Individual Economists

Ford Recalling 850,000 Vehicles For Fuel Pump Failure

Zero Hedge -

Ford Recalling 850,000 Vehicles For Fuel Pump Failure

Ford is recalling over 850,000 vehicles in the U.S. due to a faulty low-pressure fuel pump that could fail and cause engine stalls, increasing crash risk, according to AP.

The recall includes various recent Ford and Lincoln models, such as the Bronco, Explorer, F-150, Aviator, and Navigator, according to the National Highway Traffic Safety Administration.

AP writes that starting July 14, Ford will notify affected owners about the issue, though a fix is still in development. A second notice will be sent once the repair is available, which will be free of charge.

Ford just launched its new “Zero-Zero-Zero” summer sales event to ease upfront vehicle costs amid rising interest rates and growing tariff pressures.

The campaign—starting July 8—offers zero down payment, 0% interest for 48 months, and no payments for 90 days on most Ford and Lincoln models.

This initiative follows the “From America, For America” employee pricing strategy, which helped boost Q2 sales (Ford up 14.2%, Lincoln up 31%).

The move comes as tariffs have begun to impact Ford’s pricing. Vehicles like the Maverick, Mustang Mach-E, and Bronco Sport—built in Mexico—are now subject to a 25% import tariff, prompting Ford to raise prices on those models. Additionally, tariff-related increases in parts costs could affect other vehicles across Ford’s lineup.

Recall we wrote weeks ago that tariffs would cost auto consumers an extra $2000 per vehicle. 

General Motors and Ford have projected tariff-related hits of $5 billion and $2.5 billion, respectively, and plan to offset some of it through price hikes. This could result in around 1 million fewer cars sold in the U.S. over the next three years. AlixPartners sees a rebound, projecting U.S. auto sales to hit 17 million by 2030.

Tyler Durden Sat, 07/12/2025 - 08:45

Schedule for Week of July 13, 2025

Calculated Risk -

The key reports this week are June CPI, Retail Sales and Housing Starts.

For manufacturing, the June Industrial Production report and the July New York and Philly Fed manufacturing surveys will be released.

----- Monday, July 14th -----
No major economic releases scheduled.

----- Tuesday, July 15th -----
8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.3% increase in core CPI.  The consensus is for CPI to be up 2.6% year-over-year and core CPI to be up 2.9% YoY.

8:30 AM: The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of -10.1, up from -16.0.

----- Wednesday, July 16th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The Producer Price Index for June from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.2% increase in core PPI.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for June.

This graph shows industrial production since 1967.

The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to be unchanged at 77.4%.

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

----- Thursday, July 17th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for initial claims to decrease to 225 thousand from 227 thousand last week.

Retail Sales8:30 AM: Retail sales for June is scheduled to be released.  The consensus is for a 0.2% increase in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

8:30 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of -0.5, up from -4.0.

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 33, up from 32. Any number below 50 indicates that more builders view sales conditions as poor than good.

10:00 AM: Speech, Fed Governor Adriana Kugler, A View of the Housing Market and U.S. Economic Outlook, At the Housing Partnership Network Symposium, Washington, D.C.

----- Friday, July 18th -----
Multi Housing Starts and Single Family Housing Starts8:30 AM ET: Housing Starts for June.

This graph shows single and multi-family housing starts since 2000.

The consensus is for 1.300 million SAAR, up from 1.256 million SAAR in May.

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for July).

10:00 AM: State Employment and Unemployment (Monthly) for June 2025

Turkey's Outlawed PKK Begins 'Symbolic' Disarmament By Burning Weapons

Zero Hedge -

Turkey's Outlawed PKK Begins 'Symbolic' Disarmament By Burning Weapons

Via The Cradle

A group of fighters from the Kurdistan Workers Party (PKK) laid down their arms on Friday during a disarmament ceremony in Iraq’s northern Kurdistan region, coinciding with continued Turkish attacks on the organization despite months of a ceasefire between the historic rivals. 

Just 30 minutes into the ceremony, the Turkish army launched air attacks on villages in the Amediya district of Dohuk province in north Iraq. The small ceremony was held on Friday near the province of Sulaimaniya. Twenty to 30 PKK fighters destroyed their weapons in a symbolic gesture, rather than surrender them to authorities

Via X

Images on social media showed the militants placing their guns in a fire pit, ready to be lit. 

