Author: rb809rb

  • CNN’s Wolf Blitzer Recounts “Frightening Experience” After White House Correspondents’ Dinner Shooting

    CNN’s Wolf Blitzer Recounts “Frightening Experience” After White House Correspondents’ Dinner Shooting

    Wolf Blitzer is recounting his “frightening experience” when shots were fired during the White House Correspondents’ Association dinner Saturday night.

    The longtime CNN anchor spoke to USA Today after the incident, saying he was near the gunman, who had charged through a security checkpoint and into the Washington Hilton ballroom with multiple weapons.

    “I feel fine. I’m just scared. It was scary,” he recalled. “I was a few feet away from the gunman as he was firing. It was loud. It was scary. The cops got on top of him and then they got on top of me to protect me. And then they took me away into a secure room, the men’s room. It was just a frightening experience.”

    Blitzer also went live on CNN after everything went down to detail his experience. He said he was walking back to the ballroom at the time, and then “heard three, maybe six gunshots” and that it was “enormously loud.”

    The journalist added that “when the cop pushed me down, I said to myself, ‘I wonder if I was the target or whatever,’ and thank God I wasn’t ’cause I was not shot. I was just thrown to the ground and protected.”

    Following the shooting, 31-year-old Cole Tomas Allen was later identified as the suspect and quickly taken into custody. U.S. Attorney Jeanine Pirro confirmed in a press briefing that the suspect will be charged with using a firearm and assaulting a federal officer with a dangerous weapon, and that there will likely be “many more charges” to come.

    President Donald Trump and first lady Melania Trump, who were sitting onstage at the time of the incident, were also rushed out of the ballroom. He later shared details surrounding the shooting at a press conference at the White House, revealing that an officer was shot but saved by a bulletproof vest.

    Trump added that he plans to reschedule the White House Correspondents’ Association dinner.

    “We’re gonna do it again, we’re not gonna let anybody take over our society; we’re not gonna cancel things because we can’t do that,” the president added. “We wanted to stay tonight. I will tell you, I fought like hell to stay, but it was protocol.”

  • ‘Michael’ Rocks Box Office With Record-Setting $97 Million Debut

    ‘Michael’ Rocks Box Office With Record-Setting $97 Million Debut

    There’s a new box office king.

    Michael,” a biopic about the King of Pop, Michael Jackson, arrived in theaters as an instant sensation with $97 million domestically and $217 million globally in its first weekend of release. These ticket sales rank as the best start of all time for a biopic, smashing the record set by 2015’s “Straight Outta Compton” ($60 million). And they tower above 2018’s “Bohemian Rhapsody,” which opened to $51 million before obliterating expectations with $910 million worldwide by the end of its run. “Michael” also notched the second-biggest debut of the year behind April’s sequel “The Super Mario Galaxy Movie” ($131 million).

    “Michael” landed on tracking a month ago with estimates of $50 million to $60 million, but expectations continued to rise and rise in the lead up to its release. The movie is rocking the box office despite the mostly terrible reviews (only 38% of which were positive on Rotten Tomatoes). Audiences, however, strongly disagreed with the majority of critics and embraced “Michael” with an “A-” grade on CinemaScore exit polls.

    Antoine Fuqua directed “Michael,” which charts the singer’s early days in the Jackson 5 to becoming one of the biggest entertainers on the planet. Jaafar Jackson, the singer’s real-life nephew, portrays Michael Jackson in his acting debut, with Colman Domingo and Nia Long as parents, Joe and Katherine. Film reviewers have complained that “Michael” takes a sanitized look at Jackson’s life because it doesn’t include the child sexual abuse allegations that were leveled against the singer later in his career.

    That wasn’t always the plan for “Michael.” Initially, the screenplay had dramatized a 1993 child molestation lawsuit against Jackson. But those sequences had to be removed after producers discovered a clause in the settlement with the young accuser that barred the depiction or mention of him in film or television. After a major overhaul of the third act, the film ends during the Bad tour in 1988. Lionsgate is expected to greenlight (at least) one more film about Jackson’s life.

    “Michael” carries a price tag near $200 million, making it one of the most expensive biopics of all time. Those costs were split by Lionsgate, Universal (which is distributing the film internationally) and the Michael Jackson estate. Despite the behind-the-scenes headaches, the movie is already proving to be worth the hefty price tag.

    “Michael” is the biggest hit for Lionsgate in more than a decade, since 2015’s “The Hunger Games: Mockingjay – Part 2” ($102 million debut). If ticket sales surpass $700 million worldwide, as expected, “Michael” will land among the studio’s biggest films of all time, with the top three spots belonging to 2013’s “The Hunger Games: Catching Fire” ($865 million globally), 2012’s “Twilight: Breaking Dawn – Part 2” ($848 million) and 2014’s “The Hunger Games: Mockingjay – Part 1” ($759 million). After a brutal rough patch in 2024, with a string of flops including “Borderlands,” a reboot of “The Crow” and “Wonder” prequel “White Bird,” Lionsgate’s box office fortunes have been on the upswing. Recent wins include “Now You See Me, Now You Don’t,” “The Housemaid” and “The Long Walk.”

    There’s been no shortage of music biopics, especially since the pandemic. Amy Winehouse (“Back to Black”), Bob Dylan (“A Complete Unknown”), Bob Marley (“One Love”), Bruce Springsteen (“Deliver Me From Nowhere”) and Elvis Presley (“Elvis”) are among the stars whose stories have been immortalized on screen to varying degrees of box office success. Like “Bohemian Rhapsody” and “Elvis” before it, “Michael” scored with audiences by leaning heavily on recreating thrilling concert sequences. Those electrifying scenes — musical numbers in “Michael” include “Billie Jean,” “Thriller” and “Beat It” — made the film a draw in Imax and other premium large formats. Imax accounted for $13.8 million, or roughly 14% of North American ticket sales, and $24.5 million globally, ranking as the company’s biggest start for a musical biopic.

