Saturday, February 28, 2026

Trump In Talks to Spin Off Truth Social into Independent Stock



Trump Media & Technology Group (MTG) said 2/27/2026, that it was Exploring a Spin-Off of Truth Social, the Social Media Platform of Choice for Trump (R).

Truth Social could become a Separate, Publicly Traded Company, following the forthcoming Closing of its Merger with Fusion Power Firm TAE Technologies.

Shares of Trump Media Fell more than 2% in a Choppy Session on Friday, despite Rising in Premarket Trading. The Stock Trades under the Ticker DJT, which is also Trump's Initials.

Such a Move will bring more Public Market Attention to Truth Social, the Platform where Trump has become known for Announcing everything from Military Strikes to Policies like Tariffs. Trump even Previewed Federal Economic Data ahead of its Official Release on Truth Social, Earlier this month.

Trump has Encouraged His Fans to Support the App. as its Parent Stock has Whipsawed. Shares currently Trade at around $11, well Off Highs above $100 Recorded as recently as 2022.

Trump said He would Not Sell His Majority Stake in the Stock, following His Electoral Victory in 2024. Regulatory Fillings from Later that Year showed Trump Transferred His Entire Position to a Revocable Trust that He's the Sole Beneficiary of.

Trump was Temporarily Banned on more Prominent Social Media Platforms, such as Twitter and Facebook, following the 1/6/2021 Insurrection. Trump Media is Ffocused on Countering what it Views as an "Assault" on Free Speech by Big Technology Firms, the Company said.

In this Type-of-Deal, Shares of Truth Social's Spin-Off would be Distributed to Current Trump Media Stakeholders, according to the Press Release. Truth Social's Independent Company would Merge with Blank-Check Company Texas Ventures Acquisition III Corp.

A Blank Check Company is a Publicly Traded, Developmental Stage Company, that has No Established Business Plan. It may be used to gather Funds as a Startup or, more likely, it has the Intent to Merge or Acquire another Business Entity.

Blank Check Companies are Speculative in Nature, and are Bound by Securities and Exchange Commission (SEC) Rule 419, to Protect Investors, by Eensuring Investor Funds are Protected. by Requiring that Money Raised in an IPO (Initial Public Offerings) is Held in Escrow until a Suitable Acquisition is Completed.

Trump Media's Merger with TAE, is expected to Close in the Middle of 2026.










NYC Wins When Everyone Can Vote! Michael H. Drucker


Judge Rules Trump Cannot Terrorize Minnesota's Refugees with Arrests



Federal Courts have Oversight Powers, rooted in the U.S. Constitution. Judicial Authority, especially concerning Injunctions against Executive Actions, draws from Article III. Judicial Review serves as a Check on the Executive Branch, Preventing any Overreach that might Infringe on Constitutional Laws or Rights.

A Federal Judge on 2/27/2026 said He would Not allow Trump's (R) Administration to "terrorize" Minnesota's 5,600 refugees by arresting and detaining them under a new policy that "turns the refugees' American Dream into a dystopian nightmare."

U.S. District Judge John Tunheim in Minneapolis, made that Statement, as He issued a Preliminary Injunction that Extended an Earlier, Temporary Order, that Blocked the Administration from Arresting or Detaining Refugees on the Basis that they had yet to Obtain Lawful Permanent Resident Status, or Green Cards.

The Administration had sought to do so under a Policy, Adopted as part of "Operation PARRIS", a Program Aannounced in 1/2026, that the U.S. Department of Homeland Security (DHS) Billed as "a Sweeping Initiative" to Re-Examine Thousands of Refugee Cases.

DHS at the time, said the Initial Focus of the Initiative would be the roughly 5,600 Refugees who had yet to be given Green Cards in Minnesota.

Refugees from: Africa, Latin America. and Asia, Sued in a Class-Action Lawsuit, Arguing Trump's Administration was Wrongly Asserting that Immigration Law gave U.S. Immigration and Customs Enforcement (ICE) the Power to Arrest any Refugee who had Not been Granted a Green Card after a year in the U.S.

Tunheim, who was Appointed by President Bill Clinton (D), Agreed, saying the Administration's Policy, Lacked Authorization from Congress, raised Constitutional concerns and Upended the Promise of the Refugee Act of 1980, that Refugees could "be given a chance at a new beginning in safety."

