Attorney General Ken Paxton has filed suit against a North Texas businessman and his company, alleging they operated fake childcare businesses in order to fraudulently sponsor foreign workers through the H-1B visa program.
The lawsuit, filed in Collin County, names Yuan Yao and Golden Qi Holdings, LLC as defendants. The state alleges Yao, identified in the petition as “a citizen of the People’s Republic of China,” operated websites advertising childcare services that “do not exist.”
Why the hell are foreign nationals even eligible for such subsidies? Shouldn’t they be limited to American citizens?
Convict him, seize all his money and property and deport him.
According to the lawsuit, examples of the alleged sham businesses include Allen Infant Care Center and DFW ABA Center, both tied to an address at 600 S. Jupiter Road in Allen.
The state alleges the businesses falsely claimed to provide legitimate childcare services “in part to fraudulently sponsor H-1B visas for employees.”
There needs to be a crackdown at the national level on par with what Paxton is doing in Texas.
The filing heavily references recent reporting by Blaze TV and Texas Scorecard personality Sara Gonzales, who visited the Allen address and “did not find any child-care at all.” Instead, according to the petition, she found “an empty building and a playground overgrown with vegetation.”
The lawsuit also cites Gonzales’ interview with an individual familiar with the property who allegedly claimed Yao “sells visas” and sponsors workers who are then paid “next to nothing.”
According to the petition, the defendants filed visa petitions and labor condition applications for positions including software developers, business intelligence analysts, financial analysts, web developers, and market research analysts.
The state alleges those filings were tied to childcare facilities “which were not in operation.”
Texas also alleges neither Allen Infant Care Center nor DFW ABA Center is licensed to operate as a childcare facility.
How do you even obtain government subsidies to run a child care if you’re not licensed to run a child care? Is that not a step in the process? Does no one check?
It’s like the entire system was designed from the ground up to enable fraud.
The attorney general’s office is seeking temporary and permanent injunctions blocking the defendants from advertising or operating childcare facilities in Texas without licenses, along with civil penalties under the Texas Deceptive Trade Practices Act and Human Resources Code.
“Let this be a warning to anyone considering trying to scam the H-1B visa program,” Paxton said. “I will continue fighting to ensure that the H-1B program serves the interests of Americans, not Chinese nationals, and that those who abuse the program are held accountable to the fullest extent of the law.”
Yao had enough red flags that it shouldn’t have taken an investigative reporter interviewing him to put him on the government’s radar. Is it too much to ask that various federal agencies to least start with combing their database for non-citizens collecting big subsidy checks?
*Feel free to sprinkle the word “allegedly” into that headline if you’re so inclined…
Decisions by decision, the Trump47 Administration is sweeping away un-American Biden regulatory overreach. A lot of us may be frustrated by the pace of change, with things that should have been overturned in 2025 still lingering on into this year. But the aircraft carrier of state can take quite a while to turn.
Attorney General Ken Paxton is touting a major win for gun owners after the Trump Department of Justice backed off defending a Biden-era rule that targeted private firearm sales. The move leaves in place a court injunction that blocks enforcement of the regulation in Texas and other plaintiff states while litigation continues.
The Bureau of Alcohol, Tobacco, Firearms and Explosives’ “engaged in the business” rule—pushed under the Biden administration—sought to dramatically expand who counts as a “dealer” under federal law.
By redefining the term, the rule would have forced many ordinary gun owners who occasionally sell firearms to obtain a federal license and run background checks or risk civil and criminal penalties.
Second Amendment advocates and multiple states argued the rule effectively created back-door universal background checks, criminalizing private, non-commercial transactions that Congress has historically protected. They also warned that the policy flipped the presumption of innocence, presuming gun owners were “engaged in the business” unless they could prove otherwise.
In May 2024, Paxton led a multistate coalition suing the Biden administration and ATF over the rule, arguing it exceeded the agency’s authority and violated the Second Amendment.
Soon after, a federal judge issued a temporary restraining order, followed by a preliminary injunction blocking enforcement of the regulation against Texas and other plaintiffs.
The court found the rule likely unlawful, noting that it shifted the burden onto gun owners to “prove innocence rather than the government prove guilt” and could penalize conduct that had been legal just days before.
Paxton framed the injunction as a key protection for law-abiding citizens engaged in traditional private sales, saying the rule “would criminalize the private sale of guns” and undermine core Second Amendment rights.
In a significant development this month, the U.S. Department of Justice asked the Fifth Circuit Court of Appeals to dismiss its own appeal of the injunction in the case known as Texas v. ATF. That retreat effectively cements the existing protections for gun owners in the plaintiff states, leaving the Biden-era rule sidelined while the underlying lawsuit proceeds.
“This is exactly what happens when the federal government’s gun control schemes are dragged into the light,” said Chris McNutt, president of Texas Gun Rights. “They collapse. This rule was never about public safety, it was about building a system to monitor and control lawful gun owners. And now the DOJ knows it can’t defend it.”
Gun Owners of America, a co-plaintiff with Texas, called the DOJ’s move a “surrender” that leaves the ATF rule politically and legally isolated in federal court. With the current administration no longer actively defending the regulation on appeal, Paxton and other plaintiffs now have a clearer path to seek broader relief, including a nationwide injunction or full vacatur of the rule.
Paxton is crediting the change in course to President Donald Trump’s new administration, which has moved to abandon the Biden-era position and drop the appeal.
Trying to force lawful gun owners who sell a single gun to register as dealers is a clear abuse of power and an attempt to ensnare law-abiding citizens in an oppressive regulatory nightmare to further Democrats’ anti-Second Amendment schemes.
I’m glad the Trump Administration finally stopped defending this rule, but it should have been one of the first gun regulations Trump47 addressed. I chalk the delay up to the fact that ATF has only had acting directors (the overtasked Kash Patel, then Daniel P. Driscoll) rather than a full-time confirmed director, as only yesterday did Trump ATF director pick Robert Cekada clear senate cloture.
Maybe with a new head, Trump’s ATF can finally start sweeping away the rest of Biden’s regulatory overreach.
The Iran war remains on pause, more of that Democrat voting fraud that never happens, more California, more felonious illegal alien scumbags, a corrupt Democrat resigns before she can be kicked out, Virginia’s radical Dem redistricting ploy gets court-blocked, black rain in Russia, and some auction artifacts for the Golden Anniversary of punk rock.
It’s the Friday LinkSwarm!
Also, I’ve trimmed the blogroll of a few (mostly gun) blogs that haven’t posted for a few years, and added According to Hoyt, partially for the tasty meme roundups.
JUST IN: Iran just pulled a thirty-year-old empty supertanker out of retirement and began towing it toward Kharg Island. She is moving so slowly that a voyage that should take a day and a half is taking four days.
Her name is NASHA. IMO 9079107. Built 1996. A two-million-barrel very large crude carrier that has been anchored empty off Kharg for years. TankerTrackers confirmed her reactivation yesterday. Gulf News, Iran International, and Fox News all picked it up within hours.
The reason she is moving at all is that Iran is running out of places to put the oil.
Kharg Island handles roughly ninety percent of Iran’s crude exports. Its onshore tanks had about thirteen million barrels of spare capacity when the US blockade began on April 13. Net inflow since has been running at one million to one point one million barrels per day because exports have collapsed to single digits of vessels while upstream production continues. The math is mechanical. Roughly twelve days of spare capacity. The calendar says that window closes this week.
NASHA is not a strategy. NASHA is what you do when you have run out of strategy.
A two-million-barrel floating storage vessel buys Iran approximately forty-eight hours of continued upstream production. After that, either the wells get shut in or the crude goes somewhere else. The parallel options being pursued, ship-to-ship transfers in the Riau Archipelago, AIS-dark transits, sanctioned VLCCs returning home through the blockade line, are not enough. Lloyd’s List Intelligence has tracked roughly twenty-six Iran-linked vessels evading since April 13. That cannot absorb a million barrels a day.
The wells will shut in. The question is which wells, for how long, and whether they come back.
Alabama Attorney General Steve Marshall announced the arrest on Wednesday of two Lowndes County residents on charges related to the unlawful use of absentee ballots in the August 2025 Ft. Deposit municipal election.
Jacqulyn Boone, 51, and Steven Thigpen, 49, were each charged with unlawful use of absentee ballots, a Class C felony under Alabama law. Boone previously served as mayor of Ft. Deposit, and Thigpen was a candidate for the Ft. Deposit City Council. Both were declared winners in the August 2025 election.
Good news: “Democrat Sheila Cherfilus-McCormick Resigns from Congress Ahead of Potential Expulsion.”
Representative Sheila Cherfilus-McCormick (D., Fla.) announced her resignation from Congress on Tuesday after Republicans threatened to hold a vote to remove her from her seat over allegations that she misused federal disaster relief money, among other misconduct.
She was also indicted by a grand jury last year on charges of stealing federal disaster funds.
Snip.
Ahead of her resignation, Representative Greg Steube (R., Fla.) threatened to file a motion to expel her from Congress, which would have set up a vote on her ouster for later this week. Her announcement also came moments before a House Ethics Committee hearing was set to begin, in which the committee was expected to recommend sanctions against her for a number of ethics violations involving financial misconduct.
The panel previously found the congresswoman guilty on multiple counts of failing to comply with Federal Election Commission regulations and uphold the Code of Ethics for Government Service. It found “clear and convincing evidence” that she misused $5 million in federal disaster relief money that was improperly paid to her family’s healthcare company, in order to boost her 2021 campaign.
But on Tuesday, House Ethics Chairman Michael Guest said that her resignation meant the committee had lost its jurisdiction and would no longer consider sanctions against her.
“How Gavin Newsom Subsidized the Migrant Invasion. The California governor has spent nearly $1 billion on nonprofits that want, among other things, to dismantle the border, “abolish ICE,” and help immigrants ‘living with HIV.'”
In this City Journal investigation, we have traced the money and can reveal that Governor Gavin Newsom has granted approximately $1 billion to an army of nonprofits that has encouraged unchecked numbers of migrants to enter the country, fought deportation orders in the courts, and led street protests against ICE. These groups often operate under the guise of “humanitarianism” or “immigration justice,” but many, as we have uncovered, are in fact left-wing activist groups that use propaganda, lawfare, and street protests to transform America’s demographics and build political power for California Democrats—all on the public dime.
This is the story of how Gavin Newsom subsidized the illegal invasion and turned a wave of desperate people into pawns in his political game.
California was ground zero for the Biden-era migrant wave. The state saw an enormous number of people cross its border, including more than 400,000 illegal immigrants between 2021 and 2023 alone. Under Newsom’s leadership, the nation’s largest “sanctuary” state granted hundreds of millions of dollars to nonprofits that have encouraged the flow of humanity across the border, variously providing migrants with transportation, shelter, social services, and legal protection.
The expenditures have been enormous. According to our review of state funding records, since Newsom took office, California has granted massive contracts for migrant-related services: more than $250 million to Catholic Charities; $85 million to Jewish Family Services; $12 million to Centro Legal de la Raza; $23 million to the Immigration Institute of the Bay Area; and more.
Many nonprofits benefiting from these funds are shockingly radical. Al Otro Lado, a nonprofit that has been awarded more than $2 million from California since Newsom took office, helps migrants enter the United States—hence the group’s name, “to the other side.” On social media, Al Otro Lado touts its efforts to provide “freedom of movement” to migrants. In addition to providing legal guidance, the group deploys volunteers to “remote migration routes to leave water, food, and essential supplies.”
