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Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels

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Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels

The number of Americans filing for unemployment benefits for the first time fell last week to 215k (after hitting four month highs last week), well below the 225k expectations and back to the same levels it was at in 2021…

New Jersey and Oregon saw the biggest WoW rise in initial jobless claims while Minnesota and Pennsylvania saw the biggest decline…

At the same time, continuing jobless claims picked up to 1.821 million Americans – the highest in 3 months…

The bottom line is that initial claims remain low by historical standards and continue to run below year-ago levels, reinforcing the more hawkish ‘labor market is resilient’ framework introduced last week.

Tyler Durden
Thu, 06/25/2026 – 08:55

Services Costs Drag Fed’s Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows

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Services Costs Drag Fed’s Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows

After accelerating in March and April, The Fed’s favorite inflation indicator – Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) – was expected to rise once again in May.

And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023…

Services costs picked up again with Durable goods flat and non-durable goods inflation decelerating…

The headline PCE jumped 0.4% MoM (slightly less than the 0.5% exp) and up 4.1% YoY (as expected) – highest since April 2023…

The impact of the war is evident in crude prices and the PCE’s energy index, but arguably, this is as bad as it gets in terms of inflation…

But PCE signals that the soaring cost of semiconductors (the software and accessories component receives about 30 times the weight in PCE as it does in CPI) – has stalled…

Higher prices were met with higher spending (+0.7% MoM notional) and higher income growth (+0.7% MoM)…

While Spending has been accelerating, income growth HAD been slowing but accelerated markedly last month…

…with both private sector and government workers seeing wage growth acceleration…

Spending continues to run well ahead of inflation (real personal spending up 2.1% YoY)…

Despite an upward revision to the personal savings rate every month of 2026, May was 3.0%, still lowest since 2022

With the savings rate barely above record lows, it seems that Americans are digging into their savings to keep up with inflation. No wonder sentiment is so low…

Howver, as Goldman’s Rich Privorotsky notes, the challenge is that most inflation data now feels inherently backward looking, predating the collapse in oil back toward pre-conflict levels.

Given Warsh’s new mantra of no forward guidance we probably should have more volatility around these releases than we have seen historically.

Tyler Durden
Thu, 06/25/2026 – 08:45

Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected

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Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected

Iraq is sending a warning shot to OPEC: raise Baghdad’s oil production quota to better reflect its capacity and fiscal needs, or risk yet another defection from the oil-producing cartel.

“The ministry currently has no intention of withdrawing from OPEC, and we remain committed to operating within the organization’s framework and mechanisms,” Oil Ministry spokesman Salim Al-Rikabi told Bloomberg via a text message.

Al-Rikabi warned, “Of course, taking into consideration that the Ministry is moving forward with increasing its production to align with its capabilities and needs, the organization should raise Iraq’s production level. Otherwise, a decision will have to be made regarding whether to remain in or withdraw from OPEC.”

Iraq’s threat to leave OPEC comes two months after the UAE formally left the oil cartel, which now comprises 11 members, including Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, and Venezuela.

The UAE ranks among the top producers in OPEC (4.05 million bpd) and left the group due to its growing capacity ambitions (targeting 5 million bpd by 2027).

We noted at the time…

On a normal, pre-disruption OPEC basis, Iraq and the UAE were huge:

A possible exodus of Iraq, on top of the UAE’s recent exit, would only further weaken OPEC’s ability to defend price floors, especially during periods of glut.

However, a separate Bloombreg report said Iraq walked back its threat to leave… 

“The reports suggesting that Iraq is considering ending its membership in OPEC do not reflect the official position of the Iraqi Government. Neither the Prime Minister nor the Government of Iraq has proposed withdrawing from the Organization,” the Oil Ministry said in a statement.

