ECP NetHappenings Saving for a house is impossible

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Modern-Day Robber Baron: The Sins of Blackstone CEO Stephen Schwarzman

Billionaire Steve Schwarzman, the CEO of Blackstone Group, has spent millions to kill rent control in California.
In the meantime, Blackstone charges outrageous rents and aggressively evicts people.
Read our important special report.
https://www.housingisahumanright.org/modern-day-robber-baron-the-sins-of-blackstone-ceo-stephen-schwarzman/

WELFARE QUEEN

Billionaire private equity oligarchs
isn’t  a sympathetic landlord.

Saving for a house is impossible when rent takes everything.
Trump gave tax cuts to developers and real estate investors instead of fixing this crisis. Congress had a national plan: build affordable housing, cap rent increases, ban Wall Street from buying up homes. Trump said no.

America’s billionaires are now worth $9 TRILLION.
$4 TRILLION of that is owned by 15 billionaires and a trillionaire.
Our economy allows 16 people to control mind-numbing amounts of money while the rest of us struggle to afford gas, groceries, rent, and healthcare.
Disaster.

Prof Zenkus c @anthonyzenkus

The Blackstone Group is the largest private owner of rent-stabilized apartments in New York City, not small mom and pop landlords.

Valued at $137 billion (not including the $1.3 trillion in assets they control), Blackstone is headed by Stephen A. Schwarzman, whose total yearly compensation exceeds $1 billion.

The idea of the “mom and pop” landlord being priced out of business because of a rent freeze is a myth. Small independent landlords (owning 10 or fewer units) make up only 1.2% of the ownership of rent-stabilized units.

Meanwhile large corporations own 87% of those units, with mega corporations like Blackstone Group (owning 1000 or more units) controlling 56% of the market.

Mega corporations like Blackstone are pushing the myth of the small independent landlord to hide the fact that they and other mega corporations control the vast majority of NYC rentals. //

LOAN
✅ IMAGE: Stephen A. Schwarzman
DATE: 06/23/2026
ADDRESS: 851 6th Avenue
MARKET: NoMad, Manhattan
ASSET TYPE: Hotel ~ BSF: 333,436

LENDER: J.P. Morgan Chase
LANDLORD: Stephen A. Schwarzman – Blackstone Group

LOAN AMOUNT: $122,000,000
LOAN TYPE: Refinance

NOTE: Blackstone Group, through 835 6 Fb Owner LLC, secured a $122 million refinancing loan from JPMorgan Chase for the Kimpton Hotel Eventi at 851 Avenue of the Americas in NoMad, Manhattan.
#NewYork #RealEstate #TradedNY #NY #NewYorkRealEstate #NYCRealEstate #NoMad #Manhattan #Hotel #JPMorganChase #StephenASchwarzman #BlackstoneGroup

LOAN
✅ IMAGE: Tate Keir, Tyler Dumon, Jordan Roeschlaub, Nick Scribani, Patrick Melton, Stephen Schwarzman, Adam Etra, Mark Schoenholtz & Tom Berry
DATE: 5/21/2026
ADDRESS: 1 Wild Turkey Way
MARKET: Hamburg, NJ
ASSET TYPE: Hotel ~ KEYS: 453

LENDER: Stephen Schwarzman
LANDLORD: Patrick Melton
LANDLORD’S REP: Jordan Roeschlaub , Nick Scribani , Tyler Dumon , Tate Keir, Adam Etra, Mark Schoenholtz & Tom Berry – Newmark

LOAN AMOUNT: $154,000,000
LOAN TYPE: Acquisition

23andMe’s DNA database

While Americans are debating who controls genetic data after the transfer of 23andMe’s DNA database through bankruptcy, watchdog groups are now seeking records about how ICE collects, stores, retains, and disposes of DNA samples.
These may be separate issues, but they point to the same question: who owns your genetic information, who can access it, and what safeguards exist once it enters a database?
Those questions deserve far more public scrutiny than they’re receiving.

For anyone interested in how Epstein was connected…
The DNA Bank of the Epstein Class: Jeffrey Epstein, zandMe, and the Future of Human Data BY Amber Woods

ESSAY NoelCaslerComedy @caslernoel

“MAGA, and the entirety of the GOP, now know that Musk’s vast wealth will be a force to contend with in political life for decades to come. What he is doing now on our planet, and in our atmosphere however, may reverberate for centuries.

