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Mon, 22 Jun 2026 10:30:00 +0000 Is The AI Spending Boom Creating A Depreciation Time Bomb?
Is The AI Spending Boom Creating A Depreciation Time Bomb?
Via City AM ,
Big Tech's AI spending has exploded, with Google, Microsoft, Amazon, and Meta collectively
Read more.....
Is The AI Spending Boom Creating A Depreciation Time Bomb?
Via City AM ,
Big Tech's AI spending has exploded, with Google, Microsoft, Amazon, and Meta collectively investing hundreds of billions of dollars in infrastructure.
Rapid technological change may shorten the economic life of AI servers and GPUs, increasing depreciation and replacement costs.
The long-term profitability of AI will depend not only on demand growth but also on whether companies can justify the enormous ongoing capital requirements.
The eye-watering capital expenditure plans of Big Tech has been one of the year’s biggest stories.
Google, Meta, Amazon, and Microsoft have all splurged to secure a podium spot in the race to build out the infrastructure that will run the artificial intelligence (AI) revolution.
Total capex by these four firms is expected to reach $750bn (£560bn) this year, around half the annual spending of the entire UK government. It is much higher than this high-tech quartet has budgeted for before. And it is expected to be even higher next year.
Shareholders are on board with the plan, up to a point.
Since 2023, the average share price across the four firms has doubled. But that hasn’t kept pace with the average quarterly capex budgets, which have roughly quadrupled over the same period.
These trillion-dollar businesses can’t be too far away from hitting a ceiling on growing their computing power.
Firstly, because of physical constraints – things like the supply of chips and the availability of power and water infrastructure – with the latter beginning to come under genuine constraint in some parts of the developed world.
Secondly, because of the sheer build cost, given that most AI projects are far from hitting profitability, and there isn’t enough cash flow elsewhere to fill the hole.
Alphabet, Google’s parent company, has raised $85bn on its own in debt over the past year. It plans to raise another $80bn in equity over the coming months – an unprecedented fundraise and not something it can keep doing forever.
Getting older faster Most of the focus has been on data centre build-out. But there is also another major factor, and one in danger of being overlooked: maintenance.
The cost of keeping AI running once the infrastructure is in place will be vital.
Data centre servers tend to last in the region of three to six years before they have to be replaced . Given the speed of innovation and intensity of compute needed for AI, you can expect that to skew towards the lower end of the range for the hyperscalers.
The kit inside AI data centres accounts for as much as two-thirds of the build cost. Add replacement costs onto the capex projections over the next few years, and things start to look scarily expensive.
Annual depreciation of property and equipment across the four firms has almost doubled over the past two years to $116bn. You can expect that to accelerate, given how much equipment has been added to their balance sheets over the past 18 months.
Last year, Amazon cut the expected useful life of its data centre assets from six years to five, a move which it said was “due to the increased pace of technology development, particularly in the area of artificial intelligence and machine learning.”
So far, Meta, Microsoft, and Alphabet have yet to follow suit, sticking with six years, but it seems like only a matter of time before they capitulate and cut this back, pushing up depreciation costs even further.
Something has got to give – sooner or later. Or am I missing something?
Tyler Durden Mon, 06/22/2026 - 06:30 Close Mon, 22 Jun 2026 09:03:24 +0000 Prime Minister Keir Starmer Resigns As UK Faces 7th Leader In A Decade
Prime Minister Keir Starmer Resigns As UK Faces 7th Leader In A Decade
The Keir Starmer experiment is officially over, as was growing increasingly clear over the weekend, especially with an interestingly-timed Trump Truth Social sta
Read more.....
Prime Minister Keir Starmer Resigns As UK Faces 7th Leader In A Decade
The Keir Starmer experiment is officially over, as was growing increasingly clear over the weekend, especially with an interestingly-timed Trump Truth Social statement. Just under two years after capturing the keys to Number 10, the British Prime Minister has thrown in the towel after succumbing to an internal party mutiny following days of intense, closed-door speculation regarding his political survival.
Stepping up to the lectern outside Downing Street on Monday morning, a visibly defeated Starmer delivered the inevitable verdict to the press. "I will resign as leader of the Labour Party," Starmer announced.
via BBC News The Prime Minister confirmed he has instructed Labour's National Executive Committee to draw up a swift succession timetable. Leadership nominations will officially open on July 9, with the entire process scheduled to wrap up before the summer recess.
British mediai says that the aggressive timeline ensures a new Prime Minister will be installed well before Parliament reconvenes in September.
Starmer's abrupt (but not entirely 'a surprise) exit comes after his center-left Labour Party made it clear they no longer believed he could deliver a future electoral victory. He practically admitted as much on the steps of Number 10.
