Last year, investors worried that AI would crash the economy by making too little money.
Tech
AI recession: A memo laid out how AI could kill jobs. Wall Street panicked.
Now, they fear it will do so by making too much.
On Sunday, a little-known financial analysis firm called Citrini Research published a piece of science fiction: A memo dated June 2028, in which its researchers sketch a pocket history of “the global intelligence crisis” — an AI-triggered meltdown of the world’s financial, economic, and political systems.
In this account, the problem isn’t that AI proves unprofitable — and America’s data centers become rusted-out memorials to a 21st century Tulip Mania.
In Citrini’s telling, AI does exactly what its boosters promised (at first, anyway). The technology fuels rates of productivity growth unseen since the 1950s, generates mind-boggling profits for its owners, and massive GDP gains.
- A viral Substack post sketched how AI could trap the economy in a doom loop — and freaked out investors.
- It explained how AI could devalue white-collar labor and destroy consumer demand.
- The post also argued that AI agents will destroy the business models of several specific companies.
- But there are many reasons to doubt the scenario’s plausibility.
But it also irrevocably devalues white-collar labor and rapidly destroys a wide array of major businesses. Over time, the AI boom eats the rest of the economy. Growth and the S&P 500 both collapse, unemployment tops 10 percent, the mortgage market wobbles, the Occupy Silicon Valley movement blocks the entrance to OpenAI’s offices — all while the big labs keep raking in cash.
Such counterintuitive soothsaying might seem unremarkable. Bloggers sketch dystopian AI scenarios every day. Yet the Citrini memo appeared to do what few — if any — works of science fiction have done before: reduce the value of US stocks by more than $200 billion.
AI and the white-collar doom loop
To understand why the memo made such an impression, it’s worth examining its vision in more detail.
Citrini tells two distinct — but overlapping — stories. The first is about how AI could trigger a doom loop that destroys consumer demand. The narrative goes like this:
- AI advances render a steadily growing number of white-collar workers obsolete. By the end of 2026, Claude agents can do the work of “a $180,000 product manager for $200/month.” And the same is true of myriad other roles in consulting, software, real estate, financial advice, legal services, and more.
- Companies respond by cutting headcount and reinvesting their savings in AI.
- Higher investment in AI leads to more capable agents, devaluing the skills of even more white-collar workers.
- Displaced professionals slash their spending and drag down wages in the working-class economy: As laid-off McKinsey consultants start driving Ubers, rates for existing drivers fall amid heightened competition. And the same dynamic plays out in other sectors.
- AI’s productivity gains are generating massive wealth. But most of the returns flow to an extremely narrow elite. And when the super rich get richer, they don’t necessarily spend more money. Sam Altman needs only so many cars and TVs. So much of the AI industry’s profits don’t circulate back into the economy.
- Meanwhile, upper middle-class Americans are slashing their spending — either because they’re jobless or afraid they will be soon — and blue-collar workers aren’t seeing much wage growth. Thus, consumer demand collapses.
- As falling demand eats into companies’ profits, they scramble to find cost-savings. More and more discover that the easiest way to shore up their margins is to invest in AI and lay off workers.
- Higher investment in AI yields even more capable agents.
- More white-collar workers become obsolete.
- Companies respond by cutting headcount and reinvesting their savings in AI.
The cycle perpetuates itself with no natural brake.
Citrini’s second story is a micro one, focused on how AI will disrupt certain businesses and industries. The core idea is that AI agents will turbo-charge competition — and shrink rents — throughout the white-collar economy.
Here’s a summary of the memo’s basic reasoning:
- Humans have a limited tolerance for comparison shopping. We don’t have the time or patience to exhaustively research every purchase we make. Instead, we default to familiar brands. Even corporate leaders do this when choosing which enterprise software to buy.
- This has enabled incumbent businesses to charge higher prices than perfectly competitive markets would allow. In total, trillions of dollars of enterprise value rests on this kind of rent extraction.
- AI agents don’t get impatient. And they can rapidly compare prices from across the entire internet.
- By 2028, people with no tech savvy will be using AI agents on a daily basis. They’ll simply click open an app and ask it to find them the cheapest flight, best apartment listing, or lowest-fee delivery app.
- Meanwhile, AI agents will massively lower the bar to entry in the markets for software, travel booking, real estate, food delivery, and much else. Using Claude Code, a single person — let’s call him Bob — can build a new delivery platform in an afternoon.
- On that platform, Bob offers lower fees than DoorDash or Seamless to consumers, restaurants, and drivers.
