It was back in February, when we explained to Elon Musk why his strategy to shock the US government into spending “efficiency” through DOGE, while noble, is ultimately doomed to wit: “What Musk is doing in trying to streamline the govt is admirable but ultimately it will be Congress that decides the endgame. And there things are as status quo as always.”

Status quo it was indeed, and it took the world’s richest man several months to realize it, and while there has been a heated fight in the press whether DOGE is still technically active inside the Trump admin, we have some bad news: after a valiant start to 2025, the US has regressed to its old drunken-sailor spending ways… and has seemingly done so on steroids.

Earlier today, the Treasury published the October budget data, and it was ugly. Not all of it, mind you: tax receipts were actually quite solid: at $404 billion, consisting of $217 billion in income taxes and $128 billion in social security receipts…

… government revenues were actually a solid 23.7% improvement to the $326.8 billion collected in October 2024. Of course, that includes the now solid monthly contribution from Trump’s tariffs which in October added $31 billion to the tally.

As usual, it was government spending that was the problem again, and at $688.7 billion, or over $22 billion per day, the October total was a 17.9% jump compared to the $584.2 billion spent a year prior. And just when the US was making some modest progress on merging the red (spending) and green (revenue) lines.

The combination of these two numbers resulted in a $284.4 billion deficit for the month of October, which was not only higher than the $257.5 billion deficit last October, but also higher than the record covid budget buster of $284.1 billion in October 2020! 

And since we are now (only) one month in fiscal 2026, we now have the worst budget-deficit start to a fiscal year in US history.

In other words, no matter what the official line is, DOGE has left the building. 

Taking a closer look at the causes of the October budget-busting deficit reveals the same usual suspects: spending across all major categories increased in October, but the most dramatic one was once again the relentless surge in the gross US interest, which is now a record $1.24 trillion in the last twelve months, and is rapidly approaching social security ($1.589 trillion LTM) as the largest source of government spending. 

And here is the punchline: October gross interest was a record $104.4 billion, the highest for the month on record…

… and at $1.24 trillion in LTM interest expense, it means that 24 cents of every dollar in collected taxes goes to pay interest on the debt. 

Bottom line: after a brief period of irrational hope in early 2025 when Musk’s obsession with DOGE and cutting spending gave the US some hope that there just may some – very painful – way out of this Minsky Moment, we are not only back at square zero one and back on the fast-track to the debt-death of the United States, but the US fiscal picture has never been worse!

No wonder why in a recent public commentary, Musk fully agrees with us: the government is unfixable.

🚨ELON MUSK: “I haven’t been to DC since May. The government is basically unfixable. I applaud David (Sacks’) noble efforts…but at the end of the day if you look at our national debt…if AI and robots don’t solve our national debt, we’re toast.” pic.twitter.com/XKSes4fBfq

— Autism Capital 🧩 (@AutismCapital) September 10, 2025

Authored by Naveen Athrappully via The Epoch Times,

Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the launch of a new national hotline that allows public housing residents to report on criminals and illegal immigrants in HUD-funded housing.

The hotline, 1-800-347-3735, can be used by residents to call the HUD Office of the Inspector General (OIG) for reporting “criminals, illegal aliens, sex offenders, human traffickers, and those guilty of gang activity, drug distribution, and fraud,” Turner said at a Nov. 24 press briefing in Memphis, Tennessee.

Residents can also submit tips on the 24/7 monitored Hudoig.gov/hotline website.

Housing Secretary Scott Turner (R) with President Donald Trump in Washington on July 22, 2025. Andrew Caballero-Reynolds/AFP via Getty Images

According to Turner, law enforcement personnel stand ready to assist with any complaints received through the hotline or website. The activity is coordinated with assistance from the FBI, the Department of Justice, and state and local partners.

He encouraged public housing residents to make use of the reporting platforms.