He noted that by Law, the Refugees could Not obtain Green Cards, until a Year had Passed. Yet He said the Administration was Claiming the Power to Arrest them upon the 366th Day of being Lawfully Admitted.

"The Court will not allow federal authorities to use a new and erroneous statutory interpretation to terrorize refugees who immigrated to this country under the promise that they would be welcomed and allowed to live in peace, far from the persecution they fled," Tunheim wrote.

He Ruled, shortly after a Group of Refugees Filed a Similar but Broader Lawsuit in Federal Court in Massachusetts, seeking to Challenge the Policy's Enforcement Nationwide.

Kimberly Grano, a Lawyer for the Minnesota Plaintiffs at the International Refugee Assistance Project (IRAP), in a Statement Hailed the Ruling, saying the "refugees can now live their lives without fear that their own government will snatch them off the street and imprison them far from their loved ones."










NYC Wins When Everyone Can Vote! Michael H. Drucker


Friday, February 27, 2026

Trump's Attempt to Axe a Student Loan Repayment Plan Fails in Court



A Court Dismissed Trump's (R) Proposed Settlement to Eliminate the SAVE Student-Loan Repayment Plan. The Judge said that Rruling on the Settlement was Outside the Court's jurisdiction. It means that SAVE Borrowers Won't have to Leave the Plan just yet. Student-Loan Borrowers might Not Lose a Key Affordable Repayment pPan just yet.

On Friday, a Court Dismissed a Proposed Settlement Aannounced by the Department of Education (DOE) and the State of Missouri in 12/2025 that would have Eeliminated the SAVE Income-Driven Repayment Plan Ahead-of-Schedule. Trump's "Big Beautiful" Spending Legislation, called for Phasing out SAVE by 2028. This Latest Uupdate means that the Department has to Stick with that Timeline, and it Cannot Eliminate the Plan before 2028, Without Court Approval or a Lengthy Negotiated Rulemaking Process.

John Ross, Missouri's District Court Judge, Wrote in His Ruling, that the Settlement was Not Presented to the Court, and that Federal Law Allows Courts to "exercise jurisdiction only over cases or controversies," which He said does Not Exist in this Case, because both the Department of Education and Missouri, have Agreed on the Outcome they're Seeking Without Debate. "It appears that there is no longer a live case or controversy sufficient to authorize the Court to enter a judgment on the merits," Ross wrote.

The SAVE Plan was Created by former President Joe Biden (D) in 2023, and it Iintended to give Borrowers Cheaper Monthly Payments with a Shorter Timeline to Loan Forgiveness. The Plan has been Halted since 2024, due to Lawsuits seeking to Block-It, and while Trump's "big beautiful" Spending Legislation included a Provision to Eliminate SAVE over the next few years, the Settlement would have Done so much Sooner than Anticipated.

Ross also Wrote in a Footnote, that it's "not lost on the Court that millions of borrowers who enrolled in the SAVE plan have patiently awaited clarity while this litigation has proceeded. However, that clarity must come from the Department of Education, and not from this Court, which is no longer empowered to weigh the merits of a case that is now moot."

Winston Berkman-Breen, Legal Director at Advocacy Group Protect Borrowers, said in a Statement that the Court's Ruling means the Department can now move Forward with Relief under the SAVE Plan.

"As of today, not only is there no legal barrier to delivering those rights through the SAVE plan, but the Secretary has a legal obligation to do so," Berkman-Breen said. "The U.S. Department of Education must immediately identify borrowers who are eligible to have their loans cancelled under SAVE and instruct their student loan servicers to cancel those loans."

The Department said in 12/2025 that, should the Settlement be Approved, it would Not Enroll any New Borrowers in the SAVE Plan, it would Ddeny Pending Applications, and move the 7 million Enrolled Borrowers to Other Repayment Plans. Those Borrowers would have a Limited Time to Prepare to make their Payments.










NYC Wins When Everyone Can Vote! Michael H. Drucker


US Unveils Budget Missile for Ukraine



Dubbed the “Rusty Dagger” by its Manufacturers, the Missile has been Demonstrated by the U.S. Air Force Destroying Targets.

