Author Archive: Stephen Green

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:

DISPATCHES FROM THE BLUE ZONES:

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

BESSENT IN BEAST MODE:

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:

Immigration detention facilities, what are they for?

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.

REQUIRED READING:

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.”

UNREADY, THAT’S HOW:

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.

NOT THAT I’M AWARE OF:

21ST CENTURY WARFARE: Pentagon pushes for battlefield AI, some military leaders urge caution.

In a recent annual special forces conference in Tampa, Florida, Adm. Frank Bradley, head of U.S. Special Operations Command, told attendees that troops “have to be very careful about how we come to (AI’s) employment and its inspiration into the delivery of lethality.”

“We, as humans, have to have the confidence that … it’s going to deliver violence only where we intend it to be delivered,” Bradley said.

In response to the remarks, a Pentagon official, speaking on the condition of anonymity, told the Monterey Herald that the Pentagon was focussing on efforts to make “functional battlefield tools” with AI to help troops identify targets quickly.

Meanwhile, U.S. Special Operations Command officials said AI should not be a tool for eradicating targets, but to assist troops to focus on their mission. Sgt. Maj. Andrew Krogman said at the conference that AI could be used for administrative tasks or to modernize workflows.

AI performed very well in target selection during the active phase of the Iran War. But as always, please keep a human in the loop.

THE ENEMY WITHIN: