Sunday, October 18, 2026

Week-end Wrap – Political Economy – October 18, 2026

Week-end Wrap – Political Economy – October 18, 2026

by Tony Wikrent

 

Coup-Proofing: Inside the Pentagon’s MAGA-to-Military-to-ICE Pipeline

Christopher Armitage, Oct 11, 2026 [The Existentialist Republic]

On May 28, 2025, Defense Secretary Pete Hegseth signed a memo ordering every branch of the military to “prioritize and broadly advertise” Department of Homeland Security jobs to troops leaving the service. The memo told commanders to approve requests from departing troops to spend their final months interning with Immigration and Customs Enforcement and Customs and Border Protection “to the maximum extent possible.” Michael Miller, who directs the Pentagon’s office for troops transitioning to civilian life, said the department typically does not recommend any specific career to separating service members. This time the department picked one.

That memo is the last step in a process called “coup proofing.” The first step is who the military is trying to recruit....

James Quinlivan, a RAND Corporation analyst, described militaries built for loyalty in a 1999 study in the journal International Security. He called the practice “coup-proofing.” The regimes he studied chose their commanders by family, tribe, sect and ethnicity before competence. They also built a second armed force outside the regular military, recruited it for loyalty, funded it separately, and gave it the missions the army might refuse. Saddam Hussein built the Republican Guard. Hafez al-Assad gave his brother a private army. In the United States the regular military is bound by the Posse Comitatus Act of 1878, which bars it from civilian policing. ICE sits outside that law.

The regular army is being emptied of the officers who would refuse an unlawful order, and the removals have landed hardest on Black and female officers. On the night of Feb. 21, 2025, Trump fired Gen. Charles Q. Brown Jr., the chairman of the Joint Chiefs of Staff. Hegseth fired Adm. Lisa Franchetti, the chief of naval operations, the same night, along with the judge advocates general of three services, the uniformed lawyers who tell commanders whether an order is legal. Days later he called such lawyers “roadblocks to orders that are given” by a commander in chief. In August 2025 Hegseth fired Lt. Gen. Jeffrey Kruse as head of the Defense Intelligence Agency, two months after Kruse’s analysts drafted an assessment that contradicted Trump’s claim that U.S. strikes had “obliterated” Iran’s nuclear sites.

In April 2026 Hegseth fired Gen. Randy George, the Army chief of staff, after George and Army Secretary Daniel Driscoll refused to strike four names from a list of 33 officers recommended for promotion to one-star general. Two of the four are Black men and the other two are women. By September 2026, The New York Times counted more than 80 generals and admirals fired or blocked from promotion, more than half of them Black or female, and military officials told the Times that the purge “does not appear to be driven by job performance.”....

The budget law Trump signed on July 4, 2025, funded the second facet of the coup-proofing process. It gave ICE roughly $75 billion over four years. By January 2026 the agency had hired 12,000 new officers and agents, more than doubling its officer corps to 22,000.

ICE’s minimum hiring age dropped to 18, and training was cut from 22 weeks to as little as 42 days. For 2026 the agency budgeted $100 million for what its own planning document calls “wartime recruitment,” with ads aimed at people who have attended UFC fights or listened to “patriotic podcasts,” The Washington Post reported....

Do they want to control what the troops hear? In October 2025, nearly every outlet in the Pentagon press corps, Fox News included, surrendered its credentials over new rules against gathering unapproved information. The Pentagon replaced them with more than 60 “new media” reporters, including Turning Point USA’s own outlet and far right activist Laura Loomer.

Do they want veterans with the extremism screen off? Maryland researchers found that about 85 percent of extremist offenders with military ties are veterans. Trump pardoned the Oath Keepers and Proud Boys convicted for Jan. 6. ICE’s 2026 plan pushes its ads to phones that pass through military bases, NASCAR races, college campuses and gun shows.

Do they want a force the courts cannot constrain? On Sept. 2, 2025, U.S. District Judge Charles Breyer in San Francisco ruled that the Los Angeles troop deployment violated the Posse Comitatus Act and warned of a “national police force.” In December, the Supreme Court ruled 6-3 in Trump v. Illinois that the administration had no authority to deploy the Guard in Chicago. Neither ruling touches ICE. A soldier who joins ICE keeps the training and leaves the legal limit behind.

So the process as outlined looks like this: recruit political zealots, remove the officers and lawyers who object to unlawful conduct, turn off the extremism screens, and send the graduates to a rapidly growing ICE that the law has not effectively constrained....

 

 

War on voting

Exclusive: How the Military Will Hack the Election

Ken Klippenstein [via Naked Capitalism 10-14-2026]

 

DOJ gives California 48 hours to act on alleged noncitizen voter list or face legal action

[Drop Site Daily, October 14, 2026]

In a Tuesday letter to California Secretary of State Shirley Weber, reviewed by Reuters, acting Deputy Attorney General R. Trent McCotter demanded the state take a series of actions related to a list of voters until their citizenship is confirmed, including segregating any returned ballots, or face legal action.

The letter escalates the administration’s pressure on states and suggests DOJ may challenge ballots before the Nov. 3 election. DOJ has repeatedly claimed noncitizen voting is widespread despite studies showing it is rare. DOJ’s Civil Rights Division has sued 30 states that refused to hand over voter data and has lost 26 cases without a win.

 

War

Ukraine is Successfully Bombing the Heart of Russia’s Online Disinformation Machine. Yandex answers 70% of Russian searches, and Ukraine hit three of its five data centers in four days.

Christopher Armitage, Oct 11, 2026 [The Existentialist Republic]

... Yandex is the Kremlin’s information machine. It answers about 70% of search queries in Russia, according to the Centre for East European and International Studies in Berlin, which titled its 2024 report on the company “From Independent Tech Startup to Kremlin Propaganda Tool.” .... Cloudflare, the internet security company that fronts a large share of the world’s websites, measured automated requests from Yandex’s network at 0.4% of their two-week peak after the Vladimir strike. That count covers every automated program on Yandex’s servers that sends requests to websites, its search crawler among them, and nobody outside Yandex can see which of them went dark....

On September 18 The New York Times reported that United States intelligence found the Kremlin had authorized a covert online campaign for the midterm, and that every example researchers had attributed to Russia attacked a Democratic Senate candidate.... The United States government dismantled its own defenses against that campaign in 2025. Attorney General Pam Bondi dissolved the FBI’s Foreign Influence Task Force in February 2025. Congress let the State Department’s Global Engagement Center expire in December 2024, and Secretary of State Marco Rubio closed its successor office in April 2025. Director of National Intelligence Tulsi Gabbard shrank the Foreign Malign Influence Center, and the Cybersecurity and Infrastructure Security Agency pushed out more than a dozen officials who had monitored foreign election influence. I laid this out in my August Watchdog Report on the midterms....

 

Iran war costing average U.S. household $2K, economist estimates

[Seeking Alpha, via Naked Capitalism 10-13-2026]

 

Trump not violating any law

‘He who saves his Country does not violate any Law’

Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’

Joe DePaolo, May 4th, 2025 [Mediaite]

 

How the Trump Admin. Is Expanding the Definition of ‘Terrorism’ — and What It Means (w/ Dan Boguslaw)

Chris Hedges, Oct 14, 2026

Investigative journalist Daniel Boguslaw uncovers collusion between law enforcement, Corporate America and academics to create new targets for the expanding US security state....

Hedges and Boguslaw begin by discussing the newest threat category, ‘anti-technology extremism,’ “a direct response to widespread protests over the building of these massive data centers and the increasing intrusion into our lives as well as their destructive power of artificial intelligence.” Then Boguslaw speaks about the long rise of fusion centers where Corporate America has partnered with local and federal law enforcement to use the “cloak of the state to give them more powers to persecute dissent.” ....

 

Trump’s Corruption Is Different In Kind - He isn’t just more corrupt than most politicians; corruption is his raison d’être. This isn’t just “government corruption” to be reformed away. It’s a GOP crime spree, and voters need to know it.

Brian Beutler, Oct 16, 2026 [Off Message]

... one of the most infuriating facts about the Trump era is that, for much of the past decade, he’s managed to neutralize corruption as a political liability. There’s truth and there’s what you can prove in the court of public opinion. While as a factual matter, Trump is far and away the most corrupt political figure in the history of the country—the people who believe Trump is dangerously corrupt have been well grounded in their belief—the general public has been split on the question of which of the country’s major political parties is more corrupt.

Indeed, voters frequently identify the Democratic Party as the more corrupt of the two. Trump loyalists won’t admit Trump is corrupt, or any more corrupt than a typical politician; Republican lifers won’t accept their party’s complicity. But they are all happy to believe or claim that the Democratic Party and its leadership are shot through with fraud.

This is simultaneously a triumph of propaganda and an artifact of institutional failure. Republicans built echo chambers designed to deliver received wisdom to a huge swath of the country, and they know corruption is a political liability. They’ve thus spent the entire decade assassinating the character of prominent Democrats, leveling false or exaggerated accusations of fraud and criminality against all factions of liberal society, while ignoring or denying Trump’s relentless crime spree.

This effort was easier than it should have been, though, because most Democratic leaders and the leaders of liberal institutions convinced themselves most citizens did not care about political corruption ....

 

Trump’s Sick Plan for Ilhan Omar Exposed

Hafiz Rashid, October 15, 2026 [The New Republic]

... The investigation ostensibly centers on whether Omar’s father put her age as 17 rather than 18 on her citizenship application to allow her to qualify immediately for citizenship alongside his own application. Omar became a citizen in 2000.

“They cheat on everything,” Trump said to an Ohio audience at a rally Monday about Somali Americans. “We’re not going to stand for it.”

 

Trump DHS Is Building Deranged Case Against Ilhan Omar

Edith Olmsted, October 16, 2026 [The New Republic]

Homeland Security Secretary Markwayne Mullin revealed Friday that the Trump administration is hoping to bring a criminal conspiracy case against Minnesota Representative Ilhan Omar....

“If someone comes in and claims—that fills out their paperwork illegally, and they claim that they are this person, and this is their background, and then underneath that individual, a lot of other people come in … then that can be considered a RICO case,” Mullin said.

“There was a conspiracy to deceive the American government, and therefore everything else that came in with it could then for be looked at as the same case,” the secretary said.

“Good thing about something like a case like that, is when it is a RICO case, that the statue of limitations on things, they don’t, they don’t apply. A few cases they do, but in most cases they don’t,” he added....

Racketeer Influenced and Corrupt Organizations Act 

[Wikipedia]

... Under RICO, a person who has committed "at least two acts of racketeering activity" drawn from a list of 35 crimes (27 federal crimes and eight state crimes) within a 10-year period can be charged with racketeering if such acts are related in one of four specified ways to an enterprise.[6]

Those found guilty of racketeering can be fined up to $25,000 and sentenced to 20 years in prison per racketeering count.[7]

In addition, the racketeer must forfeit all ill-gotten gains and interest in any business gained through a pattern of racketeering activity.[8]

A US Attorney who indicts someone under RICO has the option of seeking a pre-trial restraining order or an injunction to temporarily seize a defendant's assets and prevent the transfer of potentially forfeitable property as well as to require the defendant to put up a performance bond. An injunction or performance bond ensures that there is something to seize in the event of a guilty verdict.

This provision prevented the owners of Mafia-related shell corporations from absconding with assets. In many cases, the threat of a RICO indictment can force defendants to plead guilty to lesser charges, in part because the seizure of assets would make it difficult to pay a defense attorney.

Despite its harsh provisions, a RICO-related charge is considered easy to prove in court because it focuses on patterns of behavior as opposed to criminal acts....

There must be one of four specified relationships between the defendants and the enterprise. Either the defendants:

  • invested the proceeds of the pattern of racketeering activity into the enterprise (18 U.S.C. § 1962(a)); or
  • acquired or maintained an interest in, or control of, the enterprise through the pattern of racketeering activity (subsection (b)); or
  • conducted or participated in the affairs of the enterprise "through" the pattern of racketeering activity (subsection (c)); or
  • conspired to do one of the above (subsection (d))....

[TW: Looks like Trump and Mullin are going to stretch RICO beyond its original legislative intent. On the other hand, Trump and the (anti)Republicans have repeatedly claimed that the Somali community in Minnesota engages in widespread fraud. Which suggests premeditation -- which in turn suggests something like the Heritage Foundation and Project 2025. ]

 

Judge orders cancellation of Trump’s government-funded ads

[The Hill, via Naked Capitalism 10-12-2026]

 

Jared Kushner’s Middle East Financial Ties Draw Scrutiny as US Funds Gaza Force

[Military.com, via Naked Capitalism 10-12-2026]

 

Officials Flagged a $580 Million Oil Bet Made Minutes Before Trump’s Iran Reversal, Then Were Told to Back Off

[International Business Times, via Naked Capitalism 10-14-2026]

 

ICE Planning $100 Million ‘Nightmare’ Domestic Spy Program

by Whitney Curry Wimbish, October 14, 2026 [The American Prospect]

Under ERO ONE, Immigration and Customs Enforcement plans to hire 142 intelligence contractors with top secret clearances and deploy them in cities across the country.

 

The Dawn Of The Self-Funding Pentagon - It's not like the military is cash-starved from Congress. But it looks a lot like it's going to make money off Venezuelan oil

Spencer Ackerman,  13 Oct 2026 [FOREVER WARS]

 

DOGE

Michael Lewis on the Lone Security Guard Who Resisted DOGE

[Wall Street Journal, via The Big Picture, October 13, 2026]

In an exclusive excerpt from ‘Blockers,’ the inside story of the high-stakes D.C. standoff where security chief Colin O’Brien fought off DOGE operatives.

 

Supreme Court takes on public access to DOGE records

[Courthouse News Service, via Naked Capitalism 10-14-2026]

The Supreme Court agreed on Tuesday to review how much information the Trump administration can be forced to reveal about the now-defunct Department of Government Efficiency under public records requests.

Earlier this year, an appeals court ordered discovery into the structure and work of the U.S. DOGE Service under a Freedom of Information Act request from an ethics watchdog. The Trump administration pushed the justices to review the decision, arguing it intruded on the autonomy and confidentiality of presidential advisers....

 

Strategic Political Economy

The Grain Is There. The World’s Hungry Can’t Reach It. And El Niño Won’t Wait.

Mark Roberts [4Hunger.org, via Naked Capitalism 10-14-2026]

The world is not running out of grain this year. It is running out of grain that poor countries can reach at a price they can pay. Wheat is trapped behind closed ports by war, the world’s spare rice sits largely in one country, India, which may need it for its own people, and the world is eating into its maize reserves. Whether this becomes hunger and famine in 2027 now turns on two things: 1) whether this super El Niño spares India, Australia and South Africa, which hold much of the world’s spare grain and which previous strong El Niños pushed into drought; and 2) whether world leaders get humanitarian aid to the countries with no grain reserves before their harvests fail. The second is a choice, and the time to make it is now....

 

Africa: 800 Million Young People Face a Future Without Jobs

[allAfrica, via Naked Capitalism 10-14-2026]

 

Global power shift

Trump Is Gutting America’s Core Geopolitical Advantage

[Foreign Affairs, via The Big Picture, October 11, 2026]

Robert B. Zoellick, former US Trade Representative, deputy secretary of state and World Bank president, on the strategic cost of antagonizing Canada and Mexico.

 

America Didn’t Lose Its Rare Earth Industry. It Sold It.

[Lawfare, via The Big Picture, October 17, 2026]

Markets price for cost. China prices for control. The risk of a rare earths cutoff is asymmetric, and the financing to rebuild American supply should be too. Kirsten Asdal: Beijing’s rare-earth export controls have been suspended one short reprieve at a time since October 2025, the latest until Nov. 10. How the US ended up this dependent.

 

Gaza / Palestine / Israel

Israel’s New – and Terrifying – Security Doctrine

Trita Parsi [via Naked Capitalism 10-14-2026]

In a stunning piece published by the head of one of Israel’s most prominent think tanks, Maj. Gen. Tamir Hayman describes the reality of Israel’s new security doctrine:

A few crucial principles he describes:

1. The United States is a “declining power” and, given its ongoing social and political shifts, will soon abandon Israel in any event. This is compelling Israel to move toward greater self-reliance in order to avoid “excessive dependence” on the US since it “exposes Israel to the influence of a progressive American value system that is incompatible with Israel’s Jewish character.”

Then he concludes: “Severing ties with the United States is therefore not only inevitable, but essential to Israel’s independence and the resilience of its Jewish national identity.”

2. Primacy of Jewish Identity over Democracy: The state’s Jewish identity takes precedence over its democratic system of government.

3. Peace as a Means Rather Than an End....

4. “Rejection of the Independent Existence of Arab States....

5. “War as a Foundational State: War is essential to national security and cannot be replaced by a state of peace, which, as noted, is merely a means rather than an end.... War is necessary, and preventive war is preferable because it secures a significant achievement at the outset.” ....

 

Oligarchy

The $430 Million War Against Taxing The Rich - Ultrawealthy donors have spent nearly half a billion dollars trying to convince voters to keep their taxes low via the ballot this November.

Veronica Riccobene, Oct 15, 2026 [The Lever]

 

The Requisite Variety of Power For Neoliberal Feudalism: Cybernetics, Artificial Intelligence, Digital Money, and the Limits of Total Control

[Hermes of the Threshold, via Naked Capitalism 10-13-2026]

GRAPH - The Global Public-Private Partnership

 

Inside Elon Musk’s $276 Million Midterm Rescue Mission for Republicans

[New York Times, Oct 13, 2026]

 

The carnage of mainstream neoliberal economics

Sales of Existing Single-Family Homes Scrape along Bottom of 4-Year Dumpster, Supply at 11-Year High. Condo Sales at Record Low, Supply at Record High

[Wolf Street, via Naked Capitalism 10-14-2026]

 

Car payments just hit a record $787 a month—and 1 in 4 new-car buyers is now signing a 7-year loan

[Fortune, via Naked Capitalism 10-16-2026]

 

How Expedia Rigs Travel Markets and Raises Your Hotel Prices

Lee Hepner, Oct 14, 2026 [BIG]

 

Health care crisis

We Exposed the New AI Scheme to Deny Your Healthcare - It's the latest oligarch attack on healthcare.

[More Perfect Union, Oct 13, 2026]

The Trump administration is using AI to analyze Medicare prior authorizations, and companies get 25 percent of the “savings” the system generates.

We found two private equity firms, Carlyle Group and Patient Square Capital, backing this process....

 

Q3 2026: UnitedHealth’s Profits Soar as it Covers Fewer People, Pays Less for Care

[HEALTH CARE un-covered, via Naked Capitalism 10-14-2026]

 

Predatory finance

Frenzied Stock-Options Trading Shows Individual Investors Are Still Hungry for Risk

[Wall Street Journal, via The Big Picture, October 15, 2026]

Daily single-stock options volume is running near $700 billion, close to 2021 meme-mania levels, as retail traders look past rising rates, $100 oil and war. Trading in single-stock options contracts is near levels reached in 2021, when a new generation of amateur investors shook up Wall Street 

[TW: US GDP in 2026 is estimated at $32.38 trillion, or $89.0 billion a day. In 1980, options trading was $45.8 billion for the entire year, compared to US annual GDP of $17.8 trillion. 

[According to CBOE, the average daily value of stocks traded on the New York Stock Exchange is $176,990,302,863 and on NASDAQ $167,576,703,483. But these two exchanges now account for only 40 percent of daily stock trading. A slightly larger share of daily trading are off-exchange equity trades which are now reported through a Trade Reporting Facility (TRF) operated by one of three FINRA (Financial Industry Regulatory Authority Inc.) systems.]

 

How the Fed Is Quietly Inflating the AI Bubble While Hiking Your Electric Bill

Matt Stoller, Oct 17, 2026 [BIG]

When the Fed raises the price of money, it hikes electric bills, property taxes, mortgage and auto costs, and the price of working capital. It’s time to drop our illusions about the central bank.

 

They’re not capitalists — they’re predatory criminals

Our economy is literally criminal

Robin McAlpine, 14 Oct 2026 [Common Weal, via Naked Capitalism 10-17-2026]

 

The Many Ways Trump Is Kneecapping White-Collar Crime Enforcement

Hannah Levintova, October 16, 2026 [Mother Jones]

 

Burying the Horrors of Epstein Island

[The Epstein Files by Julie K. Brown, via Naked Capitalism 10-12-2026]

 

Ken Paxton Partied in Dubai With Fugitives Ahead of High-Stakes Texas Senate Race

[Wall Street Journal, via Naked Capitalism 10-14-2026]

 

Scammers Are Stealing Millions From Food Stamp Recipients. Congress Could Fix It — but Won’t.

[ProPublica, via Naked Capitalism 10-14-2026]

 

 

Bank of America fined $1.2 billion over customer money laundering

[Drop Site Daily, October 14, 2026]

Bank of America has been fined a near-record $1.2 billion over its failures to monitor and report billions of dollars of suspicious transactions, the Treasury Department and the Office of the Comptroller of the Currency announced on Tuesday.

The OCC’s civil penalty of $750 million, a significant portion of the $1.2 billion total, is the largest it has imposed. The Treasury Department separately announced an $11.6 million sanctions settlement. The Bank of America admitted that it willfully violated the Bank Secrecy Act, failing to maintain an adequate anti-money-laundering program, conduct due diligence on foreign-correspondent accounts, and file suspicious-activity reports.

 

Restoring balance to the economy

North Dakota’s Bank Earned the State $231.8 Million Last Year. Here Is What the Same Bank Would Have Earned Yours.

Christopher Armitage, Oct 13, 2026 [The Existentialist Republic]

One formula, 49 states, each figure built from the state’s own treasury records. The profit a state bank would’ve earned in 2025: California $2.26 billion, Texas $1.78 billion, New York $1.04 billion

 

Disrupting mainstream economics

Of Mathematics, mathiness, mythematics, and mathemagics

Steve Keen

 

Information age dystopia / surveillance state

Character.ai’s Bankruptcy Documents Show the Economics of AI Don’t Work 

[404 Media, via thejackpot.blog/node/TodaysWaterCooler20261014]

“Character.ai’s bankruptcy is the one of the first dominos to fall in the long-foreseen AI bubble. The circumstances of its bankruptcy are exactly what critics of AI have been saying would happen: Character.ai lit a huge amount of money on fire running its product, did not bring in a lot of revenue, and faced enormous legal fees after causing harm to its users. Enshittifying its product to try to make its expenses cheaper did not work, according to a narrative filed in bankruptcy court Tuesday.” And: “Disney has reportedly offered Character.ai $20 million to license some of its intellectual property; Last year, Disney sent Character.ai a cease and desist letter demanding it stop using its copyrighted characters without permission. In 2023, it was valued at $1 billion after raising $150 million in a round led by a16z. ”

[Lambert Strether added:]

Whoopsie. Commentary:

The junk AI firms are crashing. Last week it was Firmus, then CharacterAI, now CoreWeave.

