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City Electric: My Mayor Muslim, My Bagel Jewish
After the greatest comeback in NBA finals history - 29 points! - "the greatest shot in Knicks history" - Anunoby's last-second tip-in - some divine intervention - a Pope Leo jersey - and a smudging to erase the vile Trump stench, the New York Knicks are in sight of their first title in over 50 years. "Bedlam at the Garden!" ESPN exclaimed. And across the city, now a jubilant, unified sea of orange and blue watch parties, viral chants, rare hope against hope. One fan: "The city feels alive. Thank God for the Knicks."
The Knicks had won a remarkable 13 straight playoff games, last losing in April, before the seven-game finals against the San Antonio Spurs; of those, they won the first two, only to fall to Trump Disaster Syndrome - everything he touches dies - in the third. In Wednesday's nail-biter of a Game 4, they began their historic rally in the second half, chipping away at a seemingly hopeless 29-point deficit, gaining ground in the 4th quarter and, with a stunning 1.2 seconds left, taking it 107-106 after OG Anunoby gently tipped in a Jalen Brunson shot that ricocheted short. The epic win leaves the Knicks within one game of a championship they haven't won since 1973, when their city looked like this. Now, residents say, it's "electric."
The Knicks' success has created frenzied joy in a city beset by high prices, traffic snafus and years of sports heartaches - amidst which long-suffering Knicks fans, says one, "have endured, a specific species of human that should be studied." They also present a unified front in a city split between baseball's Yankees and Mets and football's Jets and Giants. New Jersey will host this year's World Cup finals, but its tribute to "the beautiful game," long plagued by scandal and corruption, is already marred by a racist regime hassling, interrogating or barring players, officials, journalists and fans from Somalia, Senegal, Haiti, Iraq, Iran and other dark-skinned locales, with a looming threat of ICE goons in attendance.
In contrast, the come-from-behind Knicks have done what sports at their best should: bring people together. New York's rush hour has become a vast sweep of blue and orange caps, jerseys, hoodies, with a “Please win before I die” t-shirt from Old Jewish Men. Strangers on streets and subways do a peculiarly New York call-and- response: “Let’s go Knicks!” to “Knicks in five!” Bar and neighborhood watch parties pop up, some using bedsheet screens. One was just held at a Brooklyn funeral home - "If things go wrong, there's room for grief" - with a poster board for fans to write the names of those they're missing, "just like the the guy down the street and the lady in the bodega...so people know they're not alone.
The finals have given a boost to legit pan-sports nerd - "New Yorkers can smell a phony" - Mayor Zohran Mamdani. A rabid Arsenals fan, he's heavily promoted the World Cup - choosing Morocco to win in The Guardian's Bracketology game - "The heart wants what it wants" - offering $50 tickets to 1,000 New Yorkers, celebrating the vision of Brazilian, German, Ecuadorians who will "watch together, celebrate together, shout at referees together - respectfully." With the Knicks, he's likewise praised how Knick fever has "lit this city up" and relished his role as head, albeit ambivalent, cheerleader against a common sports foe. Asked in April about a possible win, he said, "As a New Yorker, I can't wait. As the mayor? Absolute chaos."
Again, he's all in. As a candidate, he interviewed Knicks fans and made Go-Knicks videos. During the finals, he's turned up at watch parties, put hand-painted cutouts of former Knicks greats at City Hall, visited a Knicks-hued subway stop, touted the $90 million in revenues from each home game, sported a Knicks jersey under his suit jacket and signed a symbolic executive order repealing bedtimes for kids during the finals. While resale ticket prices to home games have obscenely soared to over $8,000, and many courtside seats are reportedly gifted to local celebrities, Mamdani shelled out $1,000 for a standing room only ticket to the Monday game - unfortunately, the one hijacked by the Narcissist-In-Chief.Like New Yorkers didn't hate him enough already, Trump's random, clueless attendance saw watch parties cancelled, hours-long lines, bags banned, fans and even players (understandable, given most are black) TSA-wanded, and a blocks-wide, NYPD-enforced "frozen zone" that turned the area outside Madison Square Gardens from "a showcase of unbridled humanity to a post-apocalyptic wasteland" - all for him to be thunderously booed as he smirked, saluted and promptly fell asleep until his granddaughter poked him awake. It probably didn't help when those who'd waited in line for hours also got to see fucking Jared Kushner, "patron saint of failing upward," respectfully, infuriatingly escorted in by police.
