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âAll journeys end when we reach our destination but the journeying remains a thing apart, unique unto itself. Most of us make lifeâs journeys without understanding that the journeying is a separate thing.â
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Glitter
âAll journeys end when we reach our destination but the journeying remains a thing apart, unique unto itself. Most of us make lifeâs journeys without understanding that the journeying is a separate thing.â
Bob Hoover - The Grendel Saga

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Today a report from the Department of Labor showed that inflation in May hit its highest level since early 2023, reaching an annual rate of
June 10, 2026Â
HEATHER COX RICHARDSON
JUN 11
READ IN APP
Today a report from the Department of Labor showed that inflation in May hit its highest level since early 2023, reaching an annual rate of 4.2%, up from 3.8% in April. The Federal Reserve likes to keep inflation at 2%. Energy costs are the biggest driver of that inflation, with fuel oil up 59% and gasoline up 41% over their costs last year. Airline fares have risen 27%. Fruits and vegetables are up 6% over their cost a year ago.
At a signing event for the budget reconciliation measure Republicans passed to add an additional $70 billion in funding for Immigrations and Customs Enforcement (ICE) and Customs and Border Protect (CBP), the parent agency for Border Patrol, a reporter in the Oval Office asked President Donald J. Trump if he was concerned about the inflation number. Trump answered:
âNo, I love it. The numbers were great. You know what I really love? I love the inflation. You know why?â
And then his speech slid into a fantasy rewriting of the history of his war on Iran and his decision to launch it.
Trump claimed that he was telling reportersâand Iranâfor the first time that the U.S. was secretly taking oil from Iran. âDo you know weâve been taking out millions of barrels of oil?â he asked. âNobody knows it. You know who doesnât know about it? Iran, until right now. We took out the other night 22 ships, late at night, with no lights, âcause they donât have any radar, âcause we blasted the crap out of it. We took out, that why oilâs $85 a barrel.â
As Eric Schmitt and Jonathan Swan of the New York Times report, Trump appeared to be referring to the well-known U.S. operation to help dozens of commercial vessels traverse the Strait of Hormuz. So far, the journalists report, the U.S has guided more than 200 ships through in a little more than a month. Before the war, about 3,000 ships a month traveled through the strait. The reporters say they could not confirm Trumpâs claim that the effort had enabled more than 100 million barrels of oil to reach the market.
Then Trump segued into a rewriting of why he started the strikes in the first place in order to suggest the dramatic hit the economy has taken from the war was part of his plan all along. He claimed he had deliberately made the choice to hurt the economy to stop Iran from producing a nuclear weapon, which he claimedâcontrary to his own intelligence officersâ assessmentsâit was going to have âvery soon.â
âI said, look, the one bad thing will be, we hit the best economy weâve ever hit,â Trump claimed. âAnd I said to my people, I had [Treasury Secetary] Scott [Bessent], I had [Commerce Secretary] Howard [Lutnick], I had [Defense Secretary] Pete [Hegseth], I had allâI had [thenâdeputy attorney general] Todd [Blanche] in the room. I said, The one thing we have to do now, we had just hit the highest stock market in history. Highest 401Ks in history. Everything was going well, and I said, I hate to do this to you guys, but Iranâs gonna have a nuclear weapon very soon. We have to go and attack.â
In fact, in his video announcing the strikes and in comments in the early days of the war, Trump emphasized that the U.S. intended to end the Iranian regime, which he claimed had been at war with the U.S. for 47 years, and he urged Iranians to rise up against it. Ending Iranâs nuclear ambitions would come from the regime change he advocated.
In any case, he said today, oil was not nearly as expensive as the $250 a barrel people had said it could reach, so its current level is âpretty amazing.â And the stock market, he said, remains high. He went on to say that his strikes on Venezuela were âa great successâ and that Venezuela has âbecome a happy country,â and that âwe went to Iran and essentially weâve done the same thing.â He claimed Iranâs military has been destroyed and all the Iranian leadership is gone.
