Jewelery stocks lose sheen; drop for 2nd day

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Jewelery stocks declined for the second day on Tuesday, with Thangamayil Jewelery tumbling over 8 per cent, after Prime Minister Narendra Modi called for postponing the purchase of gold for one year to save foreign exchange amid the West Asia crisis.

Shares of Thangamayil Jewelery plunged 8.32 per cent, Senco Gold plunged 6.39 per cent, PC Jeweler 6.19 per cent, Kalyan Jewelers 6.10 per cent, Sky Gold And Diamonds 5.94 per cent, Tribhovandas Bhimji Zaveri 5.89 per cent and Titan Company declined 3.60 per cent on the BSE.

Jewelery stocks had faced massive selling pressure on Monday also, with Kalyan Jewelers tumbling over 9 per cent.

Amid a widespread sell-off, the 30-share BSE Sensex tanked 1,456.04 points, or 1.92 per cent, to settle at 74,559.24. The 50-share NSE Nifty dropped 436.30 points, or 1.83 per cent, to end at 23,379.55.

Prime Minister Modi had on Sunday called for judicious use of fuel, postponement of gold purchases and foreign travel, among other measures, to conserve foreign exchange amid the West Asia crisis.

“Sectorally, the damage remained widespread. Consumer durables, jewellery, and travel-linked counters witnessed heavy selling pressure as markets began pricing in weaker discretionary spending and tighter household budgets in the coming quarters,” Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.

Published on May 12, 2026

Texas Gov. Abbott recruits New York firms amid Mamdani tax proposals


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As New York City Mayor Zohran Mamdani continues to advance policies targeting wealthy executives, Texas Gov. Greg Abbott is reminding billionaires that everything is bigger in Texas – including economic opportunity.

Abbott is pitching his state as a refuge from liberal measures Republicans attribute to driving businesses out of the Empire State.

For New York, the stakes are high: even a modest outflow of firms and top earners could dent tax revenues and reshape the city’s role as a global financial hub. For Texas, the influx could mean more jobs, investment and economic clout.

Against that backdrop, Abbott’s office is making an aggressive case for relocation.

Governor Abbott is proud to welcome businesses and job creators from across the country to Texas, where we have no state income tax, reasonable regulations, and a pro-growth environment that encourages free enterprise to flourish,” the governor’s press secretary Andrew Mahaleris told Fox News Digital.

TAX FIGHT PUTS CALIFORNIA ON COLLISION COURSE AS BILLIONAIRES LEAVE FOR RED STATES

Greg Abbott aside from Zohran Mamdani

Texas Gov. Greg Abbott (left), a Republican, is creating an offramp for New York businesses fleeing new policies by socialist New York City Mayor Zohran Mamdani (right). (Houston Chronicle/Hearst Newspapers via Getty Images; Adam Gray/Bloomberg via Getty Images)

Mahaleris gave insight into Abbott’s business philosophy, saying that “punitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas.”

Abbott has made attracting out-of-state businesses a cornerstone of his economic strategy, a push that has paid off as Texas continues to draw firms and executives to relocate from higher-tax states. Just last week, Dell Technologies announced a unanimous decision by its board to change the company’s legal home from blue enclave Delaware to the Lone Star State.

Abbott celebrated the decision in an X post, saying, “Welcome home, @Dell” and “This is what happens when job creators and innovators are welcomed, not punished.”

The governor noted that “more businesses are sure to follow.”

That kind of growth matters politically. It signals rising living standards, a stronger tax base and greater leverage to fund infrastructure, education and other priorities without raising taxes.

And the results are reflected in the data.

Texas’ economic output per person jumped more than 10% from 2021 to 2024, according to federal data. Meanwhile, liberal states like California saw far smaller gains over the same period.

Abbott is leaning into that growth as he works to lure firms and capital away from states like New York.

FROM FREE BUSES TO CITY-OWNED GROCERY STORES, HERE ARE MAMDANI’S KEY ECONOMIC PROMISES

Texas GOP Gov. Greg Abbott has criticized cities that adopt sanctuary ordinances to shield illegal immigrants from authorities.

Texas GOP Gov. Greg Abbott during a news conference. (Jay Janner/The Austin American-Statesman)

Concerns have mass exodus from left-leaning cities and states have been thrust into the spotlight by a high-profile clash between Mamdani and billionaire Ken Griffin, who leads Citadel, one of the world’s most powerful hedge funds.

The dispute was sparked by a viral April 15 video where Mamdani promoted higher taxes on non-primary residences worth more than $5 million in New York City. He specifically singled-out Griffin’s record-setting $238 million Manhattan penthouse and filmed outside the 24,000-square-foot Central Park South property.

Mamdani pointed to the unit as an example of the luxury second homes that would face additional annual fees under his proposal.

Griffin later blasted the video as “creepy and weird,” saying at the Milken Institute Global Conference on May 6 that he watched it multiple times. He also said Citadel is reassessing its planned $6 billion Manhattan office tower, while continuing to expand in the red state of Florida, which he called “unquestionably” the right choice.

