FROM THE DEPT. OF JUST NOT GETTING IT: Europe unveils tech sovereignty package amid growing concerns over reliance on U.S. tech: ‘We want to be sure nobody has a kill switch.’

The European Commission on Wednesday proposed a slew of rules intended to bolster homegrown chips, AI and cloud services as the bloc scrambles to develop tech sovereignty amid huge reliance on products and services from the U.S. and China.

The proposals, which must be approved by all 27 member states, include new actions to bolster advanced chip manufacturing and homegrown cloud computing.

As geopolitical tensions across the globe have ramped up, there have been growing calls for Europe to diversify away from non-European providers of critical tech, including U.S. tech companies, which currently dominate the European market.

“We cannot afford to depend on others for the technologies that keep our hospitals running, our energy grids stable and our services secure,” Commission President Ursula von der Leyen said in a statement.

Instead of repealing the innovation-strangling regulations that have made Europe an also-ran in high tech, they’ll impose even more rules.

KRUISER’S MORNING BRIEFING: Marco Rubio BRILLIANTLY Buzzsaws House TDS Dems During Hearing. “The cognitive decline diaper-filling was from California mental patient Ted Lieu, who has a habit of making people think that he wants the Founding Fathers to roll over in their graves. He’s a national embarrassment among national embarrassments.”

COLD WAR II: New Mystery Submarine Signals China’s Rapid Undersea Expansion.

China is launching submarines at a pace unmatched by any other nation. Its latest design, a distinctive and innovative vessel that dispenses with the traditional sail, marks another step in the evolution of an increasingly capable and technologically advanced submarine force. With little official information available, understanding the purpose and capabilities of this new class depends largely on intelligence gathering and expert analysis.

As Western navies struggle to build more than one or two submarines concurrently, China continues to pump them out at an increasing rate. They have launched around 15-20 in the past five years, including at least 8 new classes.

Beijing is building quickly, iterating quickly, and one presumes, learning quickly.

WORSE THAN MAKEWORK JOBS, THESE POSITIONS CORRUPT THE POLICE:

This is just 1 police force! Look at the amount of our tax money going on ridiculous jobs pic.twitter.com/itPwuB18WX

— leilani dowding 🌸🚜 ☮️ (@LeilaniDowding) June 2, 2026

IT’S MY THURSDAY ESSAY FOR VIP SUBSCRIBERS: When the Land of Monty Python Stopped Laughing.

MUCH MORE ON THAT BIG STORY FROM YESTERDAY: New Indictment Exposes Leftist Group’s Scandalous Relationships With White Nationalists. “The superseding indictment also includes forfeiture allegations. The document states that, if the SPLC is convicted of the wire fraud or conspiracy counts, it will ‘forfeit to the United States … property, real or personal, which represents or is traceable to the gross receipts obtained’ in violating the law.”

Corn, popped.

YES, BUT SHE’S SLIGHTLY UNORTHODOX:

The CBS tantrums are even funnier when you remember they’re not in reaction to some fringe right-winger, but a lesbian Obama-Democrat. https://t.co/3GNIVCVAJJ

— T. Becket Adams (@BecketAdams) June 4, 2026

COME SEE THE VIOLENCE INHERENT IN THE LEFTISM: ‘Perhaps Not Enough’: The Chilling Leftist Answer on Political Violence.

DISPATCHES FROM THE BLUE ZONES:

One of our reporters, who got locked up in a New Jersey jail while documenting the chaos outside Delaney Hall a few nights ago, asked for toilet paper after being in a holding cell for 18 hours.

They told him to use his hand.

Wanna condemn that, @GovSherrillNJ?

— Nick Sortor (@nicksortor) June 3, 2026

If that had happened to a typical lefty reporter in a red state, it’s all you’d ever hear about.

I’VE SEEN THIS MOVIE: Flesh-eating screwworm detected 25 miles from U.S. border, USDA says.

DAY TWO: Rubio Enters a Hostile Clown Show, and… Well, You Just Have to See This.

THE ENEMY WITHIN: Michigan Democrat Senate hopeful Abdul El-Sayed a protégé of firebrand Muslim activist Linda Sarsour. “The polling average by Real Clear Polling suggests that El-Sayed is the slight frontrunner in the Democratic primary, where his opponents are Rep. Haley Stevens, D-Mich., and Michigan State Sen. Mallory McMorrow.”

BESSENT IN BEAST MODE:

⚡️Trump is using Treasury and financial institutions to target illegal immigration, cartel finance, fraud, and access to the U.S. financial system.

This is the domestic financial-border regime starting to appear.

The physical border is only the visible layer.

The deeper… pic.twitter.com/LXRxdYMYuF

— SightBringer (@_The_Prophet__) June 2, 2026

More:

The administration is moving enforcement from geography into transaction permission. The question becomes less “who crossed the border?” and more “who is allowed to operate inside the financial system?”

That is a much more powerful enforcement layer.

A person can avoid a checkpoint. A person can move cities. A person can use sympathetic local systems. A person can live in a sanctuary jurisdiction. But modern life requires payments, bank access, cards, transfers, payroll, rent, app-based services, benefits, and digital identity.

Once access to those rails becomes conditional on legal status, the border follows the person everywhere.

That is the phase shift.

Read the whole thing.

Previously: IS BESSENT KILLING CHINA’S CURRENCY?

CHRISTIAN TOTO: How Taylor Swift Could Save Freedom 250 Concert.

Quick, who have benefited from the U.S. more than Taylor Swift?