When a reporter finally brought him back to the question about inflation coming down, he said that when the war is over, âitâs gonna come down like a rock.â
Meanwhile, John Knefel of Media Matters noted yesterday that Fox News hosts, many of whom supported the initial strikes on Iran, are now arguing that Trump should start bombing again. Their mantra is that it will take only two weeks to win a decisive military victory.
Trumpâs relationship with sex offender Jeffrey Epstein is back in the news as New York Times White House reporters Maggie Haberman and Jonathan Swan, who have a book on the Trump presidency coming out, detailed how desperately worried the White House was last summer over the Epstein files. They searched desperately for a way to look as if they were being transparent to appease the MAGA base, while also making sure the files stayed hidden.
The write-up of the story distances Vice President J.D. Vance from the files, suggesting he was âpanickedâ by them and wanted them released. This position, attributed to him by White House officials, is good for him politically, as he will want to pick up MAGA voters unhappy about the Epstein cover up by 2028, at leastâor before, should he need to take the mantle of the presidency from Trump, who will turn 80 on Sunday.
Vance is in the news this week as he seems to court MAGA in other ways, as well. On Monday he announced he would refer Minnesota governor Tim Walz and Minnesota attorney general Keith Ellison to the Department of Justice for an investigation of criminal fraud. The claim that Somalis in Minnesota are engaging in social services fraud while Democrats look the other way is a driving factor behind MAGA politics.
Raquel Coronell Uribe and Tara Prindiville of NBC News report that Walz has called Vanceâs attacks on him a âcampaign of retributionâ meant âto punish blue states like Minnesota.â Ellison told the reporters the allegations were âunfoundedâ and a âpolitical stunt.â âIt is deeply troubling to see official powers and public resources diverted away from serving the people and instead aimed at pursuing political adversaries,â he said. âThat is not what government is for, and it diminishes public trust in our institutions.â
Vance has also jumped aboard the unfounded accusation of Trump and his loyalists that the slow counting of ballots in California suggests the election is insecure and the Republican candidate is being cheated. Election denialism is increasingly a hallmark of the MAGA Republicans as they argue any election they lose is fraudulent.
During the 2024 presidential campaign, when caught lying about Haitian immigrants eating pets, Vance admitted he felt it necessary âto create stories so that theâŚmedia actually pays attention to the suffering of the American people.â
Yesterday, an Iranian drone downed a U.S. helicopter, although a U.S. official told CBS News it was not clear that the strike was intentional. This evening, Trump launched new airstrikes against Iran, saying they were âself-defense strikesâ âin response to Iranâs unwarranted and continued aggression,â after the slow progress of negotiations for an agreement to end the war.
U.S. Central Command said U.S. forces âlaunched strikes on Iranian military surveillance capabilities, communication systems, and air defense sites across Iran. U.S. Marine Corps, Air Force, and Navy assets fired precision munitions on Iranian targets that posed a threat to U.S. forces and international commercial ships transiting regional waters.â
Christoph Koettl and Christiaan Triebert of the New York Times confirmed reports from Iran that U.S. strikes destroyed what appears to have been a drinking water facility. They note that targeting civilian infrastructure can be a war crime under international law.
Iranâs Islamic Revolutionary Guard Corps responded to the U.S. strikes with their own strikes against U.S. targets in the region and announced it was closing the Strait of Hormuz completely and would attack any vessels trying to cross it.
With the renewed strikes, the price of oil jumped more than $1 a barrel.
Tonight, Trump posted on social media a demand that Republicans in Congress give the U.S. military an additional $350 billion and pass the SAVE America bill that would suppress voting. âNo games, no delays, and no weak compromises! Do this ASAP,â he wrote.