- In our world, Bob’s startup probably wouldn’t get anywhere; at first, it would have few participating drivers and restaurants. Consumers would stick with the brands they knew out of habit and convenience.
- But in the world where everyone is constantly using AI agents, hungry households don’t log into DoorDash to order pad thai — they ask ChatGPT to order them pad thai through whichever delivery service is charging the lowest fees. Likewise, restaurants and drivers don’t default to working with DoorDash but rather, ask their agents to sign them up for the least extractive platform. Bob’s app can therefore replicate DoorDash’s network in a matter of days.
- Thanks to people like Bob, rents in the food intermediary economy collapse.
- Similar dynamics play out in insurance (people and firms don’t automatically renew their coverage but engage in exhaustive comparison shopping), enterprise software (corporations can build their own in-house or choose from a cornucopia of agent-built startups, forcing down rates), real estate (traditional brokerages become unnecessary as AI agents eliminate information asymmetries between buyers and sellers), and elsewhere.
With margins collapsing, these rent-extracting firms accelerate the “do layoffs, invest in AI, see lower demand because no one has jobs, do layoffs” cycle.
And then there’s a financial crisis
In Citrini’s narrative, all this puts strains on the financial system. Traders and businesses made a lot of highly leveraged bets on the then-reasonable assumptions that 1) competition would not suddenly skyrocket throughout the consumer economy and 2) highly skilled professionals would almost always be able to pay off their mortgages.
AI explodes these premises, along with some financial institutions’ balance sheets. Credit conditions tighten. The recession deepens.
There are some problems with these stories
It can be difficult to know precisely why stocks moved up or down at any given time. But on Monday, it sure looked like Citrini’s memo weighed on markets, as shares of several companies it mentioned — including DoorDash — fell unexpectedly. Many financial publications attributed these declines to the Substack post.
For one thing, Citrini said it was merely exploring one under-discussed hypothetical, not claiming that its scenario was likely to happen.
For another, there are many reasons to think Citrini’s narrative is implausible — at least, in its full details.
Here are a few prominent objections to its reasoning:
AI won’t necessarily cause mass white-collar unemployment. Generative AI has been with us for a while now, yet US unemployment remains near historic lows. Even the most AI-exposed professions have been holding up well: Job openings for software developers actually increased over the past year and radiology employment has been rising.
Every previous general purpose technology has eliminated some jobs but also created new ones. The constraint on employment has historically been fiscal and monetary policy, rather than the capabilities of machines. Human wants are infinite. And companies have found countless ways to employ human labor in service of those wants.
There are reasons to think this time will be different — but also, reasons to think it will not. And our experience thus far provides cause for taking the latter seriously.
All that money invested in AI goes somewhere. That said, the memo’s core premise — that AI will displace a wide swath of white-collar workers — isn’t implausible. Its attempt to work through the implications, though, isn’t entirely convincing
In Citrini’s scenario, AI companies are reaping world-historic profits off the largest productivity gains in nearly a century — and plowing them into new infrastructure, at a rate of $200 billion per quarter. The sector’s boom continues, even as consumer demand collapses.
But it’s not clear that these two things could actually persist simultaneously.
When AI labs pour hundreds of billions into data centers, the money does not vanish — it flows to construction laborers, electricians, plumbers, HVAC technicians, steel workers, power plant supervisors, turbine technicians, engineers, and lawyers. And those people turn around and spend a portion of their earnings on goods and services in their local areas.
An economy in which AI monopolizes investment might not be ideal for national welfare. But it isn’t obviously inimical to growth-sustaining demand. Instead of addressing this point, Citrini simply asserts that the money spent on AI doesn’t circulate through the broader economy.
DoorDash exists for a reason. On a micro level, Citrini almost certainly overestimates how easily entrepreneurs can undercut existing firms with the aid of agentic AI.
Sure, Bob can vibecode “DoorSprint” overnight and offer lower fees. But providing competitive customer service, logistics optimization, insurance, or recourse for when a driver steals a pizza isn’t easy. And coding agents can’t instantly persuade restaurants, drivers, and consumers that DoorSprint can be trusted to faithfully mediate financial transactions. Which is a big problem since — in the world Citrini sketches — agentic AI would almost certainly be minting scam apps at industrial scale every day.
Collapsing rents would increase consumer demand. But okay, let’s say Citrini is right that AI will force down prices across a wide array of industries. That would effectively redistribute income away from business owners and toward consumers: When DoorDash is forced to charge lower fees, it makes less money and its customers’ dollars go further.