The group “comprised around 30 fighters who laid down weapons including AK-47s, PKM machine guns, and sniper rifles,” informed sources told Kurdish news outlet Rudaw.  

The fighters affirmed during the ceremony their commitment to democratic political engagement aimed at securing Kurdish rights in Turkey.

In a statement, the group of PKK fighters – identifying themselves as the Group for Peace and Democratic Society – said they disarmed to “ensure the practical success of ‘Peace and Democratic Society’ process, to wage our freedom, democracy and socialist struggle with methods of legal and democratic politics on the basis of enacting laws for democratic integration.”

They said their destruction of the arms was “a step of goodwill and determination.” Ankara welcomed the step, with Turkish President Recep Tayyip Erdogan describing it as “totally ripping off and throwing away the bloody shackles that were put on our country’s legs.” He added that the move would benefit the region. 

In the weeks leading up to the ceremony, Turkish attacks continued to target Kurdish areas of northern Iraq, according to a war monitor.

The US-based Community Peacemaker Teams (CPT) said on Thursday that “Turkish military strikes and operations have remained steady – though increasingly concentrated in specific areas – even as a disarmament ceremony approaches this Friday.”

“Turkish military strikes have remained steady and concentrated – though notably, no civilian casualties have been reported – since their surge in May. In June, bombardments and attacks increased by just eight percent compared to the previous month but continue to exceed levels observed prior to the ceasefire,” CPT said. 

“Notably, 98 percent of strikes and shelling occurred within the Duhok governorate, specifically in the Amedi district, a stark contrast to previous years when Turkish offensives were more geographically dispersed,” it added. 

Between June 1 and June 30, at least 550 bombings and strikes were documented in the Iraqi Kurdistan region, the monitor went on to say.

The PKK has been engaged in a guerrilla campaign against Turkiye for decades. Its leader, Abdullah Ocalan, is currently serving a life sentence in prison on the Turkish island of Imrali. In February, Ocalan issued a call for the PKK to lay down its arms

The group has been holding talks on the matter with the pro-Kurdish Peoples' Equality and Democracy Party (DEM) in Turkiye. It has demanded legal and political guarantees in exchange for disarming, including constitutional reforms and equal rights for Kurds in Turkiye. It is also hoping for an eventual release of its leader from Turkish prison.

Ocalan reiterated his call in a video message released on 9 July, declaring that the Kurdish militant group’s decades-long armed struggle against Turkiye has come to an end. On March 1, the PKK declared an immediate ceasefire in its insurgency against the Turkish state, in line with Ocalan’s call in February. 

The PKK is very closely linked to the US-backed Syrian Democratic Forces (SDF) in Syria, which earlier this year signed a deal with Damascus to integrate into the new Syrian military. The integration has yet to take place. Ankara has urged the SDF to quit “stalling” and integrate with Damascus’s forces immediately.

Tyler Durden Sat, 07/12/2025 - 08:10

10 Weekend Reads

The Big Picture -

The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat outside, and get ready for our longer-form weekend reads:

Free-market economics is working surprisingly well: Which economic approach works depends a lot on where you start from. (Noahpinion)

ETFs Are Eating the World. The Right—and Wrong—Ways to Invest.  More than 700 ETFs launched last year, including ones that hold crypto or make leveraged bets on individual stocks like Nvidia. How to make sense of it all. (Barron’s) see also How Index-Fund Investing Turned Into an Extreme Sport: Exchange-traded funds are becoming far more concentrated, amplifying risks. (Wall Street Journal)

How Far Will AI Video Go? Mapping Out the Scenarios: The last 10-15 years in video1 have been defined by the disruption of content distribution and the next 10 years are poised to be defined by the disruption of content creation. (The Mediator)

Meet the Army of Staffers Who Manage the Mansions of the Ultrarich: It takes a village—and sometimes millions of dollars—to keep luxury properties running smoothly. (Wall Street Journal)

The Ruthless Ambition of Stephen Miller: Mr. Miller, 39, is both a committed ideologue and a ruthless bureaucratic operator — and he has cast himself as the only person capable of fully carrying out Mr. Trump’s radical policy vision. (New York Times)

The Geological Sublime: Butterflies, deep time, and climate change. (Harper’s Magazine)

