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Psychedelics Symposium Boosts Biotech Stock Outlooks
FinanceYahoo2d ago

Psychedelics Symposium Boosts Biotech Stock Outlooks

Analysts are bullish on several biotech companies, including GH Research, Cybin D/B/A Helus Pharma, and COMPASS Pathways, following a psychedelics symposium and positive model updates, with Baird lowering Bright Minds Biosciences' price target but maintaining an Outperform rating.

Domenicali pleads for calm over fears new rules will wreck Formula One
SportBBCThe GuardianYahoo2d ago3 sources

Domenicali pleads for calm over fears new rules will wreck Formula One

F1 chief executive ‘is listening to drivers’ complaints’ He admits the rules could change if racing isn’t exciting Stefano Domenicali, the chief executive of Formula One, has issued an urgent plea for calm after the damning driver criticism of the sport’s new regulations that has emerged during pre-season testing. But the Italian conceded that F1 is prepared to intervene and enforce changes should the racing prove disappointing. There has been a clamour of discontent over how the new regulations will play out, particularly the role of energy management rather than driving flat-out. Not least from the four-time champion Max Verstappen, who dismissed the new rules as being “anti-racing” and insinuated that he might leave F1 if he no longer enjoyed driving the new cars. Continue reading...

Uber to Implement Stricter Background Checks for Drivers
TechnologywsjThe Independent3d ago2 sources

Uber to Implement Stricter Background Checks for Drivers

Uber is reportedly moving to implement stricter background checks for its drivers, following a report detailing the hiring of violent criminals. The company is also considering stricter rules for other serious offenses, including harassment and weapons charges.

How A Water War Is Brewing Over A Drying Lake In Nevada
Environmentzerohedge3d ago

