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SpaceX In "Final Stages" Of Securing New Massive Rocket Launch Site In Louisiana
Several Louisiana media outlets report that Elon Musk's SpaceX is in the "final stages" of securing approximately 130,000 acres on Pecan Island for a massive new spaceport to launch rockets into orbit.
The Times-Picayune reports a source with knowledge about the deal said SpaceX is poised to take control of roughly 130,000 acres at Pecan Island - more specifically, the coastal Vermilion Parish - as part of a settlement resolving long-running coastal lawsuits against ExxonMobil. Gov. Jeff Landry is expected to announce the agreement this month.
The outlet KPEL provided additional details:
Gov. Landry announced a settlement of the coastal lawsuits in June. Under that agreement, filed in the U.S. District Court for the Western District of Louisiana, ExxonMobil is expected to turn over land it has owned in Vermilion Parish since the 1950s, property long leased out for hunting and fishing. The terms have not been made public.
SpaceX would then take control of the site, with provisions built in for coastal restoration and protection, according to a source with knowledge of the deal.
Landry has confirmed the coastal settlement but declined to discuss the SpaceX deal specifically, and Louisiana Economic Development Secretary Susan Bourgeois has offered no comment either. SpaceX hasn't named Louisiana directly, though the company acknowledged in a social media post that it's scouting new sites to expand Starship launch operations.
KPEL explained why Pecan Island best fits SpaceX's launch requirements:
Pecan Island has a permanent population of about 100 people along Louisiana Highway 82. Aerospace experts point to a handful of reasons that sparse setting appeals to SpaceX: deep-water access along the Intracoastal Waterway for barging in rocket hardware, a location roughly midway between the company's Texas and Florida facilities, and a local supply of natural gas. SpaceX has also told regulators it wants to launch up to a million low-Earth-orbit satellites in the coming years, a plan that will require more launch pads.
Everything Elon Musk blog Elon Chron's S.E. Robinson, Jr. wrote on X:
SPACEX: Louisiana State Senator Bob Hensgens, who represents Vermilion Parish, confirmed yesterday, ongoing talks between "a space exploration company" and Exxon-Mobil for the potential purchase of 136,000 acres south of Hwy La. 14, west of Intracoastal City, north/south of Pecan Island, extending to Rockefeller Wildlife Refuge in Cameron Parish.
The land is owned by Exxon-Mobil with surface rights managed by Vermilion Corporation. Hensgens could not name the space company, but stated he declined to sign a non-disclosure agreement for transparency purposes.
There is also talk about the possible construction of a coastal levee. The area is prone to hurricanes, so this would be a necessity.
More SpaceX news in today's ELON CHRON below!
SPACEX: Louisiana State Senator Bob Hensgens, who represents Vermilion Parish, confirmed yesterday, ongoing talks between "a space exploration company" and Exxon-Mobil for the potential purchase of 136,000 acres south of Hwy La. 14, west of Intracoastal City, north/south of Pecan… https://t.co/nSHbWqikKZ pic.twitter.com/HCwKGbco4G
— S.E. Robinson, Jr. (@SERobinsonJr) May 8, 2026If SpaceX secures the Pecan Island site, it would establish the company's second major Starship launch complex, alongside Starbase in Boca Chica, Texas, where it already employs 3,400 people. SpaceX is the world's leading launch provider, beating out entire nation states, and continues to rapidly expand its rocket and AI-driven manufacturing capabilities.
A second SpaceX launch site in Louisiana would be transformative for the state. The project is expected to create thousands of construction jobs during the build-out; although only a fraction of the 130,000-acre site would be developed, the remainder would serve as a safety and environmental buffer. Once operational, the launch, manufacturing, engineering, and support workforce could number in the thousands, establishing a major new aerospace hub along the Gulf Coast.
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Capital One Cites Anti-Money Laundering Review Over Trump Organization Debanking Claims
Authored by Owen Evans via The Epoch Times,
Capital One asked a judge to dismiss a lawsuit brought by the Donald J. Trump Revocable Trust, part of the Trump Organization, claiming that the bank's 2021 debanking of hundreds of Trump-linked accounts followed an internal anti-money laundering review and not the political discrimination the plaintiffs allege.
President Donald Trump prepares to board Air Force One at Morristown Municipal Airport in Morristown, N.J., on Aug. 2, 2026. Anna Moneymaker/Getty ImagesIn a motion to dismiss filed on July 31 in the U.S. District Court for the Southern District of Florida before Judge Roy Altman, Capital One said the accounts were terminated after a review by anti-money-laundering experts.
The filing said that "documents and Plaintiffs' own allegations make clear that Capital One closed Plaintiffs' accounts for anti-money laundering (AML) reasons."
"The closures were the result of months of analysis and a careful review by Capital One's AML team in accordance with bank policies and regulatory guidance," it added.
Capital One said in the filing that the Trump Organization's allegations of political pretext were "misguided" and "based on cherry-picked quotations unsupported by the full context" of documents submitted to the court.
It did not accuse the Trump Organization of money laundering.
The case, filed in 2025, focuses on Capital One's March 2021 decision to close deposit accounts held by the Trump Organization and related entities.
Capital One informed the Trump Organization in March 2021 that "hundreds" of its bank accounts would be closed by June 7, 2021, according to an original lawsuit filed by The Trump Organization and Eric Trump, the president's son, in Miami-Dade Circuit Court in March 2025.