It follows U.S. Department of State Approval of a Foreign Military Sale Request, allowing Ukraine to Buy Air-Delivered Munitions and Related Equipment Valued at $825 million.

Ukraine Requested up to 3,350 Extended Range Attack Munition (ERAM) Missiles, of which Arms Firm Zone 5 Technologies’ Rusty Dagger, which they call “our affordable cruise missile”, is One of Two in Contention for the Programme.

The Llive-Fire Test of the Rusty Dagger, was carried out at Eglin Test and Training Range in Florida.

An Eglin Statement on 2/31/2026 said: “The event, which met all primary objectives including a full warhead detonation, gathered critical data to mature a new, cost-effective, long-range strike capability.”

Brig. Gen. Mark Massaro, 96th Test Wing Commander, said: “The future fight demands we create an asymmetric advantage by developing cost-effective, attritable systems like ERAM that give commanders the ability to generate mass.”










NYC Wins When Everyone Can Vote! Michael H. Drucker


Ukraine Claws Back Southern Territory



Ukraine marked the Fourth Anniversary of Russia’s Invasion with Territorial Ggains in the South and Improved Air Defences that kept the Lights on in Kyiv, Despite Two Barrages of Drones and Missiles during the Past week. Ukrainian President Volodymyr Zelenskyy on Saturday, told the AFP that Ukrainian Forces had Regained 300 square kilometres (115 square miles) of Territory in Southern Ukraine, without Specifying the Time Period.

His Commander in Chief, Oleksandr Syrskii, Two Days later, said those Southern Ggains were 400sq km (155 square miles), and had come since the End of 1/2026. “You can’t say that we’re losing the war … The question is whether we will win,” Zelenskyy said.

The Institute for the Study of War, a Washington-based Think Tank, Attributed Kyiv’s Successes to the Fact that Ukraine persuaded Starlink to Disconnect Illegal Russian Terminals in the Theatre, and the Fact that the Kremlin itself Partly Disabled the Telegram Messaging Service. Russian Troops used both Services for Essential Military Communications, it said. Although Limited in Scale, Ukrainian Counterattacks may have done enough to Throw Russian Preparations for a Spring Offensive Off Balance, said the ISW.

Open Ssource Intelligence, Suggests that Russia’s Campaign has been Flagging for a Llong Ttime. European Leaders have Publicly Noted that Over the Past Three Years, it has seized 1.5% of Ukraine or less, at a Cost of Hundreds-of-Thousands of Lives. The Battle for Pokrovsk, for example, a City in Ukraine’s Eastern Donetsk Region, Appears to have Ended in Victory for Russia in recent Weeks, but the Campaign took Two years for a Town with a Pre-War Population of 60,000.

“Pokrovsk was operationally significant given its use as an important logistics hub, but Russian strikes denied Ukrainian forces the ability to fully leverage the town for logistics as early as July 2025,” said the ISW. “Pokrovsk had long ceased to be an operationally significant town by the time Russian forces intensified their push to capture the town in Winter 2025.”

On Tuesday, the Fourth Anniversary of Russia’s War, Zelenskyy noted that “Russian President Vladimir Putin understands he is not capable of defeating Ukraine on the battlefield, and the ‘second army in the world’ is fighting against apartment buildings and power plants.” He was Referring to Russia’s Aerial Campaign against the Four-Fifths of Ukraine that Remain Free, where He Noted that “the Air Force has started performing better.”

Russia Attacked Ukraine during the Week, with just more than 1,500 Drones and at least 90 Missiles, but the Two Biggest Attacks came Two Days Before and Two Days after the Anniversary. On 2/22/2026, Russia Launched 197 Drones and 50 Missiles. Ukraine Ddowned All but 26 Drones and 31 Missiles.

Then, on 2/26/2026, Russia launched 420 Drones and 39 Missiles. Ukraine Neutralised 90% of the Drones and 30 Missiles. “We indeed managed to protect very important facilities,” Zelenskyy said. To achieve even this Success Rate, Russia Appears to be using All of its Production Capacity. “All the ballistics that come to us are made at the end of 2025, the beginning of 2026. That is, we are actually being attacked with missiles from the factory,” said Defence mMnistry Adviser Serhiy Beskrestnov.