“We’ll clean up our public housing so that they can fulfill their function of sanctuaries for the most vulnerable people in our country, where American citizens can get a temporary hand up and then gain independence from government help,” the Housing secretary said, adding that the department wanted to assist American citizens specifically.

“Illegal aliens have no place in public housing. It’s outrageous that people who should not be here come across our borders, and now usurp spots and housing units that support American people.

“Establishing this hotline is an important step in fighting this injustice for both the people of Memphis and for Americans nationwide.”

Turner said the hotline was part of President Donald Trump’s effort to make the city safe again, which includes the Memphis Safe Task Force. The task force was set up following a Sept. 15 directive from Trump that ordered the National Guard and government agencies to assist in restoring law and order in Memphis.

More than 3,000 violent fugitives have so far been arrested by the task force since the operation began in October, Turner said. This includes more than 300 known gang members and up to 12 homicide suspects.

An estimated 6.8 million Americans rely on public housing assistance, based on data from the National Center for Health in Public Housing (NCHPH).

According to a September 2020 report from NCHPH, crime rates are higher in areas where Public Housing Primary Care (PHPC) Health Centers are located than the national average. These centers provide medical services to patients living in public housing or in close proximity to it.

“There is an average of 505 violent crimes per 100,000 population in PHPC Health Center counties compared to the national average of 386 per 100,000,” the report reads.

Mixed-Status Families

Trump signed an executive order in February ordering agencies to ensure that “no taxpayer-funded benefits go to unqualified aliens.”

Following the executive order, Turner issued a letter to HUD grant recipients and stakeholders in April, informing them that federal housing assistance benefits will no longer be granted to illegal immigrants.

“The Department will take steps to ensure that Federal resources are not used to support ‘sanctuary’ policies of State and local jurisdictions that actively prevent federal authorities from deporting illegal aliens,” the letter reads.

Meanwhile, in a Sept. 15 post, policy research group Urban Institute raised concerns about how HUD’s policies would affect mixed-status families in which members have varied immigration statuses.

The institute said that fewer than 1 percent of households receiving housing assistance are mixed-status and that the “HUD’s data request will have dire consequences” on this group, including psychological distress, financial hardship, and harm to children’s development.

HUD said in a Nov. 21 statement that it has supported housing affordability for more than 1 million Americans this year.

Since January 2025, the Federal Housing Administration, an agency under HUD, has insured mortgages for more than 700,000 homebuyers and refinance borrowers, which includes first-time homebuyers and senior citizens, it said.

During this period, the Government National Mortgage Association, or Ginnie Mae, has supported more than 430,000 Veterans Affairs loans, HUD said, adding that nearly a third of these loans went to first-time homebuyers.

“President Trump’s bold leadership is empowering HUD to use every tool at our disposal to make the American dream of homeownership a reality,” Turner said in a statement.

Today, Tupelo, MS is the nation’s most affordable city, where your dollar can stretch 21% further than the U.S. average.

Similarly, several Southern cities have the lowest cost of living in the country, typically seeing smaller populations and more affordable housing. In contrast, New York and California continue to rank among the most expensive places to live.

This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the U.S. cities with the lowest and highest cost of living, based on data from the Council for Community and Economic Research.

Where Are America’s Affordable Cities?

Below, we rank cities by their cost of living index, which measured 61 items in Q2 2025:

Oklahoma stands out for affordability, with three of the nation’s 10 most affordable cities. Texas and Kansas follow closely, each with two.

In Oklahoma City, the median home sale price sits at $225,167, and more than half of homes sold in August went for less than the list price. Down south, McAllen, Texas saw the third-lowest grocery costs in the country.

At the other end of the spectrum, living costs in Manhattan are more than twice the national average—72% higher than even San Francisco. Neighboring boroughs like Brooklyn and Queens also rank among the least affordable in the U.S., driven by an influx of Manhattan buyers during the pandemic.

Honolulu, meanwhile, takes the lead for grocery expenses, with prices more than 32% above the U.S. average, and 13% higher than in Manhattan.

To learn more about this topic, check out this graphic on the world’s most expensive real estate markets.

Authored by Matthew Vadum via The Epoch Times (emphasis ours),

The Council on American-Islamic Relations (CAIR) filed a federal lawsuit against Texas Gov. Greg Abbott after he designated the controversial Muslim advocacy group as a Foreign Terrorist Organization and a Transnational Criminal Organization.

CAIR Litigation Director and General Counsel Lena Masri said in a statement that the group filed the lawsuit on Nov. 20 to defend itself.

“No civil rights organizations are safe if a governor can baselessly and unilaterally declare any of them terrorist groups, ban them from buying land, and threaten them with closure,” she said.

In a Nov. 18 proclamation, Abbott also assigned the same designations to the Muslim Brotherhood, an organization created almost a century ago.

Although the Muslim Brotherhood, which has branches all over the world, says it has renounced violence and now aims to establish Islamic rule through elections and other peaceful means, the proclamation said the Muslim Brotherhood “provides support to localized branches in countries and territories throughout the world, including groups that conduct terrorism internationally.”

The proclamation describes CAIR as a Muslim Brotherhood “successor organization,” and notes that the FBI has described CAIR as a “front group” for “Hamas and its support network” in the United States.

The new state-level designations empower the Texas attorney general, currently Ken Paxton, to sue to shutter both groups and block them, as well as their affiliates, from acquiring land in Texas, the Republican governor said. The organizations were designated under the Texas Penal and Property Codes, according to the proclamation.

“The Muslim Brotherhood and CAIR have long made their goals clear: to forcibly impose Sharia law and establish Islam’s ‘mastership of the world,’” Abbott said in a statement.

“The actions taken by the Muslim Brotherhood and CAIR to support terrorism across the globe and subvert our laws through violence, intimidation, and harassment are unacceptable,” he said.

After the lawsuit was filed, President Donald Trump said on Nov. 23 that he was planning to designate the Muslim Brotherhood as a Foreign Terrorist Organization, a move that he has considered since his first term.

On Nov. 24, Trump signed an executive order to begin the process of designating “certain chapters or other subdivisions” of the Muslim Brotherhood as Foreign Terrorist Organizations and Specially Designated Global Terrorist entities under federal law.

Although neither CAIR nor the Muslim Brotherhood had to date been designated as a Foreign Terrorist Organization by the president, the State Department has designated specific branches of the Muslim Brotherhood as Specially Designated Global Terrorist entities, according to the proclamation.

The Muslim Brotherhood has been banned or labeled a Foreign Terrorist Organization in several countries, among them Austria, Bahrain, Egypt, Saudi Arabia, the United Arab Emirates, and Jordan.

Under U.S. law, a Foreign Terrorist Organization is a foreign organization that the federal government recognizes as engaging in or having the capability of engaging in terrorism that threatens U.S. national security. U.S. law forbids persons in the United States from providing material support to such a designated organization and requires U.S. financial institutions to report funds in the organization’s possession to the Office of Foreign Assets Control of the Treasury Department.

A Specially Designated Global Terrorist is a person or entity that the State Department or the Treasury Department has designated as a terrorist. The person or entity has been deemed to have committed, or to pose a significant risk of committing, acts of terrorism “that threaten the security of U.S. nationals or the national security, foreign policy, or economy of the United States.” The designation allows the federal government to direct U.S. financial institutions to block the assets of the person or entity.

The Dallas-Fort Worth and Austin chapters of CAIR filed the new lawsuit in U.S. District Court for the Western District of Texas, calling Abbott’s proclamation “defamatory.”

The group alleged in its complaint that the governor is attempting “to punish the nation’s largest Muslim civil rights and advocacy organization simply because [he] disagrees with its views.”

Abbott allegedly violated the First Amendment by issuing the proclamation, which “chills Plaintiffs’ freedom of speech and freedom of association, and retaliates against Plaintiffs for their exercise of their rights,” the complaint stated.

