White House Inc.

The pay-as-you-play Trump administration is making the President and his family very rich.

The Post reports: “President Donald Trump’s reported income soared to more than $2.2 billion in 2025, as the president took in more than $1.4 billion from cryptocurrency, digital tokens and related partnerships, according to his latest financial disclosure forms."

“The 2025 disclosure includes $635 million in royalties from a license agreement with Celebration Coins; at least $525 million in proceeds from token sales by World Liberty Financial, a cryptocurrency project founded by Trump and his sons; $65 million in proceeds from World Liberty Financial’s equity sale; and $196 million in net proceeds from a stablecoin transaction.”

From the Times: (N)ever before in American history has there been anything like Donald J. Trump, a president who in his first year back in office has collected about $1.4 billion in new revenues from cryptocurrency businesses that directly benefited from his actions as president.

“Presidential historians said they could identify no other president in American history who entered into new business enterprises just before moving into the White House, and then continued to personally profit from them during his term.”

Indeed, in our 250 years as a republic, we have never seen corruption on this scale at the White House. It is pure, unapologetic greed.

Meanwhile, for the rest of us, grocery prices keep going up, home ownership has become an unreachable dream for our children, and AI is replacing them in the workforce increasingly controlled by billionaires like Trump.

Is there any wonder why Democratic Socialists are starting to win elections across the land?

HEADLINES:

• Trump’s income topped $2 billion in 2025, boosted by crypto, coin ventures (WP)

• Trump’s Moneymaking Run: Unrivaled in Presidential History (NYT)

• Speaker Johnson abandons floor agenda, sends members home early amid GOP rebellion (CNN)

• Supreme Court upholds birthright citizenship, rejecting Trump’s proposed limits (AP)

• Poll: Americans split on whether being U.S.-born is important for being ‘truly American’ (NBC)

• Supreme court rules states can exclude trans athletes from female sports (Guardian)

• Supreme Court strikes down coordinated campaign spending limits (CBS)

• Left-Wing Insurgent Ousts 15-Term Congresswoman in Colorado (NYT)

• Iran’s leverage over Strait of Hormuz snarls Trump’s push for a deal (WP)

• US envoys in Doha to meet mediators but not Iranians, Qatar says (BBC)

• Trump’s Obsession With Executive Power Will Cost Him (Bulwark)

• Inside the Great American State Fair’s carnival of contrasts (Axios)

• Trump now ‘hates’ his own trade deal. But he’ll have a hard time killing it. (Politico)

• Venezuela’s earthquakes are a somber warning for US preparedness (The Hill)

• Putin Faces Increased Pressure as Moscow Is Again Attacked by Drones (NYT)

• As war stalls, Putin concedes he never cut a deal with Trump in Alaska (WP)

• Melania Trump calls for US to support both transgender athletes ban, LGBTQ+ rights (The Hill)

• LeBron James to play record 24th NBA season, but not with Lakers (NYT)

• ‘Humanity has chosen to become idiots’: This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating (Fortune)

• How A.I. Is Changing the Way Politicians Run for Office (NYT)

• Delivery Robots Abandon College Campuses Like A Failed Military Occupation (Jalopnik)

• A chess grandmaster on what AI visionaries don’t understand (WP)

• We’re Only Starting to Grasp the Pitfalls of Using A.I. at Work (NYT)

• Supreme Court Upholds Temporal Gerrymander That Would Cost Democrats 1932 Election (Onion)

 

Almost Real

The world’s problems lie just below the surface of the conviviality of the World Cup but that is one aspect that makes the global competition meaningful.

For example, as Morocco defeated the Netherlands yesterday, its team featured three Moroccan-Dutch players who grew up in the Netherlands but competed for the team of their parents, as opposed to that of their citizenship.

Racist comments on the Dutch side reported before the game suggested that those three were not good enough to play for the Netherlands team.

The Morroccans answered on the pitch, winning an exciting match on shootouts. 

Many of the athletes at the World Cup have roots in more than one country and somehow they have made the choice of which country to represent, which national anthem to sing, which fans to embrace.

It’s almost if they have to find a way to compete against themselves, at least partially, and in that there might be a lesson for all of us.

