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Inside The Major Bill Poised To Reshape The US Housing Market

Inside The Major Bill Poised To Reshape The US Housing Market

Authored by Andrew Moran via The Epoch Times,

The United States may be on track to implement the first comprehensive housing legislation in decades.

For the past several years, housing affordability has been a significant subject across the country, with many young people struggling to achieve the dream of homeownership.

Lawmakers on both sides of the aisle have tried to reverse the trend by advancing the 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025.

Here is a look inside the sweeping housing package and the path to passage.

Inside the Act

Although the current administration has examined strategies to expand access to the housing market, the bipartisan legislative initiative aims to bolster supply for middle-class families.

The bill’s main provision is a limit on institutional investors’ purchases of single-family homes.

Both chambers tweaked the proposal.

The Senate approved language that requires major investors who build single‑family rental homes to sell those properties within seven years.

The House’s version still aims to rein in Wall Street’s footprint in the single‑family market, but its latest draft eases the restrictions.

Lawmakers added wider exemptions for institutional buyers of newly constructed rentals, homes needing substantial renovation, and several other categories.

Other measures aim to facilitate more construction, including incentives to build more homes, convert abandoned buildings into housing, and modernize existing homes.

In addition, Washington bolstered eligible income limits for the HOME Investment Partnerships Program, a federal block grant program that state and local governments use to build, maintain, and support affordable housing for low‑income households.

Officials created a Housing Supply Framework to enable best practices in state and local zoning and land use.

The legislative text also expands banks’ authority to make public welfare investments supporting affordable housing. The bill raises the cap for banks’ public welfare investments to 20 percent from 15 percent.

Lawmakers removed the permanent chassis requirement for manufactured homes. The long-standing federal rule required that manufactured homes be constructed on a permanent steel frame to qualify under the federal construction code.

It also includes the Modular Housing Production Act and other reforms to streamline the production of factory-built housing.

There was also some focus on the demand side of the equation. For example, the bill establishes incentives for mortgage lenders to originate small-dollar mortgages—typically less than $100,000—to address the financing gap for low-cost homes. Additionally, Congress updated rules on appraisal standards and fees for these small-dollar loans.

The 21st Century ROAD to Housing Act includes reforms to Veterans Affairs housing policies. The major changes include expanding access to Veterans Affairs home loans, improving consumer protections for borrowers, and enhancing housing support for disabled and homeless veterans.

Congressional Path

Unlike other pieces of legislation, the housing affordability bill has moved quickly through Congress—something that President Donald Trump had requested.

Rep. French Hill (R-Ark.), chairman of the House Financial Services Committee, introduced legislation in December 2025. Two months later, it passed 390–9 in the lower chamber.

As it arrived in the upper chamber, senators made substitutions rather than take up the House bill. The amended legislation passed 89–10 and was sent back to the House, where it passed 396–13.

It will now be delivered to the Senate for final approval.

Senate Banking Committee Chairman Tim Scott (R-S.C.) and Ranking Member Elizabeth Warren (D-Mass.) said the bipartisan housing bill will provide relief for families nationwide.

“We worked closely with the White House and our colleagues in both chambers on a bill that puts families first and addresses the housing crisis,” they said in a May 20 joint statement.

“There’s still work to be done and we are committed to continuing to work with the White House and our colleagues in the House on a housing bill that can pass the Senate and get to the president’s desk.”

What the Industry Says

The housing industry widely lauded Congress for moving ahead with the legislation.

Shortly after the House passed the bill, the National Association of Home Builders noted that it addresses several problems facing Americans today, mainly housing shortages and affordability challenges.

“The bottom line is that the housing crisis is a supply problem,” Bill Owens, the group’s chairman, said in a statement.

“Congress can help by improving access to capital, strengthening workforce pipelines, expanding the availability of buildable lots and reducing excessive regulatory costs and permitting delays.

“If we want to make housing more attainable, we must make it easier and less expensive to build.”

Emily Cadik, CEO of the Affordable Housing Tax Credit Coalition, stated that increasing the banks’ public welfare investment cap to 20 percent will “unlock billions of dollars in new private investment.”

“Additional changes in the updated House legislation will further strengthen our ability to finance more affordable housing to address our nation’s immense need,” Cadik said in a statement.

The House passing the Senate’s amended version would both enhance housing supply and expand access to affordable mortgage credit, said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.

“[The legislation] will help advance meaningful housing affordability solutions for our nation’s homeowners and renters,” he said.

Tyler Durden
Mon, 06/01/2026 – 09:35

SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak

SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak

One week, unions are threatening labor action at memory giant Samsung. The next, SK Hynix suffers an industrial accident. Together, the events highlight just how fragile the global memory supply chain has become at a time when AI data center buildouts have already pushed memory chip supply into extraordinarily tight territory.

