But none of that has been proven to be true. The Financial Times reported Wednesday that there has been no evidence of oil money going back into the hands of the Venezuelans Trump claimed to care for, and that Venezuela’s first-quarter gross domestic product was the lowest it’s been in five years….
It seems clear that the most corrupt president in history is withholding oil revenue from Venezuelans who badly need it, as oil makes up nearly a quarter of the entire country’s GDP. In January, Semafor reported that Trump would be keeping proceeds from the first $500 million sale of Venezuelan oil in an offshore bank account based in Qatar. It might be worth checking up on that account.
That is another important topic that reporters could be asking Trump about.
This story is at the top of Memeorandum today, and it is crazy. It appears that the Department of Education may have rigged the outcome of the National Civics Contest.
Sam Fortier at Notus: Suspicion and Doubt at the National Civics Contest.
The morning after the competition, Aangad Singh’s family was trying to figure out what went wrong. They were walking through the National Museum of Natural History, going over answers, doing the math.
“It doesn’t make sense,” said his mother, Ramandeep.

Aangad Singh, 15, competes in the Presidential 1776 Award competition. Jalani Morgan for NOTUS
Ramandeep was good at numbers. But she couldn’t make them explain how her 15-year-old son had missed the top three in the Presidential 1776 Award competition, the civics contest for high schoolers that President Donald Trump’s party planners had created to celebrate America’s 250th birthday. She had watched the first round, when the field was whittled from 20 to eight, and the second round, when it went from eight to three. There was celebrity host Mario Lopez, an exclusive broadcast deal with CBS and a Kennedy Center stage that mixed game show spectacle with civic pageantry. The only thing missing was a scoreboard.
She told herself not to complain. She didn’t want to be that mom, a sore loser whose kid could never fail. On their way out, though, other parents kept stopping them.
“Shocked,” said more than one.
Later, a boy stopped her and said a group of contestants had kept score themselves.
“We thought he won,” the boy said.
She approached an official from the Department of Education, which had helped run the contest, and asked for the final scores.
“Proprietary,” the official said.
The scores are secret? What the hell? Please read the whole thing. And here’s a clue: these are the top three contestants:

The three finalists meet with President Donald Trump alongside Education Secretary Linda McMahon and contest host Mario Lopez in the Oval Office. Molly Riley, Official White House Photo
In Iran war news, Trump is threatening war crimes again.
The New York Times: Iran War Live Updates: Trump Threatens Retaliation Against Civilian Targets if Iran Strikes in Strait.
President Trump threatened on Wednesday to strike bridges and power plants in Iran if it targeted any more ships in the Strait of Hormuz, as the prospect of a prolonged conflict pushed the price of oil to its highest level in over a month.

An image taken from social media and verified by The New York Times showing a damaged portion of a bridge in Hormozgan Province, Iran, on Friday.Credit…Social Media, via Reuters
“Any time the Islamic Republic of Iran shoots at a ship” in the strait, Mr. Trump said on social media, U.S. forces would hit the sites, including in or near the capital, Tehran. Deliberate strikes on civilian infrastructure could be considered a war crime under international law.
Mr. Trump has escalated his threats through weeks of rising bluster and deadly military exchanges, in which the United States has failed to either stop Iranian attacks or force the country’s hard-line leaders, who want to prolong the war, back to the negotiating table.
The threats also reflected how much the focus of the war has narrowed into a fight over the strait, a critical passage for global oil and gas, even as Mr. Trump maintains that his wider objective is preventing Iran from building a nuclear weapon. The strait was open and free to transit before the war began, but Iran has proved it can effectively control traffic with threats of strikes and, in doing so, gained powerful leverage over global markets.
The latest escalation came as Iranian officials had already reported recent strikes on bridges, and as Secretary of State Marco Rubio said that the United States would keep waging war as long as Iran tried to control the strait. Iran’s attacks on vessels there have brought ship traffic there to a near-total halt.
While Mr. Rubio left the door open for diplomacy after another night of U.S. and Iranian strikes across the Persian Gulf, he told reporters in Manila that Iran at this point was “not serious about talks,” arguing that Tehran had violated a preliminary agreement that says it should allow ships to transit the strait.
It’s too bad Trump can’t keep his big mouth shut for once.
The book by Maggie Haberman and Jonathan Swan, Regime Change, is doing very well, and Trump is not happy about it.
Isabel Van Brugen at The Daily Beast: Trump’s Bid to Bury Embarrassing Book Backfires Spectacularly.
A book filled with damning revelations about Donald Trump’s second term is on track to be the bestselling nonfiction work of 2026, despite the president’s best efforts to undermine it.
The book, Regime Change: Inside the Imperial Presidency of Donald Trump, by New York Times reporters Maggie Haberman and Jonathan Swan, has sold over 500,000 units since its June 23 publication and has topped the New York Times nonfiction bestseller list for three consecutive weeks, Axios reported on Wednesday. The figure includes hardcover, audio, and e-book sales.

