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LACMA Art Parade to Take Over Wilshire Boulevard

by Chief Editor June 16, 2026
written by Chief Editor

The Los Angeles County Museum of Art (LACMA) is closing a mile-long stretch of Wilshire Boulevard this Saturday for its inaugural Art Parade, a grand opening event featuring 1,400 performers, artists, and students. Organized by museum director Michael Govan and gallerist Jeffrey Deitch, the procession highlights the new David Geffen Galleries and serves as a public celebration of the museum’s role as a cultural “living room” for Los Angeles.

How the LACMA Art Parade is evolving urban public space

The parade transforms the city’s main thoroughfare into a pedestrian-first venue, fulfilling a long-standing promise from Govan to residents regarding the construction process. According to Govan, the museum’s evolution has centered on the idea of “living culture,” moving beyond traditional gallery walls to engage the public directly on the street. This shift mirrors broader national trends where major cultural institutions, such as the High Line in New York or the Broad in Los Angeles, prioritize accessible, outdoor engagement to attract non-traditional museum audiences.

Did you know?
The event is strictly human-powered. According to Naima Keith, LACMA’s senior vice president of education, this requirement ensures the parade remains family-friendly and distinct from the high-octane, motorized spectacles often seen in commercial parades.

What is the history behind this cultural spectacle?

The concept of the Art Parade draws directly from Jeffrey Deitch’s previous work in New York City. Between 2005 and 2008, Deitch produced similar events in SoHo that blended Carnival traditions with the spirit of Berlin’s Love Parade. While the New York iterations were known for their raucous, counter-culture energy, the Los Angeles version is designed to be more eclectic and inclusive of local community groups. Deitch moved to Los Angeles in 2010 and has since sought to adapt this model to the city’s unique, car-centric landscape.

What is the history behind this cultural spectacle?

Why the 2028 Olympics matters for future parades

Deitch views this inaugural event as a “dry run” for a larger, city-wide exhibition timed to the 2028 Summer Olympics. The goal is to highlight Los Angeles’s diverse creative community, which extends far beyond the conventional art world. By integrating local performance artists like Amy Kaps and collectives like FriendsWithYou, the museum is testing how to scale intimate, human-powered art projects into a major metropolitan event. This strategy aligns with city planning efforts to increase pedestrian-friendly zones around the new Wilshire/Fairfax Metro station.

Comparison: New York vs. Los Angeles Parade Models

Feature New York (2005-2008) Los Angeles (2025)
Tone Raucous, edgy Eclectic, family-friendly
Propulsion Flatbed trucks, motorized Strictly human-powered

Frequently Asked Questions

Is the LACMA Art Parade free to attend?

Yes, the parade is part of the museum’s grand opening weekend, which includes free admission to the new David Geffen Galleries and public access to the festivities on Wilshire Boulevard.

LIVE: LACMA Block Party 2026 | Free Art, DJs & The Art Parade on Miracle Mile Cam

Where does the parade route go?

The procession moves down Wilshire Boulevard, passing the “Urban Light” installation and the David Geffen Galleries, before looping around Fairfax Avenue.

Who can participate in the parade?

Participants are selected through a submission process. For this year’s event, a panel of five museum staffers and Jeffrey Deitch selected 145 projects from 400 total submissions.

Pro tip:
If you plan to attend, utilize the Metro Art Bus or the Wilshire/Fairfax Station. Traffic in the Museum Row area will be restricted due to the mile-long closure of Wilshire Boulevard.

Are you planning to attend the parade? Share your thoughts on how Los Angeles should utilize its public streets for art in the comments below, or sign up for our newsletter for more updates on upcoming cultural events.

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June 16, 2026 0 comments
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News

Auckland Police Warn Elderly of New Letterbox Bank Card Scam

by Rachel Morgan News Editor June 16, 2026
written by Rachel Morgan News Editor

Scammers are impersonating authorities and bank staff to trick victims into leaving bank cards and PINs in their letterboxes, a practice that has resulted in thousands of dollars being drained from personal accounts. According to police, this nationwide trend involves criminals gaining trust by claiming a victim’s account is compromised, leading to significant financial loss and distress for those targeted.

Did You Know? In a documented case in Whangārei, an elderly couple lost tens of thousands of dollars after being persuaded to leave their Eftpos cards and PINs in their own mailbox for collection.

How the scam operates

Criminals typically initiate contact by impersonating officials or bank employees to convince victims their finances are at risk. Once the victim’s trust is gained, they are instructed to place their bank card in their letterbox, where it is later collected by the scammer. According to Westpac NZ, some victims have even been offered cash as compensation for the perceived inconvenience, further misleading them into complying with the requests.

