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The Department of Government Efficiency (DOGE) said Friday that federal agencies have terminated or reduced 55 contracts over the last three days with a combined ceiling value of $1.6 billion, claiming $542 million in savings.

DOGE, whose name nods to Elon Musk’s high-profile involvement, was launched during the opening days of President Donald Trump’s second administration as part of a broader effort to reshape federal spending and bureaucracy.

While Musk has since stepped back from the project, elements of the DOGE framework remain active across federal agencies.

In a post on X, the department wrote: ‘Contracts Update! Over the last 3 days, agencies terminated and descoped 55 wasteful contracts with a ceiling value of $1.6B and savings of $542M.’

The post listed several examples, including what it described as ‘a $47M State Dept. program support contract for ‘Africa / Djibouti, Somalia armored personnel carriers and Somalia National Army crew’,’ and ‘a $19.5M HHS IT Services contract for support for National Institute of Environmental Health Sciences in designing, creating, updating, maintaining, and archiving online communications.’

DOGE also referenced ‘a $151k DoW education services contract for ‘Director’s Development Program in Leadership – Partnership course to be held at Northwestern University’,’ according to the post.

Screenshots shared with the DOGE post show federal contract records matching the descriptions and dollar amounts cited.

One screenshot shows a contract record tied to Somalia, listing professional program management support under a federal services code and identifying the country of service origin as Somalia. The contract description references support related to armored personnel carriers and Somalia National Army crews in Djibouti and Somalia.

A second screenshot shows an IT management support services contract based in the United States, categorized under computer systems design services. The description outlines work for the National Institute of Environmental Health Sciences focused on maintaining and managing online communications, including websites, webpages, mobile tools and social media platforms.

The DOGE post did not provide additional details about when the contracts were originally awarded, how much funding had already been obligated or spent, or which agency actions produced the savings figure cited in the post.

The announcement comes amid heightened scrutiny this week over several Somali-owned, government-funded daycare facilities in Minnesota that have been accused of fraudulently collecting millions of dollars worth of taxpayer funds.

Fox News Digital has reached out to the White House, DOGE, the State Department and HHS for additional information.

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New York City’s new mayor wasted little time drawing ideological lines, using his swearing-in ceremony to double down on campaign promises filled with government-led solutions — a sharp contrast with free-market principles Republicans warn are increasingly under threat amid an evolving understanding of socialism among younger audiences.

‘We will draw this city closer together,’ Zohran Mamdani, a socialist, said at his ceremony on Thursday. ‘We will replace the frigidity of rugged individualism with the warmth of collectivism. If our campaign demonstrated that the people of New York yearn for solidarity, then let this government foster it.’ 

His aims were echoed by his supporters at his inauguration — including Rep. Alexandria Ocasio-Cortez, D-N.Y., one of the most progressive lawmakers on Capitol Hill.

‘We have chosen that over the distractions of bigotry and barbarism of extreme income inequality,’ Ocasio-Cortez said of Mamdani’s visions for government-led programs like universal child care.

Mamdani’s victory over independent candidate Andrew Cuomo was made possible in part by his stunning success among younger voters ages 18-29. Exit polling from the election’s results indicated he captured as much as 75% of that vote. 

Ronald Suny, professor emeritus of political science and history at the University of Chicago, said the support of younger voters for an openly socialist candidate didn’t come as a surprise.

‘Socialism has now become the catchphrase for the opposition to free-market or neoliberal capitalism, which is the idea that the market can do it all. Huge swaths of the lower and middle classes have not increased their well-being or their real incomes in the last 50 years,’ Suny said.

Suny believes younger audiences have embraced socialism as a way to describe an ideal — even if they don’t have a good sense of what socialism means in practice. That’s dovetailed with the rise of Mamdani and other progressives promising to use the power of government to create a more even playing field on issues like the cost of living, housing, transportation and healthcare.

It’s a semantic change, some argue.

Jason Palmer, co-founder of TOGETHER!, a youth-centered organization that promotes political engagement at the collegiate level, first noticed a change in the way students talked about socialism around three years ago.

‘I started noticing it about 2022 — and it’s really connected to affordability. A lot of young people feel like nothing is affordable to them. They can’t buy a house. One thing that came up a lot on the campaign trail is they can’t even afford to pay the rent deposit,’ Palmer said.

‘I’ve spoken to a lot of them, and I always ask them, ‘What does socialism mean to you?’ They say, ‘Well, I don’t know the official definition, but here’s what it means to me. It means equality, it means fairness, it means an even playing field with higher taxes on the rich, a more equitable society.’’

Rep. Byron Donalds, R-Fla., attributed shifts in how socialism is viewed to shortcomings in education.

