Friday, June 13
Thursday, June 12
'Alien spacecraft' found at the bottom of Pacific Ocean
For years people have been looking to the skies for signs of alien life - but maybe, they should have been looking at the bottom of the ocean this whole time.
A Harvard physicist has claimed that parts of an alien 'spacecraft' could have been uncovered under the sea.
Professor Avi Loeb set off on a search along the bottom of the Pacific Ocean and found 50 iron pieces which originated from the IM1 meteor.
Headlines
Xinhua News Agency/Getty Images
Trump says China trade deal that includes rare earths “is done.” While the full details of the framework of a deal reached in London this week to deescalate trade tensions between the US and China haven’t been made public, President Trump posted on Truth Social that it would include China easing restrictions on exports of the rare earth minerals and magnets US manufacturers need “UP FRONT.” The Wall Street Journal reports that this easing will only last six months. Trump’s post also said that tariffs on China would be at 55%, which appears to include the 10% rate Trump has put on all imports, the 20% duty Trump recently added over fentanyl trafficking, and the ~25% tariffs that remain on China from Trump’s first term. Meanwhile, he said China will set a 10% levy on US goods. He also said the deal would allow Chinese students to attend US universities. Trump and China’s Xi Jinping must still officially sign off.
Inflation rose less than expected in May. As of last month, President Trump’s tariffs had yet to deliver the significant price spikes economists feared they would bring, new consumer price index data released yesterday shows. The CPI rose by just 0.1% for the month, putting the annual inflation rate at 2.4%, which is less than was anticipated after businesses warned that tariffs would force them to raise prices. But the lack of impact from tariffs may simply reflect that many of them have been paused and that businesses stockpiled inventory to prepare, so they could still spur inflation down the road. Still, Vice President JD Vance echoed the president’s call for the Fed to cut interest rates, calling a failure to do so “monetary malpractice.”
Regrets? Elon Musk has a few. In a surprisingly relatable move from the world’s richest person, Elon Musk tweeted at 3am yesterday, “I regret some of my posts about” President Trump, saying “they went too far.” In case you spent last week on a darkness retreat: Musk and the president had a public falling out on social media, with Musk accusing Trump of being connected to Jeffrey Epstein and calling for his impeachment, and Trump suggesting the US yank government contracts from Musk’s companies. Less relatably, the Wall Street Journal reports that Musk’s remorse came after a phone call from Vice President Vance and White House Chief of Staff Susie Wiles urging him to stand down. He also reportedly spoke to the president before posting. But like all of us after a breakup, Musk is also throwing himself into work: He announced Tuesday that Tesla will debut its self-driving car service in Austin as soon as June 22.—AR
Robert Reich
We may disagree on many things, but we stand together on the fundamentals.
Friends,
We are relearning the meaning of “solidarity.”
This week, across America, people have been coming together.
We may disagree on immigration policy, but we don’t want a president deploying federal troops in our cities when governors and mayors say they’re not needed.
We may disagree on how laws should be enforced, but we don’t want federal agents to arbitrarily abduct people off our streets or at places of business or in courthouses and detain them without any process to determine if such detention is justified.
Or target hardworking members of our community. Or arrest judges. Or ship people off to brutal prisons in foreign lands.
We may disagree on freedom of speech, but we don’t think people should be penalized for peacefully expressing their views.
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