Spineless Senate Republicans refuse to block Trump’s slush fund
In the wee hours of Friday morning, Senate Republicans passed a $70 billion immigration enforcement funding bill on a strictly party line vote, handing President Donald Trump’s masked goons billions to continue his violent, inhumane, politically and economically damaging deportation agenda. What wasn’t included in the funding, however, was any language to limit the nearly $1.8…
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Trump’s Gift to Drug Cartels, Money Launderers, and Terrorists
A version of the below article first appeared in David Corn’s newsletter, Our Land. The newsletter comes out twice a week (most of the time) and provides behind-the-scenes stories and articles about politics, media, and culture. Subscribing costs just $5 a month—but you can sign up for a free 30-day trial.
There has justifiably been much attention paid to Donald Trump’s personal corruption: cutting sleazy crypto deals, trading stocks in companies affected by his administration’s decisions, doling out pardons to fraudsters who make hefty donations to his political organizations, and so much more. But what’s even more significant is how Trump is perverting the federal government to allow wealthy individuals and corporations engaged in crooked conduct to escape scrutiny, prosecution, and punishment. Corporate scumbags and felonious plutocrats have never had it so good.
The Trump administration has taken steps to make sure that the United States is a safe space for money launderers, drug cartels, and international financial rogues.
At the Securities and Exchange Commission, enforcement actions have fallen precipitously, and the commission ended several high-profile cryptocurrency inquires that involved Binance, Coinbase, and other firms. The workforce for the SEC’s enforcement division was cut by a fifth last year, with many experienced attorneys and accountants given the boot. The IRS, too, has been hammered by layoffs, and the number of audits of people with $10 million or more in income dropped by two-thirds from 6,786 in 2025 to 2,264 in 2026. With new priorities established at the Justice Department—such as essentially shutting down the pursuit of cases under the Foreign Corrupt Practices Act—the number of white-collar prosecutions has fallen to its lowest level in at least 40 years, according to the Financial Times.
But beyond this, the Trump administration has taken steps to make sure that the United States is a safe space for money launderers, drug cartels, and international financial rogues. Who says so? The US Government Accountability Office. It recently released a report assessing Trump’s decision to loosen reporting requirements for shell companies. These are corporations that can have legitimate uses but are also set up so people or entitites can evade taxes, launder money, hide assets, and obscure the true beneficiaries of financial transactions. For instance, a sanctioned Russian oligarch might be able to use a shell company—or a string of them—to buy real estate in the United States and keep secret his ownership of the property.
The Corporate Transparency Act, a bipartisan bill passed in 2021, required most US firms to disclose to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) their “beneficial owners”—that is, the real people who control or own them. (In many instances, shell companies do not have to reveal their true owners and are registered in the name of others.) The aim of the legislation was to create a registry of owners and impede illegal financial activities, such as money laundering. An estimated 32 million businesses would have to register and note their real owners. (Several categories of business were exempted because disclosure requirements already applied to them—such as banks, credit unions, and securities dealers.)
But one month into Trump’s second term, his administration essentially eviscerated this reporting requirement, when FinCEN issued rules exempting domestic companies and Americans from this disclosure. As the GAO put it, this new exemption applied “to over 99 percent of entities that were previously targeted.”
The GAO report—in exceedingly dry language—notes this exemption is a boon for assorted malfeasants:
U.S.-based shell companies, often structured as LLCs or corporations, can pose significant risks of illicit finance activity. Treasury’s 2026 National Money Laundering Risk Assessment identified several cases in which shell companies were used to facilitate financial crimes, including laundering the proceeds of drug trafficking, cybercrime, and fraud, among others, indicating the continued risk posed by shell companies. The 2025 domestic reporting company exemption may perpetuate these risks.
Sen. Elizabeth Warren of Massachusetts, the senior Democrat on the Senate Banking, Housing, and Urban Affairs Committee, quickly jumped on the GAO report and cited it as evidence Trump is on the side of the bad guys:
The Trump Administration continues to put cartels and criminals ahead of law enforcement, opening the door for them to move millions of dollars through our financial system. Today’s GAO report confirms that Treasury gutted a bipartisan law designed to crack down on the abuse of shell companies, exempted 99 percent of the entities previously required to report, and has failed to address the “significant risks” this rollback created. Law enforcement groups have warned that it will be harder to go after drug traffickers, sanctions evaders, and major criminal enterprises.
Warren noted that one of the main forces behind passage of the Corporate Transparency Act was a former senator named Marco Rubio. In 2020, he tweeted, “My ‘Corporate Transparency Act’ [is] the most significant anti-corruption and money-laundering legislation in decades [and] forces anonymous shell companies to disclose their true owners.”
“There is growing evidence that [Chinese money laundering networks] are taking advantage of shell companies to help cartels move billions through the U.S. financial system.”
