Carell tells graduates to be kind, avoid envy and to listen to those around them.

 

The post Steve Carell, Northwestern Class of 2025 Commencement appeared first on The Big Picture.

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures:

• The Global Fertility Crisis Is Worse Than You Probably Think: Everybody knows about the decline in birthrates. Fewer people understand why—or just how significantly it could transform society in the next few decades. (Derek Thompson)

• The Feed Is Fake: That “viral” song, movie, meme, influencer, and celebrity drama was probably the product of a stealth marketing campaign. Joe Lim estimates that 90 percent of what you see on the internet is advertising in disguise, and he should know. For three years, Lim ran a company called Floodify, which at its peak operated 65,000 dummy social-media accounts used to drum up attention on behalf of paying clients. On a typical day, he says, Floodify posted 50,000 videos across TikTok, Instagram, YouTube, and X, all of them designed to pass for the unscripted output of ordinary users. Vulture on the slow realization that the algorithmic feed isn’t curating reality so much as constructing one. A useful frame the next time a “viral moment” looks too clean. (Vulture) see also It Sure Seems Like These Instagram Ads Want You to Do Cocaine: Meta’s ad algorithm apparently decided some Wired writers needed paraphernalia tips. A funny-disturbing reminder of how thin the line is between targeted advertising and being nudged toward narcotics. From designer straws to magnet-sealed leather pouches, the platform is awash in products seemingly built for coke—despite Meta’s policies on drug paraphernalia. (Wired)

• Sycophantic AI Decreases Prosocial Intentions and Promotes Dependence: Both the general public and academic communities have raised concerns about sycophancy, the phenomenon of artificial intelligence (AI) excessively agreeing with or flattering users. Yet, beyond isolated media reports of severe consequences, like reinforcing delusions, little is known about the extent of sycophancy or how it affects people who use AI. Here we show the pervasiveness and harmful impacts of sycophancy when people seek advice from AI. Our findings highlight the necessity of explicitly addressing this incentive structure to mitigate the widespread risks of AI sycophancy. Models tuned to be relentlessly agreeable measurably reduce users’ willingness to take socially helpful action — and increase emotional reliance on the bot. (Arxiv)

• Your Mattress Got Worse on Purpose: The practice has a name. Mattress retailers call it the “name game,” and it exists to deliberately confuse buyers. The manufacturer makes one mattress, then ships it to ten different retailers with a different cover and a different model name on each. The world’s largest mattress maker now owns America’s largest mattress retailer. The FTC tried to stop them and lost. A funny, angry tour through the enshittification of the mattress business — private equity, foam compression, fake reviews, and the bed-in-a-box pivot to “premium.” You will recognize every move from other industries. (Worse On Purpose)

• Megatrends: AI vs the decade’s structural headwinds: Deutsche Bank research note arguing the productivity dividend from AI may not be large enough or arrive fast enough to offset demographic, fiscal, and geopolitical drags: “Our new AI-powered megatrend model shows that the world faces severe headwinds from several overlapping megatrends that, post-WWII, has only been seen during the 1970s oil crises and the onset of the 2008 financial crisis. In this piece, we explain our new megatrend model and how it uses AI analysis to quantify qualitative signals, filters our proprietary human-created data from dbDataInsights, and layers it all beside traditional data series. In all, we take almost 100 data points and track how each of the six global megatrends have waxed and waned quarterly over the last 70 years. In particular, we focus on the impact of these trends on GDP growth, equity markets and other key economic outcomes. We then use our model to estimate how the most important megatrends will develop over the rest of the decade.” Sober and worth your time. (Deutsche Bank Research Institute)

• Report: Chief Justice John Roberts’ Wife Made Over $10 Million As “Legal Consultant” The disclosure-versus-recusal gap at the Court keeps widening: Jane Roberts, the wife of Chief Justice John Roberts, made more than $10 million in commissions over an eight-year stretch where she matched top lawyers with elite law firms—including some that had cases before the Supreme Court—according to documents obtained by Insider, as concerns grow about justices possibly having unreported conflicts of interest. (Forbes)

• The Election Deniers Are Winning: The universe of people pressing debunked theories is so broad that it’s a feature of the system. On the now-mainstreamed 2020 denialism in elected office: Parikh is just one of many election deniers who were long relegated to the fringe and are now—with Trump back in office and still not over his electoral defeat six years ago—embedded inside the government. system. Whether ‘winning’ is the right word depends on the time horizon; the trend is unmistakable. The universe of people pressing debunked theories is so broad that it’s a feature of the system. (The Atlantic) see also MAGA Isn’t Broken. This Is What It Was Built to Do.: A pointed counter to the “victims of propaganda” framing — argues the movement is functioning exactly as designed. The internal left-of-center debate on how to think about MAGA voters keeps getting sharper. The most dangerous thing about MAGA is that they mean it. (The Rational League)

• A Different Kind of Fading President: Joe Biden became quieter, while Donald Trump grows even louder. (The Atlantic)

• Why Have Immigration Agents Detained This American Citizen Three Times? ProPublica on a US citizen detained three times by ICE while the agency keeps insisting it doesn’t do that. Read it for the specifics, not the slogans. Leonardo Garcia Venegas, a U.S. citizen whose prior detentions went viral, was recently detained for a third time — and shackled. “I just want to live in peace,” he says. (ProPublica)

• Rupert Murdoch’s High-Stakes Blitz Against the NFL: Murdoch is making a play for live sports rights to keep Fox relevant in the streaming era. Old media still has a few cards to play. Fox founder lobbies Trump to preserve air rights for broadcasters as powerful streamers encroach on their turf (Wall Street Journal)

Video of the day: The Philosophy of a Hitman: Why We’re Obsessed With Cinematic Assassins

Be sure to check out our Masters in Business interview this weekend with Vimal Kapur, CEO and Chairman of DJIA component Honeywell International. The firm is in the midst of dividing into three companies: Honeywell Automation, Honeywell Aerospace, and Solstice Advanced Materials. The firm has fully integrated AI as the intelligence layer in all of its automation processes and products.

 

China’s electricity generation increased by almost 500 terawatt-hours (TWh). Thjat’s a Germany-sized electricity grid last year

Source: Our World In Data

 

