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Well that was a night. The glad spectacle of a newly sentient America tottering back to its capacious ideals was dubbed Orange Crush, Bluenami, a political earthquake, a wily tweak to Hegseth's coveted public execution and "one of the great acts of defiance in American history." It was both landslide too big to rig or stop and "extinction-level" rout. Above all, it was a thunderous rejection of fear, greed, lies, cruelty, war-mongering, authoritarianism. Tell your kids, urged Abdul El-Sayed, "The bad guys lost."
Who knew, pundits marveled: Turns out if you keep lying, stealing, abusing children, terrorizing, kidnapping, assaulting neighbors, shooting people in the street, making it impossible to get food, gas, health care or education while gloating about it and lining your fat pockets, everyone hates you. So it was that a "Trump Reckoning" and GOP "Armageddon" beyond even their worst doomsday scenarios arrived wherein Democrats swept "nearly every race that matters” as Americans en masse embraced all the shithole, lunatic, transgender, anti-Semitic, dog-eating, Medicare-wanting Muslim Brotherhood communists they'd been so helpfully warned about, alas, in vain.
This, of course, despite MAGA's best/worst efforts to re-draw districts, shutter polling places, strong-arm election officials, browbeat brown and black voters, pre-litigate election results they couldn't buy, and launch 1,000 DOJ "polling monitors" into all 50 states in hopes of targeting vulnerable minority districts. And yet, noted Garrett Graff, nothing untoward happened. Instead, voters "gave America another chance." Millions stood up, showed up, voted early, refused to bend the knee or be silenced. Graff said a friend wrote from deep-red Mississippi, where Democrat Scott Colom still had a stunning, razor-thin lead. "My flabbers are gasted,” she wrote. “Be on the lookout for pigs in the sky."
"So much history was made last night," Graff added, much of it shaped by both the 250 years and then Trump's dark reign of white supremacist politics. The startling result: The most diverse set of newly elected lawmakers the country has ever seen, with one historian writing Dems are winning races "they haven’t won since they were the white supremacist party.” An Atlanta Journal-Constitution story begins, "In 1860, an enslaved man named Sheppard Peek was listed among the possessions of William Peek, a white man in Crawfordville"; Sheppard's value was placed at $1,400. In Georgia on Tuesday, his great-great-granddaughter, Keisha Lance Bottoms, was elected the first Black female governor in the country.
Bottoms is just one of many historic firsts. Xavier Becerra, the son of Mexican immigrants, became California's first elected Latino governor. Deb Haaland became New Mexico’s first Native governor. Wisconsin and Nevada elected their first Black governors. There are three other first women governors. New Hampshire's Chris Pappas will become the first out gay man in the Senate. A trans woman won a House seat in...Alabama. Colorado elected its first Gen Z woman; she will be one of a record 100 women to serve simultaneously in the House. Democrats gained full control of a record six state governments, Southern voters swung 20 points to Dems, Jon Ossoff was easily re-elected on a platform, essentially, of "I don't like Nazis." Virginia ended Jim Crow after 124 years, and enshrined abortion in its constitution. Nancy LaCore, a former Navy admiral fired by Hegseth, flipped Nancy Mace's seat in South Carolina. The GOP lost all four of its gerrymandered districts in Florida. Egyptian-born Adam Hamaway, 57, will be the first Muslim elected to the House from New Jersey. A Rutgers-educated doctor, he served 8 years as a combat surgeon in the US Army before starting private practice in Princeton; he also volunteered in Gaza, Syria, Lebanon, Sudan, Jordan.
Beating back a grotesquely Islamophobic campaign, Michigan's Dr. Abdul El-Sayed will become the first Muslim in the Senate.In his victory speech, he thanked "everyone who sent a dollar, made a call, posted a story and most importantly gave us your stake in democracy. You took a chance on the unlikeliest of candidates." Summoning "all the kids who watched and the parents who struggled to explain why the president openly mocked someone for their name or how they pray, let them (know) the bad guys lost...We deserve an America big enough for all our kids - let's go build it." He also cited the "delicious irony" that JD, whose "view of America is small, like him," is constitutionally obligated to swear him in come January.
In another sweet spot and longtime pipe dream, Talarico took back Texas from the scandal-smeared Paxton in "not just a tsunami, but a bloodbath." Adding to the schadenfreude was the upset win by Gina Hinojosa, the state's first Latina governor-elect, over monstrous Greg Abbott. In a stunning twist, Dems also won every statewide office down to railroad commissioner, along with four Supreme Court seats; the wins prompted an explosion of noisy joy in Austin that "sounded like an Eastern European city that just overthrew a dictator.” The cherry on top: Texas' new Dem Attorney General, who campaigned on investigating Elon Musk after he moved his business there to escape California woke, can now prosecute him for state level crimes without any DOJ interference.
Musk, who spent half a billion dollars nationwide and lost every race he tried to buy, is among MAGA fat cats, tech bros and grifters who'll likely be targeted by California's (easily reelected) Robert Garcia, set to chair the House Oversight Committee. His blunt message: "Lawyer up." Many others also feel "the only way we want Dems to reach across the aisle is with a subpoena." With an "accountability bill" ready, Dean Blundell argues, "A LOT of people need to go to jail" - Hegseth, the Trump family crypto empire, the DOJ hacks who covered up Epstein crimes, the Rapist-In-Chief, the sadists of ICE once it's been "torn down to the studs." Scores of voters also demanded justice for their victims Renee Good, Alex Pretti and Lorenzo Salgado Araujo by putting "I Voted" stickers on their memorials: "They were on the ballot."
Over at the presumably ketchup-encrusted White House, Trump remains in his own daft fantasy world, the "lamest of lame ducks." He burbles he "looks forward to working with" the trans jihadists he says are destroying America, but he'll veto everything. He's awash in his "magnificent" ballroom. He insists if he was on the ballot "we'd have won IN A LANDSLIDE," but of course he was and CNN's John King is happy to name all the places he told voters to pretend he was: "They did. They'd had enough." Even his cultists - and ex-cultists - blame him: "The reason isn't them, it's you. You fucked us. We chose Hitler with Down Syndrome, and we lost." Online, meanwhile, the White House posted a desperate "PSA: Trump Is Still Your President." Like we could forget.
Still, the seismic shift tentatively feels like a new dawn, a path toward redemption, a sliver of hope, the long-ago thing with feathers we can barely remember. Candidates, volunteers, organizers, lawyers stepped up, and vast numbers of Americans showed up to support them. The mood was buoyant. Some said they wished Mitch McConnell was alive to see the Senate results. The Borowitz Report said Mike Johnson begged God to "rapture him up" immediately; tearfully, he said that as a loyal Republican he couldn't bear to be in a "minority" because he hates 'em all. Another report said a bitter Elon Musk put Ken Paxton on eBay; no buyers yet. Also, tragically, two sources say cracks and peeling have again emerged in the Reflecting Pool, but MAGA is on it. Said an Interior spokesperson, "The Reflecting Pool has never looked this beautiful, and it's all thanks to President Donald J. Trump."
Update: Can you say learned nothing, knows nothing, never will, truly astoundingly losing it? On Thursday, our lame-duck loser displayed his stellar grasp on political priorities - what election? - by signing an entirely meaningless order proclaiming nobody can de-Cheesecake Factory his tacky abomination of a golden whorehouse of an Oval Office, 'cause then he'd be some pissed and don't forget we won World War One. Beyond the surreal looking-glass,
- YouTube www.youtube.com
- YouTube www.youtube.com
With the next United Nations Climate Change Conference less than a week away, greenhouse gas levels soaring, and a temporary overshoot of the Paris Agreement's 1.5°C goal now inevitable, Brazil, the host of last year's COP30, on Tuesday published a pair of roadmaps for transitioning away from planet-heating fossil fuels and tackling deforestation.