"The question my party is asking now is whether I am best placed to lead us into the next general election," Starmer confessed. "I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace."
Defending his short and tumultuous tenure, Starmer attempted to frame his departure as an act of ultimate patriotism rather than a capitulation to party infighting.
"Every decision I’ve taken has been about putting the country I love first. That is why I will resign as leader of the Labour party," he said, adding: "I have spoken to his majesty the king this morning to inform him of my decision."
The Prime Minister's resignation was directly catalyzed by last week's by-election victory of Andy Burnham in Makerfield. Burnham, the fiercely popular former Greater Manchester Mayor, has long loomed as the "King in the North" and the ultimate threat to Starmer's sterile brand - according to many - of leadership. By securing a seat in the House of Commons, Burnham effectively checked Starmer into a corner.
With Burnham holding immense sway among rank-and-file MPs, the writing was on the wall. He now enters the upcoming leadership contest as the overwhelming frontrunner to be Britain's next Prime Minister.
Tyler Durden Mon, 06/22/2026 - 05:03 Close Mon, 22 Jun 2026 09:00:00 +0000 UK Government Plans To Force Social Media Giants To Boost BBC Content To 'Fight Disinformation'
UK Government Plans To Force Social Media Giants To Boost BBC Content To 'Fight Disinformation'
UK Government Plans To Force Social Media Giants To Boost BBC Content To 'Fight Disinformation'
Authored by Steve Watson via Modernity News ,
The UK government, under the apparently outgoing Prime Minister Keir Starmer, is advancing proposals that would require platforms like Facebook, YouTube and others to make BBC and other public service broadcaster content more prominent in users' feeds.
Officials frame the move as essential to combat 'disinformation,' citing Ofcom data that social media serves as the main news source for 51% of adults and 75% of 16- to 24-year-olds.
Yes, they want to turn social media into a literal Ministry of Truth.
The plans form part of wider efforts to further restrict private media firms and follow directly on the heels of the controversial under-16s social media ban that has already strained relations with tech companies.
Public reaction has been swift and scathing. Journalist Allison Pearson did not hold back on the BBC's own record:
Author and commentator Bernie drew a pointed historical parallel:
"In 1933, Goebbels argued that Germans needed protection from false information and dangerous ideas. In 2026, Starmer says that British people need protection from 'disinformation' and that social media platforms should prioritise BBC and state approved broadcaster content. The comparison is NOT that Britain is Nazi Germany. That is a lazy argument. The comparison is that Starmer's government is pushing for more control over what citizens read, watch and think and that they claim it's for our own good. You are not free if the State decided what news you are allowed to view. This is not the work of a government supporting democracy but one that Doesn't trust its citizens to keep them in power."
Reform UK supporter Chris Rose highlighted the core irony:
This UK initiative does not stand alone. Similar moves are advancing in lockstep across the continent as governments seek greater leverage over information flows.
Germany has pursued measures to force social media platforms to boost state-aligned content and sideline dissenting material under the banner of 'public value.'
The EU's Democracy Shield framework has drawn sharp criticism as a vehicle for mass censorship that effectively ends open discourse under the guise of protecting democracy.
In France, President Macron has pushed aggressive censorship proposals widely described as a Ministry of Truth power grab.
The pattern is unmistakable: governments leveraging regulatory power to privilege official or state-funded sources while algorithmically demoting alternatives.
The BBC prioritization scheme fits into a rapid succession of UK measures that collectively tighten state influence over digital space and public narrative.
The under-16s social media ban has been exposed as a monumental pretext for total digital surveillance infrastructure.
Telegram founder Pavel Durov warned that the policy represents the digital iceberg that could sink the free internet.
Separate reporting revealed the UK government maintains a dedicated 'thought police' unit aimed at controlling the mass migration narrative.
Further proposals would empower authorities to block 'false information' during crisis events, creating an official Ministry of Truth mechanism.
London Mayor Sadiq Khan has separately called for a government social media disinformation unit, adding another layer of official narrative enforcement.
Advocates insist elevating BBC content will help users encounter more 'reliable' information. The claim collapses under even cursory examination of the broadcaster's recent track record.
The BBC has repeatedly been accused of sinking to new lows on accuracy and impartiality.
Its former news director stated that trans bias and progressive orthodoxy drove her departure.
Additional controversies include a high-profile fake news editing scandal that prompted a $10 billion lawsuit from President Trump.
Further examples involve portrayals of Islamic child slavery in Afghanistan as somehow necessary, biased handling of Islamist issues in Britain, and presenter conduct that drew sharp rebukes from figures like John Cleese.
Public sentiment on X reflects deep skepticism that the state broadcaster represents a credible bulwark against disinformation.
For now, there is a simple solution.
