Why DeSantis Believes AI Needs Tight Regulation Now Why DeSantis Believes AI Needs Tight Regulation Now (emphasis ours), As Florida lawmakers debate legislation in the state’s capital, Gov. Ron DeSantis is making an all-out push to a finish line. image The 47-year-old Republican is in the last year of his second four-year term as governor, making him ineligible to run again. So he’s spending his political capital as he runs “through the tape,” he told The Epoch Times during an interview at the Florida Governor’s Mansion. He’s hoping for this prize—for lawmakers to pass his proposed AI Bill of Rights. He said it’s needed to protect Floridians and the state’s natural resources from potential harms of unrestricted and explosive growth of artificial intelligence. Senate Bill 482, dubbed the AI Bill of Rights, and the identical House Bill 1395 are taking separate journeys through the Florida Legislature, being examined by committees in both chambers. Lawmakers have until mid-March to pass the legislation. DeSantis hopes they’ll pass, be merged into one bill, and sent to his desk for his signature, along with another bill meant to regulate the growth of data centers needed to power AI. The governor realizes this legislative push may set him up for clashes with President Donald Trump, who has called for states not to meddle much in regulating AI. He and Trump, a former political mentor who helped DeSantis get elected in 2018, have vacillated between being allies and adversaries, with a warming of relations in the past year. But DeSantis, a Harvard-trained lawyer, former congressman, and father of three young children, says curbing the creep of AI can’t wait. Guardrails are needed now, he said, to protect the state’s people, jobs, economy, and environment from harm. In December 2025, DeSantis announced his proposal for the AI Bill of Rights, which covers data privacy, parental controls for children’s interactions with AI, requirements for consumers to be alerted when dealing with AI, and much more. The measure is needed, he said, because rapidly expanding AI technology already infiltrates daily life in everything from retail purchases to medical care. And often, people don’t realize they’re interacting with a technological tool, rather than a human, he said. “Any new technology, as it’s developed, needs to be developed in an ethical way, in a moral way, and it’s got to reinforce our values as Americans,” DeSantis said. “And it cannot be something that is seeking to supplant the human experience. It needs to enhance the human experience. “I get very nervous when I hear these people talk about this transhumanism as where somehow humans aren’t going to be in control, and the AI is going to rule the world,” he said. That goes against what it means to be an American, he said. “Our Founding Fathers, 250 years ago—they set forth the rule: We’re endowed by our Creator with certain inalienable rights, not [by] machines.” He said “there’s a lot of good that can come with technological innovation,” such as in medicine and national defense. “We welcome that in these particular areas, but there’s also really big downsides.” image Protecting Privacy Some of the proposed legislation would reinforce protections Florida previously passed against so-called “deepfakes” and explicit AI-created materials, including those depicting minors. Deepfakes are realistic-looking images, videos, or audio recordings altered to make them appear as if a person has done or said something he or she didn’t do or say. Using AI, deepfakes can mimic a person’s likeness or voice well enough to fool others into believing they’re real. The legislation would prohibit using AI to depict an individual without consent, such as in an advertisement or criminal scheme. And it would require notice when a person is interacting with AI, such as in a chatbot. Chatbots simulate human conversations, often in customer service phone calls or messaging tools. The new measure would prohibit state and local government agencies from using AI tools created by “foreign countries of concern,” such as China. And it would require what’s put into AI platforms by users to be kept private and block it from being sold. DeSantis’s proposal would also prohibit businesses from offering what they call “licensed” therapy or mental health counseling to clients who interact with AI for that care. And it would establish controls allowing children’s conversations with AI to be limited and monitored by parents. If a child “exhibits concerning behavior” when interacting with AI, the legislation would require that parents be notified. The legislation also would limit how insurance companies use AI to decide on whether to pay insurance claims. Data Center Demands Around the world, there’s been widespread concern that facilities needed to support AI may affect the environment, natural resources, and the health of people living nearby in negative ways. Digital hubs that process AI use massive amounts of resources. Data centers used 4.4 percent of the country’s electricity in 2023, according to the U.S. Department of Energy. By 2028, data center demand is expected to swell to up to 12 percent of total electricity usage across the country. Large data centers use up to five million gallons of water per day. That’s about the same amount used by a town of 10,000–50,000 people, according to the Washington-based  Environmental and Energy Study Institute. DeSantis acknowledged that hyperscale data centers, as they’re known, can bring jobs and add lots of tax money to state coffers. But they need careful regulation, he said. A related he’s pushing would prohibit taxpayer subsidies for Big Tech, would hold down energy costs, and would give local governments the option of turning away proposed development of the massive facilities needed to support AI workloads. That bill would strengthen protections of Florida’s natural environment. And it would prohibit electric, gas, and water utilities from charging Florida residents more, as growing