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Trump's Blockade Is Breaking Iran... And European Elites Are Angry Authored by Brandon Smith via Alt-Market.us In March I published an article titled βGlobal Energy Crisis Or Iranian Surrender In Five Weeks?β in which I outlined the βworst caseβ and βbest caseβ scenarios for the war in Iran. In my best case scenario I argued in favor of a specific plan to end the conflict quickly: A US naval blockade of the Strait of Hormuz, flipping the tables on Iran by blocking or seizing any oil tankers or gas tankers which exit Iranian ports. Two weeks later, the Trump Administration has implemented this exact strategy. The effectiveness of the blockade is already apparent; the propaganda bots on social media are scrambling to find a narrative to counter it, but they are failing. Why? Because Iran already tried to lock down the strait (which is an international waterway), and any government cheering (or secretly cheering) for Iranβs actions is now unable to make a rational argument against the US doing the same thing to Iran. As I noted in March: βWe constantly hear about international exposure to the Hormuz shutdown, but the media rarely mentions that Iran is the MOST exposed economy of all. For now, Iranian oil ships continue to pass through the strait and these vessels are Iranβs economic lifeline. Strategic estimates suggest that without the steady passage of these oil tankers, the Iranian economy would completely collapse within five weeksβ¦β I then summarized what I believed was the simplest solution to end the war: βIranian cargo ships can be targeted for seizure by a US blockade of the Persian Gulf well away from the narrow waters of the Hormuz. The ships could be destroyed, but I suspect the Department of Defense will try to avoid oil spills and ecological disasters. Instead, the best option is to capture Iranβs tankers and then redirect the oil to countries in danger of shortages. Iran has the option of shutting off GPS tracking for their vessels (shadow fleet), but this would not help them maneuver past a comprehensive US blockade. In other words, I argue that the US could turn the tables on Iran and use their reliance on the Hormuz against them. With Iranβs economy in shambles, they will no longer be able to purchase missiles or drones for resupply from Russia and China. They wonβt be able to pay for logistic resources for their military and they wonβt be able to contain public unrest. The Iranians would be forced to negotiate and the war would be over quickly with minimal risk to US troops.β For now, the US is not seizing Iranβs tankers and is merely sending them back to where they came from. However, it would seem that the Trump Administration and their military advisers have come to the same basic conclusions I did. For years I have expressed my concerns about a potential conflict in Iran, largely because of the precarious global economic risks associated with mass energy shortages caused by a closure of the Hormuz, which transits around 25% of the worldβs energy exports. That said, I do not care about βpicking sidesβ when it comes to Israel or Iran. This debate is irrelevant and designed, I think, to divide US conservatives over ancient tribal vendettas that do not involve us. I donβt care about the Israeli government or βZionismβ and I certainly donβt care what happens to the theocratic and tyrannical Muslim regime in Iran. We have much more important things to think about. What matters to me is how the US and the American people are affected by geopolitical events. There has been endless debate on what the war is really about, whether it be Iranian nukes, Israeli schemes, Saudi schemes, control of global oil markets, etc. (I think every action the Trump Administration has take so far from Venezuela to Iran has largely been designed to contain China). In any case, a long term closure of the Hormuz will eventually result in market cascades and a stagflationary crisis. What matters now is ending the war as quickly and decisively as possible without leaving the Homuz and 25% of global energy exports under Iranβs control. After that, people can wrestle over the βmoral and constitutionalβ quandary to their heartβs content. First, I think itβs vitally important to address some lies and disinformation being spread by propagandists and foreign agents online about the US blockade, so letβs quickly go down the listβ¦ Lie #1: The US Is Blocking All Ships Traveling Through The Strait This is false. The US is only blocking ships coming from Iranian ports. All other ships have been allowed to pass without incident. This lie is being spread by disinfo agents all over social media and it is also being spread by foreign governments from the UK to France to China. This, to me, says A LOT about the true agenda of these countries, given that they said little or nothing about Iran locking down the strait. Lie #2: Chinese Vessels Have Broken The Blockade And The US Is Afraid Nope. All Chinese vessels coming from Iranian ports have been turned away and any vessels coming from alternative ports have been allowed to pass. At the time this article is being published, only one ship from an Iranian port has allegedly slipped through the blockade, though the story on this ship might be fabricated. All other Iranian ships have been repelled. Lie #3: The Blockade Puts US Naval Ships At Serious Risk No, it does the opposite. US ships have no need to traverse the narrow Hormuz to blockade it. All they have to do is wait outside of it and turn back Iranian tankers that approach. No mines, no missiles, no drones, no tiny attack boats, nothing Iran has the ability to deploy has much of a chance of harming the US Navy. In fact, reports indicate ships like the USS Abraham Lincoln (an aircraft carrier) have already been targeted hundreds of times by Iran with no damage taken. There is nothing Iran can do about a comprehensive blockade. Lie #4: Iran Is Used To Sanctions And Can Hold Out Longer Than The US No, they canβt. Only 7% of energy exports going to the US travel through the Hormuz. Iranβs entire economy hangs by a thin thread and that thread is oil exports to countries like China or Vietnam. Iran is reportedly losing around $430 million each day that their ships remain stuck in the strait, and they have already taken around $270 billion in infrastructure damages. Iran pays for new weapons and military logistics with oil revenues. Their soldiers are paid in part with oil revenues. They mitigate civil unrest with oil revenues. I suspect that the blockade will force Iran back into negotiations within a couple weeks. Thatβs how little time they have left. Lie #5: Iran Has Alternative Ways To Bypass The Blockade No, they donβt. Overland routes without ample pipelines are no substitute for the ease of oil tanker shipments. Even if they did have such pipelines, those lines could be easily destroyed. By extension, as Iranβs oil exports stack up they will quickly run out of storage space, which means they will have to shut down drilling. This would cause significant damage to their oil infrastructure within weeks due to pressure differentials. Recent news indicates that Iran has already halted all petrochemical exports until further notice. If true, this proves that the blockade is highly effective. Lie #6: The Chinese Will Intervene And Force The Strait To Reopen As noted, the strait is not closed. Only Iranian ports are closed. Furthermore, China has stayed away from direct intervention in the Hormuz because they simply donβt have the naval capacity to square off with the US even if they wanted to. Keep in mind, only a week ago the Chinese government vetoed a UN resolution to reopen the strait when they thought Iran was going to control it. The CCP is impotent and they can do nothing. Lie #7: The US Is Losing All Its Allies Over The Blockade Wrong. What the blockade (and the war in general) is doing is exposing the countries which were pretending to be our allies when it was convenient. I examined this problem in my last article βThe US Separation From Europe And NATO Is Long Overdueβ, and this brings me to my final point on the war. The fact that the European elites are suddenly so concerned with the US blockade, enough to call for a βcoalitionβ to reopen the strait and βcircumventβ the US, tells us all we need to know. I continue to believe that the globalists in these nations have been feeding off the US while at the same time organizing a βmulticultural allianceβ behind the scenes β A socialist new world order to supplant western civilization and leave the US behind as a husk. Part of this agenda clearly involves a partnership with Islamic fundamentalists as a goon squad to oppress native western populations. This is why the elites have flooded Europe with third world migrants β Ignoring the concerns of citizens and even arresting people who speak out. This is also why the Pope is so adamant to call for a Muslim/Christian pact (while he blatantly ignores the fact that Europeans have been terrorized by Muslim immigrants for over a decade). Letβs not forget that during the pandemic lockdowns, the Vatican joined with the globalists to form the Council for Inclusive Capitalism (run by Lynn Forester de Rothschild). Modern-era Popes are not friends to conservatives or Christians, but I plan to go into that problem in my next article. The blockade, I believe, is so effective that it has struck fear in Iran, fear in China, and fear in the liberal order in Europe which was counting on the war to drag on for months or years. Look at how angry they all are that Trump flipped the script on the Hormuz? Why all the emotion and irrational hand wringing after the strait has been opened to MORE ships and oil traffic? Why all the panic when oil prices are falling? It doesnβt make sense unless they WANT the US to fail. Regardless of how you might feel personally about the Iran war, it is undeniable that the situation has revealed many of our supposed allies as enemies. In reality, they were always enemies. The only thing that has changed is that the truth is finally out in the open. Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge. Tyler Durden Thu, 04/16/2026 - 07:25
Goldman Sachs To Use Options Strategy For Planned Bitcoin Income ETF Authored by Nate Kostar via CoinTelegraph.com, Goldman Sachs has filed with the US Securities and Exchange Commission (SEC) to launch a Bitcoin-linked exchange-traded fund designed to generate income while limiting exposure to the cryptocurrencyβs volatility, according to a preliminary prospectus dated April 14. TheΒ proposedΒ Goldman Sachs Bitcoin Premium Income ETF would aim to deliver current income alongside capital appreciation by investing primarily in spot Bitcoin exchange-traded products (ETPs) and related options, rather than holding Bitcoin directly. The fund would generate yield by selling call options on Bitcoin-linked ETPs, a strategy that can produce premium income but may cap upside in rising markets. According to the filing, the actively managed fund would maintain at least 80% exposure to Bitcoin-linked assets and could allocate as much as 25% of its holdings through a Cayman Islands subsidiary, a structure commonly used to gain commodities exposure under the US Investment Company Act. The fund expects to vary its options βoverwriteβ strategy β that is, selling call options against its holdings β between roughly 40% and 100% of its Bitcoin exposure depending on market conditions, and may distribute a significant portion of returns as income or return of capital. It would gain exposure through a mix of spot Bitcoin ETPs and derivatives, combining direct holdings with options-based positions. The strategy may perform better in flat or moderately rising markets but could underperform during strong rallies as upside is capped. Eric Balchunas, ETF analyst at Bloomberg, described the product as βBoomer Candyβ in a post onΒ X, suggesting the structure may appeal to investors seeking income and lower volatility over full upside exposure. Source:Β Eric Balchunas Separately, Goldman Chair and CEO David Solomon told analysts on Monday that the company last weekΒ closedΒ on its acquisition of Innovator Capital Management, an issuer of defined outcome exchange-traded funds. The addition of Innovatorβs 170 ETFs puts Goldman in the top 10 of global active ETF providers, Solomon said on the first-quarter earnings call. Active crypto ETFs gain traction as strategies evolve beyond price tracking The filing from Goldman Sachs comes as asset managers move beyond basic price-tracking crypto funds, with more complex and actively managed strategies gaining traction across the ETF market. In January, Bitwise Asset ManagementΒ launched an actively managed ETFΒ designed to hedge against currency debasement. The fund allocates across assets including Bitcoin, precious metals and mining equities, reflecting a broader push to integrate digital assets into diversified, macro-focused portfolios. In March, T. Rowe Price amended its filing with the SEC for aΒ proposed actively managed crypto ETFΒ that would invest directly in digital assets. The updated prospectus outlines a portfolio that may include assets such as Bitcoin, EthereumΒ and Solana. Fund issuer 21Shares is alsoΒ expanding into more sophisticated strategies. In February, the companyΒ launched a Europe-listed ETPΒ tied to Strategyβs preferred stock (STRC), offering exposure to a yield-generating instrument linked to the companyβs Bitcoin-focused capital strategy. Speaking to Cointelegraph, 21Shares President Duncan Moir said the shift reflects broader demand for more advanced products, noting that crypto is βparticularly well-suited to active management.β βWhy Active ETFs Are Gaining Momentum as Investors Seek New Solutions.β Source:Β Goldmansachs.com According to a MarchΒ reportΒ compiled by Morningstar and Goldman Sachs Asset Management, active ETFs held nearly $1.8 trillion in assets globally at the end of 2025, with flows significantly outpacing passive products. Tyler Durden Thu, 04/16/2026 - 07:20