Mamdani has backed a slate of progressive proposals, including higher taxes on high-value properties, expanded tenant protections and measures aimed at curbing wealth inequality in the city.

CHICAGO KNOWS WHAT HAPPENS WHEN KEN GRIFFIN TURNS ON A CITY, NOW MAMDANI MAY FIND OUT

A side by side photo of NYC Mayor Zohran Mamdani and Ken Griffin.

The Citadel founder is clashing with New York City Mayor Zohran Mamdani over taxes targeting the ultra-wealthy and intensifying crime, reviving the same tensions that drove him to pull his business and billions out of Chicago. (Spencer Platt/Aaron Schwartz/Bloomberg/Getty Images / Getty Images)

The clash is familiar ground for Griffin, who has long warned that policies targeting the ultra-wealthy and rising crime can drive business out of major cities. Those concerns prompted him to move Citadel’s global headquarters from Chicago to Miami in 2022, highlighting how quickly jobs, investment and influence can follow.

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For Chicago, Griffin’s move resulted in the steady erosion of one of its most prominent corporate anchors — shrinking office space, relocating employees and the departure of a billionaire who once poured hundreds of millions into the city’s institutions and politics. It also meant fewer high-paying finance jobs downtown and the disappearance of a major civic and cultural benefactor.

A similar dynamic could play out in New York City, home to nearly 9 million and the world’s financial capital, where the loss of firms and top earners could cost jobs, drain tax revenue and shake the economy.

In the nation’s largest city and a global financial center, the outcome of Mamdani’s proposals could shape not only the future of New York‘s housing market, but also broader debates over regulation, taxation and urban policy.



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Lawsuit brought by former store operators missing from Vodafone results

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Former franchise operators claim telco unfairly cut commission and other payments

Vodafone has not listed a potential liability in its 2026 financial results stemming from a legal claim by franchise operators who allege they were harmed by company-imposed business decisions.

The Fairer Franchise campaign group represents 62 current and former Vodafone franchisees, who are bringing an £85 million ($115 million) High Court claim, alleging the telco unilaterally cut commissions and overhauled the way it compensated them for operating Vodafone-branded stores, often without consultation.

The claimants, some of whom are former employees of Vodafone, say they were encouraged to invest heavily in Vodafone stores after the firm established a franchise program in mid-2017. This expanded to around 400 branches, 183 of which were operated by the claimants in the case.

Vodafone is alleged to have repeatedly and unilaterally cut the commissions paid to franchisees for sales of its products and services, particularly from July 2020 onward. The group also claims Vodafone changed remuneration models without consultation or proper consideration of the impact this would have on the franchised businesses.

In particular, the claimants allege Vodafone unlawfully clipped remuneration from August 1, 2020, by reducing the commission rates on customer and home broadband upgrade transactions, and that it restructured the calculation of commission to franchisees in a manner beneficial to itself, as part of the rollout of a scheme called “EVO” in June 2021.

At the heart of the case is the group’s claim that the franchisees were effectively “commercial agents” of Vodafone – within the meaning of the Commercial Agents Regulations – because they sold products and contracts on Vodafone’s behalf. Vodafone denies this and says the regulations do not apply.

If the High Court rules that they are applicable, the franchise operators may be entitled to termination indemnities that the claimants estimate could be worth up to £52 million ($70 million) alone.

The group says Vodafone has already conceded aspects of the claim in court, including admitting breach of contract in relation to rent-free periods for some stores that were not passed on to the franchisees.

A spokesperson for the Fairer Franchise group told The Register: “Vodafone has again failed to disclose our £85 million High Court claim as a contingent liability in today’s results, while quietly paying more than £20 million to other franchisees with no explanation, and after admitting it breached our contracts over rent-free periods never passed on to us.”

“We are 62 people who lost our businesses, our savings, and in many cases our health. As VodafoneThree prepares to reshape two retail estates, the question for investors and analysts is whether this management team should press ahead while serious allegations about its treatment of franchisees remain unresolved.”

The next hearing is scheduled for July 9. The Register asked Vodafone for a statement regarding the group’s claims and why it did not mention the case as a potential liability in its financial results.

In its results report published Tuesday, Vodafone says: “Legal proceedings where the Group considers that the likelihood of material future outflows of cash or other resources is more than remote are disclosed below. Where the Group assesses that it is probable that the outcome of legal proceedings will result in a financial outflow, and a reliable estimate can be made of the amount of that obligation, a provision is recognized for these amounts.”

For the UK, Vodafone lists two lawsuits. One involves alleged overcharging of customers who signed contracts that included both a handset and airtime. The other covers alleged collusion between the major UK mobile networks to withdraw their business from Phones 4U, causing its collapse. There is no mention of the Fairer Franchise case. 