data centers demand more energy and water. As AI use grows, Floridians likely will lose jobs, he said. Amazon announced on Jan. 28 that it would be cutting 16,000 jobs. The company increasingly uses AI in its operations. Yet taxpayers facing job-loss to AI often are forced to help pay for AI expansion through federal subsidies to data centers, DeSantis said. That could lead to “a generation of college students” who “won’t be able to find jobs,” he said. “That’s not going to be good for our society.” DeSantis also described his concern that “whoever is controlling the data sets—they’re going to have a huge amount of power, the more pervasive these applications are in society.” “And human nature being what it is—they will abuse that power. That will happen. And so, we need to have some protections against that abuse of power.” That power, put under the control of a “handful of tech companies,” could be “more significant than has ever been wielded by a king or a president,” DeSantis told The Epoch Times. image Opposition Officially opposing Florida’s AI Bill of Rights is the Washington-based Computer & Communications Industry Association, an international group representing Google, Meta, and others. The association sent members of the Florida Senate a letter saying that the proposed legislation “would impose an expansive and fragmented regulatory regime that risks chilling innovation, undermining free expression, and placing Florida significantly out of step with recommended federal and international approaches to artificial intelligence governance.” The group’s top complaint is that the legislation “contains an overly broad and vague regulatory scope” and that the policies may cause privacy concerns. Trump has been critical of states’ efforts to impose regulations on AI, too. It’s unclear whether Florida’s proposed AI Bill of Rights and data center restrictions could conflict with an executive he signed a week after DeSantis announced the proposed legislation. Among other things, the White House directive instructs federal agencies to identify states with “onerous laws” affecting AI and to restrict some of their federal funding. The order focuses on establishing a nationwide framework for AI, so states’ differing laws don’t create a “patchwork of 50 different regulatory regimes.” It aims to eliminate “cumbersome regulation” for AI companies and seeks to foster innovation within the area so that the United States “wins the AI race.” Until Congress passes a national standard for AI, the administration will challenge “excessive” state laws that hinder AI innovation, Trump’s order states. The framework passed by Congress “must forbid state laws that conflict with policy set forth in this order,” and also should “ensure children are protected, censorship is prevented, copyrights are respected, and communities are safeguarded.” “We remain in the earliest days of this technological revolution and are in a race with adversaries for supremacy within it,” the order says. Last year, state lawmakers across the nation introduced more than 1,000 bills related to AI, with 38 states adopting laws targeting the technology, according to a recent report from the Cato Institute. In addition to Florida, laws in California, New York, and Texas could be affected by Trump’s order, which specifically calls out a Colorado statute prohibiting algorithmic discrimination. AI Aversion Opposition to unchecked AI continues to grow within the United States and internationally. As of Feb. 4, more than 800 artists, writers, and actors signed on to a new anti-AI campaign in which they call for an end to the “theft” of their work. Read the rest  Fri, 02/06/2026 - 19:15
Rashida Tlaib's Terror Ties Under Scrutiny In New Watchdog Report Rashida Tlaib's Terror Ties Under Scrutiny In New Watchdog Report A damning new report from ISGAP Action has thrust Rep. Rashida Tlaib (D-Mich.) back into the spotlight, this time with allegations that extend beyond rhetoric and directly involve national security.  image The nonpartisan group released📄.pdf that detail what it describes as a disturbing and recurring pattern of connections between the “Squad” member and individuals and organizations tied to designated terrorist groups, including Hamas and the Popular Front for the Liberation of Palestine.  “As a sitting member of the United States Congress, Tlaib’s repeated engagement with figures who promote or excuse terrorism and antisemitic ideology presents a challenge to the integrity of democratic institutions, congressional ethics, and national security,” the report’s executive summary states.  The report raises serious questions about whether her presence in Congress poses a risk to national security and whether she has crossed a line that should trigger expulsion.  She has previously faced formal censure efforts in the House twice. In November 2023, she was censured for promoting false narratives about the Oct. 7 Hamas attacks and using rhetoric widely viewed as antisemitic. The resolution cited her defense of Hamas as justified resistance within 24 hours of the attack, the deadliest day for Jews since the Holocaust, as well as her spreading a false claim that Israel bombed the Al-Ahli Arab Hospital despite contrary U.S. and Israeli intelligence assessments.  