Before Wednesday's game, a fan thoughtfully burned sage outside the Garden "to remove the sulfuric stench and bad vibes" from Pres. Poopy-Pants' visit. The Knicks also reportedly got help from on high: From the three "Nova Knicks” - Brunson, Hart, Bridges - who graduated from Catholic Villanova, and Pope Leo XIV, who earned a math degree there in 1977. To ensure his blessing, die-hard Knicks fan Spike Lee had earlier worn a custom Knicks jersey - "Pope Leo #14" - he'd had "P🏀PE LE🏀" sign at the Vatican last year. Thus, the surreal 29-point comeback, and "the most iconic shot in the history of New York basketball" - per OG, "right hand from God." The Nation's Dave Zirin: "With the Trump Stench Gone, the Knicks Make History."
- YouTube www.youtube.com
What Ben Stiller courtside called “the most insane comeback I’ve ever seen” left astounded fans and MSG staff roaring, leaping, open-mouthed with joy and shock. Within minutes of the buzzer, thousands of blue-and-orange-bedecked fans had surged into the city streets, chanting "Knicks in five!" and, in a few feral instances, "Fuck you Wemby!" A Knicks robot chased some Spurs fans, cops arrested a few rowdy fans, the Empire State Building glowed in orange and blue. The New Yorker's David Remnick couldn't sleep after "the greatest Knicks win ever" and OG's "most astonishing shot in franchise history"; he got up at 3 a.m. to grimly doomscroll on "the truth machine to see if this had really happened," and finally "realize it was true."
"Curb your enthusiasm," he warned, and yes, Larry David was courtside, thrilled. "At least a little." Remnick noted that Saturday is the fifth game, and anything can still happen. Fandom, he added, "is complicated, also mostly a matter of patience. Real fandom is about endurance and waiting." Likely nothing that MD Ahnaf Hossain, a 23-year-old Knicks fan and TikToker with smart marketing skills, doesn't know. Reveling in a moment of sportsmanship "bringing a type of love we haven’t seen in the city for a long, long time,” he created a hip-hop, Haiku-like anthem to celebrate its unity in toxic, racist, divisive times. “I grew up with Jews, Muslims, Haitians, Pakistanis, Bengalis,” Hossain said. “I just had to bring everyone together.”
His first "pure New York City poetry" came after the Knicks lost the third game. He wrote and recorded, "My mayor Muslim/My bagel’s Jewish/My Christian Dior/Knicks in four." It got over 7 million views. After Wednesday's impossible win, he filmed an updated version: "My mayor still Muslim/My bagel’s still Jewish/The pope’s on our side/Knicks in five." Meanwhile, his mayor, Mamdani, posted his own response to the win: “SPEECHLESS. LFGK,” aka "Let's fucking go Knicks." He also made a brief, giddy video. "The energy in our city is incredible," he said. "Time and again, people have doubted the Knicks. Time and again, the Knicks have proven the doubters wrong... I have just three words for my fellow New Yorkers. Knicks in 5."
Jun 12, 2026
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'Hands Off the Arctic,' Say Wilderness Defenders as Trump Holds Alaska Oil and Gas Lease Sale
The Trump administration is set Friday to sell oil and gas drilling leases on 689,000 acres in the Arctic National Wildlife Refuge, a pristine and protected area in northeastern Alaska's coastal plain known for its massive biodiversity and held sacred by its Indigenous inhabitants.
The US Department of the Interior's (DOI) Bureau of Land Management (BLM) is offering 60 tracts in the ANWR to fossil fuel companies that submitted bids by Wednesday. The lease sale is the first of four in the ANWR mandated under the One Big Beautiful Bill signed by President Donald Trump last year and follows two previous sales this decade, one of which saw little interest during Trump's first term and another that generated no bids during the tenure of former President Joe Biden.
The sale is part of Trump's "drill, baby, drill" fossil fuel agenda and follows last October's reopening by the DOI of 1.56 million acres of the Coastal Plain to oil and gas leasing. The move reversed the Biden administration's 2023 cancellation of all existing oil and gas leases in the ANWR and ban on drilling across 13 million acres of the adjacent National Petroleum Reserve.
