Huang (Nvidia)
•READ 'Hegseth Rants. Again.' Commentary by Stephen Macaulay in The Gray Area.
UPDATE: Presumed incoming chair of the House Intelligent Committee Rep. Jim Himes (D-CT) told Politico he is “unsure” whether Megaspeed executive Alice Huang was conscious of China’s espionage activities in connection with her relationship to Nvidia chief/founder Jensen Huang, or whether she was a “useful idiot.”
Founder Out – Nvidia founder and Chief Executive Jensen Huang, “seen by many as the face of the AI arms race” (above) according to The Wall Street Journal, resigned Thursday after reports of two extra-marital affairs. The latest revelation, first reported in The New York Times, was of an inappropriate relationship with the senior executive in charge of Nvidia’s health care business, Kimberly Powell.
But it was the first affair to be revealed, with Alice Huang (no relation), an executive for Singapore-based Megaspeed that got Jensen Huang in hot water with Nvidia’s board. US intelligent officials believe Alice Huang was working for China’s intelligent services, thus potentially compromising Nvidia’s artificial intelligence dominance.
Or, should we say “super intelligence”?
The US intel reports are hanging over the White House, as President Trump apparently was informed of Alice Huang’s alleged connection with Chinese intelligence last spring. Jensen Huang has been among the tech broligarchs closest to the president since Trump returned to the White House early last year. Treasury Secretary Scott Bessent authored a WSJ guest op-ed on Tuesday titled, “Our Best Cyberdefense is American SI.”
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White House Threatens Oversight Committee – White House counsel Will Scharf wrote to incoming House Oversight Committee Chair Robert Garcia (D-CA) Wednesday, The Hill reports, that the committee’s likely investigations into the Trump administration “may cross the line into blatant criminality.”
Garcia responded Thursday morning, telling NPR’s A Martinez on Morning Edition: “We’re not going to be deterred, and we’re not going to be intimidated by Donald Trump or anyone in the administration.”
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Mississippi Goes Blue – The Associated Press Wednesday evening called the US Senate race in Mississippi for Democratic candidate Scott Colom. With 99% of the vote in, Colom had a 4,669-vote lead over incumbent Republican Sen. Cindy Hyde-Smith. This gives Democrats 55 Senate seats to the GOP’s 44, with Alaska yet to be called.
Colom becomes the first Black senator from Mississippi since post-Civil War Reconstruction and the first newly elected Democrat since segregationist John Stennis won a special election in November 1947 (he served to January 1989, when he was succeeded by Republican Sen. Trent Lott).
Stemming the chance the Trump White House might challenge the results in Mississippi, Hyde-Smith, who has voted often with the president, conceded Wednesday and called Colom with congratulations. That’s how it is done -- with grace.
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Kennedys Sue Over Arc d’Trump – Nine members of the Kennedy family political dynasty (not RFK Jr., of course) have sued the Trump administration, asking a federal judge to block construction of the president’s 250-foot triumphal arc, saying it would “obstruct the clear sightline of Kennedy gravesites” (per The Guardian).
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Gas Down – As refineries switch to a less-expensive winter blend and more oil comes in from the Middle East, the national average for a gallon of unleaded regular continues to tick down Thursday, just below $4, to $3.9081 per gallon, AAA reports. That’s 3.48¢ less than Wednesday’s average and 94.169¢ more than on February 27. Diesel is down 3.29¢ Thursday, to $6.0977 per gallon, which is north of March 5 by $2.3909. –TL
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Iran War, Week 30
VETERANS DAY 11/11/26
Jordan Will Lead GOP – House Republicans chose Freedom Caucus co-founder Rep. Jim Jordan (R-OH) their minority leader for the 120th Congress over the more moderate Rep. Steve Scalise (R-LA), in a closed-door vote, The Hill reports. Speaker Mike Johnson (R-LA) chose not to run for minority leader.
Current House count from the midterms is 255 Democrats to 167 Republicans, according to The New York Times.
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Meanwhile, Across the Aisle – House Minority Leader Hakeem Jeffries (D-NY) appears to face no serious challenge to become the first Black Speaker of the House when the 120th Congress convenes in January. It’s a bit different in the Senate, where Sens. Bernie Sanders (I-VT) and Elissa Slotkin (D-MI) have publicly called for a “different” leader than Sen. Chuck Schumer (D-NY) or a “concrete plan” that provides change, Roll Call reports.
Schumer, current Senate minority leader and a former majority leader, has been given plenty of credit for the Democratic Party’s success in midterm races. Democrats will have at least a 54-46 majority in the Senate, and it could go to 56-44 if races in Alaska and Mississippi (!) swing in their favor.
