $1.6 million in its debut. Its per-screen average was a only $1,015, placing it 18th in the per-screen-average derby.  Motor City’s production budget alone was $30 million, there is no reported information on the marketing budget (likely around $10 million).  In any case, the film is a financial disaster.  

Get Woke, Go Broke prevails again.

As for Ritchson, the collapse of his latest film suggests a dwindling fan base for future projects.  When will Hollywood celebrities learn to shut up and keep their Reddit inspired political opinions to themselves?  Probably never, but at least it's easier than ever for movie goers to figure out who and what these people are before spending their hard earned cash.    

Tyler Durden Wed, 07/29/2026 - 18:55

xAI Sues Minnesota Attorney General Over Anti-Deepfake Law

Authored by Stacy Robinson via The Epoch Times,

Elon Musk's artificial intelligence platform is challenging a Minnesota law that says companies can be held liable if users "nudify" real people by altering an existing photograph or video.

The screen shows Grok app in this photo illustration. Oleksii Pydsosonnii/The Epoch Times

Musk's company xAI, maker of the popular Grok AI tool, is suing Minnesota Attorney General Keith Ellison to block the law, which is set to kick in on Aug. 1. Violators can be fined up to $500,000 for each image.

According to a filing with the Securities and Exchange Commission, approximately 117 million people had used Grok as of March 1 this year. If 100 of those users violated Minnesota's law, it could cost the company $50 million in fines.

xAI said it would disable Grok's image-editing feature for Minnesotans. Ellison said he will "see X in court."

"There are plenty of worthy debates to have about AI. This is not one of them. AI nudification robs the target of their dignity and could cause them immense harm on many levels," Ellison responded to the lawsuit in a social media post on July 28.

Grok's terms of service already prohibit users from "nudifying real persons, or otherwise altering a real person's image or likeness to depict them in an intimate or sexual context."

But xAI's lawyers argue that the language of Minnesota's law is too vague, and companies may be on the hook for pictures that are harmless.

The complaint stated that the law "punishes AI platforms that allow users to alter images of real people to depict an 'intimate part.'" According to Minnesota law, that includes things such as the inner thigh, or part of a breast or buttock.

In its court filing, the company references a viral AI-generated photo posted by President Donald Trump to his Truth Social account on May 1. The photo depicts Trump, Marco Rubio and JD Vance, along with an unidentified woman, sitting in the Washington Memorial Reflecting Pool, which was undergoing renovation ordered by the president at the time. All are wearing bathing suits.

"People routinely wear shorts in public that expose some or all of their inner thighs; men may go shirtless in public, exposing their breasts; a woman's swimsuit may expose some or all of her inner thigh; men and women wear Speedos, bikinis, or other types of swimsuits or apparel that expose their breasts and buttocks, at least in part," the complaint said.

Aside from being overbroad, xAI argues, the law violates the company's First Amendment free speech rights, and those of its users. Other laws also make the new statute unnecessary.

"Minnesota law and the federal TAKE IT DOWN Act already prohibit and provide remedies for the knowing, nonconsensual dissemination of deepfakes" showing nudity, the complaint says.

Tyler Durden Wed, 07/29/2026 - 18:30

MSFT Spikes After Leaving CapEx Outlook Unchanged

Update (1800ET): As this evening's conference call went on, we finally got to the meat of the matter as Microsoft kept its CapEx forecast unchanged on Wednesday, ...becoming one of the first hyperscalers to hold the line on the market's insatiable AI spending spree.

Against expectations to spend $190 billion on capital expenditures this calendar year, Microsoft tonight maintained this spending outlook (due to an accounting change, this CapEx guidance is now $175 billion, but, in reality, Microsoft is keeping its AI capex plan the same for this year).

This is a major step for the AI trade. MSFT is up 8% on the comment...

Given the after hours spike, and if it continues, then other hyperscalers may be forced to hold/cut their CapEx as it is clear that investors are willing to give credit to that idea.

And with that the hyperbolic narratives underpinning the entire compute shortage edifice.

*  *  *

Microsoft walked into tonight's fiscal fourth-quarter earnings report carrying the most bearish positioning it has seen in more than a decade, and it does so on an afternoon when the Fed - now run by a chairman who has made a point of telling markets nothing - triggered significant volatility in stocks and bonds.

The positioning data tells the story first. According to S3 Partners data reported by CNBC, roughly 92 million Microsoft shares are now sold short, or 1.27% of the public float - the highest short interest as a percentage of float since May 2015, and the largest short-interest build anywhere in the Magnificent Seven. More telling than the level is the behavior: S3 says there has been virtually no short covering into the print, which means the bears are not taking profits on a stock that is already down more than 18% year-to-date and, as GeekWire notes, sitting near a one-year low despite consistently beating estimates. They are holding, and they are holding into the report.

The reason is not mysterious to anyone who watched last week.

Alphabet delivered what would once have been a triumphant quarter - revenue up 24%, cloud up 82% - then raised its 2026 capex forecast by roughly $15 billion to as much as $205 billion, and for its trouble watched the stock fall 7% the next day and slip below its prior $4 trillion valuation.

Crucially, the lesson from GOOGL is that the market has stopped rewarding hyperscalers for spending money, which is inconvenient for companies whose entire strategic posture is spending money.

"Alphabet's capex boost increases the odds of similar behavior" from Microsoft and Amazon, Evercore ISI's Mark Mahaney wrote in a client note last week, which is precisely what the shorts are betting on.

And so, with all that in mind, what did MSFT report?

The headline is a strong top-line beat out of the gate:

• Microsoft Q4 Revenue was $90.01 billion, up 18%, and better than the consensus $87.7 billion.

• Q4 diluted earnings per share jumped 23% (on a non-GAAP basis) to $4.74 (but this is not entirely comparable to the $4.25 consensus thanks to $3.2billion gain from their investment in Anthropic and 7c/share loss from OpenAI's investment)

Under the hood, MSFT's cloud unit posted a larger-than-expected increase in sales, suggesting that the company’s computing infrastructure and artificial intelligence services continue to make inroads with businesses.

Azure cloud-computing revenue increased 43% during the fiscal fourth quarter, the company said Wednesday in a statement. That exceeded analysts’ average growth estimate of about 40%. 

Nadella highlighted progress on the “cost-to-outcome curve” and noted two major milestones

“We are advancing the frontier on the cost-to-outcome curve, ensuring every customer can turn tokens into business results," said Satya Nadella, chairman and chief executive officer of Microsoft.

“This year, Azure revenue surpassed $100 billion for the first time, and Microsoft 365 Copilot reached over 30 million paid seats, reflecting the confidence customers are placing in us to power their AI transformation.”

All units beat on revenues:

• Microsoft Cloud Q4 revenue $59.3 billion, estimate $58.71 billion, up 27% YoY

• Intelligent Cloud revenue $39.31 billion, estimate $38.17 billion

• Productivity and Business Processes revenue $37.85 billion, estimate $37.27 billion

• More Personal Computing revenue $12.85 billion, estimate $12.17 billion

Net income was $35.8 billion and increased 31% on a GAAP basis, and was $35.3 billion and increased 22% on a non-GAAP basis

Finally, and perhaps most crucially, Capital expenditures (including assets acquired under finance leases) increased 70% to $41 billion in the quarter, which is notably less than the $42.5 billion expected, on track to meet their roughly $190 billion annual guidance, but Capital-spending details on the conference call are more important, given the metric exceeds 50% of calendar 2026 sales.

Following an afternoon of pain (thanks to Warsh), MSFT shares are bouncing modestly after hours - up around 3%...

Tonight closes the books on a fiscal year in which Microsoft guided capital expenditures and finance leases to roughly $190 billion - up 61% from the prior year - including, per CFO Amy Hood's April guidance, a $25 billion hit from higher component prices as the global memory crunch feeds straight into the cost of building AI infrastructure.

The forward-looking problem is worse: BNP Paribas analysts are already penciling in $262 billion of capex for fiscal 2027. Cloud gross margin, guided to roughly 64% for the quarter, has been grinding lower as data-center depreciation piles up, meaning the spending is now visibly eating into the earnings it was supposed to eventually justify.

Along those lines, Bloomberg's Brody Ford reports that Microsoft added more than $130 billion in new data center leases in the past quarter, signaling an accelerating pace of spending on artificial intelligence infrastructure.

The company’s total commitments for leases that have not yet commenced were $329.1 billion as of the quarter ended June 30, Microsoft said Wednesday in a regulatory filing. That’s up from $196.6 billion in the prior period.

“That’s really a signal of the continued demand strength that we see,” Jonathan Neilson, Microsoft investor relations chief, said in an interview.

“These leases are going to be there to serve demand for many many years.”

The future costs, which come on top of active leases, won’t appear on Microsoft’s balance sheet until it begins making payments on them. The company said they are “primarily” for data centers and some are “subject to certain contractual conditions being met.”

This represents Microsoft’s largest quarterly jump in data center leasing by far.

The software giant continues to be held back by a lack of data center capacity after taking a pause on its leasing activity through much of 2025.

However, as we detailed earlier, simply put, until MSFT demonstrates some more tangible progress in AI (Copilot progress, proprietary LLM, proprietary chip, etc. as OpenAI potentially steals institutional share), it will likely remain on the battleground.

Microsoft will give its sales outlook for the current quarter, its fiscal Q1, as well as details on actual FY2026 CapEx on the conference call with analysts tonight.

Tyler Durden Wed, 07/29/2026 - 18:10

Guess Who's Funding Barricades And Porta-Potties At Madison's Marxist-Antifa Encampment

Far-left foot soldiers linked with Black Lives Matter and Antifa have established a two-block autonomous zone along Williamson Street in Madison, Wisconsin, following the death of 38-year-old Corey Durrell Ruiz.

Good morning from Madison, where an encampment at Willy and Baldwin Sts is in its 7th day. pic.twitter.com/iR4kVl1hCQ

— Laura Schulte (@SchulteLaura) July 29, 2026

Ruiz, who had reportedly been released from prison (read report) shortly before the incident, was approached by police while riding a bicycle after allegedly attempting to enter several vehicles. Far-left activists have since designated the occupied area the Corey Ruiz Autonomous Zone, or CRAZ.

The encampment appears designed to demonstrate control over public space while creating conditions in which any police intervention could be framed as state repression. However, reporting from local media and anti-communist commentator Karlyn Borysenko suggests the local government is accommodating, and potentially enabling, the occupation rather than moving to dismantle it.

"So who's funding the barricades and the porta-potties in the BLM/Antifa autonomous zone (the CRAZ) in Madison, Wisconsin? You're not going to believe the answer. And I provide the receipts to prove it," Borysenko wrote on X.

Borysenko pointed to reporting from local outlet WMTV 15 News that says the municipal government is funding part of the CRAZ.

So who’s funding the barricades and the porta-potties in the BLM/Antifa autonomous zone (the CRAZ) in Madison Wisconsin?

You’re not going to believe the answer.

And I provide the receipts to prove it. https://t.co/LkGZRaz91S pic.twitter.com/UMz5dGD1vm

— Karlyn Borysenko, anti-communist cult leader (@DrKarlynB) July 29, 2026

Here's more color :

District 6 Alder Davy Mayer said he has heard from more than 100 constituents in recent days. He said the city has been working on basic services, including a plan to use city salt trucks as street blockades in place of the seized trash cans. The city has also placed portable restrooms in the area.

Mayer said a homeless population has also moved into the zone, adding to disruptions.

"There certainly have been poor interactions like that," Mayer said. "There's also a large number of our homeless neighbors have come in and have been taking up living in this area too. That's something that causes disruption."

Mayer said the group has implemented some self-regulation, including a 10 p.m. curfew for children and overnight quiet hours. He said he could not offer a timeline for a resolution.

"I don't think the city wants to see a permanent takeover of this intersection," Mayer said. "But we also don't want to see a violent clearing of it either. So it's working with all these parties to find a resolution, which is difficult, which takes time."

Mayer said he hopes the city can begin pushing barricades back to reopen parts of the street, but said planning is being done hour by hour. He also said he went door to door to nearly all homes in the area on the first day of the closure and has posted updates to his blog. Some residents said they have not received communication.

New as of yesterday afternoon, the city has placed a few trucks to help shield the intersection. pic.twitter.com/VtYRgjhPKY

— Laura Schulte (@SchulteLaura) July 28, 2026

Borysenko: "So who is funding CRAZ and the leftist takeover of several city blocks? The city, the taxpayers..."

Tyler Durden Wed, 07/29/2026 - 18:05

HHS Unveils Policy To End Funding For 'Dangerous Gain-Of-Function Research'

Authored by Aldgra Fredly via The Epoch Times,

The Department of Health and Human Services (HHS) on July 28 unveiled a new policy that would end federal support for "dangerous gain-of-function research," an experiment in which scientists genetically modify an organism to enhance its characteristics.

Workers next to a cage with mice inside the P4 laboratory in Wuhan, Hubei Province, China, on Feb. 23, 2017. Johannes Eisele/AFP via Getty Images

In a statement, HHS said the policy would prohibit federal funding for dangerous gain-of-function research conducted in the United States and abroad.

It would establish stricter oversight of certain life sciences research that the government deems could pose "significant risks" to public health, biosecurity, or national security. The policy would also restrict federal funding for research conducted in countries or institutions that lack sufficient biosafety and oversight standards, according to the department.

"The federal government has a duty to protect the American people - not fund research that could put them at risk," Health Secretary Robert F. Kennedy Jr. said in the statement. "Today, we are ending federal support for dangerous gain-of-function research and replacing weak oversight with clear, enforceable safeguards."

The policy followed President Donald Trump's May 2025 executive order directing federal agencies to stop funding gain-of-function research in countries of concern, such as China and Iran, that lack research oversight.

According to a White House fact sheet, the order seeks to prevent federal funding from being used for foreign research that will likely cause another pandemic.

Trump's order will halt U.S. research involving infectious pathogens and toxins until a safer and more enforceable policy can be implemented, the White House stated.

"Dangerous gain-of-function research on biological agents and pathogens has the potential to significantly endanger the lives of American citizens," Trump said in his order. "If left unrestricted, its effects can include widespread mortality, an impaired public health system, disrupted American livelihoods, and diminished economic and national security."

In December 2024, the Republican-led House Oversight Select Subcommittee on the Coronavirus Pandemic released a 520-page report detailing findings from a two-year investigation indicating that the COVID-19 virus likely originated in a laboratory in Wuhan, China.