Tyler Durden
Thu, 06/25/2026 – 07:45

The AI Race Will Be Won Or Lost On Power Infrastructure

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The AI Race Will Be Won Or Lost On Power Infrastructure

By Amanda Simonian, chief marketing officer at TerraFlow Energy, first published in UtilityDive

Over the past several months, moving between conversations on Capitol Hill, industry conferences, and meetings with operators, developers and policymakers, I have been struck by how often very different discussions keep circling back to the same underlying concern: power. In congressional offices, it comes up through the language of energy security, industrial policy and what it will take to keep infrastructure ahead of rising electricity demand. Across the industry, it surfaces through a more operational vocabulary: interconnection bottlenecks, volatile load growth, transmission constraints and the practical question of where the next gigawatt comes from.

Data centers in Stutsman County, N.D. 

What made those conversations interesting wasn’t simply that policymakers and operators were focused on the same issue. It was that many of the proposed answers still seemed rooted in an assumption that deserves more scrutiny. Much of today’s discussion treats AI-driven load growth primarily as a supply challenge. Demand is rising sharply, so the answer must be to build more generation.

That’s true, but only partially.

I’ve come away increasingly convinced the sector may be treating what is fundamentally an infrastructure performance challenge as though it were only a generation problem. Those aren’t the same thing, and the distinction matters. In many places, the strain emerging around rapid load growth isn’t just about whether enough electrons can be produced. It’s about whether the systems carrying, balancing and responding to that power can perform reliably as loads become denser, more dynamic and far less predictable than the grid was originally designed to support.

There are signs of that pressure showing up across the country already. Recent warnings from the PJM Interconnection around reserve margins, rising demand scenarios in the Electric Reliability Council of Texas and analysis from the Electric Power Research Institute projecting major increases in data center electricity consumption all point toward a common reality: this isn’t a regional anomaly, and it isn’t a problem sitting comfortably on the horizon. It is beginning to surface now in ways that challenge longstanding planning assumptions.

That is part of why the “just build more generation” framing feels incomplete. More supply matters, but supply alone doesn’t resolve congestion at constrained nodes, instability caused by volatile load behavior, or the local system stress created when large loads concentrate faster than infrastructure can adapt. In some cases, responding to those pressures primarily through generation additions risks solving for scarcity while leaving unresolved, or even exacerbating, the performance challenges underneath.

That isn’t simply a fuel problem, but a systems problem, and systems problems tend to get harder when they’re diagnosed too narrowly.

Even actions like Executive Order 14156 and subsequent federal actions on grid infrastructure suggest growing recognition that energy systems are becoming a strategic competitiveness issue. But the more important question may not be how quickly infrastructure can be deployed, but whether the infrastructure being prioritized is designed for the character of demand now emerging. Speed matters, but architecture matters too.

If infrastructure performance is becoming a limiting factor, then planning, procurement and policy frameworks need to start valuing flexibility and operational capability alongside megawatts. Resource adequacy models should account not only for how much capacity a resource provides, but also for how effectively it responds to rapid load variability. Interconnection and permitting processes should encourage architectures that reduce stress on local infrastructure rather than simply adding demand. Utilities, regulators and large-load customers should be evaluating infrastructure based on its ability to improve system resilience, absorb volatility and support grid performance under real operating conditions.

As the character of demand changes, the metrics used to evaluate infrastructure likely need to change with it. The question is no longer only whether new resources can produce electricity. It’s whether they help the system operate more reliably as load growth accelerates. That matters because the public debate is still asking a narrower question than the moment demands. We often ask whether the U.S. can build enough electricity to support AI growth. A harder and more consequential question is whether we can build power systems capable of supporting that growth reliably. One is fundamentally about supply. The other is about whether the system itself can hold under stress.

Those are not the same challenge.

Tyler Durden
Thu, 06/25/2026 – 07:20

Trump Says US “Ready To Help” After Twin Quakes Level Apartment Towers In Venezuela, USGS Warns Death Toll Could Hit 100K

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Trump Says US “Ready To Help” After Twin Quakes Level Apartment Towers In Venezuela, USGS Warns Death Toll Could Hit 100K

Summary

  • Buildings collapsed in several districts of Caracas
  • Venezuela declared a state of emergency after the earthquakes 
  • Secretary of State Marco Rubio Deploys First Responders 
  • Trump Says “U.S.A. stands ready, willing, and able to help” 
  • USGS Says Quakes May Prompt “International Response” 
  • USGS Fears Death Toll Ranging Between 10k – 100k 

The twin quakes that rocked the Caracas metro area overnight may result in a death toll ranging between 10,000 and 100,000, according to U.S. Geological Survey estimates.

