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Why ‘Big Pharma’ Will Never Make A Cheap Anti-Aging Drug

Why ‘Big Pharma’ Will Never Make A Cheap Anti-Aging Drug

Authored by Ross Pomeroy via RealClearScience,

For years, scientists have hypothesized that safe, cheap, generic drugs like metformin and rapamycin could slow aging, based on promising findings in animal models. But despite the evidenced hope, little has been done to see if these drugs actually slow aging in humans. There have been no rigorous clinical trials exploring whether metformin or rapamycin prolong life and and boost health.

How is it possible that metformin and rapamycin, long used to respectively treat diabetes and prevent organ transplant rejection, have had their anti-aging potential ignored for so long? To conspiracy-minded critics of ‘Big Pharma’, the answer is obvious: there’s no money in it. In this case, they seem to be correct. Speaking at the 12th Aging Research and Drug Discovery (ARDD) meeting convened at the University of Copenhagen last summer, industry leaders conceded the point.

“Repurposing cheap, off-patent drugs like metformin fails mathematically. Phase 3 clinical trials cost hundreds of millions of dollars. Companies cannot recover this money without a patent monopoly. Therefore, the industry tests new, patented drugs for specific diseases.”

Rapamycin costs between $40 and $150 per month out of pocket. Metformin is even cheaper, between $4 and $20 per month. To pharmaceutical companies, this meager revenue simply doesn’t justify an expensive clinical trial to treat a nebulous medical condition like “aging,” which insurers don’t even consider reimbursable. To put it bluntly, treating aging with generic drugs may be economical and worthwhile for humans and society as a whole, but it isn’t commercially viable for pharmaceutical companies.

The industry leaders speaking at ARDD explained a strategy that makes more financial sense.

“Industry tests new, patented drugs for specific diseases. During these trials, researchers simultaneously measure aging biomarkers like epigenetic clocks. This secondary strategy generates the hard numbers of regulators demand. The goal is to force regulators to classify aging as a reimbursable medical condition. This mirrors how objective data transformed obesity from a lifestyle choice into a treated disease.”

So it’s possible that what recently happened with obesity and GLP-1s will one day happen with aging.

In the meantime, independent institutions are trying to launch efforts to explore metformin and rapamycin’s anti-aging potential in humans. The American Federation for Aging Research has – for a decade now – sought “visionary donors” to begin their Targeting Aging with Metformin (TAME) Trial, a six-year study testing whether metformin can delay development or progression of age-related chronic diseases in 3,000 adults aged 65-79. Earlier this year, scientists at The University of Texas at San Antonio secured funding from the National Institute on Aging to carry out a including a “randomized, placebo-controlled clinical trial involving approximately 84 older adults who will receive either daily rapamycin, intermittent dosing or a placebo” for six months, while monitoring the treatment’s effects.

Tyler Durden
Fri, 07/17/2026 – 06:30

“One Step Closer To Extradition”: Cox Media Heir Faces Reckoning Over Funding Marxist Revolution

“One Step Closer To Extradition”: Cox Media Heir Faces Reckoning Over Funding Marxist Revolution

Sovereign Media, a far-left media outlet funded by the Babochki Collective, a nonprofit run by Jim “Fergie” Chambers, the communist centi-millionaire and heir to the Cox Media fortune, reports that Fergie, who was arrested in Ibiza last week at the request of the US Justice Department, “has been transferred to a maximum-security facility in Madrid.”

“BREAKING: James “Fergie” Chambers has been transferred to a maximum security facility in Madrid – one step closer to extradition to the US,” Sovereign Media wrote on X earlier Thursday.

Chambers was arrested last week and is awaiting extradition on federal charges linked to “international money laundering… with the intent to provide material support and resources to foreign terrorist organizations.”

The indictment alleges that Chambers transferred funds from U.S. banks to accounts in Tunisia with the intent to support foreign terrorist organizations.

Chambers is the founder of the Babochki Collective and a major backer of Stop Cop City, Palestine Action U.S. (later renamed Unity of Fields), and related legal defense efforts. He allegedly funded bail, legal fees, and direct-action campaigns targeting police training projects and Israeli-linked defense firms, while also building networks with far-left activists.

City Journal’s Stu Smith wrote in a recent report, “Chambers is one of the main funders of America’s radical Left. His money has flowed to a host of projects in the “anti-imperialism” organizing space,” adding, “Chambers claims that he and Singham are effectively the two primary financiers of the US radical left.” Despite this, the two have apparently been at loggerheads—a conflict that has now gone public.”

Chambers’ arrest came ahead of today’s meeting in Washington, where Secretary of State Marco Rubio, White House Deputy Chief of Staff Stephen Miller, and Treasury Secretary Scott Bessent addressed delegations from 65 countries about the action phase against Marxist groups seeking revolution across the West.

Rubio said, “In the United States, the share of left-wing terrorist attacks and plots has risen to levels not seen in DECADES. In Germany, far-left violence has jumped by more than 40% in just the last year alone.”