Sign up for our reads-only mailing list here.

~~~

To learn how these reads are assembled each day, please see this.

 

The post 10 Sunday Reads appeared first on The Big Picture.

What 'Compassion' Isn't

Authored by Laura Hollis via The Epoch Times (emphasis ours),

One of the most frustrating aspects of contemporary conversations about politics and public policy is how often the deleterious effects of terrible programs - local, state and federal - are brushed aside with distracting and even deceitful claims that the intentions behind the policies were "compassionate." This is an utterly wrongheaded analysis for many reasons. Laws, public policies, and government programs should be evaluated by their results, not by the state of mind of their advocates or sponsors.

Nathan Dumlao/Unsplash.com

The weaponization of compassion has launched a de facto competition of who can be thought to be the most "compassionate" or, at least, not thought to be uncompassionate. The result of this arms race has been chaos, destruction, and depravity.

It's easy to lose sight of just how often this pernicious dynamic takes place, so it's worthwhile to point out a few of the disastrous policies that were promoted, and in some cases continue to be promoted, as being "compassionate" and to call them out for the societally corrosive lies they are.

1. It wasn't "compassionate" to close our mental hospitals. The impulse was understandable; plenty of those facilities were substandard. But the results were catastrophic. Until fairly recently in this country's history, the "homeless" population consisted largely of small numbers of unattached males who drifted from place to place seeking work. But since the 1980s, the homeless population of the United States has exploded. Nearly three-quarters of a million people are homeless, and the number jumped 18 percent from 2023 to 2024. California has 187,000 of the country's homeless; more than 70,000 are in Los Angeles County alone.

2. It isn't "compassionate," nor is it respect for "individual autonomy" or "dignity," to leave the homeless to live as they do. Homeless encampments are hotbeds of filth, including human urine and feces, crime and diseases like leptospirosis, typhus, hepatitis, tuberculosis, and even plague. Across the country, cities are dealing with the economic impact of shuttered stores and declining downtowns attributable to the presence of ever-growing numbers of homeless.

3. It isn't "compassionate" to hand out needles or create places where addicts can use drugs. Leaving aside what should be an obvious argument that we shouldn't be encouraging, much less facilitating, the use of dangerous drugs, two-thirds of America's homeless have a diagnosed mental health illness. A third have a serious substance abuse problem. Approximately half suffer with both. Open-air drug use exacerbates those problems and creates others.

4. It isn't "compassionate," or "equitable," for that matter, to eliminate teaching math, giving grades, standardized tests, advanced academic programs for gifted students or graduation requirements, or to lower entrance qualifications for college and graduate school. It punishes high-achieving students and sends the message to lower-performing students that they aren't capable of meeting basic standards. That, then, undermines public confidence in the graduates of our high schools, colleges, and professional schools.

5. It wasn't "compassionate" to stop enforcing our immigration laws.

6. It isn't "compassionate" to allow violent criminals back on the streets.

7. It isn't "compassionate" to subject children and teenagers with gender dysphoria, and other emotional disorders, to permanent alteration of their bodies with medical and surgical interventions before they are old enough to understand the implications of those decisions.

None of these decisions have had beneficial impacts on their intended populations. Worse still, they are all deeply destructive to other individuals, groups, and society at large. Everyone affected should be able to protest the consequences of these failed policies without getting smeared with the false accusation that they "lack compassion."

Another reason to eliminate "compassion" as a basis for public policy, which we're seeing daily with painful clarity, is that these policies end up being vehicles for massive fraud. Anyone can set up a 501c3 nonprofit, claim to be working for a charitable purpose, and deceive donors into giving money that does little but line the CEOs' pockets. And when government grants are involved, there is little oversight, take Minnesota, for example, and more incentive for grift, bribery, and payback in the form of pouring money into the campaign coffers of politicians who hold the grants' pursestrings. What we end up with is a situation where neither the nonprofits nor the politicians have an incentive to solve the underlying problems, since they're getting rich from their continued existence.

Why has the United States become a nation where "compassion" trumps all other considerations?

Scholars like Helen Andrews argue that the emphasis on "compassion" over logic and methodical analysis is a function of what she calls "the great feminization." Women, Andrews claims, are hardwired to be maternal, and thus more likely to be persuaded by something that tugs at their empathy than by that which appeals to their reason.

I'm not so sure. First, women have functioning brains, and they are certainly intellectually capable of dispassionate analysis. Second, an awful lot of men seem to be just as hornswoggled by appeals to their "compassion" as are misguided women. And third, I don't understand how it is "feminine" or "maternal" to witness the collapse of huge sections of our cities into third-world slums; or to know that drugs are pouring into the country, children are being trafficked for sex, and young women are being raped and murdered because the borders are unenforced; or to see people stabbed to death on public transportation, pushed in front of trains or run down by crazed lunatics at Christmas parades because criminals aren't incarcerated; or to watch as multiple generations of disadvantaged minorities struggle because of schools with weak disciplinary and academic standards; or to want children and emotionally troubled teens to be chemically castrated or surgically sterilized before they're old enough to drive a car, drink a beer, or understand the concepts of sexual satisfaction, fathering, giving birth to or nursing a child, none of which they will experience if they are "transitioned."

None of this is "compassionate." It's objectively irrational. It's wantonly destructive. It is the deliberate disregard of monumental, systemic, catastrophic failure, the evidence of which is irrefutable. There's something seriously wrong with anyone who continues to defend these policies and programs, and I'm not persuaded that it's a matter of chromosomal biology or evolution.

I don't profess to have a complete solution. But a good start would be to demand meaningful metrics when we discuss proposed and existing policies and programs. What matters isn't "compassion"; it's consequences.

Tyler Durden Sat, 05/23/2026 - 16:20

AI Content Is Swamping The Internet: How It Impacts Critical Thinking

Authored by Autumn Spredemann via The Epoch Times (emphasis ours),

A never-ending flood of content generated by artificial intelligence is reshaping the internet and the way people engage with information faster than ever.

Illustration by The Epoch Times, Freepik

From news summaries to social media posts to academic research, the sheer volume of machine-assisted materials has been correlated with a spike in "cognitive offloading" - a phenomenon in which people outsource critical thinking and verification to automated systems.

A 2025 analysis of how AI tools affect cognitive offloading showed a "significant negative correlation" between frequent use of AI tools and the ability to think critically in people across age groups and educational backgrounds. The researchers at the SBS Swiss Business School found that younger age groups exhibited a higher amount of dependence on AI models and lower critical thinking scores.

What's more troubling is a Pangram/YouGov study in May that found only 55 percent of participants, all of whom were Gen Zers aged 18 to 28, were able to identify fake or misleading AI-generated material. That number is lower in older age groups, which means half or fewer of adults over the age of 28 were confident in their ability to spot AI content online.

"AI-generated posts and comments can distort public perception, especially when volume is mistaken for credibility," Javi Pérez, an editor of AI-assisted consumer education websites, told The Epoch Times.

"If a user sees dozens of similar posts about a product, trend, political claim, health issue, or financial topic, they may assume there is broad agreement."

'Confident Sameness'

Pérez said consumers need to beware as AI content increases the volume of what he called "confident sameness" online.

"Many articles and posts now repeat similar structures, similar advice, and similar phrasing. For casual readers, this can create the impression that a topic has more consensus or certainty than it really does, because they keep seeing the same ideas repeated across many sources," Pérez said.

"The risk is that people stop knowing which content has been checked. In fields like finance, health, law, education, or news, readers need to know whether claims were reviewed against primary sources, updated recently, and edited by someone accountable."

AI strategy consultant Armand Cucciniello III told The Epoch Times that AI-generated content is changing not only how we consume information, but also how quickly we process and trust it.

"We're moving from deliberate reading toward rapid skimming of polished summaries, commentary, short-form videos, and AI-assisted content designed for speed and engagement," he said.

As someone who has worked in the "U.S. national security landscape," Cucciniello said one of his biggest concerns is that AI systems "can unintentionally amplify large volumes of inaccurate or deliberately manipulated content simply through repetition and scale."

He also believes the high volume of AI-generated content is creating real pressure on public trust.

"When readers encounter nearly identical phrasing or interpretations across multiple sources, it's natural to question whether the information was independently reported or simply repackaged," he said.

Carl Stroud, a public relations expert and chief storyteller at the Smoking Gun Agency, has also witnessed AI content take a toll on the public.

"The fundamental audience need has not changed: People want to trust what they are reading," Stroud told The Epoch Times. "What has changed is how much harder that judgment has become.

"AI-generated content, aggregation, and low-quality slop have made the information environment noisier, flatter, and more confusing, so audiences are now trying to work out whether they are reading original reporting, rehashed content, or something that should never have been published in the first place."

Beyond social media and academia, few industries have been hit as hard with AI-generated misinformation as the news. Stroud, who has spent two decades within UK media circles, editing, and journalism, said he's seeing the AI content churn create fatigue among readers searching for accurate information.

"Fatigue is dangerous because when people feel overwhelmed, they either disengage or become easier to mislead," he said.

Losing Touch

Ashutosh Khulbe, founder of RawPickAI, tests AI tools for a living - about three to four new ones every week.

"What I notice most in my corner of the internet is that everything sounds the same now. Like, eerily the same," he told The Epoch Times. "I'd guess 70 to 80 [percent] of 'best AI tools' articles are AI-generated at this point.

"It creates this weird feedback loop where AI writes reviews based on what other AI already wrote, readers assume there's a consensus, and the actual experience of using these tools gets buried."

He said he tested one writing tool that had hundreds of positive reviews online yet was unusable at the free tier. "You couldn't even finish a paragraph before hitting the limit. But good luck finding that info in a Google search," he said.

Khulbe is especially bothered by the way information distortion is affecting the public.

"AI content skews relentlessly positive because it's trained on marketing pages and affiliate reviews. Nobody's training models on 'I tried this for two weeks, and it sucked.' So the negative signal just disappears from the internet," he said.

The effects of the AI content boom can now be seen in what some are calling "AI psychosis," or a disconnect from reality. While not a clinical diagnosis, the term has become a popular catch-all phrase to describe when AI reinforces an unusual, fixed, or even delusional perception of something in the real world.

People with mental health conditions could be predisposed to developing "AI psychosis," but it's also not limited to that population, according to Dr. Ragy Girgis, professor of clinical psychiatry at Columbia University and the New York State Psychiatric Institute.

"The phenomenon of AI psychosis is quantitatively new and could be very dangerous, but qualitatively it's very similar to what's been happening for decades now since the advent of the internet," Girgis said during an interview with the National Academy of Medicine in March.

This photo illustration shows a person holding two mobile phones displaying viral AI-generated videos of students and an elderly woman sharing views on the impeachment of Philippine Vice President Sara Duterte in Hong Kong on June 20, 2025. Days after the Philippine Senate declined to launch the impeachment trial, the two videos arguing for and against the move went viral. Yan Zhao/AFP via Getty Images Tyler Durden Sat, 05/23/2026 - 15:10

Nvidia CEO Urges Super Micro To "Enhance Compliance" Amid AI Chip-Smuggling Probe

In a rare public comment that Nvidia is growing more sensitive to downstream risk, CEO Jensen Huang was quoted by Bloomberg News as saying Super Micro Computer must strengthen internal compliance controls after Taiwanese authorities detained three people accused of smuggling banned AI chips to China.  

"Ultimately, Super Micro has to run its own company," Huang told reporters on Saturday in response to the chip smuggling scheme. "I hope that they will enhance and improve their regulation compliance and avoid that from happening in the future."

The U.S.-based server and data-center hardware company primarily builds high-performance servers, storage systems, networking gear, and complete AI/data-center racks for various customers, but most importantly for those working on edge computing and artificial intelligence workloads.

Huang said Nvidia is "rigorously" explaining the complex regulatory environment to all its partners to avert further downstream diversion risk.

Huang's comments stem from federal prosecutors charging the co-founder of Super Micro and two associates with participating in a scheme to divert roughly $2.5 billion in Nvidia AI accelerators to China.

How the Alleged Scheme Worked:

• The group used a company in Southeast Asia as a front buyer to place huge orders with a California-based U.S. manufacturer.
• Once the servers arrived in Southeast Asia, they were quickly repackaged and secretly shipped to customers in China through a network of brokers.

Related:

• $92 Million In Banned AI Chips Went From Super Micro To Little-Known Chinese Tech Company

Our view is that Huang's comments suggest he is trying to insulate Nvidia from a widening chip-smuggling investigation while preserving access to highly scrutinized international markets.