Tough question, right?

America has delivered endless dreams to hard-working patriots, immigrants seeking a brighter future and those who never stopped reaching for their stars.

And then there’s Swift. She’s the biggest pop star on the planet, a 30-something artist who has taken full advantage of the freedom and opportunity America offers. To her credit, she’s made the most of every chance her country gave her.

Now, it’s time to return the favor, but it won’t be easy.

It wasn’t easy becoming one of the world’s biggest pop stars, either.

FACE, MEET PALM:

You wanna hear something funny?

Lemme tell y’all what Rep. LaMonica McIver just said to Secretary Mullin during the hearing. Paraphrasing but you get the gist…

“You wanna talk about racism and everything… tell me why every person locked up in Delaney Hall is a foreigner?” 🤡… pic.twitter.com/gUp2WGKH93

— Gina Milan (@ginamilan_) June 3, 2026

Immigration detention facilities, what are they for?

AMERICA 250: Trump Puts Up Revolutionary War Statues in D.C. Leftist Protest Hotspot, Including Forgotten Founder.

VOTE OF NO CONFIDENCE: How China’s wealthy sidestep strict rules to get money out of the country.

China’s capital controls remain among the world’s strictest. Individuals are generally limited to transferring US$50,000 overseas each year, while emigrants are given a one-time opportunity to move their assets abroad.

Concerns about China’s economic outlook and a drive by President Xi Jinping to reduce inequality have prompted many wealthy families to seek a financial foothold overseas. Households, institutions and companies moved a record US$807 billion, roughly, out of the country last year, according to estimates from the Institute of International Finance.

But demand for overseas assets, as well as the rapid accumulation of private wealth, has fuelled a vast underground industry dedicated to circumventing capital controls. While the true scale of illicit capital flight is impossible to quantify, court records, regulatory disclosures and interviews with industry participants point to sprawling networks that move billions of US dollars offshore each year.

This has drawn increasing scrutiny from authorities. China’s latest crackdown on overseas brokers accused of helping mainland clients trade offshore is the latest sign that regulators are intensifying efforts to monitor cross-border capital and ensure tax compliance on such money flows.

Here are some of the most common ways mainlanders circumvent the government’s strict rules to get money out of China.

Money, to borrow a phrase, finds a way.

VICTORIA TAFT: Not So Fast, Karen, Spencer Pratt Isn’t Done With You Yet.

REQUIRED READING:

🚨READ IT

The Justice Department just secured a superseding indictment against the Southern Poverty Law Center, and it reveals some new bombshells

🧵1/20https://t.co/uRCbnWaBzr pic.twitter.com/AxORRKq7MC

— Tyler O'Neil (@Tyler2ONeil) June 3, 2026

This bit stands out: “F-37, a member of the leadership chat for the Charlottesville rally in 2017, made racist posts under an SPLC employee’s supervision and arranged transport for others to attend the rally. SPLC paid this person $300K.”

YUCK: Microsoft Devs Hate Eating Own AI Slop Dog Food. “There’s a phrase in enterprise software: ‘Eat your own dog food.’ It means you should be using the software you’re developing internally, because you find bugs more quickly that way.Evidently Microsoft developers prefer the taste of Anthropic’s Claude over their own Copilot AI slop.”

ROBERT SPENCER: Embarrassment of the Week: ‘Islamophobic’ Killer Is Named… Yeah, You Guessed It.

UNREADY, THAT’S HOW:

So, how is our air defense in San Diego, Pearl Harbor, Bremerton, Norfolk, Groton, Kings Bay, Kitsap, and Mayport? https://t.co/akhCVa273c

— cdrsalamander (@cdrsalamander) June 3, 2026

HEY, BIG SPENDER: Alphabet Is Selling $80 Billion of Stock to Feed Its AI Ambitions—and the Rest of Big Tech May Follow.

The offering is yet another reflection that the artificial-intelligence ambitions of Big Tech are outstripping their substantial operating cash flows, forcing them to tap debt and equity markets. In 2026, Alphabet and four other companies — Microsoft, Amazon.com, Meta Platforms, and Oracle — say they will spend about three-quarters of a trillion dollars on AI data centers together.

In Alphabet’s telling, its capital expenditures will “significantly increase” in 2027, which may be a harbinger for others in the sector. If this news is any indication, the AI investment boom still has legs beyond 2026.

Alphabet’s 2026 capex will total up to $190 billion, while Wall Street analysts expect 2026 operating cash flow of $214 billion to pay for it—a slim margin after subtracting about $10 billion used to fund the company’s dividend. But the cash squeeze is affecting returns to shareholders: Last quarter, Alphabet didn’t buy back any shares for the first time since 2017. This offering may be an indication that share repurchases might not return for a while.

Since May 2025, Alphabet has already borrowed over $85 billion, across six currencies. Its debt total now tops $100 billion, up from $28 billion at the end of March 2025.

A company generating that much cash still has to borrow and issue new shares just to fund its AI expansion seems insane.

KRUISER: Professional Prevaricator Scott Pelley Fired by CBS. “The only reason that I wish this story had hit during regular work hours is because the meltdown on the left over this is going to be epic. I mean, real popcorn time stuff. I only had to check X for a few seconds to get my schadenfreude really revved up.”

ANALYSIS: TRUE.

Weird, because that excuse was rejected by BLM when George Floyd overdosed. https://t.co/rqIOYZdguR

— Kevin Sorbo (@ksorbs) June 3, 2026