The group also stated that Abbott’s statement that it functions as a “front group” for Hamas is “inflammatory” and has no basis in fact.

The Epoch Times reached out for comment to the governor’s office and the Muslim Brotherhood. No replies were received by publication time.

Aldgra Fredly and Jacob Burg contributed to this report.

Recently obtained internal documents from the National Education Association, the largest teachers union in the US, focus on training educators to become far-left activists in support of spreading woke propaganda to their students.  

According to information gathered by a conservative non-profit called Defending Education, the NEA’s upcoming training at an undisclosed location this December doesn’t focus on academics, but on attacking Republicans as “racist and transphobic,” pushing race-class-gender narratives, and promoting gender-transition guides for staff.

The training is targeted for union staff and teams as part of the NEA UniServ and Organizing Training Program 2025–2026.  

The goals of the session include, but are not limited to, “dismantling systems of privilege and oppression as it relates to LGBTQ+ educators and students” and “deepening skills and strategies to confront implicit bias, micro-aggressions and stereotypes.”  

Republicans are characterized as using an “arsenal of racist dog whistles,’ according to training materials. Participants are instructed how to evoke a “Race Class Gender Narrative” to push back.  

“Over the last ten years, Republicans in state legislatures have increasingly turned to anti-transgender rhetoric and legislation as a powerful complement to their arsenal of racist dog whistles used to whip up fear and consolidate power…they have paired these attacks with fear-mongering about Critical Race Theory, mobilizing their base with a potent mix of racist and transphobic tropes.”

The documents focus heavily on issues like “structural oppression” and transgender propaganda with an emphasis on defending the medical transitioning of children.  Teachers are encouraged to use gender fluid language (like neutral pronouns) with students while avoiding scrutiny from parents and administrators. 

Teacher’s unions have consistently acted as a root source for woke indoctrination, feeding talking points and activist strategies to leftist teachers who then operate as grooming agents rather than academic educators.  As Florida Governor Ron DeSantis notes on X:

“The radical partisanship of these teacher unions has been a major contributor to education decline in the US.  They see the K-12 school system as as a political means for adults to further their agenda.  This is why the unions fought so hard to close schools during COVID; it was never about the kids.”

“The NEA is the largest teachers’ union in the country, and they have decided to vilify half the country in an upcoming training,” said Erika Sanzi, senior director of communications for Defending Education.  “As far as they are concerned, the only reasons anyone could oppose their preferred ideologies are racism and transphobia and they name Republicans as villains, in writing!” 

Sanzi added:

“Their federal charter was granted because they promised to ‘elevate the character and advance the interests of the profession of teaching; and to promote the cause of education in the United States…Seeing as their leadership—and by extension, the organization itself—has morphed into a far-left insane asylum that is actively destroying the cause of education, that charter is no longer defensible…”

Leftist activism within the education system is perhaps one of the greatest existential crises in America’s recent history.  Children are brainwashed by teachers to believe in deconstruction ideology; to hate western civilization, to embrace moral relativism, to ignore biological facts and adopt mentally unhinged sexual theories. 

Since progressives are increasingly refusing to have their own children and build their own families, the only way they can carry on their doctrine to the next generation is to poison the minds of other people’s children.  Teachers unions have played an integral role in this agenda.   

Authored by Aldgra Fredly via The Epoch Times,

The Department of Justice (DOJ) renewed its request on Nov. 24 to unseal grand jury materials related to the case of deceased convicted sex offender Jeffrey Epstein and his accomplice Ghislaine Maxwell, following the passage of the Epstein Files Transparency Act last week.

In a motion filed to a U.S. District Court in the Southern District of New York, the DOJ said the Epstein Files Transparency Act—which President Donald Trump signed into law on Nov. 19—reflects the congressional intent to override grand jury secrecy.

“In the light of the Act’s clear mandate, the Court should authorize the Department of Justice to release the grand jury transcripts and exhibits and modify any preexisting protective orders that would otherwise prevent public disclosure by the Government of materials of which is required by the Act,” it stated.