Of course, the government could, via it's regulator Ofcom, simply mandate that these sources cannot be blocked and must be injected into people's feeds. They could also employ a more subtle manipulation of the algorithm to ensure it happens, regardless of any blocking.
Mandating algorithmic favoritism for any single outlet, especially one with the BBC's baggage, will not restore trust. Alternative platforms continue to grow, and Community Notes-style transparency tools already expose manipulation faster than official gatekeepers can suppress it.
Governments that distrust citizens to navigate information without state curation reveal more about their own insecurities than about any genuine disinformation crisis.
The free exchange of ideas, even uncomfortable ones, remains the only proven defense against real propaganda.
These latest European and British maneuvers represent the opposite impulse: centralized narrative control dressed up as public protection.
Citizens on both sides of the Atlantic have seen this playbook before and are increasingly unwilling to play along.
Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch . Follow us on X @ModernityNews .
Tyler Durden Mon, 06/22/2026 - 05:00 Close Mon, 22 Jun 2026 08:15:00 +0000 Israelis Are Livid Over Trump Ending War, Overwhelmingly Believe Iran Won: Poll
Israelis Are Livid Over Trump Ending War, Overwhelmingly Believe Iran Won: Poll
After roping President Trump into breaking a core campaign promise, watching the United States expend resources and risk American lives to attack Iran,
Read more.....
Israelis Are Livid Over Trump Ending War, Overwhelmingly Believe Iran Won: Poll
After roping President Trump into breaking a core campaign promise, watching the United States expend resources and risk American lives to attack Iran, and then watching Trump take steps to end the war via MOU - Israelis are livid because the US didn't commit to full-on decimation to celebrate America's 250th, and say Iran came out ahead .
According to a survey conducted by the Hebrew University of Jerusalem in partnership with the Agam Institute, 92.1% of Israelis believe Iran came out ahead in the conflict and the US-brokered deal that followed.
Even among voters loyal to Prime Minister Benjamin Netanyahu's conservative bloc, 93.1% said Iran won. 82.9% of respondents said the six-week military campaign against Iran left Israel's long-term security weaker, not stronger. Another 86% hold a negative view of both the way the fighting ended and the way Washington negotiated the subsequent deal without meaningful Israeli input. Nearly 88% of Israelis believe their country either fell short of its war aims entirely or achieved only partial success, despite the stated objectives being nothing less than dismantling Iran's nuclear program, neutering its missile arsenal, and toppling the regime in Tehran. Those were the goals. None of them, by the public's own assessment, were fully met.
Netanyahu has tried to project confidence in the signing of the Memorandum of Understanding anyway. At a press conference Monday , he insisted Iran will never possess nuclear weapons "as long as I am prime minister of Israel." As we noted on Tuesday , hardline Israeli politicians are livid over the Iran deal, and want Netanyahu out so they can do 'real regime change.'
(Abir Sultan/POOL/AFP via Getty Images) "With an agreement or without an agreement, Iran will not have nuclear weapons - not today and not tomorrow," he said, calling the mission his "life's mission." He has also maintained that the nuclear threat from Iran was an "immediate danger" that Israel removed "together with our American friends."
Either way, Israelis aren't buying it. 72.5% of respondents reject Netanyahu's claim that Israel secured major gains and eliminated an existential threat. Only 26.5% rate his handling of the war as "good" or "excellent," while 56.4% call it "failed" or "poor." His personal approval as prime minister has collapsed from 40.5% in early March to 29.4% in June, a fifteen-point swing in roughly three months.
And of course, there's Trump... with 69.1% of respondents rated his handling of the war and the resulting deal as "failed" or "poor," against just 10.8% who called it "good" or "excellent." Quite the change in sentiment from his 2024 election win...
A billboard showing U.S. President-elect Donald Trump is projected a day after the U.S. election in Tel Aviv, Israel, Nov. 6, 2024. (Oded Balilty/AP) Despite the widespread belief that the Iran campaign backfired, 48.2% of Israelis say their country should renew major military action against Hezbollah, including strikes in Beirut, even if that means clashing with Trump, who has made clear he wants the fighting in Lebanon to stop. Only 20.9% oppose that course, with the remaining 30.9% undecided. Israelis appear simultaneously convinced the last war was mishandled and eager for the next one.
Just 12.2% of respondents believe Israel achieved most of the stated goals against Hamas and Hezbollah following the October 7, 2023 attacks while 61.3% say Israel achieved none of them, and 26.5% say only some were met.
Across the Atlantic, the reception looks entirely different. A Quantus national poll of 1,000 likely US voters found 43% strongly approve and another 13% somewhat approve of the preliminary US-Iran Memorandum of Understanding . Combined disapproval sits at just 13%.