âThis is a GENERATIONAL Investment in our Military, even bigger than President Reaganâs,â he wrote. The â$350 Billion Reconciliation Bill,â which could pass without any Democratic votes, âis the ONLY path to the full $1.5 TRILLION DOLLAR Military Budget our Warriors need in order to build THE ARSENAL OF FREEDOM.â
He also demanded Republicans pass âTHE SAVE AMERICA ACTâ requiring proof of citizenship to vote and an end to mail-in ballots âEXCEPT FOR ILLNESS, DISABILITY, MILITARY, OR TRAVEL!â in order to âprotect our Elections for Generations to comeâ and âto secure the NATION for our children and grandchildren.â
Then he added âNO MEN IN WOMENâS SPORTSâ and âNO TRANSGENDER MUTILIZATION SURGERY FOR OUR CHILDREN,â then concluded: âThank you for your attention to this matter! President DONALD J. TRUMPâ
â
It's Worse Than Ever https://robertreich.substack.com/p/its-worse-than-ever
Friends.
Either he knows heâs lying â in order to further undermine confidence in our elections and as a prelude to attacking the outcome of the midterms â in which case he needs to be impeached and convicted.
Or he doesnât know heâs lying â he really believes that our election system is âcrookedâ and that the major media are âcrookedâ â in which case heâs seriously and dangerously mentally ill, and the 25th Amendment needs to be invoked to get him out of office.
Now.
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JD's Strategy https://robertreich.substack.com/p/jds-strategy
Friends,
Iâve been watching JD Vance as carefully as anyone can track a snake in the grass, which is to say, with some difficulty. He has seemed uncomfortable with Trumpâs grandiose foreign ambitions, especially Trumpâs failed war in Iran, but Iâve seen no evidence that JD has spoken out against any of it even inside Trumpâs ego-echo chamber.Â
Vance hasnât carved out a regressive policy specialty for himself, as have some other of Trumpâs despicable underlings such as Stephen Miller, Russell Vought, or Harmeet Dhillon.Â
Nor has JD become much of a spokesperson for Trump. He doesnât appear much on television or even on social media. Nor has he been visible on Capitol Hill. He hasnât cinched any deal in Congress.Â
JD seems to appear when and where a vice president is supposed to, but then disappears again into the daily effluence of Trump.Â
But thereâs one particular area where JD seems to stand out (I was tempted to write âexcelâ but itâs impossible to excel at something as execrable as JDâs specialty.) He is the regimeâs strangest bigot.Â
Among all the bigots in the Trump regime â and there are many â JDâs bigotry stands out for a particular lunacy, combining magic realism with an ultra-wackiness all its own.Â
We saw glimmers of this during the 2024 campaign when JD, then a U.S. senator from Ohio, insisted that the pets of upright Americans residing in Springfield, Ohio were being âabducted and eatenâ by Haitian immigrants âwho shouldn't be in this country.âÂ
Despite being informed by city officials that Haitian immigrants were not in fact eating pets, Vance doubled down. He was sure Haitians were eating peoplesâ pets. The publicity surrounding JDâs bizarre claims led to threats against Springfieldâs Haitian community.Â
Not to let a disgusting lie about a minority group go unexploited, Trump amplified Vanceâs pet-eating claim at his presidential debate with Kamala Harris.
Finally confronted by irrefutable evidence that Haitian immigrants were not eating pets in Springfield, Vance admitted publicly that he was speaking, shall we say, metaphorically: âIf I have to create stories so that the American media actually pays attention to the suffering of the American people, then thatâs what Iâm going to do,â he told CNN.