On the same Friday Elon bragged about the successful launch of the SpaceX IPO, he also boasted about putting another twenty-six satellites in orbit from a SpaceX rocket in Florida.

If you look up at the night sky these days, you are likely to mistake one of his SpaceX satellites for a star; Musk has now launched into Low Earth Orbit (LEO) more satellites than entire nations, including China.

The Starlink network now encompasses over 8,000 LEO satellites, which is the vast majority of active satellites and poses not only a hindrance to the science of astronomy, it is obviously a major national security risk having one man responsible for much of the communication networks on this planet.

We have already seen him shut off wifi communications on the battlefield in Ukraine at the behest of Vladimir Putin – imagine what he would be capable of in the future were his needs not met.

Elon Musk may have the ability to blackmail, or worse, influence American military operations abroad. For the moment he is working in concert with the Trump administration and Pete Hegseth’s Pentagon, and that is obviously not a good thing, but a far worse thing may be what happens in subsequent administrations.

If a Democrat was elected president would Musk not declare him an enemy of his ambition? Or would he use his unprecedented riches, and wield his technology, to serve the party out of power? One perhaps aligned with his xenophobic and racist dogma, and villainous designs on accumulating even more wealth and influence.

Everything about his track record is self, not society, centered – and this should alarm us all.”
https://noelcasler.substack.com/p/a-wolf-at-the-door

ECP NetHappenings Major Jason Watson

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Active duty Air Force Major Jason Watson.
Arrested for protesting Trump.

Major Jason Watson’s Defenders of our Republic group started a fundraiser for his family He’s the sole earner and expects Trump to order Hegseth to court martial him. #RemoveTheRegime

Protesting on federal property while on active duty & in uniform. This brave man just sacrificed his military career & probably $ and jail time to protest the traitor currently occupying the Oval Office.

He was holding up a sign.
IMPEACH CONVICT REMOVE

He put his life on the line for our nation serving in the Air Force and Trump’s goons treat him this way. AMERICA WAKE THE FUCK UP! THIS IS YOUR SOLDIER STANDING FOR YOUR TROOPS AGAINST A PROFITEER PRESIDENT!

Air Force Major, peacefully exercising the first Amendment rights he served to PROTECT. One of MANY deeply shameful moments that will define the revolting history of the disgusting Trump Administrations

Yo Media! Fuck You! FAILED AGAIN #crickets!!
@ABC @CBSNews @CNN @MSNOWNews @NBCNews @AP @Reuters @nytimes @washingtonpost @WSJ @Forbes @BostonGlobe @PhillyInquirer @TIME @Newsweek @TheAtlantic @HuffPost @politic @axios

Perfectly sums up the Trump presidency.
No freedom of speech or expression.

Commander in Chief
Trump: I see my two beautiful sons sitting there. I think I’m going to give one medal of honor to myself, one to them, and we’ll have a threesome.

Donald Trump faced 88 criminal charges across four separate state and federal indictments. In May 2024, a Manhattan jury found him guilty of 34 felony counts of falsifying business records. The remaining charges and trials have faced dismissals, appeals, or indefinite postponements.  Wikipedia

“This is how Trump hijacked 🇺🇸’s birthday.”
@RepHuffman explains Trump turned a nonpartisan 250th celebration into a way to steal hundreds of millions of taxpayer dollars + take bribes from corporations & foreign governments.Endless corruption. Even the fair is a grift.

This is a full blown criminal enterprise and conspiracy against the taxpayers.

Department of Justice is the
Department of Jerk Offs

Todd Blanche was Ghislaine Maxwell’s defense lawyer. He now runs the DOJ. A federal judge ordered him to unredact the Epstein files or explain ✅ why by TODAY July 2
including a draft indictment that hides the co-conspirators.
The files show it: 60 counts, 2007. A deal buried it.

 

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ECP NetHappenings 1976 – 2026 Independence Day

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POLITICS

THIS REFERENCE TO TIME AND SPACE

Such a different America in the space of my lifetime.