Rubio added that Antifa is being directly aided by Iran and Cuba through a massive international network that seeks to attack the West with terrorism and propaganda.

It appears the US government may be preparing to make an example of Fergie.

Tyler Durden
Fri, 07/17/2026 – 05:45

What’s Really Going On? UK Government Announces Mass Stockpile Order, Wargames

What’s Really Going On? UK Government Announces Mass Stockpile Order, Wargames

Authored by Steve Watson via Modernity.news,

The British government is preparing to tell ordinary people a blunt message: the state is not coming to save you. Households will be urged to stockpile long-life food, bottled water, essential medicines and even wind-up radios as part of a new national resilience campaign launching later this year.

At the same time, ministers have confirmed Operation Albiston Shadow – the largest home defence wargame exercise in decades – will take place in 2027, testing responses to ‘hybrid’ attacks alongside a major NATO drill.

Officials frame it all around Russian cyber threats, sabotage risks and the need to update the old Government War Book. Yet the timing and language raise a sharper question about what Whitehall is actually preparing for.

Chief Secretary to the Prime Minister Darren Jones stated “The government will do all it can and we are well prepared – but we can all play our part to keep ourselves and our loved ones safe. This campaign will help the public to take small but important steps to be prepared in case of emergencies and disruption – be that severe weather or a cyber-attack, which can impact access to power, water, or phone signal.”

Armed Forces minister Louise Sandher-Jones was more explicit about the external threat: “Russia is not only a threat to NATO’s eastern flank. It is a direct threat to the UK homeland and these exercises, together with important measures like updating our ‘War Books’, will help prepare us to meet that threat, as well as showing the British public how seriously we are taking it.”

The Cabinet Office has updated the National Risk Register with new scenarios including cyber attacks on data, water and police systems, digital resilience failures modelled on the 2024 CrowdStrike outage, and foreign interference in democracy.

Operation Albiston Shadow will involve hundreds of officials, ministers and agencies role-playing a multi-day national crisis focused on hybrid attacks below the threshold of conventional war. It is designed to test current assumptions and ensure readiness “should the worst ever happen.”

The government is also quietly reviving elements of the old War Book – the detailed Cold War-era plan that once covered everything from industrial mobilisation and food stockpiles to mass casualty management and the survival of government itself. That document was largely abandoned after the Cold War; updating it now signals a serious shift.

On the surface this looks like prudent planning against a hostile foreign power. Russia has been accused of cyber operations, espionage and probing NATO airspace. Prime Minister Keir Starmer has previously cited Western intelligence assessments that Russia could attack a NATO member as soon as 2030.

Yet the distance between the United Kingdom and any realistic Russian ground threat is vast, and the emphasis on household stockpiles, critical infrastructure protection and whole-of-society mobilisation sits uneasily with pure external-defence rhetoric.

This is where the deeper context becomes impossible to ignore. In 2025, Professor David Betz of King’s College London, a specialist in modern war and unconventional conflict, publicly argued that the British government is preparing for the possibility of civil conflict at home while using the Russian threat as a politically convenient cover.

Speaking about the 2025 National Security Strategy – which stated “For the first time in many years, we have to actively prepare for the possibility of the UK homeland coming under direct threat” and prioritised protection of undersea cables, energy pipelines and logistics hubs – Betz observed: “there is growing apprehension about the security of Britain, the security of its infrastructure specifically, and about the potential for active conflict at home in a very direct manner, effecting people in a very direct manner.”

He continued: “But that’s not external in origin, that’s internal, and that has to do with the way our society is now configured, it is highly fractured.” Betz described a society marked by “Low trust, highly fractured, and highly politically factionalised which is leading us increasingly inevitably into civil conflict.”

On the Russian narrative he was blunt: “The fact of the matter is there is a great distance between us and Russia… we are not militarily threatened in a direct way on the ground by any obvious external enemy, even Russia… one of those is not occupying the village green with Russian soldiers, that simply, frankly, is a rather bizarre assertion.”

The real concern, he argued, is domestic: “What they’re concerned about is domestic conflict, and they perfectly understand this, but that’s completely politically toxic for them to say so publicly, hence the convenience of saying ‘we need to develop… a citizen’s militia for the protection of critical infrastructure’. To say that we’re doing this against the potential of Russian attack, which is frankly a logically absurd proposition, but it is convenient as a pretext.”

Betz has repeatedly warned that Europe faces a statistically significant chance of civil war in a major country within five years, with spillover risks, and that governments may only be able to prepare rather than prevent the deterioration. His advice to individuals has been practical: reduce exposure to big cities if possible.

Betz’s analysis tracks the same societal fractures – low social trust, political factionalism, rapid demographic change and collapsing faith in institutions – that successive governments have accelerated through mass immigration policies while denying their consequences.

Critical infrastructure hardening, citizen resilience messaging and large-scale home defence exercises make perfect sense if planners believe the primary threat could come from within a polarised population rather than from Russian troops landing on British beaches.