Hello? Now, JD is back.Â
âHenry Nowak died the same way a civilization dies: abandoned, handcuffed by authorities who neither trusted nor cared for him, and accused of hate crimes he did not commit,â JD declared on  X last week. Nowak would still be alive âif the last few generations of European elites had stood their ground against the politics of self-hatred and the mass invasion of migrants, many of whom despise the West and the people who love it.â
If youâve followed this sad story, you know that an 18-year-old British student named Henry Nowak was fatally stabbed in the British city of Southampton in December by Vickrum Digwa, who falsely claimed Nowak had racially abused him and that Digwa had acted in self-defense. After the truth came out, Digwa was jailed for life on June 1, with a minimum term of 21 years.Â
That, in turn, prompted JDâs jeremiad against âmass invasion of migrants.â
But inconveniently for JD, Digwa was born and raised in Britain. Which puts JDâs blaming Nowakâs death on a âmass invasion of migrantsâ roughly on par with his claims about the eating habits of Haitian-Americans in Springfield.Â
This hasnât stopped JD, of course, whoâs been using the Nowak murder to bolster his narrative of Britain as a âonce powerful nationâ whose elites are now welcoming âmigrantsâ who âdespise the West.â
JD has become a mouthpiece inside the Trump regime for assailing what JD repeatedly terms the âdecline of Western civilization,â especially in Europe. Itâs part of the Trump regimeâs increasingly shrill critique of Europe. Trumpâs most recent National Security Strategy promises to push âEurope to remain European, to regain its civilizational self-confidence, and to abandon its failed focus on regulatory suffocation.â
In a sense, then, JD has stepped onto the bigoted path of Vicktor OrbĂĄn, Nigel Farage, the leader of the right-wing populist Reform U.K. Party, and other resurgent European white Christian nationalists.
But thereâs something more. JD wants to be the leader of the worldâs anti-democracy movement.
Recall that JD would never have become a senator from Ohio in 2022 were it not for the billionaire tech financier Peter Thiel, who staked $15 million on JDâs election â a major portion of all the funds that went into JDâs senate race.
Thiel knew what he was buying. Before running for the Senate, JD had worked for Thielâs California venture capital firm and was part of Thielâs libertarian community of rich crypto bros, tech executives, back-to-the-landers, and disaffected far-right intellectuals.
Because Thiel had been a major funder of Trumpâs 2016 presidential run, he had significant influence with Trump when urging him to pick JD for his vice-president.
Thiel was such a strong sponsor of JD because Thiel saw in his protege a future leader of a political movement to turn the U.S. away from democracy. âFor Peter,â said one of the people familiar with his thinking, âVance is a generational bet.â
Thiel is a self-styled libertarian who once wrote: âI no longer believe that freedom and democracy are compatible.â
Hello? Freedom is incompatible with democracy only if you view democracy as a potential constraint on your wealth and power.
Thatâs the point. Thiel and JD â along with Elon Musk, Steve Bannon, tech entrepreneur David Sacks, Palantir co-founder Joe Lonsdale, Palantir adviser Jacob Helberg, Sequoia Capitalâs Doug Leone, blogger Curtis Yarvin, and others in the anti-democracy movement â believe that the only way true libertarians can win in the U.S. is for a Caesar-like figure to wrest power from the U.S. establishment and install a monarchical regime, run like a startup.
Yarvin â whoâs something of a thinker behind this movement â has written that real political power in the United States is held by a liberal amalgam of universities and the mainstream press, whose commitment to equality and justice is eroding social order.
In Yarvinâs view, democratic governments should be replaced with sovereign joint-stock corporations whose major âshareholdersâ select an executive with total power, who serves at their pleasure. Yarvin refers to the city-state of Singapore as an example of a successful authoritarian regime.
How to achieve Yarvinâs vision? The first step, as JD offered in a 2021 podcast, is to replace âevery single mid-level bureaucrat, every civil servant in the administrative state ⌠with our people. And when the courts stop you, stand before the country, and sayâ â as did Andrew Jackson â that âthe chief justice has made his ruling. Now let him enforce it.â
The next step, apparently, is to foment so much division and bigotry inside the U.S. and within every other major Western nation that people come to view those on the other side of the political divide as the source of everything thatâs wrong with their lives. That way, they wonât look upward to see Peter Thiel, Elon Musk, and the other billionaire robber barons, plutocrats, and oligarchs of this second Gilded Age grabbing most of the wealth and power.Â
And theyâll reflexively trade in democracy for strong-man autocracy.Â
Behind JDâs bloopers about Haitian-Americans and British âmigrants,â JD is laying the foundation for the Westâs first anti-democracy alliance connecting the far-right of America and Europe. If JD ever becomes president, heâs intent on finishing the job.Â
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I miss the 80s.