"We don't need more negotiations. What we need is for governments to start taking action," André Aranha Corrêa do Lago, the Brazilian diplomat who served as the president of COP30, told Reuters. "We need to completely change the way governments deal with climate change. To implement this, we need finance, infrastructure, and transportation ministers at the table."
In his foreword for the transition report, Corrêa do Lago explained that at the closing plenary in Belém last November, "and in the context of the COP being held in the Amazon, I committed to developing... roadmaps for implementing two outcomes of the First Global Stocktake, agreed by consensus at COP28 just two years earlier: (i) transitioning away from fossil fuels in energy systems in a just, orderly, and equitable manner; and (ii) enhancing efforts toward halting and reversing deforestation and forest degradation by 2030. With their publication, that commitment is fulfilled."
"Both transitions depend on finance," he stressed. "The two roadmaps are therefore presented alongside a third document, 'Implementing the Baku to Belém Roadmap to 1.3T,' which sets out how financing to developing countries for climate action can be scaled up from all public and private sources to at least US$1.3 trillion per year by 2035. Read together, the three documents describe what has to change and propose ways forward so that change can be financed and sustained."
After ending with what critics called "an empty deal," COP30 was condemned as a "catastrophic failure to take concrete action to implement a funded and fair fossil fuel phaseout," and there was some criticism of the new roadmaps for also not going far enough.
Greenpeace Brazil executive director Carolina Pasquali said in a statement that "this is a major effort by the COP30 presidency and a crucial step towards ensuring the COP28 decision to transition away from fossil fuels is fully implemented. As our climate races towards a 1.5°C overshoot, the roadmap encourages important measures but stops short of setting clear fossil fuel phaseout targets or calling for an immediate halt to the expansion of fossil fuels."
However, Pasquali praised the forests roadmap—launched in the aftermath of Brazilian President Luiz Inácio Lula da Silva's reelection victory over far-right candidate Flávio Bolsonaro—which she said "represents a major effort from the COP30 presidency and was launched with the credibility of a Brazilian government that has achieved the lowest deforestation rate in its history. The presidency has helped bring together, through multiple contributions and dialogues, a wide range of existing initiatives and views."
It remains slightly mad that governments have agreed to phase out fossil fuels from energy systems, but can't agree to even the principle that having a plan for doing so would be a good idea. www.businessgreen.com/news-analysi...
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— James Murray (@james-bg.bsky.social) November 3, 2026 at 11:34 AM
Despite some shortcomings, other climate campaigners welcomed the roadmaps—released as activists and world leaders alike prepare for COP31, which is scheduled to kick off Monday in Antalya, Türkiye.
"Brazil has offered a valuable blueprint for the global transition away from fossil fuels," said Oil Change International global policy lead Romain Ioualalen in a statement. "It recognizes there is no one-size-fits-all pathway, that all countries need to plan their transition now, and that equity and finance are critical to achieving fossil-free prosperity in many countries."
Like Corrêa do Lago, he emphasized that "now that we have a global roadmap, we need to see action. If all this process leads to is another series of dialogues, it will be a massive missed opportunity in an already closing window. Countries need to develop their own domestic roadmaps that plan their economic diversification away from fossil fuels using the guidance and tools provided by Brazil’s report."
"We also need to see the global Mutirão for the transition away from fossil fuels deliver key decisions that allow countries with strong economic and energy constraints to unlock their transition. The Second Global Stocktake in 2028 will be a critical opportunity to make that happen," Ioualalen continued.
"Delivering on this global roadmap for countries with deep financial constraints hinges on finance. But it does outline some finance tools that have a track record of failing, like debt swaps and derisking methods," he noted. "Enough public finance can be delivered to fund a fair fossil fuel phaseout as rich countries can unlock trillions every year through taxing polluters and extreme wealth, ending fossil fuel subsidies, and reforming unfair financial rules."
Ioualalen added that "one area of real concern is the suggestion that global action on reducing fossil fuel supply could wait until the 2030s. That would be a grave mistake, and a guarantee to further lock in fossil fuels and for a chaotic transition. Existing fossil fuel extraction projects already commit the world to emissions nearly seven times the remaining 1.5°C carbon budget. There is no time to pass the baton between supply and demand. Both need to be addressed now, through a fair, funded, and fast transition."
“The roadmaps are valuable but fall short of clearly indicating the pace of change needed by including no timeline or key benchmarks” ~Joeri Rogelj, professor of climate science and policy at Imperial College London.
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— Suzanne York (@suzanneyork.bsky.social) November 3, 2026 at 12:06 PM
Fanny Petitbon, a policy analyst at the international movement 350.org, similarly said that "this roadmap is a critical handbook for ending the fossil fuel era, which leaves governments with no excuse not to act. It offers every country a menu of policies to build its own plan to move away from coal, oil, and gas, whether it's a major producer, a big consumer, or an economy that depends on imports."
"Electrification is absolutely central to this transition, but it will only deliver if it is powered by renewable energy, matched by investment in modern grids, and brings clean, affordable energy to everyone," she highlighted. "We cannot swap one energy system for another while leaving the same communities behind."
Petitbon argued that "the roadmap must not end up as just another report gathering dust on a shelf. France, the Netherlands, and Germany have already published national roadmaps, but they fall short of the ambition the climate crisis demands and of their responsibility in it. Pacific Island states plan to deliver a regional strategy to break free from fossil fuels. So the question for all major emitters is simple: When will you submit your roadmap?"
"Rich nations must also mobilize public finance to support developing countries with their transition and ensure that the fossil fuel industry cannot continue to profit from a crisis that is costing people their livelihoods, health, and homes," she asserted. "COP31 must be the moment when governments take this work forward, with clear commitments, timelines, and the resources to deliver a fair and orderly exit from coal, oil, and gas."
"The COP30 presidency has set out clear next steps, and future COPs must keep this issue at the top of the agenda every year so the momentum is never lost," she added. "2028 will be the moment of truth. As the world will take stock of how far it has come in delivering the Paris Agreement, it will become clear who has honored the promise made in Dubai to transition away from fossil fuels, and who has walked away from it."
As a progressive US senator warned Wednesday that Anthropic going public could leave "Americans holding the bag" if the artificial intelligence bubble bursts, The American Prospect revealed that key Democrats in the House of Representatives have crafted a resolution opposing federal bailouts for AI giants like the ones "too-big-to-fail banks" got nearly two decades ago.
The seven-page resolution obtained by Prospect executive editor David Dayen frames the 2008 global financial crisis as a result of "profit-driven financial risk-taking, fueled by Wall Street's speculative fervor and unleashed by years of zealous deregulation," as well as an example of what not to do when it comes to the booming AI sector.
"The economic harm of a multitrillion-dollar housing bubble caused by predatory lending, reckless financialization and securitization, and off-balance-sheet lending led to a massive surge in layoffs, with the unemployment rate hitting almost 10% at the trough of the Great Recession in 2009," the seven-page measure recalls. "The weak labor market persisted for nearly a decade."
Now, AI firms "hold trillions of dollars in debt, much of which is raised in opaque and unregulated private credit markets," the resolution continues. Financing terms of many "data centers as well as the costs and revenues of major artificial intelligence firms are not publicly available and... corporate borrowing to fund data center investments are multiples higher than projected revenues."
AI-related stock prices "have inflated even more than the tech giants of the 1990s," the measure notes, warning that "a collapse of an artificial intelligence bubble could have serious consequences for the economy, similar if not more significant than the end of the 1990s tech bubble or the 2008 global financial crisis."
