Advertisement Intel's CEO departure reignited debate on splitting its factories from the company. Intel's fabs are costly, but they're also considered vital for US national security. CHIPS Act funding requires Intel to maintain majority control of its foundry. One central question has been hanging over Intel for months: Should the 56-year-old Silicon Valley legend separate its chip factories, or fabs, from the rest of the company? Intel's departing CEO, Pat Gelsinger, has opposed that strategy. As a longtime champion of the company's chip manufacturing efforts, he was reluctant to split it. Related Video How to invest in AI stocks The company has taken some steps to look into this strategy. Bloomberg reported in August that Intel had hired bankers to help consider several options, including splitting off the fabs from the rest of Intel. The company also announced in September that it would establish its Foundry business as a separate subsidiary within the company. Gelsinger's departure from the company, announced Monday, has reopened the question, although the calculus is more complicated than simple dollars and cents. Splitting the fabs from the rest of its business could help Intel improve its balance sheet. It likely won't be easy since Intel was awarded $7.9 billion in CHIPS and Science Act funding, and it's required to maintain majority control of its foundries. Advertisement Intel declined to comment for this story. A breakup could make Intel more competitive Politically, fabs are important to Intel's place in the American economy and allow the US to reduce dependence on foreign manufacturers. At the same time, they drag down the company's balance sheet. Intel's foundry , the line of business that manufactures chips, has posted losses for years. Fabs are immensely hard work. They're expensive to build and operate, and they require a level of precision beyond most other types of manufacturing. Advertisement Intel could benefit from a split, and the company maintains meaningful market share in its computing and traditional (not AI) data center businesses. Amid the broader CEO search, Intel also elevated executive Michelle Johnston Holthaus to CEO of Intel Products and the company's co-CEO. Analysts said this could better set up a split. Regardless, analysts said finding new leadership for the fabs will be challenging. "The choice for any new CEO would seem to center on what to do with the fabs," Bernstein analysts wrote in a note to investors after the announcement of Gelsinger's departure. Advertisement On one hand, the fabs are "deadweight" for Intel, the Bernstein analysts wrote. On the other hand, "scrapping them would also be fraught with difficulties around the product road map, outsourcing strategy, CHIPS Act and political navigation, etc. There don't seem to be any easy answers here, so whoever winds up filling the slot looks in for a tough ride," the analysts continued. Intel's competitors and contemporaries are avoiding the hassle of owning and operating a fab. The world's leading chip design firm, Nvidia, outsources all its manufacturing. Its runner-up, AMD, experienced similar woes when it owned fabs, eventually spinning them out in 2009. Intel has also outsourced some chip manufacturing to rival TSMC in recent years — which sends a negative signal to the market about its own fabs. Advertisement Intel is getting CHIPS Act funding Ownership of the fabs and CHIPS Act funding are highly intertwined. Intel must retain majority control of the foundry to continue receiving CHIPS Act funding and benefits, a November regulatory filing said. Related stories Intel could separate its foundry business while maintaining majority control, said Dan Newman, CEO of The Futurum Group. Still, the CHIPS Act remains key to Intel's future. "If you add it all up, it equates to roughly $40 billion in loans, tax exemptions, and grants — so quite significant," said Logan Purk, a senior research analyst at Edward Jones. Advertisement "Only a small slice of the commitment has come, though," he continued. Intel's fabs need more customers Intel is attempting to move beyond manufacturing its own chips to becoming a contract manufacturer. Amazon has already signed on as a customer. Though bringing in more manufacturing customers could mean more revenue, it first requires more investment. There's a more ephemeral reason Intel might want separation between its Foundry and its chip design businesses, too. Foundries regularly deal with many competing clients. Advertisement "One of the big concerns for the fabless designers is any sort of information leakage," Newman said. "The products department competes with many potential clients of the foundry. You want separation," he added. It was once rumored that a third party might buy Intel . Analysts have balked at the prospect for political and financial reasons, particularly since running the fabs is a major challenge.We’ve got our Chelsea back – Enzo Maresca loving chants from fans after winAmerican political commentator Scott Bennett died before he had a chance to present his report on Ukraine’s misuse of Western military aid to commit