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10 MLK Day Reads

The Big Picture -

My (somewhat relevant?) Martin Luther King Day reads:

New High of 45% in U.S. Identify as Political Independents: More independents lean Democratic than Republican, giving Democrats edge in party affiliation for first time since 2021. (Gallup)

Why are federal agents gunning down Americans in the streets? The shooting of Renee Good, like all of the ICE abuses, is symptomatic of a deeper mental illness. (Noahpinion) see also The Consequences of Rejecting “Defund the Police” Political cowardice is paid for in blood. (How Things Work)

The Plot to Redraw America: How Donald Trump launched a redistricting caper he couldn’t pull off. (Politico)

Why Are Credit Card Rates So High? Capping rates would cause banks to pull back their lending in this space. Only those with solid credit scores would be able to borrow. Those who rely on credit cards to finance their lifestyle would be forced into payday loans or other more onerous borrowing schemes. (A Wealth of Common Sense)

Behind the Curtain: AI rush creates rarified class of “Have-Lots” For the bottom 50%, the economy, by historical standards, is fine. Wages are growing, unemployment is low, and inflation is moderate. But the mood is sour, as shown by sky-high pessimism about their personal future and AI. (Axios)

The wild card group that could scramble America’s political alliances: Why Catholics could be the key to Trump’s opposition. (Vox)

ICE Prosecutor in Dallas Runs White Supremacist X Account: The Observer has identified the operator of “GlomarResponder,” an overtly racist social media account, as ICE Assistant Chief Counsel James Rodden, based on an overwhelming number of biographical details matched through publicly available documents, other social media activity, and courtroom observation. (Texas Observer)

You’ve Heard About Who ICE Is Recruiting. The Truth Is Far Worse. I’m the Proof. What happens when you do minimal screening before hiring agents, arming them, and sending them into the streets? We’re all finding out. (Slate) see also What to Do if ICE Invades Your Neighborhood: With federal agents storming the streets of American communities, there’s no single right way to approach this dangerous moment. But there are steps you can take to stay safe—and have an impact. (Wired) see also How Donald Trump Has Transformed ICE: A former D.H.S. oversight official on what, legally, the agency can and can’t do—and the accountability mechanisms that have been “gutted beyond recognition.” (The New Yorker)

The Oceans Just Keep Getting Hotter: For the eighth year in a row, the world’s oceans absorbed a record-breaking amount of heat in 2025. It was equivalent to the energy it would take to boil 2 billion Olympic swimming pools. (Wired)

Renfrew Christie, Who Sabotaged Racist Regime’s Nuclear Program, Dies at 76: He played a key role in ending apartheid South Africa’s secret weapons program in the 1980s by helping the African National Congress bomb critical facilities. (I imagine MLK would have approved his civil disobedience). (New York Times)

Be sure to check out our Masters in Business interview this weekend with Nobel laureate Richard Thaler and his University of Chicago Booth School colleague Alex Imas on the update and reissue of his classic book The Winner’s Curse.

 

The United States Spends More on Defense than the Next 9 Countries Combined

Source: Peter G. Peterson Foundation

 

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Ethereum Validator Exit Queue Tumbles To Zero As Staking Demand Soars

Zero Hedge -

Ethereum Validator Exit Queue Tumbles To Zero As Staking Demand Soars

Authored by Brayden Lindrea via CoinTelegraph.com,

The Ethereum staking validator exit queue has dropped to zero - signaling a dramatic fall in selling pressure and strengthening confidence in Ether (ETH) as a yield-bearing asset.

Data from Ethereum Validator Queue shows the exit queue has fallen from its September 2025 peak of 2.67 million Ether (ETH) to 0 ETH, while the entry queue has risen more than fivefold over the last month to 2.6 million ETH, the highest since July 2023.

Wait times for the entry queue have now stretched out to 45 days, while exiting ETH is being processed in a matter of minutes.

Ethereum staking entry and exit queue data. Ethereum Validator Queue

Industry analysts said the massive staking inflows strengthen ETH’s supply-demand dynamic, potentially setting the stage for sustained upward price momentum in the coming months.

“Once the entry queue converts into active validators, the staking rate moves higher and pushes toward new all-time highs,” Onchain Foundation’s head of research Leon Waitmann said on Monday.

 “Bullish set-up for the coming months.”

The massive inflows have been partly pushed by institutional demand for ETH staking yields, which is currently around 2.8% Annual Percentage Rate.

BitMine Immersion Technologies, led by chairman Tom Lee, has been a contributor, having staked over 1.25 million ETH, more than a third of its total ETH holdings.

Nearly half of all ETH is in PoS deposit contract

Crypto analytics platform Santiment noted that more than 46.5% of the total ETH supply is now in the ETH proof-of-stake deposit contract at 77.85 million ETH, worth $256 billion at current prices.

Change in ETH Proof-of-Stake Deposit Contract since Jan. 2016. Source: Santiment

The total staked ETH stands at about 36.1 million, representing around 29% of the total supply, Beaconcha.in data shows.

Despite the bullish indicator, ETH’s current price of $3,300 is still down from its $4,946 all-time high set on Aug. 4, 2025, CoinGecko data shows.

Tyler Durden Sun, 01/18/2026 - 15:10

“Intensity Is Overrated, Consistency is Underrated”

The Big Picture -

 

 

Fascinating discussion by Shane Parrish on Peter D. Kaufman:

“Peter has been the chairman and CEO of GlenAir since 1977. And he’s got a track record that puts him in the top 0.001% of business leaders during that time. He’s also the editor of Poor Charlie’s Almanack and was one of Charlie Munger’s closest friends for decades.

In a talk never meant to be made public, he revealed the secrets of multidisciplinary thinking. Someone unfortunately recorded the talk without his permission. It became hugely popular, and eventually Peter allowed the complete talk to be transcribed and posted on FS.”

 

 

Audio on ​Apple Podcasts | SpotifyTranscript

 

 

Source:
The Multidisciplinary Approach to Thinking
by Shane Parrish
The Knowledge Project, January 13, 2026

 

The post “Intensity Is Overrated, Consistency is Underrated” appeared first on The Big Picture.

Pentagon Puts 1,500 Arctic-Trained Troops On Standby For Minnesota Deployment Amid Left-Wing Chaos

Zero Hedge -

Pentagon Puts 1,500 Arctic-Trained Troops On Standby For Minnesota Deployment Amid Left-Wing Chaos

The Pentagon has placed 1,500 active-duty troops on prepare-to-deploy status for a possible deployment to the Minneapolis metro area if social unrest escalates in the sanctuary city governed by left-wing politicians, according to multiple reports from ABC News and The Washington Post, both citing unnamed defense officials.

"The Department of War is always prepared to execute the orders of the Commander-in-Chief if called upon," Chief Pentagon spokesman Sean Parnell told CNN.

WaPo and ABC reported that the 1,500 active-duty troops are assigned to two U.S. Army infantry battalions under the 11th Airborne Division, which is based in Alaska. The soldiers specialize in cold-weather operations, as temperatures in Minneapolis are in the single digits.

On Saturday afternoon, we reported that Gov. Tim Walz mobilized the National Guard to support the Minnesota State Patrol and other local law enforcement. These Guardsmen would focus on public safety support, such as traffic control and protecting life and property.

President Trump has already sent 3,000 federal agents from ICE and Border Patrol to Minneapolis and nearby St. Paul this month, as part of a massive federal deportation operation to arrest and deport criminal illegal aliens that are being shielded by corrupt Democratic politicians.

On the ground, federal agents have faced militant left-wing groups, such as Antifa and Antifa-adjacent organizations, waging pressure campaigns to derail federal operations. There have also been so-called "legal observers," including left-wing activists, who have attempted to disrupt these deportation operations. In addition, dark-money-funded NGOs are aiding these pressure campaigns against federal authorities.

Even the unhinged Minneapolis Mayor Jacob Frey admitted these pressure campaigns were being supported by a network of nonprofits.

These pressure campaigns against the feds have prompted Trump to publicly say that he could use the "Insurrection Act" to quell the manufactured chaos by left-wing agitators.

"If the corrupt politicians of Minnesota don't obey the law and stop the professional agitators and insurrectionists from attacking the Patriots of I.C.E., who are only trying to do their job, I will institute the INSURRECTION ACT," Trump posted on Truth Social.

Meanwhile, CBS News reported Saturday that the Justice Department is investigating Gov. Walz and Minneapolis Mayor Jacob Frey over an alleged conspiracy to impede federal immigration agents during deportation operations (read report).

