Billionaire technology Peter Thiel warned that AI company Anthropic could use its technological advantage to influence the 2028 presidential election in favor of Democrats.
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On Friday, Fox News host and political analyst Brit Hume offered a prediction that President Donald Trump is unlikely to appreciate. If the Democrats come out ahead in the midterms, the chief executive could find himself paying big for his "breathtaking" crypto corruption. Hume's forecast comes in the wake of the president's 2025 financial disclosures earlier in the week, which revealed that his family raked in a shocking $1 billion from its cryptocurrency ventures while Daddy Trump regulated the market. As Mediate explains, "The filing reported roughly $500 million in income from World Liberty Financial, the crypto company founded with his sons Eric Trump, Donald Trump Jr., and Barron Trump, along with approximately $635 million from sales of the $TRUMP meme coin through CIC Digital LLC. The disclosure also detailed hundreds of millions of dollars in income from Trump’s real estate holdings and millions more from licensing deals and other business ventures. The president made more than $2 billion overall."Another Fox News host, John Roberts, called the numbers "eye-popping," prompting Hume to respond, "It is, John, and I think the right word for this is unseemly, for a president to profit while in office.”He continued, "Now, it’s not fair to say that he profited from the office, although, you know, that’s surely gonna be subject to investigation — particularly if the Democrats get control of one or both branches of Congress. But, if you wanted seemliness in the White House, Donald Trump was not your man, and if you wanted a guy that wasn’t very rich in the White House, he wasn’t your man for that either. The fact is that he’s a very rich guy, and when you hold the kind of holdings he has, you do get richer. This amount from crypto seems breathtaking, but as the point was made by you and [Treasury Secretary] Scott Bessent, not illegal. So, the people that don’t like Trump won’t like this. The people that do like Trump won’t care very much, in my judgement."Hume is only partly true in regards to that last assertion. While much of MAGA has remained loyal to the president regardless of his financial improprieties, he's had pushback from some high-profile supporters. The New York Post, for example, which is typically complimentary toward Trump, declared that a recent story involving his sons' profiting off a Kazakhstan mining deal their father struck "stinks to high heaven." According to the Post, "The Lutnick [sons of Treasury Secretary Howard Lutnick] and Trump boys have been sloshing around in the muck since their dads came to power 18 months ago. They’ve profited handsomely from cryptocurrency deals while the government their fathers control were setting crypto policy.”
Conservative commentator Steve Bannon weighed in on the stunning primary wins by far-left Democrat candidates, declaring that the country is entering a new era in politics. The […]
White House press secretary Karoline Leavitt blasted progressive Democrats during an appearance on Fox News’ “Jesse Watters Primetime,” warning that they are pushing a “full-blown communist revolution.” […]
Democrats are preparing a hostile audit of President Trump and his inner circle, intent on exposing — and ultimately ending — the most lucrative presidency in American history.Why it matters: Since winning the 2024 election, Trump has operated in a Wild West of his own making — monetizing the office to the tune of billions, while enabling family, friends and donors to cash in along the way.He and the White House have denied any conflicts of interest. Republicans, who spent years investigating the Biden family's business dealings, have shielded Trump from the same scrutiny.But Democrats see the presidential gold rush as corruption personified — and plan to bury Trump's orbit in subpoenas if they win the House in November's midterms.Zoom in: Trump's $2.2 billion financial disclosure is a 927-page roadmap for the coming investigations, itemizing every known venture that made 2025 the richest year of his life.A crypto business that barely existed when Trump took office minted him roughly $1.2 billion — eclipsing, in a single year, the real estate empire he spent decades building.His biggest single payday was $635 million in royalties from the $TRUMP meme coin, which has crashed roughly 95% from its inauguration-week launch — destroying billions for the small investors who bought in.Trump also reported tens of millions from legal settlements with major media and tech companies, plus new income from branded watches, sneakers, Bibles, fragrances and foreign licensing deals.Zoom out: For Democratic investigators, the ripest targets are the people around Trump: family, appointees and allies who, unlike the president, can be compelled to testify under oath.World Liberty Financial, the crypto venture launched by the Trump and Witkoff families, has become a magnet for foreign money, including a secret $500 million investment from a senior Emirati royal.A New York Times investigation found that Donald Trump Jr., Eric Trump and the sons of Commerce Secretary Howard Lutnick have ties to at least 14 companies seeking $8.9 billion in federal support for critical-minerals deals.Jared Kushner, Trump's son-in-law, has raised billions from Gulf governments while leading Middle East peace talks. In Albania, Kushner's firm won "strategic investor" status for a $1.4 billion luxury resort on a protected island — igniting mass protests dubbed the "flamingo revolution."What they're saying: Trump dismissed criticism of his financial disclosure on Wednesday, telling reporters his money is run by outside advisers in what he called a "blind account.""Everybody is profiting," Trump said, because "the stock market's going up."In a CNBC interview Thursday, Trump said he didn't know about many of the crypto gains disclosed in the filing because his son Eric and outside firms handle his investments. But he also argued that even if he had known, "there's nothing illegal with that," saying presidents cannot realistically recuse themselves from every decision that might affect their finances.Reality check: Trump's defense focuses on who manages his investments. Democrats are preparing to scrutinize the much bigger ecosystem around them: a portfolio that made more than 21,000 securities transactions in 2025, a family crypto empire, foreign business deals and other ventures that expanded alongside his presidency.The explanation also sidesteps broader ethics questions, including Trump's acceptance of a $400 million Qatari jet that entered service as Air Force One on Wednesday.Trump plans to keep the luxury plane — the largest foreign gift in U.S. history — for his presidential library after he leaves office.White House spokesperson Anna Kelly said in a statement: "President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media. There are no conflicts of interest."The big picture: Scrutiny of Trump's finances comes amid a growing anti-billionaire current in U.S. politics, exacerbated by a cost-of-living crisis the president repeatedly has downplayed.The number of democratic socialists in Congress is poised to more than double after the midterms, giving the left's anti-oligarchy message a bigger platform inside the Democratic Party.Sen. Jon Ossoff (D-Ga.) has made corruption the central theme of his re-election message, drawing 2028 chatter for his viral speeches detailing the Trump family's foreign windfalls.For Democrats, the bet is that Trump's profits can become part of a broader affordability argument: Washington works for the well-connected, while everyone else pays the price.The bottom line: It's no secret that Democrats intend to make life miserable for Trump and his inner circle if they win the midterms."They will turn every committee of Congress into an investigative body, and they'll go after the president's family, the Cabinet, his donors and friends," House Speaker...
Despite a deadly heatwave sweeping through Europe, the US president’s ineptness has created reason for optimism on the climate crisisSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereTwo real-life climate-themed movies are playing in parallel across the globe. They are about the world today, but they are also a snapshot of the future. The first is a slow-building horror story; the second, a feelgood summer hit. Both are worth watching.Horror films are suddenly box-office gold, so let’s start there. The World Health Organisation says the extreme, record-breaking heatwave blanketing Europe has killed more than 1,300 people. But everyone knows that number will end up a dramatic understatement. Continue reading...
