

U.S. Treasury yields remained largely unchanged as oil prices surpassed $100 a barrel, intensifying investor concerns about rising inflation and potential recession risks. The benchmark 10-year Treasury yields saw a minor dip, while the 2-year note yield increased slightly. Analysts noted a market disbelief, with everything priced for a quick policy pivot, including the bond market. The surge in oil prices, fueled by Middle Eastern production cuts and the Iran war's impact on the Strait of Hormuz, has sparked fears of escalating energy costs. Investors are also anticipating upcoming economic data, including February inflation figures and JOLTs job opening figures. (not investment advice)
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CNBCOil prices fell below $100 per barrel on Monday as G7 energy ministers prepared to discuss a potential release of crude stockpiles to address significant supply disruptions stemming from the Iran war. Both West Texas Intermediate and Brent crude had previously surged past $100, marking the first time since 2022, primarily due to the effective closure of the Strait of Hormuz and production cuts by Gulf Arab nations. President Trump publicly stated that a short-term rise in oil prices was a minimal cost for eliminating Iran's nuclear threat. The ongoing closure of the Strait has triggered the largest oil supply disruption in history, with tankers unwilling to transit the narrow waterway amid concerns of Iranian attacks, significantly impacting global energy markets.
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CNBCTimothy Valentin, a former decorated police officer, faces extensive charges including sexual assault after allegedly drugging and assaulting numerous women he met via dating applications. Officials claim Valentin would offer an additional drink, then drug his dates, subsequently filming himself sexually assaulting them in his car. The investigation began when one alleged victim reported a disorienting night, leading to the discovery of surveillance footage showing Valentin tampering with a drink and a trove of digital evidence. Authorities project the ultimate number of victims could exceed 50, making this one of the most extensive drugging and sexual assault investigations in U.S. history, prompting calls for more potential victims to contact law enforcement.
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The AtlanticArtificial intelligence startup Anthropic has filed a lawsuit against the Trump administration, challenging its designation as a national security threat and subsequent blacklisting by the Pentagon. The company asserts that these actions are "unprecedented and unlawful," causing severe, irreparable harm to its existing and future contracts, potentially jeopardizing hundreds of millions of dollars. This contentious dispute originated from Anthropic's insistence on safeguards regarding the military's use of its AI models, specifically prohibiting their deployment in fully autonomous weapons or for domestic mass surveillance. Anthropic is seeking judicial relief to overturn the supply chain risk designation, affirming its dedication to national security while simultaneously safeguarding its business interests and core First Amendment freedoms.
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CNBCAmazon's self-driving unit, Zoox, is expanding its robotaxi testing operations to Phoenix and Dallas, deploying retrofitted Toyota Highlander SUVs with safety drivers initially. This expansion aims to expose Zoox's AI technology to diverse and challenging weather conditions and more sprawling street networks, differing from its current dense urban testing environments. The company has already provided over 300,000 rides in Las Vegas and San Francisco and plans to open a new "fusion center" in Scottsdale, Arizona. Zoox's move intensifies competition with established autonomous vehicle leaders like Alphabet's Waymo and Tesla, as it seeks to scale its manufacturing and market presence.
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CNBCLive Nation, parent company of Ticketmaster, has reached a settlement with the Department of Justice over antitrust charges, agreeing to pay $280 million in civil penalties to 40 states. The deal requires Ticketmaster to open its technology platform to other ticket sellers and Live Nation to divest some amphitheaters. While a senior Justice Department official anticipates increased competition and lower prices, New York Attorney General Letitia James and other states plan to continue litigation, arguing the settlement doesn't adequately address the company's monopoly. The judge overseeing the trial expressed strong disapproval for not being informed earlier about the tentative agreement.
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CBS NewsIran's Ministry of Foreign Affairs spokesman, Esmail Baghaei, issued a stern warning that oil tankers traversing the Strait of Hormuz "must be very careful" given the current insecure regional situation. Baghaei staunchly defended Iran's recent attacks on Gulf States and U.S. military bases, asserting these actions are legitimate under international law as acts of self-defense against aggressors. The effective closure of the strategically vital Strait of Hormuz has already driven crude oil prices sharply past $100 a barrel, underscoring the critical global economic impact of the ongoing conflict. Iran has affirmed its preparedness for all contingencies, including a potential ground invasion, and emphasized national unity behind the newly selected Supreme Leader, Mojtaba Khamenei.
