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.
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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.
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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.
COLLEGE STATION, Texas — Offensive coordinator Shannon Dawson’s game plan for Miami‘s first College Football Playoff appearance was to throw the kitchen sink at Texas A&M, to run every twist on every play he could imagine until something broke. He would leave no stone unturned.
By the fourth quarter, however, the score was tied at 3, and both offenses had traded blows in a battle of attrition. All the gadget plays and misdirection had amounted to nothing. A swirling wind at Kyle Field had stunted the passing attack and played havoc with the kicking game, as Miami missed three field goal attempts. The last hope, Dawson figured, was to do the thing he had been criticized for most this season.
He would run the ball — power run, A-gap, right down the Aggies’ throats until Miami was in the end zone.
Dawson found his tailback on the sideline before Miami’s final drive, and he issued an edict to Mark Fletcher Jr.
“We’re riding you down the field,” Dawson said.
Fletcher grinned — that smile that has become so familiar to everyone around Miami for the past three years. Fletcher is always happy, always an optimist, but this was different. It wasn’t optimism. It was certainty.
Fletcher found his O-line and explained the game plan for that final drive.
“I know what I’m going to do,” he told them. “Now you just get ’em out of the way, and I’ll handle the rest.”
Fletcher took a handoff on the first play of the drive, surged up the middle, dashed toward the sideline, fought off a pair of defenders and marched 56 yards downfield before he was dragged to the ground.
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Miami’s Mark Fletcher Jr. takes off for a 56-yard run late in 4th
Mark Fletcher Jr. is able to break free to set Miami up in field goal range.
He followed with runs of 2, 12, 3 and 2 yards to set Miami up for what became the decisive touchdown in the program’s biggest win in more than 20 years.
No one on the team was surprised.
“To see him have that success,” quarterback Carson Beck said, “I’m super happy for him. But it was very expected.”
Fletcher finished the game, a 10-3 win, with 172 yards rushing for an offense that managed just 278 yards total. On Dec. 31, Miami will face Ohio State in the Goodyear Cotton Bowl Classic (7:30 p.m. ET, ESPN).
In the chaos of the postgame locker room celebration, Fletcher went live on Instagram, holding up a T-shirt with his father’s face emblazoned on it, and the words that have come to define both his journey and Miami’s inspiration this season: “Long live Big Mark.”
It has been less than 14 months since Fletcher’s father, Big Mark, died in his sleep at 53. In the time since, Fletcher has reevaluated his outlook, refocused on his goals and relived so many memories of the man who helped make him into the glue that binds the Hurricanes together. He’s not playing for his dad exactly, Fletcher said, but it’s in these moments when he still feels closest to Big Mark.
So, yes, Fletcher knew what he was going to do on that final drive. He would do what his father always told him to do. He would put one foot in front of the other and fight for every inch.
“What he means to this team, it was a rough year for him, and he never flinched,” Miami coach Mario Cristobal said. “He’s the heart and soul of our football team. Everything he does is dedicated to his teammates getting better and his team winning. And he was the difference in this game. He just took over.”
LINDA FLETCHER WELCOMED as many fans to the Miami-Texas A&M game as she could, whether they were decked out in orange or maroon. She perched outside the stadium armed with signs — “Freight Train Fletcher” and “Long Live Big Mark” — and said hello to anyone she saw pass.
“I gave out 10,000 hugs,” she said. “And I love it.”
To understand Mark Fletcher’s outlook on the world, it helps to know who raised him.
“My other children always say, ‘Oh, she finally had her mini me,'” Linda said. “Mark’s ways are a lot like mine.”
There’s a group text for all the “Mamma Canes” to trade travel tips and hotel advice and just to talk football, but even amid the fanatical group of mothers, Linda stands out. A few are baffled by Linda’s willingness to engage the enemy at games but, as she sees it, everyone could use a little more love in their lives.
“I don’t know what my purpose is,” Linda said, “but they feel good, I feel good, and people are always talking about how much they love Mark.”
Linda hates flying, so she drives to each game, including the 1,300-mile journey from Fort Lauderdale to College Station for Miami’s playoff game against the Aggies. She has two older kids who live in Jacksonville, so she tries to stop there for the night, then ventures on in daylong chunks — to Syracuse and Dallas and Berkeley, California — stopping wherever she sees fit to experience a little of what the road has to offer.
Linda has tried to convince a few of the other Miami moms to join her on a road trip, but so far, she has had no takers. Occasionally someone will offer to buy her a plane ticket, and she laughs.
“I say they can buy me a tank of gas,” Linda said.
The dream, Linda said, is to buy an RV, so she can cruise America’s highways in style.