‘Our K-12 system — we failed to actually educate people about the implications of economic policy and the way it overlays into cultural frameworks of societies,’ Donalds said. ‘[Socialism] empowers government, makes government be more heavy-handed, driving choices, as opposed to letting people do that.’

Donalds’ concern stems from his conviction that socialism is at odds with the principles of American freedom. In his view, it’s overly reliant on a top-down power structure.

‘It always leads to a destruction of liberties,’ Donalds said. ‘There has to be some omnipotent person at the top who makes all the decisions.’

Donalds pointed to the mass starvation and political repression of socialist regimes in Cuba, North Korea, China and Venezuela. 

Fellow Republican Rep. Maria Elvira Salazar, R-Fla., echoed similar alarm as she introduced a bill condemning the horrors of socialism earlier this year.

‘I represent district No. 27 in Miami, Florida — a bastion of hundreds of thousands of Cubans, Nicaraguans and Venezuelans who have fled, who have escaped from despicable horrors you cannot imagine produced by that ideology,’ Salazar said in a floor speech.

But Suny, who studies social change in socialist countries, believes that political framing in the U.S. has inadvertently contributed to a renewed interest in socialism. He argues that younger voters might find themselves unconvinced by a repeated emphasis on socialism’s most grievous failures and don’t see mass starvation in the cards when politicians float government-led child care programs or government-owned supermarkets.

‘[Critics] don’t emphasize elements like turning peasant countries into industrial countries, village countries into urban countries, teaching literacy to the whole population, a number of other things, right?’ Suny said.

Palmer, the co-founder of TOGETHER!, noted that shifting understandings of socialism may vary greatly regionally. He pointed out that Mamdani’s success in New York would likely prove less effective among young voters in Virginia, Pennsylvania or other states.

‘It does play differently with different audiences,’ Palmer said.

Polling by Gallup last year showed that approval surrounding capitalism sank nationally with younger audiences, while socialism’s standing rose. Only 31% of Democrats under 50 have a positive view of capitalism, a drop from 54% in 2010. 

Inversely, Gallup’s findings also showed that the favorability of socialism climbed among younger audiences. Notably, 49% of respondents between the ages of 18 and 34 said they held a positive view of socialism, while 46% said they held a negative view. 

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Ukraine orchestrated a fake hit on one of Russia’s enemies who has fought alongside Ukrainian forces, tricking the Kremlin into paying out a $500,000 bounty Kyiv used to fund its war effort. 

The subject of the supposed Dec. 27 assassination was Denis Kapustin, also known as ‘White Rex,’ the leader of the right-wing Russian Volunteer Corps, a group fighting for the overthrow of Vladimir Putin, Metro UK reported. 

However, Kapustin is alive despite claims from the Ukrainian Armed Forces last week that he was killed by an FPV drone in the southern Zaporizhzhia region.

‘We will definitely avenge you, Denis. Your legacy lives on,’ the RVC group wrote on Telegram last week. 

On Thursday, the Defence Intelligence of Ukraine (GUR) confirmed this was part of a special operation to save Kapustin’s life and, in the process, earn $500,000.

‘Welcome back to life,’ HUR General Kyrylo Budanov, who heads Ukraine’s military intelligence agency, said while congratulating Kapustin and his team on a successful intelligence operation, News.com.au, an Australian news website, reported. 

After Russia’s invasion of Ukraine in 2022, Kapustin founded the RVC to fight alongside the Ukrainian army.

The group, which was banned in Russia as a terrorist organization, was known for staging cross-border attacks in Russia’s Belgorod and Kursk regions. He had twice been sentenced in absentia to life imprisonment by kangaroo courts in Russia, The Sun reported. 

In March 2024, the RVC stormed into Russia and clashed with security forces before capturing Russian soldiers.

Ukraine and Russian are in the middle of peace talks mediated by President Donald Trump. The deal is close, but Ukrainian leaders have said the sticking point remains the issue of disputed territories.  

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Former special counsel Jack Smith used a closed-door deposition with House Republicans last month to defend his investigations into Donald Trump’s alleged effort to subvert the 2020 presidential election and his alleged retention of certain classified documents, using the hours-long testimony to forcefully dispute the notion that his team had acted politically, and citing what he described as ample evidence to support the indictments that had been levied against Trump. 

‘I made my decisions in the investigation without regard to President Trump’s political association, activities, beliefs, or candidacy in the 2024 presidential election,’ Smith told members of the House Judiciary Committee in the Dec. 17 interview.

