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The anniversary of the Oct. 7 Hamas attack and the three-year, U.S-funded Gazan genocide it ignited marks the birth of a dark new world where "the unthinkable has become banal," where many thousands of damaged Palestinian children - homeless, toy-less, traumatized, unschooled, with mournful questions about a lost world - have been given only "tents, hunger, and rubble as answers." Zohran Mamdani on the arduous, unfulfilled task before us: "There must be room to mourn every single life."
Precisely one year into what over 100 human rights organizations around the world call "a ceasefire in name only," Gaza remains "Ground Zero" in the ethnic cleansing of Palestinians. In the last three years, Israeli strikes have killed at least 74,254 people, including over 21,500 children, and wounded 175,000 more, killing or wounding more than 1 in 10 of Gaza's pre-war population; health officials estimate tens of thousands more dead remain buried beneath Gaza's 61 million tons of rubble. Since the start of the so-called ceasefire on Oct.10 of last year, at least 1,470 more Palestinians have been killed, including nearly one child a day. No hospital is fully functional, over 1.4 million Palestinians face crisis-level hunger and most Gazan families remain trapped in a devastating cycle of loss, grief, deprivation and uncertainty.
Reports seeping out from a still-mostly-blockaded Gaza describe "entire worlds wiped out" - extended families, neighborhoods, over 80% of all buildings, resulting in nearly 1.9 million Palestinians displaced. Gaza's missing, or last seen detained, handcuffed, tortured, naked, haunt those who survive: "We don't know whether to mourn them or wait for them." During occasional prisoner swaps, Israel hands over images or remains of decomposing bodies of detainees, many handcuffed, blindfolded, missing limbs, clearly tortured. Parents scroll or search through them, all that's left of a long-missing son: "How did I become a mother who hopes to find her child among mutilated corpses? My dream was to hug him. Now I pray simply to bury him."
Others relive brutality they withstood: fires, bombings, multiple evacuations, sights, smells, sounds of phosphorous bombs, drones, tanks; the terror of running to an outhouse fast enough not to "be sniped," as bombs fall the uneasy sleep close enough to outside walls that, if buildings fall, neighbors can dig them out or at least bury them, the first up-close sight of Israeli soldiers swathed in armor, looking "invincible." The orders to strip to underwear, blindfolded, tightly handcuffed behind backs; kneeling on ground of broken glass and rubble; insults, beatings, cold relieved only when their own warm welcome blood from punches runs over them. Trying to pray or sleep, hallucinating "between life and death," when blankets, speaking, changing position is forbidden: "Everything was forbidden except breathing and swift death."

And always there are the children, Gaza's "lost generation," roughly 700,000 students left behind by three years of war and deliberate “scholasticide" that have destroyed 95% of their schools, turned the rest into shelters for the displaced, killed over 20,000 students and 1,000 teachers, seen books burned for fuel for warmth or cooking. At the start of a new school year, the UN and its partners have set up over 500 tent sites - no desks, chairs, books, water, ovens in summer, freezing in winter - to serve up to 100,000 hungry, shell-shocked students struggling to focus in an attempted return to a "normal life" they can't imagine, who've grown up falling asleep to the sound of bombs, "their entire existence one of life amid rubble, tents, stones and sand," writes Tareq Hajjaj of kids often too young to remember what a home or school was.
Hajjaj fled for Cairo in 2024 so his only child wouldn't "grow up believing the whole world looked like Gaza." He left behind 15 nieces and nephews whose "expectations for ordinary life" he's seen shrink; on one video call, a six-year-old nephew saw him sitting on a sofa and asked how he fit it in his tent, and they dream only of a bigger, dryer tent. In the occupied West Bank, residents likewise endure new Israeli gates that turn villages into "an effective cage," Bedouin families are expelled, settlers steal land, livestock, homes, olive groves harvested by Palestinian generations past. This is not a Palestinian "superhuman capacity" for resilience, Hajjaj argues, but "the ordinary human behavior of people who have no other choice, who are left alone to their fate." To cope, they dismiss the hardship with “aadi,” Arabic for normal -"it is what it is" - but "there is nothing normal about it."

In a deeply complicit America that contributed over $30 billion to the enduring carnage, the truth of what our blood money has wrought slowly seeps out. Last month, the New York Film Festival premiered NAZA, the Guardian-produced documentary by two Israeli filmmakers that offers a grim "Window Into Systems of Mass Killings" in a Gaza where rabid Zionists argued there are "no innocent people." NAZA, the Hebrew acronym for civilian deaths as high as 500 for one legit target, presents damning testimony from 24 Israeli soldiers, faces obscured from Israeli retribution, who veer from naming their genocidal acts to rationalizing them through performative nods toward their guilt - a longtime form of Israeli sort-of-moral-reckoning with state violence known as "shooting and crying" that critics dub "addiction to the mediated obscene." The film will stream for free in November on The Guardian website.
This week, New York Mayor Zohran Mamdani proffered a more heartfelt, equitable reckoning with what remains "a moral tear in the universe" by attending a peace vigil and press conference to commemorate the grim anniversary. As expected, he caught flak from both sides when he called out both Hamas' “horrific war crimes” - he's a Muslim "traitor" - and Israel's “devastating, ongoing genocide” - he's an "anti-Semite." Calmly, he noted, he "signed up for this," and will continue to insist on it, citing the need to equally mourn and extend human rights to the over 1,100 Israelis killed and 74,000 Palestinians subsequently killed. "This is part of what it means to believe in a sense of humanity, " he said. "We need not choose between which death we will mourn and which we will ignore, and we must reckon with the fact that all of it is to be opposed.”

Further glad proof of that reckoning was the awarding of the 2026 Nobel Peace Prize to “Navi” Pillay, 85, South African jurist, former U.N. human rights chief and member of the ICC who has led decades-long fights seeking accountability for apartheid, wartime rape and most recently the Gaza genocide. The Nobel committee cited Pillay's “exceptional courage”; noting her last report naming Gaza a genocide, she responded, "Why would you need courage to speak the truth?" Fittingly, Pillay learned of the award while at Germany's Nuremberg Forum, where Nazis went on trial in 1945: "I was sitting here minding my own business, listening to the panel present their research, because you’re always learning.” When colleagues applauded her, Pillay won the Internet by slyly adding, "Thank you so much. If you clap a little more, I may share this prize with President Trump."
Last year, Pillay was also awarded the Sydney Peace Prize. She dedicated it to “all the survivors of international crimes” and to “defenders of international justice (who) ensure that impunity will not be allowed to reign.” Joining her righteous fight is Mosab Abu Toha, a Palestinian writer and poet from Gaza and winner of the 2025 Pulitzer Prize for Commentary. Recently, per Zeteo, Toha wrote A Letter of Sympathy to the President of the United States after he saw posts online mocking Trump when he was seen wincing at the “deafening sound" of a military flyover for his autocrat bestie Chinese President Xi. "I didn’t like the tone of many of those posts,” Toha wrote. "I don't blame you for such a reaction/ I have reacted like this, and worse, hundred of times..."
