Once China’s Richest Man, Evergrande Founder Hui Ka Yan Gets Life In Prison — And The Property Crisis Rolls On

Hui Ka Yan, the founder and once richest man in China of property developer China Evergrande Group, has been sentenced to life in prison for fraud and bribery in one of the biggest corporate collapses in history.

Hui Ka Yan, the chairman of Evergrande Property Services, was found guilty of fraud by a Chinese court on Thursday and sentenced to life in prison, along with a number of other defendants, including his two sons. Xu Tenghe and Xu Zhijian were also found guilty of crimes committed as part of the business dealings of their father.

He was arrested in 2023 while abroad after he had pleaded guilty in April 2023 to multiple counts brought against him as the former chairman of the now-bankrupt property developer including dishonesty offenses and the misuse of funds. He was at one stage the world’s richest man and was the number one ranked person in China’s rich list, compiled by China’s rich list magazine Fortune China, which ranked individuals by their estimated net worth.

Evergrande became the symbol of China’s massive property market financed by massive amounts of debt that eventually collapsed under the weight of Beijing’s tighter leverage rules. Its highly publicized default in 2021 triggered a massive systemic crisis in China’s entire property sector and got the attention of investors worldwide, from Hong Kong to New York.

The liquidation of Evergrande Group’s Hong Kong incorporated entity was ordered by a Hong Kong court in early 2024. As a consequence, Evergrande Group was delisted from the Hong Kong Stock Exchange. In the meantime, the Chinese mainland regulators and liquidators are trying to recover the large amounts of dividends and assets, which were distributed to Hui Ka Yan and his family members during the boom years.

In other news, China’s onshore bankruptcy proceedings against the mainland entity of Evergrande’s Hong Kong listed subsidiary have been launched this week and will complicate recovery for international creditors.

The severe sentence handed down to Hui Ka Yan, once China’s richest man, will be seen as a warning to the rest of the country’s business leaders that they will be held accountable for the debts that have so destabilized the economy. The developers are responsible for the mess left by Evergrande’s collapse, and for the hundreds of thousands of homebuyers left in the lurch – many still waiting in their half-finished apartments for the homes they had paid for in full.

China’s real estate market, once accounting for some 25% of China’s total GDP, continues to be a drag on the country’s broader economy with no end in sight to the downturn in home prices in major cities. China is prioritizing accountability over bailouts in the sector, believing that by putting the worst perpetrators of the crisis behind bars, they can restore confidence in the property market.

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WNBA Says Former NBA Stars Enes Kanter Freedom and Royce White Are Ineligible After They Announce They ‘Identify as Women’ and Enter Draft

The WNBA has ruled that former NBA players Enes Kanter Freedom and Royce White are ineligible to enter the league’s draft or play in the women’s circuit after both men announced they identify as women and formally declared for the 2027 draft.

The league has reportedly dismissed the moves as publicity stunts intended to mock the organization.

According to reports from Front Office Sports, the WNBA stated it “is not going to give oxygen to efforts designed to mock the league or use this topic to demean and marginalize others” and “will not allow outside pressure or manufactured controversy to dictate league processes.”

The collective bargaining agreement specifies that only women are eligible, though it contains no further language defining sex or gender identity.

Kanter Freedom and White decided to put those rules to the test by claiming they suddenly decided they identify as women.

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Fauci may be charged in spite of his pardon

It appears that Fauci’s right-hand man may have just given the DoJ the jailhouse keys. All they need to do is measure Anthony for his orange jumpsuit. No, I’m not hallucinating. “Let me tell you a little story about a man named…”

It is now very clear that Saint Anthony sent money to Wuhan to finance the manufacture of the COVID-19 virus. He used cut-outs at the EcoHealth Alliance and the University of North Carolina. He later conspired with others in the virology field to publish an op-ed in the professional literature denying any serious possibility of the virus having been engineered.

His buddies at Pfizer and Moderna buried adverse data. He helped to push the idea that there was no alternative treatment for this supposedly lethal disease, and that the “vaccine” was “safe and effective.” He helped with persecuting medical professionals who dared to challenge his authority and use that horse dewormer. Finally, he made his dangerous drug, Remdesivir, the drug of choice for treating hospitalized COVID patients, because royalties lined his pocket.

None of this is news. Even the release of his diary by Senator Rand Paul isn’t news. But the guilty plea by Dr. David Morens is the news that the drive-by media won’t report. “Who is David Morens?” you ask. Morens was “Senior Advisor” to the short Minister of Propaganda at the NIAID during all this activity. His key action was to act as a conduit for “behind-the-scenes shenanigans” that ran around FOIA requirements.