1973 THE ENTIRE INTERNET HELD TOGETHER BY JOHN POSTEL AT
U OF P  — IN A DESK DRAWER.
 

1976 – 2026

For Bicentennial 1976, tall ships and celebration in front of the World Trade Center:

1976

1976 memory: The tall ships entering Newport. One was denied permission to dock: Chilean ship Esmerelda, a vessel Pinochet used for torture in his ugly takeover from Allende. Banned, but in today’s America would it be docked, even celebrated, by our current regime?

Ben Stiller @BenStiller
It was so cool. Tall ships on the Hudson. Peter Max oil paintings of the Statue of Liberty. Fireworks and excitement and just a huge big deal in New York.

1976 Valley Forge, PA on the the 4th.
President Ford was there & there was a covered wagon train, wagons from all 50 states. Very impressive.

DECLARATION OF INDEPENDENCE

2026 Can everyone just step back and realize how insane it is that the US Supreme Court had to rule on the constitutionality of the US CONSTITUTION and the vote to uphold the Constitution wasn’t unanimous!!!


On June 2, 1964, President Lyndon B. Johnson signed the Civil Rights Act, which was the most sweeping civil rights legislation since Reconstruction.

Today, we commemorate the signing of the Civil Rights Act of 1964 !!!!!!!!
— a landmark law that helped dismantle segregation and expand equal opportunity in America.

We honor the courage of those who fought for justice and remain committed to building a more equal nation.

It’s 2026 –
why are we still allowing hate speech??

3 generations of scum

Trump A CONVICTED RAPIST
raped a 13-year-old — which once again begs the question: Why hasn’t this pedophile been removed from office?!!


President Trump is referenced in FBI interview summaries tied to a woman who accused him of sexual assault decades ago, yet three of those summaries are absent from the Justice Department’s public release of its Epstein files.

Missing Epstein Interview Files Include Allegations Against the President of the United States

Inmate P01135809

Convicted Rapist Donald Trump, High Frequency Trader.
Trump made more than 22,000 trades in 2025. Number of trades 30,000.

Imagine if Obama was directly connected to Epstein, made $2 billion off crypto scams, grifted a $400 million plane form Arab Royals, and started and lost a war with Iran.

EXPAND THE COURT

We don’t have a Supreme Court, we have the heritage foundation in 6 black robes.

Sen. Bernie Sanders @SenSanders
If a nurse gives a Senator $50 to vote for Medicare for All, it’s illegal.
But Larry Ellison, worth $202 billion, spent $45 million to get Trump elected. So Trump is helping his family control:
CBS
CNN
TikTok
HBO
TNT
MTV
BET
And more
That’s a corrupt campaign finance system.

Colorado Governor Fires Officials Who Opposed Freeing Election Denier
Gov. Jared Polis commuted the sentence of Tina Peters, who tampered with voting machines in an attempt to show that the 2020 election had been rigged against President Trump.
This is a real Trumpian move. Gov. Jared Polis fired two members of his clemency board after they spoke out against his decision to commute the prison sentence of election denier Tina Peters. NYT

Sheldon Whitehouse @SenWhitehouse
The shadow docket is one problem. The other is a Supreme Court making up facts that aren’t factual, in secret, and outside proper judicial fact-finding process. They get the last say, so they just make it up. (E.g.: how is dark money transparent?)
@propublica New: We found that the Supreme Court is deciding more consequential rulings than ever before in largely unsigned orders with little to no explanation of how they voted or the reasons why.

Liz Oyer: As Deputy Attorney General, Todd Blanche fired me for doing my job, then subjected me and my family to months of retaliation. My story is one of many reasons the Senate should not confirm Blanche again. Read and share my letter to the Senate Judiciary Committee.


Crooked Clarence is bought and paid for!
CLARENCE THOMAS ARGUED THE 14TH AMENDMENT WAS WRITTEN NARROWLY FOR FORMERLY ENSLAVED PEOPLE AND DOESN’T APPLY BROADLY TODAY
– USING THAT SAME LOGIC, THE 2ND AMENDMENT WAS WRITTEN FOR MUSKETS AND DOESN’T APPLY TO AR-15S,
BUT SOMEHOW HE’S NEVER MADE THAT ARGUMENT.