Our Privacy Expert Tried, and Failed, to Disappear From the Internet: As a privacy journalist, I have given all manner of advice for how to secure and obscure an online life, but I’d never undertaken a project that extends the idea of privacy to its logical conclusion: by disappearing completely. So I set out to erase my online life. I failed (New York Times) see also How to Disappear: Inside the world of extreme-privacy consultants, who, for the right fee, will make you and your personal information very hard to find (The Atlantic)

The French Seaside Factory Trying to Break China’s Chokehold on Rare Earths: The continent wants to reduce the risks of depending so heavily on China for the valuable minerals. The question is how. (New York Times)

From the Glass King to QAnon: A long time ago, a French king believed he was made out of glass. Here’s his story, why it matters—and how it can help us understand modern delusions such as QAnon or insane anti-vax theories. (The Garden of the Forking Paths) see also The French liar: René Descartes, the founder of modern philosophy, was furiously condemned by his contemporaries. Why did they fear him? (Aeon)

Is Gary Shteyngart One of the Last Novelists to Make Real Money From the Craft? Mr. Shteyngart was once told he might be. With his sixth novel, “Vera, or Faith,” out now, he’s spent the last few years spending it well. (New York Times)

Be sure to check out our Masters in Business rhis week with Richard Bernstein, founder of RBA. The firm focuses on Macro trends, and manages (or advises on) $15.7B AUM. Previously, he was Chief Investment Strategist at Merrill Lynch from 1988-2009. Bernstein was named to Institutional Investor’s “All-America Research Team” 18X, and inducted into the Institutional Investor “Hall of Fame.”

 

The bond market is pricing in slowing growth; the stock market is pricing in growth is about to accelerate…

Source: Apollo

 

Sign up for our reads-only mailing list here.

~~~

To learn how these reads are assembled each day, please see this.

 

The post 10 Weekend Reads appeared first on The Big Picture.

Conservative Creators: Don’t Let The Liberal Entertainment Crisis Go To Waste

Zero Hedge -

Conservative Creators: Don’t Let The Liberal Entertainment Crisis Go To Waste

Authored by Brandon Smith via Alt-Market.us

We’ve all heard the argument before – “Liberals are the ‘creatives’ in western culture and conservatives have no imagination”. And, if you only use venues like the Hollywood film industry or maybe the New York art and literature scenes as examples, then this claim might appear to have validity. After all, the vast majority of filmmakers, writers, actors and artists today are rabidly progressive. It’s hard to find a single conservative among them.

Of course, the argument falls apart when we look back to the artists and musical geniuses of the Renaissance, or the great writers and poets of the early industrial age. In fact, for centuries the creative world was dominated by conservative and Christian powerhouses. It wasn’t until the quiet leftist invasion of media starting in the 1940s (which was stalled by McCarthy) and the eventual takeover in the 1970s that “art” became the exclusive domain of progressives.

How did this happen? How did conservatives get pushed out of the creative world?

Well, they’re still around; thousands upon thousands of them. However, the art world and the realm of entertainment are largely dictated by corporate dollars. Wealthy benefactors used to PAY conservative artists and commissioned great works. Now, they don’t. Whoever gets the money gets the exposure, and liberal artists get the money. It’s not about merit, it’s about ideology and politics.

Try to be a new talent with openly conservative views in mainstream film, television, fiction writing, comic books, painting, music, etc. Watch how quickly you are added to the blacklist and how quickly you disappear regardless of how brilliant your work is. It’s not a conspiracy theory, it’s observable fact.

There are numerous case studies of conservatives in Hollywood being buried by the industry. In literature the progressives learned how to control the bottleneck – Nearly all literary agencies are run by leftists (and women), and if you can’t get representation for your book then it won’t get nationally published.

A common argument among leftists (or idiots) is that women simply read far more and so books that cater to female consumers get the green light. It’s the “free market” – Don’t you support the free market?

In reality, the woke takeover of literature came first. And, now that books are rarely written by men for men, male readers have no market to tap into. The problem has become so epidemic that a literary company in Britain called Conduit Books announced that they are going to focus on male writers for the foreseeable future. And guess what happened? Mobs of leftists and the corporate media attacked them, arguing that men had their time and now is the time for women to “have a voice”.

In other words, male writers (let alone male conservative writers) aren’t even allowed to have ONE company that supports their work.

As the Gamergate movement exposed, woke activists hijacked gaming by extorting companies with threats of cancellation. They then organized “consultation” groups (like Sweet Baby Inc.) that invaded the industry and injected woke narratives into every new product. Conservatives are persona non grata in the AAA game development space.

Comic books have been utterly destroyed by the political left. An army of feminists and LGBT activists now control every aspect of the comic industry and American comics no longer sell because of woke politics. Did the market die? No, customers simply moved on to the alternatives. Japanese Manga dominates the comic market today with sales that dwarf American comics. In 2021, total US comic sales hit $2.07 billion, with $1.47 billion of that being manga.

These are just a few examples of how leftists act as gatekeepers in creative markets. For decades they have dictated who gets exposure and who doesn’t. And you know whose fault it is? It’s ours.

For many years I have listened to conservatives dismiss pop culture as “kids stuff” and not important compared to politics. Meanwhile, woke saboteurs were slithering into every corner of the entertainment world and planting their degenerate notions into every movie, every show, every song, every book, everywhere you look their cultism is rampant. You can’t get away from it and we allowed this to happen because we weren’t paying attention.

Luckily, a counter-movement has formed and the vast effort to stop wokeness in media has been largely effective in organizing boycotts. In the past few years nearly every entertainment platform that produces woke material is dying.

In movies, production companies are forced to reduce or completely cut out woke messaging in order to draw an audience. The problem is, the leftists still stand guard at the gates. Conservatives still aren’t getting access to media markets, which means all we are going to get for years to come is progressive slop, or productions that avoid wokeness but remain mediocre.

My fear is that audiences will simply settle for mediocre as a replacement for woke; that people will throw up their hands and give up on quality in art and entertainment as long as they’re no longer bombarded with DEI. It basically means the the death of creativity in the west.

So what’s the solution?

It seems so obvious to me that it’s painful, but maybe conservative creators are so despondent that they’ve given up. The internet and social media offer immense opportunities for independent content creation, but this is not enough. Audiences and investors need to put cash and support behind the alternative content industry.

Just as great Christian artists were once given the ability to conjure historic works of grandeur because of commissions, there needs to be a movement to focus production and distribution back into conservative hands.

The crisis in liberal entertainment cannot be allowed to go to waste. Never before has the progressive media juggernaut been as weak as it has been in the last few years. Now is the time to take the culture back. Not necessarily by forcing conservative politics into movies and books, but by creating meaningful and powerful art again; art that removes the stains of wokeness.

Films and short form fictional content are incredibly cheap to make and distribute compared to 20 years ago. I have always loved the artform of film but when I started writing in the early 2000s the field was prohibitively expensive and digital cameras were in their infancy. Even making a short film could bankrupt the average twenty-something artist with a tight budget.

Today, you can get near Hollywood quality digital cameras, lighting, editing, sound, etc, for well under $10,000. Maybe half that price if you buy used. All you need is a good idea and the will to make it happen. Price is no longer a factor like it once was.

I will say, though, that conservative filmmakers need some kind of venue to tap into – Maybe a yearly short film contest or a screenplay competition. Someone needs to step up and provide an arena where conservative creators can compete for greater opportunities beyond some cash from YouTube.

In literature I suspect the crusade will be much more difficult, unless companies with weight and money step in to launch a conservative renaissance in fiction. Self publishing is definitely an option but reach without marketing is limited. The most successful creators will be those with a preexisting audience. A lot of brilliant writers will fall by the wayside because they don’t already have an online presence.

Indie video games are in the wild west phase and there are some incredible success stories out there.  As the technology becomes more accessible I suspect leftists will lose their hold on development.  It may take another few years, though.

I believe comic books is one area that is BEGGING for revitalization and new blood. As noted, the market is huge. American readers are hungry for good stories, they just aren’t finding them at Marvel and DC because of the woke takeover. No one wants to buy leftist drivel.

American comic creators like Eric July have proved that the industry can be saved. His libertarian/conservative “Rippaverse” project has garnered a lot of attention (and a lot of hate) for offering non-woke comic books and he has shown that there is a steady audience for this kind of content.

I’m adding my own limited contribution to the fight with my action/horror graphic novel ‘Mountain Hollow’ which is now in print. A story about a survivalist who fights a guerrilla war against an interdimensional evil. Here’s a promo video for my book:

Anyone interested in purchasing a copy can BUY ONE HERE.

I think most people accept the prevailing theory that the political left, with the help of NGOs and even governments, has steamrolled into the cultural zeitgeist with the goal of saturating our media with as much propaganda as possible. Perhaps they they thought we would be so overwhelmed that we would give up and embrace their ideology as the “new normal”.

However, I would suggest that this was only part of their plan. Their secondary goal was to deconstruct western pop-culture should they fail to control it. In other words, if they can’t have it, they would rather burn it all down to the ground so that no one else can have it. And I have to admit that they are winning when it comes to destroying what remains of our entertainment. The options today look bleak.

Stories and art are not simply about fantasy and escapism – They are the catalyst by which a civilization passes on its principles, its ideas, its dreams, its lessons and its morals. Leftists understand this all too well. For some reason conservatives are late to the party. There is still time to save our culture from being cast into the pit of despair.

We only require an organized effort that provides support to conservative art; a new Renaissance which resurrects the values of merit, talent, hard work and conscience.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden Fri, 07/11/2025 - 23:05

These Are 2025's 'Most Livable' Cities

Zero Hedge -

These Are 2025's 'Most Livable' Cities

Every year, The Economist ranks cities around the world on livability, based on factors including crime and conflict to public transportation and education.

This map, via Visual Capitalist's Kayla Zhu, shows the 10 most livable cities in the world, according to The Economist Intelligence Unit’s Global Liveability Index 2025.

The index ranks cities on over 30 factors across five categories to determine their overall livability. Factors include:

  • Stability: Prevalence of crime, terror, military conflict, civil unrest/conflict

  • Healthcare: Availability and quality of private and public healthcare, general healthcare indicators

  • Culture and environment: Humidity/temperature rating, cultural and sporting availability, social or religious restrictions

  • Education: Availability and quality of private education, public education indicators

  • Infrastructure: Quality of road network, public transport, international links, availability of good housing

What is the Most Livable City in the World?

Below, we show the 10 most livable cities in the world according to The Economist, and their livability scores.