Maggie Haberman and Jonathan Swan, authors of Regime Change, on Meet the Press last month. Photo Shannon Finney, NBC via Getty Images
The strong sales follow a furious public attack by Trump, 80, who lashed out at Haberman in a post on Truth Social shortly after the book’s release.
“Based on a very quick and boring briefing concerning the Magot Hagerman book about me, it is mostly made up, Fake News, largely fiction, as have been most of the things she has written about me for so many years,” Trump, 80, wrote, intentionally using an insulting nickname for the veteran New York Times reporter….
He tore into Haberman, calling her “a third rate writer and intellect” without mentioning Swan.
According to Axios, Simon & Schuster has ordered a seventh printing of Regime Change, bringing the total number of hardcovers in print to 460,000. The publisher had already ordered an additional 150,000 copies on publication day to meet unexpectedly strong demand.
“Maggie and Swan pierced the veil of a White House that has been pretty locked down on scoops and scenes. ‘Regime Change’ is a unicorn of publishing. It goes well beyond political circles to people who are hungry for a narrative and frame to make sense of Trump 2.0. Even Trump and his team aren’t disputing the facts.”
Read some embarrassing tidbits from the book at the Daily Beast link.
This is interesting from Reuters: French modelling scout linked to Epstein found dead.
PARIS, July 22 (Reuters) – Daniel Siad, a modelling scout with ties to the late convicted sex offender Jeffrey Epstein, has been found dead at his home outside Paris, prosecutors said on Wednesday.
Siad’s body was discovered on Monday evening. An autopsy will be carried out to determine the cause of death, the Nanterre prosecutor’s office said.
Siad’s name appeared nearly 2,000 times in the Epstein files released by the U.S. Department of Justice.
According to French media, at least five women accused Siad, 69, of rape and human trafficking, allegations Siad denied.
Siad’s lawyer told Reuters in an emailed statement that the modelling scout was never formally the subject of judicial proceedings….
Siad told French broadcaster BFM in May that his relationship with Epstein was strictly professional.
“Daniel Siad never stopped proclaiming his innocence,” his lawyer, Meyna Arab-Tigrine, said. Siad had died of a heart attack, she added.
This seems like a very bad idea to me. Trump wants to let Saudi Arabia start down the road to owning nuclear weapons.
David E. Sanger, Edward Wong, and William J. Broad at The New York Times: Saudis Reach Deal With U.S. That Could Let Them Enrich Nuclear Fuel.
The Trump administration plans to announce Wednesday that it has reached a broad nuclear agreement with Saudi Arabia that could lead to the country enriching its own fuel for nuclear reactors, U.S. officials said.
The accord is intended to further bind the United States with the Saudi government as the war with Iran strains the relationship. The Trump administration, according to officials, estimates it will provide billions of dollars for the U.S. nuclear industry — starting with Westinghouse, which designs many of the reactors sold abroad.

Trump and Saudi Prince Mohammed bin Salman in oval office
The Trump administration plans to formally sign and announce the agreement with the Saudis on Wednesday, said two U.S. officials, who spoke on the condition of anonymity to discuss sensitive diplomacy. It would announce the details to Congress soon afterward.
Although the agreement likely would have support among many Republicans, some U.S. lawmakers from both parties along with Israeli officials have expressed opposition to such a plan, fearing that the kingdom could use a civilian nuclear project to eventually develop nuclear weapons.
Secretary of State Marco Rubio told reporters traveling with him in Manila on Wednesday that he had nothing to say about any nuclear agreement with Saudi Arabia. “Maybe later today, once Washington wakes up, there is an announcement,” he said. “I promise you’ll know about it.”
Asked about concerns that the agreement could lead to Saudi Arabia developing nuclear weapons, Mr. Rubio said, “Suffice it to say, the U.S. is not going to reach any agreement with any country in the world that leads to the risk of proliferation.”
The accord has been under discussion for years, and during the Biden administration it was envisioned as part of a broader deal that would include Saudi diplomatic recognition of Israel. But after the Oct. 7, 2023, attacks on Israel by Hamas, that prospect receded. President Trump separated the proposal for U.S.-Saudi civilian nuclear cooperation from any demand that Saudi Arabia recognize Israel.
The agreement will require review by Congress, which under the Atomic Energy Act has the power to vote a resolution of disapproval. But as a practical matter, the agreement would likely pass, because Congress would have to assemble a veto-proof majority to override Mr. Trump’s initiative.
Politico reports on another Middle East giveaway by Trump: Staff warned of major security risks from giving UAE new tech access. The White House went ahead anyway.
The Trump administration ignored warnings from career staff at the Commerce Department when it granted the United Arab Emirates sweeping access to advanced American semiconductors and other technology, according to three former officials with knowledge of the reports and two other people familiar with the matter.
The Commerce Department’s Bureau of Industry and Security announced on July 10 that it was loosening restrictions on sensitive tech exports to the UAE, a key ally in the war in the Middle East whose leaders pledged last year to invest more than $1 trillion in the U.S. over the coming decade. According to one of the people familiar and two former officials, the announcement surprised staff inside the agency, which is tasked with securing American tech from adversaries and criminals. It also ran directly against recommendations staffers submitted to senior Trump administration officials at the department last year.
The five people said agency staff compiled and circulated multiple internal reports and memos last fall documenting security risks tied to G42, the UAE’s state-backed AI giant, and its affiliated companies. In the assessments, which have not been previously reported, staff warned that expanding the companies’ access to U.S. technology — such as cutting-edge processors from companies like Nvidia, as well as the powerful AI models built with them — made it more likely the technology would get into the hands of adversaries. In particular, they flagged concerns about China’s influence in the Emirates.
“It is an open secret that the UAE is the primary diversion point for sensitive U.S. technologies in the Middle East — by orders of magnitude,” said one of the people familiar, who like others in this story was granted anonymity to describe internal deliberations.
But senior Commerce officials who were presented with the reports, including Jeffrey Kessler, the Commerce undersecretary in charge of BIS, ultimately brushed aside the warnings, the people said.
One more shocking story in this wide-ranging post:
Kate Taylor at Wired: Taylor Farms Spent Big on MAGA and Anti-Regulatory Lobbying Before Diarrhea Outbreak.
The lettuce supplier at the center of the turbo diarrhea outbreak has spent millions of dollars to sway sentiment around food regulation and elect Donald Trump and other MAGA Republicans, according to public filings.
Taylor Farms donated more than $2 million to conservative political groups in 2025, according to Federal Election Commission filings. That includes a $1 million donation to MAGA Inc., the Trump-centric super PAC, and $1.1 million to other super PACs dedicated to electing Republicans.