Fauci told the House Oversight Committee under oath in 2024 (covered by the autopen pardon) that he’d never deleted an official record, never obstructed a FOIA request, and never touched anything related to the Wuhan lab or the virus’s origins. These lies were hidden by running emails through Morens’ personal email, so they didn’t appear to be “official records.” But it’s virtually certain that Fauci was part of this back-channel activity. And he continued to parrot the “safe and effective” line in interviews after the final cutoff date for his pardon.

On June 3, 2025, in an interview with Boston’s WBUR, he insisted that any reporting that he was involved with creating the virus in any way was an “untruth” and “severe intimidation” of scientists at government agencies. This is a continuation of the fraudulent story he had been spinning since ascending the White House podium early in 2020. And it was part of a collaborative effort with multiple parties. There’s a word for this: conspiracy.

Conspiracy is a new legal universe. Under the law, it’s not like theft, which happens at a point in time. Rather, it is a continuing offense. Under the most favorable circumstances, the clock starts to run at the time of the last overt act. For Fauci, that’s at least the WBUR interview. And now we can see a reasonable premise for him pleading the Fifth in front of the Senate. He’s on the hook for federal conspiracy charges until at least June of 2030. If the conspiracy led to deaths, it may be construed as a capital offense, and no statute of limitations exists. Saint Fauci would be on the hook forever.

It’s my studied opinion, supported by a vast number of studies of excess mortality, post-mortem exams, and “turbo” cancers after the mass mRNA poisoning, that Anthony Fauci was a key participant in a massive conspiracy that led to uncountable numbers of unlawful deaths. His participation in public fora where the “safe and effective” message was promoted means that the conspiracy continued after the last effective date of his pardon, assuming that it is valid. There is only one legitimate path forward. The DoJ must seek an indictment, conviction, and involuntary change of address for this evil malefactor. Anything less is a mockery of our principles.

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SICK: Radical Michigan Senate Candidate Abdul El-Sayed Justifies Transgender Mutilation of Kids by Comparing It to Circumcision — Asks Jesse Watters About His Private Part on National TV

Michigan voters received another disturbing preview Monday night of what far-left Democrat Abdul El-Sayed would bring to the United States Senate.

During an appearance on Fox News’ “Jesse Watters Primetime,” El-Sayed defended keeping the government out of transgender medical procedures involving children, and then bizarrely compared those procedures to circumcision.

In El-Sayed’s twisted logic, parents allowing their sons to be circumcised is somehow comparable to authorizing life-altering transgender procedures on children.

Watters immediately rejected the outrageous comparison.

El-Sayed then accused Watters and conservatives of being “selective” because they oppose transgender procedures for minors while not demanding a government ban on circumcision.

Jesse Watters: Sex changes for minors — do you support that?

Abdul El-Sayed: Look, you know, I remember having great conversations with my conservative friends about right-to-try legislation — the idea that the government shouldn’t tell you what kind of healthcare you should have. I just think the government shouldn’t tell you what kind of healthcare you should have. And if you’re a minor, it is between your doctor and your parents.

Jesse Watters: You want to try on kids?

Abdul El-Sayed: Now, if you disagree with that — if you disagree with that, if you disagree that healthcare decisions need to be made by a doctor, their parents, and a patient — then I just think we agree to disagree.

Abdul El-Sayed: But, you know, you want to put government inside a clinic or hospital selectively.

Jesse Watters: So, Abdul, you’re a doctor, right?

Abdul El-Sayed: I am.

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US set for largest mass visa revocation in history targeting up to 200,000 foreigners, officials say

The Trump administration is preparing to revoke the business and tourism visas of up to 200,000 foreigners who have applied for or are currently seeking asylum status in the United States. If it happens, the move would be the largest single mass revocation of visas in U.S. history and would likely face legal challenges.

Unless challenged or revised, the State Department is expected to announce in the coming weeks the revocation of so-called B1 and B2 visas issued between 2016 and 2026 whose holders have sought asylum or are now seeking asylum, according to State Department documents obtained by The Associated Press and two U.S. officials. The action will be taken in coordination with the Department of Homeland Security.

“We are coordinating with DHS to identify and revoke the nonimmigrant visas of foreigners who have come to the United States claiming to be short-term visitors, but then file for asylum to stay here permanently,” said State Department spokesman Tommy Pigott.

He declined to comment on the number of visas that might be revoked, saying “as the process will be ongoing, the number of revocations remains dynamic and will be done on a rolling basis.”

The revocations would not necessarily result in their immediate deportation, the officials said. Most of those with asylum cases currently pending would be recategorized but would lose their status as business or tourism travelers, according to the officials, who spoke on condition of anonymity because the revocations are not final yet.

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Shapiro Tries To Arm Pennsylvania Health Bureaucrats With Warrantless Entry Powers And Forced Vaccine Databases — Voters Already Said No Once

Pennsylvania Governor Josh Shapiro is pursuing autocratic powers for public health that Pennsylvania voters removed five years ago, and he is doing it behind the scenes through regulations not legislation.