South Korea’s main national wire service, Yonhap News Agency, reports that SK Hynix, the world’s second-largest DRAM producer, evacuated about 3,600 workers from its Cheongju semiconductor factory in South Korea after a fire and toxic gas leak.

The fire erupted Monday mid-morning in a sixth-floor gas room connecting the M15 and M15X plants and was quickly extinguished by the factory’s fire suppression system. Seven people were injured.

SK Hynix believes the incident may have originated from a gas pipeline, adding that production lines for critical memory chips were not impacted.

SK Hynix is one of the world’s top three memory chip companies, alongside Samsung and Micron. It controlled about 32% of the DRAM market in 4Q25, behind Samsung at 36% but ahead of Micron at 22.4%, according to TrendForce data.

This means that if the industrial accident had been more severe, any real production disruption at SK Hynix could have sparked a surge in DRAM prices. In other words, SK Hynix is a bottleneck supplier for the AI trade.

Our report early last week added to optimism in the DRAM and NAND memory chip markets because there is new evidence that China is flooding the chip market.

The Amazon price-tracking website CamelCamelCamel shows that retail pricing for DDR5 64GB memory chips dropped from $925 to about $853 in late May. Prices were around $200 one year ago.

We first outlined that hoarded supplies would begin to hit the market in late March.

 

 

 

Tyler Durden
Mon, 06/01/2026 – 07:20

Millions Of Americans Are Giving Up On Buying New Cars

Millions Of Americans Are Giving Up On Buying New Cars

A growing number of Americans can no longer afford to buy new vehicles. Since 2020, roughly one million potential buyers have exited the market, and industry forecasts suggest they are unlikely to return soon, according to Wall Street Journal

Although automakers initially expected sales to recover to pre-pandemic levels, persistent economic pressures have kept demand below earlier expectations.

Before COVID-19, U.S. new-vehicle sales typically reached around 17 million units annually. Today, most forecasts place demand closer to 16 million vehicles or less, with little chance of a full recovery in the near future. One major reason is cost: the average new vehicle now sells for nearly $50,000, and many models exceed $55,000. As entry-level options disappear, new cars have become increasingly out of reach for middle-income households.

The WSJ writes that automakers recognize that affordability has become a major obstacle. While some companies have announced plans to introduce less expensive models, substantial price reductions are not expected anytime soon. Rather than competing through discounts, manufacturers have concentrated on producing higher-margin vehicles such as pickups, SUVs, and premium trims.

The industry’s approach changed during the pandemic, when supply shortages limited production but allowed companies to maintain strong profits through higher prices. That experience convinced many automakers that selling fewer vehicles can be more profitable than chasing volume through aggressive incentives. As a result, manufacturers have become more cautious about discounting and more focused on protecting profit margins.

Consumers who are priced out of the new-car market often look to used vehicles instead, but prices there have also risen significantly. Many households have responded by delaying purchases altogether and keeping their current vehicles longer. This trend has pushed the average age of cars and light trucks on U.S. roads to a record level of roughly 13 years.

At the same time, automakers face mounting expenses from tariffs, supply-chain challenges, and large investments in electric vehicle development. These costs further reduce the incentive to prioritize low-priced vehicles. Companies such as GM and Ford continue to emphasize trucks, SUVs, and other profitable models that generate stronger returns than compact economy cars.

Some manufacturers, including Stellantis, have pledged to expand their lineup of lower-cost vehicles in the coming years. Meanwhile, brands such as Toyota, Nissan, and Hyundai still offer some of the market’s more affordable options, although they too have increasingly shifted toward SUVs and larger vehicles.

Industry analysts increasingly believe that annual U.S. vehicle sales may remain below the pre-pandemic norm for years to come. Returning to the 17-million-unit level would likely require a much larger supply of vehicles priced under $40,000. Until that happens, many consumers will continue postponing purchases and extending the life of the vehicles they already own.

Tyler Durden
Mon, 06/01/2026 – 06:55

The Road To Hell Is Being Paved With Suicidal Empathy

The Road To Hell Is Being Paved With Suicidal Empathy

Authored by Bronwyn Eyre via The Epoch Times,

In his book-cover endorsement of “Suicidal Empathy: Dying to Be Kind,” author Bruce Bawer calls it “easily more important than any book in recent memory.” Elon Musk adds: “Western civilization is doomed unless the core weakness of suicidal empathy is recognized and actions are taken.”

They’re right. Professor Gad Saad’s newest book will jar your mindset and leave you with a degree of shock. You’ll want to tell others about it, and it will be a bestseller (in fact, it already is).