Thus, it argues, "Congress must refuse to provide any additional funds or exceptional regulatory support to companies or financial institutions facing insolvency or financial collapse due to exposures to acute stress within the artificial intelligence market and must provide support to all harmed Americans instead."
While politicians from both parties have been ripped for their ties to Big Tech and AI specifically, the resolution explicitly calls out related failures under Republican President Donald Trump, who recently gathered industry leaders at the White House to sign a "self-policing" accord that critics said was "as dangerous as it is absurd."
House progressives' measure points out that "federal regulators have avoided applying robust scrutiny and oversight regarding enormously complicated debt and equity schemes used by artificial intelligence firms or the circular financing mechanisms involved" in the AI data center build-out.
Additionally, "the White House's artificial intelligence and cryptocurrency czar was personally invested in at least 449
companies" tied to AI "while pushing to eliminate government obstacles," the resolution says, "reflecting the administration's broad deregulatory focus and conflicts of interest" when it comes to this industry.
The House Progressive Caucus is ready for the collapse of the AI bubble. The rest of us should be also. No bailouts for the AI billionaires prospect.org/2026/10/28/h...
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— Dean Baker (@deanbaker13.bsky.social) October 28, 2026 at 7:53 AM
Though the resolution has not yet been introduced, Dayen reported on it less than a week before the midterm elections that will determine control of Congress for the remainder of Trump's second term. It's spearheaded by Congressional Progressive Caucus Chair Greg Casar (D-Texas) and House Financial Services Committee Ranking Member Maxine Waters (D-Calif.).
"Big Tech and Wall Street are taking enormous risks with billions in borrowed money to fuel the AI boom, despite growing warning signs of a dangerous bubble," Waters told him. "We cannot let history repeat itself. The American people should never again be forced to foot the bill for billionaires' reckless bets."
Casar, a 37-year-old former labor organizer, highlighted that "many of us, myself included, came into political life watching as many people who caused the crisis in 2008 or cheered it on weren't held accountable."
"We know that the American people were appalled at these Wall Street executives nearly two decades ago, and they're even more pissed off at these tech oligarchs today. We shouldn't be trying to make them whole," said the congressman, who also leads the Ban Artificial Superintelligence Act with Sen. Bernie Sanders (I-Vt.).
Polling released this past summer by Data for Progress found that among the "bad actors" Americans blame for the country’s concerning conditions, billionaires rank No. 1, but AI companies and social media giants are in the top 10.
The progressives' proposal "is a nonbinding 'sense of the House' measure," Dayen explained. "But it sets a marker that no bailout funds should be made available to AI companies. Casar wants the measure to be voted on early in the next Congress if Democrats take power, if not sooner, to get everyone on the record about an AI bailout."
Welcoming the resolution on social media, economist Leslie Ehrlich called it "both correct and good politics," adding, "Let the Republicans vote against it and be pro-bailouts."
Sen. Bernie Sanders this weekend continued to hammer away at the idea that Democrats in Congress—following sweeping gains in last week's midterm elections—must embrace and push for bold policies that match the economic populist hunger voters have shown.
Having won new majorities in both the US House and Senate, Sanders issued a public missive Thursday telling Democrats that winning the midterm "is not enough" and that "we have got to do more" to fulfill the mandate provided by an electorate that has strongly signaled its desire for a Democratic Party that goes beyond incrementalism, corporate-friendly triangulation, and tepid solutions to the hardships the nation's working class has long endured.
"No more excuses," Sanders said in a social media post on Saturday. "Democrats must deliver."
In his argument last week, Sanders said, "Whether we like it or not, we are living in an unprecedented moment in American history where our country faces extraordinary crises. We cannot and must not run away from them when Democrats assume power in January. These crises must be dealt with."
Appearing Sunday on Meet the Press with NBC News' Kristen Welker, Sanders repeated his argument by saying the election results showed that people are sick of the Trump era, but also ready to go much further in terms of solving the nation's problems.
"What I think this election was about was the American not only expressing disgust with Trump and his policies, but also demanding real change," said Sanders. "No more tinkering around the edges."
This election showed that the American people want BOLD change: - Medicare for All- A wealth tax on billionaires so that we can build affordable housing, have universal childcare and free tuition at public colleges and universities. - Raise the minimum wage to $20 an hour.- End the war in Iran and U.S. military aid to IsraelLET’S DO IT
— Bernie Sanders (@BernieSanders) November 8, 2026
"Now is the moment when Democrats have got to stand up to big money, create an economy and government that works for all of us," said Sanders, who added that his two top priorities when the new Congress is sworn in will be working to enact a Medicare for All healthcare system and taxing billionaires who for too long have avoided paying their fair share.
In his post on Saturday, Sanders listed other specific policy items Democrats must embrace, alongside polling numbers showing how popular those policies are—not just among Democrats and progressives, but among American voters overall.
"Let us do what the American people want," said Sanders on Meet the Press. "Create an economy that works for everybody. Stand up to the billionaire class."
With both Sen. Chuck Schumer (D-NY) and Rep. Hakeem Jeffries (D-NY) under pressure to recognize that the base of the Democratic Party is moving away from the kind of leadership the pair of New York lawmakers represent as key members of the Establishment wing, Sanders' message—which he has been railing on since his 2016 presidential run—is resonating among those seeking bigger and transformative change.
"Democrats won by recognizing Americans’ economic pain, denouncing Washington corruption that has made a rigged economy worse by favoring giant corporations over working people, and by pledging to upend this system," said Sen. Elizabeth Warren (D-Mass.) on Sunday. "Americans need Democrats to deliver now."
Montanans are voting Tuesday on a potentially groundbreaking ballot initiative that could become a model for how to overturn Citizens United v. Federal Election Commission—the 2010 US Supreme Court decision that ushered in the era of unlimited money in politics—without the near-impossible necessity of a constitutional amendment.
Citizens United established that the government cannot restrict independent political expenditures by corporations, labor unions, and other outside groups on the basis of their corporate or union identity. Simply put, the decision affirmed corporate personhood and, essentially, that money is speech that cannot be restricted.
Since then, super political action committees have proliferated, and corporate spending has exploded from just $12.8 million during the 2010 election cycle to $737 million during the current one.
Initiative 194, also known as the Montana Plan, would prohibit corporations, nonprofits, trade associations, and other artificial entities from spending money to influence elections and ballot measures in the state. Rather than attempting to restrict corporations' constitutional rights as affirmed by Citizens United, states could simply not give corporations the legal power to spend on politics.
"A yes vote on I-194 means that only real people—not corporations, unions, trade associations, nonprofits, or groups with anonymous donors—are allowed to spend money in Montana elections," the Yes on Initiative 194 campaign said on its website.
"It's time to kick the oligarchs out of Big Sky country," the campaign added.
The proposal's backers argue that legal entities should not have the same rights as natural persons.
"Each state creates and defines its corporations. It need not permit its creations to consume it," Tom Moore, a senior fellow at the Center for American Progress (CAP), explained in September, arguing that corporations are legal creations, not natural persons, and that states retain broad authority to determine what powers they exercise.
"When the state creates a corporation, it is starting from nothing and deciding what to give the corporation, and no case has ever held that they have to give local spending power to a corporation," Moore told Fortune on Tuesday. "It's not regulation; it's redefinition."
Moore stressed that Initiative 194 "is not going to stop Elon Musk from writing a big fat check to some election in Montana."
"What it will stop them from doing is laundering the money through a dark money group," he added.
Montana's former commissioner of Political Practices, Jeff Mangan—who spearheaded Initiative 194—was equally blunt.
"The Montana Plan simply removes the ability for corporations to spend in our politics," he told Montana PBS. "By removing the corporation's ability to spend in our politics, we end dark money. Simple as that."
Initiative 194 has attracted support from Montanans concerned about the growing influence of wealthy donors and anonymous political spending.