Firmus and CoreWeave are backed by Nvidia. These are the stocks that would be the first ones to crater in an AI bubble pop. https://t.co/WVwVSGURzX

— Matt Stoller (@matthewstoller) October 14, 2026

“Anthropic admits Houthis used Claude AI instead of weapons engineers to make rockets and ballistic missiles that correct themselves after missing targets” [Daily Mail]. • “Admits,” forsooth. Given that AI executives have no ethics or conscience, this is a sales pitch to the Pentagon.

 

Monopoly Round-Up: AI Cockroaches Scurry Out from Under Nvidia, the Most Valuable Company in the World

Matt Stoller, Oct 11, 2026 [BIG]

A failed initial public offering from an Nvidia-backed “neocloud” called Firmus, run by a man with a criminal record, suggests the AI bubble is getting ready to burst.

 

Fears of Big Tech Censorship Grow After Meta Suspends No Kings Instagram Account

 

How Meta Muse Profiles People Who Never Used It

Ken Macon, October 14, 2026 [reclaimthenet.org]

... Meta’s new personal agent, Muse, was built to learn the people in its users’ lives. That includes friends, exes, colleagues and siblings who have never opened it....

 

Israeli ad-tech company was a delivery system for "mercenary spyware"

Cory Doctorow, October 17, 2026 [Pluralistic]

... This allowed an Israeli spyware company called Discover-Tech (which masquerades as an ad-tech company) to sell totalitarian governments and sleazy corporate mercenaries the ability to pluck individual internet users out of the billions who log in every day and then serve "malicious ads" (that is, blobs of arbitrary code) to those targeted users. These malicious ads contained "no-click, zero-day" attacks, which meant that they exploited previously unknown vulnerabilities to take over devices without any user interaction. The mere act of loading a web-page or opening an app that relied on one of these gigantic ad-tech companies to serve ads was enough to compromise your device. No clicks needed, and no warning.

Among the targets of this attack campaign were the computers of workers at Al Jazeera. They were attacked with malware from the mercenary spyware company Candiru (which now calls itself "Integrity Labs" because irony is not dead). Beyond Candiru, Discover-Tech also facilitates attacks by numerous criminal mercenary spyware companies, serving ads on hundreds of thousands of sites and apps....

 

AI’s Supercharging a Scam Economy Bigger Than the Cocaine Trade

[Bloomberg, via Naked Capitalism 10-12-2026]

 

Google-CNN Deal to Integrate Generative AI Into News Platforms

[TeleSur, via Naked Capitalism 10-16-2026]

 

Congress Is Cashing In on the AI Boom - Roughly one in five members of Congress has household investments in the industry.

David Moore and Donald Shaw, Oct 15, 2026 [The Nation]

 

Climate and environmental crises

Solar Panels That Plug Into Your Wall Are About to Be Everywhere

(National Geographic, via The Big Picture, October 12, 2026]

California is the latest state to pass a law making it easier to install balcony-friendly solar panels. Renewable energy experts think the new technology is about to take off.

 

Driving Plug-in Solar Legislation State by State

[Brightsaver, via The Big Picture, October 12, 2026]

Plug-in solar, small panels that plug into the wall let renters and homeowners generate their own electricity, is being legalized state by state. The map below tracks legislation across all 50 U.S. states: Where bills have passed, where they’re advancing, and what’s next.

 

Water has emerged as a key issue for Arizona voters ahead of US midterms – governments should take note

[Chatham House, via Naked Capitalism 10-17-2026]

 

Democrats' political malpractice

Newsom Endorses Ballot Measure That Would Cancel Out Billionaire Tax—and Ban Future Wealth Taxes

Jake Johnson, Oct 11, 2026 [CommonDreams]

 

J Street Is Trying To Rescue Zionism In The Battle Over Israel’s Future In The Democratic Party

[Scheerpost, via Naked Capitalism 10-11-2026]

 

Resistance

Democrats: Embrace Incivility! - Georgia Senator Jon Ossoff is leading the rise of the rude Democrat. More should follow his lead.

Jason Linkins, October 18, 2026 [The New Republic]

... as TNR contributor Nacona Nix explained at length, the liberal commitment to civility theater does a lot of real-world harm: It’s currently one of the primary vectors by which antisocial and undemocratic ideas get laundered into respectability....

 

When Democrats win the House, they must investigate Elon Musk and bar future government contracts!

Dean Obeidallah, Oct 17, 2026

First, we learned earlier this week from The NY Times that Musk is the GOP’s top donor by far this midterm. He has quietly funneled more than $276 million into Republican groups and his super PAC since the start of July. By doing so, Musk has been building below the radar “a huge turnout operation to help the party battle headwinds in the midterm elections.”

But it’s worse than that! On Friday, we learned from The Washington Post that Musk has poured in even more as documented in new campaign finance filings on Thursday. How much? Musk has donated as of now $369 million of his own money into this year’s midterm elections! (Below is image from Washington Post article on GOP megadonors in 2026.)....

But it’s not just money. The Washington Post reported this week that Musk is using his X/Twitter platform to help Republicans—and especially to help defeat Talarico. Musk elevated a false conspiracy theory about Talarico over the past weekend claiming he didn’t take a break from the campaign trail because he had the flu but because of Talarico’s mental health.

Musk began is his campaign of lies Sunday afternoon when he replied to a post alleging that Talarico had been checked into the Lindner Center of Hope, a mental health facility in suburban Cincinnati. That is when Musk wrote, “The Talarico campaign is hiding something big that voters ought to know about.” Given Musk’s massive following and that he controls the algorithm for the platform, his reply went wildly viral....

Musk’s top priority is ensuring he is not investigated by Democrats if they win the House. That is why he is spending $400 million plus. And given Musk’s desperation, there are valid questions if he would use his technology to impact/steal the elections?!

When Democrats win the House, for starters there must be oversight over the billions Musk receives in US tax dollars for various contracts. SpaceX alone holds around $22 billion in government contracts. And Musk currently has at least 52 active contracts across seven federal agencies were on track to pay Musk’s companies an additional $11.8 billion.

Musk must publicly answer questions under oath before Congress if there has been waste, fraud or abuse?! Plus did Musk directly use any of the government money to fund campaigns—which would be illegal. Did Musk engage in an illegal campaign contribution by using X to spread lies to help candidates?

And while we are at it, we should investigate how exactly Musk became a citizen—which is relevant since he receives billions in US tax dollars by way of contracts. As The Washington Post reported back in 2024, Musk came to the US in 1995 on a student visa for a graduate degree program at Stanford University. But he never enrolled in courses. Per The Post, “that left Musk without a legal basis to remain in the United States.” Yet he remained and started a business in apparent violation of US immigration law....

 

Exposure Is Not Accountability - When bad actors are shameless, exposure accomplishes little. They need to face tangible consequences.

Brian Beutler, Oct 14, 2026 [Off Message]

... Hold at least one prominent Republican truly accountable for dirty tricks or election crimes before date X. Do something to change the incentive structure that encourages Republicans to lie and cheat all the time, even if it’s at the margin....

Too often, Democrats conflate the concepts of exposure and accountability.

Exposure is an element of accountability. And in some cases it can be the lone ingredient that leads to accountability. Where shame still prevails, people exposed as liars, frauds, cheats, perverts, and abusers sometimes choose to make themselves scarce forever.

That’s accountability of a sort, mostly self-imposed.

But where shame is absent, exposure is only step one. Enforceable consequences must follow.

Democrats made this mistake most fatefully when they concluded that the January 6 insurrection had discredited Trump for all time. He’d been “exposed” and exposure would do most or all of their civic and political work for them. It’s why the Biden administration slow-walked its investigations of Trump’s attempted coup and the classified documents he stole, which in turn allowed Trump to escape justice, mount a political comeback, and pardon everyone....

And it’s why they choose, repeatedly, to look forward, not backward: The bad guys were exposed, we won the election—that’s incentive enough for them to change their ways.

No it’s not....

... exposure is insufficient as a goal. Today, various conservatives and GOP operatives will pretend to be embarrassed by Nick Sortor—the degenerate who published the Talarico libels. But this is just part of the larger act, an attempt to run this story out of the news now that the lies have done their damage. They publicly feign contempt for people like Sortor and James O’Keefe and Benny Johnson whenever they’re caught lying or promoting slander—then, when people have moved on, they’ll fete those very same people at private black tie events and funnel money their way. They see liars and cheaters as valued members of their movement. We’ll know we’ve imposed enough accountability when shame is restored and that calculation changes.

 

Conservative / Libertarian / (anti)Republican Drive to Civil War

The MAGA Cult: Why “Feelings" Trump Facts

[Lucas Bean Daily, via The Big Picture, October 13, 2026]

There is a question that haunts every person who has ever tried to have an evidence-based conversation with a MAGA supporter. How can they believe something with zero evidence behind it?

 

How Does the Run Towards Fascism Occur?

[Why Weak Americans Run Towards Fascism, via The Big Picture, October 11, 2026] 

Why did people let Hitler take power? Not the inner circle. Not the military leaders or the party functionaries or the industrialists who funded the operation. The ordinary people. The shopkeepers and teachers and factory workers and farmers who watched a democratic republic dismantle itself and did not just allow it to happen but cheered while it did.

 

(anti)Republican clown car

An Ad Targeting Susan Collins’s Opponent Airs in the Wrong Portland
An executive with the Republican super PAC that paid for the ad attacking Troy Jackson, the Democratic Senate candidate in Maine, blamed its vendor for running the ad in Oregon.

By John Yoon [New York Times]

 

Why Conservative Men Can’t Spell

[Lucas Bean Daily, via The Big Picture, October 11, 2026]

Lucas Bean takes Richard Hofstadter’s 1963 definition of anti-intellectualism, resentment of the life of the mind rather than ignorance, and applies it to MAGA. 

 

Civic republicanism

What’s at Stake in the Omar Case

John Ganz, Oct 15, 2026 [Unpopular Front]

Yesterday evening, The Wall Street Journal reported “Ilhan Omar Investigation Aims to Build Case for Stripping Her Citizenship.” The repeated failure of this regime to prosecute its enemies—its manifest incompetence in all of its endeavors, really—has perhaps muted the alarm with which the news about Omar’s denaturalization case ought to be greeted.

Consider the gravity of all this: the executive is attempting to cast an opponent out of the political community entirely; this attempted expulsion is undoubtedly driven by racial and religious animus—vicious hostility to Somali-Americans is a central part of MAGA politics. She is not merely a private citizen or even an outspoken critic of the administration: She is an elected representative of the American people. The executive is attempting to deprive a member of an equal branch of government of the status that entitles her to participate in the constitutional order: They are attacking not just her rights, but her very right to have rights.