This sort of redistribution increases consumer demand. Working-class Americans spend a higher share of their incomes than wealthy shareholders do. So taking a dollar from the latter — and giving it to the former — tends to increase total consumer spending in the economy.
This dynamic wouldn’t necessarily outweigh the demand-destroying factors in Citrini’s scenario. But the memo fails to even acknowledge this tension between its two stories.
The government would probably do something. In Citrini’s narrative, America’s productive capacity skyrockets: Thanks to AI, the nation can generate drastically more economic value per worker-hour than it can today.
At the same time, millions of America’s most politically and socially influential citizens are ruined.
The first development would give the US government the capacity to restore growth: It could collect massive revenues from the beneficiaries of all that new production, and give the money to Americans who’d spend it.
The second development, meanwhile, would seemingly give Congress an impetus to enact such redistribution. When high-paid consultants, lawyers, financial analysts, and software engineers are all laid off at once, they are unlikely to suffer quietly. Privileged strata abruptly losing their expected status and living standards is the stuff from which revolutions are made. If their dispossession coincided with a collapse of the broader economy, politicians would likely scramble to redirect dollars in their general direction.
All this said, Citrini’s note is still a fascinating and useful thought experiment. No one can be certain where AI is taking us. And the technology’s consequences could very well be destabilizing.
The fact that Citrini’s memo (apparently) rattled global markets is itself an indication of this moment’s radical uncertainty: Even Wall Street traders are struggling to distinguish science fiction from reality.
Tech
The iPhone 5C is making a comeback, thanks to retro-loving Gen-Z
Apple’s iPhone 5C is apparently getting a second life, and this time it is not because it was a hidden gem that was slept on.
In an NBC News segment, the network highlights a small but noticeable social media comeback for Apple’s old iPhone 5C. The sudden popularity is largely driven by Gen Z users who seem drawn to its colorful design, “throwback” camera quality, and overall retro charm.
The story is less about raw utility and more about the vibes. So after the iPod, the colorful iPhone is the next to get a revival.

Why Gen Z is suddenly into the iPhone 5C again
The appeal behind the iPhone 5C is pretty simple. Gen Z is drawn to how different it feels from modern phones. Today’s smartphones mostly look like polished slabs of metal and glass. The iPhone 5C, on the other hand, is bright, plastic, cheerful, and a little awkward in a way that now reads charming rather than cheap.
NBC notes that another reason for the renewed interest is the camera. One of the on-screen captions specifically notes that the iPhone 5C is trending thanks to its grainy photo quality. The softer and lower image quality fits neatly into the broader social media obsession with imperfect digital aesthetics, particularly with older digital cameras.
So what used to feel outdated now reads as character.

Nostalgia plays a big role
Back when it was first released in 2013, the iPhone 5C failed to meet sales expectations because it failed to be affordable, despite its “budget iPhone” pitch. It lacked the popular Touch ID, and the plastic was perceived as “cheap”.
The segment brought in Clay Routledge, an existential psychologist and author of Past Forward, to explain the deeper pull behind retro tech. He also gives the story a broader cultural frame. The comeback is not just about one old iPhone model. It is about how younger users are increasingly drawn to gadgets that feel less optimized, less overwhelming, and less trapped in today’s hyper-polished digital culture.
Tech
Dynaudio Legend Bookshelf Speakers Debut at AXPONA 2026 With Hand-Matched Rosewood Cabinets that Will Seduce You: But That’s Not Why You’ll Want Them
At AXPONA 2026, where six-figure systems are aplenty and it’s not unusual to stumble into rooms pushing past $500,000 or even flirting with $1 million, most of what’s on display exists for a very small slice of the population. That’s part of the spectacle, but it’s not always where the story is. The Dynaudio Legend bookshelf speakers stopped me cold because they don’t rely on excess to make their point. Compact, handcrafted in Denmark, and built around real-world usability, they deliver the kind of scale, detail, and physical presence that makes a lot of those megabuck systems feel like overkill. In a show full of gear chasing perfection at any cost, this is the rare product that actually makes you question where that line should be drawn — which is $7,000 in this particular case.
Danish Craft, No Shortcuts: Why the Dynaudio Legend Stands Out
Listening to music should feel like a break from everything else. At a busy show, that’s harder than it sounds—but the Dynaudio Legend made a convincing case without trying too hard. That was clear before I even realized they’re using Dynaudio’s best tweeter here, which explains a lot about the control and refinement I was hearing.
Dynaudio doesn’t cut corners. It never has. That shows up here in a straightforward way: consistent parts, consistent tuning, and a compact design that doesn’t try to overreach. What changes from pair to pair is the finish.