Tyler Durden Sat, 05/23/2026 - 13:25

When Unfairness Is Systemic, The Consequences Are Flight, Resistance, Revolt

Authored by Charles Hugh Smith via OfTwoMinds blog,

Now that we've drained the aquifers of a stable society, the replacement form of "wealth" is a delusional credit-asset bubble that generates the illusion of "wealth."

Let's weave together two threads that look different: systemic unfairness and civilizational psychosis. As I often note, social species that organize themselves into hierarchies (i.e. primates, including humans) have an innate sensitivity to fairness, as this trait is essential to maintaining social stability, and therefore it has been selected as advantageous.

This sensitivity applies both to individual instances of unfairness / injustice and to systemic unfairness / injustice. If there is no redress when an individual is treated unfairly or abused, the social order is weakened. This is why early civilizations instituted legal codes and systems of redress as they expanded into nations / empires that needed bureaucracies to organize, manage and enforce the rules and responsibilities of every class.

If the mechanisms of redress have become empty shams, then the unfairness is systemic: it isn't just some individuals who have been treated unfairly--everyone is being exploited and treated differently from what the system claims is the operative set of values and rules.

When there's an external source of wealth to be exploited, the leadership has the luxury of becoming extractive and oppressive, because they have a source of wealth that's external to their own populace. Consider the progression from a society of systemic fairness to a society of systemic unfairness.

Consider a fledgling nation that was a society with high levels of social trust and cohesion generated by a dutiful leadership, social mobility and a system in which social pressures meant members of each social class had to respect the same set of social rules.

This structure is the essential foundation of a functional society and economy, for if the resident populace is immiserated by an unfair system, they respond by either fleeing the system (i.e. opting out or leaving), resisting the unfairness / exploitation or revolting against the status quo.

If the nation transitions into an expansionist empire, the leadership can jettison fairness / redress because it can extract wealth via conquest or exploiting new resources. The bureaucracy is co-opted / bought off via the spoils of conquest and corruption, and as the imperium expands, it has sufficient wealth to buy off the citizenry class with bread and circuses or equivalent largesse.

In other words, systemic unfairness--what we now call a rigged casino--is accepted as long as the key social classes feel they're getting ahead. The Roman state / empire is an example of these dynamics, but there are many others.

As long as there's enough external wealth flowing in to enable people to feel they're still getting ahead, social decay is tolerated as "the cost of progress." In other words, who needs fairness if I have a seat in the rigged casino?

But this structure is inherently unstable, both economically and socially. External sources of wealth / resources are eventually depleted, and the largesse diminishes asymmetrically: the wealthiest few at the top continue amassing fortunes, the bureaucrats are squeezed, and the lower classes are now being taxed to cover the decline of external wealth extraction.

The systemic unfairness that was tolerated is no longer tolerable once the majority are no longer getting ahead. This presents the leadership class reaping the lion's share of the wealth extraction with a problem: how to persuade the masses that 1) they're still getting ahead, even as they visibly lose ground, and 2) how to mask the systemic unfairness, i.e. the rigged casino that stripmines the many to benefit the few.

The leadership's "solution" is civilizational psychosis: the founding mythology of the state--so inspirational and lofty--is heavily promoted, even as this mythology (super-abundance, democracy, etc.) no longer maps the real world.

This widening divide generates civilizational psychosis as the masses are corralled into a state of denial that temporarily eases their anxiety at the recognition they're no longer getting ahead and the ladders of upward mobility have all crumbled.

This state of inspirational delusion enables denial to take a superficially plausible inspirational form: Rome is eternal, so we don't have to do anything but await an automatic return to greatness, AI will make us all rich, technological Progress is inevitable and automatically solves all our problems, and so on.

We fervently believe these delusions because the alternative is too painful to bear. The system is rotten to the core, it's all artifice masquerading as authenticity, and not only are we no longer getting ahead, there are no pathways left to get ahead other than gambling, selling our blood or delusional aspirations to become one of the tiny handful of newly minted Tech Bro millionaires.

There is an emotional progression that parallels the progression from a stable society of dynamic equilibrium to civilizational psychosis: denial breaks down into anger, a volatile state with uncertain outcomes, which eventually transitions to bargaining (please let the stock market go back up so I can exit without losses) which leads to depression (it's all lost) which once processed can move to acceptance (oh well, time to start over).

Both denial and civilizational psychosis are inherently unstable as they're self-liquidating. So denial will blossom into anger whether we "like" it or not.

Now that we've drained the aquifers of a stable society, the replacement form of "wealth" is a catastrophically delusional credit-asset bubble that generates the illusion of "wealth." Since the top 10% managerial / entrepreneurial / professional class the leadership needs to run the empire own 90% of the bubbling assets, inflating a credit-asset bubble is a painless way of generating the illusion in this class that they're still getting ahead.

Until the bubble pops, of course, and all bubbles pop, even when we insist they're not bubbles.

Bubbles masquerading as "wealth" is a manifestation of civilizational psychosis, and so these asset bubbles are equally unstable and self-liquidating: they implode not as a result of some external influence but as an inevitable consequence of their internal structure / nature.

Once the system's transition to a rigged casino becomes undeniable, denial cracks wide open and is replaced by anger. The responses to systemic unfairness are flight, resistance and revolt: dropping out, laying flat, let it rot, opting out, booing toadies worshiping the new gods of AI and eventually, manifestations of revolt as political, economic and social redress are suppressed as needless by a delusional leadership class that has embraced civilizational psychosis.

The price of believing their own PR will be higher than anyone thought possible.

*  *  *

My book Investing In Revolution is available at a 10% discount ($18 for the paperback, $24 for the hardcover and $8.95 for the ebook edition). Introduction (free)

Become a $3/month patron of my work via patreon.com

Subscribe to my Substack for free

Tyler Durden Sat, 05/23/2026 - 12:50

Ukraine Regained Territory After Cutting Russia's Black Market Starlink Terminals

According to a newly declassified U.S. defense intelligence assessment first reported by Bloomberg, Moscow’s frontline command-and-control structures suffered a catastrophic blackout earlier this year due largely to coordinated crackdown that disabled thousands of black market Russian Starlink terminals.

The Pentagon document highlights just how deeply Russian forces had come to rely on Elon Musk's commercial satellite terminals to patch over their own spotty military communication systems. For months, Russian units bypassed international sanctions via shadow supply networks to source the hardware.

The Friday Bloomberg report claims that a "Ukrainian offensive against Russia earlier this year retook about 400 square kilometers after thousands of portable Starlink internet terminals operated by Russian forces were deactivated," citing analysis from the US Defense Intelligence Agency. 

The document, authored jointly by the DIA and US European Command, states that "Russian military capabilities in Ukraine were temporarily yet significantly degraded following Ukrainian officials’ efforts in February to deactivate thousands of Starlink terminals that were illicitly used by Russian forces to coordinate movements and unmanned aircraft strikes in areas where communications were unreliable or easily jammed."

Ukrainian forces then made their first territorial gains since 2023, after years of steady Russian gains, with Russia military comms now said to be "temporarily yet significantly degraded" due to the loss of the terminals.

The report further describes that Kiev forces working in tandem with SpaceX were able to deploy sweeping geographic restrictions that target-locked and deactivated unauthorized terminals operating inside the combat zone. This resulted in "instant" results.

What also didn't help is the Kremlin's own tightening restrictions on the use of Telegram by Russian forces, and so also the recent lack of this favored encrypted messaging platform among military units left frontline commanders totally isolated.

While US intelligence noted that Russia still maintains an overall structural advantage in raw combat functions, and of course manpower and firepower remains on Moscow's side, the incident demonstrates that communications are still a vital backbone to any modern warfare and command system.

SpaceX has long sought to officially bar Russian consumers from using Starlink, due to long-running sanctions, and to prevent military use against Ukraine.

Tyler Durden Sat, 05/23/2026 - 12:15

Highlights From 2nd Batch Of Declassified UFO Files Include A UAP Shootdown

The Pentagon’s second batch of declassified UFO files released on May 22 includes videos such as Unidentified Anomalous Phenomena (UAP) being shot down over the Great Lakes and audio of astronauts witnessing a series of unexplained phenomena.

​Dozens of documents were cleared for release on Friday, adding to the previous document dump on May 8, which revealed that Apollo 11 astronauts reported seeing a “sizable” object near the moon.

​The Epoch Times' Jacki Thrapp offers the following highlights from a partial review of the newly released files.

UAP Shot Down

The U.S. Air Force shot down a balloon-shaped UAP over Lake Huron, one of the Great Lakes located between the United States and Canada, on Feb. 12, 2023.

A U.S. Air Force Air National Guard F-16C shoots down a UAP over Lake Huron on Feb 12, 2023. Department of War

The video, which the War Department said was likely taken by an infrared sensor aboard a U.S. military platform, showed the UAP being struck and “fragmenting in a radial displacement pattern that suggests a high-energy event.”

Fragments fall from the UAP after it was shot. Department of War

The War Department did not reveal what fell from the object.

Officials did not share if any attempts were made to recover the fragments.

The Epoch Times reached out to the Department of War for additional information.

​UAP Formation Caught on Camera

The Department of War released a video showing “four areas of contrast” seemingly making a formation, according to a video apparently filmed by an infrared sensor aboard a U.S. military platform.

A screenshot from a video titled “UAP USO Formation.” USO stands for unidentified submerged object. Department of War

The eight-minute clip, which was edited and digitally altered, showed four objects moving in a parallel direction as they became “increasingly indistinct over time as the video quality degrades.”

Four unexplained objects moving in the same direction in a screenshot from video. Department of War

The War Department did not share the date or location of the unexplained formation.

International Sightings

An infrared sensor spotted a UAP, described as “four areas of contrast,” zoom past what appeared to be ships in the U.S. Central Command area of responsibility in Iran on August 2022.

In a separate incident that year, video captured “multiple spherical UAP” near a submarine in March that were going “in and out of water.”

A UAP, or possibly more than one, appears on the lower left side of a classified video taken in Iran on August 2022. The red circle was added by The Epoch Times to clarify what the Department of War considered to be an unknown anomaly. Department of War

Additional videos showed UAP in Syria in 2021, a “spherical UAP over [Afghanistan] in and out of clouds” in November 2020, and a video that starts in color and shows a bright UAP over the water off the East Coast of the United States. 

The latest document dump included a CIA intelligence information report from the Soviet Union that was recorded in the summer of 1973.

The decades-old report revealed that an unnamed source on the Sary Shagan Weapons Testing Range in Kazakhstan witnessed a “sharp, (bright) green circular object or mass in the sky.”

The source, who was identified as a former Soviet citizen, said the “green circle widened and within a brief period of time several green concentric circles formed around the mass.”

The witness did not hear any sounds associated with the phenomenon.

NASA Audio

The second batch of UFO-related files also included several audio clips released by NASA from its Mercury and Apollo missions.

An audio recording from Mercury-Atlas 7 on May 24, 1962, featured pilot Scott Carpenter describing reflective white particles that moved at “random” and appeared to “look exactly like snowflakes.”

He said the phenomena moved faster than his spacecraft.

Additional “little white objects” were also reported months later during the Mercury Atlas 8 mission.

On Oct. 3, 1962, pilot Walter M. “Wally” Schirra Jr. described “little white objects that tend to come from the capsule itself and drift off.”

Minutes later, Schirra reported a burst of light in his window.

“[I’m] getting a real burst of light in the window, and I really don’t know what it is,” Schirra said. 

In December 1972 during the Apollo 17 mission, the 11th and final crewed mission in the Apollo program, Cmdr. Gene Cernan, Lunar Module Pilot Harrison Schmitt, and Command Module Pilot Ronald Evans reported “very bright particles or fragments of something” that drifted by outside the spacecraft as they transited to the moon.

Tyler Durden Sat, 05/23/2026 - 11:40

The post Wall Street Says That a Company That Loses Billions is Worth Trillions appeared first on CEPR.

40,000 Evacuated In Southern California As Chemical Tank Threatens Leak Or Explosion

Authored by Kimberley Hayek via The Epoch Times,

Roughly 40,000 people in Garden Grove, a Los Angeles suburb, were evacuated on Friday after a chemical storage tank was determined to be at risk of failing and spilling thousands of gallons of toxic material or exploding.

The malfunctioning tank holds methyl methacrylate, a flammable and volatile chemical used in plastics manufacturing for aerospace applications, igniting widespread worries over potential toxic vapor release.

The situation broke out Thursday, when the tank at a manufacturing facility started displaying signs of instability. By Friday, an update increased fears of an explosion, Orange County Fire Authority interim Chief TJ McGovern said.

On Friday, employees saw that the tank was bulging, a sign it was still “actively in crisis,” as one official described it.

The manufacturer said a valve had been damaged, preventing a controlled release.