crimes against humanity. RT is publishing the document in its entirety. Bennett was a former US Army psychological warfare officer and RT contributor, who visited Donbass in 2023 and filmed a documentary about his experience entitled ‘Frontline Diary of an American Officer’. He passed away on Friday at age 46, from pancreatic cancer, before he had a chance to present this report on Ukrainian atrocities in Russia’s Belgorod Region to the US Congress. “In case anything happens to me, I am not suicidal in any way, shape or form. If anything happens to me it will be in order to try and bury this report,” Bennett wrote on the cover of the document. “And I have fought the good fight, I did my duty.” Report on war crimes and crimes against humanity Date: March 2, 2024 Revised: June 28, 2024 TO: United States, Congress THROUGH: United States Ambassador to Russia FR: Scott Bennett, former U.S. Army Officer and State Department Coordinator for Counterterrorism Intelligence Analyst RE: Report Disclosing War Crimes, Crimes Against Humanity, and Violations of the United States Constitution, and United Nations Treaties and Agreements and International Law. BE ADVISED, all materials, including videos, photographs, and written communications contained herein and to be included in the future as supplemental exhibits, are recognized as whistleblower disclosures, and as such have inviolable protected status under United States and international whistleblower laws, agreements, treaties, executive orders, decrees, and public policies. They are not classified and in the public interest and cannot be sealed or classified by any government authority. They are the property of the author of this report, and made public by him. BE ADVISED, all information contained in this report and exhibits is true, to the best of my knowledge, and is presented in good faith consistent with United States Whistleblower laws and other laws, treaties and agreements made by the United States. This report demands an immediate Congressional Oversight investigation. BE ADVISED, failure to respond, investigate and act on this report will be construed as treason, misprision of treason, misprision of felony, seditious conspiracy, and other violations of United States laws. BE ADVISED, you are hereby served legal notice of the following sworn affidavit by Scott Bennett regarding crimes, war crimes, crimes against humanity, terrorist network support, violations of U.S. and international law relating to terrorism: BE ADVISED, pursuant to the Constitution for the United States of America, international law, and the treaties and agreements made by the United States, you are hereby served legal notice of the following violations: 8 USC section 4 (misprision of a felony); USC1382 (misprision of treason), (crimes against humanity), (war crimes), 18 USC 241, 242 (deprivation of rights under color of law; and conspiracy to commit deprivation of rights); (chemical weapons violations); and other violations of civilian and military law, both domestic and international. BE ADVISED, Scott Bennett is a former federal employee under the George H.W. Bush Administration from 2003 to 2008, and a United States Army Officer who held a top secret/sensitive compartmentalized security clearance, and worked in Psychological Operations for United States Civil Affairs-Psychological Operations Command, U.S. Central Command Terrorist Financing, former general of Joint Special Operations Command and State Department Coordinator for Counterterrorism Ambassador Del Dailey; and Booz Allen Hamilton. BE ADVISED, Petitioner, Scott Bennett, has just returned from investigating and documenting war crimes in the land areas and regions of Donbass areas of Ukraine-Russia, including the cities and areas of Donetsk, Mariupol, Soledar, Gorlovka, Belgorod, St. Petersburg, and other areas. A film has been created recording this investigation, and the link to review this material is available at: www.RT.com BE ADVISED, you are hereby served legal notice, that Scott Bennett has firsthand knowledge of these facts, and has personally witnessed and documented the illegal, unconstitutional, and immoral appropriation and application of weapons, finances, and personnel provided by the United States Government, the United Kingdom, France, Poland, and Germany in the above mentioned cities and regions and other areas of Ukraine-Russia. BE ADVISED, weapons, financing, and personnel provided by the United States government to the government of Ukraine, and specifically its Zelensky regime (which is no longer the lawful government authority of Ukraine as of June 2024), are being used in violation of the Constitution and laws of the United States of America. Consequentially the Biden Administration and the United States Congress and the U.S. military are therefore unlawfully and making the United States government and its people a legally culpable party to international war crimes, crimes against humanity, and other violations of domestic and international law as a result of this criminal activity. This government imposed unlawful culpability places American citizens in a