Warsh’s plan to tame the Fed
The new chair of the Federal Reserve, Kevin Warsh, is looking to institute a number of reforms at the central bank. On Wednesday, following his first meeting with the board as chairman, Warsh announced that task forces have been created to work on five areas “central to the broad conduct of monetary policy.” The five areas are the Fed’s communications, its balance sheets, its reliance and use of existing data sources, jobs and productivity, and its inflation frameworks. Warsh noted that these task forces will be made up of subject matter specialists and will “have a straightforward charge — start with first principles, ask hard questions, examine current practice, consider alternatives, and ultimately propose next steps for policymaker consideration.” He added the purpose is to have “a Federal Reserve that is clear-eyed about its mission, fit for purpose, and focused on the future.”

Obama’s library hosting invite-only celebrity opening ceremony
Barack Obama has long since mastered the art of mismatching his rhetoric and his actions. He has chosen to build his presidential library on Chicago’s South Side to provide economic opportunities for a poor area. Or at least that’s the official story. In reality, the library is an eyesore and located in a middle-class area that has been an island of calm in the chaotic South Side for decades. On Friday, the library, which has been unfavorably compared to Soviet brutalist architecture, will host an invite-only opening ceremony for the cream of the celebrity crop. Bruce Springsteen, Stevie Wonder, and Bono will perform, along with many others, and Steven Spielberg is reportedly on the guest list. Despite rhetorically fighting for the common man, Obama, like all socialist leaders, loves living the high life.

DOJ moves to block reparations
The Justice Department has filed a suit against Evanston, Illinois, in an effort to stop the implementation of the first-of-its-kind reparations program that aims to shell out some $5 million in tax dollars to roughly 600 black residents whose ancestors were identified as having been discriminated against. Proponents of the reparations program hope to establish a precedent that will spread across the nation as they assert that historic racial discrimination is responsible for a current “wealth gap,” which they claim has hurt black people. Judicial Watch, which the DOJ joined in suing to stop the program, identified it as “a woke, racist program” that runs counter to the Constitution. Judicial Watch President Tom Fitton hopes the DOJ suit will serve as a knockout blow to the reparations movement, contending, “I have little doubt this scheme will not be able to continue legally.”

Suing WPATH
In one of the most encouraging developments in the ongoing effort to protect children from the transgender lunacy that has swept Western nations in recent years, the Federal Trade Commission is teaming up with four states to sue the World Professional Association for Transgender Health. WPATH, as it is known, has pushed the medicalization and grooming of gender-confused children for years. “Taking down WPATH would be the gender critical Battle of Stalingrad,” says anti-trans activist J.K. Rowling, and that’s what this lawsuit — brought by the FTC and Alaska, Iowa, Nebraska, and Texas — aims to do. The complaint states that WPATH misled parents and children about medical consensus and the necessity of “gender-affirming care” that frequently leads to lifelong medical issues and can cause sterility and other side effects. Hopefully, this lawsuit will successfully bring an end to the castration and sterilization of healthy children.

NewsGuard trains AI models to trust China
The self-declared trustworthy news media group NewsGuard, which rates the credibility of news outlets, has announced it will offer a new tool for AI companies to help train their chatbots to avoid “misinformation.” The company stated, “Without tools like NewsGuard for AI, which can be used during supervised learning to train transformer models, AI language models risk becoming … the ‘next great misinformation superspreader.’” What NewsGuard, which has a demonstrably leftist bias in its rating system, conveniently left out of its announcement was that its truth-seeking AI trainer assigns more than double the credibility score to the Chinese state-run media outlet China Daily than to the American conservative media outlet Newsmax. In general, NewsGuard rates conservative media outlets lower across the board than left-leaning outlets, even as it claims its analysis is unbiased. It appears that NewsGuard is seeking to train this leftist bias into AI chatbots.

USAID Chinese influence counterprograms had no metric for success
Defining the issue is the first step in addressing any problem, but defining the solution is the next. The Government Accountability Office says the now mostly defunct United States Agency for International Development failed to follow up on its anti-China spending to assess its effectiveness. Some 470 projects intended to blunt Chinese influence worldwide from 2020 to 2023 received a cumulative $1.2 billion in funding, but USAID officials failed to collect data or report on the status of those programs. USAID was mostly shut down in 2025 under the Trump administration due to accusations of becoming little more than a slush fund for left-wing propaganda. Those accusations look more and more likely.

Seattle’s “JumpStart” tax cost city 30k jobs
A recently released report from the Downtown Seattle Association (DSA) concluded that the city’s “JumpStart” payroll tax, first implemented in 2020, has cost the city thousands of jobs. The report noted, ironically, that instead of a “jump start,” downtown Seattle has experienced a “slowdown.” “Since being implemented, downtown Seattle has lost around 30,000 jobs,” DSA found. “The office vacancy rate increased to 32% in the downtown core. And more than $10 billion in office value has been lost.” The report noted that over that same time span, the nearby city of Bellevue “has seen more jobs come to its core, lower office vacancy, and the stability of office building values.” Bellevue saw office building values increase 7%, while Seattle’s office property values have decreased by 48%. DSA observed, “Bellevue’s more favorable tax climate has made it increasingly attractive to employers and investment relative to Seattle.”

Christian mobile carrier blocks porn at network level
A new wireless, Christian-based carrier called Radiant Mobile has just launched nationwide. It has garnered attention from cybersecurity experts who say it is the first company that blocks pornography at the network level, and even adult account holders cannot disable this feature. Founder Paul Fisher said, “We are going to create — and we think we have every right to do so — an environment that is Jesus-centric, that is void of pornography, void of LGBT, void of trans.” Radiant Mobile plans to partner with churches as a tool to help people with the addiction. Its system runs on T-Mobile’s 5G network, leasing bandwidth from the major carrier, and rather than the usual parental controls or downloadable filtering apps, it uses network-level filtering. The company is working with the cybersecurity firm Allot to categorize website domains, block some permanently, and leave others for account holders to adjust.

Headlines

• All victims ID’d in deadly B-52 bomber crash at Edwards Air Force Base (NY Post)

• Fed holds interest rates steady (CNBC)

• Georgia Republicans decline governor’s request to redistrict (Washington Times)

• Interior Department kills four more offshore wind projects in $765 million deal (Washington Examiner)

The Executive News Summary is compiled daily by Jordan Candler, Thomas Gallatin, Sterling Henry, and Sophie Starkova. For the archive, click here.