Vodafone Group’s fiscal 2026 results showed an 8 percent year-on-year increase in revenue to €40.5 billion ($47.6 billion), attributed to strong services growth and the consolidation of Three UK. Service revenue grew 8.8 percent to €33.5 billion ($39.3 billion), although for the UK the rise was just 0.3 percent. ®



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BBC staff fear meagre pay rise after bosses forgo own increase | BBC

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BBC staff have been told their bosses will forgo a pay rise this year but fear the freeze will lead to a meagre increase for the rank and file, who have been urged to be realistic about the outcome of union negotiations.

Employees have been told that the corporation’s executive committee – its 12 highest-paid bosses including the director general, who were paid almost £5m in total last year – will have their pay frozen this year amid a £600m cost-cutting drive.

“Part of our [savings] plans is that members of the BBC executive committee will receive no annual pay award this year,” said Rhodri Talfan Davies, the interim director general, in an all-staff video meeting session. “[This is] recognising the scale of the financial challenge we have at the moment.”

The corporation is in the process of formulating plans to cut as many as 2,000 jobs in the biggest downsizing of the public service broadcaster in 15 years.

As part of Monday’s question and answer session, Davies was asked about what impact the cost-cutting drive would have on a promised pay rise for the BBC’s more than 20,000 staff.

The corporation has been in talks with staff unions, who have made a pay claim of a rise of 4.5%. Pay rises for rank and file staff, the vast majority of employees, come into force on 1 August each year. If negotiations are not finalised in time, pay is backdated after a deal is reached.

“We are in discussions with the trade unions regarding this year’s pay settlement,” said Davies, addressing concerns of a pay freeze raised by staff during the video session. “We are … committed to introducing an annual pay increase. But what I would say, these are exceptional circumstances at the moment, so we are going to be realistic and prudent about what is possible.”

Insiders said staff felt the freeze for top brass was meant to signal to staff not to expect a decent pay rise this year.

“By limiting the pay freeze to a small group of already very well-paid individuals – and not mentioning or including the hundreds in the senior leadership team – they are virtue signalling that even the lowest paid should not hope for much better,” one staffer said.

The latest staff update comes days before the arrival of Matt Brittin, the former top Google executive who takes over as the corporation’s new director general from 18 May.

Staff at divisions across the BBC are expected to receive more details about the level of cuts in June, and be told in September whether they have lost their job.

On Tuesday, Rachel Corp, the chief executive of ITN, which produces news for ITV, Channel 4 and Channel 5, announced that she was stepping down with immediate effect after four years.

The surprise announcement has added to speculation that Corp could replace Deborah Turness, who resigned as the head of BBC News in November.

In an email to staff, Corp indicated that she already had another job lined up. “This has not been an easy decision, and it’s one I have been considering for some time,” said Corp, who has spent three decades in various roles at ITN. “I am excited for what comes next, not just for me (watch this space!) but also for ITN.”

Turness and the previous BBC director general, Tim Davie, jointly announced their resignations after a former adviser to the corporation accused it of “serious and systemic” bias in its coverage of issues including Donald Trump, Gaza and trans rights.

Turness, a member of the BBC’s executive committee who was paid £431,000 last year, has been replaced on an interim basis by Jonathan Munro, the BBC News global news director and director of the World Service.

The BBC declined to comment.



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Jimmy Kimmel demands to know why Colbert is being asked to defend late-night


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Late-night host Jimmy Kimmel demanded to know why Stephen Colbert was being asked to make a case for Late Night’s existence during “The Late Show” alongside Seth Meyers, Jimmy Fallon and John Oliver on Monday.

Colbert said he had been asked to make the case for late-night television several times in interviews leading up to his show’s end. He posed the question to the other members of the late-night TV community during their joint appearance on Monday. 

“I would say I look at the figures, and the fact of the matter is more people are watching late-night television now — I know everybody gets crazy — than when Johnny Carson, obviously Johnny Carson had a lot of people watching one show. But we have a lot of shows, 30,000 people watching each one, and it adds up. People watch us on YouTube now. People have a lot of different options, and yet they still, they keep coming to us,” Kimmel said. 

“Why should you have to defend late night? Why should that question even be asked?” Kimmel asked Colbert. “Like Ryan Seacrest doesn’t get asked [about] ‘Wheel of Fortune’ or whatever the hell he’s hosting.”

Late-night hosts join Colbert

Jimmy Kimmel, Seth Meyers, John Oliver and Jimmy Fallon appear on “The Late Show” with Stephen Colbert on May 11, 2026. (CBS/TheLateShow)

NEW PARAMOUNT CHIEF BACKS COLBERT CANCELLATION, SAYS LATE-NIGHT LANDSCAPE HAS ‘HUGE PROBLEM’

Colbert also asked the group of late-night hosts if there was anything the group hadn’t touched on in the appearance meant to mark the end of “The Late Show,” coming up on May 21.