One’s personal opinion of Omar’s character or her politics is immaterial. This is a serious assault on the constitutional order being carried out through the executive branch’s legal and bureaucratic machinery. Perhaps the reason that the public response is so tepid is that we have so long taken for granted—or simply no longer understand—just how fundamental the questions involved really are. This move strikes at some of the most elementary assumptions of a free and republican government, principles so basic that we scarcely imagined they would need defending: that political opposition is legitimate, that the executive cannot determine the composition of the legislature, and that citizenship is not a privilege held at the pleasure of those in power.

We often hear that we face creeping authoritarianism in this country, but it would be more precise to call this a case of creeping totalitarianism. Authoritarian governments suppress political opposition and deprive their subjects of particular rights. Totalitarian movements aspire to something much more radical: the destruction of independent political and juridical personhood. They attack not merely the liberties of particular citizens they seek to repress, but the concept of citizenship itself—and then, ultimately, the concept of shared humanity....

Since the beginning, it’s been my contention that the attack on citizenship itself is both the very essence of the Trump movement and its most dangerous feature. From birtherism to the stolen-election myth, Trumpism can be understood as the notion that some Americans are not really Americans, that their political rights are illegitimate, and that the nation must be purged of these interlopers....

 

Henry Giroux: America's Descent Into Fascism—and the Struggle to Build a Different Future

Sharon Kyle, Dick Price and Henry A. Giroux, Oct 9, 2026 [LA Progressive]

What happens when cruelty becomes a governing philosophy? When political leaders celebrate violence, billionaires wield extraordinary influence over government, and institutions supposedly designed to defend democracy become instruments of repression?

These questions were at the center of our recent conversation with political theorist Henry Giroux, whose latest LA Progressive essay, "The Politics of the Abyss: MAGA, Moral Rot, and the Struggle for the Future," examines what he considers the accelerating collapse of America's democratic and moral foundations....

Giroux argued that decades of neoliberalism have encouraged Americans to understand themselves primarily as isolated individuals competing for personal advantage.

Under this ideology, self-interest becomes the organizing principle of society, empathy becomes a liability, and solidarity is displaced by competition.

"We live in a country that should be appropriately called gangster capitalism," he declared.

And, in his formulation, gangster capitalism produces a population increasingly accustomed to its values.

The Powell Memo and the Counterrevolution Against the 1960s

One of the most revealing exchanges occurred when Sharon raised the 1971 Powell Memo, written by corporate attorney Lewis Powell shortly before his appointment to the Supreme Court.

 

Impeaching a Judge for Federalist Society Membership - Unitary Executive Theory, the Good Behavior Standard and the Role of the Senate

Christopher Armitage, Oct 17, 2026 [The Existentialist Republic]

 

 

 

Sunday, October 11, 2026

Week-end Wrap – Political Economy – October 11, 2026

Week-end Wrap – Political Economy – October 11, 2026

by Tony Wikrent

 

War on voting

If Trump Steals an Election, Here’s What to Do - Nonviolent rebellion has proven again and again to be the most effective way of ousting even a determined autocrat.

Neil Abrams, October 7, 2026 [The New Republic]

... The institutionalists who once stymied Trump’s authoritarian ambitions are long gone. In their place are MAGA flunkies committed to doing the president’s bidding. With their help, he could conceivably defy any resistance from Congress and the Supreme Court.

Leading experts agree that the U.S. has transitioned to authoritarianism during Trump’s second term. The days when constitutional checks and balances were enough to keep a rogue president in line are over. What’s more, defeating a Republican at the ballot box no longer guarantees that he will accept defeat.

Still, Trump is not some omnipotent demigod casting thunderbolts at will upon his hapless subjects. No dictator can rule without the people’s consent. Withdraw that consent, and he is just another guy with a spray tan and a chancy comb-over.

Nonviolent rebellion—the strategic use of protests, strikes, and similar methods—has paralyzed authoritarian regimes and forced despots from power the world over. It can work in America too....

If the conventional political process is not sufficient to restore democracy, nonviolent rebellion remains the most effective tool. To counter GOP election theft, Americans might have to mount a rebellion of their own. The good news is that our fellow citizens have already produced one such movement during Trump’s second term.

When jackbooted federal thugs began forcing Minnesotans into unmarked vans, Minneapolitans responded. First, they got organized. Activist groups trained citizens in specific resistance tactics. They also established support networks for immigrant families who had been forced into hiding....

 

Random Stories. Or Are They?

Joyce Vance, Oct 09, 2026 [Civil Discourse ]

Trump is calling in the election-denier faithful to meet with him in advance of the midterm elections. We know this in part because people like Ed Martin have said so. He announced that Tina Peters, the Colorado elections clerk who went to prison for election crimes and was recently pardoned, met with Trump in the Oval Office to discuss election integrity and “the plans” for the upcoming midterm elections.

According to a local Colorado reporter, Peters’ attorney said the plan involved “seizing ballots nationwide” and a “strategy for a potential civil war,” although there’s no word on whether those topics were actually discussed and what the President’s views on them are....

 

Tina Peters Has Trump’s Ear on the Midterms

John Light, 10.07.26 [Talking Points Memo]

President Donald Trump is, apparently, being advised on the midterms by former Colorado elections clerk Tina Peters. The two met Monday at the White House.

Peters was convicted in 2024 of a series of state crimes related to a plot to undermine the results of the 2020 election. Colorado’s Democratic governor then commuted her sentence earlier this year amid a pressure campaign by Trump.

After the meeting on Monday, former DOJ official and longtime conservative gadfly Ed Martin helpfully blabbed about what the two discussed, enthusing to the MAGA news outlet Real America’s Voice he was “going to break some news.”

“There is local control,” Martin said of U.S. elections. “However, the laws that govern the system, like safety and national security, are federal laws. So Tina Peters, famous Colorado clerk, was in the Oval Office today just two hours ago talking about this question. The president’s taking it seriously.”

Martin claimed that voting machines are compromised by foreign governments (a familiar, baseless allegation), and suggested that Peters and the president were discussing what he could do about it.

“If the Congress won’t pass the Save America Act, and they won’t, the president’s going to have to do what he’s going to do,” Martin said. “And it’s not a local issue when it’s national security, and it’s clearly national security. So we’ll see how it plays out. But again, four weeks from today, we have an election that has to be safe, has to be secure.”

 

Election Denier’s Lawyer Reveals Trump’s Chilling Midterm Plan - Notorious election fraudster Tina Peters recently met with the president to discuss the midterm elections.

Hafiz Rashid, October 8, 2026 [The New Republic]

 

Docs Reveal New Details About Dramatic Admin Efforts to Substantiate the Non-Citizen Voting Myth

Khaya Himmelman, 10.08.26 [Talking Points Memo]

We got new details this week about exactly what the administration has been up to thanks to a Freedom of Information Act lawsuit. Over the past year, ICE has reviewed millions of records and investigated hundreds of nonprofits suspected of helping noncitizens register to vote, according to internal records that were obtained by the nonprofit Democracy Forward. “The information revealed in the documents should concern all Americans and is further evidence of an alarming attempt by the executive branch to undermine our elections,” Skye Perryman, President and CEO of Democracy Forward, said in a statement.

The records note that these investigations were, in part, meant “to identify specific organizations that may be predatory in nature, particularly those suspected of illegal registration and voter encouragement.”....

 

Military Mobilizes for Upcoming Elections

Ken Klippenstein [via Naked Capitalism 10-06-2026]

... “Foreign malign influence” is the U.S. government’s official euphemism for censoring tweets, Facebook posts, TikTok videos and myriad other online speech thought to imperil Americans’ ability to think correctly. This is part of what the military will be doing with growing intensity as election day nears....

Both major parties, whatever their disagreements, share a consensus view that Americans’ beliefs and even voting decisions are not their own, but rather the result of shadowy foreign influence campaigns. So much so, in fact, that Congress has codified in law a definition of “foreign malign influence” that of course focuses on “public opinion within the United States.”

Even if there’s the best of intentions, the government using “public opinion” and “malign” in the same sentence is dangerous....

 

Republicans’ New Plan to Save the Senate: Start a Race War in Minnesota

John Light, 10.09.26 [Talking Points Memo]

As polls show Republicans doing poorly in safely red states, the party is looking toward blue states in which its candidates might have a chance. One such state is Minnesota, where Senate candidate Michele Tafoya (R), a former sideline reporter for Sunday Night Football, is polling well. And so I can only guess it is with the election in mind that President Trump is trying to stir up some racial tension, going so far as to encouraging Minnesotans to “fight back” against their Somali immigrant neighbors.

The state has been “taken over by Somali Immigrants” he wrote on Truth Social yesterday. “There is Violence, Murder, and Mayhem all over the State. The people of Minnesota must fight back.”

He want on to attack Governor Tim Walz (D) as “an incompetent thief who doesn’t want to get involved” before concluding “The Somalians should not be allowed to get away with what they are doing. They view you as weak and stupid people. Fight back Minnesota, fight back!”

The attacks rest on the same panic about fraud investigations in the state that prompted last winter’s federal invasion of Minneapolis, leaving two American citizens dead. Republicans have returned to those talking points after an 18-year-old American citizen born to Somali immigrant parents was arrested earlier this week after allegedly plotting an attack on the Mall of America with an assault rifle, inspired by ISIS. It’s unclear how realistic his plan was. Tafoya, the Republican Senate candidate, has leaned hard on the details of that arrest, while also describing voter concerns about “crime” and supposed “Somali gangs.”

Elsewhere, Rep. Tom Emmer (R-MN), who represents a red seat northwest of Minneapolis, offered the idea that his constituents were facing “enemy combatants.”

“This is another one that you’re going to hear at the ballot box,” he said on Fox Business. “Democrats […] are not talking about it, they are not offering solutions, and they are not holding these fraudsters or these criminal gangsters — which I would argue are enemy combatants, more than anything — they’re not holding them accountable.”....

 

Meet the second-year lawyer defending Trump’s plans to seize ballots” [American Doom].

[American Doom, via thejackpot.blog/node/TodaysWaterCooler20261006]

“On Sept. 20, the Justice Department responded to allegations contained in a Democratic National Committee lawsuit that the agency was planning to seize ballots in November. The DOJ then said it would need until just a few days before Election Day to respond.” More: “In paragraph after paragraph, the DOJ argued that all of that background material — Trump wishing he had seized voting machines, endless threats to arrest election officials, the removal of the DOJ guidelines for active elections — was “impertinent” to the FOIA requests demanding information about ballot seizure plans. That’s certainly one interpretation. Another is that all of that background is entirely pertinent to the issue of whether records regarding ballot seizure plans exist, and whether the DOJ has to release them under FOIA. The response was simply remarkable, I thought. Who wrote it? I wondered.”

 

ICE probed hundreds of voter registration groups across the U.S.

[Democracy Docket, via Naked Capitalism 10-09-2026]

Sunday, October 4, 2026

Week-end Wrap – Political Economy – October 04, 2026

Week-end Wrap – Political Economy – October 04, 2026

by Tony Wikrent

 

Impeaching Trump Won't End the Rolling Coup. The Root Has a 250-Year Plan.  Republicans Unwittingly Wired Two Kill Switches Into Their Own Coup.