The report found that the U.S. National Institutes of Health funded gain-of-function research at the Wuhan Institute of Virology (WIV), and that EcoHealth Alliance Inc. used U.S. taxpayer dollars to facilitate this research at the lab.

The committee said COVID-19 possesses biological characteristics not found in nature and that data indicates that all COVID-19 cases stemmed from a single introduction into humans. This differs from previous pandemics, where there were more spillover events.

The report said that in January 2021, the U.S. State Department published an unclassified fact sheet that says: "The U.S. government has reason to believe that several researchers inside the WIV became sick in autumn 2019, before the first identified case of the outbreak, with symptoms consistent with both COVID-19 and common seasonal illness."

An aerial view shows the P4 laboratory at the Wuhan Institute of Virology in Wuhan, China, on April 17, 2020. Hector Retamal/AFP via Getty Images Tyler Durden Wed, 07/29/2026 - 17:45

China To Arm Iran With Hundreds Of MANPADS Despite Trump Warnings: Report

President Trump has repeatedly said that China's President Xi Jinping has directly assured him that Beijing will not supply Iran with weaponry or military support.

But this week these 'assurances' have been called into question by an Reuters investigation. "Iran is expected to receive within weeks a first shipment out of up to 400 Chinese-made shoulder-fired air-defense missile launchers, three sources familiar with the deal told ​Reuters, as it rebuilds its defenses amid war with the United States," the fresh report says.

via Asia Times/X

"The purchase, valued at $60-70 million, is one of Tehran's largest-known efforts to strengthen its short-range air ‌defences since the outbreak of its war with the U.S. and Israel, which exposed gaps in Iran's ability to protect military sites and strategic infrastructure," it adds.

The fresh report cites three anonymous sources and did not receive comment from the Iranian side. Some of the assertions of the Reuters report are surprisingly specific, such as in the following:

The contract covers the purchase of between 300 and 400 man-portable air defense systems (MANPADS), including Chinese-made QW-12 and FN-16 missiles, the sources said.

The deal was signed with Zhongqing Baoshang International Investment, a Hong Kong-based company that the sources said was acting as an intermediary between the Iranian ​side and the Chinese supplier.

The reporting even explores options being considered for delivery of the weapons, at a moment Iran is urgently seeking to replenish its air defense supplies after months of grinding tit-for-tat conflict with the US military.

"Two Western intelligence sources and an Iranian official said Tehran had also explored the use of overland routes to move Chinese military supplies and dual-use components ⁠more discreetly and ​reduce the risk of disruption," Reuters continues.

MANPADS could prove especially dangerous for US helicopters and other low flying aircraft, and for Iran can serve as layer of short-range protection.

The opening days of Operation Epic Fury saw much of Iran's anti-air units get taken out, especially across the Western part of the country, giving US-Israeli jets air superiority. However, at times the Iranians have claimed to shoot down some aircraft, and since then the US has seemed to operate from further afar.

Trump wrote on Truth Social just last week that "President Xi, at our recent meeting in Beijing, China, told me that he would not, under any circumstances, give or sell Weapons to the Islamic Republic of Iran — And that statement included Chinese Companies."

"Considering our relationship, I take him at his word and, besides, l am doing him very big favors, also. Likewise, President Putin … told me that he would not sell Weapons to Iran," he stated. Trump continued, "Therefore, two major Countries that people speak of often in terms of Iran are, in my opinion, not participating. If they did, it would be very bad for them — Certainly not in their best interests."

As for Reuters' findings, Beijing as expected has blasted them as lies. China's Foreign Ministry said in response: "The relevant reports are completely groundless. China has consistently played a role ⁠in promoting peace and ending the conflict."

Tyler Durden Wed, 07/29/2026 - 17:25

Anatomy Of The 'Islamophobic' Shooting That Wasn't

Authored by Andrew Bostom via RealClearInvestigations,

On Nov. 17, 2023, Mustafa Ramos, a Muslim man wearing a turban and a robe, was shot in the buttocks while selling Islamic paraphernalia adjacent to the Islamic Center of Rhode Island mosque in Providence.

The 52-year-old man was treated and released from the hospital in two hours. The incident, however, which happened just six weeks after Hamas' deadly Oct. 7 attack targeting Israeli citizen non-combatants of all ages, quickly became national and international news as the latest example of an "Islamophobic hate crime."

Following the lead of the initial report in the Providence Journal - which described Ramos as "a big, jovial man with a giant smile" - the Boston Globe, CNN, the U.K. Guardian and U.K. Daily Mail, among others, reported that the shooting was a hate crime while quoting people connected to the Center who felt that they and the larger Muslim community were the real targets.

As the influential albeit Hamas-linked Council on American Islamic Relations (CAIR) urged the Providence police to investigate the shooting's potential "bias motive," the Jewish Alliance of Greater Rhode Island and the Board of Rabbis of Rhode Island issued a joint statement on Nov. 20 denouncing "Islamophobia," while acknowledging that "a motive has not yet been made clear."

That uncertainty was reinforced on Nov. 27 when the Providence Journal reported that Maj. David Lapatin, commanding officer of the Providence Police Investigative Division, cautioned, "To say the mosque was targeted would be premature."

After that, coverage of the shooting all but ended - although the Rhode Island House featured the "Islamophobic shooting" in a resolution it passed in February 2024 condemning "Islamophobia." "It is believed," the resolution stated, "that Mr. Ramos was a target based solely on his faith."

Now, 32 months after the shooting, RealClearInvestigations can report exclusively that the Providence police have concluded that Ramos was not targeted because of his faith. In response to the latest set of queries posed to the police as part of RCI's 18-month-long review of the case, Maj. Lapatin stated in a July 20, 2026, text that while the criminal investigation of the shooting remains "open," and no arrests have been made, his department has determined that Ramos was not the victim of an "Islamophobic hate crime."

RCI's reporting also shows that even as the Islamic Center's "spiritual leader" in Providence, Imam Sackor, and the national organization CAIR, cast the incident as part of a growing trend of anti-Muslim bias both locally and nationally, sermons preached at the mosque repeatedly espoused hateful rhetoric that demeaned and even threatened non-Muslims.

The Shooting

The official Providence Police incident report on the shooting does not reveal how or when Dean Scott Ramos adopted the name Mustafa. It does report that the Maine resident made frequent trips to the Providence mosque where he would set up a table to sell Islamic merchandise. On Nov. 17, 2023, the mosque's surveillance video footage shows a masked man lurking nearby for about 20 minutes before firing four or five rounds at Ramos from a moving car that he was driving. One of the bullets struck Ramos in the buttocks.

Three days later, Ramos, who said he spent two hours in the hospital getting treated for superficial wounds, told a detective during a phone follow-up interview that "he was feeling better and confirmed that he had been shot one time." Ramos also insisted that "he still believed he was targeted due to his religion [Islam] and the [Muslim] clothing he was wearing."

Ramos amplified this claim in an appearance in a December 2023 appearance on the local Providence area "Club Ambition" podcast. Asked if the shooting was related to his faith, he responded, "Of course it is. You know, of course it is. I wouldn't think it would be anything else. … As a Muslim dressed as a Muslim looked like a Muslim. … In front of the masjid (mosque). You know, I mean what would make that, what would it make it different for me, than it would for anyone else? What would be that element?"

He also suggested a fact confirmed to RCI by the police that he was not cooperating fully with the official investigation. "I'll be honest with you," he told the podcast host, "I'm not really interested in their investigation. That's their job. I shouldn't have to tell them to do their job. That's what they get paid for."