Each cabinet uses natural rosewood veneer that’s selected and matched by eye, paired with Jatoba hardwood corner pieces that complement the grain. Final assembly is done by hand in Denmark. No two pairs look exactly the same, but they’re all built to the same standard.
The finish deserves mention because it’s noticeably better in person than in photos—more depth, more texture, less “factory uniform.” It’s the kind of detail you notice up close, not from across the room. And for those losing their minds online because they don’t look like $7,000 loudspeakers—the reality is they look sensational in person, and that’s what actually matters.
I’ll admit they got my attention for practical reasons as well. As I think about building out a home office and splitting time between New Jersey, Florida, and Texas; this is the type of speaker that makes sense: compact, well-built, and visually distinct without being over the top.
There’s nothing complicated about the pitch here. Every pair is unique in appearance, but the approach is consistent. And that consistency is really the point.

Specifications and System Context
The Dynaudio Legend is a compact two-way, rear-ported bass reflex bookshelf speaker designed for smaller spaces and more focused listening setups. It uses a 28mm Esotar 3 tweeter with Hexis; Dynaudio’s top-tier high-frequency driver paired with a single 15cm MSP (magnesium silicate polymer) mid/bass unit. The crossover is set at 3,500Hz with a second-order topology, and the rated impedance is 6 ohms.
On paper, the sensitivity is a modest 83 dB (2.83V/1m), with frequency response specified from 60Hz to 28kHz. Power handling is rated at 150 watts, which tells you everything you need to know: these are not speakers you throw on the end of a budget integrated and call it a day. They need current, and they respond to it.
That explains the rather serious MOON by Simaudio network amplifier used in the demo system. Even in a relatively small room: think den, bedroom, or office, the pairing made sense. This wasn’t about filling a cavernous space; it was about control, headroom, and getting the most out of that low sensitivity.
Physically, the Legend measures 31.1 cm (12 1/4 inches) tall, 18.6 cm (7 1/3 inches) wide, and 27.1 cm (10 2/3 inches) deep, with a weight of 6.3 kg (14 lbs) per speaker. In practice, that translates to an easy fit on proper stands or a solid shelf setup.
The system I heard leaned into nearfield listening from a leather sofa positioned fairly close to the speakers. In that context, the Legend’s scale and control made a lot of sense—this is a speaker designed to work in real rooms, not just showrooms pushing six figures.

The Danes Heard the Internet Naysayers and Carried On Anyway
Right off the bat, what stood out was how composed they stayed at higher listening levels. These are passive bookshelf speakers, and while Dynaudio offers a dedicated stand, it felt a bit too low in this setup. I preferred them on a media credenza, which brought the drivers into a better position and made the overall presentation more convincing.
You can push these harder than you probably should. Not that you need to because they’re engaging at lower levels, but when the volume goes up, they don’t lose their grip. With electronic tracks that lean on impact and control, the Legend held together without sounding strained or thin.

That also puts to rest one of the louder online takes floating around from people who haven’t actually heard them: that there’s no meaningful bass below 60 or 70 Hz. That’s not what I heard. In-room, with proper amplification, there’s usable, convincing low-end extension. No, they’re not replacing a subwoofer on paper, but the idea that they fall off a cliff down low doesn’t line up with reality.
In fact, I found them to be rather hard hitting. For my listening; electronic, metal, new wave, and progressive synth rock, I wouldn’t feel the need to add a subwoofer.
The midrange leans warm, but it’s controlled and doesn’t drift into thickness. Vocals have weight, instruments have body, and nothing feels pushed forward just to grab attention. It sounds intentional, not romanticized.
Up top, this is where things separate quickly. Dynaudio is using its best tweeter here, and it shows. The treble is open and extended with real air, plenty of energy, and strong detail retrieval, but it never turns hard or brittle. You get resolution without edge, which is harder to pull off than it sounds.
What caught me off guard was the overall sense of scale. These don’t sound like small bookshelf speakers. The presentation is wider than expected, with a soundstage that stretches well beyond the cabinets and holds together even when things get busy.
And yes, there were moments where I actually laughed out loud with familiar tracks. Not because I forgot my meds, though thanks for the reminder, but because they delivered something I wasn’t expecting. These are better than they have any right to be based on size alone, and they make that point pretty quickly.
In the context of AXPONA 2026, where it’s easy to get desensitized by six-figure systems, the Dynaudio Legend stands out for a simpler reason: it makes sense. Solid engineering, real-world size, and performance that holds up under scrutiny. At $7,000, it’s not inexpensive, but most certainly one of the few speakers that I listened to so far that I would consider buying.
