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Veteran investor George Noble said investors should avoid long-dated bonds and instead focus on energy, commodities, and gold miners as rising deficits, sticky inflation, and higher yields reshape markets.
(George Noble, in collaboration with Seeking Alpha, will host the
THE black leather biker jacket George Michael wore for the music video of 1987 hit Faith fetched £176,400 at auction.
Organisers said “a fan” bought the item, made by London fashion brand La Rocka, and confirmed it would remain in the UK.
The jacket, which George also wore on his 1988 Faith tour, features a BSA logo on the back embellished with crystals.
When first sold in La Rocka’s London shop, the jackets cost £290.
Also sold at the Propstore auction in London was a Gibson Les Paul ’59 once owned by Slash of Guns N’ Roses.
It fetched £233,100, a record for a guitar at auction.
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It was one of 327 rare instruments, handwritten lyrics, stage-used pieces, and iconic personal artefacts sold at the event, which achieved an auction total of £1.9m.
Further success came from the sale of Peter Hince’s Queen collection, which realised a total of £350,000.
Lots from the former roadie for the legendary rock band were led by Freddie Mercury’s Gold Shure 565 SD Microphone Award, the first of his microphones with direct provenance to come to market, which sold for £151,200.
Peter Hince said: “I’m absolutely thrilled with how the auction has turned out, especially seeing Freddie’s gold microphone achieve such a strong price.
“It means a lot to know these pieces are going to fans who truly appreciate what Queen meant and still means today.”
A poster signed by John Lennon, one of the last four items he signed, was sold for £75,600 and Oasis hitmaker Noel Gallagher’s Les Paul Custom 20th Anniversary Guitar also sold for £34,650.
The fedora worn by Michael Jackson in his 1987 Pepsi commercial sold for an eye-watering £34,650.
It will be more than a “Star Wars” bonanza when the Lucas Museum of Narrative Art opens to the public Sept. 22. The highly anticipated $1-billion museum on Thursday announced about 20 inaugural exhibitions curated by George Lucas across more than 30 galleries — and only one is related to cinema, with a focus on “Star Wars” memorabilia, including large-scale vehicle installations, production designs, props and costumes.
The full scope of the 1,200-plus objects will only be revealed when guests step through the museum doors into more than 100,000 square feet of gallery space on the first day of fall.
The futuristic-looking 300,000-square-foot museum in L.A.’s Exposition Park was designed by Ma Yansong of Mad Architects with executive architect Stantec and includes 11 acres of park space that extend to the museum’s roof, designed by Mia Lehrer of Studio-MLA. Co-founded by Lucas and his wife, Mellody Hobson, the museum will rotate the famous filmmaker’s vast collection of narrative art, which contains objects not found in more traditional museums, including manga, comics and children’s tales. The idea is to present the myriad ways images are used to tell an endless variety of stories. Lucas has called his collection “the people’s art.”
Dorothea Lange, “Migrant Mother,” Nipomo, Calif., 1936. Gelatin silver print, 18 3/4 x 14 1/2 in.
(Lucas Museum of Narrative Art, PKY.1062)
Exhibitions currently on deck include a variety of themed shows such as one on the architecture of the building; one titled “Everyday Life,” dedicated to visual stories about “childhood, community, family, love, motherhood, play, school, sports and work”; another titled “Civic Life” featuring “artists’ portrayals of experience in the courthouse, the polling place, the political headquarters”; an exhibit titled “Narrative Forms” highlighting “narrative art across genres of adventure, fantasy, romance and science fiction” by artists including Julie Bell, Boris Vallejo, Ken Kelly, Georges Méliès, John C. Berkey and Jeffrey Catherine Jones; and children’s literature illustrations by Beatrix Potter, Leo Politi, E.H. Shepard and Jacob Lawrence.
George Hughes, “Home at Last,” cover for the Saturday Evening Post, Sept. 1, 1951. Oil on board, 30 x 24 in.
(Lucas Museum of Narrative Art, PKY.993. © SEPS by Curtis Licensing)
There will also be exhibitions devoted to the work of individual artists and genres such as comics and graphic stories from illustrators Mœbius, Marie Severin, Jack Kirby, Alison Bechdel, Jim Lee, Frank Miller and Rafael Navarro; illustrations and book covers by Frank Frazetta; the work of fairy tale and children’s illustrator Jessie Willcox Smith; the lush art of Maxfield Parrish; a selection of work by iconic American artist Norman Rockwell; selected works of Thomas Hart Benton; and early 20th century book illustrations by N.C. Wyeth.
A news release about the inaugural exhibitions noted that they are drawn from the museum’s founding collection of more than 40,000 works.
“The exhibitions trace the evolution of human culture through storytelling, from ancient sculptures of gods and goddesses to Renaissance paintings to photographs, comics and modern cinema,” the release says. “Many exhibitions are organized by theme, focusing on myths about love, family, community and adventure that connect every generation. These shared stories, told over and over in many forms, bind us together and define our human experience.”
Ernie Barnes, “The Critic’s Corner,” 2007. Acrylic on canvas, 23 1/2 x 35 3/8 in.
(Matt Kroening / Lucas Museum of Narrative Art)
The road to the opening of the Lucas Museum has been winding. In 2017, Lucas first announced his decision to build his museum in L.A., with construction beginning the following year. The building was initially scheduled to open in 2021 — a goal that was pushed to 2023 due to COVID-19 pandemic-induced delays. From there, the debut was pushed to 2025, and finally 2026. The museum announced its final opening date last November.
Lucas’ role at his namesake museum has also not always been clear, and the museum’s development has been marked by a series of high-profile staff shakeups. The museum’s original director and chief executive, Sandra Jackson-Dumont, stepped down from her role in early 2025 after less than five years. She didn’t speak publicly about her departure but the museum issued a statement that her decision was based on a “new organizational design” that would split her job into two positions, with Lucas responsible for content direction.
Three months later, the museum laid off 15 full-time employees, a number of whom were from the education and public programming team. Seven part-time, on-call employees were also eliminated. The layoffs were described to The Times in harrowing terms by two employees who asked to remain anonymous.
In December — soon after the museum announced its opening date — news broke that chief curator Pilar Tompkins Rivas had stepped down from her role.
To date, no new chief curator has been named, but a rep for the museum wrote in an email that Lucas “is responsible for curatorial and content direction for the museum and continues to work closely with the curatorial team on his decades-long vision to celebrate storytelling and narrative art.”
Maj. Gen. George S. Patton, a career Army officer who served in the Korean and Vietnam wars and was the son of the legendary World War II general of the same name, has died. He was 80.
Patton suffered from a form of Parkinson’s disease and died Sunday in Hamilton, Mass., said his wife, Joanne.
In a four-decade military career, Patton twice earned the Distinguished Service Cross, the nation’s second-highest medal for bravery in combat. He also earned a Purple Heart for wounds received during one of his three tours of duty in Vietnam.
Born George Smith Patton IV in Boston, he legally changed his name by dropping the Roman numeral. Patton graduated from West Point and later earned a master’s degree in international affairs at George Washington University.
His father, also a West Point graduate, led U.S. troops in North Africa and Europe during World War II.
Father and son both commanded the Army’s 2nd Armored Division, the younger taking command at Ft. Hood, Texas, in 1975. The senior Patton commanded the 2nd Armored in North Africa during World War II. He was fatally injured in a traffic accident in Europe in 1945.
The younger Patton retired in 1980 and lived in Hamilton, northeast of Boston, where he established a farm that sold blueberries, strawberries and other produce. He named the fields after soldiers who died under his command in Vietnam.
“Although he was very proud of his father, he was also very, very sensitive to comparisons and always asked that any reference to his lineage be dropped from any reports written about him,” said his son, Robert, of Darien, Conn.
But as his father did, Patton once said he believed in reincarnation.
During a training mission in Germany, he found himself at a spot where a Napoleonic battle had been fought. He was overcome with a feeling, like the ones experienced by his father during World War II, that he had once been in combat there.
Besides his wife and son Robert, he is survived by two other sons; two daughters; six grandchildren; and a great-grandson. He will be buried at Arlington National Cemetery.
The domestic season will end with the Super League Grand Final on Saturday, 3 October, with England’s first match of the World Cup against Tonga in Perth, Australia scheduled for 17 October.
Williams has been captain of England since 2023.
Brian McDermott, speaking on Thursday after his appointment as England head coach, had said he “did not have any intentions” to change captains prior to the World Cup.
Speaking before kick-off, Warrington head coach Sam Burgess said: “George will probably go for surgery at some point in the next week or two.
“It’s unfortunate for George and the club. There are a number of ways to look at it so we’ve decided to take the positive route. Given the nature of where the injury is, we’re happy that we’ve got hold of it.
“Hopefully he can make a great recovery and we’ll see him back [in action] – if it’s not this year, then hopefully next year.”
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The U.S. Navy has disclosed the test of an AeroVironment LOCUST laser counter-drone system, which has been in the news recently, aboard the Nimitz class aircraft carrier USS George H.W. Bush. As far as TWZ is aware, this looks to be the first time a laser weapon has been fitted to a carrier. Earlier this year, Chief of Naval Operations Adm. Daryl Caudle, the Navy’s top officer, said his goal was for directed energy weapons to eventually be the go-to choice for the crews of American warships when facing close-in threats.
The Navy has shared three pictures of the LOCUST system onboard USS George H.W. Bush, seen at the top of this story and below. They were all taken on October 5, 2025, but released today. This coincides with the start of the Navy League’s annual Sea-Air-Space exposition, at which TWZ is in attendance.
The captions to each of the images include the following: “During the live-fire event, [the] LOCUST LWS [laser weapon system] effectively detected, tracked, engaged, and neutralized multiple unmanned aerial vehicles marking a milestone toward fielding operational directed energy capabilities.”
TWZ has reached out to the Navy for more information.
“The successful demonstration of its palletized LOCUST Laser Weapon System (LWS) aboard the USS George H.W. Bush (CVN-77) in October 2025″ was conducted “in collaboration with the U.S. Navy and the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO),” according to a press release from AeroVironment.
“During the live-fire event, the Palletized High Energy Laser (P-HEL) system tracked, engaged, and neutralized multiple target drones – marking a major milestone toward fielding operational directed energy capabilities across all domains and platforms,” the release adds. “This achievement validates that the LOCUST LWS is truly platform-agnostic, seamlessly transitioning from fixed-site and land-based mobile platforms, such as the Joint Light Tactical Vehicle (JLTV) and Infantry Squad Vehicle (ISV), to the dynamic and demanding environment of a maneuvering aircraft carrier.”
The central element of LOCUST is a laser directed energy weapon in a turret, which also includes built-in electro-optical and infrared video cameras for target acquisition and tracking. Tertiary sensors, including small-form-factor high-frequency radars and passive radio frequency signal detection systems, can also be used to cue the laser. The JLTV and ISV-based configurations mentioned in AeroVironment’s release both feature small radars.
LOCUST’s power rating is generally understood to be in the 20-kilowatt range at present. When it comes to laser directed energy weapons, this is at the lower end of the power spectrum, fully in line with a system intended to defeat smaller drones. LOCUST has also been demonstrated with a 26-kilowatt power rating, but how much more it could be scaled within the existing form factor is unclear.
As of December 2025, the U.S. Army was known to have taken delivery of palletized LOCUST systems, as well as ones mounted on JLTVs and ISVs. The Army has at least deployed the palletized versions overseas operationally in the past. One of the service’s LOCUST systems was also at the center of a widely criticized and controversial shutdown of airspace around El Paso, Texas, in February of this year, as you can read more about here. The system had been on loan to U.S. Customs and Border Protection (CBP) at the time. Earlier this month, the Pentagon signed an agreement with the Federal Aviation Administration (FAA) regarding the continued use of anti-drone laser systems along the southern border with Mexico.