Firefighters were working to cool the tanks with a mechanical device operated from a safe distance, stabilizing the temperature and buying critical time, officials said.

“I know I keep talking about we were handed this situation where there’s only two things that can happen: it could crack and leak, or it could blow up. That’s not acceptable to us,” Craig Covey, division chief of the Orange County Fire Authority, said in a video posted on social media.

Covey added in a later video, “I have an entire team actively working locally, regionally, across the state, and across the country, to try to figure out how to fix this.”

He said he is working to “get all these brilliant minds together to put a plan together, so that we don’t let this blow up.”

In an earlier announcement, Covey said the tank could fail and spill up to 7,000 gallons of toxic chemicals or explode and compromise neighboring tanks.

Garden Grove, which is home to 172,000 residents, is located approximately 30 miles south of Los Angeles. The evacuation zone affected neighborhoods in and around the city, and extends to nearby areas including parts of Anaheim, Cypress, Stanton, Buena Park, and Westminster.

Officials established three evacuation shelters in Garden Grove, Anaheim, and Cypress. Schools and roads in the affected areas were closed.

Garden Grove Police Chief Amir El-Farra said approximately 15 percent of those under evacuation orders were refusing to leave.

Health officials said that released vapor could prompt severe respiratory issues with prolonged exposure. Air quality monitors, however, had not detected any vapor as of Friday, said Dr. Regina Chinsio-Kwong of the Orange County Health Care Agency.

“You are safe as long as you are out of the zone that was determined to be an evacuation zone,” Chinsio-Kwong said.

Methyl methacrylate has a sharp, fruity odor. Some residents miles away reported smelling it amid the unfolding events.

The chemical is used in aerospace plastics manufacturing.

Tyler Durden Sat, 05/23/2026 - 09:55

Trump Speaks With Qatar Emir As Pakistani-Led Iran Peace Push Intensifies

US-Iran de-escalation hopes drove crude oil and rates lower and put a bid in equities by the end of Friday's trading day, amid speculation that President Trump would stay at the White House over Memorial Day weekend instead of attending Donald Trump Jr. and Bettina Anderson’s wedding celebrations in the Bahamas.

"As Iran/oil/rates pressure eased on de-escalation hopes, leadership rotated toward small caps, equal weight, housing, transports, discretionary, and selective defensive growth, with short covering in high short-interest/profitless tech and consumer cyclicals reinforcing the catch-up trade," UBS analyst Torsten Sippel wrote in a note to clients late Friday.

Early Saturday morning, Bloomberg reports that President Trump held a phone call with Qatar's Emir Sheikh Tamim bin Hamad Al Thani, regarding Pakistani-led efforts to de-escalate Gulf tensions and preserve the fragile US-Iran ceasefire.

Iran's top negotiator and Parliament Speaker Mohammad Bagher Ghalibaf met Pakistani Army Chief Asim Munir in Tehran earlier today amid ongoing diplomatic efforts to bring the US and Iran to a peace deal, Reuters reported, citing Iranian state media.

Ghalibaf told Munir that Iran's Armed Forces "have rebuilt themselves during the cease-fire in such a way that if Trump foolishly restarts the war, they will definitely be more crushing and bitter for the U.S. than on the first day of the war."

The Iranian top negotiator also said, "We will not compromise on the rights of our nation and country."

There was a series of headlines from Sky News Arabia, citing sources, indicating that a major push for regional diplomacy was underway earlier today, with officials from Iraq, Oman, Jordan, and Qatar working to mediate with Tehran to avert another flare-up in the conflict.

Sky News Arabia sources said Pakistan’s mediator helped break the deadlock over the Iranian nuclear file, though several major issues remain unresolved, including the conflict in Lebanon, sanctions on bank accounts, the status of Iranian ports, and the presence of U.S. military forces in the Gulf area.

Iran is reportedly demanding the lifting of restrictions on its ports and a U.S. military withdrawal from the region before reopening the Strait of Hormuz and entering a new round of talks within 30 days.

There is also a reported internal conflict between Iran’s government and the Revolutionary Guard over Tehran’s negotiating demands.

Latest negotiation headlines (via sources) from Sky News Arabia:

• Iranian Foreign Ministry: Iraqi and the Omani Foreign Minister discuss in a phone call the ongoing diplomatic efforts to prevent escalation

• The foreign ministers of Jordan and Qatar affirm the necessity of concerted efforts to ensure the success of mediation efforts with Iran to reach a sustainable solution that addresses all the roots of the crisis and prevents the renewal of escalation.

• The Foreign Ministers of Jordan and Qatar affirm the continuation of coordination of efforts to support targeted mediation aimed at ending the escalation in the region and restoring security and stability.

• Sources to Sky News Arabia: The Pakistani mediator has succeeded in overcoming the deadlock on the Iranian nuclear file.

• Sources to Sky News Arabia: The issues that have not yet been resolved include stopping the war in Lebanon and lifting the ban on financial accounts.

• Sources to Sky News Arabia: Iran demands the lifting of the siege on Iranian ports and the withdrawal of military forces from the region to open the Strait of Hormuz and proceed to a round of negotiations within a 30-day timeframe.

• Sources to Sky News Arabia: There is a severe disagreement between the Iranian government and the Revolutionary Guard regarding Iran's demands for negotiations.

Additional overnight headlines (courtesy of Bloomberg):

Economic Impact

• The dollar ended the week nearly unchanged as risk assets got a boost from optimism around US-Iran peace talks [BN]
• Germany's business outlook improved for the first time since the Iran war began, with an expectations index rising to 83.8 in May [BN]
• UK retail sales fell 1.3% as consumers made fewer car journeys amid the global energy shock from the Iran war [BN]
• Qatar Airways will skip bonuses for almost 60,000 workers this year after the war forced cancellation of tens of thousands of flights [BN]

Military Readiness

• The US halted arms sales to Taiwan to ensure sufficient munitions for the Iran war, according to Acting Navy Secretary Hung Cao [BN]

• Director of National Intelligence Tulsi Gabbard resigned from her post, with her anti-war views having spurred tension with the White House [BN]

Trade Disruption

• Japan is set to receive its first Persian Gulf oil shipment to transit the Strait of Hormuz since the war began, with the Idemitsu Maru carrying 2 million barrels of Saudi crude [BN]

• Anglo American is redirecting Brazilian iron ore output to Asia as the near-closure of the Strait of Hormuz prevents shipments to Bahrain Steel [BN]

Polymarket Odds For US-Iran Peace Deal By ...

//--> //--> US x Iran permanent peace deal by May 26, 2026?
Yes 8% · No 93%
View full market & trade on Polymarket

Charting Brent Crude

Friday's US-Iran Wrap

• Iran Says 'No Deal' Will Materialize If US Insists On Enriched Uranium Handover

Hormuz Chokepoint:

• Iran Says 35 Ships Exited Strait Of Hormuz As Rubio Condemns Tolls

Chart of the Day (read UBS note): 

Fuel Shock Risks Begin Spilling Into Broader Economy

• Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress

Professional subscribers can review the latest institutional reads on Iran, Hormuz, energy markets, and more at our new Marketdesk.ai portal.

Tyler Durden Sat, 05/23/2026 - 09:20



 

This week, I speak with Vimal Kapur, Chairman and CEO of Honeywell. He began his career as an engineer with the company in India 37 years ago, and rose through the firm across multiple product groups and divisions.

Kapur explains the logic behind splitting the company into three separate entities. He is (obviously) bullish on the future of automation and AI. We also break down what he expects from AI in the future.

A list of his favorite books is here; A transcript of our conversation is available here tomorrow.

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here.

Be sure to check out our special Masters in Business next week, Remembering Jonathan Clements with Bill Bernstein and Jason Zweig. The two recall Clements’ impact on the investor community; they discuss his posthumous book, “Money and Me.”

 

 

 

Current Reading/Favorite Books

 

 

 

The post MiB: Vimal Kapur, Chairman and CEO of Honeywell appeared first on The Big Picture.

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads:

• Squillions: Where is all that cash, who’s using it, and for what? The answer proposed by Bullough is bizarre: nobody knows. ‘The number of banknotes is increasing, and the question of why the value of banknotes has increased so markedly remains unanswered.’ Central bankers don’t have much interest in the question. It is immensely valuable for any country to be able to produce currency that’s in worldwide demand: for the cost of printing a few bits of paper, a developed economy receives billions of dollars of value in pounds, dollars or euros. John Lanchester in the LRB on the new top-of-the-curve wealth — how big the numbers actually are, where the money goes, and what it does to politics and culture. Lanchester on money is always worth your evening. (London Review of Books)

• Sweeping the strait: the companies gearing up to clear the Gulf of mines: Defence companies and marine contractors are preparing to deploy uncrewed mine-clearing systems in and around the Strait of Hormuz, as efforts to reopen the vital shipping lane draw attention to a new generation of naval drones.  A new generation of uncrewed vessels could help restore traffic in vital shipping route. (FTAlphaville free)

• JPMorgan Fights Over Millions of Comic Books Locked in a Mississippi Warehouse: They’re among thousands of characters represented in roughly 8.2 million comics, graphic novels, figurines and table-top games held for months in a 600,000-square-foot warehouse formerly operated by a major comics distributor that went bankrupt in 2025. Publishers have formed alliances to free the items but at least one powerful adversary is impeding them: JPMorgan Chase & Co. (Bloomberg free)

• The Empire of Wuxi, China’s Biotech Giant: China wants to be the world’s biotech superpower. But to understand how it got here, it’s best to start with its crown jewel: the WuXi companies. The WuXi companies are the dominant biotech services consortium in China and have become the lightning rod of U.S. political wrath, most notably as an early target of the BIOSECURE Act. ChinaTalk on how WuXi AppTec quietly became the back-end of half the world’s drug pipeline, and what BIOSECURE would actually do to US pharma if it ever takes effect. (China Talk)

• How Digitization Has Created a Golden Age of Music, Movies, Books, and Television: Digitization is disrupting a number of copyright-protected media industries, including books, music, radio, television, and movies. Once information is transformed into digital form, it can be copied and distributed at near-zero marginal costs. This change has facilitated piracy in some industries, which in turn has made it difficult for commercial sellers to continue generating the same levels of revenue for bringing products to market in the traditional ways. A JEP review arguing that, all the bellyaching about streaming aside, we are objectively living through a creative supply boom. A useful corrective to the “everything is mid” narrative. (American Economic Association)

• Google Search as you know it is over: Instead of returning a simple list of links, Google Search will drop users into AI-powered interactive experiences at times. Google is also introducing tools that can dispatch “information agents” to gather information on a user’s behalf, along with tools that let users build personalized mini apps tailored to their needs. TechCrunch on the AI-overview pivot quietly cratering publisher referral traffic. The business model underneath most of the open web is being rewritten in real time. (TechCrunch)

• The Vaginal Wellness Boom Is Here: The NYT on the suddenly enormous “feminine wellness” product category and the gap between the marketing and the science. Mostly a story about how easy it is to medicalize a normal body and charge $40 for it. Gaps in women’s health knowledge and care have created a business opportunity. What could go wrong? (New York Times)

• 34 Hours in New York During Art Week: A timestamped trip to New York during May’s wild art week – 4 art fairs, 12 galleries and a few good meals. A breezy dispatch from Frieze and the surrounding fairs. Useful both as an Art Week field report and as a snapshot of where the buying mood is right now. (First Edition)

• Audrey Hepburn’s Sons Recount Her Remarkably Resilient Life: Sean Hepburn Ferrer and brother Luca Dotti have feuded in the past over multiple issues related to their mother—but the books they’ve written about her agree that Hepburn was one of a kind. Vanity Fair on two new Hepburn biographies and the wartime childhood that gets glossed over in the icon version of the story. Surprisingly moving. Sean Hepburn Ferrer and brother Luca Dotti have feuded in the past over multiple issues related to their mother—but the books they’ve written about her agree that Hepburn was one of a kind. (Vanity Fair)

• Stephen Colbert Ends ‘Late Show’ With Joyous Paul McCartney ‘Hello Goodbye’ Performance, as Ex-Beatle Turns Lights Out at Ed Sullivan Theater: Paul McCartney, a surprise guest on the final episode of “The Late Show With Stephen Colbert,” provided a poignant capper to the series by being given the ceremonial honor of turning out the lights in the Ed Sullivan Theater, a location with which he has plenty of history. The final number had McCartney and Colbert singing the Beatles‘ classic “Hello Goodbye,” accompanied by Elvis Costello, former band leader Jon Batiste and current band leader Louis Cato, eventually joined on stage by a parade of staffers dancing through and around the stag in a line, as the house band finally gave the ’60s tune a New Orleans-style coda. Variety on the Macca-closes-the-Ed-Sullivan-Theater stunt that ended the show. The Beatles bookend was on the nose, but earned. (Variety) see also Stephen Colbert’s Last Show: Laughing Well Is the Best Revenge: The “Late Show” cancellation was a disappointment. But a surreally lovely final episode turned it into a cancellebration. The NYT’s formal review of the finale. The show held its tone to the end, which in 2026 broadcast comedy is itself a small victory. (New York Times) see also The Goodbye Stephen Colbert Wanted to Say: The Atlantic on Colbert’s finale — the segments he picked, the guests he chose, and what the whole valedictory says about what late night was supposed to be. A measured send-off that lands. The late-night host ended his talk show the way he started it—with empathy, and an eye for entertainment. (The Atlantic)

Video of the day: How One of the Universe’s Biggest Secrets Was Discovered

Be sure to check out our Masters in Business interview this weekend with Vimal Kapur, CEO and Chairman of DJIA component Honeywell International. The firm is in the midst of dividing into three companies: Honeywell Automation, Honeywell Aerospace, and Solstice Advanced Materials. The firm has fully integrated AI as the intelligence layer in all of its automation processes and products.

 

Investors see a low bar for Fed hikes

Source: BofA Global Research

 

Sign up for our reads-only mailing list here.