USGS said, “Past red alerts have required a national or international response,” adding, “Estimated economic losses are 2-20% of Venezuela’s GDP.”

Even before the quakes, Venezuela was already economically devastated under the socialist Maduro regime. The sheer magnitude of the disaster will likely prompt an international response led by Washington.

“The U.S.A. stands ready, willing, and able to help! I have instructed all agencies of our government to get ready to move quickly,” President Trump wrote on Truth Social.

The president added, “We will be there for our new and great friends. Early reports are not good!!!”

U.S. Secretary of State Marco Rubio wrote on X, “America stands with the Venezuelan people during this difficult time, and at the direction of President Trump, the State Department is immediately deploying search-and-rescue teams, medical resources, and humanitarian assistance to Venezuela.”

Acting President Delcy Rodriguez declared a state of emergency shortly after the quakes. She said that Simón Bolívar International Airport in Caracas was closed on Thursday due to damage.

Rodriguez said the number of deaths so far totals 164 people and that around 1,000 people were injured.

Dramatic footage:

Latest headlines, courtesy of Bloomberg:

Devastating Earthquakes

• At least 164 people have died and 971 were injured after two powerful earthquakes struck Venezuela on Wednesday evening, according to Acting President Delcy Rodriguez on Thursday 

• The earthquakes measured 7.2 and 7.5 magnitude and struck less than a minute apart on Wednesday evening, with the epicenter in Yaracuy state west of Caracas 

• Around 30 aftershocks have been recorded following the two strongest quakes, with 20 aftershocks recorded as of Wednesday evening 

• The earthquakes toppled buildings, knocked down power lines, and devastated Caracas’s main airport

Emergency Response

• Venezuela declared a state of emergency after the earthquakes 

• US Secretary of State Marco Rubio said the United States is immediately deploying search and rescue teams, medical resources, and humanitarian assistance to Venezuela

• Acting President Delcy Rodríguez spoke with US Secretary of State Marco Rubio by phone after the earthquakes 

Debt Restructuring Plans

• Venezuela is set to reveal a $240 billion debt pile, much higher than previously estimated market figures of $150 billion to $200 billion, as the country embarks on the biggest sovereign restructuring in history, according to unidentified people familiar with the country’s plans 

• The Rodríguez administration is seeking a restructuring agreement with creditors before the end of the year and has retained Centerview Partners bne 

Political Developments

• The Inter-American Development Bank recognized Venezuela’s Economy Vice President Calixto Ortega Sanchez as the new governor representing the country to the bank on Wednesday Bloomberg First Word 6/24

• Acting President Delcy Rodríguez said Venezuela was looking to strengthen cooperation with Colombia’s incoming administration 

• Delcy Rodríguez has been crisscrossing Venezuela for months in what she describes as a pilgrimage, attempting to shed the baggage of a deeply unpopular government and position herself as its standard-bearer since Nicolás Maduro’s ouster 

“Heavy Casualties” After Massive Twin Quakes Rock Venezuela, Topple Buildings; “International Response May Be Needed”

Twin earthquakes rocked Venezuela on Wednesday evening, collapsing entire apartment buildings across Caracas and leaving behind scenes of widespread devastation.

The USGS said the first quake registered a magnitude of 7.1, with an epicenter near Morón, about 104 miles west of Caracas, at a depth of 8 miles. One minute later, a similarly massive magnitude 7.5 quake struck nearby, roughly 10 miles southwest of Morón, at a depth of 6 miles. Remarkably, the dual quake was followed almost immediately across the world by a 6.9 magnitude temblor in northern Japan, which rattled buildings in Tokyo.