New Hungarian Prime Minister Says Borders Will Remain Shut To Immigrants In the wake of Viktor OrbΓ‘n's election defeat, one of the greatest fears among conservatives in the region is an unconstrained EU able to take action on foreign policy, health, and immigration without the threat of a veto.Β It is widely assumed that the incoming prime minister of Hungary, PΓ©ter Magyar,Β will seek a fast resolution of Brusselsβ key issues with Hungary in order to unlock some β¬35 billion in funding.Β His election win was heralded as a substantial victory for the global left wing, from EU globalists to Democrats in the US.Β Their assumption is that withΒ OrbΓ‘n's veto power out of play, they will be able to do they want in Ukraine and in Hungary.Β However, the new Prime Minster may not be as cooperative as they initially believed.Β Β Magyar has stated that he will not try to block aΒ β¬90 billion EU loan to Ukraine whichΒ OrbΓ‘n originally vetoed, but he also stated that Hungary will not be contributing to such loans and that the government will not support any attempt to induct Ukraine into the EU.Β He also announced this week that he will not allow Hungary to join in the EU's "Migration Pact" and that he plans to further strengthen Hungary's borders.Β This includes a continued rejection of the EU's asylum rules, which are widely abused by third world migrants to freely enter Europe and gain access to welfare subsidies.Β Β Β Β Beyond the Ukraine funding veto, it wasΒ OrbΓ‘n's refusal to submit to open borders and mass immigration that caused constant conflict with the EU.Β He was frequently referred to by the political left as a "dictator" and a "fascist" in part because of his strict border policies (even though he is voluntarily leaving office after losing the election, which is not the behavior of a dictator).Β Β Β Ursula von der Leyen, President of the European Commission, attackedΒ OrbΓ‘n regularly for his border controls, stating that Hungary's program to reinforce their borders with walls and barbed wire was in violation of EU immigration standards.Β Β It appears that this will not stop under Magyar. ππΊ HUGE! Magyar PΓ©ter REJECTS the EU Migration Pact: "Hungary will not accept any pact. In fact, I'm going to reinforce the border fence even more." Ursula's European Union cheered for nothing! pic.twitter.com/qndVbTRkIf β Based Hungary ππΊ (@HungaryBased) April 15, 2026 The purpose of the EU Commission is to subjugate member countries through centralized monetary dependency and a series of financial sanctions if they step out of line.Β Financial leverage has been used on a number of occasions by the Commission to force nations to accept ever expanding mass immigration, largely from Muslim fundamentalist populations in countries like Algeria, Morocco, Syria and Afghanistan.Β Hungary is one of the few European nations to resist this multicultural agenda. Without any further comment.ππΊπ€πΊπΈ From President Donald Trump about Peter Magyar: "Heβs a good man. I think heβs going to do a good job." β Magyar PΓ©ter (Ne fΓ©ljetek) (@magyarpeterMP) April 15, 2026 While it is a member state, Hungary is not currently in the eurozone, using its own currency, the Hungarian forint, rather than the euro.Β Β It may be that the EU sees Magyar as an acceptable trade, as long as they get their funding package for Ukraine.Β They probably also intend to play the long game, hoping that once Hungary joins the eurozone they can be manipulated over time using monetary leverage.Β That said, their intentions have long focused on using Hungary as a fresh sponge to absorb migrants, and this is simply not going to happen according to Magyar's post-election declarations.Β Β Β Β Tyler Durden Thu, 04/16/2026 - 06:55
Speculation Explodes Following Disappearance Of 10th Expert With UFO And Nuclear Secrets Authored by Steve Watson via Modernity.news, Following the revelation that yet another government contractor with links to nuclear secrets and suspected dark project UAP information has vanished, speculation as to what exactly is going on has massively intensified. The case of Steven Garcia, a 48-year-old property custodian at the Kansas City National SecurityΒ CampusΒ in Albuquerque, New Mexico, marks the latest entry in a disturbing sequence of deaths and vanishings among individuals connected to NASA, nuclear weapons components, and sensitive aerospace research. Los Angeles Magazine contributor Lauren Conlin joined βJesse Weber Liveβ to discuss the case, noting its eerie parallels to prior incidents. Garciaβs disappearance is being framed as the 10th missing person case in the UFO mystery. The disturbingΒ patternΒ of deaths continues to baffle. Garcia was last seen leaving his Albuquerque home on foot on August 28, 2025, carrying only a handgun. He left behind his phone, keys, wallet, and car. Officials have described him as potentially a danger to himself, but no trace has been found in the remote area where he lived. Conlin emphasized the chilling similarities during the NewsNation segment. βThis one is chilling to me because, as you said it echoes Neal McCaslandβs disappearance. It was like the same thing in the state of New Mexico,β she stated. McCasland, a retired Air Force major general with deep UFO community ties, vanished from the same region earlier in 2026. Garcia held top security clearance at the Kansas City National SecurityΒ CampusΒ (KCNSC), which manufactures over 80 percent of the non-nuclear components for U.S. military nuclear weapons. βSo Stephen Garcia, I mean he had a top security clearance at KCNSC,β Conlin explained. βThey manufacture 80% of non-nuclear components that go into building military nuclear weapons and I mean he oversaw tens of millions dollars of assets, equipment some classified.β She added that Garciaβs role involved handling βsome classified, some not,β leaving open questions about his knowledge base. βWe donβt know what was going on in this guyβs head right, the officials had said that he may have been a danger to himself.β Neighbors noted he lived in a very remote area and worked in aerospace research. Conlin even raised a provocative possibility on air: βI have to wonder, again I know this sounds crazy but it could be an option here is the government doing this? Are they taking out their own people because of XYZ.β The timing adds to the intrigue. Garciaβs disappearance occurred amid heightened congressional scrutiny of UAP (unidentified anomalous phenomena) videos and related programs, including a deadline set by Rep. Anna Luna for the release of specific footage. Multiple individuals onΒ the listΒ of those who have vanished or died worked at or with NASAβs Jet Propulsion Laboratory (JPL), Los Alamos National Laboratory, or Air Force Research Laboratory projects involving asteroid defense, rocket engines, and classified aerospace systems. No official connections have been publicly confirmed by law enforcement between the cases, yet the geographic clustering in New Mexico and California, combined with shared professional networks in nuclear and space tech, continues to fuel speculation. Online discussions on X and Redditβs r/UFOs and related communities have exploded with theories attempting to explain theΒ pattern. Many users point to foreign intelligence operations, suggesting adversaries like China or Russia may be targeting U.S. experts to steal or neutralize knowledge of advanced technologies, including those potentially linked to UAP reverse-engineering programs. Ex-FBI officials have been cited in reports noting that foreign services have long pursued Americans with critical tech secrets. Others speculate a domestic cover-up angle: that insiders with knowledge of classified UAP programs or non-human technology are being silenced to delay or control disclosure efforts, especially as Congress pushes for more transparency on UAP videos and related footage. Some tie the cases to specific projects like advanced alloys (e.g., Mondaloy) or propulsion systems funded through overlapping NASA, DoE, and Air Force channels. A smaller but vocal group questions whether personal factorsβextreme stress from high-clearance work or mental health crisesβcould explain theΒ cluster, though critics argue the sheer number and similarities make coincidence unlikely. Calls for an independent task force or deeper FBI probe appear frequently in threads, with users linking theΒ patternΒ to historical UFO lore around sites like Roswell and Wright-Patterson Air Force Base. Whatever the explanation, the cases underscore ongoing questions about transparency in Americaβs most sensitive scientific and defense programs. As more details emerge on Garcia and the others, the public demand for answers only intensifies. The fullΒ pictureΒ may yet reveal connections that challenge assumptions about how these secrets are guardedβand at what cost. Your support is crucial in helping us defeat mass censorship. Please consider donating viaΒ LocalsΒ orΒ checkΒ out our uniqueΒ merch. Follow us on XΒ @ModernityNews. Tyler Durden Thu, 04/16/2026 - 06:30
Zelensky Goes Full "Lord Of War" As Ukraine Pitches Battle-Tested War Robots To Highest Bidder Ukrainian President Volodymyr Zelensky took the stage and stated that Ukraine's military-industrial base has created some of the world's most advanced unmanned platforms, already deployed against Russia and forever changing how warfare is conducted. "For the first time in the history of this war, an enemy position was taken exclusively by unmanned platforms, ground systems, and drones," Zelensky said in a post on X. The future is already on the front line β and Ukraine is building it. These are our ground robotic systems. For the first time in the history of this war, an enemy position was taken exclusively by unmanned platforms β ground systems and drones. The occupiers surrendered, and theβ¦ pic.twitter.com/qLQKfxPdiB β Volodymyr Zelenskyy / ΠΠΎΠ»ΠΎΠ΄ΠΈΠΌΠΈΡ ΠΠ΅Π»Π΅Π½ΡΡΠΊΠΈΠΉ (@ZelenskyyUa) April 13, 2026 He pointed to a growing number of Ukrainian defense firms, including Ratel, TerMIT, Ardal, Rys, Zmiy, Protector, and Volia, claiming their robotic systems have carried out more than 22,000 frontline missions in just three months. Zelensky's broader message seemed more like a PR pitch for Ukraine's defense firms, which are capable of producing millions of FPV drones annually, as well as deep-strike systems, interceptors, ground robots, and maritime drone boats. βΌοΈ ZELENSKYY: For the first time in the war, an enemy position was captured entirely by ground robotic systems and drones - without any infantry. A robot entered the most dangerous zones instead of a soldier and took the positions. Β«The future is here, on the battlefield, andβ¦ pic.twitter.com/maqECUunEj β Kateryna Lisunova (@KaterynaLis) April 13, 2026 "Ukraine's robots were sculpted by combat. I've seen the video footage of their UGVs taking hostages. This is what future battles will look like," Foundation Robotics co-founder Mike LeBlanc said in a statement. LeBlanc's team is preparing its Phantom humanoid robots for testing and continues to develop militarized humanoid prototypes designed to operate alongside warfighters in high-risk environments. In February, Foundation sent two Phantom MK1 robots to Ukraine for testing, according to a TIME Magazine article. Ukraine's capital markets have been frozen by war, leaving many of the country's battlefield-proven "war unicorns" starved of traditional funding. However, the Middle East conflict has accelerated a new export pathway, as drone warfare and AI-enabled kill chains reshape how militaries think about defense. Reuters has reported that Gulf states, including Saudi Arabia and the UAE, are exploring Ukrainian interceptor drones as a more affordable response to the emergence of Iranian one-way attack drones. At the same time, Ukrainian firms or their European subsidiaries are eyeing U.S. civilian and defense markets to sell their combat-tested systems. The first plausible path into the U.S. market appears to be through affordable counter-drone solutions and other layered air-defense technology. Meanwhile, so-called "experts" cited byΒ The Moscow TimesΒ called Zelensky's X posts "mainly a PR move," but highlighted how robots "are already transforming both tactics and strategy" in the four-year war.Β Zelensky is correct: "The future is already on the front line. Tyler Durden Thu, 04/16/2026 - 05:45