The DOJ said it would make appropriate redactions to protect victims’ identities and other personal information. The law requires that any redactions be accompanied by a written explanation, which must be published in the Federal Register and submitted to Congress.

It requested that the court issue an expedited ruling, as the Act requires the DOJ to release all unclassified records and investigative materials related to the case within 30 days.

In August, U.S. District Judge Richard Berman denied the DOJ’s bid to unseal the grand jury materials, ruling that officials had failed to provide sufficient justification for unsealing the files and citing potential safety risks to victims.

U.S. District Judge Paul Engelmayer on Aug. 11 denied a similar motion in Maxwell’s case, finding that granting the motion “would bloat the ‘special circumstances’ doctrine, which to date has warranted disclosure in only a tiny number of cases, all involving unique testimony by firsthand witnesses to events of obvious public or historical moment.”

After the Epstein files bill cleared the Senate, the DOJ filed a renewed motion on Nov. 21 to a U.S. District Court in Florida to unseal the grand jury materials, followed by a second filing in the Southern District of New York on Nov. 24.

Grand jury materials are typically kept private. Exceptions outlined in federal rules allow the unsealing of materials, and special circumstances, including public interest, can permit unsealing outside those exceptions.

Epstein was convicted in 2008 in a Florida state court for procuring a child for prostitution and soliciting a prostitute after pleading guilty. He was later arrested in 2019 on sex trafficking charges.

His former girlfriend and associate, Maxwell, was sentenced in 2022 after she was found guilty of child sex trafficking and other offenses. In August 2019, Epstein was found dead in his New York jail cell in what was ruled a suicide.

Building on our earlier housing-market note that “current conditions point to more persistent headwinds” across major metro areas, we now turn to new Redfin data showing a surge in delistings – a clear sign the market is slipping into year-end paralysis.

According to Redfin’s report, roughly 85,000 U.S. homes were pulled off the market in September – a 28% jump from last year and the highest September total in eight years. Redfin classifies a home as delisted when it’s removed for more than 31 days without selling. 

Redfin points to a set of underlying market dynamics fueling the rapid rise in delistings:

• Stale listings dominate: 70% of all listings in September had been on the market 60+ days. The median delisted home sat 100 days before being pulled. Markets remain oversupplied, with roughly 500,000 more sellers than buyers.

• Demand is very weak: High rates, high prices, and broad economic uncertainty are sidelining buyers.

• Sellers refuse to take losses: 15% of delisted homes were at risk of selling at a loss—the highest in five years—leading many owners to withdraw rather than accept lower bids.

• Turn to renting: Many would-be sellers prefer to rent out the property and wait for better conditions.

Delistings accounted for 5.5% of all September transactions (vs. 4.8% a year earlier), the highest share for that month since tracking began in 2016.

Redfin economists say the jump is more serious than it appears because sellers “give up” after long periods without offers.

“That increase is bigger than it looks on paper; it represents a fairly significant jump in delistings from last year,” Redfin senior economist Asad Khan stated, adding, “More sellers are giving up because their homes have been sitting on the market for a long time, and they don’t want to or can’t afford to settle on accepting a low price.”

Redfin data showed that 20% of the homes delisted in summer were relisted within three months – this is typically a pricing reset tactic and also to show up on the top feeds of popular online real estate marketplaces. 

Wonder how many of those are Airbnbs?