Ukraine’s Air Force said it had Destroyed 3,855 Long-Range Missiles used to Target Rear areas, since the Beginning of the War, as well as 67,000 Long-Range Drones. Ukraine has Launched a Strategic Campaign to Damage the Russian Weapons and Fuel Supply Chains. During the Past Week, that Campaign saw Significant Successes.

On February 21, Ukrainian-made FP-5 “Flamingo” missiles struck the Votkinsk missile factory in Russia’s Udmurtia – about 1,200km (745 miles) from the Ukrainian border. Missile Expert Fabian Hoffman said it was “the first time that Ukraine has successfully struck a core target of Russia’s missile industry directly using a heavy missile capability”. Ukraine’s General Staff said the Facility makes a Series of Ballistic Missiles, including Russia’s “Unstoppable” Oreshnik Intermediate Ballistic Missile, which it has Now Stationed in Belarus, and with which it has repeatedly Threatened Europe.

At least One Mmachine Building Plant was Struck, as Satellite Imagery later Showed, though the Extent of the Interior Damage was Uncertain. The Flamingo entered Production in the Second Half of last year, as Part of an Effort to Increase the Lethality of Ukraine’s Long-Range Drones. It Carries Ukraine’s Largest Warhead to Date, 1,150kg (2,535 pounds), but has been Plagued by Problems of Accuracy. “The strike on the Votkinsk plant marks the first confirmed successful use of the Flamingo against a high-value target,” said Hoffman.

On the same day, Ukrainian Drones Struck the Neftogorsk Gas Processing Plant in Samara, Damaging Two Gas Condensate Stabilisation Plants. On Monday, Ukraine Sstruck the Kaleykino OOil Pumping Station in Tatarstan, described as a Key Facility for Filling the Druzhba Oil Pipeline to Hungary and Slovakia.

On Wednesday, Ukraine Sstruck a Chemicals Plant in Smolensk, causing Explosions and Fires. Russia did Not Mark the Wwar’s Fourth Anniversary with any Grand Pronouncements, but Ukraine Celebrated its Survival. “Ukraine has come a long way – from the point when we were being given body armour to the point when we ourselves produce more than three million [first-person view] drones a year,” said Zelenskyy.

European Commission President Ursula Von Der Leyen and European Council President Antonio Costa, stood beside Him. The EU has become Ukraine’s Biggest Ddonor and Supporter, Sending 195 Billion Euros ($230bn) to Date, and Voting to send another 90 billion euros ($106bn) over the Next Two years. “Europe has stood with us throughout these difficult, really difficult years, and our people trust Europe,” said Zelenskyy.










NYC Wins When Everyone Can Vote! Michael H. Drucker


Fed Chief Nominee Faces Hurdles as Powell's Term Ticks On



Trump (R) has yet to formally Nominate Kevin Warsh (R), to Succeed Jerome Powell (R) as Head of the Federal Reserve, a Delay that, while Not Unprecedented, is also Not Typical and Adds to Uncertainty in a Process Clouded by Concerns about Political Pressure on the U.S. Central Bank.

Trump named Warsh, a former Fed Governor, as His Nominee Four Weeks ago. Since 2010 only Two Nominees for the Fed Chief Job and other Seats on the Central Bank's Board of Governors, have Experienced a Gap Longer than Four Weeks. between the White House Announcement and the Filing of Paperwork to the Senate, that Kicks-Off the Official Confirmation Process.

The Reason for the Extended Wait in Warsh's Case is Unclear, though Senator Thom Tillis (R-NC) has Promised to Block any Fed Nomination, as long as a Department of Justice (DOJ) Investigation into Powell, regarding His Testimony to Congress about Central Bank Building Renovations in Washington remains Open.

Tillis says the Probe is Frivolous and a Form of Intimidation by the Trump Administration, which has made No Secret of its Frustration with Powell for Not Cutting Interest Rates as Quickly or Deeply as it would like.

"It does strike me as odd that there's been no forward movement on the Warsh nomination," said Derek Tang, an Analyst with Forecasting Firm LH Meyer. "The White House seems no closer to overcoming the Tillis block: that the senator won't let any nominee for the Fed get past the Senate Banking Committee unless and until the Powell probe goes away."