Rep. Mike Levin @RepMikeLevin
This is insane. You already know Trump lied about taxpayers footing the bill for his ballroom.
What you probably don’t know is that the contract to build it was yet another no-bid deal, just like the one for the reflecting pool.
The White House ran it through an office specifically exempt from the rules that are supposed to protect your money from being overspent. So not only did he lie about using your money, he skipped the one process that would have made sure you got the best price for it.
There is no version of this where that makes sense. None.

FYI

Babies born in the U.S. from July 2 through Dec. 31 will be eligible for a commemorative Freedom 250 Social Security card.

BITCOIN

TRUMP IS NOT BITCOIN.

Donald Trump didn’t make his first billion in crypto until age 80
Relax, you still have time 🙂

REMEMBER BITCOIN ISN’T LIKE THE OTHERS,  ALL THE OTHERS ARE CRYPTO SHITCOINS.

Strategy’s Stretch $STRC just surged back above $90 and is now up over 21% from its low. 🔥
It now has an effective yield of 13.35%.
MICHAEL SAYLOR JUST ABSOLUTELY DESTROYED THE $STRC FUD
“IF #BITCOIN GOES UP ZERO PERCENT FOR THE NEXT 40 YEARS, WE CAN STILL PAY THE DIVIDENDS”
IF BTC GOES UP JUST 3% A YEAR “WE CAN PAY THE DIVIDENDS FOREVER”

Metaplanet acquires 2,823 BTC in Q2 2026, bringing its total reserve to 43,000 BTC.
The company is now just 514 BTC behind XXI in the competition to be the world’s second-largest corporate Bitcoin holder.
XXI has not announced any additional Bitcoin purchases since its launch.

UGH OH !! There’s a Volcano in Antarctica Spewing Gold Crystals Into The Atmosphere. They can always go get more gold – not like bitcoin.

TECH

Hackers breached DHS information-sharing network, people familiar say

Pacemaker manufacturer Medtronic warns patients cybercrooks may have swiped health data

Claude Helped a Hacker Find a Way to Issue Tickets to Almost Every US Music Festival A researcher found that using Anthropic’s Claude Opus 4.7, he could break into the website of Front Gate—used by every festival from Lollapalooza to Bonnaroo—and freely issue any ticket he chose.

Apple ‘Hide My Email’ Vulnerability Reveals Peoples’ Real Email Addresses
”Hide My Email users deserve to know that it may be possible for attackers to discover their hidden email addresses,” the person who reported the issue said.

Transform your Raspberry Pi into a portable Wi-Fi hacking platform with Kali Linux ARM.

The Party for Socialism and Liberation (PSL), whose leadership is drawn directly from executives of Singham’s nonprofits, ran 21 campaigns across 14 states that delayed, scaled back, or blocked $23.6 billion in AI infrastructure investment.

GitHub shipped bulk credential revocation for Enterprise.
One action cuts off compromised credentials across the entire org during an active incident.
Recent attacks have shown what happens when revocation is slow or incomplete. The Trivy compromise came back for a second round because the first cleanup left at least one credential alive. Incomplete rotation is what keeps attacks going after the initial breach.

Alex Karp a Jewish executive and the CEO of Palantir Technologies

WAS born in New York City and raised in Philadelphia, with his paternal family originally from Germany, Jewish father and African American mother.
Alex Karp is deeply disturbed. This company needs to be removed from every computer paid for by taxpayers. It is fascist metastatic cancer trying to replace the government.
If Democrats need an issue to run on, curing America of Palantir is a very good one.

Watch KARP be insane!
Do you think Trump is a fascist – NO cause he knows all about nazi’s!!!.
Palantir CEO Alex Karp says ‘something has gone completely wrong’ with how AI is sold
Palantir Billionaire Alex Karp Calls AI Industry ‘Effing Insane’ In Heated Interview

ESSAY Ricardo @Ric_RTP

Palantir’s CEO just exposed Sam Altman and Dario Amodei for robbing every Fortune 500 company.

Within two minutes, Alex Karp took the entire frontier AI industry apart on national television.

His exact words:

“Every single enterprise in this country, these people are LIVID. They are paying for tokens that create no value. These people are stealing the weights and alpha of my business.”