The Trump administration also recently transferred approximately 1.4 million acres of public lands along the Dalton Utility Corridor from the BLM to the state of Alaska, a move one conservationist warned "will only help corporate polluters transform Alaska into an industrial wasteland... for the sake of expanding the portfolios of mining and oil and gas companies."
The ANWR is home to Indigenous peoples, primarily the North Slope Iñupiat and the Gwich’in. The former are generally supportive of fossil fuel development, arguing that it provides jobs and revenue and boosts self-determination, while the latter broadly opposes drilling.
The Gwich'in call the area “the sacred place where life begins" and rely upon its rich biodiversity—especially its 200,000-strong porcupine caribou herd—for their survival. ANWR boasts some 270 animal species, including musk oxen, Arctic foxes, snow geese and other migratory birds, and all of the world’s remaining South Beaufort Sea polar bears.
While the American Petroleum Institute, the nation's leading fossil fuel lobby, welcomed Friday's lease sale, calling Alaska's oil and gas "key to America's energy security," Kristen Moreland, executive director of the Gwich'in Steering Committee, countered that "some places are too important to sacrifice."
In a Thursday call with reporters, Moreland said that "tomorrow's lease sale is about much more than economics or development. It is about whether our voices, our culture, and our way of life matters."
Conservationists also denounced the lease sale, which Earthjustice—part of a coalition challenging the DOI's policy in federal court—called "another effort to sell out our public lands to boost corporate profits, while Indigenous communities, wildlife, and future generations carry the risk."
US Sen. Tim Kaine (D-Va.) said Friday on X that "America's public lands—including the incredible Arctic National Wildlife Refuge—belong to all of us. But now the Trump-Vance administration is auctioning it off to their Big Oil cronies that already have plenty of other areas to drill."
In a video posted Thursday on social media, US Sen. Martin Heinrich (D-NM) called ANWR "the crown jewel of our American National Wildlife Refuge system."
"Tomorrow, the Trump administration is gonna try to lease the Arctic National Wildlife Refuge for oil drilling. So I've got a message for all the oil majors out there," the senator said. "I understand you have a job to do. That job never involves drilling in American national parks or national wildlife refuges. Don't bid."
Congresswoman Adelita Grijalva (D-Ariz.) also posted a video addressing the lease sale and arguing that Big Oil—part of an industry that spent nearly $450 million during the 2024 election cycle on campaign donations, lobbying, and other efforts to elect Trump and down-ballot Republicans—is "calling the shots."
The Alaska Wilderness League said on X that "no matter how the administration and oil industry spin today’s lease sale, the outcome doesn’t change: weak demand, shrinking interest, and a story that keeps collapsing under its own promises."
"The Arctic is not for sale, never has been, never will be," the group added. "Hands off the Arctic."
Jun 05, 2026
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'Now Is the Time to Organize,' Says Medicare for All Coalition
As Americans endure the high prices of food, gasoline, housing, medication, and more under President Donald Trump and the Republican-controlled Congress, a coalition of over 325 organizations argued Monday that "now is the time for Medicare for All."
"Our democracy is struggling, and the status quo is not working. Too many corporate-backed politicians continue to push for a 'business as usual' approach while wages stagnate, public goods and services erode, and billionaires amass grotesque amounts of wealth," says the coalition's open letter.
"How can one feel optimism for our future when over 40% of us are carrying around the burden of medical debt?" the letter asks, citing data from KFF. "How can we plan for our futures when we can't afford to go to the doctor or cover rent?"
According to the coalition:
We need an agenda that working-class people and everyday Americans can rally behind. Without one, far-right, fascist politicians are filling that void. This fascist agenda redirects people's rightful anger at our system’s failures to unjustly place blame on immigrants, low-income people, and people of color. It's time to acknowledge that failing to provide transformational policies and hope to the working class has allowed fascism to rise and hold on to power. It's time to challenge the corrupt CEOs who profit off despair. To show people real solutions that can work.
No one can fix our rigged economy overnight. Our structural inequality is decades in the making. But one piece of the solution is to take on one of the largest industries in our country: healthcare.