For more information: Dynaudio Legend
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Tech
Geshelli’s Torc DAC at AXPONA 2026 Lets You Have It Your Way Because Different Strokes for Different Folks
Geshelli doesn’t do “launch hype.” Maybe a little. They build something, tear it apart, rebuild it again, and only then let it out into the world. The $699.99 TORC DAC that showed up at AXPONA 2026 isn’t some carryover from last fall; it’s the version that survived that process. And it shows. After spending time with their gear at CanJam NYC 2026, we were already paying attention. The TORC gave us a reason to stop and then stay while it took control of the room with some Metallica and a rather large pair of SVS floorstanders. Add one of the most colorful setups at the show and it felt less like a demo and more like a full-blown music party under the sea.
Which is impressive, considering we’re in Schaumburg. Closest thing to an ocean here is Lake Wazzapamani and even that’s a rather heavy ask.
Because this isn’t just another DAC with a new chip and a slightly shinier faceplate. The TORC is Geshelli doubling down on what they do best: practical engineering, modular thinking, and pricing that doesn’t assume you just sold a kidney to be here.
And here’s the part that makes some of the room a little uncomfortable; it’s a family operation, it’s built in the U.S., you can actually afford it, and it’s not cutting corners to get there. That combination isn’t supposed to exist. But here we are.
Finally a DAC That Doesn’t Expire the Second a New Chip Drops
The TORC is built around a genuinely modular architecture and not the usual marketing version where “upgradeable” really means “buy the next model.” At its core is a swappable DAC module (the GDAC card), which lets you choose between different conversion paths; AKM, ESS, Burr-Brown, even R2R, and change them later without replacing the entire unit. Each module has its own onboard power regulation, so you’re not just swapping chips, you’re changing how the DAC behaves at a fundamental level.
Geshelli didn’t stop there. The TORC uses four socketed mono op-amps instead of the typical dual configuration, which improves channel separation and gives you direct control over the output stage. If you want to tweak the sound, you physically swap op-amps. No menus. No DSP tricks. Just hardware doing the work.

On the digital side, inputs are relay-switched—an old-school approach that physically disconnects unused inputs to reduce noise. It’s more complex to implement, but it works better than the shortcuts most DACs take. You get a solid baseline of connectivity with dual coaxial and dual Toslink inputs supporting up to 24-bit/192kHz PCM, and there’s an optional Amanero USB interface that pushes things much further; up to 32-bit/768kHz PCM and DSD512, depending on the DAC module installed.
Power is handled internally with a 20W AC/DC supply using a standard IEC connection, and it’s not just a single rail feeding everything. The TORC separates digital (7V, 5V, 3.3V) and analog (±11V) power rails, each with its own filtering, plus an isolated supply for the optional expansion card. That kind of separation keeps noise where it belongs—away from the signal path.
Output options are equally flexible, with both RCA (unbalanced) and XLR (balanced) connections standard. And if that’s not enough, the optional GIO (Geshelli Input/Output) expansion adds AES input, additional SPDIF connections, extra RCA output, and even a 4.4mm balanced output.
Which brings us to the part most companies conveniently ignore longevity. The TORC is designed to evolve. You can swap DAC modules, change op-amps, upgrade inputs and outputs, and update firmware as needed. At $699.99, it’s not trying to be disposable and it doesn’t behave like it either.
Most DACs are a dead end. New chip drops, new box shows up, and your “investment” becomes a paperweight.
What Is This Going to Cost Me?
The Geshelli Labs TORC starts at $699.99, and that gets you a fully functional DAC with your choice of standard DAC modules; AKM4493, Burr-Brown PCM1794, or ESS ES9039Q2M along with OPA1655 or OPA1641 op-amps. At that price, you’re not getting a stripped-down entry point; you’re getting the core experience with balanced (XLR) and unbalanced (RCA) outputs, multiple SPDIF inputs, and the modular platform already in place.
Where things get interesting—and more expensive—is when you start customizing. Upgraded DAC modules range from about $128.99 to $259.99 if installed at purchase, including options like the ESS ES9026PRO, ES9039PRO, AKM4499 (single or dual mono), and even the AD1862R R2R module at $249.99. If you want to own multiple DAC boards to swap later, those run separately between $178.99 and $309, depending on the configuration. That’s the whole point of the TORC—you’re not replacing the DAC, you’re swapping its personality.