"Most people I talk to when they hear about the prospect of getting dark money out of elections are in favor of it," state resident Nathan Kommers told Montana PBS. "I think that it makes sense to almost everybody."
Shannon Stober, who lives in the Bozeman area, said: "I think what I've observed over the past 15 years is the ways in which money and politics has completely created a decline in civic engagement and participation. A lot of people have just decided that their participation doesn't matter and they don't feel like there's a way out."
Opponents, including the Montana Chamber of Commerce, argue that Initiative 194 violates the First Amendment by restricting organizations' political speech. If passed, the measure will surely face legal challenges.
However, former Republican Montana Gov. Marc Racicot, who supports Initiative 194, said the effort is worthwhile regardless of the ultimate outcome.
"You can't just sit back and curse the darkness," he told Montana PBS. "You have to try and do something about it."
The Trump administration launched a new bombing attack on Iranian territory Monday night, striking Qeshm Island in the Strait of Hormuz on the eve of the US midterms amid mounting fears of a massive post-election assault.
The Wall Street Journal was first to report the strikes, which a US official characterized as a "defensive measure" in response to Iran's use of surface-to-air missiles against American forces that have been waging an illegal war of aggression against Iran since February. The Journal noted that "in one instance on Monday, Iran’s Islamic Revolutionary Guard Corps fired a surface-to-air missile at a US jet fighter, which fired back in self-defense."
The US military did not publicly announce the attack on Qeshm Island, which came hours before American voters were set to head to the polls to decide whether President Donald Trump's party should remain in control of Congress. The Journal reported that the Trump administration has "purposefully" been keeping its recent campaign of smaller-scale strikes on Iran quiet "so as not to signal any intention of resuming major combat operations."
Kazem Gharibabadi, Iran's deputy foreign minister, said Tuesday that "Iran is prepared for any scenario" and stressed that the country "retains its right to legitimate self-defense until the military aggression has been brought to a complete and permanent end."
Last month, Trump vowed—falsely, given Monday's strikes—that the US would "not be attacking Iran at any time prior" to the midterms and that the two sides were engaged in "productive discussions."
Vice President JD Vance asserted Monday that he and Trump "both feel really good about the prospect of potentially coming to a negotiated settlement" to end the massively unpopular and destructive war with Iran.
Jamal Abdi, president of the National Iranian American Council, said late Monday that "after eight months of an illegal war, there was finally some hope that a diplomatic agreement might be within reach and this war could end through negotiations rather than spiral into the violent scenarios being threatened after the midterm elections."
"But these deeply alarming revelations suggest we may be heading in precisely the opposite direction," Abdi said of the Qeshm Island strikes and other recent attacks on Iran. "Every day that Congress fails to intervene is another day this administration is allowed to wage an unauthorized war, conceal its military operations, and gamble with millions of lives. Congress must immediately demand answers, oppose further military action, and use its power to cut off funding for this unauthorized war. Americans must raise their voices and demand that their representatives act now. There is still a chance to prevent another catastrophe, but that window may be closing. We cannot afford to let this war escalate further.”
The latest US strikes came days after Sen. Chris Murphy (D-Conn.) warned that the Trump administration was considering an "insane" plan to resume major attacks on Iran following Tuesday's midterm elections.
If the plan is carried out, Murphy said, "it will lead to devastating escalation and the likely destruction of our commitment to the rule of law."
Murphy, whose remarks were based on information he and other lawmakers received during a classified briefing, did not specifically warn that Trump is considering the use of nuclear weapons against Iran. But concerns about such a grave escalation grew over the weekend after far-right commentator Tucker Carlson—who has vocally criticized the president's decision to wage war against Iran—claimed that the Trump administration "may be within days of launching a nuclear strike on Iran."
"Whether these allegations reflect serious military planning or reckless posturing, the very possibility of a US nuclear attack on Iran is an unconscionable horror," NIAC said in response.
"We need clear and moral leadership in the Senate. We need people who understand this moment and what it demands," one supporter said. "Do it."
"Do not stop calling!" was the message that the progressive grassroots organization People for Bernie took from the news Monday that not only had Sen. Chris Van Hollen announced that he was considering a run to replace Senate Minority Leader Chuck Schumer after calls poured into his office, but cracks were also appearing to form in Schumer's support among his longtime colleagues in the upper chamber.
As Punchbowl News reported that Van Hollen (D-Md.) had not ruled out running for the top leadership post less than a week after Democrats swept the crucial midterm elections, it was reported that Sen. Richard Blumenthal (D-Conn.) declined to endorse Schumer (D-NY) to be Senate majority leader when the new Congress is sworn in in January.
"We need a conversation about leadership going forward because we need new energy and ideas," Blumenthal told reporters, according to News 12 in Connecticut.
People for Bernie called Blumenthal's remarks an "absolutely seismic shift in less than a week," following last week's elections in which the GOP was stunned by its losses to Democrats in states including Texas, South Carolina, and Kansas.
Progressives have emphasized that many winning candidates, even those who did not run as left-wing contenders, campaigned as adversaries to billionaires, corporations, and the powerful American Israel Public Affairs Committee (AIPAC)—which counts Schumer as one of its top recipients of campaign cash—and rallied supporters with rhetoric popularized by progressive leader Sen. Bernie Sanders (I-Vt.), long dismissed by establishment Democrats as an extremist who was out of step with the party's base.
Despite those dynamics, Schumer has expressed confidence that he will remain as the party's leader in the Senate.
On Monday, he told CNN that Democrats' electoral victory was "about to become the largest landslide in the history of the Senate since the '50s, and now we're ready to roll up our sleeves, get to work, and lower costs for the American people.” He did not answer a question from reporter Morgan Rimmer about a possible challenge for the Senate majority leader post.
After Van Hollen said last week that Schumer must earn the support of his colleagues by putting forward a "bold agenda," a source close to the senator told Punchbowl News that he has "received an outpouring of calls" from voters who want him to challenge Schumer.
Van Hollen, said the source, "is now in active listening mode... The door is not shut."
Democratic strategist Sawyer Hackett rejected the suggestion by some political observers that a challenger to the senior Democrat, who has been in office since 1999 and previously served in the US House of Representatives for nearly two decades, would never win the race to lead the party's new Senate majority.
"It’s possible the floodgates open if someone has the courage to step up," said Hackett.
Van Hollen won praise from progressive organizers last year when he swiftly traveled to El Salvador to demand the safe return of his constituent, Kilmar Ábrego García, whom the Trump administration had unlawfully deported to the Central American country. Criminal charges against the Maryland resident were thrown out by a federal judge in May, but the White House has continued pushing to deport Ábrego García to another country.
The senator has also been a vocal critic of the administration's blockade on Cuba and Israel's violent US-backed policies in the West Bank and Gaza, and forced a vote this year on ending President Donald Trump's illegal, unpopular war in Iran.
"Voters elected a majority to fight back. It should be led by someone who's been in the fight all along," said organizer Cheyenne Hunt.
With many establishment Democrats still reticent to vote against the interests of Israel, corporations, and Big Tech, Van Hollen would "have a caucus to deal with," said Saikat Chakrabarti, co-founder of Justice Democrats, "but having him in charge makes sure bills to continue sending money to Israel don’t get votes."
Blumenthal, a longtime defender of Israel, was the third sitting Senate Democrat, after Van Hollen and Sen. Elissa Slotkin (D-Mich.), who took office last year and has frequently called for a "new generation" of party leadership, to decline to endorse Schumer. Slotkin said Saturday she was considering a run.
Sens.-elect Adam Hamilton (D-Kan.), Annie Andrews (D-SC), James Talarico (D-Texas), Juliana Stratton (D-Ill.), and Troy Jackson (D-Maine) are among the incoming lawmakers who have declined to support the Democratic leader.