“The outrage that your show is being thrown off the air?” Kimmel responded. “I am waiting for angry Stephen to come out. I want to see you go nuts.”

The audience then started chanting Colbert’s name.

“That’s exactly what they shouted at Bruce Banner in the lab before things went south,” Oliver chimed in, referencing the Marvel character Hulk. 

Kimmel added, “When this guy takes off his glasses and shakes out his hair, it’s the sexiest god—- thing that you’ve ever seen.”

Nexstar announces Kimmel show will not air

ABC’s “Jimmy Kimmel Live!” on Tuesday, Sept. 23, 2025. (Randy Holmes/Disney via Getty Image)

DEMOCRATS FAWN OVER STEPHEN COLBERT FOR HOLDING ‘TRUTH TO POWER’ AFTER CBS CANCELS SHOW

The late-night host also took shots at CBS during the appearance, noting that people canceled their Disney+ subscriptions when Kimmel was taken off the air.

“Why aren’t you people canceling Paramount+? Because you didn’t have it in the first place?” Kimmel quipped.

Fox News Digital reached out to Paramount for comment but did not immediately hear back. 

Kimmel told LateNighter that he won’t be airing a new episode the night of Colbert’s final show.

The late-night host did the same for David Letterman’s finale.

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Stephen Colbert speaking during an interview with host Seth Meyers on a television set

Stephen Colbert appears in an interview with host Seth Meyers on Meyers’ show on Jan. 27, 2026. (Lloyd Bishop/NBC)

CBS announced in 2025 that “The Late Show” would be canceled at the end of its season in May.

The network cited financial reasons for the show’s cancellation at the time. Many politicians and commentators suggested at the time it had to do with pressure from the Trump administration.

Colbert said in an interview with The Hollywood Reporter that while there does not appear to be definitive proof that his show was canceled for political reasons, he thinks it’s the most likely explanation.

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Despite acknowledging the traditional broadcast model was in trouble amid a changing media landscape, he suggested, “There are many people who believe there was another reason. And, as I said in the most measured tones I could muster, there is a reason why people believe that. The network had clearly already done it once by cutting that $16 million check [to the Trump administration].”



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French film industry at risk from the far right, say actors and directors | Movies

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More than 600 cinema figures have said the growing influence of the far right on French cinema production risks turning into a “fascist takeover of the collective imagination”.

In an open letter published in the newspaper Libération to coincide with the opening of the Cannes film festival, they said the billionaire Vincent Bolloré’s dominant position in French film production and distribution threatened the independence of the industry.

The actor-director Juliette Binoche, the director and photographer Raymond Depardon and the French-Iranian film-maker Sepideh Farsi were among those who wrote: “By leaving French cinema in the hands of a far-right owner, we risk not only the standardisation of films, but a fascist takeover of the collective imagination.”

Juliette Binoche was among the 600 signatories of the open letter to the newspaper Libération. Photograph: Laurent Hou/Hans Lucas/AFP/Getty Images

Bolloré, a conservative industrialist, has a powerful media empire, including the channel CNews, the radio station Europe 1 and the Sunday paper Le Journal du Dimanche, and is close to figures on the far right. Politicians on the left have attacked CNews for giving a platform to reactionary voices they say have aided the rise of the far right. The Paris prosecutor’s office last month opened a legal investigation into racist comments on the channel against the mayor of Saint-Denis, Bally Bagayoko. The channel denied racism.

Bolloré’s powerful role in the French cultural world is sparking revolt among creatives ahead of next year’s French presidential election. In an unprecedented walkout last month, more than 100 writers quit the publishing house Grasset in protest at Bolloré’s control of its parent company Hachette Livre. “We refuse to be hostages in an ideological war that seeks to impose authoritarianism everywhere in culture and the media,” the authors wrote.

In the film industry, where Bolloré has long dominated private production, cinema insiders said they had been emboldened to speak out after the publishing revolt.

Bolloré controls the entertainment conglomerate Canal+ and its in-house production operation, StudioCanal, which is Europe’s leading film and television production and distribution group. StudioCanal’s recent films include the Amy Winehouse biopic, Back to Black, and Paddington in Peru.

The billionaire Vincent Bolloré dominates French film through his control of StudioCanal. Photograph: Alain Jocard/AFP/Getty Images

The film industry figures said they were alarmed that Canal+ had taken a stake in UGC, the third biggest network of French cinemas, with a view to fully owning it in 2028. They said Bolloré would be “in the position of controlling the entire fabrication chain of films from their financing to their distribution and their release on the big and small screen”.

They said that “behind his business suit”, Bolloré was promoting a reactionary, far-right project for society “through his TV stations, like CNews and his publishing houses” and they feared this could extend to film.

“The influence of [his] ideological offensive on the content of films has so far been discreet, but we are under no illusion: this won’t last,” they wrote. They called on the wider film industry “to build a movement” that would defend independence.