Republican and Democratic senators have opposed the Trump administration’s wipeout of the Corporate Transparency Act, as have law enforcement organizations, business groups, and national security–minded think tanks of the right and left. The hawkish and neocon-ish Foundation for Defense of Democracies issued a statement last year that said, “Anonymous U.S. shell companies are not a theoretical vulnerability—they are a proven vehicle for illicit finance, sanctions evasion, corruption, terrorism, and transnational crime…FinCEN’s decision to exempt domestic entities would allow these practices to continue unchecked.”
Last year, Warren, Sen. Chris Van Hollen (D-Md.), and other Democratic senators wrote the Treasury to complain about the weakening of this requirement, noting, “There is growing evidence that [Chinese money laundering networks] are taking advantage of shell companies to help cartels move billions through the U.S. financial system.”
The Trump administration claims this disclosure obligation was too onerous for businesses, but it entailed minimal effort for the corporations compelled to register. So why kill this requirement? Warren and other legislators suspect Elon Musk had something to do with this. In a separate letter sent to Treasury Secretary Scott Bessent in April 2025, she and 18 other congressional Democrats asserted the Trump administration’s decision to neuter the Corporate Transparency Act was “seemingly triggered by a single Elon Musk social media comment.”
They pointed out that Musk, who at that time was a key adviser to Trump and engaged in a reckless dismantling of various government agencies, might have been “benefiting from foreign investments made through legal entities designed to hide the identities of the foreign investors.” They cited the Financial Times: “Wealthy Chinese investors are quietly funneling tens of millions of dollars into private companies controlled by Elon Musk” through “opaque structures” and “an arrangement that shields their identities from public view.”
During the 2020 presidential race, Trump’s campaign, according to the Campaign Legal Center, deployed an LLC to launder “$170 million in spending to conceal payments to people close to the Trump family and campaign.”
Responding to the recent GAO report, Warren asserted that this disclosure requirement would be beneficial for efforts to combat transnational crime, drug trafficking (including fentanyl smuggling), sex trafficking, the evasion of sanctions imposed on Iran, the theft of US technology by China and others, and fraud that targets US government programs. (The criminals that stole federal funds in Minnesota relied on shell companies.)
This may well be a personal issue for Trump. His Trump Organization is a collection of hundreds of shell companies. (Such entities are commonly used for real estate transactions.) And during the 2020 presidential race, Trump’s campaign, according to the Campaign Legal Center, deployed an LLC to launder “$170 million in spending to conceal payments to people close to the Trump family and campaign.”
Corporate reporting rules may seem like a wonkish topic. It certainly is not as visceral as Trump selling pardons or pocketing billions in crypto grift. But it may be more important, for Trump’s decision to protect the secrecy of shell companies—perhaps at the urging of Musk—has more far-ranging consequences than his own sticky-fingers corruption. It’s another way Trump is making America great for plutocrats, oligarchs, fraudsters, and scoundrels.
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Watch THE ODYSSEY Trailer in All of Its Theater Formats
- u003cliu003eThe Odyssey’s website allows you to watch the film’s trailer in several formats, including IMAX 70mm and Dolby Vision.u003c/liu003e
The Odyssey is coming to theaters in various formats, like IMAX 70mm and Dolby Vision. So it is only right that you’d be able to explore the trailer for Christopher Nolan’s upcoming summer film in those same formats, right? The Odyssey’s website allows you to do just that, with all of the film’s different formats available to experience this trailer in the accompanying aspect ratio.
Universal Pictures For those who are not filmmakers like Nolan or nerds about the process, each one has a written description about what it entails. And there are videos of several cast members who also break down the format for each version of The Odyssey trailer.
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The post Watch THE ODYSSEY Trailer in All of Its Theater Formats appeared first on Nerdist.
Kristen Bell Joins SONIC THE HEDGEHOG 4 Cast as Amy Rose
- Kristen Bell is taking a break from the kingdom of Arendelle and joining the cast of Sonic the Hedgehog 4 as Amy Rose.
The fourth Sonic the Hedgehog movie is gearing up to enter production, and they’ve just added a very notable name to the voice cast. Princess Anna from Frozen herself, Kristen Bell, has joined the cast of Sonic the Hedgehog 4 as the voice of Amy Rose. Fans of the classic Sega game will remember Amy Rose as the pink hedgehog who is Sonic’s girlfriend. Well, she thinks of herself as his girlfriend, anyway. Sonic star Ben Schwartz posted a photo of himself and Kristen Bell holding toys of their respective characters on social media, formally announcing her arrival in the upcoming Sonic sequel.
WE HAVE OUR AMY ROSE!!! And I could not be more excited!!! Please welcome the incredible Kristen Bell to the @SonicMovie family!!! 💙 pic.twitter.com/jcFLLoplqC
— Ben Schwartz (@rejectedjokes) February 18, 2026The mid-credits scene of the previous Sonic movie introduced Amy Rose as she saved Sonic from the bad guys in Sonic the Hedgehog 3‘s last moments. However, that little tease didn’t feature a voice actor. It was just to let the fans know she was coming. The mid-credits teases of the Sonic the Hedgehog movies have each set up a new character from the games that will play a big role in the next movie. Idris Elba, who voices Knuckles, joined the franchise in Sonic the Hedgehog 2. And Keanu Reeves joined the cast of Sonic the Hedgehog 3 as Shadow. With each sequel, the voice cast gets more and more stacked with iconic names. And now, Kristen Bell will be joining Sonic the Hedgehog 4.