How the scam operates

Precedent and historical warnings

These incidents follow a series of warnings issued last September by financial institutions including Westpac NZ and ANZ. At that time, banks reported that scammers were frequently calling customers to demand bank cards and PINs. The methods have evolved from phone-based deception to include in-person collection, which police note has caused significant distress for victims across the country.

Expert Insight: This scam relies on the psychological manipulation of authority. By creating a false sense of urgency regarding a “compromised” account, criminals bypass the victim’s natural hesitation. The shift toward physical collection from letterboxes suggests a trend where scammers are increasingly comfortable with direct, local interaction to finalize their fraud.

Preventative steps and reporting

Police are urging the public to never provide PINs, passwords, or banking details over the phone, nor should anyone leave cards in a letterbox. If an individual is unsure about a caller’s identity, they should hang up and call their bank using the official number found on the back of their card. Any contact from someone claiming to be police can be verified by calling the non-emergency 105 line.

LabHost: Police search Auckland properties in connection to international scam operation | Newshub

Future implications

As these scams continue to target vulnerable populations, family members and caregivers are being asked to check in on elderly individuals to ensure they are aware of these tactics. It is likely that police will continue to monitor these reports, and victims may face ongoing financial recovery challenges. Anyone who has been targeted by this scam is advised to contact the police on 105 and notify their bank immediately.

Frequently Asked Questions

What should I do if someone asks me to leave my card in my letterbox?
Do not follow the instruction. Never leave your bank card or personal information in your letterbox or outside your home under any circumstances.

How can I verify if a caller is actually from the police?
If someone contacts you claiming to be the police, you can verify their identity by calling the police non-emergency number, 105.

What should I do if I believe I have been targeted by this scam?
You should report the incident to your bank immediately and contact the police by calling 105.

How do you ensure your elderly family members stay informed about the latest security threats in your community?

June 16, 2026 0 comments
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Business

Anthropic Disables Mythos Access Following New U.S. Order

by Chief Editor June 14, 2026
written by Chief Editor

Anthropic PBC has suspended all access to its most advanced artificial intelligence models, including Mythos and Fable 5, following a direct order from the Trump administration. The U.S. Commerce Department mandated that these frontier systems be restricted from all foreign nationals, regardless of their location, citing national security concerns regarding potential cybersecurity vulnerabilities. The company complied by shutting off access to all customers globally to ensure adherence to the directive.

Why did the U.S. government restrict AI model access?

The federal government issued the order after identifying that the Fable 5 model could be “jailbroken” to bypass safety guardrails, according to an official statement from Anthropic. The company noted that the administration specifically raised concerns about the model’s ability to conduct cybersecurity tasks. Sources familiar with the matter, speaking on condition of anonymity, confirmed that Amazon Chief Executive Andy Jassy communicated with senior U.S. officials regarding these vulnerabilities before the government imposed the controls.

Why did the U.S. government restrict AI model access?
Did you know?
The U.S. government previously declared Anthropic a “supply-chain risk” earlier this year following disagreements with the Pentagon over the potential use of its technology for military surveillance.

How does this order affect the AI industry?

This directive marks the first time the U.S. government has enforced such sweeping restrictions on the distribution of frontier AI software. While previous administrations limited the export of physical hardware like semiconductors and supercomputers, this move targets the underlying code and model weights. Aidan Gomez, co-founder of the AI startup Cohere, described the move as a “massive wake-up call” for the industry. The policy contrasts with the administration’s own recent executive order, which explicitly stated that it would not pursue a mandatory licensing regime for AI models.

What is the conflict between Anthropic and the administration?

Anthropic has publicly challenged the government’s approach. In a post on its website, the company argued that if a “narrow potential jailbreak” is considered sufficient grounds for recalling a commercial model, it would effectively halt all new deployments across the entire sector. David Sacks, a former Trump AI czar and current co-chair of the President’s Council of Advisers on Science and Technology, countered this on X, stating that the administration remains “bewildered” that Anthropic has not yet remediated the safety issues to restore access.

What is the conflict between Anthropic and the administration?

Comparison: Government Policy vs. Industry Practice

Policy Area Government Stance Anthropic Stance
Licensing Mandatory controls on foreign access Advocates for voluntary pauses
Safety Recall required for jailbreaks Recalls are disproportionate

Frequently Asked Questions

Are all Anthropic models currently offline?
Anthropic has suspended access to its most advanced systems, specifically Mythos and Fable 5, to comply with the government order.

Anthropic's Mythos model reportedly accessed by unauthorized users

Who is affected by the new restrictions?
The order applies to all foreign nationals, whether they are located inside or outside the United States.

Will these models be available again?
According to David Sacks, the administration’s stated goal is for Anthropic to remediate the safety issues so that the export controls can be lifted and the models returned to general release.

Stay Informed

The landscape of AI regulation is shifting rapidly. Subscribe to our newsletter for the latest updates on how federal policy impacts the next generation of technology.