According to its own materials, Al Otro Lado is anti-borders and openly hostile to the American nation. In one Instagram video, the group’s litigating attorney Diego Teixeira clumsily summarized the view: “I honestly just believe that there’s no reason for why we should have borders.” In another video, the group shows off books from its library, such as Undoing Border Imperialism, that “remind us that the U.S. is [sh*t].” The organization, which did not respond to our comment request, is currently suing the Trump administration to prohibit the government from turning away certain migrants at the border.
Other groups focus on ideological subpopulations. Oasis Legal Services, another taxpayer-funded group, has worked on helping “queer and trans immigrants navigate immigration relief and benefits.” In a recent report, the group boasted that “the odds of winning an asylum case go up to 99% for clients when they are represented by an Oasis team member.” (The group denies that it encourages the entry of immigrants.)
Adam Ryan Chang, Oasis’s executive director, believes that “homosexual audacity” is his “superpower,” and he has framed his work with the nonprofit as part of a broader left-wing campaign of “liberating” the “LGBTQ+ community.” In a recent annual report, the group highlighted its work of apparently representing migrants with a sexually transmitted disease. In 2024, the report said, “one in six of new clients is living with HIV and the rest are all at significant risk of contracting HIV.” In 2025, the proportion increased to one in five.
In response to a request for comment, Chang said people “living with HIV are not barred from entering the United States on that basis.”
For Oasis, the public health implications are apparently not a cause for concern; it is all part of reducing “stigma” and ensuring that “immigration justice” prevails.
Bad news: Virginia voters approved the Democrats’ radical redistricting proposal.
Democrats spent $70 million on this referendum.
Almost every penny came from out of state.
They broke laws.
They wrote a deceitful ballot measure.
They ran tv spots for two months, nonstop.
They brought in Obama.
They brought in Hollywood.
We had grassroots.
That’s really it.
They only beat us by 70k votes.
In an April election.
Here’s the most ironic part … what do you notice?
All that money, all that effort, and all they did was prove our 6/5 map is accurate.
Almost exactly.
But: “Virginia Judge Rules VA Gerrymandering Vote Unconstitutional.” “From the Tazewell Circuit Court, the Judge reaffirmed all prior rulings, declared the referendum as unconstitutional and the amendment process of HB 1384 as unconstitutional. He entered injunctive relief and specifically enjoyed the certification of the election. He denied a motion to stay pending appeal. A final order will be entered once drafted.” (Hat tip: Director Blue.)
“Tuapse Port Burns Heavily After Multiple Drone Strikes: Russians in Panic.” Tuapse gets getting hammered hard by Ukraine.
I think now this is having a big effect not just on Russian fuel exports but on the city of Tuapse itself. Twitter and online Telegram sources reporting toxic clouds black coatings from oil on houses cars and animals because of rainfall with oil in here. Some Telegram posts are saying residents are advised not to go outside.
More:
Here’s a statement shared by Russian online which I’ll read out. “City of Tapsa no longer exists. It’s been destroyed. In fact, the land there is poisoned. The water is poisoned. The air is poisoned. Black rain is falling there right now like water in Hiroshima mixed with oil salt. It’s killing vegetation, insects, and birds. The human consequences are also predictable. Residents in the city and surrounding areas are ordered not to leave their homes and not to open windows at all. I suggest we realize this. There’s an oil slick up to seven kilometers deep in the sea. That is the harbor and the entire coastline are dead. What can I say? Since 2022, we’ve been told very pompously. Do you want Chernobyl and Kiev? Well, now Chernobyl is in Tuapse.
The moral of the story: Don’t launch illegal wars of territorial aggression.
Reminder: LA Mayor Karen Bass is an actual communist.
I am going to keep repeating this until people understand this.
Karen Bass was not only a Castro operative and Communist, but she got elevated to Vice Chair of National Endowment for Democracy, which is the center of soft power operations in the US government. She is not a "DEI… https://t.co/Kh7wMQvwgZ
— DataRepublican (small r) (@DataRepublican) July 7, 2025
Karen Bass was not only a Castro operative and Communist, but she got elevated to Vice Chair of National Endowment for Democracy, which is the center of soft power operations in the US government. She is not a “DEI mayor.” She is extremely powerful at the global stage.
She was actively involved in shaping foreign policy with the Obama administration, especially Africa. Her Ghana visit during the LA wildfires wasn’t a vacation, it was part of a Biden delegate to greet Ghana’s new President.
She was considered HUD Secretary for the Biden administration. Instead, she nominated the person who would become the actual HHS Secretary – California Attorney General Xavier Becerra.
Now, let me ask you. If a literal Castro operative gets elevated to this stage, what does this imply about the rest of the United States government?
The Wall Street Journal reported that the Justice Department’s antitrust division has opened a criminal probe into major meatpackers.
The report follows President Trump’s push for an investigation into meatpackers as supermarket beef prices remain near record highs.
Criminal antitrust cases are typically brought for alleged price-fixing, collusion, or bid-rigging. While the DoJ previously disclosed an investigation into beef companies after Trump called for action, it had not provided details on whether it was criminal.
In early November, Trump publicly stated, “I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through illicit collusion, price fixing, and price manipulation.”
“We will always protect our American ranchers, and they are being blamed for what is being done by majority foreign-owned meat packers, who artificially inflate prices and jeopardize the security of our nation’s food supply,” Trump continued.
Sneaky local elections creeping up on May 2 in Texas. Check to see if your school board is having an election. (Not to be confused with the primary runoff elections, which are coming May 26.)
The decades long discriminatory tension between the financial sector and the firearm industry underwent a positive shift with a final rule published on April 10 by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). This landmark effort in a long fought battle, which NRA-ILA has reported on extensively, codifies the removal of “reputation risk” as a basis of adverse action under oversight programs that apply to FDIC-supervised financial institutions.
Ultimately, this final rule eliminates reputation risk as a means of injecting politics into banking regulation by prohibiting examiners from using this subjective assessment to pressure or penalize banks. It also prohibits regulators from pushing banks to close accounts or deny services based on their ill-conceived aversion to the lawful firearms and ammunition industries, which are vital to supporting our constitutional rights.
This rule helps to mitigate unjustified biases against these business sectors left over from the Obama-Biden Administration and importantly helps to prevent future efforts in the same vein. In 2013, the U.S. Department of Justice (DOJ), in coordination with regulators such as the FDIC, began pressuring banks to cut ties and services to industries they considered to be “high risk,” which under the anti-gun Obama-Biden administration unsurprisingly included firearm and ammunition-related business.
The program, billed Operation Choke Point (OCP), encouraged broad financial “de-risking” and led to banks freezing or terminating services to lawful businesses based on “reputation risk,” instead of any proven misconduct or illegality. Guidance documents provided to banks at the time specifically listed firearm and ammunition sales as high-risk activity, although they are some of the most highly regulated industries in the country.
OCP’s circular reasoning held that even law-abiding businesses could generate ill-will among banking customers, merely because of the controversial nature of those businesses’ products or services. Thus, to prevent some customers from canceling their banking relationships out of protest or disgust that businesses they didn’t like were also being served, banks were supposed to sever ties with those businesses. Meanwhile, the administration did all it could to stoke this same ill-will by portraying these “suspect” industries in a relentlessly negative light.
In 2017, President Trump officially ended Operation Choke Point, with the DOJ issuing a missive characterizing it as a “misguided initiative” and conceding that “law abiding businesses should not be targeted simply for operating in an industry that a particular administration might not favor.” And while it was noted that the initiative would not be undertaken again, there was still work to be done to strengthen protections for the industry and prevent similar back-door discriminatory efforts in the future. Among these, for example, are various attempts to surveille firearm and ammunition-related purchases through credit card companies, supposedly to flag “suspicious” purchases to regulators.
Last year, in acknowledging the continued threats of financial discrimination, President Trump took more decisive steps by issuing an Executive Order, Guaranteeing Fair Banking for All Americans, emphasizing that lawful individuals and businesses should not be denied access to financial services due to ideological bias. The order also called for greater oversight and accountability to prevent discriminatory debanking practices.
“Illegal Alien Freed by Biden Admin Accused of Sledgehammer Killing in Houston. Josue Abraham Chirino-Leonice was released at the border in 2023.”
“ICE Houston Arrests 277 Criminal Illegal Aliens in Two Weeks, Including Murderers and Child Predators. Among those arrested were 17 convicted child sex offenders, six murderers, and a Salvadoran MS-13 member sentenced to 228 years in her home country before the Biden administration released her into the United States in 2024.”
“Michael and Susan Dell Become UT-Austin’s First Billion-Dollar Donors.” “The university announced Tuesday that the Michael and Susan Dell Foundation had pledged $750 million towards the construction of a medical research facility as part of the expansion of the Medical School that was already named after Dell.”
Bonhams has an auction for 50 Years of Punk Rock, just in case you want to pay £1,000 for a CBGB’s poster you could have ripped off a lightpost for free back in 1978.
Also, Heritage Auctions is having a Star Wars auction on May the 4th, because of course they are. Despite how badly the Kathleen Kennedy era has damaged the franchise, a 5 foot Millennium Falcon model would still be a very cool thing to have…
President Donald Trump cracked a joke about wanting to take a psychedelic during a White House event touting the benefits of the drugs.
The president made the remark at a Saturday morning event in the Oval Office, where he signed an executive order to “accelerate medical treatments for serious mental illness,” including the therapeutic benefits of LSD, psilocybin, ecstasy, and other psychedelics.
In attendance was the popular podcaster, Joe Rogan, who has advocated for the treatments but has also recently been fiercely critical of Trump’s war in Iran.
Trump touted the success of the psychedelic drug ibogaine—a Schedule I controlled substance—and cited a study in which he said participants experienced an “80 to 90 percent reduction in symptoms of depression and anxiety within one month.”
I’d like to see the actual study. A whole lot of studies show one thing, and then a better, larger study comes down the line in a year or two that contradicts the first. Many studies said “Marijuana is great for treating X!” and now we’re getting other studies that show “Probably not.”
“Can I have some, please?” Trump quipped, prompting the room to erupt in laughter. “I’ll do whatever it takes…I don’t have time to be depressed. If you stay busy enough, maybe that’s what works too, that’s what I do.”
Rogan, who endorsed Trump for president in 2024, said the executive order came about after he sent Trump a text message about psychedelic therapies.
Veteran organizations and psychedelic advocates have long contended that the ibogaine, which is made from a shrub native to West Africa, has great promise for hard-to-treat conditions such as post-traumatic stress disorder and opioid addiction.
All I know about ibogaine comes from Hunter S. Thompson talking about Edmund Muskie possibly using it in Fear and Loathing on the Campaign Trail ’72. I do not think this qualifies me as any kind of expert.
Retired Navy SEAL Marcus Luttrell, who has written about his struggles with depression and PTSD in the memoir Lone Survivor, told Trump how ibogaine changed his life “for the better.”
“You’re going to save a lot of lives with it,” Luttrell told Trump. “I’d like to say how grateful I am to have had the opportunity to go through the program and receive the Ibogaine.”
“I want to tell everybody how this happened,” Rogan explained. “I sent President Trump some information… the text message that came back: ‘Sounds great. Do you want FDA approval? Let’s do it,’” Rogan claimed. “It was literally that quick.”
Am I worried that Joe Rogan can get policy changed by texting the President? A whole lot less than if it were George Soros or Neville Roy Singham doing it for a Democratic president. Rogan has at least rejected woke madness and is willing to listen to evidence.
