To me, it seems damned important. We the people have all become owners/stockholders of Intel. What I get for avoiding the Friday evening news dump; it is in today’s newsletter.
WASHINGTON (AP) — President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple weeks after he was depicting the company’s CEO as a conflicted leader unfit for the job.
“The United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,” Trump wrote in a post.
The U.S. government is getting the stake through the conversion of $11.1 billion in previously issued funds and pledges. All told, the government is getting 433.3 million shares of non-voting stock priced at $20.47 apiece — a discount from Friday’s closing price at $24.80. That spread means the U.S. government already has a gain of $1.9 billion, on paper.
The remarkable turn of events makes the U.S. government one of Intel’s largest shareholders at a time that the Santa Clara, California, company is in the process of jettisoning more than 20,000 workers as part of its latest attempt to bounce back from years of missteps taken under a variety of CEOs.
Intel’s current CEO, Lip-Bu Tan, has only been on the job for slightly more than five months, an d earlier this month, it looked like he might be on shaky ground already after some lawmakers raised national security concerns about his past investments in Chinese companies while he was a venture capitalist. Trump latched on to those concerns in an August 7 post demanding that Tan resign.
This is an interview with two doctors who served in Gaza. They tell of Israeli soldiers taking the baby formula the doctors tried to take in. They talk of the starving babies they can’t feed because Israel refuses any baby formula into Gaza. They talk of the systemic targeting of women and children by drone copters. The male doctor describes a game the IDF plays with using teenaged boys 11 to 16 for target practice. One day they would target heads, the next day they targeted chest, then abdomens, then arms, then legs. The most horrifying was the days the hospital was brought teenagers again 11 to 16 who had been shot in the testicles. Yes Israeli soldiers felt it was a great idea to shoot boys in the balls and dicks to make sure they couldn’t create any more Palestinians. I have no use for the government of Israel nor any use for the people of the country who support this. The public knows what is happening, the military knows what they are doing. This is a genocide of the Palestinians so that Jewish people can have the land. Jewish people of all people should understand this is wrong. Never again did not mean just never again to the Jews, it means never again for any genocide. Yes the US government is complicit in this act and should be held to account, but while we did not do enough at least democrats were willing to try to stop it, tRump and the republicans endorse it. There are chapter markings on the progress bar to help you get to the most damning parts of the interviews. Israel is not letting new doctors go in to help. They are killing the doctors and aid workers. Hugs
Is there a way to block someone who’s creeping me out, liking my comments on other blogs? Any assistance will be appreciated. That is all that’s happening right now, but it’s creepy, due to the handle the account is using. Thanks!
Kennedy Center Honors could see some changes under Trump
The Kennedy Center has slightly delayed naming its list of annual lifetime achievement honorees until closer to the event in December, and the award itself, known for its rainbow-hued ribbon, may be redesigned in favor of a simpler version, sources familiar with the decisions told CBS News.
The announcement of the Kennedy Center Honors recipients, usually made annually in August, will happen in the next several weeks, one of the sources said.
Although some of the arts center’s staff and those who closely follow the event have worried the televised gala would be completely revamped and renamed in favor of a patriotic-sounding moniker, the Kennedy Center Honors name will remain untouched, sources said.
The rainbow theme won’t disappear entirely, but the ribbon for the lifetime achievement medallion will likely to be redesigned — possibly with a black or gold ribbon.
President Biden with 2022 Kennedy Center Honorees Amy Grant, Bono and The Edge of U2, and Gladys Knight during a reception at the White House on Dec. 4, 2022.Manuel Balce Ceneta / AP
The Honors weekend will be revamped, with a more streamlined schedule instead of multiple gatherings at the State Department, the White House and elsewhere, sources said. The events were expensive and time-consuming, and honorees sometimes skipped portions of the non-televised events.
After criticizing the Kennedy Center‘s artistic fare and its finances, President Trump earlier this year named himself as its chairman, longtime aide and supporter Richard Grenell as its president and several White House officials and Trump allies as board members. That triggered a number of artists to cancel performances and some staff members resigned.
The Kennedy Center Honors ceremony is directed and produced by CBS and airs on the network.
The size of the Kennedy Center’s development team has been severely downsized, several sources close to the matter said. That team has shrunk from more than 60 to less than 20, and some departments have been slashed altogether.
Giving by Democratic donors has collapsed, although aggressive fundraising has continued and has outpaced past years with more corporate sponsors, several sources said.
Grenell told CBS News: “I don’t want to lose a single Democratic donor. We’re working hard to keep them and expand the donor base. The arts should not be political.”
President Trump and first lady Melania Trump at The Kennedy Center for the opening night performance of “Les Misérables” on June 11, 2025.Craig Hudson/For The Washington Post via Getty Images
During his first term, after several award recipients criticized him, Mr. Trump skipped the Honors shows, breaking a tradition of presidential attendance at the cultural venue.
President Biden attended during all four years of his term, including last year’s ceremony that recognized singer Bonnie Raitt, filmmaker Francis Ford Coppola, surviving members of the band the Grateful Dead, trumpet player Arturo Sandoval, and Harlem’s Apollo Theater.
Two of the sources said Grenell has been an effective organizer but is only occasionally at the Kennedy Center. One was critical of Grenell’s salary. Grenell started off taking zero salary and is now paid $175,000, sources said, which is less than the previous president, Deborah Rutter, whose salary topped $1 million, public tax records show.
Roma Daravi, a spokeswoman for the Kennedy Center, declined to comment on Grenell’s salary or changes to the award design.
She said they’re not making changes to ceremony itself. “If anything,” she said, “it’s going to be more exciting.”
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