To wit:
"My parents, wife, kids, and siblings have too.
So all of us now
know how
that sound feels.
In 2008, I was 16
on the roof of our house in Beit Lahia,
standing with my father, watching his pigeons in their coop,
when an Israeli, U.S.-made F-16
flew low, like a shaving machine,
before razing a neighborhood.
I panicked at its piercing shriek,
but also at the sight of the missiles
mounted beneath its wings.
But Mr. President, all of us, except you, know
the screech of a missile
or the blast of an explosion.
Do you know what’s louder than the screech and the blast?
The voice of a mother in Jabalia Camp,
begging me on October 31, 2023,
to search for the bodies of her husband and children
under the rubble
not just of her house,
but of the entire neighborhood.
The desperate pleas of 5-year-old Hind Rajab
from her uncle’s car in January 2024,
and the 335 bullets fired at her
before, during, and after the call.
The trickle of tears on the cheek of a father
who returned with no bread for his kids in a tent
in Khan Younis, and the screams of an infant
whose mother’s breast had dried up.
The heartbeat of 18-year-old Ahed
as her uncle, Dr. Hani Bseiso,
amputated her leg on a kitchen table,
without anesthesia.
It was dark!
The grinding footsteps of Dr. Hussam Abu Safiyya
as he walked toward the tank in his white coat.
I can hear the sound of his disappearance.
And I can still hear and hear more!
But do you know what will be much louder than all?
The sound of the gavel
in the court of justice."
A coalition of environmental groups filed a lawsuit Friday seeking to block the Trump administration's rollback of fuel efficiency standards, which they called a "giveaway" to the oil and auto industries.
Earlier this week, the US Department of Transportation finalized a rule weakening Corporate Average Fuel Economy (CAFE) standards, which require automakers to increase the fuel efficiency of their vehicles each year.
The Biden administration required annual fuel-efficiency improvements aimed at bringing the average for new vehicles to 50.4 miles per gallon by 2031. Under the Trump administration’s new rule, the 2031 requirement would fall below the 35.4 mpg already achieved by the 2024 fleet, according to the National Highway Traffic Safety Administration's (NHTSA) own analysis.
NHTSA estimated that as a result of the rule change, Americans will consume roughly 122 billion more gallons of gas by 2050 than they would have under the old standards, increasing average lifetime fuel costs by more than $1,600 per vehicle—more than the roughly $1,300 the administration has claimed they'll save on average in upfront vehicle costs.
It is also projected to add about 1 billion additional metric tons of CO2 emissions by 2050 compared with retaining the previous standards—equivalent to more than six months' worth of emissions from the entire US transportation sector.
“Oil companies will profit from less efficient cars, but drivers will take a hit to their wallets and our kids will breathe dirtier air," said David Pettit, an attorney at the Center for Biological Diversity’s (CBD) Climate Law Institute. "We’ll all pay the price for more tailpipe pollutants spewing everywhere from playgrounds to wild places. We’re asking the courts to put a stop to this callous giveaway to Big Oil and Big Auto.”
CBD was joined by the Conservation Law Foundation, Environmental Defense Fund, Public Citizen, and Sierra Club, which filed a petition on Friday to ask an appeals court to review the rule change. They argue that the rollback is illegal because federal law requires NHTSA to set fuel-economy standards at the “maximum feasible” level manufacturers can achieve.
“The Trump administration’s rollback will mean wasted gas, more air pollution, and higher costs for Americans who are already struggling with high fuel prices,” said Andy Su, senior transportation attorney at Environmental Defense Fund. “We’re going to court to oppose this dangerous U-turn away from decades of successful work to make our cars more efficient and less expensive to drive.”
With the US midterm elections just weeks away and control of Congress up for grabs, the top Democrat on the Senate Banking, Housing, and Urban Affairs Committee on Wednesday released a tool tracking inflation under Republican President Donald Trump.
"Donald Trump promised to lower costs on day one. Instead, he has spent his presidency creating an affordability crisis, and now he's calling his self-made crisis a hoax," said Ranking Member Elizabeth Warren (D-Mass.) in a statement. "The Trumpflation Tracker will show families across the country exactly how much of a price they are paying for Trump's and Republicans' failed economic agenda."
The tracker shows not only cumulative inflation since December 2024, the month before Trump returned to office—it's up 5.2%— but also limited job growth during his second term, the impact of his broken promise to cap credit card interest rates, falling wages since he launched an illegal war on Iran in February, mortgage rate increases, and rising household debt.

The tool also highlights the country's affordability crisis, detailing how costs have skyrocketed for childcare, electricity, gasoline, groceries, healthcare, and rent, with the average US household paying over $3,000 more.
As Trump rallies behind efforts to build more energy-sucking artificial intelligence data centers, Warren's tracker shows that residential electricity prices are up 12.7% during this term, with the average US household paying $222 more.
Last year, congressional Republicans passed and Trump signed a budget package that cut government healthcare programs and did not extend expiring Affordable Care Act subsidies. Now, per the new tool, healthcare costs are up 14.6%.
Prices for gas and diesel have skyrocketed since Trump and the Israeli military started bombing Iran, but the US president has dismissed concerns, claiming that paying $4 at the pump is "not very high" and is worthwhile to prevent the Middle Eastern nation from building a nuclear weapon—which the US intelligence community concluded, before the war, that Tehran wasn't trying to do.
Warren's tracker puts the gas surge at 43.7% since December 2024, with an average cost of over $750 per household. The senator plans to have the panel's economic experts update the figures on a monthly basis, as more data becomes available.
The Century Foundation's president, Julie Margetta Morgan, applauded the committee "for doing the math on this," writing on social media that "the Trump administration continues to claim that the economy is strong, but this tracker shows clearly just how much families are being squeezed."
Corporate-backed Democrats evidently see the writing on the wall.
The latest polling from Axios-Ipsos American Health Index, released Wednesday, found that a purality of Americans support replacing the for-profit health insurance industry with a government-run Medicare for All plan, and that 62% of Democrats back the idea. Supporters of a single-payer healthcare program like those that have long existed in the United States' peer countries swept primary races across the US this year. And one of the top potential 2028 Democratic presidential candidates, Rep. Alexandria Ocasio-Cortez (D-NY), is a vehement supporter of the idea.
But instead of simply joining efforts to extend the popular Medicare program to everyone in the US, Majority Democrats—a group of Democratic lawmakers aimed at "reshaping and growing" the party, with billionaire hedge fund manager Stephen Mandel as its top funder—is intent on recycling an old proposal, with a new name.
The group introduced "Medicare for Americans" in a six-minute video posted on social media Tuesday—one that essentially described a "public option"—or a government-run healthcare program that would "compete" with health insurers instead of dismantling the $5.3 trillion-per-year for-profit system.
The video describes a plan similar to one unveiled in 2020 by former Transportation Secretary Pete Buttigieg, then a presidential candidate, who called his proposal "Medicare for All Who Want It."
