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A significant generational divide has emerged among conservatives at the Conservative Political Action Conference (CPAC) in Texas, as the group's leaders plead for unity ahead of a challenging midterm election year for Republicans. The divide centers on the US war with Iran, with younger conservatives expressing disappointment and even 'betrayal' over Donald Trump's launch of strikes against Iran.Younger conservatives argue that Trump's actions run counter to his campaign pledges to oppose foreign entanglements. In contrast, older conservatives are looking past Trump's campaign criticism of military action, arguing that the war in Iran is a pragmatic act forced by threats to the US.The conference, usually a place of optimism, was marked by anxiety over the Iran war, with attendees debating the direction of the Maga movement. The absence of Trump, who is apparently consumed with the war in Iran, was also notable.Meanwhile, Iran has accused the US of plotting a ground assault while publicly seeking talks, as the war enters its second month. The conflict has killed thousands of people and caused significant disruptions to global energy supplies.In related news, US lawmakers are reacting to reports that the Pentagon is preparing for ground operations in Iran, with some expressing concerns about the objectives and execution of such operations.

The impending retirement of millions of small business owners, primarily from the baby boomer generation, poses a significant challenge for the US economy. According to the Small Business Administration, there are approximately 33 million small businesses in the US, but fewer than 7 million employ people. The rest are often solo operations or side gigs with little to no value if the owner were to suddenly disappear. Many small business owners, like the author, operate in a service-based economy, which accounts for 77% of US GDP. These businesses are often built around the owner, with no hard assets to sell, making them unattractive to potential buyers. The author's own business is a prime example, with no valuable assets, a virtual office, and remote employees. A recent McKinsey report predicts a "great ownership transfer" over the next 10 years, with as many as 6 million small and midsize American businesses changing hands. However, without intentional action, many viable small businesses may close rather than transfer ownership. So, what are the options for these business owners? They could hand down the business to their kids, but this only works if the kids are interested and capable. Another option is to build an actual business with value by changing billing models, enforcing contracts, and creating a sustainable brand. However, this approach can be exhausting, especially for older business owners. A more practical approach for service business owners is to build cash and save for retirement. The author has been pulling profits out of their company and saving, planning for retirement through their savings rather than their business. This transition presents a great opportunity for younger entrepreneurs, who could partner with or purchase businesses from older owners, leveraging their existing operations, customers, and relationships to make improvements and grow the business.

IPO Overview Confidential Form F‑1 filed, targeting the second half of 2026. Proposed raise: $10 billion to $14 billion, equivalent to issuing roughly 2 % of existing shares. Current market cap: about $440 billion. Issuing 2 % of a $440 billion company would normally generate ~$8.8 billion; the higher $10‑14 billion range implies a modest premium, helping lift the share price toward U.S. peer multiples. Valuation Gap & Peer Comparison SK hynix trades at a discount to U.S. listed peers such as Micron despite comparable HBM capacity. Analyst notes that geography, not fundamentals, drives the gap. Cross‑listing could mirror TSMC's experience, where U.S.‑listed shares command a premium during AI‑driven demand spikes. Shareholder Structure Largest shareholder SK Square holds 20.07 % (Dec 2025), just above Korea’s 20 % holding‑company floor. The IPO design allows SK Square to retain its stake while still raising capital. Capital Deployment Plans Target net cash: $75 billion (≈100 trillion KRW) to fund AI‑era growth. Long‑term investment: $400 billion by 2050 for a semiconductor cluster in Yongin, South Korea. New facilities: $25 billion in South Korea and $3.3 billion in Indiana, USA. EUV lithography acquisition from ASML: $7.9 billion deal slated for completion by 2027 to boost HBM output. Industry Ripple Effects Investors urging Samsung Electronics to consider a similar U.S. ADR listing. Major shareholder Artisan Partners cites valuation uplift and broader U.S. retail access as benefits. Memory shortage dubbed “RAMmageddon” could persist through 2027, pressuring all AI‑focused chipmakers. Tech firms like Google are tackling the bottleneck with software solutions such as the TurboQuant memory‑compression algorithm. Strategic Implications The IPO not only provides immediate funding but also signals SK hynix’s intent to align its market valuation with global peers, potentially reshaping capital flows into the AI‑chip supply chain. If successful, the move may set a precedent for other Korean semiconductor firms seeking U.S. market exposure.