Op-amp rolling is another rabbit hole. Since the TORC uses four mono op-amps and all four must match, your upgrade cost lands between roughly $159.60 and $240 depending on whether you go with Sparkos, Sonic Imagery, Staccato, or Burson options. It’s not mandatory, but if you’re chasing a specific sound signature, it’s part of the appeal.
Add-ons are relatively painless by comparison. The optional Amanero USB input is $50, and the GIO expansion board, adding AES, additional SPDIF, RCA, and even 4.4mm balanced output—is another $50. Cosmetic choices like case color, LED ring, and feet don’t appear to impact pricing, but they do let you personalize the unit far more than most gear in this category.
So where do you land? Stick with the base unit and you’re in at $699.99. Add a better DAC module and USB, and you’re realistically in the $850 to $1,000 range. Go all-in with multiple DAC boards, premium op-amps, and expansion options, and you can push past $1,200 without trying too hard. The difference here is that you’re building one DAC that evolves with you and not replacing it every time something new drops.

For Whom the DAC Tolls and It Hits Hard
Nothing like some older Metallica requested by a couple of listeners in their 20s to get things moving. The TORC was feeding a pair of G-BLOK monoblocks, each a fully balanced Class A/B differential design rated at 200 watts into 8 ohms, and they didn’t exactly ease into For Whom the Bell Tolls. The presentation was robust, clean, and tight right out of the gate, with real grip in the low end and no sense of strain as the volume climbed. If there was a slight dryness to the overall balance, it was hard to pin on one culprit; the amps were clearly in control, but the TORC wasn’t adding any extra warmth to soften the edges either.
What makes the TORC unique is simple; it doesn’t expire. Modular DAC boards, swappable op-amps, and expandable I/O mean it evolves instead of getting replaced.This is a platform, not a dead end. And after hearing it here, we’re absolutely down to get one into the home system and see what it can really do.
For more information: geshelli.com
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Tech
Trump Threatens CNN For Very Basic Reporting On His Shitty, Unpopular War
from the this-is-all-extremely-stupid dept
In case you’ve been asleep, what appears to be an increasingly mentally unstable Donald Trump has further destabilized the middle east with a war nobody asked for or wanted. Most U.S. media coverage of Trump’s disastrous Iran war hasn’t been great, but they’ve still occasionally managed to communicate the pointlessness of the endeavor to the electorate (which speaks more of the unpopularity of the war than their reporting chops).
Trump recently announced a “cease fire” with Iran (which apparently isn’t even a cease fire), but refused to state what the conditions of the cease fire or long term peace actually are. The Iranian Security Council issued a list of ten demands that, if agreed to, would leave Iran in a stronger position than when this whole idiocy started:

Some news outlets, like CNN, simply reported directly on what Iran had claimed. This, as you might expect, upset Donald Trump and his top FCC censor Brendan Carr, who are now threatening an “investigation” of CNN for simply repeating what was publicly stated:
Not mentioned (of course) is the fact that Fox News also reported the Iran statement, yet avoided being called out by the president:
Trump later would issue another statement over at his right wing propaganda website, calling for criminal action against CNN (and CNN only), while making up a whole bunch of nonsense (he may or may not believe is actually true):
Trump’s sensitivity here suggests they’re well aware that a massive, superior military has been getting dog-walked by Iranians because Trump and his advisors were too stupid to understand modern, cheap drone warfare and how shipping in the Straight of Hormuz actually worked. The shipping logjam is driving up gas prices and making life difficult for Republicans ahead of the midterms.
There is, of course, absolutely zero basis for any meaningful criminal action against CNN here of any kind that wouldn’t be laughed out of court on free speech grounds. As we’ve seen with corporate media that doesn’t mean they won’t still capitulate embarrassingly, but so far CNN is standing its ground. As it should, since again, all it did was report on an Iranian statement in a very basic way alongside dozens of other news outlets.
The bigger threat, as I keep noting, is CNN’s looming acquisition by Larry Ellison as part of the Paramount Warner Brothers merger. CNN under current management is already very friendly to right wing ideology (see its enthusiastic platforming of MAGA bullshitter Scott Jennings). Under Ellison’s ownership (see: Bari Weiss at CBS) there’s little doubt CNN will be converted into yet another Trump agitprop network.
At which point, Trump will move on to threatening any remaining U.S. corporate media outlets that haven’t either embarrassingly capitulated or been purchased by a right wing billionaire. This is, as I keep repeating, an exact copy of Victor Orban’s autocratic media policy in Hungary, which involves having party-loyal oligarchs buy up all corporate media outlets and pummel the public with propaganda while the government strangles what’s left of real, independent reporting just out of frame.
