Connect with us

Published

on

House Speaker Emerita Nancy Pelosis message at the annual South by Southwest festival could be summarized in three words: Follow the money.

Pelosi uttered that specific phraseand similar versions of itseveral times during her interview with Evan Smith, a contributing writer at The Atlantic, as part of the magazines Future of Democracy summit this morning in Austin, Texas.

Pelosi, who represents Californias 11th congressional district, began by discussing the recent collapse of Silicon Valley Bank and the anxiety sweeping through not only her home district but the tech and financial industries as a whole. I dont think theres any appetite in this country for bailing out a bank, she said. What we would hope to see by tomorrow morning is for some other bank to buy the bank. She said there were multiple potential buyers, but she couldnt reveal their names. Pelosi pointed out that former President Donald Trump had authorized the reduction of certain Dodd-Frank protections that had been instituted following the 2008 financial crash: If they were still in place and the bank had to honor them, this might have been avoided, she offered. Rather than repeating our recent history and using taxpayer money to rescue the failed institution, Pelosi said the focus should be on protecting depositors and small businesses at risk of closing or not making payroll. We do not want contagion, she said.

Franklin Foer: Youll miss gerontocracy when its gone

Pelosi pointed to moneythe reckless use and exploitation of itas the root of virtually every problem facing America and the world today. Whether the potential fallout of a failed bank like SVB or the rise of autocracy around the world, it all comes down to money, money, money, and little else. Money buying Russian oil is paying for the assault on democracy in Ukraine, Pelosi said. She accused China of buying votes from smaller countries at the United Nations, and said the U.S. must join with the European Union in using the leverage of this big market to have the playing field be more even.

Pelosi refused to say Trumps name even once during her one-hour session, referring to the 45th president instead by Whats his name under her breath. Still, she condemned the extremism and anarchy that had overtaken American politics since Trump began his rise nearly eight years ago. Her husband, Paul Pelosi, who was struck in the head with a hammer by a home invader last fall, joined her on todays trip to Texas, which was unusual, given that hes still recovering from the attack. I was the target, she said. He paid the price.

She spoke of the January 6 insurrection with sadness and disgustanarchists making poo-poo on the floor of the Capitoland acknowledged the rioters goal to put a bullet in her head that day. Her successor, Speaker Kevin McCarthy, recently gave a trove of January 6 material to Fox News in the name of governmental transparency. Foxs biggest star, Tucker Carlson, downplayed the severity of the Capitol storming in a broadcast last week. Something must be wrong with Tucker Carlson, Pelosi said. Theres money that runs a lot of it.

David From: No tears for Kevin McCarthy

Taking a brief conciliatory note, she said she was hoping for the best for McCarthy as he continues his first year as House speaker. We need to listen, and I hope that Kevin will listen to other than just the very radical, right-wing fringe of his party, she said, apparently gesturing at Trump and other election deniers. When asked about the prospect of Trump again becoming the GOP nominee in 2024, she was ready with a canned line: If he is, we impeached him twice, and hes gonna lose twice. (Left unsaid was that neither impeachment resulted in Trumps removal from office.)

As for President Joe Biden, Pelosi called him a magnificent leader and said that she certainly hopes he will run again. (She joked that hes younger than she is.) Nevertheless, Pelosi seemed slightly agitated that Biden had yet to formally declare his candidacy, leaving other potential candidates in the Democratic Party with few options. I think it would be efficient for us to have a president seek reelection, and we should be moving on with it when we can. Whatever decision he makes, wed like to know.

Continue Reading

World

Inside Iran’s notorious Evin Prison – as Tehran says damage shows Israel targeted civilians

Published

on

By

Inside Iran's notorious Evin Prison - as Tehran says damage shows Israel targeted civilians

It is one of the most notorious and secret places in Iran.

Somewhere foreign journalists are never allowed to visit or film. The prison where dissidents and critics of Iran’s government disappear – some never to be seen again.

But we went there today, invited by Iranian authorities eager to show the damage done there by Israel.

Evin Prison was hit by Israeli airstrikes the day before a ceasefire ended a 12-day war with Iran. The damage is much greater than thought at the time.

Evin Prison, Iran

We walked through what’s left of its gates, now a mass of rubble and twisted metal, among just a handful of foreign news media allowed in.

A few hundred yards in, we were shown a building Iranians say was the prison’s hospital.

Behind iron bars, every one of the building’s windows had been blown in. Medical equipment and hospital beds had been ripped apart and shredded.

What Iran says was the hospital at the Evin Prison
Image:
Debris scattered across what Iran says was the prison hospital

It felt eerie being somewhere normally shut off to the outside world.

On the hill above us, untouched by the airstrikes, the buildings where inmates are incarcerated in reportedly horrific conditions, ominous watch towers silhouetted against the sky.

