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Friedrich Merz
'This Is Oligarchy': Nearly 100 Billionaires Are Funding Susan Collins' Reelection Bid
"While Susan Collins’ campaign is backed by billionaire donors, our campaign is built on a movement funded by the people, with an average donation of $26," said Graham Platner's campaign manager.
Jun 12, 2026
A new analysis of campaign finance data shows that nearly 100 billionaires and their spouses have contributed to Republican Sen. Susan Collins' reelection bid so far, funneling nearly $10 million to the incumbent's campaign committee and PACs supporting her effort to fend off progressive challenger Graham Platner.
The Maine Monitor on Thursday published a list of billionaires who have donated to Collins and Platner, who has called his Republican opponent a "corrupt" protector and beneficiary of an oligarchic political system. The outlet noted that Collins' billionaire donation total "stands in stark contrast with the fundraising of her opponent... whose campaign has mostly attracted smaller amounts of funds but from many more people."
The $9.8 million that Collins' fundraising network received from billionaires and their spouses between January 2025 and late May 2026 represents "a third of what groups supporting Collins raised from all donors," according to The Maine Monitor's analysis.
Platner's reelection bid has received donations from billionaires George Soros, Pat Stryker, Jon Stryker, Christy Walton, and Jennifer Pritzker. Those contributions represent "a fraction of 1% of his total haul," The Maine Monitor noted. The Democratic candidate's campaign said Thursday that "grassroots donors chipping in $200 or less have given Graham Platner $9.6 million."
“While Susan Collins’ campaign is backed by billionaire donors, our campaign is built on a movement funded by the people, with an average donation of $26,” Ben Chin, Platner's campaign manager, said in a statement. “The establishment can bring it on—they cannot defeat the will of working Mainers, 15,000+ volunteers, and a campaign powered by small-dollar donors from nearly every zip code in Maine.”
Collins' largest billionaire donor to date came from Ken Griffin, a hedge fund manager who pumped $2.5 million into Pine Tree Results, a Super PAC supporting the five-term Republican incumbent. Collins' network has also received at least $1 million from Blackstone CEO Stephen Schwarzman, New Balance chair James Davis, and hedge fund manager Paul Singer.
this is oligarchy — pass it on pic.twitter.com/hU3nsRx9w4
— David Sirota (@davidsirota) June 12, 2026
The Maine Monitor observed that "the majority of the billionaire donations to Collins this cycle are from billionaires who made their money in alternative investments, including hedge funds and private equity."
In 2017, Collins voted for legislation that delivered massive tax breaks to large corporations and American billionaires, whose collective wealth surged to $8.1 trillion last year. ProPublica reported that private equity became Collins' "most reliable source of donations" after she withdrew an amendment to the 2017 legislation that would have targeted one of the industry's beloved tax breaks.
On top of billionaire funding, Collins' campaign has benefited from massive ad spending by dark-money groups such as One Nation. The group, which is aligned with Sen. Mitch McConnell, has spent more than $19 million on advertising for Collins so far.
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City Electric: My Mayor Muslim, My Bagel Jewish
Jun 12, 2026
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."
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Trump Sanctions on Cuba's Oil Company Expected to Worsen Humanitarian Crisis
"The US regime's secretary of state, driven by ambitions of conquest, presidential aspirations, and the vengeful sentiments of the elitist clique that propelled his political career, now further tightens the economic and energy stranglehold against Cuba," said the island's foreign minister.
Jun 11, 2026
Amid mounting global calls for President Donald Trump to end his administration's "economic genocide" in Cuba, US Secretary of State Marco Rubio on Thursday announced sanctions against the state-owned oil and gas company, a move expected to worsen the island's fuel shortage and related humanitarian crisis.
Trump, in recent months, has repeatedly threatened to "take" Cuba and ramped up the 65-year US embargo against the country, including by imposing an oil blockade—disrupting food supplies, healthcare, education, transportation, and more—and issuing a May executive order that Rubio cited in his statement about the sanctions against Union Cuba-Petroleo (CUPET).
Rubio, the son of Cuban immigrants and a longtime advocate of regime change on the island, claimed Thursday "that like every resource on the island, energy has long been weaponized by Cuba's communist government as a tool of both repression and self-serving regime kleptocracy."
"While the Cuban people have suffered fuel shortages and blackouts because of decades of under-investment in critical infrastructure," Rubio continued, "Cuba's communist leaders have diverted energy resources to line their own pockets: reselling countless barrels of scarce energy on the secondary market, hoarding energy supplies for its military, intelligence, and repressive forces, and rationing energy as a tool of social control."
Warning of the new sanctions' likely impact, William LeoGrande, a Cuba expert at American University in the United States, told The Associated Press: "It appears that they're all in on strangling the Cuban economy... Their policy is a contradiction. They claim they don't want to create a humanitarian crisis, although that's exactly what they’re doing."
As some Florida Republicans in Congress celebrated the secretary of state's announcement, Cuban officials fired back, with Bruno Rodríguez, Cuba's foreign affairs minister, taking aim at Rubio in a social media post.
"The US regime's secretary of state, driven by ambitions of conquest, presidential aspirations, and the vengeful sentiments of the elitist clique that propelled his political career, now further tightens the economic and energy stranglehold against Cuba," he wrote in Spanish. "To justify it, he does not resort to excuses prepared by his State Department, but to the usual crude lies, the most aggressive, uncouth, and rabid among Cuba's enemies."