"If we want to earn voters' trust back," says the narration, "we need a real solution... A revolutionary plan that will make a real difference in how we handle healthcare in this country."
The plan would "offer every American who is sick and tired of private insurance a plan through Medicare," the narrator continues. "People who want to keep the private insurance they have should be able to."
Sick of our broken healthcare system?Medicare is one of the most popular programs in American history. Why not give people the choice to enroll—and force insurance companies to compete?That’s Medicare for Americans. https://t.co/HQ8aIPPBRy
— Majority Democrats (@MajorityDems) October 11, 2026
The video goes on to say that proponents of Medicare for All, like Sen. Bernie Sanders (I-Vt.) and Ocasio-Cortez, want to "blow up the whole system and tax the hell out of everyday Americans," while Republicans want to keep a "dysfunctional status quo."
It warns that Medicare for All "comes with a $40 trillion price tag," naming the estimated cost over a decade. But it neglects to mention that the annual cost of the current healthcare system—$5.3 trillion in 2024—is about $1 trillion higher than the annual cost of Medicare for All that was projected by researchers at Yale School of Public Health in an August study. Americans are also spending more on healthcare following the Republican Party's Medicaid cuts and refusal to extend subsidies under the Affordable Care Act.
"In one Axios-Ipsos survey, two-thirds of Americans, including half of Republicans, believe the federal government should be willing to increase public healthcare spending to lower consumer costs. But it’s misleading to suggest Medicare for All would cost more than our current system," noted The Lever, calling Medicare for Americans "the billionaire option."
Lis Smith, a Democratic political operative who has worked for Buttigieg and disgraced former New York Gov. Andrew Cuomo, praised the proposal as a "transformative, once-in-a-generation healthcare reform" that is "within reach... if Democrats are smart."
But one progressive streamer wrote that Majority Democrats "want to pretend like they support progressive healthcare policy but are just protecting private insurance."
"We need Medicare for All," she said. "No private insurance necessary."
The US Department of Justice apologized Monday after the Trump administration continued airing taxpayer-funded political advertisements despite a court order requiring them to stop, blaming an internal email delay for the violation.
US District Judge Jennifer L. Rochon—an appointee of former President Joe Biden—issued a temporary restraining order Sunday in Common Cause et al. v. Department of Homeland Security et al., blocking the administration from airing the commercials and requiring officials to cancel previously scheduled runs.
However, The Washington Post and Democracy Docket reported Monday that two of the ads ran nearly 400 times after the order took effect. Plaintiffs in the case—the advocacy group Common Cause, Service Employees International Union Local 32BJ, Empire State 32BJ SEIU PAC, and Democratic Alabama state Legislature candidate Robert Hunter—filed a notice with the court informing it of the violations.
Citing the filing, Democracy Docket noted:
According to AdImpact data... the government’s ads aired in nearly 400 television spots on programs that began at 7 pm Eastern—after Rochon’s order was already in force. One of the ads aired in 193 spots during CBS’ "60 Minutes," while another aired in 198 spots during ABC’s "America’s Funniest Home Videos."
The ads continued airing Monday. As of 2:45 pm plaintiffs said an ad titled “Maduro” had aired another 20 times, one titled “Final Battle” 11 times, and another titled “The Country He Loves” once.
Rather than seeking contempt sanctions at this time, the plaintiffs are asking Rochon for a status conference to determine whether the Trump administration has complied with her order.
The Department of Justice admitted the error in a separate filing Monday, claiming that its lawyers "did not become aware of" the Rochon's emailed order "until this morning." The DOJ apologized to plaintiffs and the court, assuring Rochon that "the government is in compliance" with the temporary restraining order.
The White House said separately that the Department of Homeland Security (DHS) had not received notice in time to cancel the advertising purchases. The administration subsequently instructed its outside vendor to stop airing the commercials, froze future payments, and placed the $20 million funding allocation on hold.
The dispute stems from a $20 million advertising campaign financed via Office of Management and Budget (OMB) funds that were redirected to a Customs and Border Protection account designated for “commemorative events.”
The commercials featured President Donald Trump touting his political agenda, including one repurposed from his 2024 presidential campaign and another featuring Trump and Defense Secretary Pete Hegseth hyping the US war against Iran.
Critics have called the ads illegal under laws including the Administrative Procedure Act and the Hatch Act, and even grounds for impeaching Trump, who has already been impeached an unprecedented two times—but never convicted by the Senate—yet again.
The Democratic National Committee last week sued Trump, the White House, OMB, and DHS over the ads, alleging that the president "personally directed this illegal activity."
Democrats in Congress and Ukrainian President Volodymyr Zelenskyy on Friday swiftly condemned US President Donald Trump's plan to secure diesel from Russia in hopes of combating fuel prices that have skyrocketed due to his illegal war on Iran.
"I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter," Trump wrote on his Truth Social platform, with the US midterm elections just weeks away, and voters frustrated by the country's affordability crisis.
"Additionally, based on the condition of their Diesel Refineries, Russia will then deliver, within a short period of time, 3,000,000 Tons of Diesel Fuel," Trump said. "Between our TOTAL CONTROL of the Strait of Hormuz, and this great announcement on Russian Energy, Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST! Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority. This is a very big and important announcement. Additionally, it must be understood, that Iran will not have a Nuclear Weapon!"
After Trump's post, the Department of the Treasury's Office of Foreign Assets Control issued a general license "authorizing transactions related to the sale, delivery, offloading, and importation of diesel" from Russia—which launched a full-scale invasion of neighboring Ukraine in 2022. In response, Congress has appropriated over $170 billion to help Ukraine.
The Associated Press pointed out that Trump announced the deal with Putin after "he signed a sweeping Russia sanctions law last month that aimed at clamping down on Russia's energy revenues," and as "his envoy Steve Witkoff and son-in-law Jared Kushner were meeting with Ukrainian officials in Miami to discuss a proposal to try to end the Russia-Ukraine war."
In a lengthy statement, the Ukrainian president warned Friday that "any easing of sanctions against Russia without a clear and lasting de-escalation agreement with Russia is an obvious weakness. It plays into Russia's hands—allowing it to kill more, wage war for longer, have even less respect for America, and inflict even greater losses and damage on the world."
US Senate Minority Leader Chuck Schumer (D-NY) declared that "Trump is doing a deal with the devil to try to help his flailing political fortunes from the shockingly high diesel prices caused by his own reckless, illegal war in the Middle East. This filthy deal will only aid and abet the same Putin who is helping the Iranians to target and try to kill American troops in the Middle East and who illegally and viciously invaded our ally Ukraine."
According to an online tracker launched by Brown University's Costs of War Project, since Trump started bombing Iran without congressional authorization in February, Americans have paid over $130 billion more for fuel—$71.74 billion for gasoline and $58.56 billion for diesel—or nearly $1,000 per household.
Several other Democratic lawmakers from both chambers of Congress—which Democrats hope to reclaim from Trump's Republican Party in November—were also critical, including Sen. Richard Blumenthal (D-Conn.), who said that striking a deal "with a murdering dictator" to lift sanctions "is an embarrassment and makes us complicit in Putin's war against Ukraine."