On Capitol Hill, Sen. Bernie Sanders (I-Vt.) and Reps. Pramila Jayapal (D-Wash.) and Debbie Dingell (D-Mich.) have repeatedly introduced the Medicare for All Act. While support for the bill among elected Democrats and the US public has grown, the legislation hasn't progressed in either chamber, which are both narrowly controlled by the GOP.
However, "we may face a once-in-a-generation opportunity to legislate on healthcare in 2029," notes the letter. While the midterms are less than five months away, enacting a federal Medicare for All system would likely require electing more members of Congress and a new president who would support such legislation in the November 2028 election.
"We need to rally behind the boldest possible reform, Medicare for All, that brings together the broadest possible movement, not overly complex incremental measures that prop up the same systems we're seeing fail under the weight of attacks by Trump and Republicans," the groups argued. "The American people are hungry for bold ideas that reform fundamental institutions that have failed them for too long. And they are looking for leaders who will take on powerful interests and fight for working people."
"Now is the time to organize and inspire!" the coalition stressed. "A small minority of skeptical healthcare policy wonks may try to convince us to scale back, that structural change isn't winnable. The reality is that alternative proposals don't move us towards Medicare for All and complicate our already broken system. Halfway measures allow corporations to continue profiting off the sick."
The letter urges members of Congress "to stop listening to the political consultants and start listening to the people," and Americans nationwide to "join us in dreaming of an economy that works for all of us. Where workers get paid a living wage and have expanded and enforced rights. A future where people can afford safe, healthy, and affordable housing and utilities. Where schools are robustly funded."
"A core part of that vision is making healthcare a human right," the letter emphasizes. "Americans understand we must get corporate greed out of our healthcare system once and for all."
The letter was circulated Monday by the consumer watchdog Public Citizen, whose healthcare policy advocate, Eagan Kemp, said in a statement that "the massive momentum for Medicare for All should serve as a wake-up call to all who profit from our broken healthcare system and those who do their bidding."
"Everyday Americans are tired of watching the pigs at the healthcare trough gorge themselves day after day while hundreds of millions of people in the wealthiest country in the world suffer from inadequate access to care, delays and denials, and crushing medical debt," Kemp argued. "Medicare for All would end the ability of corporations to put greed ahead of people's needs and would finally guarantee that everyone in the US can get the care they require."
"The movement for Medicare for All is growing by leaps and bounds because the people are demanding change," he added. "It is time those in power meet the moment and fight for the healthcare system we need and that the people are demanding, Medicare for All."
Coalition members include the Democratic Socialists of America, Indivisible, MoveOn, National Nurses United, National Organization for Women, One Fair Wage, Our Revolution, People's Action Institute, Physicians for a National Health Program, Progressive Democrats of America, RootsAction, Sunrise Movement, United We Dream Action, and other organizations that advocate for people with disabilities, seniors, women's rights, workers, and more.
Jun 08, 2026
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With Straight Face, Trump Says Platner 'Worse Than Any Human Being That's Ever Run for Office, Probably'
Four months after President Donald Trump's name reportedly appeared over a million times in long-hidden files related to his former friend, convicted sexual predator Jeffrey Epstein, and weeks after one analysis warned that his foreign aid cuts will likely kill 9 million people by the end of the decade, the president announced Wednesday that he'd identified the politician who is "probably" the worst person to ever run for public office.
In the Oval Office, Trump declared Democratic US Senate candidate Graham Platner, whom Maine primary voters chose to run in the general election by more than a 52% margin, a "thug" and a "cheap, no-good person," adding that he is "worse than any human being that's ever run for office, probably."
"Nobody's ever had a record like that... This guy's got a rap sheet, I've never seen anything like it," said the president as he lied about Platner, who has no criminal record.
Trump, meanwhile, was convicted of 34 felony counts of falsifying business records in 2024. A New York judge also ordered Trump to pay a $450 million civil penalty over financial fraud that year, and in 2023, a jury found him liable for sexually abusing and defaming columnist E. Jean Carroll. More than two dozen women have accused the president of sexual misconduct.
Trump on Platner: "I watched that thug that's up in Maine. He's a thug. And they're trying to make excuses for him. I mean, he's worse than any human being that's ever run for office probably…And you'll have Schumer, he'll go crazy over this or that or Epstein…He's a thug." pic.twitter.com/I9k1MXZOUD
— The Bulwark (@BulwarkOnline) June 10, 2026
Trump, who has openly bragged about sexually assaulting women and reportedly committed adultery numerous times during his three marriages, was likely referring to controversies that made headlines after Platner, a combat veteran and oyster farmer, launched his campaign last year with a focus on taxing billionaires, expanding Medicare to the entire population, and ending US wars.
During his two terms in office, Trump has been rebuked for his allegiance to corporate interests, giving massive tax breaks to billionaires and powerful industries, undermining labor protections, launching wars of choice overseas, attacking public education, and gutting public health and environmental protection efforts.
Recently, a former campaign staffer told news outlets that Platner's wife had confided in her about messages Platner sent to other women early in their marriage. The candidate's former girlfriend, a right-wing operative, also accused him of being physically aggressive during their relationship. Earlier controversies centered on a tattoo that critics said resembled a Nazi symbol and posts he wrote on Reddit in the years after his military service.
Despite the months of criticism and news stories regarding Platner's past, with 91% of votes reported as of Wednesday afternoon, he won the support of more than 71% of Democratic primary voters, with many saying they connected with his strong focus on issues affecting working people and that he had taken accountability for his previous actions.
While attacking Platner on Wednesday, Trump brought up the Epstein scandal, saying Democratic lawmakers "go crazy" over his association with the financier, who died in prison while awaiting a trial on sex-trafficking minors and who was convicted in 2008 of soliciting prostitution with a minor.
As Trump hurled insults at Platner, also calling him "an outright pig," the Democratic candidate released an ad taking aim at "the Epstein class," saying that "the only thing the DC establishment can agree on is a love of Jeffrey Epstein—and a hatred of me."
Earlier, the Democratic candidate and so-called "thug" posted a video on social media of a volunteer activity he was taking part in on the morning after the election in Bar Harbor.
"This morning, I'm doing very important things, which is riding on the bike bus," said Platner, evidently taking time off from being what Trump has also referred to as a "major sleaze bag."
"The community gets together and helps ride with all of the kids who want to ride their bikes to school, and so it's safe and fun," he explained.
Good morning, Maine!
Hitting the trail. pic.twitter.com/y2xcbe1Hxi
— Graham Platner for Senate (@grahamformaine) June 10, 2026
"Honestly, it's exactly the thing that we need a lot more of in this country," said Platner, "which is people coming together and realizing that their neighbors are good people, and everybody just wants to help each other out. It's the message we need to take into our politics, which is why we won last night."
Jun 10, 2026
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Thousands of NYC Tenants to Get Millions in Back Rent Forgiven After Mamdani Targeted Their Prior Landlord
Thousands of tenants in New York City will no longer have to pay back rent after their prior landlord was targeted by democratic socialist Mayor Zohran Mamdani earlier this year.
Gothamist reported on Tuesday that Summit Properties, which in March bought 93 properties from bankrupt owner Pinnacle Group, has agreed to forgive tenants' back rent, which some refused to pay because of what they said were unsafe living conditions in their buildings.
Vivian Kuo, a representative from the Union of Pinnacle Tenants, said the agreement to forgive back rent is "a big victory" for tenants and represents a "real direct monetary redress of people's issues."
Mamdani took action against Pinnacle in January as one of his first official acts after being sworn in as mayor, noting that the landlord was responsible for "more than 5,000 housing violations and 14,000 complaints."
In buying the buildings from Pinnacle, Summit agreed to cure half of all reported violations within 60 days and to invest at least $30 million over a five-year period to repair and improve the buildings.
According to Gothamist, Summit had already lined up its purchase of the buildings before Mamdani took office, although the mayor worked with the tenants union to extract commitments from the company to make much-needed fixes.
Jordan Barowitz, a spokesperson for Summit, told Gothamist that the company "fixed hundreds of apartments, cured thousands of violations, and exceeded our commitment."
Mamdani has regularly put New York City landlords on notice, holding "rental ripoff" hearings where tenants have the opportunity "to tell the city exactly what your landlord’s been getting away with” and help bring about "real policy changes."
Jun 09, 2026
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Trump Bombs Iran for Second Night After Complaining Talks Have 'Taken Too Long'
US President Donald Trump bombed Iran for the second consecutive night on Wednesday after complaining on social media that Tehran has taken too long on peace negotiations and vowing to respond to the downing of an American military helicopter.