HEADLINES:

• Supreme Court Upholds Mississippi Late-Arriving Mail-In Ballot Law (NYT)

• Trump laments ‘tremendous loss’ on mail-in ballots at Supreme Court, doubles down on voter-ID bill (CNBC)

• Supreme Court expands Trump’s power over the federal bureaucracy (WP)

• Supreme Court rules Trump cannot fire Fed member Lisa Cook; grants him more power over other independent agencies (NBC)

• Liberal supreme court justices condemn ‘destabilizing’ ruling that expands Trump’s power to fire regulators (Guardian)

• U.S. and Iranian officials to resume talks, Trump says, after clashes test ceasefire (CBS)

• Iranian, Qatari officials to discuss MoU, frozen funds (Al Jazeera)

• Israel and Lebanon’s fragile truce (Economist)

• Iran’s president says $6B in frozen assets in Qatar to be released as US talks challenged (AP)

• Europe Goes Its Own Way (Foreign Affairs)

• Russia is grinding its way into Kostiantynivka, a key stronghold in Ukraine's eastern “fortress belt” long coveted by the Kremlin, even as its gains across the rest of the front line have largely stalled. (Reuters)

• Around 145 million at risk as U.S. braces for holiday week heat wave; wildfires continue to rage in the West (NBC)

• Trump Cut a Billion-Dollar Mining Deal. His Sons Stand to Profit. (NYT)

• Who Is Natalie Harp? Trump’s Most Ardent Aide, Explained (New York)

• Venezuela earthquake aftershocks reignite fears as survivors seek answers (CNN)

• Native American Tribes Came Together to Secure Their Rights to Colorado River Water. Four States Are Stalling the Deal. (ProPublica)

• Wendy Schmidt: Three centuries of science is something to celebrate (Fortune)

• CBS Ratings Continue Nosedive Under Bari Weiss (TechDirt)

• Supreme Court says police need a warrant to obtain Google location data (WP)

• How Domo went from a $2.8 billion darling to fighting for its survival (BI)

• Morocco win shootout to send Netherlands home from World Cup (ESPN)

• Professor denounces mass AI fraud on an exam at Brown University: ‘Academic integrity is at risk’ (El Pais)

• Chinese AI’s Sputnik Moment (National Review)

• Travis Kelce Reserves Seat At Reception For SpongeBob Just In Case (Onion)

 

What Future, CNN?

Back in 2013, media critic Brian Stelter published a book “Top of the Morning,” that was later adapted into the dramatic 2019 television series, “The Morning Show.” 

These days, Stelter appears as an occasional guest on CNN as part of that network’s attempt to cover another drama — the ownership change that has thrown its future into doubt.

Tech billionaire David Ellison, a close buddy of Donald Trump, is close to completing the merger that would bring CNN under his control.

The much smaller and less profitable CBS already is controlled by Ellison and the result has been disastrous, from a journalistic perspective.

But there is far more at stake wit CNN than simply the survival of a media company. More than any other network, CNN has provided critical, consistent, accurate coverage of the Trump era — much to Trump’s dismay.

According to the New York Times, “Mr. Ellison has not publicly detailed what he has in store for CNN. But the network’s newsroom is wary of his conspicuous coziness with Mr. Trump and the prospect that he may assign some oversight of CNN to Bari Weiss, his pick to run CBS News after he bought Paramount last year.

“Anderson Cooper, the channel’s biggest star, has told colleagues at CNN that he does not want to work for Ms. Weiss, two people familiar with his remarks said. Mr. Cooper, who overlapped with Ms. Weiss at CBS as a correspondent at “60 Minutes,” left that show this spring after 20 years.

“As the merger approaches, the 18th-floor Manhattan office of Amy Entelis, the CNN executive in charge of on-air talent, has turned into something of a psychiatrist’s couch for anchors and correspondents, who often drop in to air their anxieties about the looming changes.”

What is at stake here, of course, is not only whether CNN will remain free to accurately report on Trump’s push for authoritarian power. 

It is freedom of the press, one of our few tools for stopping this existential threat to our democracy.