The book cover’s sketched lamb holding a sign reading “FREE THE WOLVES” delivers the book’s thesis in a nutshell—that the madness of misplaced empathy toward alien entities, cultures, and religions is suicidal. And the Western world—or at least a critical mass of its cultural and political influencers—is sold on the idea.

The book is freighted with stunning examples of lunatic policies that prioritize marginalized groups over cherished time-tested Judeo-Christian tenets, customs, and practices. In his chapter “Cultural Theory of Mind,” for instance, Saad discusses how both the British police and government declined “over several decades” to intervene in the “organized sexual exploitation of young white girls by ‘Asian’ grooming gangs across countless cities on an industrial-scale level … lest they might be accused of bigotry or, worse, Islamophobia.”

Some instances of suicidal empathy occur where you’d least suspect it. Traditionally, for example, merit and scientific aptitude have comprised the hallmark for entrance into medicine. But according to Saad, CanMEDS (which develops professional codes for physicians and surgeons in Canada) has devised a new model that “would seek to centre values such as anti-oppression, anti-racism, and social justice, rather than medical expertise.”

He then provides a 150-word statement elaborating on CanMEDS’ 2025 renewal guidelines—ones that address “ongoing structures of racism, white supremacy, settler colonialism, heteropatriarchy, capitalism, ableism, classism, sexism, homophobia, transphobia, and more.”

Suicidal empathy—a Saad coinage, by the way—has become well-implanted in Canadian universities.

The University of Waterloo’s Cheriton School of Computer Science recently advertised for two positions—one in AI, the second in computer science. Position one “is open only to qualified individuals who self-identify as woman, transgender, gender-fluid, non-binary, or Two-spirit” while position two “is open only to qualified individuals who self-identify as a member of a racialized minority.”

Not to be outdone, the University of British Columbia recently advertised for a chair in oral cancer research. “The selection,” read the ad, “will be restricted to members of the following federally-designated groups: people with disabilities, Indigenous people, radicalized people, women, and people from minoritized gender identity groups.”

So that’s how the empathy cookie crumbles these days. Illegal immigrants are welcomed by the hundreds of thousands and often more accommodated than tax-paying citizens. Hamas terrorists are noble; Israel’s IDF “genocidal.” Squatters are prioritized over residents. Twerking drag queens entertain kindergartners during reading hour. Foreign aid is sluiced out with no strings attached. The “unhoused” occupy and despoil public parks. Free needles are handed out with little expectation they’ll be returned. Medical and fire department personnel are burned out by the coddling of street addicts.

Saad notes an academic movement that actually seeks to change the term “pedophile” to “minor-attracted people” (MAPS). In one of its papers entitled “Humanizing Pedophilia as Stigma Reduction,” the abstract begins: “The stigmatization of people with pedophilic sexual interests is a topic of growing academic and professional consideration, owing to its potential role in moderating pedophiles’ emotional well-being. Thus, reducing stigmatization toward this group is of paramount importance.”

My favourite example of suicidal empathy? That’s a tough one, but I’ll go with the government grant awarded to researchers at Concordia University to de-colonize light. On their “Decolonizing Light” website, the researchers explain that the “website explores ways and approaches to decolonize science, such as revitalizing and restoring Indigenous knowledges, and capacity building. The project aims to develop a culture of critical reflection and investigation of the relation of science and colonialism.”

It’s somewhat reassuring that the phenomenon of suicidal empathy has existed, in some form, for centuries. Saad cites two Aesop’s Fables—in one case, a kindly farmer takes a freezing viper into his warm coat pocket but is fatally bitten when the viper warms. In another, a scorpion convinces a frog to carry him across the river on his back then fatally stings the frog, because it’s in his nature to do so.

How proud one could feel if our political leaders were wise to the folly of misplaced empathy. But as Saad puts it: “Two former Canadian prime ministers, Pierre Elliott Trudeau and his son Justin Trudeau, are perfect exemplars of Western political leaders who have destroyed their nation’s cultural fabric via their empathetic commitment to cultural relativism.”

That might explain why, in 2017, Justin Trudeau authorized a $10.5 million payout to Omar Khadr for Canada’s alleged complicity with the United States in the violation of Khadr’s constitutional rights at Guantanamo Bay. He had killed an American soldier in the Afghan war and spent years in that prison, but was eventually handed over to Canadian authorities.

Saad, who fled the Lebanese civil war with his Jewish parents (who had earlier been kidnapped and ill-treated by the Palestine Liberation Organization), settled in Montreal and was taken on by Concordia University in 1994 as a marketing professor. He now terms himself an “evolutionary behavioural scientist.” He recently revealed on the Joe Rogan podcast that, amid repeated death threats, he’s leaving Canada to live in the United States.

Saad told the National Post: “I love Canada, but there comes a point where the abject antipathy that you experience from Canadian society forces you to look elsewhere to a place where you might be appreciated and allowed to flourish.” He’s now a scholar at the Center for the Study of American Freedom at the University of Mississippi.

