New Peruvian President Keiko Fujimori inherits a country that has seen nine presidents in the last decade. Peru's level of political corruption has reached a point where the nation has its own prison for former presidents. Fujimori's father, Alberto Fujimori, was the facility's first resident.

Tried being a QUEEN for a day 😘👑✨ Ming Dynasty Xiaoduan Empress 孝端皇后 Nine-Dragon Nine-Phoenix Crown is truly on another level—48.5 cm tall, inlaid with 115 uncut natural rubies and 4,414 pearls💎🐉A peak expression of Ming court aesthetics~😌✨ But the headband version isn’t bad either!😁🎀👑 #ICIF#

Conviction 2026 has officially been elevated to a National-Level Digital Assets & AI Forum, dedicated to redefining Vietnam’s position on the global economic map. This is more than just an event; it is a strategic cornerstone for building the next-generation International Financial Center (IFC). This digital-age financial hub will serve as the convergence point for smart capital flows and the world's most disruptive technologies, including AI and Blockchain. Conviction 2026 stands as a bold testament to a proactive and resilient Vietnam, ready to lead the digital asset wave in the region. Notably, the forum is honored to welcome the participation and guidance of Government Leadership, affirming a powerful commitment to propelling Vietnam firmly into a new era of national ascension. ⚖️ Backed by Prestigious National Authorities: - Executive Direction: Ho Chi Minh City People’s Committee. - Leadership: HCMC Department of Culture and Sports, in coordination with the HCMC Department of Science and Technology. - Policy Consultant: Vietnam Chamber of Commerce and Industry (VCCI). - Organizers: HCMC Electronic Communications Association (EIC) and HCMC Blockchain Association (HBA). - Host: Ninety Eight. 🚀 The gateway to the Vietnamese market is more open than ever. Do not miss your chance to stand alongside major financial institutions, policymakers, and the visionaries shaping Vietnam’s prosperous future. Register for Conviction 2026 today! __________________________ 👉 Secure your Early Bird tickets now to gain "invaluable" insights from our lineup of world-class speakers: Conviction 2026 - The Largest National Digital Assets & AI Event in Vietnam 📍 Location: Ho Chi Minh City, Vietnam 📅 Date: August 14–15, 2026. 🌐 Stay updated on speakers & forum content at:

A compilation of excerpts from discourses by Xi Jinping, general secretary of the Communist Party of China Central Committee, on methods for community-level work has been published. The book, featuring nine themes, contains 287 excerpts selected from more than 190 important documents, including reports, speeches, articles, instructions and directives by Xi from April 1983 to April 2026. Some of these excerpts are published for the first time. #XiJinping# #CPC#

A new report about Halo: Campaign Evolved claims the remake relies heavily on outsourced development and includes major gameplay and mission changes. According to Halo insider Rebs Gaming, external studio Abstraction handled a large amount of the technical and level-design work. Some sources described the project as “not really an in-studio project” for Halo Studios. Reported changes include: • A major redesign of “The Library” to reduce repetitive gameplay. • Additional revisions to repetitive sections across other missions. • Modernized mechanics like sprinting and expanded traversal. • A “campaign remix” system featuring skull modifiers and alternate gameplay rules. • A reported third-person gameplay modifier. • Brutes appearing in missions where they were not present in the original Halo: Combat Evolved. • Nine extra weapons added to the sandbox, including the Energy Sword, Battle Rifle, SMG, Spiker, and Sentinel Beam. Official previews emphasized staying faithful to the tone and structure of the original game while modernizing gameplay in Unreal Engine 5. Source: @Mr_Rebs_

🚨CARDANO WHALES NOW CONTROL OVER 67% OF ALL ADA; HIGHEST SINCE 2020 Large Cardano holders now control 25.09 Billion cardano:native, or 67.47% of total supply, the highest concentration level since July 2020. The accumulation trend has continued since late 2023 even as ADA’s market cap reportedly fell 71% over the past nine months. Cardano’s onchain activity has weakened sharply, with DeFi TVL down 80% from its 2024 peak, daily DEX volume near $2M, and active addresses hovering around 16,000.