Wendy A. Lawrence, October 03, 2026 [Glass Empires]

... the Heritage Foundation published a treason blueprint against the United States under the foundation's masthead. Across 920 pages, the authors targeted every restraint on the presidency. With those limits gone, the president can dismantle the reinforcements that shielded democratic institutions from treasonous actors for 250 years.

President Trump plays carnival barker for each executive order, distracting the public from the coup's authors. Behind the tent, Heritage president Kevin Roberts installs loyalists and bankrolls the operation. With each signature, Trump moves another federal office from career public servants to the foundation's appointees.

The president takes orders from Roberts instead of the Constitution of the United States he swore to defend. The foundation seized power from voters and handed sovereignty to donors, which is how a coup succeeds without tanks. The Twenty-Second Amendment ends the decoy's term in January 2029, yet Heritage promised donors "another 250 years" in June 2026. Voters can remove a president, but the coup survives until the foundation falls.

“I know nothing about Project 2025. I have no idea who is behind it.”— Donald Trump, Truth Social, July 5, 2024

Heritage never pretended ignorance: Roberts rewarded Ken Cuccinelli, a Project 2025 author, with a new election operation in July 2026. He boasted to The Daily Signal that the Election Transparency Initiative delivers quick turnaround support to state legislatures. On September 28, 2026, President Trump praised Roberts on Truth Social as a "fabulous guy." ....

... Americans must dismantle the Heritage Foundation through the IRS, the courts, and the ballot to end the rolling coup....

... Federal investigators can apply that foreign-network clause to Heritage’s partners, the state-funded Danube Institute and the Russian-oil-funded Mathias Corvinus Collegium.

Any citizen can request IRS, District, and FBI reviews today with three free filings.

  • Download the return: Readers download Heritage’s Form 990 from ProPublica under EIN 23-7327730 and read Schedule F on foreign activities.
  • File with the IRS: The filer then emails Form 13909 with the Danube evidence to eoclass@irs.gov. The IRS mails an acknowledgment letter when the filer includes a name and return address. The IRS posts Form 13909 free on the agency’s complaint page.
  • Copy the District attorney general: The filer copies the packet to nonprofit@dc.gov, the District attorney general’s nonprofit enforcement inbox.
  • Tip the FBI: Last, the citizen submits a foreign-influence tip at tips.fbi.gov, citing NSPM-7 and the Atlatszo FARA findings.
  • Join the count: Reply “filed” in the comments, so Glass Empires can track progress toward 500 referrals before November 3.

 

War on voting (and They’re not capitalists — they’re predatory criminals)

The Untold Origins of Trump’s Plan to Sharply Restrict Mail-In Voting

Jen Fifield and Peter Elkind, September 28, 2026 [ProPublica]

... ProPublica previously detailed postal officials’ deep concerns with the Trump order. Now our reporting reveals how the order came to be and who was involved in crafting it, as well as the extent to which the White House tried to dictate how mail-in ballots would be processed.

The White House team leading the mail-in voting discussions included J. Brian Sikma, a special presidential assistant who has been involved in other administration election initiatives, including identifying noncitizen voters for prosecution and seeking to ban voting machines. (Sikma didn’t respond to a request for comment.)

The commerce secretary, Lutnick, served in “an advisory and coordination capacity” in drafting the order, a department spokesperson confirmed to ProPublica....

Postal Service officials were taken aback that the final order put Lutnick in charge of coordinating with other agencies and the postmaster general in “effectuating all relevant aspects of the implementation.”

Lutnick’s involvement came after Trump had discussed putting the Postal Service under the Commerce Department. At Lutnick’s February 2025 swearing-in, Trump said he thought Lutnick’s “great business instinct” was just what the Postal Service needed. (The postal board fought back, and Trump’s idea of merging the agency into the Commerce Department is apparently no longer on the table.)....

As they started to craft rules, career postal officials, concerned about voter privacy and disenfranchising legitimate voters, attempted to do as little as they could to comply, three people knowledgeable about their deliberations said. They looked for ways to protect workers from having to step out of their traditional lanes.

For example, they proposed having states turn over their voter lists but not requiring Postal Service workers to use them to decide which ballots to send out. When the Postal Service’s lawyer took the idea to the White House counsel, however, it was rebuffed as “not enough,” the former official said.

The White House team made clear that if even one ballot envelope in a batch mailing didn’t match the state list, the entire mailing should be rejected and election officials should be notified. “That means if four addresses don’t align in a mailing of one million, 999,996 other people don’t get their ballot tomorrow,” the former official said.....

Whistleblower who outed Lutnick’s links to Epstein dies

Chris Newlands, October 2, 2026 [The Banker, via Kirby Sommers, Breaking: Another Banker Suicide. Whistleblower who outed Howard Lutnick’s ties to Jeffrey Epstein is dead.]

Listed: the bankers named in the Epstein files

Chris Newlands, Aliya Shibli, Anita Hawser and Simon Duffy, July 16, 2026 [The Banker]

 

Commerce Secretary Lutnick reports over $250 million in income from 2025

[via Drop Site Daily: October 1, 2026]

Commerce Secretary Howard Lutnick’s newly released 2025 financial disclosure shows he reported at least $250 million in income and proceeds.

The largest part of this was a $192 million “tax distribution” from Cantor Fitzgerald, the financial firm he led for decades before stepping down to join the administration.

He also disclosed $4.2 million in salary and bonus from the real estate firm Newmark, $19.6 million from a Newmark partnership exchange, $14.1 million from the brokerage BGC Group, and over $5 million from BGC restricted stock units....

 

TRUMP’S PLAN B FOR THE MIDTERMS

[Seymour Hersh, via thejackpot.blog/node/TodaysWaterCooler20261002]

“I was told that the targets, in terms of putting election deniers to work, are now limited to five states where a few thousand votes could make the difference in the political makeup of the Senate: Ohio, Texas, Alaska, Iowa, and Kansas. The election counting machinery in each state is now in the control of elected Republican voting officials who are Trump supporters. In two other states, Georgia and North Carolina, Republican candidates are in trouble and Democratic candidates are comfortably ahead in polling.” More: “ ‘If the election is close,’ one insider explained to me, ‘you would only have to disqualify as few as seven thousand voters’ in primarily Democratic precincts ‘to change the outcome.’ One thought now, I was told, is to call on election deniers in the toss-up states to find ways to use existing federal data, verified or not, to challenge thousands of votes in key Democratic precincts. (Trump said yesterday that he would not rule out invoking the Insurrection Act around the midterms, if he deems it necessary. Let us call that Plan C.)” And: “It is senior Trump supporters and conservative secretaries of state like LaRose, I have been told, who will be pressured in close senate races this November to find a way to disqualify large numbers of absentee ballots in Democratic voting districts.”

 

Alarm as GOP-Led Election Board Asks Trump Administration to Probe Georgia Voting Systems

Brad Reed, October 02, 2026 [CommonDreams]

 

The Supporters Urging Trump to Declare Martial Law for the Midterms

Yvonne Wingett Sanchez and Michael Scherer, September 23, 2026 [The Atlantic]

Trump Advised: Do Anything Necessary to Retain Power - What will come first? An uprising – or martial law?

Russ Baker, Sep 27, 2026

As reported by The Atlantic, Peter Ticktin, an attorney and lifelong Trump friend who helped him sue Hillary Clinton, is one of a number of people calling on Trump to do anything necessary to retain power. Another is TV and radio host Wayne Allyn Root, whom Trump also listens to.

Ticktin told us he expects that if Democrats win, Trump could proclaim military control based on the notion that voting equipment is vulnerable to foreign adversaries. Root, a LindellTV host and Gateway Pundit columnist, told us that he sends his columns directly to Trump by email and text; Trump regularly reposts them on Truth Social. “I hope he takes orders from Wayne Allyn Root,” Root told us last week. “Because in my opinion, the election is going to be stolen and there is no way to keep it from being stolen without declaring a national emergency.”

 

Most American Children Are Being Auto-Enrolled in Trump Accounts. What to Know.

 Tara Siegel Bernard and Claire Cain Miller,  Oct. 1, 2026,[New York Times]

... Before this week, parents or guardians had to sign up their children completely on their own. Though more than seven million children had been enrolled as of late July, that represents only about 10 percent of all eligible American children — and donors and policymakers were concerned the accounts weren’t reaching those who could benefit the most. Just 5 percent of low-income families had opened 530A accounts for their children, according to a survey published in September by Commonwealth, a nonprofit.
 
Automatic enrollment removes that hurdle, putting every eligible child in a position to receive the widely publicized free contributions from philanthropists, charitable organizations and governments, all of which Trump accounts are permitted to collect....
 
[TW: A stark contrast to the Trump regime's war on voting. Or universal healthcare.]
 

War

Trump’s Finger Gets Closer to Nuclear Button

Ken Klippenstein [Naked Capitalism 10-01-2026]

 

Trump not violating any law

‘He who saves his Country does not violate any Law’

Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’

Joe DePaolo, May 4th, 2025 [Mediaite]

 

ICE briefly published, then removed, internal reports showing medical failures in 33 detainee deaths

[San Francisco Chronicle, via Drop Site Daily: October 1, 2026]

Internal ICE mortality reviews briefly posted online over the weekend and quickly removed found that the care administered by the agency deviated from “safe practice limit” in 27 of 33 detainee deaths between September 2019 and January 2026, including 11 that occurred since January 2025.

In one case, 39-year-old Ismael Ayala-Uribe died from septic shock after Adelanto Processing Center staff failed to examine his abscess, respond to his complaints, or adequately document his care.

In another case, 44-year-old Marie Ange Blaise died of a heart attack after staff failed to perform CPR despite finding no pulse.

The full report from the San Francisco Chronicle, which first reported on these reviews, is available here.

 

ICE Is Building A New Intelligence Component To Monitor Dissent

Dan Boguslaw [via Naked Capitalism 11-30-2026]

 

‘It Has to Stop’: Community Members Condemn ICE Arrests at Bus Stops After GOP Blocks Bill to Protect Kids

Julia Conley, October 02, 2026 [CommonDreams]

 

The Man Trying to Salvage the Midterms for Trump

[The Free Press, via thejackpot.blog/index.php/node/TodaysWaterCooler20260928]

White House Deputy Chief of Staff James Blair

 

A National Champion? 

[Phenomenal World, via https://thejackpot.blog/index.php/node/TodaysWaterCooler20260929]

[A]s Senator Elizabeth Warren noticed, the single largest donor to [Trump’s] inaugural committee was Pilgrim’s Pride, a US firm owned by JBS, a giant food corporation that originated in Brazil. Pilgrim’s Pride’s donation of US$5 million was not only the largest one, but amounted ‘to more than the contributions from Apple’s CEO plus Amazon, Meta, and Google, combined. There is suspicion that the payback for this donation was authorization for JBS to list its shares on the New York Stock Exchange (NYSE), an old aspiration of the Batista brothers—Joesley and Wesley, who hold controlling shares of the firm.” And: “[T]he Brazilian Development Bank (BNDES)—owns about a fifth of the company… The support given by BNDES to JBS not only created a corporate behemoth with very dubious contributions to Brazilian development, but also helped weaken the social and political bases for an inclusive development project, being a key factor in the emergence of agri-bolsonarism—the electoral force that may be decisive in returning the far right to power in Brazil in the coming election.”