June 14, 2026 0 comments
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Tech

Wolfgang Puck’s Secrets to Building a Lasting Restaurant Empire

by Chief Editor June 13, 2026
written by Chief Editor

Wolfgang Puck, the 76-year-old culinary icon behind the global Spago brand, maintains a rigorous, high-touch management style that emphasizes constant physical presence in his restaurants to ensure quality control. According to Puck, his daily routine involves a mix of early morning exercise, active administrative oversight, and nightly floor presence across his portfolio of over 100 fine-dining and casual eateries, a strategy he credits for his six-decade longevity in the hospitality industry.

How does a high-volume restaurateur maintain quality across global locations?

Puck’s operational philosophy relies on direct, in-person engagement rather than digital oversight. He reports a personal distaste for email, preferring direct communication with chefs and managers to discuss menu development and food quality. By visiting his restaurants nightly—often at locations like CUT or Spago—Puck asserts he can monitor the “smallest details” that contribute to customer experience. This hands-on model contrasts with modern, data-heavy management styles that often rely on centralized software to track kitchen performance. Puck argues that if a chef fails to taste a dish before it leaves the kitchen, it signals a lack of professional rigor that no software can fix.

View this post on Instagram about Pro Tip
From Instagram — related to Pro Tip
Pro Tip: Puck emphasizes the concept of Kaizen, or continuous improvement. He suggests that leaders who believe they have “arrived” stop growing, and he encourages his staff to treat every service as an opportunity to refine their craft.

What is the role of succession planning in legacy restaurant brands?

Transitioning leadership within a family-run enterprise requires balancing institutional knowledge with new energy. In June 2025, Puck named his son, Byron, president of his company, a move that Puck says required proving Byron’s dedication to long-tenured staff. According to Puck, the key to retaining top-tier talent is “sharing success,” which he accomplishes by granting longtime chefs and partners equity stakes in his restaurants. This structure shifts the environment from one of working for a single proprietor to a collective ownership model, which Puck views as essential for long-term stability.

How do industry leaders balance high-pressure careers with personal well-being?

Modern hospitality demands have shifted, with many leaders now prioritizing work-life balance to avoid burnout. Puck, who admits that early in his career he focused exclusively on work, now integrates personal passions like painting and annual month-long European family trips into his schedule. He notes that seeing peers lose family relationships due to work-only lifestyles influenced his shift in perspective. His daily routine includes 45 to 60 minutes of exercise and reading nonfiction biographies—ranging from Elon Musk to Mick Jagger—to better understand the decision-making processes of other high-achieving figures.

Wolfgang Puck and Byron Lazaroff Puck Interviewed by D.A. Wallach

Did you know?

Wolfgang Puck maintains a specific morning ritual of reading multiple print newspapers, including the Financial Times, The New York Times, and the Wall Street Journal, a practice he maintains alongside his double espresso to stay informed on global trends before his workday begins.

Did you know?

Frequently Asked Questions

  • How does Wolfgang Puck handle the financial side of his business?
    Puck delegates the majority of financial calls to his son, Byron, noting that he finds financial oversight less engaging than the creative or operational aspects of the restaurant business.
  • What is Puck’s approach to restaurant expansion?
    He remains optimistic about growth, actively seeking new projects in cities like Abu Dhabi and Malibu, driven by a desire for new ideas rather than a focus on the potential risks.
  • Does Puck still visit the markets for ingredients?
    Yes. Puck frequently visits local fish and farmers markets to personally inspect ingredients, a practice he mandates his head chefs follow as well to ensure the highest standards for his kitchens.

Are you a leader looking to scale your business while keeping quality high? Subscribe to our newsletter for more insights on operational excellence and professional development from industry veterans.

June 13, 2026 0 comments
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News

Is Reform UK Facing a Climate Policy Crisis?

by Rachel Morgan News Editor June 13, 2026
written by Rachel Morgan News Editor

Reform UK’s opposition to net-zero climate targets faces potential political friction as the party gains ground in regions highly vulnerable to extreme weather and reliant on green energy sectors, according to reports from policy researchers and environmental analysts. While the party calls for increased North Sea oil and gas drilling, data from Global Witness and the Environment Agency indicates that eight of England’s ten most flood-prone constituencies are projected to vote for Reform candidates, creating a tension between the party’s national platform and the immediate environmental risks facing its voter base.

Did You Know? Research by the Environment Agency indicates that 91 percent of the buildings in Boston and Skegness, the constituency of Reform UK deputy leader Richard Tice, are currently facing a flood risk.

