Aggregator

The deal gives TMCR a slice of future production revenue from one of the country’s only iron ore projects.

The victim learned of the viral TikTok video showing him passed out and half-naked on his couch a week later.

Don’t let them call it a “protest”: It was a riot outside Park East Synagogue on Tuesday night, as a hundred violent thugs with keffiyeh rags tied around their faces battled with the NYPD for hours.

Yolaine Diaz, 48 – who notably served as the digital fashion and beauty editor for PEOPLE en Español – was killed when the early Monday blaze ravaged the six-floor walk-up on Dyckman Street in Inwood, the outlet reported. 

One of our favorite summer collabs so far.

NOAA OKs First Deep-Sea Mining Plan For Critical Minerals In Pacific Ocean

Authored by Jill McLaughlin via The Epoch Times,

The Trump administration approved on May 1 its first deep-sea critical minerals exploration application, submitted by North Carolina-based deep-sea mining explorer The Metals Company USA (TMC).

The company expects to find millions of tons of nickel, copper, cobalt, and manganese on the sea floor needed in the United States for electric vehicle batteries, infrastructure, and national defense systems.

TMC applied for the 10-year license last year after President Donald Trump ordered the National Oceanic and Atmospheric Administration (NOAA) to expedite the process of reviewing and issuing the deep-sea permits to “unleash America’s offshore critical minerals and resources.”

“NOAA has determined that this application is fully compliant with the applicable application information requirements,” the agency reported May 1.

The application now moves into the certification stage and will undergo an environmental review process and be open for public comment before a license and permit are issued. TMC USA expects the process to conclude sometime in the first three months of 2027.

TMC is a subsidiary of a larger Canadian exploration firm with the same name that holds rights to what it describes as the world’s largest undeveloped resource of battery-grade nickel, copper, cobalt, and manganese.

“This determination marks an important step forward in NOAA’s transparent, rules-based process, and brings us ever closer to providing the U.S. with a new, abundant and lower-impact source of critical metals,” parent company TMC CEO Gerard Barron said in a statement.

“It reflects the sheer scale of scientific, environmental, and engineering effort and expertise that have been brought to bear on this project over the last 15 years, which provides us with sufficient information to move efficiently and responsibly into commercial operations under NOAA’s oversight,” Barron said.

NOAA determined that the application for an exploration license and commercial recovery permit under the Deep Seabed Hard Mineral Resources Act was in full compliance.

The Metals Company plans to conduct seabed mining exploration within the area beyond national jurisdiction known as the Clarion-Clipperton Zone, which stretches about 4,500 miles between Hawaii and Mexico in the North Pacific Ocean.

The zone is considered “common heritage of mankind” and is administered by the International Seabed Authority (ISA), a United Nations (U.N.) body that manages seabed resources.

The ISA, however, has not yet finalized global rules for the zone, and multiple countries view action in the absence of such rules as a violation of the U.N. Convention on the Law of the Sea.

Engineers aboard Hidden ​Gem inspect the ​top ​of the 4-kilometer-long ​riser system, ​which ​is used ​to ​transport ​collected nodules ​to the surface on compressed air. The Metals Company

The United States pushed forward this year to issue licenses under its own laws instead of waiting for the ISA, as part of a larger effort to amass a domestic supply of critical minerals for national security after China began to restrict global supplies.

TMC’s application and recovery permit covers a total area of 26,000 square miles in the Clarion-Clipperton Zone. The exploration areas are even larger, covering nearly 77,220 square miles.

The company believes the exploration areas contain an estimated 17 million tons of nickel, more than 14 million tons of copper, 2.2 million tons of cobalt, and 380 million tons of manganese.

The application received nearly 300 public comments, with some opposing and some supporting the company’s plans.

The ​Allseas-designed collector vehicle gently ​lifts the loose-lying ​polymetallic ​nodules from the seafloor at ​depths of 4 kilometers ​using water jets. The Metals Company

“I oppose deep-sea mining,” said Suzanne Reid, an individual from Florida. “We should not destroy the ocean’s natural oxygen-producing nodules. Please choose a moratorium to protect our future.”

Commenter James Selke said he thought the project was needed.