Updating the War Book and running Operation Albiston Shadow allow the state to rehearse command, control and societal mobilisation without ever having to admit the internal drivers.

The pattern is consistent with earlier signals. Promises of a volunteer Home Defence Force to protect infrastructure appear to have been quietly shelved amid budget pressures, yet the broader shift toward treating the homeland as a potential battlespace continues.

Officials stress “whole of society” involvement. That language is not limited to foreign hybrid warfare; it is exactly the vocabulary used when states prepare for internal disorder.

None of this proves an imminent civil war. It does show a government that has spent years denying the reality of social breakdown now scrambling to prepare the public and its own machinery for disruption that could overwhelm normal emergency responses.

Telling people to stockpile food and water is an admission that the state cannot guarantee continuity of basic services. Framing the entire effort around Russia provides political cover while the underlying fractures – created by policy choices that prioritised open borders and demographic engineering over cohesion – continue to deepen.

The British public is being told to get ready. The only remaining question is what exactly they are being prepared for. The official answer is Russian hybrid threats. The deeper reading, supported by serious academic analysis of societal conflict, points to something far closer to home.

Tyler Durden
Fri, 07/17/2026 – 05:00

Rare Wartime Protests Across Ukraine As Zelensky Moves To Oust Defense Chief

Rare Wartime Protests Across Ukraine As Zelensky Moves To Oust Defense Chief

Rare wartime protests have broken out in Ukraine in the wake of President Zelensky sacking his popular Defense Minister Mykhailo Fedorov – which is reportedly in process but not finalized yet.

The 35-year old defense chief was only six months into his tenure, and is widely hailed as a reformist innovator who has turned the tide of war, having overseen a strategy of punishing wave after wave of devastating drones on Russian energy infrastructure.

via Associated Press

The NY Times on Thursday said that “thousands of people took to the streets of cities across Ukraine on Thursday to protest” his dismissal. 

This marks only the second time of the war that protests of this size have broken out in the capital and other cities, related to deeply unpopular moves and policies of President Zelensky:

The demonstrations were only the second large street protests in Ukraine during more than four years of war. Rallies also took place last year against a move by President Volodymyr Zelensky to neuter anticorruption agencies.

On Thursday, protesters poured into a square in central Kyiv, the capital. They turned out in Odesa, in the south, and in Lviv, in the west. In the frontline city of Kharkiv, in the northeast, more than 300 protesters with cardboard signs crowded sidewalks, chanting “Shame, shame, shame!” Their numbers grew as the morning wore on.

Ukrainians started venting their anger on social media as soon as Fedorov’s impending dismissal was announced via Ukrainian national media.

Some of the main protest organizers are actually veterans of the current war with Russia, as one European publication details:

Dmytro Koziatynskyi, a war veteran who was a leading organizer of last summer’s mass protests in support of NABU and SAPO, posted on social media ”The defence minister is being removed in the middle of effective – finally effective! – reforms, replaced by someone under whom any hope of reform can be forgotten,” referring to Interior Minister Ihor Klymenko, who is poised to replace Fedorov.

“I call on all caring people to come out tomorrow at 9:01 a.m. to Franko Square and show the president that we are against constant reshuffles in the government and replacing effective ministers with convenient opportunists.”

“We will never defeat Russia as long as the same total stagnation and corruption rule our army and our ministries,” Koziatynskyi wrote.

Chief Foreign-Affairs Correspondent of the WSJ, Yaroslav Trofimov, has pointed out that “Many Ukrainians (and not just Ukrainians) see this as Zelensky putting petty politics ahead of winning the war.”

If the protests grow rapidly, it could cause Zelensky’s external supporters to sour on him…

Fedorov’s firing and replacement is not yet fully a done deal. However, Zelensky has been open about a government shake-up and reset, but the motives behind it are unclear and have unleashed confusion across Ukrainian society.

Tyler Durden
Fri, 07/17/2026 – 04:15

The Grooming Gang Cover-Up: 250,000 Reasons “Online Safety” Is A Scam

The Grooming Gang Cover-Up: 250,000 Reasons “Online Safety” Is A Scam

Authored by John Wilder via WilderWealthyWise.com,

“These borders are well protected.” – The Fellowship of the Ring

(all memes as found)

Governments around the world trot out the kids whenever they want to remove freedoms.

Protect the children.  It’s always for the children.

The reality is that they don’t care at all about the kids.

Let’s look at the KIDS Act.  The “Kids Internet and Digital Safety Act” has passed the House.  The Senate Democrats have said . . . it’s too weak.  Of course they did.  There appears to be no speech that they love except their own.

But they’re not alone:  the European Parliament’s Online Safety was rammed through during “legislator vacation” using a backdoor procedural trick that required an absolute majority just to kill it.  Now it’s legal for them to sort through “private” messages.  For the kids.

The UK Online Safety Act is sold the same way.  It’s there to protect children.