Left-wing chaos is unfolding even in frigid weather. Just wait until the Democratic Party's billionaire-funded protest industrial complex ramps up in the spring; the manufactured unrest is only beginning. The clock is ticking for the Trump administration to fracture the left-wing billionaire family foundations, foreign money pipelines, and nonprofit networks waging a color revolution against all things "America First" agenda.

Tyler Durden Sun, 01/18/2026 - 14:35

Oil, Dollars, Gold, & Venezuela In A Nutshell

Zero Hedge -

Oil, Dollars, Gold, & Venezuela In A Nutshell

Authored by Matthew Piepenburg via VonGreyerz.gold,

Putting any kind of bow on the current headlines to conveniently explain or “wrap up” recent events in Venezuela would be a fool’s errand. The extraordinary mix, as well as polarized views, as to the personalities, policies, economics, military acumen, and even international legality of the entire saga makes consensus impossible.

Political Optics?

The operation itself, of course, has all the Hollywood features of a daring and successful military drama, which can create tailwind optics for a President.

The opposite, of course, happened for Jimmy Carter, when his April 1980 Iranian hostage rescue mission stalled tragically in the desert, along with any hope of his re-election shortly thereafter.

Political “optics,” however, are often as short and capricious as politics itself. We all remember, for example, President Bush’s famous “mission accomplished” moment on the deck of the USS Abraham Lincoln long before the mission, in fact, was not accomplished…

From Politics to Economics

But moving away from the undeniably swampy terrain of politics to the Realpolitik of hard math, we can begin to discern certain financial and sovereign motives that speak far more honestly than patriotic narratives of bringing “bad guys” to justice or the stemming of drug trafficking.

There is something far more basic, and even mathematical, behind the headlines in Venezuela whose roots lie years deeper, and whose ripple effects will run far longer into an admittedly unknowable yet nevertheless somewhat precarious future.

The Past – Hegemonic to Broke(n)

This future will directly involve, and impact, gold’s international profile in the years ahead. But to put the present and even future into a greater context, let’s first take a brief look backwards.

For years, we have tracked, debated and observed the many intertwining themes of the slow decline of American hegemony on the global stage and its widening economic fissures and inequalities at the national level.

As always, the familiar themes begin with irrational and unsustainable debt levels, which have compounded under every red or blue administration since Nixon took away the gold standard in 1971.

What followed was an era of extraordinary credit expansion and hence currency debasement, wealth inequality, social unrest and the subsequent centralization schemes which always follow.

Within this mix of ever-changing financial forces and headlines, of course, includes the central theme of the U.S. Dollar and Treasury markets, whose health and strength are absolutely central to U.S. hegemony on the global stage. Period.

Times, Dollars & Trust Are Changing

But that USD and UST, we also know, have been losing strength, credibility and trust in the backdrop of a world slowly moving away from a paper-money system in general and a weaponized USD in particular.

The reasons and forces behind the mounting de-dollarization headlines are both complex yet paradoxically simple.

At a basic level, the over-issuance of IOUs from a nation whose debt levels have gone from $250B in 1971 to $38T in 2026 speaks for itself.

The trillions in mouse-clicked dollars engineered by the Fed to monetize those IOUs and the credit expansion that followed has had an undeniable impact on the absolute purchasing power of that USD.

This is objectively apparent when recognizing the dollar’s 99% decline in purchasing power when measured against gold since 1971.

In addition to the distrust which always follows an IOU or currency from an over-indebted issuer, the subsequent weaponization of the dollar in 2022 only made Uncle Sam’s UST and USD even less trusted and hence less demanded.

The World Is Catching On

Central banks, seeing this growing distrust, had been net-selling USTs and net-stacking gold since 2014:

Through no coincidence at all, the pace of this move toward gold tripled after the 2022 sanctions.

Unsurprisingly, central banks now hold more gold than USTs. Even the BIS can’t help but confess that gold is a superior strategic reserve asset than the once-sacred US 10Y Treasury Bond.

This now obvious move away from the dollar toward gold is no longer a warning or cry from the “gold-bug” camp, but a neon indicator of the structural shift in a global trading and monetary system in open flux.

A Nervous U.S. Resisting Change

Needless to say, the US is therefore admittedly concerned.

It needs a commanding currency and buyers for its IOUs beyond just the Fed itself. At some point, too much QE becomes an open signal that the U.S. (and its Greenback) has become broken beyond repair and hence respect.

This explains other alternative-QE tricks in consideration, such as a possible gold revaluation measure.

Such realities, of course brings us full circle back to the headlines of Venezuela, which are intrinsically connected to the complex interplay of the USD, the UST, the oil markets, and, you guessed it, gold itself.

Oil & USTs: The Traditional Pillars of U.S. Hegemony

I have written about the brief history and changing patterns of the critical petrodollar arrangement and gold’s evolving place in its narrative in prior reports herehere, and here.

To simplify, the petrodollar, “agreed” between the U.S. and the OPEC alliance led by Saudi Arabia shortly after the dollar’s gold-decoupling in 1971, was of central importance to maintaining the USD’s dominance in the global currency system.

By effectively tying global oil sales to the USD, the petrodollar arrangement provided an extraordinary source of demand for a dollar whose supply, following its gold decoupling, was otherwise unlimited.

Acting as a treaty-based “sponge” to absorb otherwise grossly over-produced dollars, the petrodollar system was a therefore an essential buffer against otherwise unsustainable currency debasement.

Equally beneficial to Uncle Sam, the petrodollar system mandated that the producers of that oil earmark a significant percentage of their oil revenues toward the purchasing of Uncle Sam’s IOUs. This served as an undeniable source of support for the UST market and hence America’s ability to expand its debt issuance at levels no other nation in the world could mirror.

In short, the petrodollar became an extraordinary source of both USD and UST demand, making global oil sales via the petrodollar a critical pillar to U.S. financial hegemony.

2026 Is not 1974…

In exchange for this dollar-backed oil arrangement, Saudi Arabia/OPEC received U.S. protection from the Soviets in a cold war era that has changed in the intervening decades since 1974.

What has also changed in those intervening decades, of course, are U.S. debt levels, bond yields, dollar strength, and post-2022 trust in the USA.

As de-dollarization headlines increased in the post-sanction era, there was much hype about the end of the petrodollar when Saudi Arabia waffled on renewing/extending its dollar peg in 2025.

As there was no formal petrodollar treaty ratified by the Senate, technically either side could opt out, but in fact, the Saudis were considering a petrodollar 2.0 contingent upon Israel’s culmination of its war in Gaza.

Wobbling Pillars

By 2025, 20% of Saudi oil was being sold in euros, not dollars, but Trump was offering more carrot than stick to keep the petrodollar going, for obvious reasons.

Meanwhile, however, the Saudis, for the equally obvious reasons listed above, were not blind to the USD’s weakening credibility, the UST’s weakening yields (compared to the 1970’s) and China’s strengthening desire to find a non-dollar energy solution.

Furthermore, anyone, including OPEC, who tracked oil prices throughout the decades, knew full well that oil priced in gold was infinitely more stable than oil priced in USD.

In short, the petrodollar pillar to USD hegemony was not broken, but it was certainly wobbling.

From Nervous to Violent

The U.S. was thus nervous.

Dollar-backed oil is essential to its paper currency’s survival, which is precisely why figures like Muammar Gaddafi and Saddam Hussein, who had each tried to sell their oil outside the dollar, did not, well… survive at all.

As Kissinger noted decades ago, commanding a world reserve currency equally requires the world’s strongest military. In short, monetary and military might went hand-in-hand to protect U.S. interests.

Thus, the recent military actions in Venezuela don’t require too much imagination to understand. Regardless of whether they were right or wrong, the actions against Nicolas Maduro were a classic reminder of oil’s importance to the U.S.

Which raises the obvious question: Can any major oil power ever leave the petrodollar without a fight?

Although China took only 4% of Venezuelan oil in Yuan purchases from the Belt & Road Initiative, 95% of Iran’s oil goes to China and is sold in Yuan, not dollars. Is it any coincidence that “regime change” in Iran is an almost daily headline?

Folks—it’s all about the oil…

Looking Ahead

The US, whose dollar share of global FX reserves has been sinking like a stone in the past two decades, is viscerally worried about a de-dollarizing world in which the BRICS in general, and China in particular, are developing gold-backed trading currencies and other systems (the BRICS “Unit”, M-Bridge membership, BRICS-Pay etc.) to trade resources in general, and oil in particular, outside the USD.

Again: This terrifies Washington DC.

Could 15 to 20 nations in the global south develop a new oil trade currency via a basket of weighted currencies outside the USD? Could the Saudis slowly look away from the petrodollar?