After the announcement by Blumenthal, who has served alongside Schumer since 2011, Cory Archibald of AIPAC Tracker said she was "starting to think Chuck might actually be done."
"Do it, Chris Van Hollen," said Archibald. "We need you. We need clear and moral leadership in the Senate. We need people who understand this moment and what it demands. Do it. We're with you."
Meanwhile, in the US House, a number of newly elected progressive representatives have refused to throw their support behind House Minority Leader Hakeem Jeffries (D-NY) for speaker.
As Blumenthal broke with a majority of his colleagues on Schumer's bid, progressive strategist Deep Singh Badesha said, "I'm begging the House Democrats to also have this courage."
"It's scientific self-sabotage, and the American public will ultimately pay the price in the discoveries never made and lives never changed for the better."
Some scientists and scientific societies sued President Donald Trump's administration in the District of Massachusetts on Monday for shutting down the entity that provides nearly two-thirds of federal funding for basic academic research in the social, behavioral, and economic sciences.
The administration's effort to eliminate the National Science Foundation's Directorate for Social, Behavioral, and Economic Sciences (SBE) "is a disservice to the American public and a crushing blow to the behavioral and brain sciences," declared Juliane Baron, executive director of the Federation of Associations in Behavioral and Brain Sciences (FABBS).
"When I think about the biggest challenges facing people across our country—advancing health and well-being, providing economic and physical security for our loved ones—these are all inherently human questions," Baron stressed. "We can't solve pressing societal challenges without understanding humans."
FABBS partnered with the Society of Experimental Social Psychology (SESP), the Social and Affective Neuroscience Society (SANS), and two researchers—University of Massachusetts Amherst lecturer Jenna Croteau and Boston College assistant professor Gregg Sparkman—in the lawsuit, which Democracy Forward filed on their behalf.
Over the past century, the complaint explains, "SBE research has driven some of the most groundbreaking innovations in nearly every aspect of modern life—from the way doctors match kidney donors with patients, to how governments approach economic policy, national security, and international relations, to the models behind Google's search engine."
"SBE research has helped mitigate the opioid crisis, the spread of diseases like Ebola and Covid-19, and evolving threats posed by cyberhackers and terrorist networks in the United States and abroad," notes the filing. "And it has transformed economics."
As the complaint details:
When the Trump-Vance administration took office, it deemed these fields “woke.” In its 2026 budget proposal, the administration urged Congress to cut funding for the SBE Directorate. Congress refused. The congressional report that accompanied NSF's January 2026 appropriation expressly directed NSF not to reduce SBE’s budget by more than 5%.
Three months later, NSF decided to shutter the directorate anyway. On April 3, 2026—without a director, and without consulting the National Science Board, the body Congress required to make such decisions—NSF leadership announced that it would unilaterally "close-out" the SBE Directorate in fiscal year 2027. Since the April 3 decision, the agency has stopped funding opportunities for basic SBE research, released the scientists who work in the directorate on assignment from universities, and reassigned nearly all the directorate's permanent staff.
"The administration's dismantling of SBE is not only reckless; it is illegal," emphasized Democracy Forward president and CEO Skye Perryman. "NSF provided no public explanation for its decision to close the Social, Behavioral, and Economic Sciences Directorate, and this dangerous dismissal of scientific expertise is a threat to crucial scientific research. We are honored to work with this coalition to challenge the administration's crusade against science and the unlawful closure of the directorate."
Coalition members highlighted the importance of them prevailing in court, particularly in the current era of rapidly developing artificial intelligence with inadequate safeguards. SANS president Jennifer Kubota said that "understanding how the brain shapes trust, cooperation, emotion, and social behavior is essential to addressing some of society's most pressing challenges, from social isolation and polarization to the rapid emergence of AI."
"Eliminating NSF SBE funding for this research threatens decades of scientific progress and the next generation of scientists," Kubota continued. "Research opportunities lost today cannot simply be recovered tomorrow. We risk losing not only critical discoveries, but also the talented researchers who will make them."
A coalition of scientific societies and individual scientists has united to challenge the unlawful closure of the Social, Behavioral, and Economic Sciences Directorate (SBE) of the National Science Foundation (NSF). Happy to support SESP in joining this lawsuit.democracyforward.org/news/press-r...
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— Kate A. Ratliff (@kateratliff.bsky.social) November 9, 2026 at 1:02 PM
Columbia University professor and FABBS board member Jon Freeman delivered a similar warning, arguing that "we cannot allow this administration to shoot America in the foot."
"American behavioral science has transformed everything from the algorithms powering our technology to how we strengthen human connection, overcome social divisions, improve public health, and make better decisions in our everyday lives," he said. "Dismantling SBE would devastate a vital part of our scientific workforce at precisely the moment we need it most, as AI reshapes society. It's scientific self-sabotage, and the American public will ultimately pay the price in the discoveries never made and lives never changed for the better."
SESP executive officer Steven J. Stroessner also not only acknowledged the past but looked toward the future: "For decades, federal support for basic research in social psychology has helped us understand how people think, make decisions, and relate to one another. The resulting discoveries have strengthened our nation by improving education, informing public policy, fostering cooperation, and helping us address some of society’s most persistent challenges. Dismantling that support threatens not only the research being conducted today, but the discoveries we have yet to imagine."
"The next Congress has a responsibility to take these sorts of transactions seriously and root out the blatant corruption that has allowed America to turn into an oligarchy."
The American Economic Liberties Project on Monday called on the US Congress and state attorneys general to investigate the US Department of Justice's decision last week to abruptly end its probe into the proposed merger between Fox Corporation and TV streaming company Roku.
In a Friday announcement, the DOJ said that its investigation found it was "unlikely" that a Fox-Roku merger would pose "a substantial risk of harm to competition" in the TV streaming market.
The DOJ also said it was satisfied with Fox's pledge to keep Roku "an open and neutral content partner," noting that the media giant "would suffer monetary and reputational harm if it attempted to use the Roku platform to harm Fox's content rivals."
Although earlier reporting claimed that the DOJ would approve the Fox-Roku merger under a consent decree, the department instead signed off on it "with a simple affirmative press statement outlining commitments from Fox, several of which expire in just three years, and leaving the conditions without any judicial enforcement mechanism attached," explained the American Economic Liberties Project.
Additionally, the group pointed out that the DOJ's decision to end its merger investigation came just weeks after Fox made a $1 million contribution to First Lady Melania Trump's "Fostering the Future" initiative, a scholarship program aimed at helping foster children attend college.
“It should set off every alarm bell that the Fox Corporation is giving any money to the first lady’s foster care initiative during the Justice Department’s review of its Roku deal,” said Lee Hepner, senior legal counsel at the American Economic Liberties Project. "This is part of a documented pattern, where big media corporations curry favor with the administration, via donations and promises of favorable coverage, and then deals get done."
Hepner added that the DOJ's decision to sign off on the deal was part of a broader pattern of corporate consolidation and corruption under the second Trump administration.
“The next Congress has a responsibility to take these sorts of transactions seriously," he said, "and root out the blatant corruption that has allowed America to turn into an oligarchy, where power keeps getting consolidated at a remarkable rate."
"Leaders must get serious by cutting emissions faster," said UN Secretary-General António Guterres in a report released as COP31 kicked off in Türkiye.
The Earth is hurtling deeper into a climate emergency, with 2026 on track to be one of the four hottest years ever recorded, ocean temperatures and sea levels hitting record highs, and glacier melt accelerating at an alarming pace, according to a report released Monday by the World Meteorological Organization as the United Nations Climate Change Conference kicked off in Türkiye.