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CNBCNational Transportation Safety Board member Todd Inman, who notably served as the NTSB's initial on-scene spokesman for a deadly D.C. midair collision, has been fired by the White House due to multiple workplace allegations. White House spokesman Kush Desai cited "highly concerning reports" including inappropriate alcohol use on the job, harassment of staff, misuse of government resources, and failure to attend at least half of NTSB meetings. Inman, a former Department of Transportation official during Trump's first term and a Biden appointee, categorically denies these accusations, labeling his removal a "political hit job" and expressing his intent to legally defend his reputation. This marks the second firing of a Biden-appointed NTSB member by the Trump administration within the past year.
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CBS NewsThe Pentagon has officially identified Army Sgt. Benjamin Pennington, a 26-year-old from Glendale, Kentucky, as the seventh U.S. service member to die in the ongoing Iran war. Sgt. Pennington tragically passed away on Sunday from severe wounds he received during an Iranian strike at Prince Sultan Air Base in Saudi Arabia on March 1. He was assigned to the 1st Space Battalion, 1st Space Brigade in Fort Carson, Colorado, part of the Army Space and Missile Defense Command. Vice President JD Vance, speaking at a conference in Washington, announced that Pennington's remains were expected to be returned to the U.S. later that day, highlighting the profound sacrifices made by military personnel.
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CNBCThe Miami Dolphins are releasing quarterback Tua Tagovailoa, incurring an NFL-record $99 million in dead money against their salary cap, spread across two years. Tagovailoa, drafted fifth overall in 2020, signed a $212.4 million extension less than two years ago but struggled with inconsistency and multiple concussions. General Manager Jon-Eric Sullivan stated the team is moving in a new direction to build a sustained winner, while Tagovailoa expressed gratitude for his time in South Florida. Meanwhile, the Kansas City Chiefs are reportedly signing Super Bowl MVP running back Kenneth Walker III, and Travis Kelce is returning for a 14th season.
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The GuardianGermany's far-right Alternative for Germany (AfD) party secured its best-ever result in a western German state election, winning 18.8% of the vote in Baden-Württemberg, an economically strong region. This success indicates the party's growing establishment across German society, driven by anti-immigrant sentiment and a pro-gasoline engine stance. Despite the strong showing, AfD leaders appeared unsatisfied, as they fell short of their 25% goal and faced internal criticism over leadership and nepotism allegations. The AfD's success was particularly strong among workers and non-voters, yet the Green Party ultimately received the most votes and will retain the state premier office.
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Deutsche WelleZoe Williams reflects on the significance of International Women's Day, urging a look beyond its commercialized aspects to confront a global backdrop of rising misogyny, Christian nationalism, and white supremacism. She points to alarming examples, including a U.S. Secretary of War endorsing "household voting" where married women submit to husbands, and an influencer advocating for "breeding gulags" for women. Williams delves into the potential motivations behind such rhetoric, questioning if it stems from birthrate anxiety linked to replacement theory or a "libidinal assemblage" of fascist movement-building. This article underscores how gender relations, once seemingly outside an atheist's concern for Christianity, have become a pervasive and urgent societal issue for everyone.
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The GuardianA federal government alert, based on intercepted encrypted communications, indicates that Iran may be activating "sleeper assets" outside the country following the death of Ayatollah Ali Khamenei. The transmission, believed to be of Iranian origin and relayed across multiple countries, appeared encoded and destined for "clandestine recipients" with encryption keys, suggesting instructions for covert operatives. Although the alert specifies "no operational threat tied to a specific location," it instructs law enforcement agencies to heighten monitoring of suspicious radio-frequency activity. If the contents prove true, this intelligence would confirm long-held fears among officials that sleeper cells deployed around the West could be utilized for retaliation after the recent U.S.-Israeli strikes on Iran.
