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Friday, May 8, 2026

Far-left candidate to succeed Nancy Pelosi leads vulgar rally with Hasan Piker

 San Francisco congressional candidate Saikat Chakrabarti made millions in tech, and he’s poured almost $5 million of his own wealth into the race to succeed former House speaker Nancy Pelosi.

But that didn’t stop the progressive techie — who’s been weirdly shunned by his former boss, Rep. Alexandria Ocasio-Cortez — from holding a rally to level vulgar attacks at the wealthy elite just a rung or two up the economic ladder.

“F–k the oligarchs,” Chakrabarti awkwardly shouted Thursday to a crowd gathered to hear him and Marxist influencer Hasan Piker speak.

Adding to the spectacle were shouts of “f–k Israel” and former New York congressman Jamaal Bowman leading chants of “f–k ICE.”

“F–k the oligarchs,” Chakrabarti awkwardly shouted Thursday to a crowd gathered to hear him and Marxist influencer Hasan Piker (pictured at the podium) speak.CA Post
Hasan Piker arrives at the Vanity Fair Oscars party after the 98th Academy Awards, in Beverly Hills, California, U.S., March 15, 2026.REUTERS
Saikat Chakrabarti and Hasan Piker seen in a YouTube video.Youtube/Saikat Chakrabarti

The race has highlighted divisions within local Democratic politics in the famously liberal city by the bay. Piker’s appearance was seen as a thumb in the eye of the establishment after he was condemned by the local Dem party.

Recently unearthed videos show Piker going on expletive-filled rants against Asian Americans, calling them “dogs for white people” and telling a female Vietnamese refugee to “suck my d—, old lady.” Chakrabarti also 

Chakrabarti did not immediately respond to a request for comment about his actions at the event, which was held at a club in San Francisco’s SoMa neighborhood and comes ahead of the June 2 primary election. 

Chakrabarti is facing off against state Sen. Scott Wiener, city Supervisor Connie Chan and neighborhood advocate Lori Brooke to see who will decide who will take the baton from Pelosi after four decades in office. 

Federal campaign records show Chakrabarti has consistently funneled huge checks into his campaign, including two separate million-dollar contributions earlier this year. 

In an interview with the Standard, Chakrabarti — in perhaps oligarchian fashion — said there’s no limit on how much he’ll spend to win the race.CA Post

Polling has shown Wiener, who is considered a moderate Democrat by San Francisco standards, leading the race, and his platform has traditionally focused on housing, transportation and LGBTQ+ rights as an openly gay man. Chan, meanwhile, is seen as a labor-oriented progressive and she has been unsuccessfully courting Pelosi’s endorsement.

Last month, Chan took a meeting in Pelosi’s office while in Washington, D.C. for a California Building Trades event.  

Chakrabarti is further to the left than both candidates and he’s called for campaign finance reform that would prevent future candidates from independently funding campaigns with their own wealth as he’s doing.

That’s not the only disconnect in the race.

Ocasio-Cortez, better known as AOC, has been frequently cited by Chakrabarti as a model for his lefty brand of politics, but the congresswoman has ghosted her former campaign manager and chief of staff at every turn.

When recently asked by a reporter why she hasn’t endorsed Chakrabarti, AOC responded: “I’m just not commenting on it at all.”

The San Francisco Standard covered Thursday’s rally and noticed that some attendees were there more to observe than support.

“I don’t think someone with a hundred million dollars is a functioning human being on the same level as me,” said an attendee named Ryan, who declined to give his last name. “He’s not a real person.”

In an interview with the Standard, Chakrabarti — in perhaps oligarchian fashion — said there’s no limit on how much he’ll spend to win the race.

“That’s going to depend on how much is getting spent against me,” Chakrabarti said. “For me? I’m in this to win it.”

https://nypost.com/2026/05/08/us-news/saikat-chakrabarti-leads-vulgar-rally-with-hasan-piker/

Minn. GOP state lawmaker pushes House Oversight panel to subpoena Omar

 A Minnesota state lawmaker is asking a powerful House committee to subpoena US Rep. Ilhan Omar (D-Minn.) for refusing to cooperate with an investigation into her possible ties to Somali fraudsters who bilked Twin Cities taxpayers out of $250 million.

State Rep. Kristin Robbins (R-Maple Grove), who is chairing a fraud oversight investigation in Minnesota’s legislature, wrote to US House Oversight Committee Chairman James Comer (R-Ky.) on Thursday requesting that his panel compel Omar to hand over “her staff’s communications with defendants” implicated in the fraud.