USGS issued a red-alert mass-casualty warning due to the combination of shallow depth, heavy population exposure, vulnerable buildings, and estimated losses large enough to require an international response.

“Red alert for shaking-related fatalities and economic losses. High casualties and extensive damage are probable and the disaster is likely widespread. Past red alerts have required a national or international response,” USGS said, adding, “Estimated economic losses are 2-20% GDP of Venezuela.”

In the Palos Grandes neighborhood in eastern Caracas, residents tried frantically to rescue people trapped under the debris of collapsed buildings, Bloomberg reports. Terrified families remained in the streets as the capital was hit by aftershocks. Venezuelan migrants in Colombia and elsewhere sought to reach relatives, but cellphone coverage was down in swathes of the country.

The early footage emerging from the devastation is dramatic:

Local news showed significant damage to the capital’s airport, with parts of the roof collapsing and throwing up thick clouds of gray dust. 

Interior Minister Diosdado Cabello said in a national address that some houses and buildings have collapsed. He warned residents to stay outside due to the risk from aftershocks. Cabello said that states including Trujillo, Yaracuy, Carabobo, Miranda, Aragua and La Guaira were also affected.

Authorities haven’t yet published estimates of the number of dead or injured. There were no official reports of damage to the nation’s oil infrastructure. Yet footage shows damage to one of Venezuela’s key petrochemical plants. 

How rare were tonight’s twin quakes? Well… 

The closest historical comparison to the twin quakes this evening likely dates back to the March 26, 1812, Caracas earthquake sequence, which was described as twin destructive shocks within 30 minutes. That quake led to an estimated death toll of 15,000 to 20,000, while a USGS historical summary says it may have claimed about 30,000 lives.

Quake activity elsewhere…

And Japan. 

There were no immediate reports of damage to Venezuela’s oil facilities, according to people familiar with the situation. The country’s refining hub in Paraguaná, 225 kilometers (140 miles) west of the epicenter, continued operations as usual. Work at the port of Jose complex and at the Puerto La Cruz refinery was unaffected.

The disaster will further strain the nation’s crisis-hit economy. The country is reeling from one of the world’s fastest inflation rates and rolling power outages. As such, the quake could open a window for President Trump to offer emergency aid and logistical support, potentially creating the first step toward a broader US-backed reconstruction effort in Venezuela.

*Developing…

Tyler Durden
Thu, 06/25/2026 – 07:05

Heat Dome Sends European Power Prices Soaring

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Heat Dome Sends European Power Prices Soaring

An intense heat wave continues to bake France and parts of Europe, with temperatures surging well above the 30-year average for this time of year.

Welcome to summer. 

In France, the average daily temperature reached 85.6F on Tuesday, according to Météo-France, while Pissos in southwest France hit 111.7F.

The heat dome parked over Western Europe is set to fade by the end of the week, but temperatures will remain well above the 30-year seasonal average.

French evening power prices on Tuesday soared to their highest level since the 2022 energy crisis, while German power prices hit two-year highs. In Belgium, peak-hour power prices for Wednesday evening jumped to 933.28 euros per megawatt-hour on EPEX Spot.

French grid operator RTE is preparing for possible heat-related disruptions, including de-energizing power lines.

The heat is also straining climate-friendly power grids because of low wind generation, while heat-related restrictions at French nuclear plants have created a perfect storm of tight power supply just as millions of residential and commercial buildings crank up their air conditioning.

Red heat warnings have also been issued across Germany, Luxembourg, Switzerland, and the UK through Thursday.

Bloomberg noted, “France is at the epicenter of this month’s heat wave, as a high-pressure heat dome is reinforced by atmospheric shifts linked to a developing El Niño.” 

Latest El Niño coverage:

Meanwhile, it’s quite nice in Washington, DC, right now, with average temperatures holding below 30-year averages. 

When Democrats are not ramming through radical de-growth climate bills, their climate propaganda machine goes quiet. 