Bruce Taylor, CEO of Taylor Farms
From 2020 through the end of 2024, the company donated more than $1.6 million to conservative PACs, including a total of $850,000 to AFP Action, an anti-regulation super PAC with ties to the Koch network.
Bruce Taylor, the chairman and CEO of Taylor Farms, is also a longtime donor to Republican causes. Since 2020, Taylor has personally donated more than $900,000 to Republican PACs and candidates, including contributions to Texas senator John Cornyn and Tennessee senator Marsha Blackburn.
Like many corporate giants, Taylor Farms has also spent big on lobbying related to industry regulation. In early 2025, it hired lobbyists at the firm Sidley Austin to advocate on behalf of the company on “regulation of food safety,” according to disclosure documents. Since then, the company has spent $810,000 on its lobbying efforts.
Marion Nestle, a food policy expert, said that Taylor Farms’ donations are part of a wider problem in the American food industry: that multibillion-dollar companies use their financial resources to push policies that would reduce food safety regulation and accountability when outbreaks occur.
“The FDA has regulations in place for what food producers are supposed to be doing, but nobody wants to do it—because it’s expensive and difficult,” Nestle told WIRED.
In a post on X, the US Department of Health and Human Services emphasized that Taylor Farms’ political donations did not influence the Trump administration’s response to the cyclospora outbreak.
“This is how the FAKE NEWS works: imply collusion, ignore the facts,” the HHS account posted on Monday. “Nothing influences our decisions except science and the safety of the American people.”
Riiiiiight. I don’t believe that for one minute.
That’s all I have for today. Thoughts? Are there other stories you’d like to share?
Enjoy the rest of your Wednesday.
I’m a human barometer today. The pressure of the incoming Bertha is messing with my sinues, my bones, and my head is aching now. It doesn’t seem like it’s going to be much, but wow, these pressure changes are really intense for some reason.
That’s a really interesting story about your mother. I’ve been having really intense dreams recently and all have a similar theme. Not the only one here with the same experience this week in the house. It’s puzzled us.
What Did Trump Do With the Billions He Collected From Venezuelan Oil?Billions in revenue from Venezuelan oil has gone missing—and the Trump administration keeps changing its story.
The Trump administration has raked in about $13 billion after taking over Venezuela’s oil exports in the wake of its kidnapping of President Nicolás Maduro, according to a Financial Times analysis. But six months later, and one month after two devastating earthquakes, that money is nowhere to be found.
When Trump first seized the “millions of barrels” of oil back in January, he assumed complete control. His administration eventually proclaimed that it would use any profit from the sales for “the benefit of the American people and the Venezuelan people.” The State Department has since claimed that “billions of dollars have been disbursed to the Venezuelan economy” and that “financial monitoring is under way to ensure funds benefit the Venezuelan people.”
But none of that has been proven to be true. The Financial Times reported Wednesday that there has been no evidence of oil money going back into the hands of the Venezuelans Trump claimed to care for, and that Venezuela’s first-quarter gross domestic product was the lowest it’s been in five years.
“Trump’s invasion of Venezuela has been about oil, power, and graft from the very beginning, with billions of dollars in Venezuelan oil revenue being controlled by the Trump administration without transparency or safeguards,” Democratic Representative Joaquin Castro told the FT, adding that all of Congress had been “kept in the dark” by the Trump administration. And on Tuesday, Republican Representative María Elvira Salazar called on Trump to make the transactions known, citing “the importance of transparency over where the money is going.”
It seems clear that the most corrupt president in history is withholding oil revenue from Venezuelans who badly need it, as oil makes up nearly a quarter of the entire country’s GDP. In January, Semafor reported that Trump would be keeping proceeds from the first $500 million sale of Venezuelan oil in an offshore bank account based in Qatar. It might be worth checking up on that account.