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V Capri Palm Springs Unveils Multi-Million Hotel Renovation
V Capri Palm Springs partners with sbe Entertainment Group for a major renovation, adding a new pool, restaurant and refreshed rooms.
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?
AI slop movies are the new direct-to-video cash grabs
An AI startup is trying to capitalize on the hype for Nolan’s The Odyssey.
Windows 0-day drops the same day Microsoft releases record number of patches
HiveLegacy is a "powerful primitive" that's likely capable of other nefarious actions.
Pete Prisco: 3 Bills Land On CBS Sports Top 100 Players For The 2026 Season
CBS Sports Senior NFL Columnist Pete Prisco joined One Bills Live to recap and dissect his Top 100 players for the 2026 season. He shared his overall thoughts on the Bills roster this season, the new leadership under Joe Brady and the defensive scheme wit
Can a state be ‘best for business’ while restricting abortion?
Business advocates say reproductive rights are a workforce issue, arguing that state rankings fail to capture how abortion restrictions affect employees.
How do Hurricanes build on run to title game? ‘Shut up and work,’ Cristobal says
‘Last year’s team isn’t this year’s team. We’ve got a new team. ... We’re learning our new identity and understanding ourselves.’
Two Triangle hospital systems considered for key State Health Plan status. Who got it?
Duke Health and WakeMed were under consideration for the plan’s new access tier as officials worked to finalize the 2027 network.
Newcomer Creamery Gains Outdoor Entertainment License
Salt & Honey Creamery, a craft gelato parlor that recently opened at the former location of Sweet Caroline’s Ice Cream, has been granted an entertainment license by Sandwich Select Board.
Netflix tries to recapture Stranger Things magic with nostalgic re-release
It’s even more ‘80s now.
Eleven Sports Media, Arizona Cardinals Partner To Drive Impact For Local Businesses
Arizona Cardinals Official Team Website I Arizona Cardinals – AZCardinals.com
Eleven Sports Media, Arizona Cardinals Partner To Drive Impact For Local Businesses
Arizona Cardinals Official Team Website I Arizona Cardinals – AZCardinals.com
AHA comments on health bills considered during House committee markup
The AHA provided a statement to the House Ways and Means Committee for a markup July 15 on various pieces of health legislation. The AHA offered feedback on the Health Care Price Certainty for All Americans Act, which would codify and expand hospital price transparency requirements.
How Clean, Accessible Data Powers Agentic AI Workflows and Better Business Decisions
Over the past few months, conversations with customers, partners, and peers — including at the recent Databricks Data + AI Summit — have surfaced a consistent set of shifts happening across the analytics and data landscape.
3/4 of small businesses don't trust AI for basic tasks
Bluevine reports that while 74% of small businesses are using AI tools, 82% face barriers like data security concerns, and 78% don't fully trust AI for basic tasks.
Indonesia's New Capital Is Changing the Borneo Rainforest Forever. Science is Listening to the Change
Indonesia is building a new capital city in the heart of Borneo to replace sinking Jakarta. As construction transforms one of the world's most biodiverse rainforests, scientists and their indigenous collaborators are racing to record the sounds of the forest—and preserve generations of ecological knowledge before it's lost.
Fantasy Football Sleepers, Busts & Predictions: 2026 Las Vegas Raiders
The Raiders have been the ultimate coaching carousel in recent history. The team hasn’t had the same head coach in consecutive full seasons since Jon Gruden captained the ship in 2019 and 2020 (and, not that it applies to on-field…
Taxes, paid leave program on minds of N. Va. business leaders after General Assembly session
Optimism among Northern Virginia business leaders is improving, although some expressed worries about taxes and the state's approval of a paid family and medical leave program. That's according to the second-quarter 2026 Business Leader Survey released last week by the Northern Virginia Chamber of Commerce and public relations firm Pinkston, revealing the sentiments of the
Player availability report, presented by Orlando Health Jewett Orthopedic Institute: Orlando Pride vs Boston Legacy FC
Here is this week's player availability report, presented by Orlando Health Jewett Orthopedic Institute, for Wednesday's home match vs Boston Legacy FC
Texas Capital upgrades AMC Entertainment stock rating on debt progress
Texas Capital upgrades AMC Entertainment stock rating on debt progress
The Kidzeum of Health and Science turns 8 this Saturday
It's been 8 years since the Kidzeum of Health and Science opened up, and ever since then it's been a staple of downtown family fun!