US Central Command said Tuesday that CENTCOM "forces began launching self-defense strikes against Iran at 5:00 pm ET today at the commander in chief's direction, in response to yesterday's downing of a US Army Apache helicopter. The mission is a proportional response to unjustified Iranian aggression."
Trump took to his Truth Social platform just after 7:00 am ET Wednesday, writing that "Iran's Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn't even exist anymore—They have been completely defeated. Iran is all talk and no action. The Bully of the Middle East is DEAD!!! They've taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!"
Ken Roth, a visiting professor at Princeton University and the former longtime executive director of Human Rights Watch, noted that Trump's complaint about the drawn-out talks with Iran came "even though he is the one who ripped up an entirely effective deal... and in February ended negotiations to start bombing."
Trump unilaterally ended the Iran nuclear deal negotiated by the Obama administration, formally called the Joint Comprehensive Plan of Action, during his first term. There has been no agreement in place since.
After Trump's strikes on Tuesday night, Iran fired at Bahrain, Kuwait, and Jordan, which all host US troops. The recent exchanges cast further doubt on the ceasefire deal negotiated in April, after the American president's genocidal threat against Iran.
Later Wednesday, CENTCOM announced that US "forces began launching additional self-defense strikes today at 5:15 pm ET against multiple targets in Iran at the commander in chief's direction. The strikes are in response to Iran’s unwarranted and continued aggression."
Drop Site News reported that "as the strikes were announced, Iranian media reported a series of explosions across Hormozgan province, the southern Iranian province that borders the Strait of Hormuz," a key trade route through which Iran has largely restricted ship traffic since Iran and Israel began bombing the country in late February.
As Drop Site detailed:
- Sirik: At least four explosions were heard in the coastal town on the eastern side of the strait, according to Tasnim News, with a local source saying the blasts were coming from the sea.
- Minab: An explosion was reported near the city, about 60 miles east of Bandar Abbas, according to Mehr News.
- Korgan Port: Several explosions were also heard near the port area on the Gulf of Oman coast, according to Mehr News.
- Bandar Abbas: An explosion was also reported in Iran’s main commercial port and naval hub overlooking the Strait of Hormuz, according to the Fars Gulf Broadcasting Center.
Trita Parsi, co-founder and executive vice president of the Quincy Institute for Responsible Statecraft and an expert on US-Iranian relations, said, "It appears the US/Israel-Iran war has started again... or perhaps more accurately, it never really ended."
Fox News' Trey Yingst reported on air late Wednesday that "President Trump told me that Iran called him tonight. Top Iranian officials and President Trump spoke directly, according to the commander in chief tonight, as the president was sitting in the Situation Room, and he told me that the Iranians asked them to stop bombing, and the president said to me, 'The bombing will stop shortly.'"
According to Reuters, Iran's media contradicted that reporting, with an unnamed senior Iranian official saying, "Trump's false claim that Iranian officials contacted him is a cover to evade war with Iran."
Asked by Yingst what will happen if the Iranians don't sign a new deal soon, Trump reportedly responded, "We'll bomb the shit out of them tomorrow night."
Jun 10, 2026
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As SpaceX Goes Public, Iran Media Reports Musk Companies Are Legitimate Military Target
Iranian threats against SpaceX facilities came as the company had a record-breaking IPO.
Jun 11, 2026
While Elon Musk's SpaceX rockets have typically had no trouble exploding on their own accord, they could soon get some assistance from the Islamic Revolutionary Guard Corps.
Tehran's state-run Fars News Agency reported on Thursday that Iranian officials have added assets owned by Musk throughout the Middle East to their target lists, noting the US and Israeli military's use of SpaceX's Starlink satellite services in operations against Iranian infrastructure.
As reported by Forbes, SpaceX has Starlink ground stations in Qatar, Jordan, United Arab Emirates, and Oman that could be potential targets of future Iranian attacks. However, the Starlink facilities may not be the only targets, as Iran reportedly said it "reserves the right to strike all Musk-affiliated facilities in the region," according to Forbes.
Iran's threats to attack SpaceX facilities came as the private space exploration firm made an initial public offering (IPO) on Thursday that the Wall Street Journal reported broke the record for the largest in history.
According to the Journal, SpaceX sold $75 billion worth of shares during the IPO at $135 apiece, giving the company a valuation of $1.77 trillion.
The SpaceX IPO has come under criticism in recent weeks over revelations that the Nasdaq stock market exchange changed its own rules so that company can be immediately included in index funds without having to wait through the one-year “seasoning” period that used to be required for newly public firms.
Other critics have raised red flags about SpaceX's profitability, noting that it made only $19 billion in profits last fiscal year, giving it a valuation 54 times larger than its projected revenue multiple, a measure of its value based on expected future earnings.
SpaceX shares are set to begin trading publicly on Friday.
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‘Collective Failure of Humanity’: Nearly 118 Million Refugees Violently Displaced Worldwide
The number of people who were forcibly displaced at the end of last year dropped from 2024 levels, but that change was largely driven by people who were forced to return home, sometimes to precarious conditions.
Jun 11, 2026
The number of people forcibly displaced around the world fell last year for the first time in years, dropping by more than 5 million—but with that trend driven in part by countries that have forced refugees to return home, often to precarious or dangerous conditions, advocacy groups warned that the world's refugee and displacement crises are far from being solved.
At the end of last year, 117.8 million people were forcibly displaced around the world, according to data released Thursday by the United Nations High Commissioner for Refugees (UNHCR). That number includes 41.6 million refugees, 9 million asylum-seekers, and 68.7 million internally displaced people.
While the number of displaced people fell from 123.2 million in 2024, the UNHCR emphasized that the change reflected "a sharp increase in the returns of refugees, mostly to Afghanistan, Syria, and Sudan."
"Many of the returns occurred under adverse circumstances and the reintegration conditions remain extremely challenging," said the agency.
Jan Egeland, secretary general of the Norwegian Refugee Council (NRC), said that "in Afghanistan, millions were forcibly returned from neighboring Pakistan and Iran, and in [the Democratic Republic of] Congo some displacement camps were evacuated at gunpoint, sending thousands of families back to homes that no longer exist."
Of 2.9 million Afghans who were no longer considered forcibly displaced last year, most of their returns to their home country were "involuntary in nature due to changes in the policies of host countries."
In the US, the Trump administration last year terminated Temporary Protected Status for Afghan nationals, between 9,500 and 11,700 of whom were legally residing in the US. Hundreds of thousands of Afghans were deported from Iran, Pakistan, and Tajikistan last year.
"The first fall in global displacement in over a decade should be good news. Instead, it reflects misery on a historic scale," said David Milliband, president of the International Rescue Committee. "These numbers tell a story of both forced returns and forced displacement. People are returning to countries mired in crisis, most with no choice, with every route to safety collapsed around them."
The number of refugees who were successfully resettled dropped precipitously last year along with the number of people who were classified as displaced. Just 81,800 people found new homes through resettlement programs or sponsorship pathways, representing a year-on-year drop of more than half.
The top countries that continued to host refugees last year were Colombia, Turkey, and Germany, and more than 70% of refugees came from just six countries: Afghanistan, South Sudan, Sudan, Syria, Ukraine, and Venezuela.
Egeland emphasized that while the number of forcibly displaced people fell last year, "the number of people who have fled their home because of violence and conflict has nearly tripled over the last 15 years."
"The 117.8 million people now violently displaced around the globe would constitute the world’s 13th-largest country by population. Larger than Egypt, Germany, or the UK. A human toll of vast proportions, and a collective failure of humanity," said Egeland.
The numbers released by UNHCR indicated that while millions "continued to be uprooted" last year, "many more endured protracted crises with no solution in sight. The world continues to fail civilians caught by conflict and violence."
UNHCR warned that among those who remain forcibly displaced, 7 in 10 refugees have been exiled from their homes for at least five years with little prospect of ever leaving refugee camps with precarious living conditions.
“For too many refugees, displacement starts as a lifeline but lasts a lifetime," said Barham Salih, the UN high commissioner for refugees. "Humanitarian aid saves lives, but it is not the end point and does not enable refugees to become active agents in control of their futures. We need a paradigm shift that creates a new sense of hope and opportunity for people fleeing war and persecution."
Salih called for a reduction by more than half, over the next decade, in the number of refugees who are reliant on humanitarian assistance and are living in temporary shelters.