Tyler Durden
Thu, 06/25/2026 – 06:55

Chinese Humanoids Take On Penalty Challenge As Messi, Ronaldo Light Up FIFA World Cup

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Chinese Humanoids Take On Penalty Challenge As Messi, Ronaldo Light Up FIFA World Cup

Authored by Jijo Malayil via Interesting Engineering,

As the World Cup fever grows around stars like Messi and Ronaldo, Shanghai hosts a unique penalty shootout featuring humanoid robots.

Humanoid robots are stepping up for a penalty shootout.Boston Dynamics/YouTube

At MWC Shanghai 2026, humanoid robots are stepping up to the spot in the Humanoid Robot Football Penalties Challenge, testing the limits of robotics, AI, machine vision, and real-time motion control.

According to Chinese media outlets, the event showcases how embodied AI performs under pressure, highlighting next-generation autonomous technology through football-inspired challenges.

Ahead of the 2026 FIFA World Cup, Hyundai Motor recently launched a football-themed campaign featuring Boston Dynamics’ Atlas humanoid robot.

Humanoid football test

On its opening day at MWC Shanghai 2026 on June 24, the spotlight quickly shifted from keynote speeches to a live demonstration of embodied AI in action: the Humanoid Robot Football Penalties Challenge.

Held within the Mobile AI Innovation Frontiers Zone at the Shanghai New International Expo Centre, the event is designed as a controlled stress test for real-time autonomous decision-making, where humanoid robots must read the goal, judge angles, and execute penalty kicks without pre-programmed sequences, external control, or resets, reported CGTN.

While official details of the participating humanoid robots remain limited, videos circulating online suggest models from Booster Robotics and Unitree Robotics taking part in the challenge.

In the penalties challenge itself, participating humanoids are evaluated on perception accuracy, balance control, motion planning, and adaptive response under game-like pressure. Each robot must independently interpret ball position and goalkeeper movement before committing to a strike, making split-second corrections based on sensor feedback.

The format escalates through semi-finals and a final scheduled for June 25, intensifying constraints to simulate high-pressure competitive conditions. By turning a universally understood sports moment – the penalty kick – into a robotics benchmark, the showcase highlights how far embodied AI has progressed toward coordinated, human-like physical intelligence in unpredictable environments.

Atlas soccer showcase

In a recent football demonstration by Boston Dynamics, an Atlas robot is shown standing before a large display screen, closely tracking player movements, body positioning, and in-game reactions across football footage. After each clip ends, Atlas moves into a practice zone where it immediately attempts to reproduce the actions it has just observed, effectively linking visual perception with physical execution in real time.

The footage highlights a series of football-inspired motions. In one sequence, the robot shifts its weight, swings a leg forward, and smoothly guides a ball across the floor with controlled contact. It then progresses through rapid training drills focused on balance, coordination, and timing. As the session continues, Atlas’s movements appear increasingly fluid, suggesting the system is being evaluated not only for strength but also for agility, reflex response, and adaptive motor control.

Some of the most notable moments show Atlas imitating human emotional reactions. After completing a drill, it raises its arms in celebration, mirroring a footballer’s goal celebration. In another instance, it drops to one knee and pauses, recreating an injury response seen in match footage it had just observed.

Hyundai Motor Company, parent of Boston Dynamics, described the demonstration as Atlas’s first exposure to football under its “School of Football” initiative. The company has also indicated potential plans to showcase Atlas and the quadruped robot Spot at the FIFA World Cup, though their exact roles remain undisclosed.

Tyler Durden
Thu, 06/25/2026 – 06:30

India’s Imports Of Russian Oil Set For New Record High

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India’s Imports Of Russian Oil Set For New Record High

India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Moscow’s oil again, OilPrice reported.

India has imported 2.6 million barrels per day (bpd) of Russian crude oil so far in June, according to preliminary vessel-tracking data from commodity analytics firm Kpler cited by Indian media.

So far this month, Russian crude has accounted for as much as 53.5% of all Indian oil imports, per the data.   