“While this project may introduce unavoidable impacts to the deep seabed, the relative area of this license (and the CCZ generally) is very small and isolated in comparison to the vastness of the World’s oceans,” Selke wrote. “The United States should deeply consider the national security impacts of such a project, holistically, rather than simply evaluating the unavoidable, yet mitigatable, impacts as the determining factor.”

NOAA accelerated permitting for deep-sea mining companies this year using a 1980s policy that allows U.S. citizens to explore the seabed to mine critical minerals until the international regulatory regime is in place.

The United States controls seabed mineral resources in the Exclusive Economic Zone and its Extended Continental Shelf, covering over 4 million square miles of submerged land around the Pacific islands, Alaska, and the Atlantic coast.

In ​2022, ​TMC and Allseas ​successfully lifted ​over 3,000 metric tonnes of ​nodules from the seafloor and transferred them ​to the hold of the Hidden ​Gem vessel. The Metals Company

Experts estimate that 43 of 60 minerals listed by the U.S. as critical to the economic and national security of America in 2025 can be found on the outer continental shelf, according to Congress.

The agency released the first images of geologic seafloor samples acquired through a survey project to map and characterize more than 30,000 square nautical miles of federal waters in the U.S. exclusive economic zone beyond the territorial waters of American Samoa in April.

“NOAA’s mapping missions serve as a reminder that ocean exploration is a vital piece of our nation’s economic development,” NOAA Administrator Neil Jacobs said in a statement.

The data gathered from the project will enable science-based decision-making to support responsible development, Jacobs said.

Tyler Durden Wed, 05/06/2026 - 17:40

Total hands-free cleaning.

Indiana Primary: Senate Incumbents Crushed By Trump-Backed Challengers

First rule of politics:  Never ignore the will of your base.  Second rule of politics:  Never make your party and your supporters weaker, or the opposing party stronger. 

In December 2025, 21 Republican Indiana state senators joined forces with 10 Democrats to vote against a Trump-supported bill to redraw the state's congressional map as more favorable to conservatives in the midst of a redistricting battle that could decide the outcome of the 2026 mid-terms.  The decision was viewed by many conservative voters in the state as contrary to the will of the MAGA base and a move that could lead to greater disaster for the country. 

The national agenda to undo the unprecedented damage done by the Biden Administration is already facing significant interference from every angle by Democrats and activist judges.  Conservatives fear it would be further derailed if Democrats take control of the House or the Senate (or both) two years into Trump's last term.  The last thing the nation needs is Republicans with suicidal empathy coming out of the woodwork to add to the chaos.

Given the Republican Party's incessant propensity to snatch defeat from the jaws of victory, the Indiana GOP/Democrat alliance was predictable but still troubling.  Crossing the aisle these days means siding with the same people who tried to enforce permanent pandemic lockdowns, mass-jailed J6 protesters, initiated open borders, spread transgender propaganda in public schools, etc. 

The era of bipartisanship is dead.

Critics might argue that defiance of Trump is not, in itself, a betrayal of the party as long as it's in the service of greater conservative principles (the idea of "fair maps" being one of those principles).  However, in the end, the voters still decide who best represents conservative ideals.   

A recent decision by the Supreme Court to restrict race-based gerrymandering by Democrats has opened the door to redistricting in a number of red states (similar to redistricting efforts by Democrats in states like Virginia).  The shift brought even more negative scrutiny on Republican incumbents in Indiana, adding to their inevitable and embarrassing defeat this week in the State Senate primaries. 

Republican State Senator Travis Holdman — who lost by over 20 points — isn’t taking it very well.

“Revenge & retribution is not a Christian value.”

All you had to do was listen to your constituents. pic.twitter.com/CW41WrS7Fo

— ThePersistence (@ScottPresler) May 6, 2026

Trump responded to what he referred to as a "RINO" betrayal by endorsing primary challengers, taking on seven of the incumbents running for re-election. His allies (including groups like Turning Point USA) focused considerable funding into these otherwise low-profile races.  Trump accused incumbents of potentially costing Republicans two extra House seats in the Mid-Terms and warned:

"Anybody that votes against Redistricting, and the success of the Republican Party in D.C., will be, I am sure, met with a MAGA Primary in the Spring..."