UK Voters Call For Lower Taxes & Energy Bills As Economic Concerns Grow ViaΒ CityAM, According to a new poll, most British voters want lower energy costs and tax cuts to support growth. A large majority rated the UK economy as poor and showed little faith in current progress. Business leaders are also increasingly pessimistic, citing geopolitics and rising costs. British voters want Rachel Reeves to cut taxes and reduce energy costs in order to focus on growth, as a majority of people felt the UK economy was βpoorβ, new research has shown. Polling by Freshwater Strategy for the Institute of Economic Affairs (IEA), aΒ free market think tank, suggested that the vast majority of Brits wanted the Labour government to focus on economic growth more than it currently does.Β The findings back up the Labour governmentβs primary mission, which is toΒ grow the UK economy.Β But respondents in a survey and focus groups suggested that voters supported small-state policies to deliver improved growth, as much of the public was confused about the measurements used by the government to track achievements.Β Polling found that 77 percent believed energy costs should be reduced, while 72 percent backed lower taxes for workers. A slightly lower portion, 66 per cent, backed tax cuts forΒ businesses.Β When faced with a direct choice, Britons backed economic growth even if it led to some environmental damage, while most also wanted energy to be cheaper, even if it meant slower progress to net zero.Β Taxes and energy costs top Britsβ priorities Respondents to the survey of 3,000 voters were also more likely to say thatΒ GDP growthΒ benefited the government more than individuals.Β In a damning indictment, nearly two-thirds of people (65 per cent) rated the UK economy as βpoorβ but overestimated the average wealth of Brits compared to Germans, Australians, and Americans.Β Kristian Niemietz, editorial director of the IEA, said the lack of progress made in the last 18 years βshould be the number one public policy issue of our timeβ.Β βWhile political discourse in Britain may not always reflect it, Britain is clearly not a country that is comfortable with economic stagnation and relative decline,β Niemietz said. βWe still have the social expectations associated with a growing economy. What we do not have is the economic performance to match those expectations.β Middle East war rattles finance chiefs Low sentiment across the public reflects wider pessimism among business leaders, with one survey of 79 chief financial officers suggesting that confidence had fallen to a six-year low.Β Deloitteβs financeΒ chiefΒ survey suggested that the war in the Middle East had weakened top business leadersβ hopes of an economic recovery, as geopolitics was cited as the top risk.Β Levels of concern around geopolitics were at a record high, according to the survey, while rising energy prices and the prospect of higher interest rates were also among the top risks.Β Deloitte UK chief economist Ian Stewart said: βRarely in the last 16 years have UK chief financial officers been more focused on cost control than today.Β βThis challenging environment is prompting chief financial officers to scale back expectations for margins and sharpen their focus on cost reduction and cash conservation.Β βThe immediate priority for finance leaders is to strengthen balance sheets in the face of external headwinds.β Tyler Durden Thu, 04/16/2026 - 05:00
Iran Boasts It Is Fast Rebuilding Bridges & Rail Lines After US Wrought Destruction Iran is seeking to put out images showing its resiliency after the country was hit with tens of thousands of airstrikes during over a month of the US-Israel Operation Epic Fury, including blowing up bridges, rail lines and other infrastructure. The US and Israel struck bridges and rail lines to cripple Iran's national transport network. Israel especially adopted attacks against key civilian infrastructure as a battle tactic, in hopes that eventually there would be a groundswell of anti-Tehran anger domestically, leading to government overthrow. The bridge that was bombed by Israel and the US in Iran a few days ago, will be operational soon. Iranian engineers are hard at work. pic.twitter.com/BJYicGKZud β Sentletse πΏπ¦π·πΊπ΅πΈπ±π§ (@Sentletse) April 15, 2026 However, Tehran officials and state publications have been boasting of restoring key rail links within days, showcasing the drive of its engineers and its reconstruction capacity. This actually began happening even while the bombs were still falling while the ceasefire was in effect, with reports that even underground missile silos were being dug out and restored after some 12 hours of being attacked. President Trump himself repeatedly threatening to bomb bridges, power plants, and other infrastructure to send Iran "back to the Stone Age." While vital infrastructure and even energy sites have indeed in many cases been obliterated, the lights are still on across the country, save for the persisting government-imposed internet blackout. Since the fragile ceasefire took effect on April 8, Iranian officials say multiple damaged rail lines and bridges have been restored in record time - sometimes within 40 to 96 hours - using domestic engineering teams. These efforts have showcased by pro-Iran and even sometimes official diplomatic accounts on X. An incredible railway bridge reconstruction in #Iran after a U.S.-Israel attack. Speed, precision, and dedicated teamwork: Charbagh railway bridge back in service in just #72 hoursπ. pic.twitter.com/UJl4cL9ENe β Embassy of Iran in Bulgaria (@IRANinBULGARIA) April 11, 2026 But the war has not yet been fully declared over, after one failed round of peace talks in Pakistan, and as the US still maintains a naval blockade on the Strait of Hormuz. In many ways the current tense calm is a game of chicken, with each side seeing how much economic pain it can both impose and endure, before the other side blinks and backs down. Tyler Durden Thu, 04/16/2026 - 04:15
Continuing Slump In Global Media Climate Agitprop Bodes Ill For Future Net Zero Support Authored byΒ Chris MorrisonΒ viaΒ THE DAILY SCEPTIC, Decades of careful grooming of incurious journalists designed to whip up a non-existent climate emergency have failed to halt a dramatic continuing collapse in mainstream media stories backing the Net Zero fantasy. Last year saw a 14% global slump in climate-related stories compared to 2024, which was already 38% down on peak Greta hysteria in 2021. Perhaps there is only so long that once trusting consumers are prepared to read, let alone pay for identical, narrative-driven drivel that is often so one-sided that it is an insult to the intelligence. Exhibit 1: the BBCβs October 2023 classic β Climate change could make beerΒ taste worse.Β The greatest declines over 2025 were found in Africa, the Middle East and North America. Interestingly, the failed Amazon COP30 meeting in November 2025 was followed the month after by coverage falling off a cliff in Latin America (-61%), Oceania (-52%) and the European Union (-41%). A period of private grief seems to have givenΒ the long-suffering public a merciful break from the relentless cacophony of climate catastrophising.Β News of the continuing falls in climate change and global warming coverage are contained in theΒ latest annual reportΒ from the Media and Climate Change Observatory (MeCCO) at the University of Colorado Boulder. To produce its latest findings, MeCCO tracked the volume of newspaper, wire services, radio and TV climate stories across 59 countries and seven regions. The work is said to have used a consistent methodology since 2004.The graph below shows clearly the spikes in the Greta hysteria around the start of the current decade, and the earlier Gore grift that followed the release of his βAn Inconvenient Truthβ film. University journalism courses often run climate modules but prospects for aspiring students looking to make the world safe for Net Zero fanatics do not look good. TheΒ GuardianΒ can only do so much, but in the UK, coverage was 34% down in the 12 months to November 2025. In the USA, the sackings have started with a vengeance. Last year, new managers at CBS News removed most of the climate crisis team. Recent reports suggest that everyone on the climate beatΒ has now been binned. In February 2026, theΒ Washington PostΒ cut 14 climate writing positions, leavingΒ only five journalistsΒ in place. Last year was a bad time for the climate groomers that are largely funded by Green Blob billionaires seeking societal upheaval by depriving modern (and developing) industrial countries of vital hydrocarbons. Groomed journalists working in narrative-driven mainstream media are seen as key to driving up fear of the invented climate crisis. One of the first lessons taught to useful idiot fear mongers is that the opinion, often incorrectly referred to as a theory, that human cause most if not all recentΒ climate change, is βsettledβ. The incurious are not encouraged to ask if this is the first scientific opinion to be declared settled, or at least the first since the Roman Popes of old adjudicatedΒ ex cathedraΒ on these matters. In the UK, the National Council for the Training of Journalists (NCTJ) is a respected industry-based charity that has operated since the 1950s. But its climate change training is laughable. In what other investigative fields are journalists encouraged to rely on a claimed βconsensusβ, and encouraged not to disclose alternative views? What quicker way is there, it might be asked, to replacing the writer with an AI tool? Funded by the Google News Initiative (GNI), the NCTJ offers aΒ free e-learning courseΒ on climate change reporting. As with all climate science grooming agitprop sessions, there is a warning about avoiding βfalse balanceβ. In effect, this means denying publicity to sceptical scientists who investigate opinion by following the time-honoured process of scientific falsification. GNI is a major funder of the attempts made to silence dissenting climate opinions. One of the major weapons deployed involve so-called βfact-checkersβ which, in the Daily Scepticβs own experience, do little more than attack inconvenient science findings with opinionated claims of βmisinformationβ. Discussing the underlying science does not appear to be a priority, rather the negative verdicts are helpful in cancelling advertising, and diminishing impact in the social media sphere. In the UK, GNI is a funder of the Reuters Institute for the Study of Journalism. Until recently, this operation ran a six-month groomer for climate writers under its Oxford Climate Journalism Network (OCJN) operation. The course has also attracted considerable funding from the former Extinction Rebellion paymaster Sir Christopher Hohn, and over four years it hosted around 800 journalists from 80 countries. Alas, the indoctrination pitstop pulled down the shutters late last year. The βflagship online courseβ will no longer be setting tasks asking participants to write a news story showing why mangoes are less tasty this year due to climate change. We can only pray that similar restrictions now apply to other climate-challenged comestibles. It seems the world is getting tired of clickbait, centrally-determined climate claptrap that for too long has provided an unscientific base for the Net Zero fantasy. Pseudoscience gaslighting has allowed rigged computer models to predict headline-grabbing Armageddon βtipping pointsβ, and contributed to the mainstream spread of unchallenged lies that extreme weather events are getting worse. Good news stories such as the major βgreeningβ of the Earth are ignored, while the vital role played in this by the gas of life carbon dioxide is downplayed. None more so than SciLine, a Green Blob-funded operation connected to the Association for the Advancement of Science, publisher ofΒ Science. βIn many cases, CO2Β disproportionatelyΒ favours weeds over cropsΒ causing more problems for agricultureβ, it helpfully notes in its guide to journalists. Tyler Durden Thu, 04/16/2026 - 03:30