No one can predict the precise nature, policies, agreements or even wars of the future when it comes to oil and the dollar. We can only track past patterns and measure current cracks in the old system.

And Gold, Of Course…

What we are currently seeing in Venezuela may be desperate, but it’s no surprise.

US refineries are designed for the heavy crude which Venezuela holds. And within hours of meeting representatives from China, Maduro was coincidentally whisked away by DELTA forces before a larger arrangement could be met.

It’s also worth noting that billions worth of Venezuelan gold was frozen in their accounts at the Bank of England.

In short, this interplay of dollars, USTs, oil and gold is also no coincidence.

If the petrodollar weakens in any meaningful way, USTs, already seeing a dramatic decline in demand, would fall even further, meaning UST yields, and hence the cost of Uncle Sam’s massive debt burden, would become fatal rather than just embarrassing.

Such a scenario would compel the Fed to initiate extraordinary money-printing to support Uncle Sam’s unloved IOUs, thereby debasing its paper dollar even more and sending gold’s relative valuations considerably higher.

In addition to such monetary desperation, military desperation is an equally concerning possibility.

I, of course, do not know the future. No one does. We can only track patterns, motives, debt levels and hence debt-based desperations, in everything from stablecoins to foreign policy.

What we can all see and agree upon, however, is that things are clearly changing and shaking up as the chaos meter rings louder with each headline.

Gold, of course, loves chaos, and in a world of dying paper currencies, fracturing geopolitics, systemic monetary shifts and wars, or rumors of wars, gold’s secular direction today and tomorrow should be of no surprise to anyone paying attention.

Tyler Durden Sun, 01/18/2026 - 12:50

Trump Wants $1BN Fee From States Seeking To Join Gaza Peace Board

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Trump Wants $1BN Fee From States Seeking To Join Gaza Peace Board

According to a Saturday Bloomberg report, the Trump administration is asking nations interested in holding a permanent seat on a proposed Gaza Strip "Board of Peace" to pledge at least $1 billion in funding.

Bloomberg described that US allies and regional partners have already been briefed on the concept as part of wider diplomatic efforts to influence and direct Gaza's future after the Israel-Hamas conflict.

via AFP

The intent of the funding threshold is reportedly to ensure that participating countries have substantial financial involvement in stabilizing the territory and supporting long-term redevelopment.

Washington seems to be arguing that spreading the financial burden internationally is critical to preventing American taxpayers from shouldering most of the reconstruction costs. Sadly, this was of no concern when the same taxpayers were footing the bill for billions in weaponry and foreign aid for Israel over prior years - even as Palestinian neighborhoods got flattened by US bombs.

Officials privy to internal deliberations told Bloomberg, "Several European nations have been invited to join the peace board. The draft appears to suggest Trump himself would control the money, something that would be considered unacceptable to most countries who could have potentially joined the board."

The Times of Israel has obtained a copy of the text of the board's charter, which says, "Each Member State shall serve a term of no more than three years from this Charter’s entry into force, subject to renewal by the Chairman (Trump)."

"The three-year membership term shall not apply to Member States that contribute more than USD $1,000,000,000 in cash funds to the Board of Peace within the first year of the Charter’s entry into force," it added. 

As we detailed earlier, among the "founding executive board" members are US Secretary of State Marco Rubio, presidential special envoy Steve Witkoff, Trump’s son-in-law Jared Kushner, and former British Prime Minister Tony Blair.

The board also includes private equity executive Marc Rowan, World Bank President Ajay Banga, and US national security adviser Robert Gabriel, according to a White House statement.

The board, to be chaired by Trump, will oversee the Palestinian technocratic committee-also known as the National Committee for the Administration of Gaza (NCAG)-which will be led by former Palestinian Authority official Ali Abdel Hamid Shaath.

An anonymous official has sought to ensure to Bloomberg that almost every dollar raised will be "used to execute its mandate" - in reference to the Gaza board and rebuilding and stabilizing the strip. Given that so far Palestinian representation is a small minority, most Gazans will probably remain deeply distrustful of this US-backed and controlled board.

Tyler Durden Sun, 01/18/2026 - 12:15

The $134 Billion Betrayal: Inside Elon Musk’s Explosive Lawsuit With OpenAI

Zero Hedge -

The $134 Billion Betrayal: Inside Elon Musk’s Explosive Lawsuit With OpenAI

Elon Musk’s lawsuit against OpenAI and Microsoft has evolved into a high-stakes dispute over whether OpenAI stayed true to the mission it was founded on or quietly outgrew it while relying on that original promise.

Musk is seeking between $79 billion and $134 billion in damages, a figure derived from an expert valuation that treats his early funding and contributions as foundational to what OpenAI later became. While the number is enormous, the heart of the case is simpler: Musk argues he helped create and fund a nonprofit dedicated to AI for the public good, and that OpenAI later abandoned that commitment in a way that amounted to fraud.

According to Musk’s filings, his roughly $38 million in early funding was not just a donation but the financial backbone of OpenAI’s formative years, supplemented by recruiting help, strategic guidance, and credibility. His damages theory, prepared by financial economist C. Paul Wazzan, ties those early inputs to OpenAI’s current valuation of around $500 billion.

The claim is framed as disgorgement rather than repayment, with Musk arguing that the vast gains realized by OpenAI and Microsoft flowed from a nonprofit story that attracted support and trust, only to be discarded once the company reached scale, according to TechCrunch

Much of the public attention has centered on internal documents uncovered during discovery, particularly private notes from OpenAI co-founder Greg Brockman in 2017.

One line has become central to Musk’s argument: “I cannot believe that we committed to non-profit if three months later we’re doing b-corp then it was a lie.”

Musk’s legal team treats this as evidence that OpenAI’s leadership understood the nonprofit commitment was being undermined and worried about how that would look to Musk, the organization’s biggest early backer. In Musk’s telling, OpenAI used the nonprofit identity to get off the ground, then pivoted toward for-profit structures and a deep partnership with Microsoft that fundamentally changed who the company served.

The scale of the damages also feeds Musk’s narrative. Given his immense personal wealth, OpenAI has argued that the lawsuit is about money. Musk counters, implicitly, that the size of the claim reflects the size of what was built on the original promise, not personal need. OpenAI, for its part, has characterized the case as part of an “ongoing pattern of harassment” and a tactic to slow a competitor while Musk builds his own AI company.

OpenAI’s response disputes both the facts and the framing. In a blog post responding to Musk’s filings, the company said, “In his latest court filing, Elon cherry-picks and publishes snippets from Greg Brockman’s private journal entries … which, when read with the surrounding context, tell a very different story from what Elon claims.” OpenAI argues that as early as 2017, it was openly discussed that developing advanced AI would require far more capital than a nonprofit could realistically raise, and that Musk was involved in those conversations.

According to OpenAI, Musk agreed that some form of for-profit structure would be necessary, as long as the nonprofit mission continued in some form, OpenAI said in a blog post responding to the lawsuit.

OpenAI also says the relationship unraveled over control, not deception. As the company puts it, “The truth is that we and Elon agreed in 2017 that a for-profit structure would be the next phase for OpenAI; negotiations ended when we refused to give him full control; we rejected his offer to merge OpenAI into Tesla; we tried to find another path to achieve the mission together; and then he quit OpenAI.” From this perspective, Musk left because he could not dictate OpenAI’s future, not because he was misled about it. OpenAI has gone further, calling the lawsuit Musk’s “fourth attempt” at similar claims and “part of a broader strategy of harassment.”

At trial, the fight will hinge on how a jury interprets those internal notes and conversations. Musk says they reveal leaders who knew the nonprofit promise could not survive and worried about admitting it. OpenAI says they show a team struggling honestly with how to fund an ambitious mission without surrendering it, while resisting Musk’s demand for dominance.

The outcome will shape not just who wins or loses billions, but how far Silicon Valley founders can stretch lofty missions before courts decide they crossed the line from evolution into deception.

Tyler Durden Sun, 01/18/2026 - 09:56

Ahead Of Mass Adoption Cycle: A Full Supply-Chain Breakdown Of Smart Glasses

Zero Hedge -

Ahead Of Mass Adoption Cycle: A Full Supply-Chain Breakdown Of Smart Glasses

Smart glasses took center stage at CES 2026 in Las Vegas last week, highlighting a new generation of AI-enabled eyewear integrated with real-time assistants.

In Meta's case, the push is clearly toward affordability and mass adoption, positioning these glasses as everyday consumer electronics rather than super expensive niche hardware for elites.

A lesson for smart glasses manufacturers is not to repeat Apple's misstep with the prohibitively priced Vision Pro, which crushed any chance of widespread adoption and eventually led to the exodus of developers.