The Coruna and DarkSword Threat For years, the prevailing narrative among iPhone security experts was that breaking through Apple's defenses was a rare, high-barrier event requiring significant resources. However, recent investigations by Google, iVerify, and Lookout have shattered this assumption. Researchers have documented broad-scale hacking campaigns utilizing two specific tools, Coruna and DarkSword, which have been used to target victims globally who are not running the latest software updates. Attack Vectors: Hackers are compromising legitimate websites and creating fake pages to deliver spyware. Key Actors: Involvement of Russian spies and Chinese cybercriminals. Tool Availability: The source code for these tools has leaked online, allowing anyone to launch attacks against older iPhones. The Two-Tier iPhone Security Landscape The discovery of Coruna and DarkSword highlights a critical data point in the current security ecosystem: the existence of two distinct classes of iPhone users. This bifurcation is driven by the introduction of Memory Integrity Enforcement in iOS 26, a feature designed to prevent memory corruption bugs—the very vulnerabilities exploited by DarkSword. Class A (Secure): Users on the latest iPhone 17 models running iOS 26 are protected by memory-safe code and Lockdown Mode, making them resistant to these specific memory-based hacks. Class B (Vulnerable): Users running iOS 18 or older versions remain exposed to memory corruption attacks, as these older systems lack the new safety enforcement layers. Challenging the 'Rare Hack' Myth The widespread use of these leaked tools suggests that spyware attacks are becoming more common and less exclusive. This shift is fueled by a thriving "second-hand" market for exploits, where brokers resell vulnerabilities before they are patched. Experts argue that the rarity of iPhone hacks has been overstated simply because they are rarely documented. As noted by Patrick Wardle, the baseline capability for such attacks is now accessible to a wider range of actors, moving beyond state-sponsored actors to include cybercriminals. The End of the 'Rare Hack' Era The future of mobile security appears to be one of continuous escalation. With the code for Coruna and DarkSword now public, the barrier to entry for launching attacks against older devices has lowered significantly. This indicates that memory-based exploits will continue to plague lagging users, and the market for exploit development will likely expand as brokers seek to monetize vulnerabilities before updates are applied.

The film The Blue Trail (O Último Azul in Portuguese) has struck a chord with older women in Brazil, who see themselves in the protagonist Tereza, a tenacious woman who refuses to be defined by her age.The movie's themes of ageism and ageing resonate strongly in Brazil, where older women are increasingly prop up the community. The film offers a dark solution to the issue, depicting a dystopian future where senior citizens are banished to a remote housing colony.The film's director and screenwriter, Gabriel Mascaro, was inspired by his grandmother, who took up painting in her 80s after losing her husband. The film has been praised for its portrayal of older women as vibrant and full of life.Gilda Olinto, an 80-year-old woman who was given a prize at work recently, felt as if she was being told “nothing more is expected of you”. She relates to Tereza's story and sees her as a woman who “resists and is hungry for life”.The film's star, Denise Weinberg, puts her casting down to the fact that she is one of the few Brazilian actors her age who hasn’t had any cosmetic procedures. She joked with the director: ‘did you choose me because I have wrinkles?’Brazil is undergoing a rapid demographic shift, with the number of over-60s more than doubling between 2000 and 2023. This demographic is expected to account for a third of the population by 2050, prompting questions as to whether the country is prepared for this new reality.

The US Environmental Protection Agency (EPA) has announced a temporary waiver allowing the sale of a higher-ethanol fuel blend, known as E15, in an effort to alleviate soaring gas prices that have been exacerbated by the ongoing Iran war.E15, which contains a higher percentage of ethanol than standard gasoline, has been prohibited during warm weather months due to concerns over its potential to worsen smog. However, the EPA's decision, supported by the US agriculture secretary, Brooke Rollins, aims to provide relief to consumers at the pump.“President Trump is unleashing American Energy Dominance, and today’s action will directly lower prices at the pump and gives a clear demand signal to our domestic biofuels producers,” Rollins stated.The summer waiver for E15 has become a recurring measure in recent years, with both Republicans and Democrats advocating for its permanent implementation to reduce fuel costs. Currently, E15 is already permitted in several states, including Iowa, Illinois, Minnesota, Nebraska, Missouri, Wisconsin, and most of South Dakota.However, not all experts are convinced that the move will significantly lower gas prices. Kenneth Gillingham, a professor at the Yale School of the Environment, pointed out that E15 is not widely available in all states, and some areas lack the necessary infrastructure or sufficient ethanol supply to support increased use.Gillingham also highlighted potential risks associated with E15, particularly for older vehicles, boats, and all-terrain vehicles, due to its higher corrosive ethanol content. Additionally, increased corn usage for ethanol production could lead to higher costs for animal feed and, subsequently, grocery prices.“I think it’s difficult to see when the ledger’s settled how this is a benefit for US consumers,” said Jason Hill, a professor at the University of Minnesota.The decision has also drawn criticism over its potential environmental impacts, with concerns about increased ozone issues, respiratory problems, and even premature deaths.While the oil industry has generally opposed the expansion of E15, citing costly biofuel blending and potential price increases, the American Petroleum Institute has expressed support for the temporary waiver, emphasizing its role in ensuring affordable and reliable energy for American consumers.