The plaintiffs said they believed Capital One was harboring "unsubstantiated, woke" beliefs that "it needed to distance itself from President Trump and his conservative political views," which they alleged motivated the bank to abruptly close the organizations' accounts.
At the time, Capital One told The Epoch Times that it "has not and does not close customer accounts for political reasons."
Capital One's recent filing said the rules governing the accounts allow it to "close any account in our sole discretion at any time for any or no reason."
Capital One's first attempt to dismiss the case, filed in May 2025, was withdrawn after the plaintiffs filed an amended complaint the following month.
Its second attempt succeeded in March this year, when a judge dismissed the case but gave the plaintiffs another chance to refile.
Capital One is now asking the court to dismiss the current complaint and said that the latest version "suffers from the same fundamental flaws as their prior two pleadings."
President Donald Trump also filed a lawsuit against JPMorgan Chase in January over alleged debanking.
Alejandro Brito, the president's personal attorney, filed a $5 billion lawsuit on Jan. 22 in Miami's Florida state court on behalf of the president and his hospitality companies.
Following the January 2021 breach of the U.S. Capitol, the largest bank in the United States shuttered the accounts of Trump and his related entities.
JPMorgan told The Epoch Times that the case "has no merit."
Trump signed an executive order in August 2025 to stop banks from denying people financial services because of their political or religious beliefs, a practice known as debanking.
According to a White House fact sheet, the executive order requires federal banking regulators to investigate whether banks have engaged in "politicized or unlawful debanking" and to issue penalties such as "fines or consent decrees."
The order also directs regulators to remove terms such as "reputational risk" from their guidance - language that has allegedly been used to justify debanking.
The Trump Organization and Capital One did not immediately respond to The Epoch Times' requests for comment.
Troy Myers, Andrew Moran, and Emel Akan contributed to this report.
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"Spider-Man: Brand New Day" Crushes Woke Odyssey Film At Box Office
Hollywood pulled out all the stops for "The Odyssey" - They relied heavily on director Christopher Nolan's built-in and generally pretentious audience to drive early box office revenues.
The hype machine was running non-stop for months before the release. The distributor's focused heavily on IMAX ticket sales, which cost more than double a normal theater ticket. They attempted to hide the woke content of the film from the public for as long as possible (an ancient Greek epic with no Greeks, featuring black, Asian, Hispanic and trans actors with a story that deconstructs the hero's journey of Odysseus, making him into a broken shell of a man. Historical inaccuracies and modernization are rampant in the movie.
Critical websites also froze the audience ratings above 95% by rejecting most negative reviews.
Despite all of this, The Odyssey's early box office was not impressive compared to most blockbuster movies. It didn't even break the top 60 movies for opening weekend revenues (adjusted for inflation). The political left rushed onto social media to declare victory, claiming that "Get Woke, Go Broke is over".
Then, Spider Man: Brand New Day opened and ate The Odyssey's lunch, showing how a real blockbuster is supposed to perform.
For its opening weekend, Spider Man raked in $927 million worldwide - Compare that to The Odyssey's $264 million global box office for the first weekend. Spider Man crushed The Odyssey without trying. Spider Man is projected to make around $2.5 billion in the next few weeks while Nolan's movie is struggling to hit $1 billion. If Nolan had made a non-woke movie, maybe he would have had better numbers.
The Odyssey's theater take sounds like a success, despite being easily surpassed by Spider Man. However, with all the bluster over the film's "woke triumph", leftists are avoiding an inconvenient truth: The Odyssey has yet to make a single penny in raw profit.
Nolan's woke translation has brought in $911 million after three weeks, but it needs around $950 million just to break even. This is accounting for marketing costs, theaters taking their 50% cut, and Nolan taking his own 20% cut of revenues as part of his contract. Will the Odyssey break even? Probably, but Universal Studios will be straining to make any meaningful profit from the production.
Nolan will be laughing all the way to the bank, but distributors will not be as fortunate. Spider Man has already surpassed the break even point and made a profit.
In the end, The Odyssey will represent nothing more than a woke vanity project for a director who is fading in talent. Nolan says he may be taking several years away from the business after Odyssey, which means Hollywood expended all its ammunition on one last stand.
The Hollywood model has long been to force progressive content on audiences while ignoring public pleas for less propaganda. In the minds of the elites, the masses must be conditioned over time to accept wokeness. They believe that if they saturate the market for long enough, movie-goers will eventually capitulate and accept woke as the new normal. This has not happened.
Instead, nearly every woke movie and streaming series has failed, losing the industry billions in cumulative production costs. Studios have been forced in the past couple of years to return to less political messaging and more classic entertainment.
The Odyssey is a defiant rebellion, specifically designed as a vehicle to revitalize the Hollywood argument in favor of woke content. Yet, compared to non-woke movies, the profit margin is looking dismal.
The political left never learns, they only double down on failure and convince themselves that their own propaganda is reality. Even if one considers The Odyssey a "success" for making it's money back, how many woke movies can Christopher Nolan possibly direct? One every few years? No other director has a similar simp audience to lean on.
Meaning, The Odyssey is likely the last gasp, the death rattle of far-left content gaining any momentum in theaters for years to come. One woke movie breaking even does not make up for hundreds of box office disasters.
Tyler Durden Mon, 08/03/2026 - 20:30