million

Report: Largest ICE facility wasted millions and put detainees at risk

Mismanagement at a massive Immigration and Customs Enforcement facility in Texas created unsafe conditions that contributed to detainee deaths and suffering even as millions of wasted tax dollars enriched contractors, according to a federal report released Tuesday.

The Government Accountability Office report documents serious problems at Camp East Montana, a sprawling tent facility at Ft. Bliss in El Paso where three detainees have died in a little more than six months. Evidence in one of those deaths, of a 55-year-old Cuban migrant who died in January after being held down by guards, was “missing or destroyed,” the report found.

ICE rushed to open the camp in August before construction was complete and failed to conduct required oversight to ensure detainees were held in sanitary conditions and receiving adequate medical care, according to the report.

The Department of Homeland Security noted that ICE has replaced the contractor running the facility. “This new contractor will allow Camp East Montana to continue abiding by the highest detention standards with the ability to provide more medical care on-site,” said Homeland Security spokesperson Lauren Bis.

The GAO’s findings echo past reporting by the Associated Press and other news outlets about dangerous conditions at Camp East Montana, which quickly became the nation’s largest immigration detention facility.

But the government report also details previously undisclosed incidents, including a detainee escape in October due to what ICE called the contractor’s oversight failure. In January, a security guard lost a loaded firearm inside the facility that was never recovered.

The contractor failed to administer skin tests to screen detainees for tuberculosis, relying on a questionnaire instead, the report said. The inadequate screening allowed a detainee with tuberculosis to be housed with the general population, which later suffered an outbreak.

GAO is an independent, nonpartisan agency in Congress that investigates how federal funds are spent and evaluates whether programs and policies are operating effectively. The office opened its review into Camp East Montana at the request of Democrats in the House and Senate.

Sen. Dick Durbin of Illinois called the report’s findings “damning.”

“We now know even more details of how dangerous and irresponsible the Trump administration’s mass deportation campaign truly is,” said Durbin, the ranking Democrat on the Senate Judiciary Committee, adding that “those detained are experiencing conditions that shock the conscience.”

A rush to build led to an inexperienced contractor

Facing pressure to increase its detention capacity, the Trump administration routed the contract to build Camp East Montana through the Army to speed construction after ICE twice failed to successfully award one. That resulted in the selection of a small, little-known contractor, Acquisition Logistics, for the $1.3-billion deal despite it having no prior experience operating detention facilities and facing what ICE called a “significant learning curve.”

The Army — and later ICE after the camp was transferred to the agency — wasted millions of dollars paying for services it did not need because the contract did not account for fluctuations in the detainee population, the report said.

The Army blew as much as $11.5 million paying for guards, medical services, transportation and meals in the weeks before the camp held detainees. Millions more were wasted because the government was contracted to pay the cost of meals for the camp’s maximum population of 5,000, even when the number of detainees there dropped to around 1,600, the report said.

Facility didn’t initially meet detention standards

The facility did not meet ICE detention standards or the contract’s requirements in several ways when it opened, in part because it had not been inspected as required by ICE policy, the report said. The camp lacked security cameras on the perimeter and had other surveillance blind spots that raised the risk of sexual assaults or escapes.

The camp could not accommodate detainees using wheelchairs and had no showers compliant with the Americans With Disabilities Act, resulting in the disabled being held in medical care rooms.

The recreation area wasn’t available for several days, and after one yard was opened, it wasn’t enough space to provide required time for detainees. The law library, space to meet with attorneys and a visitation area did not open for weeks, resulting in detainees being deprived of legal resources and contact with family and friends, the report found.

The problems persisted as ICE began transporting more detainees there from across the country, the GAO found. While built to house up to 5,000 immigrants for short-term stays, its population has averaged about half of that from October until April, according to ICE’s most recent data.

Missing evidence and other problems

Detainees held at the facility didn’t receive comprehensive health assessments, which meant that those with chronic conditions received substandard care, the report said.

The contractor cleaned the dormitories weekly rather than daily as required, resulting in unsanitary conditions. Some guards offered detainees cookies if they would clean their own rooms. Acquisition Logistics didn’t reply to messages seeking comment.

The GAO report says investigations into the January death of Geraldo Lunas Campos were undermined after “evidence associated with the incident was missing or destroyed.” It did not elaborate. Campos died after he was restrained by guards and an outside autopsy report ruled the death a homicide due to asphyxia. The contractor at the facility did not provide use-of-force and death reports to ICE as required, according to the new report.

An investigation by ICE’s Office of Professional Responsibility into the death is on hold pending a criminal investigation by the FBI.

On Jan. 14, Nicaraguan detainee Victor Manuel Diaz, 36, died of suicide after staff put him in a medical holding room instead of suicide-resistant cell and left him unattended for intervals longer than 15 minutes, the report said. Staff could not see into the room because the contractor had failed to install vision panels that had been requested months earlier, it found.

“These are huge discrepancies in their failure to prevent suicides,” said Diaz family attorney Randall Kallinen, noting that the report strengthens a potential wrongful death claim he’s considering. “They are part of an entire laundry list of problems at Camp East Montana.”

Biesecker and Foley write for the Associated Press. Foley reported from Iowa City, Iowa.

Source link

Rifles, ₦50 Million Demanded for Release of 39 Abducted During Peace Meeting in Zamfara

Residents were thrown into despair after a terrorist leader, Jammo Smally, abducted 39 community leaders who had gone to discuss a peace deal with him. The dramatic incident occurred on Sunday, June 7, in the Maradun Local Government Area (LGA) of Zamfara State, North West Nigeria.

Jammo had been sending messages to the leaders in the Magamin Diddi community for over two months, calling for a meeting to discuss the terms of the peace deal as the rainy season approached. The terrorist leader, whose parents live in a hamlet not far from Magamin Diddi, had claimed he was tired of the hostility between his terror group and the community.

Following another invitation a few days after the Islamic Eid al-Kabir celebrations, the traditional and religious leaders decided to meet Jammo and his gang members in the forest. The two parties agreed to meet on Sunday to reach what the community leaders thought would be a peaceful solution to the recurrent attacks on their farms and homes.

“The first thing he asked when we reached there was the whereabouts of the three rifles the Askarawa took away from his boys two months ago,” Malam Aliyu, one of those who went to strike the deal, told HumAngle over the phone on  Monday. He had joined 46 other community leaders to strike the deal. “We were confused at first, because we were told that we would be discussing only a peace deal. We thought that he would ask us to give him money, but the first thing he asked was for his rifles.” 

“Askawara” is a local term for security volunteers of the state-backed Community Protection Guards (CPG) in Zamfara State. Local sources told HumAngle that towards the end of March, terrorists from the Jammo group had a gunfight with the CPG fighters and other vigilante group members, leading to the killing of two terrorists. Three rifles belonging to the terrorists were taken away by the CPG fighters. 

“We didn’t take his guns, but it’s obvious he has made up his mind,” Aliyu said. The terrorist leader released seven community leaders, instructing them to report back to the district head with his demands. He has one condition for the release of the 39 elders: either the rifles are returned, or an equivalent amount of money must be paid to him.

The terrorist leader also set ₦50 million for the peace deal. “He said if we’re still interested in negotiating with him, we should add ₦50 million to the rifles we’re returning. The money is for us to be able to live in peace, go to local markets, and go to our farms,” the community leader said.

Negotiations between terrorists and local communities aiming to establish peace are not uncommon in the ongoing crisis plaguing the northwestern region for over a decade. Typically, these discussions involve communities paying substantial sums to the terrorists under the guise of a peace agreement. However, such negotiations often yield little result, as terrorist attacks continue unabated even after agreements are reached, as seen in various regions of the state.

The Zamfara State government has consistently maintained its stance against negotiating with terrorists. Yazid Abubakar, the Zamfara State Police spokesperson, stated that they have initiated a rescue operation to free the captured individuals. 

“Upon receipt of the report, the Zamfara State Police Command immediately initiated efforts to trace the victims’ whereabouts and secure their safe rescue. Operational assets have been deployed, and security operatives are working on available intelligence to locate the abducted persons,” Yazid Abubakar said in a statement on Monday.

Residents of Magamin Diddi, Zamfara State, Nigeria, have been thrust into turmoil after the abduction of 39 community leaders by terrorist Jammo Smally.

These leaders were negotiating a peace deal with Smally, who had been reaching out for over two months, desiring an end to hostilities.

However, during the meeting, Smally demanded the return of rifles taken by local security volunteers or payment in cash, along with an additional ₦50 million for peace.

This incident is emblematic of a broader crisis in northwestern Nigeria, where communities often pay terrorists under the guise of peace deals, yet attacks continue unabated. The Zamfara State government, adhering to a policy of non-negotiation with terrorists, has initiated a rescue operation for the abducted leaders, deploying operational assets based on available intelligence to ensure their safe return.

Source link

New weekend Netflix recommendations including sci-fi hit with 15 million views

Netflix have updated their viewing figures and it makes for a compelling list of what you should binge next

The Boroughs official Netflix trailer

If you’re looking for the next binge watch to see you through the weekend, Netflix already has you covered.

The streamer has updated its latest viewing figures and it pretty much reads as the new list of recommendations you need. So rather than scrolling through for hours on end, you can make your way through at least one of these titles and it will most likely only take you one sitting.

Not only that but there is something for everyone, including a sci-fi hit, a tense crime thriller and also a heart warming laugh out loud comedy.

The Boroughs

Website Collider call the series a ‘sci-fi masterpiece’ and compare it to a Steven Spielberg movie. They also report that the title managed to accumulate 15 million views in its first 10 days of being available.

It is the most watched Netflix series globally over the last couple of weeks and remains in the UK top 10 at the time of writing. It is set in the sun-drenched expanse of the New Mexico desert and a picturesque retirement community which promises its residents the time of their lives.

But for new arrival Sam Cooper, paradise feels more like a prison. Everything changes when a terrifying night time encounter reveals that something monstrous is stalking the manicured cul-de-sacs.

One review said it is “Stranger Things Meets Thursday Murder Club”. Meanwhile many viewers say they watch it in one sitting. A fan added it “has everything that your next binge-watch needs.”