The WMO's "State of the Climate" report "shows that the past 12 years have individually been the warmest on record, with the past four years being the top four," according to a summary of the 25-page publication.
WMO further noted that "the global average surface temperature for January–September 2026 was about 1.47°C above the preindustrial average," or right on the brink of the 1.5°C of warming beyond which scientists say the risks of catastrophic and potentially irreversible climate impacts increase substantially.
2026 is on track to be one of 4 warmest years on record, marked by exceptional global temperatures, melting ice, rising sea levels, and a very strong El Niño that will unleash more heat & extreme weather into 2027.New WMO #StateOfClimate #COP31 Update↪️ https://bit.ly/stateofclimateCOP31pr
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— World Meteorological Organization (@wmo-global.bsky.social) November 9, 2026 at 12:33 AM
UN scientists said last month that the Paris Agreement's goal of limiting warming to 1.5°C this century is no longer achievable without an overshoot.
The 1.47°C figure "is likely to rise through the end of the year because of the warming effect of El Niño, which has been intensifying since August and is expected to be the strongest on record by December," the report's summary states. El Niño is the warm phase of a pattern in the Pacific Ocean whose impact on disrupts weather, ecosystems, and economies.
According to WMO:
Earth’s energy imbalance is rising... The imbalance reached its highest level since monitoring began, as greenhouse gases trap unprecedented amounts of heat and upset the equilibrium between incoming energy from the sun and outgoing energy. The ocean absorbs 90% of this excess heat, and 2026 is on track to be the 10th successive year of record ocean warmth.
Sea level is the highest on record, and sea-surface temperatures hit monthly records during 2026. The long-term retreat of glaciers continues—the annual mass loss of ice in 2025 would have filled five Olympic pools every second of the year. Freshwater storage has been dwindling since 2014.
“Extreme weather has made headlines throughout 2026. Behind the headlines and the statistics in this report are people who suffered the loss of loved ones, threats to their health and safety, flooded homes, failed harvests, empty shelves, lack of water, and choking air," WMO Secretary General Celeste Saulo said in the report.
"The past four years have been the warmest in the 177-year observational record, and the heat in the oceans is breaking records for the 10th year in a row," she continued. "The ongoing El Niño is forecast to be one of the strongest on record, and the heat it releases from the ocean will continue to fuel high temperatures and extreme weather into 2027."
“El Niño and indeed the state of the global climate in 2026 gives new meaning to the phrase off the charts," Saulo added. "El Niño doesn't add new heat to the planet. It releases heat from the ocean, which is the warmest ever measured. There is simply more heat available to release."
Indeed, climate scientists are warning that the planet is closer than previously thought to tipping points leading to hellish feedback loops and a "hothouse Earth."
United Nations Secretary-General António Guterres responded to the WMO report in a statement, saying: "We have entered a new age of climate extremes. A supersized El Niño is colliding with a planet already superheated by manmade climate change. Climate records keep falling. The human costs keep rising. And those least responsible are suffering first and worst."
"Leaders must get serious by cutting emissions faster, accelerating a just transition from fossil fuels, and delivering the finance and protection vulnerable countries need," he added.
The "State of the Climate" report was released on the first day of the UN summit, or COP31, in Antalya, Türkiye. Advocacy groups warned that world leaders must commit to phase out fossil fuels, finance a just transition to a post-carbon economy, and protect vulnerable populations from worsening climate harms.
“No country can confront this crisis alone. Those who have contributed least to global warming are often suffering the greatest harms. COP31 must deliver collective action that reflects this profound injustice,” Marta Schaaf, Amnesty International's program director for climate, environmental and social justice, and corporate accountability, said Monday.
“The world is not running out of climate warnings. It is running out of excuses," she continued. "After more than 30 years of climate negotiations, governments can no longer hide behind promises of future action or avoid confronting their fossil fuel industry allies."
"The climate crisis is not a failure of knowledge, but a failure of political courage," Schaaf added. "It is time to break the stranglehold of corporate power over political decision-making and end the fossil fuel era before it ends us."
Oil Change International global policy senior strategist Shady Khalil asserted that “we know what needs to happen. Governments must stop fossil fuel expansion, plan a fair phaseout of existing production, and invest public money in renewable energy and economic diversification."
"Wealthy countries must move first and fastest and provide the finance needed to make this transition possible everywhere," he added.
"We believe AOC can build the coalition this moment needs, ignite the spirit of a grassroots movement, and deliver on the promises others have failed to realize," said the new organization.
After beginning to quietly hold volunteer-led meetings this fall to mobilize voters around a push for US Rep. Alexandria Ocasio-Cortez to run for president in 2028, a new political organization officially launched Monday with the message that Americans around the country are "Ready for AOC."
"AOC is the only candidate who can lead the working-class movement to fight the oligarchy and transform America," said Ready for AOC in its inaugural social media post.
But to encourage the New York Democrat to launch a bid, which she has said she is considering while also weighing a potential run to unseat Senate Minority Leader Chuck Schumer (D-NY) in 2028, the group aims to enlist 10,000 people across the country who believe a presidential run is the direction she must go in following a wave of progressive victories in the midterm elections last week.
Those community leaders would be tasked with gathering at least 1 million signatures from voters pledging to support Ocasio-Cortez's run, talking to others about their support, and volunteering for a presidential campaign for the congresswoman, including by phone-banking and canvassing.
“The goal is to build the infrastructure of a grassroots movement in the case that she decides to run, but also to demonstrate to her that, ‘Look, there is a movement behind you ready to power you to victory should you choose to run for president,’” Ravi Sahai, a spokesperson for the group, told The New York Times.
Ready for AOC has already recruited more than 500 local political leaders and labor organizers in 35 states to begin gathering signatures.
Ocasio-Cortez has said she would consider whether to run for president or Senate, if she will launch a bid for another public office at all, after the midterm elections.
Progressives across the country have taken last week's election outcome as a clear signal that Americans are demanding that the Democratic Party fight President Donald Trump's MAGA agenda not only by holding his administration to account for its illegal war in Iran, violent mass deportation operations, and other alleged lawbreaking, but also by pushing for far-reaching legislation to secure government-run universal healthcare, a wealth tax on billionaires, and other bold and broadly popular policies.
Ocasio-Cortez campaigned on behalf of former Florida state Rep. Angie Nixon, a democratic socialist who came within two percentage points of winning her election after being vastly outspent in Trump's home state, and Sens.-elect Abdul El-Sayed (D-Mich.) and Troy Jackson (D-Maine), who centered Medicare for All in their campaigns.
Even candidates who didn't hold rallies alongside Ocasio-Cortez and progressive leader Sen. Bernie Sanders (I-Vt.) addressed audiences with rhetoric and promises that would not have been out of place on Sanders' presidential campaigns in 2016 and 2020.
"We know the status quo isn't working, and that America is hungry for a different kind of candidate. A candidate who will represent the needs of the working class instead of Big Tech billionaires. A candidate who won't fold under pressure. A candidate who is ready to deliver for the many, not the few," reads the Ready for AOC website. "The lesser of two evils won't deliver the landslide victory we need to pull our country back from the brink, but AOC can."
Over the past two years, Ocasio-Cortez has joined Sanders at rallies as part of his Fighting Oligarchy Tour, speaking to large crowds in rural Colorado, Utah, and Montana about the push for Medicare for All, the need to stop billionaires from pouring hundreds of millions of dollars into elections, and the demand for a “fair economy for working people."
Allies of Rep. Ro Khanna (D-Calif.), another progressive lawmaker, have also formed a committee to urge him to launch a presidential run. California's Democratic governor, Gavin Newsom, who recently angered economic justice advocates by opposing the state's proposed wealth tax, and Gov. JB Pritzker (D-Ill.) are among the leaders who are thought to be likely contenders.