The open letter comes with Marine Le Pen’s far-right National Rally (RN) is polling high ahead of next spring’s presidential election and there is uncertainty about the scale of her party’s proposed funding cuts to the arts.

MPs for the RN have questioned the model of public funding and tax breaks that bolster the film industry through the Centre National du Cinéma (CNC), a state agency which supports the production of hundreds of films a year.

The open letter to Libération warned of the ‘risk that tomorrow the only thing still being financed will be propaganda films that serve an ideology’. Photograph: Libération

Le Pen’s party has also been highly critical of France’s public broadcaster, France Télévisions, which is a key financier of film, drama and documentaries. The RN has said it intended to privatise the state broadcaster if it came to power. A report last week by an MP allied to the RN called for sweeping cuts to public broadcasting, including to entertainment budgets.

The protest letter said Bolloré might take advantage of his dominant position to have an impact on film content.

“The unprecedented concentration of the financing chain in the hands of Vincent Bolloré gives him total liberty of action when the moment comes,” the letter said. “We cannot say we didn’t know. The dismantling of the CNC and the public broadcaster are part of the RN’s programme. Do we want to take the risk that tomorrow the only thing still being financed will be propaganda films that serve an ideology?”

Bolloré, a Breton industrialist, was once described by the former education minister Pap Ndiaye as “very close to the most radical far right”. In a senate hearing in 2022, Bolloré denied political or ideological interventionism, saying his interest in acquiring media was purely financial and his cultural empire was about promoting French soft power.

Bolloré’s group has not commented on the letter from film figures. After last month’s authors’ revolt over his publishing business, Bolloré wrote in Le Journal du Dimanche that those who had quit were “a tiny caste who think themselves above everyone else”. He said: “As for the attacks concerning my ‘ideology’, I’m a Christian democrat.”



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SPLC curriculum found in K-12 schools in 42 states, watchdog says


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EXCLUSIVE: As the liberal activist organization Southern Poverty Law Center (SPLC) faces federal fraud charges, an education watchdog warns that the group continues to integrate its “far-left content and materials” into classrooms as early as kindergarten in more than 40 states across the U.S.

Nicole Neily, president of Defending Education, which was once labeled an “extremist” group by SPLC, told Fox News Digital that “unbeknownst to parents, the Southern Poverty Law Center has been poisoning pupils’ minds around the country for years with its toxic curriculum.”

Defending Education published a new exposé detailing how an SPLC education program called “Learning for Justice” (formerly “Teaching Tolerance”) has been integrated into K-12 lesson plans and materials in 169 school districts in 42 states, plus Washington, D.C. According to the watchdog, the program reinforces “far-left cultural and political ideologies,” including “anti-racism, Black Lives Matter, gender ideology and queer theory, white privilege, white supremacy, whiteness, and transgenderism.”

Neily said that due to SPLC’s integration in schools, “issues such as queer theory, white privilege, and anti-racism have supplanted traditional coursework in history, social studies, and other core classes,” which she said is “teaching children to view themselves and others through the lens of identity politics, and that America is forever stained by its original sin.”

CRITICS SAY K-12 ETHNIC STUDIES PUSH TEACH STUDENTS ABOUT CISHETERONORMATIVITY, BLACK PANTHER PARTY

A parent school protest in Loudoun County, Virginia

Angry parents and community members protest after a Loudoun County School Board over critical race theory. (Evelyn Hockstein via Reuters)

According to Neily, the materials “intentionally sow division and mistrust between students at a formative stage of their development,” adding that “it is deeply disappointing that administrators and educators believe this is an appropriate use of finite classroom time and resources.”

The SPLC did not respond to requests for comment on Defending Education’s report.

The report reveals that SPLC’s website and documents can be found on school district webpages, in teacher professional development and trainings, classroom lessons, district-wide curricula, Social Emotional Learning, social justice standards, and district antiracism and equity policies and resources.

SPLC’s Learning for Justice program, which the report says is focused on “education for liberation,” encourages the implementation of a set of anchor standards and “age-appropriate learning outcomes” divided into the domains of identity, diversity, justice and action.

Under the action category, students are encouraged to commit to join with “diverse people to plan and carry out collective action against exclusion, prejudice and discrimination” and to be “thoughtful and creative in our actions in order to achieve our goals.”

Defending Education said the New York State Education Department added “equity revisions” to its NY Social Emotional Learning Benchmarks that aligned the benchmarks with SPLC’s social justice standards.

The report also notes that the Smithsonian’s National Museum of the American Indian lists Learning for Justice as a recommended resource in certain lesson materials. It further points to guidance and curriculum resources from the California Department of Education and Illinois State Board of Education, as well as Chicago Public Schools, that include or reference the standards.