Ernesto Soberón, Cuba's permanent representative to the United Nations, accused Rubio of "peddling crude lies" while the US ambassador to the UN, Mike Waltz, "mindlessly parrots the claim that the blockade does not exist and is, therefore, not primarily responsible for the suffering of the Cuban people."
"The cynicism of top US officials knows no bounds," Soberón said. "Stop the collective punishment of the Cuban people."
This week alone, UN High Commissioner for Human Rights Volker Türk, the International Association of Democratic Lawyers, and thousands of Italian medical professionals have spoken out against the US blockade of Cuba.
“The fuel restrictions imposed since early 2026 and recent tightening of extraterritorial sanctions, taken together, are directly harming Cubans, especially the most vulnerable," said Türk. "Children are dying because doctors lack access to essential medical supplies and medicines. This is unacceptable. These sanctions must be lifted immediately."
The Trump administration's targeting of CUPET came a week after it sanctioned Cuban President Miguel Díaz-Canel, his wife, and three other individuals.
"We just want them to be a nicely run country," Trump told journalists in the Oval Office last week, when asked whether those sanctions were meant to accelerate Cuba's collapse. "The country is starving, and it's got no energy, it's got no oil, it's got no money, it's got nothing. It's got a beautiful piece of land. You could have beautiful resorts."
Trump said that Cuba had already "sort of collapsed" and "we're going to handle that as soon as we've finished" military operations in Iran. He added, "I like to do one thing at a time."
Earlier this week, Elena Gutiérrez, a Mexican American activist at Global Exchange, wrote for Foreign Policy In Focus about returning from three trips to the island this year "with my heart a little more broken, but also with a stronger conviction that we need to defend Cuba."
"But can US citizens truly stop the madness their own empire imposes on them and on the rest of the world? Let us hope so, because only the people of the United States—and no one else—can carry out the transformations their own country needs," according to Gutiérrez. "Only then will Cuba, the United States, Mexico, and the rest of the world be free."
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Trump's Iran War Slowing Global Economic Growth to Lowest Level Since Pandemic: World Bank
"For light at the end of the tunnel, you’d have to look to the 2030s," says the World Bank's chief economist.
Jun 11, 2026
The World Bank on Thursday lowered its global growth forecast for the remainder of 2026 as the illegal US-Israeli war of choice on Iran drives up energy prices, inflation, and the cost of debt.
"The global economy is facing another major shock," the World Bank's latest biannual Global Economic Prospects report states. "The conflict in the Middle East has triggered sharp increases in energy prices, renewed inflationary pressures, and fueled expectations of tighter monetary policy."
"Global growth is projected to slow to 2.5% in 2026, from 2.9% in 2025—the lowest rate since the Covid-19 pandemic—amid weaker prospects for economies dependent on energy imports and those directly affected by hostilities," the report continues. "Activity is expected to firm in 2027-28 as energy supplies recover, monetary easing resumes, and trade strengthens."
The Iran War has resulted in the closure of the Strait of Hormuz, through which around 30% of the world’s fertilizer and 20% of its oil previously passed. In addition to increasing the risk of a global food crisis, the strait’s closure has sent fuel and fertilizer prices soaring, with US farm diesel costing nearly 50% more than it did on the war’s eve in February and various fertilizer products spiking by between one-quarter and one-half.
The war has affected the economies of countries far removed from Iran, as the World Bank reports forecasts that "growth in emerging market and developing economies (EMDEs) is expected to slow to 3.6% this year."
"The level of per capita income across EMDEs excluding China and India, relative to advanced economies, is not expected to return to the pre-pandemic level until after 2028, implying nearly a decade of lost income convergence," the international financial institution predicted.
World Bank Group president Ajay Banga said in a statement Thursday that "developing countries have faced a series of challenges over the last decade."
“The impact differs by country, but the basic test is the same: Protect people and preserve stability today, without giving up on growth and jobs tomorrow," Banga added. "In response to the current shock, we are providing liquidity where it is needed now—and we are ready with additional financing, guarantees, and private-sector solutions if pressures deepen. Our job is to help countries steady the ship, keep reforms moving, and emerge stronger on the other side.”
The bank said in April that up to $100 billion would be made available over the next 15 months for nations suffering the most acute economic shocks caused by the war.
As US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu allegedly undermine efforts to end the war, the World Bank cautions that the global economic outlook "remains skewed to the downside."
“A renewed escalation of hostilities or more prolonged disruptions to commodity flows could further raise commodity prices, intensify inflationary pressures and food insecurity, trigger financial stress, and lower growth,” the bank's report warns.
In his foreword to the new Global Economic Prospects report, World Bank Group chief economist Indermit Gill warned that "barring a miracle, the 2020s will prove to be what their ominous opening foreshadowed: a lost decade—not just for a couple of outliers, but for dozens of developing economies.'"
"Amid one of the densest clusters of global shocks since the 1970s, nearly 1 out of every 2 developing economies has failed since 2019 to advance on the most rudimentary promise of development: narrowing the income gap with the world’s most prosperous economies," Gill added. "For light at the end of the tunnel, you’d have to look to the 2030s."
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