The real effect is that it pushes everyone toward some form of online ID and forces websites to keep kids off their platforms.  Sites like 4chan and Gab® told them to pound sand because they aren’t a UK website.  All of this is supposedly to protect the kids.

Right.

If that’s true, they need to explain the grooming gangs who have raped an estimated 250,000 girls in the UK.

The reports that came out in June 2026 are horrific.  They underline the point that if you import rapists, they’re going to rape because it’s what they do, and approved.  Indians made a movie back in 1997 called Raja Ki Ayegi Baraat.  The plot is straightforward.

Mala is raped by Raja.  She takes him to court.  The judge sentences them to marry as punishment for Raja.  Raja and his family are cruel and hostile at first, even trying to kill Mala. Over time she wins them over through her kindness and resilience.

Tens of millions of Indians have seen this movie.  That’s the cultural attitude of India on display.

If you import Indians, you’ll get rape, and mainly gang rapes because their upper-body strength is generally less than the average woman in the West.  I know that sounds like a joke, but it’s actually true.  Pakistan is similar, with one in three women reporting rape during their lifetimes in Pakistan, and those are the women they supposedly like.

If you’re not of their religions?

Well, you’re an animal to them, and they can do as they like, so 250,000 rapes is what they like.

Since a license is required to paddle a surfboard on the Thames, I’m sure the justice system is set up to take on actual gang rapists of children?

Well, no.  The report on the 250,000 white English, Scottish, and Welsh girls that were systematically raped over the decades came out in June 2026.  GloboLeftists in the UK mocked the report because of course they did. They had to mock it because there is a hierarchy in their world.  Illegal immigrants who contribute nothing are at the top, because the goal of the GloboLeftist is to destroy whatever nation they’re in.

Sure, GloboLeftists say they’re against rape and against oppressing women, but only when white men are doing the raping and oppressing.  If they rapists and abusers come from a foreign culture, well, rape and abuse as much as you want.  After all, they’re only women.

Based on anecdotal evidence, the police in Europe have zero interest in arresting anyone who isn’t a lawful white citizen.  In several cases, the police brought the young girls that were being sexually abused back to the abusers.  The thankful abusers gave the police a turn on the girls.

Again, I’m not making any of this up. I’d bet money that those police were either Pakistani or Indian, which is another reason why you don’t want foreigners in positions of power.  Imagine how the all-moslim, all-immigrant city council in Hamtramck, Michigan will work to protect Christian rights?  If you go during the citizen comment period the mayor will call you a racist for suggesting that they not name streets for Islamic terrorists.  It won’t be long before the Islamic call for prayer will be broadcast.

Wonder when they’ll require burkas?  The Democrats will no doubt approve and encourage this.

But let’s go back to the UK.  There have been at least three high-profile events that hit the public consciousness in the last month.  The first was the murder of Henry Nowak.  The police didn’t want the footage to come out, but when it did, watching them handcuff a nearly bloodless young English man was heartbreaking.  It turned to rage-inducing when the facts and lies of the Sikh who murdered him came out.

Then a young man was being attacked by three non-English black men, and the police arrested the white guy.  Birmingham Police politely asked that the footage not be shared, but they fully supported the actions of the police in arresting the victim and ignoring the attackers.

The third case didn’t get nearly as much attention, but it was again a white Englishman being attacked while the police arrested him as his attackers mocked him.

So, yeah.

As Ian Fleming wrote:  “Once is happenstance. Twice is coincidence. Three times is enemy action.”

Justice in the courts is similarly absent. In Sweden, a rapefugee wasn’t deported after his three-year prison sentence because the rape “didn’t last long enough.”  In the UK, a rapefugee raped three women in a short period and got a suspended sentence.  But, a white British man was sent to prison for 20 months for saying, “Every man and their dog should be smashing fuck out of [hotel filled with rapefugees].” ‘

He had 1,500 Facebook followers.  The post got six likes.  Off to prison, mate!

How much of this is going on in the United States right now?  How many Patel Motels are filled with H-1Deviant Indians setting up their own grooming gangs?  The data shows that Indians are now leading the sexual abductors in the United Kingdom, and it’s not like we’re getting Indians from a different India over here in the United States.  And the authorities in the United States are actively trying to skew the data as shown below:

No, any government licensing for use of the Internet is not for the kids.  At all.  It’s to make it so no one can talk back against the false reality the GloboLeft creates, so that any speech that they don’t agree with is hate speech.

And by their logic, hate speech isn’t protected speech, so any speech they hate is hate speech.

They just need a way to track you so they can punish you if you complain about children being raped or your people being replaced while Big Tech companies lobby to get your data so that they can maximize your profit potential to them.

But it’s for the kids, right?

Tyler Durden
Fri, 07/17/2026 – 03:30

Coalition Of The Willing To Hold Drills Near Ukraine Ahead Of Post-Ceasefire Deployment

Coalition Of The Willing To Hold Drills Near Ukraine Ahead Of Post-Ceasefire Deployment

Via The Libertarian Institute

A bloc of Kiev allies will hold war games in states that border Ukraine in preparation for deploying troops to the country once a ceasefire is reached with Russia. 