Ramos did not tell the podcaster that he had a criminal record. Court records show that Dean Ramos served five years in prison in the early 2000s (commuted from a 20-year sentence) for illegal manufacture and distribution of schedule I/II controlled, potentially addictive substances (examples of schedule I include heroin and ecstasy; examples of schedule II include Fentanyl and OxyContin).

The Investigation

That record might be relevant as the police investigation has revealed that the lone suspect in the shooting has an extensive criminal record. Although no one has been charged in the case, that suspect appears to loom large in the police department's conclusion that Ramos' shooting was not a hate crime. Maj. Lapatin told RCI last week, "After extensive investigation, given the background and behaviors of the lone suspect, we made that logical determination."

According to the incident report, a search warrant was executed, and items "belonging to Nasir Dupont" were "photographed and seized." Although Dupont's religious affiliation is not known publicly, Nasir is a Muslim name derived from the Arabic word "nasir," which means "to help, to aid, to defend."

Public records do show that Dupont, who was born in 2003, is a recidivist criminal, with a history that includes illegal gun possession, robbery and drug-related crimes. He is currently in prison awaiting trial on drug and weapon charges.

The Providence police incident report and supplements indicate their investigation has been stalled by several limitations. These included the fact that the gunman was wearing a mask; their inability to find the getaway car; Dupont's apparent destruction of his text messages on his phone and phone archive; and Ramos's unwillingness to assist with the investigation.

Like Ramos, Dupont has not cooperated with the police investigation. Such lack of cooperation with law enforcement occurs frequently when there are crimes involving victims who have criminal records themselves. Accordingly, a mere 5-19% of non-fatal shootings in urban centers such as Chicago and Boston, for example, result in the perpetrators being arrested. Victim non-cooperation is common in those settings.

RCI's efforts to contact Dupont's family members to find out whether the two men had any previous connection were unsuccessful.

The Providence Police told RCI that it has not received any follow-up inquiries from the media outlets that initially reported the shooting since December 2023. RCI did not receive any responses to its requests for comment from local reporters who covered the incident.

Incendiary Rhetoric

Although news outlets repeated suggestions and claims from Ramos, the Islamic Center's leader Imam Sackor, and CAIR that the shooting was a hate crime directed at all Muslims, none reported on the incendiary rhetoric frequently preached at the mosque, including the weeks and months after the attack on Ramos.

While decrying legitimate hate crimes and acts of bias, experts who track such rhetoric argue that many Muslim leaders advance the idea that their community is under siege to divert attention from the inflammatory language, especially against Jews and Christians, espoused in mosques around the country. The goal, they said, is not just to protect their people but to cast scrutiny of their own words as "Islamophobia." Daniel Greenfield, an investigative journalist who has covered the phenomenon extensively, said the promotion of alleged "Islamophobic incidents" is "a diversion from genuine antisemitic Islamic religious incitement in U.S. mosques, and Muslim violence against American Jews."

The Providence mosque and CAIR did not respond to requests for comment.

RCI's analysis of sermons posted on Facebook that were delivered at the Providence mosque after the shooting attack preached jihadism and hatred toward non-Muslims, especially Jews, but also Christians. Examples include:

• On Dec. 22, 2023, three days before Christmas, it was preached that the Muslim Jesus ("Isa") will destroy Christianity, and in the same sermon, the imam invoked Qur'an (17:4-10 and 2:61/3:112) while accusing Jews of "genocide in Gaza," and reminding Muslims that Jews are "corrupters" to be "punished" and "prophet killers."
• On Jan. 12, 2024, the imam, noted Qur'an 1:7 (which pious Muslims repeat 17-times daily) means it is the Jews who have "incurred Allah's anger," and observed they are "cursed" (Qur'an 5:78), while again accusing "prophet killing" Jews - not the Israel Defense Forces, or Israel - of committing "genocide in Gaza," because of their inveterately evil Qur'anic nature.
• On Jan. 3, 2025, just two days after an armed Muslim man with an ISIS flag in his car killed 14 people and injured 57 others on Bourbon Street in New Orleans the mosque's Imam instructed his followers to treat non-Muslims harshly (citing Qur'an 48:29), and concluded with an Arabic supplication to "fight the disbelievers and polytheists," consistent with the jihad war proclamations of the 9th Quranic sura, or chapter (9:5, 9:29, 9:73, 9:111, etc.).
• On Friday, May 30, 2025, the Islamic Center's sermon, ostensibly about Islam's Hajj pilgrimage to Muslim-only Mecca, evolved into a celebration of jihad conquest, specifically, the "cleansing" of Mecca's pagans (in 630 C.E.), and not long afterward, the attack on Syria's and Iraq's Christians (634 C.E.), all given Islamic religious sanction from the Qur'an's 9th sura, a series of timeless war proclamations. Also in that triumphal vein, the mosque's imam quoted the Qur'an (verses 3:67 and 3:68) to teach that Judaism's patriarch was a Muslim:

"Ibrahim [Abraham] is not a Christian or a Jew. He is someone who worships only one God [Allah]. He is a Muslim." [Q 3:67]…And the people who have the greatest claim to Ibrahim are those who follow his and this Messenger [Muhammad], and those who believe [Muslims] and Allah is the protector of the believers" [Q 3:68]

The imam segued from that traditional Qur'anic supremacism into a derision of Christianity, and an ugly, contemporary blood libel against Jews, and Judaism:

"One group, the Christians, can't articulate what they really believe, what their tawhid (monotheism) means. And the other group (the Jews) has reduced their religion to an ethnic identity that they use to justify a slaughter of innocent people."

The Providence mosque's leaders did not respond to RCI's queries about whether these and other statements were hate speech. They have removed all the mosque's sermons since Oct. 7, 2023, from the center's Facebook page, and no longer live stream them on Facebook each Friday. Ibrahim Hooper, the National Communications Director for CAIR, which decried what it claimed was a surge of anti-Muslim and anti-Arab hate after the October 7 attack, declined to comment on the specific examples of the mosque's sermons provided above.

Local politicians, the police, and Jewish and Christian religious leaders did not respond to similar queries.

Providence Mosque Not An Outlier

The failure to report on or respond to the inflammatory sermons is notable because the Rhode Island mosque is not an outlier.

A landmark study whose results were published in two academic journals in 2011, "Sharia and Violence in American Mosques," evaluated the associations between Sharia-adherence, the presence of violence-sanctioning materials at a mosque, and the advocacy of jihadism by the mosque's leadership, in a nationally representative, random statistical sample of 100 U.S. mosques. Eighty-one percent of these representative U.S. mosques were deemed as moderately (30%) to highly (51%) supportive of promulgating jihad violence to impose Sharia. Additionally, only 4.7% of Muslim worshippers attended mosques where jihadist materials were not provided because Sharia-compliant mosques promoting jihad were the most heavily attended.