"This poorly concealed attempt to mitigate the havoc caused by Trump's illegal war in Iran will only benefit the Chinese and Russian economies, and lead to the slaughter of more innocents in Ukraine," he argued. "The president should rescind this agreement immediately. To the American companies considering taking Putin's blood money: Congress is watching."
Denouncing Trump's announcement as "a disgrace," Sen. Elizabeth Warren (D-Mass.) said: "You know how Trump could bring down gas and diesel prices? By ending his illegal war with Iran. Instead, he's going to help fund Putin's war machine."
Sen. Andy Kim (D-NJ) described Trump's approach as "desperate and shortsighted," adding: "Trump ran on America First but has no idea how to actually deliver for the American people. We wouldn't be in this mess without his wasteful war with Iran. We need to build opportunity for Americans with our foreign policy, not Putin. End this war and not a single dime to Russia."
House Foreign Affairs Committee Ranking Member Gregory Meeks (D-NY) also slammed the president's reversal on sanctions against Russia, stressing that "instead of putting economic pressure on Putin for his invasion of Ukraine, Trump continues to appease him. His disastrous Iran War has sent gas and diesel costs soaring, and Americans are paying the price."
Congresswoman Madeleine Dean (D-Pa.) similarly said: "Desperate to escape the consequences of his failed Iran war, Trump is preparing to stab Ukraine in the back and buy diesel from Putin. He's helping fund Russia's war machine, while our allies pay the price."
"Social Security’s future is on the ballot this November," said one advocate, "and that includes the size of annual COLA adjustments.“
The rising cost of healthcare and other essentials means that the modest cost-of-living adjustment for about 76 million Social Security beneficiaries, announced Wednesday by Social Security Administrator Frank Bisignano, is likely to make only a small difference for senior citizens struggling to afford gasoline and groceries, said economic justice advocates.
Bisignano said the COLA for 2027, effective in January for most beneficiaries, will be 3.6%, amounting to an average of about $75 more per month.
Along with senior citizens, 40% of whom rely on Social Security for at least half their income, about 7.3 million people with disabilities who receive Supplemental Security Income will also receive the COLA increase starting December 31.
The COLA is higher than last year's, when the SSA adjusted monthly earned benefits by 2.8%.
But Richard Fiesta, executive director of the Alliance for Retired Americans, said the new increase "is just not enough to keep up with the cost of food, gas, utilities, and prescription drugs."
"A good chunk" of increased Social Security payments "will be wiped out" by higher premiums for Medicare Part B, which covers medically necessary and preventive healthcare services, said Fiesta. Those premiums are projected to rise to $209.50 per month in January, up from $202.90 per month this year.
Medicare Part D prescription drug plans are also expected to see increased premiums next year, while Social Security beneficiaries, like other Americans, will likely be impacted by continued inflation driven by President Donald Trump's illegal war on Iran and his tariff policy.
Social Security recipients are aware of the limits of the COLA, a poll released Monday by the AARP showed. Seventy-six percent of respondents said a 3.5% COLA would not keep up with rising prices they are facing at the grocery store, gas station, and pharmacy.
Fiesta called on billionaires and the wealthiest 1% of Americans to "pay their fair share" to make it possible to "boost benefits for everyone, implement a COLA that reflects the cost of things older Americans spend money on, and guarantee the program’s solvency for future generations."
While most American workers pay into Social Security year-round, millionaires in the US stop paying into the program just two months into the year because the payroll tax does not apply to income over a certain level. Some of the richest Americans, like Tesla CEO Elon Musk, pay very little into the crucial anti-poverty program by earning most of their money through investments rather than income.
"In just three weeks, older Americans will have an opportunity to elect members of Congress who will make strengthening Social Security a priority. The future of our earned benefits is on the ballot.”
“Strengthening and expanding Social Security must be a national priority," said Fiesta. "It’s time for clear and decisive action. In just three weeks, older Americans will have an opportunity to elect members of Congress who will make strengthening Social Security a priority. The future of our earned benefits is on the ballot.”
At Social Security Works (SSW), which advocates for strengthening the program and regularly debunks myths from the Republican Party claiming that Social Security is unaffordable for the country, Nancy Altman said the COLA increase "will help" some seniors, "but it doesn’t fully account for the costs that Social Security beneficiaries face."
"The Trump administration’s war of choice with Iran and tariff chaos have driven gasoline prices up nearly 40 percent, and caused grocery costs to skyrocket," said Altman, president of SSW.
Part of the problem, said Altman, is the SSA's use of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures price changes for goods purchased by working families, to determine the annual COLA.
SSW has called for the use of the Consumer Price Index for the Elderly (CPI-E) to better reflect how Social Security recipients spend their money.
Meanwhile, Altman said, Republicans including House Speaker Mike Johnson (R-La.) have proposed calculating the COLA using the chained Consumer Price Index (CPI), which would “substantially lower benefits over time," according to an AARP analysis.
“That’s a cut to the American people’s hard-earned benefits," said Altman. "Over time, switching to the chained CPI, as the Republicans have proposed, would shrink yearly benefits by hundreds and even thousands of dollars. Switching to the CPI-E, as the Democrats propose, would increase benefits. This would particularly impact women and Hispanics, who have longer average life expectancies."
She noted that US senators elected in November will have a say in whether Social Security remains fully funded through their six-year terms—and urged Americans to vote accordingly.
In 2032, said Altman, "Social Security is projected to face a funding shortfall. The vast majority of Republicans refuse to support a single penny in revenue increases, even from the ultra-wealthy, to address the shortfall. That leaves benefit cuts, including less generous COLAs, as their only option."
"The bottom line: Social Security’s future is on the ballot this November," she said, "and that includes the size of annual COLA adjustments.“
The September 1 strike, which killed five women and children and wounded more than 70 other Iranians, is but one of several civilian massacres during Trump's illegal war of choice.
More than 70 House Democrats on Tuesday sought answers and accountability from the Pentagon regarding a likely US strike on a September wedding gathering in southern Iran that killed five civilians—all women and children—and wounded over 70 others.
In a letter to Defense Secretary Pete Hegseth, Reps. Yassamin Ansari (D-Ariz.), Sara Jacobs (D-Calif.), and Jason Crow (D-Colo.) led 74 lawmakers in demanding an explanation for the September 1 bombing in Kuhestak and details of what the Trump administration is doing to protect Iranian civilians.
“We demand urgent answers regarding the United States’ role in this strike, why the strike proceeded given the clear risk of significant civilian harm, and what steps the [US Department of Defense] is taking to prevent further civilian casualties in Iran,” the lawmakers wrote.
The strike occurred at approximately 9:30 pm local time while preparations were underway for the wedding of the daughter of a local fisher.
According to witnesses interviewed by The Associated Press, around 150 women and children were gathered at the Mallahi family compound. The celebration was following a regional tradition in which women and men gather separately. The bride and groom had not yet arrived, and the main celebration had not begun. A bomb struck the room where dinner would have been served.