In a grander scheme of things, I’m not worried about limited legal use for psychedelic drugs because the Constitution doesn’t designate regulating drug use as an enumerated power of the federal government in the first place. As such, federal drug prohibition is unconstitutional under the Tenth Amendment. Unless it involves interstate commerce, federalism and subsidiarity leave drug regulation up to the states.
Here’s an Asmongold video on the press conference:
At the very least, hopefully we should get some good data on whether psychedelics like ibogaine are actually effective in treating PTSD and other disorders. Maybe they’ll help, and maybe they won’t.
You can’t get good data on what you’re not allowed to study.
Back when I was doing regular Texas vs. California updates, this is the sort of video I would feature. It covers why Texas is doing so much better than Europe, though the framing misses a few things I’ve tried to highlight below.
Caveat: I don’t know who “The Economic Matrix” is, but what they’re saying is generally right, but a bit incomplete.
“This is Texas. To most of the world, it’s just one of 50 American states. But if you pulled it off the US map and dropped it into the global rankings as its own nation, it would sit eighth in the world, sandwiched directly between France and Italy, with a staggering GDP of $2.77 trillion. But that’s just the start. In 2025, the Texas economy was bigger than the equivalent of the Netherlands, Belgium, Denmark, and Austria combined.”
“Texas and Europe are separated by more than an ocean. They’re separated by two completely different ideas of how a state should operate. And right now, one of those ideas is winning by a distance that gets harder to close every year. In 2024, the Texas economy grew by nearly 4%. The entire European Union managed 1%, and the gap is only getting wider.”
“The EU spent most of the last 15 years in crisis mode. A sovereign debt collapse left Greece, Spain, and Portugal on the edge of ruin.” I covered the European Debt Crisis (especially among the PIIGS (Portugal, Italy, Ireland, Greece, Spain)) as it was happening, and the thing to remember is that it was (and is) a deficit spending crisis. Like the federal government, European governments insist on spending more than they take in. Real austerity, i.e. cutting outlays until they match receipts, hasn’t failed, it’s been declared difficult and left untried.
“Years of near zero growth followed. The in 2022, Russia cut off the gas and sent inflation across the Euro zone spiking to 9.2%.” Here the video also avoids noting that another big inflation driver was the effects of the Flu Manchu lockdown across most EU economies.
“Through all of that, the Texas economy just kept climbing. The productivity gap tells the same story. Between late 2019 and mid 2024, labor productivity per hour in the Euro zone rose by 0.9%. In the US, it rose by 6.7%. Texas led that charge.”
“Look at the Permian Basin. Oil production nearly tripled in a decade while the rig count was cut almost in half because horizontal drilling and AI-guided extraction meant fewer rigs producing more oil. Same workforce, three times the output.” Oil industry-specific AI has very little do with the current general AI build-out bubble.
“There’s a mathematical reality that makes this trajectory almost impossible to reverse. At 1.5% annual growth, the EU takes roughly 47 years to double in size. At the 3.5% rate Texas usually averages, it takes 20. By the time the EU doubles once, Texas will have doubled twice. That gap compounds and it means every year the distance between these two economic models doesn’t just persist, it accelerates.”
“Mario Draghi, the former head of the European Central Bank, released a landmark report warning that without serious reform, the EU is heading toward what he called a slow agony. Leaders held a retreat to discuss it. Then they went back to their committees.” Future pain is abstract, while the electoral pain of trying to reform things is far more immediate.
“Since 2020, more than 200 companies have moved their headquarters to Texas. Tesla relocated to Austin in 2021. Chevron, one of the largest energy companies on Earth, announced its move to Houston in 2024. Charles Schwab, CBRE, SpaceX. More than half of these relocations came from California alone.”
“These are not satellite offices or mailbox moves. The reason they gave was simple. The regulatory environment in California made expansion too slow and too expensive. Texas made it fast, cheap, and permanent.”
“Spotify was founded in Stockholm, but listed on the New York Stock Exchange. Skype was built in Estonia and Luxembourg, then bought by Microsoft and absorbed into Redmond. ARM was designed in Cambridge, England, then acquired by a Japanese conglomerate and listed in New York. Europe keeps building the talent. America keeps cashing the check.”
“Beneath the growth stats and the corporate migrations, there’s one factor that explains this gap better than anything else: Energy. Texas produces more energy than almost any country on Earth. Not other American states, actual nations. Between 2007 and 2023, while the rest of the United States saw energy consumption drop by about 5%, Texas went in the other direction. Energy use in the state climbed by 21% and the industrial sector alone saw a 28% jump in demand. This was not a state focused on conservation or cutting back. Texas was building oil rigs, refineries, chemical plants, and massive wind installations, all at the same time.” Those wind farm installations were the result of subsidies, and they’re not really building new ones anymore.
“The reason Texas could pull this off comes down to one decision made decades ago. Texas built its own power grid, specifically to escape the slow motion gears of federal regulation. The result, solar capacity that grew 32% in just 2024, wind generation that leads every other American state, and a massive natural gas fleet running underneath it all to keep the lights on when the sun goes down, cheap, abundant, predictable, and fast to build.” Again, the solar build-out was aided by subsidies.
“For decades, the European energy models rested on one assumption. Buy cheap gas from Russia, build out renewables slowly, and keep industrial costs manageable. When Russia invaded Ukraine in 2022, that assumption collapsed overnight. Wholesale energy prices went vertical. Industrial electricity costs in Germany suddenly hit three to four times what businesses in Texas were paying for the exact same power.”
“Look at what happened to BASF, the largest chemical company in the world. For over 150 years, their home was Ludwigshafen, Germany, a sprawling industrial complex on the Rhine that employed tens of thousands. After 2022, they announced billions in cuts to that site. Plants shuttered, thousands of jobs gone. But BASF didn’t disappear. At the exact same time, they were breaking ground on new facilities in Freeport, Texas. Same company, same products, two completely different decisions driven entirely by the price of electricity.” Probably not just electricity. Union work rules in Germany are considerably less flexible than those in right-to-work Texas.
“France tried to escape this trap by leaning into nuclear power, which once covered 75% of French electricity needs. But that infrastructure is aging. New reactor projects like Flamenville have run tens of billions over budget and more than a decade behind schedule, and the political will to build more has been stuck in debate for a generation. The old Russian gas model is dead. The nuclear renaissance has not arrived. And permitting a single wind farm in the EU can take 7 to 10 years.”
“In Texas, the same process often takes a few months. Energy prices act like a hidden tax on everything from manufacturing steel to running a server farm to heating a bakery. European businesses pay that tax every single day. And Europe does not have the gas, does not have the grid independence, and does not have the permitting speed to change that.” Actually, Europe does have oil and gas reserves it refuses to develop.
“Cheap energy is a huge piece of the puzzle. But the real accelerant for the Texas economy has been something even harder for Europe to copy. And it starts with one number. The average top personal income tax rate across 35 European countries is 38.5%. In Denmark, that number hits a staggering 60.5%. In Germany, France, and Italy, high earners face rates between 45 and 50%.”
“In Texas, the state income tax rate is zero. It’s always been zero, and the Texas Constitution actually makes it illegal for the state to introduce one without a direct vote from the public. This is not a temporary policy that a new government can reverse after the next election. It’s locked into the foundation of the state.”
“Texas still has high property taxes, so the total burden on a normal resident is not as dramatic as that 0% headline suggests. But for the people these economies are competing over, the math is brutal. A senior software engineer in Munich earns roughly €75,000 and takes home about $45,000 after income tax and social contributions. The same engineer in Austin earns $140,000 and takes home over $105,000. same skills, same screen, more than double the money in their pocket at the end of the year. Between 2020 and 2024, Texas startups pulled in over $46 billion in venture capital. In Q1 2025 alone, Texas tech companies raised nearly $3 billion, the biggest single quarter the state had seen in over 2 years, with massive deals in cyber security, defense tech, and biotech.”
“Compare that to the other side of the Atlantic. The entire European Union raised about $17.5 billion for AI funding in all of 2025. The US raised nearly $70 billion for generative AI alone by midyear. Not total tech, not all venture capital, generative AI alone. These two regions are not competing in the same category.”
“The EU’s regulatory framework was designed to protect consumers and level the playing field. GDPR [General Data Protection Regulation], the AI Act, 27 different national compliance regimes stacked on top of each other. The intentions were sound, but the unintended result is that the compliance costs favor massive American companies like Google and Microsoft, who can absorb them easily over smaller European rivals who can’t.”
“None of this means Texas has it all figured out, because the truth is it hasn’t. The most visible problem is housing. In 2019, a median Texas family earned 62% more than they needed to buy a median home. By 2023, that cushion had collapsed to just 7%. Not 62%, 7%. Over a third of Texas households now spend more than 30% of their income on housing.” That’s a national problem, partially engendered by the Flu Manchu shutdowns, partially by restrictive local building codes. “Affordable housing” blather snipped, since this is just more unnecessary government subsidy and intervention.
“The workers who actually build the Texas economy, the Tesla line workers, the nurses, the warehouse staff, can’t afford to live in the cities their labor is building anymore. They commute in from further and further out, and the roads, the housing, and the services all fall behind.” Partially true, partially false. Austin housing prices exploded, but have come down dramatically. Dallas and San Antonio prices spiked, then plateaued. Houston prices have continued climbing, but gradually.
“When a place grows this fast, the infrastructure simply can’t keep up.” True of Austin, less true of Houston, though having to rebuild certain interchanges is making things a nightmare for certain commuters.
Discussion of energy grid problems and the 2021 ice storm snipped, since I think we’ve covered those enough here.
“The problems in Texas are the problems of a place growing too fast. The problems in Europe are the problems of a place that is barely growing at all. In that sense, Texas and Europe have something in common. Both are stuck. The difference is that Texas is gridlocked because too many people are trying to get to work. Europe is gridlocked because too many committees are still deciding whether to build the road. Right now, Texas has its sights set on overtaking France, a G7 nation. At current growth rates, that gap closes faster than most people realize. And France’s response, like the rest of Europe’s, has been to wait and see.”
“The real question isn’t whether Europe can change. It’s whether it actually wants to change badly enough to feel the pain that comes with it. Because while Brussels is still writing the rule book, the game is already over for the economies Texas has already passed. The ones still in its path just haven’t checked the scoreboard yet.”
Left out of this coverage: Texas has a constitutionally mandated balanced budget, while the overwhelming majority of European nations keep running budget deficits to keep their cradle-to-grave welfare states afloat.
Not to mention a government run by Republicans rather than unstable coalitions including the Greens…
Last week brought two developments in the EPIC City saga of attempts to build an “sharia city” west of Dallas. They were touched on in Friday’s LinkSwarm, but I’m going to recap them here as well, since they set the stage for today’s news.
Attorney General Ken Paxton has obtained a court order halting actions by an EPIC City-linked municipal utility district.
The case centers on allegations that the Double R Municipal Utility District No. 2A has been used to advance a controversial development project organized by the East Plano Islamic Center by skirting state oversight and standard MUD-creation procedures. The project, originally known as EPIC City, has been rebranded as the Meadow.
Judge Christine Nowak’s order blocks the district and its board from taking further steps to support the development while the litigation continues.
The state’s lawsuit focuses on a 2025 special meeting where the Double R MUD board allegedly resigned en masse, installed new directors at a remote roadside location identified only by GPS coordinates, and then quickly voted to annex more than 400 acres tied to the EPIC project.
We covered that bit of shady MUD shenanigans here.
State lawyers say that maneuver effectively transformed the MUD into a vehicle for EPIC City’s backers, allowing them to expand taxing authority and infrastructure support without going through the process of forming a new district.