A 502-page proposal for modifications to the Pennsylvania health code, published on August 8, grants the Pennsylvania Department of Health vast new powers to enter premises without warrants, access medical records without consent, direct a statewide vaccine data system, impose masking mandates during an outbreak, as well as masking mandates in an effort of “prevention” for any “condition” the department has determined warrants an intervention.

It is important to digest the implications of this. The proposed regulations define “condition” to mean “noninfectious medical ailment or other health-related event”. That gives far reaching powers to the department of health in the guise of public health.

“The administration’s draft rules on masks and infectious diseases are deeply troubling,” said Pennsylvania lawmaker Michele Brooks. “These include standards that establish ‘rule by fiat’ for the imposition of masking, distancing, and virtually any other disease control measures; a state vaccine registry with mandatory reporting; the power to control attendance at funerals; and the broadest powers to track and collect private health information and to enter private property.”

Pennsylvanians know where this goes. Former Governor Tom Wolf instituted some of the most draconian COVID-19 lockdown orders in the U.S. from March 2020 to June 2021. Shapiro, then Attorney General, issued the mandates, and in defense of the state’s school mask mandate, called concerned parents “self-centered” in a 2021 filing to the Pennsylvania Supreme Court.

The Supreme Court ultimately handed down a judgment against Shapiro, ruling the Department of Health acted outside of its authority. However, the Court did write that the Department of Health had the ability to change its own rules. Shapiro seems to have taken this to heart.

In May 2021, Pennsylvanians passed a constitutional amendment constraining governors’ emergency powers to three weeks. Shapiro’s regulatory maneuver is designed to circumvent this democratic outcome entirely, granting a permanent, non-emergency power to a department he controls.

Randall Wenger, chief counsel of the Independence Law Center, fearful that health care workers will be allowed to access schools and interrogate children in private, said that parents deserve the right to care for their children as they see fit. “These regulations allow a bureaucrat to go into a school to meet with a child without parents’ knowledge and telling the school officials that they can’t even interfere with this. That’s unconscionable,” Wenger told The Daily Wire.

Shapiro comes from the Democrat buzz saw of presidential candidates and is potentially running in 2028. What he is doing in Pennsylvania is not public health — it is building a system of surveillance and compliance to be used nationwide. Pennsylvania did not vote for this system. Shapiro is doing it anyway, and whether the legislative branch steps in tells us how much the voters value the limits to power they voted for this year.

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Owner of San Francisco 49ers Arrested in Ohio Trailer Park in Prostitution Bust

San Francisco 49ers owner Jed York was arrested in a trailer park prostitution bust over the weekend.

York, 46, was arrested in East Palestine, Ohio, and charged with engaging in prostitution.

According to reports, York used an online prostitution site to “arrange sexual activity with a female in exchange for $140.”

The charge was later amended to disorderly conduct.

York is married and has two sons.

The New York Post reported:

San Francisco 49ers owner Jed York was arrested on suspicion of engaging in prostitution in Ohio over the weekend, the California Post confirmed.

York pleaded no contest on Monday after the state of Ohio amended the one count of engaging in prostitution to a disorderly conduct charge.

Court documents obtained by the California Post on Monday state York responded to an ad on a known prostitution website and “arranged to have sexual activity with the female in exchange for $140.”

The 46-year-old from Youngstown, Ohio was arrested in a trailer park on Sunday in East Palestine, 30 minutes south of Yorktown, and booked into Columbiana County Jail.

He was also convicted of “possessing criminal tools”, with a court filing also showing that York’s attorney stated he completed an online course.

York and his wife Danielle Belluomini have two sons, Jaxon and Brixton.

A judge sentenced York to one day in jail per each count, which will be served concurrently.

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Indiana’s Blackout Exposes America’s Decaying Power Grid

Tens of thousands of people in northwest Indiana have been living without electricity for more than a week, yet this disaster received little national attention until residents had already entered what they described as “survival mode.” The blackout began after an August 11 derecho produced winds approaching 99 miles per hour, destroying power lines, transmission equipment, and utility poles across the region. More than 300,000 NIPSCO customers initially lost service, representing over 60% of the utility’s system and the largest outage event in its history. As of August 20, approximately 68,000 customers reportedly remained without power, with parts of Gary warned that full restoration could take until August 25.

This is not merely an inconvenience caused by a summer storm. Schools have closed, businesses have lost inventory and revenue, families have thrown away spoiled food, and people who depend upon refrigerated medicine or electrically powered medical equipment have been placed at risk. Traffic signals stopped working, communications were interrupted, and residents were forced to line up at community centers for hot meals and a place to charge their phones.