CHICAGO SCHOOLS BLASTED BY PARENTS’ RIGHTS WATCHDOG OVER ‘APPALLING’ LGBT AGENDA REVEALED IN UNEARTHED DOCS

Opponents of Critical Race Theory attending a Loudoun County School board meeting in Ashburn

Opponents of Critical Race Theory attend a packed Loudoun County School board meeting in Ashburn, Virginia, on June 22, 2021, which erupted into chaos and led to two detentions. (Evelyn Hockstein/Reuters)

According to the report, Learning for Justice materials are also incorporated into curriculum and lesson plans for younger students in several districts. The report cites examples, including Cambridge Public Schools in Massachusetts, integrating the Social Justice Standards into junior kindergarten through fifth-grade physical education, and Yonkers Public Schools in New York, using the standards in pre-kindergarten project-based learning units. It also points to Princeton Public Schools in New Jersey updating its early childhood curriculum using the framework.

Rhyen Staley, director of research at Defending Education, posited that the “amount of influence the SPLC’s programming and content has had on district policies, learning standards, curriculums, and lessons is a real concern for families who value a bias-free learning environment.”

“No organization that labels concerned parents as ‘extremists’ and members of ‘hate groups’ should have its biased content used in K-12 schools,” said Staley, adding that “district leaders should end the use of this organization’s materials and ideas.”

SPLC, an Alabama-based organization that describes itself as a “beacon of hope” for “fighting White supremacy,” was indicted late last month on federal fraud charges from a years-long alleged covert paid informant program that Justice Department officials said allocated millions of dollars in donations to a network of informants affiliated with or closely tied to White supremacist and neo-Nazi groups.

The 11-count indictment accuses the Southern Poverty Law Center (SPLC) of wire fraud, false statements to a federally insured bank and conspiracy to commit concealed money laundering. According to the Justice Department, the SPLC sent some $3 million to its paid informants between 2014 and 2023, including people affiliated with the United Klans of America, the National Socialist Party of America and the Aryan Nations-linked Sadistic Souls Motorcycle Club, among others.

NEO-NAZIS, ‘SADISTIC’ BIKERS AND CHARLOTTESVILLE ORGANIZER: 5 OF THE MOST SHOCKING SPLC INFORMANTS

Split image of Acting Attorney General Todd Blanche and SPLC interim CEO Bryan Fair speaking at podiums.

Acting Attorney General Todd Blanche, left, and SPLC interim President and CEO Bryan Fair are shown in a split image as the Justice Department pursues charges against the Southern Poverty Law Center. (Nathan Posner/Anadolu via Getty Images; USA TODAY Network via Imagn Images)

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SPLC has denied all allegations of wrongdoing, with a spokesperson defending its work monitoring White supremacist groups and other violent extremist organizations — including via the paid informant program — telling Fox News Digital that their use has “saved lives.”

Fox News Digital reached out to the New York State Education Department, Smithsonian National Museum of the American Indian, California Department of Education, Illinois State Board of Education, Chicago Public Schools, Cambridge Public Schools, Yonkers Public Schools and Princeton Public Schools for comment.

Fox News Digital’s Breanne Deppisch and Preston Mizell contributed to this report.



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Big action by US before Donald Trump’s visit to Beijing, ban on Chinese companies for helping Iran

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  • Ban on 10 people who helped in Iran’s missile program also.

Even before US President Donald Trump’s visit to Beijing, the US administration has taken major action against China. The US President is scheduled to go on an official visit to Beijing from Wednesday (May 13, 2026) to Friday (May 15, 2026), but before that the US administration has imposed sanctions on three Chinese satellite imaging companies. Actually, Chinese companies are accused of helping Iran, hence this action has been taken against them.

US State Department’s allegation on the action of sanctions

According to the US State Department, the three Chinese companies that have been sanctioned include Meantropy Technology (also known as Mizar Vision), The Earth Eye, and Chang Guang Satellite Technology. The department said that these companies provided Iran with targeting intelligence and satellite data related to the military targets of the US and its allies during the US military Operation Epic Fury.

According to the department, Meantropy Technology had published some open-source satellite images, which showed information about military activities and bases of the US and its allied countries. At the same time, The Earth Eye collected data from the other party on Iran’s request and made it available to Tehran.

Also read: Pakistan had hidden Iran’s fighter jets, Trump’s close ones got furious after the revelation, said a big thing about mediation

Along with this, the US Treasury Department iran10 people and institutions associated with China, Belarus and UAE have also been banned. They are accused of helping in the procurement of weapons and raw materials for Iran’s ballistic missile and Shahed drone (UAV) programs.

Last time Trump visited China was in 2017

China’s Foreign Ministry spokesperson Guo Jiakun officially announced US President Donald Trump’s visit to Beijing on Monday (May 11, 2026). He said that US President Donald Trump will come on an official visit to Beijing on the invitation of Chinese President Xi Jinping. This will be the first visit of an American President in the last nine years. Earlier in the year 2017 donald trump Had visited China during his first presidential term.

He said that during this meeting, President Xi Jinping and President Trump will have in-depth discussions on major issues related to China-US relations, global peace and development. Tension is continuously increasing between America and China regarding Taiwan and many other issues. In such a situation, this visit of Trump is being considered very important from the point of view of global politics and diplomacy.