"The initiative would expand opportunities for voluntary returns, humanitarian visas, and relocation, while transitioning refugees from aid dependency to self-reliance through access to education, healthcare, financial services, and labor markets," said the UNHCR.
The large numbers of people who have been forced from their homes—and in a rising number of cases, forced to return home under duress—"are almost impossible to comprehend," said Egeland. "And as an increasingly nationalistic world becomes increasingly desensitized to what it truly means to be forced to flee home, the gap between decision makers and donors and displaced people continues to widen. This cannot be accepted as the new normal."
“As humanitarians our work is to support displaced people in their hour of greatest need," he added. “But we cannot do this without a world that is willing to stand up for humanity... We must support diplomatic solutions to end crisis, and fund aid to relieve suffering. We must protect civilians and stand up for international humanitarian law. We must all remember our humanity.”
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Dems Unveil Plan to Crack Down on Stock Buybacks as Trump Tax Cuts Fuel $4.8 Trillion 'Bonanza'
"It’s shameful that wealthy shareholders and executives are profiting while American families pay through the roof for groceries, gas, and rent."
Jun 11, 2026
A group of Senate Democrats on Thursday introduced legislation to hike taxes on US corporations that buy back their own stock as a new analysis estimated that major companies have spent nearly $5 trillion on share repurchases since President Donald Trump's 2017 tax cuts took effect.
The Democratic legislation, titled the Stock Buyback Accountability Act of 2026, would increase the current stock buyback excise tax from 1% to 4%, a change that experts say would raise around $240 billion in revenue over a 10-year period and likely dissuade some companies from engaging in buybacks, which artificially inflate share prices and further enrich shareholders and executives.
“After getting massive tax breaks from Donald Trump and Republicans in Congress, giant corporations are turning around and delivering stock buybacks at record highs,” said Sen. Elizabeth Warren (D-Mass.), who joined Senate Minority Leader Chuck Schumer (D-NY) and Sen. Ron Wyden (D-Ore.) in introducing the new bill to rein in what they called corporate America's "stock buyback bonanza."
“It’s shameful that wealthy shareholders and executives are profiting while American families pay through the roof for groceries, gas, and rent," said Warren. "This bill is an important step forward in making corporations pay their fair share."
The legislation's release coincided with an analysis conducted by the advocacy group Americans for Tax Fairness (ATF), which found that 100 of the largest corporations in the US have spent a combined $4.8 trillion on stock buybacks in the eight years since enactment of the 2017 Trump-GOP tax law.
"Every time Republicans sweep an election they shower corporations with new tax breaks, and then corporations shower their wealthy shareholders and executives with new stock buybacks."
Just 10 companies—Apple, Alphabet, Microsoft, Meta, Bank of America, JPMorgan Chase, Wells Fargo, Oracle, Nvidia, and Visa—were responsible for more than $2 trillion of the $4.8 trillion in total buybacks since 2017, ATF noted. The group estimated that, had the Stock Buyback Accountability Act been in place over the past eight years, the federal government could have raised around $200 billion in revenue from the 100 big corporations examined in the new analysis.
“The huge tax cuts corporations received from the 2017 Trump-GOP tax law—which were supposed to be used to increase employee pay and business investment—have instead been wasted on trillions of dollars of stock buybacks,” said ATF executive director David Kass. “Stock buybacks widen economic inequality by making already wealthy shareholders even richer. We need the Stock Buyback Accountability Act now more than ever.”
Stock buybacks were effectively prohibited in the US until 1982, as they were considered a form of market manipulation. Over four decades later, in 2025, stock buybacks by American companies surpassed $1 trillion—a record high.
"Every time Republicans sweep an election they shower corporations with new tax breaks, and then corporations shower their wealthy shareholders and executives with new stock buybacks," Wyden, the top Democrat on the Senate Finance Committee, said in a statement Thursday. "We need to dial up the tax on these buybacks, and if corporations decide they’re better off investing in workers and long-term growth, that’s a great outcome.”
ATF noted in its analysis that "the resulting rise in stock price created by a buyback is not taxed unless the stock is sold."
"With the top 5% of households owning 70% of all stocks, that is a big benefit for wealthy investors, who prefer the unrealized income which comes from buybacks to the traditional corporate dividends that are paid out and taxed on an annual basis," the group observed.
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