The interview was Smith’s first time appearing before Congress since he left his role as special counsel in 2024. And while much of the information was not new, the exchange was punctuated by sharp exchanges with Republicans on the panel, both on the strength of the case, and on his own actions taken during the course of the probe — most recently, on the tolling records his team sought from a handful of Republican lawmakers over the course of the investigation. Republicans have assailed the records as being at odds with the speech or debate clause of the Constitution.  

‘I made my decisions in the investigation without regard to President Trump’s political association, activities, beliefs, or candidacy in the 2024 presidential election,’ Smith told the committee. ‘We took actions based on what the facts, and the law required — the very lesson I learned early in my career as a prosecutor.’

Republicans on the panel ultimately opted to publish the redacted transcript on New Year’s Eve, a decision that may have helped dull the impact of any news the 255-page document may have generated amid the broader hustle and bustle of the holiday season.

Here are some of the biggest moments and notable exchanges from the eight-hour hearing. 

 

New political tensions 

Smith was tapped by former Attorney General Merrick Garland in 2022 to investigate the alleged effort by Trump and his allies to overturn the results of the 2020 election, as well as Trump’s keeping of allegedly classified documents at his Mar-a-Lago residence in Palm Beach after leaving office in 2020. Smith had brought charges against Trump in both cases.

The charges were dropped after Trump’s election, in keeping with a longstanding Justice Department policy that discourages investigating sitting presidents for federal criminal charges, and Smith resigned from his role shortly after.

If nothing else, Smith’s Dec. 17 testimony underscored just how much has changed since Trump’s reelection in 2024. 

Trump, for his part, has used his first year back in office to follow through on his promises to go after his perceived political ‘enemies,’ including by revoking security clearances of many individuals, including employees of a D.C.-based law firm that represents Smith, and taking other punitive measures to punish or fire FBI agents involved in the Jan. 6, 2021, investigation.

During his testimony last month, Smith fiercely disputed the notion that Trump’s remarks about the 2020 election results would be protected by the First Amendment. 

‘Absololutely not,’ he said in response to a lawyer for Republicans on the House Judiciary Committee.

The lawyer then ticked through a ‘long list of disputed elections’ in U.S. history and former presidents who have spoken out about ‘what they believed to be fraud,’ or other issues regarding election integrity. ‘I think you would agree that those types of statements are sort of at the core of the First Amendment rights of a presidential candidate, right?’

‘There is no historical analog for what President Trump did in this case,’ Smith said immediately. 

‘Powerful’ evidence

Smith told members that the special counsel ultimately gathered evidence against Trump that was, in his view, sufficient to secure a conviction.

‘He made false statements to state legislatures, to his supporters in all sorts of contexts and was aware in the days leading up to Jan. 6th that his supporters were angry when he invited them, and then he directed them to the Capitol,’ Smith said of Trump’ actions in the run-up to Jan. 6. 

‘Now, once they were at the Capitol and once the attack on the Capitol happened, he refused to stop it. He instead issued a tweet that, without question in my mind, endangered the life of his own vice president,’ Smith added. ‘And when the violence was going on, he had to be pushed repeatedly by his staff members to do anything to quell it.’

Other possible co-conspirators had not been charged, as Smith noted at one point during the interview. 

But Smith said in the testimony that his team had developed ‘proof beyond a reasonable doubt’ that Trump ‘engaged in a criminal scheme to overturn the results of the 2020 election and to prevent the lawful transfer of power.’

They’d also developed what he described as ‘powerful evidence’ that Trump willfully retained highly classified documents after leaving office in January 2021 at his private Mar-a-Lago residence, and was obstructing the government’s efforts to recover the records.

Smith’s team had not determined how to proceed for possible ‘co-conspirators’

Smith said that, when the special counsel wound down in the wake of the 2024 elections, his team had not determined whether to charge the key Trump allies who may or may not have acted as co-conspirators, including Rudy Giuliani, Sidney Powell and John Eastman.

‘As we stated in the final report, we analyzed the evidence against different co-conspirators,’ Smith said. Smith reiterated his allegation that Trump was ‘the most culpable’ and ‘most responsible’ person for the alleged attempts to subvert the 2020 election results. 

He said the special counsel had ‘determined that we did have evidence to charge people at a certain point in time.’ 

But at the time the investigation was wound down, they had not made ‘final determinations about that at the time that President Trump won reelection, meaning that our office was going to be closed down.’

He lamented the ousting of DOJ, FBI officials 

Smith used his opening remarks to lament the ousting of FBI agents and Justice Department officials involved in the Jan. 6 investigations.

‘I am both saddened and angered that President Trump has sought revenge against career prosecutors, FBI agents, and support staff simply for doing their jobs and for having worked on those cases,’ Smith said.