A Chinese Foreign Ministry spokesperson said that China is ready to enhance cooperation and reduce differences with the United States on the basis of the spirit of equality, respect and mutual benefit. This visit is taking place at a time when the tense conflict between America, Israel and Iran continues in West Asia. Along with this, the global energy crisis is deepening due to the blockade of the Strait of Hormuz.

Also read: ‘Trump’s entire tenure is a therapy session’, Iranian embassy taunts after rejecting Tehran’s new proposal

Lamine Yamal’s Palestine flag wave hailed by fans, activists and athletes | Football News

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Spanish football star Lamine Yamal has been hailed as “a very brave boy” for waving the Palestinian flag in Barcelona’s open-top bus parade following their La Liga championship win.

The 18-year-old held and waved a large Palestine flag as the newly crowned Spanish champions interacted with the thousands of Barca fans lined up on the streets in the Catalan capital on Monday, hours after their 2-0 El Clasico triumph over Real Madrid sealed their second consecutive first division league title.

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Yamal, who looked relaxed as he stood along the rail on the right-hand side of the bus, missed Sunday’s fixture due to an injury, but joined his teammates in the champions’ parade the following day.

Video clips of his apparent act of support for the people of Palestine immediately went viral on social media, with football fans, experts, activists, and players praising the teenage icon.

“To some, it may look like a simple gesture, but here in Gaza, it reaches the heart in ways words cannot describe,” wrote Muhammed Akram, a Palestinian student in Gaza.

“Thank you, Lamine Yamal. From Gaza, you are loved more than you know.”

‘Bravo Lamine Yamal’

Palestine’s flag has been raised by protesters and pro-Palestine activists in hundreds of cities worldwide over the past two and a half years. It is seen by many as an act of solidarity with Palestinians in Gaza, who have been facing the wrath of the Israeli genocide against them since October 7, 2023, when the Palestinian group Hamas attacked Israel.

Israel has killed more than 72,740 Palestinians since October 2023, of whom 854 were killed during a so-called “ceasefire” that was signed last October.

While the frequency of pro-Palestine protests has dropped since the “ceasefire” came into effect, activists have continued to raise the Palestinian flag in large public gatherings, such as sports events and celebrations.

Yamal, too, used the mass celebration in Barcelona to show his support for Palestine, and some activists believe he has done more to raise awareness for the cause with one act than many others.

“When you have a platform, use it,” wrote Lebanese political activist and writer Dyab Abou Jahjah. “When you have a voice, speak out. Bravo Lamine Yamal,” he added.

Barcelona head coach Hansi Flick said he spoke to Yamal about the incident.

“I spoke with him [Yamal] and told him: ‘If you want to do that, it’s your decision, you’re old enough,’” the German coach told the media on Tuesday.

Following the celebrations, the Spanish forward posted a photo of himself with the Palestinian flag, along with others from the event, on his Instagram account.

Yamal has 44.2 million followers on the social media platform, where his post was liked by 5.3 million users and had more than 100,000 shares.

Prominent Palestinian writer and poet Mosab Abu Toha commented on Yamal’s post, saying, “We love you, from Gaza.”

The Barca striker’s British teammate Marcus Rashford and Dutch footballer Anwar El Ghazi were among the 166,000 people to comment on his post, which comprised seven photos.

Gesture ‘highlights the bond between Catalonia and Palestine’

The Boycott, Divestment, and Sanctions (BDS) movement, which was launched in 2005 to advocate for Palestinian rights and end Israel’s occupation in Palestinian territory, also appreciated Yamal’s heroics.

“Thanks for this gesture full of humanity,” the movement’s Spanish account tweeted. “Sport has the power to make visible what the world must not forget.”

Palestinian football expert Bassil Mikdadi said Yamal highlighted the true spirit of Barcelona football club.

“Over the past two decades, FC Barcelona has morphed into a hyper-commercialised entity,” he wrote on X. “First came the shirt sponsorship, then the stadium naming rights, and then the palancas. Lamine Yamal shows what the club and its fans are really about.”

Meanwhile, a number of pro-Israel social media users attacked Yamal and said he “should never don the Spain shirt” and that his actions should be enough to ensure he does not win the prestigious Ballon d’Or award despite his on-field performance for club and country.

Others, though, praised him for not worrying about the consequences and standing up for the oppressed.

“Lamine Yamal raising the Palestinian flag is a powerful gesture of solidarity and human dignity,” said Barcelona-based academic and activist Neus Torbisco Casals.

“It’s a reminder that sport can also be a voice against genocide, oppression, and in favour of peoples’ freedom,” she continued in a long post on X.

“A very brave Catalan boy for speaking out when there are a thousand pressures to stay silent. These gestures can inspire millions of people around the world.