Why climate policy creates tension for Reform UK

Analysts suggest that Reform UK’s platform—which includes scrapping net-zero targets and taxing renewable energy—may conflict with the economic and physical realities of its strongest electoral regions. Alasdair Johnstone of the Energy and Climate Intelligence Unit (ECIU) notes that several areas where Reform is gaining momentum, such as the east of England, have attracted multi-billion pound investments in offshore wind, nuclear energy, and green hydrogen. These regions also face significant agricultural challenges; Defra data shows farmers in these areas experienced their second-worst harvest on record last year following prolonged periods of extreme weather.

Local governance and environmental priorities

The divide between national policy pledges and local administration is visible in Suffolk, where the Reform-led County Council recently moved to scrap a previous climate emergency declaration. Labour council leader Martin Cook criticized the decision, noting that the Sizewell nuclear site is a top-ten generator of business rates in the UK and supports thousands of local jobs. In response, Reform councillor Morgan Brobyn stated that the council is reviewing inherited programs to ensure “evidence-based action” and has established dedicated cabinet roles for coastal and rural affairs to address local resilience.

Local governance and environmental priorities

Expert Insight: The challenge of populist climate politics

Expert Insight: Sam Alvis of the Institute for Public Policy Research suggests that extreme weather is becoming a significant political liability for any party in power. Historically, when severe climate impacts like flooding or heatwaves disrupt daily life—such as the 1953 Felixstowe floods or recent storm damage—public frustration tends to rise. Populist movements often capitalize on this anger by highlighting perceived failures in government preparation, yet this strategy risks alienating voters who rely on the jobs and infrastructure provided by the very green industries these parties often target.

Richard Tice: “Climate change conference is a waste of time unless we get China on-board”

What may happen next

As the UK faces the potential return of the El Niño weather pattern this September, analysts expect the climate crisis to feature more prominently in public life. If extreme weather events continue to disrupt supply chains, damage harvests, or cause travel chaos, Reform UK could face mounting pressure to reconcile its “anti-climate change” branding with the practical needs of constituents living in high-risk flood zones. Observers like Alasdair Johnstone suggest that the lack of a clear strategy for supporting farmers and industries through climate-related change may become a point of contention as the party’s legislative influence grows.

What may happen next

Frequently Asked Questions

What is Reform UK’s stance on climate change?
The party has campaigned on a platform of scrapping net-zero targets, describing wind energy as “economic insanity,” and advocating for increased oil and gas drilling in the North Sea. Leader Nigel Farage has previously characterized human-made climate change as “garbage,” though he later stated that human impact on the climate was potentially only “modest.”

Are Reform UK voters concerned about climate change?
Polling data from YouGov suggests that only 28 to 33 percent of Reform voters express concern regarding climate change. However, research from Persuasion UK indicates that 46 percent of “Reform curious” voters believe it is not yet too late to avoid the most severe impacts of the climate crisis.

How are flood-prone areas affected by these policies?
According to Global Witness, eight of the ten most flood-prone constituencies in England are projected to vote for Reform MPs. In areas like Boston and Skegness, council reports suggest that sea defenses are degrading and could become ineffective by 2040, putting thousands of residents at risk of tidal flooding.

How will the intersection of local economic reliance on green energy and national anti-net-zero rhetoric shape future electoral outcomes in these regions?

June 13, 2026 0 comments
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Entertainment

An Investor’s Rollercoaster: From Luxury to Loss and Back

by Chief Editor June 13, 2026
written by Chief Editor

Property investor Nichole Lewis advises that sustainable wealth relies on transitioning from negatively geared debt to positively geared assets. After losing her home during the 2008 Global Financial Crisis, Lewis rebuilt her portfolio to include eight properties and nearly $20 million in equity by prioritizing cash flow and disciplined debt management.

Why is negative gearing considered a high-risk strategy?

Negative gearing occurs when rental income fails to cover the total cost of owning a property, including mortgage payments, rates, insurance, maintenance, and management fees. Lewis explains that investors using this method are essentially “topping up” the mortgage from their own salaries.

This strategy creates significant vulnerability to external economic shocks. During the 2008 financial collapse, Lewis held 20 properties, most of which were negatively geared. When her $180,000 annual salary ceased, she could no longer subsidize the properties. This lack of cash flow, combined with $120,000 in personal credit card debt, led to the loss of her family home and multiple mortgage defaults.

According to Lewis, relying on a steady paycheck to maintain a property portfolio assumes that interest rates will remain stable and employment will remain secure. If either variable changes, the investor faces immediate insolvency.

How do investors distinguish between “good debt” and “bad debt”?

The distinction between debt types depends on whether the borrowed capital generates a surplus or consumes existing wealth. Lewis, the CEO of The Property Lifestyle and author of Property Quadrants, categorizes debt based on its impact on cash flow.