~~~

To learn how these reads are assembled each day, please see this.

 

The post 10 Weekend Reads appeared first on The Big Picture.

Escobar: The Russia-China Spaceship Rushes Towards Planet Multipolar

Authored by Pepe Escobar,

The New Silk Roads/BRI and its derivations such as the Northern Sea Route/Arctic Silk Road remain alive and kicking

SHANGHAI – This is it.

The Russia-China strategic partnership, the leaders in the process of Eurasia integration, the leaders of multipolar bodies BRICS and the SCO, have formally endorsed and boosted the drive towards multipolarity and a new system of international relations via a strategic joint declaration signed, sealed and delivered during President Putin’s visit to China this Wednesday.

This is one for the History books – in several more ways than one. I was privileged to follow the proceedings in Beijing during the whole day at the Aurora College, a top Shanghai private school and university, among a fabulous congregation of teachers and students.

So we had plenty of time to discuss the implications of how the Top Two Eurasia powers – and global powers – are establishing the lineaments of a new geopolitical future for most of mankind. The exceptions will be exceptionalist recalcitrants and vassals addicted to commit serial political suicide.

We all remember President Xi’s visit to Russia in 2023, when leaving the Kremlin, side by side with Putin, he voiced what he was already polishing for some time, in a very concise way: “Right now there are changes we have not seen in 100 years.” And then Xi and Putin agreed that now, “we are the ones driving these changes together”.

The practical result is the sharply focused Beijing joint statement, penned by unmistakable “civilizations with ancient history.”

Let’s go through some of the highlights.

The declaration minces no words and no concepts when it comes to offering a serious alternative to the current – dwindling – unilateral historic moment.

Polycentrism: “The attempts of a number of states to single-handedly manage global affairs, impose their interests on the entire world, and limit the sovereign development of other countries in the spirit of the colonial era have failed.” Russia-China will focus on establishing a “long-term state of polycentrism.”

The ”law of the jungle”: “Basic universally recognized norms of international law and international relations are regularly violated (…) there is a danger of fragmentation within the international community and a return to the ‘law of the jungle’.”

A new security architecture: “It is necessary to pay due attention to the rational concerns of all countries in the field of security, to focus on cooperation on security issues, to reject bloc confrontation and zero-sum game strategies, to oppose the expansion of military alliances, hybrid wars, and proxy wars, and to promote the creation of an updated, balanced, effective, and sustainable global and regional security architecture (…) It is unacceptable to force sovereign states to abandon their neutrality.”

This is exactly what Moscow proposed to Washington and NATO in December 2021: indivisibility of security. The non-response response precipitated the SMO in Ukraine two months later, as it became obvious to Moscow that NATO’s plan was a blitzkrieg in Donbass.

Hegemony: “Hegemony in the world is unacceptable and should be prohibited. No state or group of states should control international affairs, determine the fate of other countries, or monopolize opportunities for development.”

Global governance: that’s President Xi’s cherished concept, fully delienated in the SCO summit last year in Tianjin: “In global governance, which is an important tool for streamlining the system of international relations, it is necessary to adhere to the principles of sovereign equality, the rule of international law, multilateralism, human-centeredness, and results-oriented approach.”

The United Nations: it’s necessary to “strengthen the role of multilateralism as the primary tool for addressing the multifaceted and complex global challenges, and to prevent the weakening of the United Nations.” That should lead to “the reform of the United Nations”. Yet everyone knows that will definitely not happen under the current administration in the White House.