Nemesis

Coming from the creator of Power, the eight-part series follows two rivals from opposite sides of the law who are at each other’s throats when a daring heist in Los Angeles opens up old wounds. What follows is an exhilarating game of cat-and-mouse as an LAPD cop desperately tries to hunt down a criminal mastermind behind a string of robberies.

One viewer claimed: “Kept me engaged and not sure whose side I was on. Binge watched twice. I need season 2.” Another said: ““Binged in one sitting- very authentic catchy story line. I hope there is a season two.”

While someone else contributed: “This was a masterpiece! The rollercoaster, amount of cliffhangers, and overall writing was top notch!” It has spent three weeks in the global top 10 charts also claiming more than 15 million views on the streamer.

The Four Seasons

One of the more recent additions, the series has just returned for its second season. Co-created by 30 Rock’s Tina Fey and based on the 1980s movie of the same name.

A group of married couples who regularly vacation together throughout the year reunite once again after one of the most difficult times in their relationships. They have new members of the group to contend with as well as some old problems.

It has immediately become the third most watched series across the world among Netflix users. Many fans admit to becoming ‘obsessed’ with it.

One person simply shared on social media: “The Four Seasons” is a must-watch series on Netflix.” Someone else added: “I binged it the day it came out with my man. We’re obsessed!” Another admitted: “I literally started it last night and I’m already on season two. I love it.”

The Witness

This is Netflix’s latest true crime thriller. While the platform have yet to release the official viewing figures, it has immediately surged to the number one spot among UK subscribers.

As a result, it’s expected to compete with the numbers of all the titles already mentioned. Consisting of only three episodes and based on a gripping but horrifying true story, it is bound to keep viewers captivated and watching all the way through in one go.

It follows the experiences of Alex and André Hanscombe as they deal with the devastating impact of a brutal act of violence. When Rachel Nickell was killed on Wimbledon Common in 1992, André became a single parent overnight. Putting his own grief to one side, he made his son Alex – the only eyewitness to the attack – the centre of his world.

This is the story of how a father and son moved through the aftermath of unimaginable tragedy, from darkness into light. Fans sharing their thoughts on the series include one who posted: “15 mins into The Witness on Netflix and I’m already broken.” Someone else said: “The Witness on Netflix will give you the chills.”

Source link

Judge orders pretrial detention for ex-CIA official accused of stashing $40 million in gold bars at home

A former senior CIA official accused of stashing more than $40 million worth of gold bars from the federal government at his Virginia home was ordered to remain jailed until his trial after a hearing Friday where a defense attorney accused prosecutors of smearing the official with “sensational,” irrelevant allegations.

The defendant, David J. Rush, has both the means and motive to flee while the case against him is pending, U.S. Magistrate Judge William Fitzpatrick ruled, citing Rush’s professional experience.

“He’s in a different position than most people to flee and avoid detection by law enforcement,” Fitzpatrick said.

Rush is charged with fraudulently claiming tens of thousands of dollars in compensation for military leave after he was honorably discharged from the U.S. Navy in 2015. He was arrested last month after investigators searched his home and seized more than 300 gold bars, roughly $2 million in U.S. currency and about 35 luxury watches, according to an FBI agent’s affidavit.

Rush’s attorney, Jessica Carmichael, noted that Rush isn’t charged with any crimes related to the discovery of the gold bars, which she referred to as “basically a non-issue” and “nothing more than a sensational tidbit.” She said Rush properly obtained the gold bars and kept them locked in a safe in his basement.

“Mr. Rush never claimed they were his,” she said.

Between last November and March, Rush requested and received a “significant quantity” of foreign currency and tens of millions of dollars in gold bars for “work-related expenses,” according to the FBI affidavit. Justice Department prosecutor Gavin Tisdale said Rush wasn’t supposed to have the gold bars at his home.

“That’s the issue — his skirting of rules and regulations,” he said.

Tisdale briefly summarized the case against Rush in open court after a portion of the hearing was sealed from the public. The evidence against Rush “grows stronger by the day,” Tisdale told the magistrate judge.

“Mr. Rush simply cannot be trusted to abide by this court’s conditions,” he said.

Rush enlisted in the Navy in 1997 and was honorably discharged from the U.S. Navy Reserves as a lieutenant in 2015, according to the affidavit.

Authorities claim Rush lied about his education and military background on job applications, falsely claiming to be a former Navy pilot who graduated with a bachelor’s degree from Clemson University in South Carolina and a master’s degree from Rensselaer Polytechnic Institute in New York.

Investigators determined that he didn’t serve as a Navy pilot and didn’t attend either school.

Kunzelman writes for the Associated Press.

Source link

South Korean food conglomerate, Harim affiliate deals top $938 million

Harim Group’s internal affiliate transactions reached high levels in 2025, with Charm Trading recording about $211.6 million in internal transactions and some unlisted affiliates depending on group transactions for more than 80% of sales. Data from Financial Supervisory Service. Graphic by Asia Today and translated by UPI

June 3 (Asia Today) — Harim Group’s domestic transactions among affiliates exceeded 1.4 trillion won, or about $914 million, last year, raising concerns that some unlisted units remain heavily dependent on business from within the group.

An analysis of Financial Supervisory Service filings and affiliate transaction data showed Harim Group’s domestic internal transactions totaled 1.44 trillion won, or about $938 million, in 2025.

That accounted for about 11.5% of the group’s total revenue of 12.41 trillion won, or about $8.11 billion.

Harim Group has a vertically integrated business structure spanning feed production, livestock, food processing, distribution and logistics. The structure has drawn attention because several unlisted affiliates reported high levels of sales from transactions with other group companies.

Sunjin Hanmaeul, an agricultural company involved in pig farming, generated 229.2 billion won, or about $150 million, of its 256.6 billion won, or about $168 million, in total revenue last year through transactions with affiliates including Harim Holdings and Sunjin. That means 89.3% of its sales came from internal group transactions. Sunjin Hanmaeul is a sub-subsidiary of Harim Holdings.

Korea Thumb Vet, an animal pharmaceutical affiliate, also generated 94.8 billion won, or about $62 million, of its 130.1 billion won, or about $85 million, in total revenue from affiliate transactions. The company is also a sub-subsidiary of Harim Holdings.

Charm Trading, a Harim Holdings subsidiary responsible for grain procurement and trading, posted 323.9 billion won, or about $212 million, in internal transactions out of 534.5 billion won, or about $349 million, in total revenue last year. That was the largest amount among the group’s affiliate transactions.

Sunjin, a core affiliate in the feed and processed meat businesses, recorded 118.138 billion won, or about $77 million, in sales through affiliate transactions. Sunjin also owns an 89.4% stake in Sunjin Hanmaeul, whose internal transaction dependence reached 89.3%.

Other unlisted affiliates also showed high dependence on internal transactions. Sunjin Ham, a processed meat manufacturer, posted an internal transaction ratio of 99.9%. Farmsco Bio Inti, a livestock production affiliate, recorded 85.8%, while ship management company POS SM reported 85.4% and manufacturing and services affiliate Donglim posted 80.2%.

Harim Group was sanctioned by the Fair Trade Commission in 2021 over allegations that affiliates steered business to Orpum, a private company wholly owned by Kim Jun-young, the eldest son of Harim Chairman Kim Hong-kuk and an assistant managing director at Pan Ocean.

At the time, the commission said affiliate support provided unfair economic benefits to the owner family and imposed corrective orders and fines. Harim challenged the decision and the case is currently in administrative litigation.

The continued transaction structure involving major affiliates such as Charm Trading, Sunjin Hanmaeul and Korea Thumb Vet has drawn attention because it appears to have changed little since the commission’s sanctions.

Harim Group’s succession structure is widely seen as centered on Kim Jun-young. Through Orpum and Korea Investment, Kim has secured influence within the ownership structure of Harim Holdings, and key affiliates are also included under that structure.

Some level of internal transactions may be inevitable in a vertically integrated industry. But critics say it is a separate issue when some unlisted affiliates continue to depend on internal group transactions for 60% to nearly 100% of their revenue, especially as regulators strengthen oversight of tunneling and unfair support involving owner families.

The Fair Trade Commission says it does not determine illegality based only on the share of internal transactions.

“Internal transactions become a problem when illegal conduct such as unfair business steering or private benefit-taking is involved,” a commission official said. “If unfair support or private benefit-taking is found, the transaction can be subject to sanctions under relevant laws.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260604010001065

Source link

South Korean banks face $716 million in long-overdue loans

South Korea’s five major banks saw long-term delinquent loans rise to about $716.7 million in 2026, while loans overdue for one month to less than one year remained elevated at about $3.84 billion. Data from Korea Federation of Banks and Korea Federation of Bank Research. Graphic by Asia Today and translated by UPI

June 3 (Asia Today) — South Korea’s major commercial banks are facing growing pressure from a sharp rise in long-overdue loans, with the amount of loans unpaid for more than one year exceeding 1 trillion won, or about $716 million, in the first quarter.

Loans overdue for less than one year, which could later worsen into long-term delinquencies, also approached 6 trillion won, or about $3.84 billion. The increase suggests that borrower distress is deepening, especially among corporate borrowers, despite banks’ efforts to dispose of nonperforming loans.

The sequential expiration of COVID-19 loan maturity extensions also appears to be adding pressure on delinquent borrowers.

Banks, which have continued to post strong earnings, are concerned that rising long-term delinquencies could increase loan-loss provision burdens. The longer a loan remains overdue and the lower its chance of recovery becomes, the more banks must set aside in provisions.

If the Bank of Korea raises its base rate in the second half, borrowers’ repayment burdens could grow further, increasing the risk of additional long-term delinquencies. Analysts say asset quality management could become a key factor determining banks’ earnings performance.

According to financial industry data released Wednesday, the combined balance of loans overdue for at least one year at KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH NongHyup Bank reached 1.0972 trillion won, or about $716 million, in the first quarter.