After the annexation, regulators requested documents to confirm that the new board members met legal requirements to hold public office and levy taxes on residents inside the district.
According to the suit, records submitted by Double R MUD showed the individuals did not meet statutory qualifications—a finding the attorney general’s office said casts doubt on every action the board took, including the EPIC City annexation.
The state is asking the court to remove the disputed board members, unwind the 402.5-acre annexation tied to EPIC City, and restore what Paxton describes as lawful governance of the utility district.
Hunt County officials unanimously rejected plans for a controversial Muslim community originally known as EPIC City and rebranded as The Meadow, citing technical, regulatory, and legal deficiencies in the plat application.
Other than that, I’m sure it was fine…
During a meeting on Tuesday, Hunt County commissioners adopted a resolution “disapproving” the plat application submitted by developers of the subdivision, which was planned as an expansion of the East Plano Islamic Center (EPIC).
Plans include up to 1,000 residences plus a mosque, school, and other amenities catering to Muslim families, located on more than 400 acres in unincorporated areas of Hunt and Collin counties.
Residents in both counties—and across Texas—have objected to communities like the proposed EPIC development, which Gov. Greg Abbott and other elected officials have referred to as “sharia cities.”
In addition, Attorney General Ken Paxton sent letters urging Collin and Hunt officials to reject EPIC’s plat applications while he sues the developers and related entities over alleged fraudulent activities surrounding the project.
Now comes news that another court order has blocked the utility district hard:
A state court judge in Collin County has temporarily blocked further actions by a utility district slated to service the controversial planned community known as EPIC City or The Meadow.
The court previously issued a temporary restraining order against the Double R Municipal Utility District No. 2A of Hunt and Collin Counties, which the state says appointed ineligible directors who then annexed the proposed Islamic development into the MUD.
Annexation into an existing MUD allowed developers to skirt new state regulations surrounding the creation of new utility districts.
On Monday, Judge Christine Nowak of the 493rd District Court in Collin County granted the state’s request for a temporary injunction after all parties agreed that the MUD’s current directors are not eligible to serve.
The question now is who will make decisions on behalf of the utility district going forward, and how that will affect the EPIC development.
“The state is just asking for a pause until we can figure out what’s going on,” Wesley Williams with the Texas attorney general’s office told Judge Nowak. “There’s a lot of secrecy surrounding this board.”
Texas Water Code authorizes the Texas Commission on Environmental Quality (TCEQ) to oversee MUDs, which are special districts granted power to issue bonds and levy property taxes for the purpose of providing water, wastewater, and other services to subdivisions in unincorporated areas of the state.
Snip.
Preliminary development applications have been rejected by Collin and Hunt officials for being incomplete. In both cases, EPIC developers’ submissions included “will serve” letters from Double R.
Such letters are required commitments from service providers that ensure proposed developments will be successful, Collin County’s Director of Engineering Clarence Daugherty testified Monday.
It was Daugherty who notified TCEQ that newly appointed Double R MUD directors might not be eligible, after his office reviewed EPIC’s initial application submitted late last year.
He testified that subsequent filings have continued to include Double R MUD as a service provider.
Due to the acknowledged ineligibility of the MUD’s current directors, the validity of those service commitments is now in question, which may delay development approvals needed for the EPIC City project to proceed.
“Delay” or completely destroy.
Williams explained to the court that the state’s Water Code establishes eligibility requirements for MUD directors.
Five new Double R directors—Yaneli Molina, Hatim Mahmoud Yusuf, Nadeem Ashraf Khan, Asim Hussain Khan, and Faisal Abbas—were purportedly appointed during a September 12, 2025, meeting in which the previous board members resigned.
What do you think the odds are that particular slate wins an actual MUD election in exurban/rural Texas?
Molina’s attorney said Monday his client had resigned on March 19, and she signed an agreement in court to abide by the terms of the injunction.
Williams argued that none of the new directors met the eligibility requirements and concluded they thus had no authority to accept the resignations of the previous directors or to approve annexing the EPIC City property into the utility district.
I’m going to guess that none of those “directors” actually live within the boundaries of the MUD.
He asked the court to “freeze the status quo to just prior to the September 12 meeting.”
The order granting a temporary injunction states that “Double R MUD shall immediately cease all operations and activities until such time qualified directors are appointed by the TCEQ pursuant to Texas Water Code 49.105(c).”
TCEQ Districts Section Manager Justin Taack testified Monday that MUD board vacancies can be filled by the board or by his agency.
Defense attorney Jerry Hall with Mayer LLP said he agreed his three clients, Abbas and the Kahns, were not eligible to serve as Double R MUD directors.
Sounds like pretty much everything about that shady midnight MUD board switch was illegal, wasn’t it?
There are probably times and places you could probably have gotten away with pulling a fast one for a land development deal in Texas, especially if people weren’t paying attention and/or a powerful, well-connected figure wanted the deal to go through. H. Ross Perot Jr. sort of got away with pulling several fast ones in his late 80s-early 90s “Perotville” development north of Fort Worth. The arcana of plats, MUD boards and regulatory filings are very far indeed from the consciousness of most Texans.
But there’s a big difference between getting away with a little land deal hanky panky when you’ve got billions backing you and few people are paying attention, and trying to pull a fast one when the very highest levels of state government, including the Governor and Attorney General, have put your illegal “Sharia City” idea in their crosshairs. (And they had the bad luck of their deal coming to light after the Colony Ridge fiasco raised awareness of questionable land developments run by shady operatives.)
Trying to pull a fast one when every local and state regulatory agency already has you under a microscope is simply epic stupidity. If the people running the East Plano Islamic Center had simply cooled their heels and bided their time, dotted the Is and crossed the Ts on every part of their regulatory paperwork, and sworn up and down that, no sir, we’re not illegally limiting our highly speculative land development to Muslims, they might eventually have gotten the thing across the finish line.
Now they’ll be lucky if some of them don’t end up in prison.
More proof of widespread Biden Administration abuse and fraud uncovered, more news from the Iran war, the Trump Administration fights welfare fraud, LA displays both welfare and voting fraud, more lefty sorts stealing funds to feather their own nests, Muslim EPIC City development runs into more roadblocks, and some weird video game news.
It’s the Friday LinkSwarm!
Thanks for everyone who contributed to the Pay For Buddy’s Vet Bill Fund. He’s already doing so much better that you can’t tell he was hurt, though some of that is probably the pain pills.
Newly released records in the Senate investigation into the weaponization of government raise questions about whether the FBI went on a fishing expedition targeting Trump advisors who were never charged with crimes and whether Special Counsel Jack Smith’s prior testimony to Congress was truthful.
The documents were made public by Chairman Chuck Grassley, R-Iowa, before a Senate Judiciary Committee subcommittee hearing into alleged abuses by the Biden-era FBI and Justice Department in their investigations into then ex-president Donald Trump before and during the 2024 presidential election during its probe code-named “Arctic Frost.” Just the News previously reported that Biden’s FBI paid anti-Trump ‘Sedition Hunters’ as informants in the Arctic Frost probes.
“If Watergate taught us anything, it is that even a single abuse of power carried out by a handful of individuals can shake the foundations of our Republic,” said Sen. Ted Cruz, R-Tex., Chairman of the Judiciary Committee’s Subcommittee on Federal Courts, Oversight, Agency Action, and Federal Rights.
“What we confront today, the Biden administration’s Arctic Frost scheme, is not a single act,” he continued in his opening remarks. “It is a modern Watergate trading a break-in at one office for a digital sweep into approximately 100,000 private communications, more than a dozen senators and 1000s of individuals lives.”
Cruz said that ultimately, “just like Watergate,” the judges, FBI and Justice Department officials involved should be “investigated, tried, impeached, and brought to justice.”
The scope of Smith’s probe, which centered on Trump’s challenge to the 2020 election results and the events of January 6, 2021, was truly expansive. Grassley previously released records showing that Smith’s office issued nearly 200 subpoenas in his sweeping Arctic Frost-linked case, secretly seeking records on more than 400 Republican personalities and groups. This included more than 160 Republicans–many closely connected to Trump.
The Arctic Frost was one of four separate probes that targeted Trump and his allies stretching from summer 2016 to January 2025. The other probes were code-named Crossfire Hurricane, Round River, and Plasmic Echo, Just the News reported earlier this month.
As FBI Director, Patel has personally led the effort to review those probes, uncovering evidence of a far-reaching dragnet that in some cases may have been predicated on false, misleading or uncorroborated justifications, officials previously told Just the News.
The newly-disclosed records show that the FBI ordered two sweeping subpoenas of FBI Director Kash Patel’s phone records, while he was a private citizen in Trump’s orbit. Each subpoena covered an approximately two-year time frame.
The FBI’s requests for information included demands for highly personal data of Patel’s, including Patel’s addresses (“mailing addresses, residential addresses, business addresses, and e-mail addresses”), a “call detail record” which lists inbound and outbound calls, text messages and voicemail messages, as well as sources of payment for the phone service, including credit card and bank account numbers. The FBI also demanded expansive internet session data including exact IP addresses, the document shows.
The FBI also sought–and was granted–non-disclosure orders (NDOs) from federal judges, shielding the existence of the subpoenas from Patel and his lawyers on the grounds that revealing them could result in his “flight from prosecution, destruction of or tampering with evidence, intimidation of potential witnesses and serious jeopardy to the investigation.”
Susie Wiles, Donald Trump’s then campaign manager and future chief of staff, was also targeted in the probe. The Biden-era FBI reportedly even went so far as to record a private phone call between Wiles and her lawyer in 2023 while she was actively managing the campaign of President Joe Biden’s chief political rival, according to Reuters.
U.S. intelligence intercepted Ukrainian government communications discussing a plot to route hundreds of millions of American tax dollars earmarked for clean energy in the war-torn country and move them to the United States to enrich then-President Joe Biden’s 2024 re-election campaign and the Democratic National Committee, according to a declassified intelligence report summarizing the intercepts that was obtained by Just the News….
‘The Ukrainian Government and unspecified U.S. Government personnel, through USAID in Kyiv, reportedly developed a plan that would provide hundreds of millions of US taxpayer dollars to fund an infrastructure project for Ukraine that would be used as a cover to send approximately 90% of funds allocated to the DNC to fund Joe Biden’s reelection campaign,’ the declassified summary of the intercepts stated.
Every American involved in the scheme should be prosecuted. Still doesn’t justify taking Russia’s side in their illegal war of territorial aggression.
Long overdue: “Trump Administration Launches Whole-of-Government Effort to Fight Welfare Fraud.”
Vice President JD Vance and Federal Trade Chairman Andrew Ferguson convened members of the administration’s newly created anti-fraud task force on Friday to lay out the administration’s hopes for rooting out fraud in public programs across the country.
Established by President Trump via executive order earlier this month, the task force includes newly confirmed fraud-focused Assistant Attorney General Colin McDonald and spans multiple government agencies tasked with implementing new fraud detection and reporting protocols, investigating Biden-era policies regarding fraud prevention, proposing new legislative and regulatory tools to combat fraud, and prosecuting illegal behavior when necessary to recover as much in improperly obtained funds as possible.
According to a task force memo authored by Vance and Ferguson and shared with National Review, the White House will focus primarily on high-spend, low-verification programs that “pay out large sums of money with low confidence or limited information about the ultimate recipients and uses of those funds.” Key programs that fall into this category include benefits administered through Medicare, Medicaid, the Supplemental Nutrition Assistance Program, and Small Business Administration loans.