The national media will discuss an outage when it affects an airport, Wall Street, or a wealthy neighborhood. When working-class communities in Gary and Lake County lose power for more than a week, the story remains largely local until the suffering becomes impossible to ignore. There has been reporting, but the scale of the national response bears no relationship to the severity of what happened. If 68,000 customers in Manhattan had remained without electricity for nine days, every network would be broadcasting live from the streets and Congress would already be demanding hearings.

NIPSCO says the damage was unprecedented and that crews must replace or repair approximately 300 distribution poles and 44 transmission poles in Gary alone. More than 600 line workers have reportedly been involved in restoration efforts. Nobody should diminish the severity of a derecho with hurricane-force winds, nor blame crews working in dangerous conditions. The problem is that a natural disaster has exposed how little redundancy exists in the system. When a single series of storms can knock out electricity to most of a utility’s customers and leave tens of thousands disconnected for more than a week, the grid has become a single point of failure for the entire community.

America has built an economy in which virtually nothing functions without electricity. Food cannot be preserved, fuel pumps cannot operate, electronic payments fail, mobile phones eventually die, and many modern appliances become useless. Hospitals and emergency facilities possess backup generators, but ordinary households and small businesses are expected to fend for themselves. The government promotes the electrification of vehicles, heating, cooking, and transportation while the grid required to support this dependence remains vulnerable to trees, flooding, aging poles, overloaded transformers, and severe weather.

The American Society of Civil Engineers has repeatedly identified the country’s energy infrastructure as requiring massive investment. Much of the national transmission and distribution network was constructed decades ago for a completely different economy. Demand is now increasing from data centers, electric vehicles, manufacturing, air conditioning, and the attempt to electrify still more activities. The government cannot simultaneously increase dependence upon electricity and ignore the physical system that distributes it. That is not an energy transition; it is building society around a vulnerability.

Wealthier households can purchase whole-home generators, battery systems, hotel rooms, and replacement food. A low-income family may lose hundreds of dollars in groceries and have no money to replace them. An hourly worker may lose wages because a workplace or school is closed. Parents must choose between remaining home with children and reporting to work. Insurance deductibles can exceed the value of the property destroyed, while public assistance often arrives after the immediate crisis has passed.

Governor Mike Braun declared a statewide disaster emergency, deployed the Indiana National Guard, and requested federal assistance after the storms caused deaths, flooding, displacement, and widespread infrastructure damage. Those measures are necessary, but emergency declarations address the aftermath rather than the underlying vulnerability. The political system operates from crisis to crisis because preventive investment requires planning beyond the next election. Money is found instantly after disaster strikes, but routine maintenance is treated as an expense to be postponed.

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Ontario Premier Threatens to Cut Electricity to U.S. — Trump Warns Consequences for Canada Will Be ‘Far WORSE’

Ontario Premier Doug Ford is threatening to cut electricity supplies to the U.S. amid the ongoing trade war with President Donald Trump.

Ford said Monday that “everything is on the table” after Washington imposed 50 percent tariffs on roughly $20 billion of Canadian goods.

Ontario currently supplies enough electricity to power approximately 1.5 million American homes and businesses, particularly in neighboring states including Michigan, Minnesota and New York.

“We power 1.5 million homes and businesses,” Ford said. “Everything’s on the table. I’ll do whatever it takes.”

He also threatened to completely halt exports of critical minerals from Ontario.

“I’ll cut them off,” he said. “You won’t get a grain of sand out of Ontario.”

Among the resources flowing south are high-grade nickel and uranium refined in Ontario, materials with significant importance to American manufacturing, energy production and national security.

“What would they do without the high-grade nickel that we ship down to the U.S.?” Ford asked.

Ford suggested Canada could eventually go even further by using its enormous supplies of oil and potash as leverage against Washington.

The threats come after trade negotiations between the two countries collapsed Friday.

Prime Minister Mark Carney walked away from negotiations after deciding that Trump’s demands were unacceptable.

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Brazil’s Rare Earths and the Coming Resource War

The West suddenly discovered that Brazil is sitting on one of the most strategic mineral reserves in the world. The Associated Press reports that Brazil has the second-largest known rare-earth reserves behind China, and foreign interests are now rushing into the country as governments desperately attempt to break China’s grip on the supply chain. More than 86% of Brazil’s rare-earth exploration applications were filed within the last three years, and over 40% have foreign financial backing. This is what happens when governments wake up decades too late to the importance of commodities.

China understood long ago that control of natural resources and their processing is a form of geopolitical power. The West abandoned mining and manufacturing, imposed endless environmental regulations, and outsourced production to Asia because politicians assumed globalization would last forever. China was happy to take the business. Today it controls roughly 90% of global rare-earth processing, and Beijing has already demonstrated that it is prepared to use that position when geopolitical tensions rise.

Rare earths are essential for electronics, automobiles, aerospace, robotics, energy technology, and modern weapons systems. