CMR is the leading provider
of funding and management
support for small to
medium-sized businesses and
entrepreneurs
Established 1984 C MR
is the leading venture
capital, management
support and business
services provider for
small to medium-sized
businesses - linking
excellent management
skills with the
substantial financial
resources of a global bank
of private investors.
CMR has over 450 senior
executives, operating
in the UK, USA, Europe, Asia,
Australasia and
globally,
providing both funding and
specialist help for
entrepreneurial
businesses .
For Businesses
CMR provides excellent
resources:
CMR FundEX Business Exchange - gives all companies & entrepreneurs direct access to CMR's global investor base.
CMR Catalyst Group
Programme -
transform
profitability through
merging.
CMR Company Sales Division helps owners to exit
at the best price.
CMR Corporate Recovery
Division -
experts in rescue and
turnaround.
CMR Technology Licensing
Division -
commercialising
innovation.
CMR Executive
Professionals - management support
and consultancy.
CMR Executives-on-Demandâ„¢ Fully experienced
senior executives
available quickly and
cost effectively.
We always welcome
contact with new
business clients- please get in touch
- we will do our
best to match
your needs and exceed
your expectations.
For Investors
Preferential access to new opportunities for investment and/or acquisition
P re-vets
propositions and
provides a
personalised service
to our investors
Syndication service
enabling investors to
link together as desired
Executive and
management support for
investments as needed
CMR's services to
our investors are not
only fast & efficient
but also free
W e
always appreciate new
members- you are welcome
to join as an investor
or as a CMR Executive.
When you
join us as a Senior
Executive:
CMR's strength is in the
skills and experience of
our executive members -
all senior, director level
people with years of
successfully running and
managing companies.
Because the demand for
CMR's support and services
is ever-increasing,
especially as we enter
recessionary times, we
have a growing need for
more high calibre
executives to join us from
every industry and
discipline.
You will be using your
considerable experience to
help smaller businesses
and entrepreneurs to grow
profitably.
We offer full training
and mentoring support to
help maximise potential.
We are
always keen to find more
high calibre senior
executives in all areas-
skills and location.
Make contact with us today
and maximise your
opportunities.
HEAD
OFFICE
124 City Road
London EC1 2NX
Tel: +44 (0)207-636-1744
Fax:+44 (0)207-636-5639
Email: cmr@cmruk.com
Registered Office:
124 City Road ,
London EC1 2NX
Also Glasgow,
Dublin, Switzerland, Europe, USA/Canada
Privacy Statement: CMR only
retains personal details
supplied directly by executives
joining CMR themselves either as
Full Executive Members or
Interim Management Members or
Investors. Those details are
only used within CMR and not
disclosed to any third parties
without that person’s
agreement. We will keep that
data until requested by the
person to be removed – at that
point it will be deleted.
Personal data is never sold or
used for purposes outside of
CMR’s normal operations. Any
correspondence should be
directed to the Managing
Director, CMR,
Kemp House,
152-160 City Road, London EC1V
2N
Senior Executives
CMR is a worldwide network of senior executives. Join us to expand your career and business horizons.
Business Entrepreneurs
CMR has a complete range of resources & services provided by experts to help all businesses to grow and prosper.
Investors & Venturers
CMR has a continuous stream of business and funding propositions, which are matched to investor preferences. Join us - it's FREE!
FundEX
FundEX is CMR's worldwide stock market for small to medium sized companies and entrepreneurs to raise new capital.
Interim & Permanent Management
Many of CMR's executives can be recruited on an interim, permanent or NED basis.
Login
Main CMR Intranet members only
Regional Intranets
Thu, 18 Jun 2026 02:35:00 +0000 Drug Czar On How She Is Taking On The Cartels And China
Drug Czar On How She Is Taking On The Cartels And China
Drug Czar On How She Is Taking On The Cartels And China
Authored by Darlene McCormick Sanchez via The Epoch Times ,
The dim tunnel passage hugs narrow, winding concrete steps that lead 55 feet down, with a ceiling no higher than 4 1/2 feet, making it a claustrophobe's nightmare.
The underground passage stretching from Tijuana, Mexico, to a warehouse in California near the Otay Mesa Port of Entry known as "Buy 4 Less" is about 2,000 feet long and features reinforced walls, rail, ventilation, and electrical systems.
Sara Carter, director of the Office of National Drug Control Policy, at her office in Washington on June 8, 2026. Carter was sworn in to the role in January. Her office coordinates anti-narcotics policy for 19 federal agencies. Madalina Kilroy/The Epoch Times
The U.S. Attorney's Office for the Southern District of California said on June 1 that the tunnel had been discovered during a Homeland Security investigation involving a suspected drug smuggling operation.
Four people were charged with conspiring to distribute more than a ton of cocaine worth $45 million. Authorities said the discovery dealt a blow to the Jalisco New Generation cartel.
"Hundreds of millions of dollars of narcotics have probably made their way through this tunnel . Imagine the national security implications of that," drug czar Sara Carter told host Jan Jekielek on a recent episode of EpochTV's "American Thought Leaders."
Power Play
Carter said federal agencies have been turning to technology to help combat cartels, although she couldn't disclose details. She said the cartels' use of tunnels to transport illicit drugs shows that they are feeling U.S. pressure along the border.
