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Fri, 03 Jul 2026 08:00:00 +0000 Europe's Climate-First Policies Fuel Resistance To Air Conditioning As More Than 1,300 Die In Heat Waves
Europe's Climate-First Policies Fuel Resistance To Air Conditioning As More Than 1,300 Die In Heat Waves
Europe's Climate-First Policies Fuel Resistance To Air Conditioning As More Than 1,300 Die In Heat Waves
Via American Greatness,
Europe continues to rely on alternatives to air conditioning even as deadly heat waves claim lives across the continent. Officials argue that expanding air conditioning is not a long-term solution.
France’s record-breaking heat last week has been linked to about 1,000 deaths, most involving elderly people.
According to World Health Organization Director-General Tedros Adhanom Ghebreyesus , Europe has recorded more than 1,300 excess heat-related deaths since June 21.
Despite experiencing fewer hot days than many other regions, it also records the highest number of heat-related deaths per capita.
A 2007 study found that air conditioning can reduce heat-related deaths by 75%. Even so, only about 20% of European homes have air conditioning, compared with roughly 90% of homes in the United States.
Rather than expanding air conditioning, many European officials have focused on alternative strategies, including public cooling stations and other measures designed to reduce heat in densely populated historic cities.
Ine Vandecasteele, an urban adaptation expert with the European Environment Agency, said widespread air conditioning is not the preferred solution.
“My honest response is I don’t think that should be the solution anywhere,” Vandecasteele told CBS News .
“It is an immediate response, which can support essentially those who may be vulnerable in hospitals, or in very short term can help. But in the longer term, what happens is, installing more air conditioning actually emits more heat into our environment, so it will actually increase the speed of warming.”
Higher energy costs have also discouraged broader adoption of air conditioning across much of Europe.
Italy has taken a different approach than many of its European neighbors.
According to the National Institute of Statistics, about 56% of Italian homes had air conditioning as of 2024.
European Union data also show Italy accounts for roughly one-third of the bloc’s electricity consumption for air conditioning.
Italian officials have also distributed wearable devices in Rome to monitor elderly residents, who face the greatest risk during periods of extreme heat.
Public attitudes toward air conditioning also differ from those in the United States. A recent survey in France found that one in six respondents said they would rather endure the heat than increase air conditioning use for environmental reasons.
Vandecasteele said she was not surprised by those findings. “We’re not doing this for us,” she said. “We’re doing this for the future generations.”
Tyler Durden
Fri, 07/03/2026 - 04:00 Close
Fri, 03 Jul 2026 03:25:00 +0000 Canada Was A Liberal Paradise... Until The Liberals Took Over
Canada Was A Liberal Paradise... Until The Liberals Took Over
Canada Was A Liberal Paradise... Until The Liberals Took Over
Authored by Mark Jeftovic via BombThrower.com,
There was a version of this country that worked.
This was a country that used to punch above its weight across all key metrics and in a large part, did so espousing classical liberal values.
Multiculturalism here was both uncontroversial and functional. People came from everywhere, integrated, and got on with building lives, businesses and contributing to that overall ethos Canadian culture.
Minority rights and gender equality stopped being fights and became defaults.
Ontario, the most populous province, ran one of the cleanest grids on the continent for half a century on the back of CANDU, a reactor we designed ourselves. Peaceful, homegrown, zero-carbon, clean energy, and nobody lost any sleep over it. In fact, most people probably weren’t even aware of that.
By every classical liberal measure that actually mattered, Canada was a success story that inspired the rest of the world.
I want to be precise about the word “liberal”. The small-l, “classic” version meant open markets, open minds, equal treatment, and a state clueful enough to stay out of the way. That Canada earned its stature honestly.
Then, in 2015, the big-L Liberals took over the small-l idea. They have spent a decade undertaking what looks like something between a “controlled demolition” and act of subversion.
Start with energy, our single largest missed opportunity
We can’t build pipelines. A country sitting on one of the largest energy endowments on earth cannot get its own product to its own coast or even to its own citizens. In 2017 the Trudeau government changed the rules and moved the goalposts on the Energy East pipeline which resulted in its cancellation.
Canada is sitting on the fourth largest oil reserves on earth, after other political temperate zones: Venezuela, Saudi Arabia and Iran, and we import between 500K – 600K barrels per day, nearly all of it, from the United States (“Elbows Up!”)
When Germany came knocking in 2022, Chancellor Scholz flew here and asked, practically begged, for us to sell them natural gas. Russia has just invaded Ukraine, and that put the Germans (which had wisely demolished their own nuclear power grid) into an awkward spot of having to buy energy from Putin.
Our answer? There has “never been a strong business case.” Maybe we could interest the Germans in some solar panels and windmills. They went and signed a fifteen-year deal with Qatar instead. Qatar. Not exactly a human-rights exemplar, especially during Pride Month.
We did eventually sign an LNG deal with Germany, off the West Coast, in May of this year. Four years late, for volumes that would have looked modest in 2022. Better than nothing. Slower than everything.
None of this was an accident of incompetence. It was ideology. A decade of WEF-flavoured talking points, degrowth dressed up as climate virtue, and a governing instinct that treated Canadian resource wealth as something to apologize for.
Ottawa’s own reports spelled out the anti-capitalist drift in black and white (Bombthrower covered one here ). When the environment file is handed to a former Greenpeace activist pinned to the far left of the spectrum, the pipeline math and the LNG math and the nuclear math all start to make a grim kind of sense.
Speaking of nuclear. The recent strategy was supposed to prove we still build things. “10 New Nuclear Reactors! ” Oh boy.
Read past the headline. The plan is:
two reactors under construction …by 2035, and
five more “planned” (or “under development”) by… (checks notes)… 2040.
Planned. Under development. Unserious.
Meanwhile…. over in China, they’re projecting roughly 200 gigawatts of total capacity, which means about 100 new reactors, finished and powered-on by 2040. They finish a reactor in about five years, and they a couple dozen under construction simultaneously. We are going to have started two.
We invented the CANDU. We are now a rounding error in the industry we helped create.