In a poll regarding a hypothetical 2028 race taken last December by The Argument/Verasight, Ocasio-Cortez led Vice President JD Vance, widely considered to be the heir to Trump's far-right MAGA movement, 51%-49%.
At the "house meetings" it's already begun holding, Ready for AOC's organizers have hosted groups of 10-20 friends and neighbors to rally support for the congresswoman.
"We believe AOC can build the coalition this moment needs, ignite the spirit of a grassroots movement, and deliver on the promises others have failed to realize," said Ready for AOC. "We believe that together, the many can defeat the monied interests, and that a better world is possible."
"This is not simply the result of bad weather," said a regional director at Save the Children. "This is a choice."
As severe floods ravage Gaza, Israel is continuing to block the entry of tents, repair materials, and mobile homes despite the aid provisions of the October 2025 “ceasefire” agreement.
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) reported Monday that more than 150,000 tents are ready to be sent to Gaza, where it said more vacuum trucks and mobile dewatering pumps were urgently needed.
At least 70,000 tents were flooded in a single day this weekend. At least one infant reportedly drowned. A mother and her two children, along with three other children from the same family, were killed when a sandbank collapsed onto their tents.
“Over the weekend, while families slept, water flooded their tents and engulfed entire camps,” said Ahmad Alhendawi, Save the Children’s regional director for the Middle East and North Africa. “Children shivered in the bitter cold without winter clothing, and families lost the few belongings they had left. It is heartbreaking, and it was entirely foreseeable.”
“Israel is restricting access to shelter materials and has rendered 65% of Gaza off-limits. People have no safe place to go,” said Wassem Mushtaha, who leads Oxfam’s response in Gaza. The group has performed emergency maintenance on rainwater drainage networks and supplied tools for repairs.
He said that “urgent access is needed for spare parts, engine oil, pipes, and heavy machinery, in addition to shelter materials, to avoid more people being killed this winter.”
Most buildings in the territory were destroyed in Israel's genocidal war over the past three years. Of the Gaza residents who are living in makeshift shelters, according to Save the Children, about 1.2 million people, including over 560,000 children, are living in “critical or catastrophic” conditions, including flimsy tents and improvised structures that are often ill-equipped to handle the elements.
“Tents and tarpaulins are not the answer to Gaza’s winter,” said Jan Egeland, secretary-general of the Norwegian Refugee Council. “They cannot withstand heavy rain and strong winds, and many are already worn out after months of use far beyond their intended lifespan.”
OCHA reported Friday that no emergency shelter kits were available in Gaza because Israeli authorities had rejected timber shipments.
“Palestinians have the right to receive the assistance they need,” Egeland said. “States must press Israeli authorities to uphold their obligations and facilitate the entry of humanitarian aid and essential materials. Palestinians must not face another winter without adequate shelter. They cannot wait.”
The ceasefire agreement called for 60,000 mobile homes and prefabricated shelters to be allowed into Gaza to house displaced families, but Israel has allowed almost none to enter.
“All the tents are now damaged, torn, and covered in mud,” said Jaber al-Kaseeh, a man in his 70s whose family was forced to flee their tent in central Gaza’s az-Zawayda area this weekend after floodwaters began rushing in.
“We urgently need tents, tarpaulins, plastic sheets, mattresses, blankets, and carpets to protect us from the difficult days ahead,” he told Al Jazeera.
“We keep hearing about tents and tarpaulins being distributed, but we have received nothing,” he added. “We had hoped the mobile homes and temporary housing units promised under the ceasefire deal would allow us to rest and return to a life of safety and peace. But it was all just words in the air. We have seen nothing.”
Over the past two winters in Gaza, dozens of people—among them at least 26 children, including newborns—have died from hypothermia due to a lack of adequate shelter.
“This is not simply the result of bad weather,” Alhendawi said. “Tents, shelter kits, and fuel are waiting at Gaza’s borders while children sleep in floodwater because the Israeli authorities are blocking their entry. This is a choice, and children are paying the price.”
“As the occupying power, Israel has a legal obligation to ensure civilians receive the supplies they need to survive,” he added. “Instead, it is depriving families of the most basic means to protect their children, and it must be held accountable for any child deaths that result.”
“Israel’s ongoing genocide has resulted in the near collapse of all functioning systems in Gaza,” Mushtaha said. “Governments must insist that Israel allows for unimpeded access to recovery and repair materials to restore essential infrastructure and ensure Palestinian-led reconstruction efforts across Gaza.”
"All this dealmaking leads to staggering amounts of cash."
Forbes reporter Dan Alexander on Sunday thoroughly debunked claims made by President Donald Trump that his net worth grew by $3 billion since his return to office solely due to gains in the stock market.
During an interview with CBS News' "60 Minutes," Trump was asked by Ross Douthat about a Forbes estimate showing that Trump's net worth had grown from $3.9 billion in 2024 to $7 billion in 2026.
"Your net worth went up by $3 billion..." Douthat began.
"So did everyone's!" Trump replied.
Ross Douthat asks the President how his net worth rose by nearly $3 billion, according to a Forbes estimate, since he returned to office. Watch the interview Sunday at 7 p.m. ET/PT on 60 Minutes.
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— 60 Minutes (@60minutes.bsky.social) November 8, 2026 at 10:37 AM
"My net worth did not go up by $3 billion," Douthat shot back.
"Well, you should have had stock," Trump said.
Trump then claimed that he didn't pay too much attention to his net worth and said, "I guess it's gone up" over the last two years.
Alexander responded to Trump's claims in a social media post, giving detailed breakdown of how Trump's net worth grew by $3 billion, and emphasizing that "the president's answer here is nonsense."
Alexander began the story in 2024, when Trump grew his net worth by $1.8 billion while running for president when the Trump Media and Technology Group became a publicly traded company after a merger with Digital World Acquisition Corp.
The Forbes reporter emphasized that this was just the start of Trump's political profiteering, which he would really kick into high gear in the latter half of 2024.
"Just before the election, Trump kicked off a venture named World Liberty Financial, selling a crypto token and offering vague promises of a 'financial revolution,'" Alexander explained. "For Trump, the proposition was clearer: a 52.5% cut of every dollar investors put in after the initial $30 million."
Twenty days after Trump's triumph in the election, Chinese billionaire Justin Sun invested $30 million into World Liberty Financial, which ensured that the Trump family "would collect," wrote Alexander.
"The crypto community went wild, and money started pouring in, especially as the inauguration approached," Alexander continued. "One day before Trump took office, Sun announced another $45 million investment."
During this period, Trump also launched his official meme coin, which quickly shot up in value before crashing back down, leaving most of its investors billions of dollars underwater.
Alexander noted that foreign investments into World Liberty Financial continued pouring in after the election, especially from firms located in the United Arab Emirates.
The Wall Street Journal would later report that many of these investments were made by associates of an Abu Dhabi royal family member who "secretly signed a deal with the Trump family to purchase a 49% stake in their fledgling cryptocurrency venture for" $500 million.
"All this dealmaking leads to staggering amounts of cash by the end of 2025," Alexander explained, with World Liberty Financial and the Trump meme coin producing "$1,425,000,000 of liquidity... in one year."
In addition to crypto schemes, Trump also vastly expanded his overseas licensing empire, which in 2025 generated 10 times more income than it did just two years prior, Alexander wrote.
Summing up his findings, Alexander wrote that Trump over the last two years had made $1 billion off World Liberty Financial dealings, $1 billion from the sale of crypto tokens, $400 million in branding ventures, and $500 million after an appeals court wiped out a fine he had been ordered to pay as part of a civil financial fraud case.
This means that Trump's vast enrichment over the last two years has come from his own personal business dealings, not just gains in the stock market.