“As you may be aware, Rep. Ilhan Omar has documented ties to criminals convicted in the Feeding Our Future case, including holding her 2018 election party at the Safari Restaurant and appearing in a video promoting the MEALS Act, which was filmed at the Safari Restaurant,” Robbins told Comer.

State Rep. Kristin Robbins wrote a letter to House Oversight Committee Chairman James Comer (R-Ky.) on Thursday requesting that his panel compel Omar to hand over “her staff’s communications with defendants” implicated in the fraud.Minnesota House

“In the federal case U.S. v. Bock, several text and email exchanges between Rep. Omar’s office and the defendants in the case were listed in the trial exhibits,” she also said, noting that she sought the information and an interview from the congresswoman — but was rebuffed.

“Although we cannot compel Rep. Omar to turn over the communications, we respectfully request that the House Oversight Committee consider requesting or subpoenaing this information,” Robbins emphasized.

“It is essential to understand the genesis of the largest COVID-related fraud scandal by getting the documents and the facts about Rep. Omar’s and her staff’s communications with defendants in this case.”

“Although we cannot compel Rep. Omar to turn over the communications, we respectfully request that the House Oversight Committee consider requesting or subpoenaing this information,” Robbins emphasized.REUTERS

A proposed subpoena submitted to the Oversight panel lists internal records related to Minnesota Department of Education food programs, as well as communications “with the owners and staff of Safari Restaurant” about the same programs as well as with Omar’s ex-staffer Guhaad Hashi Said.

Said worked for Omar’s 2018 and 2020 congressional campaigns as an “enforcer” overseeing voter mobilization in the Somali community, according to local conservative outlet Alpha News.

The 49-year-old pleaded guilty in August 2025 to conspiring to commit wire fraud and money laundering as part of a scheme that defrauded taxpayers out of $3.2 million for a bogus food center called Advance Youth Athletic Development.

Comer had previously told The Post he was weighing a subpoena regarding Omar’s suspiciously skyrocketing net worth — which jumped to nearly $30 million in 2024, per House disclosures.Ron Sachs – CNP for NY Post

The site falsely claimed to be giving as many as 5,000 meals per day to children in need.

Robbins’ suggested subpoena also asked for emails between Feeding Our Future defendant Aimee Bock and Omar’s former community representative in Minnesota, Natasha Rice, as well as information related to a “video aired on Somali TV,” in which Omar had “touted the MEALS Act and highlighted Safari Restaurant as a place where meals were available.”

The MEALS Act, which passed in a March 2020 package that included COVID relief money, had “removed important guardrails in the federal School Nutrition Program which, in turn, allowed restaurants to participate in the program.”

Robbins had tried to issue her own subpoena to Omar, but it was blocked along party lines in a 5-3 committee vote.

Comer, whose reps did not immediately respond to a request for comment, previously told The Post he was weighing a subpoena regarding Omar’s suspiciously skyrocketing net worth — which jumped to nearly $30 million in 2024, per House disclosures.

The Minnesota Democrat later blamed an accounting “discrepancy” for the inflated assets, with a spokesperson insisting Omar was “not a millionaire” after an amended disclosure had been filed this year.

President Trump and Vice President JD Vance have also alleged that the congresswoman may have committed immigration fraud by marrying her brother, which Omar has denied as a “sick” personal attack.

Reps for Omar did not immediately respond to a request for comment.

https://nypost.com/2026/05/08/us-news/minnesota-state-lawmaker-pushes-house-oversight-to-subpoena-rep-ilhan-omar/

Zelensky 'allows' Victory Day parade in Moscow

 Ukrainian President Volodymyr Zelensky signed a decree on Friday allowing tomorrow's Victory Day parade in Moscow.

"Taking into account numerous requests, for the humanitarian purpose outlined in the negotiations with the American side on May 8, 2026, I decide to allow a parade to be held in Moscow (Russian Federation) on May 9, 2026," the decree read. It was stated that, for the duration of the parade, Moscow's Red Square will not be a target of Ukrainian arms.

Earlier today, United States President Donald Trump announced a three-day ceasefire in Ukraine starting May 9. The agreement was later confirmed by both the Russian and the Ukrainian sides.

https://breakingthenews.net/Article/Zelensky-'allows'-Victory-Day-parade-in-Moscow/66256717

Apple, Intel said to reach preliminary chip deal

 Apple Inc. and Intel Corp. have reached a preliminary agreement for Intel to produce some of the chips in Apple devices, The Wall Street Journal reported on Friday, citing people familiar with the matter.