On Indigenous affairs, honesty requires two things at once
Most people can only manage one.
The first is that the historical record is genuinely damning. Broken treaties. Mishandled reserves. The residential schools. Generational neglect. Like slavery in the United States and elsewhere across the world, our treatment of First Nations casts a long shadow, and pretending otherwise isn’t helpful.
The second is that none of us alive today built that system. Nobody alive today bears any culpability for it. How could we?
The dichotomy between responsibility and duty was always so cogently captured in a lecture I remember in college, given by the late Jack Richardson: the great Canadian producer. I remember it well, but I’ll paraphrase:
“When you’re the producer on a record, your job is to deliver the master to the label – full stop.
Anything that gets in the way of that: the bass player dies of a heroin overdose, somebody burned the studio down, the lead singer’s wife left him and now he’s out on a ledge…
…all kinds of things can go wrong and none of them may actually your fault, but every single one of them is your problem .
You have to deliver the fucking record. That’s on you “ .
That is exactly where reconciliation should sit. Something we did not cause and still have to remedy… somehow.
But nothing that we do are actual remedies.
Instead of the hard, unglamorous business of clean water , functioning services and honoured agreements, we got theatre: Never-ending land acknowledgements read off laminated cards. Streets renamed, it seems deliberately, to incomprehensible text strings. Empty gestures that move no needle on any stated goal and instead breed the exact resentment they claim to be healing.
A growing share of the public has stopped seeing any of this as a lingering injustice to be addressed but now views it as a permanent guilt-management industry to tune out.
The elephant in the room: Immigration
Immigration was our masterpiece.
For decades we skimmed the cream of the planet. Skilled, educated, motivated people from every culture and country, selected through a points system that drilled down on simple KPI: can you come here, integrate, and build something? Successful applicants kept their heritage, celebrated it, added it to the mix, …and got to work.
We took people on humanitarian grounds too, generously so, but never more than we could economically and culturally absorb.
That gave us extraordinary dynamism. Entrepreneurs and investors who arrived with nothing and hit it out of the park. Chamath Palihapitiya came as a refugee from Sri Lanka and became one of the most influential venture investors of his generation.
Prem Watsa came from India and built Fairfax into a company that earned him the “Canadian Warren Buffett” tag honestly.
Legends, both. We could use as many of those as the world will send us.
Then we changed the filter.
The points system asked whether you could succeed here. The volume model, switched on after (guess when?) 2015, asked almost nothing. The targets stopped being calibrated to housing, services, and absorption capacity, and got calibrated to two different things instead: cheap imported labour for the mega-employers who lobbied for it, and a river of tuition to turn colleges into degree farms selling permanent residency with a diploma stapled to it.
The numbers got loud. Population grew faster in 2023 than in any year since the 1950s, almost entirely through immigration, into a housing market that was already broken. We’ve all seen the graph, I don’t need to repost it. By 2024 Ottawa was admitting north of 480,000 permanent residents a year, with temporary-resident inflows stacked on top that pushed the real figure far higher.
Then, even the Capital-L Liberals blinked. In late 2024 they slashed the targets and Justin Trudeau conceded, in his own words, that they “didn’t get the balance quite right.” Permanent-resident targets came down to 395,000 for 2025 and 380,000 for 2026, with brutal cuts to international students. Mark Carney, having replaced him, kept the lower numbers. Governments do not reverse that hard, that fast, on policies that are working.
Here is the part that gets people shouted down for raising, so let me be clear here:
This is a screening argument, and nothing else.
When you select immigrants, you screen. At least you’re supposed to.
Skills, language, education, and yes, background. When you stop selecting and simply move volume, you stop screening, and you get the entire Bell-curve of humanity – and quite possibly the wrong tail of it. That includes people from low-trust societies who carry their grievances and factional conflicts across the border with them, and it includes the criminal minority that any large, unvetted inflow will contain.
Ethnicity is beside the point here. The removed filter is the entire point.
The failure compounds when institutions respond to the predictable problems by looking away or dismissing credible criticisms as racism. When a serious crime involving a recent arrival gets softened in the media coverage, or when the judge sentencing a convicted violent criminal dials back the penalties in order to avoid deportation, ordinary people notice. They are not stupid.
People start rumbling about “two-tier” justice systems and “immigration discounts” for criminals, and they are correct.
True story: Racism in Canada had been all but eradicated.
This is reason I bothered writing any of this. Because it’s Canada Day. And I see too many reactions to what has happened in this country get boiled down to the lowest-IQ filter that exists: racism.
For what now seems like a bygone Golden Age, racism in this country was basically over.
Structural racism had been excised from the systems and institutions while garden variety cultural racism was confined to relatively few fringe dwellers. Every few families had one of those Archie Bunker type uncles and nobody really took them seriously.
The overwhelming majority of Canadians, born here and immigrants alike, simply did not organize their lives around skin colour. That was the win. That was paradise. We had it.
Some may say we always sorted ourselves, that Little Italy and Little India prove it (“Checkmate, multiculturists!”). They actually prove the opposite. Ethnic neighbourhoods are on-ramps: the first generation clusters for the food and the familiarity, the second scatters to the suburbs and marries out (including inter-marriage with other groups); and the whole thing runs on choice and empties itself by design. A bakery on a corner is culture. A hiring rule keyed to race is policy. The paradise ran on the former and its destruction happens on the latter.
Look at where a decade of dismantling this has left us.
For starters, racism is back from both sides, with a twist:
Structural racism came back , only this time wearing progressive branding. Job postings openly signal racial and other identity preferences. Criminal sentencing now weighs a defendant’s race, background and immigration status. A system that largely made race irrelevant has spent the last decade making it central again, then acts astonished at the reaction.
And because of that reaction cultural racism is now, also back with a vengeance. Resentment festers among perfectly normal people, including fully integrated immigrants from the earlier waves who did everything right and now watch the standard collapse behind them. That Archie-Bunker racism, the crude ambient kind we had mostly shamed out of public life, is back and being said out loud. Grassroots organizations that used to sit at the crank-fringe are growing past it. Social media runs on lowest-common-denominator rage bait, and a lot of it is now straight-up racist.