    As this weekend’s only major release, “Michael” towered over North American charts. Reigning champ “The Super Mario Galaxy Movie” slid to second place after three weekends in the No. 1 spot. Universal’s animated sequel about the beloved Nintendo characters has added $21.2 million from 3,732 theaters, boosting revenues to $384 million domestically and more than $800 million globally.

    “Project Hail Mary” was No. 3 with $13.2 million from 3,510 locations, a remarkable tally for a film in its sixth weekend of release. So far, the space epic, starring Ryan Gosling, has generated a mighty $305 million in North America and roughly $600 million worldwide.

    More to come…

  • Michael Keaton Returns to Hometown Pittsburgh to Announce Steelers’ NFL Draft Pick

    Michael Keaton Returns to Hometown Pittsburgh to Announce Steelers’ NFL Draft Pick

    Michael Keaton, a longtime fan of the Pittsburgh Steelers, surprised football fans when he took the stage at his hometown’s record-breaking NFL draft and announced a pick for the team.

    The Oscar-nominated actor was born in Kennedy Township, Penn., and was raised around Pittsburgh before moving to Los Angeles and beginning his film and TV career. One of his first roles was on a 1975 episode of “Mister Rogers’ Neighborhood,” which filmed in Pittsburgh, and he also served as a full-time production assistant on the show. After Fred Rogers’ death in 2003, Keaton even hosted a PBS memorial, titled “Mister Rogers: America’s Favorite Neighbor,” and the show’s 50th anniversary special, “Mister Rogers: It’s You I Like,” in 2018.

    On Saturday, Keaton returned to the Steel City to announce the Steelers’ 169th overall pick during the fifth round of the NFL draft, tight end Riley Nowakowski from Indiana University. The Pittsburgh draft broke the all-time attendance record with 805,000 fans across three days, beating the previous record set by Detroit in 2024 with 775,000 people.

    Other Pittsburgh celebrities came to celebrate the city’s NFL draft, including rapper Wiz Khalifa and rocker Bret Michaels of Poison. The two musicians joined together for a concert on Friday, the second night of the draft.

    Indiana University quarterback Fernando Mendoza was the first pick of the 2026 draft and will lead a slumping Las Vegas Raiders team in desperate need of some star power. Heisman trophy winner Mendoza led his college team to a perfect season and the national championship this year. In other quarterback picks, the Las Angeles Rams surprised many by selecting Alabama star Ty Simpson at No. 13. The young quarterback is now primed as the successor to 38-year-old Super Bowl champion Matthew Stafford, who’s fresh off an MVP win.

  • Founder of One of Switzerland’s Largest Gold Companies Speaks About Bitcoin

    Founder of One of Switzerland’s Largest Gold Companies Speaks About Bitcoin

    With the global economy grappling with a severe debt crisis and currency devaluation, Von Greyerz partner Matthew Piepenburg has offered striking analyses of the future of the financial system.

    Speaking on the New Era Finance Podcast, Piepenburg discussed ways for investors to escape the current system, the differences between gold and Bitcoin, and the impending threat of Central Bank Digital Currencies (CBDCs).

    While Piepenburg is a traditional advocate of gold, he acknowledges that using gold as a means of payment in daily transactions is impractical. “You can’t go and buy a house with a gold bar,” he says, summarizing his strategy as follows: “Save with gold, spend with fiat currency.” However, according to Piepenburg, at the point where technology merges with the currency crisis, the “tokenization” of everything, even gold, has become an inevitable process.

    Related News A Bitcoin Developer Has Raised the Banner of Rebellion: He Plans to Create a Bitcoin Clone and Distribute Satoshi Nakamoto’s Funds to Users

    Piepenburg stated that people have lost faith in the traditional financial system and are looking for an alternative. Arguing that Bitcoin and gold stand out as the two strongest alternatives, the expert said, “People are choosing either gold, Bitcoin, or both. The fundamental motivation is to escape the controllable and constantly depreciating fiat currency system.”

    Bitcoin is described by Piepenburg as a pioneer of an era where “everything is going digital.” While maintaining its reliance on physical gold, the expert states that the marriage of technology with currency crises has triggered the “tokenization” process. According to Piepenburg, the digitalization and tokenization of all assets, including gold, is now an unstoppable process. In this respect, Bitcoin, with its decentralized structure, takes a stand against the “control and surveillance” mechanisms offered by the traditional system.

    *This is not investment advice.

  • The Reality of Fiji

    The Reality of Fiji

    Just over a decade ago, Fijian director Tulia Nacola was eking out a living as a carpenter. She specialized in intricate driftwood chandeliers, which hung in resorts along Fiji’s Coral Coast, an 80-mile stretch of white sand beaches and verdant palm forests that fringe the main island of the South Pacific Ocean archipelago. Nacola’s work caught the eye of a visiting art director for a reality TV show, Beauty and the Geek Australia. He asked for some of her pieces, and she helped him build his set.

    An English-lit major, Nacola, 41, was quietly writing her own stories, gaining a following in Fiji for her novels highlighting the experiences of indigenous Fijians, or iTaukei.  In 2024, she shot her first short film on a secondhand smartphone; its reception showed a thirst for local stories, and soon Nacola gained financial backing for a feature film. However, there was a hurdle: Fiji, a developing country with a population of about 930,000 spread across 300 islands, has a fledgling film industry, and Nacola wanted to direct it herself. She had to learn, and fast.

    Enter Love Island USA. Nacola contacted her friend, the art director, who was now Love Island’s production manager. She got a job dressing sets. Then, for six months last year, between running errands, she observed it all: the hierarchy, the urgency of shooting, the dealing with stars and their emotional upsets. “I went on set knowing that I needed education in this filmmaking world, I needed a crash course,” Nacola says. “I had an ulterior motive — I wasn’t just there to put up flowers and earn money.”

    Season 7 of Peacock’s hit series ‘Love Island USA.’