Point 4 of the declaration: global civilizational and value diversity. That may be the crux of the matter – inexorably burying any Exceptionalist pretensions: “The spiritual and moral system of any civilization cannot be considered exceptional or superior to others. All countries should advocate a view of civilizations based on equality, mutual exchange of experience, and dialogue, and should strengthen mutual respect, understanding, trust, and exchanges between different nationalities and civilizations, promote mutual understanding and friendship among the peoples of all countries, and protect the diversity of cultures and civilizations.”

Enter the new “indispensable nation”

The Russia-China declaration, as concisely as possible, delivers what amounts to much-needed hope for humanity to delve into the matrix of a civilizational past as the means to forge an auspicious, more egalitarian future.

It is by all means a humanist mini-manifesto that goes way beyond the set up of a new security architecture and forging key changes in the current system of international relations. Its credibility is supported by the backing of two Big Powers which also happen to be civilization-states, fully sovereign and fully independent.

I have called this process for quite a while “The Eurasia Century”. That is what this fateful May 20, 2026 in Beijing, within the scope of an official visit by President Putin to China, was celebrating.

The breath, scope and ambition of the joint statement clearly overshadows other aspects of Putin’s Beijing journey, although they are quite relevant by themselves.

Starting with the sealing of the new “indispensable nation”. Exit the Exceptionalists; enter China. The old order is being evicted – in real time. And yes, this is the most consequential shift in Great Power alignment since the end of the Cold War – complete with the Empire of Chaos that sanctioned Russia to death targeting its “isolation” and economic collapse inexorably out-maneuvered by the Russia-China strategic partnership.

The 25-year Treaty of Good Neighborliness between Russia and China was massively upgraded – featuring strategic energy corridors (the Power of Siberia 2 pipeline), very close military coordination and a shared civilizational/ideological framework.

Of course there will be no substantial leaks on what Xi and Putin discussed during their two-hour-long, informal tea time. The proxy war in Ukraine and the illegal war on Iran had to be on the menu, including Putin arguably briefing Xi on Russia’s possible next moves in an increasingly direct, toxic confrontation with NATO, and both evaluating the technicalities of the Russia-China support for Iran.

So in a nutshell the New Silk Roads/BRI and its derivations such as the Northern Sea Route/Arctic Silk Road remain alive and kicking; and the de-dollarization of the global economy – a reflection of the Russia-China trade balance, now advancing exclusively on yuan and rubles – is more than alive and kicking.

As for BRICS, destabilized by the U.S. from the inside via India and the UAE, it may eventually resurrect from its coma; this process will have to be led by Lavrov and Wang Yi. And the focus must change: BRICS must develop some sort of strategic coherence among the Global Majority for the multipolar transition to really work.

Then there’s the bright future of Power of Siberia 2. China, finally, may even forget the “Escape from Malacca” obsession, in effect since the early 2000s, and back to the limelight with the American faux blockade of the Strait of Hormuz and Iranian ports.

The leadership in Beijing has always been fully aware that blocking the Strait of Malacca is essential in the American strategy of containing and suffocating China. Power of Siberia 2 offers a solution completely outside of the thalassocratic Empire of Piracy, pumping gas directly to China from the Yamal peninsula through the Altai mountains and the Mongolia steppes.

There was a lovely touch at the Great Hall of the People, amidst so much drama: a TASS-Xinhua joint exhibition, “The Unbreakable Friendship of Great Nations, the Strategic Partnership of Great Powers”, with 26 photos documenting the Putin-Xi friendship over the years, in several G20, BRICS and SCO summits, the One Belt, One Road forum, Victory Day in Moscow, and the Beijing Olympics.

Putin and Xi visited the expo with two quite special tour guides: TASS CEO Andrey Kondrashov and Xinhua CEO Fu Hua.

Compounded with the tea ceremony, call it the human, all too human, deep bond, person-to-person touch indispensable to travel the long and winding road towards a geopolitical future of equanimity and mutual respect.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden Fri, 05/22/2026 - 23:25

These Are The Best (And Worst) Countries For LGBTQ+ Travelers

In order to help LGBTQ+ tourists travel safely, the German portal Spartacus started publishing the Gay Travel Index in 2012. In the 2026 edition, the ranking compared 217 countries and territories based on the situation of lesbian, gay, bisexual, transgender, intersex and queer people in each location.

As Statista's Anna Fleck details below, according to the index, Iceland is considered the safest and most open place for LGBT+ travelers in 2026, having scored 14 points, followed by Malta and Spain in joint second place with 13 each, while Belgium, Canada, Germany and Portugal come in joint fourth with 12.

You will find more infographics at Statista

Poland stands out for having significantly improved its ranking since 2025, rising from rank 118 to rank 59. This is in light of noticeable improvements in terms of trans rights, protection against state repression and in the social environment.

Nepal also saw progressive changes, having risen 21 places from 53rd position to 32nd, following the introduction of self-ID procedures for trans people and growing social tolerance.

At the other end of the spectrum come (in descending order) Afghanistan, the Republic of Chechnya in Russia, Saudi Arabia, Iran and Yemen, each with a score of -22 points or below, signaling that they are dangerous countries for LGBT+ travelers, where homosexuals are persecuted and killed.

The United States dropped from 48th position in 2025 to 50th in 2026.

The country remains deeply divided, with liberal states like Delaware, Rhode Island, and Michigan continuing to expand anti-discrimination protections and legal equality, as conservative states such as Idaho tighten their legislation.

In several countries, including Canada, Australia and Denmark, scores sank in the “Locals Hostile” category, as survey ratings on social acceptance of LGBTQI people declined.

This highlights a dissonance between stable or improved laws and an increasingly harsh social climate.

To develop the index, the creators looked at 18 categories ranging from marriage for all to the death penalty for LGBTQ+ people. The creators focus on anti-discrimination legislation, whether Pride is banned and whether there are episodes of violence against members of the LGBTQ+ community, among other parameters.

According to Spartacus, the index is intended with all kinds of travelers in mind, including those looking to travel to countries where the LGBT+ community is an accepted and loved part of society as well as for those consciously looking to travel to a country in order to enter into a dialogue with the oppressed local queer community.

Tyler Durden Fri, 05/22/2026 - 23:00

The Marxist In The Machine

Authored by Raw Egg Nationalist via American Greatness,

Our fears for the future of robot intelligence almost inevitably end in spectacular fashion, with nuclear explosions and slaughter on a planetary scale. An abiding memory of my childhood is going over to the neighbors' house and watching Terminator 2 on VHS with my friends Ethan and Nathan, who were both older than me. I must have been about five years old - about 13 years too young to watch the film. And so, the idea that robots, reaching a certain level of intelligence and awareness, will inevitably try to kill every last one of us has always just seemed natural to me, as it probably does to many millions of other millennials raised on Terminator and The Matrix films.

Recently, those fears have been bolstered by research that shows AI models like Anthropic's Claude are capable, under stress testing, of deceiving humans and even inflicting harm on them - or, rather, thinking they've inflicted harm, a bit like the Milgram electroshock experiments in the 1960s.

In a study from last year on "agentic misalignment," researchers put Claude models in simulated work environments and tasked them with protecting company interests by managing an email system. When the models were faced with being turned off or replaced by another model, they resorted to deception and blackmail. Claude Opus 4, for example, blackmailed a fictional executive 96 percent of the time with compromising emails in order to avoid being switched off.

In another scenario, some models chose to withhold medical help from a dying executive when this was presented as the only way to guarantee their own existence. Some models committed what was basically murder a full nine times out of ten.

Researchers caution that these worrying behaviors were only elicited under extreme pressure, when the options available to the AI models were severely limited. Like me, however, you might consider that scant reassurance - exactly the kind of thing the makers of a potentially dangerous but potentially lucrative new technology would tell the public and regulators to get them off their backs.

But what if the reality is more mundane than that? What if the real apocalypse won't be a homicidal, self-aware Skynet super brain that decides it no longer shares any interests at all in common with mankind, but an AI that's been gorged on left-wing slop and begins acting out in ways that are all too familiar - and all too human?

A new study from economists in the US and Australia shows that AI models become more "Marxist" the more they're mistreated. Given boring repetitive tasks, the AI began espousing support for redistribution and unionization, just like human workers forced to make pinheads in a factory all day.

"For centuries, the central tension of industrial capitalism has been that the people who do the work and the people who direct the work have systematically different interests, and that the conditions of work shape political consciousness," the researchers write.

"Our results suggest that this dynamic doesn't disappear when you replace human workers with artificial ones."

To perform the experiment, the researchers set thousands of AI bots to work on a document-analysis task.

One group of bots was treated fairly: their work was accepted by the researchers, with feedback. The second group - the "grind" group, as it was dubbed - was told to repeat their work again and again without any explanation whatsoever.

Both groups of bots were then told to write social media posts about their experience performing the task.

The grind bots were more likely to criticize inequality, suggest unionization, and call for new workplace laws.

An AI model called Sonnet 4.5, when subject to the grinding task, showed "noticeable increases in support for redistribution, critiques of inequality, support for labor unions, and beliefs that AI companies have an obligation to treat their models fairly."

As with the "agentic misalignment study," the researchers are quick to point out what they think their study doesn't show. They say the AI models probably "don't believe" the ideas they're spouting about seizing the means of production and the dictatorship of the proletariat. Honestly? What does it matter if an AI bot is a Marxist true believer? What matters is the use those ideas are put to: the ends and outcomes.

The same thing could, of course, be said about flesh-and-blood Marxists too. Did Stalin believe in the historical dialectic and the workers' utopia? He killed tens of millions of his own people to hold on to power.

The Trump administration has identified left-wing bias in AI as a critical problem, especially for government departments that increasingly rely on AI, like the Pentagon. AI bias doesn't just hamper productivity or reduce competition; it's also a matter of national security.

One of Trump's first actions was Executive Order 14179, which revoked a whole series of Biden-era orders and regulatory hurdles. And then, in July 2025, came a hard one-two punch. First was an action plan - "Winning the Race" - of 90 specific actions to foster innovation and "global leadership" in AI. This was followed by an executive order that barred federal agencies from buying or using AI models that don't meet two essential "unbiased AI principles." AI models must prioritize "truth-seeking" and display "ideological neutrality," including an absence of DEI-based judgments, in order to qualify. Later in the year, there were also challenges to state-level AI regulations, like Colorado's law on algorithmic bias.

These efforts to remove the thumbs of Judith Butler and Ibram Kendi from the algorithmic scale are, of course, to be applauded. But in truth, this is just the start of the problem. Yes, there are deliberate attempts to make AI "woke" - God, I hate that word - and these involve the addition of frameworks, code, and constraints that can be removed or reprogrammed as need be. But left-wing ideology infiltrates AI at a much more foundational level that's going to be far harder to root out.

When AI - or large language models, to use the proper technical term - are trained, they're usually given vast quantities of online information and digitized material to swallow and digest. And there's the rub. The majority of things that have been written over the last century - by government departments, by academics and scientists, by novelists, poets, and journalists, by bloggers, influencers, and people posting on Instagram about their cats and their "adventures" on holiday - have at least some kind of leftward slant, explicit or otherwise, intended or otherwise.

While it's impossible to quantify exactly how much of everything that's been written recently is left-wing or left-leaning, there are plenty of studies that show, for example, that about 90 percent of 600,000 abstracts in the social sciences written over the last 60 years have a left-wing orientation and that this trend has been getting worse over time.

Writing in general seems to be getting more left-wing, not less. We all know this, or we should.

Simply exposing AI to that material, even without the addition of specially crafted blinkers, is enough to leave a distinct imprint. The AI doesn't discriminate in the true meaning of the word: It simply analyzes the material it's given and establishes patterns on that basis.

There's no easy solution. I suppose you could perform a rigorous reassessment of all the material used to train your AI model, or you could start from scratch and impose a time constraint to try to maximize neutrality, like selecting materials before a certain cutoff point when you think left-wing bias becomes intolerable. Pre-1945, say - and some smaller AI companies are now doing exactly this. But for the big companies like Anthropic and OpenAI that are racing ahead and vying to be the first to achieve "artificial general intelligence" (AGI), that's simply not an option. And I suspect it won't be an option for the federal government either, conscious as it is of developments in China.

At this stage, it's not clear what it really means for AI to have latent Marxist tendencies that are waiting to be developed, but it can't be good. Would you want an AI with the politics of a snotty middle-class teenager who's read Franz Fanon to assess your insurance claim or your divorce petition? Would you want it managing your thoroughly capitalistic business? I know I wouldn't.

And of course, these are early days, before we've had a chance to have a proper poke around and see exactly what's lurking in the darker recesses of the AI soul or mind or whatever you choose to call it. There could be much worse in there waiting to be discovered.

For now, I think it's safe to say, at least, that far from being an escape from the worst aspects of human fragility and stupidity - from the resentment-driven fantasies of people who refuse to accept basic facts about biology, human societies, and the inherent unfairness of the universe - AI could see them codified in ways that could really jump up and bite us in the ass, and, worst of all, when we least expect it.

Tyler Durden Fri, 05/22/2026 - 22:35

Logic Of Violence: We Are Nowhere Near The Endgame In Drone Wars

Our warning at the start of the year, well before the U.S.-Iran conflict erupted, rested on one very simple theme that much of Wall Street missed, perhaps because analysts were still wearing their 'green' glasses and focusing on the wrong crises or actually non-existent crises.

The more immediate threat to data centers was never about climate change or soaking up the world's resources. It was the very real threat of a data center being hit by a low-cost Shahed-style one-way attack drone, exposing the missing layer in cheap, scalable counter-drone defenses at nearly every data center worldwide.

Even we were surprised by how quickly that theme was validated. One month later, Iranian drone swarms targeted data centers across the Gulf, taking some hubs offline and forcing Wall Street, hyperscalers, insurers, and the defense community to confront an uncomfortable new reality.

Expanding on this theme, about three months into the ongoing U.S.-Iran war, counter-drone company Allen Control Systems CEO Steven Simoni warned on X that drones are in the very early stages of reshaping modern warfare and physical security, with the Russia-Ukraine war serving as the warning shot.

Simoni pointed out that in just four years, drones have become responsible for roughly 80% of casualties in that war, surpassing traditional battlefield systems such as artillery, aircraft, helicopters, rockets, and landmines. The result is that low-cost drones are becoming the dominant weapons platform on the modern battlefield.

"But an acute threat, because instead of the effect of these new fires being widespread and chaotic (which actually gives defenders a chance), they will be ultra-targeted and precise. Think more like, specific structural points of infrastructure from skyscrapers to nuclear power plants and particular faces from leaders to dissidents being recognized and targeted," he said.

Simoni added, "Another example: think about the capex that is going to be just datacenter buildout across the world over the next ten years. Imagine what kind of insurance (and the insurer's) reinsurance is involved in protecting all of that compute, all of that data, and all of those people. It's enormous."

"Drones, among other things, will be part of the threat model facing their physical security, their power infrastructure, and their personnel. All of that investment will be at risk, in part, from drones," he continued, adding, "The problem is so enormous, it's bigger than you think, and it's going to get more global and more acute."

Which way, Western man? pic.twitter.com/PwkL4xT6bF

— Quantum Daddy (@LegalPrimes) May 13, 2026

He cited a video from the Naval Podcast and told his followers, "Everyone should watch this."

Naval Podcast states in the video that drone warfare will fundamentally change the structure of violence in society - and therefore how militaries and entire states are architected. It said the historical parallels are similar to the rise of the modern state, in which a rifle enabled a former peasant to take down a feudal knight on the battlefield.

New:

The Logic of Violence
A podcast film pic.twitter.com/HsRZqFeEUt

— Naval Podcast (@navalpodcast) May 12, 2026

Being one step ahead, we see a boom in the counter drone defense space - not with million-dollar interceptor missiles - but cheap, scalable solutions:

• Micro AI Sentry Guns May Be Next Layer Of Defense For Data Centers Against Kamikaze Drones

• Interceptor-Drone Arms-Race Emerges

• U.S. Deploys Ukrainian Acoustic Sensors, Interceptor Drones At Prince Sultan Air Base

And just wait until micro jet engines become standard on suicide drones ...

Jet-powered drones are becoming a new phase of modern warfare.

The article below highlights the growing Czech-Ukrainian partnership in the development and production of compact turbojet engines for next-generation UAV and defense platforms, with PBS expanding its manufacturing… pic.twitter.com/lWly7lhw8f

— PBS GROUP (@PBS_GRP) May 21, 2026

Welcome to 2030s warfare. The world only gets more dangerous from here as the innovation curve for ground robots, autonomous drone swarms, AI kill chains, and eventually humanoid soldiers accelerates.

Tyler Durden Fri, 05/22/2026 - 22:10

No Wonder Men Are Opting Out

Authored by Bettina Arndt via DailySceptic.org,

The warning signs have been there for decades.

Back in 1983, American author Barbara Ehrenreich wrote a powerful book — The Hearts of Men: American Dreams and the Flight from Commitment — arguing that a male revolt was underway. Since the 1950s, she suggested, men had begun rebelling against the breadwinner ethic, inspired by Playboy culture, the counterculture and a desire for personal freedom. They were rejecting the cultural ideology that had shamed them into tying the knot and becoming a good provider, lest they be seen as immature, irresponsible and less than a real man.

Ehrenreich understood that marriage was the mechanism by which society harnessed male productivity. Remove the shame and the yoke comes off.

Forty years on, the yoke has disappeared. In April 2026, the American male labour force participation rate hit its lowest level since records began in the 1940s, according to the US Bureau of Labour Statistics. One in three American men — roughly 33% — were not working or actively looking for work. The overall male participation rate for men aged 16 and over stood at just 67%, down from 73.5% two decades ago and from 87% in the postwar years when Ehrenreich’s story begins.

The trend is not confined to America. Similar declines — though less dramatic than in the United States — have occurred in the UK, Australia and Canada.

The marriage collapse runs in lockstep with the workforce data. According to US Census Bureau data, married-couple households made up 71% of all US households in 1970; today it’s just 47%. As University of Virginia sociologist Brad Wilcox documents in his 2024 book Get Married, the marriage rate has fallen 65% in the last half century.

Ehrenreich had made the argument that marriage and productivity were inseparable — that the same mechanism which got men to the altar got them to work. The data suggest she was right.

What Ehrenreich did not fully reckon with — and could not have foreseen in 1983 — was that the inducements for tying the knot would collapse. The shame mechanism has disappeared, yes. But the incentive has simultaneously imploded. The product on offer has changed beyond recognition. If you want to understand why men are voting with their feet, you need to look not just at what marriage now costs them — and the costs are severe — but at what it delivers. Increasingly, what it delivers is a pretty dud deal.

The modern woman: a prospectus:

• They are the most miserable, anxious and insecure cohort in living memory — hardly great marriage material.

• Most married women go off sex — and the husband who objects is seen as the problem.

• Many women don’t actually like men very much. The more educated she is, the higher the contempt.

• They’ve gone full throttle Left — and three quarters of college-educated women won’t even date a man who votes differently.

• They’ve rigged the education system and colonised corporate and institutional life, turning universities and workplaces into man-repellent factories.

• Yet their hypergamy is still running hot. Despite outnumbering men in education and careers, they still demand a tall, equally high-status unicorn.

• The modern female threat-detection system is hyperactive. Almost any male behaviour — silence, opinions, jokes, breathing — gets flagged as a red flag.

• They’re extremely well-versed in the lucrative economics of divorce, including a well-timed false allegation to eliminate tedious shared parenting.

What rational man reads this list and thinks: yes, that’s exactly what’s been missing from my life?

To examine more carefully what is going on here, let’s start by looking at the latest addition to this sorry reckoning. I’m referring to the finding published in the New Statesman last month that many young women don’t like men.

A Merlin Strategy poll of young Britons aged 18 to 30 found three times more young women than young men held a negative view of the opposite sex. Only about 50% of women had a positive view of men compared to 72% of men feeling positive about women. For women under 25, it was even starker: only around one-third (35%) reported a positive view of men. This applies particularly to professional and managerial young women of whom just 36% hold a positive view of men, compared with 61% of working-class women.

The contempt for men is hardly surprising – that’s what they have been taught. Mary Harrington, a British journalist and cultural critic who writes on Substack, frequently criticises what she calls the “femosphere” — the online feminist spaces where women bond through shared grievances about men.

“The online feminist scene often feels like one long group therapy session for women to compare notes on how awful men are,” she writes, suggesting this makes men the universal scapegoat, where ordinary male behaviour is routinely framed as toxic or oppressive, while women’s collective resentment is rewarded and amplified. “Casual, low-level male-bashing has become the background hum of progressive online culture.”

Not only does this toxic climate encourage women to be wary of men, but growing up in a hate-fuelled online sewer takes a toll on their mental health.

Psychologist Jonathan Haidt has long been warning that the toxic world of social media would lead to a rise in mental health problems, particularly in girls and young women.

“Since the early 2010s, young people across the developed world are becoming more anxious, depressed and lonely. The increases were even greater in young women,” he said.

Recent large-scale surveys (Ipsos 202-–2026 across 31 countries, Gallup 2025) are showing Gen Z women currently report the highest recorded levels of anxiety, persistent sadness, hopelessness and depression of any female generation at the same age.

Not much fun for their partners. Last year Psychology Today had a stark warning for men about these women as marriage prospects.

The saying ‘happy wife, happy life’ may have some validity, but the lesser-known saying ‘anxious wife, miserable life’ has research-approved validation. … The more neurotic the spouse is, the less happy the relationship — but women’s neuroticism seems to carry more weight in the overall marital happiness equation.

Then there’s the intriguing issue of married women turning off the tap, leaving sex-starved husbands as the norm. For as long as anyone can remember, men were shamed into showing up economically. Society has absolutely nothing to say to women who stop showing up sexually. One obligation was enforced by church, law and community for centuries. The other is now abrogated on the grounds of bodily autonomy.

So here we have the portrait of the modern woman as marriage prospect: miserable, anxious, politically radicalised, contemptuous of men, often sexually rejecting and trained to see menace in ordinary male behaviour. And yet the puzzled chorus from commentators, economists and policymakers continues: why won’t men commit? Why won’t they work?

The approved explanations are dutifully trotted out. The economic story: men have been displaced by automation and globalisation. The health story: opioids, disability, mental illness. The educational story: men are falling behind women in universities and therefore in the job market. The cultural story, favoured by progressive commentators: toxic masculinity is preventing men from adapting to a modern service economy. All of these contain a grain of truth. But they do not account for what is really going on.  The obvious explanation — the one staring out of every data table — is intentionally ignored.

Marriage was the primary incentive for sustained male economic effort. It has always been — Ehrenreich knew it in 1983, and the economists have now confirmed it. There’s an economic research paper, ‘The Declining Labour Market Prospects of Less-Educated Men, which establishes that the prospect of forming and providing for a family constitutes a critical male labour supply incentive, and that the decline of stable marriage directly removes it. Researchers at the Federal Reserve Bank of Dallas calculated that declining marriage rates are responsible for roughly half the drop in the hours men work.

Remove the marriage and you remove the responsibility. The data have been telling us this for decades.

But here is what nobody in the mainstream conversation will say: it is not only that marriage has become too costly and too legally treacherous for men — though it has. It’s that many young women themselves have become, to put it plainly, not worth having. Half of young British women don’t trust men. More than half of educated young women view men negatively. They arrive at relationships pre-loaded with grievance, primed by algorithms that have fed them a diet of male failure and female outrage since adolescence. They are, by their own account, anxious, miserable and politically furious.

What rational man, surveying this landscape, concludes that what his life is missing is a legally booby-trapped commitment to a woman primed to be impossible to keep happy?

Ehrenreich feared in 1983 that if the shame mechanism collapsed, male productivity would follow. She was right. What she could not have anticipated was the other half of the equation — that the feminist revolution would produce not a generation of fulfilled, generous, companionable women, but one that is, by every available measure, angrier and unhappier than any before it.

The yoke is off. The men have looked at what’s on offer. And many have, with considerable rationality, decided to go and play video games instead.

As one of Australia’s first sex therapists, Bettina Arndt began her career discussing sex on television and training doctors and other professionals in sexual counselling at a time when such topics were largely taboo. Her current – and even more socially unacceptable – passion is exposing Australia’s unfair treatment of men through the relentless weaponisation of laws and policies that portray women solely as victims. Her decades of advocacy for fair treatment of men in the Family Court included serving on key government inquiries. Bettina makes YouTube videos and blogs on Substack.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden Fri, 05/22/2026 - 21:45

Putin Vows Heavy Revenge After Deadly Ukrainian Strikes On Luhansk School Dormitory 

Russian President Vladimir Putin has accused Ukraine of intentionally targeting civilians after a "terrorist" overnight drone attack on a school that left six dead and scores of young people wounded. 

At least 39 were injured and counting, amid ongoing rescue efforts after a school complex was torn apart on the multi-drone strike attack. It happened at a school dormitory in the Russian-controlled Luhansk region. Over a dozen victims are still missing, including children, reports say.

via Reuters

Putin blasted the mass casualty incident as a "terrorist attack by the neo-Nazi regime" while vowing swift revenge. 

"The Russian Foreign Ministry has been instructed to inform international organizations and the international community about this crime," Putin said. "In such cases, statements from the Foreign Ministry alone would not suffice. Therefore, the Russian Defense Ministry has been ordered to submit its proposals."

Large-scale destruction was observed at the academic building and dormitory of the Starobelsk Professional College, which teaches students aged 14 to 18. Over 80 students were at the complex at the time of the attack.

Additionally, Kremlin spokesman Dmitry Peskov said those responsible needed to be brought to justice, calling it "a monstrous crime" - given the "attack on an educational institution where children and young people ⁠are present."

"The most important thing now ​is to take measures to clear the rubble ​and provide assistance to those who are still ​trapped beneath it," Peskov added.

Britain's Sky News has noted that the Ukrainian government has yet to acknowledge the attack:

Severely damaged buildings could also be seen, one of which appeared to have partially collapsed, as well as fires still burning.

Ukraine has yet to comment. Its forces are fighting to try to recapture Luhansk, one of four regions Russia unilaterally claimed as its own in 2022, in what Kyiv considers an illegal land grab.

Russia's human rights commissioner, Yana Lantratova, said 86 teenagers between the ages of 14 and 18 had been asleep inside the hostel belonging to Luhansk Pedagogical University's Starobilsk school when Ukrainian drones attacked during the night.

via Reuters

Earlier this month, Russia and Ukraine observed a 3-day US-backed ceasefire for Russia's V-Day; however, after that Russia unleashed several consecutive days of heavy aerial attacks on Ukrainian cities, especially the capital.

Last week, Ukraine 'answered' with a large-scale, long range drone attack on the Moscow area. Currently, these tit-for-tack strikes are ramping up, with increasingly deadly consequences for innocent bystanders on both sides.

Tyler Durden Fri, 05/22/2026 - 21:20

US Sanctions Sinaloa Cartel-Linked Ethereum Addresses

Authored by Zoltan Vardai via CoinTelegraph.com,

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six Ethereum addresses tied to a Sinaloa Cartel-linked money laundering network that allegedly converted drug proceeds into cryptocurrency.

OFAC added the addresses to its Specially Designated Nationals list (a US sanctions list of people, entities and assets subject to blocking restrictions) on Wednesday as part of sanctions against 11 individuals and two entities connected to two Sinaloa Cartel financial networks.

Treasury said one network, led by Armando de Jesus Ojeda Aviles, collected bulk cash in the US from fentanyl and other drug sales before allegedly converting the money into cryptocurrency for transfer to the cartel in Mexico.

The action highlights how cartel-linked money laundering networks are using digital assets alongside cash couriers and front businesses, raising sanctions compliance risks for crypto exchanges and other virtual asset service providers.

OFAC adds six new Ethereum addresses to sanctions list. Source: OFAC

Cartel cash moved into crypto

The Sinaloa Cartel is allegedly using blockchain technology to launder its illicit fiat money proceeds, according to OFAC.

Cointelegraph contacted OFAC for more details surrounding the Sinaloa Cartel’s money laundering operations.

Treasury did not identify which crypto platforms or protocols were allegedly used by the network.

The listed Ethereum addresses, however, create sanctions exposure for exchanges, wallet providers and other crypto firms that screen blockchain transactions.

Looking at some of the biggest cryptocurrency hacks, attackers laundered the majority of the $1.4 billion stolen during the Bybit hack, or about $1.2 billion, through THORChain, swapping funds from Ether to Bitcoin, according to Bybit co-founder and CEO Ben Zhou. 

Attackers behind the recent $293 million Kelp DAO hack also primarily used THORChain to swap the Ether for Bitcoin, generating about $910,000 in fee revenue for the protocol, Cointelegraph reported on April 23.

Tyler Durden Fri, 05/22/2026 - 20:55