More recently, a painstaking investigation by the scholar Mansour Al-Hadj of "hundreds of Friday mosque sermons" across the U.S. following Hamas' Oct. 7, 2023, jihad carnage targeting Israeli non-combatants found a similar message as the bloodshed was cast as an act of faith:

"…almost all the sermons amplify(ied) a single narrative which justifies Hamas's attack as a legitimate act that is based on the command of Allah and the teachings of the prophet Muhammad. Therefore, they did not condemn or hold Hamas responsible for killing and abducting civilians, including children and the elderly, and sexually assaulting women…for starting a war…using the Gazans as human shields, or causing the death of thousands of Palestinians…Instead, their sermons, focused on highlighting the similarities between Hamas' attack and the wars fought by the prophet and his companions, demonizing Israel, narrating historical antisemitic stories attributed to the prophet Muhammad and citing verses from the Qur'an that characterized Jews as corrupt, treacherous, untrustworthy, and the killers of prophets."

Researchers at MEMRI TV, which monitors broadcasts from the Arab and Muslim world, report that anti-Christian rhetoric is common at U.S. mosques. The anti-Christian sentiments preached at the Islamic Center of Rhode Island echo hateful Islamic themes about Christians sermonized across the U.S. since Oct. 7, 2023, including:

• On Dec. 8, 2023, Imam Hanif Fouse of Philadelphia maintained Christians were complicit with, and supportive of the Jews, "with whom Allah is angry (Qur'an 1:7) because they killed the prophets (Qur'an 2:61, 3:112). The Christians insult Allah because they claim he has a son," he emphasized.
• Prayers to Allah "to annihilate" the Christians were recited at the Northwest Indiana Islamic Center on Dec. 8, 2023, and June 21, 2024, at the Islamic Center of Lafayette, Louisiana.
• In Fort Lauderdale, FL, on April 19, 2024, an Islamic scholar intoned that while "the Jews orchestrated everything against the Muslims" throughout history, it was the Christians "who executed" those schemes.
• California Pakistani Islamic scholar Qazi Fazlullah, in a video posted on YouTube on Oct. 25, 2024, invoked Quran 5:51, repeating, "Oh believers, do not take the Jews and Christians as allies." He added: "Make them not protectors, or friends, secret keepers, depending on them, or trusting them," because (citing Qur'an 5:51) "they are the allies of one another." Imam Fazlullah concluded that befriending them "goes against Islam and Muslims," and is "not allowed."

FBI statistics show that hate crimes are committed against members of many religious groups, but there is no evidence that the United States is suffering an epidemic of Islamophobia. For the period July 15, 2021 to July 15, 2026, for example, the bureau recorded roughly 60,000 bias-related incidents, of which 1,163 were classified as anti-Muslim.

The Rhode Island mosque incident suggests a concerted effort by some Islamic organizations to portray their community as under siege and that many media outlets actively reinforce this narrative, while ignoring the often hateful speech routinely uttered in mosques across the country.

"This seems to be yet another incident that was hyped by officials and the media as 'Islamophobic' but turned out to just be a criminal act," Greenfield said. "False allegations of Islamophobia are not only politically damaging; they endanger the public and destroy trust in police departments" and among members of the communities in which the charges are made.

Tyler Durden Wed, 07/29/2026 - 17:05

Energy Department Issues Emergency Order To Secure Power Grid In 17 US States

Authored by Naveen Athrappully via The Epoch Times,

The Department of Energy (DOE) has issued an order to tackle an energy emergency situation across 17 U.S. states triggered by hot weather conditions.

An aircraft takes off from Los Angeles International Airport behind electric power lines in El Segundo, Calif., on Aug. 31, 2022. Patrick T. Fallon/AFP via Getty Images

The July 26 emergency order was issued by Secretary of Energy Chris Wright to Southwest Power Pool Inc. (SPP), the regional grid operator for the 17 states.

According to the order, SPP is expecting hot weather conditions through Aug. 3. The operator requested the department to allow specific power generation units to run beyond their operating limits in order to ensure grid reliability. It also sought authority to unlock and deploy backup generation resources at data centers and other industrial and commercial customer sites to counter any risk to the bulk power system.

Wright determined that statutory emergency situations exist in certain regions, serviced by the SPP, owing to sudden increases in demand, "a shortage of electric energy, a shortage of facilities for the generation and transmission of electric energy, and other causes," the order said. Homes and local businesses in the affected areas could lose power, presenting a risk to public safety and health.

The energy secretary allowed SPP to dispatch power-generating units "as needed to maintain reliability," according to the order. In addition, SPP is authorized to use backup resources to operate as a last resort before issuing an Energy Emergency Alert 3 - the highest level of energy emergency action.

The emergency order applies from July 26 to Aug. 3.

In a July 26 statement, DOE said the order would stabilize the power grid and mitigate blackout risks, highlighting that outages cost American people around $44 billion annually.

"The Trump Administration is tapping into an abundant supply of unused backup generation to maintain affordable, reliable, and secure power for hardworking American families and businesses," Wright said in the statement.

The department estimated the total nationwide unused power generation to be at over 35 gigawatts.

The emergency order comes as the National Weather Service (NWS) predicted in a July 28 post on X that "dangerous and extreme" heat would remain across portions of the central United States this week.

In a July 28 forecast, the Weather Prediction Center said the southern United States is expected to see above-normal temperatures for the next few days, with afternoon highs reaching upper 90 degrees Fahrenheit.

High heat combined with high humidity can result in widespread "Major to Extreme HeatRisk levels," with people lacking adequate cooling or hydration at risk of heat-related illnesses, according to the center. By the end of this week, the "dangerous heat" is forecast to expand into the Southwest and Intermountain West, the center said.

Strengthening Power Grid

Amid high heat conditions, other major power grid operators have also issued operational alerts.

On July 28, the Midcontinent Independent System Operator, which serves 15 states, released a hot weather alert update as temperatures in the region are expected to hit 103 degrees Fahrenheit. The alert is effective till the end of this month.

On July 15, PJM Interconnection, the nation's largest electric grid operator that serves 13 states, had declared a hot weather alert that remained in effect through July 17. Such an alert is issued to prepare power generation facilities and personnel to meet a jump in electricity demand.

Meanwhile, earlier this year, the DOE announced $1.9 billion in funding opportunities to strengthen the U.S. power grid, with the funds coming from a five-year grid resilience program.

The funding will prioritize projects that expand grid capacity, replace existing power lines with higher-capacity conductors, improve overall system security and reliability, and lower prices for consumers.

According to Katie Jereza, assistant secretary at the DOE's Office of Electricity, the funding will stabilize and optimize America's grid operations, strengthening it for rapid growth.

Wright said in the statement that for too long, "important grid modernization and energy addition efforts were not prioritized by past leaders."

"Thanks to President [Donald] Trump, we are doing the important work of modernizing our grid so electricity costs will be lowered for American families and businesses," Wright said.

Tyler Durden Wed, 07/29/2026 - 16:35

Lemonade Crashes As Customer Growth Miss Spooks Wall Street

Lemonade shares crashed early in the US cash session after the technology-focused insurer reported fewer second-quarter customers than Wall Street expected and announced a transition of its chief financial officer.

The company, which provides renters, homeowners, auto, pet and life insurance in the US and parts of Europe, plunged 18%, marking its steepest intraday decline since July 31, 2024.

The shares are down 30% this year, rapidly reversing a rally that catapulted the stock from about $20 in late 2024 to nearly triple digits. Lemonade peaked at around $96 earlier this year.

What traders focused on was that customers in the second quarter increased 23% to 3.31 million, short of the Bloomberg Consensus estimate of 3.33 million. Revenues in the quarter surged 79% to $294.4 million, beating expectations, while the adjusted EBITDA loss narrowed to $18.7 million from $40.9 million a year earlier. The gross loss ratio improved to 60%, better than the 64.8% estimate.