Vincent Van Gogh Sold Only One Known Painting During His Life
Though heâs now considered one of historyâs most talented artists, the painter behind such masterpieces as âThe Starry Nightâ and âSunflowersâ was far from a success during his lifetime. Van Gogh took up painting around age 27 and met his untimely demise just a decade later, and in the years between he sold only one painting that there is any record of, âThe Red Vineyard.â The piece, a dramatic Provençal landscape with vibrant red, orange, and yellow colors, was sold for 400 Belgian francs (approximately $2,000 today) in the winter of 1890 at an exhibition in Brussels, just six months before the artistâs death.
While âThe Red Vineyardâ is Van Goghâs only officially recorded sale, historians theorize that he possibly bartered other paintings, especially at an early age in exchange for art supplies. Van Gogh biographer Marc Edo Tralbaut has also suggested that the artist may have sold a self-portrait to London art dealers in 1888, though his theory has not been proved.Â
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Leo. A great way to start the day.
The Senate Should NOT Confirm This Person https://robertreich.substack.com/p/the-senate-should-not-confirm-this
Friends,
Let me get right to the point. The Senate should not confirm Todd Blanche as attorney general.Â
Blanche, who used to be Trumpâs private lawyer, has treated the Justice Department as Trumpâs private law firm. He still believes that Trump â rather than the United States â is his client.
At the very least, the Senate should insist, as a condition of confirming Blanche, that the May 19 deal Blanche devised to immunize Trump and his family from all future prosecutions â which Blanche alone signed â be nullified.Â
The purpose of that immunity deal â which resulted from Trumpâs own bizarre lawsuit against the IRS â should by now be clear. Itâs to prevent any future government inquiry into the corrupt dealings of Trump and his family.Â
The breadth of the so-called âsettlementâ agreement between Trump and, well, Trump is staggering. Take a look at it, here.
Boiled down to its bare essentials, the deal âforeverâ protects Trump and his family from âall claimsâ or âcauses of actionâ or ârequests for any reliefâ including âexaminationsâ that âcould have beenâ asserted by the United States against Trump, his children, âor affiliated individualsâ or âpartiesâ which arise out of âany mattersâ or of âLawfare and/or Weaponizationâ or of any matters that âcould be pendingâ before the United States or its agencies and departments.Â
Put another way, the U.S. government is prohibited from looking into any of the corrupt sh*t Trump or his family have gotten into.Â
And thereâs a lot of corrupt sh*t.Â
Trump is the most corrupt president in American history. Since being in office for a second time, heâs so far increased his wealth by an estimated $4 billion, and his sonsâ and daughtersâ wealth by billions more. Some examples:
Trump and his family have created multiple crypto businesses â World Liberty Financial and the $TRUMP meme coin â that have received favorable deregulatory treatment and reportedly generated at least $2.3 billion in income for Trump and his family since he won the presidency.
Six days after a company backed by Eric and Donald Jr. took a 20 percent stake in an American mining group, the groupâs parent company received $1.6 billion in federal financing. Thatâs because the president of Kazakhstan granted the company the right to mine the worldâs largest known undeveloped deposit of tungsten, an element used in semiconductors, lightbulbs, and warheads.Â
In late 2025, Don Jr.âs firm 1789 Capital acquired an equity stake in critical minerals company Vulcan Elements. Shortly after, the White House and the Pentagon awarded Vulcan a $620 million federal loanwithout competitive procurement or independent technical review.Â
After Eric and Don Jr. backed the drone manufacturer Powerus, the U.S. Air Force awarded the company a lucrative contract.Â
Eric and Don Jr. have conducted numerous undisclosed meetings with foreign government officials (including representatives from Hungary, the UK, Vietnam, and Qatar) while simultaneously negotiating global real estate deals for the Trump Organization.Â
Don Jr. serves as a strategic advisor or investor in prediction market firms Kalshi and Polymarket, which have received favorable, deregulatory treatment from the Commodity Futures Trading Commission (CFTC).