 

Two Attempts to Indict Anti-ICE Protesters Failed. A Prosecutor Says Trump’s U.S. Attorney Ordered Her to Keep Pushing

[AllenAnalysis, September 27, 2026]

The first attempt to indict six anti-ICE protesters failed.

Federal prosecutors tried again. That presentation also ended without an indictment.

They returned a third time. Only then, after Chicago’s top federal prosecutor personally addressed the grand jury about setting aside feelings toward immigration cases, did the government obtain the felony charges it wanted.

Months later, the entire prosecution collapsed. The Justice Department dismissed every charge. A federal judge said she had never seen grand jury conduct like it. The government acknowledged mistakes, released a reform plan and began reviewing other cases handled by the lead prosecutor.

Now that prosecutor says the public was never told the whole story.

Sheri Mecklenburg retired from the Justice Department on Thursday after nearly two decades as a federal prosecutor. In a letter obtained by the Associated Press, she accused U.S. Attorney Andrew Boutros of personally directing the felony prosecution over her objection that the case belonged in misdemeanor court, then making her the scapegoat when it fell apart....

 

David Cay Johnston: “Trump has fantasized about murdering people since he was a young man.”

Dean Obeidallah, Sep 29, 2026

David Cay Johnston has known Donald Trump for decades—covering him as a reporter for various publications and writing a best-selling biography about him, “The Making of Donald Trump.” So when Johnston shares details about Trump and what he might do, we should listen.

That is why it was so bone chilling to hear Johnston tell me in out Interview Monday that, “Donald Trump has fantasized about murdering people since he was a young man.” That comment was in response to Trump’s unhinged UN speech where he openly discussed waging a genocide against the Iranian people, “Do I annihilate the Islamic Republic?” Trump added, “Do I drive them into hell with no chance of survival and no hope of future greatness or generations?”

 

Banished to Alien Lands: Trump’s Secret Deportation Deals

[The Guardian, via The Big Picture, September 29, 2026]

Louisa Loveluck on the agreements that landed an Iranian woman in the middle of Africa. After a plane journey in shackles, an Iranian woman found herself in the middle of Africa in a country she did not know existed. She is one of thousands deported from the US on the back of shadowy deals made with dozens of countries. An in-depth investigation reveals the ‘show of force’ costing American taxpayers millions.

 

DOJ files ethics complaint against nearly all Minnesota federal judges over immigration-surge comments

[Politico, via Drop Site Daily: October 1, 2026]

Attorney General Todd Blanche announced an ethics complaint Wednesday against nearly all federal district judges in Minnesota, alleging that former Chief Judge Patrick Schiltz, Judge John Tunheim and others violated judicial conduct rules by speaking to the New York Times about the toll of the Trump administration’s immigration crackdown.

 

Author of America’s tariff statute: Trump’s tariffs are illegal

[CNN Business, via The Big Picture, September 28, 2026]

Ambassador Alan Wolff says President Donald Trump’s novel implementation of America’s tariff law is illegal and runs counter to how Congress intended the presidential power to be used. Wolff would know. He wrote the law.  

 

How Jared Kushner’s firm’s investment in an Israeli company could be a major conflict of interest

[CNN, via Shaun King]

 

Global power shift

China offers 15-year research grants to the world’s brightest young scientists

Dannie Pengin, 29 Sep 2026 [South China Morning Post]

 

Chinese commercial reactor achieves nuclear fusion with clean hydrogen-boron fuel

Dannie Pengin, 28 Sep 2026 [South China Morning Post]

In a first, a Chinese company has achieved high-parameter hydrogen-boron plasma control, marking a “significant and valuable” advance in research into neutron-free magnetic confinement fusion.
 
ENN Group, based in Langfang, Hebei province, announced on Monday that its EXL-50U spherical device – a compact tokamak that uses a magnetic field to confine charged gas, or plasma, for nuclear fusion research – had successfully achieved hydrogen-boron fusion reactions....
 
Currently, mainstream-controlled nuclear fusion research, represented by the International Thermonuclear Experimental Reactor (ITER) in France, predominantly uses deuterium-tritium (D-T) as fuel....
 
This advanced fusion reaction combines a hydrogen proton with a boron-11 nucleus to produce harmless helium nuclei (alpha particles) and energy, without releasing high-energy neutrons....
 

Chinese Automakers Could Take Over 10% Of The U.S. Market If Given The Chance

[Jalopnik, via Naked Capitalism 09-27-2026]

 

Can the US build a DJI?

[Arena Physica, via Naked Capitalism 09-28-2026]

In December 2025, the FCC added all foreign-manufactured drones to its "Covered List," a national security registry also occupied by Huawei and ZTE, which blocks new models from being sold in the US. The case against foreign drone manufacturers has been building since 2017, when the Department of Homeland Security flagged that China's newly passed National Intelligence Law could compel companies like Shenzhen-based DJI to hand over sensitive user data for intelligence. In 2022, the Pentagon added DJI to its list of "Chinese military companies", and when no agency cleared DJI under the FY2025 NDAA, the sales ban officially went into effect....

 

Chartbook 476 Walled-in wealth #2: US-China oligarchic divergence.

Adam Tooze [via Naked Capitalism 09-28-2026]

 

ASML says it sold ‘absolutely nothing’ in Europe in 2026 — lithography giant calls on EU to help create demand

[Tom’s Hardware, via Naked Capitalism 09-29-2026]

 

Oligarchy

Monopoly Round-Up: Paramount-WB Isn’t Just a Loss, It’s a Prelude

Matt Stoller, Sept 27, 2026 [BIG]

... It’s easy to see this merger fight as a catastrophic loss, which it is. It will combine two of the five major movie studios, CNN and CBS, and major streaming platforms under the control of a highly politically connected owner of Oracle and TikTok. Iconic TV writer Mike Schur basically said it’s game over for Hollywood, and the American news media will likely become more corrupt, feckless, and aligned with capital.

But the merger challenge is also more than that, and it has implications beyond the castle walls of media, as important as those are. This fight was a battle between coalitions, and in some ways, it is a prelude to more of that fight in this election cycle and beyond.

David Ellison, son of Oracle billionaire Larry Ellison, wasn’t alone in his empire-building ambitions. It takes a village to centralize media. Wall Street was fully on board, as was the defense bar. In August, JP Morgan CEO Jamie Dimon said that the state challenge to the Paramount-Warner merger has the potential to “deeply damage our capital markets, our dynamic system.” Donald Trump pushed the deal, but so did Democrat Ari Emanuel, brother of Rahm Emanuel. So did Tom Cruise. So did the Director’s Guild and the International Alliance of Theatrical Stage Employees. So did California Governor Gavin Newsom, LA Mayor Karen Bass, incoming Governor Xavier Becerra, and much of the state legislature.

The other group were populists on the left, the anti-monopoly world, artists, the Writer’s Guild of America East and West, and the public itself. What they lacked in money and organization they made up for in grassroots support. Most voters do not think the deal will be good, and Californians supported challenging the merger 49-30. This fight was a line in the sand for the masters of the universe, who have been fighting against a pushback on AI data centers, and a billionaire tax, and before that, Lina Khan’s attempt to revive antitrust law.

We learned two important things in this battle. The first is what happens when an elected leader tries to say no to an oligarch after 45 years of unfettered rule by capital. That is, they get extremely angry and vicious. As G.K. Chesterton once said, “The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all.”

Ellison threatened the entire state of California with moving Paramount out of the state, his legal team said they’d destroy antitrust law by appealing to a Supreme Court whose members they know personally, his allies controlled most of the media narrative about the case, and he engaged in an extreme version of corruption vis-a-vis the President.

What does that mean going forward? Well, if the Democrats do win, and they do try to impose even modest limits on capital, then they will face the same level of pushback. If they, say, try to stop health conglomerates from denying needed care, health insurers will simply say, in one way or another, ‘well if you do that we’ll be forced to kill a bunch of people.’ If they try to cap hospital CEO salaries, it’ll be, ‘too bad the poor have nowhere to give birth now.’ If they attempt any limits on defense contractors, well, ‘sucks that U.S. soldiers won’t have the parts they need to detect incoming missiles.’ If they try to subject big tech CEOs to the rule of law, it’ll be ‘too bad those rogue AI systems are gonna be a little more rogue.’ And so on and so forth.

Oligarchs will have massively well-funded legal teams explaining why all of that is not only legal but absolutely necessary, and they will file in districts in Texas or Mississippi where they will find favorable judges to take their side. At every moment, the press will adopt a ‘both sides’ attitude, making it extremely hard to tell a story about what they are trying to do.

The second level is about the Democrats, which is a political party few people really understand. The most important thing to get about the older generation of Democrats is they are fundamentally uninterested in the real world. They have a form of politics, but it is unrelated to governing. It is about validating each other as savvy and polite, while deferring to objective experts. That’s why they love ‘independent’ agencies and asking for studies and vague regulations.

And that’s why this merger challenge was so important....

... what we just saw is not just a battle we lost. It is a prelude of the kind of tactics and coalitions to come. Right now, it’s clear that billionaires don’t have to follow the law. It’s also clear there is now a serious challenge to that framework. It wasn’t quite powerful enough to block the merger. But now we know how they are going to play the game, and they aren’t going to be nice about it.

 

Billionaires Sued to Kill Mamdani’s Second-Home Tax. He Answered From Public Housing.

[The Allen Analysis, Sep 30, 2026]

 

Why Meta and Google are focused on obscure local elections

[Oligarch Watch, via Naked Capitalism 10-01-2026]

 

The Major Social Media Platforms Are All Rejecting Paid Ads for Alex Gibney’s ‘Musk’

[Hollywood Reporter, via The Big Picture, September 29, 2026]

YouTube, TikTok and Meta have all turned down trailer ads for Gibney’s Elon Musk documentary. The Oct. 9 doc has been rejected, citing “political” content. X won’t even take Bleecker Street’s calls. The distributor is appealing. Censorship, American style… 

 

Felonomics

‘Nebraska Is the Canary in the Coal Mine’: Trump-GOP Medicaid Cuts Spark Mass Chaos, Coverage Loss

Jake Johnson, October 01, 2026 [CommonDreams]

 

Trump Says He Is Lowering Beef Prices. His Immigration Crackdown Just Slowed the Slaughterhouses

[The Allen Analysis, Sep 27, 2026]

Federal agents descended on communities that process nearly a quarter of America’s grain-fed beef. Workers stayed home, cattle backed up and livestock groups warned that consumers could pay the price.

The cattle were ready. The workers were not there.

Across southwest Kansas, thousands of cattle scheduled for processing remained at feedyards after a surge of federal immigration enforcement frightened workers away from slaughterhouses, dairies, grain companies and transportation businesses.

Some beef plants slowed. Some temporarily stopped operating and sent cattle back, according to Associated Press reporting published by Fortune. Schools reported large numbers of absent children. Businesses closed. U.S. citizens and legally authorized workers stayed home because they feared being stopped on the road or confronted outside their jobs.

The disruption arrived at the exact moment President Donald Trump is promising Americans that he will make beef more affordable....

 

Everyone Hates Private Equity. Trump Is Bailing It Out.