2Q Earnings Snapshot (courtesy of Bloomberg):

• Loss per share 56c vs. loss/shr 60c y/y, estimate loss/shr 56c
• Revenue $294.4 million, +79% y/y, estimate $290.9 million
• In force premium $1.43 billion, +32% y/y, estimate $1.43 billion
• Gross earned premium $332.4 million, +32% y/y, estimate $329.6 million
• Adjusted Ebitda loss $18.7 million vs. loss $40.9 million y/y, estimate loss $20.4 million
• Customers 3.31 million, +23% y/y, estimate 3.33 million
• Premium per customer $433, +7.7% y/y, estimate $428.39
• Gross Loss Ratio 60% vs. 67% y/y, estimate 64.8%

Lemonade raised its full-year revenue forecast to $1.21 billion to $1.22 billion but maintained an adjusted EBITDA loss outlook wider than consensus.

Nick Stead, currently senior vice president of finance, will succeed Tim Bixby as CFO on Jan. 1, with Bixby transitioning to the board. The company provided no color on the rationale behind the leadership change.

Tyler Durden Wed, 07/29/2026 - 15:45

US State Department Issues Travel Advisory For Caribbean Tourist Destination

Authored by Naveen Athrappully via The Epoch Times,

The State Department updated its travel advisory for the Bahamas, highlighting the risk of crime, including sexual assaults, in the Caribbean nation.

Violent crimes, such as sexual assaults, armed robberies, and burglaries, can occur anywhere in the country, the department said in a July 28 update.

“Most crime occurs in Nassau and Freeport on New Providence and Grand Bahama islands. Stay alert in the ‘Over the Hill’ area in Nassau, south of Shirley Street, where gangs have killed residents. Stay alert in vacation rental properties, especially where private security is not present,” the department said.

Located on New Providence Island, Nassau is the capital of the Bahamas.

The Bahamas has been designated as a “Level 2: Exercise Increased Caution” classification.

The advisory specifically warned about jet skiing and boating activities in the Bahamas, highlighting that these are not well regulated in the country. Deaths and injuries involving such activities have been reported. In some instances, jet ski operators have allegedly committed sexual assaults.

The U.S. government has banned its employees from using or renting jet skis and personal watercraft from independent operators on Paradise Islands and New Providence due to safety risks. Some watercraft operators may not be licensed or insured, and may ignore weather forecasts, according to the advisory.

In a June 15 alert, the U.S. Embassy in Nassau had warned Americans about jet ski risks in the Bahamas.

According to the embassy, at least two Americans have reported being sexually assaulted in the Bahamas this year by jet ski operators. Two such reports were registered in 2025, while three were reported in 2024.

Some of the victims alleged that operators had solicited them for rides from the small islands east of Paradise Island, downtown Nassau, and Paradise Island beaches, including areas stretching from Junkanoo Beach to Saunders Beach and Cabbage Beach.

The victims said they were assaulted on isolated islands near Nassau, according to the embassy.

In its latest advisory, the State Department warned travelers to the Bahamas to be aware of their surroundings and stay alert in public restrooms. Sexual assaults have occurred on or near beaches in downtown Nassau.

The department advised people never to swim alone and to be aware of watercraft or jet skis operating close to the shore.

In 2024, roughly 85 percent of the around 11.2 million visitors to the Bahamas were from the United States, according to data from the International Trade Administration.

In addition to the Bahamas, the State Department has issued travel advisories for other nations in the Caribbean.

A July 10 travel advisory updated the alert level for Saint Lucia to Level 2, warning about the risk of crime in the country.

American citizens and other foreigners in Saint Lucia have reported being victims of assault, armed robbery, rape, and burglary. In some instances, U.S. citizens have been killed, the advisory said.

Tourist resorts have been targets of violent crimes. Moreover, response times of local police are not as fast as in the United States.

In April, a State Department advisory warned of crime and terrorism risks in Trinidad and Tobago, designating the country with a “Level 3: Reconsider Travel” classification, the second-most severe travel advisory.

The department advised avoiding beaches, downtown Port of Spain, Fort George, and Queen’s Park Savannah after dark, warning that tourists are vulnerable to armed assault at these sites.

Meanwhile, a “Worldwide Caution” security alert was issued on July 22 by the State Department for Americans due to the heightened tensions in the Middle East.

U.S. diplomatic facilities, within and outside of the Middle East, have been targeted by rivals, with the Iranian regime and its supporting groups likely to target other American interests overseas. Targets may include locations linked to the United States and U.S. citizens anywhere in the world, such as businesses and institutions, according to the department.

“Americans currently in the Middle East should exercise caution and heightened vigilance and should be prepared for flight cancellations, periodic airspace closures, and potential travel disruptions,” the alert said.

Tyler Durden Wed, 07/29/2026 - 15:30

Houthis Signal Red Sea Shipping Tolls In Mirror Image Of Iran's Hormuz Plan

Houthis have entered the chat...

Already multiple Saudi vessels have been targeted in the Red Sea region, forcing a number of tankers to U-turn, and now Yemen's Houthis are seeking to introduce their own 'toll system' for the Bab el-Mandeb Strait.

"Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz," European media reports Wednesday.

Source: Winward

"The Houthi armed group is working with Iran to charge ships to transit the Bab el-Mandeb in the Red Sea, threatening another waterway after Tehran's blockade of the Strait of Hormuz, a minister in Yemen's internationally recognised government said on Wednesday." 

The scheme is to be a mirror image of that Tehran is seeking to enforce in the Strait of Hormuz, where it continues to insist that it will settle for nothing less than its own vision of management, including fee collection for "navigation" "environmental" and safety assurance. According to more via Reuters:

Yemen's Houthi group is considering imposing fees on commercial ships sailing through the southern Red Sea, a week after declaring a naval blockade ​on Saudi Arabia, regional sources with knowledge of the matter told Reuters.

The Iran-aligned Houthis on July 20 declared a maritime embargo against Saudi ‌Arabia, opening a new front against the U.S. and its allies in the Iran war and expanding attacks on tankers carrying global energy and other supplies to waters beyond the Gulf.

The US and Saudi backed government in Yemen, which has for over a decade been at civil war with the Houthi rebels, has described the move as "a dangerous escalation aimed at transforming one of the world's most strategic maritime corridors into a permanent source of funding for the militia's military and terrorist activities," according to Yemen's Information Minister Moammar al-Eryani.

The pro-Saudi axis has said it recently obtained "confirmed intelligence" indicating that Iran's IRGC were helping to manage the toll initiative.

"The intelligence indicates that IRGC experts and advisers are directly involved in designing the technical and administrative framework of the project," Eryani added.

Eryani stated this would include "the establishment of a dedicated entity responsible for collecting payments from shipping companies and commercial vessels".

Iran has been pledging to support its ground proxies in Iraq and Yemen, as both since last weekend appeared to begin launching attacks on Saudi Aramco facilities.

Overnight saw a rare joint US-Saudi response with attacks on Iraqi militias. In the case of Yemen, there's not much the coalition can do given the Houthis have remained entrenched even after years of massive bombing campaigns, including strikes conducted solely by the Israeli Air Force at times.

China is said to be in direct talks with the Houthis to allow for passage of Chinese vessels, also based on prior precedent wherein the Houthis allowed Russian and Chinese ships to pass without incident, connected to the prior Gaza war.