How A Water War Is Brewing Over A Drying Lake In Nevada

How A Water War Is Brewing Over A Drying Lake In Nevada Authored by John Haughey via The Epoch Times, A Nevada lawsuit trickling toward trial could determine how the nation’s most arid state balances the legal rights of upstream landowners to divert water from rivers for agricultural irrigation with the impacts those withdrawals have on downstream ecologies and economies. Water rights exceed water supply across much of the western United States. With many watersheds failing to deliver enough water for local needs, the suit is being watched by attorneys, state water managers, and federal agencies. It could potentially set a precedent in revising how states across the West regulate access to water. The Nevada case, filed by the Walker River Paiute Tribe and Mineral County, may also present an opportunity for a win-win solution, in which nonprofits and government entities purchase private water rights from willing upstream sellers and dedicate them to downstream public benefit. Without public-private intervention and the changes in state water law that the suit seeks, geologists and environmental experts agree the future is bleak for Walker Lake, a 13-mile long terminal lake about 75 miles southeast of Reno near the California state line in rural, sparsely populated Mineral County. The lake is completely dependent on diminishing Sierra Nevada snowmelt runoff into the Walker River—runoff that, for decades now, has been almost entirely diverted for irrigation by upstream farmers and ranchers. As a result, a desert oasis that once generated more than half of Mineral County’s economic activity through recreational pursuits such as fishing, migratory bird-watching, boating, and camping is now a lifeless “sludge pond,” while the town of Walker Lake faces an accelerating prospect of extinction. “The last fish was caught in 2013 or 2015, I believe. When the fish died, the fishing died; boating, recreation, that all just disappeared,” Mineral County Commissioner Tony Ruse said. “There were restaurants here. There were hotels here. There were businesses here. Now? All gone, just 300 residents struggling.” A Mineral County native, Ruse returned in 2020 after working 34 years as a Switzerland-trained chef in Europe and Asia, including 20 years in South Korea, to open The Big Horn Crossing, a restaurant and convenience store in a shuttered bait shop. It’s now Walker Lake’s only remaining retail business. “It was dead. There was nothing,” he told The Epoch Times. “We should be selling bait here. We should be selling fishing supplies. There should be boats parked in our driveway right now.” (Top) Mineral County Commissioner Tony Ruse fields a phone call at The Big Horn Crossing, a restaurant and convenience store that is the only remaining retail business in Walker Lake, Nev., in January 2026. (Bottom) Walker Lake, a town of fewer than 400 people, is anchored on the slopes of Mount Grant, but no longer supports a fishery, boat races, or the waterfront restaurants and hotels that once made it a desert oasis for tourists, anglers, and campers, in Mineral County, Nev., in January 2026. John Haughey/The Epoch Times Marlene Bunch and her husband Glenn lead the Walker Lake Working Group, created in 1991 to ensure water reaches the lake to sustain its recreational economy. “Upstream diversions have been our nemesis, and that’s what our legal case is for,” Bunch, a former Mineral County clerk and treasurer, told The Epoch Times. Bunch.has lived in Walker Lake since the 1960s. She recalls a 1991 discussion with Nevada Department of Wildlife fisheries biologist Mike Sevon about what would happen if water levels continued to drop. Diminishing Returns Walker Lake retains water flowing east 100 miles from California’s Bridgeport and Topaz reservoirs through Nevada’s Smith and Mason valleys and the Walker River Paiute Tribe’s reservation. According to the U.S. Geological Survey, its water levels have declined more than 160 feet since 1882. Nearly 30 miles long in 1850, the lake is only 12 miles long today. The runoff provided hydrological pressure that sustained area water wells, especially in Walker Lake, where Ruse said residents are seeing “very brackish” water coming from taps, a potential death knell for the town. “It’s getting harder and harder to keep the federal standards for potable water,” he said. “So there’s going to be a day—and I’m waiting for the call—that we need to put a reverse-osmosis system in, which we couldn’t afford to do.” Walker Lake and nearby Hawthorne, the Mineral County seat, struggle in the desert—Hawthorne has seen its population decline 60 percent from 10,000 in 1980 to just over 3,000 in 2020. Meanwhile, agriculture in the Smith and Mason valleys has thrived. (Top) Walker Lake has receded well beyond the sign on U.S. Route 95, in Mineral County, Nev., in January 2026. Decades ago, anglers could shorecast for fish that can no longer survive in the shrinking lake. (Bottom) Nevada’s Walker Lake, a 13-mile-long lake about 75 miles southeast of Reno near the California state line in rural Mineral County, was once more than 30 miles long and 160 feet higher than it is now, in Mineral County, Nev., in January 2026. John Haughey/The Epoch Times But with mountain runoff unreliable for decades now, when upstream users divert their share, little to no water makes it to Walker Lake, leaving once-bustling waterfront businesses marooned as hulking shells far from a distant, receding shore. The case, United States and Walker River Paiute Tribe v. Walker River Irrigation District, is not a new case, but ongoing litigation arising from a lawsuit filed in 1924. It’s part of a flood of litigation stemming from Walker River allocations, going back to 1902, when rancher Henry Miller sued Thomas Rickey over water rights on the river. A 1936 Walker River Decree issued by the Nevada U.S. District Court finalized water rights for more than 500 private landowners, primarily farmers and ranchers, within the Walker River Basin, including those in the Walker River Irrigation District, under a “first in time, first in right” policy that remains the standard almost a century later. Like Nevada, most western states allocate water by the policy, known as prior appropriation. Therefore, under the 