"They're having a much harder time getting their product across the border because we've shut it down, " she said.
Carter attributes it to the Trump administration's whole-of-government approach to stop the flow of illicit drugs into the country, at the border and beyond.
Carter was sworn in this January as the director of the Office of National Drug Control Policy, which coordinates anti-narcotics policy for 19 federal agencies. The office leads the Trump administration's effort to reduce illicit drug manufacturing, trafficking, drug use, and overdose deaths.
"Our Homeland Security task forces, now under President Trump, have the capability ... to do what's needed to cut off the heads of the snake ," she said.
Carter attributed President Donald Trump's efforts to close the border to illegal immigrants and designate cartels as foreign terrorist organizations as significant factors in reducing the flow of drugs across the border, and ultimately driving overdose deaths.
Yet Carter said the cartels aren't the only problem fueling drug use in the United States - adversarial nationals are also part of the problem.
"We have adversaries that have contaminated our supply chain. We have cartels that couldn't care less," she said.
Carter acknowledged the Chinese Communist Party's involvement in the precursor chemicals to make fentanyl distributed by the cartels.
"It is unrestricted warfare ," she said.
"I have already spoken with Chinese counterparts about this. I have made it very clear that we understand, and we know where these precursor chemicals are coming from, and that it will not be tolerated."
Carter said China has been put on notice to disclose such chemicals in shipments coming into the United States. Likewise, she has been talking to Mexican officials about safeguarding their own ports against the importation of illicit drugs.
At U.S. ports, the government is also working to hold private industry accountable. If cargo ships are caught with precursor chemicals, then the federal government will hold them accountable, she said.
"We're looking at all kinds of new technology, technology that was unheard of in the past," she said. "How can we implement this technology to ensure that the cargo that is coming in is clean?"
Cooperation Through Strength
Carter said that countries understand that Trump is willing to wield U.S. power to stop the drug trade, putting nations on notice around the world.
Trump's military operation in Venezuela resulted in the arrest of former Venezuelan leader Nicolas Maduro, who had a $50 million bounty on his head as the alleged leader of the De Los Soles cartel, which was designated as a foreign terrorist organization.
"One of the best operations I've ever seen conducted," Carter said. "We have done what we said we were going to do. There were no more games."
She also said that the amount of cocaine and other drugs flowing from Venezuela has dropped since Maduro's capture.
Trump's projection of strength has led to unprecedented cooperation from both Mexico and China, she said.
One example is a February operation in which the United States provided Mexico with intelligence that they used to take down the Jalisco New Generation cartel's kingpin, Nemesio Oseguera Cervantes, known as "El Mencho."
Mexican officials cooperated with the United States, sending in the Mexican National Guard and special forces to confront the cartel's leader, Carter said.
"We said, 'Look, here's the information, go get them,' and they did, and we'd never seen that before, not like that, not in that same way, not with that cooperation," she said.
Likewise, China's Ministry of Public Security has been uncharacteristically cooperative, she said. FBI Director Kash Patel traveled to China in November 2025 to meet with his counterpart to discuss stopping the flow of fentanyl precursor chemicals.
During Patel's visit, the Chinese regime agreed on a plan to stop fentanyl-related chemicals as part of its deal with the Trump administration to crack down on the lethal synthetic opioid.
Two milligrams of fentanyl - the size of a few grains of salt - can be fatal. The drug has killed hundreds of thousands of Americans.
'Don't Give Up'
Overdose deaths have been decreasing, but Carter said there are still far too many.
She said 68,000 people died from drug overdoses in 2025, down from a high of 112,000 in 2023. Some have attributed that decrease to a reduction in the amount of fentanyl found in street drugs.
Carter said she does not consider it an overdose when a person orders what he believes to be Adderall online and then dies because the pills are laced with fentanyl.
"This is unacceptable. This is the United States of America," she said.
Members of Congress look on as President Donald Trump signs the Secure America Act in the Oval Office in Washington on June 10, 2026. The $70 billion package funds Border Patrol and Immigration and Customs Enforcement (ICE) operations through the end of Trump’s term in office in fiscal year 2029. Alex Wong/Getty Images
Tyler Durden
Wed, 06/17/2026 - 22:35 Close
Thu, 18 Jun 2026 02:10:00 +0000 Welcome To Baltimore: Chaos, Gunfire, And Roaming Youth Mobs Transform Bar District Into Warzone
Welcome To Baltimore: Chaos, Gunfire, And Roaming Youth Mobs Transform Bar District Into Warzone
One of Baltimore City's premier bar and restaurant districts was transformed into a warzone over the weekend, with roaming gangs of und
Read more.....
Welcome To Baltimore: Chaos, Gunfire, And Roaming Youth Mobs Transform Bar District Into Warzone
One of Baltimore City's premier bar and restaurant districts was transformed into a warzone over the weekend, with roaming gangs of underage kids, large unruly crowds, fights, and even a shootout that seemed like a scene from the crime drama The Wire . Urban decay in Baltimore is rampant and is a symptom of failed left-wing leadership, which seems more focused on city-killing progressive politics, DEI, illegal aliens, and climate change than actually providing basic law and order to taxpayers.
Fox Baltimore reports that Fells Point was flooded with hundreds of young people, mostly underage teens, overwhelming parts of the nightlife district known for its local shops, bars, and restaurants.
What came next was chaos...
The scenes of chaos raise new concerns that the failed left-wing leadership under Mayor Brandon Scott has lost control of the city’s youth. The direct consequence will be that tourists - those still brave enough to visit a city in terminal decline - may abandon plans to come to Fells. This will impact mom-and-pop restaurants.
City leaders are unserious.
Lawlessness is nothing new in Baltimore, which continues to suffer a population collapse , now at a 100-year low.
Related:
As public safety concerns mount, quality of life deteriorates, and taxes remain ungodly high, raising a family in a city controlled by Democrats has become unbearable and dangerous - all the more reason to flee to the county or leave the state entirely for a common-sense red state.
Related:
And it gets much worse, well, the local economy is in turmoil:
For anyone traveling up or down the I-95 along the East Coast this summer, the Baltimore exit may be one to avoid. The wise move is to keep on driving. And if you want a taste of Baltimore, just re-watch The Wire on a streaming platform from the comfort of your sofa.
Tyler Durden
Wed, 06/17/2026 - 22:10 Close
Thu, 18 Jun 2026 01:45:00 +0000 Majority Of Americans Say It Would Be Good For Society If More People Were Religious: Poll
Majority Of Americans Say It Would Be Good For Society If More People Were Religious: Poll
Majority Of Americans Say It Would Be Good For Society If More People Were Religious: Poll
Authored by Victoria Friedman via The Epoch Times ,
A majority of U.S. adults (65 percent) say they believe that it would be good for society if more Americans were religious , according to a poll by Gallup.
A man prays following an Ash Wednesday Mass at the Cathedral of St. Matthew the Apostle in Washington, on Feb. 22, 2023. Chip Somodevilla/Getty Images
Gallup's Values and Beliefs survey, released on June 16, found a substantial gap between the sexes, with 70 percent of men agreeing that more religiosity would be good for the country, compared with 61 percent of women.
By age grouping, the younger generations were least likely to agree, with less than half (49 percent) of 18- to 34-year-olds saying it would be good if more Americans had a faith, compared with 66 percent of 35- to 54-year-olds and three in four (75 percent) of those aged 55 and over.
In terms of political affiliation, the vast majority of Republicans (94 percent) thought that having more religious people would be better for the United States, followed by independents (59 percent), and Democrats (51 percent).
"Nonreligious people are the only major subgroup that believes increased religiousness would be negative (55 percent) rather than positive (27 percent) for the nation," pollsters said of the findings of their survey, conducted between May 1 and 17.
Proportion Down From 2013
While nearly two-thirds (65 percent) of Americans say that more religiosity would be good for the country, Gallup noted that this proportion is down from the 75 percent of U.S. adults who expressed the same opinion when asked by the polling firm in 2013.
This 10-point shift reflects changes in opinion in most key demographic and political groups, mostly dramatically among women, 18- to 34-year-olds, those with some college, and Democrats - with all those groups shifting opinion by negative 16 points.
The only exceptions were Catholics (up 5 percent), those with no religious affiliation (up 3 percent), and Republicans (also up 3 percent).
The decline mirrors the decrease in religious sentiment across the United States.
According to Gallup findings from March, less than half (47 percent) of Americans say that religion is "very important" in their lives. The reading has been gradually declining from 58 percent in 2012. In 1952, this proportion was 75 percent, and 70 percent in 1965.
Religion Increasing Influence
The latest survey also found that Americans see religion increasing its influence in life in the United States, with 39 percent of U.S. adults saying religion's influence is on the rise. This is among the highest readings in the past two decades, only lower than 41 percent in December 2025 and 40 percent in September 2006.
"The recent increase began after Republican Party victories in the 2024 elections, with the percentage climbing from 20 percent in May 2024 to 35 percent in December of that year, " Gallup said.
"The past two readings, from May and December, have been even higher since the GOP has been in office and governing."
Commenting on the findings overall, Gallup said that "while Americans continue to believe a more religious society would serve the U.S. well, fewer hold this view than did in 2013.
"This shift has come as the percentage of Americans who are religious are, by nearly any measure, near historical lows."
Pollsters added that the findings come at a time when the Trump administration "has sought to elevate the role of religion in public life, including by establishing the White House Office of Faith, beginning government meetings with Christian prayers, and encouraging federal workers to express their faith in the workplace."
White House Faith Office
In February 2025, President Donald Trump signed an executive order establishing a White House Faith Office.
The office was tasked with working alongside faith and community leaders to develop policy recommendations for combating faith-based discrimination, strengthening religious liberty, and strengthening families and marriages.
In February of this year, Trump said during the National Prayer Breakfast that there were many signs that faith was returning to the United States.
"Religion is back, now, hotter than ever before," Trump said in his speech at the Washington Hilton on Feb. 5.
"Thankfully, as we gather today, there are many signs that religion is coming back. Now, it's no longer signs.
"It's just coming back; it's coming back so strong. You know, your churches are filling up."
President Donald Trump bows his head during the National Prayer Breakfast at the Washington Hilton in Washington on Feb. 5, 2026. Saul Loeb / AFP via Getty Images
Tyler Durden
Wed, 06/17/2026 - 21:45 Close
Thu, 18 Jun 2026 01:20:00 +0000 COVID Origins, Lab-Leak Accountability, And The Next Pandemic Threat
COVID Origins, Lab-Leak Accountability, And The Next Pandemic Threat
COVID Origins, Lab-Leak Accountability, And The Next Pandemic Threat
The Hudson Institute hosted Dr. Steven Quay on Monday afternoon for a discussion on COVID-19 origins, during which he presented genetic evidence from his new book, The Code as Witness , arguing that the virus originated through gain-of-function research in a Chinese lab.
Years later, there has still been no accountability for what Quay argues was a Chinese lab leak that killed more than one million Americans and caused U.S. economic damages in excess of $18 trillion. Nor has there been a unified U.S. government consensus on the lab-leak theory, let alone on potential consequences for China or Dr. Anthony Fauci.
In the roughly one-hour discussion, which was opened by Sen. Roger Marshall (R-Kan.), a leading voice for stronger oversight of high-risk biological research, Quay, a Hudson senior fellow, said features encoded in the virus's genetic material point directly to lab manipulation rather than natural zoonosis .
Quay warned that irresponsible and unregulated gain-of-function research is accelerating globally and could produce pathogens far deadlier than the one that caused COVID.
Last week, Outgoing Director of National Intelligence Tulsi Gabbard declassified a set of internal intelligence slides documenting a long-running US program that has funded a global network of biolabs that handle dangerous pathogens - including dozens in Ukraine.
Returning to Quay's discussion at Hudson, he pointed to several genetic features he says are difficult to explain by natural evolution alone, making it impossible . These include the furin cleavage site, the virus's early optimization for human ACE2 receptors, the ORF8 gene, restriction-enzyme patterns, and the rapid D614-to-G614 mutation.
VIDEO
Hudson Senior Fellow David Asher, drawing on decades of national security and intelligence work at the State Department, spoke with Quay about the confluence of the U.S. government and scientists who censored the lab-leak theory.
Asher told Quay that, years after the pandemic, there is still no formal COVID commission that gives the American people a clear understanding of where the virus came from , who should be held responsible, or a unified government consensus on the virus.
The Quay-Asher discussion then shifted to the biosecurity policy . They spoke of the urgent need for accountability, biosafety reform, and risk reduction as gain-of-function research accelerates globally.
VIDEO
Even with no clear federal government consensus on COVID origins, a recent YouGov poll demonstrated sharp partisan divides among the American people: 80% of Republicans and 47% of Democrats say the virus came from a Chinese lab . Meanwhile, 66% of Republicans and 26% of Democrats think it is definitely or probably true that the virus was released on purpose.
The American people demand accountability. It is time for a COVID commission.
Tyler Durden
Wed, 06/17/2026 - 21:20 Close
Thu, 18 Jun 2026 00:52:34 +0000 "The Situation Has Become Unsustainable": Apple To Hike Prices To Offset Soaring Memory Costs
"The Situation Has Become Unsustainable": Apple To Hike Prices To Offset Soaring Memory Costs
Up until now, Americans primarily hated the flood of data centers popping up around the country like mushrooms (at least those that haven'
Read more.....
"The Situation Has Become Unsustainable": Apple To Hike Prices To Offset Soaring Memory Costs
Up until now, Americans primarily hated the flood of data centers popping up around the country like mushrooms (at least those that haven't been canceled or delayed due to regulatory pushback, lack of electricity or outright hostility) because of surging electricity prices and the rising tide of unemployment as chabots gradually make America's white collar workers obsolete. Now they can add surging consumer price inflation to the list of reasons to hate data centers, whose ravenous demand for memory has sent prices to record highs.
According to the WSJ, Apple plans to raise prices on its products to offset the surging costs of memory and storage chips, CEO Tim Cook said in an interview with The Wall Street Journal .
“Unfortunately, price increases are unavoidable,” he said. “We’re doing our best to mitigate the huge increases that are being passed to us, and we’ve been trying to shield our customers from the increases, but the situation has become unsustainable.”
Cook declined to offer details on the timing or scale of the planned price increases, nor which products would be affected. Apple’s next major product launch is likely to be in September when it releases the iPhone 18 lineup, expected to include a new foldable iPhone.
Price increases, especially for Macs and iPads, could come sooner. Apple - which is only the first major consumer electronics company to succumb to surging input prices and pass them through to consumers - raised the starting price of the Mac Mini last month in between launch events.
Skyrocketing demand for memory and storage chips from artificial-intelligence companies has pushed up their cost so much that Apple would have to raise device prices substantially to maintain its profit margins. Passing the higher cost on to consumers while maintaining its profit margin would add about $270 to the price of the next iPhone Pro model, or a price increase of more than 20% estimates research firm TechInsights.
While Apple doesn’t report the gross profit margins on individual products, the TechInsights research suggests the margin on the $1,099 iPhone 17 Pro was a tidy 47%. To maintain that profit margin for the iPhone 18 Pro, based on estimated costs, the company would have to charge $1,371. Because the company likes standardized pricing, the starting price tag would more likely be $1,299, yielding a 44% gross profit.
And this calculation doesn’t account for a potential new camera system that will also cost Apple about 50% more than previous models, according to supply chain analyst Ming-Chi Kuo. In that case, following the same math, Apple could set the starting price of the iPhone 18 Pro at $1,399—or higher.
A full breakdown of the math behind the increase can be found in this WSJ article .
Source: WSJ
While chips have emerged as the key bottlenecks for agentic-focused data centers, even more so than GPUs/CPUs, the resulting price surge has prompted manufacturers like Samsung and SK Hynix to focus production on high end HBM products, while shrinking supply for more modest DRAM products which however are used in virtually every modern product; chips for memory and storage are key components inside most computing devices, including smartphones, laptops, game consoles, medical equipment and even cars. But with AI servers gobbling up rapidly increasing volumes of those chips - with little to none price discrimination since it is the latest batch of bondholders who ends up footing the bill - even a company as rich and powerful as Apple is struggling to secure supply.
Since last year, when Google, Microsoft, Meta and Amazon began announcing big increases in their capital spending budgets, the prices for memory and storage chips have both quadrupled. TechInsights expects both prices to continue increasing into 2027, unless a flood of Chinese chips hits the market .
Memory, also called DRAM, and storage, also called NAND, are like elements of a mid-20th-century office: The memory is a desk that holds all the papers a worker needs to perform a task, while storage is the filing cabinet that holds everything else. Smartphones use DRAM memory to run apps currently in use; they use NAND storage to file away photos and videos, for example. And since both products were (and are) a pure commodity, there were are substitute makers in the Western world besides the big memory companies.
Cook said prices for memory and storage are both issues for the company, though he focused on the DRAM market in particular, calling out the increased allocations going to so-called high-bandwidth memory that is used for AI servers.
“There’s less supply at a time when consumers want devices and the memory guys are passing along huge price increases,” said Cook. “We definitely need memory pricing and supply to return to reasonable levels for consumer products. That’s the bottom line.”
Three companies dominate the market for DRAM memory: Samsung and SK Hynix in South Korea, and Micron in the U.S. Makers of NAND storage include those three companies as well as Kioxia and Sandisk. Their stock prices, along with their profits, have exploded over the past twelve months: Micron and SK Hynix shares have risen more than 800% while Kioxia and Sandisk have risen 4,600%.
Seeing the unprecedented demand, memory companies are building more factories: Morgan Stanley forecasts that production capacity for DRAM wafers, the silicon discs on which chips are patterned, will grow 30% by 2027. Yet as suppliers prioritize the specialized AI memory, wafers for consumer tech will fall up to 15% short of demand, Morgan Stanley estimates, although the bank may be conflicted due to its substantial exposure to various companies in the AI ecosystem, which would be terribly vexed if Morgan Stanley were to reach a different conclusion (like, for example, that China - that great commodity crushed - is coming online with massive output in the coming months which will send prices for at least baselines DRAM and NAND sharply lower).
While China has national champion companies in memory and storage, but due to national-security rules, American companies would likely require licenses to work with them. When asked if those restrictions should be loosened, Cook said: “I think everything needs to be on the table,” adding, “I think we should look at all supply.”
He is right: as we showed recently, chips and memory have emerged as one of the biggest drivers of wholesale inflation, and now that it is being passed on to consumers, it is only a matter of time before the inflation-averse White House starts making very loud noises, demanding an artificial limit on how high memory prices can rise.
Apple is late to the party: Companies that make PCs, game consoles, smartphones and more have already raised prices, including Hewlett-Packard, Dell and Nintendo. A consortium of industry associations recently sent a letter to Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick complaining about the overallocation of memory to AI buyers and asking for help to increase supply.
Morgan Stanley estimates a 15% bump for prices of smartphones and PCs in the U.S. this year. This price hike will have a limited impact on the consumer price index, which has only a small weighting for such devices. Yet any price increase on the popular iPhone will immediately grab Washington’s attention.
Compounding the issue is Apple’s need for additional DRAM to support more AI features, including a rebooted Siri announced last week. And the company has long used NAND storage upgrades to boost profits, charging $100 to $200 for extra increments that cost it just a fraction of that.
In the interview, Cook said Apple stands ready to use its cash reserves to boost memory supply. “We’re willing to use our balance sheet to help be a part of the solution,” he said but added that “obviously, more capacity is needed.”
Cook declined to offer specifics. It is unclear how Apple could match, let alone beat, the deal terms that AI hyperscalers are offering to lock up supply, and how much of a hit to the company's profits such a move would be . Those companies are signing three-to-five year agreements with huge cash prepayments that Apple is unlikely willing to match, given its long history of disciplined spending.
Cook said Apple wouldn’t use its cash and silicon expertise to build its own memory and storage factories. “We can’t do everything,” said Cook. “We know what we’re good at.”
Apple spends in the low tens of billions of dollars per year on memory and storage , according to people familiar with its costs, making it one of the largest customers in the world. Historically it has used its heft to wring the lowest prices out of suppliers, playing them off each other and leaving them little profit. As AI companies have stormed into the market, suddenly Apple has to wait in line.
Cook said during his time working in the electronics supply chain, from IBM to Compaq to Apple, he had never seen a commodity price swing like the one from the past six months. “This is a hundred-year flood,” said Cook. “I’ve never seen anything like it in any area in over 40 years.”
Luckily, every flood comes with a drain, and as usual it is made in China. A few weeks ago, we reported that "China Begins Flooding The Market With DRAM And NAND Memory Chips ", and followed up with a report yesterday that China's DRAM giant CXMT has gotten a final node for the largest mainland IPO since 2022 (as has YMTC, China’s leading NAND flash maker, #4 globally). In short, CHina is preparing to do to this commodity market what it has done to every other one in recent years: unleash massive price cuts to steal market share, and leave the incumbents in the trash heap (just look at Europe's imploding auto manufacturing sector).
Sure enough, we are now getting reports that none other than Google is evaluating procuring DRAM from Chinese vendors.
And once Google can do it, so will everyone else, at which point sit back and watch as the epic memory bubble crashes and burns.
Tyler Durden
Wed, 06/17/2026 - 20:52 Close
Thu, 18 Jun 2026 00:30:00 +0000 From Diablo Canyon Closure Fights To Record-Speed Renewals: The Nuclear Reversal
From Diablo Canyon Closure Fights To Record-Speed Renewals: The Nuclear Reversal
The Nuclear Regulatory Commission (NRC) clocked another subsequent license renewal (SLR) in under 12 months . Southern Nuclear’s appli
Read more.....
From Diablo Canyon Closure Fights To Record-Speed Renewals: The Nuclear Reversal
The Nuclear Regulatory Commission (NRC) clocked another subsequent license renewal (SLR) in under 12 months . Southern Nuclear’s application for the two-unit Edwin I. Hatch plant in Georgia cleared the finish line on June 11, extending both boiling water reactors from 60 to 80 years of operation .
Hatch-1 is now licensed through August 2054. Hatch-2 runs through June 2058. That is roughly 1.85 GWe of carbon-free baseload secured into the 2050s. The approval makes Hatch the second and third units to ride the NRC’s new streamlined SLR track that targets decisions in 12 months or less.
Duke Energy’s Robinson Unit 2 in South Carolina was the first, cleared in what staff called the fastest-ever review earlier this spring. St. Lucie Units 1 and 2, run by Florida Power & Light, received their extensions in late April, stretching Unit 1 to March 2056 and Unit 2 to April 2063.
The NRC has moved a noticeable cluster of applications in 2025 and 2026.
Oconee, Summer, Point Beach, Browns Ferry, and Dresden all picked up subsequent renewals last year. When the agency signed off on Diablo Canyon’s extension in April it issued its 100th renewed commercial reactor license .
For years the California plant served as the headline example of the “all plants must close” era. Activists and state policy pushed hard for a 2025 shutdown. After legislative rescue and full federal review, the units now hold approval into the mid-2040s.
The speed of the recent reviews stands out, as historical SLR proceedings averaged roughly two and a half years . But the NRC has now proven that the staff can reach timely calls while keeping strict safety oversight. Nine Mile Point Unit 1 and Cooper already sit in the accelerated pipeline with decisions expected in 2027, and more applications are queued for later this year and 2027.
The practical result is a growing share of the existing fleet now operating under, or heading toward, 80-year licenses. Research inside and outside the NRC is already examining materials performance and aging-management needs for operation beyond 80 years, with some policy signals pointing toward frameworks that could support century-long runs where the data justify it .
Tyler Durden
Wed, 06/17/2026 - 20:30 Close
Thu, 18 Jun 2026 00:05:00 +0000 How Deep Are The Newsoms In It?
How Deep Are The Newsoms In It?
How Deep Are The Newsoms In It?
Authored by Stephen Green via PJMedia.com,
This deep...
It seems impossible — or just too revolting — to keep up with the financial hanky-panky of California Gov. Gavin Newsom and First Partner (gag) Jennifer Siebel Newsom. But thanks to a couple of investigative reporters with stronger stomachs than I have, let's see if I can't put everything you need to know into one easily digestible column.
I love it when other people do my dirty work for me, so let's get started.
"Today, my wife & I joined Donald Trump’s hit list," Newsom practically boasted on Monday.
"He has directed his Department of Justice to investigate us. They have not found a crime — they are simply trying to find one."
Well, let's see what Fox Business anchor Liz MacDonald and my old friend and Red State colleague Jen Van Laar have to say about that.
MacDonald said Tuesday that the DOJ probe "is about California Democrats’ modern-day machine politics," which she described as a "feedback loop of Sacramento-corporate lobbyists-governor/wife nonprofit-behested nonprofit donations-lucrative state contracts-Sacramento."
Don't bother writing all this down — there won't be a quiz at the end of today's column. You're welcome.
"The modern Sacramento machine trades corporate compliance and nonprofit funding/donations for policy access and state business," MacDonald added, and then explained how that grift (allegedly!) worked for the Newsoms:
According to IRS Form 990 disclosures, her nonprofit frequently buys from Siebel Newsom’s for-profit film company—Girls Club Entertainment LLC—writer, producer and director services and the licensing and production rights for her documentaries. Then it sells the docs to the state and public schools.
IRS records show that her nonprofit has paid her Girls Club Entertainment LLC roughly $1.64 million for these production and licensing rights since 2012, which includes a steady annual contracting fee of $150,000 since 2018.
TL;DR: Siebel Newsom produced unwatchable propaganda videos for children, for which Democrat-dominated schools then paid her handsomely. Or as MacDonald summed it up, "Over the past decade, Siebel Newsom has collected over $3.7 million in combined personal salary and LLC payouts funded by the nonprofit."