Starting early this week, the Coalition of the Willing – a bloc of countries that support Ukraine – met in Paris to discuss providing additional aid to Kiev. French President Emmanuel Macron announced that member states would hold war games in states bordering Ukraine. 

via Ukrainian presidency

The French leader asserted the purpose of the drills was to prepare troops for a peacekeeping mission in Ukraine once a ceasefire is reached with Russia.

Ukrainian media has in follow-up reported on the impending war games as follows:

1,500 British and French troops will deploy to Poland in September for the first joint exercises of the Coalition of the Willing, Poland’s Deputy Defense Minister Paweł Bejda said on TVP Info. The maneuvers will focus on moving troops and equipment at scale—transport and logistics, not combat.

“We are preparing for operations connected with the transfer and transport of forces. We want to show that we know how to do this,” Bejda said.

However, Moscow says any peace agreement with Kiev must include a commitment from Ukraine not to host foreign forces. Additionally, the Kremlin has ruled out a short-term ceasefire, and wants all negotiations focused on a peace deal to end the conflict permanently. 

On Tuesday, Russian Foreign Minister Sergei Lavrov accused Europe of working to undermine the framework for resolving the conflict established between President Donald Trump and President Vladimir Putin during the 2025 Alaska summit. 

During the Coalition of the Willing summit, countries pledged additional military aid to Kiev. President Macron also said Paris would give Kiev permission to produce French missiles and interceptors in Ukraine.

Kremlin responds, firmly rejecting any scenario of Western ‘peacekeeping’ troops in Ukraine:

Macron’s move mirrors an action President Donald Trump took last week when he authorized Ukraine to produce Patriot missiles. 

Building factories and establishing supply lines to manufacture advanced munitions in the middle of a war will likely take years to accomplish.

Tyler Durden
Fri, 07/17/2026 – 02:00

Ex-Fed Adviser Sentenced To 38 Months For Passing Sensitive Info To China

Ex-Fed Adviser Sentenced To 38 Months For Passing Sensitive Info To China

Authored by Frank Fang via The Epoch Times,

A former senior Federal Reserve official has been sentenced to more than three years in prison for lying to federal investigators about sharing sensitive economic information with Chinese intelligence operatives.

The Department of Justice in Washington on March 11, 2026. Madalina Kilroy/The Epoch Times

John Harold Rogers, 64, was senior adviser for the international finance division of the Federal Reserve Board of Governors, the main governing body for the U.S. central bank, from 2010 to 2021.

He was arrested in January 2025 and convicted by a jury on Feb. 3 of making false statements to investigators conducting the probe, but acquitted on a charge of conspiracy to commit economic espionage.

On July 15, U.S. District Judge Dabney L. Friedrich sentenced Rogers to 38 months in federal prison, followed by 12 months of supervised release.

“John Rogers spent years secretly funneling sensitive Federal Reserve information to Chinese spies, then looked investigators in the eye and lied about it. And when that wasn’t enough, he lied again under oath at trial,” U.S. Attorney Jeanine Ferris Pirro of the District of Columbia said in a statement.

“Federal Reserve employees entrusted with America’s most sensitive economic information cannot sell out their country and their colleagues for personal gain and then expect to hide behind a single word.”

Rogers, of Vienna, Virginia, is a U.S. citizen who holds a doctoral degree in economics from the University of Virginia.

‘Deliberately Lied’

Rogers began developing a “clandestine relationship” with Chinese intelligence operative Lee Hummin in 2017, after the two met at a conference in China, according to prosecutors.

In the years that followed, Rogers met with Lee and other Chinese associates in hotel rooms in China, using academic classes as a cover while sharing Fed information that Lee had directed him to collect.

His role as senior adviser gave Rogers access to confidential information from the Federal Reserve Board and the Federal Open Market Committee (FOMC), according to his indictment.

The FOMC, the Federal Reserve System’s monetary policymaking body, sets the target range for the federal funds rate and directs monetary policy actions, including quantitative easing and tightening.

FOMC information is classified under a three-tier system based on its sensitivity, according to the indictment. The highest tier, or Class I, includes policymaker views and pre-publication drafts of the committee’s statements, while Class II covers economic forecasts and open market operations.

In a sentencing memorandum filed in May, prosecutors said Rogers printed Class II FOMC documents and took them with him on a trip to China in June 2019. In another instance, prosecutors said he removed the Class II markings from information and sent it to his personal email account before forwarding it to a professor at China’s state-run Fudan University in Shanghai.

On Feb. 4, 2020, investigators from the Fed’s Office of Inspector General interviewed Rogers and asked if he had ever shared restricted Fed information outside the Federal Reserve Board. According to prosecutors, he replied, “Never.”