1936 decree, upstream users have legal priority to Walker River water. But in 2015, Mineral County filed a lawsuit citing the public trust doctrine, the legal principle that certain natural and cultural resources be preserved for public use. The lawsuit claimed that under the public trust doctrine, it is the state’s duty to maintain minimum inflows into public waters, such as Walker Lake, to sustain environmental, wildlife, recreational, and economic resources. The U.S. District Court ruled in the county’s favor. The irrigation district appealed. The U.S. Ninth Circuit Court overturned the ruling; the public trust doctrine, it held, was a state law issue that had not been decided in Nevada. That kicked the case back to the Nevada Supreme Court, which in 2020 determined all Nevada waters will now be allocated under the public trust doctrine—but that already-issued water rights would not be, and can never be, reallocated. The Supreme Court of Nevada building in Carson City, Nev., in this file photo. In 2020, the court determined that all Nevada waters will now be allocated under the public trust doctrine. Steven Frame/Shutterstock The court directed Mineral County to recommend ways to restore the lake without reallocating water rights, and to work with the Walker Basin Conservancy, a nonprofit created in 2014 with federal funding initially secured by Sen. Harry Reid (D-Nev.) and the National Fish and Wildlife Foundation’s Walker Basin Restoration Program. In 2021, Mineral County amended its 2015 complaint to intervene in the decades’-long parallel suit by the Walker River Paiute Tribe seeking to boost Walker River flows into a reservation reservoir and secure water rights for 167,460 acres added to the reservation since 1936. The county’s complaint includes 24 “actions … necessary to restore and maintain Walker Lake’s public trust values.” After years of procedural delays, including a requirement to individually serve more than 1,000 watershed landowners across the country, the case is set to proceed into discovery. A potential trial looms. But an alternate “win-win” solution orchestrated by the Walker Basin Conservancy is gaining traction and could, perhaps, mitigate the need for a court-ordered resolution. ‘The Only Solution’ Since its creation, the conservancy has restored public access to 33 miles along the Walker River and purchased more than 13,700 acres of water rights, enough to restore about 60 percent of the river inflow biologists maintain is needed to restore the lake’s fishery. Conservancy CEO Peter Stanton and Water Program Director Carlie Henneman did not return emails and repeated phone requests for comment about the program from The Epoch Times. Nor did the Nevada Department of Conservation and Natural Resources, Walker River Irrigation District attorney Gordon DePaoli, or Walker Basin Working Group’s Oregon-based legal advisers, Jamie Saul of the Wild & Scenic Law Center and Kevin Cassidy of Lewis & Clark Law School’s Earthrise Law Center. Several attorneys representing different parties would only speak off-the-record, underscoring the contentious complexities of the case. A sign of the Walker River Paiute Tribe in Shurz, Nev., on Oct. 16, 2024. Walker Lake retains water flowing east 100 miles from California’s Bridgeport and Topaz reservoirs through Nevada’s Smith and Mason valleys and the Walker River Paiute Tribe's reservation. Frederic J. Brown/AFP via Getty Images Roderick E. Walston, an attorney with Best Best & Krieger in Walnut Creek, Calif., told The Epoch Times his clients above the Bridgeport Reservoir in California are apprehensive about Mineral County’s suit, which he said essentially demands the federal court to reallocate existing water rights under the public trust doctrine. “Our response is basically that the Nevada Supreme Court resolved that issue four years ago,” he said. Walston was a California deputy attorney general in 1983 and argued the Mono Lake case before the California Supreme Court. In that case, the state’s public trust doctrine was used to thwart Los Angeles from purchasing Mono Lake water rights that would have devastated the lake’s ecology and Sierra Nevada economies. “So I argued both the case in California Supreme Court 40-something years ago and then also argued the case in the Nevada Supreme Court about four years ago,” he said. Walston said the case could have “great impact” on water disputes in states that uphold the prior allocation doctrine. “This is an absolutely large case,” he said. Meanwhile, Mineral County District Attorney Ryan McCormick, who assumed his post seven weeks ago, told The Epoch Times he’s playing catch-up in reading filings “from decades and decades of litigation.” A sign is pictured at Walker Lake in Hawthorne, Nev., on Oct. 16, 2024. According to the U.S. Geological Survey, Walker Lake’s water levels have declined more than 160 feet since 1882. Nearly 30 miles long in 1850, the lake is only 12 miles long today. Frederic J. Brown/AFP via Getty Images “In a perfect world, if we get some specific performance and find a way to divert water back into the lake and have the levels rising again, that would be absolutely ideal,” he said, adding he isn’t privy to the reasoning behind all of the 24 actions assembled by the Walker Lake Working Group. It’s a complicated case in a long-litigated watershed but the best resolution is simple, McCormick said. “With the best interests of Mineral County, Hawthorne, and Walker Lake in mind here, we would like the lake to be receiving fresh water again. It would be nice to see some economic development right now, right?” But Walston said odds are slim the court will cast aside the state’s Supreme Court determination that existing water rights cannot be reallocated. Working with the conservancy and other groups to purchase water rights from willing landowners at $3,000 to $4,000 per acre foot—an acre of one-foot deep water—is a win-win for all involved, he said. “It’s the only solution, really. The Nevada Supreme Court has said you can’t just take water rights that have been adjudicated and take that water and put it into Walker Lake,” Walston said. “But you can go to various water users and negotiate with them and buy their water rights. In that case, then you could reallocate.” Tyler Durden Wed, 02/18/2026 - 22:35