Trump was not wrong.  Of the seven incumbents on Trump's hit list, five were overwhelmingly defeated in the primaries (some of them had been in office for decades).  The sixth, Sen. Spencer Deery, is hanging by a thread with 3 vote lead after 95% of the vote was counted.  Trump challenger Paula Copenhaver says she expects to win with provisional votes left to be tallied.  If Copenhaver prevails, Trump will have swept away a significant number of anti-MAGA state senators. 

In the lead-up to the race, rumors spread by anti-Trump influencers swirled on social media claimed that MAGA as "all but dead".  They asserted that the voters were "jumping ship" en masse.  Obviously this is not the case.  The Indiana primary results have set the tone going into the Midterms and any notion of an internal conservative revolt has been quashed.  

A new attempt at redistricting in Indiana will not take place until 2027, but is is likely that Trump thought it more important to send a message.  And, it is true that for many years certain segments of the Republican Party have consistently aided the Democrats even though they rarely if ever offer such fair play in return.  Some call it political diplomacy, others call it deliberate subversion. 

In any case, Trump just made it clear that it will no longer be tolerated.       

Tyler Durden Wed, 05/06/2026 - 17:20

A suspected stash house in South Los Angeles run by gang members accused of deadly drug dealing at notoriously MacArthur Park was swarmed Wednesday morning by federal agents — who caught their targets allegedly trying to flush fentanyl down the toilet. The Post had a front-row seat as as nearly two dozen Drug Enforcement Agency...

President Trump hosted UFC fights in the Oval Office on Wednesday afternoon to promote the upcoming June 14 fight on the White House lawn.

A subtle detail in a Los Angeles City Council photo is drawing outsized attention. At the center dais in council chambers, where power is concentrated and billions in taxpayer dollars are steered, Council President Marqueece Harris-Dawson was seen holding a mug that reads: “Stay Woke.” Council president Maqueece Harris Dawson’s mug “Stay Woke” is fueling...

Trying to catching 'em all led to Zach Neto hitting 'em out on Tuesday night.

It's an onscreen bucket of slop that people will give a pass to because losers cheer whenever a character, such as they are, is impaled or sliced in half.

“I tried to shape shift to make everybody happy,” she said, later adding, “It’s just this constant dance with society.”

“I tried to shape shift to make everybody happy,” she said, later adding, “It’s just this constant dance with society.”

It was a battle of injured pitchers on Wednesday afternoon at Daikin Park. But in the Dodgers’ 12-2 win over the Astros, only one team could take advantage.

Chic, eco-friendly pet care.

Will AI Make Us Wonderfully Prosperous?

Authored by Jeffrey Tucker via The Epoch Times,

“Any given government program will become the opposite of its name,” Elon Musk said recently.

The rule seems correct.

Think of the Affordable Care Act, the Inflation Control Act, the CARES Act, the War on Poverty, and countless others. They all resulted in the very inverse of how they are named.

That’s some wisdom right there.

Musk holds many libertarian views along these lines and has been a vocal champion of capitalism as an economic system. He famously set out to lead a team to cut $2 trillion from the federal budget. It did not work but not for want of trying.

However, Musk is not always consistent. And he is not always correct.

He also recently wrote the following: “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.”

Let’s consider these assertions from the inside out.

Musk claims that AI is going to produce vast goods and services such that it will generate 4, 5, and 6 percent growth. Indeed, if economic growth is going to outpace money supply growth, even in normal times, it will need to be above 6 percent at least. That’s just based on average rates of money growth over the decade. If we want healthy growth beyond that, we’ll need output growth on the level of 9 and 10 percent.

The United States has not experienced growth like that since the 1880s. Data gathering was not quite sophisticated in those days—national income accounting had not yet been invented—so we cannot say for sure. This is just an estimate.

Perhaps it is not far off, however.

We had a bout of explosive innovation: commercialized steel, internal combustion, electric lighting, telegraph and photography, and much more.

That kind of innovation did indeed generate economic growth. The world had never seen anything like it.

Elon is implicitly assuming that artificial intelligence will be the same, a driver of a massive increase in prosperity. There is reason for doubt. We heard the same thing about the digital age. In fact, I was certain back in the late 1990s that the Internet would yield huge increases in productivity that would lead to growth on the scale of the Gilded Age.

That did not happen. We saw the opposite. We’ve been through 30 years of frustratingly slow economic growth. The fruits of the digital revolution were squandered with growing amounts of government debt, regulation, burdensome business mandates, and a litigation explosion. That combination created an enormous drag on what should have been glorious growth.

Recall that in the 1880s, we had no federal regulatory agencies at all. We did not have a welfare state or income tax. The dollar was secured and sound with a gold standard. We had no inflation at all; in fact, the dollar grew in value year by year, something that has not happened once since World War II.

For technological innovation to create explosive economic growth, you need that special ingredient called economic freedom. We are nowhere near as free in economics today as we were then.

Given this history, I’m extremely doubtful of the predictions that AI will give birth to wonderful economic growth anywhere near 9 and 10 percent. I would be very surprised. Indeed, mankind has proven its remarkable capacity for squandering wonderful opportunities to make the world a better place.

AI is impressive but with all new technologies, the hype always exceeds the reality. Remember it was only 10 years ago that everything and anything would “get on the blockchain” and magically become wonderful. Business consultants made bank duping naive corporate managers with this prattle. At some point, it became obvious that the blockchain is useful for specific tasks while the old tech would be fine for most everything else.

I see the frenzy over AI very similarly. Nor do I believe that the home robot has much of a future in our domestic lives.

Factories and shipping, sure, but helping around the house as in the Jetsons? Doubtful.

There is another odd feature to Elon’s argument. He says that all this wonderful but unproven economic growth will be accompanied by widespread unemployment as robots replace humans. This is odd. We’ll never live in a world where there is no work to be done. There is always work to be done at some price. So long as labor markets are free, there will be jobs.

One might suppose, too, that with 10 percent economic growth, there would be more than enough prosperity flowing to hire people for every manner of work. It’s not as if human beings will become useless. AI is great at routine tasks but terrible at judgment and creativity. There will be more, not less, of a market for those skills in an AI/robot world.

Therefore, there is no reason to suppose that the AI revolution will create mass unemployment over the long term. It’s reasonable to expect disruption and dislocation out of many professions. But if the labor markets are free to adapt, the old jobs will be replaced by new jobs.

In the 20th century, we’ve developed an obsession with unemployment, particularly since the Great Depression. The entire reason for this problem traces to controls on the labor market, privileges flowing to unions, restrictions on wage levels, and attempts to keep the market from adapting. High unemployment is a sure sign that the labor market is not free.

In a genuine free market, there would be no unemployment at all simply because it’s the nature of the world always to call forth human labor for some purpose and at some price.

Musk proposes that the U.S. government offer huge benefits in the form of income support for the unemployed. There are now 170 million people in the labor force. If 20 million of them are displaced by AI/robotics and each person is given $100,000 a year, that’s an astronomical expenditure of $2 trillion a year—exactly the amount that Musk sought to cut from the federal budget.

To match that figure with a money supply increase would mean nearly a 9 percent increase in M2 each year, which would certainly be hugely inflationary, all else equal. To stop that inflation, economic growth would have to be 10 percent and higher, which is highly unlikely. As a result, such expenditure would certainly mean a dramatic degradation in the purchasing power of the dollar.

No inflation, promises Musk, but he is likely wrong and the rest of society and the world would be stuck with the results.

Putting all these workers on permanent welfare would stop labor markets from adjusting to reflect new technologies. Why would anyone take a job if he can sign up for a basic income from the taxpayers? Such a proposal is completely contrary to any conception of a free market.

There is another feature here. Putting millions or tens of millions on permanent income support would drain creativity, energy, and productivity from the markets. It would be the greatest subsidy that sloths ever enjoyed. This would be a disaster for the human spirit.

We saw how universal income worked in the COVID years with stimulus payments.

It led to fraud, demoralization, and inflation. Making such a policy permanent would do the same and worse.

Remember the first Musk principle: “Any given government program will become the opposite of its name.”

What this points to is the general tendency to oversell and mask especially in government. It’s the same for universal basic income. It would not and could not be universal and it will degrade the lives of everyone it touches.

Tyler Durden Wed, 05/06/2026 - 17:00

The Fanatics Sportsbook promo code NYPOST offers MLB bettors a can’t-miss promotion that will make baseball even more fun this spring.

SOMETHING MUST BE DONE.