HEADLINES:

• Trump says the U.S. and Iran will meet in Qatar after weekend attacks (NPR)

• U.S.-Iran ceasefire could go up in flames (Axios)

• U.S., Iran Carry Out New Strikes, Testing Fragile Ceasefire (WSJ)

• Israel’s military and tech industry race to counter Hezbollah’s latest threat (CNN)

• With time running out, Trump digs in on changing midterm election rules (WP)

• Postmaster general’s remarks on mail ballots stoke fears among voting rights advocates (The Hill)

• Trump allows dairy farms a path for migrant labor, upsetting anti-immigration camp (WP)

• A ‘heat dome’ is driving dangerous heat across the U.S. into the July 4 weekend (NPR)

• Biden calls Trump ‘a loser’, portraying him as incompetent, corrupt and vain (Guardian)

• America split from monarchy 250 years ago. Trump’s presidency is testing how far it’s come (AP)

• Dean Cain Hits Back After His State Fair Photo Sparks Low Attendance Claims (Newsweek)

• If you think China needs to dethrone U.S. dollar, you don’t understand how it is waging global currency war (CNBC)

• Venezuela Is Desperately Searching for 50,000 Missing After Earthquakes (WSJ)

• Two boys rescued from Venezuela earthquake rubble after days of being trapped (BBC)

• Three Firefighters Die as Wildfires Ravage Utah and Colorado (NYT)

• Why the nation’s founding document is barely legible (WP)

• What news reports from 1600s tell us about life in Mughal India (BBC)

• ‘Tech firms are losing the public’: social media age bans near tipping point (Guardian)

• AI jitters meet a jobs report and falling oil prices: What to watch this week (Yahoo)

• German World Cup Fan Can’t Believe How Different Real U.S. Is From Depiction In Pixar’s ‘Cars’ (Onion)

Democracy

 

                                                         

HEADLINES:

• Chaos Came to CBS News. What’s in Store for CNN? (NYT)

• Iran attacks Bahrain and Kuwait following US strikes and threatens to halt talks to end the war (AP)

• Iran hits targets linked to the U.S. (Reuters)

• US-Iran tensions flare over the vital Strait of Hormuz (CNN)

• Mideast Fighting Widens With Attacks on Bahrain, Hormuz Tanker (WSJ)

• Deal with Trump hands Iran economic lifeline as leaders eye postwar gains (WP)

• UK maritime agency raises Strait of Hormuz threat level after oil tanker reports being struck (Euronews)

• Venezuela earthquake death count rises (Reuters)

• Window Narrowing to Find Survivors as Quake Death Toll Surpasses 1,400 (NYT)

• Can J. D. Vance Serve Both God and Donald Trump? (New Yorker)

• Trump taps Lance Schroyer to lead ICE, agency at center of deportation campaign (WP)

• Has America Lived Up to Its Founding Promise? (Reveal)

• Trump’s pick is favored in Louisiana. Her opponent is betting on a grassroots revolt. (Politico)

• S.F. police, marchers clash on Market Street during Trans March (SFC)

• The man who wants Netanyahu’s job (Reuters)

• Yale Seeks Trump Administration Deal as It Faces Sprawling Investigation (NYT)

• Trump tries out midterms message that focuses on ‘communists’ (WP)

• Rage Against the Machine (Journal of the Plague Years)

• How Shepard Fairey Created TIME’s ‘Our America’ Cover (Time)

• Scientists Think They’ve Uncovered the 15-Million-Year-Old Origin of Laughter (404media)

• The hidden cost of AI coding: workplace paralysis (BI)

• Anthropic Thinks Its Own Success Is Key to Making AI Safe (Wired)

• The Three Chatbot Behaviors That Can Drive Humans to Delusional Thinking (WSJ)

• The U.S. government will decide who gets to use the latest American AI technology (WP)

• Prize Hog Drops Out Of Great American State Fair Due To Event’s Political Nature (Onion)

A Biblical Dispute

Authorities in Texas have voted to require that the Bible be taught in schools. They’ve already forced educators to post the Ten Commandments in classrooms.

As far as the Bible as a textbook is concerned, it contains lots of stories. Some are well told, others less so. There is a great deal of redundancy.