The recent story of Julie Maughan, a grieving mother who lost her eight-year-old daughter Heather Preen due to exposure to polluted water, has left an indelible mark. The Channel 4 docudrama Dirty Business brings to light the struggles of campaigners and families fighting against privatised water companies and a system that often fails to protect them.In a poignant meeting, Julie Maughan's emotional testimony, marked by grief, dignity, and determination, underscored the human cost of water privatisation. Her story starkly contrasts with the detached world of statistics and policy debates, illustrating the moral failure of a system that prioritises profit over people's lives.Clive Lewis, Labour MP for Norwich South, argues that the water industry's model, which allows private companies to profit from a basic necessity while the public bears the risk, is fundamentally flawed. This has led to billions being paid to shareholders while investment falls short and pollution becomes routine.The article highlights the broader implications of water privatisation as a microcosm of a larger systemic problem. With millions of households facing another wave of pressure on their living standards due to an impending energy price surge, the question remains whether the current economic framework can adapt to address these challenges.Lewis emphasises that Labour must decide whether it stands with the electorate or the water companies, advocating for a fundamental reorientation of the economy that prioritises the public interest over profit. The story of Julie Maughan and her daughter Heather serves as a powerful reminder of the human cost of policy failures and the urgent need for change.

Apple has introduced a new requirement for UK iPhone users, mandating them to confirm they are 18 or older to use certain services. This move, believed to be a first for a European market, comes as part of a broader effort to protect children online. The age verification process can be completed by uploading a credit card or scanning an ID, such as a driving license or national ID. Ofcom, the online regulator, has welcomed the change, calling it “a real win for children and families” and part of a wider drive to “keep young people away from harmful content”. The update is part of a software update and aims to restrict access to certain services and features for users under 18. However, some users have expressed concerns about the privacy implications of uploading personal information for age verification. Apple has assured users that if they already have an account, they can confirm their age with a payment method on file or other eligible methods. The company was unable to immediately specify which services, features, or actions would be inaccessible without age confirmation. This development follows the introduction of age verification gates on many web services, including pornography websites, to comply with the Online Safety Act. Ofcom noted that Apple’s decision makes the UK one of the first countries to receive new child safety protections on devices. The watchdog plans to report on the use of app stores by children and evaluate the effectiveness of age assurance by app store providers.

A newly expanded policy from the Trump administration could require travelers from five World Cup-qualified African countries to post a bond of up to $15,000 in order to enter the United States for the tournament.Visa bonds function as security deposits: a one-time payment that is meant to be refunded after a traveler exits the US under the terms of their visa. The amounts typically range between $5,000 and $15,000, and are required for passport holders from certain countries to enter the US legally under B-1 or B-2 visas, which are necessary for business travelers or tourists.The US State Department has mandated these bonds since launching a pilot program in late 2025, targeting many of the same countries affected by the Trump travel ban along with others – predominantly nations from Africa, the Middle East, Latin America and parts of Asia. Last week, the state department announced an expansion of the program, with visitors from 50 countries now required to submit the deposits if requested by US consular officials.Among those 50 countries, five have qualified for the World Cup, all from Africa: Algeria, Cape Verde, Côte d'Ivoire, Senegal and Tunisia. Though refundable, the cost of the bonds alone is sufficient to make travel to the US prohibitively expensive for most fans from these nations, where average annual income levels are approximately $5,000 per year or less. Tunisia is scheduled to play one group-stage game in the US with the other two in Mexico. Senegal and Côte d'Ivoire will play twice in the US and once in Canada. Algeria and Cape Verde will compete in all three of their group-stage matches in Mexico.Even if affordable for some supporters, the multi-thousand dollar requirement adds another significant complication for fans from these countries, including exorbitant ticket prices for the games themselves, hotel rates far above average, plus additional visa processing delays and potential safety concerns created by the presence of federal immigration officers from ICE and other agencies in US cities.It remains unclear which entities, if any, will be exempt from the visa bonds. While Trump's travel bans contain exemptions for athletes and officials participating in major sporting events like the World Cup, the visa bonds program contains no such provision.The 2026 World Cup is scheduled to commence on June 11, with the final taking place on July 19 at MetLife Stadium in East Rutherford, New Jersey.