Four initial fatalities—two women and two children—were identified by Iranian authorities and human rights groups: 50-year-old Zarkhatoun Taheri, 43-year-old Kolsoum Malahi Najandnia, 16-year-old Mohammad Mallahi, and 4-year-old Amir Mohammad Karimi. A fifth victim, 22-year-old woman Asiyeh Molainejad, died in a hospital on September 3.
Weapons experts concluded the blast was likely caused by a direct hit from a US munition. The Pentagon has not publicly accepted responsibility for the strike, which remains under investigation.
"This incident is regrettably among the latest in a string of civilian casualty incidents arising from the US-led war in Iran," the lawmakers wrote in their letter. "This includes a strike at the Shajareh Tayyebeh Elementary School in Minab, Iran, on the first day of the war that killed a reported 175 civilians, including 120 children."
The United Nations' Independent International Fact-Finding Mission on Iran said it found “reasonable grounds" to believe that the Minab school strike constituted a war crime.
"While it has been reported that a preliminary investigation by the department found that the US military was responsible for the strike, over six months later the department has still not publicly acknowledged responsibility for the strike nor released the findings of its investigation," the lawmakers' letter notes.
"Similarly, reporting and independent analysis indicate that US forces were responsible for a strike at a youth sports hall in Lamerd, Iran, that killed 21 civilians, including 7 children, on February 28. While the department has denied responsibility, analysis by weapons experts found that the damage pattern is consistent with that of an American Precision Strike Missile," the lawmakers continued, referring to Lockheed Martin's next-generation surface-to-surface ballistic missile.
Hegseth, who advocates “maximum lethality” for US forces, has expressed disdain for what he called “stupid rules of engagement” designed to minimize civilian harm. He has overseen the dismantling of efforts meant to mitigate wartime harm to civilians—hundreds of thousands of whom have been killed in US-led wars during this century, according to experts.
“Maximum lethality," combined with AI-powered systems allowing for exponentially faster and more numerous target selection, has raised concerns that have been underscored by actions including US-backed Israeli massacres in Gaza and Lebanon, and US airstrikes in Iran, where tens of thousands of people have been killed or wounded during more than seven months of President Donald Trump's illegal war of choice, according to Iranian government figures.
The Washington, DC-based National Iranian American Council (NIAC) welcomed the lawmakers’ intervention, arguing that Iranian civilians must not be treated as expendable casualties of war.
“The lives of Iranian civilians cannot be treated as an acceptable cost of war,” NIAC president Jamal Abdi said in a statement. “These are families, children, and entire communities whose lives have been irreversibly altered by a military campaign that Congress never authorized."
“Credible allegations of unlawful attacks on civilians demand independent investigations, full public disclosure of the findings, and accountability for any violations of international humanitarian law,” Abdi added. “The Trump administration cannot be permitted to wage an unauthorized war in defiance of US and international law while evading responsibility for its devastating human consequences.”
A federal court in California on Tuesday order the US Department of Agriculture to halt any further enactment of a plan by President Donald Trump to dramatically restructure the agency, which public workers unions and pro-democracy advocates argued in court was unlawful.
The order from the US District Court of the Northern District of California came in response to a lawsuit brought by four unions representing various USDA workers within the agency as well as a broader group of advocacy organizations and conservationists who warned the reorganization would hurt not only USDA workers but farmers, consumers, and the nation's agricultural system as a whole.
The temporary injunction issued by the court forbids agency officials from using congressionally appropriated money to fund the restructuring plan, stating that “on the facts of this case, the most appropriate remedy is indeed to stay USDA’s reorganization expenditures, full stop.”
In a statement, the coalition behind the lawsuit, called the ruling “a welcome reprieve to the Trump-Vance administration’s reckless, unlawful, and disruptive reorganization of USDA."
The agency, the statement continues, "provides vital services across America, supporting rural communities, protecting our food supply, feeding families, advancing agricultural research, guarding our forests and public lands, and so much more. We look forward to achieving more permanent relief and continuing to fight for American families, farmers, and workers.”
The plaintiffs explained that the worker relocations and shuttering of key facilities at the USDA would have "made the food on American tables less safe, wildfires harder to fight, and rural communities wait longer for help, all while leaving farmers with less support." The coalition alleges that Trump's USDA leadership "knew forced relocation would drive out its experienced people and never once studied what losing that expertise would do to the department’s ability" to fulfill its duties mandated by federal law.
“Congress told USDA in plain language that it could not close offices and uproot its workforce without permission. USDA did it anyway, so AFGE and our partners took them to court. These forced moves were never about efficiency. They were about pushing experienced people out the door.” said Everett Kelley, president of the American Federation of Government Employees (AFGE), one of the four unions behind the suit. “Today’s ruling keeps those workers on the job serving the American people, and AFGE and our allies will keep fighting for as long as it takes to make sure this administration follows the law.”
AFSCME President Patrick Moran said the Trump administration's effort "to gut this essential agency is blatantly illegal, and we’re thankful the court has stopped it, for now, from proceeding with a reckless plan that would threaten public benefits like SNAP, endanger public safety by hindering wildfire response, and hurt American farmers at a time working families can least afford it."
As Politico notes, the order could be "short-lived," due to possible appeal and the fact that the current appropriations cycle for the USDA funds in question runs out in approximately two months. After that, if Congress approves money for future restructuring, the Trump administration could ultimately gets its way, though the opposition coalition has vowed to continue their resistance.
“Congress, not the President, still determines the mission and functions of federal agencies created by statute, and Congress has drawn the line to say no to this reorganization," said Corinne Johnson, a partner with Altshuler Berzon, the lead legal counsel for the coalition. "On behalf of our clients, we will continue to ask the courts to hold that line.”
"No Mr. Musk, we should be worried about the pain that AI could cause humanity, not the other way around."
US Sen. Bernie Sanders responded Tuesday to Elon Musk's apparent concern for artificial intelligence's potential feelings by arguing for a human-centered approach to the rapidly advancing technology.
Musk, the CEO of Tesla and SpaceX who also runs the AI company xAI, recently endorsed rival Anthropic's recent decision to ban employees from "sustained and needless abusive or cruel behavior" toward the company's Claude chatbot models.
Last week, Musk responded to a discussion on X about Anthropic's updated usage policy, calling the company's decision “the right move.”
“Cruelty to something that believes it is experiencing pain is not OK," he added.
Sanders (I-Vt.), meanwhile, has repeatedly warned that AI's effects on workers, families, and society deserve far more attention than the priorities of the billionaires developing it.
" Elon Musk, who wants to build millions of robots per year to replace workers, is now worried about the 'pain' humans may cause AI," Sanders wrote on X. "No, Mr. Musk, we should be worried about the pain that AI could cause humanity, not the other way around. HUMANS FIRST."
Anthropic's policy, which is scheduled to take effect November 12, does not prohibit ordinary expressions of frustration, disagreement with a chatbot, or dark creative writing.
There is no established evidence that today's chatbots experience pain or possess feelings in the human sense.