Filed Under: brendan carr, donald trump, first amendment, free speech, iran, iran war, journalism, reporting, straight of hormuz, trump
Companies: cnn
Tech
Digging Into The Twilight Hack That Brought Us Wii Homebrew
With each new game console, there’s an effort to get around whatever restrictions exist to run your own software on it. In the case of the Nintendo Wii, the system was cracked through one of its most popular games — The Legend of Zelda: Twilight Princess. How this hack works was recently covered in detail by [Skawo].
The key for this ‘Twilight Hack‘ is to use a modified game save that allows you to run arbitrary code from an SD card, something which was first patched out of the Wii firmware with version 3.3. As shown in the video using the source code, the basic concept is that the name of Link’s horse in the game is changed in the save file to be longer than the allocated buffer, which leads to a buffer overflow that can be used to reach the application loader code.
Interestingly, while the horse’s name can only be 8 characters long, and the buffer is 16 bytes (due to ShiftJS two-byte encoding), the save file loading code allocates no less than 100 bytes, for some reason. Since the code uses strcpy() instead of strncpy() (or C11’s strncpy_s()), it will happily keep copying until it finds that magic 0x00 string terminator. Basically the horse can have any name that fits within the save file’s buffer, just with no null-byte until our specially crafted payload has been copied over.
Although it took Nintendo a few months to respond to this hack, eventually it was patched out in a rather brutal fashion by simply searching for and wiping any modified save files. Naturally this didn’t stop hackers from finding ways to circumvent this save file check, which led to more counter-fixes by Nintendo, which led to more exploits, ad nauseam.
Even with firmware update 4.0 finally sunsetting the Twilight Hack, hackers would keep finding more ways to get their previous Homebrew Channel installed, not to mention so that they could keep watching DVDs on a Wii.
Tech
ATC EL50 Anniversary Active Speaker Launches at AXPONA 2026 for $100,000 and Has a Lot to Prove
$99,999 is a lot of money for almost anything. Let alone a pair of loudspeakers. It’s a king’s ransom. The ATC EL50 Anniversary Active loudspeakers roll into AXPONA 2026 carrying that number like it’s no big deal, but let’s not pretend otherwise.
I have a weird allergy to most speakers over $20,000. I’ve heard plenty, and once you get anywhere near six figures, I stop being impressed by specs and start looking for something that actually justifies the insanity. So far at this show, only two systems in that range have managed to do that. Everything else? Expensive, competent, and ultimately forgettable.
ATC doesn’t usually play the hype game. Their reputation is built on studio-grade accuracy and engineering that actually shows up in the listening. But at $99,999, none of that gets a free pass. The ATC Statement EL50 Anniversary loudspeakers needed to be mindblowing. Did they succeed? Let’s take a look.
Press breakfasts are part of the routine at trade shows like AXPONA 2026, but let’s not confuse hospitality with influence. I’m always up for a proper English breakfast minus the bacon or bangers because kosher rules still apply. Coffee, eggs, maybe some toast. That’s not a payoff. That’s survival.
What it actually is: “Morning, boys. You spent a few grand to get here. Here’s something so you don’t pass out before noon.” Fair enough. We appreciated it and moved on.
Let’s get one thing out of the way before anyone starts sharpening knives on social media. Breakfast doesn’t buy coverage. It doesn’t buy opinions. And it definitely doesn’t buy a pass on a $99,999 loudspeaker that better deliver something more than a polished sales pitch.
There was some noise last week from a certain Editor and Publisher on Facebook suggesting otherwise. That we’re all somehow in the pocket. That access equals allegiance. That’s a convenient narrative if you’re not actually in the room doing the work. And was he including himself in that rant? I have stories.
But here’s the reality. If a plate of eggs is enough to sway your editorial integrity, that says a lot more about you than it does about anyone sitting at that table.
Now that the air is clear, back to the part that actually matters. The gear.

Why the ATC EL50 Anniversary Costs $99,999
The ATC EL50 Anniversary is expensive for a very specific reason. It is not a passive loudspeaker that needs to be matched with external amplification. It is a fully active 3 way system with amplification, crossover, and drivers all engineered to work together as a single platform. The crossover is handled at line level using a fourth order Linkwitz-Riley active design with crossover points at 380Hz and 3.5kHz, which allows each driver to be controlled more precisely than in a traditional passive speaker. Each driver has its own dedicated amplifier channel with 200 watts for the bass, 100 watts for the midrange, and 50 watts for the tweeter, all using ATC’s discrete grounded source MOSFET Class A/B amplification running fanless with convection cooling.
ATC also builds its own drivers in house, and that has been central to its design philosophy for decades. The system is designed to cover a frequency range from 32Hz to 25kHz within a -6dB window, which is sufficient for full range reproduction in most rooms without relying on a subwoofer. Distortion is kept extremely low, with THD around 0.0015 percent just below rated power, and matched pair tolerance is held to ±0.5dB, which ensures consistency between channels. Maximum output is rated at 112dB per pair at one meter in anechoic conditions, which gives it enough headroom for larger spaces without strain.
The cabinet design follows the same thinking. The curved enclosure and softened edges are intended to reduce diffraction and improve off axis behavior, while the multi layer construction increases rigidity and reduces unwanted resonance. Each speaker stands just under 56 inches tall, over 18 inches wide, and nearly 14 inches deep, and weighs 139 pounds. This is a physically large and heavy loudspeaker, and that mass contributes to overall stability and reduced cabinet interaction.
Connectivity is straightforward but purposeful. The EL50 uses a balanced XLR input with switchable input sensitivity, along with a bass shelf adjustment from -2dB to +3dB to help with room integration. There is also a 12V trigger input and link for system control, and built in protection circuits for DC offset and thermal management with active limiting to maintain reliability under load.
In practice, you are paying for a system where the major variables have already been addressed at the design stage rather than left to system matching. That approach has long been part of ATC’s presence in professional studios, and it carries over directly into a product like the EL50.
The room at AXPONA 2026 was not especially large, which likely worked in its favor. The rest of the system included a balanced ATC preamplifier, along with an Innuos ZENith NG network player and a Playback Designs MPD-8 DAC. That digital front end alone totals close to $50,000, with cabling handled by WireWorld.

No Place to Hide at $99,999
Where do you even begin with something like this? Fine. Here goes.
I was the first one in the room. Of course I was. I’ll show up early for my own execution. Expectations were high, borderline unreasonable, but that comes with the territory at this level. I’ve been burned before by speakers in this price range. Big promises. Impressive specs. And then…nothing. Polite. Safe. Forgettable. I wasn’t in the mood for that again. I was still hungry.
There’s a moment most speakers completely fumble. That split second before the music actually starts. The air shifts, the room tightens, and you’re waiting for something to happen. Your brain knows what’s coming, but your body hasn’t caught up yet. When it’s done right, your heart skips. When it’s not, you’re already checking out before the first note lands.
ATC didn’t miss.
That first transient hit and something locked in. Not exaggerated. Not hyped. Just there—with a sense of presence and control that felt immediate and real. It didn’t creep up on you. It arrived. And it hit with the kind of conviction that makes you sit up without thinking about it.
It’s hard to explain without sounding ridiculous, but it felt like the first time you finally kiss someone you’ve been thinking about for way too long. There’s anticipation, sure, but then there’s that moment where it actually happens and it’s better than you built it up to be. More intensity. More weight. More passion. And suddenly you’re not analyzing anything anymore. You’re just in it.
And that was the first 20 seconds.
At that point, I wasn’t thinking about price, specs, or whether this was “worth it.” I was just trying to keep up.
Another huge positive? The bass is actually under control.
Not polite. Not neutered. Controlled. And that’s a big deal because this is where a lot of speakers in this category fall apart. They either overdo it to impress in five minutes or they hold back and sound like they’re afraid of their own capabilities.
The EL50 doesn’t do either.
If the bass is in the recording, it shows up with authority. If it’s not, the speaker doesn’t invent it. The midbass in particular is doing a lot of heavy lifting here—resolute, tight, well defined, and absolutely critical to how this speaker holds everything together. There’s no bloom, no excess weight hanging around where it shouldn’t be, and no sense that the room is being pushed past its limits.
And let’s be clear, this is not a small speaker. It looks imposing. The bass driver looks like it has a job to do and zero interest in compromise. But the presentation never tipped into something disproportionate or overblown. It sounded big, yes—but in a way that felt grounded. Real, for lack of a better word.
That’s the part that stuck with me.

It never overloaded the room. It never tried to dominate the space just because it could. It just scaled naturally with the music, which is harder to pull off than most designers would care to admit.
At some point, I realized I was mentally rearranging my entire review schedule for May and June just to figure out how to spend more time with these. That’s not normal behavior.
I will never be able to afford these. And that’s fine.
No, it isn’t. But it’s what I’ll be telling myself for a very long time. Bugger.
For more information: atc.audio
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