    Kim Nunneley/Peacock

    Her film, Adi, released in February, is the first feature film shot entirely in iTaukei. It premiered in a sold-out cinema in the Fijian capital, Suva, and is out for submission at global film festivals. “Everything became clear to me on that set,” she says of working on Love Island USA, “and I would not have been able to make my film if I had not had that experience.”

    Fijian director Tulia Nacola (standing, second from left) on the set of ‘Love Island Games‘ in Fiji with international and local crew. She says her time on ‘Love Island’ sets gave her the knowledge to complete her own film.

    Courtesy of Tulia Nacola

    With its crystal-clear waters, offshore reefs and waterfalls plunging into mist-filled valleys, Fiji has a storied history of hosting film productions. Most famously, Brooke Shields and Tom Hanks washed up on its picture-perfect shores in The Blue Lagoon (1980) and Castaway (2000), respectively. In more recent years, it has become increasingly popular with reality television shows, who see the relative ease of access (there are direct, 11-hour flights from L.A.), the Fijian government’s film rebate scheme, and competitive Fijian dollar as drawing cards, according to Film Fiji chief executive Jone Robertson. “The scheme works, the dollar goes a fair way, and it’s like filming in paradise,” he says.

    However, along with benefits to the economy and the local film industry come questions about the impact of film crews and tourists on an increasingly fragile environment — especially at a time when the Pacific Islands are some of the most vulnerable in the world to climate change.

    “This old model of constant [tourism] promotion without thinking about how to manage the negative, carbon footprint, that’s a model that needs to change — and these production companies coming into developing countries need to leave something positive behind,” says Susanne Becken, a professor of sustainable tourism at Griffith University in Australia. “Is there proper waste management, sewage treatment, do they use plastic bottles? What do they deliver for these islands?”

    Contestants of ‘Survivor 46′ on Mana Island.

    Robert Voets/CBS via Getty Images

    Since the first tribal council lit their torches in Borneo in 2000, Survivor has been a reality series staple watched in hundreds of countries. For the past decade, it has set up shop in Fiji’s Mamanuca Islands, where it films two seasons a year back-to-back from January to July. Over that period, it employs hundreds of Fijians across all aspects of production — from set design and camera operation and security — and is estimated to inject $25 million Fijian dollars (a bit more than $11 million USD) into the economy each year. Love Island USA first began filming in the country in 2019, with its last three seasons filming in the Mamanuca Islands in a custom-built villa and at a local resort.

    Productions are eligible for a 20 percent cash rebate for all spending in Fiji, capped at $4 million Fijian dollars, and have to meet certain criteria including employing a certain number of locals, engaging film students from Fiji’s National University as interns, and having elements of scripts vetted by Film Fiji. Robertson says the agreements are mutually beneficial, with the film commission helping to scout locations, smooth the visa process and provide local crew, while locals get the benefits of working on international productions. “Our biggest competitor in terms of location is Thailand, who offer a 35 percent rebate, so our focus is on creating great relationships with the productions we do have to get them to keep coming back.”

    ‘Love Island USA’

    Ben Symons/Peacock

    Fijians who have worked on reality shows who spoke to The Hollywood Reporter for this story say that their earnings have averaged around $200 Fijian dollars ($90 USD) a day, a comparatively high rate in a country where many still live in rural poverty on $1.25 Fijian dollars (60 cents) a day. Workers use income to build houses, send children to school or buy land.  “Especially younger boys, working on these shows gives them purpose and direction,” Nacola says. “They can help their families.”

    Almost all of Nacola’s crew on her feature film had previously worked on reality TV shows shot in Fiji, including Love Island USA, Love Island Games and Survivor, and they used equipment they’d bought off those sets. Her director of photography, Lanza Coffin, has worked on Survivor for 10 years. “I was a wedding photographer, and now I have my own production company,” Coffin, 42, who is about to fly out for a four-day documentary shoot, tells me when I call. “I found a career path, working up from being a personal assistant to a camera assistant and now a camera operator.”

    Crew on ‘Survivor,’ shot in Fiji’s Mamanuca Islands, in 2023. Lanza Coffin (third from right) has worked on ‘Survivor’ for a decade and now has his own film production company, Video Factory.

    Courtesy Lanza Coffin

    Fijian camera operator Coffin on the set of ‘Fight to Survive,’ a reality television series shot in Fiji.

    Courtesy Lanza Coffin

    He estimates about 60 percent of the crew are from Fiji, and over time key roles that used to be filled by international crew are now being done by Fijians, due to the generosity of knowledge-sharing among the Emmy-winning crew. “That’s the advantage of coming back again and again,” he says. In addition to running his production company, Coffin is part of the Fiji Film Collective, which will start workshops for locals in the coming months. “Now we have the technical know-how, but we’re missing the writing and producing and the funding. So that’s next.”

    Tourism Fiji chief executive Dr. Paresh Pant says that the organization is happy with the global promotion of Fiji that has come from film and television productions, paired with their contribution to the local economy. The most recent statistics put this economic injection at $76 million Fijian dollars ($34 million USD) for 2023.

    Tourism Fiji leverages these shows, with a recent marketing campaign celebrating the 25th anniversary of Castaway and a pop-up event in New York to mark 50 seasons of Survivor. “These initiatives help convert entertainment exposure into real travel interest,” says Pant. “These productions are part of a broader ecosystem that helps keep Fiji one of the most recognizable island destinations in the world.” To promote responsible travel, tourists are asked to take part in a “Loloma hour,” giving an hour of their trip back to the environment by beach cleaning, coral planting or learning about Fijian culture.

    The seascape near Tokoriki Island Resort, a beachfront property located on an island within Fiji’s Mamanuca Islands.

    R+A Creative

    A beachfront pool villa at Tokoriki Island Resort.

    Courtesy Tokoriki Island Resort

    In 2024, just over a million international travelers visited the country, a record number. And online ticket agency Ticket Source, analyzing Google Search results, found that searches for flights to Fiji more than doubled compared to previous weeks during Love Island USA’s popular season 7 run in 2025.