The Trump administration has been trying to respond to criticism of the deal, while Israeli cabinet members are talking mad shit about Trump - to the point where VP JD Vance came very close to asking if they've even said 'pwease' or 'thank you.'
Vance defended the MOU during Thursday's White House briefing, pushing back on what he said was misleading media coverage. “The simple fact is that the only way the Iranians get any of those resources - not a single penny, by the way, from the United States of America under any circumstances - but the only way that they would ever get any benefit of the bargain is if they comply fully, and change their behavior," Vance said of Iran, adding that Tehran's military and nuclear program "is still destroyed" if Iran refuses to change course. He also said that compliance would bring "a transformative relationship with the Middle East."
The Hebrew University-Agam Institute survey was conducted June 17–20, using a weighted sample of 3,644 Israelis aged 17 and over, designed to reflect the broader population, and has a maximum sampling error of just 2.2% at a 99% confidence level.
Maybe they'll just keep attacking Lebanon to scuttle the peace deal?
Tyler Durden Mon, 06/22/2026 - 04:15 Close Mon, 22 Jun 2026 07:30:00 +0000 Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands
Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands
Massive 2,000-Year-Old Luxurious Roman Bathhouse Uncovered In The Netherlands
Authored by Maria Mocerino via Interesting Engineering ,
The largest Roman bathhouse complex ever discovered in the Netherlands has surfaced , shedding new light on the wealth and importance of the ancient Roman city of Ulpia Noviomagus.
Roman bathhouse complex.Nijmegen Researchers from the archaeological firms RAAP and BAAC were conducting routine investigations in Nijmegen's Waalfront district, a site slated for new residential development. The excavation, which began in September of last year and will conclude in July, uncovered a public bathhouse, residential blocks, luxury townhouses, streets, and a tower dating back nearly 2,000 years.
"For years, the traces of the Roman past at this location were invisible, hidden deep underground . Now that we are realizing a new living environment here, the past has become visible," said Joost Mulder, BPD's Regional Director for the North-East & Central region, in a press release.
The bathhouse complex, or thermae, covered at least 4,900 square meters, making it the second-largest excavated Roman public bath complex in the Netherlands. Despite centuries of stone removal and reuse following the Roman period, parts of the structure remain exceptionally well-preserved.
Roman history unearthed
The size of the complex reflects the importance of Ulpia Noviomagus - the Roman city that once stood here - which is believed to have received its official status from Emperor Trajan around 100 AD. The discoveries suggest that this area of the city remained active well into the third century AD.
The bathhouse was richly decorated. Its interior walls were clad in marble. The floors were laid with black-and-white limestone tiles. Other rooms featured colorful, painted plaster. Decorative limestone and sandstone moldings adorned the building's facades, while columns made from the same materials enhanced its splendor.
Archaeologists also uncovered extensive drainage systems, flooring, and a hypocaust - a sophisticated Roman underfloor heating system supported by brick pillars. This technology circulated hot air beneath a raised floor, as per Archaeology News
Tens of thousands of artifacts recovered from the site point to the affluent lifestyle that residents enjoyed during the second and third centuries AD.
Among the discoveries are bronze statue fragments, signet rings, a necklace with a gold clasp, coins, and hundreds of bone hairpins used in elaborate Roman hairstyles. Notably, two of the hairpins featured remarkable carvings of cats - one seated and one standing.
However, a bronze bust depicting Bacchus, the Roman god of wine, stood out the most to archaeologists. They believe the object originally formed part of a pitcher or a piece of furniture before later being adapted for use on a weighing scale.
Archaeologists also recovered numerous coins from the reign of Emperor Postumus, who ruled between 260 and 269 AD, providing rare evidence of continued occupation during a relatively poorly documented period.
Integrating the past into the future
Developers and city officials plan to integrate the site's Roman heritage into the future neighborhood, added Archaeology News
"The link to the past will remain visible in the future as well. For instance, a number of residential buildings will feature a covered walking area with rows of columns. A colonnade just like in Roman times. And developers plan to call the green square in the heart of the area, inspired by the floor plan of the bathhouse complex, Thermenplein. A direct reference to the Roman meeting place that was here some 2,000 years ago," concludes the press release .
Roman bone hairpins found in Nijmegen. Credit: Municipality of Nijmegen / BAAC / RAAP Tyler Durden Mon, 06/22/2026 - 03:30 Close Mon, 22 Jun 2026 06:45:00 +0000 Fuel Sales Abruptly Halted For Crimean Population As Ukrainian Drones Wreak Havoc
Fuel Sales Abruptly Halted For Crimean Population As Ukrainian Drones Wreak Havoc
A wave of relentless Sunday drone attacks out of Ukraine on Crimea has resulted in a regional cut off to civilian access to fuel , in
Read more.....