On a geographic basis, these are the metros experiencing the most delistings in September:

• Virginia Beach +74.5%

• Washington, D.C. +53.9%

• San Jose +53.3%

• Dallas +52.1%

• Houston +49.6%

Highest delisting share of all listings:

• Miami 7.8%

• Fort Lauderdale 7.7%

• Dallas 7.5%

• Philadelphia 7.5%

• West Palm Beach 7.5%

The latest Case-Shiller data shows U.S. home prices in the 20 largest cities rose 0.13% MoM in September (very slightly better than the 0.1% rise expected) and are up for the second month in a row (after falling for five straight months before). This MoM rise left the average prices up just 1.36% YoY – the lowest since July 2023…

Declining mortgage rates suggest a looming rebound in aggregate prices…

Home Prices are now falling (YoY) in a majority (11/20) of America’s largest cities…

Additionally, new listings remain stagnant because many homeowners are opting not to list. That’s because they’re locked in ultra-low mortgage rates (2020–2022) and won’t give them up unless they get a premium. 

The latest weekly data from Bright MLS shows cancellations running at above-trend levels across its Mid-Atlantic coverage area.

Translation: housing-market paralysis has deepened, which is why President Trump proposed a 50-year mortgage to break the ice.

Via SchiffGold.com,

On Wednesday’s episode of the Peter Schiff Show, Peter returns to his show to walk listeners through what he sees as multiple asset bubbles and why those bubbles matter beyond headline market moves. He calls out the AI stock mania, a fragile housing market propped up by policy, and the crypto circus — all potential bubbles inflated by easy money.

He opens by framing the broader problem: we don’t just have one overheating market, we have many, and policy choices make their unwinding more dangerous:

The bigger question is not just whether or not this is a precursor for other bubbles to pop because there are a lot of bubbles. We have a bubble in AI stocks and I’ll talk about that too. On this podcast, we got Nvidia earnings out after the close today, but we have the AI bubble. There’s a bubble in housing, which, you know, the government is really trying to prevent from deflating, which of course they need to allow it to deflate, but they’re afraid of what might happen.

Peter is careful to separate hype from technological promise — he believes AI could genuinely reshape productivity and living standards — but warns that enthusiasm is fueling speculative excess rather than sober investment:

When I talk about an AI bubble, I am not saying that there isn’t potential in artificial intelligence. In fact, I think there’s tremendous potential. I think there’s probably more potential there than in anything I’ve seen, which would include the internet, which had a lot of potential. I think that AI could be the most transformative invention as far as lifting the standard of living of all of humanity.

Shifting from tech to crypto, Peter points to recent price action as evidence that much of the Bitcoin story is built on air — a sharp drawdown is “a pretty big bear market in nothing,” and he prefers measuring crypto’s value relative to gold rather than dollars:

Earlier this afternoon, Bitcoin traded below 88,500. Now, of course, that’s still a ridiculously high price to pay for nothing, but it’s about 30% below what you had to pay for nothing a couple of months ago. All right. So that is a pretty big bear market in nothing; Bitcoin down 30%. In terms of gold, which again is a better way to measure the price of Bitcoin, because after all Bitcoin is marketed as being digital gold, as being an alternative to gold that is going to replace gold because it’s better than gold.

Ironically, Peter says, the one real constructive outcome from the crypto craze could be greater utility for actual money: tokenized gold. If blockchain tech makes gold more liquid and transferable, that can strengthen gold’s role rather than replace it — because tokens are only as meaningful as the asset backing them:

Ironically, the one thing that might come out of the whole crypto bubble is tokenized gold. Gold may be the only real winner. Rather than killing gold, blockchain may have just given it a new lease on life by making gold even more efficient than it’s ever been as a means of exchange, making it more liquid, making it more divisible, making it more portable. All the characteristics that people think Bitcoin has that are better than gold are worthless without the underlying value of gold.

Finally, Peter reads the Fed’s recent comments as dangerously complacent. He notes that members of the FOMC (Federal Open Market Committee) appeared to downplay inflation risks tied to tariffs, suggesting any price increases from trade barriers may be temporary — even as tariff policy changes are being used politically to try to cool prices:

I thought what was significant, and it should have produced a bigger reaction, but it did not, was that the FOMC members seem to believe that the inflation threat that they thought may have come from tariffs isn’t there. And to the extent that prices are higher, that it’s not, you know, a permanent thing, that it’s like a one and done situation. And of course, Trump has been rolling back more tariffs recently, a lot of items. 