Iran Halts All Petrochem Exports While Official Signals Compromise Strait Passage Opening, As Negotiators Cite 'Progress' Summary The Iran war is "very close to over" with authorities in Tehran eager to agree a peace deal, Trump says, adding: "We've beaten them militarily." Axios cites 'progress' toward framework to end war. Iran state media says halt to all petrochemical exports, RTRS cites possible compromise on strait passage. AP/Bloomberg reporting the two sides have an "in principle agreement" to pursue further diplomacy; however, this is batted down as 'unconfirmed' by Tehran & a US official. The Pentagon is sending thousands of additional troops into the Middle East in coming days: WaPo Trump claims ChinaΒ "very happy" the US is permanently opening the Strait of Hormuz,Β also Xi told him Beijing was not sending weapons/defense items to Tehran. Significant Lebanon fighting continues: Israel issues more evacuation orders, moving into south; Tehran outraged, threatens Red Sea shipping. Unconfirmed reports of one-week Lebanon ceasefire about to take effect. //--> //--> //--> US x Iran permanent peace deal by April 30, 2026? Yes 33% Β· No 68%View full market & trade on Polymarket *Β *Β * Big Iran Overture in the Works? A status quo compromise emerging? The latest to hit the newswires: IRAN COULD CONSIDER SHIPS BEING ABLE TO SAIL THROUGH OMAN SIDE OF STRAIT OF HORMUZ WITHOUT INTERFERENCE OR ATTACK AS PART OF A DEAL WITH THE US: REUTERS, CITING SOURCE CLOSE TO TEHRAN IRAN WILL MAINTAIN CONTROL OVER ITS WATERS IN THE STRAIT OF HORMUZ AND OMAN WILL DECIDE ABOUT ITS OWN SIDE OF THE WATERWAY - SOURCE CLOSE TO TEHRAN Iran has just signaled willingness to allow strait traffic pass unconditionally on the Oman side of the strait, perhaps as a face-saving measure, amid talk of a 2nd Pakistan peace summit being put together, as a potential uneasy status quo emerges. Iran Halts Petrochemical Exports Is Trump's blockade working? IRAN HALTS PETROCHEMICAL EXPORTS UNTIL FURTHER NOTICE: ISNA CNBC also in a breaking headline writes:Β Β Iran halts all petrochemical exports βuntil further notice,β Iranian state media reports. This comes after a new Pentagon warning to all vessels stuck in the Strait of Hormuz. CENTCOM Updates Tanker Numbers amid Blockade CENTCOM provides a Wednesday update: "During the first 48 hours of the U.S. blockade on ships entering and exiting Iranian ports, no vessels have made it past U.S. forces. Additionally, 9 vessels have complied with direction from U.S. forces to turn around and return toward an Iranian port or coastal area." TEN VESSELS HAVE BEEN TURNED AROUND BY US BLOCKADE: CENTCOM A big question remains: will Iran confront the US blockade militarily?... or will an uneasy status quo of limited vessel traffic continue to make it through Hormuz amid a potentially extended ceasefire that goes beyond the 2-week window? A new warning from the White House/CENTCOM: The White House and the U.S. military published a clip of a warning to ships, telling them not to breach the blockade of Iranian ports and coastal areas. In a maritime radio message, a U.S. servicemember tells ships that they will be boarded for interdiction and seizure if they attempt to travel to or from an Iranian port. U.S. naval vessels are on patrol in the Gulf of Oman as CENTCOM continues to execute a U.S. blockade on ships entering and departing Iranian ports. U.S. forces are present, vigilant, and ready to ensure compliance. pic.twitter.com/dnHR2oz0ZN β U.S. Central Command (@CENTCOM) April 15, 2026 Meanwhile in Tehran... Footage of Iran's Foreign Minister Seyyed Abbas Araghchi welcoming Pakistan's Chief of Army Staff Field Marshal Syed Asim Munir upon his arrival in Tehran. Follow Press TV on Telegram: https://t.co/LWoNSpkc2J pic.twitter.com/32pF6ONkiZ β Press TV π» (@PressTV) April 15, 2026 'Progress' Reported in US-Iran Contacts Axios reports that US andΒ IranianΒ negotiators "made progress in talks on Tuesday" while moving closer to a framework agreement to end the war, according to two US officials. The headline briefly pushed oil lower. This comes as Pakistan's top general headed a high-ranking political-security delegation from Pakistan to convey the US message and plan the second round of talks to Tehran. Per details in Axios: "They were on the phone and backchanneling with all the countries and they are getting closer," the U.S. official said. A second U.S. official confirmed progress was made Tuesday. "We want to make a deal. And parts of their government want to make a deal. Now the trick is to get the whole of government over there to make the deal," a third U.S. official said. Meanwhile, state Tasnim is reporting that Pakistan is getting ready to host the second round of Iran-US talks. Lebanon Ceasefire Imminent?Β The Hezbollah-affiliated Al-Mayadeen channel, citing a senior Iranian source, reports that a ceasefire in Lebanon will begin tonight. "The duration of the ceasefire will be one week and will extend until the end of the ceasefire period between Iran and the United States." However, there's been no confirmation of this from Israel or the US, or in Israeli media. The Lebanese government just met with Israeli officials for Rubio-sponsored talks in Washington yesterday, but there was no word of a definitive ceasefire coming from the meeting, and currently Hezbollah and Israel are not directly talking at all. It remains unclear whether this could be a sign of Lebanese officials getting Hezbollah on board with a pause in fighting. Meanwhile, two fresh notes on the question of advancing a second round of US-Iran negotiations: Iranian media reported that Field Marshal Asim Munir, Chief of Staff of the Pakistani Army, headed a high-ranking political-security delegation from Pakistan to convey the US message and plan the second round of talks, and is scheduled to meet with officials of the Islamic Republic. Regional mediators are trying to extend the U.S.βIran cease-fire and restart talks after failed negotiations in Islamabad, but no date or venue has been set. A new round is unlikely before Pakistan completes its regional diplomatic 'Very Close' To War Over, Diplomacy in Reach: Trump The latest from Trump:Β The Iran war is "very close to over" with authorities in Tehran eager to agree a peace deal, President Trump claimed in a fresh interview broadcast Wednesday. "Weβve beaten them militarily, totally," TrumpΒ toldΒ Fox Business in a prerecorded interview. "I think itβs close to over, I view it as very close to over... If I pulled up stakes right now it would take them 20 years to rebuild that country, and weβre not finished." He added:Β "Weβll see what happens, I think they want to make a deal very badly." This as the Associated Press has reported the US and Iran are closer to extending a ceasefire and restarting negotiations, even amid the intensifying standoff over the Strait of Hormuz as the US Navy has blockaded it for all shipping leaving Iranian ports or with ties, or under sanction. The two sides have an "in principle agreement" to pursue further diplomacy after last weekend's failed Islamabad talks. Trump on Tuesday had optimistically cited that the next round could be just two days away.Β Mediators are said to be pushing for a compromise on outstanding issues including Hormuz and Iran's nuclear program before the April 7 truce expires next week, the news agency said - as they also eye the extension off the initial two weeks. IRAN'S TASNIM: US-SANCTIONED CONTAINER SHIP GOLBON PASSED THROUGH HORMUZ pic.twitter.com/Wtca8fTZ2b β zerohedge (@zerohedge) April 15, 2026 However, Iran's Foreign Ministry has made clear the reports about the ceasefire extension are not confirmed, while Axios' Barak Ravid similarly writes - US official tells me: "The US has not agreed to an extension of the ceasefire. There is continued engagement between the U.S. and Iran to reach a deal." Iran meanwhile is warning that it sees a prolonging of the US blockade as "a prelude to a breach of the ceasefire," a military spokesman said, as featured state TV. Iran's military "will not permit any exports or imports to continue in the Persian Gulf, the Sea of Oman or the Red Sea" if it continues, the spokesman added.Β IRAN'S BAGHAEI: NO SPECIFIC DAY SET FOR NEW US NEGOTIATIONS Via AP:Β A billboard depicting U.S. aircraft caught by Iranian armed forces in a fishing net. Β Trump on China President Trump says he asked his Chinese counterpart Xi Jinping not to supply weapons to Iran, and Xi replied he was not doing so. "I had heard that Chinaβs giving weapons to, I mean - youβre seeing it all over the place - to Iran," Trump also said in the aforementioned Fox Business interview. "And I wrote him a letter asking him not to do that, and he wrote me a letter saying that essentially heβs not doing that." Major media outlets previously reported that US intelligence indicated China was preparing to ship advanced weaponry to Iran. Beijing's public rejection of the "baseless smear" - as the Foreign Minister called it - has indeed been swift and vehement. With oil prices remaining elevated, with Brent crude trading about 33% higher than before the start of the war, Trump has issued a new Truth Social claiming China is "very happy that I am permanently opening the Strait of Hormuz." This even though in many cases it is China bound tankers being blocked and turned back by the US naval armada. "This situation will never happen again," Trump added. He is set to meet with XiΒ in Beijing on May 14-15. On this he wrote that "President Xi will give me a big, fat, hug when I get there in a few weeks. We are going working together smartly, and very well!" But then Trump says "But remember, we are very good at fighting, if we have to..." More Troops Sent to Mideast The Washington Post is out with a new report of more troops being sent to the theatre. "The Pentagon is sending thousands of additional troops into the Middle East in the coming days, as the Trump administration attempts to pressure Iran into a deal that could end the weeks long conflict there while considering the possibility of additional strikes or ground operations if a fragile ceasefire deal does not hold." Already a combined estimated ten thousand US sailors, Marines, and personnel - on at least a dozen US warships, are maintaining the Trump-ordered blockade on Hormuz. So Washington continues to try and build leverage, also with the announced additional forces being prepped, while also sounding optimistic on a potential peace deal - thought to two sides are very far apart especially on the nuclear issue. Trump has at times still shrugged off the importance of a final peace deal, having told ABC News that while an official peace agreement may not be necessary, "I think a deal is preferable because then they can rebuild." He had said, "They really do have a different regime now. No matter what, we took out the radicals." Trump: I wrote a letter to Xi. I asked him not to give Iran weapons. He wrote me a letter, and he is saying that he is essentially not doing that. pic.twitter.com/yrTT9Dwi2V β Clash Report (@clashreport) April 15, 2026 Tehran (& Houthis) Threaten Red Sea Trade as Lebanon Fighting Persists Iran's army warned it will block trade through the Red Sea, the Persian Gulf, and the Sea of Oman if the US naval blockade on Iranian ports continues. In a statement carried by Iranian state television, the head of the military's central command center said the "powerful armed forces of the Islamic Republic will not allow any exports or imports to continue in the Persian Gulf, the Sea of Oman and the Red Sea." According to more via Al Jazeera, he added that Iran will "act decisively to defend its national sovereignty and its interests." One key factor which has outraged