“I’m confident I will be elected majority leader,” Schumer said Tuesday, “and our caucus is really united in focusing on bringing down costs, on ending the corruption, on ending the chaos, on ending the war. We have great unity in our caucus, and I’ll be proud to lead it.”
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More Gas Relief – AAA’s national average for a gallon of unleaded regular is $3.9429 Wednesday, down 3.59¢ from Tuesday and 97.649¢ more expensive than on February 27. Diesel is $6.1306, a drop of 2.66¢ from Tuesday and $2.4175 more expensive than on March 5. –TL
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TUESDAY 11/10/26
Hegseth Fires Back – As the House of Representatives prepares to vote on whether to advance Rep. Thomas Massie’s (R-KY) articles of impeachment against War/Defense Sec. Pete Hegseth, Hegseth fired back Tuesday morning with his first press conference in six months, as covered by USA Today.
“What one disgruntled and defeated congressman is attempting is not oversight and it’s not accountability,” Hegseth said. “It’s political spectacle. It’s a farce and a stunt, and everybody knows it.”
Hegseth compared himself to Donald J. Trump and the president’s two impeachment trials.
“Both times he came back stronger, and the American people sent him back to the White House,” Hegseth said. “Now they’re trying a third time, this time with a member of his cabinet. They will fail again.”
Hegseth is very likely correct on that last point. Though there’s a pretty good chance Massie will get the couple of extra Republicans he needs to join all Democratic House members to vote for impeachment this week, in the 119th Congress, the Senate will fall far short of the 67 votes needed to convict. With Alaska and Mississippi Senate races yet to be called, there will be no more than 56 Democratic senators in the 120thCongress next January.
“If standing with President Trump puts me in that company,” Hegseth said, “I’ll take that company every day of the week.”
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Ukraine, Russia, US Meet Again – Little more detail than that, as the three countries’ delegations met in Abu Dhabi Tuesday to begin their first tri-lateral peace talks since concluding the same in Geneva last February, with no results.
The three countries met for four hours and expect to meet again Wednesday, Ukraine’s foreign intelligence chief, Rustem Umerov, told reporters.
“The agenda includes key questions related to ending hostilities and moving closer to peace,” Umerov said, according to The Kyiv Independent.
Meanwhile, Ukraine is bracing for Russian hits on its utility infrastructure that would again knock out heat and electricity during the cold winter months. What’s more, Europe is looking for security guarantees from the talks. Earlier Tuesday, Ukraine’s delegation met with representatives of the United Kingdom, France, Germany, Italy, NATO and the European Commission, as well as US officials, the Independent reports.
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Russia Kills Independent News – One of Russia’s oldest independent news outlets, Novaya Gazeta closed its doors Tuesday after the Kremlin pulled its license, shut down its online access and kicked it out of its newsroom, the BBC reports.
The government has pressured and persecuted the newspaper at least since Russia’s February 2022 invasion of Ukraine, according to Politico.
Novaya Gazeta was founded in 1993. The Soviet Union’s last president, Mikhail Gorbachev, contributed part of his Nobel Prize money to help fund it.
“For nearly five years of war, we managed to operate while completely surrounded by intelligence services. Now we have been killed,” the editorial staff said in a statement, October 30.
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Inflation Rises 0.4% in October – The Republican Party probably could have used this sort of news a month earlier: Consumer prices rose 0.4% in October in the month-over-month versus September, the Labor Department said Tuesday morning. There is no Consumer Price Index year-over-year for October because of the October 2025 federal government shutdown. The Labor Department says shelter costs rose, and its index for all items less food and energy was up 0.3%.
The annual CPI will return next month with November’s year-over-year index.
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Gas Under $4 – The national average for a gallon of unleaded regular is 12¢ cheaper than a week ago, according to AAA. The gasoline price average Tuesday is $3.9788, which is 3.051¢ cheaper than Monday and $1.01284 more expensive than on February 27. Diesel is not coming down as quickly – AAA says it’s averaging $6.1572 Tuesday, or 1.51¢ less than Monday, and up $2.4441 from March 5. –TL
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MONDAY 11/09/26
Hegseth Survives – By 211-204 vote Monday, the House sent Rep. Thomas Massie’s (R-LA) articles of impeachment against ‘War’ Secretary Pete Hegseth to the Judiciary Committee, effectively killing the effort until the 120th Congress convenes in January (without Massie). (Per NPR’s Morning Edition).