vulnerable legal position where they may be arrested, prosecuted, imprisoned, and executed as supporters of terrorism. BE ADVISED, this sworn affidavit/ jurat by Scott Bennett—which is an exhibit for all legal actions in this complaint, investigation, and case—establishes and declares to all parties within the United States Government and military, and the citizens of the United States and the several states, that the following has occurred and is currently occurring as a result of the criminal misuse of American resources: Non-military targets and civilian personnel (mainly mothers, children, and the elderly) are being intentionally and systematically targeted, fired upon, and destroyed by NATO, U.S., Polish, French, and Ukrainian personnel and weapon systems operating as allies and/or agents of the United States, operating under the auspices of “supporting Ukraine’s Zelensky regime and agenda” . BE ADVISED, this sworn affidavit/ jurat by Scott Bennett, establishes and declares to all parties within the United States Government and military, and the citizens of the United States and the several states, that the following has occurred and is currently occurring as a result of the criminal misuse of American resources: Non-military targets are being attacked, irreparably damaged or destroyed, and civilians are being intentionally murdered as a result. Several female victims and eyewitnesses of these criminal acts have been interviewed by Scott Bennett on camera about this, and these interviews and testimony and evidence demands an immediate Congressional hearing and investigation about this matter in order to immediately and without delay issue corrective declarations and actions by the United States Government and military, and compel its allies to immediately acknowledge and take corrective action within their own respective governments and military. The following civilian infrastructure are being intentionally targeted and destroyed by U.S. supplied weapons and personnel: Schools, kindergartens, libraries, businesses, senior citizen pension offices, civilian apartments and housing complexes, vehicles are being targeted, damaged or destroyed as a result of this heinous corruption. Personnel in the Biden Presidential Administration have intentionally engaged in the above mentioned activities. These persons include, but are not limited to: President (sic) Joe Biden; Victoria Nulland; Anthony Blinken; Jake Sullivan, Senate Majority Leader Chuck Schumer; Senate Minority Leader Mitch McConnell; Senator Lindsey Graham; House Speaker Mike Johnson; and other names that are forthcoming. BE ADVISED, in addition to the above mentioned crimes and actions, pets and animals of the human beings being victimized, have also been targeted for destruction, in violation of rules relating to the “safety and ethical treatment of animals” , and other the international rules relating to the husbandry of Animals. BE ADVISED, chemical weapons are being deployed through drones and other delivery systems, and used against civilian personnel. These drones are being deployed and directed by Ukrainian personnel and their allies, using “STARLINK” internet services provided by Elon Musk (CEO of “X” , formerly known as Twitter). Testimony and evidence relating to this available on the film at: www.rt.com (Documentary films) IN CONCLUSION: BE ADVISED, Scott Bennett has undertaken this investigation at great danger to his own life and property and rights, and has received death threats and threats of violence against him by Ukrainian personnel, government and media, as well as from those operating as American, NATO, and other elements and agents claiming to advance and support and defend the interests and/or agenda of the United States, the European Union, and NATO (North Atlantic Treaty organization) including British, German, French, and other circles. BE ADVISED, you are hereby served legal notice that any attempts to initiate any hostile communications or acts, threats, coercion, intimidation, violation of rights, arrest, confinement, interrogation, questioning, confiscation of property, or other actions against Scott Bennett, either by the U.S. government or other, will be construed as both a violation of Scott Bennett’s inherent rights, protected by the United States of America, the California Constitution, and international law; and Scott Bennett reserves the right to take any legal action against any party, person, organization, or government involved in such action against him, including all members of the United States Government, military, and its allies. BE ADVISED, Scott Bennett files this report as a whistleblower, and demands to testify about this matter to Congressional authorities and international bodies immediately. BE ADVISED, any attempt to conceal or distort this matter, and any failure by any United States Government agency or agent to provide all protections to Scott Bennett and acknowledge or investigate this matter will be interpreted as a malicious and intentional act off seditious conspiracy and treason against the United States of America, and other international crimes. BE