“Many people have highlighted the bond between Catalonia and Palestine because we share the same aspiration to exercise universal collective human rights: the right to self-determination, to preserve identity, language, culture, and to live without domination inspired by colonialism or, in the case of Palestine, racial apartheid.

“True solidarity rejects domination in all its forms and defends the equality and dignity of all peoples, not just states. The struggle against oppression is universal: when a people defends its freedom and dignity, it also speaks for all peoples who resist injustice. Bravo Lamine.”

Yamal, a Muslim whose father moved from Morocco to Spain, has previously spoken out against racism and Islamophobia in Spanish football.

Last month, he slammed the anti-Muslim fan chants heard in Spain’s friendly match against Egypt and issued a strong statement on his social media accounts.

“I am a Muslim. Yesterday at the stadium, the chant ‘The one who doesn’t jump is the Muslim’ was heard,” he posted.

“I know I was playing for the rival team, and it wasn’t something personal against me, but as a Muslim person, it doesn’t stop being disrespectful and something intolerable.”

Yamal has scored 30 goals in more than 100 appearances for Barcelona and six in 25 caps for his national team.

The prodigious player has garnered a wide following globally and has many fans in Palestine, from where the outpouring of love for his gesture continued hours after the viral video clips first emerged.

“Just 14 seconds … yet they were enough to make me burst into tears,” wrote Haitham el-Masri, a Palestinian student from Gaza.

“One moment that will remain forever in history, remembered as one of the most deeply human moments witnessed by the world,” he went on to add.

I cannot fully describe what we felt seeing people who still have the courage to speak the truth, and to stand beside a people enduring one of the most horrific genocides in modern history.

Thank you to everyone who supported us, everyone who spoke for us, everyone who refused to stay silent and chose humanity instead.

You cannot imagine how much this love, this care, and this solidarity mean to us… the feeling that we still matter in this world.

From the heart of Gaza…
Thank you from the depths of our hearts.
Thank you for making us feel that we are not alone.”



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Cal Raleigh hitless in last 36 at-bats amid his deep hitting slump


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After narrowly missing out last season on taking down Aaron Judge for the American League’s Most Valuable Player Award, Cal Raleigh is in the running this year for the polar opposite.

The Seattle Mariners catcher became just the seventh player in MLB history to mash 60 home runs in a season in 2025, and while reaching that point would have been a challenge this year, every plate appearance is a struggle at the moment.

Raleigh went 0-for-4 on Monday night in the Mariners’ 3-1 loss to the Houston Astros, continuing a skid in which he is now hitless in his last 36 at-bats.

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Cal Raleigh of the Seattle Mariners reacts after a strikeout at T-Mobile Park in Seattle

Cal Raleigh of the Seattle Mariners reacts after striking out during the eighth inning against the Atlanta Braves at T-Mobile Park in Seattle on May 5, 2026. (Jack Compton/Getty Images)

Before this skid, Raleigh was already struggling at the plate, hitting .205 with a .707 OPS in his first 30 games. But now, his average has dipped to .157, the second-worst in baseball, and his OPS is down to .559, the 10th-worst.

As a lefty, he’s slashing .167/.256/.370, and on the right side, those are down to .133/.196/.200.

The last time he got a hit was way back on April 27.

There isn’t much under the hood that says Raleigh is going to turn things around, either. Sure, a stretch this poor cannot come without some bad luck, but after ranking in the 85th percentile in hard-hit percentage (at least 95 mph exit velo), he is now in the 10th percentile of that category this season. His barrel percentage and average exit velocity are also both overwhelmingly worse than last year.

Cal Raleigh batting for the Seattle Mariners at T-Mobile Park in Seattle

Cal Raleigh of the Seattle Mariners reacts at bat during the sixth inning against the Atlanta Braves at T-Mobile Park in Seattle on May 6, 2026. (Steph Chambers/Getty Images)

YASIEL PUIG CRUSHES 2 HOME RUNS IN CANADIAN BASEBALL LEAGUE DEBUT WEEKS BEFORE POSSIBLE PRISON SENTENCE

A big issue for Raleigh has been the fastball — after hitting .230 against it with a .594 slugging percentage last year, those are now down to .093 and .222 this year. He has swung and missed on 36.0% of fastballs, as opposed to 26.3% last year. He hit more than half of four-seamers at 95 mph or harder last year, but just 23.3% this year.

Entering the season, the Mariners were right in the conversation to compete for the American League pennant. They’re currently 20-22 and will likely turn things around whenever Raleigh does. They’re two games out of the AL West title, behind only the Athletics, with plenty of season left.

Seattle Mariners' Cal Raleigh reacts after striking out during ALCS game in Toronto

Seattle Mariners’ Cal Raleigh reacts after striking out against the Toronto Blue Jays during the sixth inning in Game 6 of the American League Championship Series in Toronto on Oct. 19, 2025. (Frank Gunn/The Canadian Press)

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But the season may be getting late early for the switch-hitting catcher who less than a year ago was chasing Judge for an MVP.

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