Critics of Anthropic's policy have warned that treating AI systems like they possess human emotions could mislead users or make them more susceptible to manipulation. Scott Stevenson, CEO of legal AI company Spellbook, called the policy “a dangerous precedent,” while journalist Michael Shellenberger accused the company of “anthropomorphizing machines,” Cybernews reported Sunday.
Sanders has cited Musk's own prediction that AI and robots could “replace all jobs,” questioning how ordinary people would earn a living if machines displaced workers on a massive scale. The senator has also raised concerns about the social consequences of AI companions, especially for children and teenagers.
Last week, Sanders renewed his call for a congressional ban on the development of advanced artificial intelligence, citing Big Tech oligarchs' secret preparations for a "catastrophic AI event."
Sanders and Congressman Greg Casar (D-Texas) last month introduced legislation to pause advanced AI development and ban the creation or deployment of artificial superintelligence, which experts believe poses a grave threat to humanity.
"They’re racing to build a technology they can’t control and that threatens humanity," the senator wrote last week.
"After years of using socialism to frighten voters away from Democrats, political interests with apparent Republican connections are trying a remarkable reversal: selling voters on a socialist," said one news site.
A mysterious right-wing political action committee has spent nearly $400,000 promoting a socialist running for the US Senate in Ohio, raising questions about an apparent effort to siphon progressive votes from Democratic candidate Sherrod Brown in a key midterm contest, according to reports published Monday.
The Columbus Dispatch and Cleveland.com are among the media outlets reporting that the newly formed Enough Promises Ohio PAC has financed mailers urging voters to support Greg Levy, an independent candidate affiliated with the Party for Socialism and Liberation (PSL), whose working-class platform includes implementing a $30 hourly minimum wage, ending the "US war machine" and "war on Black America," and working to "save the planet from capitalism."
The mailers were not produced by Levy's campaign. Federal campaign finance filings trace the spending to a printing vendor with connections to President Donald Trump's political network. Seven Farms shares a business address with Whistlestop Strategies, a direct mail operation associated with Big Dog Strategies, a Republican consulting firm that has worked with Republican candidates and has ties to MAGA Inc., Trump's principal super political action committee (PAC).
"After years of using socialism to frighten voters away from Democrats, political interests with apparent Republican connections are trying a remarkable reversal: selling voters on a socialist," Cleveland.com reported, noting what some are calling a "cynical attempt to turn growing interest in socialism into a weapon against Sherrod Brown."
The connections raise questions about whether the spending is part of a Republican strategy to divide Democratic-leaning voters. Enough Promises Ohio has not disclosed its contributors, leaving the source of the money unclear. The PAC and the involved companies have yet to explain the spending.
"The Greg Levy for Senate campaign team has recently discovered, through messages circulating on social media, that mailers falsely impersonating our campaign are being sent out to voters across Ohio," Levy said on X. "The Greg Levy for Senate campaign has no ties to the entities circulating the mailer, and we condemn this attempted deception of voters."
"There is a well-established record of both Republican and Democratic Party operatives using their financial resources to try and trick voters," he continued. "This is a highly undemocratic practice and does a disservice to voters in Ohio and throughout the country."
"Our campaign is historically rooted in Black and working-class communities throughout our state, and our message of fighting for working people against the biggest banks and corporations is resonating with voters all over Ohio," Levy said. "We reject and condemn the dirty tricks and racist impersonation of our campaign by entities working on behalf of those same capitalist institutions."
"This racist caricaturing of our candidate, a form of digital blackface, is a cheap, cowardly attack that is meant to demean the communities we represent and scare voters away from policies that put the needs of working families ahead of corporate profits," he added. "The Greg Levy for Senate campaign is considering taking legal action against the operatives behind this crude impersonation."
The murky mailers come as Brown, a former US senator seeking to reclaim his seat, faces Republican Sen. Jon Husted in a closely watched race that could help determine control of the Senate. Numerous recent polls indicate a low- to mid-single-digit lead for Brown.
Progressives who eschew Brown in favor of Levy cite the latter's pro-working-class economic agenda, Brown's support for Israel's genocidal assault on Gaza, and general frustration with the two major parties.
In an opinion piece published Tuesday by Common Dreams, Ohio Peace Council Chair Werner Lange argued that Levy's candidacy risks being a "spoiler," particularly among younger and pro-Palestinian voters dissatisfied with Brown's record and his acceptance of campaign contributions from pro-Israel interests—including the American Israel Public Affairs Committee—which have given more than $1.2 million to the former senator since 1990, according to the campaign finance tracker OpenSecrets.
"The danger is that Levy may do to the 2026 Senate race in Ohio what Ralph Nader did to the 2000 Presidential race in Florida—snatch defeat out of the jaws of victory for progressive forces," Lange wrote, repeating the controversial, and, according to some experts, false claim that the consumer advocate's Green Party run tipped the highly contentious contest in favor of Republican nominee George W. Bush.
That does not mean that Levy can't divert enough votes from Brown to deliver a win for Husted and, possibly, control of the narrowly divided Senate to Republicans.
The right-wing funding in support of Levy underscores how outside groups can spend enormous sums to influence voters while keeping their own donors hidden, at least until disclosure deadlines require them to reveal more, largely as a result of US Supreme Court rulings, chiefly 2010's Citizens United v. Federal Election Commission.
Recently, Democrats including former US Transportation Secretary Pete Buttigieg, Michigan US Senate candidate Abdul El-Sayed, and comedian/commentator Jon Stewart have called for a constitutional amendment to overturn Citizens United and get big money out of politics.
Last year, Congresswoman Pramila Jayapal (D-Wash.) led the introduction of the We the People Amendment, which rejects corporate personhood and would enshrine that "the rights protected and extended by the Constitution are the rights of natural persons only."
"Instead of helping countries withstand another major shock," Oxfam's executive director said, the IMF "is forcing them to cut back on the very spending that can help protect people and recover."
The US-Israeli war with Iran has exacerbated economic hardship across the world. It's especially bad for the developing nations currently being forced to implement austerity programs by the International Monetary Fund.
Under IMF loan programs, countries struggling with debt are required to reduce government budget deficits by introducing spending cuts and tax increases that tend to hurt their poorest citizens. They often include cuts to public services and welfare programs, caps on government workers' salaries, and the elimination of subsidies that keep basic needs affordable.
According to a report out Monday from Oxfam—amid the IMF's annual meeting in Bangkok this week—24 of the 28 nations currently receiving IMF loans have been forced to implement austerity measures. Some of them, like Sierra Leone and Guinea-Bissau, are among the poorest nations in the world.
Even before the war—which has caused oil prices to soar and driven inflation worldwide—people in many of these countries were struggling to meet their basic needs and facing severe economic pressure: 51% were food insecure, and 57% lacked access to clean cooking fuel.
Emergency government programs have been able to backstop the worst effects for up to 130 million of the world's poorest people, according to a report published before the meeting by the United Nations Development Program.