The U.S. Marine Corps has also moved to acquire JLTV-based LOCUST systems in the past. In addition to appearing to be the first instance of a laser-directed energy weapon going aboard a carrier, last year’s test aboard USS George H.W. Bush also looks to be the first known instance of the Navy even evaluating LOCUST for use on ships or in any other context.
Navy interest in using LOCUST to defend ships, especially very high-value ones like aircraft carriers, is not surprising. For years now, the service has been very active in pursuing shipboard laser and microwave directed energy weapons with a particular eye toward providing additional layers of counter-drone defense.
Experience gained in recent years from operations in and around the Red Sea, as well as against Iran, has only underscored the critical importance of bolstering the ability of U.S. warships to protect themselves against uncrewed aerial threats. The Navy has also been adding counter-drone systems that use physical interceptors as their effectors to a growing number of ships to help address this reality.
In general, lasers like LOCUST offer the promise of functionally unlimited magazine depth, which could be exceptionally valuable in the counter-drone role when faced with large volumes of incoming threats. The dangers that uncrewed aerial systems pose are only set to increase as artificial intelligence and machine learning-driven capabilities, including automated targeting and fully networked swarming, continue to improve while the barrier to entry steadily drops.
Palletized and containerized systems like the P-HEL version of LOCUST can also be employed with more flexibility on a wide variety of ships, as long as sufficient deck space and available power. The test aboard USS George H.W. Bush involved simply lashing the system to the flight deck. This also means the systems can be installed and/or removed more readily depending on mission requirements. The Navy also has a demand for counter-drone capability on land to protect key facilities and assets abroad and at home, where LOCUST would also be relevant.
LOCUST Laser Weapon System
At the same time, especially when it comes to employing lasers on ships, there are also potential pitfalls. As TWZ has previously written:
“A single laser can only engage one target at once. As the beam gets further away from the source, its power also drops, just as a result of it having to propagate through the atmosphere. This can be further compounded by the weather and other environmental factors like smoke and dust. More power is then needed to produce suitable effects at appreciable distances. Adaptive optics are used to help overcome atmospheric distortion to a degree. Altogether, laser directed energy weapons generally remain relatively short-range systems.”
“In addition, laser directed energy weapons, especially sensitive optics, present inherent reliability challenges for use in real-world military operations. Shipboard use adds rough sea states and saltwater exposure to the equation. There is also the matter of needing to keep everything properly cooled, which creates additional power generation and other demands.”
Over the years, the Navy has faced continued and significant hurdles in attempting to field operational laser weapon systems more broadly across its fleets. U.S. military officials have often sought to temper expectations, while also being open about their frustrations with the lack of greater progress, in recent years.
Still, the Navy, in particular, has persisted in its pursuit of these capabilities, given the benefits mentioned earlier. Lasers are set to be a particularly important component of the full arsenal aboard the future Trump class “battleships.”
“My thesis research at [the] Naval Post Graduate School was on directed energy and nuclear weapons,” Adm. Caudle told TWZ and other outlets at a roundtable back in January. “This is my goal, if it’s in line of sight of a ship, that the first solution that we’re using is directed energy.”
In particular, “point defense needs to shift to directed energy,” the admiral added, emphasizing that “it has an infinite magazine.”
“What that does for me is it improves my loadout optimization, so that my loadout, my payload volume is optimized for offensive weapons,” Caudle added at the time. Furthermore, “as you increase power, the actual ability to actually engage and keep power on target, and the effectiveness of a laser just goes up.”
Laser directed energy weapons with higher power ratings could potentially defend ships against other threats, including certain types of incoming missiles.
Whether or not the Navy decides to acquire and field LOCUST operationally on its ships, the service’s general demand for more counter-drone capabilities across the board does not look set to decrease any time soon.
Contact the author: joe@twz.com
