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The "Petal" singer has been facing intense scrutiny over her health and physical appearance in recent months.

The "Petal" singer has been facing intense scrutiny over her health and physical appearance in recent months.

New York City now has one law for thugs to go after everyday Gothamites, and another for loons who dare to attack the powerful. 

Surprise Police Lt. Tim Klarkowski revealed that the child’s father, who lacks custodial rights, allegedly took the baby without permission.

The Dodgers are adding a new ace to their already star-studded starting rotation. And, as president of baseball operations Andrew Friedman said on Sunday, they won’t have to wait long to see him make his team debut. Newly acquired Dodgers pitcher Tarik Skubal is set to make his debut with the club Tuesday. A day...

Japan, Bretton Woods 2.0, & The End Of The Carry Era

Japanese Finance Minister Satsuki Katayama is set to announce as early as Monday that Tokyo and Washington are coordinating on steps in the foreign exchange market to curb the yen’s weakness, a person familiar with the situation told Bloomberg.

Satsuki Katayama

The content of the announcement is still being worked on but could happen as early as Monday morning, the person said, declining to be identified as the information isn’t public.

Reuters earlier reported Katayama would confirm the joint action, and reinforce the two sides’ commitment to battle what they deem as excessive declines in the yen.

Japanese authorities bought yen and sold dollars during New York trading on Friday, Bloomberg reported earlier, citing one person with knowledge of the matter. At the close of New York trading on Friday, the yen was quoted at 157.40 to the dollar, the strongest since early May.

Just two days earlier, it was flirting around the weakest levels since 1986.

The sharp gains were fueled by a combination of direct purchases of the yen, calls by officials to banks that trade the currency and jawboning from US Treasury Secretary Scott Bessent and Katayama.

Bessent’s commitment to shoring up the yen was also shown when Reuters published a photograph of a notepad in front of him at a cabinet meeting in Camp David on Friday.

Under a “To Do” title, it was written “Buy Japanese Yen (JPY) $5-10 bil.”

Japan’s original plan appeared to have been to stick to a “no comment” line while the operation was underway, and offer only subtle hints of US support.

The approach was kept to Thursday and Friday.

But with multiple media reports emerging and Bessent’s to-do list on show, authorities may have decided to change course and make a clear public announcement.

The operation on joint action is “still ongoing,” Reuters said, citing an unidentified government official.

As James Thorne, Chief Market Strategist at Wellington Altus, explained via X, Bessent’s move toward the New York Fed matters because it signals that Treasury understands the long end is being driven by flows, not by the inflation scare Wall Street keeps recycling.

Japan is now central to that story.

If Tokyo must defend the yen, the Ministry of Finance may need to sell U.S. Treasuries, and when the largest foreign holder of U.S. debt becomes a seller, the long end will reprice.

That is why this moment looks bigger than a routine currency episode.

It has the feel of a new Plaza Accord and the opening phase of Bretton Woods 2.0.

Since the 1980s, Japan has sat at the heart of the global yen carry trade, exporting savings, suppressing yields, and helping sustain a financial order built on cheap leverage and central-bank engineering. That order is now breaking down.

The end of QE and the coming end of the yen carry trade mean capital markets, not central banks, will increasingly set rates.

This is also why the inflation narrative is so weak.

Breakevens remain anchored. Credit markets are not pricing a new inflation regime. Wall Street keeps labeling every rise in the long end as “inflation risk,” but that is intellectual laziness.

The real story is Japan, reserve liquidation, and a global adjustment process that has barely been recognized.

Adding to that pressure is Big Tech’s pivot from providing savings to demanding credit.

The same companies that once absorbed duration are now issuing debt to finance AI infrastructure, data centers, chips, and power.

That is another reason the long end is moving.

The upshot, secular forces are tightening credit conditions, and central bankers need to cut policy rates to help facilitate the adjustment.

A global economy hooked on the carry trade cannot go cold turkey.

This unwind requires finesse.

Bessent is starting that process, but central bankers and Wall Street still need to abandon the Keynesian dogma that treats rise in the long end as an inflation scare!