"In fact, almost none of Trump's $3 billion in gains from the fall of 2024 to the fall of 2025 came from stock," wrote Alexander. "In the fall of 2024, we estimated that the president's liquid assets totaled about $415 million. After analyzing his financial disclosure, we pegged about 10% of that in stock."
Sen. Elizabeth Warren is reportedly preparing to grill bank CEOs and push for a cap on credit card interest rates, among other policies.
Poised to take over as head of the Senate Banking Committee in the new Congress starting in January, progressive US Sen. Elizabeth Warren of Massachusetts is reportedly preparing to use her powerful role to investigate Wall Street banks and other big corporations accused of profiteering at the expense of working-class Americans.
An unnamed aide to Warren on the banking panel told Politico that "Big Tech CEOs, administration officials, Trump family crypto businesses, Wall Street executives, and giant corporations should preserve their documents and prepare to answer tough questions."
In addition to Warren's planned "oversight blitz," the senator also intends to "pursue affordability-centered policies," including "capping credit card interest rates, cracking down on what she calls 'corporate profiteering,' and pursuing a new bipartisan housing bill with soon-to-be ranking member Tim Scott (R-SC)."
"She’s also planning to continue teaming up with Republican China hawks to restrict exports of advanced AI chips, the aide said," according to Politico. "Nvidia CEO Jensen Huang, a key figure in that push, is also expected to be a top oversight target."
In a social media post on Sunday, Warren argued that Democrats won historic midterm victories "by recognizing Americans’ economic pain, denouncing Washington corruption that has made a rigged economy worse by favoring giant corporations over working people, and by pledging to upend this system."
"Americans need Democrats to deliver now," the senator wrote.
As head of the Senate Banking Committee, Warren would have significant power to demand testimony from corporate executives and advance subpoenas to force companies to hand over documents.
Reuters reported late last week that Warren "will likely probe the Office of the Comptroller of the Currency's August decision to approve a bank charter for President Donald Trump-backed World Liberty Financial."
"She is also likely to investigate the administration's mass firings of financial agency workers and its attempts to shut down the Consumer Financial Protection Bureau, an agency she helped create," Reuters added.
Once Democrats take power in the new Congress, Sen. Bernie Sanders argued they should pass legislation to lower the Medicare eligibility age and expand the program to children.
US Sen. Bernie Sanders on Sunday urged Democrats to use their new congressional majorities to lower the Medicare eligibility age by 10 years, expand the program to children, and add dental, vision, and hearing coverage—steps that the progressive senator said would put the country on a path toward a Medicare for All system.
Sanders (I-Vt.), the leading proponent of Medicare for All in the Senate, argued that each proposal he outlined "can be passed with 51 votes in the Senate through reconciliation," a filibuster-proof budget process that would allow Democrats in the upper chamber to approve legislation without Republican support. Any Democratic bill would still face President Donald Trump's veto pen.
"Let's do it," the Vermont senator wrote on social media, calling his plan "an immediate first step toward Medicare for All."
In recent years, Sanders has repeatedly pushed Democrats to incrementally expand Medicare as part of a broader effort to ultimately provide every person in the US with comprehensive health coverage as a right.
The senator's past efforts, including during the Covid-19 pandemic, focused largely on lowering the Medicare eligibility age to 55, but some policy experts have argued that Medicare expansion should begin with children.
"This would move the ball forward on Medicare for All in a serious way by bringing a large group of people who are already not expected to pay for their own insurance into the system," Matt Bruenig, founder of the People's Policy Project, wrote in 2020. "It's easy to come up with many different combinations of ways to pay for it. Medicare for Kids is not a technically complicated proposal or even a very 'expensive' proposal in terms of fiscal cost. The question is only whether elected officials can summon the will to do it."
Sanders' proposal came amid a debate within the Democratic Party on how to approach healthcare in the new Congress after voters delivered a clear rebuke of the GOP agenda. As STAT reported on Monday, "There has been broad agreement among congressional Democrats that they should roll back the historic Medicaid cuts championed by President Trump, and restore the additional Affordable Care Act health insurance tax credits that, upon expiring, put coverage out of reach for many."
"For those debating whether the new Congress should consider big and bold reforms or pass practical help for people right away, the answer is yes."
But many in the public—and some newly elected Democrats—want the party to go much further and embrace Medicare for All, which research shows would save more than 100,000 lives and over $1 trillion per year. Rep. Pramila Jayapal (D-Wash.), the lead sponsor of Medicare for All legislation in the House, has said she plans to reintroduce her bill in the new Congress.
Sen. Chuck Schumer (D-NY) and Rep. Hakeem Jeffries (D-NY), who are widely expected to lead Democrats in the new Congress despite burgeoning opposition, don't support Medicare for All—though Schumer has previously backed proposals to lower the Medicare eligibility age.
Anthony Wright, executive director of the advocacy group Families USA, said following last week's midterms that "for those debating whether the new Congress should consider big and bold reforms or pass practical help for people right away, the answer is yes."
"Voters can and should expect action on multiple fronts: Congress' new majorities must use their oversight and investigative power to check this administration’s attack on our public health infrastructure," said Wright. "They should pass an affordability agenda of price reforms with bipartisan support. They can push to restore the tax credits and reverse, delay, or mitigate the Medicaid cuts before millions lose coverage."
"And beyond repealing and rebuilding," Wright added, "they should develop and pass policies to reimagine and reclaim our health system. Even if they face a veto, those proposals will set the stage for the next phase of health reform.”
"Too bad the US media can't find out about this," said one American critic recognizing that such displays of opposition to Israel's violent campaign of ethnic cleansing and forced displacement are rarely given much coverage.
An estimated 200,000 or more people—a sea of protesters dressed in red—marched and rallied in Amsterdam on Sunday to denounce Israel's ongoing genocide in Gaza, castigate the Dutch government and others in Europe for not doing enough to end the suffering and bloodshed after more than 3 years of US-back bombing, intentional starvation, and endless displacement in the world's largest open-air prison.
Organizers behind the "Red Line" rally—including The Rights Forum, Amnesty International Netherlands, Oxfam Novib, and others—celebrated the extraordinary turnout as they called for the Dutch government to do more to stop an Israeli government that "continues to kill, displace, and starve people in Gaza and the West Bank."
“What is happening there is inhumane,” said one protester, Mike van Dongen, who spoke to the Associated Press while he marched among the enormous crowd near the city's Museumplein. “As far as I’m concerned, [the Dutch authorities] are doing nothing. They don’t dare take any serious steps.”
As Al Jazeera reports, the protesters "called for tighter trade restrictions on Israel and a halt to all arms sales" to help bring an end to violence in Gaza and the occupied West Bank.
Large crowds join Red Line Gaza protest in Amsterdam
Signs in the crowd read "Stop the Killing in Gaza," "End the Genocide," and "Free Palestine" as speakers at the rally demanded much tougher actions and global solidarity with those suffering in Gaza, including tens of thousands of people who lost their temporary tents and shelters over the weekend to rainstorms and flooding.
According to AP:
The campaign in Gaza has strained relations between the Netherlands and Israel. The Dutch foreign minister resigned last year after failing to secure new sanctions against Israel.
Since then, a new minority coalition government has taken power and introduced an import ban on products from Israeli settlements, which the Dutch government and most of the international community consider illegal — a move that provoked a diplomatic spat with Israel.
Agence France-Presse spoke with Steven Eisinger, a 33-year-old robotics engineer born in the United States who marched with a red scarf around his neck.
Eisinger, who is Jewish and has family living in Israel, said he wanted all arms shipments to Israel to end and that he attended the rally, according to AFP, "to voice his backing for Palestinians and his opposition to genocide."