    But Griffiths says tourism in general puts islands like Fiji in a paradoxical position. Tourism makes up 40 percent of its GDP, earning the country $2.5 billion in Fijian dollars ($1 billion USD) last year. However, growth at all costs can’t be the default position when the Fiji government is also asking for global funding to address the impacts of climate change, according to Griffiths. “When countries like Fiji market to Europe and America you have long-haul travel, and that really exacerbates the problem,” she says. A recent study in Nature showed carbon global emissions due to tourism grew 3.5 percent from 2009 to 2019, double that of the worldwide economy.

    Research has consistently shown the Pacific Islands are among the most vulnerable to climate change, with warming sea temperatures causing large-scale coral die-offs and rising tides threatening homes and livelihoods. Some resorts in the Mamanuca Islands are set to lose entire wings to the sea in the coming years, and drinking water in villages is already being infiltrated by salt from seawater seeping into ground bores.

    Beach area on Monuriki Island, part of Fiji’s Mamanucan Islands.

    Getty Images

    The country is also home to endemic species, many of whom are under threat, including the critically endangered Fijian crested iguana. Irreversible damage can be done to wildlife and habitats by tourists and production companies who aren’t careful. “If they’re coming in and they’re not sustainable, they’re not doing things that are helping, it’s a lot for us to fix,” says Mamanuca Environmental Society project manager Marica Vakacola. “Most of these foreshores are being inundated with tides, and not even high tides, and many communities are seeing the drastic impacts of climate change.”

    University of Auckland Indo-Fijian researcher Danian Singh has been documenting the relocation of Fijian villages due to climate-change-related coastal erosion and inundation. He has visited Vunidogoloa multiple times, which was the first iTaukei community to be relocated 14 years ago on Vanua Levu, Fijian’s second largest island, one of more than 40 that are due to be shifted in coming years.

    “It’s a massive challenge relocating all these people. There is very little budget for this — even the village of Vunidogoloa has no electricity, one kerosene-run fridge, and there are no resources in terms of the basic necessities. They don’t have money to repair their houses, over time leaks have developed, rivers are running through them.”

    It was a difficult experience for villagers who were emotionally and culturally attached to the land, which their families had inhabited for centuries, and who continued to visit even as the graves of their ancestors drowned and crumbled away. Some residents, like those in the village of Vunisavisavi, told Singh they would never leave even when their houses were under the sea. 

    The Mamanuca Islands: An aerial view of Tavarua Island, a popular resort for surfing and ocean sports.

    Getty Images

    Environmental and cultural programs that educate tourists on conservation are beneficial but need to be amplified, according to Singh. “One resort put a turtle in a bathtub for tourists to see, for example, and that turtle got really stressed. Local conservationists protested and it was returned to sea, but tourists can be aware of that kind of thing too,” he says.

    The planting of mangroves, which have solid roots that help to mitigate the impact of heavy waves and prevent the flow of trash from inland to the sea, is a priority for the Fiji government, along with coral replanting. Local villages are actively monitoring the oceans and reefs in their environment, and backlash to a recent plan from a billionaire Australian to build a giant plant to incinerate rubbish in Fiji was loud and well organized, says Singh. “In the past, the national economic outcomes have usually outweighed the community needs, but now it seems to be changing.”

    The Mamanuca Environmental Society’s team, which includes tourist operators and villagers, has its own initiatives to plant mangroves. They also check coral reefs, plant heat-resistant coral species, aid resorts in reforestation and waste management projects, and teach ecology programs in schools.

    ‘Survivor’ host Jeff Probst

    Robert Voets/CBS ©2025 CBS Broadcasting, Inc

    When it comes to productions, the environment society holds meetings with teams ahead of shooting so they understand the impact, says Vakacola. Survivor, which is shot mainly on Mana Island with the cast staying on satellite islands, has been respectful and donated to the organization. “Before they came there was consultation done, they informed us what island they’d be working on, they work directly with the local communities and the villages.” Traditional landowners are paid for the use of their land. If forest is cleared for a scene, trees are selected that can grow back, and the production employs its own biosecurity personnel on site, she says.

    CBS, who produces Survivor, declined to take part in this story. A representative for Love Island production company ITV America says it has partnered with BAFTA Albert, a screen industry organization for environmental sustainability, to track its carbon footprint. This helped the show reduce its CO2 emissions by 65 percent over the last season by using grid power as well as battery generators (instead of diesel). The production composted food waste, did not use plastic water bottles and other single-use items, recycled pieces of set for local schools or families instead of sending them to landfill, and ran a can-recycling program.

    This June, the eighth season of Love Island USA premieres, with a group of “Islanders” once again thrown together to see what steaminess and drama might ensue. In 2025, it was the most-streamed TV show in America; Fiji’s dramatic coastlines will once again form the backdrop for romance. Interest in tourism to Fiji may likely spike again.

    The poster for director Nacola’s feature film, ‘Adi.’

    Courtesy of Tulia Nacola

    And while it might be set in the same country, for many Fijians, it’s a world away. Before she finishes speaking with THR, Nacola talks about the personal importance to her of making her film, which tells an indigenous story of a chiefly family where the woman has to step up to the lead role. “Knowing I can tell my own stories grounds me in my culture,” she says.

    While she will always be grateful for her time on reality TV sets, she’s not interested in the shows themselves. “Fijian culture is not usually portrayed at all, or they have artifacts that aren’t Fijian. There are things that aren’t culturally appropriate — it’s foreign ideas that they’re piecing together for television, like a fake place and a fake world but being very generally tribal, like any indigenous place.”

    “What about the entertainment value of Love Island, for example?” I ask Nacola. Do you like it? “I don’t know, to be honest,” she says. “I’ve never watched an episode.”