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Historian Rhae Lynn Barnes, in her book "Darkology: Blackface and the American Way of Entertainment," reveals the pervasive and hidden history of amateur blackface performances in the U.S. Barnes discovered that blackface minstrel shows, often promoted by the Works Progress Administration during the Great Depression, were a mainstream form of entertainment, extending beyond professional stages to community groups and even children's performances. She notes that the slogan "Make America Great Again" and similar phrases originated in these shows, which romanticized slavery and promoted racist propaganda. Barnes credits the Civil Rights era and particularly mothers for successfully de-popularizing blackface in schools and wider culture by the 1970s.
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NPRLas Vegas gambler R.J. Cipriani has filed a $150 million fraud lawsuit against Paramount Skydance President Jeff Shell, alleging Shell reneged on an oral agreement to develop a music show. Cipriani claims he provided "crisis communications services" to Shell for 18 months, helping to quell negative stories, in exchange for co-executive producer credits on the show "Serenata De Las Estrellas." The lawsuit portrays Shell as indiscreet, allegedly sharing sensitive information about Paramount deals. Cipriani, known for aiding the FBI and exposing industry misconduct, also filed a whistleblower complaint with the SEC regarding alleged disclosure of material information by Shell.
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LA TimesA charity specializing in English Special Educational Needs and Disabilities (SEND) law, IPSEA, warns that proposed government reforms will "strip away" legal protections for children needing support. The reforms, part of a broader Schools White Paper, aim to streamline the system but could weaken individual rights by replacing current Education, Health and Care Plans (EHCPs) with new specialist provision packages. IPSEA is concerned that support will depend on a "band" system rather than individual needs, and new Individual Support Plans (ISPs) lack enforceable provision. The charity argues these changes would reduce parents' appeal rights and empower local authorities, potentially leaving more children without adequate school placements.
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BBCA U.S. Navy submarine sank the Iranian frigate IRIS Dena off Sri Lanka, killing 87 sailors and escalating the U.S.-Iran conflict beyond the Persian Gulf. The Iranian warship was returning from a naval exercise hosted by India, which maintained silence on the incident before its Foreign Minister commented on the "reality of the Indian Ocean." This event challenges India's neutrality, drawing criticism from opposition parties for Prime Minister Modi's silence and raising questions about India's regional security management. The strike, the first U.S. submarine attack since WWII, occurred while the Iranian ship was reportedly unarmed after the exercise.
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Deutsche WelleThe Strait of Hormuz, a vital global oil artery, has seen ship traffic virtually halt due to the U.S.-Israeli war with Iran, causing crude prices to surge above $100 a barrel. This strategic choke-point, ordinarily handling 20% of global oil, is deemed too dangerous for transit, impacting energy costs and U.S. gas prices. Analysts warn that a prolonged closure could lead to an "epochal" oil market crisis, despite potential alternative pipelines which offer only limited capacity. President Trump announced U.S. insurance for ships and potential Navy escorts, as experts debate the duration of the disruption and Iran's capacity to maintain the blockade.
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CBS NewsHome Equity Line of Credit (HELOC) interest rates have experienced a significant decline of over two and a half percentage points in the past 18 months, reaching 7.18% by early March 2026, according to Bankrate data. This substantial drop is attributed to the Federal Reserve's recent interest-rate cuts, making HELOCs an increasingly appealing option for homeowners who currently hold record-high levels of tappable equity. Unlike traditional fixed-rate home equity loans, HELOCs feature variable interest rates that adjust monthly with market conditions, potentially offering further savings if rates continue their downward trend later this year. Prospective borrowers should thoroughly review their credit scores, actively compare offers from various lenders, and carefully calculate potential costs across a range of realistic rate scenarios before formally applying for funds. (not investment advice)
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CBS NewsHeartfelt tributes are pouring in for Amelia Aplin, a talented 15-year-old Oxford United academy goalkeeper, who tragically passed away after collapsing during a football match on Saturday afternoon. The incident occurred during a Junior Premier League game against Fulham at the club's training center. Amelia's school, Aylesbury High, remembered her as a "much loved, bright and talented" student and a "cherished member" of their community, while numerous football clubs and her former swimming club expressed profound shock and sympathy for her family. The Junior Premier League noted Amelia was "an enormously talented goalkeeper" and a "bright light" in their program, with plans to honor her memory in the coming days.