How do investors distinguish between "good debt" and "bad debt"?
  • Good Debt: This involves positively geared properties. In this model, the rental income exceeds all holding costs, providing a surplus that strengthens the investor’s position.
  • Bad Debt: This includes high-interest consumer debt or negatively geared properties that require the owner to pay out-of-pocket to maintain the asset.
Pro Tip: The “Sleep-on-it” Policy
To avoid lifestyle creep and impulsive spending, Lewis utilizes a “sleep-on-it” rule for luxury purchases. Even for high-end items like Louis Vuitton accessories, she waits at least one night before committing to the expense to ensure the purchase is a conscious choice rather than an emotional one.

What lessons can be learned from the 2008 Global Financial Crisis?

The 2008 crisis highlighted the danger of living beyond one’s means through excessive credit use. Lewis recalls a period of extreme hardship where she lived on basic staples like baked beans and scones while managing the psychological pressure of impending debt collection.

What lessons can be learned from the 2008 Global Financial Crisis?

Financial setbacks can extend beyond property loss. Lewis notes that her credit defaults directly impacted her career, resulting in a rescinded job offer from BNZ after a credit check revealed her financial status. This experience underscores that personal debt management is inextricably linked to professional stability and future earning potential.

Did you know?
Positive gearing means your rental income covers the mortgage, rates, insurance, maintenance, and management fees, with money left over. Negative gearing means you must use your own income to pay the difference.

What are the emerging trends in property and wealth building?

Current economic indicators suggest a shift toward defensive investing. As interest rate volatility remains a concern, investors are moving away from high-leverage growth models toward assets that prioritize immediate liquidity and positive cash flow.

Lewis, who now works only 10 hours per week, advocates for a “reductionist” approach to debt as investors age. Rather than continuously accumulating new assets, the trend is shifting toward reducing existing liabilities to minimize exposure to the next market cycle. This focuses on building equity rather than just increasing the number of properties owned.

Modern wealth management is also seeing a rise in “no money deals” and contemporaneous investing. These strategies allow investors to build portfolios without the heavy requirement of significant upfront capital, reducing the reliance on high-interest bank loans.

Frequently Asked Questions

What is the main difference between positive and negative gearing?

Positive gearing produces a profit after all property expenses are paid, while negative gearing results in a loss that must be covered by the owner’s income.

Frequently Asked Questions

How can debt affect my ability to get a job?

Many corporate employers perform credit checks during the hiring process. Multiple defaults or significant debt can lead to job offers being rescinded.

How do I start rebuilding wealth after a financial loss?

Focus on cash flow, reduce bad debt, and look for opportunities that do not require massive upfront capital, such as contemporaneous property deals.


What is your strategy for managing debt in a volatile market? Share your thoughts in the comments below or subscribe to our newsletter for more expert financial insights.

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June 13, 2026 0 comments
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Business

The End of Unlimited AI: Why Efficiency Matters Now

by Chief Editor June 10, 2026
written by Chief Editor

Corporate spending on artificial intelligence is shifting from unchecked experimentation to strict fiscal management as companies move away from flat-rate subscriptions toward usage-based billing. Firms like Coinbase, Salesforce, and Walmart are implementing price caps and internal audits to curb “tokenmaxxing”—the practice of maximizing AI usage regardless of cost—after realizing that unlimited access to powerful models like Anthropic’s Claude and OpenAI’s GPT series can lead to exponential, unsustainable budget growth, according to corporate executives and industry analysts.

Why Are Companies Capping AI Spending?

The primary driver for new AI budget constraints is the transition by major model providers, including OpenAI, Anthropic, and GitHub, to usage-based billing models. According to GitHub’s chief product officer Mario Rodriguez, the previous flat-rate structures were “no longer sustainable” as the gap between simple chat queries and massive autonomous coding sessions widened.

View this post on Instagram about Mario Rodriguez, Niranjan Krishnan
From Instagram — related to Mario Rodriguez, Niranjan Krishnan

This shift has led to significant sticker shock. A senior software engineer at Deloitte noted that GitHub’s new billing, which took effect in June, has caused developers to burn through monthly quotas rapidly. One highly detailed prompt that previously carried no marginal cost can now exceed $100 under current usage-based pricing, according to the same engineer. Consequently, companies are now prioritizing “hard-nosed utility” over the novelty of AI, as noted by Niranjan Krishnan, head of AI solutions at FPT Americas.

Pro Tip: To optimize AI costs, break large, sprawling tasks into smaller, modular prompts. This “prompt decomposition” prevents high-end models from running long, expensive cycles on tasks that could be handled by smaller, cheaper models.

How Are Businesses Managing Their AI Budgets?

Major firms are deploying diverse strategies to control costs while maintaining productivity. Coinbase has introduced a tiered system of weekly price caps, ranging from $500 to $5,000, depending on an employee’s specific role and seniority. Rob Witoff, a Coinbase executive, stated that while the company wants to encourage innovation, it must ensure that usage is intentional rather than wasteful.