The task force divides fraud into four main categories, according to the memo. The first category is so-called “ghost” billing where there is no real beneficiary and no real service provided, a prime example being a fake business that applied for Paycheck Protection Program relief during the Covid-19 pandemic. The second category are low-quality services provided to real beneficiaries, such as substandard medical care provided to elderly patients at nursing homes or memory-care facilities.
The third category is “upcoding” or “overbilling,” where fraudsters hand patients manipulated bills. “When hospitals commit fraud, for example, there are often real patients receiving necessary hospitalizations but with exaggerated diagnoses purporting to justify more expensive services than the patient actually needed or received,” the memo reads.
And the final category outlined by the task force is “necessity” fraud, where a real service is provided to an unqualified beneficiary. “Medicare fraud, for example, often involves real doctors giving real people treatments they don’t need, such as a person who can walk getting a wheelchair or a patient getting a lab test they don’t need,” the memo adds.
During a brief news conference on Friday, the vice president spotlighted egregious practices by autism daycare programs in Minnesota, where earlier this month one defendant, a Somali man named Abdinajib Yussuf, pleaded guilty to one count of wire fraud in a $6 million Medicaid reimbursement scheme.
“The first tragedy is that you have people who pay into the federal government, who pay into the IRS, who pay their taxes, expecting that those taxes will go to help their fellow citizens, and it’s not going to. It’s going to help fraudsters,” Vance said in remarks to the press before leading a closed-door strategy meeting with cabinet members and other senior administration officials working on the effort.
And the more important tragedy is that you have families who need these services who are unable to get them because people are getting rich off of fraud schemes, instead of making sure that autistic children and their families get access to these resources,” he added.
The task force has already cracked down on blue states and cities like Los Angeles, where the Centers for Medicare & Medicaid recently suspended 70 home-health providers and hospice centers identified as high-risk fraudulent medical programs.
Another target is also Minnesota, where federally funded nutrition-assistance fraud and state-agency-related mismanagement ran rampant during Democratic Governor Tim Walz’s tenure while somehow failing to disqualify him from Vice President Kamala Harris’s running-mate shortlist. The White House paused $259 million in federal Medicaid payments to Minnesota earlier this month as part of the administration’s response to the state’s baffling degree of fraud.
Over the coming months, task force members are also looking to highlight lax verification protocols at the state level that amplify this problem, particularly in states run by Democrats.
“I think that most citizens probably assume that there’s some verification process that takes place for the receipt of most federal benefits,” said White House Deputy Chief of Staff for Policy Stephen Miller. “The reality is that there is not. This is particularly true in blue states — willfully true in blue states in which all of these programs are operating entirely on the honor system, no verification takes place before individuals are enrolled in or receive these benefits.”
“Vance’s Anti-Fraud Task Force Suspends 70 Hospices in Los Angeles. The Senate also confirmed federal prosecutor Colin McDonald to lead the DOJ’s anti-fraud division.”
Yesterday the Telegraph told us about a “sinister new power” pulling the strings in Iran: “Ahmad Vahidi is the key cog in the regime’s chain of command.”
Unlike [Mohammad Bagher] Ghalibaf, Vahidi has remained in the shadows since the war. This is not without reason: our analysis suggests he is likely to be operating as the key cog in the regime’s chain of command and his survival is essential to its continuity. Long before the war, Ali Khamenei had entrusted Vahidi to draw up plans to further militarise the regime. If he outlasts this conflict and the regime survives, he will finally be able to implement this vision – a design that will produce a far more radical and extremist Islamic Republic.
Vahidi has unmatched experience and influence across the regime’s military, intelligence, and bureaucracy. His career began in the 1980s in the IRGC’s Intelligence Bureau, made up of the regime’s most ideologically loyal operatives. As the IRGC’s deputy for intelligence, he was hand-picked to join a secretive cohort to accompany Khamenei to visit North Korea – a trip designed to acquire missile and nuclear technology.
During the Iran-Iraq War (1980-1988), Vahidi was also one of the original members of the Ramadan Headquarters, a unit within the IRGC created to form Islamist terrorist groups globally and overseen by Khamenei.
Upon assuming the supreme leadership in 1989, Khamenei created the notorious Quds Force – the IRGC’s extraterritorial terror branch – and appointed Vahidi as its first commander. It was a testament to his loyalty. Vahidi demonstrated in that role that his vision to export terrorism was far more global than his notorious successor Qasem Soleimani.
Under Vahidi’s command, the IRGC orchestrated the bombing of a Jewish cultural centre in Argentina in 1994, the 1996 Khobar Towers attack in Saudi Arabia, and secretly dispatched operatives to Europe to train Islamist Mujahideen – including members of al-Qaeda – during the Bosnian war. This résumé would earn him a spot on Interpol’s wanted list in 2007.
Today:
🚨🇮🇷BREAKING: General Ahmad Vahidi who was appointed as commander-in-chief of the Islamic Revolutionary Guard Corps (IRGC) on March 1, 2026, reporadaly has been ELIMINATED in U. S. & Israel strikes. pic.twitter.com/7wuxWVRV6X
US signals to allies no ground invasion coming, with thousands of troops still en route: Iran denies requesting Donald Trump’s 10-day halt; Israel attacks steel & industrial sites. Also, Khondab Heavy Water Research Reactor, part of the Arak Nuclear Complex, targeted. Yellow Cake factory in Yazd province hit.
Escalation on all fronts: IRGC HQ targeted by US-Israsel; Iran signals expansion by naming UAE targets, hitting Kuwait ports and sending drones on Riyadh. Iran newly warning it will hit Gulf industry.
Rubio tells G7 foreign ministers war will continue for another 2-4 weeks.
Israel doubles down amid reports of manpower strain: IDF chief warns of manpower pressure even as Defense Minister Katz vows to “intensify and expand” strikes.
Risk rises that Iran is holding back more advanced missiles for a prolonged war: WSJ writes “The US and Israel are pounding Iran’s missile-launching sites… But Tehran’s missiles keep flying.”
The last seems tinged with ZeroHedge’s usual Iran war pessimism. Ever fewer missiles have been flying as time goes on, and the places they’re manufactured have been hammered.
“Iranian Atomic Energy Organization: US and Israeli airstrikes target uranium processing plant.” Good. Bomb every nuclear-related facility twice-over, then make the rubble bounce.
A special House Ethics Committee found Representative Sheila Cherfilus-McCormick guilty of 25 total ethics violations, after a three-year investigation into allegations that the Florida Democrat stole millions in federal relief funds.
Following a seven-hour televised trial, members deliberated through the night before voting, finding Cherfilus-McCormick guilty of almost all the charges against her — 25 of the 27.
“I’m as pure as the driven snow!” denials snipped.
In November, a federal grand jury indicted Cherfilus-McCormick, alleging she stole $5 million from the Federal Emergency Management Agency. Cherfilus-McCormick’s family operates a health care company, Trinity Healthcare Services, and received FEMA funds for a Covid vaccination contract.
According to the DOJ, the $5 million payment was an overpayment, and the congresswoman and her brother never paid back the funds to the government. Rather, the pair funneled the funds through various accounts and used the money to back Cherfilus-McCormick’s 2022 special election campaign, which she ultimately won.
Snip.
Cherfilus-McCormick and her siblings “funneled more than $500,000 originating from Trinity into various outside organizations that made expenditures on behalf of the campaign,” Sydney Bellwoar, the committee’s lawyer, said.
Further, Bellwoar said “the most egregious example” was when Cherfilus-McCormick received $2 million directly from Trinity Health into her campaign in July 2021, to forge the appearance of a robust campaign infrastructure.
Seize everything she owns to pay back and sentence her to extended prison time.
Sen Rand Paul offers up a simple, elegant solution that Democrats will fight tooth and claw against:
DataRepublican says that John Thune is trying to pull a sneaky maneuver to kill the SAVE Act.
Hello Senator Thune,
Let’s expose what you’re really doing with “reconciliation.”
You announced it yesterday, eleven months after the House passed the SAVE America Act. You’re not trying to pass this bill. You’re trying to kill it in a way you can blame on process.
Here’s how we know:
Reconciliation requires the Senate parliamentarian to rule that provisions are “budgetary.” Citizenship verification is not budgetary. Photo ID mandates are not budgetary. The parliamentarian will gut the bill. Then you’ll shrug and say “we tried.” We see through you.
Meanwhile, you WON’T use the tools that actually work:
Rule XIX limits each senator to two speeches per legislative day. Keep the Senate in continuous session, file cloture daily, and the filibuster exhausts in ~12-20 days. You dismissed it as “complicated.” Because if you tried and succeeded, you’d have to actually pass the bill.
Harry Reid nuked the filibuster in 2013 when he wanted results.
Mitch McConnell changed Senate rules THREE times and canceled the August recess.
Chuck Schumer used reconciliation within months on a 50-50 Senate.
You have 53 seats. You’ve changed nothing, canceled nothing, and waited eleven months.
Now let’s talk donors:
• Goldman Sachs: $150K to you – top H-1B user
• Google: $75K – lobbies against E-Verify
• Meta: $72.5K – Zuckerberg’s FWD[.]us pushes mass immigration
• Wells Fargo: $90K – banks undocumented immigrants
Same corporations sponsor Punchbowl News, where you sit for “Fly Out Days” which nobody watches except Congress staffers and K Street lobbyists who pays premium bucks for legislative intelligence. Their reporter then telegraphs to the audience the SAVE Act “will ultimately fail.”
Corporate money flows to you AND to the outlet that frames your inaction as inevitable.
We see the loop.
You called grassroots anger a “paid influencer ecosystem.” YOU are the paid influencer. You take the wrong side of a 80% issue because you are indistinguishable from a K Street mouthpiece, and an ineffective one to boot who won’t bend the rules to get anything passed.
What we want:
1. Force a real talking filibuster.
2. Stop hiding behind process.
3. Pass the SAVE America Act.
YOU will become the reason that we will have our butts kicked in midterms. Not Candace Owens, not Nick Fuentes, not anyone else. You and you alone, and all because you want to make the 200 or so viewers of Punchbowl Fly Out Days happy. You’re living in a K Street information bubble, addicted to the comforts and praises of lobbyists masquerading as journalists. You mistake the steak and martini dinners you get invited to as your own constituents.
You are not “moderate.” The SAVE America Act has 98% support among Republicans. Name one other thing that has 98% support. You are an extreme minority who prides himself on being a calm leader, when in reality you are well in the running for the most ineffective Majority leader of all time.
Prove me wrong. Do the bare modicum of effort. Not symbolic. Actual effort. Cancel the recess. Get SAVE America Act passed.
Paid activists in Los Angeles, California, have been caught on hidden camera paying homeless people on skid row to forge signatures of registered voters on ballot initiatives.
O’Keefe Media Group (OMG) released part Two of its undercover investigation into the Democrats’ blatant election fraud operation in L.A. on Tuesday.
California’s Republican gubernatorial frontrunner Steve Hilton commented on X: “They paid homeless people cash and drugs on Skid Row to forge your signature. Your name. Your vote. Stolen by a crackhead with a clipboard — while Gavin Newsom looked the other way.”
Hilton added: “This isn’t a conspiracy theory. It’s on tape. And not one Democrat is outraged. That’s because THEY DID IT ON PURPOSE.”
Part One showed petitioners offering cash to homeless people and drug addicts for their signatures. The shocking new video shows the activists, armed with printed lists of voter names and addresses, taking the scheme to another level.