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BBCJim Cramer discussed the Dow's significant decline, attributing it to rising oil prices and concerns about stagflation, leading him to trim Cisco shares for liquidity. He highlighted GE Vernova, which received a double upgrade to a "buy" rating from Rothschild, praising its accelerated demand for AI and gas turbines as a "terrific story" with substantial upside potential and a significantly raised price target. Cramer also addressed Wolfe Research's downgrade of Starbucks to a "hold" rating, disagreeing with their concerns about competition and reaffirming his strong confidence in CEO Brian Niccol's strategic decisions. The article further mentioned other stocks like Netflix, Citizens Financial Group, Truist Financial Corporation, and Zions. (not investment advice)
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CNBCKing Charles lauded the Commonwealth as a force for unity in a "fragmented world" during the annual Commonwealth Day service, the largest royal gathering since Andrew Mountbatten-Windsor's arrest. The event at Westminster Abbey was met by anti-monarchy protests questioning the royals' knowledge of Mountbatten-Windsor's links to Jeffrey Epstein. Over 1,800 guests attended, with performances and readings, as the King's message emphasized the Commonwealth's role against global challenges like conflict and climate change. Future discussions among Commonwealth leaders will include whether Andrew should retain his place in the line of succession, a move requiring legislative approval from the UK and 14 realms.
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BBCFive members of the Iranian national women's soccer team have sought asylum in Australia after declining to sing their national anthem during the Asian Cup, drawing condemnation as "traitors" from Iranian state television. Iranian opposition figure Reza Pahlavi confirmed their asylum seeking, stating they joined Iran's "Lion and Sun Revolution." Australian authorities have been urged to assist the women, who reportedly received police protection after leaving their hotel. While some players later sang the anthem under apparent duress, fans demonstrated outside the team bus, urging them to stay safe in Australia, highlighting fears for their safety and families back home.
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CBS NewsU.S. gasoline prices continued their upward trajectory, reaching an average of $3.48 per gallon, as the U.S.-Israeli war with Iran drove oil prices above $100 per barrel for the first time since 2022. This significant surge, marking a 48-cent increase in just one week, is primarily attributed to the conflict disrupting the flow of oil through the strategically vital Strait of Hormuz. JPMorgan Asset Management's chief global strategist, David Kelly, anticipates that elevated gas prices could persist until the fall due to higher seasonal demand expected this summer. GasBuddy analyst Patrick De Haan further predicted an additional 20 to 50 cents per gallon increase this week, emphasizing that oil costs comprise approximately 60% of pump prices.
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CBS NewsLive Nation, including Ticketmaster, has reached a tentative settlement with the U.S. Justice Department in an antitrust case prompted by the chaotic Taylor Swift Eras Tour ticket sale. The agreement, pending judicial approval, requires Live Nation to allow other vendors to sell tickets and artists to hire different promoters for its venues. It also mandates the divestment of up to 13 concert halls and a $280 million payment to nearly 40 states involved in the lawsuit. The judge overseeing the case expressed annoyance at being informed late, and some states have declined the settlement, vowing to continue litigation against the company's alleged monopoly.
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BBCThe U.S.-Israeli war with Iran has entered its tenth day, marked by extensive strikes across Iran and the Middle East, including Israeli attacks on Iran and targets in Lebanon, and Iranian missile/drone attacks on Gulf states. Over 1,200 civilians have reportedly been killed in Iran, with seven U.S. service members also deceased. Satellite imagery confirms damage to Iranian military bases, oil facilities, and a nuclear site, alongside a girls' school where over 160 civilians died. Iran has launched hundreds of attacks, disrupting shipping in the Strait of Hormuz. The article details the geographical spread and impact of the escalating conflict.
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BBCScott MacFarlane, a high-profile Justice Department correspondent for CBS News, has announced his departure from the network after five years, stating it was his personal decision. MacFarlane expressed appreciation for his time at CBS and indicated he looks forward to pursuing independent work and new spaces to share his journalism. His exit is notable as the first significant departure since Paramount's acquisition of Warner Bros. Discovery, a deal that could lead to a merger of CBS News with CNN and substantial organizational changes. There are reports of concern among CBS News journalists regarding potential upheaval, particularly with Bari Weiss joining as editor-in-chief, tasked with moving the division to the political center.