Iran is Israel's continued major attacks on Lebanon, after last Wednesday's massive aerial attack on Beirut and elsewhere which left over 300 dead. Israel on Wednesday said that Hezbollah fired 40 rockets into Israel earlier in the morning. An Israeli drone strike on the Jiyeh road, Lebanon More Geopolitical Headlines via Newsquawk... Effort to extend US-Iran ceasefire has made progress, AP reports citing official; mediators aim to extend the ceasefire for at least another two weeks; both sides gave an βin principle agreementβ to extend the ceasefire. Discussions are underway regarding possible extension of temporary ceasefire between Iran and US, according to Arab diplomatic sources cited by Russia on Wednesday and being reported by Chinese press CCTV. However, US President Trump said it could end either way, but thinks a deal is preferable because then Iran can rebuild, also said he isn't thinking about extending the ceasefire and doesn't think it will be necessary, according to reported citing ABC reporter on X. The Pentagon is sending thousands of additional troops into the Middle East in the coming days, WaPo reports citing US officials; in a bid to pressure Iran while mulling the possibility of additional strikes or ground operations if the ceasefire breaks. US President Trump said it's "very possible" a deal with Iran will be reached by the time the King visits the US later this month (27-29th April), Sky News reported. US President Trump said he views the war being very close to over, according to Fox News. US VP Vance said we are negotiating with Iran and ceasefire is holding, adds Iranian negotiators wanted to make a deal. Feel good about where we are. Lot of mistrust between the US and Iran, can't be solved overnight. US Vice President JD Vance is expected to lead a potential second round of talks with Iranian officials should negotiations lead to another face-to-face meeting before the ceasefire expires next week, according to sources familiar cited by CNN. Pakistan leadershipβs overseas tour until April 18th dims prospects of US-Iran talks in Islamabad before April 18th, Pakistani journalist Mallick reported. Iran is to use alternative ports to those in southern Iran to bypass the US blockade in the Strait, Mehr News reported. An Iranian VLCC (Very Large Crude Carrier), which was on the US sanctions list, entered the waters of Iran past the US blockade, Fars reported. Iran secretly acquired a Chinese spy satellite that gave the Islamic republic a powerful new capability to target US military bases across the Middle East during the recent war, according to an FT investigation. US Central Command said blockade of Iranian ports has been fully implemented and that US forces have completely halted economic trade going into and out of Iran by sea. US has intercepted eight Iran-linked oil tankers since the start of the blockade, according to WSJ. New satellite images show Iran digging for missile launchers trapped underground amid a ceasefire, according to CNN. More than 20 commercial ships have passed through the Strait of Hormuz in the past 24 hours, WSJ reported, citing US officials. US destroyer interdicted two oil tankers that attempted to leave Iran on Tuesday, according to an official cited by Reuters. US President Trump reiterates on Truth Social "NATO wasnβt there for us, and they wonβt be there for us in the future!". Europe is accelerating a NATO fallback plan in case US President Trump pulls US out of the treaty, according to WSJ. US Pentagon is likely to trim its Iran wall funding request, according to WSJ citing Senator Coons who is the top democrat on the Senate appropriations defense committee. * * * Tyler Durden Thu, 04/16/2026 - 03:15
Germany Accelerates Kamikaze Drone Stockpiling With Rheinmetall Deal Germany's parliament has approved a sizeable contract for defense giant Rheinmetall to supply loitering munitions, or kamikaze drones, to the Bundeswehr, underscoring just how quickly European militaries are internalizing drone warfare lessons from both the Russia-Ukraine war and, more recently, the U.S.-Iran conflict. Berlin's latest procurement push makes it clear that one-way attack drones are becoming a serious threat, and the race to stockpile them has begun. Bloomberg reports that the budget committee of the Bundestag approved the Defense Ministry's proposal for an initial tranche of Rheinmetall's suicide drones worth $345 million. The deal is capped at around $1.2 billion for Rheinmetall loitering munitions and depends on the firm meeting development and delivery milestones. The drones are initially intended for Germany's brigade in Lithuania, but there is a possibility that they will be deployed elsewhere. The approval follows Germany's February decision to purchase $637 million worth of strike drones from startups Helsing and STARK. Rheinmetall missed out on those deals because it lacked a working prototype at the time. The Defense Ministry confirmed the latest contract without identifying Rheinmetall: "As with the other two contracts, there are clearly defined qualification requirements, termination milestones, and innovation clauses." Lessons learned from the current conflicts across Eurasia have served as a wake-up call for countries around the world, unleashing a frantic race among the world's militaries to procure low-cost attack drones. What follows will be counter-drone systems to combat this emerging threat, as the war in the Middle East showed that the US and its Gulf allies lacked low-cost solutions. On the U.S. homeland front, the Federal Aviation Administration has given the U.S. military the green light to deploy high-energy counter-drone laser weapons in U.S. airspace. Alarmingly, there are very few, if not any, low-cost counter-drone systems guarding America's data centers, transmission substations, stadiums, and other critical infrastructure. One month before the US-Iran conflict broke out, we informed readers of the urgent need for data centers to consider counter-drone systems. What followed were multiple data centers struck by Iranian drones in the Gulf region. Civilian infrastructure will not be spared as the world becomes increasingly dangerous and chaotic. Tyler Durden Thu, 04/16/2026 - 02:45
Europe's Electrification Dream Is Hitting A Wall Authored by Gisele Widdershoven via OilPrice.com, Europeβs electrification strategy is ambitious but constrained by lagging grid infrastructure, creating bottlenecks that are already delaying industry and investment. Massive funding needsβrunning into trillionsβcombined with regulatory complexity and slow buildouts are exposing a gap between policy ambition and physical reality. Without better coordination, prioritization, and financing, Europe risks higher costs, weaker competitiveness, and a stalled energy transition. The message given by Ursula von der Leyen to electrify the European economy is strategically coherent, politically appealing, and, on the surface, even unavoidable. It will be the real deal to decarbonize industry and power transport, reduce dependence on imported fossil fuels, and anchor Europeβs competitiveness. The latter is especially valid in an increasingly fragmented geopolitical order. Electrification is presented as the backbone of Europeβs future prosperity and security. However, beneath this clear vision lies a far more uncomfortable reality. Brussels is not only pursuing an energy transition but also transforming its industrial base, transport systems, infrastructure networks, and geopolitical posture. All of this needs to be done while facing an increased financial, physical, and strategic strain. Electrification is not failing at present because the overall idea or strategy is wrong, but because the system required to support it is already overstretched. At the same time, and maybe even more important, the bill to fix that system is only beginning to emerge. The real core problem of Brussels is not its ambition, but the sequencing of it all. Europe is already accelerating the electrification of demand, mainly in the industrial, transport, and heating sectors, while simultaneously pushing to expand renewable supply at an unprecedented speed. One pivotal issue, however, seems to be constantly forgotten: the infrastructure that must connect the two is lagging dangerously behind. Policymakers and advisors should realize that electricity systems are not abstract constructs, but physical networks with hard limits. Throughout Europe, these limits have already been reached. The prime example of this situation is the Netherlands. Throughout the continent, the Dutch energy transition has been presented as a model: one of the highest per-capita deployments of offshore wind in the world, widespread solar adoption, aggressive electrification policies, and a political consensus around decarbonization. If Brusselsβ overall strategy were working as intended, the Netherlands should be its showcase. In reality, however, it is its warning. At present, the Dutch electricity grid is no longer able to keep pace with the pace of change. The countryβs grid congestion has become structural, not incidental. An ever-growing list of thousands of companies, some even stating 15,000+, are already on waiting lists for grid connections or capacity upgrades. In several Dutch regions, industrial clusters cannot expand, while new investments are delayed or diverted. The most shocking issue is that even residential developments are hindered or blocked by the lack of electricity. The paradox is striking. At certain moments, especially when there is a positive combination of wind and sun, the Netherlands produces more renewable electricity than it can use. At other times, the country cannot supply enough electricity to meet demand. The Dutch system is increasingly hit by a system that needs to deal with a simultaneous suffering of surplus and scarcity. This is not a temporary imbalance but the predictable outcome of a system in which generation has outpaced infrastructure. It is also where Europeβs electrification narrative begins to unravel. The ECβs strategy again assumes a relatively smooth scaling of supply, demand, and infrastructure. Reality, however, is much more complex. At present, infrastructure development lags due to permitting constraints, investment bottlenecks, and physical construction timelines. At the same time, demand does not scale linearly, especially when industries hesitate amid uncertainty about costs and grid access. The system itself introduces frictions, such as congestion, curtailment, and volatility, all undermining efficiency. Across Europe, an increasing number of grid operators are issuing urgent warnings as connection queues grow while investment pipelines stall. All are looking at a situation where the congestion costs are rising. And yet the policy response remains focused primarily on accelerating renewable deployment and electrification targets, as if infrastructure will inevitably follow. It will not. Right now, now is that electricity grids cannot be expanded at the pace of policy ambition. Building high-voltage transmission lines takes years, often more than a decade. At the same time, distribution networks require massive upgrades to handle decentralized generation and electrified demand. Local opposition, environmental regulations, and supply chain constraints slow all of this. Brussels dramatically underestimates the scale of investment needed, which should motivate industry leaders to develop innovative financing strategies and advocate for substantial capital allocation to meet the β¬660 billion annual target and beyond. To be clear, this is not incremental spending, but a structural reallocation of capital on a scale rarely seen outside wartime economies. Given the β¬1.2 trillion investment requirement for electricity grids alone by 2040, policymakers should explore innovative financing models, public-private partnerships, and EU-level funding instruments to mobilize the necessary capital efficiently. Addressing electrification requires a collective effort to rebuild Europeβs entire energy backbone, highlighting the importance of coordinated strategic planning among policymakers, industry, and investors to prevent economic inefficiency and political fragility. That is where the Dutch case becomes valid. The Netherlands has already demonstrated that high levels of renewable penetration do not automatically translate into effective electrification. Without grid capacity, renewable energy cannot be fully utilized. Without certainty about the connection, industrial