SpaceX just completed TWO Falcon 9 launches in only 6 hours and 26 minutes…again The first mission launched 24 Starlink satellites from California, one day after the previous attempt ended in a last-second abort during engine ignition SpaceX returned the next day, successfully deployed all 24 satellites and safely landed the Falcon 9 booster on the droneship less than nine minutes after liftoff Then another Falcon 9 launched from Florida, successfully deploying Northrop Grumman’s Mission Robotic Vehicle and three Mission Extension Pods into geosynchronous transfer orbit The MRV is a robotic satellite-servicing vehicle designed to install life-extension pods and support inspection, relocation, repairs, upgrades and other in-orbit servicing Two launches. Two coasts. All within less than seven hours SpaceX’s launch cadence is operating at a level the rest of the industry is still trying to understand

The Technology the World relies on was invented in America. We all remember “Intel Inside.” Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories. They forgot to protect our Industries with TARIFFS. When I won my Second Term (Third, actually!), it was clear America needed its Semiconductor Industry to come back to the U.S.A. We design everything, but we need to BUILD it here, NOW! So I decided to help Intel because we need to design and build our Chips right here in America. First, we helped bring in Nvidia, and they agreed to build their first level Chips with Intel. Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel’s Technology team. And, finally, Apple has agreed to work with Intel to design and build its Chips in America. We decided to help Intel in exchange for 10% of their shares. Is that too much or, too little? They were worth around 100 Billion Dollars when we made our offer. Now they are worth over 600 BILLION DOLLARS! Nine months, and they’ve increased in value over HALF A TRILLION DOLLARS. America’s stake is now over 60 Billion Dollars. When was the last time a President made America money?? Thank you for your attention to this matter! President DONALD J. TRUMP ( TS: Jun 18 2026, 12:29 AM ET )