The Kidzeum of Health and Science turns 8 this Saturday
It's been 8 years since the Kidzeum of Health and Science opened up, and ever since then it's been a staple of downtown family fun!
Cape Cod restaurants: New cocktail spots and cafes open in two towns
New cocktail spots and cafes are opening across Cape Cod, including a speakeasy-style lounge in Falmouth.
Congressional earmarks: Merit and politics play a role in who gets funding
Rep. Nick LaLota said he'd withhold funding from a town over its ban on police cooperation with federal immigration enforcement.
Here’s What Northcoast Thinks About Six Flags Entertainment (FUN)
Six Flags Entertainment Corporation (NYSE:FUN) is one of the best small cap stocks to buy with the highest upside potential. Six Flags Entertainment Corporation (NYSE:FUN) received a rating update from Northcoast on July 8, with the firm initiating coverage of the stock with a Neutral rating. For reference, in its financial results for fiscal Q1 […]
Annual Reviews expands conference capabilities with Underline Science acquisition
Deal will strengthen ability to serve communities by combining its established publishing and convening activities
UMass Chan scientist receives award to develop AI capable of identifying neuron types
AI project at UMass Chan strives to identify different neuron types from 3D images and video
Daniel Ek’s Neko Health Raises $700 Million From Billionaires, Celebs
Neko Health, Daniel Ek’s startup developing body-scanning technology, has raised $700 million from venture capitalists, billionaires and celebrities to open new facilities, including one in New York later this year.
MLB All-Star Game: Braves Players Recap
The Braves had five all-stars in the game, and four of them played.
Capitals sign 2026 1st-rounder to entry-level contract
Washington's top pick from this year's draft is already locked up, even before he steps foot in the NHL.
Ravens Named ESPN’s Sports Humanitarian Team of the Year
The Ravens were honored for their comprehensive work with youth development in Baltimore.
New York politicians defend thwarted meeting with Iran
The State Department quashed the engagement, with an official telling Spectrum News it was “unconscionable.”
Heastie hopeful Hochul will sign data center bill despite executive order
“We’re going to continue to look at getting a bill signed into law,” Assembly Speaker Carl Heastie said at an unrelated event in the Capital Region Tuesday.
How Trash Rangers went from local startup to regional player
When Jake Poche launched Trash Rangers in 2018, the idea was simple: reliable service from a company that would actually show up when it said it would. Today, that same promise has carried the business from a residential garbage service in Ascension Parish into a regional waste provider that stretches across the Capital Region — […]
MLB All-Star Game caps off summer of sports, celebrations in city: "Philadelphians are the MVPs of this summer"
Preliminary ACAP test scores show improving science, stagnant ELA and math scores
The Alabama State Board of Education is sharing preliminary data on spring 2026 test scores for the Alabama Comprehensive Assessment Program (ACAP).
Preliminary ACAP test scores show improving science, stagnant ELA and math scores
The Alabama State Board of Education is sharing preliminary data on spring 2026 test scores for the Alabama Comprehensive Assessment Program (ACAP).
Public Health students present capstone research
The next generation of public health leaders took the spotlight July 13 as Master of Science in Public Health (MSPH)… More on this post
Sen. Ted Budd discusses Iran, Helene recovery funds and Graham
Capital Tonight guest host Reuben Jones had the opportunity to speak with North Carolina Republican Sen. Ted Budd as both the House and Senate get ready to tackle some big issues.
Prosperity Partners gets new private equity ownership to fuel expansion
CEO Jeremy Dubow says the Chicago accounting firm is ready to take “big swings” on M&A with the majority investment from New York-based Lightyear Capital.
Supreme Court justices explain increased use of shadow docket
Justices Amy Coney Barrett and Elena Kagan testified on Capitol Hill on Tuesday
Wall of Entertainment Taps Chronicle Media to Power Audience Discovery and Growth for Its First U.S. Series
How do you find the exact viewers a new show is built for and turn them into a loyal, growing audience? That question is at the heart of a new multi-series p...
Silverstein brings emo favorites to Capitol Theatre
Emo band Silverstein will bring familiar favorites and new songs to Capitol Theatre on Saturday, July 18.