His remarks came after the FBI in recent months ousted a handful of personnel involved in the Jan. 6 investigations, an effort individuals familiar with the action described to Fox News at the time as an act of ‘retaliation.’

Thousands of FBI personnel in February were forced to fill out a sprawling questionnaire asking employees detailed questions about any role they may have played in the investigation into the Jan. 6, 2021, U.S. Capitol riots — ranging from whether they had testified in any criminal trials to when they last participated in investigation-related activity.

Smith’s team didn’t tell the courts that subpoenaed phone records belonged to lawmakers

Smith was grilled during the deposition about the highly scrutinized subpoenas his team issued to phone companies for data belonging to House and Senate lawmakers as part of his investigation, saying they aligned with the Justice Department’s policy at the time.

Smith said the Public Integrity Section signed off on the subpoenas, a point corroborated by records previously released by Grassley’s office. 

Those records also showed that the Public Integrity Section told prosecutors to be wary of concerns lawmakers could raise about the Constitution’s speech or debate clause, which gives Congress members added protections.

The subpoenas to the phone companies were accompanied by gag orders blocking the lawmakers from learning about the existence of the subpoenas for at least one year. Smith said the D.C. federal court, which authorized the gag orders, would not have been aware that they applied to Congress members.’I don’t think we identified that, because I don’t think that was Department policy at the time,’ Smith said.

Asked during the deposition about who should be held accountable for lawmakers who felt that the seizure of a narrow set of their phone data was a constitutional violation, Smith said Trump should be held accountable.

‘These records are people, in the case of the Senators, Donald Trump directed his co-conspirators to call these people to further delay the proceedings,’ Smith said.

‘He chose to do that. If Donald Trump had chosen to call a number of Democratic Senators, we would have gotten toll records for Democratic Senators. So responsibility for why these records, why we collected them, that’s — that lies with Donald Trump,’ he said.

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A super PAC aligned with President Donald Trump has nearly $300 million in its war chest heading into the 2026 midterms, according to records filed with the Federal Election Commission (FEC) on Thursday.

MAGA Inc. reported $294 million in cash on hand in its latest campaign finance disclosure, which the super PAC said will be used to support candidates aligned with the president’s agenda.

‘Thanks to President Trump’s leadership, MAGA Inc will have the resources to help candidates who support President Trump’s America First agenda of securing our border, keeping our streets safe, supercharging our economy, and making life more affordable for all Americans,’ a MAGA Inc. spokesperson said in a statement, according to the New York Post.

The super PAC raised $102 million in the second half of 2025, including 25 donations of at least $1 million.

The largest contribution came from OpenAI president and co-founder Greg Brockman, who donated $25 million in September.

Brockman said in a post on X this week that he had become more politically active in 2025, including through political contributions that reflect ‘support for policies that advance American innovation and constructive dialogue between government and the technology sector.’

The fundraising haul came even though Trump is not on the ballot this year, underscoring the super PAC’s focus on supporting Republicans in upcoming races.

MAGA Inc. did not play a significant role in the 2022 midterms, opting instead to save its money for Trump’s 2024 campaign.

The super PAC spent $456 million supporting Trump’s bid to return to the White House, according to OpenSecrets, a nonprofit organization that tracks campaign finance data.

MAGA Inc. launched ads in November backing Republican candidate Matt Van Epps, who was endorsed by Trump and went on to defeat Democrat Aftyn Behn in a Tennessee congressional race.

Elon Musk, the billionaire technology entrepreneur and chief executive of SpaceX and Tesla, has signaled an openness to supporting Republican candidates in the midterms.

‘America is toast if the radical left wins,’ he posted on X on Thursday. ‘They will open the floodgates to illegal immigration and fraud.’

Fox News Digital’s Paul Steinhauser contributed to this report.

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A securities lawsuit involving DeFi Technologies (NASDAQ:DEFT) highlights growing regulatory scrutiny on corporate crypto treasury strategies, signaling risks for investors eyeing similar plays.

While many crypto firms have faced class actions, the difference with the DeFi Technologies case is apparent: it targets operational delays and disclosure risks within a corporate treasury.

Most previous crypto lawsuits have concentrated on more common issues, such as promoter liability, token sales or exchange collapses, which primarily hit platforms and promoters.

Specifically, the DeFi Technologies lawsuit alleges that the company hid delays in its core DeFi arbitrage trading, its main revenue driver, while downplaying competition from rival digital asset treasury firms (DATs).

The class action, which seeks to represent those who purchased or acquired DeFi Technologies shares between May 12 and November 14 of this year, comes after two recent share price drops for the company.

Amid emerging risks in the DeFi space, the governance expert emphasized the need for clear business strategies and disclosures to shareholders, and highlighted the role of independent third-party advisors to protect boards.