That was up 49.3% from 734.9 billion won, or about $480 million, a year earlier. Compared with 261 billion won, or about $170 million, in 2024, the figure has more than quadrupled. It was also more than double the 508 billion won, or about $332 million, recorded in 2022 during the COVID-19 pandemic.

The increase appeared across all five banks. By bank, NH NongHyup had the largest balance of long-term overdue loans at 474.8 billion won, or about $310 million, followed by KB Kookmin at 166.9 billion won, or about $109 million, Hana at 155.2 billion won, or about $101 million, Shinhan at 151.5 billion won, or about $99 million, and Woori at 148.8 billion won, or about $97 million.

Loans overdue for at least one month but less than one year totaled 5.8851 trillion won, or about $3.84 billion, approaching the 6 trillion won mark. The figure was slightly lower than 6.1002 trillion won, or about $3.98 billion, a year earlier, but remained high by historical standards.

By category, loans overdue for at least one month but less than three months rose from a year earlier to 2.8225 trillion won, or about $1.84 billion. Loans overdue for at least six months but less than one year, which are considered more likely to become long-term delinquencies, reached 1.1111 trillion won, or about $726 million. Both were record highs since the banks began disclosing the relevant data.

The surge in long-term delinquencies is widely attributed to a sharp increase in new overdue loans in 2024 and 2025. Higher interest rates and weak domestic demand weakened borrowers’ repayment capacity, with some distressed borrowers slipping into long-term delinquency.

The increase appears particularly concentrated among corporate borrowers, whose loans are relatively large and harder to recover. At the end of March, the banking sector’s corporate loan delinquency rate stood at 0.68%, up 0.06 percentage point from 0.62% a year earlier.

“Distress pressure has continued for a long period in sectors such as construction and real estate leasing because of the weak housing market,” an official at a commercial bank said.

A renewed period of rate increases could add to the problem. The Bank of Korea left open the possibility of at least one base rate increase in the second half during last month’s monetary policy meeting, raising concerns that banks could face greater asset quality pressure.

Higher base rates can push up market rates, including bank bond yields, increasing borrowers’ interest burdens. That could deepen distress among loans already in arrears and increase new delinquencies, potentially expanding the volume of long-term overdue loans later.

That would likely translate into higher loan-loss provisions for banks. Banks classify loans into five asset-quality categories: normal, precautionary, substandard, doubtful and estimated loss.

When a loan is classified as substandard, banks must set aside provisions equal to 20% of the loan amount. As the overdue period grows longer and repayment capacity worsens, the required provision ratio rises. Doubtful loans, which are overdue for more than three months and have low recovery prospects, require 50% provisioning. Loans classified as estimated losses after more than one year overdue require 100% provisioning.

That means if a doubtful loan deteriorates into an estimated loss, the provisioning burden doubles.

A rise in provision expenses would directly weigh on bank earnings. In 2022, the five major banks set aside 3.5422 trillion won, or about $2.31 billion, in annual loan-loss provisions, while their combined net profit rose 18.6% from a year earlier to 13.7472 trillion won, or about $8.98 billion.

But in 2023, when banks set aside more than 6 trillion won, or about $3.92 billion, in provisions because of real estate project financing distress and other factors, their net profit growth slowed to 2.6%.

Provision expenses fell sharply the following year, but as delinquencies continue to rise, the possibility of renewed growth in provisions has increased. Analysts say careful risk management has become more important.

“As the delinquency period lengthens, the sale price of nonperforming loans tends to fall, so if long-term delinquencies increase, banks disposing of bad loans will also face greater loss burdens,” a financial industry official said.

“The key will be whether banks can prevent new distress from expanding while effectively clearing existing bad loans,” the official said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260604010001073

Source link

Live Election 2026 primary results, updates: who won Los Angeles mayor, city council, LAUSD

Elections in the city of Los Angeles include mayor, City Council, three ballot measures and Los Angeles Unified School District board seats and, if you live in the city, you’ve maybe seen an ad about them.

The high-profile competition between incumbent Mayor Karen Bass, City Councilmember Nithya Raman and conservative reality star Spencer Pratt has been tumultuous. And that is to say nothing of Rae Huang, Adam Miller and the nine others contenders.

With leaked files, millions in campaign fundraising donated by a candidate’s mother, and a multi-campaign effort by L.A.’s chapter of Democratic Socialists of America, the race for mayor isn’t the only one making headlines this primary.

A candidate can win by getting a majority of the vote. If no one receives 50% + 1 vote, the top two advance to the November election.

Mayor

The Associated Press, which surveys the numbers posted by local election officials and projects the winner using vote returns and other data, will call a winner (or a runoff) for L.A. mayor.

City Council

Back to top

Officers

Back to top

Ballot measures

Back to top

Los Angeles Unified School District

Back to top

Source link

California’s wildfire prevention funding at risk of drying up

With California facing increasingly destructive wildfires, experts and officials have long urged the strategic removal of dense, flammable vegetation that can erupt into particularly destructive flames from a lightning bolt or the spark of a power line.

But after years of record investment by the state in such wildfire risk mitigation, two key money sources are drying up, potentially reducing the state’s annual budget for vegetation removal by hundreds of millions of dollars.

Wildfire resiliency advocates are warning that the loss of these funds will leave the state vulnerable to devastation, and are calling on California’s next governor to take that threat seriously.

Currently, California relies heavily on two funding sources for wildfire mitigation work: A state program that charges polluters for their emissions and a climate bond approved by voters in 2024.

Late Friday, however, state officials adopted a new structure for the emissions program, called cap-and-invest, that analysts say will likely reduce wildfire mitigation funding by $200 million per year. At the same time, the governor’s latest budget proposal puts the state on track to allocate the majority of the climate bond’s $1.5 billion in wildfire prevention money within just three years.

As a result, California could go from routinely pulling more than $600 million a year from these sources, to just $150 million, according to an estimate from the Wildfire Solutions Coalition — a group of more than 80 organizations representing conservationists, business owners, fire officials and tribal leaders.

The coalition is urging the state to find new sources of funding for the work.

“We have the scientists, we have the technicians, we have the advocates,” said Michelle Decker, who is on the coalition’s executive committee and serves as president and CEO of the Inland Empire Community Foundation. “We see this problem. We can get ahead of this problem. It is a revenue issue.”

California wildfires have become increasingly costly. The 2025 L.A. fires alone caused an estimated $250 billion in damage and economic loss. Insurance companies have already paid out $22.4 billion.

In attempt to reduce the risk of damage to communities and ecosystems, the state has employed a wide range of tactics. These includes fortifying homes against wildfires, replanting fire-ravaged forests and thinning out vegetation with prescribed burns, goat grazing and manual thinning with heavy machinery to reduce the intensity of potential fires.

Research suggests wildfire mitigation work pays off. A recent analysis of 285 fires in the western U.S. found that every dollar spent on landscape projects saved about $3.75 in wildfire damage.

But as funding from cap-and-invest and the climate bond dwindle, the state must increasingly turn to Cal Fire, which devotes only a small portion of its budget to mitigation work.

“This is not an issue that can be pushed off to a timeline based solely on politics,” said Steve Frisch, a founding member of the coalition and president of the Sierra Business Council. “Fire happens whether we want it to or not.”

After a series of destructive wildfires in Northern California and the 2017 Thomas fire in Southern California, the state legislature began to explicitly focus on funding wildfire mitigation.

In 2018, lawmakers directed $200 million per year of cap-and-invest funds to wildfire mitigation projects.

As the Woolsey fire in Southern California and the Camp fire in Paradise raged later that fall, Trump accused the state of “gross mismanagement” of forest lands and threatened to cut off federal funds unless it was corrected.

Gov. Gavin Newsom and the legislature, with a significant budget surplus, began earmarking even more funds, leading to a peak of $1.1 billion in wildfire mitigation investments during the 2021-2022 fiscal year.

After the surplus dwindled, the legislature opted in 2024 to put a $10-billion climate bond in front of voters — $1.5 billion of which was dedicated specifically for wildfire mitigation work.

Newsom has since pointed to this high state funding to call on the federal government to step up its own investments into forest management work.

The federal government manages 57% of all forests in the state. While the U.S. Forest Service spent $3.1 billion mitigating wildfire conditions in the state over the last few years, California spent $4.3 billion, according to the California Forest Resilience and Wildfire Task Force.

However, the state has already allocated about $600 million of the climate bond’s wildfire mitigation pot for the 2024-2025 and current fiscal years. The latest budget proposal would allocate more than $300 million for this upcoming fiscal year. While many advocates support allocating the money quickly, it leaves little for future years.

Once that money is spent, California has to pay off the $10 billion bond with interest. The result is an estimated price tag of $16 billion, paid in roughly $400 million increments every year, for 40 years, according to the state’s Legislative Analyst’s Office.

As for the cap-and-invest funds, a fraught months-long debate at the California Air Resources Board on how to extend the program beyond 2030 resulted in a compromise that will cut the revenue it generates in half, the Legislative Analyst’s Office estimates.

Since other projects get priority — including $1 billion every year for California’s high-speed rail project — the new proposal would “likely leave no funding” for the wildfire and forest resilience line item, the Legislative Analyst’s Office found.

Cal Fire still holds a modest annual budget for wildfire mitigation work. In the 2024-2025 fiscal year, the agency had $500 million for forest management and fire prevention that was not directly tied to cap-and-invest or the bond — up from about $65 million two decades prior.

As for the federal government, independent analyses by Grassroots Wildland Firefighters and NPR found that Forest Service wildfire mitigation work is on the decline amid federal staffing cuts. The Forest Service claims the decrease in work was primarily due to poor weather conditions for activities like prescribed burns and staff being occupied with firefighting.

Both the state and federal government’s investments pale in comparison to the spending of California’s investor-owned utilities. In 2025 alone, the utilities planned to spend more than $9.2 billion on preventing their equipment from sparking the next devastating wildfire, primarily funded by Californians’ electricity bills.

Record heat. Raging fires. What are the solutions?

Get Boiling Point, our newsletter about climate change, the environment and building a more sustainable California.

Times staff writer Hayley Smith contributed to this report.