GOVERNOR MEYER LAUNCHES DELAWARE COMMERCIAL CORRIDOR INITIATIVE TO SUPPORT SMALL BUSINESSES
Governor Matt Meyer joined Delaware Division of Small Business Director CJ Bell to launch the Delaware Commercial Corridor Initiative (DCCI), a new statewide program designed to help small businesses improve their storefronts, buildings and operations while revitalizing Delaware's downtown and commercial districts. The initiative pairs targeted grant funding with capital from lending institutions to drive visible improvements. Through DCCI, the Division of Small Business will invest $4.5 million in state Strategic Fund dollars to help existing brick-and-mortar small businesses make property and equipment improvements that strengthen their businesses and improve the appearance of commercial corridors.
New England Patriots Dealt Harsh Linebacker Verdict in NFL Rankings
The New England Patriots spent the past two seasons rebuilding a defense capable of carrying a contender.NFL evaluators still see a weakness right in the middle of it.No Patriots player appeared in ESPN’s ranking of the NFL’s top 10 off-ball linebackers for 2026. New England also failed to place anyone among the honorable mentions or […] The post New England Patriots Dealt Harsh Linebacker Verdict in NFL Rankings appeared first on HEAVY.
Columbus Marketing Experts Launches Specialized Web Development and AEO Upgrades to Stop Local Business Traffic Losses
Hilliard, OHIO, July 14, 2026 (GLOBE NEWSWIRE) -- The local search landscape has fundamentally fragmented. With the rapid acceleration of AI Ove...
Iconic Boston pub opens massive entertainment venue, outdoor bar on Cape Cod
Cape Cod has a new spot for frozen cocktails, live music and lawn games — and one of Boston’s best Irish pubs is behind it.
Weekly women’s sports recap (7/10)
Here's a recap of Portland women's sports from the week of July 10.
T. rex fossil sells for a monster price tag at NYC auction
One of the most complete fossils of the dinosaur that has captured humanity's imagination sold for millions during Sotheby's Natural History auction.
Bennett unveils tax plan in Maine governor’s race
Bennett said he also wants a state panel to study a program in Vermont that caps property taxes at a percentage of household income.
Supreme Court justices making rare appearance on Capitol Hill
Justices Amy Coney Barrett and Elena Kagan are testifying before the House Appropriations Committee and Senate Appropriations Committee.
Johnson scores win as conservative rebels end House floor blockade over voter ID bill
House conservatives blocked legislation to pressure Senate action on the SAVE America Act, but Speaker Mike Johnson proposed a deal to end the standoff.
Doctor of Health Sciences students celebrate culmination of academic journey
Campbell University’s Doctor of Health Sciences program celebrated a major academic milestone as 27 students gathered to present their capstone… More on this post
988 Enters Its Fourth Year as Demand Grows and the Mental Health and Substance Use Landscape Shifts
Data as of March 2026 show that demand for 988 continues to rise, with the volume of calls, texts, and chats 15% higher than a year earlier and nearly 50% higher than two years ago. States are also answering more calls in-state, where counselors are more likely to be familiar with local resources.
Yankees prospects: Week 16 minor league recap
We’re getting close to a big inflection point of the minor league season.
PMOS vs. PCOS
The name change of a hormonal condition - from Polycystic Ovary Syndrome (PCOS) to Polyendocrine Metabolic Ovarian Syndrome (PMOS), could improve diagnosis and treatment.
Flex Raises $70 Million To Put Business Banking On Stablecoin Rails
Invisible stablecoin rails are making cross-border banking faster for business owners. Flex has raised a $70 million Series B1 to capitalize on the shift.
Vaccine skeptic Dr. Ryan Cole to stay on board of Idaho’s largest public health district
Dr. Ryan Cole, an Idaho pathologist who has been a vocal critic of COVID vaccines, is staying on the Central District Health board.
Courts won’t settle the fight over AI and creative work: Politics will
“We’re going to live in a world where all of the capital and power concentrates into the hands of five or six companies. That’s not a free society. That’s
Space shuttle photobombs Earth for the final time, 15 years ago
This 2011 astronaut photo captured one of NASA's iconic space shuttles passing between Earth and the International Space Station for the very last time.