Fuel Sales Abruptly Halted For Crimean Population As Ukrainian Drones Wreak Havoc
A wave of relentless Sunday drone attacks out of Ukraine on Crimea has resulted in a regional cut off to civilian access to fuel , in another sign that UAV attacks on Russian territory are having serious effect.
Four people were killed in the series of drone strikes on energy and transport infrastructure in the Russian-controlled peninsula, including attacks near Kerch, a key eastern Crimean port city which is a major energy logistics hub.
Reuters/BBC: "Cars queue at a petrol station on the peninsula in early June amid already restricted fuel sales." "As a result of the enemy's drone attack on the Kerch Peninsula, unfortunately, there are casualties among the civilian population," Crimean Governor Sergey Aksyonov announced.
"According to the latest information, four people were killed, 28 were wounded," he added.
And he also confirmed the fuel crisis for the whole region, saying, "Today, June 21, starting from 09:00 am, fuel sales at Crimean petrol stations have been suspended" - though he added that fuel would only be sold to state enterprises .
He made clear in a Telegram post that starting Sunday morning local time gas stations across the peninsula would stop selling fuel to individuals and businesses. All cash, card and fuel coupons were immediately halted.
Ukraine's President Zelensky boasted of the attacks, stating on social media that "Facilities on both sides of the Crimean Bridge were hit: maritime logistics used to transport oil in the Krasnodar region and an oil depot in temporarily occupied Kerch."
"In addition, military logistics facilities were successfully struck, along with four radar stations belonging to S-400 systems and two Pantsir systems," he wrote.
Crimean governor Aksyonov had also announced that "Further decisions regarding the current situation in the republic's fuel market will be announced at a later date."
BBC has separately reported that Kiev "hit a logistics facility for oil transportation in Russia's Krasnodar region, which lies adjacent to Crimea across the Kerch Strait. Local authorities said one person had been killed on a passenger ferry."
Saturday saw a long-range Ukrainian drone attack on an oil refinery in Russia's Tyumen region, which lies over 1,200 miles from the front lines of fighting - a significant reach and first of the war. It demonstrates that Russian anti-air defenses have struggled to intercept small, low-flying UAVs. Hundreds were sent against Crimea on Sunday.
Tyler Durden Mon, 06/22/2026 - 02:45 Close Mon, 22 Jun 2026 06:00:00 +0000 This Is The Funniest Thing Ever...
This Is The Funniest Thing Ever...
This Is The Funniest Thing Ever...
Authored by Steve Watson via Modernity News ,
Leftists in the EU who spent years blocking real border enforcement are now whining about a victory party after conservatives pushed through a motion to create powerful tools to remove illegal migrants.
The chamber could not stop laughing. A 'Renew Europe' MEP aligned with French President Emmanuel Macron stood up and demanded punishment for conservative MEPs who gathered on the European Parliament roof, drank heavily, and celebrated the passage of the bloc's toughest-ever deportation reforms.
The presiding officer brushed it off and The room roared with amusement.
This outburst came days after the European Parliament voted 418 to 218, with 30 abstentions, to approve the new Return Regulation.
Conservative and sovereignist MEPs from the EPP, ECR, Patriots for Europe, and Europe of Sovereign Nations groups supplied the decisive majority.
The measure updates the hopelessly outdated 2008 rules and gives member states real power to enforce removals.
In our earlier video we highlighted the immediate leftist reaction inside the chamber: chants of 'Shame on you' from leftists with chants of 'Send them back' in response from conservatives.
Now they are complaining about a rooftop toast. The contrast could not be clearer. One side delivers results for citizens who have endured years of unchecked arrivals, crime, and welfare strain. The other side throws procedural tantrums and pretends a private celebration violates parliamentary decorum.
The regulation makes deportation orders issued in one member state valid across the entire EU.
It extends maximum detention periods for those who refuse to leave, removes automatic suspensive effect on appeals in many cases, doubles entry bans to ten years (lifetime for security threats), and allows member states to conclude agreements with third countries for 'return hubs' where rejected migrants can be processed and removed without remaining inside EU territory.
Non-cooperating origin countries face visa restrictions, aid cuts, and trade measures - the same leverage the Trump administration successfully deployed.
Italian Prime Minister Giorgia Meloni welcomed the outcome as validation of the model she pioneered with Albania.
'We promised Italians we would change Europe, and we did it, with courage, patience, and determination,' she said.
Meloni added, 'This innovative solution has been resisted at every turn by the Italian and European left, but thanks to this government, it has now become a tool available to the whole of Europe.'
MEP Marieke Ehlers of the Patriots for Europe group stated 'This regulation puts the obligation exactly where it belongs: on the illegal migrant... The days of pampering are over. You have no right to stay, which means you have one simple obligation: pack your bags and leave our territory.'