A while back, I reviewed Piers Morgan’s latest book “Woke Is Dead” and wrote that it “might go a long way toward straightening out an age—as his subtitle states—‘of total madness’ for all of us.” Perhaps more than I realized at the time, Morgan’s optimism may involve too much wishful thinking. For, alas, Saad’s ominous outlook trumps Morgan’s auspicious one. Morgan himself revealed doubts in saying, for example, that “we must keep pounding” against wokeism and “woke is dead … but we’re not totally in the clear.”

Saad tells how, in March of 2024, he posted some thoughts on his X feed regarding the “suicidal empathy” he felt is sending the West “into a death spiral.” He received an email from the publisher of Broadside Books with a link to the post and the comment, “Here’s your book idea.”

That idea is in sync with previous thinkers and writers. Arnold Toynbee argued that societies collapse when they fail to intelligently respond to new challenges. Thomas Sowell believed that the intelligentsia often espouse policies that make them feel virtuously compassionate, while being decoupled from the negative consequences of said policies. James Burnham, in his “Suicide of the West“ (1964), wrote that “suicide is probably more frequent than murder as the end phase of a civilization.”

So Saad is in good company in holding that the “West’s elitist progressive political class is infected by a mind parasite that causes its empathy module to misfire in every conceivable manner. Many of the policy decisions that are wreaking havoc in the West stem from this poor calibration of empathy, resulting in a society that is galloping toward the abyss of infinite lunacy.”

Hon. Bronwyn Eyre, LLB, is a Senior Fellow with the Aristotle Foundation for Public Policy and Saskatchewan’s former Minister of Justice, Attorney General, and Minister of Energy.

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

Tyler Durden
Mon, 06/01/2026 – 06:30

US Adult Cigarette Smoking Rate Hits Another All-Time Low

US Adult Cigarette Smoking Rate Hits Another All-Time Low

Via Headline USA,

The cigarette smoking rate among U.S. adults dropped to another all-time low last year, with 1 in 11 adults saying they were current smokers, according to government survey data released this week.

Cigarette smoking is a risk factor for lung cancer, heart disease and stroke, and it’s long been considered the leading cause of preventable death.

The preliminary findings from the Centers for Disease Control and Prevention were based on survey responses from more than 24,200 adults. In the survey, CDC officials defined current cigarette smoking as smoking at least 100 cigarettes in a lifetime and now smoking every day or some days.

In the mid-1960s, 42% of U.S. adults were smokers. The rate has been gradually dropping for decades, due to cigarette taxes, tobacco product price hikes, smoking bans, public education campaigns and changes in the social acceptability of lighting up in public.

In 2024, the percentage of current adult smokers fell below 10% for the first time. Last year, it was 9%, according to the new survey.

The use of electronic cigarettes has been inching up among adults, but has held about steady in 2025, at about 7%.

“The continued decline in smoking is a monumental public health achievement that has saved millions of lives and billions in healthcare costs,” said Yolonda Richardson, president and chief executive of the Campaign for Tobacco-Free Kids, a Washington, D.C.-based advocacy and research organization.

Richardson said current smoking-prevention efforts have been set back by cuts President Donald Trump’s administration made that eliminated the Centers for Disease Control and Prevention’s Office on Smoking and Health and its “Tips from Former Smokers” advertising campaign.

She cited estimates that the “Tips” campaign alone helped more than 1 million Americans quit smoking and saved over $7.3 billion in healthcare costs.

“This critical work must be restored and sustained to continue reducing smoking-related disease, death and healthcare costs nationwide,” Richardson said.

Tyler Durden
Mon, 06/01/2026 – 05:45

German School Forces Teens To Design ‘Inclusive Brothel’

German School Forces Teens To Design ‘Inclusive Brothel’

Authored by Steve Watson via Modernity.news,

Parents across Germany are in uproar after a Catholic high school handed 13- to 15-year-olds the grotesque task of modernizing a brothel to make it “sexually inclusive” for every lifestyle and preference under the sun.

The assignment at Cardinal von Galen Gymnasium in Kevelaer, North Rhine-Westphalia, formed part of a “Sexual Education of Diversity” module. 

Students were told to simulate running an existing brothel in a big city, with a fixed floor plan they could only tweak by adding doors and staircases. 

They had to detail which sexual preferences the spaces must cater to, what “services” to offer, target groups, advertising, and crucially “what skills and abilities” the workers would need “so that all kinds of people could be served and satisfied.”

In what world is it OK to ask children to do this?

The workbook, titled “Puff für alle” – slang for “Brothel for All” – framed the exercise as responding to “developments in our society with a diversity of lifestyles and gender roles.”