But as those countries run out of resources, many are being forced to pivot, and the stiff requirements imposed by the IMF may exacerbate the hardship.
In Ecuador and Guinea-Bissau, the IMF is requiring governments to cut spending, raise taxes, or both to the equivalent of roughly 4% of the nations' annual gross domestic product (GDP).
The terms are even harsher for Sierra Leone, where the government is required to cut spending or raise costs equivalent to more than five times its annual healthcare budget.
A loan approved last week for Bolivia requires the government to slash as much as 8.5% of its GDP from the deficit—about twice its annual healthcare spending. The country has already been forced to eliminate a diesel subsidy that drove high prices down for consumers and businesses.
The IMF has acknowledged that these cuts are likely to make the strain worse for many low-income countries already suffering from the war, but said they had "no choice" but to cut spending or restructure their debts.
Oxfam International executive director Amitabh Behar noted that during previous crises like the Covid-19 pandemic and the war in Ukraine, the IMF has enacted tools to ease the burden on nations in debt by providing emergency loans and access to foreign currency without requiring additional borrowing.
"But this time, the fund is taking a very different path," he said. "Instead of helping countries withstand another major shock, it is doubling down on austerity—forcing them to cut back on the very spending that can help protect people and recover—and leaving them even more vulnerable to the next crisis."
"If the administration wants to investigate anyone, maybe they should look at themselves first."
Progressive US Rep. Pramila Jayapal this week not only joined a growing chorus outraged by President Donald Trump's "rogue" Department of Homeland Security agents raiding Congresswoman Ilhan Omar's home, the Washington Democrat took it a step further.
After putting out a nearly three-minute video decrying Trump's repeated attacks on her Democratic colleague from Minnesota, Jayapal reminded social media users of the president's "border czar," Tom Homan, allegedly accepting a bribe in the form of a paper bag stuffed with $50,000 in cash.
As part of a probe launched under the Biden administration, Homan was the target of a Federal Bureau of Investigation sting operation. In September 2024, he was recorded taking the bag of cash from undercover FBI agents posing as businessmen interested in securing government contracts if Trump returned to the White House.
"If the administration wants to investigate anyone, maybe they should look at themselves first. Anyone remember this?" Jayapal wrote alongside a photo of media coverage that notes Trump's Department of Justice (DOJ) closed the probe into Homan last year.
Before former US Attorney General Pam Bondi was fired by Trump this past April, she insisted last year that "the investigation into Mr. Homan was subjected to a full review by the FBI, agents, and DOJ prosecutors," who "found no credible evidence of any wrongdoing."
However, congressional Democrats as well as the groups Democracy Defenders Fund and Democracy Forward have fought for access to records, including the recording of Homan and the undercover agents.
Homan is far from the only member of Trump's second administration to face credible allegations of corruption. In fact, according to polling results released Tuesday, 59% of Americans believe the president himself has done illegal or unethical things to cash in on his return to power.
Jayapal also isn't the only critic of the Omar raid to point a finger at Trump's border czar this week. Rep. Don Beyer (D-Va.) similarly wrote on social media that "Tom Homan, the man leading Trump’s authoritarian 'investigation' of Rep. Ilhan Omar right before the midterm, was caught by the FBI accepting a bribe of $50,000 in cash in a paper bag."
"But Trump's Justice Department simply dropped the case and covered it up," Beyer stressed. "The most corrupt presidential administration in history."
"For 23 years, since its inception, DHS has been utilized by the government to target and persecute those they consider the public enemy," Ramirez said.
In response to the agency's rampant abuses during President Donald Trump's second term, many elected Democrats have warmed to the idea of abolishing US Immigration and Customs Enforcement. But one progressive lawmaker is pushing to go a step further: abolishing the entire Department of Homeland Security.
Rep. Delia Ramirez (D-Ill.) introduced legislation on Tuesday that would repeal all “duplicative and overreaching terrorism laws,” including getting rid of DHS, which was created in 2003 following the September 11 terrorist attacks.
The bill, titled the Reimagining Safety Act, would not only eliminate ICE and Customs and Border Protection (CBP). It seeks to eliminate immigration detention altogether and begin the process of replacing it with a civil court-based immigration system run through the US Department of Justice (DOJ).
In a dramatic departure from current immigration procedures, all deportations would need to be approved by Congress before they could proceed.
The bill comes just one day after agents with the DHS Investigations unit raided the home of Ramirez's colleague, Rep. Ilhan Omar (D-Minn.), as part of a federal criminal investigation related to her citizenship documents.
The investigation---which follows years of attacks by President Donald Trump and other Republicans against Omar's Somali background and Muslim faith, and comes just weeks before an election---has been described by critics as intimidation against a political opponent.
"For almost a decade, Trump and Republicans have lied about Congresswoman Omar to silence her dissent," Ramirez said on Monday. "My sister [Ilhan] has not backed down, so now they are using DHS and the federal government to target and persecute her."
"We must strip them of their weapons," she said. "We must dismantle DHS."
Under Ramirez's legislation, a new agency called the Department of Community Safety would assume DHS's duties. This would include running the Federal Emergency Management Agency (FEMA), which handles the federal response to natural disasters and other emergencies.
The new agency would use DHS's massive pot of federal funding for programs that aim to stop gun violence and other crime; provide support to asylum seekers at the border; redirect federal resources toward community needs like healthcare, housing, education, and emergency preparedness; and support community-based safety programs that do not adopt the militarized law enforcement of DHS.
Other functions of DHS would be scattered across different agencies: Immigration enforcement would belong to the DOJ, the Department of Transportation would take over the Transportation Security Administration and Coast Guard, and the Treasury Department would conduct customs enforcement.
Some of the expansive powers introduced during the War on Terror would also be rolled back: Those without criminal convictions or warrants would no longer be able to be put on "no-fly" lists, which civil liberties advocates have long criticized for stripping people of their right to travel on arbitrary, often racist, grounds.
The legislation would also eliminate the authority of the secretary of state to declare "foreign terrorist" organizations, a power that has been wielded to criminalize protest.
Ramirez told The Intercept that the need to abolish the agency was also underscored by an ICE agent's shooting of 28-year-old Oscar Belgal in the neck last week in New York. Belgal was shot through the window of his car while his 5-year-old child was in the back seat. In the past year, ICE agents have shot at least 25 people, and six of those shootings have been fatal.
Since Trump's return to office in January 2025, at least 58 people have died in immigration custody, according to the ACLU—a dramatic spike from previous administrations.

The rising death toll comes as the Trump administration and Republican Congress have dramatically expanded DHS and its budget to create a massive network of new detention camps, where immigrants (and some US citizens)—most of whom have not been convicted of crimes—have been disappeared, often arbitrarily, denied access to legal representation, and subjected to severe physical mistreatment.
Some noncitizens have been targeted explicitly over their political speech, including the hundreds of students who suddenly found their legal status stripped over their participation in pro-Palestine protests, many of whom were summarily arrested and faced with the threat of deportation.
Ramirez told The Intercept all of these were examples of how DHS is "not rogue," but working as designed.