"The White House continues to work with the Senate to swiftly confirm Kevin Warsh as our next Federal Reserve chairman," White House Spokesman Kush Desai (R) said, adding that Warsh is "eminently qualified to restore competence and confidence in Fed decision-making."

The Fed's Insulation from Short-Term Political Considerations and the Ability to set Interest Rates without Regard to the Preferences of a given President is widely considered Essential to its Cability to Keep Inflation under Control and Steer the Economy to a Healthy Footing.

Treasury Secretary Scott Bessent (R) has said the Republican-Controlled Senate Banking Committee, has Agreed to move Forward with a Confirmation Hearing, once Warsh is Formally Nominated. The Panel's Republican Members, including Tillis, have said they see Warsh as well Qualified and a Good Pick for the Job.

But without Tillis' Vote to Advance Warsh's Nomination, to Consideration by the Full Senate, the Committee's slim Republican Majority does Not have the Power to Override Unified Democratic Opposition.

Powell Disclosed the DOJ's Probe in 1/2026, describing it as Part of the Trump Administration's "threats and ongoing pressure" on the Fed to Cut Rates. The U.S. Central Bank Cut Rates in its Last Three Meetings of 2025, but Trump has Demanded an ever Bigger Reduction in Borrowing Costs.

The Fed has asked a Judge to Quash the Government's subpoenas in the Probe, the Wall Street Journal Reported on Thursday. The Fed Declined to Comment on the Report. The Probe is Not the Only Hurdle to Trump's Long-Held Goal of Installing a Rate-Cut-Friendly Fed Chief in Place of Powell.

The 11 weeks until the End of Powell's Term on 5/15/2026 is less time than it took for most of the Fed's Current Governors to go from their Nominations to Senate Confirmation. The Timing is by No means overly Tight, as the Senate showed last Fall, when it moved to Confirm then Trump Economic Adviser Stephen Miran (R) as a Fed Governor, less than Two weeks after the Trump Nominated Him.

But a lLng Delay on the Warsh Confirmation would leave the Nominee, and the Central Bank, in Uncomfortable Limbo as the Clock Ticks toward the Central Bank's June 16th-17th Meeting, the Earliest expected Time for a Serious Debate on a possible Rate Cut.

Trump is expected to Nominate Warsh to Fill a Seat currently occupied by Miran, whose Tterm expired on 1/31/2026, but who may Remain in His Role until His Successor is Confirmed by the Senate. The Switch would Replace One Rate-Cut Advocate with another, leaving Trump Appointees One Seat Short of a Majority on the Seven-Member Fed Board.

The President has made an Unprecedented Effort to Fire Fed Governor Lisa Cook, for what He says were Misrepresentations on Her Mortgage Applications. Cook, who was Appointed by Biden (D), Denies Wrongdoing, and is Fighting Her Removal in a Case that is before the Supreme Court. Powell Attended Oral Arguments in 1/2026, calling it "the most important ⁠legal case in the Fed's ‍113-year history" because of its Implications for the Central Bank's Independence.

Powell could, if He Chooses, stay Oon as a Fed Governor until 1/31/20287. He has Declined to say if He will Leave the Board when His Term as Head of the Central Bank Ends, as nearly All His Predecessors have done. Bucking that Precedent would be an Extraordinary move that would Signal Powell's Abiding concern about the Fed's Ability to continue to Operate Independently from the Administration.

Reasons for such concern, Range from the fact that Trump made Support for Rate Cuts an Explicit Condition for Anyone He Nominated to Replace Powell, and the Unprecedented means by which the Trump's Administration has sought to Pressure Central Bank Leaders, including through the DOJ Probe. But Staying-On would almost certainly Draw Criticism from the Trump Administration and Others as a Partisan Bid to Thwart the President's Prerogative to Name a New Fed Governor.

Even if Powell did Remain as a Governor, there's Little doubt that the Central Bank's Federal Open Market Committee, would Stick with Institutional Norms and Elect Warsh to Lead the Policy-Setting Panel.

But it would leave Warsh, who already Faces the Daunting Task of Convincing a Divided Committee to Support the Rate Cuts He says He wants, contending with the Complications of Sharing the Policy Making Table with the Person who used to have His Job.










