2026 rate hike odds rising tick for tick with oil prices. now almost at 2 fully priced-in hikes by December (per SOFR). Meanwhile, on Polymarket 2 hikes is now the majority market, and rising
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The Post Office is out of cash and stealing from its own workers’ retirement funds just to stay open.
Postmaster General David Steiner told Congress last month the business model is broken.
No profit since 2006 and over $117 billion in losses since 2007, including $9.5 billion last year alone.
First Class Mail volume just dropped another 6.3% in a single year as people switched to email and digital bills, and the only segment still growing is packages, where UPS and FedEx already dominate.
They delayed the collapse by skipping payments into the workers’ retirement plan. That buys time, nothing more.
Just privatize it completely and be done with it. Private carriers already deliver the growing part of the business more efficiently, without raiding pensions or running perpetual losses.
Competition forces real cost control and service improvements. A government monopoly that has lost money for nearly two decades will never fix itself.
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Postmaster General David Steiner told Congress last month the business model is broken.
No profit since 2006 and over $117 billion in losses since 2007, including $9.5 billion last year alone.
First Class Mail volume just dropped another 6.3% in a single year as people switched to email and digital bills, and the only segment still growing is packages, where UPS and FedEx already dominate.
They delayed the collapse by skipping payments into the workers’ retirement plan. That buys time, nothing more.
Just privatize it completely and be done with it. Private carriers already deliver the growing part of the business more efficiently, without raiding pensions or running perpetual losses.
Competition forces real cost control and service improvements. A government monopoly that has lost money for nearly two decades will never fix itself.
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Media is too big
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The IRS is threatening to seize a Tennessee man's farm after charging him interest on a $20,000 refund it accidentally sent him, which he immediately tried to return.
Wilson Perry Kirby, 76, says he was accidentally sent $20,000 by the IRS in 2022.
Kirby immediately tried returning the money and even hired an accountant to fix the issue.
Instead, the IRS is now charging him interest on the money he tried returning and is withholding his 2025 tax refund.
"I've tried the president, governor, mayor. They don't mind asking you to vote for them, but when you need help you can't get ahold of nobody," Kirby said.
Despite trying to fix the problem, the IRS is still sending letters, demanding he pay interest on the money they accidentally sent him that he tried to return. He never spent it.
The IRS is now threatening to seize his farm if he doesn't pay the up to $4300 (and growing) interest.
Infuriating.
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Wilson Perry Kirby, 76, says he was accidentally sent $20,000 by the IRS in 2022.
Kirby immediately tried returning the money and even hired an accountant to fix the issue.
Instead, the IRS is now charging him interest on the money he tried returning and is withholding his 2025 tax refund.
"I've tried the president, governor, mayor. They don't mind asking you to vote for them, but when you need help you can't get ahold of nobody," Kirby said.
Despite trying to fix the problem, the IRS is still sending letters, demanding he pay interest on the money they accidentally sent him that he tried to return. He never spent it.
The IRS is now threatening to seize his farm if he doesn't pay the up to $4300 (and growing) interest.
Infuriating.
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POTUS: "We can't be taken advantage of by people that say you're gonna have a free home, you're gonna get free rent, everything's gonna be free. What they don't say is a year later, everything's gonna end up in squalor, destruction, and death... We have to stop the threat of the communist rhetoric that you're hearing right now."
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THIS IS MASSIVE FOR CRYPTO
Trump has agreed to ethics rules and is now urging Democrats to work with Republicans to get the Clarity Act "over the finish line."
Once this bill passes, trillions will flow into the market.
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Trump has agreed to ethics rules and is now urging Democrats to work with Republicans to get the Clarity Act "over the finish line."
Once this bill passes, trillions will flow into the market.
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Interracial violent crimes between Blacks and Whites 2017-2021:
— 86.5% were Black-On-White
— 13.5% were White-On-Black
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— 86.5% were Black-On-White
— 13.5% were White-On-Black
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Shiloh Trial Update, Day 4 Part 2
The defense called a Rochester Police detective who interviewed the father 10–11 days after the incident. The detective confirmed the father never once claimed he feared Shiloh Hendrix would hit his son, in fact, he never mentioned any fear of Shiloh doing anything during their entire interview.
The judge had to warn defense attorney Brian Karalus for contempt after he kept pressing the obvious point that GoFundMe is a well-known, verified fundraising platform.
Prosecutors tried to sell this as a simple open-and-shut case, claiming Hendrix’s words were “fighting words” and her conduct “disorderly.” They insist it’s about evidence, not emotion , while shamelessly leaning on the boy’s alleged autism for sympathy.