Copenhagen was ranked the most livable city in the world, ending Vienna’s three-year streak at the top of the rankings.

Denmark’s capital city scored perfect 100s across stability, education, and infrastructure, with an overall score of 98.

Vienna and Zurich tied for second with scores of 97.1. Switzerland—which had two cities rank in the top 10 for livability—also ranked first as the top migration destination to live and work in for 2025.

Vienna saw its scores for stability drop dramatically in the wake of a bomb threat before a Taylor Swift concert (later cancelled), and a planned attack on a city train station in 2025.

Overall, cities in Western Europe and Asia-Pacific continue to dominate the top of the rankings.

Vancouver, Canada is now the only North American city in the top 10, after Calgary saw the biggest drop in ranking, falling from fifth in 2024 to 18th in 2025 due to declines in its healthcare scores.

The average score for livability in 2025 was 76.1 out of 100, the same as 2024. However, scores in the stability category have continue to decline amid widespread geopolitical tension and civil unrest around the world.

To compare this list with last year’s livability rankings, check out the 2024 graphic here.

Tyler Durden Fri, 07/11/2025 - 22:40

China Reports Worst Producer Deflation In 2 Years Amid Ongoing Trade Uncertainty

Zero Hedge -

China Reports Worst Producer Deflation In 2 Years Amid Ongoing Trade Uncertainty

Authored by Lily Zhou via The Epoch Times (emphasis ours),

China’s factory-gate prices in June saw the biggest fall in two years amid uncertainty in international trade and weak domestic demand.

A worker moves pieces of steel machinery at a manufacturing company in Hangzhou, Zhejiang Province, China, on June 16, 2025. AFP via Getty Images

According to figures released on July 9 by China’s National Bureau of Statistics, the producer price index for industrial products in June fell by 3.6 percent compared with the same month in 2024—worse than a 3.3 percent drop in May, and the biggest annual decline since July 2023.

The month’s purchasing price index for industrial products fell by 4.3 percent year over year, bigger than the 3.6 percent drop in May, and the sharpest decline since August 2023.

According to Dong Lijuan, statistician at the National Bureau of Statistics, the producer price index deflation in June was driven by cheaper energy prices, uncertainties in international trade, and hot and wet weather that drove down the price of building materials.

Sectors that rely on exports faced more downward pressure in prices, she said.

The prices of computers, communication equipment, and other electronic equipment in June dropped by 0.4 percent [compared to May], the prices of electrical machinery and equipment fell by 0.2 percent, and textile prices fell by 0.2 percent,” she said.

In annual terms, the prices of computers, communication equipment, and other electronic equipment fell by 2.3 percent.

China’s factory activity shrank for a third month in a row in June, albeit at a slower pace, with employment and new export orders still languishing.

“We expect demand to weaken later this year, as exports slow and the boost from fiscal support diminishes,” Zichun Huang, China economist at Capital Economics, said.

Market reaction to the data was cautious amid uncertainties in the trade war between the United States and other economies. China’s Shanghai Composite Index was up by 0.3 percent by the midday break, while Hong Kong’s benchmark Hang Seng Index traded down by 0.7 percent.

As subdued domestic demand remains a drag on China’s economy, companies have resorted to price discounts to boost sales, prompting the authorities to urge an end to the auto industry’s bruising price wars.

Highlighting the tepid consumer market, Chinese e-commerce giants Alibaba and JD.com have pledged heavy subsidies over recent months to expand aggressively into fast deliveries.

Consumer prices rose by 0.1 percent compared with the same month in 2024, following four months of deflation.

Consumer inflation is likely to remain near zero for the rest of the year, as structural adjustment continues slowly, with consumer demand weighed by the protracted property downturn and worries over the jobs market,” Duncan Wrigley, chief China economist at Pantheon Macroeconomics, said.

He also said that trade tensions between Washington and Beijing are likely to continue despite the recent framework agreement.

“More flare-ups are likely and cooling export growth will add to downward price pressure in manufactured goods sectors,” he said.

According to supply chain technology provider Descartes, U.S. container imports from China were about 639,300 20-foot equivalent units in June, slightly up (0.4 percent) from May, but a 28.3 percent decline from June 2024.

The company said it expects that “China’s share of U.S. imports may remain under pressure through the second half of 2025,” with the upcoming expirations of U.S. tariff pauses extended to Aug. 1 and the trade truce with China on Aug. 12, and with additional U.S. tariffs on transshipped goods via Vietnam.

Reuters contributed to this report.

Tyler Durden Fri, 07/11/2025 - 22:15

"Now That Is A Coronal Hole. Whoa Momma." 

Zero Hedge -

"Now That Is A Coronal Hole. Whoa Momma." 

Ben Davidson of Space Weather News issued a warning on X overnight about an Earth-facing coronal hole that could eject fast-moving solar wind toward Earth, potentially triggering elevated geomagnetic activity, including auroras and geomagnetic storms. The high-speed stream is expected to reach Earth within days.