Miami is not the next Silicon Valley. It's something much weirder.
BusinessBusiness Insider4d ago

Miami is not the next Silicon Valley. It's something much weirder.

Kevin Dietsch/Getty Images; Getty Images; Rebecca Zisser/BI Tech's elite are taking their talents to South Beach — again. In January, David Sacks, the venture capitalist and crypto and AI czar, proclaimed that Miami will soon replace New York City as America's financial capital. Stripe's Patrick Collison has been marveling at the city's "boomtown" vibes. With California flirting with a one-time tax on billionaires, said billionaires like Larry Page, Sergey Brin, and Mark Zuckerberg are buying oceanfront mansions. And on Tuesday, Palantir announced that it's moving its headquarters from Denver to Miami. Is Miami the next Silicon Valley? We've been here before. The pandemic sent waves of coastal workers to the city, turning it into a Zoomtown full of online venture capitalists like Keith Rabois and Delian Asparouhov, bitcoin bull runners, and purveyors of the finest NFTs. Billboards went up in San Francisco featuring a mock tweet from then-Miami mayor Francis Suarez: "Thinking about moving to Miami? DM me." Here's the thing: It's easy to fall for Miami when a big chunk of the workforce is stuck at home and online. Five years later, it's a lot harder to build companies there. "Miami is great three months out of the year," says one prominent venture capitalist who moved to the city during the pandemic but is now returning to an established hub. While the Floridian tax benefits are real, the investor has found that the social scene hollows out in the summer as residents leave, making it "hard to build roots or have reliable friends." More critically for the startup ecosystem, the scene lacked the "hustle" of San Francisco or New York. Silicon Valley practically runs on a conveyor belt from Stanford and Caltech to Y Combinator's Dogpatch offices. The machine turns students into founders, builders into companies, and companies into the next wave of founders. Miami, meanwhile, lacks a major university to pipe in tech talent. Instead, the investor says, the city tends to attract people who have already "made it." Miami and Fort Lauderdale-based startups raised $3 billion in 2025. Bay Area-based startups raised $177 billion. The Miami market, while busy, significantly lags behind the major hubs. Startups in the Miami-Fort Lauderdale metro raised about $3 billion in 2025, per PitchBook, down from $8.6 billion in 2022, when money and crypto sloshed about. The Bay Area, by contrast, still grabs 52% of the nation's venture funding, with $177 billion in capital pouring in last year. Alligators may be all around in Miami, but unicorns are hard to find. In January, Cast AI, a startup that helps companies cut cloud costs, crossed the $1 billion valuation mark, becoming the region's first homegrown unicorn in years. Before that, Adam Neumann, the ousted WeWork cofounder, debuted his Miami residential real-estate venture, Flow, at a $1 billion valuation in 2022. Even Garry Tan, the Y Combinator president and gadfly who's usually first in line to dunk on San Francisco's politics, has been blunt about where the breeding grounds are best. Tan recently said on X that the accelerator still hasn't opened offices outside the Bay Area because founders are simply more likely to build unicorns there. According to a Business Insider analysis of Crunchbase data, of the at least 97 new unicorns that investors minted in 2025, 43 of them were based in the Bay Area. But those who dismiss the city entirely miss the point. Miami isn't the next San Francisco. It's establishing itself as something else. Patrick Murphy, a former Florida congressman and entrepreneur, says that Miami's tech scene is growing, it's just being built in "reverse order." Silicon Valley, he says, emerged from an if you build it, they will come approach: Engineers built great companies first, which eventually created fortunes that cycled back into the community to fund the next generation of companies. Miami, however, has a more if you come, they will build it tact. It's attracted the "wealth achievers" first — the family offices, private equity names, and already-successful founders who emigrated for lifestyle reasons. Finance heavyweights like Citadel and Thoma Bravo arrived early. Vanguard, one of the world's largest asset managers, is eyeing an expansion in Miami as it targets more Latin American wealth. The city is now importing the machinery that follows them. Legal, accounting, and consulting firms are opening local offices to stay close to clients — and scoop up star talent that no longer needs to live near HQ. This dynamic has established Miami as a "control center" for decision-makers, Murphy argues, but not yet the "factory floor" where the actual work gets done. Murphy says that despite running a successful construction-tech startup, Togal.AI, his engineering team has been offshore from the beginning because the local talent pool simply "didn't exist" when he started in 2019. "If you go to Miami, you're not going to see dozens of engineers at a Starbucks cranking away," he says. "That's not here yet." Still, Miami's flood of wealth is creating demand for startups built on the city's local economy, especially in property tech and fintech, Murphy says. Togal.AI's annual recurring revenue has grown 1,000% over the past two years, Murphy says, and is now raising fresh venture funding in order to hire dozens of new employees this year. Palantir's move immediately became a kind of Rorschach test for Miami's future. "Florida is the new crypto," one user wrote on X. Maya Bakhai, a Fort Lauderdale resident and founder of the early-stage venture firm Spice Capital, tells me that the city will flourish alongside "net new" industries that are still taking shape and where the center of gravity isn't locked in yet. Crypto firms like MoonPay and QuickNode still treat South Florida as a home base, she notes. A new space-tech accelerator backed by the state is trying to persuade founders to stick around by pairing them with funders. Bakhai's bigger bet is that just as New York became the hub for e-commerce, Miami could become the place where creator businesses get built. Research out of the University of Hong Kong found Miami has more top influencers per capita than New York or Los Angeles. And then there's Palantir, the strongest signal flare yet that tech is taking America's Playground seriously. It's hard to know what the data giant's HQ move will mean in practice — Palantir hasn't said how many employees it plans to relocate, or whether it will offer moving packages to lure talent south. The company did not respond to an email request for comment. If Palantir does move a meaningful slice of its workforce, it would give Miami something it's been short on: a marquee tech employer that can recruit and keep technical workers on the ground year-round. On X, Palantir's move immediately became a kind of Rorschach test for Miami's future. ""Florida is the future," cheered Andreessen Horowitz investor Katherine Boyle. Others were less convinced. "Florida is the new crypto," one user wrote. "For the next 20 years, nothing will change, but they will always tell you 'big things are happening in Florida.'" Turning Miami into Silicon Beach is a long game, Bakhai argues. It won't be built by the billionaires buying houses to snowbird in today, she argues, but by the young strivers arriving for their first serious jobs — the entry-level analysts heading to Citadel and the junior lawyers starting at firms like Orrick. For the first time, she says, ambitious graduates can launch careers in Miami instead of treating New York or San Francisco as the default. The payoff, she says, comes years later, when they eventually spin off to start their own companies. Until then, Miami remains largely a playground for the "made it" crowd, waiting in the sun for the builders to come. Melia Russell is a reporter with Business Insider, covering the intersection of law and technology. Read the original article on Business Insider