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Lame Duck Begins – The post-midterm lame duck session of the 119th Congress begins this week with the Senate working Tuesday through Thursday, and the House working Tuesday and Thursday, with Wednesday off for Veterans Day. Senate Republicans were returning to Capitol Hill Monday “furious with President Trump, whom they blame for last week’s big losses” in both chambers, according to The Hill.
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Short Honeymoon – President Trump told Fox News late last Tuesday he would wield the power of the veto, then Wednesday told White House reporters he would try to work with Democrats, in a sort of Reagan comes to Tip O’Neil manner, then accepted Susie Wiles’ resignation Friday and named Stephen Miller her replacement as his chief of staff.
But first … Reuters reported that if Democrats took control of the House and Senate -- which happens in January -- Trump would hand the reins to Miller and Office of Management and Budget Director Russell Vought, chief architect of the Heritage Foundation’s Project 2025, based on the Unified Executive Theory to hand domination over the judicial and legislative branches to the president.
Crossing Miller … House Speaker for the 120th Congress Hakeem Jeffries (D-NY) does not expect to work with the White House under new Chief of Staff Stephen Miller the way he sometimes communicated with just-fired Chief of Staff (she’s moving to Trump’s political operations) Susie Wiles.
“It’s not going to happen with this chief of staff, in the sense he lasts,” Jeffries told Jonathan Karl on ABC News This Week with George Stephanopolous.
We’re pretty sure Miller will be White House chief of staff right up to the end of Trump’s second term, January 20, 2029.
Jeffries did duck Karl’s pressing question of how the Democratic controlled House and Senate might pass serious legislation in the face of Trump’s veto threats. The incoming speaker instead referred to his party’s overwhelming wins last Tuesday and its quest to carry out the will of the people.
An ‘oops’ from Trump? … Finally, in a CBS News 60 Minutes interview with former New York Times conservative op-ed columnist Ross Douthat, Trump admitted his war on Iran had much to do with last Tuesday’s GOP drubbing, but added with an “emphatic yes” he would go to war with Iran again.
The “oops” comes in when discussing his immigrant deportation policy.
“I think it was too tough,” he told Douthat. His policy, using an often-unbadged state police force that deported many immigrants to third countries, who often had no criminal record “both helped and hurt” his popularity with the American public.
“I think I got an A+ for closing up the border,” Trump said.
He did not grade himself for myriad shootings by ICE agents, including the fatal shootings of Lorenzo Salgado Araujo in Houston, Johan Sebastián Durán Guerrero in Biddleford, Maine and of protesters Renée Good and Alex Preti in Minneapolis.
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Honey Trap? – Artificial Intelligence industry leader Nvidia has begun an investigation into an alleged plot to trap its CEO into reveal intel to a Chinese executive allegedly recruited by her country’s Ministry of State Security and potentially influence the company to make its most advanced chips available to China, people briefed on the intelligence told The New York Times. A memo describing the alleged plot was circulated among Trump administration policymakers last spring that Alice Huang was tapped by China's MSS to collect the intel, according to the report.
The nature of the alleged plot is what John Le Carré’s George Smiley would call a “honey trap.” CEO Huang has issued a public apology to his wife over an intimate relationship with Alice Huang, whose company, Megaspeed, began a multibillion-dollar purchase of advanced AI chips in 2024, about the time the two were photographed together at a Taipei bar.
"To many in the industry, the well-funded push by Megaspeed into AI appeared to come out of nowhere," the NYT reports.
"I was unfaithful to my wife," Huang wrote in a memo to Nvidia employees Sunday (NYT, again). "My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry."
As chief of the industry leading AI developer, CEO Huang has been an influential ally of President Trump, who had been briefed on Huang's relationship with the Chinese executive, "but chose not to do anything about it," according to the NYT.
After the markets opened Monday Nvidia’s shares slid while other tech stocks recovered from last week’s big bear market, The Wall Street Journal reports.
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A Bit More Relief at the Pumps – The national average for a gallon of unleaded regular gasoline is just below $4.01 per gallon Monday, or $4.00931, which is down nearly 14¢ -- 13.999¢ to be exact – from Election Day last Tuesday. That’s still $1.04335 more expensive than February 27, the brink of war with Iran. Diesel on Tuesday averages $6.1723, or 11.52¢ less expensive than last Tuesday and $2.4592 more expensive than on March 5.
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CORRECTION: An earlier edition of this page misidentified the state represented by Rep. Thomas Massie (R-KY). –Compiled and edited by Todd Lassa
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MONDAY 11/9/26