Tyler Durden Wed, 07/29/2026 - 15:15

Garmin Boosts Full-Year Forecast As Wearables Earnings Jump

Garmin shares jumped as much as 9.6% in premarket trading after the GPS-device maker delivered a broad beat on second-quarter earnings and raised its full-year outlook.

Garmin produces GPS-enabled electronics and wearable technology across five main markets:

• Fitness: smartwatches, running watches, cycling computers and activity trackers
• Outdoor: hiking watches, handheld GPS devices, satellite communicators and dog-tracking systems
• Aviation: cockpit displays, navigation systems, avionics and flight instruments
• Marine: chartplotters, sonar, radar, autopilots and fish finders
• Automotive: vehicle navigation systems, cameras and technology supplied to automakers

The company attributed the outperformance to "strong demand for advanced wearables," particularly within its fitness segment:

Revenue from the fitness segment increased 25% in the second quarter with growth across all product categories, led by strong demand for advanced wearables. Gross and operating margins were 64% and 37%, respectively, resulting in $277 million of operating income.

During the quarter, we launched the Forerunner 70 and Forerunner 170, easy-to-use GPS running smartwatches designed to help runners of all levels reach their goals. In addition, we celebrated Global Running Day and Global Cycling Day with the release of our running and cycling data reports, highlighting how athletes around the world are recording runs and rides. More recently, we announced the CIRQA Smart Band, a screenless wearable that offers rich wellness and fitness insights without requiring a subscription and further expands our addressable market for wellness devices.

Hottest watch on the golf course is the Garmin Approach S70 Golf GPS Watch: 

Here's a snapshot of second quarter results:

Pro forma EPS $2.81 vs. $2.17 y/y, estimate $2.28

Revenue $2.02 billion, +11% y/y, estimate $1.92 billion

• Aviation net sales $268.7 million, +7.8% y/y, estimate $265.4 million
• Fitness net sales $756.8 million, +25% y/y, estimate $670.5 million
• Outdoor net sales $482.7 million, -1.6% y/y, estimate $477.6 million
• Marine net sales $341.4 million, +14% y/y, estimate $322.4 million

Operating income $615.5 million, +30% y/y, estimate $486 million

• Fitness operating income $277 million, +40% y/y, estimate $196.8 million
• Outdoor operating income $163.6 million, +3.5% y/y, estimate $142.3 million
• Aviation operating profit $72 million, +14% y/y, estimate $66.7 million
• Marine operating income $100 million, +59% y/y, estimate $66.6 million

Gross margin 62.4% vs. 58.8% y/y, estimate 58.8%

Here's a snapshot of the full-year forecast:

Sees pro forma EPS $10.00, saw $9.35, estimate $9.62 (Bloomberg Consensus)

Sees revenue about $8.05 billion, saw about $7.9 billion, estimate $7.99 billion 

Sees gross margin 59.7%, saw 58.5%, estimate 58.8%

The report offers a positive outlook on consumer hardware demand, with folks increasingly gravitating toward wearables. It also highlights a growing divergence within the technology sector: while the AI selloff pressures memory-chip producers and hyperscalers, consumer-device companies with strong demand and earnings momentum continue to outperform.

Tyler Durden Wed, 07/29/2026 - 15:00

The Mamdani Grocery Grift: NYC Mayor Sells Taxpayers A Bill Of Goods On City-Run Stores

Authored by Jonathan Turley,

Last week, Mayor Zohran Mamdani’s short stint as a faux president ended with an embarrassing acknowledgment that he could not, as promised during his campaign, arrest Israeli Prime Minister Benjamin Netanyahu.

So, this week, Mamdani the Grocer made a reappearance, with details on the five city-run grocery stores that he will open.

But rather than deliver discount groceries, Mamdani is selling New Yorkers a bill of goods that will cost them millions.

What Mamdani described was a discount food bank dressed up as a grocery. Standing in front of blackboards saying “REDUCED 30%,” Mamdani sounded like a bodega hawker: “Once a month, our five city-run grocery stores will set prices for this core set of goods at 30% below typical retail prices. No exceptions, no gimmicks”

Here’s the most delicious part: the presser was a gimmick from beginning to end.

The mayor promised that “The savings will last for the entire month. That means no weekly fluctuations or sticker shock at the checkout line — not for our seniors living on fixed incomes, nor for the parents who rely on a regular supply of apple slices to keep toddler tantrums at bay.”

The Mamdani markets are new variations of an old New York grift: selling gold watches for $5.

The dupes want to believe that somehow this street vendor, surreptitiously displaying watches inside his overcoat, actually found a way to sell “solid gold watches” for just a few bucks.

The math simply does not add up for Mamdani.

Most groceries have an average profit margin between 1% and 3%, one of the smallest margins of any industry.

To promise a 30% discount below market rate that cannot be adjusted due to monthly market fluctuations is economically absurd.

It is not a description of a competitive grocery but a public charity. It is a quasi-food bank where taxpayers subsidize the cost.

As usual, Mamdani turns this into a class war, demonizing business owners. He suggests that real grocery stores are simply price gougers hoarding windfall profits from consumers. He ignores that they must pay rent, upkeep and fees — all things the city-run stores may simply write off.

He proclaimed, “May the most affordable grocery store win.”

Of course, the test is not which grocery is the most affordable, but which is the most sustainable. If you are willing to take a bath on sales, you can always offer the most affordable prices for as long as your excess cash holds out.

In Mamdani’s case, he has the credit of New York City to draw on to compete against Mom-and-Pop bodegas.

The subsidy, however, is only part of the costs. The average bodega owner must cover the fixed costs of renting a space, building the store, and complying with inspectors. Those are the fixed costs that must be internalized into the cost of produce to break even.

Real stores are competing in one of the tightest markets in the world and are grappling with a 33% nationwide increase in costs since 2019. Mamdani wants to use the stores to prove that socialism works as part of his effort to introduce New York to the “warmth of socialism.” We may never know the real costs of the Mamdani markets.

According to the New York Post, the city plans to open an East Harlem location as its first store, at a reported cost of $30 million.

However, that is not the full cost.  The Post also reported that the city had already appropriated $25 million to improve the first site. The city will lose millions that could have been acquired through a sale of the land or through rents to private companies. Those costs are left on other ledgers and not likely counted in the true costs of the Mamdani markets.

The first store will not even open until 2027 despite the props behind Mamdani. The second Manhattan store will not open until 2029.  That is three years and tens of millions of dollars for just the first two stores.

That is how Mamdani is promising New Yorkers savings of  “$90 a month, or roughly $1,000 a year.” He is using the city to subsidize food under the guise of selling at low, but still profitable prices. Ironically, those who can take advantage of the subsidy at the first two stores in Manhattan will be anyone, including the privileged, wealthy New Yorkers whom Mamdani denounces for not paying their fair share. After all, everyone wants below-market-priced slices in the Big Apple.

The first city-run grocery, in East Harlem, will cost $30 million to build — and perhaps more. It will never need to pay this money back nor factor it into its prices. The “warmth of socialism” will cover it; that is, you.

In reality, Mamdani will be selling apples at a far greater cost than any competitor, but those true costs will be buried in the city budget and paid for by the taxpayers.

Indeed, the Mamdani markets are likely to prove the most expensive groceries in the city.