She added that the text hands real power back to national capitals: 'We are taking back control... Almost all provisions give Member States the freedom to go further.'
French EPP negotiator François-Xavier Bellamy called it the end of decades of failure. 'After decades of failure and years of deadlock, Europe is ending its powerlessness in the face of illegal immigration. No one can claim any longer that Europe has no tools to act. The rules are now in place. The responsibility lies with governments to use them.'
French President Emmanuel Macron quickly distanced himself at the EU summit in Brussels. He declared that France would neither participate in nor fund third-country return hubs, calling the approach ineffective and contrary to French principles.
The same Macron who lectures others on European values now refuses to use the very instruments his own parliament helped create. The gap between rhetoric and reality on migration has never been wider.
Globalist pushback has already been initiated as the United Nations voiced concerns that the new return hubs could violate human rights standards.
Critics on the left and in international organisations frame any effective removal policy as inherently cruel, even as European cities continue to absorb the costs of failed integration and repeated criminal acts by rejected or illegal migrants.
For years globalist voices insisted that mass low-skilled migration was inevitable, economically necessary, and morally superior.
They dismantled internal borders, expanded asylum loopholes, and attacked any leader who tried to enforce existing law. Return rates stayed dismal. Criminal networks thrived. Public trust collapsed.
Conservative MEPs simply used their growing numbers to force an update that reflects what citizens have demanded for a decade.
The left's response - procedural complaints, accusations of misconduct over a private celebration, and renewed warnings from the UN - reveals the same refusal to accept democratic outcomes that has defined the migration debate from the start.
The laughter in the chamber was not just amusement at a thin-skinned complaint. It was recognition that the excuses have run out.
Europe now possesses the legal tools to remove those with no right to remain. Whether national governments use them remains to be seen, but the parliamentary majority has shifted decisively toward enforcement.
The same forces that once sneered at 'Send them back' as fringe bigotry are watching their own colleagues chant it on the floor. The Overton window did not shift incidentally. It moved because voters across the continent grew tired of policies that prioritised arrivals over safety and sovereignty.
Europe's conservative MEPs just proved that when they coordinate, they can deliver. The left can keep filing ethics complaints about rooftop drinks. The rest of the continent is focused on results.
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Tyler Durden Mon, 06/22/2026 - 02:00 Close Mon, 22 Jun 2026 03:20:00 +0000 Peter Thiel's Secret Society Leak Creates A Perfect Target List For Espionage, Influence Operations, And Blackmail
Peter Thiel's Secret Society Leak Creates A Perfect Target List For Espionage, Influence Operations, And Blackmail
Peter Thiel's Secret Society Leak Creates A Perfect Target List For Espionage, Influence Operations, And Blackmail
Authored by Pierluigi Paganini via Security Affairs ,
Dialog, a private invitation-only organization cofounded in 2006 by billionaire tech investor Peter Thiel, has spent two decades refusing to disclose its membership.
That position became harder to maintain last week when Swiss hacktivist maia arson crimew, known for exposing the US government's No Fly List , found an open directory
"A trove of internal records from a secret society for powerful figures in US politics, finance, and tech was left exposed online , WIRED has confirmed, naming participants in its events and revealing sensitive personal details they were assured would stay private," reported Wired . "The group, called Dialog, is a private, invitation-only organization cofounded in 2006 by the billionaire tech investor Peter Thiel. It convenes US officials, foreign government figures, and Silicon Valley executives at off-the-record annual retreats."
The 2026 list names 222 registrants, 87 of them first-time attendees. Others have histories stretching back more than a decade, a handful to the founding itself. None used a government email address, placing their attendance outside public records laws.
The roster is not a list of adjacent power. It's power in direct regulatory relationship with itself. Treasury Secretary Scott Bessent appears alongside Auren Hoffman, Dialog's chairman, who founded location-data broker SafeGraph and identity-resolution firm LiveRamp . Senator Ted Cruz, who chairs the committee overseeing the FTC and its data-privacy authority, is listed in the same directory. Palantir cofounder Joe Lonsdale, whose software runs case management for ICE and data fusion for the Pentagon, appears alongside Army Secretary Dan Driscoll and Representative Jim Himes, ranking member of the House Intelligence Committee, which oversees agencies Palantir contracts with.
Forbes confirmed additional members including investor Marc Andreessen and investor and former Facebook board member Jim Breyer.
General Alexus Grynkewich, NATO's supreme allied commander Europe and head of US European Command, is recorded as having attended Dialog gatherings since 2021.
The session agenda for the 2026 retreat includes "Navigating WWIII," "Battlefield Technologies," "Bring Back Nuclear," and "Build-a-Cult," the last moderated by the founder of the Christian networking site Pray.com. There's also "How's Your Sex Life?" which presumably has a different moderator.