Surveillance captures thieves steal personal watercraft from Miami Gardens business
The owners say thieves cut through a fence and drove onto the property before taking the watercraft.
Fans of the Arctic
Sediment eroded from ice-capped mountains splays out across a broad river valley on Russia’s Severny Island.
Austin Reaves, Sandro Mamukelashvili are helping Lakers' cap situation
Austin Reaves and Sandro Mamukelashvili did something with their contracts to help give the Lakers some added salary cap flexibility.
Billionaire Kumar Birla’ To Buy Shell’s Indian Renewable Business In $1.8 Billion Deal
The acquisition of Shell's renewable energy business in India will more than double the Aditya Birla Group's renewable energy capacity to almost 10 gigawatts.
NFIB Podcast Features Washington, Oregon Business Owners
National Podcast Featuring Washington State Director Patrick Connor
Graham’s Death Complicates G.O.P. Agenda in Congress
Senators returned to the Capitol mourning their colleague, who played pivotal roles on multiple issues confronting lawmakers.
NASA's Perseverance just completed a marathon on Mars
NASA's Perseverance rover has reached an impressive new milestone on Mars, completing the equivalent of a full marathon by driving 26.2 miles (42.195 kilometers) across the Red Planet. It accomplished the feat in just five years and four months, reaching the distance on its 1,890th Martian day, less than half the time it took the previous record holder, NASA's Opportunity rover.
This dinosaur fossil captures the final moments of a T. rex attack
A fossilized Edmontosaurus skull with a Tyrannosaurus tooth still embedded in its face has given scientists rare evidence of a dramatic predator-prey encounter. The discovery suggests the giant carnivore delivered an incredibly powerful face-to-face bite, offering new clues about how Tyrannosaurus hunted.
World Cup continues to delight us
When the World Cup rolls around every four years, I settle in. Greece didn’t qualify and I always had my doubts about the U.S. squad, so I quickly adopted Cape Verde as my team. I wasn’t alone, which is why it was impossible for me to fully get on the bandwagon and buy their jersey. […]
Businesses struggling as evacuated Glen Burnie office building remains closed
Businesses are struggling amid the temporary closure of a Glen Burnie office building. “If we don’t see patients, we don’t get paid,” one business owner said.
How Lindsey Graham’s death quickly changes a busy Senate: From the Politics Desk
Plus, the latest on the war with Iran.
ESPN Blames Human For Headline Error in AI Article
ESPN has been using AI to write certain game recaps since 2024.
Siri AI is already changing how I use my iPhone
Its full capabilities require heavy developer support, so the public beta feels more like a glimpse at the future.
Start your business with Chicago's free entrepreneur certificate program | ChicagoLIVE
Want to learn more about getting your business off the ground? Ivan Capifali, commissioner of the Chicago Department of Business Affairs and Consumer Protection, joins ChicagoLIVE to discuss the city's free Entrepreneur Certificate Program and how you can get involved.
Uber Blew Its Whole 2026 AI Budget By April. Small Businesses Are Next
Uber spent its 2026 AI budget in four months. Anthropic built spend caps into Claude Enterprise. The cap-and-trace playbook small businesses need now.
