July 17, 2026

Michael's Daily Notes

Washington has no plan for our $39 trillion debt, and no solution for however many entered illegally or overstayed visas. Heat records are being shattered around the globe, yet climate change sits on the back burner — pun intended. Nobody seems concerned about the possibility of civil disorder born of societal disconnect and wealth disparity.

But hey, at least the Senate found time Wednesday to unanimously pass a resolution — at the behest of Sens. Ruben Gallego (D-Ariz.) and Cynthia Lummis (R-Wyo.) — opposing any pardon for Sam Bankman-Fried, serving 25 years for the fraud that felled his crypto exchange, FTX. Gallego said it “should not be considered controversial” that a convicted fraudster “should not be allowed to walk away scot-free.” Perhaps that was his last legislative achievement. A day later came the New York Post’s report of Gallego’s past sexual relationships with two House staffers and his “very flirtatious” nature after a couple of drinks.

I doubt any senator who signed off on the resolution had read in on the file. I have. In February, CNN asked me to interview SBF’s parents — hours spent in their living room. My first brush with the case was Michael Lewis’ 2023 book “Going Infinite,” which raised doubts about the case against him. Lewis (“Liar’s Poker,” “Moneyball”) is no intellectual slouch; his 2024 paperback added an Afterword just so he could amplify his view. As he put it, the truth is closer to “young person with an intellectually defensible but socially unacceptable moral code makes a huge mistake in trying to live by it” than “criminal on the loose in the financial system.” I myself question whether SBF had the requisite mens rea. And I wonder how many senators know FTX customers have been paid back in full — with interest.

Yet the Senate celebrates Judge Lewis Kaplan’s 25 years for a 32-year-old with no criminal history. Meanwhile, just this month: nine years, concurrent, for an Indiana man’s rape, child molesting and sexual battery of two young girls; 12 to 15½ years for a North Carolina woman who shot her boyfriend in the back; 21 years, parole possible in 2031, for a fatal West Virginia gas station shooting.

Unanimity, it turns out, is easy when the target is already in prison.

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TOP STORY

In a 25-minute primetime address from the White House East Room, President Trump claimed U.S. voting systems are vulnerable to being "rigged and stolen" and released declassified documents alleging Chinese interference, machine flaws and noncitizen voters, but experts said the material offered no proof of fraud.

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IN OTHER NEWS

The U.S. widened its military campaign against Iran by striking bridges, energy infrastructure, and a key port tower, as Tehran retaliated with missile attacks across the Middle East and the escalating conflict further disrupted shipping through the Strait of Hormuz.

Smoke from more than 100 Canadian wildfires and blazes in northern Minnesota pushed air quality to hazardous levels across the Midwest and Northeast, triggering alerts from Minnesota to Massachusetts and prompting New York City to hand out N95 masks to commuters.

Federal investigators have identified shredded iceberg lettuce supplied by Taylor Farms to Taco Bell as a potential source of a multistate cyclosporiasis outbreak that has sickened more than 4,300 people, though the investigation remains ongoing.

A MESSAGE FROM INCOGNI

Unknown Number Calling? It's Not Random

The BBC caught scam call center workers on hidden cameras as they laughed at the people they were tricking. One worker bragged about making $250k from victims. The disturbing truth? Scammers don’t pick phone numbers at random. They buy your data from brokers. Once your data is out there, it’s not just calls. It’s phishing, impersonation, and identity theft.

That’s why we recommend Incogni: They delete your info from the web, monitor and follow up automatically, and continue to erase data as new risks appear.

Growing public backlash against artificial intelligence is fueling a sharp rise in threats and security incidents targeting AI companies and executives, prompting firms to boost protection as concerns over job losses and the technology's societal impact intensify.

Sen. John Fetterman said he would leave the Democratic Party if it officially becomes the "anti-Israel party," though he insisted he has no immediate plans to bolt the caucus even as more than 100 House Democrats backed a measure this week to block State Department funding for Israel.

President Trump's longtime teleprompter operator Gabriel Perez is believed to have won more than $100,000 on Kalshi by betting on words in over a dozen Trump speeches, and has been placed on unpaid administrative leave while he negotiates a settlement with CFTC investigators.

CARTOONS

by Eric Allie

MORE NEWS

The Pentagon has not ordered the standard third-phase intelligence review of a US strike that hit an Iranian elementary school, killing 168 children and 14 adults, as CENTCOM locks down an independent probe that lawmakers have been demanding for months.

Arizona Sen. Ruben Gallego is facing renewed scrutiny after a report alleged he had consensual relationships with two House staffers during his time in Congress, adding to ongoing political and ethics-related controversies.

A man slipped past security at Rockefeller Center's Studio 1A on July 16 and allegedly approached 'Today' anchor Craig Melvin while yelling a racial slur, before being detained by police without injury; Melvin later told fans on social media he was 'doing just fine.'

For the Left

Secretary of State Marco Rubio announced new visa restrictions that would bar foreign nationals who finance or support organizations the Trump administration identifies as far-left terrorist groups from entering the United States, citing what he described as a longstanding gap in U.S. counterterrorism policy.

For the Right

House Democratic Leader Hakeem Jeffries urged the American Federation of Teachers to mobilize its members to help Democrats win a House majority, promising to protect Social Security and Medicare, lower costs, combat corruption, and rein in Trump administration policies if the party regains control of the chamber.

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