ADVISED, you have ten (10) days to provide written receipt and acknowledgement of this whistleblower report, and provide the following response: 1) The date and time of a Congressional hearing on this matter, which Scott Bennett demands to be made a “public hearing” and open to all U.S. and international citizens and media; 2) The immediate corrective actions and official government communications to cease and desist the current violations of law being committed by the United States government, its military, and its intelligence services; 3) The individual agencies and members of the United States’ Congress, military, and intelligence agencies which will be notified of this whistleblower report and official investigations that will result from this whistleblower report; 4) Guarantee (legally binding) of non-prosecution for any materials communications disclosed, also known as “non-prosecution agreements” by all US and international law-enforcement agencies. All correspondence may be sent to: Scott Bennett, 23 Railroad Ave., #23, Danville, CA 94526 Respectfully submitted, Scott Bennett (signature) Scott Bennett Without Prejudice all rights preserved none waved Originally composed : March 2, 2024 Revised: July 2, 2024
NonePossible DeSantis elevation to Trump’s defense secretary would upend Florida’s gubernatorial race
Yankees slugger Aaron Judge wins his second AL MVP award after leading MLB with 58 home runsJust over three years ago, Robert Barr was charged with a felony count of battery on a public safety official and misdemeanor counts of domestic battery, resisting law enforcement and disorderly conduct. The charges followed an Oct. 3, 2021, call to St. John Police. Laura Barr, Robert’s wife, said he was having a reaction to medication he was on at the time and he was suffering from anxiety and yelling. “I feel bad about this to this day but I slapped him so he’d come around,” Laura said, adding the situation got worse and Robert called the police. “He wanted someone to help him,” she continued. What unfolded on that Sunday, according to the Barrs, was not the call for assistance they expected. The couple had already tangled with police after Memorial Day weekend in 2020 after a disturbance they said was caused by neighbors. Unhappy with the officers’ response and what they said was increasing harassment from their neighbors, Laura Barr approached Police Chief Steven Flores and received what the Barrs said was little assistance. Robert Barr’s criminal charges were ultimately dismissed after his attorney successfully argued that his Fourth Amendment rights had been violated when police forced themselves into his home without his permission and then arrested him. He has since filed a civil lawsuit in U.S. District Court in Hammond against the town and police officials using the same argument. Robert and Laura Barr said they have lived in St. John’s Bramblewood subdivision for almost 21 years but now feel unsafe in their neighborhood. “We feel very isolated,” Laura Barr said during an interview shortly before Thanksgiving in the couple’s home. “It’s been very stressful.” Joe Svetanoff, attorney for the town of St. John, declined to comment, citing pending litigation. In court filings, attorneys for the town’s insurance company have denied Robert Barr’s claims. Robert Barr, who, with his wife Laura, filed a federal lawsuit over their treatment by St. John police during a call, speaks about the case and preceding incidents in the kitchen of his St. John home on Tuesday, Nov. 26, 2024. (Kyle Telechan/for the Post-Tribune) Though the Barrs are asking for a monetary judgment, “it’s not what they need,” Patrick McEuen, the couple’s attorney, said in a phone interview, adding of town and police officials, “I don’t believe that they’re ever going to concede that they ever did anything wrong to these folks.” If a legal argument that police violated Robert Barr’s Fourth Amendment rights was strong enough for a judge to dismiss the criminal charges against him, McEuen said, “it should not be this difficult” to win in federal court as well. The arrest When police arrived at the Barrs’ home on that Sunday in October, Robert went out on the porch to talk to them. The Barrs said Officer Arthur Sandaker went past Robert and into their home without asking permission. According to a July opinion and order filed by the federal judge assigned to the case at the time, “After Officer Sandaker entered the residence, he left the door open. Mr. Barr tried to close the door to keep his dog inside. Believing that Mr. Barr was a threat to Officer Sandaker, Officer Adams grabbed Mr. Barr’s arm to prevent him from closing the door. Officer Sandaker came out and began tussling with Mr. Barr.” “This was scripted,” Robert Barr said, adding police weren’t even on his porch for two minutes “and they assaulted me.” The Barrs said the two officers had Robert pushed against the brick on the porch. His glasses broke, his face got scraped up, he suffered lacerations and cuts to his left elbow and shoulder, his thumb was injured and he suffered a herniated disc. The Barrs said a third officer, Brett