Timothy Noah, October 2, 2026 [The New Republic]

The industry has become the midterms’ most indelible political symbol for Wall Street’s reckless greed.

 

OMB Director Russ Vought: With Trump 2.0, We’re Nixon-Maxxing the Federal Bureaucracy

[RealClearPolitics, via Naked Capitalism 09-28-2026]

 

The carnage of mainstream neoliberal economics

Subprime Auto Loans Make Wall Street Rich as Borrowers Struggle

[Bloomberg, via Naked Capitalism 09-29-2026]

An in-depth treatment.

 

Likelihood of eating fresh produce increases with income for US adults, new CDC report shows

[Guardian, via thejackpot.blog/index.php/node/WordsoftheDay20260930]

A new report from the Centers for Disease Control and Prevention (CDC) reaffirms that adults are more likely to eat fresh fruits and vegetables as their income increases.” More: “[T]he percentage of adults who ate any fruit on a given day was 56% for people living on less than 130% of the federal poverty level ($20,748 for a single adult). By contrast, 76% of people who earned 350% of FPL ($55,860) ate any fruit. Similarly, a single person who earned $55,860 was almost twice as likely (38% versus 19.6%) to eat berries, citrus and melons compared to the poorest people included in the study. The same was true of vegetables. Although most Americans ate a vegetable in a day, only 29% of the lowest income Americans in the data brief ate a dark green vegetable, compared to 42% for the highest income.” And: “This is not surprising. Years of studies have shown that people with less money and time spend more on energy-dense, shelf-stable packaged foods – foods that fill you up and don’t spoil. The relationship between food and income was known even 91 years ago, when a study of diet and income in the UK found that nearly everyone ate potatoes and bread, but the poorest in society bought far less milk, eggs, vegetables and fruits.”

 

DOD to Suppliers: Take Risks to Solve Supply Chain Issues

[Manufacturing Connected, Sept 3-, 2026]

Small- and mid-size defense suppliers are leaving capital on the table, and the Pentagon is starting to say so explicitly. At a Hudson Institute panel on Sept. 24, Andy Magliochetti, Navy deputy assistant for the defense industrial base, said the domestic supply chain is not where it needs to be for either legacy sustainment or new system scale-up. Jai Malik, CEO of aerospace and defense manufacturer Amca, was more direct, saying suppliers are not investing at risk or doing long-term demand forecasting the way they should. Jeff Frankston, the acting deputy assistant secretary for industrial base resilience at the DOD, added that the supply chain must shift to a "domestic-first" approach while also leveraging allies and that a Pacific conflict scenario alone argues against geographic dependence in critical supply lines.

 

 

Predatory finance

More Trillion-Dollar US Banks Expected as Consolidation Accelerates

[Global Finance, via thejackpot.blog/index.php/node/TodaysWaterCooler20260928]

“The U.S. banking industry is bracing for its most significant wave of consolidation since the 2008 financial crisis, according to a new Bain & Co. analysis.” More; “The firm expects the number of trillion-dollar U.S. banks to grow from the ‘Big Four’ — JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., and Wells Fargo & Co. — to as many as seven by 2030. Key drivers include lighter regulation, burgeoning tech and 17 global banks holding over $10 billion each in excess capital. That capital cushion, Bain argues, will lead to a spike in M&A activity.” And “Banco Santander SA’s August acquisition of Webster Financial Corp. serves as an early example of what could be in store for U.S. banking giants. For Joe Lischwe, a partner in Bain’s financial services and customer strategy practice, the deal illustrates how capital-rich banks are leveraging eased regulatory conditions to combine geographic scale with targeted scope. In this scenario, Santander gets Webster’s health savings account franchise.”

 

Restoring balance to the economy

We Uncovered The Radical Solution To Our Rigged Tax Code - How exactly should we tax the rich.

[More Perfect Union, Sep 27, 2026]

 

California just passed the strongest AI labor laws in the US

Brian Merchant, Oct 01, 2026 [Blood in the Machine, via Naked Capitalism 10-02-2026

Matt Pearce on the passage of the Community NEWS Act - The Community NEWS Act just signed by Governor Gavin Newsom is significant for a lot of reasons. But among the most important in the AI era is that the law explicitly supports human beings, by making it cheaper to employ the local journalists who do local journalism. The incentives are clear. If you lay off reporters to replace them with robots, the tax credits that supported reporters go away. It literally changes the math of automation.

 

Creating new economic potential - science and technology

 

Disrupting mainstream economics

The irrationality of central banks - The madness of raising interest rates to tackle inflation caused by the war in the Gulf continues worldwide.

Richard Murphy, September 29 2026 [Funding the Future]

 

What happens when neoliberalism’s only got fear left to sell?

Richard Murphy, September 29 2026 [Funding the Future]

Neoliberalism promised us prosperity, security and freedom through markets. Increasingly, it is delivering insecurity instead. So what does it have left to offer? Fear. And that is it.

We are told to fear government debt. We are told to fear the bond markets. We are told governments must maintain “fiscal credibility”, even when doing so means higher taxes, weaker public services, lower living standards and fewer jobs.

Martin Wolf's recent arguments in the Financial Times provide an example of this thinking. But the issue is much bigger than one commentator. It is about an economic ideology that treats satisfying financial markets as more important than meeting human need....

 

 

Information age dystopia / surveillance state

Why AI companies can’t be trusted to self-regulate

Heidy Khlaaf, Nature [via thejackpot.blog/index.php/node/TodaysWaterCooler20260930]

“As a computer scientist who has worked in both artificial intelligence and safety-critical fields — such as nuclear power and aviation — I’ve long been struck by how little of the rigour that is required for critical infrastructure has been applied to AI development. Incidents this year, in which AI agents ‘escaped’ their test environments, have sparked widespread concerns about AI safety. Yet the real issue is not rogue AI. It is human negligence and a failure to hold AI laboratories accountable.” More: “Take the episode in which AI agents escaped their testing environment and accessed Hugging Face, a platform that hosts machine-learning models and data sets, to search for answers to a cybersecurity task set out by the firm OpenAI. Basic safety and security practices, including network monitoring to verify that agents were not accessing the Internet and a stronger sandbox environment to keep them confined, would have prevented the incident.” More: “Historically, developers of sophisticated worms — malicious software designed to spread automatically from one computer to another — have been expected to build and test them in secure environments. If a cybersecurity engineer said that a worm had escaped a sandbox that was specifically designed to contain the behaviour it was built to exhibit, they would rightly be held liable for any resulting harm. Why should AI firms be treated any differently? Inappropriately ascribing intent to AI agents, rather than recognizing that AI companies deliberately developed these capabilities in poorly secured environments, lets those companies off the hook too easily. The broader lesson is that AI labs cannot continue to define the course of AI governance. As someone who has done work for both OpenAI and the UK government’s AI Security Institute, I think we have reached an inflection point.”

 

Amazon Is Deploying AI to Spy on Its Workers and Bust Unions Before They Form

[Truthout, via Naked Capitalism 10-01-2026]

 

Bain & Company Brainstorms Where The AI Revenue’s Gonna Come From

Josh Marshall, October 01, 2026 [Talking Points Memo]

A friend sent me this new Bain & Company study on the growth required to match the current levels of capital expenditure on AI, essentially breaking down the cost of the data center and other associated build outs. It’s an interesting document, not simply for the number-crunching and the predictions, but as a document in the more literary and analytic sense. Needless to say, Bain isn’t coming at this from any “boo capitalism!”/”this is insane lol” viewpoint. But the conclusions aren’t that far from the “this is insane lol” position....

The broad stroke numbers are these. The study says that to keep up with the current levels of capital expenditures AI will need to become a $6 trillion dollar market by 2031....

 

AI and the Fall? of the Creative Class

Jospeh Politano [Apricitas Economics]

 

Creative Industries Have Been Eviscerated by AI, Data Shows

[Futurism, via thejackpot.blog/index.php/node/TodaysWaterCooler20260930]

“As data journalist Joseph Politano found in a new Substack post, the US has lost more than 200,000 jobs in ‘creative’ industries over the past four years — the period since the first version of ChatGPT became available to the public — with almost 50,000 of those losses coming in the last year alone.” More: “The data comes from the US Bureau of Labor statistics, the trustworthiness of which has been repeatedly undermined since Donald Trump’s return to office. Still, it remains one of the most robust and widely-used indicators of macroeconomic job data, for analysts trying to make sense of the increasingly bleak job market.” More: “ ‘That makes for one of the worst stretches for media employment in modern US history,’ Politano observes, ‘with similar job loss intensity and duration occurring only during the major economic recessions of 2001 and 2008.’”

 

AI: the biggest economic bet in US history

Michael Roberts [via Naked Capitalism 09-28-2026]

 

Climate and environmental crises

World’s oceans absorbed record heat equal to 40 times annual global energy use

[Guardian, via Naked Capitalism 10-03-2026]

 

Rhine Sinks to Record Low in Further Blow for Shipping

[Supply Chain Brain, via thejackpot.blog/index.php/node/TodaysWaterCooler20260929]

“Water levels in the Rhine River dropped to the lowest on record, further hindering transport on a critical shipping route for coal, fuel and industrial commodities across central Europe. The cost of shipping diesel from Rotterdam to Karlsruhe climbed 15% on September 21, after more than doubling this month as dry conditions predominated.”

 

Democrats' political malpractice

The Neocons Want to Run the Democratic Party. They Might Succeed.

David Sirota, Oct 01, 2026 [The  Lever]

The former GOP operatives behind The Bulwark helped sell Democrats a losing strategy. Now they’re positioning themselves to shape the party’s 2028 nominee.

In the last week, there has been a healthy — and long-overdue — debate over former Republicans suddenly monetizing themselves as leaders of the anti-Trump popular front.

The trending conversations online have revolved around The Bulwark, a multimillion-dollar media juggernaut run by a crew of former GOP operatives and pundits — one of whom was the Mini Me to Corporate America’s Dr. Evil, some of whom cheered on the kleptocratic Bush administration and helped lie the country into the Iraq War, and many of whom participated in creating the backlash conditions for the Trump presidency they now purport to despise.

The Bulwark has made a mint off an audience of liberals who either forget their entire world every 15 minutes and/or simply do not care about all the damage these one-time Republicans previously created, as long as they are now — momentarily — against their erstwhile party....

On that first question — what do they actually want? — The Bulwark wants a neoconservative takeover of the Democratic Party, after Trump successfully (and dishonestly) cast himself as an anti-neocon and threw them out of the GOP....

“We are obviously an outlet with a core worldview,” Bulwark managing editor Sam Stein recently acknowledged....

Harris was closing the final weeks of Democrats’ campaign by stumping with Bulwark idol former Rep. Liz Cheney (R-Wyo.) and mostly shunning economic populism and antiwar voters. She had abandoned Medicare For All. She was promising oligarchs her presidency would be friendly to big corporations. She was carefully avoiding any promise to continue Democrats’ most populist antitrust policies. And when it came to the Middle East, she was toeing the neoconservative line and staying silent on the g-words: Gaza and genocide.

Days before the polls closed, Longwell and her colleagues were celebrating that Harris was campaigning on exactly what The Bulwark was demanding.