Before affordable smart glasses hit the consumer market this year and next, Goldman analyst Jerry Shen published a clear, straightforward view of the AI and AR glasses supply chain, breaking it down by the companies that supply the critical components behind these devices.

We suspect demand will accelerate this year after a Bloomberg report earlier this week revealed that Meta has asked its smart-glasses manufacturing partner, EssilorLuxottica, to double production capacity for AI-powered smart glasses by year-end.

Tyler Durden Sun, 01/18/2026 - 09:55

Macy's Closing Two Fulfillment Centers, Laying Off 1,000 Workers

Zero Hedge -

Macy's Closing Two Fulfillment Centers, Laying Off 1,000 Workers

Macy’s will close its two fulfillment centers in Cheshire later this year, a move that will affect nearly 1,000 employees, according to a company notice released Tuesday and reported by WFSB

The facilities on Knotter Drive and West Johnson Avenue will shut down. A small group of maintenance workers will remain through spring 2027 to assist with the closure, but most employees are expected to lose their jobs this year.

Cheshire’s town manager said the community was notified and is working with state and regional agencies to help displaced workers. In a statement, the town said:

“The Town of Cheshire is deeply saddened by Macy’s decision to close its Logistics Fulfillment Center, resulting in the elimination of nearly 1,000 jobs. Macy’s has been a valued member of our community since 1986 and has consistently been one of Cheshire’s top ten employers, making this a significant loss for our town.

Our thoughts are with the employees and families impacted by this decision. The Town has been in contact with Macy’s management, the Northwest Regional Workforce Board, and the Connecticut Department of Labor to coordinate assistance for affected workers, including plans for a job fair and access to employment and transition resources.

Cheshire remains committed to supporting impacted employees and will continue working with our regional and state partners during this transition.”

The announcement follows the October decision to close Macy’s South Windsor distribution center in early 2026. Layoffs there include warehouse workers, equipment operators and supervisors, with job eliminations occurring between December 28, 2025, and January 10, 2026.

Macy’s said the changes are part of a broader effort to streamline operations. “Macy’s, Inc. is continuing to simplify and modernize our supply chain to better serve customers and operate more efficiently. As part of this work, we are concluding Backstage operations at our South Windsor, CT facility and centralizing them at our dedicated off-price facility in Columbus, OH. Other operations at South Windsor will continue. We’re committed to supporting our colleagues through this transition,” the company said.

Tyler Durden Sun, 01/18/2026 - 08:45

Macy's Closing Two Fulfillment Centers, Laying Off 1,000 Workers

Zero Hedge -

Macy's Closing Two Fulfillment Centers, Laying Off 1,000 Workers

Macy’s will close its two fulfillment centers in Cheshire later this year, a move that will affect nearly 1,000 employees, according to a company notice released Tuesday and reported by WFSB

The facilities on Knotter Drive and West Johnson Avenue will shut down. A small group of maintenance workers will remain through spring 2027 to assist with the closure, but most employees are expected to lose their jobs this year.

Cheshire’s town manager said the community was notified and is working with state and regional agencies to help displaced workers. In a statement, the town said:

“The Town of Cheshire is deeply saddened by Macy’s decision to close its Logistics Fulfillment Center, resulting in the elimination of nearly 1,000 jobs. Macy’s has been a valued member of our community since 1986 and has consistently been one of Cheshire’s top ten employers, making this a significant loss for our town.

Our thoughts are with the employees and families impacted by this decision. The Town has been in contact with Macy’s management, the Northwest Regional Workforce Board, and the Connecticut Department of Labor to coordinate assistance for affected workers, including plans for a job fair and access to employment and transition resources.

Cheshire remains committed to supporting impacted employees and will continue working with our regional and state partners during this transition.”

The announcement follows the October decision to close Macy’s South Windsor distribution center in early 2026. Layoffs there include warehouse workers, equipment operators and supervisors, with job eliminations occurring between December 28, 2025, and January 10, 2026.

Macy’s said the changes are part of a broader effort to streamline operations. “Macy’s, Inc. is continuing to simplify and modernize our supply chain to better serve customers and operate more efficiently. As part of this work, we are concluding Backstage operations at our South Windsor, CT facility and centralizing them at our dedicated off-price facility in Columbus, OH. Other operations at South Windsor will continue. We’re committed to supporting our colleagues through this transition,” the company said.

Tyler Durden Sun, 01/18/2026 - 08:45

The Nascent 'Islamic NATO' Might Soon Set Its Sights On Somaliland

Zero Hedge -

The Nascent 'Islamic NATO' Might Soon Set Its Sights On Somaliland

Authored by Andrew Korybko,

The Somali Defense Minister’s request for Saudi Arabia to replicate its South Yemeni campaign in Somaliland coupled with reports about those two’s and Egypt’s impending alliance that would thus de facto include their Eritrean ally strongly suggest that something big might soon be afoot.

Reports have recently circulated about three separate but complementary military pacts in which Saudi Arabia might soon participate, which could form the core of an “Islamic NATO”. 

Bloomberg got the ball rolling by reporting that Turkiye wants to join September’s “Strategic Mutual Defense Agreement” between Pakistan and Saudi Arabia. Former Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani, who’s still influential, then proposed including Egypt and presumably his own country too.

Bloomberg reported right after that Saudi Arabia is finalizing a military pact with Turkish-allied Somalia and Egypt for curtailing the UAE’s influence in Africa, the concept of which was analyzed here regarding how those three, Pakistan, and Turkiye could jointly advance this goal. On that note, it’s relevant to add that Pakistan clinched its own security pact with Somalia over the summer and then its top military official visited Egypt to discuss regional security, thus signaling Pakistan’s growing role in Africa.

The members of this emerging Saudi-centric coalition all oppose Somaliland’s 1991 redeclaration of independence, which was recently recognized by Israel. Somaliland also has close ties with the UAE and Ethiopia, and all three of its top partners are close with one another too. Ethiopia’s MoU with Somaliland on 1 January 2024 for recognizing its redeclaration of independence in exchange for access to the sea was exploited by its historic Egyptian rival to assemble a containment coalition with Somalia and Eritrea.

Although this nascent “Islamic NATO” might first aim to defeat the allegedly UAE-backed “Rapid Support Forces” in Sudan, they’re much more heavily armed and battle-hardened than the Somaliland Armed Forces, the latter of which might be perceived as so-called “low-hanging fruit”.

Moreover, South Yemen’s “Southern Transitional Council” was just steamrolled by Saudi air support and local Yemeni forces, which might have emboldened Riyadh and its partners to consider replicating that campaign in Somaliland.

It would take time to position Saudi (and possibly Egyptian, Pakistani, and/or Turkish) warplanes in the region (likely based in reoccupied South Yemen if this comes to pass) and for its emerging coalition to train the Somali National Army so this probably won’t happen anytime soon.

Additionally, UAE-aligned Puntland between Somaliland and rump Somalia must first return to the federal fold for enabling an invasion of Somaliland, unless Djibouti joins the coalition and allows its territory to be used for this.

Israel’s recent recognition of Somaliland’s 1991 redeclaration of independence and the possibility of it basing troops there as well as entering into their own mutual defense pact might deter them, however, as could Ethiopia doing the same (whether in coordination with Israel or independently thereof). On that note, it should be pointed out that Israeli, Emirati, and Ethiopian interests converge in Somaliland, which is where the nascent “Islamic NATO’s” do too but for the opposite reasons. This spikes the risk of conflict.

The Somali Defense Minister’s request for Saudi Arabia to replicate its South Yemeni campaign in Somaliland coupled with reports about those two’s and Egypt’s impending alliance that would thus de facto include their Eritrean ally strongly suggest that something big might soon be afoot. Time is therefore of the essence, and if Somaliland’s top partners don’t soon act in meaningful ways to deter the emerging Saudi-centric coalition, then it might not be able to defend itself from this existential threat.

Tyler Durden Sun, 01/18/2026 - 08:10

The Nascent 'Islamic NATO' Might Soon Set Its Sights On Somaliland

Zero Hedge -

The Nascent 'Islamic NATO' Might Soon Set Its Sights On Somaliland

Authored by Andrew Korybko,

The Somali Defense Minister’s request for Saudi Arabia to replicate its South Yemeni campaign in Somaliland coupled with reports about those two’s and Egypt’s impending alliance that would thus de facto include their Eritrean ally strongly suggest that something big might soon be afoot.

Reports have recently circulated about three separate but complementary military pacts in which Saudi Arabia might soon participate, which could form the core of an “Islamic NATO”. 