DeFi Technologies lawsuit breakdown

Plaintiffs claim that DeFi Technologies misled investors from May to November 2025 by issuing revenue guidance of US$218.6 million, despite arbitrage execution snags and rivals eroding its edge.

The company’s share price fell more than 7 percent on November 6 after it issued an update, then crashed over 27 percent between November 14 and 17. The second decline was triggered by the release of its Q3 results — the firm reported a 20 percent revenue miss, cut its 2025 guidance to US$116.6 million and shifted its CEO to an advisory role.

Unlike typical crypto suits over token sales or exchange collapses, this one targets a corporate treasury’s operational delays in DeFi yield strategies, exposing how arbitrage hiccups and DAT rivals demand precise disclosures.

“I think it’s an indicator that we’re going to see more questions and concerns surrounding the regulatory environment and disclosures, because we kind of hit into uncharted … territory very rapidly,” said Bishara.

The lawsuit arrives amid new fair-value accounting rules, testing board liability for strategy risks before 2026 filings.

Operational value vs. crypto laundering

An emerging concern for regulators and investors is the distinction between companies with genuine transactional components and those using public markets to create artificial liquidity.

Bishara noted that smaller companies divesting from core businesses to pivot toward crypto could become targets for regulatory scrutiny due to a perceived change in control.

From his perspective, firms primarily pursuing a treasury strategy could come under fire for potentially prioritizing short-term stock value and liquidation over the best interests of shareholders.

In these smaller transactions, Bishara suggested that the shift can be viewed as a way to convert illiquid digital assets into US dollars by selling stock in the open market.

“You’re converting something that I can’t really sell, and I can’t really buy a piece of pizza with … and turning it into something that I can buy a piece of pizza with,” the expert explained. “It’s almost like laundering crypto into currency,” he added, clarifying that this is not a one-size-fits-all accusation.

Consequently, he believes investors should look for companies whose underlying business models have operational potential, rather than those focused purely on digital asset transactions.

Board oversight and fiduciary duty

The rapid evolution of DeFi has fundamentally outpaced the regulatory frameworks designed to govern it.

For investors, the DeFi Technologies case underscores the danger of imprecise disclosures around crypto assets, particularly when firms pivot their strategies without clear communication to shareholders.

Bishara observed that as stock volatility triggers these types of lawsuits, corporate boards are being forced to rethink the practical applications of their fiduciary responsibility.

To fulfill their duty to shareholders, the expert argued that boards must engage in active, expert-led evaluation. Engaging independent third-party advisors, such as attorneys or investment bankers, to evaluate crypto treasury deals will insulate and help companies protect themselves in this uncharted territory.

From his perspective, this process effectively transfers some of the risk from board members to advisors.

Bishara further emphasized the importance of documenting the specific evaluation of a transaction in board minutes, noting that if a director disagrees with a crypto strategy, they should “disagree with it in the minutes” in order to ensure that their individual interests are protected.

The need for rigorous board oversight is being driven home by the insurance market. Bishara observed that even if a company’s actual risk profile has not changed, the cost of mitigating risk through Directors and Officers (D&O) insurance is skyrocketing as the number of carriers willing to underwrite these risks has shrunk significantly.

“I am quite certain that we are going to see policy language that specifically discusses or removes some of these potential pieces of liability, specifically in companies that are not insuring for these types of transactions,” Bishara predicted, adding that standard insurance companies will likely add no-crypto clauses to their policies.

“I would definitely expect that more, not from the crypto underwriters, but more from the non-crypto underwriters, to really make sure that they’re not winding up on a risk accidentally,’ he also noted.

For investors, Bishara suggested that a company’s inability to secure affordable D&O insurance should be viewed as a significant red flag regarding the health of its balance sheet.

Investor takeaway

Bishara’s front-row seat to operational crypto-utility and high-frequency transactional modeling has helped shape his view of where the market is headed in 2026 and beyond. While the DAT model dominated the 2024/2025 cycle, he believes the space is rapidly evolving into a new phase of business.

“I think it’s a great space for really exploring how the world is going to evolve and change,” he said.

For investors, the key to long-term value may lie in distinguishing between a company that is simply HODLing, and a firm that is building a transactional component.

Bishara pointed to emerging business models where firms are moving beyond treasury strategies to become operational, transactional companies that use crypto to power everyday transactions.