A second censure resolution was introduced in September 2025 after her appearance at the People’s Conference for Palestine, where she was accused of promoting and cheering on terrorism and antisemitism. But her rhetoric isn’t the only red flag. Between 2020 and 2025, Tlaib's campaign and leadership PAC funneled nearly $600,000 to Unbought Power, a consulting firm run by Rasha Mubarak. Mubarak previously worked with the Council on American-Islamic Relations (CAIR), an organization named as an unindicted co-conspirator in the 2009 Holy Land Foundation terror financing trial. She also held roles with the U.S. Campaign for Palestinian Rights and Alliance for Global Justice, both of which have faced scrutiny for their ties to Hamas and PFLP-aligned networks. The payments, earmarked for fundraising consulting, were documented in Federal Election Commission filings and have drawn sharp criticism. The ISGAP report also highlights Tlaib's participation in events featuring known extremists. “For instance, Tlaib has shared the stage with Wisam Rafeedie, a convicted PFLP operative, and spoken at events where banners of Samidoun (a group designated as a terror proxy by the U.S. government) were prominently displayed,” the report explains. “Her comments at these events have included the glorification of ‘martyrs’ and calls for continued resistance, aligning her rhetoric with the ideological framework of jihadist organizations.” The PFLP has a long and brutal history. In August 2019, a PFLP cell detonated an explosive device thathttps://www.timesofisrael.com/israel-arrests-50-pflp-members-in-crackdown-following-deadly-august-bombing/ and seriously injured her father and brother at a natural spring near the Dolev settlement in the West Bank. Israel arrested 50 PFLP members in the aftermath, seizing guns and bomb-making equipment. The attack was led by Samer Mina Salim Arbid, who personally triggered the bomb remotely.  Currently, there is no evidence that Tlaib has violated 18 U.S. Code §2339B, the federal statute that criminalizes providing material support to designated foreign terrorist organizations. However, according to ISGAP Action, “certain patterns of engagement—such as appearing alongside individuals linked to such groups or echoing their rhetoric—raise serious ethical and national security concerns.” Based on the current evidence, protected political speech and congressional immunity make legal action unlikely, but ISGAP Action argues that “the consistency and context of these associations may warrant further public scrutiny and oversight by congressional bodies.” Despite the mounting evidence of ties to terror-linked individuals and organizations, no member of Congress has moved to expel her from the House of Representatives. However, Rep. Dan Crenshaw (R-Texas) seems to believe action is absolutely necessary. If true, we should immediately vote to remove her from Congress. This is not political. This is not partisan. This is a matter of national security. — Dan Crenshaw (@DanCrenshawTX) It is unlikely that action will be taken. Nevertheless, the report makes clear that Tlaib's conduct demonstrates how extremist ideologies can infiltrate mainstream democratic institutions, even the U.S. Congress. Fri, 02/06/2026 - 18:50
Don Lemon Brands JD Vance "Vile Human Being" And Fake Christian Don Lemon Brands JD Vance "Vile Human Being" And Fake Christian Don Lemon, still reeling from his arrest on federal civil rights charges for disrupting a worship service at Cities Church in St. Paul, Minnesota, has turned his ire on Vice President JD Vance.  image Lemon labeled Vance a “vile human being” for refusing to apologize over a reposted tweet, while insisting HE is the real Christian. This latest outburst comes amid Lemon’s ongoing legal troubles, where prosecutors accuse him of conspiring to interfere with religious freedoms under the FACE Act.  Don Lemon calls out JD Vance: “This is a vile human being. It’s not that hard, all he would have to say is I am sorry, no one should die that way. Why can’t you do that JD Vance? Do you have to kiss Donald Trump’s ring and his butt that much that you have to forgo your humanity?… — Marco Foster (@MarcoFoster_) As detailed in our , Lemon’s shift from weary race commentator to full-throated radical has landed him in hot water with the Trump DOJ, which is pushing for prison time. Lemon’s attack on Vance stems from the vice president’s interview with a Daily Mail journalist, where Vance declined to apologize for reposting Stephen Miller’s tweet calling Alex Pretti an assassin. Vance’s straightforward response: “For what?” Lemon ranted: “This is a vile human being. It’s not that hard, all he would have to say is I am sorry, no one should die that way. Why can’t you do that JD Vance? Do you have to kiss Donald Trump’s ring and his butt that much that you have to forgo your humanity?… It’s inhumane.” “It’s really just vile and disgusting,” Lemon continued to froth, adding “He talks about Christianity so much — Christians don’t behave that way. Not real Christians.” The hypocrisy didn’t go unnoticed on X. Users fired back, highlighting Lemon’s role in the church incident where protesters burst in, chanting against ICE and forcing families out into the cold. Says the guy that stormed into a church during mass to film a riot. You have no credibility left so just stop. — tom tomecki (@tallone7070) Don Lemon , talking about what a real Christian should do???????? — Linda Carter (@LindaCa79099031) How would Don know what a Christian is? I doubt he has ever read the Bible. — Jeff (@earthspin1) Breaking into a church service is vile. — Francisco (@brosteve77) Has Lemon apologized to the church goers? — Mirjana Hrgovcic (@TetaMiki2) What “Christian” storms a church where people are worshipping and calls them names and disrupts service? — Socalartgal (@socalartgal3) Funny, Don talking about humanity. — Earle OHagan (@earle_ohagan) These reactions underscore the backlash against Lemon, who once admitted fatigue with race narratives but now embodies the very identity politics he seemed to question.  Attorney General Pam Bondi described the January 18 incident as a “coordinated attack” on the church, where an ICE official serves as pastor.  Lemon, along with co-defendants like Georgia Fort, faces charges of conspiracy and interfering with religious rights.  He was arrested in Los Angeles on January 30, claiming a dozen agents showed up despite his offer to surrender. Released without bond, his next court date is February 9 in Minneapolis. Lemon has vowed to fight the charges, insisting he was merely covering the protest. But critics point to his livestreaming and embedding with agitators as active participation, not neutral reporting. This episode with Vance highlights Lemon’s selective moral outrage. While decrying Vance’s supposed lack of humanity, Lemon ignores calls for his own apology to the traumatized congregation. Your support is crucial in helping us defeat mass censorship. Please consider donating via  . Fri, 02/06/2026 - 18:25