electrification stalls. Without system flexibility, volatility increases. In other words, the transition becomes economically inefficient and politically fragile. Another major constraint is that the financial challenge does not exist in isolation. It is unfolding within a rapidly deteriorating geopolitical environment. The European Union is simultaneously being forced to increase defense spending, support Ukraine, and respond to renewed instability in global energy markets. The war in Ukraine has already triggered a structural shift in defense priorities, with European defense spending reaching hundreds of billions annually and new EU-level instruments targeting up to β¬800 billion in mobilized resources. Since the last two months, tensions in the Middle East, especially in Hormuz, have reintroduced energy security risks that Europe had hoped electrification would mitigate. Roughly a fifth of global oil and LNG flows through Hormuz. Even partial disruptions immediately translate into higher prices, increased volatility, and renewed dependence on external suppliers. This strategic contradiction is compounded by geopolitical risks, such as disruptions in the Strait of Hormuz and increased defense spending, which threaten to undermine Europe's energy security and complicate the transition to electrification despite its intended benefits. Brussels attempts to invest heavily in electrification to reduce energy vulnerability, while simultaneously being forced to spend heavily on defense and absorb the costs of ongoing fossil fuel dependence. The energy transition does not replace one system with another, but it layers new costs on top of old ones. This is the fiscal collision at the heart of the European project. The real question right now, which needs to be answered honestly, is: who is going to pay? Most European governments are already fiscally constrained, as public debt levels remain elevated following the pandemic and energy crisis. They also need to deal with increased defense spending, while social pressures are rising. The idea that national budgets alone can finance the electrification of the economy is no longer credible. Again, private capital is often presented as the solution. Brussels strategy relies heavily on mobilizing institutional investors, de-risking projects, and leveraging capital markets. However, private capital is not a substitute for public strategy. Private capital flows where risk-adjusted returns are predictable. Grid infrastructure, industrial electrification, and system flexibility often do not meet these criteria without significant public guarantees. Moreover, the scale required goes far beyond what current mechanisms can deliver. Even ambitious instruments such as the Innovation Fund or the proposed Industrial Decarbonization Bank, targeting tens or even hundreds of billions, remain small relative to the annual investment gap. Europeβs uncomfortable truth is that it will need to adopt a fundamentally different financing model. Electrification at this scale clearly requires something closer to a strategic investment doctrine than a collection of policy instruments. Brussels will need to deal with a reality that requires prioritization, coordination, and, for all parties, critical acceptance of trade-offs. First, Europe will need to elevate energy infrastructure to the same strategic level as defense. If joint borrowing and coordinated financing can be justified for military capabilities, the same logic applies to cross-border electricity grids, storage systems, and industrial electrification corridors. These are not optional climate investments; they are the foundation of economic resilience. Second, existing revenue streams, particularly from carbon pricing mechanisms, must be more aggressively redirected toward infrastructure. The current allocation is insufficient relative to the scale of need. Third, public financial institutions, the European Investment Bank and national development banksβmust significantly expand their role, particularly in areas where private capital remains hesitant. All the above, however, will eliminate the need for prioritization. The current reality shows that Europe cannot fund everything simultaneously. It cannot electrify all industries at once, build all infrastructure at once, and meet all geopolitical commitments without making choices. It is a political illusion to believe that coordination and efficiency gains will eliminate trade-offs. The Dutch experience already demonstrates what happens when these trade-offs are ignored. Infrastructure constraints begin to shape economic outcomes. Investments are delayed or redirected. The energy transition loses momentum not because of political opposition, but because of practical limitations. If we scale the Dutch experience to the European level, the consequences could be far more significant. Industries that depend on reliable, high-capacity electricity, especially chemicals, steel, and data infrastructure, will look beyond Europe if energy systems cannot deliver. Investment flows may shift to regions with more robust infrastructure. And Europeβs industrial base could erode at precisely the moment it seeks to strengthen it. This is the risk embedded in the current electrification narrative. Brussels assumes that more renewable energy and more electrification will automatically lead to lower costs, greater security, and enhanced competitiveness. Facts on the ground, however, show that without the infrastructure and financing to support it, the opposite may occur: higher costs, increased volatility, and reduced competitiveness. The greatest danger is not a failure of electrification, but that it will proceed in an unbalanced way. There is a huge risk of too much generation without infrastructure, too much demand without connectivity, and too much ambition without sequence. This is already happening. The Netherlands shows that even a highly advanced energy transition can hit hard physical limits. These limits are not theoretical. They are visible in grid congestion, curtailed renewable output, delayed investments, and constrained economic growth. Europe as a whole is now approaching the same inflection point. Von der Leyen is right that electricity will define Europeβs future. However, to define the future is not the same as building it. Brussels needs to understand that building requires infrastructure that takes decades, capital that runs into trillions, and political choices that are far more difficult than current rhetoric suggests. We are not only looking at an energy strategy when pursuing electrification, but also at a test of Europeβs ability to align ambition with reality. At present, that alignment is missing. The physical limits of a grid need to be confronted by Europe, including the financial scale of its ambitions, and the geopolitical pressures shaping its choices. If not, the electrification agenda will remain incomplete. Again, the vision is not wrong, but the system required to deliver it is not yet ready. At the same time, the willingness to pay for it has not yet been fully acknowledged. Tyler Durden Thu, 04/16/2026 - 02:00
"Can Only Imagine What FCC Has To Say": Open Source Military Radar Plans Appear Online Someone on GitHub has built an open-source radar system capable of tracking multiple targets up to roughly 12 miles away, at a fraction of the cost that a major defense contractor would typically charge for a comparable system. AERIS-10 is an open-source phased-array radar system that demonstrates how advanced sensing technology has moved out of the defense-prime world and into civilian hands, with one person releasing all the design and development files on GitHub. The 10.5 GHz phased-array radar system is available in two versions: AERIS-10 is an open-source, low-cost 10.5 GHz phased array radar system featuring Pulse Linear Frequency Modulated (LFM) modulation. Available in two versions (3km and 20km range), it's designed for researchers, drone developers, and serious SDR enthusiasts who want to explore and experiment with phased array radar technology. The developers wrote, "The AERIS-10 project aims to democratize radar technology by providing a fully open-source, modular, and hackable radar system." "Whether you're a university researcher, a drone startup, or an advanced maker, AERIS-10 offers a platform for experimenting with beamforming, pulse compression, Doppler processing, and target tracking," they added. X user chiefofautism noted, "One person built what defense contractors charge a quarter million for and open-sourced it." That's a great question: I can only imagine what the FCC will have to say about this... β E__Strobel (@E__Strobel) March 13, 2026 The bigger takeaway is not the project itself, but what it signals: dual-use capability has shifted into the civilian and open-source domain, a shift that is clearly visible in the drone world. It also shows how powerful dual-use technology is now becoming accessible outside the traditional defense-contractor ecosystem - something the Department of War will find increasingly difficult to ignore as funding flows redirect to "war unicorns" promising faster innovation at lower cost.Β Tyler Durden Wed, 04/15/2026 - 23:00
CBS '60 Minutes' Left Out The Most Damning Part Of The Story Submitted byΒ American Truckers United, Over the last year, the American people have awakened to the reality of truck drivers unable to speak English, operating with non-domicile CDLs, and wreaking havoc on our roadways. What had yet to gain national attention was the ownership behind these illicit trucking companies. The 60 Minutes special that aired this weekend finally changed that by exposing one of the worst βchameleon carriersβ in the industry. Chameleon carriers are four times more likely to be involved in crashes, according to data from a risk assessment firm, Fusable. pic.twitter.com/3l5LOUQcyQ β 60 Minutes (@60Minutes) April 12, 2026 The CBS report laid out the crisis in stark detail. The motor carrier mentioned is a Serbian-based network that repeatedly sheds its identityβchanging names and USDOT numbersβto erase thousands of safety violations and hundreds of crashes. Drivers described forced 18-hour days, ELD cheating orchestrated by dispatchers in Serbia, and paychecks that came back negative after excessive lease, insurance, and repair fees were skimmed off the top. The carrier network racked up nearly 15,000 violations and 500 accidents in just two years while hauling freight for major shippers. Yet the carrier insists it is merely a βleasing company,β not a motor carrier, and therefore bears no responsibility for the trucks or drivers operating under its trailers.Β A whistleblower from a Super Ego-affiliated company says dispatchers and managers in Serbia were told to overwork and exploit American drivers. pic.twitter.com/cdvIbaSL38 β 60 Minutes (@60Minutes) April 12, 2026 60 Minutes built a compelling case that dismantled their narrative. Β What 60 Minutes likely left on the cutting-room floor is the most damning part of the story: who keeps loading these illegal carriers with freight in the first place? Who failedβor refusedβto vet the motor carrier, its foreign ownership, or its forced-labor operations? The answer points directly to freight brokers, with industry giant C.H. Robinson at the forefront. Despite the motor carrier not being a registered motor carrier with the USDOT, C.H. Robinson awarded it βCarrier of the Yearβ in the 1,000+ truck category for 2025. Industry sources allege that the selection process for this award involves rigorous vetting and requires final approval from upper management. Such high-level oversight strongly suggests that senior leadership at C.H. Robinson may have been directly involved in bestowing one of its most prestigious honors on a well-known chameleon carrier. CH Robinson (ATA & TIA Member) awarded Super Ego as one of their carriers of the year for 2025 https://t.co/A6Q6OaStFx β American Truckers ππ¦ (@atutruckers) April 13, 2026 This is not merely a failure of due diligence. It reflects a pattern of willful blindness, driven by greed, that prioritizes profit margins over safety, regulatory compliance, and the integrity of Americaβs trucking industry. Large freight brokers have spent the past six years expanding their market share by abandoning legacy American-owned asset-based carriers and instead tapping a new, captive capacity source: foreign networks running what amounts to organized forced-labor schemes. Dispatch operations remain in foreign countries while unsafe trucks terrorize American highways. The brokers pocket the margin; the public pays the price in crashes, congestion, and national-security risks. Trucking is the backbone of U.S. supply chains. When middlemen profit by partnering with chameleon carriers that exploit truck drivers, they do more than undercut honest American trucking companiesβthey corrupt a dangerous occupation that is critical to our economy and national defense.Β Current State of the US Trucking Industry pic.twitter.com/zbG9hZRJQ2 β American Truckers ππ¦ (@atutruckers) April 13, 2026 This scandal extends far beyond the chameleon carriers themselves. It lies with the large freight brokers, the real profiteers, who continue to provide them with freight and access to the highways, accelerating the decline of American-owned trucking companies while leaving crash victims and their families without meaningful accountability or support. Hold the brokers accountable for what they have done to our industry! Demand Accountability! Demand Broker Liability! Tyler Durden Wed, 04/15/2026 - 22:35