Bloomberg got the ball rolling by reporting that Turkiye wants to join September’s “Strategic Mutual Defense Agreement” between Pakistan and Saudi Arabia. Former Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani, who’s still influential, then proposed including Egypt and presumably his own country too.

Bloomberg reported right after that Saudi Arabia is finalizing a military pact with Turkish-allied Somalia and Egypt for curtailing the UAE’s influence in Africa, the concept of which was analyzed here regarding how those three, Pakistan, and Turkiye could jointly advance this goal. On that note, it’s relevant to add that Pakistan clinched its own security pact with Somalia over the summer and then its top military official visited Egypt to discuss regional security, thus signaling Pakistan’s growing role in Africa.

The members of this emerging Saudi-centric coalition all oppose Somaliland’s 1991 redeclaration of independence, which was recently recognized by Israel. Somaliland also has close ties with the UAE and Ethiopia, and all three of its top partners are close with one another too. Ethiopia’s MoU with Somaliland on 1 January 2024 for recognizing its redeclaration of independence in exchange for access to the sea was exploited by its historic Egyptian rival to assemble a containment coalition with Somalia and Eritrea.

Although this nascent “Islamic NATO” might first aim to defeat the allegedly UAE-backed “Rapid Support Forces” in Sudan, they’re much more heavily armed and battle-hardened than the Somaliland Armed Forces, the latter of which might be perceived as so-called “low-hanging fruit”.

Moreover, South Yemen’s “Southern Transitional Council” was just steamrolled by Saudi air support and local Yemeni forces, which might have emboldened Riyadh and its partners to consider replicating that campaign in Somaliland.

It would take time to position Saudi (and possibly Egyptian, Pakistani, and/or Turkish) warplanes in the region (likely based in reoccupied South Yemen if this comes to pass) and for its emerging coalition to train the Somali National Army so this probably won’t happen anytime soon.

Additionally, UAE-aligned Puntland between Somaliland and rump Somalia must first return to the federal fold for enabling an invasion of Somaliland, unless Djibouti joins the coalition and allows its territory to be used for this.

Israel’s recent recognition of Somaliland’s 1991 redeclaration of independence and the possibility of it basing troops there as well as entering into their own mutual defense pact might deter them, however, as could Ethiopia doing the same (whether in coordination with Israel or independently thereof). On that note, it should be pointed out that Israeli, Emirati, and Ethiopian interests converge in Somaliland, which is where the nascent “Islamic NATO’s” do too but for the opposite reasons. This spikes the risk of conflict.

The Somali Defense Minister’s request for Saudi Arabia to replicate its South Yemeni campaign in Somaliland coupled with reports about those two’s and Egypt’s impending alliance that would thus de facto include their Eritrean ally strongly suggest that something big might soon be afoot. Time is therefore of the essence, and if Somaliland’s top partners don’t soon act in meaningful ways to deter the emerging Saudi-centric coalition, then it might not be able to defend itself from this existential threat.

Tyler Durden Sun, 01/18/2026 - 08:10

Rape Ensues After Dutch Students Forced To Live With 125 Refugees In Woke 'Integration' Experiment

Zero Hedge -

Rape Ensues After Dutch Students Forced To Live With 125 Refugees In Woke 'Integration' Experiment

Dutch students forced to live side-by-side with 125 refugees in a woke government plan to aid the refugees' 'integration' were subjected to years of sexual assault and violence, according to an investigation. 

The experiment - held at Stek Oost located in the Watergraafsmeer district of Amsterdam - placed a total of 125 students and 125 refugees together, where they were encouraged to 'buddy up' so that the migrants would quickly assimilate into life in the Netherlands.

Instead, the refugees started raping

Students told the Dutch investigative documentary program Zembla that they faced frequent sexual assault, harassment, violence, stalking, and gang rape.

One woman said she regularly saw "fights in the hallway and then again in the shared living room," while a man told the investigators that a refugee threatened him with an eight-inch kitchen knife. 

In another case fro 2019, a female student said she was raped by a Syrian refugee after he invited her to his room to watch a film, and then refused to let her leave. 

"He wanted to learn Dutch, to get an education. I wanted to help him," said the woman, who identified only as Amanda. She described how he asked her several times to come to his room. After she eventually agreed, she became extremely uncomfortable being alone with him and asked to leave, only for him to trap her in his room and rape her.

The students - including Amanda - said that authorities ignored multiple reports

Six months after Amanda reported her rape, which authorities dropped for lack of evidence, another woman living in Stek Oost reported the same Syrian, telling the housing association that runs the complex that she was concerned for her safety and the safety of other women living there. 

According to the Zembla documentary, the local authority claimed it was impossible to evict the man

In March, 2022 he was formally arrested after having left the housing complex and was later convicted of raping Amanda and another resident, for which he received just three years in prison in 2024

"You see unacceptable behaviour, and people get scared," said Carolien de Heer, district chair of the East district of Amsterdam. "But legally, that's often not enough to remove someone from their home or impose mandatory care. You keep running into the same obstacles."

The firm that runs the complex, Stadgenoot, suspected that a 2023 gang rape took place

Since opening in 2018, Stek Oost has faced multiple similar allegations. In 2022, Dutch TV station AT5 reported that a refugee had been accused of six sex attacks between 2018 and 2021.

He was involved in a protracted legal battle with local authorities, who fought to force him to leave Stek Oost.

For its part, Stadgenoot wanted to shut the complex down as early as 2023, but the local authority refused.

It will, however, be shut down by 2028 after the contract to run the site expires. -Daily Mail

The staff at Stek Oost, meanwhile, are reportedly exhausted from their experience living and working there

"We were completely overwhelmed. We no longer wanted to be responsible for the safety of the complex," said Mariëlle Foppen, who works for Stadgenoot. "It was just too intense. As the manager of these colleagues, I would say: "If I can't guarantee their safety, I'm going to have a really bad night's sleep."

When will liberals stop feeding their daughters to monsters?

Tyler Durden Sun, 01/18/2026 - 07:35

Rape Ensues After Dutch Students Forced To Live With 125 Refugees In Woke 'Integration' Experiment

Zero Hedge -

Rape Ensues After Dutch Students Forced To Live With 125 Refugees In Woke 'Integration' Experiment

Dutch students forced to live side-by-side with 125 refugees in a woke government plan to aid the refugees' 'integration' were subjected to years of sexual assault and violence, according to an investigation. 

The experiment - held at Stek Oost located in the Watergraafsmeer district of Amsterdam - placed a total of 125 students and 125 refugees together, where they were encouraged to 'buddy up' so that the migrants would quickly assimilate into life in the Netherlands.

Instead, the refugees started raping

Students told the Dutch investigative documentary program Zembla that they faced frequent sexual assault, harassment, violence, stalking, and gang rape.

One woman said she regularly saw "fights in the hallway and then again in the shared living room," while a man told the investigators that a refugee threatened him with an eight-inch kitchen knife. 

In another case fro 2019, a female student said she was raped by a Syrian refugee after he invited her to his room to watch a film, and then refused to let her leave. 

"He wanted to learn Dutch, to get an education. I wanted to help him," said the woman, who identified only as Amanda. She described how he asked her several times to come to his room. After she eventually agreed, she became extremely uncomfortable being alone with him and asked to leave, only for him to trap her in his room and rape her.

The students - including Amanda - said that authorities ignored multiple reports

Six months after Amanda reported her rape, which authorities dropped for lack of evidence, another woman living in Stek Oost reported the same Syrian, telling the housing association that runs the complex that she was concerned for her safety and the safety of other women living there. 

According to the Zembla documentary, the local authority claimed it was impossible to evict the man

In March, 2022 he was formally arrested after having left the housing complex and was later convicted of raping Amanda and another resident, for which he received just three years in prison in 2024

"You see unacceptable behaviour, and people get scared," said Carolien de Heer, district chair of the East district of Amsterdam. "But legally, that's often not enough to remove someone from their home or impose mandatory care. You keep running into the same obstacles."

The firm that runs the complex, Stadgenoot, suspected that a 2023 gang rape took place

Since opening in 2018, Stek Oost has faced multiple similar allegations. In 2022, Dutch TV station AT5 reported that a refugee had been accused of six sex attacks between 2018 and 2021.

He was involved in a protracted legal battle with local authorities, who fought to force him to leave Stek Oost.

For its part, Stadgenoot wanted to shut the complex down as early as 2023, but the local authority refused.

It will, however, be shut down by 2028 after the contract to run the site expires. -Daily Mail

The staff at Stek Oost, meanwhile, are reportedly exhausted from their experience living and working there

"We were completely overwhelmed. We no longer wanted to be responsible for the safety of the complex," said Mariëlle Foppen, who works for Stadgenoot. "It was just too intense. As the manager of these colleagues, I would say: "If I can't guarantee their safety, I'm going to have a really bad night's sleep."