Las Vegas Neighborhood Rocked By Suspected Illegal Biolab Las Vegas Neighborhood Rocked By Suspected Illegal Biolab (emphasis ours), LAS VEGAS—Every morning, Raul Contreras rides his mountain bike along the quiet streets of northeast Las Vegas, passing tidy stucco homes and lawns that reflect a good quality of life. image To him, the area is a hidden gem, far from urban crime and congestion. Families thrive, kids play and go to school safely, and neighbors look out for each other. He had no idea that one of these homes was hiding a secret that could threaten public health. On Jan. 31, Las Vegas Metropolitan Police and SWAT teams raided the house at 979 Sugar Springs Drive, a place Contreras passes every day. Inside the garage, they discovered a suspected biological laboratory containing a freezer, several refrigerators, a centrifuge and other specialized equipment, and over 1,000 vials and gallon-sized containers of unknown red and brown liquids. “That’s kind of scary,” Contreras, who lives about two blocks away, told The Epoch Times. “You don’t know what the hell is in that stuff.” “Now, you know it can happen in any neighborhood—even the quietest,” he said. The discovery has left residents feeling unsettled and unsure. Some are asking how this suspected biolab went unnoticed, possibly as long as three years, in an active crime watch community. A crime watch community is one in which residents partner with local law enforcement to reduce crime through increased surveillance, reporting, and, in some cases, technology. “I feel they shouldn’t have let it go on,” said Kathy, who gave only her first name, as she walked her dog near the now-empty home. “It’s scary. It’s really easy to operate under the radar here.” Cody Human, who owns a tree trimming service in Las Vegas, said he and his crew had planned to work at the house next door on the day of the raid. However, when they arrived, they saw police officers and hazmat-suited personnel throughout the property. “If I lived in this neighborhood, I would definitely be scared,” Human told The Epoch Times as he resumed work on Feb. 3. image “Anything like that is scary, especially for neighborhoods like this that have kids and families,” he said. “I mean, this neighborhood is known as a family-oriented neighborhood. You’ve got churches. This is one of the better neighborhoods. It’s very clean, very quiet.” Meanwhile, a team of local, state, and federal investigators is working to identify the materials seized from the suspected biolab and their purpose. “We recognize that the public is seeking clarity,” Clark County Sheriff Kevin McMahill told reporters on Feb. 2. “What were they testing for? What possibilities are being considered?” FBI scientists and specialized evidence teams entered the garage, where they opened the refrigerators and a freezer to inspect their contents. Some items appeared to have been used to store biological and chemical materials, McMahill said. The joint investigation involved multiple agencies and a “layered use of technology,” including Las Vegas Metropolitan Police Department drones and a robotic dog, to assess environmental conditions at the residence to limit risk of exposure to potential pathogens. image McMahill said investigators collected more than 1,000 pieces of evidence and stored them temporarily at the Southern Nevada Health District building. On Feb. 2, FBI agents transported the materials by aircraft to the National Bioforensic Analysis Center in Maryland, according to Christopher Delzotto, special agent in charge of the investigation at the FBI’s Las Vegas office. McMahill said the Sugar Springs Drive home is owned by David Destiny Discovery LLC, whose principal is David He, the same person to an illegal biolab shut down in Reedley, California, in 2023. The Epoch Times previously that David He is the pseudonym used by Jia Bei Zhu, a Chinese national. image The Justice Department releases a photo of Jia Bei Zhu, arrested in connection with an illegal Chinese biolab in Reedley, Calif., on Oct. 19, 2023. Department of Justice Investigators at the Reedley biolab found materials possibly linked to infectious diseases, including hepatitis, COVID-19, HIV, malaria, and other dangerous pathogens, McMahill said. Police have named He as a suspect in the Las Vegas case, and said federal authorities were already holding him because of charges related to the 2023 investigation. A second suspect, Ori Salomon, 55, a nonimmigrant foreign national, was also arrested in the Las Vegas investigation. Salomon, who also spells his surname as Solomon, manages the home on Sugar Springs Drive and a nearby house on Temple View Drive. Police booked Salomon at the Clark County Detention Center for disposing of and releasing dangerous waste, and he was released on $3,000 bail. Salomon is also facing a federal felony charge of possession of a firearm by a prohibited person. image His next court appearance is scheduled for March 4. The sheriff said the Reedley investigation raised significant concerns about what local authorities might encounter at the Sugar Springs Drive property. “While it is unknown whether similar materials were present here at the Las Vegas residence, the possibility required us to proceed with extreme caution,” McMahill said. On Jan. 31, the FBI also executed a search warrant at the property on Temple View Drive, where several people resided, but found no illegal biological materials inside. When police went into the property on Sugar Springs Drive, they found three people living in different rooms they were renting. These people are not involved in the current investigation, McMahill said. image According to county documents obtained by The Epoch Times, David Destiny Discovery purchased the Sugar Springs Drive property in October 2022 from Wang Zhaoyan, who was connected to companies involved in the Reedley case. Read the rest  ... Fri, 02/06/2026 - 17:40