Prediction platform Polymarket has received regulatory approval from the US Commodity Futures Trading Commission to operate an intermediated trading platform.

In a Tuesday notice, Polymarket said the CFTC issued an Amended Order of Designation, which will allow the company to “operate an intermediated trading platform subject to the full set of requirements applicable to federally regulated US exchanges.”

As Bitcoin Magazine’s Micah Zimmerman reports, the move enables the market to onboard brokerages and customers directly. Users can now trade through futures commission merchants (FCMs) and access traditional custody, reporting, and market infrastructure.

“People rely on Polymarket because we provide clarity where there is confusion,” said Shayne Coplan, the founder and CEO of Polymarket.

“This approval lets us operate with the maturity and transparency the U.S. regulatory framework demands. We’re grateful for the constructive engagement with the CFTC and look forward to leading as a regulated exchange.”

Polymarket has upgraded its systems in line with the new order. It now has enhanced surveillance, market supervision policies, clearing procedures, and Part 16 regulatory reporting. 

Additional rules and processes for intermediated trading will be implemented before the official launch.

Polymarket remains subject to the Commodity Exchange Act and CFTC regulations, including self-regulatory obligations.

Polymarket was barred in 2022 for running an unregistered derivatives exchange but has returned to the U.S. after acquiring QCX, a regulated contract market and clearinghouse.

CFTC leadership in flux

The CFTC notice under acting chair Caroline Pham came as the US Senate is expected to soon vote on the nomination of SEC official Michael Selig as the next chair of the commodities regulator. Lawmakers in the Senate Agriculture Committee voted along party lines to advance Selig’s nomination. 

Even if Selig were to be confirmed, the CFTC would continue to have four empty commissioner seats. As of Tuesday, US President Donald Trump had not announced any potential replacements for the regulator’s leadership.

Polymarket now accepts bitcoin

Earlier this year, the platform also announced support for direct bitcoin deposits. Users can now fund accounts with BTC alongside stablecoins like USDC, USDT, and other crypto. 

In other news, Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is considering a $2 billion investment in Polymarket. The deal could value the platform between $8 billion and $10 billion, according to The Wall Street Journal.

In October, the company was reportedly exploring a funding round at a $12–15 billion valuation.

Shayne Coplan, 27, has become the youngest self-made billionaire following the investment. Just a few years ago, he was an NYU dropout building the company from his bathroom. 

The platform has also drawn investors such as 1789 Capital, backed by Donald Trump Jr., and acquired derivatives exchange QCEX for $112 million, gaining a CFTC license in the process.

One of it’s competitors, Kalshi, another major prediction market accepting bitcoin, recently raised $300 million at a $5 billion valuation and plans to expand access to over 140 countries, with annualized trading volume soaring toward $50 billion. 

Authored by Daisy Luther via The Organic Prepper,

Nearly every household in America has at least a few of the ubiquitous red-and-white cans in the pantry, but perhaps not for much longer. I’m talking of course, about Campbell’s soup, a brand so iconic that Andy Warhol captured it in one of his most famous works of pop art.

First of all, in a leaked recording, it was revealed that the soups contained lab-grown meat – or “chicken that came from a 3-D printer.” Campbell’s strenuously refutes this comment, though the company does use genetically modified ingredients such as canola, corn, soybeans, and sugar beets.

And, just in case that accusation wasn’t enough to make your guts gurgle, it isn’t even the worst thing on that recording.

The recording

Robert Garza, a cybersecurity analyst for the company, was meeting at a restaurant with Martin Bally, one of Campbell’s vice presidents, to discuss his salary.

I’ve not had Campbell soup since I was a kid but damn. VP of Campbell was recorded by a former employee saying that their soup is for “poor people” and filled with bio engineered meat.