I am a Senior Partner at a compensation advisory firm and I have spent eleven years helping boards understand that performance-based pay was never meant to measure performance. It was meant to measure justification. Those are different disciplines. When a board hires my firm, we build what I call "intent-aligned metric frameworks." The intent being: the CEO gets paid. The framework being: whatever math produces that outcome. We do not rig anything. We select. There are always forty metrics available. We recommend the six that, given current market conditions, will most reliably trigger a payout. If conditions change mid-year, we recommend adjustments. If the adjustments aren't enough, we recommend exclusions. If the exclusions aren't enough, we recommend a committee-level override with disclosure language we draft ourselves. We have never failed to pay a CEO. Eleven years. Four hundred and thirty-seven engagements. Not once. The CEO-to-worker compensation ratio is 290 to 1. In 1965 it was 21 to 1. That is not inflation. That is not productivity. That is my profession. We did that. My industry exists because of the gap between what a CEO produces and what a CEO receives, and our job is to ensure nobody measures the first number with any precision. CEO pay has risen 1,085% since 1978. Worker pay has risen 24%. Same economy. Same companies. Same tariffs hitting both. Different consultants. RTX brought us in last January, three months before Liberation Day, and the committee pre-authorized tariff exclusions at that very meeting. Before any tariff was announced. Before any financial impact was quantified. They were buying insurance against their CEO's compensation being affected by policy he couldn't control. Christopher Calio's bonus went up 85% to $5.1 million. His total comp hit $27.7 million. The board minutes use our language exactly: tariffs are "externally imposed, unpredictable and unrelated to operational execution." We workshopped that sentence for nine billable hours across two partners, three associates, and a forensic linguist we keep on retainer for proxy season. Nine hours to make a bonus look like an act of God. The forensic linguist is named Margaret. She has a PhD in rhetoric from Berkeley and a $340 hourly rate and her entire job is to ensure that proxy statements technically say what happened while functionally saying nothing at all. She taught me that the word "despite" is the most dangerous word in a compensation disclosure. "Despite missing targets, the CEO received..." — that sentence has triggered four shareholder lawsuits in the last two years. We never use "despite." We use "after adjusting for factors outside management's control." Same meaning. Zero lawsuits. Margaret earns her rate. Yeti was my favorite project this cycle. Their actual operating income came in $13.4 million below the threshold for any payout at all. Zero. Nothing. The CEO had failed by every metric the board selected twelve months earlier, metrics we recommended, metrics designed to be achievable. He missed all of them. So the board added $38 million in tariff costs back into the calculation and the bonus lifted 42.6%. Failed became exceptional with one line item. I keep the before-and-after spreadsheet in a leather portfolio my wife gave me for our anniversary, hand-stitched, Italian, $4,200 from the Brunello Cucinelli on Madison. Because it is the cleanest piece of governance work I have ever done. A number that meant "you did not earn this" became a number that meant "the world was unfair to you" with one adjustment. Like watching water run uphill because someone tilted the table and called it hydrology. Ross Stores did the same thing. Gap did the same thing. The pattern is so consistent we have a template now. I save it as "tariff_exclusion_framework_v3.docx" on our shared drive. Version one was from COVID. That was our proof of concept. In 2020 we helped nineteen companies exclude pandemic-related costs from executive compensation calculations while simultaneously using those same costs to justify freezing worker wages. Nobody audits both filings. The CEO's proxy statement lives in one database. The employee communications about frozen raises live in another. We verified this. The two documents contradict each other and they will never be read by the same person. That is not a flaw. It is a feature we designed for. Becton Dickinson raised their performance factor from 74% to 85%. Ten of the eleven percentage points came from our tariff methodology alone. Integra Life Sciences would have paid out nothing without our adjustment. Their board chair called our work "essential governance." We saved four executive careers that quarter. The factory workers at those same companies absorbed the tariff costs directly. Their grocery bills went up 22%. Their gas went up. Their bonuses did not exist in the first place. Nobody called us about their performance factors. Nobody has a performance factor. That is not a thing that exists for people who make $22 an hour. The concept was invented for people who make $22 million. Stock-based compensation now constitutes 77.6% of the average CEO's total package. That number is important because stock is not adjusted for tariffs. It does not need to be. Stock is adjusted by stock buybacks. The same companies paying us to exclude tariff costs from bonus calculations spent $1.1 trillion on buybacks last year. Buybacks inflate the stock price. The stock price determines the vesting value of the CEO's equity grants. The tariff exclusion protects the cash bonus. The buyback protects the equity. We protect the disclosure language. Three separate mechanisms, three separate consultants, one outcome: the number goes up. Always. Regardless. The worker's 401(k) holds 0.003% of the same stock and receives none of these protections. Nobody schedules a committee meeting about that. Of twenty-two companies we reviewed this cycle, eight protected executive compensation from tariff impact. Four did not even disclose the dollar amount to shareholders. One disclosed but used a footnote so dense it required a CPA to parse. I wrote that footnote. It references three cross-linked exhibits and uses the phrase "partially offsetting macro-economic headwinds" in a subordinate clause nested inside a parenthetical that itself modifies a defined term from page 47 of the proxy. The median adjustment was 13%. Our range ran from 6% to 43%, depending on how exposed the business was, how aggressive the committee felt, and how recently their last shareholder lawsuit had settled. We bill for this at $2,100 per hour per partner. The total advisory fees across our eight tariff clients this cycle ran just under $4 million. The total executive compensation we preserved ran just over $180 million. Our clients paid $4 million to keep $180 million. I present that ratio at our own firm's compensation committee meeting each December. We always laugh. Not at the math. At the fact that nobody has ever once described us as overpaid. Meanwhile the median worker at these same companies received a 3.1% raise this year. Cost of living rose 4.8%. Their real compensation declined. Ours preserved $180 million for twenty-two people. The math is beautiful in its honesty if you are willing to look at it from the correct altitude. Someone at a governance conference in March asked why we don't build the same adjustments for hourly workers whose grocery costs went up 22% from the same tariffs. I explained that workers don't have performance-based compensation, so there's nothing to adjust. The system is elegant in a way I genuinely admire. Executives have metrics tied to outcomes they cannot control, which gives us the flexibility to remove outcomes they cannot control. Workers have fixed wages tied to hours, which gives us nothing to work with. Even if we wanted to. Which we do not. Want to. I said this into a microphone in a ballroom at the Ritz-Carlton in Half Moon Bay and three hundred people nodded and nobody wrote it down. The valet outside was making $17 an hour plus tips. His grocery costs went up 22% from the same tariffs. He does not have a compensation committee. He has a shift schedule taped to the break room wall next to a poster that says "You Are Valued." There is a moment in every engagement when the committee asks us if the adjustments are "defensible." Not ethical. Not fair. Not proportionate. Defensible. The question contains its own answer. A thing is defensible if no one with standing challenges it and no court with jurisdiction examines it. Shareholders vote on compensation packages with approximately 3% participation rates for non-institutional holders. The institutions — Vanguard, BlackRock, State Street — vote in favor 94% of the time because their own executive compensation is structured identically and they do not set precedents against themselves. We have never lost a say-on-pay vote for a client. Not once. In eleven years. The system is not defended. It is unattacked. Those are different kinds of invulnerable. My youngest associate asked me last week whether we'd ever considered what would happen if workers unionized and demanded the same tariff adjustments we provide to executives. I told her the answer is on page 3 of every engagement letter we sign: "This advisory relationship pertains exclusively to Section 16 officers and board-designated executives." The exclusion is not implied. It is contractual. We could not help workers even if a board asked us to, because our retainer specifically prohibits it. We wrote it that way. In 2019. After a client's board member made a similar suggestion and our managing partner decided to foreclose the question permanently. The retainer language was reviewed by three attorneys. It took four hours. We billed for it. Ford absorbed two billion in tariff costs and did not touch executive pay. I sent their proxy filing to three clients as an example of what happens when you don't retain a compensation consultant. Two of them called back within the hour. The third called the next morning and asked if we could backdate the engagement letter to January. I said no. Margaret said yes, technically, with the right language. We backdated it. The fee was $180,000. The CEO's bonus was $14.2 million. I keep a running document of these ratios. Not for the clients. For myself. To remember what we are worth. To remember that the distance between failing and exceptional is always exactly one phone call to my office.