Cuba Ready To Negotiate With Trump, But Urges Dialing Down Of Pressure Cuba Ready To Negotiate With Trump, But Urges Dialing Down Of Pressure Cuban President Miguel Díaz-Canel has offered to enter negotiations with Washington, but has made clear that this must happen "without pressure" - at a moment the Trump administration is seeking to economically strangle Cuba - even going so far as to openly tout the desire to see regime change. "Cuba is willing to engage in dialogue with the United States," the Cuban leader Thursday. He made clear this can be a "dialogue on any topic... but without pressure or precondition." image But his key caveat is that for dialogue to take place, it must happen "from a position of equals, with respect for our sovereignty, our independence and our self-determination" and without "interference in our internal affairs." Díaz-Canel   that Cuba has long been subjected to "intense media campaigns of slander, hatred, and psychological warfare." President Trump has been seeking to end oil imports to Cuba, and after the Maduro overthrow, this has become a real possibility, given that the United States can now demand that the interim government in Caracas end its oil exports to Havana. Venezuela has always been Cuba's number one supplier.  Mexico too has recently halted oil sales to Cuba so that it can avoid coming under a White House pressure campaign. But there's still a lifeline: "Russian oil has been supplied to Cuba on numerous occasions in recent years. We expect this practice to continue," Moscow's ambassador to Cuba, Viktor Koronelli, has https://www.aa.com.tr/en/world/russian-ambassador-says-moscow-to-continue-supplying-oil-to-cuba/3820994 .  In the background, Cuban immigrants in the US dread the possibility of being sent back to Cuba, especially with its economy in a sanctions-induced : “It’s been brutal,” said Estévez. “Imagine Dylan hugging his phone every night when he sees his dad. I wouldn’t wish this on any mother.” As  , cutting off access to its oil shipments, Donald Trump has framed the campaign as an effort to make the island safe for Cuban Americans. “A lot of people that live in our country are treated very badly by  ,” Trump said recently. “They all voted for me, and we want them to be treated well. We’d like to be able to have them go back to a home in their country, where they haven’t seen their family, their country for many, many decades.” Last weekend, Trump said "We’re starting to talk to Cuba" and explained his view that "It doesn’t have to be a humanitarian crisis. I think they probably would come to us and want to make a deal. So Cuba would be free again." But there's some clear regime change activity happening behind the scenes, with The Wall Street Journal  last week that the White House is "searching for Cuban government insiders who can help cut a deal to push out the Communist regime by the end of the year." Fri, 02/06/2026 - 17:20
Netanyahu Tells US Envoys Iran Cannot Be Trusted If Deal Is Reached Netanyahu Tells US Envoys Iran Cannot Be Trusted If Deal Is Reached Israeli Prime Minister Benjamin Netanyahu told US envoy Steve Witkoff during a meeting in Jerusalem on Tuesday that Iran cannot be trusted, as Witkoff prepares for potential talks with Iranian Foreign Minister Abbas Araghchi. "Ahead of Envoy Witkoff’s departure to meet with a representative of Iran, the Prime Minister clarified his position that Iran has proven time and again that its promises cannot be relied upon," Netanyahu’s office  . image According to Haaretz, President Trump’s son-in-law, Jared Kushner, https://www.haaretz.com/israel-news/2026-02-03/ty-article-live/un-chief-warns-netanyahu-israels-unrwa-crackdown-violates-united-nations-charter/0000019c-2158-d6ed-affe-e7dcd0fe0000?liveBlogItemId=1852705845#1852705845 . While holding no official position in the Trump administration, Kushner has been deeply involved in US engagement with Israel and negotiations on Gaza. Initial reports said Witkoff and Araghchi were expected to meet in Turkey, but the venue may now be changed to Oman. Axios https://www.axios.com/2026/02/03/iran-us-nuclear-negotiations-format  on Tuesday that Iran was making new demands related to the talks, but the claim was contradicted by Ali Vaez of the Crisis Group. "A senior Iranian official just told me that this report is not accurate: ‘Both sides are deciding together on the best format and venue,' he noted," Vaez   in response to the Axios report. The White House also said that talks are still planned for this Friday. It's unlikely that a deal between the US and Iran can be reached as the Trump administration is demanding that any agreement must include limits on Tehran’s missile program, a condition Iranian officials have said is a non-starter. President Trump has been threatening to bomb Iran for weeks and has ordered a major US military buildup in the region, which has involved the deployment of the aircraft carrier USS Abraham Lincoln and its strike group and additional air defenses. The president is now pushing the idea of some sort of deal with Iran, but before the launch of the 12-Day War, he was also calling for diplomacy as part of a deception campaign to keep Tehran offguard. U.S. official to Axios: It's really the Israelis who want a strike on Iran. The President is just not there. — Clash Report (@clashreport) Israel launched the war on June 13, a few days before the US and Iran were scheduled to hold another round of nuclear talks. Hours before the first Israeli airstrikes hit, https://truthsocial.com/@realDonaldTrump/posts/114672438335170335 . Wed, 02/04/2026 - 22:35