The shutdown of USAID and the deeper crisis behind it
PoliticsDawn5d ago

The shutdown of USAID and the deeper crisis behind it

“Why did you start driving inDrive?” It’s my go-to icebreaker with drivers in Pakistan. Lately, the answers have been unsettlingly similar. “I used to work in the development sector,” one man told me. “Then I lost my job.” I’ve heard that line — or a version of it — too many times to dismiss as coincidence. Since the United States pulled the plug on its aid apparatus, the fallout has been immediate. On the surface, the shutdown of USAID is being framed as just another abrupt policy reversal — a bureaucratic casualty in an era of disruption. But look closer, and it reveals something far more profound: the cumulative weight of domestic and international tensions that have been simmering, both within and beyond the US for decades. Cycles of aid, cycles of distrust The first source of strain lies beyond US borders. From its inception as a Cold War instrument, American foreign aid has been shaped by an enduring tension between its declared objectives of development and altruism and its underlying strategic and political calculations. This duality has long been apparent to the recipient elites and the broader public alike. During the Cold War, many governments acquiesced, in part because Western donors faced little competition and alternative sources of assistance were scarce. That landscape has since changed. As non-traditional donors, most notably China and the Gulf states, have expanded their presence, and as domestic political incentives within recipient countries have shifted, scepticism toward USAID has become more explicit and politically salient. In countries such as Pakistan, where mistrust of American intentions runs deep, US assistance is often perceived less as generosity than as intrusion. What is now framed as a backlash against American aid is better understood as the culmination of a long-simmering tension and a legacy of mutual misperceptions between donor and recipient. Pakistan’s experience with US foreign aid agency illustrates this dynamic with particular clarity. American assistance to Pakistan has never been linear or predictable; instead, it has unfolded in cycles closely attuned to Washington’s shifting strategic priorities. During the Cold War, aid was channelled primarily through a security-alliance framework aimed at containing the Soviet bloc, with economic assistance tightly coupled to military cooperation. These flows declined sharply after the 1965 war, reinforcing perceptions of US aid as conditional, transactional, and reversible. Another peak in this equation followed in the 1980s, when General Ziaul Haq aligned Pakistan with the US in opposing Soviet expansion in Afghanistan. Yet with the collapse of the Soviet Union, and the subsequent imposition of US sanctions on Pakistan’s nuclear programme under the Pressler Amendment, assistance once again contracted. It was only after 9/11 that the aid surged anew, this time framed around counterterrorism and stabilisation. Even at its height, however, much of this assistance remained shaped by security imperatives, short funding horizons, and heavy reliance on contractors, rather than long-term institution-building. For many Pakistanis, therefore, the shutdown of USAID feels less like an abrupt rupture than the latest turn in a familiar cycle of engagement and disengagement. The second factor is bureaucratic pathologisation. Like many large organisations, aid agencies are susceptible to institutional dysfunction, and USAID has been no exception. In practice, particularly in contexts such as Pakistan, as commissioner on the Afghanistan War Commission Andrew Wilder has noted, its programmes increasingly came to be structured through a security lens rather than a development one. Key decisions were made in Washington, filtered through multiple layers of contractors, and ultimately deployed on the ground with limited scope for local input. At the same time, bureaucratic incentives privileged projects with easily quantifiable indicators, favouring what could be measured over what was substantively effective. These patterns were neither accidental nor new, nor are they unique to the US. Over time, however, they eroded both the legitimacy and the perceived effectiveness of USAID, among recipients abroad and critics at home. These institutional dynamics had tangible consequences on the ground. In Pakistan, USAID funding became heavily concentrated in sectors aligned with stabilisation and security objectives — such as service delivery in so-called “fragile” districts or rapid-impact infrastructure — often at the expense of slower, politically unglamorous investments in local institutional capacity. NGOs and development professionals structured entire career paths around USAID project cycles, only to see those opportunities vanish when priorities shifted or funding was abruptly frozen. The result was a hollowing out of local expertise and institutional memory. When aid was withdrawn, it left behind far fewer durable institutions than its scale and visibility might have led one to expect. The mismatch between stated development objectives and the underlying security logic was further compounded by an overreliance on quantifiable metrics to demonstrate impact. This tendency was reinforced by a development ecosystem shaped by the overproduction of economists and political scientists trained as methodological specialists rather than regional experts. Programmes designed in Washington often prioritised what could be easily counted — number of schools built, clinics refurbished, trainings delivered, or kilometres of roads completed — over whether such interventions meaningfully strengthened local institutions. In Pakistan, this logic was especially evident in sectors such as education, health, and local governance, where projects were assessed primarily through output indicators rather than sustainability or local ownership. Multiple layers of contractors further diluted accountability and blurred responsibility once funding cycles ended. Over time, this produced a paradox: USAID became both omnipresent and poorly understood — associated with large budgets and extensive reporting, but yielding limited and uneven institutional impact. That credibility gap left the agency especially exposed when domestic political support in the US began to erode. The third major factor behind the dismantling of the aid lies in the domestic backlash within the US against international cooperation. Opposition to foreign aid, multilateralism, and international institutions long predates Donald Trump, reflecting decades of polarisation over globalisation and America’s role in the world. By the time Trump entered office, hostility toward international engagement was already deeply embedded in US politics. In this context, shuttering a highly visible aid agency became a potent domestic signal; it becomes a way to demonstrate responsiveness to voters who view global commitments as costly, wasteful, or illegitimate. Dismantling USAID was therefore less a recalibration of foreign policy than an act of domestic political theatre. The US government’s official justification for shutting down USAID frames the move as a response to “China’s exploitative aid model” and a means of advancing American “strategic interests in key regions around the world”. It is true that China has dramatically expanded its development footprint and largely operates outside the traditional Western aid framework. But that explanation doesn’t hold up to deeper scrutiny. If Washington were genuinely seeking to compete with Beijing in the development arena, the more coherent response would have been reform and reinvestment, not withdrawal. Moreover, Chinese and US aid are not direct substitutes. They target different sectors, rely on distinct instruments, and frequently operate alongside one another in the same countries — Pakistan among them — without displacing each other. In Pakistan, Chinese assistance has concentrated on large-scale infrastructure and energy projects, while USAID has focused primarily on education and health. Chinese aid typically flows through bilateral, government-to-government channels, whereas US assistance has often bypassed the Pakistani state, working instead through NGOs and contractors. China’s rise may well be sharpening anxieties in Washington, but it does not, on its own, explain why the US would choose to erode its own institutional capacity in response. A looming domino effect The shutdown of USAID, then, should not be understood as a one-off policy blunder or an idiosyncratic choice tied to a single administration. Rather, it reflects the convergence of long-accumulating tensions: between the professed ideals and strategic deployment of aid abroad; between development objectives and bureaucratic practices within aid agencies; between international commitments and domestic political incentives at home. USAID’s collapse is best understood not as the cause of these pressures, but as their most visible manifestation. The consequences of this decision extend well beyond the fate of a single agency. They reveal the fragility of the broader international aid regime, which ultimately depends on the willingness of a small number of leading powers to absorb the political and financial costs of institutionalised cooperation. When that willingness erodes, institutions lose both credibility and purpose and eventually collapse. Signs of this erosion are already evident, as other major donors, including the United Kingdom and Germany, begin to scale back their own aid commitments. What is at stake, then, is not merely the dismantling of USAID, but the gradual unravelling of an international aid regime built on mutual trust and a sustained commitment to lifting the world’s poorest out of poverty.