  • The Ultra-Luxury Air Travel Arms Race Heats Up, From Private Member Clubs to Flying Chefs

    In a year where airports have become vortexes of time-consuming frustration and the number of canceled flights is on the rise, it might be understandable to choose to staycation this summer.

    That said, the luxury side of air travel is becoming more enticing than ever, with companies increasingly catering to the highest net-worth travelers. At top airlines and major airports, there are new and updated lounges, onboard suites, spa showers, large entertainment screens, video calls and fine-dining options that allow you to take a big exhale — even if you are simply headed to a business conference. And, if you want to skip the hassle altogether, there are semi-private options — allowing you to skip security lines — that are becoming more luxe by the day.

    Elegant Upgrades at Major Airlines

    Air France made a splash last year when it introduced La Premiere, with high-curtained walls giving a new level of privacy to mini apartments that contain a flatbed and separate armchair and can be combined for couples or families to double their space. As of March, all flights in this category, as well as business class (for flights departing the U.S.), will have meals curated by famed chef Daniel Boulud. The ticket also includes lounge access and — for flights originating in Paris and six other cities in France — transportation to the airport in a premium vehicle.

    A La Premiere suite aboard Air France.

    Courtesy Air France

    “With its new La Première offering, Air France now presents the highest expression of travel, delivering a private jet-like experience,” says Fabien Pelous, Air France’s executive vice president, customer. “On board, in the new fully redesigned and modular suite, which stretches across five windows, every detail has been carefully considered: three-Michelin-star fine dining, designer pajamas, signature French pastries, iconic cosmetics, and more.”

    Boulud, who is creating the food for the airlines flights from the U.S. to Paris, has come up with 75 recipes. “Everything is fresh,” the chef tells THR. “JP Park, the chef at Atomix, just sent me a picture of the dinner on his flight, and wrote ‘I had the beef.  It was tender and the sauce was great!”

    On Turkish Airlines, “Flying Chefs” actually comes out to greet you these days, personally delivering gourmet fare, including bread freshly made using ancient grains, and offering amenities from Lanvin. Meanwhile, Emirates and British Airways now provide 32-inch screens for movies and allow you to control the temperature in your suite, so no more begging the flight attendant to turn down the air conditioning. Lufthansa has introduced a suite with double beds, so you can cozy up with your travel buddy, while Emirates and Etihad Airways offer shower spas, which allow you to arrive in a much fresher state after a lengthy trip.

    Chef service aboard Turkish Airlines.

    COURTESY TURKISH AIRLINES

    The experience is chic at Delta, where the bedding in Delta One onboard suites is by Missoni and cushions are memory foam. “Customers are clear that comfort is their number one priority when flying Delta One — 97 percent say Delta’s flat-bed is the reason for choosing the cabin,” said Mauricio Parise, Delta’s vp brand experience. “This led us to a new design that, when combined with our current mattress pad and luxury bedding from Missoni, makes for an incomparable sleep at 30,000 feet.” The elevated offerings build on the rollout of the upscale Delta One lounges at LAX and JFK in 2024.

    Missoni amenity kits and bedding sets on Delta One.

    Courtesy Delta One

    Beyond the curtain of the first-class cabin, several carriers are reimagining the economy experience as well. Lufthansa and ANA offer economy seats that convert to coach-style sleepers, and starting next year, United Airlines will be offering “Relax Rows,’’ where for an extra fee, seats in economy will allow passengers to lie flat on long-haul trips. These United seats will come complete with custom-fitted mattress pads, extra pillows and blankets. And on BermudAir, the company is so opposed to single use plastics, all classes on board get served with glassware —and a Dark & Stormy, Bermuda’s national drink, is complimentary, including in economy.

    The Private Terminal Route

    A private suite at the recently opened PS ATL in Atlanta.

    Courtesy PS

    Voyagers can avoid entering the main public terminals at some airports and instead head to beautifully designed private terminals like PS. Open since 2017 at LAX, PS debuted last year in Atlanta, will open this summer in Miami, and will expand after that to Dallas and Paris. In each city, the concierge-style service has its own private check-in and TSA process’,’ provides food, drinks and spa services’,’ and chauffeurs you directly to your plane.

    Similarly, at The Windsor by Heathrow in London, a private butler tends to your whims, and you are fast-tracked through immigration, customs and baggage handling. A BMW collects you at your hotel and delivers you directly to your plane — which is particularly valuable at Heathrow, where your flight can be miles away. The lounge itself is a treat, with food curated by British star chef Jason Atherton.

    Semi-Private Carriers

    Of course, travelers can avoid going anywhere near large airports by flying semi-private. Passengers simply book an individual seat on a scheduled flight, drive up to the lounge at a private airport and hop on, with a brief luggage screening as one boards.

    Slate offers routes from New York to Florida.

    Slate, an upscale semi-private carrier, launched last year and now has busy routes from New York to the Florida cities of Palm Beach, Miami and Fort Lauderdale. This season, it is introducing direct flights from NYC to the Hamptons, landing in Westhampton.

    With just 30 seats on each plane, air carrier JSX not only offers free Starlink service, but in June it will introduce new routes between Monterey and Orange County and Burbank and between Reno/Tahoe and Carlsbad. It has also partnered with Petco to give four-legged passengers swag including branded bandanas and frosted cookies. For domestic flights, passengers can check in just 20 minutes before a flight.

    JSX luxury jet service.

    Courtesy JSX

    One of the joys of these carriers is that travelers strut on with their dogs, no matter the size of the pooch. And two newer services are actually canine-centric: RetrievAir, which launched last year, and Bark Air. The latter just added four new European routes (Berlin, Dublin, Athens and Stockholm) complete with doggie wellness kits and a lounge serving bowls of warm broth. Bark’s new Companion Concierge will help arrange international paperwork and required vaccinations.

    Aero’s luxury private jet service.

    Philip Cheung/Courtesy Aero

    In contrast to typical airline food drowning in salt and sauces, the culinary offerings aboard Aero are a delight, with meals created in partnership with Erewhon, Spago, Parm, Sadelle’s and Flora Farms along with an open bar of top-shelf spirits and Veuve Clicquot champagne. The wifi is Starlink here too, and there are dedicated customs agents to help passengers speed through passport control. Last year, the luxury carrier — which has the feel of a private-jet experience, with a limited amount of seats and high-end service — launched flights between L.A. and Maui in partnership with Four Seasons Resort Maui at Wailea. And it’s just announced service between L.A. and Miami (starting in November) and between Aspen and Miami (starting in December), along with expanded service between New York and L.A., including special flights to get industry travelers to and from the upfronts. 

    Private Member Club in the Air

    The Revaire luxury jet service app.

    Courtesy Revaire

    As private membership clubs continue to proliferate on the ground — from the new Zero Bond in Las Vegas to the relatively under-the-radar Living Room in L.A. — the membership model is increasing in the skies too, from Wheels Up’s recently launched Signature Membership offering to XO’s Insider program, which offers special access to such events as Miami race weekend.

    One of the newest entrants in the space is invite-only members club Revaire, which launched last year with a membership fee of $1,500. A digital platform with patent-pending technology, Revaire allows vetted members to share the cost of private charter flights. It tracks the activity of its group and lets people know if there are fellow members headed in the same direction, giving them the opportunity to upgrade to charters from the commercial travel they’ve booked. Most activity at the moment involves flights that either initiate or land in L.A., New York and Miami. “As we grow, we see the community side of this being as important as private travel,” explains Revaire co-founder Luke McNees, who used to be Diplo’s tour manager. “People are more than happy when we put them into a room with other vetted individuals. This is tapping into a membership club trend we have seen expand.” Revaire also puts together curated experiences, including trips to major music festivals.

  • US-Iran conflict: What’s the latest as the Islamabad talks stall?

    US-Iran conflict: What’s the latest as the Islamabad talks stall?

    United States President Donald Trump has cancelled a planned visit to Pakistan by his envoys Steve Witkoff and Jared Kushner, who had been expected to explore indirect talks, which remain deadlocked over issues that include the blockade of the Strait of Hormuz.

    “If they want to talk, all they have to do is call!!!” Trump wrote on his social media platform Truth Social on Saturday, signalling that Washington for now would not send negotiators to Pakistan, the country that is mediating between the longtime adversaries.

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    With neither Washington nor Tehran showing much willingness to soften their positions, prospects for a diplomatic breakthrough in the US-Israeli war on Iran and securing a lasting ceasefire remain stalled.

    The conflict spilled into the larger Middle East region, including Lebanon, causing the worst global energy crisis since the 1970s and risking a global recession.

    So what do we know about the talks and where they stand as of now?

    What has the US said?

    The US president on Saturday told reporters in Florida that he scrapped his envoys’ visit because the talks involved too much travel and expense to consider an inadequate offer from the Iranians.

    After the diplomatic trip was called off, Iran “offered a lot, but not enough”, Trump said.

    On Truth Social, he wrote that there was “tremendous infighting and confusion” within Iran’s leadership.

    “Nobody knows who is in charge, including them,” he posted. “Also, we have all the cards, they have none! If they want to talk, all they have to do is call!”

    What has Iran said?

    In Tehran, Iranian President Masoud Pezeshkian reiterated that his government will not enter negotiations while the US maintains a blockade on Iranian ports.

    In a phone call with Pakistani Prime Minister Shehbaz Sharif on Saturday night, Pezeshkian said Washington “should first remove operational obstacles, including the blockade,” before any new talks can begin, according to the ISNA and Tasnim news agencies.

    Meanwhile, during his visit to Islamabad on Friday, Iranian Foreign Minister Abbas Araghchi held separate meetings with Pakistan’s army chief, Field Marshal Asim Munir, and Sharif.

    In a post on Telegram, Araghchi said their discussions covered regional dynamics and Iran’s non-negotiable positions without disclosing specifics. He added that Tehran intends to engage with Pakistan’s mediation efforts “until a result is achieved”.

    After departing Islamabad on Saturday, Araghchi travelled to Oman, where he discussed ways to end the conflict with Sultan Haitham bin Tariq al-Said, according to state media.

    He was then scheduled to continue on to Russia. Iran’s IRNA news agency said Araghchi is expected to return to Islamabad on Sunday for additional talks.

    What has Pakistan said?

    Despite hardening public positions from Washington and Tehran, Pakistan’s political and military leadership is continuing to mediate, two Pakistani officials said on Sunday, according to The Associated Press news agency. They were quoted as describing the indirect ceasefire contacts as still alive but fragile.

    There were no immediate plans for US envoys to return for talks, according to the Pakistani officials, who spoke on the condition of anonymity because they were not authorised to speak to the media, AP added.

    Al Jazeera’s Kimberly Halkett, reporting from Islamabad, said Pakistani officials are underscoring that the expected return of Araghchi to Islamabad is seen as a “hopeful sign”.

    “What they hope is that this will in fact be something that can be incremental in the process and will advance forward,” she reported.

    What is happening with the ceasefire?

    The US-Iran ceasefire began on April 8 after nearly six weeks of US and Israeli strikes on Iran and retaliatory Iranian attacks against Israel and across the Gulf region.

    The two sides held talks in Islamabad on April 11 aimed at securing a permanent deal, but they ended after 21 hours with no breakthrough.

    After repeated threats of restarting the war if Iran did not heed Washington’s demands, Trump extended the ceasefire on Tuesday without a set deadline, saying he was in no rush to conclude a peace deal with Iran.

    While the truce has held for the most part, the two sides continue to accuse each other of violations.

    Iranian forces, which have essentially blocked the Strait of Hormuz, have captured commercial vessels, and the US has intercepted or detained ships suspected of violating its naval blockade of Iranian ports just one week after the ceasefire went into effect.