"The website directory names sitting Trump administration officials, two US senators, six members of the Paypal Mafia, a former Middle East chief of intelligence, and a sitting ambassador to the United States, along with the founders and directors of many of the country's largest surveillance, data-broker, and advertising-data companies." Wired continues.
The leaked registration list adds names not in the public directory of 113: Randy Kroszner, former Federal Reserve governor now on the Bank of England's Financial Policy Committee; Jonathan Greenblatt, CEO of the Anti-Defamation League; Ryan Stowers, executive director of the Charles Koch Foundation; Roger Myerson, Nobel laureate economist; and a cluster of Google and Google DeepMind executives including Tom Lue, who leads global affairs for the frontier AI division.
The data breach is structurally embarrassing because it was entirely avoidable. The directory was served to any visitor who viewed the page's source code. A separate Dialog page at app.dialog.org presents a sign-in screen with no terms of service, no indication the application is restricted, and no invitation requirement. The records sat in Airtable, a commercial database, and included for each participant their membership status, every retreat attended, biography, home city, and a private access token functioning as a login credential.
Dialog also runs a matchmaking service . Its registration form asks whether participants are "looking for love" and offers to include single respondents in "future matchmaking." A separate site at dating.dialog.org hosts an app pitched as "meaningful connections for exceptional people." The form also collects each registrant's political leaning, which Dialog promised would never be shared.
"That data, and the matchmaking responses, were exposed in the leak." concludes Wired.
The data collected by Dialog could be valuable for criminals or intelligence agencies because it reveals personal vulnerabilities, relationship status, political views, and access to influential networks. Such information can support targeted phishing, social engineering, honey-trap operations, blackmail, or influence campaigns. The risk is amplified because participants are often members of the global elite, making them attractive intelligence targets. Many may be highly accomplished in their fields but still willing to share sensitive personal details in trusted environments, creating opportunities for manipulation and exploitation.
An internal guide for event moderators, also found in the exposed directory, instructs them to remind participants that everything is off the record, keep comments concise and "nonobvious," and model brief introductions to "avoid status signaling" in a room full of senators, dignitaries, and tycoons. The discipline imposed on members apparently didn't extend to basic website security.
Tyler Durden Sun, 06/21/2026 - 23:20 Close Mon, 22 Jun 2026 02:45:00 +0000 USAF Seeks 'Dronebuster' Anti-Jammer Gun To Protect Nuclear-Strike Base
USAF Seeks 'Dronebuster' Anti-Jammer Gun To Protect Nuclear-Strike Base
Whether it's data centers, critical infrastructure, stadiums, corporate headquarters, or even military bases, the U.S. remains largely unprepared to combat one-
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USAF Seeks 'Dronebuster' Anti-Jammer Gun To Protect Nuclear-Strike Base
Whether it's data centers, critical infrastructure, stadiums, corporate headquarters, or even military bases, the U.S. remains largely unprepared to combat one-way attack drones, including Category 1 through 3 drones, because a critical layer of cheap, scalable counter-UAS technology is missing.
The proliferation of low-cost drones across Eurasian war zones, from the Ukraine-Russia war to the US-Iran conflict in the Middle East, has permanently changed the course of modern warfare.
One-way attack drones and FPVs have exposed a missing layer of affordable air defense around high-value assets, including military bases, energy infrastructure, data centers, ports, stadiums, and corporate headquarters. This startling development has been a major wake-up call for Western leaders and suggests only one conclusion: a massive procurement wave for counter-UAS technology is likely just ahead.
Last week, Piper Sandler analyst Clarke Jeffries arrived at the same conclusion we have been highlighting :
We anticipate one of the biggest lessons of the 2020s will be how affordable drone technology fundamentally reshaped the modern combat environment and set the stage for a reevaluation of the procurement, organization and strategy of ~$3T in annual global military expenditures.
While drones have existed in the modern military apparatus for decades at this point, it was the Ukraine war (as one of the first near-peer conflicts in recent memory) which provided demonstrable evidence of how specifically lightweight and affordable systems could change the paradigm of combat.
The race to secure high-value assets against drones was seen last week when the U.S. Air Force moved to expand counter-drone defenses at one of America's most sensitive nuclear missile bases by issuing a solicitation to purchase a batch of handheld counter-drone electronic warfare guns.
According to Defense Blog , the 5th Contracting Squadron at Minot Air Force Base in North Dakota issued a June 18 solicitation to purchase DZYNE Technologies' Dronebuster Block 4 for the 91st Security Forces Group.
The Dronebuster is a rifle-shaped anti-drone jammer that an operator points at an unauthorized drone to disrupt it, rather than shooting it down with a projectile.