As the 2026 regulatory and insurance landscape tightens, focus will likely shift away from those chasing short-term stock premiums and toward those using DeFi to build sustainable, potentially undervalued business models.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

‘What’s in a name? That which we call a rose, by any other name would smell as sweet.’ That question, posed by Juliet in Shakespeare’s ‘Romeo and Juliet,’ seems to now occupy much of Washington. At a Christmas party with many media from Washington, the question was put to me more succinctly and repeatedly as ‘can they do that?’ The ‘that’ was the renaming of the Kennedy Center as the Trump-Kennedy Center. Soon, courts may have to face this quintessentially Shakespearean question, ‘for never was a story of more woe.’ 

Around Christmas, Ohio Democratic Rep. Joyce Beatty, an ex-officio member of the board, announced her lawsuit over the name change.  

As a threshold matter, I will address the legal rather than policy basis for the change. Many of us chafed at the renaming of the center, which was a memorial to an assassinated president. However, what people want to know is whether the change can be challenged. The answer is yes, but it will not necessarily be easy or certain in its outcome. 

The center was originally built as the National Cultural Center in a 1958 law. It was renamed the John F. Kennedy Center by an act of Congress in 1964 as a living memorial.

The key issue is how that designation was made. It was contained in a statute passed by Congress. Titled John F. Kennedy Center for the Performing Arts, 20 U.S.C. 3, states that ‘no additional memorials or plaques in the nature of memorials shall be designated or installed in the public areas of the John F. Kennedy Center for the Performing Arts.’ 

There are exceptions in sections 2 and 3 of the provision: 

‘(2) Paragraph (1) of this subsection shall not apply to—

(A) any plaque acknowledging a gift from a foreign country; 

(B) any plaque on a theater chair or a theater box acknowledging the gift of such chair or box; and 

(C) any inscription on the marble walls in the north or south galleries, the Hall of States, or the Hall of Nations acknowledging a major contribution; …

(3) For purposes of this subsection, testimonials and benefit performances shall not be construed to be memorials.’ 

The language supports a congressional intent to insulate the memorial from any changes or dilutions. The specificity of the exceptions to plaques for donors suggests that other major changes, such as a name change, are barred under federal law. Moreover, the center is named by an act of Congress. It is hard to find any authority of the board that would undo or delegate that power. 

There is a legitimate question whether a name change is an ‘additional memorial or plaque,’ but it would seem to be so. If a simple plaque to donors had to be expressly exempted, giant letters dedicating the center to an additional person would seem to fall within the congressional intent.

Still, the Trump administration could quote the servant Sampson from ‘Romeo and Juliet’ and tell a court to ‘take it in what sense thou wilt,’ but the statute does not expressly say that name changes are a memorial. 

Challengers could argue that, under the board’s interpretation, any memorial established by Congress, from the Lincoln Memorial to the Kennedy Presidential Library, could be renamed or hyphenated.  

If a court agrees that the statute reflects a clear congressional intent to bar any change to the memorial, the question is how it can be challenged.

In any legal challenge, the advantage would likely rest with the challengers if they can meet the standing requirements.

Kerry Kennedy, the daughter of Robert F. Kennedy and sister of Health and Human Services Secretary Robert F. Kennedy Jr., announced that, ‘Three years and one month from today, I’m going to grab a pickax and pull those letters off that building, but I’m going to need help holding the ladder. Are you in? Applying for my carpenter’s card today, so it’ll be a union job!!!’ 

I would not recommend that approach. Most attorneys strive to keep their clients from falling from great heights.  

The question is, who has standing to challenge the change. Are Kennedy family members injured in a concrete way to satisfy standing? Associational standing from historical preservation groups can be tricky. However, some may soon test those waters. 

The most obvious way to address the issue is for Congress to be heard. It can either ratify the board decision, or it could expressly declare the change to be invalid and clarify that ‘additional memorial’ encompasses any name change. Either resolution may prove difficult with the heavily divided Congress. Soon a judge may join Romeo in his lament: ‘O, teach me how I should forget to think!’

In any legal challenge, the advantage would likely rest with the challengers if they can meet the standing requirements. Otherwise, the name could remain by default … or until another administration decides to make another change to the center previously known as the Kennedy Center. 

Of course, today Juliet might resolve the naming problem in a similar fashion with a hyphenated marital name of Juliet Capulet-Montague, though it clearly would have gone over as poorly as the Trump-Kennedy name. It clearly does not smell as sweet to many.

I expect both court and congressional action to follow. Absent a quick resolution by Congress (which seems unlikely), this could result in years of litigation. 

However, both sides might be wise to heed Shakespeare’s warning in another play that, ‘where two raging fires meet together, they do consume the thing that feeds their fury.’ 

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President Donald Trump warned early Friday that the U.S. would intervene if Iran started killing protesters. 

Writing on Truth Social, the president said if Iran shoots and ‘violently kills peaceful protesters, which is their custom, the United States of America will come to their rescue.’ 