Other organizations are taking different approaches:

  • Salesforce: CTO Parker Harris reported that while the company has allowed high spending, it is now implementing an “Effective Output” score to measure the tangible return on investment for engineering tasks.
  • Walmart: The retail giant has instituted hard usage limits on its internal programming tools.
  • IT Consultancies: Companies including IBM, Oracle, and JPMorgan Chase have joined the “Tokenomics Foundation” to standardize how AI usage is measured and budgeted across the industry.

Will Cheaper Models Replace Industry Leaders?

The rising cost of premium models is creating a market opportunity for lower-cost alternatives. As executives look to balance their books, many are offloading basic, repetitive tasks to smaller or open-source models. Ahmad Awais, founder of Command Code, reported that his startup gained 10,000 customers in a single 30-day period, driven largely by demand for more cost-effective AI solutions.

Building AI-Powered Products at Scale with Mario Rodriguez, CPO of GitHub

This trend mimics the “Ferrari to the grocery store” analogy used by Harness senior vice president Trevor Stuart; companies are realizing that using state-of-the-art models for simple text summarization is a misuse of capital. While OpenAI and Anthropic are attempting to mitigate these costs through “prompt caching” and more token-efficient model releases, the competitive landscape is widening as firms seek to avoid diverting significant portions of their annual upside into AI infrastructure costs.

Did you know? Some companies are now using a multi-model strategy, routing simple requests to cheaper, smaller models (like those from Deepseek or MiniMax) while reserving premium, high-cost models only for complex, logic-heavy coding tasks.

Frequently Asked Questions

What is “tokenmaxxing”?

Tokenmaxxing refers to the practice of using high-end AI models for every possible task without regard for the cost of the tokens (the units of data the AI processes). It became a focal point for budget cuts in 2026 as companies realized the behavior was fiscally irresponsible.

Frequently Asked Questions

Why did AI prices increase in 2026?

Prices rose because AI providers transitioned from flat-rate, subsidized billing to usage-based models. According to GitHub, the previous flat-fee structure was not sustainable as the computational load of autonomous agents grew significantly larger than standard chat queries.

Are companies cutting AI budgets entirely?

No. Most companies are moving toward a “value-based” spend. According to Salesforce CTO Parker Harris, the goal is to forecast spending based on the expected return, rather than simply limiting the use of tools that provide measurable profit or productivity gains.


How is your team handling the shift in AI pricing? Share your experiences in the comments below or subscribe to our newsletter for more industry insights on the future of enterprise software.

June 10, 2026 0 comments
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Immigrants Contribute More to Irish Economy Than Native-Born, ESRI Finds

by Chief Editor June 10, 2026
written by Chief Editor

Immigrants in Ireland have made a stronger fiscal contribution to the state than Irish-born residents over the past two decades, according to a report from the Economic and Social Research Institute (ESRI). The analysis, commissioned by the Department of Justice, Home Affairs and Migration, found that migrants consistently maintain a positive fiscal impact, even during economic downturns, by financing their own share of public goods and contributing to broader state revenue.

Why do migrants have a positive fiscal impact in Ireland?

The ESRI report attributes the positive fiscal standing of migrants to their demographic profile. Migrants in Ireland are generally younger and more likely to be employed than the native-born population. Notably, non-EU migrants in Ireland demonstrate high rates of third-level education and strong labor market participation. This contrasts with trends in many other EU nations, where non-EU migrants often report a lower fiscal impact than the native population, according to the ESRI findings.

Why do migrants have a positive fiscal impact in Ireland?
Did you know?

While the fiscal impact of migration in many countries fluctuates between -1% and +2% of GDP, the ESRI reports that the fiscal impact of migration in Ireland is consistently positive.

How do welfare receipt rates compare between groups?

There is no single, uniform pattern of welfare usage between immigrants and the Irish-born population, according to the ESRI. A separate study published by the institute indicates that the reality of welfare receipt is complex and varies significantly based on the region of origin. In 2024, 61% of immigrants received at least one form of welfare payment, compared to 56% of the Irish-born population.

Average person overestimates level of immigration to Ireland, ESRI report reveals

The data shows a clear divergence when immigrants are categorized by their home region:

  • Western Europe: 13% welfare receipt rate.
  • Asia: 12% welfare receipt rate.
  • Eastern Europe: 21% welfare receipt rate.
  • Africa: 21% welfare receipt rate.

What are the long-term economic implications?

The ESRI review focused exclusively on public finances rather than broader economic output. The report notes that during the economic crash, both Irish-born and migrant groups faced negative fiscal impacts, but the impact on native-born residents was more severe. By consistently financing their own share of public goods, migrants provide a buffer for the state’s fiscal stability. This suggests that the current integration of migrants into the labor force remains a critical component of Ireland’s long-term budgetary health.