The Quintessential Trump-era Politician
In 2020, I wrote an article about collaboration and collaborators. The title was History Will Judge the Complicit, and it started with the story of two famous East Germans, Markus Wolf and Wolfgang Leonhard, who both landed in East Berlin just after the end of the war. Although they came from very similar backgrounds, the former stuck with the regime, eventually becoming its spy boss; the latter, horrified by the brutal reality of Soviet-style communism, escaped. By way of juxtaposition, I also wrote about Lyndsey Graham and Mitt Romney. These two men also made very different decisions when confronted by Donald Trump’s assault on the ideals that they had both grown up believing: A glance at their biographies would not have led many to predict what happened next. On paper, Graham would have seemed, in 2016, like the man with deeper ties to the military, to the rule of law, and to an old-fashioned idea of American patriotism and American responsibility in the world. Romney, by contrast, with his shifts between the center and the right, with his multiple careers in business and politics, would have seemed less deeply attached to those same old-fashioned patriotic ideals. Most of us register soldiers as loyal patriots, and management consultants as self-interested. We assume people from small towns in South Carolina are more likely to resist political pressure than people who have lived in many places. Intuitively, we think that loyalty to a particular place implies loyalty to a set of values. But in this case the clichés were wrong. It was Graham who made excuses for Trump’s abuse of power. It was Graham—a JAG Corps lawyer—who downplayed the evidence that the president had attempted to manipulate foreign courts and blackmail a foreign leader into launching a phony investigation into a political rival. It was Graham who abandoned his own stated support for bipartisanship and instead pushed for a hyperpartisan Senate Judiciary Committee investigation into former Vice President Joe Biden’s son. It was Graham who played golf with Trump, who made excuses for him on television, who supported the president even as he slowly destroyed the American alliances—with Europeans, with the Kurds—that Graham had defended all his life. By contrast, it was Romney who, in February, became the only Republican senator to break ranks with his colleagues, voting to impeach the president. “Corrupting an election to keep oneself in office,” he said, is “perhaps the most abusive and destructive violation of one’s oath of office that I can imagine.” In the wake of Graham’s unexpected death on Saturday, I wrote about him again. He was, in many ways, the quintessential politician of Trump’s Washington, a man who shifted 180 degrees. Graham had been a fervent American patriot, proud reserve officer and military lawyer; he became one of the most important defenders of a president who believes soldiers are “suckers and losers” and shows no respect for law of any kind. As his politics changed, his language grew coarser and his behavior grew worse: He urged Israel to “level the place” in Gaza, and insulted the Danish prime minister in Munich, prompting a colleague, Senator Elissa Slotkin, to issue an apology. Here’s an excerpt from the article, which you can read in The Atlantic (gift link here) Like his close friend John McCain, Graham believed that America should stand at the center of a broad democratic alliance. The few times I met him were in that context, at the Munich Security Conference or at other European-American gatherings, which he once attended with great regularity. He also took seriously the practice of American democracy at home. In a 2014 conversation with The Atlantic, he described himself as a pragmatic politician who eschewed populist slogans. “I know Washington is broken, but what’s broken about it is everybody yelling and nobody trying to fix it,” he said. “I’m trying.” When Donald Trump first appeared in U.S. politics, Graham recognized him immediately for what he was: the spokesman for an alien ideology, one radically different from the idealistic patriotism that Graham had practiced and preached since childhood. Trump privately mocked the military that Graham loved as nothing but “suckers and losers.” He put falsehoods, cynicism, and personal greed at the center of his politics, while expressing disdain for transparency, accountability, and democracy itself. In 2015, Graham described Trump as a “race-baiting, xenophobic, religious bigot” who should “go to hell.” Also as a “nutjob.” When Trump won, Graham understood, as did so many others, that he would have to make some important choices. For a while, he went silent. In the spring of 2016, I saw him at one of those conferences in Europe. He seemed too depressed to speak. But then, like many other Republicans—and, more important, like many other people who have lived under political occupation or experienced radical regime change—he made the decision to abandon his previous ideals, to bury the patriotism that was once so important to him, and to become, instead, a loud, opportunistic collaborator. As I wrote in 2020, it’s very hard to look in to anyone’s heart and to understand their motivations from the outside. But it does seem that Graham had a deep need to be relevant, to be in the game, to be a player, at any cost. And that, rather than any particular achievement, is what he will be remembered for. Continuing to monitor conflicts of interest, ostentatious emoluments, outright corruption and policy changes that will facilitate outright corruption. (Read my original article, Kleptocracy Inc and check out the SNF Agora Institute chart) June 27 Trump diverted funds from more than 900 projects nationwide—including safety upgrades at national parks—to finance beautification projects around Washington, including $700,000 used to fix a White House walkway. June 28 After a years-long Department of Justice investigation