    The naval blockade is seen by Iran as a breach of the ceasefire. Tehran has warned that reopening the Strait of Hormuz is impossible as long as the blockade remains in place.

    The critical waterway has become a central dispute in the conflict. One-fifth of the world’s oil and liquefied natural gas supplies were shipped through the strait, which links the Gulf to the Arabian Sea, before the war began.

    Iran insists on sovereignty over the waterway, which lies within the territorial waters of Iran and Oman. It has also floated the idea of levying tolls while Washington demands full freedom of navigation. The Gulf nations, which export most of their petroleum through the strait, have opposed the Iranian plan to impose tolls.

    Another key issue is the debate over Iran’s stock of enriched uranium.

    The US and Israel are pushing for zero uranium enrichment and have accused Iran of working towards building a nuclear weapon while providing no evidence for their claims.

    Iran has insisted its enrichment effort is for civilian purposes only. It is a signatory to the 1970 Treaty on the Non-Proliferation of Nuclear Weapons, and Tehran says it has the right to pursue a civilian nuclear programme. But according to the International Atomic Energy Agency, the global nuclear watchdog, Iran has enriched uranium to 60 percent, a level that is far higher than what is needed for civilian use.

  • Bitcoin whales build long positions as funding stays deeply negative

    The biggest traders on Hyperliquid have been building a long bitcoin position for two months, and the price chart is starting to break their way.

    Glassnode data shows whale positioning on Hyperliquid, the onchain perpetual futures exchange, flipped from net short to net long in early March and has stayed long ever since, with the size of the long bias increasing through April.

    The shift coincides with bitcoin grinding higher from the mid-$60,000s in February to a brush near $80,000 earlier this week.

    Hyperliquid has, in the past year, become the onchain venue of choice for traders running large positions, and a sustained long bias from that cohort tends to lead spot bitcoin price action by days to weeks rather than follow it.

    The flip to net long in early March preceded the recovery from the mid-$60,000s. The positioning is now the most aggressively long it has been across the dataset.

    Bitcoin perpetual swap funding across major exchanges sits at -0.13% on a seven-day basis according to Coinglass, meaning shorts are paying longs to keep their positions open.

    That negative funding has held for roughly 47 consecutive days, one of the longest stretches of bearish derivatives positioning on record. Sustained negative funding matched with aggressive long positioning from Hyperliquid whales is the technical setup that produces short squeezes when spot prices break higher.

    In traditional finance, the S&P 500 closed at a record high on Friday, capping its longest weekly advance since 2024.

    In Pakistan, meantime, the weekend’s talks between Iran and the U.S. didn’t take place. President Donald Trump canceled his delegation’s trip to Islamabad after the Iranian foreign minister left the country before the U.S. group even set off.

    Treasury yields dropped as the Justice Department closed its probe into Federal Reserve Chair Jerome Powell, potentially clearing the path for Kevin Warsh’s confirmation as the next Fed leader.

    Quite where those developments leave the Hyperliquid long positions will become apparent over the coming hours and days.

  • Only 3% of traders drive prediction markets’ accuracy, not the crowd, study finds

    Only 3% of traders drive prediction markets’ accuracy, not the crowd, study finds

    The Green Beret arrested for betting on a classified U.S. raid looked like a one-off scandal for prediction markets. A new study suggests he may be a more troubling data point: an extreme example of the small group of informed traders who, as the soldier is accused of doing, actually move prices on Polymarket, while the crowd loses money around them.

    The study, part of a working paper released this week by Roberto Gómez-Cram, Yunhan Guo, Theis Ingerslev Jensen and Howard Kung of London Business School and Yale, directly tests the industry’s core claim that the markets work owing to the massed knowledge of their participants.

    Using every Polymarket trade from 2023 to 2025, the authors conclude that it’s actually a small group of informed traders that moves prices. The researchers analyzed 1.72 million accounts and $13.76 billion in trading volume, and found that just 3% of traders account for most price discovery, meaning they are the ones moving prices toward the correct outcome.

    These traders consistently predict outcomes and move prices in the right direction. The remaining 97% mostly do not. They provide liquidity and generate volume, but in aggregate, they are on the losing side of trades against the informed minority, whose profits come directly from those positions.

    The hard part is telling skill apart from luck. With more than a million traders on Polymarket, plenty will rack up big winnings by chance alone.

    To filter that out, the authors reran each trader’s bets 10,000 times, keeping everything the same except the direction.

    Same markets, same moments, same dollar amounts — but a coin flip decided whether to buy or sell. That gave them a benchmark for what each trader’s profits would look like with no real edge. If the actual results consistently beat the coin flip, that’s skill. If not, it’s luck.

    The findings show among the biggest winners by raw profit, only 12% beat the benchmark, and many apparent winners didn’t stay that way: Roughly 60% of “lucky winners” become losers when their performance is checked against a separate sample of events.

    Their activity improves market accuracy. When skilled participants account for a larger share of trading, prices move closer to the correct outcome, especially in the final stretch before resolution. They are also the first to react when new information hits, shifting positions in response to events like Federal Reserve announcements or corporate earnings, while other traders show little consistent reaction.

    The same edge that makes skilled traders valuable to price discovery raises a harder question when that information isn’t public, or isn’t supposed to be.

    Both Polymarket and Kalshi have said that trading on non-public information is strictly against their rules.

    The paper grounds that risk in a concrete case: The U.S. removal of Nicolás Maduro from power in Venezuela in January. In the days and hours before the operation, three newly created Polymarket accounts piled into a contract asking whether Maduro would be removed. At the time, the market priced the odds at roughly 10%.

    The new accounts placed unusually large bets, including orders of tens of thousands of shares, before the price moved. When the raid happened, the accounts collectively made more than $630,000. Two stopped trading entirely soon after, and the third went mostly dormant. There is no evidence of any wrongdoing on these accounts.