Source link

Victor Wembanyama rookie card sells for a record $5.11 million

Victor Wembanyama is making news these days as a third-year player who has led the San Antonio Spurs to a 2-2 series tie with the defending NBA champion Oklahoma City Thunder in the Western Conference finals.

A sports card from the 7-foot-4 French star’s rookie season has also made headlines. Wembanyama’s 2023-24 Panini Prizm one-of-one Black parallel card recently sold for $5.11 million in a private deal brokered by Fanatics Collect.

It’s the highest known price paid for a non-autographed NBA card and the fourth-highest for any NBA card, according to price guide website Card Ladder. The buyer told the Athletic that he believes it will remain the best card for a player whose superstar potential is practically unlimited.

“There’s a sort of obvious ceiling for him, just as an athlete, that I think is higher than most people that are like the ordained superstars, like the next guy that we anticipate them being pantheon people,” said the buyer, who spoke on the condition of anonymity. “… If you take all these players and you say, ‘What’s their ceiling?’
I think Victor Wembanyama’s [ceiling] is substantially higher.”

Professional Sports Authenticator graded the card a Gem Mint 10, which the PSA site says is reserved for “virtually perfect” cards.

The previous record amount spent on a Wembanyama card was $860,100 paid for his rookie Panini Prism Nebula Choice one-of-one card in early 2025, according to Fanatics Collect. That card had a PSA 9 grade.

The grade for the recently purchased card came with controversy. Collector Cavelle McDonald pulled the card from a pack he purchased at NorCal Sports Cards in Roseville, Calif. A video posted to the store’s YouTube account in 2024 shows McDonald and NorCal Sports Cards owner Thomas Lindenthal getting the card graded.

After learning the card’s grade, Lindenthal gave “a huge shout-out” to Kurt’s Card Care. “Your product is phenomenal,” he said.

According to its website, Kurt’s Card Care makes “100% handmade Cleaning sprays and polishes free of artificial colors and scents. Perfect for cleaning and restoring your card collection.” PSA says on its website that it “will not grade cards that bear evidence of trimming, re-coloring, restoration, or any other forms of tampering” and lists “evidence of cleaning” as a factor in the company returning a card without a numeric grade.

Some people in the video’s comment section speculated that Lindenthal’s shout-out may have indicated that the Wemby card had been tampered with in a way that should have disqualified it from being graded. NorCal Sports Cards did not immediately respond to a request for comment from The Times.

McDonald told the Athletic that “Kurt’s Card Care has nothing to do with me or the card.” The new buyer told the publication that he was unaware of the situation before purchasing the card, but said it wouldn’t have made any difference if he had known.

The largest amount known to be spent on any sports card is the $12.932 million paid last year for the 2007-08 Upper Deck Exquisite Collection Dual Logoman Autographs card featuring Kobe Bryant and Michael Jordan.

Wembanyama had 41 points and 24 rebounds in the Spurs’ double-overtime victory against the Thunder in Game 1 of the conference finals and 33 points, eight rebounds, five assists and three blocked shots in San Antonio’s Game 4 victory on Sunday. Game 5 is Tuesday in Oklahoma City, with the winner of the best-of-seven series advancing to play the New York Knicks in the NBA Finals.

Source link

‘A paper city’: New York ‘library’ hosts 3.5 million pages of Epstein files | Human Rights News

A mile from the Manhattan jail where convicted sex offender Jeffrey Epstein was found dead in 2019, an unassuming Tribeca gallery at 101 Reade Street has been transformed into a physical archive of the disgraced financier’s many cases.

More than 3.5 million pages of law enforcement documents published by the United States Department of Justice have been printed, bound and stacked across 3,437 volumes to line the walls of a room from floor to ceiling.

The exhibition, titled “The Donald J Trump and Jeffrey Epstein Memorial Reading Room”, was organised by the Institute for Primary Facts, a nonprofit that says it focuses on transparency and anti-corruption initiatives.

Epstein was arrested on sex trafficking charges in July 2017 before hanging himself in his New York jail cell a month later, denying victims a chance at justice. The “reading room” is an attempt to shed light on the many cases connected to Epstein that never went to trial.

The shelves hold documents released under the Epstein Files Transparency Act, alongside timelines, handwritten visitor notes, and a memorial space dedicated to survivors and victims.

Since opening two weeks ago, the gallery has drawn a steady stream of visitors, including survivors of a string of offences linked to Epstein.

Lara Blume McGee, who was only 17 when she was abused by Epstein, visited the reading room last week.

“I found something brutally human in the Trump-Epstein reading room,” Blume McGee told Al Jazeera. “Proof that our lives mattered enough to be gathered, cataloged, and finally seen.”

She described entering the room as walking into a “paper city”, with three and a half million pages on display, a sight that hit her “like a physical blow”. What she remembers most vividly is the silence.

“The silence was thick with memory,” she said. “Row after row, each bound volume a life, a name, a day that should never have happened if the US government had acted when he was reported to the FBI in 1996.”

The overwhelming scale of the archive is intentional. Organisers say the physicality of the documents forces visitors to confront not only the extent of Epstein’s crimes, but also the number of lives affected by them.

Thousands of victims have been identified in connection with Epstein’s abuse network. One of the most prominent survivors, Virginia Giuffre, died by suicide in April 2025.

David Garrett, a co-founder of the exhibition, said the project was built around survivors from the outset.

“We are centred around the victims and survivors more than anything,” Garrett said. “The biggest thing is transparency and accountability.”

Garrett described the exhibition as part of a broader effort to create “real-life pop-up museums” aimed at generating public pressure around corruption and institutional failure.

“Our goal is how can we drive public outrage in order to put pressure on Congress and the Department of Justice to get full and real transparency and hopefully eventually accountability,” he said.

The process of assembling the archive was itself chaotic. Garrett said organisers downloaded the files from the Department of Justice in March, believing they had received properly redacted documents. Only after printing the collection did they discover that many survivors’ names remained visible in the files.

“What seems to have happened is the Department of Justice modified its search function instead of actually redacting the names,” Garrett said. “The names of survivors were left unredacted while the names of witnesses and co-conspirators were hidden. They brazenly broke the law.”

Finding a venue also proved difficult. Garrett said several locations backed out after initially agreeing to host the exhibit, fearing controversy or retaliation. The Tribeca gallery ultimately became the fifth venue that organisers approached.

Despite these challenges, survivors and advocates quickly embraced the project.

On Tuesday, the gallery became the site of a 24-hour livestream reading of the files led by survivors, advocates and supporters.

Dani Bensky, an Epstein survivor, opened the broadcast Monday afternoon, standing at a podium inside the dimly lit gallery with one of the thick white volumes in her hands.

Her reading marked the beginning of a continuous public recitation of excerpts from the files – an attempt, organisers said, to ensure the documents are not quietly buried again.

Throughout the gallery, visitors have left flowers, handwritten notes, and messages of grief and anger.

Garrett recalled one woman who spent hours walking silently through the space before telling organisers she was herself a survivor of sexual abuse.

“She said this helped her realise that she felt seen,” Garrett said. “That meant a lot to us.”

For Blume McGee, that feeling of visibility carries both relief and frustration.

“For years we were told to be quiet, to accept settlements, to move on,” she told Al Jazeera. “Seeing our truths preserved in a public archive felt like a long-overdue acknowledgment of our pain, our abuse and our reality.”

But she warned that documentation alone is not justice.

“This exhibition gives real hope because the record is now undeniable,” Blume McGee said. “Finally, there is action: documentation, visibility, proof. But those same files map systemic failure — how many doors stayed shut, how many people escaped scrutiny.”

“Visibility without consequence only prolongs the wound,” she added. “We need both: the files on the table and the government to act — investigate, prosecute, reform — so that being ‘finally seen’ becomes finally safe.”

Source link

Rob Base, rapper known for ‘It Takes Two,’ dies at 59

Rapper Rob Base, one-half of the hip-hop duo Rob Base & DJ E-Z Rock, died on Friday after a battle with cancer. He was 59.

“Rob’s music, energy, and legacy helped shape a generation and brought joy to millions around the world. Beyond the stage, he was a loving father, family man, friend and creative force whose impact will never be forgotten,” a statement on Base’s Instagram read.

The statement also expressed gratitude to Base, who was surrounded by family as he died, for “the music, the memories and the moments that became the soundtrack to our lives.”

Rob Base was born Robert Ginyard in May 1967. He was best known for his collaborations with DJ E-Z Rock. The two were lifelong friends, meeting in fifth grade while living in Harlem. Their song “It Takes Two” was released in 1988 by Profile Records. The song became a breakout single for the duo and peaked at No. 3 on the Billboard U.S. dance club songs chart, with The Times calling “It Takes Two” “the rage of the rap underground.”

The duo followed up the hit with the release of the singles “Joy and Pain” and “Get On the Dance Floor.” Base released his solo album, “The Incredible Base,” in 1989.

Base was an ardent supporter of the rap genre, explaining to The Times in 1989 the nuance of the music.

“People outside rap don’t understand it. There’s all sorts of subtle things — key things — happening over and above the beat in rap songs. The fans want new stuff all the time,” Base said.

Base had two children, De’Jené Ginyard and Robert Ginyard Jr. His wife, April, died in 2013.



Source link

Over 1.6 million pilgrims arrive in Saudi Arabia for hajj pilgrimage | Newsfeed

NewsFeed

More than 1.6 million Muslim pilgrims have arrived in Saudi Arabia for the annual Hajj pilgrimage, as authorities stepped up crowd-control measures across Mecca. Pilgrims from war-affected Sudan and Yemen spoke about overcoming challenges to reach Islam’s holiest site.

Source link

‘Housewives’ star Erika Girardi settles $25-million civil lawsuit

Pop crooner and “Real Housewives of Beverly Hills” star Erika Girardi quietly put an end to a long and splashy legal battle over her ex-husband’s now-defunct law firm on Thursday, settling a $25-million bankruptcy lawsuit in Los Angeles federal court.

The suit alleged the singer should have known she was profiting off embezzled funds linked to the sprawling case against her ex-husband, former L.A. legal heavyweight Tom Girardi, and his firm Girardi Keese. The couple was accused of funneling millions from the law firm to prop up Erika’s music career.