"Now THAT is a coronal hole. Whoa momma," Davidson said, adding,"Excess magnitude/volcanic watch is in play now. Solar wind enhancement expected Saturday/Sunday/Monday."

Solarham, a solar storm monitoring website, warned, "The onset of a coronal hole stream was not expected until within the next few days." 

On Thursday, Solarham described the "Coronal Hole to Face Earth" that will begin impact Earth this weekend:

A large coronal hole will begin to face Earth this weekend. A solar wind stream flowing from this zone is expected to reach Earth beginning July 12th with the main influence by July 13/14. It is possible that a geomagnetic storm watch will be issued in the days ahead.

As of Friday morning, Solarham data shows all quiet across the Western Hemisphere. 

For context, disturbances in Earth's magnetosphere—triggered by solar activity such as coronal mass ejections (CMEs)—can impact the modern economy in multiple ways, including degrading satellite systems and GPS, disrupting power grids and high-frequency communications, and more.

A Carrington-class storm would be absolutely catastrophic for the world, potentially causing trillions of dollars in economic damage globally.

Can you guess which US power grid is most at risk? Find out here...

Tyler Durden Fri, 07/11/2025 - 21:50

'Global War on Terror' Is Over. Terror Won.

Zero Hedge -

'Global War on Terror' Is Over. Terror Won.

Authored by Daniel McAdams via RPI,

On Sept. 16, 2001, five days after the attacks on New York and Washington, DC, President George W. Bush declared, “This crusade – this war on terrorism – is going to take a while. And the American people must be patient. I’m going to be patient. But I can assure the American people I am determined.”

Four days after that, President Bush declared the “war on terror” to be primarily against al-Qaeda. “Our war on terror begins with al Qaeda,” he said in an address to Congress and the nation, “but it does not end there. It will not end until every terrorist group of global reach has been found, stopped and defeated.”

He described the enemy thus:

This group and its leader — a person named Osama bin Laden — are linked to many other organizations in different countries, including the Egyptian Islamic Jihad and the Islamic Movement of Uzbekistan.  There are thousands of these terrorists in more than 60 countries.

Bush was correct in his assessment of the group.

One of those countries into which al-Qaeda jihadists implanted themselves was Syria, where from 2011 – with the support of the Obama Administration – they attempted to overthrow the secular leader, Bashar al-Assad, using terrorist tactics they had been well-trained in.

They soon changed their name – but not their stripes – and became the Al-Nusra Front, headed up by an experienced jihadist who fought against US troops in Iraq by the name of Abu Mohammad al-Jolani. His group was known for chopping off heads. Perhaps even American heads.

Last December Jolani’s jihadists – with support from the US, Turkey, and Israel – finally brought down the Assad government and quicker than you can say “Washington PR makeover” he clipped his beardswitched out his tactical military watch for a $90,000 Patek Philippe World Time Chronograph, and declared himself president.

The “civilized world” cheered the re-emergence of democracy in Syria!

At their first meeting earlier this year in Saudi Arabia, President Trump praised jihadist Jolani as “a young, attractive fellow” and “a tough guy, a fighter, with a very strong background. He has a lot of potential, he’s a real leader.”

This was a US-designated global terrorist with a $10 million bounty placed on his head by the US authorities. His “wanted” poster STILL remains on the X account of the US Embassy in Syria!

This week, President Trump “removed sanctions on Jolani’s Syria at (Israeli Prime Minister) Netanyahu’s request,” and just yesterday Secretary of State removed Jolani’s old al-Qaeda affiliate (which had gone from al-Nusra to HTS over the years) from the US terrorist list.

As one observer on X quipped:

The history of the GWOT (Global War on Terror) began in 2001 with the US invading Afghanistan to dig out Al Qaeda. It ends twenty-four years later with the US recognizing an AQ affiliate as the new ruler of Syria.

According to Brown University’s Cost of War Project, the “Global War on Terror” cost the American people at least eight trillion dollars. It also took the lives of perhaps a million people.

And what did we get for all this blood and treasure? In Afghanistan, the Taliban were after 20 years of US military action replaced by the Taliban, and in Syria a fierce opponent of al-Qaeda was replaced by…al-Qaeda!

As Jake Sullivan, then right hand to Secretary of State Hillary Clinton, wrote to the Secretary in 2012, “al-Qaeda is on our side in Syria.” He wasn’t joking!

That was the shot…here’s the chaser: In the same week the United States removed sanctions on al-Qaeda ruled Syria, it placed sanctions on…UN Special Rapporteur on the occupied Palestinian territories Francesca Albanese!

Who is Albanese? She is the fearless defender of human life in a Gaza where it is slowly being extinguished by Israel with the backing (and weapons) of the US government.

In hitting UN human rights defender Albanese with sanctions, US Secretary of State Marco Rubio wrote:

Today I am imposing sanctions on UN Human Rights Council Special Rapporteur Francesca Albanese for her illegitimate and shameful efforts to prompt @IntlCrimCourt action against U.S. and Israeli officials, companies, and executives.

Albanese’s campaign of political and economic warfare against the United States and Israel will no longer be tolerated. We will always stand by our partners in their right to self-defense.