Politicskeep-talking-greece6d ago

Taxi drivers in Greece on strike: 3 days in Athens & Attica, 2 days across the country

Taxi drivers in Attica and throughout the Greece are proceeding with new strikes escalating their protest and demanding the satisfaction of a series of their demands. Taxi drivers in Athens and Attica will be on a 3-day strike from Tuesday until Thursday, February 17-19. Usually these strikes start at 6 a.m. on the first day […] The post Taxi drivers in Greece on strike: 3 days in Athens & Attica, 2 days across the country appeared first on Keep Talking Greece.

Travel Guide to Kerala, India's 'Land of God'
Culturela-vanguardia7h ago

Travel Guide to Kerala, India's 'Land of God'

A guide for first-time travelers to Kerala, India's 'Land of God,' describes it as a tropical micro-universe in the south of the country where history and nature coexist along 900 kilometers of rivers and backwaters.

600 Guangdong drivers enter Hong Kong as thousands apply for new scheme
BusinessSCMP1d ago

600 Guangdong drivers enter Hong Kong as thousands apply for new scheme

About 600 motorists from Guangdong have driven their vehicles into Hong Kong urban areas during the Lunar New Year holiday under a new scheme that has so far attracted 3,000 applications, according to the transport minister. Secretary for Transport and Logistics Mable Chan said on Saturday that weekend quotas for such trips had almost been filled on average during the holiday period. She added that the government would first consolidate the foundation of the scheme before reviewing the curren...

Natalie Decker Draws Hate from Female NASCAR Drivers, Including Dale Earnhardt's Granddaughter
SportYahoo2d ago

Natalie Decker Draws Hate from Female NASCAR Drivers, Including Dale Earnhardt's Granddaughter

The crash itself lasted only seconds. The reaction to it hasn’t stopped. What began as a late-race collision at Daytona has evolved into a broader conversation inside NASCAR — one that now includes some of the most recognizable women in the sport, including a member of the Earnhardt family. Natalie Decker’s involvement in a multi-car incident during the O’Reilly Auto Parts Series race at Daytona set off immediate debate among fans. But in the days that followed, the discussion shifted from racin

NASCAR Fuel Strategy Debate at Daytona
SportYahoo3d ago

NASCAR Fuel Strategy Debate at Daytona

Toyota's fuel-saving tactics at Daytona have sparked frustration among NASCAR drivers and fans, highlighting ongoing tensions between rules and innovation in the sport.

Trump Admin Closes CDL Loophole That Let Illegal Immigrants Drive Big-Rigs
PoliticsFox Newszerohedge3d ago2 sources