"Quotes from vendors are due no later than June 26, 2026, giving the defense industry less than two weeks to respond to a requirement the Air Force has formally described as an operational necessity," Defense Blog wrote in the report.
Why Minot Air Force Base seeks Dronebusters likely hinges on the need for security forces to protect B-52H Stratofortress bombers, nuclear missile infrastructure, and other high-value assets from small drones. Lessons from the US-Iran conflict show how low-cost drones can threaten +$100 million jets, or a multi-million-dollar radar or communications system.
We suspect the procurement cycle for drones and counter-UAS technology is only in its early stages. We detailed how readers can profit from "The Asymmetric Warfare Boom" in a note on Saturday, found here .
Related:
Dronebuster can be useful against standard FPVs, GPS-dependent drones, and drones with radio links. But against an emerging fiber-optic FPV drone with no RF command link and no GPS dependency, a handheld jammer is useless, suggesting the need for kinetic interceptors .
Tyler Durden Sun, 06/21/2026 - 22:45 Close Mon, 22 Jun 2026 02:10:00 +0000 Syria 'Unwilling, Unprepared' To Attack Lebanon & Deal With Hezbollah Despite US Pressure
Syria 'Unwilling, Unprepared' To Attack Lebanon & Deal With Hezbollah Despite US Pressure
Syria 'Unwilling, Unprepared' To Attack Lebanon & Deal With Hezbollah Despite US Pressure
Via The Cradle
Syrian President and former Al-Qaeda chief Ahmad al-Sharaa is "unprepared and unwilling" to launch a military offensive against Lebanon despite growing US pressure, Israel’s Broadcasting Corporation (KAN) reported days ago.
KAN cited an informed Syrian source who said that Sharaa is "concerned" that an attack by Damascus against Hezbollah will be seen across the region as "serving" Israel's interests .
This could negatively impact Damascus’s "legitimacy." For now, the self-appointed Syrian president is ruling out an attack against Lebanon and its resistance forces unless Israel decides to pull its forces out of Syria, the report states.
Israel has rejected withdrawal from both Syria and Lebanon. KAN also said that Turkey – a longtime backer of Sharaa since his days as Abu Muhammad al-Julani, founder and leader of Al-Qaeda’s Nusra Front – has urged Damascus against such an incursion.
Ankara is reportedly concerned that a Syrian assault on Lebanon would "embolden" Tel Aviv and "strengthen" its position.
"Trump proposed a framework in which the Syrian military would play a central role in a future effort to disarm Hezbollah," i24 reported on Wednesday.
Lebanese authorities reportedly felt uneasy about the idea during recent US-backed direct talks with Israeli officials, which have taken place despite Lebanon’s legal restrictions.
Additionally, Israeli authorities are reportedly concerned about the effectiveness of a Syrian attack on Hezbollah.
"Some of the arrangements currently under discussion could ultimately strengthen Hezbollah politically and militarily rather than diminish its influence,” i24 reported.
Sharaa said earlier this week that talk of a Syrian incursion into Lebanon was a “rumor.” “Syria's approach aims to end the war in Lebanon, not to expand it or get involved,” he stressed.
US President Donald Trump has repeatedly called on Syria to attack Hezbollah.
Iraqi resistance groups allied with Hezbollah have cautioned the Syrian government and its forces that they will act if Damascus initiates an attack on Lebanon.
Syria experienced a significant geopolitical change following the fall of former President Bashar al-Assad in December 2024, as Sharaa’s government aligned with Washington and engaged in discussions with Israel.
The US has largely lifted sanctions on Syria and called Damascus a “partner” in the global fight against ISIS — overlooking Sharaa’s past as an Al-Qaeda leader and earlier as deputy to ISIS founder Abu Bakr al-Baghdadi.
Hezbollah fought in Syria for years with the former government, helping recapture areas from extremist groups like Al-Qaeda’s Nusra Front, Ahrar al-Sham, and others considered by the west as the “Syrian opposition.”
The Nusra Front, led by Sharaa, was rebranded into Hayat Tahrir al-Sham (HTS) and ended up toppling Assad’s government in 2024. HTS and other extremist factions with links to ISIS currently dominate what has become the new Syrian Defense Ministry and military.
ISIS vs. Hezbollah sectarian war 2.0? ...
Tom Barrack, US special envoy to Syria and Iraq, threatened Lebanon last year with a Syrian incursion, and said Damascus would “actively assist us in confronting and dismantling … Hezbollah.”
He also said Syria viewed Lebanon as its “beach resort” and would carry out an assault against the country unless Hezbollah is disarmed.
Tyler Durden Sun, 06/21/2026 - 22:10 Close
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