The iPhone maker and the US chip giant have held intensive talks for over a year and finalized a formal framework in recent months. It remains unclear which Apple products would use Intel-made chips. On Tuesday, reports on Apple approaching both Intel and Samsung about potential chip production caused Intel's stock to jump 10%.

Intel's shares skyrocketed 18.26% to sell at $129.64 apiece at 1:04 pm ET. Meanwhile, Apple increased 1.59% to $292 at the same time.

https://breakingthenews.net/Article/Apple-Intel-said-to-reach-preliminary-chip-deal/66256152

Trump: 3-day ceasefire is start of Ukraine war end

 United States President Donald Trump stated on Friday that the three-day ceasefire between Ukraine and Russia, which he said would start on May 9, represents the "beginning of the end of a very long, deadly, and hard fought War."

"This Ceasefire will include a suspension of all kinetic activity, and also a prison swap of 1,000 prisoners from each Country. This request was made directly by me, and I very much appreciate its agreement by President Vladimir Putin and President Volodymyr Zelenskyy," Trump said in a post on Truth Social, adding that the peace talks are continuing and "getting closer and closer every day."

Meanwhile, the Russian president previously announced that the ceasefire would start on May 8 and last two days, while his Ukrainian counterpart said that the ceasefire would start on May 6.

https://breakingthenews.net/Article/Trump:-3-day-ceasefire-is-start-of-Ukraine-war-end/66256411

Maryland Blames Data Centers For $1.6 Billion Power Bill Shock, Omits Green Energy Mess

 Maryland's Office of People's Counsel released a new report warning that homeowners in the state could face $1.6 billion in additional power bill costs over the next decade to subsidize transmission line upgrades, largely due to data center demand outside Maryland, more specifically from data centers in Northern Virginia.

OPC filed a complaint with the Federal Energy Regulatory Commission (FERC) arguing that PJM Interconnection, the largest U.S. grid operator, is forcing Maryland power customers to shoulder costs for grid expansion projects that feed into Northern Virginia. The complaint was titled "OPC complaint challenges PJM cost rules for unfairly assigning $2 billion in data center-driven transmission costs to Marylanders."

People's Counsel David Lapp said Maryland residents neither caused the need for the transmission line projects nor will they meaningfully benefit from them:

"Without FERC action, Maryland customers face paying billions for transmission infrastructure that PJM is advancing to benefit data centers. PJM's cost allocation rules are broken. Maryland customers have neither caused the need for these billions in new transmission projects nor will they meaningfully benefit from them."

The complaint comes as the Mid-Atlantic region, specifically Maryland, is locked in a power bill crisis, with a confluence of bad "green" energy policies colliding with the AI data center boom.

Not mentioned by the OPC or the one-party-ruled state of Democratic Party kings and queens is that Maryland is structurally dependent on imported power through PJM. It does not produce enough electricity inside the state to cover its own load, which makes power customers more exposed to regional grid costs, transmission upgrades, electricity price spikes, and data-center-driven demand growth outside of Maryland.

How did Maryland get to the point where it has to import roughly 24 million megawatt-hours of electricity a year, using 2024 EIA data, or about 40% of in-state electricity demand?

It is due to poor state-level management by politicians and their 'green' energy policies, which led to the early retirements of coal power plants and to a failure to prioritize new, reliable power to increase baseload.

Local outlet Fox Baltimore recently quoted Ed Hale, the Republican candidate for governor, who blamed the state's green energy policies and the early retirement of fossil-fuel power plants for the power bil mess. 

"We have a lot of fossil fuels here that burn a lot easier and cleaner than in the old days," Hale said earlier this year. "I'm thinking that we have to do better, and we have to reopen the plants that have been not torn down, and just get them open again and reenergize them."

Beyond Maryland, but still in the Mid-Atlantic and Northeast regions, there is a hidden cost to the AI buildout: surging carbon prices are pushing up CO2 costs across the region past California levels, raising the prospect of higher energy costs for consumers, according to Bloomberg.

The price to emit a so-called short ton of CO2 into the atmosphere under the Regional Greenhouse Gas Initiative, a market covering 10 states, including New York, jumped 12% on Monday to $53.50, adding to a 31% gain last week. Traders are betting that Virginia's planned return to the market in July will boost demand for permits, as the state is the world's largest hub for data centers.