Trump Admin Closes CDL Loophole That Let Illegal Immigrants Drive Big-Rigs

Trump Admin Closes CDL Loophole That Let Illegal Immigrants Drive Big-Rigs The Department of Transportation shut down a major safety vulnerability this past week that had allowed illegal immigrant drivers to operate commercial trucks on American highways despite having no verifiable driving history. “For far too long, America has allowed dangerous foreign drivers to abuse our truck licensing systems – wreaking havoc on our roadways. This safety loophole ends today,” Transportation Secretary Sean P. Duffy said in a statement. “Moving forward, unqualified foreign drivers will be unable to get a license to operate an 80,000-pound big rig. Under President Trump’s leadership, we are putting the safety of the driving public first. From enforcing English language standards to holding fraudulent carriers accountable, we will continue to attack this crisis on our roads head on.” The reform targets a gaping hole in how states issue commercial driver's licenses to foreign nationals. While licensing agencies can screen U.S. drivers through national databases for past violations like DUIs or crash history, they cannot access records of foreigners and illegal immigrants. That loophole enabled at least 30 states to issue CDLs to drivers deemed ineligible. Under the old system, foreign drivers holding only work permits could obtain commercial trucking licenses because Employment Authorization Documents don't indicate prior traffic violations, accidents, or license suspensions in other countries. States had no way to know whether an applicant had a clean record or a history of reckless driving before allowing them to operate an 80,000-pound vehicle. The new rule formally codifies Duffy's emergency action from last September that ended the issuance of non-domiciled commercial driver's licenses to truckers with unverified driving histories. EADs will no longer be accepted as proof of eligibility. Applicants must instead present an unexpired foreign passport along with the appropriate Form I-94, which tracks a noncitizen's entry to and exit from the United States. “Under the provisions, only foreign nationals holding temporary work visas, such as H‑2B, H‑1B, or temporary investor visas from treaty countries, known as E‑2 visas, may be eligible,” explains Fox News Digital. “In addition, states must verify the lawful immigration status of every applicant by checking the Systematic Alien Verification for Entitlements (SAVE) system.” At least 30 people died in 17 crashes caused by non-domiciled commercial driver’s license holders in 2025, according to reports. Among the most serious incidents, a non-domiciled driver triggered a multi-vehicle crash inside a tunnel on Interstate 80 in Wyoming on February 14, killing three people and injuring 20 others. On August 12, another non-domiciled driver caused a crash on the Florida Turnpike that left three people dead after attempting an illegal U-turn. In California, a driver failed to stop for traffic on October 21, setting off an eight-vehicle collision that killed three. Later in the year, on December 3, a non-domiciled driver collided with a train at a marked crossing in Ontario, California, killing a crew member. “We are done letting foreign drivers wreak havoc on our roads. If you’re behind the wheel of a big rig, you must meet our standards—no exceptions,” Duffy said in a post on X Saturday. The final rule is expected to take effect in one month, around March 15.  “A critical safety gap allowed unqualified drivers with unknown driving histories to get behind the wheel of commercial vehicles,” said Federal Motor Carrier Safety Administration (FMCSA) Administrator Derek D. Barrs. “We are closing that gap today to ensure that only qualified, vetted drivers are operating on our nation’s roadways. If we cannot verify your safe driving history, you cannot hold a CDL in this country.” Duffy praised the reform as one of several steps the Trump administration is taking to bolster transportation safety, including enforcing English language standards for drivers. In May, Secretary Duffy signed an order establishing new guidelines to strengthen English language enforcement for commercial truck operators, placing drivers who fail English proficiency tests out of service. "Under President Trump's leadership, we are putting the safety of the driving public first," Duffy said. "From enforcing English language standards to holding fraudulent carriers accountable, we will continue to attack this crisis on our roads head on." Tyler Durden Wed, 02/18/2026 - 23:00

‘Suicide Squad’ Meets ‘E.R.’ in Globoplay’s ‘Emergency 53,’ a New Series by Famed ‘Under Pressure’ Creative Team
Culturevariety5d ago

‘Suicide Squad’ Meets ‘E.R.’ in Globoplay’s ‘Emergency 53,’ a New Series by Famed ‘Under Pressure’ Creative Team

Four years after wrapping Globoplay’s immensely successful medical series “Under Pressure,” Andrucha Waddington and Cláudio Torres have reunited for another procedural commissioned by the major Brazilian streamer. “Emergency 53,” making its first bow at the prestigious Berlinale Series Market, follows a series of doctors, nurses and drivers of a special mobile service unit as they […]

Country Begins Crackdown on Speed Camera Warning Apps
Technologyiefimerida6h ago

Country Begins Crackdown on Speed Camera Warning Apps

A country is initiating measures to end the use of applications that alert drivers to speed cameras, citing concerns about their legality despite protecting drivers from fines. This move is part of a broader trend towards stricter road surveillance.

Environmental Impact of Winter Olympics Exposed
EnvironmentThe Guardian10h ago

Environmental Impact of Winter Olympics Exposed

An investigation reveals the significant environmental damage caused by the Winter Olympics, including drained rivers for artificial snow and deforestation for bobsleigh tracks, contradicting the IOC's sustainability claims.

APC wins bye-election for Rivers Assembly seat
PoliticsPremium Times17h ago

APC wins bye-election for Rivers Assembly seat

Out of 71,914 registered voters, only 7,834 accredited voters cast their ballots in the Rivers bye-election. The post APC wins bye-election for Rivers Assembly seat appeared first on Premium Times Nig

NY Gov. Kathy Hochul Kills Plan To Allow Robotaxi Operations Outside NYC
Politicszerohedge3d ago