The stories are anecdotal in nature, as the authors provide little in the way of documentation. From a journalistic perspective, you could say the book would benefit from a strong edit.

But all of that said, I think it is generally a good thing for everyone to know about the stories in the Bible and their meaning. It is an essential part of Judeo-Christian history, and therefore critical for understanding how we got from there to here.

Students need to be capable of critical thinking before taking on this task. High school or college would be the ideal place to study the Bible, I believe, not elementary school as in Texas. 

And the problem with the Texas approach is that it blurs, if not violates the separation of church and state, which is a cornerstone of our democracy.

Politically, the Texas initiative is part of a conservative push to suppress religious diversity and impose a form of Christian nationalism on everybody. 

“Kids of all faith backgrounds and no faith are served by Texas schools and they should all feel welcome in Texas schools,” said Elva Mendoza, legislative communications associate for the progressive Texas Freedom Network. “But this is sending the message to children that one and only one religious text — a Christian one — is worthy of making this required reading list.”

Ultimately, the legality of the Texas approach will probably be decided by the courts.

HEADLINES:

• Mideast Fighting Widens With Attacks on Bahrain, Hormuz Tanker (WSJ)

• U.S. Military Strikes Missile and Drone Sites in Iran (NYT)

• Hezbollah rejects Israel-Lebanon framework agreement (Al Jazeera)

• Trump says Iran violated ceasefire with drone attacks on Strait of Hormuz ships (CNBC)

• Texas board approves Bible stories as required reading in public schools (NPR)

• Texas Public School Students Will Be Required to Read the Bible (NYT)

• Why Americans should fear lame-duck Donald Trump (The Hill)

• Nursing homes, factory owners and immigrants brace for fallout from Supreme Court ruling (WP)

• In a blistering dissent in the Mullin v. Doe case, Justice Elena Kagan put President Donald Trump’s most racist and inflammatory remarks over the last decade about Haitians into permanent record, blasting her conservative colleagues on the bench for refusing to “put them in print.” Meanwhile, Justice Sonia Sotomayor warned that “people will die” as a result of the court’s ruling that strips legal rights from asylum-seekers. [HuffPost]

• How the Supreme Court Decision Upends Life for Thousands of Migrants (NYT)

• Inflation jumps again with gas prices running higher than in past years (AP)

• Venezuela reels from earthquakes, as death toll more than doubles (NPR)

• Ex-Trump adviser John Bolton pleads guilty to mishandling classified information (NBC)

• Heat wave blasting Europe is the worst ever recorded, researchers say (WP)

• The killer heat engulfing Europe would have been "virtually ‌impossible" without climate change (Reuters)

• Global imbalances have little to do with Europe’s industrial woes (Economist)

• Sanders releases trove of internal HHS emails showing RFK Jr. pressured CDC over vaccine messaging (The Hill)

• California Will Vote on a Billionaire Tax. Billionaires Aren’t Happy. (NYT)

• What science tells us about the health risks of Roundup (PBS)

• As Trump Dismantles USAID, Washington Embraces Octagon Diplomacy (SmirkingChimp)

• Trump May Have Damaged Reflecting Pool by Having Motorcade Drive Over It (Newsweek)

• When your local reflecting pool or pond turns green with algae, don’t reach for chemicals – nature has better solutions (The Conversation)

• Mistrial for Man Accused of Starting One of California’s Worst Fires (NYT)

• Vance dismisses Watergate scandal, says ‘deep state’ went after Nixon (WP)

• Why big AI labs are hiring so many philosophers (Economist)

• AI leaders would like to stop racing. Let’s make that possible. (The Hill)

• In AI race vs. U.S., China eyes victory in lower prices and broader appeal (WP)

• Travis Kelce Utters 2 Syllables Of Wedding Venue Name Before Tranq Dart Strikes Neck (The Onion)

Friday Mix

HEADLINES:

• Iran Attacks Cargo Ship, Testing Trump’s Deal to Reopen Strait (WSJ)

• Federal Judge Strikes Key Parts of Trump Order Restricting Mail Voting (NYT)

• Meet the megadonors pouring more than $1.3 billion into the 2026 election (WP)