Headmistress Christina Diehr defended the material to WDR, stating it was “deliberately designed to be provocative in order to stimulate discussion.” 

She added that it “addresses the heavy use of social media channels by children and young people and the associated flood of information about various forms of sexuality.”

After the worksheets leaked and sparked widespread fury on social media, the school held what it called “constructive” talks with parents, the teacher, and the class parents’ committee. 

Officials confirmed they will not re-issue the assignment and are now preparing alternative lessons on “diversity of lifestyles and sexuality.”

One older student pushed back sharply in comments to WDR: “People should be questioning the acceptance surrounding the topic of sex work… 95 percent of all sex workers being women, and a significant number of them being girls, I believe it’s inappropriate to address brothels in sex education and, above all, to fail to differentiate and explore the topic in an assignment.”

This sanitized, taxpayer-funded fantasy of “inclusive” prostitution arrives at the exact moment German schools and kindergartens are reeling from real-world sexual horrors inflicted by migrants who never should have been let near children.

As we previously highlighted, an 18-year-old Afghan asylum seeker intern at Brehm School in Düsseldorf allegedly dropped his trousers and exposed his erect penis to two second-grade girls while a teacher was present in the room. 

He had also groped the class teacher’s buttocks days before. The intern admitted the groping to police. The school only banned him after the girls’ parents raised the alarm themselves, and authorities noted schools often try to “keep a low profile” on such crimes.

In a separate case, a 35-year-old Syrian intern molested two four-year-olds in a Neubrandenburg kindergarten – touching a sleeping girl’s genitals and buttocks with sexual intent, then assaulting a boy who reported it to his parents. Kindergarten staff initially handled the first incident internally without calling police.

German schools are descending into chaos precisely because of mass migration. One report detailed entire institutions “dealing with hell” from violence, language barriers, and cultural clashes driven by unchecked inflows. 

Another school required permanent police guards after 118 crimes in a single year, including knife attacks and threats. 

Parents have pulled kids from daycare out of fear of neighboring asylum centers, while in some towns planned kindergartens were quietly converted into asylum housing instead.

Globalist policies have flooded communities with unvetted individuals from incompatible cultures while authorities sexualize and confuse native children with literal brothel-planning homework. 

Innocence is stripped on two fronts: ideological grooming in the curriculum and physical predation enabled by open borders.

Germany’s leaders have chosen experiments in “diversity” over the basic duty to protect the young. The result is traumatized kids, furious parents, and a system that lectures about inclusion while failing to deliver safety.

This cannot continue. Only nations that secure their borders, prioritize their own citizens, and reject both woke indoctrination and demographic replacement will spare their children this nightmare.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden
Mon, 06/01/2026 – 05:00

65,000 Small German Retail Stores Have Disappeared As Economic Downturn Hits Europe’s ‘Powerhouse’

65,000 Small German Retail Stores Have Disappeared As Economic Downturn Hits Europe’s ‘Powerhouse’

Via Remix News,

The number of small retail stores in Germany has declined drastically since 2010. According to a recent analysis by the credit agency Creditreform and the Handelsblatt Research Institute, there were 236,143 small retail stores with annual sales of less than €250,000 in 2010. For 2025, the sales tax statistics show only 170,770 such stores, a drop of 28 percent, reports Junge Freiheit.

Across all size categories, the number of stores shrank by only 16 percent during the same period, meaning the smaller, owner-operated players are being hit far harder. Small and medium-sized enterprises have been left with barely any financial reserves, a bad sign for the country’s battle with continuous bankruptcies.

According to the report, just over 316,000 retail stores overall remain. The German Retail Federation (HDE) warns that the number of stores could drop below 300,000 in 2026, threatening the vitality of city centers.

“The retail sector is among the fastest-shrinking sectors of the German economy,” Creditreform states in its report, with specialty stores in city centers, on side streets, and in shopping malls affected the most. Creditreform economist Patrik-Ludwig Hantzsch points to a combination of factors: inflation, consumer weakness, rising operating costs, and increasing competitive pressure.

In 2025, 2,440 retailers went bankrupt — a 9 percent increase increase over 2024— with fashion stores, bookstores, and bakeries particularly affected.

HDE President Alexander von Preen argues that politicians should lower energy costs and payroll taxes, while landlords should adopt more flexible, revenue-based rents to reduce vacancies.

Research from the Institute for Retail Research in Cologne shows that empty storefronts damage city centers by discouraging visitors, weakening city image, reducing foot traffic, and causing financial losses for municipalities and nearby businesses.

At the same time, non-food discount chains such as Action, Tedi, Hema, Woolworth, and Thomas Philipps are gaining market share in household goods, toys, stationery, and other categories. An IfH survey found that 85 percent of Germans have shopped at such stores in the past two years.