He literally said the entire frontier AI business model is intellectual property extraction dressed up as a subscription.

Then he also destroyed the pricing model with a single question that Silicon Valley still refuses to answer:

“If it was so valuable, let’s say I can make you $1 billion tomorrow. Wouldn’t I say I’ll make you $1 billion and I want 30 percent? Why are they charging for tokens if it’s so valuable?”

That question breaks the industry.

If OpenAI and Anthropic’s models truly delivered the productivity gains the labs claim, they would take equity or a share of the profit they generate. They would not sell access by the million tokens.

Token pricing is itself the CONFESSION that the product cannot produce reliable value at scale. If it did, they would price for the value. But they price for the compute because that is what they are actually selling.

Karp went even further…

He called the entire arrangement “a wealth tax that does not help the poor. It just punishes.”

American businesses are transferring the alpha of their operations, meaning the workflows, the customer data, the strategy memos, the internal models that make them competitive, directly into the training pipelines of a handful of Silicon Valley labs. Once those labs retrain, the customer’s own edge becomes the next enterprise product sold back to their competitors.

And the part the AI industry does not want anyone thinking about:

Every enterprise running its confidential documents, its customer conversations, and its financial models through a frontier model is potentially teaching that model HOW to replace them.

The vendor collects the token fee AND the compounding intelligence about that customer’s business. That is the mechanism. And that is why Karp used the word “stealing.”

He claims this is why every executive he meets is furious in private and silent in public. Nobody wants to be the CEO who called out the labs and then discovered their next competitor was built on their own leaked workflows.

The entire AI industry has been priced for perfection on one assumption:

That frontier labs produce durable, defensible value that justifies infinite compute spend.

But Karp just told us that the customers do not believe that assumption anymore. They believe they are being taxed without benefit, watched without consent, and copied without recourse.

The moment enterprises stop believing, the whole valuation stack shakes.

ESSAY Hedgie @HedgieMarkets

Meta announced it will sell excess AI compute capacity to outside customers. The company spent $145 billion on AI infrastructure this year, put chips in fabric tents to speed up deployment, drafted 6,500 engineers into AI training they call soul-crushing, and cut thousands of jobs to fund the buildout. CoreWeave stock dropped on the news.

My Take
Six months ago these companies said there wasn’t enough compute in the world. Now Meta is selling its leftovers. A company doesn’t sell surplus of something it needs.

CoreWeave went public on the promise that demand for AI compute would outstrip supply for years. SpaceX started selling compute too. Now Meta joins them. Every new seller of excess capacity makes it harder for the next company to justify a premium price, and every one of them undercuts the scarcity story that the IPOs were priced on. Three companies are now competing to sell compute they built on the assumption someone else would buy it. The demand that was supposed to absorb all of this hasn’t shown up, and nobody wants to be the last one holding unsold capacity when the market figures that out.

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ECP NetHappenings Data Centers: Follow The Water

 
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THEY TOLD YOU THE DATA CENTERS WERE FOR AI… BUT FOLLOW THE WATER

Something about this feels VERY wrong.

We’re being told the biggest corporations on Earth are spending hundreds of billions of dollars building massive AI infrastructure because artificial intelligence needs more computing power.

That’s the official explanation.

But while everyone is focused on AI, almost nobody is paying attention to what these facilities are consuming.

Water.
Enormous amounts of it.

At the same time we’re being warned about droughts, shrinking reservoirs, water restrictions, and future shortages.

The explanation is simple:

The servers get hot.
The facilities need cooling.
The cooling requires water.

Case closed.

Except some people think AI is the perfect cover story.

While the public debates chatbots and robots, powerful institutions appear to be racing toward the one resource every human being needs to survive.

Not oil.
Not gold.
Not land.

Water.

You can live without social media.
You can live without artificial intelligence.
You can live without most of the technology being sold to you today.

You cannot live without water.

And if water really is becoming the most valuable resource on Earth, then whoever controls it could control everything that depends on it.

The official story is that this is an AI revolution.
The conspiracy theory is that AI is simply the headline while a much larger resource grab unfolds in plain sight.

What do they know about the future of water that the public doesn’t?

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