The defense made it clear: the government is prosecuting a young woman for her language. Attorney Karalus rightly called this the result of years of cancel culture run amok in America.
There’s zero evidence Hendrix even knew what was stolen from the bag, let alone that the child was autistic. Karalus exposed how prosecutors are exploiting the boy’s condition to manipulate the jury.
The defense also hammered the father’s ever shifting story and multiple lies on the stand. In his initial police interview on May 8, he showed zero emotion and never expressed any fear that Hendrix would harm his son. Yet when he testified in front of the jury, he suddenly turned on the waterworks. He was also continually evasive and lied repeatedly when questioned about the GoFundMe that raked in $340,000.
Hendrix’s reaction was completely understandable, she was responding to the theft of her property. Yes, her words were harsh, but they don’t meet the legal standard for fighting words, and her behavior was not disorderly conduct.
The defense closed strong: Americans still have the right to speak freely without the government punishing them for it.
The six-member jury is now deliberating.
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The defense called a Rochester Police detective who interviewed the father 10–11 days after the incident. The detective confirmed the father never once claimed he feared Shiloh Hendrix would hit his son, in fact, he never mentioned any fear of Shiloh doing anything during their entire interview.
The judge had to warn defense attorney Brian Karalus for contempt after he kept pressing the obvious point that GoFundMe is a well-known, verified fundraising platform.
Prosecutors tried to sell this as a simple open-and-shut case, claiming Hendrix’s words were “fighting words” and her conduct “disorderly.” They insist it’s about evidence, not emotion , while shamelessly leaning on the boy’s alleged autism for sympathy.
The defense made it clear: the government is prosecuting a young woman for her language. Attorney Karalus rightly called this the result of years of cancel culture run amok in America.
There’s zero evidence Hendrix even knew what was stolen from the bag, let alone that the child was autistic. Karalus exposed how prosecutors are exploiting the boy’s condition to manipulate the jury.
The defense also hammered the father’s ever shifting story and multiple lies on the stand. In his initial police interview on May 8, he showed zero emotion and never expressed any fear that Hendrix would harm his son. Yet when he testified in front of the jury, he suddenly turned on the waterworks. He was also continually evasive and lied repeatedly when questioned about the GoFundMe that raked in $340,000.
Hendrix’s reaction was completely understandable, she was responding to the theft of her property. Yes, her words were harsh, but they don’t meet the legal standard for fighting words, and her behavior was not disorderly conduct.
The defense closed strong: Americans still have the right to speak freely without the government punishing them for it.
The six-member jury is now deliberating.
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PRESIDENT TRUMP JUST NOW:
"We're leading China and every other country by a lot in AI And just about every other category, including crypto.
We want to stay in front in crypto."
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"We're leading China and every other country by a lot in AI And just about every other category, including crypto.
We want to stay in front in crypto."
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Institutional demand for Japanese government bonds surging:
Japanese insurers bought +$3.9 billion of 10+ year Japanese government bonds (JGBs) in June, the largest monthly purchase in 3 years.
This marks a sharp reversal from -$1.2 billion sold in the prior month.
This is also the 2nd consecutive monthly purchase over the last 11 months.
Insurers are one of the biggest domestic buyers of long-term JGBs, and their return could provide an important source of support for the market.
The shift comes as authorities move to strengthen domestic demand, including a proposal to allow government bonds in a tax-free investment program for individuals, and encourage large pension funds to increase allocations to Japanese assets.
Japan’s bond market may finally be finding a material source of demand.
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Japanese insurers bought +$3.9 billion of 10+ year Japanese government bonds (JGBs) in June, the largest monthly purchase in 3 years.
This marks a sharp reversal from -$1.2 billion sold in the prior month.
This is also the 2nd consecutive monthly purchase over the last 11 months.
Insurers are one of the biggest domestic buyers of long-term JGBs, and their return could provide an important source of support for the market.
The shift comes as authorities move to strengthen domestic demand, including a proposal to allow government bonds in a tax-free investment program for individuals, and encourage large pension funds to increase allocations to Japanese assets.
Japan’s bond market may finally be finding a material source of demand.
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LATEST: marine biologist Dr Kathryn Ayres, a scientist at Beneath The Waves, in the Gulf of California, captured chaotic and beautiful footage of a female orca smashing into a 4,000 pound fish so hard that it exploded in a behavior that has never been captured on camera
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Trump just told people to stop fighting data centers.
He said communities need to be convinced how great they are: “you can’t fight it... you have to go with it.”
He’s fully pushing the AI infrastructure boom.
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He said communities need to be convinced how great they are: “you can’t fight it... you have to go with it.”
He’s fully pushing the AI infrastructure boom.
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