Don Jr. is on the board of prescription drug platform BlinkRX, which will benefit from the administrationâs promotion of direct-to-patient medicine sales.Â
Presumably, someone has made a fortune trading stocks and bonds on the basis of insider knowledge of decisions that Trump would announce â about tariffs, his war in Iran, and other news that moved stock and bond markets. The trades occurred just before the announcements.Â
In May, Trump disclosed that his trust was actively trading individual stocks, an unprecedented practice for a sitting U.S. president in the modern era.
Trump has pardoned some of the most brazen financial criminals in American history, and one can only wonder what he received in return. They include Philip Esformes, convicted in what Trumpâs own Department of Justice described as the âlargest health care fraud scheme ever chargedâ; Joseph Schwartz, convicted for a $38 million fraud scheme; and reality stars Todd and Julie Chrisley, convicted for multimillion-dollar bank fraud. Heâs granted clemency to Lawrence Duran after a $205 million fraud conviction. He commuted Jason Galanisâs sentence and pardoned Devon Archer, both tied to tens of millions in fraud.Â
If the âsettlementâ remains in force, we will never know the details of any of these transactions, because the âsettlementâ â devised and signed by Todd Blanche â will result in the largest cover-up of presidential wrongdoing and illegality in American history.Â
Without it, Trump and his family could be required to disgorge their ill-gotten gains.Â
For his role in this scam, Blanche should not be confirmed as attorney general. At the very least, his confirmation should be conditioned on this so-called âsettlementâ being deemed null and void.Â
If youâre with me on this, please contact your senatorâs office and tell them to vote NO on confirming Blanche. (At the very least, NO to the immunity deal Blanche gave Trump and his family.)Â
The Senate switchboard is (202) 224-3121. Elected officials prioritize their own voters, so please share your name and your city/town so the staff knows you live in their state.
I can't dance
Yesterday afternoon, President Donald J.
June 9, 2026
HEATHER COX RICHARDSON
JUN 10
READ IN APP
Yesterday afternoon, President Donald J. Trump officially nominated acting attorney general Todd Blanche to become the attorney general of the United States.
Before going to the Department of Justice, Blanche was Trumpâs personal attorney. He led Trumpâs criminal defense team in the case of falsifying records to cover up hush-money payments to adult film actress Stormy Daniels, as well as his defense against the two cases brought by special counsel Jack Smith: the one indicting him for trying to overturn the results of the 2020 presidential election and the one indicting him for retaining classified documents after leaving office.
Since he took over for former attorney general Pam Bondi, Blanche has openly flouted the law in order to do Trumpâs bidding. He secured indictments against people Trump perceives to be enemies, including former FBI director James Comey for posting on Instagram a picture of seashells arranged to form the number â8647.â
He backed the deal Trump made with the Department of Justice to establish a $1.776 billion slush fund to pay off those convicted of committing crimes surrounding Trumpâs attempt to overturn the results of the 2020 election, including storming the U.S. Capitol on January 6, 2021.
Blanche put his name to the second half of that deal that seems to be being eclipsed by the slush fund: an agreement between Trump and the Department of Justice promising to drop any pending claims against Trump, his oldest sons, or the Trump Organization for past illegalities in tax returns, and promising not to conduct audits of Trumpâs tax returns.
In the 1920s, gangster Al Capone kept his hands clean of direct evidence of the crimes he committed. The federal government finally took him down by convicting him of federal income tax evasion.
Trumpâs nomination of Blanche directly challenges Republican senators to collude with him to flout the will of rank-and-file Republicans and break the law. In November 2025 the Senate voted unanimously to pass the Epstein Files Transparency Act. This law required the Department of Justice to release all the files compiled by the FBI in its investigation of sex offender Jeffrey Epstein no later than December 19, 2025.
The Department of Justice has ignored that law. To date, it has released about half the files. Many of those it has released are heavily redacted although the law expressly prohibits such redactions. Instead, the Department of Justice released previously unknown names of Epstein survivors.