Then there are behested payments, which MacDonald explained are "a unique mechanism in California politics where an elected official asks a corporation, labor union, or wealthy individual to donate money to a specific charity, nonprofit, or government program." Unlike campaign donations, there are no caps.
As governor, Newsom requested a record $226 million in behested payments in one year.
"Hundreds of thousands of dollars went to the California Partners Project," MacDonald wrote, "a nonprofit founded by his wife."
"Many of the biggest donors were corporate giants (like health insurers and utility companies) actively bidding for lucrative state contracts or fighting state regulations."
One hand washes the other with filthy lucre, if you'll allow me to mix metaphors.
Which brings us to Jen Van Laar, and her hip-deep-in-the-muck wade through the Newsoms' finances, going back years .
Way back in 2021, Jen asked, "Somebody Paid $3.7 Million Cash for CA Gov Newsom's Estate - But Who? " But couldn't come up with any satisfactory answers. That's because the Newsoms alternately claimed that "the Newsoms’ cash was used to purchase the home but was done through an LLC managed by his first cousin," or that "Newsoms obtained a loan… to purchase the home because the sale happened so quickly that they didn’t have time to obtain a mortgage."
Then, California's First Couple played similar LLC games, buying a second home for $9.1 million in ritzy Marin County. "Based on my examination of 15+ yrs of Newsom's financial disclosures, tax returns, and real estate transactions," Jenn explained in March, "they absolutely did not have $9.1M in cash."
Clearly, some body did.
The shenanigans were so egregious that — no matter what TDS nonsense Newsom's social media team posts on X — the DOJ investigation began under the Biden administration. As I quipped on Instapundit this week, maybe Newsom needs to take a break from social media and lawyer up.
Then there are the real-world effects, the fallout from personal corruption and statewide, one-party rule.
On Tuesday, Victor Davis Hanson wondered if California is "reaching critical mass," thanks to one-party rule creating a "neo-feudal society" that is "hardly democratic." The most egregious example was the fate of 2014's Proposition 1, a $7.12 billion water bond "designed to solve the state’s chronic water storage deficit."
Even though Prop 1 is an actual constitutional amendment, including "$2.7 billion specifically designated for new reservoirs," an alliance of bureaucracies, elected officials, and green activists still managed to block any new reservoir construction.
"Adding insult to injury," Hanson continued, "Governor Gavin Newsom instead used $250 million from the Proposition 1 fund to blow up four dams on the Klamath River."
Californians voted for more water infrastructure. Newsom's party blocked them, and Newsom himself had four dams destroyed that had "once provided storage, electrical generation, recreation, and flood control."
Tell me again about Muh Democracy™.
All of which is my long-winded way of concluding that, as corrupt as the Newsoms appear to be, they are merely a symptom of the progressive disease killing our once-greatest state.
Tyler Durden
Wed, 06/17/2026 - 20:05 Close
Wed, 17 Jun 2026 23:40:00 +0000 These Are The States Starting To Panic About AI Taking Over
These Are The States Starting To Panic About AI Taking Over
Residents of Washington state are more concerned about artificial intelligence replacing jobs than workers anywhere else in the United States, according to
Read more.....
These Are The States Starting To Panic About AI Taking Over
Residents of Washington state are more concerned about artificial intelligence replacing jobs than workers anywhere else in the United States, according to a new report released in June 2026. The study, conducted by IP address provider Floxy , comes amid growing concerns about workplace automation after more than 54,000 American jobs were reportedly lost to AI-related workforce reductions last year.
To determine where Americans are most worried about automation, researchers analyzed all 50 states using several indicators. The study measured AI adoption rates among working-age residents, assessed how vulnerable local industries are to automation, and tracked search activity for terms such as "will AI replace my job," "AI taking jobs," and "AI layoffs." Researchers also factored in cybercrime rates, identity theft statistics, and the strength of state-level data protection laws.
Each state received an AI Panic Index score ranging from 1 to 99, with higher scores indicating greater levels of concern about AI-driven job displacement.
With an AI Panic Score of 99, Washington tops the rankings. Approximately 4,087 AI-related job displacement searches are conducted per 100,000 residents, the highest rate in the country. Researchers suggest this concern may be linked to the state's close ties to the technology sector, as both Amazon and Microsoft are headquartered there and have recently announced significant workforce reductions tied to AI initiatives. At the same time, nearly one-third of Washington's workforce already uses AI tools, giving many employees firsthand exposure to the technology's growing capabilities.
Wyoming ranks second, with more than 20,000 residents regularly searching for information about protecting their jobs from AI. Although the state lacks the large technology sector found in Washington, around one-quarter of working adults already use AI tools such as ChatGPT, potentially increasing awareness of how automation could affect future employment opportunities.
Nevada places third on the list. The state combines relatively high AI adoption with one of the nation's highest cybercrime rates, creating heightened awareness of technology-related risks. Approximately one in three Nevada workers already use AI tools, and around 55,000 residents search monthly for information about whether AI could replace their jobs.