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LA TimesDonald Trump has threatened to veto all legislation until Congress approves the "Save America Act," a bill aimed at significantly curtailing voting access. Fixated on unsubstantiated claims of noncitizen voting, Trump demanded immediate passage of a non-watered-down version, including voter ID, proof of citizenship, mail ballot bans, and unrelated bans on transgender participation in women's sports and gender-affirming surgeries for minors. The bill, which passed the House but faces steep odds in the Senate, would require documentary proof of citizenship to register, potentially disenfranchising millions of Americans. Voting rights advocates warn it would disproportionately affect younger voters and people of color.
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The GuardianPalestinian activist Mahmoud Khalil, recently released from ICE detention, penned a poignant letter to Leqaa Kordia, a fellow Palestinian detained for nearly a year. Khalil reflects on their shared refugee status, the trauma of detention, and the "Palestine exception" where constitutional rights are allegedly suspended for those speaking about Palestine. He condemns the denial of halal food and dignity in detention, emphasizing the stolen Ramadans and the deep connection forged through their common struggle against displacement and silencing. Khalil vows to carry Kordia's struggle until her freedom, underscoring the resilience of Palestinians in the face of adversity.
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The GuardianPrediction markets are facing intense scrutiny over allowing bets on sensitive geopolitical events related to the Iran war, including regime change and nuclear detonations. Polymarket recently archived markets on nuclear detonation timing after attracting significant wagers, drawing public outcry and prompting calls for tighter regulation. Critics argue these platforms could incentivize conflict or reward access to classified information, with lawmakers proposing bills to restrict such markets and prevent insider trading by government officials. Kalshi, another platform, previously faced backlash for a market on Iran's supreme leader's ouster, highlighting the ethical dilemmas and regulatory challenges in this rapidly growing industry. (not investment advice)
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CNBCA Brazilian Cup soccer final between Cruzeiro and Atletico Mineiro was severely marred by a massive brawl in the closing seconds, resulting in an astonishing 23 red cards and requiring intervention from military police. The violence ignited after a challenge by Cruzeiro midfielder Christian on Atletico goalkeeper Everson, who retaliated by rugby-tackling his opponent and striking him. Former Brazil forward Hulk, playing for Atletico, was among the numerous players sent off after being seen punching an opponent. Both clubs subsequently issued statements condemning the aggression, with Hulk personally apologizing to fans and children. Despite the chaotic and regrettable end, Cruzeiro ultimately secured a 1-0 victory in the Campeonato Mineiro final, claiming the state championship.
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CBS NewsAnalysts are warning of a potential "game-changing and unprecedented" energy crisis, with oil prices possibly surging further, as the U.S.-Israeli strikes across Iran intensify. International benchmark Brent crude and U.S. West Texas Intermediate futures saw significant jumps, though they later pared gains. Neil Atkinson, former head of oil at the IEA, stated the effective closure of the Strait of Hormuz is unprecedented, threatening global oil stocks and potentially leading to production shut-ins in Middle Eastern countries. G7 finance ministers are holding an emergency meeting to discuss a joint release of petroleum reserves, but experts remain skeptical about a quick resolution. (not investment advice)
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CNBCThe Los Angeles Police Department has identified 35-year-old Ivanna Ortiz as the woman arrested for allegedly firing multiple shots at the Beverly Hills home of pop music star Rihanna. Ortiz was subsequently booked for attempted murder, with her bail set at a substantial $10.225 million. Officers were dispatched to the residence on Sunday afternoon following reports of gunfire, where they located Ortiz's vehicle approximately eight miles away and recovered the weapon used, identified as an assault rifle. Seven "assault rifle casings" were discovered at the home, and aerial footage showed multiple gunshot holes in the front gate, though fortunately, no injuries were reported during the incident.