The deeper shift is structural.

America is escaping secular stagnation by running the economy hot through supply-side economics, deregulation, and productive investment.

A Warsh Fed would fit that world, because growth would no longer be treated as a policy mistake.

Japan, meanwhile, may finally be restructuring both its economy and its geopolitical role.

That is why this is not an inflation story. It is the beginning of a new regime.

Tyler Durden Sun, 08/02/2026 - 16:55

Los Angeles Rams quarterback Matthew Stafford's wife, Kelly, is turning heads with a video she shared on her birthday.

That’s why Robert Stock started for this disastrous Mets team on the day before the trade deadline, as the Mets prepare for the final two months of what’s been among the worst seasons in franchise history.

Four Flock Safety cameras in one Long Island town were vandalized in July as backlash against the software grows nationwide — with one wild case including claims a cop down south illegally used it to track her lover. The AI-powered cameras, located in the Long Island East End town of Southold, were targeted amid a...

The criminals were armed with a knife and gun when they forced their way into the woman's home near West 168 Street and Ogden Avenue in Highbridge on Thursday around 10:15 p.m., police said. 

I must admit: I let my mind go into a spin cycle when I woke up Sunday morning and saw the back page of The Post, and the headline: “RICH GET PITCHER.”

Fisherman Carter Brown remained “abnormally calm” during the viral encounter, calling such dramatic moments “a part of life” in remote Alaska.

They’re trying to protect the paesan!

Cristiano Ronaldo's reported wedding venue in Madeira, Portugal, is a lot different than what Taylor Swift and Travis Kelce went with earlier this summer.

Bill Gates Held A Top Secret 'Q' Clearance For Seven Years - And The DOE Won't Say Why

Microsoft co-founder Bill Gates held a top-tier "Q" security clearance at the Department of Energy from 2014 to 2021 - though the DOE didn't grant it. Another federal agency vetted him first, and the letter confirming the clearance doesn't say which one.

The detail comes from a DOE letter entered into the Congressional record by Sen. Rand Paul (R-KY). The letter emerged as Fauci faced fierce Republican blowback during his Senate hearing last week, where the longtime face of COVID policy pleaded the Fifth more than 100 times.

A "Q" clearance is the Energy Department's highest classification level, the kind normally reserved for people working on nuclear weapons design, national labs, critical energy infrastructure, and highly classified scientific research. Gates kept that clearance for seven years, starting under President Obama and running through the entirety of the COVID-19 pandemic.

One explanation as to why; Gates founded and chairs TerraPower, the advanced nuclear reactor company that has spent years working alongside DOE national laboratories and won Nuclear Regulatory Commission construction approval in March. A nuclear executive holding a nuclear clearance is not, on its own, a scandal.

But the letter doesn't mention TerraPower - or why he had it at all. What it does say is that the clearance was granted reciprocally on June 11, 2014 - meaning it originated at another federal agency, and DOE simply honored it - before terminating on December 6, 2021. The letter does not name the agency that vetted him in the first place.

That's the question sitting in the middle of this document, and nobody in the federal government has answered it. Which agency decided a private citizen needed access to Restricted Data under the Atomic Energy Act, and for what program?

Once a Q clearance expires, getting it back isn't automatic. The government keeps reviewing eligibility, and anyone hoping to restore it usually has to show a real change in circumstances.

Tyler Durden Sun, 08/02/2026 - 16:20

Bumbling Nancy Guthrie investigators allegedly ignored blood found on the missing 84-year-old’s porch at the start of their probe, thinking it was unrelated to the case, and opened the crime scene two days later.

The new law, which was passed by California Governor Gavin Newsom in mid-July, takes aim with the state’s Missing Persons DNA Program. 

With “fewer than 100 days until Election Day,” GOP “prospects for keeping control of the House of Representatives are still poor,” warns the Washington Examiner’s Byron York.

The addition of Skubal has pushed oddsmakers to shorten the Dodgers' price down as the club pursues a third straight championship.

"All was forgiven when I saw its big ears and its wee face."