Evin felt rundown and neglected. There was something ineffably sad and oppressive about the atmosphere as we wandered through the compound.

The Iranians had their reasons to bring us here. The authorities say at least 71 people were killed in the air strikes, some of them inmates, but also visiting family members.

The visitor centre at Evin Prison after Israeli attacks
Image:
Authorities say this building was the visitor centre


Iran says this is evidence that Israel was not just targeting military or nuclear sites but civilian locations too.

But the press visit highlighted the prison’s notoriety too.

Iran’s critics and human rights groups say Evin is synonymous with the brutal oppression of political prisoners and opponents, and its practice of hostage diplomacy too.

British dual nationals, including Nazanin Zaghari-Ratcliffe were held here for years before being released in 2022 in exchange for concessions from the UK.

Read more:
Iran: Still a chance for peace talks with US
Why Netanyahu wants a 60-day ceasefire – analysis

The main complex holding prisoners sits atop a hill
Image:
Inmates are held in building on a hill above, which has been untouched by airstrikes

Interviewed about the Israeli airstrikes at the time, Ms Zaghari-Ratcliffe showed only characteristic empathy with her former fellow inmates. Trapped in their cells, she said they must have been terrified.

The Israelis have not fully explained why they put Evin on their target list, but on the same day, the Israeli military said it was “attacking regime targets and government repression bodies in the heart of Tehran”.

Follow The World
Follow The World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

The locus of their strikes were the prison’s two entrances. If they were trying to enable a jailbreak, they failed. No one is reported to have escaped, several inmates are thought to have died.

The breaches the Israeli missiles made in the jail’s perimeter are being closed again quickly. We filmed as a team of masons worked to shut off the outside world again, brick by brick.

Continue Reading

Environment

Tesla prototype sparks speculation: a Model Y, maybe slightly smaller

Published

on

By

Tesla prototype sparks speculation: a Model Y, maybe slightly smaller

A new Tesla prototype was spotted again, reigniting speculation among Tesla shareholders, even though it’s likely just a Model Y, potentially a bit smaller, and the upcoming stripped-down, cheaper version.

Over the last few months, there have been several sightings of what appears to be a Model Y with camouflage around Tesla’s Fremont factory.

It sparked a lot of speculation about it being the new “affordable” compact Tesla vehicle.

There’s confusion in the Tesla community around Tesla’s upcoming “affordable” vehicles because CEO Elon Musk falsely denied a report last year about Tesla’s “$25,000” EV model being canceled.

Advertisement – scroll for more content

The facts are that Musk canceled two cheaper vehicles that Tesla was working on, commonly referred as “the $25,000 Tesla” in early 2024. Those vehicles were codenamed NV91 and NV92, and they were based on the new vehicle platform that Tesla is now reserving for the Cybercab.

Instead, Musk noticed that Tesla’s Model 3 and Model Y production lines were starting to be underutilized as the Company faced demand issues. Therefore, Tesla canceled the vehicles program based on the new platform and decided to build new vehicles on Model 3/Y platform using the same production lines.

We previously reported that these electric vehicles will likely look very similar to Model 3 and Model Y.

In recent months, several other media reports reinforced this, and Tesla all but confirmed it during its latest earnings call, when it stated that it is “limited in how different vehicles can be when built on the same production lines.”

Now, the same Tesla prototype has been spotted over the last few days, and it sent the Tesla shareholders community into a frenzy of speculations:

Electrek’s Take

As we have repeatedly reported over the last year, the new “affordable” Tesla “models” coming are basically only stripped-down Model 3 and Model Y vehicles.

They might end up being a little smaller by a few inches, and Tesla may use different model names, but they will be extremely similar.

If this is it, which is possible, you can see it looks almost exactly like a Model Y.

It’s hard to confirm if it’s indeed smaller because of the angle of the vehicle compared to the other Model Ys, but it’s not impossible that the wheelbase is a bit smaller – although it’s hard to confirm.

Either way, the most significant changes for these stripped-down, more affordable “models” are expected to be cheaper interior materials, like textile seats instead of vegan leather, no heated or ventilated seats standard, no rear screen, maybe even no double-panned acoustic glass and a lesser audio system.

As previously stated, the real goal of these new variants, or models, is to lower the average sale price in order to combat decreasing demand and maintain or increase the utilization rate of Tesla’s current production lines, which have been throttled down in the last few years to now about 60% utilization.

If this trend continues, Tesla would find itself in trouble and may even have to close its factories.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Politics

US Senator Lummis’s crypto tax relief plan fuels DeFi momentum: Finance Redefined

Published

on

By

US Senator Lummis’s crypto tax relief plan fuels DeFi momentum: Finance Redefined

US Senator Lummis’s crypto tax relief plan fuels DeFi momentum: Finance Redefined

Increasing US regulatory clarity is enabling more traditional finance participants to seek out decentralized financial solutions.

Continue Reading

Trending