India’s full-month imports of Russian crude are set for a record-high of 2.35 million bpd in June for any month ever, Kpler has estimated. This would exceed the previous record of 2.2 million bpd from May 2023. 

Going forward, Russian crude will remain a key source of supply for India even if the U.S. does not extend the waiver for Russian crude already loaded on tankers, analysts say. Which is odd because when viewed from the other side, the picture is a mirror image: as shown in the chart below, Russian crude oil exports to India have reportedly plunged to just 555kb/d in the last week, the lowest volume in 4 years.

In other words, there is a disconnect in the data. 

In any case, last week, as it announced the memorandum of understanding with Iran, the U.S. quietly let the waiver on Russian oil sales expire without renewing it.

“India’s imports remained strong through June, supported by continued discounts and steady refinery demand,” Sumit Ritolia, manager, modelling and refining at Kpler, told Financial Express.

“Regardless of whether the US waiver is extended, we expect India’s imports of Russian crude to remain robust, even if not at record-high levels.”

India turned en masse to Russian oil in 2022, when the U.S. and the EU imposed sanctions on Moscow due to the invasion of Ukraine. Four years later, India is a major buyer of Russia’s crude, and Russia is India’s single-largest oil supplier.

As supply from the Middle East crashes, India is also buying growing volumes of crude from West African producers Nigeria and Angola, as well as from South American producers Brazil and Venezuela.

Tyler Durden
Thu, 06/25/2026 – 04:15

London’s West End To Be Blanketed With AI Facial Recognition Cameras

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London’s West End To Be Blanketed With AI Facial Recognition Cameras

Authored by Steve Watson via Modernity News,

In the latest dystopian lunge toward a total surveillance state, the London Metropolitan Police has confirmed plans to deploy static live facial recognition cameras in the West End, including Soho and areas around major theatres and retail spots, with installation targeted for the end of this year.

Six additional areas are slated for rollout in 2027. The fixed cameras, mounted on lampposts and street furniture, will operate continuously and can be repositioned based on shifting crime patterns.

Privacy campaigners warn the move creates “digital police lineups” for innocent theatregoers and shoppers in one of Britain’s busiest tourist zones, escalating a technology already used to scan millions of faces.

The expansion fits a clear pattern of UK authorities layering physical biometric surveillance onto existing efforts to shape online narratives, restrict speech, and monitor public discourse under pretexts of safety and disinformation control.

During a six-month pilot in South London earlier this year, static cameras scanned approximately 470,000 faces, resulting in over 170 arrests, and they claim recording just one false alert. Police claim that non-matches have their biometric data deleted immediately.

Met Commissioner Sir Mark Rowley described the technology as “one of the most revolutionary technology advances in policing in recent years,” adding “Public confidence in this is clear – around 80 per cent of Londoners support its use.

Rowley also stated the force wants “to build on our success by introducing this capability to the West End and Soho by December. The use of static cameras will help us continue cutting crime in high-footfall areas in central London.”

Policing Minister Sarah Jones has backed nationwide expansion with record investment. Dee Corsi of the New West End Company welcomed a potential West End pilot, saying it offers “a significant opportunity” to tackle crime and boost public confidence.

Critics see something far more intrusive. Big Brother Watch’s Silkie Carlo called the fixed-camera expansion “an alarming escalation of an intrusive technology which has already scanned the faces of millions of innocent Londoners.”

She further stated: “Forcing people to enter a digital police lineup in the capital’s busiest and most popular destinations is an affront to the idea that you should not have to identify yourself to the police if you have done nothing wrong. To see a play, you must now pay with your privacy.”

Jack Coulson, Head of Advocacy at Big Brother Watch, echoed the concern: “Legislation to regulate the police’s use of facial recognition is expected in the Autumn. Yet the police are rushing ahead with AI monitoring of the public under their own rules. We are calling on the Met to stop this experiment until, at least, Parliament has spoken. Policing by consent is a cultural inheritance we must protect. Permanent biometric surveillance of the public square is incompatible with that ideal.”