    Insider trades, when they occur, move prices even more aggressively per dollar, about seven-to-12 times more than typical skilled trades. But they are rare and concentrated in a handful of events, not the day-to-day engine of price discovery. Most of the time, the market’s accuracy still depends on repeat traders who consistently outperform rather than on one-off bets.

    The findings challenge the idea that prediction markets work because of crowds. They appear to work because of who is informed.

  • Freezing 5.6 million dormant bitcoin could trigger ‘worst’ single-day repricing

    Freezing 5.6 million dormant bitcoin could trigger ‘worst’ single-day repricing

    Freezing dormant bitcoin would trigger an immediate repricing and mark one of the world’s oldest cryptocurrency’s worst trading days since its 2009 launch, advocates told CoinDesk.

    Bitcoin developers and crypto industry participants have debated for weeks whether they should freeze dormant tokens to protect them against the risk of theft through quantum computing, whenever those machines begin going online.

    “Freezing any coins, even ‘lost’ ones, tells the market that all (roughly) 19.8 million $BTC currently in circulation are conditionally owned,” said Samuel “Chad” Patt, who is also the founder of Op Net. “Institutional risk desks do not care about the reason, they care about the precedent.”

    Read more: A simple explainer on what quantum computing actually is, and why it is terrifying for bitcoin

    Although Jason Fernandes, a market analyst who describes himself as a pragmatic maximalist, said he agrees with Patt’s repricing thesis, he said he believes that a successful quantum attack would trigger a far more severe repricing.

    “Institutions won’t just price precedent, they’ll price whether the system can survive a break in its core assumptions,” added Fernandes, also the co-founder at AdLunam.

    Mati Greenspan, also a self-described maximalist and a market analyst, said that if “quantum computers ever crack early Bitcoin wallets, it won’t trigger a rollback or a freeze; it will trigger the largest bug bounty in human history.”

    The debate follows weeks of discussion over how to respond to the potential threat quantum computing poses to the bitcoin network, particularly the estimated 5.6 million $BTC. These tokens are held in wallets that have been dormant for more than a decade, in addresses that have not been upgraded and, therefore, are the most vulnerable in the event that quantum computing attacks become a reality.

    A week ago, Jameson Lopp, a core Bitcoin developer and research analyst, told CoinDesk he would prefer to see the dormant bitcoin, worth roughly $440 billion, frozen by the network than left at risk of being stolen by future quantum hackers. He said he already sees those bitcoin as being lost.

    Lopp and a team of other core bitcoin developers released Bitcoin Improvement Proposal 361 (BIP-361) earlier this month. The proposal contemplates phasing out bitcoin’s current cryptographic signatures, potentially freezing assets that fail to migrate.

    ‘Instant’ repricing

    If that were to proceed, Patt said, “bitcoin’s repricing would be instant, not gradual and would be the worst single day in bitcoin’s history, but not because of a hack, but because the network will have proven its core value proposition is negotiable.”

    The bitcoin maximalist said all fund managers, “who allocated on the censorship-resistance thesis, would be forced to unwind. Not by choice, but by mandate, because the asset no longer fits the risk profile it was purchased under.”

    Read more: To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing

    Another bitcoin maximalist, Kent Halliburton, CEO and co-founder at SazMining, said he believes the intentions behind BIP-361 are good.

    “However, you don’t defend Bitcoin by breaking its core promise of inviolable property rights,” he said. “We operate data centers on four continents, and our clients own every machine. That model only works because Bitcoin guarantees unconditional ownership.”

    Halliburton said he believes, as many others do, that the quantum computing threat is real, but that there are better ways to deal with the risks it poses, such as better tooling and voluntary migration, “but not a protocol-level confiscation dressed up as a contingency plan.”

    Deeply flawed

    Khushboo Khullar, venture partner at Lightning Ventures and a bitcoin maximalist as well, said freezing dormant coins is a deeply flawed approach, despite appearing to be a pragmatic approach against quantum threats.

    “It directly undermines Bitcoin’s core principles of immutability, permissionlessness, and no central enforcement. Such a move would require a contentious hard fork, violating the network’s decentralized ethos where no one can unilaterally seize or freeze anyone’s coins,” she said.

    However, not all maximalists agree with Patt, Halliburton or Khullar, and instead believe Lopp’s proposal is sensible.

    “It’s extremely challenging to build systems that are truly future-proof, and while Bitcoin has come quite close, quantum may pose a threat that requires tradeoffs participants won’t be happy with.” said Ken Kruger, founder and CEO of Moon Technologies.

    “So far there’s no solution that doesn’t include compromise: freeze funds or let them be stolen? If solved elegantly, this could be a critical moment Bitcoin proves its resilience as a global monetary system,” he said.

    Bitcoin could still evolve

    Fernandes said he understands Patt’s and other maximalists’ points on precedent, adding that it is a real concern among the bitcoin community when discussing the network’s censorship-resistance ethos. In fact, he added, “I don’t think there is time; I think quantum will be upon us way faster than anybody thinks.”

    “However, framing this as a question of purity misses the bigger issue: quantum risk is an existential threat to the system, not a philosophical debate,” Fernandes said. He believes bitcoin could evolve as it has in the past with SegWit and Taproot, upgrades designed to improve the network’s efficiency, privacy and scalability.

    “The protocol isn’t ‘finished,’ it’s just conservative in how it changes,” he said. “But the risk of inaction far outweighs any concern about precedent or philosophical purity.”

    Ultimately, Fernandes believes very few people within the community care in the long run, and that the majority of bitcoin holders, whether maximalists or not, are “more interested in preserving capital rather than preserving some vague notion about what bitcoin is ‘supposed to be.’”

    Greenspan echoes what many of the maximalists ultimately prefer. “As with many cases in life, and especially with bitcoin, doing nothing is better than doing something.”

    He concluded: “The Bitcoin community seems to feel strongly that freezing coins would be antithetical to bitcoin’s quintessential value proposition.”

    Read more: How a quantum computer can be used to actually steal your bitcoin in ‘9 minutes’