‘We are locked and loaded and ready to go,’ Trump said. 

Trump’s warning comes as demonstrations triggered by Iran’s deteriorating economy expand beyond the capital and raise concerns about a potential heavy-handed crackdown by security forces. At least seven people — including protesters and members of Iran’s security services — have been reported killed during clashes, according to international reporting.

Some of the most severe violence has been reported in western Iran, where videos circulating online appeared to show fires burning in streets and the sound of gunfire during nighttime protests. 

The unrest marks Iran’s most significant protests since 2022, when the death of 22-year-old Mahsa Amini in police custody sparked nationwide demonstrations. Officials say the current protests have not yet reached the same scale or intensity, but they have spread to multiple regions and include chants directed at Iran’s theocratic leadership.

Iran’s civilian government under reformist President Masoud Pezeshkian has signaled a willingness to engage with protesters, but the administration faces limited options as the country’s economy continues to deteriorate. Iran’s currency has sharply depreciated, with roughly 1.4 million rials now required to buy a single U.S. dollar, intensifying public anger and eroding confidence in the government.

State television reported the arrests of several people accused of exploiting the unrest, including individuals it described as monarchists and others allegedly linked to Europe-based groups. Authorities also claimed security forces seized smuggled weapons during related operations, though details remain limited.

The demonstrations come amid heightened regional tensions following a 12-day conflict with Israel in June, during which the United States bombed Iranian nuclear sites. Iranian officials have since said the country is no longer enriching uranium, attempting to signal openness to renewed negotiations over its nuclear program to ease sanctions.

However, talks have yet to resume, as both Trump and Israeli Prime Minister Benjamin Netanyahu have warned Tehran against reconstituting its nuclear capabilities — adding further pressure on Iran’s leadership as protests continue.

The Associated Press contributed to this report.

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January 2026 marks one year into President Donald Trump’s second term, and there can be no honest conversation without acknowledging that he is one of the most consequential presidents in American history. Love him or loathe him, Trump remains the fixed star around which our politics has revolved for the better part of a decade. Every debate, whether on leadership, law, legacy or lack thereof, turns on the outsized presence of one man. His shadow looms across every institution sacred to America, from colleges to the church to the Capitol, forcing each to declare with whom it stands and why. 

Trump has not simply challenged institutions; he has recharted their course. He has created a political environment where presence, leverage and speed prevail — conditions future leaders will inherit whether they admire his legacy or admonish it. What matters now is not merely what Trump disrupted, but what he set in motion. Among other things, Trump reminds us how quickly and how personally a single executive can impact law, markets and society, for better or worse. 

Long after the rallies fade and the indictments recede, Trump’s imprint will continue to shape American life. A remade Supreme Court of hand-picked justices has altered constitutional doctrine for generations to come. Capital markets have come to treat presidential volatility as a warning sign and tradable risk. Tariffs, trade and industrial policy have been recast as blunt instruments of executive will, designed to serve voters as much as economists. Even the once-fringe world of digital assets and crypto has been reframed from libertarian experiment to strategic asset class challenging sovereignty, regulation and power. 

In many other ways, Trump has altered expectations as much as outcomes. He mandated institutions to move faster and challenged political actors to think bigger. That inheritance will not be easily unwound. History’s students of power understand that consequence is measured not only by outcomes, but by what follows, and few made that point more clearly than Henry Kissinger. ‘Trump may be one of those figures in history who appears from time to time to mark the end of an era and to force it to give up its old pretenses.’

More than anyone else, Trump recognizes that power today flows not only from institutions but from attention. From the time he entered the arena, Trump has perfected one principle: never surrender the stage. Pundits once mocked his early bid for office as self-promotion. It became a populist revolt instead. His blunt voice pierces decades of polite debate. While Washington was accustomed to civility, his words are often raw, sometimes reckless, but always real. Trump’s mastery of attention strains conventional guardrails and has exposed institutional rot long ignored. He leverages disruption to push the boundaries of trust and normalize chaos, conflict and controversy. 

The Trump presidency breaks precedent almost daily — so often it is futile to flag and hard to keep score. He confronts China’s mercantilism with tariffs when others fear retaliation. He moved the U.S. Embassy to Jerusalem, upending decades of diplomatic orthodoxy. He stepped across the DMZ to meet North Korean leader Kim Jong Un and rolled out the red carpet for Russian President Vladimir Putin. He bombs Venezuelan speed boats presumed to carry contraband and dares the reigning despot to respond, let alone retaliate. And he brusquely deports the undocumented with steely bravado. All of which would have been derided or thought folly not long ago, but now is political reality.  