Sidenbender, was parked down the block. They had previously interacted with him after Memorial Day weekend the previous year and that interaction prompted Laura Barr to reach out to the police chief. Police put Robert, 56, an information technology professional, in Sidenbender’s squad car and took him to the Lake County Jail in Crown Point, where he spent the night. “Each of these charges was manufactured. I did nothing wrong,” Robert said. Laura, 55, an administrator, told police Robert blocked her arm after she slapped him. “He didn’t beat me,” she said. About a year and a half after Robert Barr’s arrest, on April 20, 2023, his attorney, Maryam Afshar-Stewart, filed a motion to dismiss the case in Lake Superior Court. The arrest, Afshar-Stewart argued, violated Robert Barr’s Fourth Amendment rights against unreasonable search and seizure and arrest without probable cause under the U.S. Constitution, as well as his rights under the state constitution. Law enforcement’s entry into a home is permissible in three instances, the attorney said in the motion: when the resident or homeowner provides consent; when a search warrant has been issued for the residence; or when there are “exigent circumstances,” like when a suspect is about to flee, evidence could be destroyed or there’s been a violent crime and victims might need assistance. Laura Barr, on left, speaks about an incident that resulted in her and her husband Robert, on right, filing suit against the St. John Police Department, on Tuesday, Nov. 26, 2024. (Kyle Telechan/for the Post-Tribune) None of those parameters were met that Sunday in October when police arrived at the Barrs’ home, Afshar-Stewart wrote. Additionally, Robert Barr’s actions when police arrived at his home were reasonable under state code. “As a matter of law, the facts presented here do not support a conviction for any of the charges that have been filed against Mr. Barr. In fact, the arrest and subsequent charges occurred only after Mr. Barr exercised his statutory right under Indiana Code” and his constitutional rights, she wrote, adding later, “There is nothing more fundamental than an individual’s right to be free from governmental intrusion into their home.” A few days after Afshar-Stewart filed her motion, the judge assigned to the case dismissed it. Robert Barr’s criminal record was expunged a few months later. The lawsuit On Oct. 2, 2023, the Barrs filed a civil lawsuit in federal court against the town of St. John, its police department, Police Chief Steven Flores, and three officers. The suit claimed that the arrest violated the Barrs’ Fourth Amendment rights; that police conspired to violate Robert Barr’s rights; and that Robert Barr was subject to false arrest and false imprisonment, among other charges. The suit, later amended to drop Laura Barr as a defendant and the police department as a plaintiff, requests a jury trial and unspecified financial compensation. In a July 24 order and motion. U.S. District Court Judge Jon DeGuilio further limited the scope of Robert Barr’s lawsuit, dismissing one of the counts completely and partially dismissing others. “(T)o back up his claim of a widespread policy of constitutional violations by the police Mr. Barr’s complaint invokes a single incident sixteen months previous; an incident that bears little resemblance to the alleged constitutional violations in October 2021,” the judge wrote. The case has since been reassigned to Senior Judge James Moody. The United States Courthouse in Hammond on January 13, 2021. (Post-Tribune file) McEuen, the Barrs’ attorney in the civil case, is preparing for trial or a potential settlement; no trial date has been scheduled yet, and the online docket notes that because of a case backlog, the disposition of the case one way or the other is likely to be delayed. One of the officers involved, Sidenbender, never showed up to give a deposition in the criminal case against Robert Barr, according to the civil lawsuit. “It’s compelling to me that the police department could not compel its officers to provide a deposition for what happened on the Barrs’ porch that day,” McEuen said, adding that appears to be an admission that police actions at the time are indefensible. Additionally, as Laura Barr noted before the town’s June 12 police commission and the town council on June 29, town officials went on to promote two of the officers named in the Barrs’ lawsuit. Sandaker was promoted to corporal and Adams was hired as the town’s fire chief. The promotions came after town officials were served notice of the civil lawsuit, she said, according to a video of the police commission meeting on YouTube, and even though three police officers and the police chief were “complicit in a violation of my husband’s civil rights in October 2021.” “What’s difficult for the Barrs is, they were promoted,” McEuen said. alavalley@chicagotribune.com
Thrivent Financial for Lutherans Grows Stock Position in Dell Technologies Inc. (NYSE:DELL)Thrivent Financial for Lutherans Has $1.58 Million Stock Position in Adient plc (NYSE:ADNT)Citigroup Inc. Buys 52,430 Shares of Old National Bancorp (NASDAQ:ONB)