Whether through misguided green policies at the state level, such as charging companies for CO2 emissions, the prior 'everything green' framework has miserably failed consumers.

If the U.S. wants to win the AI race, progressive states like Maryland must build out new power generation and consider reactivating coal plants, while recognizing that becoming 'greener' could result in becoming poorer - Europe is finding that out (read here).

https://www.zerohedge.com/political/maryland-blames-data-centers-16-billion-power-bill-shock-omits-green-energy-mess

Chapter 11 Bankruptcy Filings Increase 42%

 by Naveen Athrappully via The Epoch Times,

There were 644 commercial Chapter 11 bankruptcy filings in April 2026, a 42 percent yearly increase, according to a May 6 statement from the American Bankruptcy Institute (ABI).

A Chapter 11 bankruptcy seeks to reorganize a company’s debts, with the aim of keeping the business operational and, eventually, becoming solvent. This is the most common type of bankruptcy filing made by businesses.

Within the 644 commercial Chapter 11 filings last month, 301 were made by small businesses, up 46 percent year over year, ABI said.

Overall commercial filings, including Chapter 11 and other types of bankruptcies, rose 21 percent during this period to 3,060 filings this April.

Chapter 12 filings, which concern family farms and fisheries, surged 130 percent to 62 in April 2026, the highest monthly total since February 2020, according to the institute.

“Rising inflation, higher borrowing costs, and geopolitical uncertainty are intensifying the financial strain on families and businesses,” ABI Executive Director Amy Quackenboss said.

ABI “appreciates the momentum building in Congress to permanently expand access” for distressed small businesses looking to file bankruptcies for restructuring under Chapter 11, she said, referring to the Bankruptcy Threshold Adjustment Act of 2026.

The Act, introduced in March, seeks to permanently raise the small-business Chapter 11 bankruptcy debt threshold to $7.5 million, according to a March 5 statement from Rep. Ben Cline’s (R-Va.) office. The threshold is the maximum debt limit a small business owner can have while applying for such bankruptcy.

The higher limit will allow more small businesses to access a “faster, more cost-effective bankruptcy process” while they negotiate with creditors.

“The Bankruptcy Threshold Adjustment Act will give small businesses the certainty they need to reorganize, restructure, and keep operating when challenges arise,” Cline said.

“By permanently raising the eligibility threshold, we’re ensuring more job creators can access a streamlined and affordable bankruptcy process that helps them stay open, protect paychecks, and meet their obligations. Just as importantly, this bipartisan bill maintains the integrity of our bankruptcy system by keeping it self-supporting and fair for all who rely on it.”

Economic Indicators

While bankruptcy numbers are increasing, other economic indicators, such as employment and business sector activity, are giving mixed to positive signals.

For instance, the initial unemployment weekly claims for the week ending May 2 stood at 200,000. While this was an increase of 10,000 claims compared to the previous week, the four-week moving average of the claims fell by 4,500 during this period.

In a May 7 statement, the National Federation of Independent Business (NFIB) said that its April jobs report indicates “softening” in the employment market.

The organization’s Small Business Employment Index declined for the second straight month in April. However, “even in a month with a weaker Employment Index, over half of small business owners reported hiring or trying to hire,” NFIB chief economist Bill Dunkelberg said.

Regarding business activity in the United States, five of seven sectors tracked by S&P Global registered higher activity in April than the previous month, according to a May 5 statement from the company.

In April, the health care, consumer goods, industrials, basic materials, and consumer services sectors grew month over month, while technology and financial sectors posted declines. Health care and consumer goods were the two top-performing sectors.

“The latest increase in Consumer Goods production was the steepest since April 2022,” S&P said. “This partly reflected advanced purchasing and customer stock building in response to expected price hikes, as the rate of new order growth surged to its highest since August 2021.”

As for the country’s overall economic growth, the first quarter 2026 U.S. GDP growth was 2 percent, up from 0.5 percent in the fourth quarter of 2025, according to an April 30 estimate by the Bureau of Economic Analysis.

In late April, Federal Reserve Chairman Jerome Powell said that U.S. growth was “really solid” across the economy.

“Some of that is that consumer spending is hanging in pretty well; the most recent data are good. And some of it is just the apparently insatiable demand for data centers all over the United States,” Powell said.

https://www.zerohedge.com/personal-finance/chapter-11-bankruptcy-filings-increase-42