“John Rogers deliberately lied to our investigators to conceal the fact he shared restricted non-public Federal Reserve information with intelligence agents working for China,” Michael E. Horowitz, inspector general for the Board of Governors of the Federal Reserve System and Consumer Financial Protection Bureau, said in a July 15 statement.

‘Abused His Position of Trust’

Prosecutors had sought a 60-month prison sentence against Rogers, saying he had “abused his position of trust,” according to the sentencing memorandum.

“He knew that the restricted information he provided to the PRC government could allow it to make untold sums of money by trading with its roughly $1.5 trillion in U.S. Treasury securities and related instruments,” prosecutors wrote, using the acronym of China’s official name, the People’s Republic of China.

After leaving the Fed, he became a professor at Fudan University. According to the sentencing memorandum, he earned at least $900,000 in salary and grants from Fudan University from February 2022 until his arrest in January 2025.

In exchange for the restricted information, Rogers received “tens of thousands of dollars in benefits,” and told investigators that he “owe[d] everything to” Lee.

“Through Hummin Lee, the PRC provided the defendant with a new wife, a new family, money, friendship, and professorships at prestigious universities,” prosecutors wrote.

Prosecutors argued that a 60-month sentence would serve as a general deterrent because Beijing is known for recruiting current and former U.S. government officials with access to sensitive information.

“The recruitment pattern the evidence established in this case – a foreign intelligence service cultivating a target over years through the gradual development of personal affection and indebtedness, before progressively tasking the target with increasingly sensitive intelligence collection – is not unique to the defendant,” prosecutors wrote.

Rogers’s lawyers, in their sentencing memorandum filed in May, asked the court to sentence him to time served, noting that he had been detained for more than 16 months, citing his poor health and “regrets [for] having provided an incorrect and imprecise answer” during his 2020 interview with investigators.

“Dr. Rogers recognizes that such conduct is wrong for a federal employee in a position of trust and he regrets having made the statement,” his lawyers wrote.

The Epoch Times contacted Rogers’s lawyers for comment but didn’t receive a response by publication time.

Tyler Durden
Thu, 07/16/2026 – 23:25

These Are The Highest-Paying College Majors

These Are The Highest-Paying College Majors

College is one of the largest investments many people make, and a student’s field of study can shape its long-term financial return.

Which Majors Earn the Most by Mid-Career?

The chart below, via Visual Capitalist’s Srijaa Chatterjee, ranks college majors by median mid-career wage.

Data from the Federal Reserve Bank of New York compares median wages across dozens of college majors for workers ages 35 to 45.

Engineering and technical disciplines dominate the upper end of the ranking. Alongside the three leading majors, electrical engineering pays a median of $123,000, while computer science, construction services, and mechanical engineering each reach $120,000.

Economics, finance, and business analytics are among the highest-ranking fields outside engineering and computer science, with median wages of $115,000, $112,000, and $109,000, respectively. At the other end of the ranking, several education-focused majors have median earnings between $52,000 and $62,000.

These differences can compound substantially over time. Even a gap of tens of thousands of dollars per year can translate into significantly different lifetime earnings, savings, and investment opportunities.

How Much Does Your Major Matter?

The spread between the highest- and lowest-paying majors exceeds $80,000 annually, suggesting that field of study can have a substantial influence on long-term earnings. While this ranking focuses on workers in their mid-career, we also examined which college majors earn the highest salaries right after graduation, highlighting how pay differences begin early and evolve over time.

Research from the Federal Reserve has found that both a student’s major and institution can affect labor market outcomes, partly by shaping access to higher-paying employers and industries. Majors tied to specialized technical skills may also command higher wages because employers have a smaller pool of qualified candidates.

Salary outcomes are not predetermined, however. Industry, location, work experience, internships, professional networks, and certifications can all influence a graduate’s earnings trajectory.

What About Humanities and Graduate School?

Some studies have argued that humanities graduates can narrow earnings gaps later in life as communication, management, and analytical skills become more valuable. In the current data, however, engineering, computer science, economics, and finance remain the clear leaders in median mid-career pay.

Graduate education can also change the equation. For students pursuing advanced degrees, an undergraduate major may be only one factor shaping future earnings. Professional credentials in law, medicine, business, and specialized technical fields can significantly alter career outcomes.

Salary is also only one consideration when choosing a major. Personal interests, job satisfaction, work-life balance, and career flexibility all matter. Still, for students evaluating the financial return on a degree, field of study remains an important part of the equation.

Want to explore more education and labor market data? Check out Most Underemployed College Degrees on the Voronoi app.

Tyler Durden
Thu, 07/16/2026 – 23:00

America’s Gerontocracy Goes Deeper Than Aging Politicians

America’s Gerontocracy Goes Deeper Than Aging Politicians

Authored by Connor O’Keeffe via The Mises Institute,

Senator Lindsey Graham died seemingly out of the blue over the weekend after a tear in his aorta. He was 71 years old.