• Supreme Court allows immigration officials to turn away asylum seekers at the border (Politico)

• Trump’s Mass Deportation Machine Won Big at the Supreme Court (Slate)

• Venezuela earthquakes live: Hundreds killed, thousands injured, many buried (Al Jazeera)

• Reflecting Pool liner was cut with a sharp knife or razor, National Park Service says (PBS)

• Oil tankers exit Strait of Hormuz despite Iran threats (The Hill)

• Senate walks back rebuke of Trump over Iran war (CNN)

• Why Trump is so annoyed by Republican discord on Iran war (BBC)

• Supreme Court ruling blocks thousands of lawsuits against maker of Roundup weedkiller (NBC)

• Vermont is first state to ban paraquat, a weed killer linked to Parkinson’s disease (ABC)

• Trump Is Making the 250th Small (Atlantic)

• Crowds Walk Out of Trump’s State Fair Speech, Video Appears to Show (Newsweek)

• UPS is losing ground to FedEx (Economist)

• Afghanistan’s Taliban imposes smartphone ban on government officials (MoneyControl)

• Droughts are transforming the Turkish landscape with massive sinkholes (BBC)

• Scientists have just unlocked the secrets of an ancient scroll torched by Mount Vesuvius (WP)

• Meta culpa (BI)

• As scientists seek clues to longevity, the oldest living trio of siblings in the world may help them. (Reuters)

• How a New York race became the first front in the AI industry’s midterm war (WP)

• Big Companies Aim to Ease A.I. Transition for American Workers (NYT)

• World Models vs VLAs: The Rift Dividing Physical AI (The Information)

• Everyone is worried about AI killing jobs. She’s testing a fix-it plan. (WP)

• Could A.I. Find Brazil’s Next Pelé? (NYT)

• French Reporter Illustrates Extreme Heat By Flambéing Cherries Jubilee On Sidewalk (Onion)

Land of Immigrants

They come from every corner of the world, carrying flags and whistles, banners and bells.

They’re wearing the jerseys of their heroes and they are here to cheer them on with songs and chants and wild celebrations when they score goals and win games.

They are livening up our bars and restaurants. They turn up at baseball games, looking slightly out of place.

For the most part, they are good-natured and curious about Americans.

They wonder how we can be led by a man like Trump, who stokes fear about foreigners and spreads rumors about Haitians eating our pets. (Meanwhile, the actual Haitians rooting for their heroes could not be more delightful guests.)

Welcome to America, land of contradictions. Where the Supreme Court sided with Trump today to stop those coming not in joy, but in desperation, at our borders.

Go elsewhere, they said.

HEADLINES:

• Supreme Court Allows Trump to Block Asylum Seekers at Border (NYT)

• Trump cancels signing of landmark bipartisan bill aimed at lowering housing costs (BBC)

• Trump gets into shouting match during closed-door lunch with GOP senators (CNN)

• Federal Judge Bars ICE From Making Arrests in Immigration Courts (NYT)

• Presidential power takes center stage in the US Supreme Court's home stretch. (Reuters)

• 2 Major Earthquakes Hit Venezuela (NYT)

• Why Trump’s algae problem is much bigger than the Reflecting Pool (WP)

• Supreme Court Rejects Lawsuit Alleging Roundup Weedkiller Caused Cancer (NYT)

• China’s Assertions of Authority Over Foreign Ships Near Taiwan Draw U.S. Rebuke (WSJ)

• Texas water officials seek more funding as crisis worsens, costs soar: ‘This is not going to stop’ (The Hill)

• Power outages hit France as it records hottest day since measurements began (BBC)

• Trump’s acting chief of national intelligence fires 6 political appointees, removes dozens of career officials, sources say (CNN)

• Why reporters don’t belong in front of grand juries (WP)

• Would Claude Refuse an Illegal Military Order? (Atlantic)

• Behind the Curtain: Global AI wars (Axios)

• Are ChatGPT and other AI bots politically biased? We tested them. (WP)

• U.S. Presses Meta to Agree to A.I. Reviews as Security Concerns Rise (NYT)

• Beer Delivery Driver Points Trembling Shotgun As Crowd Of Scottish Soccer Fans Close In (Onion)