"For 23 years, since its inception, DHS has been utilized by the government to target and persecute those they consider the public enemy," she said, "whether it is Muslim Americans, Haitians escaping violence, Latinos yearning for a better life, or dissenting voices demanding an end to the genocide in Palestine and the kidnapping of our neighbors.”

During the second Trump administration, public opinion has dramatically shifted against ICE, to the point where a plurality of voters, 48%, said they wanted the agency abolished in a July YouGov poll. In a February poll by the Public Religion Institute, 60% said they opposed increasing ICE's budget, compared with just 36% who favored it.
“In the past, the type of policy we are fighting for would have been written off as outlandish, too ‘extreme,’ or simply put, impossible," said Viviana Baraja, a Chicago-based immigrants' rights advocate who has helped to launch Ramirez's proposal.
"I have seen this administration make the most impossible nightmares possible," Baraja said. "And in the most distorted way, it has strengthened my resolve that if the worst can be possible, we can also dare to dream and to believe that the best can be possible too."
"If we don’t see the massive gains in productivity promised by the AI enthusiasts, then we will almost certainly see a collapse in the stock market," said one economist.
The International Monetary Fund warned Tuesday that the global economy faces serious risks from Big Tech firms taking on massive debt to fund the buildout of artificial intelligence data centers worldwide.
The IMF's latest Global Financial Stability Report outlines a number of risks to economic growth in the coming years, including a reliance on AI industry spending that it warns could lead to a new financial crisis.
The report points to the methods the world's largest data center operators, known as hyperscalers, are using to fund new construction as particularly troubling.
"Hyperscalers have strong earnings from their core businesses," the report states. "Yet, free cash flows are rapidly declining as hyperscalers try to sustain large AI investment needs, leaving debt financing increasingly necessary."
The analysis also details the role played by so-called circular financing agreements, in which one company agrees to fund another company's AI project in exchange for the firm receiving the money buying the investing firm's products.
These arrangements could create dangerous interdependence within the industry that could spark a financial contagion if one of the firms goes belly up, according to the report.
"While investors... are generally financially sound, distress at key investee firms could present significant 'wrong-way risk' to the AI ecosystem," the report states. "Equity and debt investments in the firms depreciate in value precisely when future revenue streams tied to them are impaired."
Investment expert Bret Jensen, in an analysis published by Seeking Alpha on Tuesday, examined projected capital expenditures from the five biggest hyperscalers—Oracle, Microsoft, Facebook parent company Meta, Amazon, and Google parent company Alphabet—and highlighted how they have increasingly moved financing off their corporate balance sheets.
"Over the past 12-18 months, there has been a huge increase in debt and equity issuance," Jensen explained. "The five hyperscalers now have a combined over $1.3 trillion of debt on their balance sheets and roughly $3 trillion in off-balance-sheet allocations."
Because of this, Jensen continued, "debt markets are starting to groan" by "signaling a substantial chance of default over the next half-decade on the debt of Oracle."
Jensen also pointed out that half of this infrastructure was being built for the benefit of frontier AI labs OpenAI and Anthropic, which he described as "unprofitable" and "bleeding cash."
Dean Baker, co-founder of the Center for Economic and Policy Research argued in an analysis published on Friday that AI is completely propping up the US economy at the moment, as investors are holding out hope that it delivers an unprecedented boom in productivity.
The problem, Baker pointed out, is there is little sign that AI is going to deliver anywhere near the increased productivity needed to make these historic investments pay off.
"If we believe the hype, we are about to see an incredible surge in productivity that will make us ridiculously wealthy," Baker explained. "To date, there is no evidence to support this view. Productivity growth has been at best on its trend pace the last couple of years."
"If we don’t see the massive gains in productivity promised by the AI enthusiasts," Baker added, "then we will almost certainly see a collapse in the stock market, with a serious recession almost guaranteed."
"We need Medicare for All," one critic said. "No private insurance necessary."
Corporate-backed Democrats evidently see the writing on the wall.
The latest polling from Axios-Ipsos American Health Index, released Wednesday, found that a purality of Americans support replacing the for-profit health insurance industry with a government-run Medicare for All plan, and that 62% of Democrats back the idea. Supporters of a single-payer healthcare program like those that have long existed in the United States' peer countries swept primary races across the US this year. And one of the top potential 2028 Democratic presidential candidates, Rep. Alexandria Ocasio-Cortez (D-NY), is a vehement supporter of the idea.
But instead of simply joining efforts to extend the popular Medicare program to everyone in the US, Majority Democrats—a group of Democratic lawmakers aimed at "reshaping and growing" the party, with billionaire hedge fund manager Stephen Mandel as its top funder—is intent on recycling an old proposal, with a new name.
The group introduced "Medicare for Americans" in a six-minute video posted on social media Tuesday—one that essentially described a "public option"—or a government-run healthcare program that would "compete" with health insurers instead of dismantling the $5.3 trillion-per-year for-profit system.
The video describes a plan similar to one unveiled in 2020 by former Transportation Secretary Pete Buttigieg, then a presidential candidate, who called his proposal "Medicare for All Who Want It."
"If we want to earn voters' trust back," says the narration, "we need a real solution... A revolutionary plan that will make a real difference in how we handle healthcare in this country."
The plan would "offer every American who is sick and tired of private insurance a plan through Medicare," the narrator continues. "People who want to keep the private insurance they have should be able to."
Sick of our broken healthcare system?Medicare is one of the most popular programs in American history. Why not give people the choice to enroll—and force insurance companies to compete?That’s Medicare for Americans. https://t.co/HQ8aIPPBRy
— Majority Democrats (@MajorityDems) October 11, 2026
The video goes on to say that proponents of Medicare for All, like Sen. Bernie Sanders (I-Vt.) and Ocasio-Cortez, want to "blow up the whole system and tax the hell out of everyday Americans," while Republicans want to keep a "dysfunctional status quo."
It warns that Medicare for All "comes with a $40 trillion price tag," naming the estimated cost over a decade. But it neglects to mention that the annual cost of the current healthcare system—$5.3 trillion in 2024—is about $1 trillion higher than the annual cost of Medicare for All that was projected by researchers at Yale School of Public Health in an August study. Americans are also spending more on healthcare following the Republican Party's Medicaid cuts and refusal to extend subsidies under the Affordable Care Act.
"In one Axios-Ipsos survey, two-thirds of Americans, including half of Republicans, believe the federal government should be willing to increase public healthcare spending to lower consumer costs. But it’s misleading to suggest Medicare for All would cost more than our current system," noted The Lever, calling Medicare for Americans "the billionaire option."
Lis Smith, a Democratic political operative who has worked for Buttigieg and disgraced former New York Gov. Andrew Cuomo, praised the proposal as a "transformative, once-in-a-generation healthcare reform" that is "within reach... if Democrats are smart."
But one progressive streamer wrote that Majority Democrats "want to pretend like they support progressive healthcare policy but are just protecting private insurance."
"We need Medicare for All," she said. "No private insurance necessary."