Performing as Erika Jayne, she topped the charts in the 2010s with a series of raunchy dance club hits. But court records show she spent millions more than she made as a musician.

Larry W. Gabriel, an attorney for the plaintiffs in the case, wrote in a pretrial filing Monday that Erika and a company associated with her “received the benefit of [Tom] Girardi’s massive fraudulent scheme.”

Tom Girardi is currently serving a seven-year sentence in federal prison after he was convicted of wire fraud for bilking his personal-injury clients in 2024. The disgraced former attorney was found to have stolen tens of millions from his firm.

His wife’s pop hits mixed boasts about luxury brands and explicit sex acts with pulsing dance beats and a bratty falsetto, a tone actress Lake Bell famously dubbed “sexy baby voice.

In depositions taken as part of the suit, Erika said she had no knowledge of her husband’s crimes. She claimed to be ignorant about where the millions she spent on recording, merchandise, tours and “fun, playful, and sparkly outfits” were drawn from.

“I did not know how much I spent per month or per year,” she said in one exchange. “Girardi Keese paid my Amex credit card bill every month.”

Monday’s filings show Girardi Keese paid at least $14 million in charges to her American Express account between 2008 and 2020.

The payouts began in the late 2000s when Erika, then a stay-at-home mom, sought to relaunch herself as a performer. In 2016, near the height of her pop fame, her husband began to complain she was charging too much on the credit card account. After repeated entreaties to tamp down her spending, Girardi tried for the first time to look at her balance.

Soon after, Girardi grew suspicious of charges being made to her card by a Hollywood costumer — worries she reported to one of Girardi Keese’s clients, an agent in the Secret Service, records show.

On the advice of the agent’s Secret Service colleagues, she said she disputed the AMEX charges and was ultimately refunded more than half a million dollars to her personal account, despite the original payments having come from the law firm.

Erika Girardi’s attorney did not immediately respond to requests for comment Friday.

Source link

Cruise lines can be held liable for using docks seized under Castro, Supreme Court rules

The Supreme Court on Thursday broadly upheld lawsuits by U.S. companies whose property was seized in Cuba prior to 1960, including claims against cruise ship lines that docked there in the past decade.

These suits do not seek compensation from Cubans but from those who “traffic in property which was confiscated by the Cuban government.”

In a 8-1 decision, the justices revived a $400-million judgment against four cruise lines whose ships stopped in Havana between 2016 and 2019.

All of them used docks that were built early in the 20th century by the Havana Docks Corporation, an American company.

Justice Clarence Thomas pointed to a rarely enforced 1996 law that authorized suits against those who “use property tainted by a past confiscation.”

Past presidents had suspended enforcement of the law, but President Trump allowed such claims to go forward.

That change in policy exposed “traffickers in confiscated property of United States nationals” to brings claims in federal courts, Thomas said.

The four cruise line companies — Caribbean Cruises, Norwegian Cruise Line Holdings, Carnival Corporation, and MSC Cruises — transported nearly a million paid passengers to Cuba, he wrote.

They paid the Cuban government tens of millions of dollars to do business in Cuba. They collectively earned hundreds of millions of dollars in revenue from voyages that included a stop in Havana, he said.

A federal judge in Florida ordered each of the cruise lines to pay $100 million in damages, but the U.S. appeals court in Atlanta blocked the decision by a 2-1 vote. It said Havana Docks Corporation had a contract to run the docks had expired in 2004.

Justice Elena Kagan made the same argument in dissent.

She said “the docks belonged to the Cuban Government — not Havana Docks — all along. What Havana Docks owned was only a property interest allowing it to use those docks for a specified time. And that time-limited interest expired in 2004 — more than a decade before the cruise lines ever used the docks.”

Still pending before the court is a similar claim from Exxon Mobil Corp., which was argued on the day in late February.

Source link

Controversial Netflix show smashes records with near 14 million views

The Netflix show has found itself in the top 10 in multiple countries, bringing in over 13 million views this week

A controversial Netflix show dubbed “super dark” continues to break records in over a dozen countries worldwide.

The Roast of Kevin Hart livestream was finally released on Netflix earlier this month (May 10), having been hosted by Shane Gillis during Netflix is a Joke Fest. Featuring savage punchlines from the likes of Dwayne Johnson, Pete Davidson and Katt Williams, the show continues to divide fans.

Running for just under three hours, a Netflix synopsis reads: “Kevin Hart is in the hot seat and ready for all the smoke as roastmaster Shane Gillis and a dais of A-listers unleash a raw and ruthless night of laughs.”

Despite its controversy, the show has found its way onto Netflix’s Top 10 list, breaking records to sit in top place in 15 countries this week. According to Netflix’s Tudum, from May 11 to May 17, The Roast of Kevin Hart sits in first place in the Top 10 Shows with 13.5 million views.

But views continue to be divided as one person wrote on Rotten Tomatoes: “It’s no different than any other roast.. it’s light but super dark gut wrenching comedy. It’s an enjoyable watch.”

Another said: “This is the edgiest, funniest roast I’ve seen. It was not afraid to push the boundaries of comedy, something we need more of. I applaud the boldness and vision. I’d love to see more like this.”

A third added: “Omg!!! This was a proper roast, crying laughing, whilst walking around the room saying No! No! No! He didnt just say that.”

However, some viewers were unimpressed as one person wrote: “Easily the worst roast ever done. I love Shane, but he was so bad and unfunny. The Rock was the only one that did okay, everyone else was pretty poor. Just awful.”

Another said: “The cringe was high with this one. The few funny moments still didn’t make the 3 hrs worth it.”

A third penned: “Total waste of time. 3-4 funny jokes in 3hrs. Skip!”

Over on Reddit, one viewer stated: “Overall I enjoyed lots of the jokes but many felt like they were simply seeking to push the discomfort to extremes for the sake of edginess rather than for the sake of smart humour. It felt desperate to shock.

“I understand roast culture but this event had an edge I haven’t seen before and there seemed to be an air of discomfort amongst some people.”

The Roast of Kevin Hart can be streamed on Netflix.

Source link

Victorian seaside resort DOUBLES size of beach using a million tonnes of shingle in £185m promenade makeover

A VICTORIAN seaside spot has doubled in size thanks to a £185 million promenade makeover.

The beachfront has now reopened to visitors after six months of work.

Illustration of a proposed beach and pier development with a road and cars next to it.
A Victorian seaside resort has doubled the size of its beach in the past year Credit: Portsmouth Council
A dredger, tugboat, and pipeline in the ocean near a beach with a city and memorial in the background.
The popular seafront is undergoing a huge £185 million makeover to improve the areas flood defences Credit: Portsmouth Council

Southsea beach in Portsmouth is undergoing a huge redevelopment as work continues to increase the beach’s size and improve the promenade flood defences.

The Southsea Coastal Scheme is a £185 million project that was introduced to help reduce the risk of flooding to thousands of homes and local businesses.

Its planned defences will stretch along a 2.7 mile section of the seafront and is the UK’s biggest local authority-led coastal defences project.

The beach widening work, which covered the stretch between the Pyramid Centre and the Coffee Cup café began in October last year and was completed by March 2026.

FIT THE BILL

Sandy UK beach with ‘undeniable charm’ to feature in new Bill Nighy film


PARK PARADISE

The Algarve-like holiday park on a UK beach with a £1million upgrade

Increasing the beach’s width was achieved using shingle dredged from a nearby strait close to the Isle of Wight, with one million tonnes of shingle deposited on the beach using a pipeline from the dredger.

Widening the beach improves the area’s flood defences as the larger beach can now absorb more wave energy and will better defend the coastline.

While this process was underway, access to the beach was limited for safety reasons and certain sections were closed to the public, reopening section-by-section as work was completed.

Speaking on the decision to expand the beach, Southsea Coastal Scheme project executive, Marc Bryan, said: “We’ve chosen to build a larger shingle beach in this area because they’re great at absorbing wave energy which in turn helps reduce erosion and protects homes and businesses from coastal flooding.

“The new beach will adapt to rising seas and our changing climate while still providing the required standard of protection.

“It will be easily maintained and can be topped up if needed in the future.”

Other work that forms part of the scheme has already been completed including the demolition and creation of a new seawall around Long Curtain Moat.

Two new bridges were also built nearby and the promenade was made higher and wider with additional seating.

Rocks were imported to create new sea defences around Southsea Castle and improvements have been made to part of the promenade between Pyramids and Speaker’s corner, including new terraces, seating and play areas.

Currently, construction work is underway between South Parade Pier and Speaker’s Corner creating a new-look promenade and improving the defences.

Large precast concrete blocks have been installed onto 75 units on the sea frontage, cleverly disguised as tiered planters and seating.

The promenade level is also in the process of being raised using a mix of crushed stone and crushed concrete from the previous promenade.

When complete, the new promenade area will match the existing seafront paving.

Construction is expected to continue till May 2027, and while the work is underway, certain areas of the beachfront will be closed, however many local businesses will remain open.

The entire coastal defence scheme is expected to be completed by 2029.

The beach, made up of a mix of shingle and sand, has been a popular tourist destination since the 19th century and is located just a mile south of Portsmouth city centre.

Named after the nearby Southsea Castle, the beach first welcomed its South Parade Pier in 1879, originally the site of a passenger steamer service for travellers heading to the Isle of Wight.

The seafront has been described by visitors as “a little gem” on the South East coast, with a “wonderful” promenade full of shops and cafes.

Source link

How does a 28-year-old raise more than $1 million for a congressional bid?

In his first run for Congress two years ago, Justin Fareed, a relative newcomer to politics, relied mostly on his own money. He didn’t make it past the primary.

This year, the 28-year-old Republican, a former UCLA Bruins running back, has significantly more money to work with — $1 million.

Most of it — 80% — came from people living outside his Santa Barbara district. And nearly $200,000 has come from donors with ties to two of the state’s largest nursing home operators.

The businessmen, Lawrence Feigen and Shlomo Rechnitz, of L.A.’s Westside, have given the maximum allowed contributions, as have members of their families and their friends and employees.