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CBS NewsPennsylvania State Corporal Tim O'Connor was tragically shot and killed during a traffic stop on Sunday night in Chester County, authorities confirmed. Governor Josh Shapiro issued a statement expressing profound heartbreak, emphasizing that Pennsylvania had lost one of its finest in the line of duty. Detectives from both the state police and the Chester County District Attorney’s Office have launched a joint investigation into the fatal shooting. Governor Shapiro was present at Paoli Hospital to support O'Connor’s wife, Casey, and his parents, extending his deepest condolences for their young daughter and the entire grieving family. This incident represents a significant and tragic loss for the state's law enforcement community.
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An attempted bomb attack during a Saturday protest outside New York City Mayor Zohran Mamdani's residence is being investigated by the NYPD and FBI as "ISIS-inspired terrorism." Police Commissioner Jessica Tisch confirmed that two men, Emir Balat and Ibrahim Kayumi from Pennsylvania, are in custody and federal charges are expected. Tisch stated the thrown devices were improvised explosive devices containing TATP, capable of causing serious injury or death. The attack, which targeted right-wing protesters at an anti-Muslim rally, has prompted heightened alert in NYC since the start of hostilities in Iran, though no direct link to the war has been established.
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NPRJack Schlossberg, grandson of John F. Kennedy, has publicly criticized the new FX series "Love Story," urging viewers to regard it as "fiction." The series, which dramatizes the romance of JFK Jr. and Carolyn Bessette Kennedy, also drew strong condemnation from actress Daryl Hannah, who dated Kennedy in the 1990s. Hannah labeled the scripted dialogue "appalling" and rejected her portrayal as "irritating, self-absorbed, whiny and inappropriate," stating it's "not even remotely accurate." She specifically denied fabricating moments like cocaine use and noted the show has triggered hostile messages from viewers who believe the depiction is factual.
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CBS NewsA new lawsuit alleges the Trump administration is using immigration policy to suppress free speech by targeting noncitizen academics and researchers who study social media, fact-checking, or disinformation. Filed by Columbia University's Knight First Amendment Institute and Protect Democracy, the suit claims an official policy denies visas or deports noncitizens involved in activities deemed "censorship" of Americans' speech. This policy has created "pervasive fear," leading researchers to self-censor, avoid travel, and change their work focus. The State Department previously revoked visas for foreign officials and advocates, including members of the Coalition for Independent Technology Research, whom the administration accused of stifling speech.
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NPROnline rumors claiming Israeli Prime Minister Benjamin Netanyahu fled to Germany or that his son was living luxuriously in Miami amidst the U.S.-Israeli war with Iran have been debunked by a DW Fact check. Pictures of the Israeli government plane in Berlin were misleading; only crew members were aboard, and the plane was there for safety, while Netanyahu had appointments in Israel. Similarly, images of his son Yair by a pool were old, and Yair himself posted a selfie from Jerusalem, refuting claims of him being in Miami. This article highlights the spread of misinformation during times of conflict.
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Deutsche WelleAhead of President Trump's second term and the Iran war, his administration reportedly cut back the Pentagon's civilian protection safeguards, dismantling efforts to minimize noncombatant deaths. A unit established to devise strategies for protecting civilians saw dramatic staff reductions, with personnel focused on preventing civilian harm reduced by 90%. Defense Secretary Pete Hegseth, who advocates a "warrior ethos" over "woke" policies, has been defiant amidst reports of civilian casualties, including a strike on a girls' school. Critics argue these changes increase the potential for civilian harm by prioritizing lethality over careful strike planning, despite previous efforts to learn from past conflicts.
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The AtlanticChinese computer scientist Gao Wen, a member of the Chinese Academy of Engineering, expressed skepticism regarding Elon Musk's theory of establishing space-based AI data centers. He asserted that electricity demand does not represent a major bottleneck for AI data centers within China, thus diminishing the immediate rationale for relocating them into orbit. While acknowledging the theoretical benefits of in-orbit processing to filter data and enhance efficiency by sending back only pertinent information, Chinese experts do not perceive a compelling need for such a move. This stance contrasts with Musk's SpaceX, which had filed a request to deploy a constellation of up to one million orbital data center satellites, highlighting differing strategic priorities in AI infrastructure development.
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South China Morning Post