into Abbott Laboratories over its management of a baby formula facility where potentially deadly bacteria turned up enough evidence to criminally charge the firm, top department officials instead opted for a financial penalty—illustrating the department’s move away from strict corporate enforcement under the Trump administration. June 29 Defense Secretary Pete Hegseth stacked the Defense Policy Board—which is charged with providing independent national security recommendations to the Office of the Secretary of Defense—with Trump allies, including tech billionaire Marc Andreessen, who has invested in defense contractors like OpenAI and SpaceX, after purging the panel last year. Trump purchased between $1 million and $5 million worth of stock in Axon—which makes about 90% of US tasers—two weeks before ICE solicited bids for a $220 million taser contract. The White House unveiled limited-edition US passports for America’s 250th birthday, featuring a portrait of Trump overlaid on the Declaration of Independence. June 30 Trump made around $1.2 billion from his various crypto companies last year, including more than $500 million from World Liberty Financial and $600 million from sales of his meme coin. Trump is considering issuing 250 pardons to commemorate America’s 250th birthday. These are expected to be largely doled out through the Office of the Pardon Attorney’s informal network of intermediaries. White-collar defense attorneys say they can typically win pardons for clients for $2 million. Last year, Trump administration officials awarded a no-bid contract worth up to $500 million to Clark Construction for the White House ballroom—negotiations in which the president was directly involved. July 1 The Amazon MGM Studios documentary about Melania Trump earned the First Lady more than $10 million. Trump made hundreds of individual stock purchases worth as much as $12.8 million the day before his announcement pausing “Liberation Day” tariffs for 90 days sent the S&P 500 soaring nearly 10%—one of the largest single-day gains ever. Mar-a-Lago and Trump National Doral saw record surges in revenue during Trump’s first year in office, earning $77.5 million and $121.9 million respectively, compared to average annual revenues of $25 million and $75 million during Trump’s first term. Entities across the Persian Gulf paid more than $300 million to Trump’s businesses last year, including $263 million from the sale of half his stake in World Liberty Financial to a firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, a top UAE royal and brother of the country’s president. Kash Patel failed to properly disclose his stock purchase of a Department of Justice contractor, MicroStrategy, worth up to $250,000 last year, despite laws requiring disclosure within 45 days of the trade. July 2 Trump has been directing administration officials to steer more government contracts—so far worth more than $2.4 billion—to Jeff Bezos’s Blue Origin aerospace firm, after Amazon gave $1 million to Trump’s inaugural fund, donated to the White House ballroom project, and reached a $40 million deal to license a Melania Trump documentary. Alongside the billions he made from cryptocurrency last year, Trump earned millions of dollars from real estate licensing fees, including $21 million from organizations in the UAE and $9.2 million in Saudi Arabia, along with smaller sums from merchandise sales, including $4.7 million from Trump Watches and $35,920 from 45 Guitar, a guitar brand endorsed by the president. House Democrats accused consultants tied to the Trump administration of financial fraud, alleging they gave prospective donors to America250—the bipartisan committee created by Congress to celebrate the nation’s semiquincentennial—the banking and routing numbers for Freedom 250, the White House’s fund for events like the UFC cage fight. Democrats also allege that Freedom 250’s CEO traveled to the World Economic Forum in Davos to solicit donations from foreign government officials and business leaders. The Trump administration’s proposed rollback of gun regulations would lift the prohibition on mailing handguns to individuals, a significant win for GrabAGun—the direct-to-consumer firearm retailer on whose board Donald Trump Jr. sits and in which he holds a 1.1% ownership stake. GrabAGun currently must rely on a middleman to transfer firearms to customers. Trump’s financial disclosure revealed that he made more than 21,000 securities trades during his first year back in office, growing his investment account to at least $858 million across stakes in around 1,600 companies, compared to the 13 total trades Joe Biden made during his entire presidency. July 4 Nearly 1 million people who bought the president’s meme coin—Trump Coin—collectively lost $3.8 billion on the token, while he walked away with $636 million. July 6 Shares of Dell closed up 4.4% after Trump recommended people buy the firm’s computers during a speech announcing the launch of Trump investment accounts for children, boosting the more than $1 million worth of shares the president owns in the company. July 9 Federal Reserve Chair Kevin Warsh named crypto investor and Trump ally Marc Andreessen to a task force aimed at modernizing the Federal Reserve, including rethinking its approach to inflation—a key factor keeping interest rates elevated. Palm Beach International Airport has officially changed its name to Trump International Airport—a move that will require Florida to pay royalties to the president’s family for licensing his name. I was there a few months ago, during a trip to Barcelona. The sculptures were a revelation, I’d never seen so many together before. Each one has its own personality. Enjoy the good weather, if you are lucky enough to have it. History Will Judge the Complicit The Quintessential Politician Autocracy Inc Open Letters, from Anne Applebaum is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
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