What are the long-term economic implications?
Pro Tip:

When analyzing fiscal data, distinguish between “fiscal impact” (tax contributions vs. service usage) and “economic impact” (GDP growth and productivity). The ESRI report clarifies that these are distinct metrics.

Frequently Asked Questions

Are migrants more reliant on welfare than Irish-born citizens?
The ESRI found no general pattern to support this. While 61% of immigrants received at least one payment in 2024 compared to 56% of natives, the rates vary widely depending on the immigrant’s region of origin.
How does Ireland’s migrant fiscal impact compare to the rest of the EU?
Unlike many other EU countries, where non-EU migrants often have a lower fiscal impact than natives, Ireland’s experience is consistently positive, according to the ESRI.
What is the primary driver of the positive fiscal impact?
The ESRI identifies the younger age profile of migrants and high rates of employment as the main factors driving their positive contribution to public finances.

What are your thoughts on the role of migration in Ireland’s economic future? Share your views in the comments below or subscribe to our newsletter for more deep dives into national policy and economic reports.

June 10, 2026 0 comments
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World

Philippines Earthquake: 37 Dead, 32,000 Displaced

by Chief Editor June 9, 2026
written by Chief Editor

At least 37 people are dead and more than 32,000 have been displaced following a 7.8-magnitude earthquake that struck off the coast of Mindanao, Philippines, on Monday. According to the Office of Civil Defense, rescue operations remain ongoing as authorities inspect damaged infrastructure for survivors, while the Philippine Institute of Volcanology and Seismology confirms this is the region’s strongest seismic event since 1976.

Why Is the Philippines So Prone to Earthquakes?

The Philippines sits directly on the Pacific “Ring of Fire,” a 40,000-kilometer arc of seismic faults and volcanic activity. Because the archipelago is situated where several tectonic plates meet, it experiences frequent geological shifts. According to the Philippine Institute of Volcanology and Seismology (PHIVOLCS), Monday’s quake originated from the Cotabato Trench, the same undersea feature that triggered a catastrophic 8.1-magnitude event in 1976. That historic quake remains a benchmark for disaster preparedness, as it generated massive tsunami waves and resulted in approximately 8,000 deaths, according to PHIVOLCS director Teresito Bacolcol.

Did you know? The Philippines is considered one of the most disaster-prone nations globally, facing an average of 20 typhoons and tropical storms annually in addition to constant seismic risks.

How Are Authorities Assessing Infrastructure Damage?

Government officials have launched an immediate assessment of schools, government facilities, and bridges to prevent further casualties from aftershocks. Rafaelito Alejandro of the Office of Civil Defense stated that schools cannot reopen until the integrity of these buildings is verified, noting that many injuries occurred among students during morning flag-raising ceremonies. Initial assessments indicate that roughly 2,500 homes and 117 government buildings sustained damage. The General Santos international airport remains closed to all but humanitarian flights, halting 63 domestic departures as of Tuesday.

View this post on Instagram about Office of Civil Defense, President Ferdinand Marcos
From Instagram — related to Office of Civil Defense, President Ferdinand Marcos

What Are the Risks of Secondary Hazards?

The primary concern for survivors is the structural instability of buildings and the potential for secondary disasters. While the quake triggered tsunami waves measuring up to 1.4 meters, damage was largely limited to coastal shanties. However, the risk of landslides remains high in mountainous regions like Glan, where the majority of the 18 fatalities in Sarangani province occurred after earth buried residential areas. President Ferdinand Marcos Jr. has deployed national defense officials to coordinate the distribution of food packs and construction materials to displaced populations currently housed in emergency shelters.

Office of Civil Defense holds briefing after magnitude 7.5 quake off the coast of Davao Oriental
Pro Tip: In earthquake-prone zones, always identify the “drop, cover, and hold” spots in your home or office. Aftershocks can often cause weakened structures to collapse hours or days after the initial event.

How Does This Compare to Past Seismic Events?

Geologists are comparing this event to both the 1976 Mindanao quake and the 1990 earthquake in the northern provinces. While the magnitude of the current event—7.8—matches the 1990 quake that killed over 1,000 people, the death toll from the 1976 disaster remains significantly higher due to the massive tsunami waves that followed. Current data shows the following:

  • 1976 Quake: 8.1 magnitude; caused by the Cotabato Trench; 8,000 fatalities.
  • 1990 Quake: 7.8 magnitude; resulted in over 1,000 deaths and widespread regional destruction.
  • 2024 Quake: 7.8 magnitude; centered at a depth of 33 kilometers; 37 confirmed fatalities to date.

Frequently Asked Questions

Why was the tsunami threat considered significant?