Mike Spector and Lindo So of Reuters reported yesterday that those survivors are now under threat from Trump supporters. âSheâll be unalived,â someone wrote under a news report of an accuser demanding the release of the files. âShe really shouldâve stayed quiet. RIP.â
In her testimony before the House Oversight and Government Reform Committee, Bondi told members of Congress that Blanche âwas in charge of the process and the entire release of the Epstein files.â Bondi also said that she had ânothing to do withâ the transfer of Epsteinâs associate Ghislaine Maxwell, a convicted sex offender, from prison to a minimum security camp. As Annie Grayer, M.J. Lee, Paula Reid, and Marshall Cohen of CNN reported, that transfer happened just after Blanche interviewed Maxwell for nine hours.
In that interview, Maxwell said nothing that would tie Trump to Epsteinâs crimes, language Trump loyalists used to push back against the story reported just weeks before by Khadeeja Safdar and Joe Palazzolo in the Wall Street Journal that what appears to be Trumpâs signature is at the bottom of a birthday card to Epstein suggesting the two shared a âwonderful secret.â The words were written over a drawing of a naked girl.
MAGA Republicans supported Trump in 2024 because he promised to release the Epstein files, and Senate Republicans responded to their anger that the Trump administration was hiding those files by voting unanimously to requireânot requestâtheir release. Now Trump is demanding they abandon those voters to put the man behind that cover-up into office as the top law enforcement officer in the country.
As David Kurtz of Talking Points Memo explained today, if Republican senators confirm Blanche, they will be rubber-stamping Trumpâs perversion of the Department of Justice and encouraging it to continue, blessing âwide-ranging and extremeâ corruption. âNo accountability, no roadblocks, no pumping the brakes.â
That rubber stamp on criminality would fall just as the corruption of the administration has become too obvious to pretend doesnât exist.
New stories out today examine new aspects of that corruption.
Joshua Kaplan, Justin Elliott, and Alex Mierjeski of ProPublica reported that an Indian billionaire appears to have gotten Trump to ease sanctions against his familyâs energy empire by investing $100 million in a Texas start-up company in which Donald Trump Jr. is an investor.
Upon the Ambani familyâs investment in America First Refining, the start-up secured beneficial U.S. policies for which it had been lobbying. The journalists report that longstanding problems with the company make it unlikely that the refinery America First has promised will ever get built, especially at a time when refineries are expensive and unprofitable.
The journalists note that it has become âa theme of Trumpâs second term: overseas investors with interests before the administration putting money into the Trump familyâs business interests.â Last December, looking only at publicly disclosed investmentsâthe one the journalists uncovered today was secretâForbes estimated that Don Jr.âs net worth had jumped from about $50 million to about $300 million since the 2024 election.
In Mother Jones today, scholar of corruption Casey Michel explored the many connections between Trumpâs son-in-law Jared Kushner and Middle East billionaires who have invested billions in his investment fund Affinity Partners, essentially buying access to the president and U.S. policymaking even as the inexperienced Kushner represents the U.S. in sensitive negotiations in the region.
Kushnerâs plans include a deal for a $1.6 billion tourist resort in Albania along a stretch of coastline and a pristine island protected as a critical area of biodiversity. Critics claim Prime Minister Edi Rama backed the Affinity Partners project to curry favor with the Trump administration. Protesters have taken to the streets in Albaniaâs capital, Tirana, chanting âAlbania is not for sale!â and calling for Ramaâs resignation.
White House press spokesperson Anna Kelly told Mithil Aggarwal, Raf Sanchez, and Mo Abbas of NBC News that Kushner is a âvolunteerâ for the government and that his business activities âhave nothing to do with the President or the administration.â Asked if Ramaâs government had backed the project to gain favor with Trump, she said: âThis is the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade.â
An investigation by Tom Bergin, Michelle Conlin, Koh Gui Qing, and Tom Wilson of Reuters today shows that the Trump family has made at least $2.3 billion in their crypto currency licensing adventures since Trump began his second term. It also shows that more than a million people who invested in their enterprises have suffered at least $2.3 billion in losses.