When will liberals stop feeding their daughters to monsters?

Tyler Durden Sun, 01/18/2026 - 07:35

UK Mulls Under‑16 Social Media Ban Amid Rising Online ID Push

Zero Hedge -

UK Mulls Under‑16 Social Media Ban Amid Rising Online ID Push

Authored by Christina Comben via CoinTelegraph.com,

The United Kingdom is considering new restrictions that could bar children under 16 from using mainstream social media platforms.

The discussion builds on the Online Safety Act, which already requires services with minimum age limits to explain how they enforce them and to use “highly effective” age assurance measures where children are at risk of harmful content.

Prime Minister Keir Starmer said he is monitoring how Australia’s under‑16 ban works in practice and is “open” to an Australian‑style approach, despite previously expressing personal reservations about a blanket ban for teenagers.

Conservative Party Member of Parliament David Davis said in a post on X that banning social media for children was “the right move,” and added that “mobile phones don’t belong in schools either.”

Conservative MP argues for banning social media for children. Source: David Davis

X and Online Safety Act enforcement

The debate comes as UK ministers and regulators are already in conflict with Elon Musk’s X platform over compliance with the Online Safety Act (OSA) and takedown obligations for illegal or harmful content. 

Ofcom, the UK’s online safety regulator, is preparing enforcement powers that include large fines and potential access restrictions for services that fail to meet their child safety and illegal content duties.

Critics have warned that aggressive enforcement could have implications for freedom of expression, and Musk’s platform has said the OSA is at risk of “seriously infringing” on free speech.

Aleksandr Litreev, CEO of Sentinel, whose decentralized virtual private network (dVPN) provides censorship-resistant internet access, told Cointelegraph that the UK’s moves on digital freedoms were “concerning,” and echoed the “same failed route as China, Russia and Iran.”

He said that denying youth access to social media and the internet “stifles their ability to learn digital literacy and develop critical thinking,” leaving them “less prepared for adulthood in a connected world.”

Australia and Ireland tighten online ID

Similar moves are underway in other countries. Australia’s eSafety commissioner registered an industry code requiring major search engines to implement age assurance technologies for logged‑in users, with the rules taking effect on Dec. 27, 2025.

Providers such as Google and Microsoft now have to verify users’ ages using methods ranging from government IDs and biometrics to credit card checks, and apply the highest default safety filters to accounts identified as likely under 18.

Ireland, meanwhile, plans to use its upcoming presidency of the Council of the European Union in the second half of 2026 to push for identity-verified social media accounts across the bloc. 

In the UK, these developments coincided this week with a government decision to abandon plans for a single centralized digital ID system for right‑to‑work checks, which would have become mandatory in 2029. 

Implications for crypto KYC

Crypto exchanges and trading apps remain subject to existing Know Your Customer (KYC) and biometric verification rules, including checks that typically involve government ID uploads and live selfies or facial scans to verify users’ identities.

Policymakers’ focus on age and identity assurance in social media, search, and other consumer services suggests that similar verification technologies are increasingly being explored and deployed outside financial use cases.

Litreev commented, “If a government sells you something ‘for the sake of safety,’ it’s sure as hell not about safety in any way or form.”

Tyler Durden Sun, 01/18/2026 - 07:00

UK Mulls Under‑16 Social Media Ban Amid Rising Online ID Push

Zero Hedge -

UK Mulls Under‑16 Social Media Ban Amid Rising Online ID Push

Authored by Christina Comben via CoinTelegraph.com,

The United Kingdom is considering new restrictions that could bar children under 16 from using mainstream social media platforms.

The discussion builds on the Online Safety Act, which already requires services with minimum age limits to explain how they enforce them and to use “highly effective” age assurance measures where children are at risk of harmful content.

Prime Minister Keir Starmer said he is monitoring how Australia’s under‑16 ban works in practice and is “open” to an Australian‑style approach, despite previously expressing personal reservations about a blanket ban for teenagers.

Conservative Party Member of Parliament David Davis said in a post on X that banning social media for children was “the right move,” and added that “mobile phones don’t belong in schools either.”

Conservative MP argues for banning social media for children. Source: David Davis

X and Online Safety Act enforcement

The debate comes as UK ministers and regulators are already in conflict with Elon Musk’s X platform over compliance with the Online Safety Act (OSA) and takedown obligations for illegal or harmful content. 

Ofcom, the UK’s online safety regulator, is preparing enforcement powers that include large fines and potential access restrictions for services that fail to meet their child safety and illegal content duties.

Critics have warned that aggressive enforcement could have implications for freedom of expression, and Musk’s platform has said the OSA is at risk of “seriously infringing” on free speech.

Aleksandr Litreev, CEO of Sentinel, whose decentralized virtual private network (dVPN) provides censorship-resistant internet access, told Cointelegraph that the UK’s moves on digital freedoms were “concerning,” and echoed the “same failed route as China, Russia and Iran.”

He said that denying youth access to social media and the internet “stifles their ability to learn digital literacy and develop critical thinking,” leaving them “less prepared for adulthood in a connected world.”

Australia and Ireland tighten online ID

Similar moves are underway in other countries. Australia’s eSafety commissioner registered an industry code requiring major search engines to implement age assurance technologies for logged‑in users, with the rules taking effect on Dec. 27, 2025.

Providers such as Google and Microsoft now have to verify users’ ages using methods ranging from government IDs and biometrics to credit card checks, and apply the highest default safety filters to accounts identified as likely under 18.

Ireland, meanwhile, plans to use its upcoming presidency of the Council of the European Union in the second half of 2026 to push for identity-verified social media accounts across the bloc. 

In the UK, these developments coincided this week with a government decision to abandon plans for a single centralized digital ID system for right‑to‑work checks, which would have become mandatory in 2029. 

Implications for crypto KYC

Crypto exchanges and trading apps remain subject to existing Know Your Customer (KYC) and biometric verification rules, including checks that typically involve government ID uploads and live selfies or facial scans to verify users’ identities.

Policymakers’ focus on age and identity assurance in social media, search, and other consumer services suggests that similar verification technologies are increasingly being explored and deployed outside financial use cases.

Litreev commented, “If a government sells you something ‘for the sake of safety,’ it’s sure as hell not about safety in any way or form.”

Tyler Durden Sun, 01/18/2026 - 07:00

10 Sunday Reads

The Big Picture -

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

Is This Billionaire a Financial Genius or a Fraudster? Michael Saylor’s financial alchemy thrust an ordinary software company, Strategy, into the center of the crypto frenzy. It all worked spectacularly, until now. (New York Times)

Banana Republicanism: A criminal investigation of Federal Reserve Chair Jerome Powell will test whether Republican loyalty to the president has any limits. (The Atlantic) see also The Jerome Powell Clusterfuck Is a Clusterfuck of Pam Bondi’s Own Making: More problematic for the adminstration, a number of Republican members of Congress — starting with some of the usual rebels, like Thom Tillis and Lisa Murkowski (who described in a Tweet that she had spoken with Powell). (emptywheel)

True Patriots Are Cashing In on the Apocalypse: How two big names in mainstream disaster preparedness helped sell Americans on fear, anxiety, and a new generator. (Wired)

Grok Is Generating Sexual Content Far More Graphic Than What’s on X: A review of outputs hosted on Grok’s official website shows it’s being used to create violent sexual images and videos, as well as content that includes apparent minors. (Wired) see also These companies advertised on X as Grok produced sexualized images of kids: At least 37 major companies were advertising on the platform this week, a Popular Information investigation reveals. (Popular Information)

Xi Welcomes Stream of Leaders Shaken by Tariff’s New World Order: President Xi Jinping is welcoming a procession of leaders looking to mend fences with China. The visits come after Donald Trump sealed a tariff truce with China, and leaders are eager to engage with Xi so they aren’t sidelined by US-China maneuvering. Foreign leaders are also visiting Beijing to discuss trade and secure access to critical minerals, such as rare earths, with China being the dominant global supplier. So much stupid… (Bloomberg free)

‘ELITE’: The Palantir App ICE Uses to Find Neighborhoods to Raid. Internal ICE material and testimony from an official obtained by 404 Media provides the clearest link yet between the technological infrastructure Palantir is building for ICE and the agency’s activities on the ground. (404)

The Purged: The destruction of the civil service is a tragedy not just for the roughly 300,000 workers who have been discarded, but for an entire nation. (The Atlantic)

Chinese Universities Surge in Global Rankings as U.S. Schools Slip:  Harvard still dominates, though it fell to No. 3 on a list measuring academic output. Other American universities are falling farther behind their global peers. (New York Times)

*Another* U.S. Attorney Disqualified After Failing The ‘Actually Appointed’ Test You can’t just vibe your way into being a U.S. Attorney… (Dealbreaker) see also ‘Superstar’ Appellate Judges Have Voted 133 to 12 in Trump’s Favor: President Trump promised to fill the appeals courts with “my judges.” They have formed a nearly united phalanx to defend his agenda from legal challenges. Destroying the Rule of Law one incomeptent jurist at a toiem. (New York Times)

Samoans: Americans by Name, Punished for Believing It: In a small Alaska town, American Samoans face prosecution for voting in the only country they’ve ever known. They live in a limbo, created by colonial expansion, that now confuses even public officials—and has made them a new target for policing voter fraud. (Bolts)

Be sure to check out our Masters in Business interview this weekend with Nobel laureate Richard Thaler and his University of Chicago Booth School colleague Alex Imas on the update and reissue of his classic book The Winner’s Curse.

 

Congress struggled to pass laws – the second fewest enacted in over a century

Source: Bruce Mehlman’s Age of Disruption

 

Sign up for our reads-only mailing list here.

~~~

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

 

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

John Mearsheimer On The Iran Playbook

Zero Hedge -

John Mearsheimer On The Iran Playbook

According to a recent podcast appearance by geopolitical analyst and University of Chicago professor John Mearsheimer, the Arab Gulf states led by Saudi Arabia (the Gulf Cooperation Council) are increasingly behind the scenes pushing pack against those who advocate for regime change in Iran. This marks a serious potential de-escalation in what is a decades-long (or even centuries long) Sunni-Shia rivalry and war for influence in the broader Middle East. In a sense, the pro-Sunni Gulf-NATO axis has already 'won' - Assad was overthrown in Syria, and Hezbollah's leadership was decimated last year - now less a threat to Israel and also Gulf interests. 

Dr. Mearsheimer days ago appeared on on "Judging Freedom" talking with the Judge about a variety of topics, but most importantly on the evolving situation in Iran. As Mearsheimer describes, he laid out his thinking on:

1) what the US and Israel were trying to do in Iran — upend the regime and wreck the country;

2) how we planned to do it — with the usual playbook;

3) why the strategy failed;

4) why the US has not bombed Iran when it appeared a few days ago that an attack was imminent;

5) whether Israel planned to attack Iran with the US or the US planned to attack alone; and

6) what the strategic consequences are of what is happening in Iran.

On this last point, there is growing evidence that the Gulf states, including Saudi Arabia, are more and more coming to view the US-Israeli tag team - not Iran - as the greatest threat to stability in the Middle East.

If true, wrecking Iran and turning it into another Syria would just further embolden Israel and the US to pursue reckless policies in the region, which would not be good for the Gulf states.

Already, Israeli warplanes have attacked Syria literally hundreds of times since the new Jolani/Sharaa regime came to power. This was part of a divide and conquer Israeli strategy, and to ensure Damascus can never again be a threat.

While Israel is appearing to 'tolerate' the new Sunni hardline government, it remains clear that Syria has been more weakened than ever, with no more anti-air defenses to speak of (after Assad had the most feared Russian anti-air system in the region). Now only Iran is left standing.

Could the West and Israel now be ready to unleash the 'Syria proxy war playbook' on the Islamic Republic in the Persian heartland? Is that what the least two weeks have been about? Mearsheimer and Napolitano address this issue and more. Watch above.

Tyler Durden Sat, 01/17/2026 - 22:45

John Mearsheimer On The Iran Playbook

Zero Hedge -

John Mearsheimer On The Iran Playbook

According to a recent podcast appearance by geopolitical analyst and University of Chicago professor John Mearsheimer, the Arab Gulf states led by Saudi Arabia (the Gulf Cooperation Council) are increasingly behind the scenes pushing pack against those who advocate for regime change in Iran. This marks a serious potential de-escalation in what is a decades-long (or even centuries long) Sunni-Shia rivalry and war for influence in the broader Middle East. In a sense, the pro-Sunni Gulf-NATO axis has already 'won' - Assad was overthrown in Syria, and Hezbollah's leadership was decimated last year - now less a threat to Israel and also Gulf interests. 

Dr. Mearsheimer days ago appeared on on "Judging Freedom" talking with the Judge about a variety of topics, but most importantly on the evolving situation in Iran. As Mearsheimer describes, he laid out his thinking on:

1) what the US and Israel were trying to do in Iran — upend the regime and wreck the country;

2) how we planned to do it — with the usual playbook;

3) why the strategy failed;

4) why the US has not bombed Iran when it appeared a few days ago that an attack was imminent;

5) whether Israel planned to attack Iran with the US or the US planned to attack alone; and

6) what the strategic consequences are of what is happening in Iran.

On this last point, there is growing evidence that the Gulf states, including Saudi Arabia, are more and more coming to view the US-Israeli tag team - not Iran - as the greatest threat to stability in the Middle East.

If true, wrecking Iran and turning it into another Syria would just further embolden Israel and the US to pursue reckless policies in the region, which would not be good for the Gulf states.

Already, Israeli warplanes have attacked Syria literally hundreds of times since the new Jolani/Sharaa regime came to power. This was part of a divide and conquer Israeli strategy, and to ensure Damascus can never again be a threat.

While Israel is appearing to 'tolerate' the new Sunni hardline government, it remains clear that Syria has been more weakened than ever, with no more anti-air defenses to speak of (after Assad had the most feared Russian anti-air system in the region). Now only Iran is left standing.

Could the West and Israel now be ready to unleash the 'Syria proxy war playbook' on the Islamic Republic in the Persian heartland? Is that what the least two weeks have been about? Mearsheimer and Napolitano address this issue and more. Watch above.

Tyler Durden Sat, 01/17/2026 - 22:45

Why Young Women Moved Left While Young Men Stayed Sane

Zero Hedge -

Why Young Women Moved Left While Young Men Stayed Sane

Authored by vittorio on X,

Bill Ackman quote-tweeted a graph showing the partisan gap between young men and women almost doubled in 25 years.

Women moved radically left. Men stayed roughly where they were.

Good question. Most answers I've seen are either tribal ("women are emotional") or surface-level ("social media bad"). Neither traces the actual mechanism.

Let me try.

First, notice what Wanye pointed out:

We've been told for a decade that men are "radicalizing to the right" and that this is dangerous. The actual data shows the opposite. Men barely moved. Women moved 20+ points leftward.

The story we are told is exactly inverted from reality. And when female leftward movement does get discussed, it's framed as progress: "women becoming more educated, more independent, more enlightened."

They'll tell you the graph shows enlightenment and progress.

Wrong.

What the graph shows is capture.

This Isn't Just America

Before getting into the mechanism, something important: this pattern isn't only American. It's global.

The Financial Times documented last year that the gender ideology gap is widening across dozens of countries simultaneously. UK, Germany, Australia, Canada, South Korea, Poland, Brazil, Tunisia. Young women moving left on social issues, young men either stable or drifting right.

This matters because it rules out explanations specific to American politics. It's not Title IX policy. It's not #MeToo. It's not the specific culture war of US campuses. Something bigger is happening, something that rolled out globally at roughly the same time.

South Korea is the extreme case. Young Korean men are now overwhelmingly conservative. Young Korean women are overwhelmingly progressive. The gap there is even wider than the US. Contributing factors include mandatory military service for men (18 months of your life the state takes, while women are exempt) and brutal economic competition. But the timing of divergence still tracks with smartphone adoption.

Whatever is causing this, it's not American. The machine is global.

The Substrate

Start with the biological hardware.

Women evolved in environments where social exclusion carried enormous survival costs. You can't hunt pregnant. You can't fight nursing. Survival required the tribe's acceptance: their protection, their food sharing, their tolerance of your temporary vulnerability. Millions of years of this and you get hardware that treats social rejection as a serious threat.

Men faced different pressures. Hunting parties gone for days. Exploration. Combat. You had to tolerate being alone, disliked, outside the group for extended periods. Men who could handle temporary exclusion without falling apart had more options. More risk-taking, more independence, more ability to leave bad situations.

(Male status still mattered enormously for reproduction, low-status men had it rough. But men could recover from temporary exclusion in ways that were harder for pregnant or nursing women.)

This shows up in personality research. David Schmitt's work across 55 cultures found the same pattern everywhere: women average higher agreeableness, higher neuroticism (sensitivity to negative stimuli, including social rejection cues). Men average higher tolerance for disagreement and social conflict. The differences aren't huge, but they're consistent across every culture studied.

Not better or worse. Different selection pressures, different adaptations.

But it means the same environment affects them differently. Consensus pressure hits harder for one group than the other.

The Machine

Now look at what we built.

Social media is a consensus engine. You can see what everyone believes in real time. Disagreement is visible, measurable, and punishable at scale. The tribe used to be 150 people. Now it's everyone you've ever met, plus a world of strangers watching.

And look at the timeline. Facebook launched in 2004 but was college-only until 2006. The iPhone was launched in June 2007. Instagram in 2010. Suddenly, social media was in your pocket and in your face, all day, every day.

Look at the graph again. Women were roughly stable through the early 2000s. The acceleration starts around 2007-2008.

The curve steepens through the 2010s as smartphones became universal and platforms became more sophisticated.

Women are by nature more liberal, but the radicalization coincides with the rise in smartphone adoption.

The machine turned on and the capture began.