The Philippines is surrounded by deep-sea trenches capable of displacing large volumes of water. Because the 1976 event resulted in waves up to 10 meters high, authorities remain hyper-vigilant regarding any undersea movement in the Cotabato Trench.

Frequently Asked Questions

Is international aid being provided?

Yes. The United States has stated it is coordinating with the Philippine government to provide support. France, Japan, and New Zealand have also formally offered assistance, according to official reports.

Are schools safe to return to?

Not yet. The Office of Civil Defense has mandated that 6,000 public school buildings undergo safety inspections before classes resume to ensure they can withstand potential aftershocks.


Stay informed on regional recovery efforts and safety protocols by subscribing to our emergency preparedness newsletter. Have you experienced a seismic event? Share your thoughts on community resilience in the comments below.

June 9, 2026 0 comments
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Entertainment

Richard Gere’s Shocking on-Screen Chemistry with Sydney Sweeney Sparks Debate on Vulgar Content in Euphoria

by Chief Editor June 9, 2026
written by Chief Editor


Homer Gere’s Euphoria Debut: A New Chapter in Hollywood’s Celebrity Legacy

Homer Gere, the son of iconic actor Richard Gere, has sparked significant media attention with his role in the third season of HBO’s Euphoria. The 26-year-old actor, known for his authentic on-screen presence, has drawn both praise and scrutiny for his performance as Dylan, a character involved in a controversial intimate scene with Sydney Sweeney. Richard Gere, 76, has publicly expressed pride in his son’s work, highlighting Homer’s ability to navigate the challenges of the entertainment industry.

The Controversial Scene and Public Reaction

Homer’s role in Euphoria quickly became a focal point due to a scene where he appears topless, showcasing a more natural physique compared to typical Hollywood standards. This decision led to mixed reactions, with some viewers praising his authenticity while others criticized the explicit content. The scene, which involved a romantic encounter with Sweeney’s character, Cassie, was part of an arc aimed at exploring themes of fame and identity. Richard Gere acknowledged the controversy but emphasized his son’s professionalism, stating, “He knows what he’s doing. He handles it very well.”

The Controversial Scene and Public Reaction

Richard Gere’s Reflections on His Son’s Career

Speaking to People, Richard Gere shared his thoughts on Homer’s emerging career, noting that the 26-year-old has “a good head on his shoulders.” The 76-year-old actor, known for his roles in films like Pretty Woman and Chicago, expressed confidence in Homer’s ability to succeed in the industry. “It’s not an easy task. Not everyone can function in this world. So I think he can stay here,” Gere remarked. This endorsement comes as Homer prepares for upcoming projects, including a role in Ryan Murphy’s The Shards and a film directed by Oliver Stone.

The Impact of Celebrity Legacy on New Talent

Homer Gere’s entry into acting follows a trend of celebrity offspring leveraging their family names while carving out unique paths. His father’s legacy, marked by iconic performances and a career spanning decades, provides a strong foundation. However, Homer’s approach—prioritizing authenticity over conventional Hollywood aesthetics—signals a shift in how new talent is perceived. This aligns with broader industry movements toward diverse representation and realistic storytelling, as seen in shows like Euphoria that challenge traditional norms.

What’s Next for Homer Gere?

With his Euphoria role generating buzz, Homer’s future in Hollywood appears promising. His collaboration with acclaimed producers like Ryan Murphy and directors such as Oliver Stone positions him to explore varied genres. Richard Gere’s recent comments about “passing the torch” suggest a generational transition, with the elder actor hinting at potential retirement. For Homer, this marks an opportunity to establish himself as a distinct voice in the industry, free from the shadow of his father’s fame.

Frequently Asked Questions

Who is Homer Gere?

Homer James Jigme Gere is the son of actor Richard Gere and former model Carey Lowell. He made his acting debut in the third season of Euphoria, playing Dylan, a character involved in a high-profile storyline with Sydney Sweeney.

Who is Homer Gere?

What role did Homer Gere play in Euphoria?

In Euphoria’s third season, Homer portrayed Dylan, a Hollywood actor used by Sydney Sweeney’s character, Cassie, to regain her online following. His performance included a controversial topless scene that sparked public discussion.

How did Richard Gere react to his son’s role?

Richard Gere expressed pride in Homer’s work, praising his ability to handle the challenges of the role. He stated, “He knows what he’s doing. He handles it very well,” and hinted at passing the torch to the next generation.

Richard Gere's Son Makes Euphoria Debut in a sex Scene With Sydney Sweeney

Did You Know?

Homer Gere’s decision to appear topless in Euphoria contrasts with typical Hollywood practices, where actors often undergo rigorous preparation for such scenes. His choice to embrace a more natural physique highlights a growing trend toward authenticity in television and film.

Pro Tips for Aspiring Actors

June 9, 2026 0 comments
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