The United States will continue to take whatever actions we deem necessary to respond to lawfare and protect our sovereignty and that of our allies. (emphasis added)

What might those “whatever actions” be? Clearly it is a physical threat against Albanese for speaking out against a mass murder happening in real time, observable for all who wish to do so on our own computer screens.

So that is it. The “Global War on Terror” is over. Terrorists have been elevated by the US government to be heads of state and those who speak out against state terrorism are threatened with “whatever actions we deem necessary” to shut them up.

Tyler Durden Fri, 07/11/2025 - 21:25

FBI's 'Raw' Epstein Prison Video Was Likely Doctored: Wired

Zero Hedge -

FBI's 'Raw' Epstein Prison Video Was Likely Doctored: Wired

In an effort to quell longstanding theories surrounding the death of Jeffrey Epstein, the U.S. Department of Justice this week released nearly 11 hours of what it described as “full raw” surveillance footage from outside Epstein’s prison cell. Instead of ending speculation, the release has introduced new doubts.

According to an analysis conducted by WIRED in collaboration with independent video forensics experts, metadata embedded in the files shows the footage was not a direct export from the prison’s surveillance system. Rather, it appears to have been modified - likely using Adobe Premiere Pro, a professional video editing tool.

The file, investigators say, was assembled from at least two source clips, saved multiple times, exported, and then uploaded to the DOJ’s website, where it was labeled “raw” footage.

"If a lawyer brought me this file and asked if it was suitable for court, I’d say no. Go back to the source. Do it right," said Hany Farid, a professor at UC Berkeley whose research focuses on digital forensics and misinformation. "Do a direct export from the original system—no monkey business."

Farid also questioned why the video’s aspect ratio shifted during playback. "Why am I suddenly seeing a different aspect ratio?" he asked.

While experts emphasize that the metadata alone does not prove deceptive intent, they caution that the DOJ’s failure to explain the editing process adds to the cloud of suspicion that has long surrounded Epstein’s 2019 death in federal custody.

Earlier this week, the DOJ released a memo concluding that Epstein had 'no incriminating client list' and wasn't murdered later releasing the footage in question. 

According to Wired, "the video may have simply been processed for public release using available software, with no modifications beyond stitching together two clips. But the absence of a clear explanation for the processing of the file using professional editing software complicates the Justice Department’s narrative."

For months leading up to the joint memo the DOJ and FBI published Monday, attorney general Pam Bondi had promised the release of records related to Epstein, raising expectations that new, potentially incriminating details might surface about the disgraced financier’s death and his ties to powerful individuals. However, rather than revealing new information, the memo largely confirmed conclusions reached years earlier: that Epstein was found in a Manhattan prison cell on August 10, 2019, and died by suicide while awaiting trial on sex trafficking charges.

To support its conclusion, the FBI reviewed surveillance footage overlooking the common area of the Special Housing Unit (SHU) at the Metropolitan Correctional Center (MCC), where Epstein was held. The FBI enhanced the footage by adjusting contrast, color, and sharpness, and released both the enhanced and what it described as the “raw” version. Both versions of the video appear to have been processed using Premiere and include much of the same metadata. According to the FBI, anyone entering the area containing Epstein’s cell during the relevant time frame would have been visible on that camera. -Wired

According to the metadata from the "raw" file reveals that the video had been saved at least four times on May 23, 2025, by a Windows user named "MJCOLE~1." The footage references two source clips—“2025-05-22 21-12-48.mp4” and “2025-05-22 16-35-21.mp4” - and Premiere project files, indicating that it was a composite video.

One media forensics expert, who reviewed the metadata and asked not to be named, told Wired “It looks suspicious - but not as suspicious as the DOJ refusing to answer basic questions about it.”

The Department’s handling of the footage has also drawn criticism in light of previous issues at MCC. According to a 2023 report from the DOJ’s Office of the Inspector General, starting on July 29, 2019 - less than two weeks before Epstein’s death - around half of MCC’s 150 analog surveillance cameras stopped recording due to a technical error. Repairs scheduled for the night of August 9 were not carried out because the technician lacked an escort.

Only two cameras were operational in the SHU area at the time Epstein was found hanged: one near the entrance to the 10 South Unit and one by a ninth-floor elevator bay. Neither covered Epstein’s cell door.

What's more there was a notable gap in the recording: one minute of footage, from 11:58:58 p.m. to 12:00:00 a.m., is missing. The recording resumes immediately afterward.

At a press conference Tuesday, Attorney General Pam Bondi attributed the missing minute to a daily system cycle, claiming that one minute is missing from every night’s recording.

For months, Bondi had promised that the DOJ would release records that could shed light on Epstein’s death. But the new video and memo “largely confirmed conclusions reached years earlier,” WIRED noted, leaving many observers unsatisfied.

Tyler Durden Fri, 07/11/2025 - 21:00

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