Gabbard Sends Criminal Referrals For 2019 Trump Impeachment Whistleblower, IG Coverup On Monday, DNI Tulsi Gabbard and the House Intelligence Committee released declassified transcripts revealing that the whistleblower whose complaint about Trump and Zelensky's 'perfect call' as an extreme parisan who had a "prior professional relationship with one of the Democratic Presidential candidates," and despite those facts, former-Intelligence Community Inspector General (ICIG) Michael Atkinson claimed "I did not find the complainant (whistleblower) was biased." Tulsi Gabbard, director of national intelligence, during a news conference in the James S. Brady Press Briefing Room of the White House on July 23, 2025.Eric Lee / Bloomberg via Getty Images Well, tonight they're the recipients of two criminal referrals. Director of National Intelligence Tulsi Gabbard on Wednesady referred who is believed to be former CIA analyst Eric Ciaramella - along with the former intelligence community inspector general who fast-tracked it - for potential criminal investigation, the Office of the Director of National Intelligence announced Tuesday. The referrals to the Justice Department, first reported by Fox News and confirmed by multiple officials familiar with the matter, come days after Gabbardβs office declassified more than seven-year-old transcripts and supporting documents that Democrats and the intelligence community had kept under wraps since the fall of 2019. The newly public records raise fresh questions about the origins and handling of the complaint that accused Trump of pressuring Ukraine to investigate Joe Biden and his son Hunter. NEW RECORDS VIA @DNIGabbard @RepRickCrawford ATKINSON TRANSCRIPTS - First Trump Impeachment + Whistleblower Motive Whistleblower met with Democrats on House Intelligence Committee (then led by Adam Schiff) BEFORE reporting his allegations to the Intelligence Communityβ¦ pic.twitter.com/x7A1IxHLLO β Catherine Herridge (@C__Herridge) April 13, 2026 Ciaramella was a CIA analyst detailed to the National Security Council at the time. According to the declassified materials, he had no firsthand knowledge of Trumpβs July 25, 2019, phone call with Ukrainian President Volodymyr Zelenskyy and instead relied on secondhand accounts from NSC colleagues. He was a registered Democrat who had previously worked on Ukraine policy under then-Vice President Biden - including traveling with him - and had pre-complaint contacts with Democratic staff on the House Intelligence Committee, including aides to then-Chairman Adam Schiff (D-Calif.), the records show. Former Intelligence Community Inspector General Michael Atkinson, who received the complaint in August 2019, is accused in the declassified files of deviating from standard procedures. He allegedly changed the whistleblower complaint form to accommodate hearsay information, ignored Justice Department guidance that the complaint did not qualify as an βurgent concern,β did not review the actual call transcript, and relied on a narrow set of interviews - including one with a witness who had co-authored the controversial 2017 Intelligence Community Assessment on Russian election interference and had ties to former FBI official Peter Strzok. Gabbard, a Trump ally installed as DNI earlier this year, framed the declassification and referrals as long-overdue accountability. βDeep state actors within the Intelligence Community concocted a false narrative that was used by Congress to usurp the will of the American people and impeach the duly-elected President of the United States,β Gabbard said in a statement accompanying the release. βInspector General Atkinson failed to uphold his responsibility to the American people, putting political motivations over the truth.β The ODNI general counselβs referral letter, obtained by outlets covering the story, cited possible violations of federal criminal law by βone or more former employees of the intelligence community,β specifically referencing Atkinsonβs 2019 congressional briefings. The declassified package - released by the House Permanent Select Committee on Intelligence at the request of Chairman Rick Crawford (R-Ark.) following a March 24 committee vote - includes closed-door transcripts of Atkinsonβs 2019 testimony before the panel. Those transcripts had been withheld from Trumpβs defense team during the impeachment proceedings and from the broader public for more than seven years. The move revives one of the most contentious chapters of Trumpβs first term and comes as his second administration aggressively pursues investigations into perceived abuses by the intelligence community during the Russia investigation, the 2020 election challenges and both impeachments. Schiff, now a senator from California, and other Democrats involved in the original impeachment have not yet commented publicly on the latest developments. A spokesman for the House Intelligence Committee under Democratic control in 2019 called the declassification βa partisan stunt designed to rewrite history.β Tyler Durden Wed, 04/15/2026 - 22:10
Human Smuggler Extradited From Brazil To US: DOJ Authored by Troy Myers via The Epoch Times (emphasis ours), A Bangladeshi national, alleged by the Department of Justice (DOJ) to be a βprolificβ alien smuggler, made his first appearance Monday in a Laredo, Texas, federal courtroom following his extradition from Brazil, according to a DOJ statement. Illegal immigrants who are believed to have crossed the border from Mexico into the United States are seen after the truck they were being transported in was interdicted by law enforcement officers in Laredo, Texas, on Sept. 13, 2022. Department of Justice/Handout via Reuters The indictment against Saiful Islam, 39, in the Southern District of Texas accuses him of being part of a conspiracy that smuggled numerous illegal immigrants through Central America to the United States, the DOJ said. βIslam participated in a wide-ranging human smuggling operation,β the agency said. The Bangladeshi man also allegedly helped other smugglers by facilitating the travel of aliens from SΓ£o Paulo, Brazil, and other locations in South America, Central America, and Mexico, eventually instructing them in how to illegally cross the Rio Grande River or jump the border fence. Islamβs charges include conspiracy to bring an alien to the United States, multiple counts of bringing an alien to the United States for financial gain, and conspiracy to encourage or induce an alien to enter the United States, according to the DOJ statement. He also faces potentially hundreds of thousands of dollars in fines. A conviction on the charge of bringing an alien to the United States for financial gain carries a mandatory minimum sentence of three to five years in prison, depending on additional factors, and a maximum of 15 years. Islam would face a maximum penalty of 10 years in prison on the other two charges if he is convicted of them. There is no listed attorney for Islam yet in his online docket, which shows his case was assigned to a judge in August 2020. Several agencies are coordinating in the investigation of Islam, including Homeland Security Investigations, Customs and Border Protectionβs International Interdiction Task Force, the U.S. Marshals Service, and INTERPOL. The DOJ credited its Joint Task Force Alpha, the agencyβs lead effort in fighting human smuggling and trafficking by cartels and other criminal organizations, in investigating, charging, and prosecuting Islam. Joint Task Force Alphaβs main goal is targeting leaders and organizers of cartels throughout the Americas, Mexico, and the βNorthern Triangle countriesβ of Guatemala, El Salvador, and Honduras, the Justice Department said. Former Attorney General Pam Bondi announced last September an expansion of the agency to cover Canada, the Caribbean, maritime borders, and elsewhere. βThis Department of Justice is investigating and prosecuting human smuggling more aggressively than ever before,β Bondi said. Joint Task Force Alpha has, to date, arrested more than 450 domestic and international leaders, organizers, and facilitators of alien smuggling or trafficking. According to the Monday DOJ statement, the agencyβs work has resulted in more than 395 U.S. convictions, more than 345 βsignificant jail sentences imposed, and forfeitures of substantial assets.β Tyler Durden Wed, 04/15/2026 - 21:45
Bessent Keeps Running Tally Of China As "Unreliable Global Partner" - Count Now Stands At Three Treasury Secretary Scott Bessent told reporters Tuesday that Beijingβs panic hoarding of crude and refined products, while refusing to join the rest of the world in releasing supplies to offset the Gulf energy shock, has now demonstrated for the third time in five years that China is an "unreliable global partner." "China has been an unreliable global partner three times in the past five years; once during COVID, when they hoarded healthcare products, second on rare earth," Bessent said, referring to Beijing's move last year to weaponize rare earth exports against the US in the tit-for-tat trade war that disrupted US supply chains, including temporary factory shutdowns such as production lines briefly shuttered by Ford Motor Company. Bessent said China continued to purchase tanker loads of crude instead of helping ease the global supply crunch caused by Iranβs closure of the Strait of Hormuz, despite already holding a massive strategic reserve. He also noted that China restricted exports of crude products early in the conflict.Β Reuters noted that China's strategic petroleum reserve "was roughly the same size as that of the entire reserve held by the 32-member International Energy Agency, but it was continuing to purchase oil." Bessent added, "They continued buying, and they've been hoarding, and they have cut off exports of many products."Β On US-China relations, he told reporters he's been in contact with Chinese officials about the hoarding issue.Β He declined to comment on whether the dispute and elevated tensions will derail an upcoming Trump-Xi meeting in Beijing, which has been pushed to mid-May. "I think the message for the visit is stability. We've had great stability in the relationship since last summer; that emanates from the top down," he said. "I think that communication is the key." Bessent added that the US military blockade would ensure that no Chinese tankers or other ships would pass the strait: "So they're not going to be able to get their oil. They can get oil. Not Iranian oil."Β Last week, International Energy Agency chief Fatih Birol warned that governments must avoid panic hoarding and refrain from imposing fuel export bans as the Gulf energy shock continues to ripple outward to Asia, Africa, Europe, and eventually reaches the US West Coast. "I urge all countries not to impose bans or restrictions on exports," Fatih Birol emphasized in a Financial Times interview. "It is the worst time when you look at the global oil markets. Their trade partners, their allies and their neighbors will suffer as a result." The FT noted that Birol was "careful not to name China directly," but made very clear his warning was likely aimed at Beijing. So Bessent is clearly keeping a running tally of Beijingβs behavior as an "unreliable global partner," and by his count, the number now stands at three. What comes next is unclear, but the next signal will likely come from the upcoming Trump-Xi meeting. * * * Tyler Durden Wed, 04/15/2026 - 21:20