The journalists report that the investors they interviewed believed that Trumpâs position as president and âwhat they perceived as his business acumenâ guaranteed they would make money. âSome said they still hold on to the hope that Trump will make things right. Others expressed regret, anger and embarrassment.â
Trump and MAGA Republicans celebrated the model of governance used by prime minister of Hungary Viktor OrbĂĄn during his 16 years in power, calling for the U.S. government to mimic his rejection of immigration, undermining of the rule of law, and destruction of liberal democracy in favor of what OrbĂĄn called âilliberal democracyâ or âChristian democracy.â
After voters threw out OrbĂĄn and his party with a supermajority that would empower the countryâs new leaders to investigate their predecessors, the extraordinary corruption is coming to light. Marton Dunai of the Financial Times reported today that tracking the financial transactions of the OrbĂĄn government has shown that it siphoned off at least 160 billion euros, equivalent to about $185 billion dollars, from European Union funds, with the corruption peaking in OrbĂĄnâs last year in office as loyalists worked to grab what they could as OrbĂĄnâs power was crumbling.
But, as Andrew Higgins and Lili Rutai reported in the New York Times just before the election that swept Orbån and his party out of power, many Orbån loyalists jumped ship. Although they risked government persecution from Orbån should he win reelection, they took the gamble that the future belonged not to him but to his opponents.
Trump appears to be trying to prevent such defections in the ranks of the Republican senators by forcing them to confirm Blanche, thus rubber-stamping his perversion of the rule of law and joining him in his utter disregard of the demand of Republican voters for the release of the Epstein files.
There may well be an effort to downplay the Blanche confirmation process, but make no mistake: it is a very big deal indeed.
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Inequality Isn't Just Unfair. It's Dangerous! https://robertreich.substack.com/p/inequality-isnt-just-unfair-its-dangerous
Friends,
Youâve heard me talk about this, but I wanted to present it in a way that would be absolutely clear.Â
The wealth of the richest Americans has exploded. Iâm not even talking about the top 1 percent. Iâm talking about the richest 0.1 percent â the top one-tenth of 1 percent.Â
In the 1990s, most Americansâ wealth grew at about the same pace. But after 2010, the top 0.1 percent pulled ahead of the rest of the 1 percent, and everyone else.
2010. Remember that year, because I want to come back to it.
After 2018, in part because of Trumpâs tax cuts for the rich that went into effect at the start of that year, Americaâs richest 0.1 percent are now worthmore than the entire GDP of China.
What do they do with all this money? Well, when theyâre not just shooting rockets into space or building hideous trucks, theyâre spending it on politics.Â
Billionaire political spending in presidential elections is exploding.
After the Supreme Courtâs 2010 Citizens United ruling, it took off.Â
In the last presidential election, just 300 billionaire families spent roughly $3 billion. Those families gave an average of $10 million each â roughly 100,000 times what an average donor gave.
And the super-rich are getting a big return on their âinvestment.â Theyâre getting more tax cuts, more deregulation, and a government that lets them get away with busting unions, exploiting workers, and monopolizing their markets while poisoning the environment.Â
All so they can get even richer and accumulate even more power. So they can get even richer and accumulate even more power. And so on.Â
But this vicious cycle is unsustainable, both politically and economically.Â
When so much of our economy is in relatively few hands, we will inevitably get to the point where consumers cannot buy all the goods and services the economy is capable of producing. This puts the entire economy at risk.
Itâs also politically unstable because itâs inherently divisive â pitting losers against winners and laying the groundwork for an authoritarian state â where no oneâs future is secure, including the super-rich.Â
So we ALL have a stake in stopping this vicious cycle.
To do this, we need to raise taxes on the rich â not to punish them but to ensure that the system works for everyone. This means raising their income taxes and taxing their wealth.
And we need public financing for federal elections â matching public dollars to small-dollar donations in order to balance the power of super-rich and corporate donors. Many states and cities are already doing this â and it works.
Finally, weâve got to undo Citizens United. One way to do that is for states to follow what Montana hopes to do and what Hawaii has already done: take away the power of corporations to make political contributions in the first place.
Look, itâs time to get big money out of politics â for all our sakes.
Please share!Â