“Once Linda Fletcher pulls out in her big RV, that’s how you know we’ve made it,” she said. “I’m going to get me a big RV. I look forward to that. It’s on my bucket list.”
And yet, Linda is in no hurry to make the dream a reality. Mark Fletcher could move on to the NFL when Miami’s season draws to a close, but he has talked with his mom about the decision, and he wants to stick around. He loves Miami, and the program has been the salve that has made the past year bearable.
Mark Fletcher Sr. was “an inside dad,” Linda said. He never missed a practice. When the locker room opened to family, he was there. He was his son’s closest ally, but he was also a rock for Fletcher’s teammates.
“Him being around the building with the team, he was always cheering somebody up, always willing to talk to somebody,” Miami defensive end Rueben Bain said. “Of course, Mark lost him, but I feel like so many of us on the team lost him. Even myself. It’s crazy what the Fletcher family has done for this university.”
Fletcher said his dad served as a father figure for a number of his teammates who had grown up without one.
Linda said Big Mark was just a fun, outgoing person. He was someone people could trust.
And then, on Oct. 24, 2024, he was gone.
“We were broken inside,” Linda said. “My baby was broken. That’s the worst thing that ever could’ve happened, and I was nervous for him because I know how close him and his dad are.”
A few hours after Fletcher was marched into Cristobal’s office, where he was told his father had died, he was at practice. A week later, Miami was set to play rival Florida State. Fletcher insisted on suiting up for the game. The family rescheduled the funeral to accommodate it.
“We were crying our eyes out,” Linda said. “But funeral time, you know, it’s business. We had to go lay dad to rest. We’re not crying now.”
Then a procession of five buses arrived at the church. Every member of the Miami football program had come to say goodbye to Big Mark.
“We couldn’t keep ourselves together,” Linda said. “We thought it would be Mario and his family. The whole team? Think about that. For us. A little Black family from Fort Lauderdale. That was over the top.”
In the year since, Linda has been constantly amazed at how much football has been her center amid the grief.
She shows up for every practice now, except the ones at the tail end of the week before a road game. Then, she’s in her car, following some new stretch of highway. She gets to the games, and she holds up her signs, and she hugs a thousand strangers because, for her and for her son, the world is still full of love, even if one of their most important lights has gone out.
“It’s not always sad because we’re doing work that Big Mark Fletcher would so approve of,” Linda said. “It’s a bittersweet thing.”
During warmups on the field this past Saturday, before Miami played its biggest game in decades, Bain found Fletcher, and he hung an arm around his friend.
Bain wanted to soak in the moment with one of the teammates who had helped deliver Miami to this place — two of Cristobal’s early recruits who have helped engineer this new era.
Bain looked at his friend, patted his back and smiled.
“Long live Big Mark,” he said.
BEFORE FLETCHER’S DOMINANT final drive delivered Miami to the doorstep of the lone touchdown of the game, the Canes had another drive brewing. Fletcher had opened it with a 16-yard run, and, on the next play, Beck connected with star freshman Malachi Toney on a 12-yard completion past midfield. But as Toney fought for extra yardage, an A&M defender jarred the ball loose, and the Aggies recovered at their own 47.
Toney was heartbroken. He jogged to the sideline, took a seat on the bench and slumped over, believing he had cost his team the game.
“The second I saw him drop down,” Fletcher said, “I rushed over to him.”
In the weeks after Big Mark died, Fletcher spent his share of time slumped in his seat, too.
He had never wavered from football, but the problem was that Fletcher kept thinking about what his dad would’ve wanted. He thought about all the ways Big Mark had pushed him, motivated him, supported him. He was at Miami because of his dad, and now he felt he had to honor his father’s legacy. It was a weight, a feeling like his every step came in the shadow cast by the man who had set him on this path.
“I’d get so sad,” Fletcher said. “I’d cry before games.”
That sadness felt wrong though, Linda said. She admits, she still has her moments of overwhelming grief, but that’s not how the Fletcher family had ever lived. It’s in their DNA to find the light, even amid the darkest clouds. They are happy people, Linda said. Big Mark was happy.
“Big Mark helped build my son up to what he is today,” Linda said. “It gets sad that he’s not here in the flesh to follow this dream with us, but in the spiritual realm, we say he’s here with us. We just have to enjoy him in a different form. And that’s where our faith kicks in.”
So Linda and Mark and the rest of their family devised a slogan to help them honor Big Mark without remaining tethered to their grief: Keep going.
When his father was alive, Fletcher texted him daily. Usually his phone would chime a few minutes later with a note from Big Mark, offering inspiration. Nothing was owed to Fletcher, Big Mark would say. You have to earn it, then take it. Big Mark always understood how to push his son forward.
Looking back now, Linda sees it as part of Big Mark’s legacy. In his absence, he taught his family — and, really, an entire team — to keep putting one foot in front of the other, to keep living life to the fullest. Their story is not over yet.
Fletcher’s mission, Linda said, has shifted from being stressful to being purposeful.
“I think about him every single day, every second, honestly,” Fletcher said. “That’s what drives me. But I had to switch my mindset in how I’d think about him. That’s not how he’d want me to play this beautiful game of football. I just said, I miss my dad but he’d want me to go out there and have fun.”
So when Fletcher found his teammate slumped on the sideline after the worst moment of his young career, he knew exactly the right words.
Keep going.
“God just gave you some adversity right now,” Fletcher told Toney. “That’s all it is. Now let’s go win this game.”
Miami’s defense stuffed Texas A&M on three straight plays after Toney’s fumble. The Aggies punted it back to the Canes, Fletcher ran 75 yards on five plays, setting up Miami with a third-and-5 at the A&M 11.
On the next play, Beck tossed to Toney streaking across the backfield. Toney bolted around the edge, out to the sideline, past frustrated A&M defenders and into the end zone.
Keep going, and good things will happen.
“Week in and week out, Mark’s been the best guy in the building,” Bain said. “He’s always positive, always gives his best effort. He’s the leader we need him to be, but he’s just a good, righteous person, and he’s reaping what he sows. He gives his all, and he’s getting it all.”
But Fletcher remembers what his father always told him. He’s not owed anything. He is blessed. And, like his mother’s RV, he’s in no rush to seize the dream. He’s here, right now, with a chance to make his family proud and to play the game he loves.
He wouldn’t want to be anywhere else.
“I just know that every day I wake up breathing it’s another opportunity to make somebody else’s life better,” Fletcher said. “God blessed me to be in this position, and I just want to make an impact.”
U.S. President Donald Trump makes an announcement about the Navy’s “Golden Fleet” at Mar-a-lago in Palm Beach, Florida, U.S., December 22, 2025.
Jessica Koscielniak | Reuters
President Donald Trump on Monday said the U.S. will keep crude oil and tankers seized near Venezuela.
“We’re going to keep it,” Trump told reporters in Palm Beach, Florida after unveiling a new class of battleships named after himself.
“Maybe we’ll sell it, maybe we’ll keep it, maybe we’ll use it in the strategic reserve,” Trump said of the seized oil. “We’re keeping the ships also.”
Trump has ordered a blockade of sanctioned oil tankers entering or leaving Venezuela as he escalates pressure on President Nicolas Maduro.
The U.S. seized a large tanker on Dec. 10 that was carrying more than 1 million barrels of oil, according energy consulting firm Kpler. It intercepted a second vessel over the weekend. Trump confirmed Monday that the U.S. is pursuing a third tanker.
“It’s moving along. We’ll end up getting it,” Trump said of the tanker. “It came from the wrong location. It came out of Venezuela, and it was sanctioned.”
Trump said “it would be smart” for Maduro to step down when asked whether his ultimate goal is to oust the Venezuelan president.
Venezuela is a founding member of OPEC and has the largest proven oil reserves in the world. It is exporting about 749,000 barrels per day this year with more than half that oil going to China, according to data from Kpler.
The U.S. has staged a major military build up in the Caribbean. The Trump administration has launched deadly strikes on boats that it says were trafficking drugs to the U.S. The legality of those strikes is disupted and has been subject to scrutiny by Congress.
Trump threatened Monday to expand the strikes to land.
“We’ll be starting the same program on land,” he said. “If they want to come by land, they’re going to end up having a big problem. They’re going to get blown to pieces, because we don’t want our people poisoned.”
The Council of the European Union (EU) the European Central Bank’s (ECB) digital euro design,
A Friday document outlined the council’s position on the digital euro, including alignment with the ECB on launching online and offline variants simultaneously
ECB President Christine Lagarde that t rest with EU lawmakers
“It’s now for the European Council and certainly later on for the European Parliament to identify whether the Commission proposal is satisfactory, how it can be transformed into a piece of legislation or amended.”
The offline digital euro’s limitations
Documents reveal that a cash-like currency observers from linking multiple activities to the same user. The blueprint for the offline digital euro takes it up a notch by having transaction data never leave the direct participants.
The system is meant to allow authorized devices to transfer digital euro central-bank-signed tokens during in-person transactions.
tproximity requirement b. A relay attack an attacker places proxy devices near the receiving and sending devices to bridge the NFC signal over the internetwould be hard to avoi making some online non-proximity use by advanced users difficult to curtail.
An expert opinion piece by the European Data Protection Board admits that “the available countermeasures are very limited.” The document concludes that “we will not consider physical proximity as a property of cash that can be reliably enforced in a digital currency.”