We spent forty years turning down the temperature on race in this country and it worked. Then, in the name of turning it down further, we cranked it al the way back up.
The title isn’t a joke, it’s the truth.
A classically liberal paradise is precisely what we built. Open, tolerant, prosperous, boringly functional, (“peace, order, good government”) the envy of people who had to flee places that were none of those things. The small-l achievement was real, and it was ours.
The big-L party inherited it, mistook the inheritance for a mandate to undertake a mass civilizational social engineering project, and spent a decade trading competence for platitudes, energy for symbolism, selection for volume, and hard-won racial peace for a fresh cycle of division marketed as inclusivity.
We had this one in the bag.
Now, not so much.
Happy Canada Day.
If you’re a net-producer, high agency Canadian interested in joining a like-minded group for the politically homeless in Canada, check out Ready.ca
Tyler Durden
Thu, 07/02/2026 - 23:25 Close
Fri, 03 Jul 2026 03:00:00 +0000 US Fentanyl Crisis Eases But Remains Dominant
US Fentanyl Crisis Eases But Remains Dominant
US Fentanyl Crisis Eases But Remains Dominant
According to the latest provisional data from the Centers for Disease Control and Prevention (CDC) , U.S. drug overdose deaths have come down from the peaks of the past years while remaining at high levels .
Recent figures suggest a notable decline to around 70,000 annual fatalities in 2025, following a peak of nearly 110,000 in 2023.
Still, synthetic opioids, primarily fentanyl, continue to be the main driver of overdose mortality, involved in more than half of the U.S. cases and underscoring the scale and persistence of the crisis.
As Statista's Katharina Buchholz shows in the chart below , the role of synthetic opioids has grown dramatically over the past decade ...
You will find more infographics at Statista
In early 2015, fentanyl and related substances were involved in just 12 percent of all drug overdose deaths. This share rose steadily in the following years, surpassing 50 percent by early 2020 and reaching around two-thirds of overdose deaths by 2021-2022 , as the Covid-19 pandemic exacerbated the situation.
At its peak in 2023, synthetic opioids accounted for roughly 70 percent of all overdose fatalities in the country, highlighting how decisively fentanyl has overtaken other drugs, in part because its extreme potency makes it cost-effective to mix into other drugs, thereby increasing the risk of overdoses.
The underlying trend reflects both a sharp increase in deaths linked to synthetic opioids and a relative stabilization, or even decline, of fatalities involving other substances.
Deaths involving fentanyl surged from fewer than 6,000 per month in early 2015 to more than 75,000 annually by 2023 (12-month rolling totals), while deaths linked to other drugs remained broadly flat or declined slightly over the same period.
However, the latest provisional CDC data point to a potential turning point.
Throughout 2024, overdose deaths involving synthetic opioids declined from around 72,700 in January to below 50,000 by December (rolling totals), bringing their share of total overdose deaths down to about 60 percent.
While this marks a notable improvement, fentanyl remains at the center of the U.S. overdose epidemic.
Public health experts attribute the recent decline to a combination of factors, including expanded access to naloxone (a medication used to reverse opioid overdoses), increased public awareness, intensified prevention efforts and shifts in drug supply .
Tyler Durden
Thu, 07/02/2026 - 23:00 Close
Fri, 03 Jul 2026 02:35:00 +0000 The 4 Percent Rule Is Showing Its Age: Smarter Withdrawal Strategies For 2026
The 4 Percent Rule Is Showing Its Age: Smarter Withdrawal Strategies For 2026
The 4 Percent Rule Is Showing Its Age: Smarter Withdrawal Strategies For 2026
Authored by Peter Daisyme via Due ,
The 4 percent rule has guided retirement planning for three decades. The idea is simple: withdraw 4 percent of your savings in year one, adjust that dollar amount for inflation each year after, and your money should last about 30 years . It is a useful starting point and a great mental shortcut. But the person who created it has spent recent years telling people it is far more flexible - and often more generous - than the rigid version most savers cling to.
Experts say the best retirement withdrawal strategy adjusts to changing conditions. oneinchpunch/shutterstock
Where The 4 Percent Rule Came From
Financial planner William Bengen introduced the rule in 1994 after crunching decades of historical market data. He wanted to find the highest withdrawal rate that would have survived even the worst market conditions of the 20th century, including the Great Depression and the brutal 1970s. The answer he landed on was about 4 percent, and the figure stuck so firmly that it became gospel.
The crucial detail that gets lost is what "survived the worst case" actually means. Bengen was not describing the typical retirement - he was describing the single most unfortunate starting year in history . For the vast majority of retirees, a portfolio drawn down at 4 percent not only lasted; it grew substantially.
What The 4 Percent Rule Gets Right - And Wrong
The rule's strength lies in its simplicity and conservatism. It forces you to think in terms of a sustainable withdrawal rate rather than a lump sum, and it builds in a margin of safety. The weakness is that the same conservatism can leave you underspending for decades and dying with a fortune you never enjoyed.
"The 4 percent rule - or the newer version of the 4.7 percent rule - is the worst-case scenario . It's really designed for only the most conservative person to use in retirement planning."
That is Bengen himself, quoted by Bankrate. With broader diversification across asset classes, he has argued that retirees may be able to start with withdrawal rates closer to 4.7 percent in some circumstances. In other words, the famous 4 percent figure is better viewed as a conservative baseline than a hard spending limit.
Why 2026 Calls For A Flexible Approach
A fixed percentage ignores what is actually happening around you. Markets rise and fall, and inflation eats into every dollar you pull out. Bengen has called inflation retirees' "greatest enemy" for exactly this reason - a few bad inflation years early in retirement can do lasting damage to a portfolio. Morningstar's ongoing research has landed on a more cautious starting figure in some years, underscoring that there is no single magic number that works in every environment.