Creditreform says cities and retailers must adapt.

Traditional shopping-focused city centers are no longer effective in many areas, so cities should better combine shopping, leisure, dining, and living spaces. Small retailers are encouraged to focus on specialization, customer service, digital presence, and unique shopping experiences to remain competitive.

But with these changes, much of the identity of cities may be threatened.

“With the decline of smaller specialist retailers, many city centers are losing their distinctiveness and thus their heart,” says HDE CEO Stefan Genth.

With Germany battling an overburdened social systemsurging federal deficit, soaring energy prices, and a massive spike in crime and costs due to migration, the choice of retailers in city centers may be the least of its problems. And yet, this barometer pays testament to all the rest.

Read more here…

Tyler Durden
Mon, 06/01/2026 – 03:30

Shutting Down Federal Bee Labs Threatens The US Food System

Shutting Down Federal Bee Labs Threatens The US Food System

Authored by Jennie Durant via TheConversation.com,

America’s bees and beekeepers are losing a valuable ally just when they need its help most.

The U.S. Department of Agriculture plans to soon close the Beltsville Agricultural Research Center, a 6,500-acre agricultural research station in Maryland that is home to the nation’s premier bee research and disease diagnosis hub, the Beltsville Bee Research Lab.

The closure comes at a critical moment for bees. In winter 2025, many beekeepers lost over half their operations as pesticide-resistant varroa mites spread, bringing deadly viruses. The losses have led to low honey production, and soaring fuel costs have made shipping bees cross-country for agricultural pollination increasingly expensive, further stressing the industry.

Beekeeping involves keeping colonies as healthy as possible. Often, beekeepers need help. Allagash Brewing/FlickrCC BY

During my 14 years researching bees and beekeepers, and in writing my new book, “Bitter Honey: Big Ag’s Threat to Bees and the Fight to Save Them,” I’ve seen beekeepers frequently turn to the USDA bee labs for support during crises like this. Because honey bees contribute roughly US$15 billion to U.S. crop production – native and managed bees pollinate more than 130 crops – these labs help stabilize the nation’s food system.

Today, that scientific support system is at risk, just as beekeepers face their greatest challenges and native bee populations continue to decline.

Why the Beltsville Bee Lab matters

USDA’s bee researchers have served beekeepers for over 130 years, including nearly 90 years at the Beltsville station. One of the Beltsville Bee Lab’s standout services is its bee disease diagnostic service, where beekeepers can send samples for analysis free of charge.

Since the early 2000s, Beltsville researchers have helped beekeepers respond to varroa mites – a primary driver of high colony losses each year. Now, the lab is helping them prepare for a deadlier mite that is infesting honey bees in Asia, Tropilaelaps mercedesae, or “tropi” mites – by developing detection and response protocols that beekeepers can use to protect their colonies.

Varroa mites are the leading source of stress on honey bees, affecting half of all colonies at times. Other major stressors affect large numbers of colonies as well. Farm Doc Daily/University of Illinois

While the Beltsville Bee Lab supports beekeepers nationwide, it’s located in a prime farming and beekeeping region. Its closure would leave a critical research gap in the Northeast, where beekeepers help pollinate cranberries, squash, blueberries and other crops.

Its location has also allowed researchers to conduct extensive studies on winter colony losses, research that would be difficult to replicate at the remaining USDA bee labs, which are primarily located in more temperate climates.

Hidden costs of bee lab closures

The USDA states that it will decommission the entire Beltsville Agricultural Research Center because building maintenance and renovations would cost an estimated $500 million. But closing the lab could cost beekeepers, farmers and consumers far more.

For example, in winter 2025, beekeepers experienced their highest losses in U.S. history. Many opened their colonies in January that year and found that more than 60% of their colonies had died – nearly 1.7 million colonies nationwide. Beekeepers contacted Beltsville, and researchers quickly flew out to test affected colonies for pesticide residues, diseases and varroa mites, data that could help guide beekeepers’ treatment response.

Entomologist Jay Evans explains what the Beltsville Bee Lab does and the diseases bees face.

A few weeks later, as the lab’s scientists were working on the crisis, the Trump administration fired probationary researchers and staff at the bee labs, along with thousands of other employees across the USDA. The Beltsville team was hobbled, and the remaining staff restricted from communicating with beekeepers.

Because of the communication lockdown, it took nearly six months for researchers to deliver their findings. By then, the season was over and beekeepers had been forced to navigate the crisis on their own.

The loss of bee colonies ultimately cost beekeepers an estimated $600 million in lost honey production, pollination income and colony replacement costs – far more than the one-time projected costs to modernize the entire Beltsville Agricultural Research Center.

These losses can hit consumer pocketbooks too.