Business Financial Distress Nears COVID Levels As Sole Trader Numbers Rise Authored by Rex Widerstrom via The Epoch Times (emphasis ours), The volume of businesses struggling to pay their debts in Australia is on track to exceed the heights set during the COVID-19 pandemic, according to two reports on the nationβs economic health. Australian dollar coins and banknotes in Melbourne, Australia on April 4, 2024. AAP Image/Joel Carrett Up to 13 percent of working-age Australians and 47 percent of secondary school students want to work for themselves or start a business, but thatβs not translating into a pipeline of new enterprises, according to the Committee for the Economic Development of Australia (CEDA). βOur analysis shows the proportion of business owners in the workforce has declined steadily over the past two decades and fell to a record low last year. The decline has been sharpest for owner-managers with employees and less steep for solo owner-operators. It is evident across all age groups, including younger workers,β said CEDA Chief Executive Melinda Cilento. While the total rate of business formation has grown moderately over the past decade, it has been almost entirely driven by growth in sole traders. In contrast, entry rates for businesses that employ staff declined steadily through the 2000s and has since been relatively flat. This trend has coincided with the rise in second jobs, βside hustles,β and digital-platform work. βStarting a side hustle or taking on gig work can be a flexible way to get started and gain some hands-on experience,β Cilento said. βBut the evidence suggests most of these activities are intended only to top-up household income, and not to build the next generation of employing firms. βIf we want a more productive, competitive, and resilient economy, we need to make it easier for people to turn a good idea into a growing enterprise.β To help achieve that, CEDA wants the federal government to use next monthβs federal Budget to introduce further cuts to βred tapeβ and to review existing business support programmes. This entails eliminating redundant or out-of-date regulatory obstacles, streamlining the application process for grants and other support programmes, and expanding access to financing and insurance. The government should also promote business advice and training more effectively, and remove anti-competitive obstacles that hinder the entry and expansion of new businesses, CEDA says. Auditors Sound Warning Meanwhile, 2025 was a record year for βgoing concernβ notices for businesses unable to pay their debts with in the next 12 months, according to Chartered Accountants. The group was concerned about the viability of 28 percent of Australian-listed companies outside the mining sector, up from 20 percent in 2021. That compares to 15 percent in New Zealand and approximately 8 percent in comparable highβincome countries internationally. Among Australian miners, the figure increased to nearly half, up from 32 percent in 2021. βThis level of uncertainty exceeds that seen at the height of the COVID disruptions and reflects the cumulative impact of global trade uncertainty, market volatility, higher interest rates, and persistent inflationary pressures on business viability,β said Chartered Accountants Australia and New Zealand (CA ANZ). Its report, βInsights into 2025 auditor reports: A focus on going concern,β was conducted in partnership with the Universities of Melbourne and Queensland, and took place before the current Middle East conflict and its resulting energy price shock. βAuditors are now flagging greater uncertainty than during the pandemic itself, which shows how sustained economic pressures around liquidity, refinancing, and future profitability can be just as challenging for businesses as an acute shock,β said Amir Ghandar. While mining is under particular pressure, the conditions are also affecting otherΒ capital-intensive industries such as information technology and health care. Tyler Durden Wed, 04/15/2026 - 20:55
Major Israeli PAC Flips: Tel Aviv Should Pay Out-Of-Pocket If It Wants US Weapons via Middle East Eye The pro-Israel advocacy group J Street is now calling for an end to "direct" US military support to Israel, per a newΒ policy documentΒ published this week.Β The group had previously backed Washington's continued provision of defensive weapons systems, such as the replenishment of Israel's Iron Dome, at no cost toΒ Israelis.Β Now, it says the US "should continue to sell" short-range air and ballistic missile defense capabilities to Israel, but Israel should use its own money to pay for them.Β Source: Times of Israel "Israel faces real security challenges that require a significant defense investment. With a per capita GDP comparable to leading US allies such as the United Kingdom, France and Japan, as well as an annual defense budget of over $45 billion, it has the financial means to address these challenges," J Street said.Β "It does not require almost $4 billion per year in US financial subsidies to purchase weapons," it added. "Continuing this assistance is both unnecessary and politically counterproductive, creating avoidable tensions in US domestic politics and in the bilateral relationship." The way the current military aid package operates is that the US provides Israel with American taxpayer funds, and those funds are put into US weapons companies to acquire equipment.Β On its website, J Street says that it "organizes pro-Israel, pro-peace, pro-democracy Americans to promote US policies that embody our deeply held Jewish and democratic values and that help secure the State of Israel as a democratic homeland for the Jewish people".Β Political tide turns J Street's shift follows a distinctΒ change in attitudesΒ towards Israel among the American public after what has been widely labeled genocide in Gaza, where over 72,000 Palestinians have been killed since Israel's war on the enclave broke out in October 2023.Β But perhaps more importantly for the group, whose support base is made up of Democrats, the party's future is changing course. Progressive New York Congresswoman Alexandria Ocasio-Cortez, who is widely believed to be seeking higher office,Β announcedΒ earlier this month that she would no longer vote for any US military support to Israel, despite having previously backed the provision of defensive weapons, much to the disappointment of many of her supporters.Β It is notable, however, that her statement followed Israeli Prime Minister Benjamin Netanyahu's surprise declaration earlier this year that Israel will not seek to renew its military aid package with the US in 2028. "I want to taper off the military aid within the next 10 years," all the way down to zero, Netanyahu told The Economist in January.Β J Street's new position demands that any future US arms sales that Israel pays for out-of-pocket "be fully consistent with American law", which echoed Ocasio-Cortez's statement. US law prohibits security assistance to any country whose government engages in a consistent pattern of gross human rights violations or blocks or restricts the transport or delivery of US-backed humanitarian aid. This moment demands a reset. J Street is calling for the U.S. to end unconditional financial military subsidies to Israel and to move towards a relationship where we treat Israel like any other ally. J Street supports: β Phasing out taxpayer-funded military aid by 2028, when theβ¦ β J Street (@jstreetdotorg) April 13, 2026 "US arms sales to Israel should be further conditioned to incentivize alignment with American interests and laws - as has been the case with other allies and partners β when their behavior is inconsistent with US interests," J Street said.Β At the same time, the group acknowledges that Washington and Israel generally share the same interests anyway. "The US also benefits meaningfully from the relationship. Intelligence sharing has been critical in campaigns such as the fight against ISIS, while joint operations such as Israelβs 2006 strike on Syriaβs secret nuclear facility have advanced shared security goals." It added that because "approximately 500,000 American citizens live in Israel", selling it weapons should continue to be a US national security priority.Β Tyler Durden Wed, 04/15/2026 - 20:05
China's Unitree Unveils Robot With "Human-Like Physique" That Can Outrun Most People The race for bipedal humanoid robot intelligence has certainly been in the news, with robots receiving "AI brains" that have already brought them onto factory floors and will likely become moreΒ visible in the public world in the coming years (see UBS).Β But there is another race that Chinese robot maker Unitree is simultaneously part of, and that is actual speed. In recent days, Unitree posted a video on X titled "Unitree Breaks the World Record Again," indicating that one of its humanoid robots now has the "physique of an ordinary person, running at a world champion's speed." Unitree said the robot completed a sprint at 10 meters per second, or 22.4 mph. For context, the fastest human sprint speed ever recorded was Usain Bolt's 27.8 mph during his 100-meter world record run at the 2009 World Championships in Athletics. 10m/s!! Unitree Breaks the World Record Againπ With the physique of an ordinary person, running at a world championβs speed! Leg length: 0.4+0.4=0.8m, body weight: approx. 62kg! H1: βGive me one more chance, give the world one more honor!β pic.twitter.com/Fk4Zo9zKit β Unitree (@UnitreeRobotics) April 11, 2026 Related: Will Chinese Robot Maker Unitree's Shanghai IPO Spark A Humanoid-Investing Bubble Combine intelligence with speed, and the world is certainly racing toward the rise of robots that could one day chase down a human or even appear on the battlefield. That's likely already happened.Β Tyler Durden Wed, 04/15/2026 - 19:40
Waymo Partners With Waze To Use Self-Driving Cars To Track Potholes Authored by Dylan Morgan via The Epoch Times (emphasis ours), Two Alphabet-owned companies, Waymo and Waze, announced on April 9 that they will team up to detect potholes and share that information with local government agencies to help get them filled more efficiently. A self-driving Waymo vehicle awaits passengers in Los Angeles on July 1, 2025. John Fredricks/The Epoch Times βWaymo is already making roads safer where we operate,β said Arielle Fleisher, the companyβs policy development and research manager, in a statement. βWe want to build on the safety benefits of our service by partnering with organizations and city officials to help improve the infrastructure we all depend on.β Waymo, which started out as a Google self-driving car project in 2009 and spun out into its own company under Alphabet in 2016, said the pothole program was inspired from feedback it gathered from city officials over the years and is intended to fill reporting gaps. Waymos are covered with cameras and sensors. The company said it will use its feedback systems to detect potholes and share that information through Wazeβs platform, which users will be able to verify. Waze, a GPS navigation app that lets drivers alert others with live updates, was acquired by Alphabet-subsidiary Google in 2013 for around $1.1 billion. βThis pilot program with Waymo adds another source of data to that effort, giving cities a clearer picture of road conditions through our Waze for Cities platform. Itβs a great example of how working together helps our community and makes our roads better for everyone,β Waze Strategic Partner Manager Andrew Stober said. Waze and Waymo will launch the pilot program in five areasβthe San Francisco Bay Area, where the two companies are headquartered in Mountain View, as well as the Los Angeles, Phoenix, Austin, and Atlanta metro areas. βWe appreciate the collaboration with Waymo and Waze as we explore how technology can help identify issues like potholes faster so we can respond more efficiently,β San Jose Mayor Matt Mahan said in a statement. βWeβre always looking for innovative ways to deliver better services for residents.β Waymo said it has already identified around 500 potholes in these locations and will work to expand the program to more cities it serves. Alongside these five locations, Waymo also operates in Dallas, Houston, Miami, Nashville, Orlando, and San Antonio. The Nashville location is the newest addition, as Waymo started allowing users in Nashville on a rolling basis on April 7. The company also announced in February that it will expand to Charlotte, Chicago, and Sacramento, where it has released its fleet to begin gathering data on Sacramentoβs streets. Tyler Durden Wed, 04/15/2026 - 19:15