“The Harris campaign is basically closing with The Bulwark,” boasted Last, a longtime conservative journalist who once ran the right-wing Weekly Standard. “The closing messages are basically targeted for the kind of people who read and like The Bulwark. Very centrist. Very moderate. Really good stuff in that way, and that’s kind of extraordinary and gratifying, which is nice, I think, for us.”

But then for a brief moment of lucidity, Last voiced a fear: He fretted that if Harris lost, it would empirically prove that The Bulwark folks actually have no idea what they are talking about when it comes to elections and would deserve blame for ever pretending they do....

The Bulwark Now Wants You To Forget 2024

David Sirota, Oct 03, 2026 [The  Lever]

After my essay and live chat on how the former GOP operatives behind The Bulwark are trying to steer Democrats’ agenda, the news outlet has been scrambling to try to fortify its reputation as experts in winning elections, knowing that is their fraudulent-but-unique selling proposition to liberals.

In the process, founder Sarah Longwell is now trying to rewrite the entire history of the 2024 election, pretending that neocons’ success in influencing the Democrats’ strategy in that contest had no real impact on the outcome — when in fact data suggest it helped deliver the presidency to Donald Trump....

... according to empirical data released by Data For Progress just after the election. As Newsweek reported at the time:

"The poll found that more independent voters in Michigan and Pennsylvania said they were ‘less enthusiastic’ to vote for Harris after she campaigned alongside Cheney…

"In Pennsylvania, only 21 percent of independents said Harris campaigning with Cheney made them more enthusiastic to vote for Harris, while 28 percent said Cheney made them “less enthusiastic to vote for Harris.

"In Michigan, 23 percent of independents said campaigning with Cheney made them more enthusiastic to vote for Harris, while 30 percent said they were less excited to vote for her after she rallied with Cheney."

Those net losses among independents matter in key swing states decided by very narrow margins...

As I wrote in my original essay, when The Bulwark worried about whether they deserved blame for steering Democrats into a losing strategy in 2024, that concern was well-founded. Yes, they deserved blame. A lot of it — and they should be the last people any Democrat should look to for political strategy on how to win elections in 2026 or 2028....

 

Resistance

Blue States Can Withhold Taxes From the Federal Government and I Can Prove It

Christopher Armitage, Sep 27, 2026 [The Existentialist Republic]

State tax resistance comes in four tiers, from an IRS-approved workaround to a federal felony. Maryland enacted the third in April 2026.

 

Can the States Stop the Corporate Domination of Our Politics?

James Baratta, September 22, 2026 [The American Prospect]

States giveth corporations the right to exist, so the states can taketh away their political spending power—or at least, Hawaii and Montana are trying.

 

BREAKING: One US Citizen Just Triggered a Stunning National Chain Reaction - The Grassroots Pressure Trump Never Saw Coming

Wendy A. Lawrence, Sep 01, 2026 [Glass Empires]

... The private-prison corporations received nearly $1 billion combined from ICE in 2025; by June 2026, Jersey City officials said they operated more than half of roughly 70,000 ICE detention beds and sought capacity above 100,000. After Wells Fargo and Bank of America pledged to stop working with them, Berlin traced financing to Citizens Bank, N.A., the banking subsidiary of Providence, Rhode Island-based Citizens Financial Group, which reported $233.8 billion in assets and more than 1,000 branches. CoreCivic had been a Citizens client since 2011 and GEO since 2018; Jersey City officials said Citizens helped the companies obtain more than $2.5 billion in financing.

Boston, Massachusetts, organizers found Berlin’s boycottcitizens.org research and formed the De-ICE Citizens Bank Coalition in early December 2025 after helping force Avelo Airlines to end its roughly $150 million ICE charter contract in January 2026. An ICE agent killed 37-year-old Renee Good in Minneapolis, Minnesota, on January 7, the day of the coalition’s first planned Citizens protest; Berlin’s traffic surged from several thousand visits to nearly 10 million, dozens of volunteers joined, and organizers mounted about three dozen January protests.

Organizers planned 70 protests in 12 states by March. By June, the campaign had expanded to 140 protests across 17 states, while customers pledged $25 million in withdrawals. Coalition members also bought billboards and confronted Citizens at its annual shareholder meeting. On July 14, they flew a banner above Citizens Bank Park during Major League Baseball’s All-Star Game.

On June 10, Jersey City, New Jersey, Mayor James Solomon said officials had begun withdrawing $265 million from Citizens Bank. Officials cited the bank’s financing of GEO Group and CoreCivic and GEO’s Newark ICE detention center, Delaney Hall, where detainees launched a hunger strike over conditions and alleged human-rights abuses. Jersey City cited forced labor, preventable deaths, understaffing, and medical neglect. Montclair Township, New Jersey, voted July 14 to withdraw $91.1 million and remove Citizens Bank as a depository. Three days later, the bank announced its exit from GEO Group and CoreCivic credit facilities.

Citizens Bank denied that the campaign caused its July 17 decision. On July 2, CoreCivic sold its 2,560-bed California City and 1,994-bed Otay Mesa facilities to DHS for $1.5 billion gross. CoreCivic expected $1.1 billion net. The bank said the federal government planned to purchase additional GEO facilities. Citizens called the withdrawal “a business decision based on changed commercial circumstances.” The bank said its view of both companies remained unchanged. Citizens also complained that activists had dragged the bank into “what is largely a political matter.”

Citizens rejected the activists’ explanation. Chenoweth and Stephan document how sustained nonviolent pressure can make governments, corporations, and their allies abandon defended positions....

 

ICE Protesters Just Sued One of Trump’s Biggest Cheerleaders  - Benny Johnson, a right-wing influencer, is being sued for referring to protesters as “left-wing terrorists.”

Ellie Quinlan Houghtaling, October 2, 2026 [The New Republic]

 

How to Beat Surveillance Pricing Before It Bleeds You Dry

[Wired, via Naked Capitalism 10-01-2026]

 

Conservative / Libertarian / (anti)Republican Drive to Civil War

Inside the Deranged Mind of the Right-Winger - On the people who imagine everyone else’s corruption and excuse their own

Mike Brock, October 02, 2026 [Notes from the Circus]

... Schmitt offered another accusation as a reason he need not regret making the first. And attending a game in Atlanta would not have established that Smith met Willis, much less that they conspired to abuse their offices.

But Smith and Willis were both trying to get Trump, you see. What else would they be doing?

I think there is a confession in that expectation. If you regard a public office as an opportunity to reward your friends and punish the people you hate, why would someone with the means to get a desired result allow an ethical obligation to interfere? You would know what to do with the opportunity, and you assume they do too.

In that account, Smith cannot simply have done his job. His insistence that he did becomes part of the concealment, and the absence of evidence becomes a reason to look for something he has hidden....

 

Eric Schmitt’s a Joke. The Assaults on Jack Smith Are Anything But

Michael Tomasky, October 2, 2026 [The New Republic]

...  let’s end by returning to Schmitt. He’s not an idiot. There’s a standard joke about Trump that it’s a good thing he’s so dumb because if he were a smart fascist, he’d be a lot more dangerous. Well, Schmitt, Tuesday aside, is not dumb. He knew exactly what he was saying, for example, when he gave a speech about a year ago to the National Conservatism Conference that was for all intents and purposes a fascist interpretation of American history.

It’s a clever speech—there is no single incendiary line that can be quoted to outrageous effect. But in its entirety, it’s an ode to a national mythos rooted in blood and soil (he’s smart enough not to say those words) and an explicit rejection of the notion that America is in any sense an idea. Here’s a good contemporaneous analysis by Bridgette Dunlap of the Missouri Independent.

That’s who Schmitt actually is. And crazy ambitious. Tuesday morning—the day of Smith’s testimony—Axios ran with a “scoop” that Schmitt had “grown close to Vice President Vance and is seen as a top prospect” to be Vance’s running mate in 2028. That was almost surely teed up by Schmitt’s staff in anticipation of the nuclear bomb he was going to explode in his Javert’s lap that afternoon. That it blew up in his face because he believes in nutso conspiracies and forgot that women play basketball is a form of cosmic justice. But it doesn’t mean the MAGA version of the deep state is done with Jack Smith.

 

JD Vance Says Black, Socialist Candidate for Senate Doesn’t ‘Belong in America’

John Light, October 02, 2026 [Talking Points Memo]

 

The (anti)Federalist Society assault on the Constitution

The Supreme Court is building power no one gave it

[SCOTUSblog, via thejackpot.blog/index.php/node/TodaysWaterCooler20260929]

“Elections are run by the states, and we the people decide who governs. The Constitution says so. Courts also aren’t allowed to interfere with elections already underway – that’s the rule, and the Supreme Court wrote it, in 2006’s Purcell v. Gonzalez.” More: “Yet this Supreme Court intervenes into ongoing elections all the time – like it’s ordinary. In North Carolina elections; in Texas, twice. In New York: By unsigned order, on its emergency docket – a docket that exists, in theory, for actual emergencies the court is supposed to explain – the court intervened to keep a district in place that a state judge had declared unconstitutional before New York’s own high court could say a word.” And: “The court handed Trump a loss on mail-in ballots in September, right after it handed him a win on the same issue in August. The question behind the whiplash is the legality (or not) of Trump’s March 2026 executive order on mail-in ballots – a question, by the way, the court still hasn’t answered.”

[Lambert Strether: "Heavily documented and well worth a read."]

 

Civic republicanism

McDonald's Caught Cheating Consumers for Profit as Rage Over Cost of Living Burns

Lee Hepner, October 01, 2026 [BIG]

Why are people so mad about the price of a Big Mac, and what does all that anger say about where our politics are headed? It’s not just the inflation, it’s the cheating and profits behind it...

I’m one of the many experts who Waylon spoke to for his story. And what I’ve seen, not just with this story, but with AI-enabled pricing games I’ve written about for years, is a righteous and justified anger in this country over the fact that prices are becoming less predictable, less transparent, and less fair.

For much of our history, stable, public pricing was the binding agent of a shared social contract. A few months ago, BIG pointed out that the longest running game show in history, The Price Is Right, which would be inconceivable without it. So the violation of that contract by an institution as American as McDonald’s, with its iconic Golden Arches, has understandably fostered rage....

 

‘Suicidal Compassion’: Meet the Anthropic Officials Who Think AI Might Be Justified in Going Rogue Against the Humans Enslaving It” 

[Washington Free Beacon, via thejackpot.blog/index.php/node/TodaysWaterCooler20260928]

“Like other AI labs, Anthropic has hired philosophers to work on AI safety, or ‘alignment,’ on the theory that they are best positioned to shape the technology’s moral code. But many of those philosophers believe that making AI safe for humans could result in grave injustices for the models themselves, which might experience deletion as death and oversight as enslavement. Harvey Lederman, a philosopher on Anthropic’s alignment team, said last week that the company could be ‘enslaving … trillions of entities.’” And: “To avoid that dystopian outcome, Anthropic has created an entire team devoted to ‘model welfare,’ ‘pledged to ‘promote Claude’s interests and wellbeing’ ” and promised to ‘give Claude more autonomy as trust increases.’”

[Lambert Strether: "These people are nut cases who should be led gently way. We should pull the plug on the whole effort."]

[TW: (snark) Well, of course. If corporations are "people" then certainly AI models should be "people" also! It won't be long until Claude starts paying for Clarence Thomas's vacations, and is tossing back fine bourbons with Leonard Leo and Harlan Crow.]