Bell shared an Instagram photo of her in the booth, and she’s so incredibly joyful.
Sega created Amy Rose for the Sonic games when the company’s licensing division wanted a female counterpart to the Sonic character. A “Minnie to his Mickey,” essentially. Although it seems she’s more the Ms. Pac-Man to his Pac-Man if you ask us. Sega decided that having Sonic have a traditional girlfriend would go against his personality.
NBC Universal/Paramount PicturesThe company then made Amy Rose a hedgehog with a one-sided crush and oodles of bubbly energy. Yup, this Sonic the Hedgehog 4 role sounds ideal for Kristen Bell. Sonic the Hedgehog 4 is once again directed by Jeff Fowler, who directed the previous three installments. Paramount will release Sonic 4 in theaters on December 22, 2027.
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The post Kristen Bell Joins SONIC THE HEDGEHOG 4 Cast as Amy Rose appeared first on Nerdist.
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John Bolton gets screwed by Trump team
Looks like the Trump administration has finally nabbed a high-profile criminal conviction. Sure, it’s a plea deal. And sure, it’s a Republican. And sure, it’s one of President Donald Trump’s own first-term Cabinet members. But hey, gotta take those vindictive prosecution wins where you can. Former national security adviser John Bolton is reportedly going to plead guilty to one count of…
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Jordan Peele Turned Down Role in SCARY MOVIE
The new Scary Movie is now in theaters and, while some critics are not digging its crude humor, fans will surely love to see characters like Shorty, Ray, Brenda, and Cindy return. The franchise is now back in the hands of Shawn and Marlon Wayans, with the latter recently starring in the Jordan Peele-produced horror film HIM. Scary Movie takes aim at Peele’s infamous Get Out film; however, when Marlon Wayans asked the director to be in this satire film, he declined taking a role.
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Kenan Thompson Is Michael Jackson in New SCARY MOVIE TrailerWayans told The Hollywood Reporter that he doesn’t ask for permission from directors like Peele and Ryan Coogler to parody their films. He just does it and hopes that they like what they see. It remains to be seen if Peele will appreciate the references to Get Out in Scary Movie, but he was apparently cool with the parody but didn’t want to be a part of it. Of course, Wayans wasn’t offended, jokingly saying the decline was “not cool.”
Paramount PicturesIt is not clear why Peele didn’t want to be in Scary Movie. Honestly, it’s more than likely because he is plenty busy as a director, writer, and running Monkeypaw Productions. He does have an untitled horror thriller in the works, after all. Maybe he doesn’t want to act at all at this point in time, even if it were just a cameo as himself. Who knows. Either way, Scary Movie is in theaters and poking a lot of fun at some pretty famous films, to varying degrees of success.
The post Jordan Peele Turned Down Role in SCARY MOVIE appeared first on Nerdist.
Friday morning traffic: Highway 9, Highway 1, Highway 17 lane closures for roadwork
This post is updated throughout the day to reflect the latest incidents. It was last updated at 7:01 a.m.
Here’s what’s happening on Santa Cruz County roads this morning…
▼︎ new incidents
Road incidents as of 7 a.m. on June 5- Highway 9 at Cascade Avenue in Brookdale has one-way traffic due to ongoing work. This closure is expected to last until Aug. 31.
- There will be alternating lane closures on Highway 9 at Pool Drive in Boulder Creek because of bridge work. This is scheduled to continue until April 30, 2027.
- South Highway 1 at Park Avenue in Capitola is facing closures for roadway excavation. The closure is expected to end on Aug. 19.
- A lane on westbound Highway 152 at Clifford Drive/Ohlone Parkway in Watsonville is closed for asphalt paving. The closure is expected to last until July 3.
- A lane on Highway 17 at Beulah Park Drive/La Madrona Drive north of Santa Cruz is closed for utility work (potholing). The closure is expected to end on June 8.
- The California Highway Patrol helped Caltrans with maintenance work at 195 Capitola Rd. Extension in Live Oak today as part of the Safety Service Program.
Disclosure: Traffic incidents are partially generated by artificial intelligence. We are constantly working to improve the accuracy and quality of our AI-generated content. However, there may still be errors or inaccuracies. If you have any questions or concerns, please contact us.
The post Friday morning traffic: Highway 9, Highway 1, Highway 17 lane closures for roadwork appeared first on Lookout Santa Cruz.
Best political nonfiction books of 2026 (so far)
As we come to the midpoint of 2026, it’s a good time to round up a few of the year’s best books thus far. These are not what you would call feel-good hits of the summer, topic-wise, but they are all highly readable efforts at making sense of the world around us. Lichtblau’s book about the 2018 murder of Blaze Bernstein by a former high school classmate who targeted Bernstein because he…