Supporters see courage; opponents see chaos. Two things can be true. Trump leads by instinct, improvising his own score to the established symphony of power. Policy wonks measure process; his allies measure presence. Rallies replaced town halls. Tweets replaced press conferences. Identity replaced ideology. To millions who felt unseen, he proved they exist. He showed up, stood up and spoke up in a way American presidents never have, and may never again.

Every scandal was forecast as fatal. None has been. Each prosecution, revelation and rebuke only deepened the myth. His mug shot became merchandise, his trials became theater, his adversaries became amplifiers. History honors endurance as much as elegance, if not more. Trump embodies that fact. Cast down, counted out and condemned by critics, his ascendance reflects the character of a long ignored American electorate — disruptive, defiant, determined to be seen.  

Grave legal and ethical questions have dogged the president to be sure. But the paradox persists: efforts to diminish Trump through lawfare have mostly enlarged and emboldened him politically and prompted questions as to whether prosecution has advanced justice or accelerated division. 

Washington still misunderstands the Trump phenomenon. He thrives on friction, force and fear. Attention is both fuel and fortress. While pundits count approval ratings, he commandeers airtime. Flooding the zone is more than a football play; it is a governing philosophy for Trump, who understands that in today’s politics, silence equals extinction. The simple act of tagging opponents with amusingly accurate nicknames bespeaks both instinct and popular appeal; at the same time brilliant and brutal.

Populism in America is cyclical. President Andrew Jackson fought banks; politician William Jennings Bryan fought barons; Louisiana Gov. and then Sen. Huey Long fought inequality; Trump fights systems of every stripe. His crusade is part grievance and part gospel, speaking to a republic that distrusts its own elite institutions and their caretakers. Trump excels at stretching politics into follow-through performance. After all, who else would dare prepend his name to the John F. Kennedy Center for Performing Arts and the U.S. Institute of Peace in real time. 

Foreign-policy mandarins dismiss his unorthodox diplomacy, yet the Abraham Accords reordered alliances few believed possible. Energy independence became a reality under his watch. Europe, once warned about Russian gas dependency, now concedes he was right. NATO member states shoulder greater — though not altogether equitable — burdens. Even critics grudgingly credit him for forcing movement on issues long considered intractable, thus the Nobel nominations. 

American politics has long relished showmanship and public performance, from Jefferson’s pamphlets to Lincoln’s debates. Trump is the latest iteration of that tradition, and the most complete legacy of the social media age. He channels a culture that values performance as proof of conviction. As such, he reflects some of our own national contradictions: moral yet mercenary, religious yet rebellious, democratic yet drawn to dominance.

Scholars will debate Trump’s impact for decades, but his ubiquity is unquestionable. He imbues every poll, every platform, every party calculus. Democrats campaign against him; Republicans campaign around him. He remains bolder and busier than ever. Trump did not just reform the GOP; he broke the mold and recast it as Trump, MAGA and America First. 

Every scandal was forecast as fatal. None has been. Each prosecution, revelation and rebuke only deepened the myth. His mug shot became merchandise, his trials became theater, his adversaries became amplifiers.

Trump’s evangelical supporters remind us that the great men of old were seldom polished and never perfect. Moses killed, yet led his people to freedom. David sinned, yet ruled with vision. Paul persecuted, yet became the greatest apostle. Scripture teaches that imperfection often precedes purpose, and greatness is rarely graceful. The Christian faithful rely on these proverbial lessons when explaining their loyal and unapologetic allegiance to such a coarse Christian. Unlike Elijah, it will be impossible to take up his mantle.

While canonizing Trump would be a stretch, dismissing him would be dishonest. From TV ownership to tariffs to trade and beyond, Trump compels America to confront convention and contradiction at the same time. He challenges America’s heritage of confidence and doubt, conviction and compassion, strength and restraint. And challenges us to rethink long-held axioms. 

Sports analysts often speak of exceptionally gifted athletes as ‘generational talent’ — those who have the extraordinary ability to change the game. That is Trump.

For those hoping to walk in his shoes, there is no blueprint for replication. He ushered in a unique political reality that history must acknowledge even if it cannot be repeated. As the most consequential political figure of this century thus far, Donald Trump offers history a compelling study in transformational leadership. He is implacable, irreplaceable and impossible to ignore. There has never been, nor will there ever be, another like him. 

Foremost and finally, Trump embodies a new political maxim for today’s America. If you dare to lead, you do not have to be perfect, but you must be present. 

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Josef Schachter, president and author at the Schachter Energy Report, shares his thoughts on oil and natural gas prices, supply and demand in 2026.

‘I think before the cycle is over, the 2007 high of US$147 (per barrel) will be breached, because the industry cannot respond quickly by bringing on new oil,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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