The real risk hiding behind the 4 percent rule is called sequence-of-returns risk. If the market drops sharply in your first few years of retirement while you are also withdrawing, you sell assets at depressed prices, and your portfolio may never fully recover. The same average return delivered in a different order can produce wildly different outcomes. That is why when you retire and how you adjust matter as much as the percentage you choose.
A Real-World Look At Sequence Risk
To see why flexibility matters so much, picture two retirees who both start with $1 million and both average the same 7 percent return over time. The only difference is the order of those returns. The first retiree hits a string of strong market years right after retiring; the second runs into a steep downturn in years one and two. Even though their average returns are identical over the long run, the second retiree is withdrawing money from a shrinking portfolio at the worst possible moment, locking in losses they can never fully recover. Years later, the first retiree may have more money than they started with, while the second is watching their balance dwindle.
That is sequence-of-returns risk in plain terms, and it is the best argument against rigidly withdrawing a fixed inflation-adjusted amount no matter what. A retiree willing to trim spending modestly during the early bad years dramatically improves their odds of never running out.
Three Withdrawal Strategies Worth Considering
Instead of locking yourself into one rate, build in flexibility. These approaches all reduce the odds of running dry while letting you spend more when conditions allow:
Guardrails: Start near 5 percent, then trim spending in down years and give yourself a raise after strong ones.
The bucket approach: Keep one to two years of expenses in cash so you never sell investments during a downturn.
Dynamic spending: Tie withdrawals to portfolio performance rather than a rigid inflation adjustment, so your spending breathes with your balance.
Each acknowledges a simple truth: real retirees do not spend the exact same inflation-adjusted amount every year for 30 years. They flex, and a strategy that flexes with them is more realistic and usually more efficient.
How To Set Your Own Number
Your personal safe rate depends on several factors the rule of thumb ignores:
Your retirement age and realistic life expectancy.
How much of your spending is covered by guaranteed income, such as Social Security or a pension?
Your asset mix and your tolerance for spending cuts in a bad year.
Whether leaving a large inheritance is a goal or a non-issue.
A 70-year-old with a pension and modest spending can safely withdraw far more than 4 percent. A 55-year-old early retiree with no other income should probably start at a lower level. The number is personal, which is exactly why a one-size-fits-all rule eventually breaks down. The healthiest approach is an annual check-in where you review your balance, spending, and remaining time horizon, and then adjust. Early in retirement, when sequence risk is highest, these reviews matter most.
Don't Forget Taxes In Your Withdrawal Plan
Your withdrawal rate is only half the equation; the order in which you tap your accounts matters too. Pulling money tax-efficiently - generally from taxable accounts first, then tax-deferred accounts like a traditional 401(k), and finally Roth accounts - can stretch your savings meaningfully further than withdrawing haphazardly. Required minimum distributions, the taxation of Social Security, and Medicare premium thresholds all interact with how much you withdraw and from where. A retiree who coordinates withdrawals with taxes can often support a higher effective spending rate than one who ignores them, simply by keeping more money out of the government's hands. It is one more reason the rigid 4 percent rule is just a starting point rather than a complete plan.
The Bottom Line
Treat the 4 percent rule as a floor for planning, not a ceiling for spending. Run your own numbers, account for your guaranteed income and time horizon, stay flexible enough to adjust in volatile years, and revisit the plan annually. Done right, you avoid both nightmares: running out of money too soon and reaching the end of a long life having denied yourself a retirement you could easily have afforded. If you want a deeper framework, our retirement planning guide can help you pressure-test your assumptions before you stop working.
Tyler Durden
Thu, 07/02/2026 - 22:35 Close
Fri, 03 Jul 2026 02:16:23 +0000 FBI Mole Wore Wire Inside Newsom's Inner Circle: Lawyer
FBI Mole Wore Wire Inside Newsom's Inner Circle: Lawyer
A mole working for the Biden FBI was secretly recording Gavin Newsom's inner circle before the agency expanded its corruption probe into the Californi
Read more.....
FBI Mole Wore Wire Inside Newsom's Inner Circle: Lawyer
A mole working for the Biden FBI was secretly recording Gavin Newsom's inner circle before the agency expanded its corruption probe into the California governor and his wife, according to a bombshell report by the NY Post .
Gov. Gavin Newsom, Alexis Podesta
Democrat insider Alexis Podesta , a 45-year-old Sacramento consultant and Newsom appointee - no known relation to John Podesta - secretly taped conversations for the FBI as early as June 2024, while Joe Biden was still in the White House, according to McGregor Scott, the former US attorney now representing Dana Williamson. Williamson, 53, ran Newsom's office as chief of staff until late 2024 ; in May she pleaded guilty to conspiracy to commit bank and wire fraud, filing a false tax return, and lying to federal agents.
Federal prosecutors accused Williamson and others of orchestrating a scheme to siphon roughly $225,000 from a dormant campaign account which belonged to former HHS Secretary Xavier Becerra -disguising the payments as legitimate consulting fees while routing the money to benefit Becerra's former chief of staff, Sean McCluskie . According to Podesta's attorney, she was placed in charge of overseeing the account in question - but did not know the payments were improper.
Becerra is now the Democratic nominee to succeed Newsom as governor.
"Alexis wore a wire, and Dana did not, " said Williamson's lawyer and former US attorney for the Eastern District of California, McGregor Scott.
"A lot of people received letters essentially informing us that there were certain periods of time where the FBI was given access to follow phone calls," said assemblymember Josh Hoover (R-Folsom), who said he was among those who received a letter even though he had never spoken with either Podesta or Williamson.
"I don’t know how these investigations work, but it sounds like they cast a pretty broad net across the Capitol community to see what they could find ."
A separate source with knowledge of the matter said they knew of four Sacramento insiders who also received FBI notifications confirming they had been recorded.
One recipient told the source: “Dude, I got this f—ing letter. I never even met with Dana Williamson! ”
“Their curiosity was that they never even met with Dana Williamson, so they were wondering what this is all about,” the source said.
“And now you have the answer.” -NY Post
News of the wire comes just over two weeks after Newsom claimed that the Trump administration is punishing him because he may run for president in 2028.
"They're demanding records, they're abusing the grand jury process, digging through years and years of random documents. Donald Trump isn't just coming after me because of my mean tweets, he's coming after me because I'm considering running for president, because he hates that I've consistently called him out over and over again for his lies and deceit," Newsom said, before sending a mass email asking for political donations.
Sources close to the investigation, however, told The Post that the feds have spent the past year digging into Newsom , his staff, and his wife's taxes after whistleblowers reportedly dropped the dime that led to the probe. Williamson's attorney told the outlet that his client declined to cooperate because she didn't have anything on Newsom.
Podesta - a former staffer for the late Dianne Feinstein, is a longtime Democratic power broker who remains on California's State Compensation Insurance Fund board - to which Newsom appointed her in January 2020. She also held senior positions in Gov. Jerry Brown's administration , and served as secretary of the California Business, Consumer Services and Housing Agency. While she hasn't been charged with a crime, her attorney identified her as an uncharged co-conspirator in the Williamson indictment.
Of note, Podesta is still getting paid $60,797 by the state while cooperating with the FBI , while she sits on the Insurance Fund Board.
Campaign finance records show Becerra's committee making $10,000 monthly payments to 'Podesta Company' during 2023 and 2024. During this period, Williamson - while Newsom's CoS - shared confidential info with Podesta regarding a corporate client that has now been identified as Activision Blizzard.
Williamson’s plea agreement states that she was captured in a June 2024 wiretap strategizing with the co-conspirator about how to respond to a Public Records Act request involving the state’s litigation against the company. Williamson and Podesta exchanged text messages on the issue, according to court records. Podesta has not publicly commented on the matter. -NY Post
Hoover, the Republican assemblymember, told The Post : "All of this stuff just raises so many questions ... "What is going on in this administration? What types of conversations are being had? I think the entire case should be really concerning for the general public. It’s really raising a lot of mistrust."
"I think it underlines how problematic this current administration is. [Newsom] is someone who wants to run for president of the United States. It’s really disappointing to see that this is the level of our politics."
Tyler Durden
Thu, 07/02/2026 - 22:16 Close
Fri, 03 Jul 2026 01:45:00 +0000 US Navy Tests 3D-Printed Composite Patches To Speed Up F/A-18 Fighter Jet Repairs
US Navy Tests 3D-Printed Composite Patches To Speed Up F/A-18 Fighter Jet Repairs
US Navy Tests 3D-Printed Composite Patches To Speed Up F/A-18 Fighter Jet Repairs
Authored by Mrigakshi Dixit via Interesting Engineering ,
The Naval Air Warfare Center Aircraft Division (NAWCAD) and Fleet Readiness Center Southwest (FRCSW) have co-developed a 3D-printed composite repair method designed to reduce F/A-18 Super Hornet maintenance times by approximately 50 percent.
An F/A-18 Super Hornet pilot prepares for flight at Fleet Readiness Center Southwest in San Diego.NAWCAD Visual Information
When an F/A-18 fighter jet gets damaged at a remote base, fixing its advanced composite parts typically takes weeks. The Navy had to wait for specialized technicians to arrive or ship massive parts across the globe to repair depots in the US, keeping combat jets grounded.
Also, the Navy faces a drop in critical combat readiness as it struggles to keep up with fighter jet repairs.
The new method could solve this challenge. The engineers have designed a high-performance, 3D-printed composite patches that can be manufactured and applied directly onto grounded aircraft. Rather than waiting weeks for a shipping container, sailors at forward bases can soon hit print.
"Our goal is to put capability directly into the hands of the Fleet," said NAWCAD Commander Rear Adm. Todd Evans. "By simplifying a complex repair so it can be done forward, our engineers would get aircraft back in the fight faster - it's a smart solution that makes our squadrons more self-sufficient and directly improves operational readiness."
Print, Patch, Fly
The strategy's real advantage is that it leverages infrastructure the Navy already owns. As per the official release , the service has deployed industrial 3D printers to 22 maintenance sites around the world. The process strips away geographic vulnerability.
Sailors can complete repairs on-site instead of waiting for replacement parts to be shipped from repair depots in the United States by manufacturing the necessary patches where the aircraft are deployed.
Transitioning 3D printing from a novelty to a flight-ready combat repair requires extreme precision. To guarantee safety, the joint engineering team developed extensive application procedures and specialized quality checks. The patches are designed to withstand the extreme aerodynamic forces and thermal environments typical of supersonic fighter operations.
The technology has already passed strict laboratory tests.
VIDEO
Flight Testing Expected Soon
In the summer, it faces the ultimate test: a live flight demonstration on an operational Super Hornet . This is the U.S. Navy's primary carrier-based, twin-engine fighter jet. It handles everything from air-to-air combat to precision bombing runs.
Testing the 3D-printed patch on an operational jet, instead of a stripped-down laboratory model, will be a huge milestone. It will ultimately showcased whether or not the Navy is confident enough to let a pilot fly a frontline combat jet at high speeds with a 3D-printed part attached to it.
Reportedly, this deployment of the new patch method aligns with a major structural shift for the U.S. Marine Corps, which plans to deactivate all remaining Hornet squadrons by 2030. The service is phasing out the maintenance specialties associated with the aging fighter jet as it transitions entirely to a tactical fleet of fifth-generation F-35 Lightning II aircraft.
Nevertheless, if the method gets widely adopted, the patch method will fundamentally alter how naval aviation views sustainment. The Navy will be able to respond to the demands of modern combat with much greater speed and agility.
Tyler Durden
Thu, 07/02/2026 - 21:45 Close
Fri, 03 Jul 2026 01:20:00 +0000 America's $31 Trillion Economy By State
America's $31 Trillion Economy By State
As the United States approaches its 250th anniversary in 2026, its economy has grown to nearly $31 trillion, making it the world’s largest by a wide margin.
Using the latest estimates
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America's $31 Trillion Economy By State
As the United States approaches its 250th anniversary in 2026, its economy has grown to nearly $31 trillion, making it the world’s largest by a wide margin.
Using the latest estimates from the U.S. Bureau of Economic Analysis (BEA ), this visualization, via Visual Capitalist's Gabriel Cohen , ranks every state by nominal GDP in 2025, showing how each contributes to national output.
California: The Economic Engine of America
If California were an independent country, it would have the world’s fourth-largest economy, behind only the U.S., China, and Germany, and ahead of all other nations . It is currently the world’s largest subnational economy.
This data table lists U.S. states by their 2025 nominal GDP.
Rank
State
Nominal GDP in 2025 (billions $)
Share of U.S. GDP (%)
1
California
4,251
13.8
2
Texas
2,904
9.4
3
New York
2,468
8.0
4
Florida
1,835
6.0
5
Illinois
1,202
3.9
6
Pennsylvania
1,056
3.4
7
Ohio
967
3.1
8
Georgia
925
3.0
9
Washington
895
2.9
10
North Carolina
894
2.9
11
New Jersey
887
2.9
12
Massachusetts
820
2.7
13
Virginia
798
2.6
14
Michigan
730
2.4
15
Arizona
598
1.9
16
Tennessee
590
1.9
17
Colorado
584
1.9
18
Maryland
568
1.8
19
Indiana
545
1.8
20
Minnesota
531
1.7
21
Wisconsin
473
1.5
22
Missouri
468
1.5
23
South Carolina
379
1.2
24
Connecticut
376
1.2
25
Oregon
343
1.1
26
Alabama
341
1.1
27
Louisiana
340
1.1
28
Utah
316
1.0
29
Kentucky
307
1.0
30
Nevada
281
0.9
31
Iowa
277
0.9
32
Oklahoma
274
0.9
33
Kansas
241
0.8
34
Arkansas
198
0.6
35
Nebraska
198
0.6
36
District of Columbia
193
0.6
37
Mississippi
165
0.5
38
New Mexico
153
0.5
39
Idaho
136
0.4
40
New Hampshire
126
0.4
41
Hawaii
125
0.4
42
Delaware
117
0.4
43
West Virginia
109
0.4
44
Maine
103
0.3
45
Rhode Island
84
0.3
46
Montana
82
0.3
47
North Dakota
82
0.3
48
South Dakota
81
0.3
49
Alaska
75
0.2
50
Wyoming
53
0.2
51
Vermont
48
0.2
-
???? U.S.
30,762
100.0
California is a powerful, diversified economy in which different sectors dominate different areas. Los Angeles, for example, is a major media hub, while San Francisco and the Bay Area’s Silicon Valley remain a global center for many of the world’s most valuable tech firms.
The Central Valley, meanwhile, serves as one of the most productive agricultural areas in the world, with high output in dairy products, wine, nuts, fruits, and vegetables.
Beyond these well-known sectors, the Golden State is also a major player in energy, particularly solar power, as well as a key logistics hub owing to the massive ports of Long Beach and Los Angeles.
The Trillion-Dollar Club
Beyond California, five other states have a GDP exceeding a trillion dollars as of 2025: Texas ($2.9 trillion), New York ($2.5 trillion), Florida ($1.8 trillion), Illinois ($1.2 trillion), and Pennsylvania ($1.1 trillion).
Some of these state economies, like Illinois and New York, are highly concentrated in one major city, such as Chicago or New York City. Others, like Florida and Texas, are more diffuse. Four Texan cities, for example, number among the country’s 10 most populous as of 2025.
In line with its diversified economy, Texas is a major agricultural, defense, and energy player. The Lone Star State also has more Fortune 500 companies than any other state.
The Diversified U.S. Economy
While technology and entertainment drive California, Texas combines energy, manufacturing, agriculture, and defense.
Elsewhere, states specialize in industries ranging from finance and pharmaceuticals to tourism and farming. This geographic diversity helps make the U.S. economy more resilient, as slowdowns in one industry or region can be offset by strength in others.
The Great Plains, for example, are major producers of agricultural goods like soy and corn, as seen in the Iowan ($277 billion) and Nebraskan ($198 billion) economies. These states are particularly sensitive to droughts or trade disputes with major agricultural markets like China or Mexico.
Meanwhile, other states depend more on tourism, particularly in major cities. Nevada’s $281-billion economy, for example, is heavily concentrated in Las Vegas, making the state vulnerable to drops in tourist numbers .
Curious how each U.S. state ranks in terms of its business reputation? Check out Ranking the Best State Economies in 2024 on Voronoi, the new app from Visual Capitalist.
Tyler Durden
Thu, 07/02/2026 - 21:20 Close
Fri, 03 Jul 2026 01:15:00 +0000 'Something Has Gone Completely Wrong': Palantir's Alex Karp Goes Ballistic On OpenAI, Anthropic
'Something Has Gone Completely Wrong': Palantir's Alex Karp Goes Ballistic On OpenAI, Anthropic
On Wednesday, Palantir CEO Alex Karp delivered a blistering critique of frontier AI labs, accusing them of hav
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'Something Has Gone Completely Wrong': Palantir's Alex Karp Goes Ballistic On OpenAI, Anthropic
On Wednesday, Palantir CEO Alex Karp delivered a blistering critique of frontier AI labs, accusing them of having an "effing insane" business model that leaves enterprises paying escalating token costs for limited value while risking their proprietary data and intellectual property. He said that top AI labs such as Anthropic and OpenAI were misleading corporate partners - "overselling" the risks of AI while at the same time offering their most powerful models to companies and governments worldwide.
When CNBC host Becky Quick said "You sound pretty angry," Karp replied: "This is the voice of American business that is being channeled through me ," he told CNBC, joking later that he might "get kicked out of the room."
Karp's comments come amid a "revolt" against U.S. AI labs - driven by a combination of high costs, questionable ROI, and increasing regulatory headwinds which have driven some major U.S. companies to cheaper Chinese alternatives, creating multiple pressure points for OpenAI, Anthropic, and others.
"Something Has Gone Completely Wrong"
Karp slammed the token model used by Anthropic and OpenAI - saying "I'm not throwing shade at them, but something has gone completely wrong ," he said. "The basic view among enterprises in this country is I'm going to chillax and waste my time with tokens."
He argued that that labs were overselling risks while simultaneously pushing powerful models, and that companies were effectively paying a "wealth tax" that transferred their "alpha" (competitive advantage) to third parties. On national security, he warned: "Are we really going to outsource the battlefield of this country to the consensus view in Silicon Valley? That is effing insane ."
The remarks aligned with a 9-point "AI sovereignty" manifesto Palantir posted on X the day before, which criticized "tokenmaxxing" for incentivizing disposable scripts over robust systems and urged institutions to retain control over their data, model weights, and competitive edge.
Via X:
Our thoughts on the importance of AI sovereignty.
1. Your AI sovereignty dictates your institution’s future . Sovereignty is the precondition for choice. Relinquishing sovereignty transfers the future choices of your institution to others, who are likely to exploit it for their gain and your loss.
2. Data retention is your treasure. Transfer it at your own peril. Your ability to win is dictated by your ability to recognize and use your unique edges, and you keep winning by compounding the underlying data to generate new insights. Transferring that data hands over access to your pre-existing winning plays and yields the means of production for new ones.
3. Tokenmaxxing hijacks your value orientation and decreases your institutional fortitude and intelligence. The pursuit of high token usage incentivizes disposable scripts over robust software — with the addictive feeling of false progress. There is a reason why those selling tokens refuse to charge based on value.
4. Controlling your weights is controlling your fate . Weights are the distilled form of hard-won, accumulated institutional knowledge. If you let others control your weights, you are allowing them to migrate the alpha of your business to theirs.
5. There is no contradiction between sovereignty and alpha . The architecture that maximally preserves sovereignty is one that enables institutions to own their tribal knowledge, and to compound it as alpha.
6. Politicizing the technical issues involving sovereignty is what your adversary wants . Techno-politicization is the wellspring of false sovereignty. Techno-politicization drives decisions that seem to reduce dependency, but ultimately limit agency — especially on the battlefield in the West.
7. Real expertise is existential. Allowing politics or favoritism to determine your technical decisions rewards whoever is best at politics, not whoever is right. Listen to those closest to the problems, not those speaking most compellingly about them.
8. Learn from institutions that are winning or that have consistently delivered. Institutions facing existential threats do not have the luxury of making technical decisions based on political preferences.
9. Only listen to institutions, countries, and people who have a proven record of being right. A track record of correctness is the best and only signal for future correctness. Judging something as right or wrong based on who you like is exceedingly misguided.
"Controlling your weights is controlling your fate ," the manifesto stated. "If you let others control your weights, you are allowing them to migrate the alpha of your business to theirs."
Karp noted Palantir's expanded Nvidia partnership, which enables custom, sovereign AI deployments where customers retain control over compute, models, data, and weights - a direct counter to the metered frontier API model.
Watch CNBC's full interview with Palantir CEO Alex Karp
The Cost-Driven Shift To Chinese Models
As we've been noting, high token prices and mixed returns have prompted several U.S. companies to adopt or explore Chinese open-weight models :
Microsoft is considering a Microsoft-hosted, fine-tuned version of China's DeepSeek V4 (or another open-source model) as a lower-cost engine for its Copilot Cowork agentic tool, as it moves toward usage-based pricing.
Coinb ase CEO Brian Armstrong revealed the company cut internal AI spending by nearly 50% by defaulting engineers to Chinese open-weight models (Zhipu AI's GLM 5.2 and Moonshot AI's Kimi series) via an internal gateway, while maintaining high usage.
Cursor , a fast-growing AI coding startup, built its Composer 2 model on top of Moonshot AI's Kimi K2.5 (backed by Alibaba).
Data from OpenRouter shows Chinese models capturing a rapidly growing share of global token consumption - in some periods exceeding 60% among top models - as enterprises seek cost relief without fully sacrificing capability.
Karp had warned against underestimating China's progress; these examples illustrate the trend in real time.
Watch the entire interview below:
Tyler Durden
Thu, 07/02/2026 - 21:15 Close
Fri, 03 Jul 2026 00:55:00 +0000 Green Hypocrisy. The Case Of Baltimore's Bresco Waste-To-Energy Incinerator
Green Hypocrisy. The Case Of Baltimore's Bresco Waste-To-Energy Incinerator
Green Hypocrisy. The Case Of Baltimore's Bresco Waste-To-Energy Incinerator
Authored by Geoffrey Pohanka via RealClearEnergy ,
One definition of hypocrisy is pretending to have beliefs, values, or virtues that your actions do not match. In simple terms, it means saying one thing and doing another.
On June 4th, 2024, Maryland Governor Wes Moore signed executive order 01.01.2024.19, Implementing Maryland's Climate Pollution Reduction Plan. It stated Climate change poses an existential threat to the economy, natural resources, and public health for every Maryland resident. Maryland communities, particularly historically marginalized and overburdened communities, are disproportionately impacted by climate change. Maryland's Climate Solutions Now Act of 2022 set ambitious climate goals for the State, including reducing greenhouse gas emissions by at least 60% by 2031 and obtaining net-zero greenhouse gas emissions by 2045. The Climate Pollution Reduction Plan estimates that the implementation of new climate policies will generate up to $1.2 billion in public health benefits, $2.5 billion increase in personal income for Marylanders, and a net gain of 27,400 jobs between now and 2031.
Clearly an ambitious plan to take on climate change that some describe as the greatest single threat to human existence. But how serious are the green advocates in Annapolis in taking on one of the single largest CO2 emitters in the state, and one that can't possibly be missed while driving the interstate through Baltimore.