“Fraudulent petitioners on Skid Row are now paying the homeless people to forge names, forge addresses and forge signatures of registered voters,” O’Keefe says at the beginning of Part Two.
Rather than registering the Skid Row denizens to vote, activists gave them $2–$3 in cash to commit forgery and election fraud in what OMG called “a coordinated system.”
O’Keefe stated that the operation was observed on nearly every street corner in downtown Los Angeles.
“The scheme appeared to be present in whatever direction we walked,” he noted.
The goal of the operation, according to OMG, is to “ensure the information matches official records so he signature passes verification.”
The workers handed out post-it notes with the names of a single voter written on them to each of the homeless dupes.
Lots of “activists” need to go to prison.
“‘Not a done deal‘: Democrats start to sweat over Virginia’s redistricting referendum. The unique nature of the April special election and the state’s recent redistricting history have presented challenges for Democrats, even as they hold a financial edge in the race.” “Some supporters of the Virginia referendum acknowledge the challenge of convincing voters to back a gerrymandered map when Democrats, who several years ago backed the formation of the state’s bipartisan redistricting commission, have criticized Republicans for similar moves.” Ya think? (Hat tip: Sarah Hoyt at Instapundit.)
Democrats have been hyping their wins in very specialized races. And the Left has been declaring that it’s going to finish devouring and digesting the Democrats.
On paper, it should be looking good. The public is dissatisfied. The Left’s program of socialism disguised as economic populism and antisemitism disguised as anti-Zionism should be selling. Except the Illinois wipeout suggests it’s not.
Again, on paper Obamaville, where the dead vote and the unions run everything, should have been a good choice. Plenty of leftists have been elected here. And the Democrat primaries in many urban areas are virtually owned by the Left.
But 6 potential Squaddies, including two Muslim candidates, lost Democrat congressional primary races.
The media and the Left (but I repeat myself) are blaming AIPAC and the newly combative pro-Israel lobby, which sees itself being NRA’d out of the Democrats, is happy to take credit, but its results were mostly mixed.
So what does explain the Left taking a beating in primaries it should have been able to dominate?
Despite all the anti-ICE hysteria, radicalism fatigue may be setting in. Enough Democrat primary voters showed no interest in voting for the ‘podcast class’, the Bernie Brats, Hamas fan girls and the rest of the radicals.
The Left was hoping that Mamdani’s victory was a bellwether, but just like Obama’s win what it really showed was that a smooth radical isn’t supposed to sound like one. Democrats didn’t want. The Bernie people, the Justice Dems and that ilk lost badly in Illinois because maybe radicalism isn’t what the Democrat voter wants right now.
They also hit the Ust-Luga oil terminal in the same general area, and it was still burning 24 hours later. They also hit two oil tankers in the same strike.
But that’s not all! They hit the same Ust-Luga oil terminal again less than a day later. “Russia has lost 40% of its oil export capacity.”
One of Russia’s newest warships, a Project 23550 icebreaker, is now damaged and listing heavily after drone strike.
“U. North Texas Cutting up to 70 Programs in Effort to Trim Deficit” including “women’s and gender studies, LGBTQ studies, Mexican American studies, Africana studies, Asian studies as well as dance, geology and special education.” Most of those sound like they should be killed, and the rest are unnecessary luxuries if no one is taking them.
Attorney General Ken Paxton has obtained a court order halting actions by an EPIC City-linked municipal utility district.
The case centers on allegations that the Double R Municipal Utility District No. 2A has been used to advance a controversial development project organized by the East Plano Islamic Center by skirting state oversight and standard MUD-creation procedures. The project, originally known as EPIC City, has been rebranded as the Meadow.
Judge Christine Nowak’s order blocks the district and its board from taking further steps to support the development while the litigation continues.
The state’s lawsuit focuses on a 2025 special meeting where the Double R MUD board allegedly resigned en masse, installed new directors at a remote roadside location identified only by GPS coordinates, and then quickly voted to annex more than 400 acres tied to the EPIC project.
State lawyers say that maneuver effectively transformed the MUD into a vehicle for EPIC City’s backers, allowing them to expand taxing authority and infrastructure support without going through the process of forming a new district.
After the annexation, regulators requested documents to confirm that the new board members met legal requirements to hold public office and levy taxes on residents inside the district.
According to the suit, records submitted by Double R MUD showed the individuals did not meet statutory qualifications—a finding the attorney general’s office said casts doubt on every action the board took, including the EPIC City annexation.
The state is asking the court to remove the disputed board members, unwind the 402.5-acre annexation tied to EPIC City, and restore what Paxton describes as lawful governance of the utility district.
More: “Hunt County Rejects Plans for Controversial EPIC City. Commissioners disapproved the Islamic development based on deficiencies in the plat application.”
“Monica Cannon-Grant, a Black Lives Matter activist who was named ‘Bostonian of the Year’ by the Boston Globe, was ordered to pay back every dime she stole from her nonprofit, unemployment benefits, and other fraudulent practices, amounting to almost $225,000. U.S. District Court Judge Angel Kelley sentenced Cannon-Grant to four years’ probation, six months of home detention, and 100 hours of community service. Federal prosecutors, however, recommended 18 months in prison. Although Cannon-Grant dodged time behind bars, she must return all of the money she managed to bilk from her nonprofit.” Kelley was appointed by Biden, and I bet if Cannon-Grant hadn’t been a leftwing political activist, she would have received prison time.
Important tip: “Ultra-pure copper” bought from China shouldn’t stick to a magnet. Plus, make sure the Chinese companies you’re buying materials from actually exists…
Just hours after Irish rappers Kneecap blasted the amps and turned a Havana concert into a rave for Code Pink activists chanting anti-blockade slogans, reports claim local hospital went dark and ventilator patients died.
Meanwhile, members of the communist flotilla stayed in 5-star hotels with the lights blazing and AC running.
No one cashes in on capitalism faster than the clowns preaching communism.
The U.S. Attorney’s Office for the Southern District of New York has charged associates of an unidentified U.S. server maker with illegally diverting billions of dollars in Nvidia-powered servers to China.
The U.S. government has been trying to figure out how high-powered chips have reached China without authorization, as American artificial intelligence companies such as Anthropic and OpenAI face challenges from DeepSeek and other Chinese rivals.
In an indictment unsealed Thursday, the U.S. government alleged that Yih-Shyan “Wally” Liaw, Ruei-Tsan “Steven” Chang and Ting-Wei “Willy” Sun worked together to violate the Export Control Reform Act.
The server company’s products containing Nvidia chips “are subject to strict U.S. export controls barring their sale to China without a license,” the plaintiff said in the indictment. “Those controls are in place to protect U.S. national security and foreign policy interests, among other things.”
Artificial intelligence may well be the most important technological development of the coming decade-and that is exactly why the current capital surge around it warrants skepticism. History is littered with transformative innovations that were nonetheless disastrously overbuilt and mispriced in their early phases. Austrian Business Cycle Theory was never a children’s story in which every boom ends with clowns, ashes, and worthless machinery; its real claim is subtler and nastier. When the price of time is falsified-when interest rates are pushed below their natural rate-often proxied, however imperfectly, by modern estimates of the neutral rate-entrepreneurs are encouraged to undertake projects that are more roundabout, more capital-intensive, and more time-sensitive than underlying saving and final demand can actually support. The neutral rate is a policy construct; the natural rate is an economic reality. Some of those projects may still embody genuine innovation.
The problem is not that AI must be fake; it is that a very real technological advance can be financed, priced, and physically built in ways that are wildly uneconomic.
That distinction matters because AI is about as roundabout as modern capitalism gets. This is not a boom in apps and slogans alone; it is a boom in data centers, power, cooling, transformers, specialized semiconductors, fiber, land, and the commodities and construction needed to house and feed all of it. Reuters reports that Alphabet, Amazon, Meta, and Microsoft are expected to spend more than $630 billion combined on AI-related infrastructure in 2026, up sharply from 2025, while separate Reuters reporting says Amazon alone projects roughly $200 billion of 2026 capex. Analysts also expect the hyperscalers’ debt issuance to keep climbing, with BofA lifting its 2026 forecast to $175 billion after Amazon’s jumbo deal and Reuters noting that these firms issued $121 billion in bonds in 2025 versus a 2020–2024 annual average of just $28 billion. In Austrian terms, this is not consumption drunkenness; it is higher-order production marching deep into the structure of capital with a flamethrower and an Excel model.
Snip.
The most charitable case is that AI is a genuine general-purpose technology whose economics are merely messy in the early innings. OpenAI says ChatGPT had more than 900 million weekly users as of late February, and Bloomberg reports OpenAI’s annualized revenue topped $20 billion in 2025 while Anthropic is tracking near that level as well. There are also signs of real productivity gains in narrow use cases, especially coding and selected support tasks. But the bill is arriving much faster than the profits: Bain estimated the industry would need roughly $2 trillion in annual revenue by 2030 to support projected compute demand, yet expected a gap of about $800 billion. That is not a business model; that is a promissory note written in GPU ink.
The more worrying Austrian angle is not simply overvaluation in public equities, but miscoordination in the capital structure. If chips depreciate economically faster than accountants admit, if grid interconnections lag by years, if open models compress pricing power, and if customers love AI demos more than they love paying enterprise invoices, then the industry has a classic ABCT problem: complementary capital arrives in the wrong proportions and at the wrong times. And though not easily captured in formal models, technological history is clear: infrastructure-heavy systems rarely stay that way for long, and early capital often pays the price. The New York Fed warns that r-star is an estimate, not an oracle, but the larger point survives that caveat: if market rates were held too low relative to the economy’s true intertemporal balance, then the resulting investment pattern will look profitable only until bottlenecks, replacement cycles, and cost of capital reassert themselves. Bloomberg reports OpenAI has discussed infrastructure commitments above $1.4 trillion, while Anthropic has announced a $50 billion U.S. data-center push; meanwhile, the IEA has warned of grid-connection queues, transformer shortages, and permitting delays for the power build-out data centers require. A boom can survive many indignities, but not all of them at once.
So: does AI constitute malinvestment? The best answer is that AI almost certainly contains both real innovation and a large malinvestment component.
Barksdale Air Force Base (BAFB), a major U.S. strategic bomber installation in northwest Louisiana, has just experienced an unusually serious series of unauthorized drone incursions over its most sensitive areas.
More than a dozen unsanctioned drones repeatedly swarmed a US Air Force base that is home to a nuclear bomber fleet — and were able to resist efforts to bring them down via jamming technology, according to military officials.
The restricted airspace of Barksdale Air Force Base in Bossier City, Louisiana, was infiltrated by “multiple unauthorized drones” between March 9 and March 15, a base spokesperson told The Post.
The 22-acre installation located east of Shreveport, hosts a fleet of B-52 bombers which can carry out nuclear strikes with “worldwide precision,” according to the Air Force.
As an Air Force Global Strike Command base, Barksdale also plays a crucial role in the Air Force’s nuclear defense capabilities…
Military officials report that more than 12 to 15 unauthorized drones swarmed the base, which hosts the U.S. nuclear B-52 bomber fleet.
The drones resisted jamming efforts, with multiple waves detected.
Snip.
The briefing includes a determination that the drones were different than what the typical consumer could purchase off the shelf. They appeared to be custom built and required “advanced knowledge” of signal operations.
The analysts said “with high confidence” they expected unauthorized drones to continue to operate in and around Barksdale Air Force Base in the immediate future.
“The drone incursions at BAFB pose a significant threat to public safety and national security since they require the flight line to be shut down while also putting manned aircrafts already inflight in the area at risk,” the document said.
Maybe his hatred for the police will finally be his undoing. “Resignation Demands Mount for Travis County DA Garza over Prosecutorial Misconduct Allegations.”
Travis County District Attorney Jose Garza is facing calls for his resignation over accusations that he withheld evidence in prosecuting a police officer for actions taken during a 2020 Black Lives Matter protest in Austin.
“Jose Garza’s habitual misconduct and his lack of prosecutorial experience puts our entire community at risk,” said Austin Police Retired Officers Association (APROA) President Dennis Farris in a statement.
“Felony cases, when properly handled, present opportunities for the innocent to be absolved of serious allegations, for the guilty to be held accountable and for the residents of Travis County to have confidence in the judicial system. In order for these principles to be upheld, Travis County needs a new district attorney.”
Farris was responding to recent revelations about Garza’s prosecution of Austin police officer Chance Bretches.
In 2022, Garza charged Bretches with Aggravated Assault, two years after an anti-police demonstration spurred by the death of George Floyd. During the protest, Bretches fired a “less lethal” bean bag round, resulting in severe injury to a woman who said she was a volunteer providing medical assistance to protestors.
In 2024, Garza brought additional charges against Bretches for Aggravated Assault by a Public Servant, Deadly Conduct, and Assault.
Although prosecutors are required to provide the defense with exculpatory evidence in accordance with a U.S. Supreme Court ruling in Brady v. Maryland and Texas’ Michael Morton Act, Garza did not disclose alleged “secret” meetings in 2023 with city officials to discuss the possibility of charging the City of Austin.
Last week, attorney Doug O’Connell asked Travis County District Court Judge Karen Sage to dismiss the case on the grounds that Garza violated Bretches’ constitutional due process rights and violated the law by not disclosing the meetings or related communications. O’Connell also argued that Garza’s actions are part of a pattern of misconduct.
“This goes to the issue of why dismissing the case is the only solution, because how will the judge ever know whether they turned over all the evidence,” O’Connell told The Texan.
Courts previously sanctioned Garza for withholding evidence in the manslaughter prosecution of two Williamson County Sheriff’s deputies, and an investigator also accused the DA of hiding evidence in the trial of Daniel Perry.
Perry was convicted in 2023 of murdering Air Force veteran and Black Lives Matter protester Garrett Foster. Gov. Greg Abbott pardoned Perry in 2024.
In addition to APROA, the Combined Law Enforcement Associations of Texas (CLEAT) has also called for Garza’s resignation, and the incoming president of the nonprofit Central Texas Public Safety Commission, Jennifer Stevens, told CBS Austin that Garza’s prosecution of police officers instead of criminal defendants is contributing to division between the Travis County District Attorney’s Office (TCDAO) and law enforcement.
“There can be no worse violation of the oath taken by a district attorney than to intentionally deny a defendant a fair trial. It is a direct violation of their constitutional rights,” said CLEAT Executive Director Robert Leonard in a statement.
In December, a Texas appeals court overturned the conviction of Austin police officer Christopher Taylor, who had been prosecuted by Garza over the 2019 shooting death of Mauris DeSilva.
Abbott responded to the new allegations against Garza in a social media post.
“All of this will be taken into consideration when I have the final say on the fate of the police officer. This DA’s failure to prosecute murderers & repeatedly letting dangerous criminals go free, while prioritizing prosecuting police, will have consequences,” wrote Abbott.
The sooner Garza is gone, the sooner citizens can stop dying because he let criminal scumbags back on the street.
“Dallas and Williamson County GOPs to Return to Countywide Voting After Primary Election Day Confusion. At least 13,000 Dallas residents reportedly showed up to the wrong polling place on March 3.”
America’s most prolific serial killers now burns in hell. Kermit Gosnell dies in prison at 85.
A Philadelphia grand jury, in its investigation of Gosnell’s Women’s Medical Society abortion center, labeled it a ‘house of horrors’ and initially sought charges for hundreds of murders of babies born alive and then killed.
Charges were ultimately limited to seven murder counts ‘after pressure from senior political and law enforcement officials,’ according to accounts from those covering the case.
The facility functioned as a ‘pill mill by day and an ‘abortion mill’ by night,’ federal authorities noted….
Witnesses described shocking details: Baby A was large enough that employees took photos after the killing, with Gosnell joking the baby was ‘big enough to walk around with me or walk me to the bus stop.’
Other infants showed signs of life, including breathing and movement, before being killed.
Gosnell was also convicted of involuntary manslaughter in the 2009 death of 41-year-old patient Karnamaya Mongar, a Bhutanese refugee who died from an overdose of anesthesia during a botched abortion.
He faced more than 200 additional counts and was found guilty on most, including 21 felony counts of performing illegal abortions beyond Pennsylvania’s 24-week limit and violations of the state’s 24-hour informed-consent law.
Finally. “International Olympic Committee Bans Male Athletes from Women’s Sports.” Pretty soon the only place radical transsexism will still hold sway is among 2028 Democratic Presidential candidates…
The House Select Committee on Governmental Oversight will have over a dozen members, with state Rep. Cody Vasut (R-Angleton) serving as the chair and state Rep. Armando Walle (D-Houston) as co-chair.
The other representatives on it will be state Reps. Richard Hayes (R-Denton), Brooks Landgraf (R-Odessa), Mitch Little (R-Lewisville), AJ Louderback (R-Victoria), Christian Manuel (D-Beaumont), Eddie Morales (D-Eagle Pass), Richard Raymond (D-Laredo), Shelby Slawson (R-Stephenville), Carl Tepper (R-Lubbock), Ellen Troxclair (R-Lakeway, and Erin Zwiener (D-Driftwood).
“Meta to Pay $375 Million Penalty After Jury Finds Company Endangered Children in Landmark Case.”
A jury in New Mexico determined on Tuesday that Meta misled consumers about the safety of its platforms and put children in harm’s way by failing to protect them from sexual predators.
The jury ordered meta to pay a $375 million penalty, significantly lower than the $2.2 billion that New Mexico sought, based on the total number of violations and a $5,000 fine per violation. Meta was found to have violated New Mexico’s unfair-practices act
Adam Savage reorganizes his storage drawers. I’m not saying everyone should watch all 40 minutes of this, but if you have a workshop full of tiny components you have trouble organizing, you might find his method useful.
Tom Scott returns to YouTube after a two year absence. I’m not necessarily super excited for the particular shows he’s returning with (a tour through all of England’s counties, with something interesting in each), but I’ll probably dip into it because I liked his previous work, where he traveled around the world and explained interesting things.
Adobe said CEO Shantanu Narayen will step down after a successor has been appointed, and he will remain as the design software company’s chair. Shares tumbled 7% in extended trading.
Narayen joined Adobe in 1998 as a vice president and general manager, and he became CEO in 2007. Under Narayen, Adobe pushed from software licenses to subscriptions to its Creative Cloud application bundle, and the company is now working to expand through generative artificial intelligence. He sought to acquire fast-growing design software company Figma, but regulators pushed back, and the companies called off the deal, resulting in Adobe paying Figma a $1 billion breakup fee.
Just about every creator using Abode figured the ludicrously overbroad terms and conditions were designed to let Adobe train their AIs on creator’s work, and make them pay for the privilege of doing so to boot.
Narayen, 62, is lead independent director of Pfizer in addition to his responsibilities at Adobe, where he received $51 million in total compensation for the 2025 fiscal year, according to a filing. He owns $118 million in Adobe shares, according to FactSet.
Most CEO’s limit their work to one company enraging their customers.
Adobe shares are down nearly 23% so far in 2026 as of Thursday’s close, while the S&P 500 index is down about 3% in the same period.
Adobe’s stock is more than 60% off its record from 2021 after dropping more than 20% in each of the past two years.
People don’t like companies forcing AI into every crevice of their product line (see also: Microsoft), and they don’t like being forced into a subscription model without any options (ditto).
That previously mentioned lawsuit from Uncle Sam over Adobe making it difficult to cancel subscriptions has been settled. “Adobe agreed to pay $75 million to the Department of Justice and an additional $75 million worth of free service to its customers.”
Here’s Clownfish TV on how Adobe has alienated their own user base:
Kneon: “We’ve been covering Adobe because Adobe’s stock is in the gutter. It’s been declining for the last two years now. Adobe is chasing after AI when their core customer base is made up of creatives, who a lot of them don’t want to use AI, but they’re shoving AI into everything.”
K: “They’ve had some some very aggressive anti-consumer practices. They were apparently training their AI on people’s documents stored in the cloud. Two or three months ago they were going to pull the plug on an industry standard animation software package and people were panicking about that. This company has made nothing but anti-consumer bad decisions for three or four years now, and it finally has caught up with them, and now their CEO is leaving.”
K: “Nobody knows what the hell this company is now.”
Geeky Sparkles: “People can’t trust them. They all, especially animators in those industries, they’re looking for another program to use cuz they were all like it was the standard. Well, now they’re trying to find something else because, you know, they said they weren’t going to take it away as fast as they originally said. But you can’t trust them. They just dropped this on them before. You know, the rug’s going to be pulled out from underneath them.”
K: “AI is happening very quickly, but the people that use your tools, a lot of them afraid of being replaced with AI.”
Adobe’s entire business model has been creating tools for creatives, and now they’re going “Hey companies, you can use our AI tools to completely replace all those expensive creatives!”
K: “Again, what separates Adobe from any other AI platform at this point?”
GS: “This is why you’re going to fail. I’m just going to tell you know what, let me save you a lot of trouble. This is why you fail. Investors want AI. Investors don’t know what the fuck they’re doing. Investors keep hearing AI is the coolest thing ever. And they keep pushing for these things. Like when they hear layoffs, they immediately get excited and invest. It’s not going to go the way you think it is. And especially when it comes to Adobe, when you’re talking about artist software, talking about aggressive AI, it’s probably the kiss of death.”
GS: “When it comes to things like Adobe, you’re going to lose money, and you kind of deserve to lose money, because some things you can’t shove aggressive AI into.”
There’s a place for IA, but Adobe didn’t make it an extra or a stand-alone, they shoved it into everything and said if their users didn’t like it, then tough.
GS: “They basically just came out and said was, ‘Okay, all the stuff you’re relying on, we’re gonna we’re getting rid of.’ It’s really stupid.”
K: “They were like, oh yeah, we’re an AI company now.”
K: “They’re all like, ‘Oh yeah, you gotta subscribe. You gotta subscribe. Subscribe.’ Because they don’t like it when you just drop a couple hundred bucks and you own the thing outright.”
Microsoft CEO Satya Nadella might buy Adobe.
GS: “Hey, I’m not trying to be a dick here. I am going to mention it. Why are all these CEOs sound like they’re all Indian?”
K: “Because they are.” And they seem to be the ones wanting to push AI into everything.
K: “See also Google. See also YouTube. See also…I’m just I’m just saying, you know, it’s statistically significant.”
Like Tulipmania and the South Sea Bubble, AI madness is going to become a cautionary tale of the madness of crowds for centuries to come…
Like fans of a football team that’s already out of the game in the first half, people and corporate entities in tax-and-regulation crazy California have decided to head for the exits while the getting is good.
Once again, the pattern is familiar: raise taxes in California, and watch the private jets head east.
Mark Zuckerberg may soon be adding Miami to his ever-growing list of luxury addresses. According to people familiar with his plans, the Meta founder and his wife, Priscilla Chan, are exploring a home on Indian Creek Island—an ultra-exclusive, heavily guarded neighborhood often called “Billionaire Bunker”, according to Bloomberg.