NYC Wins When Everyone Can Vote! Michael H. Drucker


Some Republicans Frustrated Stock Trading Ban Stalled



Some House Republicans are Growing Increasingly Frustrated with Leadership, for Not Moving the Ball Quickly, on a Stock Trading Ban, an Issue that has vexed Congress for Years, despite Repeated Bipartisan Calls for Reform.

Last month, the House Administration Committee Advanced a Bill by Chair Bryan Steil (R-WI, 1st Districtis) that would allow Members of Congress, their Spouses, and their Dependent Children, to Hold onto the Stocks they already Own, but Prevent them from Buying New Ones. No Action, however, has been taken on the Bill since.

And the Lack of Movement has Pushed some Rank-and-File Republicans to Renew Calls for a Stock Trading Ban, especially after Trump (R) urged Congress to Pass Legislation on the Matter during His State of the Union Address, Tuesday Night.

“If you have a strong bipartisan majority in Congress (supporting the issue), if you have overwhelming support from the public. You have the president of the United States specifically referencing it in the State of the Union, why pray tell is it not put on the floor?” Rep. Brian Fitzpatrick (R-PA, 1st District) said.

He Added that a Stock Trading Ban is long “Overdue.” “It’s very frustrating,” Fitzpatrick said. “This should have been the First thing we took up.” Steil’s Bill isn’t the only Stock Trading Ban that’s been Introduced. Fitzpatrick had Endorsed a Bipartisan Bill in 2025, Sponsored by Reps. Chip Roy (R-TX, 21st District) and Seth Magaziner (D-RI, 2nd District), Dubbed the Restore Trust in Congress Act, that would Bar Lawmakers, their Spouses, Dependent Children, and Trustees from Owning, Buying, or Selling Individual Stocks.

Rep. Anna Paulina Luna (R-FL, 13th Disreict) had introduced a Discharge Petition to Force a Vvote on Roy and Magaziner’s Bill; however, Leadership Ended Up Advancing Steil’sBbill, dubbed the "Stop Insider Trading Act", through Committee. Trump urged Members of Congress during His Speech on Tuesday, to Pass Steil’s Legislation “Without Delay.”

Luna, Referencing Trump’s Speech, wrote on the Social Platform X, “PASS THE STOP INSIDER TRADING ACT NOW!” “This is going to be a great vote. Banning insider trading needs to happen!” Luna wrote in a follow-up tweet. Speaker Mike Johnson (R-LA, 4th District) told Reporters on Wednesday, that Steil’s Bill will get a House vote “soon”.

But Complicating Matters for Johnson is whether He has enough Votes for the Bill to Pass. Johnson is currently Operating with a 218-214 Majority, meaning He can Afford only One Republican Defection and still Pass Party-Line Legislation. Virtually every Democrat will Oppose Steil’s Bill, because the Minority Party is Pushing for any Ban to include the President, Vice President and their Families.

Rep. Tim Burchett (R-TN, 2nd District) said He’s Leaning towards Opposing Steil’s Bill, which He Argues Falls Short of Addressing the Issue. He also said He doesn’t see the Senate taking up the Bill, even if it did Pass the House. “I think if they do, they’re going to pass something that’s totally different than what we have,” Burchett said. “And we don’t agree on it, and then they all giggle and laugh in both parties as it fails and they continue on their insider stock trading.”

When asked why there’s been a Stalled effort on a Stock Trading Ban Overall, Burchett said, “glaciers sprint past Congress.” “We move at a very record slow pace,” He said. “We always have, since I’ve been there under Democrats and under Republicans.”

Fitzpatrick said He would support Steil’s Bill, because He believes it’s “incremental progress,” but He added that He doesn’t think it goes “far enough” to “fix the system.”

Democrats have Blasted Steil’s Bill, arguing that it Doesn’t Extend to the Executive Branch, and Allows Members to still Sell their Existing Stocks. “I want something to be very clear: That this bill that has been introduced by Republican leadership is not a congressional stock trading ban,” Rep. Alexandria Ocasio-Cortez (D-NY, 14th District) told Reporters last month.

“It was written by and for the absolute wealthiest members of Congress to look like they are passing a ban, but … it actually creates a ton of new [avenues] by which they can own, buy and sell stock in even greater shadows from public opinion. … They can call it whatever they want, but it is not a stock trading ban.”










NYC Wins When Everyone Can Vote! Michael H. Drucker