Nintendo Profit Misses As Soaring Memory Prices Could Become Major Headache Nintendo Profit Misses As Soaring Memory Prices Could Become Major Headache Dark storm clouds have gathered over Nintendo since the start of December, as investor concerns mount over tariffs, rising memory prices, and chatter about soft US holiday sales. The stock in Tokyo remains about one-third below its August peak. Earnings on Tuesday reconfirmed the gloom after Nintendo reported third-quarter operating income that missed the average Wall Street estimate tracked by Bloomberg. Switch 2 sold 7.01 million units in the December quarter, beating Bloomberg Consensus estimates, but the operating income of 155.21 billion yen, versus the 180.7 billion expected, raised investor concern. image Trade tariffs, combined with rising component costs, especially the explosion in the price of high-bandwidth memory (HBM), are pressuring thin hardware margins for the electronics company. Goldman analyst Maho Kamiya clients in late Decemeber that concerns about rising memory prices and the absence of top-down tailwinds have sent Nintendo shares spiraling. The stock has yet to recover since the warning... image We have outlined a growing list of electronics companies pressured by soaring memory prices, even prompting to tell consumers that front-running purchases of PCs, TVs, and other devices that use HBM should be "done now" because the memory shortage, caused by data center buildouts, will only get worse from here. Snapshot of the third quarter (courtsey of Bloomberg): Operating income 155.21 billion yen, +23% y/y, estimate 180.7 billion yen (Bloomberg Consensus) Net income 159.93 billion yen, +24% y/y, estimate 147.5 billion yen Net sales 806.32 billion yen, +86% y/y, estimate 815.7 billion yen "Switch 2 sales figures can be seen as okay, but it would be hard to call them solid," Toyo Securities analyst Hideki Yasuda wrote in a note. Yasuda said, "Looking ahead, concerns such as rising component prices remain, and how the company will once again control costs will be the key point to watch." According to research firm TrendForce, HBM shortages are fueling major risks for Nintendo as chipmakers prioritize AI data-center memory, potentially limiting console production. Hence, our most recent note: Nintendo maintained full-year guidance: Sees FX assumption 150 yen/USD, saw 140 Sees FX assumption 170 yen/EUR, saw 160 Still sees operating income 370.00 billion yen, estimate 419.16 billion yen Still sees net income 350.00 billion yen, estimate 412.42 billion yen Still sees net sales 2.25 trillion yen, estimate 2.37 trillion yen Sees Switch 2 hardware sales 19.00 million units Sees Switch 2 software sales 48.00 million units Still sees original Switch hardware sales 4.00 million units Still sees original Switch software sales 125.00 million units Still sees dividend 181.00 yen, estimate 204.14 yen While it may be a golden time for memory makers as prices skyrocket, it is only a matter of time before consumer electronics see price surges and even the risk of limited production. Welcome to the era of AI data centers: the HBM shortage is expected to persist into 2027. Tue, 02/03/2026 - 07:45
Clintons Bend The Knee To Comer, Agree To Testify In House Epstein Inquiry Clintons Bend The Knee To Comer, Agree To Testify In House Epstein Inquiry Just hours after Chair James Comer (R-Ky.) rebuffed Bill and Hillary Clinton's attorney's last-ditch conditional offer, the former president and former secretary of state appear to have acquiesced and agreed to key demands from the Republican-led House Oversight Committee to testify about Jeffrey Epstein in a closed-door deposition. image The initial correspondence, https://www.cnn.com/2026/02/02/politics/clintons-contempt-congress-vote-comer revealed that the Clintons’ team has been in search of an off-ramp for days. Attorneys for Bill and Hillary have been in discussion with the Republican-led committee multiple times since lawmakers from both parties voted in January to hold the Clintons in contempt for refusing to appear for in-person depositions as part of the panel’s investigation into Epstein. “It has been nearly six months since your clients first received the Committee’s subpoena, more than three months since the original date of their depositions, and nearly three weeks since they failed to appear for their depositions commensurate with the Committee’s lawful subpoenas,” Comer wrote. “Your clients’ desire for special treatment is both frustrating and an affront to the American people’s desire for transparency.” https://www.cnn.com/2026/02/02/politics/clintons-contempt-congress-vote-comer according to the letter dated January 31, the Clintons’ lawyers laid out the terms under which the former president would sit for a voluntary, transcribed interview. He would sit for four hours in New York City for an interview limited to the scope of the Epstein probe, they said. Lawmakers from both parties and their staff could ask questions, and the lawyers said both the Clintons and the committee could have their own transcriber present, according to the letter. Comer rejected the offer from the Clintons’ attorneys as “unreasonable” and said he could not accept such terms. He could not agree, he said, to changing the interview from a sworn deposition to a voluntary interview, and rejected the way in which the attorneys sought to limit the interview’s scope.  “But given that he has already failed to appear for a deposition and has refused for several months to provide the Committee with in-person testimony, the Committee cannot simply have faith that President Clinton will not refuse to answer questions at a transcribed interview, resulting in the Committee being right back where it is today,” the Kentucky Republican wrote. By rejecting the Clintons’ initial offer, Comer had all but ensured that the House would hold a final vote this week on the contempt resolutions. “Your clients’ desire for special treatment is both frustrating and an affront to the American people’s desire for transparency,” Mr. Comer wrote in a letter to the Clintons’ lawyers on Monday that was also . Indeed, , an extraordinary first step in referring them to the Justice Department for prosecution, the Clintons ultimately waved the white flag and agreed to fully comply with Mr. Comer’s demands. In an email sent to Mr. Comer on Monday evening, attorneys for the Clintons said their clients would “appear for depositions on mutually agreeable dates” and asked that the House not move forward with a contempt vote, which had been slated for Wednesday. However, it was not immediately clear Monday evening whether Comer would accept the Clintons' terms and, subsequently, whether the contempt votes would still take place. Comer said: "The Clintons' counsel has said they agree to terms, but those terms lack clarity yet again and they have provided no dates for their depositions. The only reason they have said they agree to terms is because the House has moved forward with contempt." "I will clarify the terms they are agreeing to and then discuss next steps with my committee members," Comer said in a statement. For Mr. Clinton to testify in the Epstein investigation would be nearly unprecedented. No former president has appeared before Congress since 1983, when President Gerald R. Ford did so to discuss the celebration of the 1987 bicentennial of the enactment of the Constitution. When Mr. Trump was subpoenaed in 2022 by the select committee investigating the Jan. 6, 2021, assault on the Capitol, after he had left office, he sued the panel to try to block it. The panel ultimately withdrew the subpoena. It was a victory for the Republican chairman, shifting the focus of his panel’s Epstein investigation onto prominent Democrats who once associated with the disgraced financier and his longtime companion, Ghislaine Maxwell. Mon, 02/02/2026 - 21:20
Trump Says Noem Won't Step Down Over Minnesota Shooting, Doing 'Very Good Job' Trump Says Noem Won't Step Down Over Minnesota Shooting, Doing 'Very Good Job' (emphasis ours), President Donald Trump on Tuesday rebuffed calls for Homeland Security Secretary Kristi Noem to step down from her position in the midst of criticism of immigration officials in the wake of a protester-involved shooting in Minneapolis over the past weekend. image Some Democratic lawmakers that administration officials don’t believe Pretti’s actions reach the legal standard for terrorism. Trump was asked about Noem’s job status while he was speaking with reporters outside the White House on Tuesday. He told reporters he believes Noem is doing a “very good job” and a “great job” as the head of the sprawling federal department, and he cited her work in shutting down the United States–Mexico border. “Is Kristi Noem going to step down?” a reporter asked him. Trump directly responded by saying no. Speaking about the border, Trump said that people “forget” that the prior administration had allowed “millions of people” to come through. Border authorities now allow “no one” to come through, and people are only coming into the United States legally, he said. The Biden administration and the Democratic Party willfully “had allowed tens of millions of people” to enter the United States, with many being murderers, drug dealers, addicts, and people who were removed from mental institutions, Trump said. On Monday, Trump said that private conversations with both Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey were productive, while the two Democratic leaders offered similarly positive comments. Walz’s office said Trump had agreed to direct the Department of Homeland Security (DHS) to ensure state authorities could conduct their own investigation into the Pretti shooting, while Frey said in a post on X that his understanding was that some federal agents would begin leaving the city on Tuesday. Senate Minority Leader Chuck Schumer (D-N.Y.) said his party would vote against funding legislation that includes money for DHS, which oversees Immigration and Customs Enforcement (ICE), the federal immigration agency. Congress faces a Jan. 30 deadline to fund the government or risk a partial government shutdown. Schumer, in a Sunday , said Republicans should “join Democrats in overhauling” both ICE and U.S. Customs and Border Protection. “Senate Democrats will not allow the current DHS funding bill to move forward,” he also said. Democratic lawmakers in the House have called for Noem’s removal after the Pretti shooting, with several issuing a joint statement on Monday calling for immigration agents in Minneapolis to be stood down. “This tragic killing comes on the heels of the fatal shooting of Renee Good earlier this month, and multiple other documented incidents of civil-rights abuses and excessive enforcement by ICE and CBP in Minnesota—demonstrating a pattern of misconduct that has fractured trust and terrified communities,” they said in the statement. The Trump administration has vowed to carry out mass deportations of illegal immigrants and has said that many of the people being arrested and removed from the country are criminals with lengthy rap sheets, including convictions for child abuse, sexual assault, and other crimes. Reuters contributed to this report. Wed, 01/28/2026 - 08:05
Trump Touts "Total And Permanent" Access To Greenland, While Nobody Has Any Clue What's In The Deal Trump Touts "Total And Permanent" Access To Greenland, While Nobody Has Any Clue What's In The Deal Trump said on Thursday he had secured "total and permanent" US access to Greenland in a deal with NATO, whose head said allies would have to step up their commitment to Arctic security to ward off threats from Russia and China.  News of a framework deal came as Trump backed off tariff threats against Europe and ruled out taking Greenland by force, bringing to an end what was brewing to be the biggest rupture in transatlantic ties in decades. Yet despite the optimism, details of any agreement were unclear and Denmark insisted its sovereignty over the island was not up for discussion. EU foreign policy chief Kaja Kallas said the bloc's U.S. relations had "taken a big blow" in the past week, as EU leaders met for an emergency summit. Greenland's Prime Minister Jens-Frederik Nielsen welcomed Trump's comments but said he was still in the dark on many aspects. "I don't know what there is in the agreement, or the deal, about my country," Nielsen told reporters in the capital Nuuk.  "We are ready to discuss a lot of things and we are ready to negotiate a better partnership and so on. But sovereignty is a red line," he said, when asked about reports that Trump was seeking control of areas around U.S. military bases in Greenland as part of a wider deal. "We cannot cross the red lines. We have to respect our territorial integrity. We have to respect international law and sovereignty." Meanwhile, speaking to reporters aboard Air Force One on his return from the World Economic Forum in Davos, Switzerland, Trump said a new deal was being negotiated that would be "much more generous to the United States, so much more generous." And while he skirted questions on sovereignty, Trump said: "We have to have the ability to do exactly what we want to do." image Earlier Trump told Fox Business Network the deal would essentially bring "total access" for the United States. "There's no end, there's no time limit." A source familiar with the matter told https://www.reuters.com/world/europe/trumps-greenland-climbdown-triggers-relief-way-forward-unclear-2026-01-22/ that NATO Secretary General Mark Rutte and Trump had agreed in Davos on further talks between the U.S., Denmark and Greenland on updating a 1951 agreement that governs U.S. military access and presence on the Arctic island. The framework they discussed also calls for prohibiting Chinese and Russian investments in Greenland, the person said. Another source familiar with the matter said what had been agreed was "a frame on which to build," adding that "anything being reported on specific details is speculative." Rutte told Reuters in Davos it was now up to NATO's senior commanders to work through the details of extra security requirements. "I have no doubt we can do this quite fast. Certainly, I would hope for 2026, I hope even early in 2026," he said. Meanwhile, the country that Greenland (semi-autonomously) belongs to, remains fully in the dark: Danish Prime Minister Mette Frederiksen said no negotiations had been held with NATO regarding the sovereignty of Greenland. "It is still a difficult and serious situation, but progress has also been made in the sense that we have now got things where they need to be. Namely that we can discuss how we promote common security in the Arctic region," she said. Speaking later ahead of the emergency summit of EU leaders, Frederiksen called for a "permanent presence of NATO in the Arctic region, including around Greenland." Kallas said "disagreements that allies have between them, like Europe and America, are just benefiting our adversaries who are looking and enjoying the view." Finnish President Alexander Stubb said he hoped allies could put together a plan to boost Arctic security by a NATO summit in Ankara in July. British Prime Minister Keir Starmer told Rutte on Thursday that the UK stood ready to play its full part in ensuring security in the Arctic. After meeting with Rutte, Trump said there could be a deal that satisfies his desire for a "Golden Dome" missile-defence system and access to critical minerals while blocking what he says are Russia and China's ambitions in the Arctic.  Adding to the confusion, Rutte said minerals exploitation was not discussed in his meeting with Trump, even though Trump said that it has been.Specific negotiations over the Arctic island would continue between the United States, Denmark and Greenland itself, he said. The 1951 agreement established the U.S. right to construct military bases in Greenland and move around freely in Greenlandic territory. This is still the case as long as Denmark and Greenland are informed of its actions. Washington has a base at Pituffik in northern Greenland. "It is important to clarify that the U.S. had 17 bases during the Cold War and much greater activity. So that is already possible now under the current agreement," said Marc Jacobsen, a professor at the Royal Danish Defence College. "I think there will be concrete discussions about Golden Dome, and I think there will be concrete discussions about Russia and China not being welcome in Greenland." Separately, China's Foreign Ministry told Reuters on Friday that claims China is a threat are "baseless", when asked to respond to the Arctic comments. At the same time, the ministry said that China opposes other countries using it as "an excuse" to push their own agenda. China has repeatedly said its scientific expeditions in the Arctic and commercial shipping operations in the region followed international treaties and laws, accusing the West of distorting facts and hyping up its activities as clues to military intent. Last week, the state-backed Global Times newspaper said in an editorial that it " firmly opposed attempts by the United States and Europe to label China with terms such as 'military threat,' 'resource grabber' or 'rule breaker' in Arctic affairs." Eslewhere, the president of the European Parliament said the European Union will likely resume work on a trade deal with the United States after Trump took back his tariff threats. The parliament decided this week to suspend work on the deal because of Trump's threats. However, diplomats told Reuters EU leaders will rethink U.S. relations as the Greenland episode has badly shaken confidence in the transatlantic ties. Governments remain wary of another change of mind by Trump, who is increasingly seen as a bully whom Europe will have to stand up to, they said. Residents in the Greenland capital, Nuuk, are also wary. "It's all very confusing," said pensioner Jesper Muller. "One hour we are, well, almost at war. Next hour everything is fine and beautiful, and I think it's very hard to imagine that you can build anything on it." Nobody asked Muller if he would rather have gotten $10 million and agree, together with the other 57,000 residents, to cede Greenland to the US. Fri, 01/23/2026 - 14:20