Operators of skilled nursing facilities have a big stake in congressional decisions on healthcare funding and policy. Those businesses depend on funding from Medicaid and Medicare — and, in California, Medi-Cal – and they are under constant scrutiny by government regulators and inspectors.

Fareed himself is in the medical business; he is vice president of his family’s company, ProBand Sports Industries, which makes devices to treat tennis elbow and other repetitive stress injuries. In his candidate statement on the ballot, he also describes himself as a “third-generation cattle rancher” who understands “the burdensome taxes and regulations coming out of Washington, and the implications it has on small businesses and the agricultural community along the Central Coast.”

The congressional race in Santa Barbara, where Democratic Rep. Lois Capps is retiring, pits Fareed against Democratic Santa Barbara County Supervisor Salud Carbajal, who has raised $1.8 million. The field of five others includes Santa Barbara Mayor Helene Schneider, also a Democrat, and Republican Assemblyman K.H. “Katcho” Achadjian. The top two finishers in June will face off in November.

Feigen’s company SnF Management owns more than 35 long-term nursing facilities in California and Arizona under the name Windsor Healthcare.

Rechnitz owns more than 70 facilities and has been described as the state’s largest nursing home operator. In recent years, state and federal authorities have investigated his companies on charges including elder abuse and involuntary manslaughter.

Feigen and at least 30 of his employees, business associates, friends and family members have together contributed at least $108,000 to Fareed’s congressional campaign. Rechnitz, employees of his businesses and their family members have given at least $74,000.

Federal law caps direct donations to candidates at $2,700 for the primary and $2,700 for the general election.

Feigen donated the maximum amount to Fareed’s campaign. Rechnitz contributed $2,700. Three Feigen family members listed as students in finance disclosures each donated $2,700.

In addition, Feigen, his family’s trust and his company donated $25,000 to New Generation, a pro-Fareed political action committee that has since disbanded. Ramat Medical, where Rechnitz is chief financial officer, donated $10,000. Feigen and his wife also donated $10,000 to another PAC set up to support Fareed.

When asked about his donations, Feigen said he and his family “like people who are honest” and not part of the political establishment. He said he knew Fareed through business connections in the medical sector. Rechnitz, through a representative, declined to speak about his contributions to Fareed’s campaign beyond an emailed statement.

“Mr. Rechnitz is a major, non-denominational, non-partisan donor who last year alone contributed to more than 1,100 institutions,” Rechnitz’s spokesperson Stefan Friedman said in the statement.

At the recent opening of his campaign’s Santa Barbara headquarters, Fareed described Feigen as “a supporter like all of our other supporters for the campaign.”

Fundraising success

Fareed, a onetime Capitol Hill aide to a Kentucky congressman, ran for the Santa Barbara congressional seat in 2014, coming up a few hundred votes short of making it past the top-two primary to challenge Capps, the incumbent. That year, he raised about $190,000 and loaned his campaign $197,000.

Voter registration in the district, which stretches across San Luis Obispo, Santa Barbara and Ventura counties, is almost evenly split between Democrats and Republicans. President Obama won the district by 11 points in 2012, and tea party favorite Chris Mitchum, son of the late actor Robert Mitchum, came close to ousting Capps in 2014.

Around 56% of Fareed contributors this year live outside the district, and they contributed $875,000 of his $1.08 million in donations.

About 77% of the $1.5 million that Fareed’s opponent Carbajal has raised from individual donors comes from inside the Central Coast district.

At least 90 of Fareed’s 490 donors live in West Los Angeles, in the Hancock Park, Fairfax and Mid-Wilshire neighborhoods. Supporters in the 90036 ZIP Code contributed a combined $235,000 to the candidate — nearly 25% of the money Fareed brought in since the campaign began.

Many of those Westside donors have ties to the medical industry, according to donation records filed with the FEC.

Feigen is the co-founder of privately owned SnF Management, which manages a chain of nursing facilities. He is also the chief executive of a medical device company that sells orthotic insoles, according to his company website and LinkedIn page.

Rechnitz’s facilities brought in $62 million in profits in 2013, according to a Sacramento Bee report, citing state figures.

In August, California Atty. Gen. Kamala Harris filed involuntary manslaughter charges against one of Rechnitz’s nursing homes, and two of its employees were also charged with dependent adult abuse. Charges against one defendant were dismissed at a hearing last month after she agreed to testify in this case. The charges against the head of nursing and the nursing home remain, and the case is pending. At another Rechnitz-owned facility in Orange County, two former employees were charged with three counts each of elder abuse and failure to report abuse. Their trial is scheduled for July.


For the Record

5:50 p.m., June 2: An earlier version of this article said charges of dependent adult abuse against one defendant were dismissed at a hearing this month. The hearing was in May.


In addition, three Rechnitz-owned facilities repeatedly failed inspections and were eventually decertified by the U.S. Centers for Medicare and Medicaid Services, an agency spokesman said. Regulatory violations at facilities owned by Rechnitz have led to hundreds of thousands of dollars in fines. Rechnitz’s spokesman declined to comment on those cases but said the executive brought “59 nursing homes out of insolvency and currently provides life-saving care to thousands of Californians.”

‘A good guy’

West Hollywood resident Viktor Kogan and his wife each gave $2,700 to Fareed’s campaign in late October.

Asked recently about the contributions, Kogan said he could not recall donating to Fareed, adding that he had never heard of the candidate.

When shown a copy of a federal record noting his contribution, Kogan, 75, said his daughter, Ksenya Kogan, arranged the donation. She also contributed, and listed one of Feigen’s companies, SnF Management, as her employer.

Ksenya Kogan, an attorney, declined to comment about the donations except to say she had met Fareed through friends.

In nearby Hancock Park, Freda Stock gave a total of $5,400 to Fareed, but said she didn’t know anything about the candidate or his campaign. Stock said Feigen has done business with her husband and has been a family friend for “many, many years.”

Fareed’s campaign also has received donations from outside the state, including a $2,700 contribution from Chaim Feigen, a recent graduate of New York University who works for SnF Management and is registered to vote at Lawrence Feigen’s Los Angeles home. Asked about his contribution, he declined to comment.

Other donors interviewed by The Times said they had given money to Fareed’s campaign based on the advice of friends or business associates.

One of those is Denise Wilson, an executive at Ramat Medical, the West Los Angeles medical supply company where Rechnitz is chief executive. Wilson, who gave $2,700, said a group of people that she works with introduced her to Fareed’s campaign.

“They said that he was a good guy,” she said. “I couldn’t give you a definitive answer of his issues or what he stands for. They just said that he was a good, up-and-coming person to support our industry.”

SIGN UP for our free Essential Politics newsletter >>

Lawrence Feigen’s brother, Alan, who also works at Ramat Medical and gave $2,700, said he did not know Fareed personally. He said that a client, whom he declined to identify, had asked Ramat Medical employees to support the candidate.

Among other donors, Ken Zelden, a vice president at Harris Office Products in Van Nuys, said he gave Fareed’s campaign $2,700 because he’d “been told he is a good guy.” “I’m looking forward to meeting him,” he said.

At a recent campaign event in Santa Barbara, Fareed said donors from the healthcare industry comprise “a very prominent base of support that we are developing all over the place.”

He added that his campaign has been holding meet-and-greets and fundraisers around Southern California.

“When you are working to develop an organization, an infrastructure for a campaign and one as significant as this one, it takes a huge geographical area that’s incredibly diverse,” he said.

Times staff writers Victoria Kim, Sarah D. Wire and Maloy Moore contributed to this report.

javier.panzar@latimes.com

@jpanzar

ALSO:

Why activists in these California swing districts are feuding with the national Democratic Party

Celebrity donors pour money into this open California congressional seat

A farmer and a former UCLA football player are running for Congress. Here’s why you should pay attention

Updates on California politics


UPDATES:

June 3, 8:40 p.m.: This article was updated to reflect two additional donations.

4:28.p.m.: This article was updated to include San Luis Obispo County in the description of the 24th Congressional District’s boundaries.

This article was originally published June 2 at 12:56 p.m.



Source link

‘Cheap’ Patriot Interceptor Costing Under $1 Million Now Being Sought By Army

The U.S. Army is pressing defense contractors to come up with proposals for a new interceptor for the Patriot surface-to-air missile system with a unit cost under $1 million. This is far cheaper — about a fifth of the price — than what the Army is paying for current-generation Patriot PAC-3 Missile Segment Enhancement (MSE) interceptors now.

As a supplement to existing interceptors, a lower-cost alternative would improve Patriot’s cost-per-intercept ratio, especially against lower-tier threats like drones and cruise missiles. The design could also be easier to produce at scale, helping address increasingly worrisome strains on stockpiles and supply chains. These are issues TWZ has been calling attention to for years now, and that have been magnified by Patriot’s heavy use during the latest conflict with Iran.

Last Friday, the Army’s Capability Program Executive (CPE) for Defensive Fires quietly put out a call for information about prospective new low-cost interceptor designs for Patriot.

“We are running a very aggressive Low Cost Interceptor (LCI) missile and missile sub-system competition,” Army Maj. Gen. Frank Lozano, the Army’s Portfolio Acquisition Executive for Fires (PAE Fires), wrote in a post on LinkedIn yesterday, calling attention to the contracting notice. “We will be holding an Industry Day in DC in the very near future. We are looking to generate the greatest amount of interest and participation across the entirety of the missile technology industrial base as possible! This effort is intended to result in multiple awards that can lead to multiple different capable yet affordable missile interceptor solutions!”

Army Maj. Gen. Frank Lozano, at far right, stands in front of a Patriot surface-to-air missile launcher at Redstone Arsenal during a visit by Secretary Pete Hegseth, seen second from the left, in December 2025. DoW/USN Petty Officer 1st Class Alexander Kubitza

The contracting notice itself breaks the $1 million unit price target into four component groups, each of which the Army wants to cost no more than $250,000. These are: Low-Cost Interceptor All-Up Round (AUR) and Fire Control, Low-Cost Rocket Motor, Low-Cost Seeker, and Fire Control and Flight Guidance Implementation. The Army is also seeking information about a potential contractor to serve as the central integrator for all of those “best of breed” elements, which could come from different sources.

When it comes to the complete missile, or AUR, and associated fire control system elements, the Army wants to integrate the missiles into existing M903 trailer-based launchers and leverage the service’s new Integrated Battle Command System (IBCS) network. The M903 is already capable of accommodating newer PAC-3 series interceptors, including the MSE variant, as well as older PAC-2 types that remain in inventory.

A graphic showing various load configurations for the M903 launcher, as compared to the previous M901 and M902 launchers. Lockheed Martin

Northrop Grumman’s IBCS was designed from the outset with a modular, open-systems approach to make it easier to integrate new systems and functionality as time goes on. You can read more about IBCS in detail in this past TWZ feature.

Northrop Grumman Integrated Air Missile Defense Battle Command System (IBCS) Flight Test thumbnail

Northrop Grumman Integrated Air Missile Defense Battle Command System (IBCS) Flight Test




“The Government seeks a component-level solid rocket motor (SRM) capable of meeting the rigorous kinetic and kinematic requirements necessary for an AMD interceptor and capable of being integrated as part of a MOSA AMD interceptor,” according to the contracting notice. “The Government seeks a component-level seeker capable of threat acquisition, tracking, and terminal guidance in support of AMD missions against the stated threat sets within contested and degraded environments (e.g., active electronic warfare, harsh weather, cluttered terrain, etc.).”

“The Government seeks a component-level fire control and flight guidance implementation capable of providing engageability options to the IBCS and providing post-launch management of interceptor flight and communications messaging,” the contracting notice adds.

Maj. Gen. Frank Lozano included this rendering of a notional missile in his post about the low-cost interceptor effort on LinkedIn this weekend. US Army

Overall, the new low-cost interceptors are intended to “serve as supplementals to the Integrated Fires Air and Missile Defense mission against Air Breathing Threats (ABT), Cruise Missiles, Close-Range Ballistic Missiles (CRBM), and Short-Range Ballistic Missiles (SRBM),” per the notice. SRBMs are typically defined as ballistic missiles with maximum ranges under 620 miles. The U.S. military also uses the term CRBM to categorize ballistic threats that can hit targets out to no more than 186 miles.

The Patriot system currently has the ability to engage all of the threats listed above, but that capability comes at a cost. The unit price of each PAC-3 MSE interceptor has risen to approximately $5.3 million, according to the Army’s latest proposed budget for the 2027 Fiscal Year. This is up from a historical average of around $4 million for each one of these missiles. These are also exquisite munitions that take years of lead time to produce, something we will come back to later on.

An overview of the PAC-3 MSE, including details about its improved capabilities compared to its predecessors. Lockheed Martin

In 2024, the Army announced that it had axed plans for a new interceptor for Patriot, previously called Lower-Tier Future Interceptor (LTFI), in large part due to projected costs.

“So, right now, the Army has decided that we are not going to move forward on what we were calling a Lower Tier Future Interceptor,” then-Brig. Gen. Lozano said in a live interview with Defense News‘ Jen Judson from the floor of the Association of the U.S. Army’s (AUSA) main annual conference that year. “That was going to be a very expensive endeavor. … Interceptors in that family or class of interceptors are very capable, but also very expensive.”

There had been subsequent signs that a follow-on of some kind to LTFI was in the works. “This year we’re starting a new interceptor program that will have longer range [and] higher altitudes,” Army Lt. Col. Steven Moebes, Product Manager for Lower Tier Interceptors, told Secretary Pete Hegseth during a show-and-tell at the service’s Redstone Arsenal last December, at which media outlets were also present.

War Sec. Pete Hegseth Visits The New Site For U.S. Space Command Headquarters In Huntsville, Alabama thumbnail

War Sec. Pete Hegseth Visits The New Site For U.S. Space Command Headquarters In Huntsville, Alabama




“We want to see if we can bring, from scratch, an interceptor that we can own the IP [intellectual property] for, then go find contract manufacturing,” Secretary of the Army Dan Driscoll also told reporters at the Pentagon just earlier this month, according to The Wall Street Journal.

Driscoll reportedly indicated at that time that the total price point the service was aiming for was $250,000. As mentioned, we now know that this is the cost target for each of the four elements that would combine to form an interceptor costing $1 million or less.

A goal to acquire an anti-air interceptor that is capable of engaging everything from lower-tier air-breathing threats to SRBMs, but does not cost more than $1 million, is still ambitious. It is also in line with Pentagon-wide initiatives to expand the acquisition of lower-cost munitions, including by leveraging new, non-traditional industry partners well beyond established prime defense contractors, and open-architecture approaches. Secretary Driscoll’s mention of Army ownership of the IP also highlights another important aspect of these initiatives, which is aimed at preventing vendor lock, and allows for new competitions to be readily run for AURs and subcomponents.

To reiterate, the new low-cost interceptor is intended to be a supplement to existing options for the Patriot system. At the same time, not all threats require something like a PAC-3 MSE. So, as noted, adding a new relatively cheap alternative to the mix would offer benefits in terms of cost-per-intercept ratio. The price associated with using the system to knock down lower-tier threats, particularly long-range kamikaze drones with unit prices measured in tens or hundreds of thousands of dollars, has become a major talking point in the past decade. Patriot also offers an important layer of defense against shorter-range ballistic missiles in the terminal phases of their flight, which present real threats, as underscored by the latest conflict with Iran, and are increasingly proliferating. As such, being able to provide lower-end terminal ballistic missile defense at a reduced cost point will also be increasingly valuable going forward.

A PAC-3 interceptor seen at the moment of launch. US Military

A new, but still capable interceptor for Patriot that is relatively cheap compared to existing types like the PAC-3 MSE could be beneficial when it comes to stockpile management and supply chains, especially if it is also faster to produce at scale. The recent conflict with Iran and other crises in the Middle East in recent years, along with support to allies and partners, particularly Ukraine, have underscored the need for new steps to ensure sufficient numbers of anti-intercepts and other critical munitions remain in U.S. inventory.

Though the Pentagon has insisted that America’s arsenal is still sufficiently stocked to address current and future contingencies, U.S. officials have openly called attention to the potential impacts of high expenditure rates and the importance of diversifying the industrial base that supplies these weapons. The up-front need for a large stockpile of anti-air and other munitions, and the ability to refill it rapidly, not on a timeline measured in years, would only be even pronounced in any future high-end fight, such as one against China in the Pacific.

When it comes to Patriot, there is a separate, but directly related issue of overall capacity. The Army’s Patriot force continues to be inadequate to meet existing demands, let alone what would be required in a future major conflict against an adversary like the Chinese People’s Liberation Army (PLA).

The Army has been working to expand the total size of its Patriot force, as well as improve the capabilities of the system through the addition of new radars and other functionality. The Pentagon has also reached deals with the PAC-3 MSE’s prime contractor, Lockheed Martin, to ramp up production of those interceptors. The service is now looking toward new containerized launchers for the Patriot system, which could be carried by future uncrewed trucks, as well.

The PATRIOT Missile in Action thumbnail

The PATRIOT Missile in Action




However, many of these developments are still likely years away from fully materializing and are subject to their own supply chain limitations. The Navy is now working to integrate PAC-3 MSE into the Mk 41 Vertical Launch System (VLS), adding a valuable new anti-air interceptor to its sea-based arsenal, but also further increasing demand. Growing U.S. demand around the Patriot, overall, including as a result of heavy use of the system in the latest conflict with Iran, has had second-order impacts on other customers globally.

Altogether, a new lower-cost interceptor for the Patriot system could be an important, if not increasingly essential, addition to the Army’s arsenal. At the same time, whether the service can meet its goal of finding a missile that meets its significant requirements, but still costs less than $1 million, remains to be seen.

Contact the author: joe@twz.com

Joseph has been a member of The War Zone team since early 2017. Prior to that, he was an Associate Editor at War Is Boring, and his byline has appeared in other publications, including Small Arms Review, Small Arms Defense Journal, Reuters, We Are the Mighty, and Task & Purpose.


Source link

Olive Young’s wellness platform draws 1.8 million users in 100 days

The entrance of the Olive Better Gwanghwamun store in Seoul is seen Friday. Photo by Hyojoon Jeon / UPI

May 14 (Asia Today) — CJ Olive Young said its wellness curation platform Olive Better has attracted 1.8 million new members within 100 days of launch, underscoring growing global demand for South Korea’s expanding K-wellness market.

The company said Wednesday that foreign customers now account for nearly half of sales at some key Olive Better locations, signaling rising international interest beyond traditional K-beauty products.

Olive Better, launched Jan. 30, currently features about 560 brands and roughly 13,000 products, according to the company.

Foreign customer sales initially accounted for about 7% of revenue after launch but have recently climbed to nearly 50% at some stores.

Industry analysts say Olive Young is broadening its consumer base from cosmetics into health and wellness products as global consumers increasingly seek Korean lifestyle and wellness trends.

Wellness products reorganized by lifestyle use

Olive Better reorganizes health products based on consumption methods and wellness goals to improve accessibility for consumers.

The platform offers “wellness shots” designed for quick consumption as well as gummy-type health supplements sold individually, expanding product flexibility and customer choice.

As of late April, more than half of the top 30 best-selling products in stores came from those categories, the company said.

Olive Young added that smaller wellness brands are also expanding product lines after joining the platform, helping them broaden consumer reach within the growing market.

The retailer recently launched a new private-label wellness brand called “All the Better,” offering about 50 products at relatively affordable prices to lower barriers for first-time wellness consumers.

Expansion planned in major shopping districts

Olive Young said it plans to strengthen wellness-focused curation across both online and offline channels.

Its online platform will be redesigned to help consumers search products more easily by function and purpose, while offline expansion will focus on major commercial districts with heavy tourist and younger consumer traffic, including Myeong-dong and Seongsu in Seoul.

The company plans to open 10 additional wellness-focused stores within the year and is also reviewing plans for hybrid stores combining Olive Young and Olive Better concepts.