Liberty director Akiko Hart described the West End move as a “major escalation” and urged the Met to pause expansion until proper legal safeguards exist. A joint civil society push, including Article 19 and Big Brother Watch, has already written to the Home Office demanding future facial recognition laws protect privacy rather than enable unchecked state power.

Previous deployments underscore the rapid creep. Big Brother Watch highlighted live facial recognition operations in Waltham Forest and Islington in mid-June, labeling them an “enormous expansion of the surveillance state” that sets a dangerous precedent.

Earlier warnings detailed government moves to broaden the technology’s use nationwide and documented cases of innocent people wrongly targeted, including shoppers ejected from stores via facial recognition systems.

This street-level biometric dragnet does not exist in isolation. It forms part of a wider architecture of control.

The facial recognition technology is presented as essential because root problems – including crime linked to failed integration and lax border policies – remain unaddressed. London’s West End, long a symbol of British openness and culture, now risks becoming a permanent testing ground for mass biometric monitoring of ordinary citizens who have committed no offense.

Permanent AI enhanced surveillance infrastructure in public spaces undermines the principle that the state must justify intrusion, not assume it. Real security comes from competent policing, secure borders, and addressing the policy failures that create high-crime environments in the first place – not from turning every street corner into a digital checkpoint.

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
Thu, 06/25/2026 – 03:30

Albanian PM Pooh-Poohs ‘Pink Flamingo’ Protesters Opposing Jared Kushner Resorts

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Albanian PM Pooh-Poohs ‘Pink Flamingo’ Protesters Opposing Jared Kushner Resorts

After weeks of daily protests, Albanian Prime Minister Edi Rama is digging in to defend two luxury resort projects backed by Jared Kushner’s investment company that have resulted in thousands of people protesting in the streets of the capital Tirana and on the southern coast, where one of the resorts is slated to be built. 

Protesters opposed to two planned resorts in ecologically sensitive areas, in Tirana, on June 12.Photographer: Atdhe Mulla/Bloomberg

The opposition has dubbed itself the “Flamingo Revolution” due to the impact on a protected wetland home to flamingoes, seals, and sea turtle nesting sites – with protesters hoisting inflatable pink birds and signs opposing the projects.The demonstrations began late last month as site preparations began on the Zuvernec peninsula – while Kushner’s wife, Ivanka Trump, went on a podcast and discussed plans to develop the island of Sazan. 

The resort development he champions is the brainchild of Kushner and his wife, Ivanka Trump, who described falling in love with Albania a few years ago while visiting on a boat. Rama met them on that trip and found ​them to be “very nice, humble…humanly good people.”

Now, ​Kushner’s investment firm Affinity Partners is ⁠involved in the €1.4 billion ($1.6 billion) project near the Vjosa-Narta protected area, and another one on nearby Sazan Island.

Together the projects are worth up to €5 billion, Rama said. –Reuters

According to Rama, the protesters are not engaging in genuine demonstrations – rather, it’s “political theater,” he told Bloomberg on Tuesday – claiming that the protests are backed by “an enormous digital amplification ecosystem that is clearly not organic,” and has blamed Iran and others due to the fact that Albania is home to 3,000 members of an exiled Iranian opposition group, the People’s Mojahedin Organization of Iran.

Albanian Prime Minister Edi Rama (REUTERS/Florion Goga)

“Neither a loud minority, joined by every opposition force, nor a wave of digitally amplified outrage fueled by the global fascination with the Trump name attached to what I believe is an extraordinary opportunity for Albania (and further amplified by the interference of malign foreign actors) will divert us from implementing our Albania 2030 Vision,” he told the outlet. 

Abandoned former military housing on Sazan island, Albania.Photographer: Atdhe Mulla/Bloomberg

“Our standard is clear: law, science, transparency and European obligations – not hysteria,” Rama told Bloomberg. “We are opening the country, protecting its natural assets, attracting serious investment and moving steadily toward EU membership.”

Tyler Durden
Thu, 06/25/2026 – 02:45

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