The news was shocking, in part because Graham was a very active senator – he was just returning from a trip to Ukraine – and because he was seemingly at the height of his power, having built one of the most influential relationships with President Donald Trump of any politician.

But another reason the news was such a surprise was because, compared to many of his colleagues in Washington, Senator Graham was on the younger side.

That impression was fueled by the ongoing ordeal of Senator Mitch McConnell. The 84-year-old serving senator was reportedly found unconscious weeks ago after a fall, leading to his ongoing hospitalization.

Early reports that EMS had responded to a cardiac arrest at McConnell’s residence when he was first hospitalized, his wife’s strange trip to China in the middle of all this, and the total radio silence for weeks from a supposedly active senator all led to speculation online that McConnell was faring far worse than his staff and Republican party insiders were admitting.

Others went as far as to speculate that McConnell had already passed away, but that his team and establishment allies were attempting to delay the public acknowledgment of his death until after it would no longer force a special election. That theory gained enough traction online to prompt McConnell’s team to post a literal proof-of-life photo of the senator holding that day’s newspaper.

This all follows, of course, the age-record-breaking presidency of Joe Biden, and the campaign that was derailed because of it. Now, Trump is on track to break Biden’s record and, at the end of his term, become the oldest serving US president in history.

In addition to McConnell, many of the most prominent members of Congress are quite elderly, have been in office for decades, and show no interest in ever retiring. Senator Dianne Feinstein – who died of old age in 2023 at the age of 90, hours after casting a vote on the Senate floor – provides a good example of how many of these career politicians apparently plan to leave office.

With all this happening, it’s easy to understand why many have increasingly come to consider the United States to be a gerontocracy, or a society ruled by old people.

As with just about anything online, there are sophisticated and unsophisticated versions of this observation.

The unsophisticated version simply points to the multitude of examples of politicians remaining in office long after most people would have retired from just about any line of work and concludes that the prevalence of exceptionally elderly politicians is hampering the government’s ability to function properly.

This narrative is based on a fundamental misunderstanding of the actual role of politicians within the American political system.

While American politicians certainly have power, in the last century or so – and especially in the decades since WWII – the bulk of federal power has shifted from politicians in Congress and state legislatures to the bureaucracies that make up the ballooning federal agencies in the executive branch.

The vast majority of those in Congress are simply expected to show up and vote with their party’s leadership on the latest massive omnibus spending bills, made up almost entirely of carve-outs to special interests. Or to pass legislation crafted with diligent collaboration from “experts” at the executive agencies that will receive the new funding.

The most effective politicians will lobby to add additional spending that in some way benefits some special interest in their own district. But mostly, their modern role is to fundraise for their party, engage in legitimizing rituals, and stoke vicious debates with the other party over what are, in the scheme of things, incredibly minor policy issues to keep us all believing that we truly live in a functioning representational democracy. And, especially because the politicians themselves are merely the frontmen for a larger staff handling the specifics on all those fronts, it’s a role that quite elderly people are certainly capable of doing well into the physical and mental decline that often accompanies one’s later years.

The more sophisticated version of the “America is a gerontocracy” narrative focuses less on the politicians themselves and more on what the government is doing. Because, if one takes even a passing glance at how the federal government taxes and spends, it quickly becomes clear that government programs are actively transferring vast amounts of wealth from younger generations to older generations who are, on average, much wealthier.

There are a lot of reasons for this. Many can be traced back to seemingly innocuous attempts to ensure that elderly people without close family members, adequate housing, or connections to any kind of community were cared for. The programs that would eventually become Social Security and Medicare were sold as small programs to help those on the margin. The same goes for the founding of interest groups and lobbies such as AARP (formerly the American Association of Retired Persons).

But as with just about any government program started in the name of helping a small number of genuinely downtrodden Americans, these entitlement programs exploded in size as they were quickly expanded to also benefit whichever groups were organized and motivated enough to lobby effectively.

And even setting lobbying aside, the elderly tend to be disproportionately dependable, and therefore powerful, as a voting bloc. Retirees especially often have more time to focus on issues, call lawmakers, watch cable news, write letters to the editor, engage with local parties and candidates, and vote than their younger working counterparts.

So promising to protect – or better yet, expand – entitlement programs that seniors benefit from is a straightforward way for any politician to secure the support of a lot of enthusiastic voters, while even muttering a half-formed thought about potentially cutting them is almost certain to torpedo any campaign.

Meaning the conditions for the substantial growth of programs transferring money to seniors were already there. But, on top of that, the baby boomer generation – now making up most retirees – has grown old at the same time that medical technology advanced substantially. So, on top of being an unusually large generation, they are also living longer. That’s, of course, a positive development. But in our increasingly socialized elder-care system that also puts a growing financial burden on younger generations.

Contrary to what the government’s shockingly-effective propaganda says, the money seniors receive through Social Security is not their own money that had been taken from their previous paychecks and set aside to be returned to them in retirement. The money they “paid in” to the program had already been used for Social Security checks for earlier generations and other government programs. The money today’s seniors are getting through the program is being taxed directly from today’s younger workers – workers who are forced to pay for a much larger pool of Social Security recipients than the previous generations were.