Massachusetts ranks fourth, with roughly 160,000 residents searching each month for information related to AI-driven job losses. The state's thriving technology and biotechnology industries are advancing rapidly alongside AI innovation, contributing to concerns about automation. With about one-third of adults already using AI tools regularly, many workers are becoming increasingly aware of the technology's potential impact on their roles.
Maryland ranks fifth and records the highest AI adoption rate in the country, with 36.3% of working-age residents already using AI in the workplace. Despite widespread adoption, concerns remain high, particularly given the state's large concentration of technology and knowledge-based jobs that could be vulnerable to automation in the years ahead.
Commenting on the findings, Floxy Chief Technology Officer Aimen Hallou said concerns about AI-related job displacement are well-founded: "These concerns are not overblown. AI was directly linked to tens of thousands of job cuts in the US last year, and that's only counting companies that openly admitted it. Amazon eliminated 14,000 corporate roles, citing AI; Microsoft cut 15,000, and both were explicit about why. The broader reality is that MIT researchers estimated AI can already perform the tasks of roughly 1 in 8 American workers. That number is only going to grow as the tools get cheaper and more capable."
Tyler Durden
Wed, 06/17/2026 - 19:40 Close
Wed, 17 Jun 2026 23:21:54 +0000 Fire Erupts At Massive Food Storage Warehouse In Southern California
Fire Erupts At Massive Food Storage Warehouse In Southern California
A large fire is ripping through a massive cold-storage facility in Boyle Heights, Southern California, a critical node in the region's cold-food supply cha
Read more.....
Fire Erupts At Massive Food Storage Warehouse In Southern California
A large fire is ripping through a massive cold-storage facility in Boyle Heights, Southern California, a critical node in the region's cold-food supply chain .
Local outlet KTLA reports the fire at Preferred Freezer Services, Big Bear #7, located at 1400 S. Los Palos St. in Los Angeles, was first reported around 2:35 p.m. local time.
"First-arriving units reported that fire was showing from the roof of the massive single-story building, which they estimated was about 1,000 feet by 500 feet," the local outlet stated.
More footage:
The cause of the fire is unknown at this time, but this is not just another warehouse blaze. The facility is part of a major Southern California cold-chain node.
Big Bear #7 was built as a large refrigerated warehouse near I-5 and downtown Los Angeles, with roughly 95,000 pallet positions, 32 dock doors, and capacity for about 160 million pounds of product. It was designed to consolidate frozen goods under one roof for the Los Angeles market.
In early April, a disgruntled employee at a one-million-square-foot Kimberly-Clark distribution center in Ontario, California, burned the warehouse down to the ground.
*Developing...
Tyler Durden
Wed, 06/17/2026 - 19:21 Close
Wed, 17 Jun 2026 23:15:00 +0000 US Embassy Warns Americans Against Renting Jet Skis In The Bahamas
US Embassy Warns Americans Against Renting Jet Skis In The Bahamas
US Embassy Warns Americans Against Renting Jet Skis In The Bahamas
Authored by Aldgra Fredly via The Epoch Times,
The U.S. Embassy in Nassau issued a security alert on June 15, urging American citizens to avoid renting jet skis in The Bahamas, citing security risks and a lack of safety regulation enforcement.
The warning comes amid reports of sexual assault cases involving jet ski operators and injuries linked to jet ski incidents in the country.
The alert advised U.S. citizens to be wary of solicitations from jet ski operators near the Cruise Port, Junkanoo Beach, and Arawak Cay, and the small islands east of Paradise Island.
It also reminds U.S. citizens about regulations that bar individuals under 18 from renting jet skis and prohibit jet ski operators from riding with renters in The Bahamas.
According to the embassy, at least six U.S. citizens have been hospitalized because of jet ski-related injuries since August 2024 , with three requiring emergency medical evacuation to the United States.
The embassy said at least two American women reported being sexually assaulted by jet ski operators this year. Another two female U.S. citizens reported sexual assaults last year, following three similar reports in 2024.
Some of the victims alleged that jet ski operators solicited them for rides from “the small islands just east of Paradise Island, downtown Nassau, and Paradise Island beaches,” including areas stretching from Junkanoo Beach to Saunders Beach and Cabbage Beach, according to the embassy.
“The victims said they were assaulted on isolated islands near Nassau,” it stated.
The embassy referenced an August 2025 incident, in which a U.S. citizen riding a jet ski was killed after being struck by an unlicensed operator who was driving an unregistered boat off Paradise Island.
Due to security risks arising from jet ski activities, U.S. government employees working in the Bahamas have been barred from renting or using jet skis on New Providence and Paradise islands, the embassy said.
The U.S. State Department has placed The Bahamas under a Level 2 travel advisory, meaning travelers are advised to “exercise increased caution” when traveling to the country due to violent crime like armed robberies, burglaries, and sexual assaults, as well as swimming-related risks.
The advisory states that most crimes have been reported in the area of Nassau and Freeport on New Providence and Grand Bahama islands. It advises those traveling to The Bahamas to remain vigilant at vacation rental properties, especially those without private security.
U.S. citizens are also advised not to answer the door for unexpected visitors at a hotel or residence, to keep doors and windows locked, and not to “physically resist any robbery attempt,” according to the advisory. It also warned Americans against bringing firearms or ammunition to The Bahamas.
Tyler Durden
Wed, 06/17/2026 - 19:15 Close