When beekeepers lose nearly half their operations, they often need to charge farmers more for pollination services to stay afloat. Those added costs can ripple through the food system and affect what everyone pays for the fruits, vegetables and nuts that depend on pollinators.

Beekeepers often transport their bees across the country to meet pollination needs and produce honey at different times of year. The map shows the movement of bees out of California to other states in summer and fall. Jennifer K. Bond, et al., USDA Economic Research Service, 2021

More cuts planned to US pollinator research

The Beltsville Bee Lab closure is not an isolated case. The administration has proposed eliminating the U.S. Geological Survey’s Ecosystems Mission Area, a move that could defund the USGS Bee Lab, an essential resource for research on native bees.

It also plans to decommission 16 USGS research centers nationwide, including the Northern Prairie Wildlife Research Center in North Dakota, the highest honey-producing state in the nation. For decades, beekeepers have brought colonies to forage on grasslands in the region. Researchers have been tracking how the shift from grasslands to crops has affected honey bee health and beekeeper revenue.

The U.S. Forest Service also faces widespread cuts, including the planned closure of 57 of its 77 research stations throughout the United States. Since the Forest Service manages over 193 million acres of federal lands that support native plants and pollinators, those closures could affect crucial pollinator habitat as well.

All kinds of bees are valuable for pollinating crops and flowers, not just managed honey bees. Jean Hort/Flickr Creative Commons

These closures risk a severe brain drain.

When the first Trump administration moved the USDA Economic Research Service from Washington to Kansas City, Missouri, in 2019, the agency lost over 75% of its experienced research staff. A recent survey suggests that history may repeat itself. If the reorganization goes through, farmers and beekeepers will lose experts with decades of institutional and technical knowledge.

The Beltsville Bee Lab is a key part of the often-unappreciated federal research infrastructure that supports the health of pollinators and the nation’s food supply.

If the USDA and the USGS move forward with their plans to close bee labs and research sites, the result could be slower responses to bee threats, weaker tracking of native bee populations and diminished pollinator habitat for bees – all of which raise costs and risks for beekeepers, farmers and everyone who depends on the food system.

Tyler Durden
Sun, 05/31/2026 – 23:20

US Officials Suspect Iran Used Chinese Missile To Bring Down F-15E Warplane: Report

US Officials Suspect Iran Used Chinese Missile To Bring Down F-15E Warplane: Report

Via The Cradle

US officials believe that a Chinese-made shoulder-fired missile was likely used by Iranian forces to shoot down a US F-15E Strike Eagle over southwestern Iran last month, NBC News reported Saturday. 

The incident marks the first time in decades that the US has had to acknowledge that one of its jets was shot down by enemy fire, although three F-15Es were also shot down in Kuwait in March. 

Illustrative, via Reuters/stringer

Washington insists the Kuwait incident was due to ‘friendly fire,’ even as Iran claims responsibility.

Following the downing of the F-15E in southwestern Iran, the Pentagon allegedly launched a two-day rescue operation to recover the aircraft’s two-man crew, whose names and photos have not yet been made public.

While US officials continue to investigate the specifics of the shootdown, intelligence sources suggest that Beijing may also have provided Tehran with an advanced, long-range early-warning radar, the YLC-8B, designed to track stealth aircraft. 

US President Donald Trump previously said that Chinese President Xi Jinping had personally “promised” him that Beijing would not supply military hardware to Iran, adding, “That’s a beautiful promise. I take him at his word. I appreciated it.”

However, reports of Chinese-manufactured man-portable air defense systems, or Manpads, being found on the battlefield have raised questions about those assurances. 

In response to the allegations, the Chinese Embassy in Washington issued a statement rejecting the claims as “groundless smear and ill-intentioned association,” saying that “China always acts prudently and responsibly on the export of military products,” in accordance with international regulations.

Recent US intelligence indicates that Beijing might be planning to supply more air defense weapons to Iran soon. 

While China has historically provided an economic lifeline and dual-use technology to Iran, US officials noted that previous assistance has not had a “decisive operational impact” on the current conflict.

Tyler Durden
Sun, 05/31/2026 – 22:10

AI’s Coming Reality Check: When The Physics Finally Hits The Hype

AI’s Coming Reality Check: When The Physics Finally Hits The Hype

Authored by Chris MacIntosh vis InternationalMan.com,

In five years, we’ll all likely be chuckling and shaking our heads over AI. Because today, the tech feels free and limitless, doesn’t it?

People are generating endless content: images, videos, memes, code snippets, social posts. Companies are bolting AI onto products by default, the way every Fortune 500 company suddenly discovered they were “sustainable” five years ago.

There’s much deliberation on AI right now, and it splits into two main camps of thesis:

  • The majority — those who will die on its hill of promise, convinced we’re months away from effective altruism, UBI, and sentient toasters.