Add to that the other programs like Medicare that don’t even pretend to come from a “lockbox.” Or the fact that some of these programs cover things like golf fees and ski trips. Or the various government programs explicitly helping seniors stay in full family-sized homes long after downsizing would make more financial sense while simultaneously pushing the price of those homes higher and higher. And the disproportionate burden younger generations experience from the Fed’s permanent price inflation – especially the price inflation that came as a result of the trillions of dollars printed to prop things up as the federal government shut down the economy, the schools, and every aspect of life for younger generations to keep the elderly safe from a disease everyone was always going to get anyway. And, above all, much of this wealth is being transferred into the pockets of older Americans who are much wealthier than the younger people that are forced to pay for it.

Lay all that out, and it’s easy to see why we are experiencing so much generational strife right now. How could there not be?

The justified frustration younger generations are experiencing with the current setup often gets directed towards the handful of exceptionally old politicians and justices at the top of all three branches of the government. But the true root of this problem lies in the intergenerational wealth-transferring government programs that have been built up over many decades. And that will, if not properly understood and subsequently abolished, continue to fuel this generational conflict long after the current group of geriatric politicians is gone.

Tyler Durden
Thu, 07/16/2026 – 22:35

“The Trend Is Now An Enemy”: Kospi Slide Will Deepen As Momentum Flips Script

“The Trend Is Now An Enemy”: Kospi Slide Will Deepen As Momentum Flips Script

By David Savage, Bloomberg Markets Live reporter and strategist

The trend is now an enemy for Asian equities, especially those in South Korea, rather than the friend it was when they soared for much of the first half of 2026. 

Momentum has been the undisputed king for global factor investing in 2026, particularly for Asian markets. Those trades are fracturing, as reversals in South Korea and other tech-heavy sectors set off a deepening rotation in the region. Investors look to be taking some of the hefty profits that remain on the winners from 1H 2026 and pivoting toward other assets. That’s a theme also gaining traction for US chipmakers, with the SOX Index down more than ~18% from the highs of June.

June is looking like it was the peak for Asian equity momentum. That was when some key global index rebalancing provided a price insensitive buyer for recent AI-aligned winners. Aided by the SpaceX IPO, that kicked off a retail frenzy that reverberated across Asian markets. Now that rebalancing activity has passed, and recent additions to benchmarks such as SpaceX and Marvell Technology are seeing some mean reversion.

Foreign equity outflows were already making Asia more dependent on retail investors, who turned to leveraged ETFs and margin borrowing to amplify their bets. Overseas funds offloaded over $100 billion of South Korean stocks and more than $30 billion of Taiwanese shares YTD. That came even as those markets expanded to each surpass $5 trillion in June, overtaking the UK and Canada to join the top 8 exchanges by market cap.

Retail investors filled the void, especially in Korea. Unburdened by portfolio constraints that oblige active and passive funds to prune winning positions, retail accounts can hold onto winners for longer or even double down on them, reinforcing momentum as a dominant trend.

Now, one of the main products of the momentum trade — leveraged ETFs — is becoming a major negative for Asia, which had led the way as these assets expanded globally this year. So much so that South Korean authorities just said they will halt any new listings of single-stock ETFs and increase regulations on trading such products in an attempt to dampen market volatility.

Memory giant SK Hynix attracted one of the highest concentrations of single-stock leveraged ETF assets. In late May, Korea permitted the setting up of several domestically-listed single-stock leveraged ETFs, spurring a surge of flows into vehicles offering 2x exposure to the performance of SK Hynix and Samsung Electronics. At the peak, just three such SK Hynix ETFs held over $23 billion in assets, more than 2.5x the average daily turnover in the company’s locally listed shares.

These funds utilize swaps and options to maintain the 2x daily exposure they offer. As the underlying price moves, the fund’s leverage ratio drifts, triggering rebalancing to restore the target ratio. Thus, if the price of SK Hynix falls, then the fund (or its swap counterparty) needs to sell down exposure to bring the leverage ratio back to 2x.

The unwind of these vehicles has punished equity momentum in July and spurred a rotation in Asia toward former laggards.

The momentum factor had outperformed since the end of March as cross-asset volatility retreated, global growth remained resilient and oil prices dropped.

But now, renewed US-Iran fighting is pushing crude higher, breathing new life into the US dollar and reviving global rate hike fears. Asia’s equities are proving more vulnerable than most to tighter financial conditions and the resurfacing of geopolitical risks.

The reversal in trading dynamics, aided by the impact of leveraged retail investors, is sending volatility surging with the Kospi’s 30-day realized price swings rising to a new record. That signals the past month’s declines in the Kospi have the potential to extend, souring sentiment across Asia and even beyond to chipmakers globally.

Tyler Durden
Thu, 07/16/2026 – 22:11