The mental health collapse among teenage girls tracks almost perfectly with smartphone adoption, with stronger effects for girls than boys. The same vulnerability that made social exclusion more costly in ancestral environments made the new consensus engines more capturing.

This machine wasn't designed to capture women specifically. It was designed to capture attention. But it captures people more susceptible to consensus pressure more effectively. Women are more susceptible on average. So it captured them more.

Add a feedback loop: women complain more than men. Scroll any platform and it looks like women are suffering more. Institutions respond to this because visible distress creates liability, PR risk and regulatory pressure. In addition, women are weaker and inevitably seen as the victim in most scenarios. The institutional response is to make environments "safer". Which means removing conflict. Which means censoring disagreement. Which means the consensus strengthens.

The counterarguments get removed or deplatformed and the loop closes.

The Institutions

Universities flipped to 60% female while simultaneously becoming progressive monoculture. The institution young women trust most, during the years their worldview forms, feeds them a single ideology with no serious opposition.

FIRE's campus speech surveys show the pattern clearly: students self-censor, report fear of expressing views, cluster toward acceptable opinions. This isn't unique to women, but women are more embedded in higher education than men now, and the fields they dominate (humanities, social sciences, education, HR) are the most ideologically uniform.

Four years surrounded by peers who all believe the same thing. Professors who all believe the same thing. Reading lists pointing one direction. Disagreement is not even rare, it's socially punished. You learn to pattern-match the acceptable opinions and perform them.

Then they graduate into female-dominated fields: HR, media, education, healthcare, non-profits, where the monoculture continues. From 18 to 35, many women never encounter sustained disagreement from people they respect. The feedback loop never breaks.

Men took different paths. Trades. Engineering. Finance. Military. Fields where results matter more than consensus. Fields where disagreement is tolerated or even rewarded. The monoculture didn't capture them because they weren't in the institutions being captured. (mostly because they were kicked out of them, but that's a different piece)

The Economics

Marriage collapsed. This probably matters more than people think.

Single women vote more left than married women. This is consistent across decades of exit polls. Part of this is likely economic: single women interact with government more as provider of services, married women interact with government more as taker of taxes. The incentives point different directions.

The marriage gap in voting is one of the most consistent predictors. And marriage rates have collapsed precisely during the period of divergence.

Men saw marriage collapse differently. Family courts. Child support. Alimony. The rational response was skepticism of expanding state power.

Same phenomenon, different positions in it, different political responses.

The Algorithms

Algorithms optimize for engagement. Engagement means emotional response. Time on platform. Clicks. Shares. Comments.

Women respond more strongly to emotional content on average, they are more empathetic, they can be more easily manipulated with sad stories. That higher neuroticism again, higher sensitivity to negative stimuli. The machine learned this. It fed them content calibrated to their response patterns. Fear. Outrage. Moral panic. Stories about danger and injustice and threat and wars and "victims".

Men got different feeds because they responded to different triggers. The algorithm doesn't really have a gender agenda. It has an engagement agenda. But engagement looks different by demographic, so the feeds diverged.

Women ended up in information environments optimized for emotional activation. Men found alternatives: podcasts, forums, cars, wars, manosphere etc.

The Ideology

Feminism told women their instincts and biology were oppression and wrong. Wanting children was brainwashing. Wanting a provider husband was internalized misogyny. Their natural desires were false consciousness installed by patriarchy.

Many believed it. Built lives around it. Career first. Independence. Freedom from traditional constraints.

Now they're 35, unmarried, measuring declining fertility against career achievements. And here's the trap: the sunk cost of admitting the ideology failed is enormous. You'd have to admit you wasted your fertile years on a lie. That the women who ignored the ideology and married young were right. That your mother was right.

I think this is why you see so little defection. Not because the ideology is true, but because the psychological cost of leaving is higher than the cost of staying. Easier to double down. Easier to believe the problem is that society hasn't changed enough yet.

The Other Capture

I should be honest about something: men weren't immune to capture. They were captured differently.

Women got ideological conformity. Men got withdrawal. Porn. Video games. Gambling apps. Outrage content. The male capture wasn't "believe this or face social death." It was "here's an endless supply of dopamine so you never have to build anything real."

Different machines, different failure modes. Women got compliance. Men got passivity.

The male line on that graph staying flat through 2020 isn't necessarily health. It might just be a different kind of sickness, men checking out instead of being pulled in. Or it may be that everyone and everything moved more left and women moved lefter.

The Line Is Moving Now

Here's the update: the male line isn't flat anymore.

Post-2024 data shows young men shifting right. Recent surveys all show the same thing. Young men are now actively moving more conservatively.

My read: women got captured first because they were more susceptible to consensus pressure. The capture was fast (2007-2020). Men resisted longer because they were less susceptible and less embedded in captured institutions. But as the gap became visible and culturally salient, as "men are the problem" became explicit mainstream messaging, as men started being excluded from society because of lies, as masculinity, or the very thing that makes men men became toxic, men had to start counter-aligning.

The passivity is converting into opposition. The withdrawal is becoming active rejection.

This doesn't mean men are now "correct" or "free". It might just mean they're being captured by a different machine, one optimized for male grievance instead of female consensus. Andrew Tate didn't emerge from nowhere. Neither did the manosphere. Those are capture systems too, just targeting different psychological vulnerabilities.

The graph is now two lines diverging in opposite directions. Two different machines pulling two different demographics toward two different failure modes.

Some people will say this is just education: women go to college more, college makes you liberal, simple as that. There's something to this. But it doesn't explain why the gap widened so sharply post-2007, or why it's happening in countries with very different education systems.

Some will say it's economic: young men are struggling, resentment makes you conservative. Also partially true. But male economic struggles predate the recent rightward shift, and the female leftward move happened during a period of rising female economic success.

Some will point to cultural figures: Tate for men, Taylor Swift for women. But these are symptoms, not causes. They filled niches the machines created. They didn't create the machines.

The multi-causal model fits better: biological substrate (differential sensitivity to consensus) + technological trigger (smartphones, algorithmic feeds) + institutional amplification (captured universities, female-dominated fields) + economic incentives (marriage collapse, state dependency) + ideological lock-in (sunk costs, social punishment for defection).

No single cause. A system of interlocking causes that happened to affect one gender faster and harder than the other.

So What

If this model is right, some predictions follow.

The gap should be smaller in countries with later smartphone adoption or lower social media penetration. (This seems true: the divergence is less extreme in parts of Eastern Europe and much of Africa, though South Korea is a major exception due to other factors.)

The gap should narrow among women who have children, since parenthood breaks the institutional feedback loop and introduces competing priorities. (Exit polls consistently show this: mothers vote more conservative than childless women.)

The gap should continue widening until the machines are disrupted or the generations age out of them.

Here's the part I don't know how to solve: these systems are self-reinforcing. The institutions aren't going to reform themselves. The algorithms aren't going to stop optimizing. The ideology isn't going to admit failure. The male counter-capture isn't going to produce healthy outcomes either.

Some women will escape.

The ones who have children often do since reality is a powerful solvent for ideology. The ones who build lives outside institutional capture sometimes do.

Some men will stop withdrawing or stop rage-scrolling.

The ones who find something worth building. The ones who get tired of the simulation.

But the systems will keep running on everyone else.

The Question

Bill asked why.

The answer isn't "women are emotional" and it isn't "social media bad." The answer is that we built global-scale consensus engines and deployed them on a species with sexually dimorphic psychology. The machines captured the half more susceptible to consensus pressure. Then they started capturing the other half through different mechanisms.

We're watching the results in real time. Two failure modes. One graph. Both lines are moving away from each other and away from anything healthy.

I don't know how this ends. I don't think anyone does. I don't think it will.

Both machines are still running.

Tyler Durden Sat, 01/17/2026 - 22:10

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