I am talking about that large smokestack along I-95 in downtown Baltimore. This is the Bresco waste incinerator, the waste-to-energy plant that burns up to 2,250 tons of Baltimore's municipal trash every day. The Bresco incinerator is the 10th largest incinerator in the country, the largest single polluter in the city, and accounts for 36% of its total air emissions . Bresco's one smokestack emits more NOx into Baltimore's air than ever other stationary industrial source in the city combined, some 75% of the total releases. It is also one of the largest NOx emitters in the state . The NOx emissions are so large that closing the facility would be equal to taking over half the cars off Baltimore's roads. Every year, the incinerator emits more sulfur dioxide into Baltimore's air than all the cars and trucks on the road eight times over. It is also the largest single source of greenhouse gas emissions, releasing 690,033 tons of CO2 into the atmosphere . Lead emissions have totaled over 10,000 pounds since the plant began operations in 1985. The plant emits between 60 and 120 pounds of airborne mercury annually. This is over 30 times more mercury emissions per unit of energy produced than regional coal plants .
Maryland is a member of RGGI, the regional greenhouse gas initiative, that caps and taxes CO2 emissions from fossil fuel power plants . According to a Baltimore Sun article , RGGI is equivalent to a 44% tax on fossil fuel power plant revenues and has, at least indirectly, caused most of the State's coal power plants to become uneconomic to operate and voluntarily close. Though the plant does generate usable steam for heating and cooling of 255 downtown businesses and electricity for up to 40,000 homes, the Bresco incinerator emits roughly double the amount of greenhouse gases per megawatt hour of energy produced than each of the largest coal power plants that had operated in Maryland .
One important goal of Maryland's Climate Pollution Reduction Plan is to protect historically marginalized and disproportionately impacted populations from pollution. Yet 114,000 people living just a few miles from the incinerator, are exposed to its pollution daily. In a clear case of environmental injustice, Baltimore's most economically and socially vulnerable neighborhoods are more affected by air pollution from sources like Bresco than Baltimore's wealthy neighborhoods. Bresco is located in South Baltimore among predominantly low-income and Black communities. The combination of emissions from Bresco and local vehicle traffic have proven to be a toxic mix . South Baltimore is unfortunately home to some of the most polluted air in Baltimore City. As a result of this, South Baltimore has the highest hospitalization rates for asthma. The communities closest to Bresco also suffer from lower life expectancies. This all means that the communities Bresco affects most directly are also the communities least able to manage the health damages that Bresco causes . A report determined that the Bresco incinerator was responsible for $55 million in health problems a year for people living near it .
Considering the many environmental challenges this plant presents, one would logically be shocked to learn that not only is this plant not on the chopping block, it has been heavily subsidized by the State of Maryland. Since 2011 Maryland has classified waste-to-energy incineration as a Tier 1 renewable energy source under the Renewable Portfolio Standard, which requires electric utility companies to source a portion of their energy from renewable energy sources. Between 2012 and 2022, over $100 million in subsidies have been granted to the two in-state trash incinerators to maintain operations, despite emissions of more greenhouse gas per unit of energy produced than other power sources and including coal power.
Very recently the Maryland General Assembly passed legislation ending the "misclassification" of trash incineration as renewable energy and will end subsidizing companies that burn trash, instead redirecting these funds toward investments more green sources of energy generation such as solar energy. This does not mean that Bresco's future will be in peril. When speaking with an important Maryland State Senator, I asked is it not better to put trash in a landfill instead of incinerating it? His response what that methane emissions from landfills was a greater menace to the environment the CO2 generated from burning waste. Perhaps he is unaware that modern landfills have the technology to capture methane before it enters the atmosphere and using it as a renewable resource . Studies have also shown that while methane has a powerful short-term impact on the climate, there is very little of it and it quickly dissipates once released into the atmosphere .
The latest word is that the 41 year old Bresco incinerator will likely continue to operate through the mid-2030s, according to a Maryland Department of Public works report.
Geoffrey Pohanka, Chairman, Pohanka Automotive Group, Capitol Heights MD
Tyler Durden
Thu, 07/02/2026 - 20:55 Close
Fri, 03 Jul 2026 00:30:00 +0000 These Countries Have The Highest Percentage Of Female Population
These Countries Have The Highest Percentage Of Female Population
Across most of the world, men and women are present in nearly equal numbers.
Yet in a handful of countries and territories, women make up well
Read more.....
These Countries Have The Highest Percentage Of Female Population
Across most of the world, men and women are present in nearly equal numbers.
Yet in a handful of countries and territories, women make up well over half the population, creating some of the world’s largest gender imbalances.
This visualization, created by Harris Saleem via Visual Capitalist , ranks the countries and territories with the highest female share of the population using the latest available World Bank data.
Longer female life expectancy is a major factor, but migration and age structure also shape these demographic patterns.
Where Women Make Up the Largest Share
Hong Kong leads the ranking, with women accounting for 54.9% of the population. Moldova, Macao, Latvia, and Armenia round out the top five, each with female population shares above 53%.
Many countries on the list are in Eastern Europe or are island territories, where aging, migration, and historical mortality patterns can all have an outsized effect on the population mix.
Although the differences may appear small, they are significant at the national level. A female share above 53% can represent hundreds of thousands, and in larger countries millions, more women than men.
Why Some Countries Skew Female
In many developed economies, the answer often comes down to longer life expectancy . Women tend to outlive men globally due to biological advantages and lower exposure to certain high-risk behaviors and occupations. As populations age, this longevity gap becomes more visible.
Healthcare improvements also play a role. While better medical care has increased life expectancy for both sexes, women generally retain a longevity advantage that becomes more pronounced in older populations.
Migration can also reshape gender balances. In some countries, working-age men leave for jobs abroad, increasing the share of women who remain. In others, male-dominated immigration has the opposite effect.
When the Pattern Reverses
Not every country skews female. Some Gulf states, including Qatar and the United Arab Emirates, have large male immigrant workforces, pushing their populations heavily male.
Meanwhile, parts of South Asia and China have historically seen male-skewed populations, partly reflecting son preference and imbalanced sex ratios at birth. National gender ratios are ultimately shaped by a combination of health, aging, migration, and social factors.
To compare the other side of the demographic divide, check out Countries With the Highest Percentage of Male Population .
Tyler Durden
Thu, 07/02/2026 - 20:30 Close