He’s since been put on leave but you probably better find a different soup this holiday… pic.twitter.com/uKdyU0mWZV

— Shipwreck (@shipwreckshow) November 25, 2025

He secretly recorded statements made by the VP and chief information security officer during a November 2024 meeting. In a rant that lasted over an hour, here are some of the things captured on the recording.

Local 4 News in Detroit broadcast portions of the recording. In it, a speaker identified as Bally is heard saying, “We have s**t for f***king poor people. Who buys our s**t? I don’t buy Campbell’s products barely anymore. It’s not healthy now that I know what the f**‘s in it.”

He also referenced “bioengineered meat,” saying, “I don’t wanna eat a piece of chicken that came from a 3D printer.”

Just in case that isn’t enough to make you sincerely dislike the speaker, he also disparaged some of his coworkers.

“F***ing Indians don’t know a f***ing thing,” and “Like they couldn’t think for their f***ing selves,” it said in part.

Initially, Garza decided to keep the recording to himself, though he was left with “pure disgust.” However, in January 2025, he reported it to his direct supervisor. Twenty days later, Garza’s employment was terminated.

His attorney, Zachary Runyon, says that Garza reported the incident to protect his coworkers, and that he had a spotless record at the company.

Runyan said Garza had no record of disciplinary action and had not been written up for performance issues.

“He had never had any disciplinary action, they had never written him up for work performance,” Runyan said.

Garza also told reporters that he received no follow-up from Human Resources after submitting his complaint.

Garza has filed suit against Campbell’s.

The lawsuit accuses Campbell Soup Company of maintaining a racially hostile work environment and retaliating against Garza for reporting discriminatory conduct. It asserts claims of employment discrimination and race-based retaliation under Michigan law.

Garza says it is “not the case” that The Campbell Soup Company “treats its employees like family.”

The Campbell Soup Company denies using lab-grown meat.

Campbell’s denies that the company uses lab-grown meat.

“We use 100% real chicken in our soups,” James F. Regan, director of external communications at Campbell’s, told Newsweek. “The chicken meat comes from long-trusted, USDA approved U.S. suppliers and meets our high quality standards. All of our soups are made with No Antibiotics Ever chicken meat. Any claims to the contrary are completely false.”

A spokesperson for Campbell’s also told Newsweek:

“If the recording is legitimate, the comments are unacceptable. They do not reflect our values and the culture of our company. Mr. Bally is temporarily on leave while we conduct an investigation.”

What is lab-grown meat?

Be prepared to learn how it’s better for you than actual meat from a butchered animal. Farm Forward explains the process.

Lab-grown meat, also called cultured or cultivated meat, is grown from the cells of an animal, without any need to slaughter an animal to obtain the meat. The animal’s cells are cultivated in stainless steel drums called bioreactors, which are engineered to encourage replication of cells or growth of biological mass. The products that result from this process have been met with excitement due to their potential to replace the millions of animals being raised on factory farms around the world. Because cultured meat is produced in laboratory environments, it does not suffer from some of the contamination and health issues that plague traditional meat producers, such as antibiotic resistance and foodborne and zoonotic illnesses.

And it’s sooooo wonderful, too.

Cultured meat is cellularly indistinguishable from the flesh of animals raised on a factory farm. However, there are several aspects of health in which cultured meat surpasses traditionally farmed meat. For example, animal agriculture is already one of the major contributors to antibiotic resistance worldwide, and the use of subtherapeutic antibiotics in animal farming is set to increase further in the coming years. Cellular meat does not require the heavy use of antibiotics, so its production does not contribute to this ongoing public health crisis.

Another aspect of cultured meat that makes it healthier than its farm-raised equivalent is its lower likelihood of causing zoonotic diseases. While animal agriculture is likely to be a source of future pandemics caused by illnesses that jump from animals to people, this risk is minimized in cell-cultured agriculture, because there are no animals involved once the cells have been collected.

The article lists one of the major “cons” of lab-grown meat as “cultural acceptance.”

If you haven’t yet, it might be time to meet a local farmer and fill your freezer with meat you can trust.