  • And the minority — usually older, more experienced types — who don’t fully understand it, but look at numbers, remember the dot-com bust, and think this rhymes. We’ll leave that debate to the dinner parties.

What interests us is something more boring. Physics. Because here’s the thing: AI isn’t free.

Every token represents electricity. Something your average developer, product manager, user, or investor gives precisely zero thought to.

Electricity means power plants, transmission lines, grid infrastructure — yes. It also means hot sheds; capital-intensive data centres and all the equipment, cooling systems, and real estate that go with them. Real things. Physical things.

We are surrounded by hype without consideration for the physics.

Right now, there’s a disconnect between the physical cost of this technology and the price users pay for it.

That gap is being covered by Wall Street, venture capital, pension funds, hyperscaler balance sheets, and strategic spending on “growth” (a word which here means “losses we’ve chosen to rebrand”).

The question is: what happens when that gap closes?

Scenario 1: The Industry Matures

No outright collapse, but financial discipline arrives. A novel concept in Silicon Valley. Low-value usage disappears first. “AI slop” dies because the people generating junk stop when it costs them actual money. Turns out nobody’s willing to pay real dollars to have a chatbot write their LinkedIn thought leadership posts. Tragic.

Serious users — those deriving profit or genuine productivity gains — remain. Growth slows but doesn’t stop. GPU upgrade cycles stretch from two years to three or five or seven. Valuations compress. The froth comes off but the infrastructure remains important.

The boardroom shifts from “infinite logarithmic growth” to “focus only on what’s profitable.” Less bubble burst, more long, slow leak of disappointment. A bit like ESG.

Scenario 2: Energy as the Arbiter

Now overlay structurally higher energy prices. You know, the thing everyone was told wouldn’t matter because we’d all be running on solar and unicorn farts by now. If power becomes materially more expensive while capital markets tighten simultaneously, the economics get a lot harder.

Inference costs rise. Training LLMs gets hella more expensive. Shareholders start feeling like they’re holding the next NFT apes. Spending slows sharply. Many AI firms disappear. Hyperscalers pull back, maybe with taxpayer assistance (they are, after all, strategically important to those in power — funny how that works).

GPU cycles extend further. Seven-plus years between major upgrades becomes normal outside the top tier. Markets correct hard. Confidence takes a long time to rebuild.

This is not the end of AI, but a reset. Users will fondly remember the “good old days” when it was free. When one could generate a movie scene and post on X about how they just ended a billion-dollar production company’s business model. Peak delusion makes for great content.

Scenario 3: AI Actually Delivers

There is also the upside case, though we admit it’s included here much like a “minority” conspicuously placed on a corporate board — a box-ticking exercise.

In this scenario, AI meaningfully increases productivity across enterprises. It reduces costs durably. It embeds itself in everything from coding to logistics to research. The sentient toaster.

Higher energy prices don’t kill demand because efficiency gains outweigh them. Hardware cycles remain short. Today’s valuations look justified in hindsight and Jensen Huang’s leather jacket gets its own wing at the Smithsonian.

For anyone familiar with us, you’ll know we think this is the most unlikely scenario. And yet it’s by far the consensus view. Which, if you’ve been paying attention to consensus views over the past decade (“inflation is transitory,” “ESG is the future,” “commercial real estate is fine”) should tell you something.

The gap between expectations and likely reality remains wide open. For Insider members, you’re familiar with the portfolio positioning and Nasdaq hedge.

What Really Matters

The key variable isn’t whether AI is impressive or useful (it is). The key variable is whether AI becomes a true profit engine or remains a subsidised cost centre dressed up in a hoodie and a TED talk.

If profitable and productivity-enhancing, current valuations are justified and the gravy train keeps chugging. If it remains mostly hype layered over weak economics, spending contracts, hardware cycles extend, and we could have an absolute humdinger of an economic “event.”

A ten-year stagnation would require something extreme: demand dropping significantly, hyperscalers becoming hyposcalers, capital markets wanting nothing to do with AI, and energy remaining expensive — all at once. Stranger things have happened. Just ask anyone who bought Peloton at $170.

Almost 50 years of history show this eventually reverts to the mean… and the pendulum swings the other way.

*  *  *

The AI boom is just one example of a much larger shift already underway—where economics, politics, energy, and culture are colliding in ways most investors are not prepared for. That’s why we’ve prepared a special report, Clash of the Systems: Thoughts on Investing at a Unique Point in Time. In it, you’ll discover the key trends unfolding right now, the risks they pose to your money and personal freedom, and what a contrarian money manager believes you could do to stay one step ahead. Get your free copy of Clash of the Systems now.

Tyler Durden
Sun, 05/31/2026 – 21:00