Mamdani, however, has never sweated the math or the means. He knows that the focus will be on the cash register price and not the true cost.

Of course, there is a big difference between the gold watch grift and the Mamdani grift: buying a knockoff watch only costs chumps a few bucks. The Mamdani con will cost New Yorkers millions, and most will thank him for it.

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 Wed, 07/29/2026 - 14:40

Watch Live: Fed Chair Warsh Explains 'Hawkish' Hold

Having delivered the biggest "non-cut" surprise to markets in decades - by holding rates unchanged (markets were pricing a 35% chance of a hike) - and given Warsh’s distaste for forward guidance, he is unlikely to offer any clearer signals during the press conference.

Bear in mind that since 2015, traders have foreseen the Fed’s ultimate rate decision with an average error of 2.4 basis points the day before the central bank’s announcement, according to a note from Ian Lyngen, head of US rates strategy at BMO Capital Markets.

“The market is set up for a sharper kneejerk response to the FOMC announcement than is typically the case,” Lyngen said.

Jonathan Pingle, chief US economist at UBS, said he hadn’t felt this uncertain about an imminent Fed rate decision in 20 years, back when Ben Bernanke became Fed chair.

However, the three dissents in favor of a rate hike clearly show the direction of travel,and that may prove helpful to Warsh if he aims to tamp down inflation pressures.

While yields are down and gold up after the statement, the dissenters would suggest this decision leans hawkish (Goldman expected 2 dissents, so marginally hawkish).

Warsh will likely emphasize that all options remain open, and that future decisions will depend on the data.

Desks anticipate a continued emphasis on the inflation side of the dual mandate, without offering any type of commitment for future hikes, though he might also acknowledge the upside risks to inflation posed by the latest rise in oil prices.

He recently announced the leaders of the five Chairman’s Task Forces for Advancing Monetary Policy and might provide an update on the timeline for their work.

Watch the full press conference live here (due to start at 1430ET):

Tyler Durden Wed, 07/29/2026 - 14:25

No Rate-Change Sparks 3 Dissents As Warsh Fed Delivers Biggest 'Non-Cut' Surprise In Decades

Tl;dr: The Fed held rates unchanged, delivering the biggest surprise "non-cut" to the market in decades. Three dissenters wanted a rate-hike, clearly signaling the direction of travel and confirming this decision as a "hawkish hold" though arguably only marginally.

*  *  *

Since the last FOMC meeting on June 17th (Kevin Warsh's first as Fed Chair), a lot has happened, with the Iran war re-erupting driving oil prices and the dollar higher, while stocks (momo/semis meltdown), bonds, gold, and bitcoin are all lower...

Both growth and inflation macro data has surprised to the downside...

But, oil's resurgence has pushed rate-hike odds significantly higher...

But, this will still be one of the first Fed meetings in years where the market does not have at least 80% confidence in what the committee will do...

One way or another, this will be the largest "non-cut" surprise in decades.

If the Fed hikes today, it will be almost as big of a surprise as Powell's 50bps cut in Sept '24 meant to give the election to Kamala. pic.twitter.com/5tQyfvye1H

— zerohedge (@zerohedge) July 29, 2026

As we detailed earlier, since 2015, traders have foreseen the Fed’s ultimate rate decision with an average error of 2.4 basis points the day before the central bank’s announcement, according to a note from Ian Lyngen, head of US rates strategy at BMO Capital Markets.

“The market is set up for a sharper kneejerk response to the FOMC announcement than is typically the case,” Lyngen said.

Jonathan Pingle, chief US economist at UBS, said he hasn’t felt this uncertain about an imminent Fed rate decision in 20 years, back when Ben Bernanke became Fed chair.

A lack of a track record by Warsh and recent divisions among Fed officials are further clouding the outlook, he said, not ruling out a scenario where Warsh is the one who casts the deciding vote.

“Given the fact that he can push around sort of the median of the committee at the moment, he’s going to decide policy for the next few meetings, and we really have no idea how Kevin Warsh thinks about monetary policy.”

Remember, there are/were 9 members of the committee that saw hikes this year...

Most pundits and sell-side analysts see the central bank leaving rates on hold - especially since last month's inflation reports came well below expectations, and there are no dots or forecasts to update this month.

So, with the market pricing a one-third chance of a hike today, what did The Fed decide?

• *FED VOTES 9-3 TO HOLD BENCHMARK RATE IN 3.5%-3.75% RANGE

• *FED: HAMMACK, KASHKARI AND LOGAN DISSENT IN FAVOR OF RATE HIKE

• *FED REPEATS ECONOMIC ACTIVITY IS EXPANDING AT A SOLID PACE

• *FED REPEATS COMMITTEE WILL DELIVER PRICE STABILITY

• *FED REPEATS JOB GAINS HAVE KEPT PACE WITH WORKFORCE

The three dissents in favor of a rate hike clearly show the direction of travel.

And that may prove helpful to Warsh if he aims to tamp down inflation pressures.

Read the redline below (not much changed)...

Tyler Durden Wed, 07/29/2026 - 14:00

US-Owned LNG Ship Reportedly Struck By Kamikaze Drone At Egyptian Port

A potentially major escalation emerged late Wednesday after a US-owned gas-processing vessel moored at Egypt's Mediterranean port of Damietta was reportedly struck by a drone, according to Reuters, citing maritime security firm Ambrey. Details remain scant, and this assessment is preliminary.

Explosion disrupts Damietta LNG hub

An explosion at Egypt's Damietta LNG terminal has disrupted operations at one of the country's key LNG import hubs after damaging the Energos Winter floating storage and regasification unit and the GasLog Salem LNG tanker. Both vessels have… pic.twitter.com/mYNTUanzT7

— Kpler (@Kpler) July 29, 2026

🚨🇺🇸🇪🇬🇲🇭 A US-owned LNG floating storage facility flying a Marshall Islands flag was struck by at least one drone in Damietta, Egypt.

Local authorities say the situation is now ‘under control.'

“The vessels involved have been safely relocated outside the port area... port… pic.twitter.com/te6MxlOtDp

— Mario Nawfal (@MarioNawfal) July 29, 2026

Ship-tracking data from Bloomberg shows the gas-processing vessel Energos Winter, which serves as a floating storage and regasification unit, moored off the port of Damietta. The port hosts the Damietta LNG terminal, a critical outlet for processing and exporting Egyptian and regional natural gas to Europe.

Reuters reported:

The drone hit floating storage tanker Energos Winter, causing a fire that then spread to another vessel, Gaslog ‌Salem, ⁠three trading sources familiar with the incident said. Two separate security sources said the cause ⁠of the blast was a drone strike.

The crew was evacuated, and the fire had ⁠been brought under control, Ambrey said, adding that no party ⁠had claimed responsibility.

Our partners at Newsquawk issued an alert at around 12:09 p.m. New York time that appeared to contradict Reuters' reporting on the floating storage and regasification unit:

Reports of a drone attack targeting Damietta port are false, Al Hadath reports, citing a source.

There are also conflicting reports on X: Some say it was a drone strike, while others say it was an industrial accident.

Two small drones hit it from two points according to a source in that port. No industrial accident at all.

— Babak Taghvaee - The Crisis Watch (@BabakTaghvaee1) July 29, 2026

Catch up with the latest US-Iran wrap. Read more here.

Tyler Durden Wed, 07/29/2026 - 13:45