An Olive Young official said the company was applying operational experience built through K-beauty expansion to the wellness sector while confirming global growth potential.

“K-wellness competitiveness will continue to grow through discovery of emerging domestic brands and market innovation,” the official said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260514010003820

Source link

Hyundai Motor hits 13.5 million vehicle sales in India after 30 years

An AI-generated image depicts Hyundai Motor’s expansion in the Indian automobile market. Photo by Asia Today and translated by UPI

May 11 (Asia Today) — Hyundai Motor Company has surpassed 13.5 million cumulative vehicle sales in India, underscoring the company’s three-decade push to localize production and develop models tailored to Indian consumers.

According to the automaker on Sunday, Hyundai Motor India Ltd., established on May 6, 1996, has sold about 13.5 million vehicles cumulatively, including 9.6 million domestic sales and 3.9 million exports.

The Indian unit has also become a strategic export hub for markets in the Middle East, Africa and Latin America, shipping models such as the Verna and Grand i10 to about 150 countries, including Saudi Arabia, South Africa and Mexico.

Hyundai entered India in the 1990s after identifying the country as a high-growth market with low vehicle ownership despite its large population. The company built its first assembly plant in Chennai, in the southern state of Tamil Nadu, and began production in 1998.

Hyundai later expanded the site with engine and transmission facilities, creating the company’s first comprehensive overseas manufacturing base.

The first model produced in India was the Santro, a localized version of the Atos compact car sold in South Korea. Hyundai modified the vehicle to better fit local conditions, including adopting a “tall-boy” design with increased cabin height that proved popular among Sikh drivers who wear turbans.

The company further expanded production capacity by opening a second Chennai plant in 2007 to support growing domestic demand and exports.

Industry analysts said Hyundai’s momentum in India accelerated after the launch of the Creta SUV in 2015. The model helped expand demand for sport utility vehicles in a market previously dominated by sedans.

Hyundai’s India Technology and Engineering Center also adapted vehicles to local consumer preferences, increasing cabin space and ground clearance to accommodate large families and rough road conditions.

To strengthen competitiveness, Hyundai launched a localization initiative in 2013 to expand sourcing from Indian suppliers. The company worked with industry groups and formed joint ventures with global suppliers, eventually achieving an average local parts sourcing rate of 82%.

“Hyundai successfully localized its operations to the point where many consumers see it as an Indian company,” an industry official said.

India’s automobile market grew from about 370,000 vehicles in 1998, when Hyundai entered the market, to approximately 4.56 million vehicles in 2025, representing annual average growth of about 10%, the official added.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260511010002552

Source link

Cuba denies $100 million U.S. humanitarian aid offer exists

“Someone should ask the U.S. Secretary of State about the fable of the alleged offer of $100 million in humanitarian aid to Cuba, which nobody here knows anything about,” Cuban Foreign Minister Bruno Rodriguez Parrilla wrote on social media. File Photo by Hector Retamal/EPA/Pool

May 12 (UPI) — Cuba’s foreign minister has denied his government received a $100 million offer in humanitarian aid from the United States, after Secretary of State Marco Rubio publicly claimed Washington tried to send assistance and Cuban authorities refused to distribute it.

In a message posted on X, Bruno Rodríguez Parrilla described Rubio’s version as a “fable” and a “$100 million lie,” and questioned who would finance the aid, how it would be distributed and whether it would consist of cash, fuel, food or medicine.

“Someone should ask the U.S. secretary of state about the fable of the alleged offer of $100 million in humanitarian aid to Cuba, which nobody here knows anything about,” Rodríguez wrote.

Rodríguez also questioned whether the alleged assistance would be “a donation, a deception or a dirty business to undermine our independence,” and argued that “lifting the fuel blockade would be easier.”

The statements responded to comments made Friday by Rubio during a press conference in Italy, where he said the United States offered humanitarian aid to Cuba and that the island’s government did not allow its distribution.

“We have offered the regime there $100 million in humanitarian aid, which unfortunately so far they have not agreed to distribute to help the people of Cuba,” Rubio said.

The secretary of state added that Washington had previously delivered about $6 million in humanitarian aid channeled through Catholic charity Caritas and said the United States seeks to expand assistance because of the island’s economic and social deterioration.

“We want to help the people of Cuba, who are being hurt by this regime, which has destroyed the country and the economy,” Rubio said.

Meanwhile, President Donald Trump announced Tuesday that he will hold talks with Cuba, although he did not provide specific details about the scope of those contacts.

In a post on Truth Social, Trump described Cuba as “a failed country” and wrote, “Cuba is asking for help, and we’re going to talk!”

According to El Nuevo Herald, Rubio also said he discussed the Cuban situation with Pope Leo XIV during a meeting held at the Vatican. Rubio blamed the Cuban government for preventing greater humanitarian assistance.

The exchange came amid a renewed rise in tensions between the governments of Trump and Miguel Díaz-Canel after sanctions imposed by the Trump administration against the Cuban military conglomerate GAESA, its director and mining company Moa Nickel.

Rubio announced the measures last week as part of an economic offensive aimed at restricting the Cuban regime’s sources of income and pressuring the island for political and economic reforms.

“The sanctions imposed … demonstrate that the Trump administration will not stand idly by while the Cuban communist regime threatens our national security in our hemisphere,” Rubio wrote on social media.



Source link

Paymentology Raises $175 Million co-led by Apis Partners and Aspirity Partners to Support Next Phase of Growth

Article content

LONDON — Paymentology, the leading global issuer-processor, today announced a $175 million investment co-led by Apis Partners (”Apis”), a private equity firm specialising in financial infrastructure and services, and Aspirity Partners (“Aspirity”), a pan-European Private Equity firm focused on Financial Technology & Services and Enterprise Technology & Connectivity Services.

Article content

The investment will support Paymentology’s continued global expansion, product development and strengthening of its team, as the company builds on strong demand for modern issuer processing on a global scale.

Article content

Article content

Article content

The transaction brings together two investors with deep experience in the payments industry and a shared focus on advancing payments infrastructure, united by the view that issuer processing represents one of the most significant opportunities in the sector. For Apis, the investment, made by Apis Growth Fund III1, marks the firm’s 16th payments investment. Both Apis and Aspirity will draw on their deep sector and global network of payments experts to support the next phase of Paymentology’s growth.

Article content

Article content

Joe O’Mara, Founder and Managing Partner at Aspirity Partners commented:

Article content

“Payments is a core pillar of our investment strategy, and Paymentology represents the kind of category-leading platform we look to back: modern technology, global relevance and strong exposure to long-term growth in digital payments. As Aspirity’s first investment from our inaugural fund, this partnership reflects our sector-specialist approach and was the downstream outcome of our proactive thematic origination model, including the valuable contribution of our Innovator & Leader network. We have been particularly impressed by the execution and ambition shown by Jeff and the team, and look forward to supporting the company through its next phase of international growth.”

Article content

Matteo Stefanel, Co-Founder and Managing Partner, Apis commented:

Article content

“We are thrilled to partner with Paymentology – a company that operates at the centre of an attractive and fast

Article content

Article content

growing segment in the global payments ecosystem – and build on our decade plus relationship with the executive team. Leveraging our global connectivity and sector expertise across the payments value chain, we look forward to supporting management as they continue to scale, extend their capabilities and deliver meaningful, lasting impact by improving access to modern financial services worldwide.”

Article content

Despite the global payments market being estimated at $49 trillion by 2026, much of the issuing layer remains constrained by legacy infrastructure, limiting innovation, speed and the quality of end-user payment experiences. Paymentology is addressing this gap through its highly configurable, cloud-native platform, enabling real-time processing at scale for clients across 68 countries and giving issuers the flexibility to launch, adapt and manage card and digital payment experiences more efficiently across markets.

Article content

Article content

Jeff Parker, CEO at Paymentology, commented:

Article content

Article content

The future of finance is already here, but legacy infrastructure continues to hold back innovation. At Paymentology, we see a significant opportunity to remove that friction and enable our clients to move at the pace the market demands. We’ve built an issuing platform designed for growth, helping digital banks, fintechs and financial institutions launch, scale and expand their card programmes with confidence. By combining global capability with the flexibility to adapt locally, we enable our clients to compete more effectively with speed, control and efficiency, in an increasingly dynamic landscape.

Article content

This investment and the strength of our partnership with Apis and Aspirity is a strong endorsement of our platform and strategy. It positions us to accelerate our growth, expand our capabilities, and continue supporting our clients as they build momentum, and unlock truly unstoppable progress.

Article content

Article content

This momentum is reflected in Paymentology’s performance, with new sales rising 117% year-on-year in FY25 and transaction volumes increasing 65%. Growth has been driven by strong demand from digital banks, embedded finance providers, digital asset-linked card programmes and expense management platforms, alongside established banks modernising legacy systems. The business also benefits from a highly diversified international client base and significant exposure to high‑growth regions including the Middle East, Latin America, Africa and APAC.

Article content

Paymentology’s strong customer relationships, ability to operate across diverse regulatory environments and continuity of management further strengthen its position as a trusted global infrastructure partner. The company will use the capital to support the growth and innovation ambitions of its current and future clients, while expanding beyond core issuer processing into adjacent areas including credit, stablecoin, tokenisation and AI-driven services. Paymentology supports clients in close to 70 countries, including leading FinTechs (for example: M-Pesa by Safaricom, RedotPay, Rain, TrueMoney, ARQ, and many others), and some of the world’s fastest growing neobanks (such as GoTyme, Snappi, Wio Bank, D360, Albo, among others).

Article content

Udayan Goyal, Co-Founder and Managing Partner, Apis added:

Article content

“As the 16th investment Apis has made in the global payments sector, this deal reinforces our strong conviction in the opportunity within issuer processing. This partnership represents a shared vision to accelerate the democratisation of card issuance, broaden access to digital financial infrastructure and expand into new geographies and adjacent capabilities. This further exemplifies our approach of backing proven mission-critical infrastructure providers, capital‑light business models that generate attractive returns while driving measurable positive impact demonstrating that long‑term value creation and impact go hand in hand.”

Source link