The tiny island is already packed with famous residents, including Jeff Bezos, Tom Brady, Jared Kushner, and Ivanka Trump.
With an estimated fortune north of $200 billion, Zuckerberg already owns multiple properties across California, Hawaii, Washington, D.C., and near Lake Tahoe. It’s not clear whether Florida would replace any of those homes or just become another stop on his real estate tour.
But the timing is telling. Bloomberg writes that California is considering a new wealth tax aimed at billionaires, including taxes on unrealized gains. The proposal has rattled investors and helped push several tech leaders out of the state. When Democratic policies start biting, it seems many billionaires suddenly “fall in love” with Florida.
Chamath Palihapitiya wrote on X: “With Zuck’s move to Florida, California’s total taxable wealth from billionaires has plummeted to well under $1T from over $2T just a few weeks ago. The loss of this tax revenue was totally avoidable but is now forever. All because Gavin Newsom stood motionless as this stupidly written bill, from a fringe union and a handful of socialist academics with an axe to grind, meandered its way into the public conversation without any action from him and freaked everyone out.”
“These were all people that were paying 13%+ in state income tax every year WITH NO COMPLAINTS UNTIL A FEW WEEKS AGO. And now, for the rest of time, the lost tax revenues from these folks will have to be paid for by the middle class because they are the only group left in California large enough that you can tax to fill the hole.”
The most expensive condo sale in the Las Vegas area closed in early January for $21 million. If the sale of the 5,000-square-foot penthouse about 15 miles from the Las Vegas Strip had closed just a little more than a week earlier, it potentially could have saved the buyer a few hundred million dollars.
“He was looking for a while, and at the last minute, there was a little bit of a hiccup,” real estate agent Ivan Sher told Business Insider of the sale. “He was actually even under contract significantly before then.”
That “he” is billionaire Don Hankey, the chairman of Hankey Group and a lifelong Californian worth a reported $8.2 billion.
Hankey is one of a handful of Californians who have decided leave the state due to the proposed Billionaire Tax Act — a bill that would subject California residents worth more than $1 billion to a one-time tax worth 5% of their assets. For someone like Hankey, that’s about $410 million.
“I just felt a little bit like I wasn’t wanted,” Hankey told Forbes of why he chose to leave California.
Sher, who repped Hankey’s $21 million penthouse sale on both sides as the founder of real estate agency IS Luxury, said that while Las Vegas’ luxury market was already heating up, the news out of California kicked it into a higher gear.
“If people were to ask me what percentage of my buyers were from California, I’d say probably about 25%, and then for the first few years after COVID, that number was closer to 80%,” Sher said. “As soon as that billionaire tax was proposed, the exodus began again — but at a much higher level.”
The Las Vegas metropolitan area had about 331 millionaire households in 2019, according to RentCafe data. In 2023, that number jumped 166% to 879 households.
Natalia Harris has been selling ultra-luxury real estate in the Las Vegas area for the last five years. In that time, she said the definition of “ultra-luxury” has changed in the Silver State.
“Back then, a home that was $10 million was ‘Wow’ for Vegas — that was at the top of the price point,” Harris told Business Insider. “Now we have three new listings that we just brought to market last week that are all between $11 million and $20 million.”
Zain Aziz, the founder of technology firm Atom and one of Harris’ high-net-worth clients, moved to the Las Vegas suburb of Henderson, Nevada, in 2025. He said leaving the high taxes and hectic lifestyle of Silicon Valley behind was bittersweet.
“You don’t really want to get punished if you do good and you create more jobs,” Aziz said. “I believe the Las Vegas Valley has become more and more what’s synonymous with what California used to be — which was free-spirited and ‘Come and achieve the impossible,'” he added.
Aziz isn’t the only one taking his assets elsewhere. Google cofounder Sergey Brin recently spent $42 million on a Lake Tahoe home on the Nevada side, according to Bloomberg. Larry Page, Google’s other cofounder, found a tax haven on the East Coast, buying two properties totaling about $173 million in South Florida.
Billionaire Larry Ellison, who owns homes across the country and the world, bought a handful of properties in Lake Tahoe near the California-Nevada border. He also recently sold his San Francisco home for $45 million in the largest sale in the area in 2025, according to the San Francisco Standard.
But California doesn’t just want to suck the wealth out of residents, it drains the wallets of people who just work there briefly. Like Super Bowl quarterbacks.
Yesterday, the Seattle Seahawks beat the New England Patriots in Super Bowl LX at Levi’s Stadium in Santa Clara, California.
From a financial perspective, each Seahawks player will take home $178,000—payment for that particular game.
Now, given that the Superbowl was played in California—and the players earned money playing in the game— it’s reasonable for the state of California to tax that specific income.
Disagree. Sounds like taxation without representation to me.
But that’s not the way California looks at it.
Instead, the state will go back in time, all the way to the start of the NFL season in September, and take their ‘fair share’ of the players’ ENTIRE salaries over the entire season.
Sam Darnold just WON the Super Bowl…and LOST $71k because it was in California…
This is what’s known as the state’s “jock tax,” in which they tax non-resident professional athletes based on the number of “duty days” they spend in the state—traveling, practicing, attending meetings, or playing in a game.
Both teams arrived in California last Sunday, so each player will log at least eight duty days in the state just for the Super Bowl.
They then divide those California duty days over the entire season, and you end up with a percentage. If a player spends, say, 7% of his duty days in California over the season, then the state claims the right to tax 7% of his entire annual salary— at California’s top marginal rate of 13.3%!
This is pretty crazy given that the players only earned $178,000 for that game.
But in the case of Seattle quarterback Sam Darnold, he’ll end up owing Gavin Newsom roughly $249,000 in state taxes this year.
In other words, Sam Darnold will LOSE over $70,000.
It’s not just people leaving California. The insane regulatory environment has refineries shutting down.
California’s already sky-high gas prices are expected to surge after Valero abruptly shuttered its Benicia refinery amid a spiraling “oil crisis,” a new report claims.
The Benicia refinery began shutting down on Saturday, four months earlier than planned, a former Valero manager told the California Globe Tuesday.
Thermal imaging showed the facility went cold as the Crimson Pipeline – which transports crude oil from Southern to Northern California – was also taken offline.
“We are in an unprecedented oil crisis,” oil expert Mike Ariza told the publication.
Valero Energy Corp. announced its plans last spring to pull the plug on its 145,000-barrel-per-day refinery by April, a move that is expected to send fuel prices skyrocketing and hobble the state’s refining capacity.
Refineries are fleeing the Golden State as regulations drive operating costs 26 to 37% higher than the national average. Chevron moved its operations from the Bay Area to Texas, while Phillips 66 powered down its 140,000-barrel-per-day Los Angeles refinery in October.
Ariza warned that as refineries go dark, more Californians will also skip town, noting that the oil and gas industry supports 536,770 jobs and pumps $338 billion into the state’s economy, the outlet reported.
He said Valero’s accelerated shutdown comes after the company scrapped its crude oil contracts back in October.
“Now, Valero is not even seeking to try and sell the refinery,” Ariza told the outlet in December.
“Even after the state tried to convince Valero to remain open, they elected to shut down. And instead of shutting down in April, they shutdown in January. All due to the state’s egregious regulations and unprecedented unjustified fines.”
Democrat-run California never saw a golden goose it didn’t want to kill.
Texas Attorney General Ken Paxton has issued a sweeping new legal opinion declaring that “Diversity, Equity, and Inclusion” programs rooted in race- and sex-based preferences are unconstitutional in the public sector and expose private companies to significant legal liability.
The 74 page opinion argues that government policies awarding opportunities or benefits based on “skin color or sex” cannot survive strict constitutional scrutiny and should be dismantled across Texas.
An attorney general opinion is a formal written interpretation of the law issued by the state’s top lawyer, typically in response to a legal question about how existing statutes or constitutional provisions should be applied.
Paxton’s office said the opinion targets decades of DEI frameworks embedded throughout state and local government, including programs in public institutions and schools. The attorney general framed the action as a return to equal opportunity and a rejection of what he called “woke, race-based favoritism.”
“This action to dismantle DEI in Texas helps fulfill the vision articulated by Martin Luther King, Jr. when he dreamed that his children would one day live in a nation where they were judged not by the color of their skin, but by the content of their character,” Paxton said. “America is waking up to the egregious unfairness of DEI policies. People should be judged based on merit and the quality of their character and qualifications, not their race, sex, or any other inherent characteristic conferred at birth.”
Seems like apt phrasing for a decision issued on Martin Luther King Jr. Day.
Paxton added that “it’s imperative that all private-sector employers, schools, and state and local government entities—based on this legal opinion—immediately abolish any DEI, affirmative action, or unconstitutional discrimination programs under their authority.”
In the opinion itself, Paxton’s office contends that DEI has evolved into a system in which immutable traits have become “the currency of advancement,” spreading through academia, government, and private industry.
While an AG opinion can carry significant weight for state agencies and local governments—often shaping how officials administer programs and avoid legal risk—it does not, by itself, change the law, repeal statutes, or carry the force of a court order.
It does, however, signal how his office will treat DEI going forward.
If you read the decision, it goes into considerable detail not just on how racial preferences violate the Civil Rights Act of 1964, but the Civil Rights Act of 1866, and the Civil Rights Act of 1875, and the spirit of the Declaration of Independence, and Paxton cites the words of American Founding Fathers such as Thomas Jefferson, James Madison, Thomas Paine and George Mason.
It also fiercely critiques the reintroduction of official support for racial preferences and the introduction of racial quotas under President Lyndon Baines Johnson in the name of “affirmative action,” as well of the slight-of-hand by which temporary solutions to address past discrimination have been transformed into permanent “diversity” bureaucracies. “The rhetoric that diversity is essential for ‘business survival’ continued to take form and brought with it a cottage industry of diversity training programs, networking, and mentoring programs that fixated on the advancement of women and minorities.”
The legal opinion concludes that race- and sex-based preferences in public institutions “cannot survive strict scrutiny and are therefore unconstitutional.”
It also warns that many private-sector DEI practices could trigger liability under Title VII of the Civil Rights Act, the Texas Commission on Human Rights Act, and federal civil rights law, including Section 1981, as well as potential exposure under state and federal securities laws.
A major focus of Paxton’s opinion is Texas’ historically underutilized business (HUB) contracting framework, which Paxton describes as a “pervasive, discriminatory regime” that violates both the U.S. Constitution’s Equal Protection Clause and the Texas Constitution’s Equal Rights Amendment.
The opinion argues the state’s HUB structure defines eligibility and access to government benefits by race and sex, triggering strict scrutiny and creating what it calls de facto quotas through race- and sex-based “targets.”
Plus a slam at current Senate race rival John Cornyn for failing to address DEI when he was Attorney General.
Our nation was founded on the radical notion that all are created equal. Though we have often failed to live up to that promise, it remains as a constitutional lodestar—both in the U.S. and Texas Constitutions. The race- and sex-based, public sector preferences discussed in this opinion cannot survive strict scrutiny and are therefore unconstitutional. Furthermore, a large body of DEI practices in the private sector triggers liability under Title VII, the Texas Commission on Human Rights Act, and Section 1981 in addition to state and federal securities law.
That should be the proper death-knell for DEI in Texas. The question remains how much resistance will Democrat-run blue locales like Austin and Houston, who desperately want to continue discriminating on the basis of race, put up against the ruling, and long will it take private sector entities to fall in line to limit their legal liability?