NY Gov. Kathy Hochul Kills Plan To Allow Robotaxi Operations Outside NYC

NY Gov. Kathy Hochul Kills Plan To Allow Robotaxi Operations Outside NYC New York Governor Kathy Hochul has withdrawn a proposal that would allow commercial robotaxi pilot operations outside New York City limits without a human safety operator in the vehicle. The decision was first reported by Bloomberg News earlier Thursday and is a major setback for Waymo as it attempts a rapid US expansion this year. Bloomberg reported: The proposal, which Hochul had included in a policy preview she presented last month, would have allowed autonomous-vehicle companies such as Waymo to apply for permission to pilot their services without human operators in the vehicle. The decision to withdraw the plan was confirmed Thursday by the governor's office to Bloomberg News. "While we are disappointed by the Governor's decision, we're committed to bringing our service to New York and will work with the state legislature to advance this issue," a Waymo spokesperson said in a statement provided to Bloomberg. Last week, Waymo co-chief executive Tekedra Mawakana told Bloomberg TV that the Hochul administration showed interest in launching robotaxis. Even if it were outside the NYC metro area, "that gives us an opportunity to grow more fans," Mawakana said, adding that some customers of the service have been requesting robotaxis within city boundaries. To note, Waymo is currently testing in NYC, but it is not yet operating a driverless commercial robotaxi service. As of early 2026, its activity includes a small fleet with safety drivers in parts of Manhattan and Downtown Brooklyn. "We hear from thousands of New Yorkers who have experienced Waymo in other cities and want access to it at home," the Waymo spokesperson added. "They want the safety, privacy and comfort that riders in other major cities already enjoy." Last month, Goldman analyst Eric Sheridan provided clients with an update on the North American autonomous-vehicle (AV) rideshare market, which is quickly gaining momentum. Read the report here. "The rise in commercial autonomous vehicle deployments remains a key debate among investors and has continued to gain momentum throughout 2025. In the medium term, we believe that AV rideshare could represent a mid-single-digit percentage of total rideshare industry bookings," Sheridan said. Current robotaxi operations The lingering question: who persuaded Hochul to kill the robotaxi expansion proposal? Tyler Durden Thu, 02/19/2026 - 16:40

‘My DNA is in this car’: Lewis Hamilton revved up for Ferrari in new F1 season
SportBBCThe Guardian4d ago2 sources

‘My DNA is in this car’: Lewis Hamilton revved up for Ferrari in new F1 season

Seven-time world champion upbeat for 2026 ‘I’m more connected to this car for sure,’ he says Lewis Hamilton believes he is in the “best place” he has been with his Ferrari team with a new car that carries his “DNA”. Hamilton’s debut season with Ferrari was disappointing, with the seven-time champion failing to take a podium for the first time in his career and finishing sixth in the drivers’ championship, behind his teammate Charles Leclerc in fifth. By the end of the year he was clearly disenchanted and openly critical, describing his season as a “nightmare”. Continue reading...

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people
BusinessBusiness Insider5d ago

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people

Vinod Khosla says stock prices aren't the way to evaluate AI bubbles. Mert Alper Dervis/Anadolu via Getty Images Vinod Khosla says the rise of AI might warrant steeper taxes on capital and none for most workers. The billionaire VC wrote on X that AI displacing workers could shrink the labor part of the economy. Khosla wrote that some popular tax breaks were "special interest goodies" and not "true capitalism." If artificial intelligence eliminates millions of jobs, it might make sense to scrap income taxes for the vast majority of Americans and target capital instead, Vinod Khosla says. "AI will transform economies and need a rethink of capitalism & equity," the billionaire venture capitalist wrote in an X post on Monday. "Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income?" Khosla — who cofounded Sun Microsystems and made the first VC investment in OpenAI — was making the point that AI replacing labor on a grand scale might warrant greater taxes on assets such as stocks and real estate. The veteran financier, who founded Khosla Ventures after leaving Kleiner Perkins, attached a video highlighting some of the jobs that could be taken by AI, from accountants and therapists to truck drivers and chip designers. AI will transform economies and need a rethink of capitalism & equity. Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income? 40% of capital gains taxes are paid by those with… pic.twitter.com/7oSA9xj5Ko — Vinod Khosla (@vkhosla) February 16, 2026 Khosla said in a follow-up post that ramping up taxes on capital would generate so much revenue that the government could scrap taxes for most of the roughly 150 million US taxpayers. "Could easily eliminate bottom 125 million taxpayers from the tax rolls and be revenue neutral at the same time with a capital gains tax equal to ordinary income and a few other tweaks," he wrote. He added that tax breaks such as carrying over tax losses and tax-free borrowing against unrealized gains — which he called a "true abuse!" — are "special interest goodies inserted by lobbyists and campaign contributions, not true capitalism." Khosla didn't address common critiques of higher taxes, including that they can discourage entrepreneurship and investment, that collecting them can be tricky, and that wealthy people may leave the country to avoid them. Khosla has previously underscored that the advent of AI may require sweeping policy changes. He estimated in late 2024 that in 25 years' time, AI could be doing 80% of the work in 80% of all jobs, and universal basic income might be needed to compensate for job destruction. "As AI reduces the need for human labor, UBI could become crucial, with governments playing a key role in regulating AI's impact and ensuring equitable wealth distribution," he wrote on his firm's website. Khosla isn't alone in predicting AI will change the fabric of society. Elon Musk suggested late last year that work could become "optional" and money might become "irrelevant" if advances in AI and robotics generate abundant resources for all. Moreover, the Tesla and SpaceX CEO recently said that retirement savings may not be needed in 10 or 20 years, as everyone might have "whatever stuff they want." However, skeptics such as Michael Burry of "The Big Short" fame have cautioned the AI boom is a speculative bubble, tech companies are overinvesting in microchips and data centers that will quickly become obsolete, and true AI is further away than many think. Read the original article on Business Insider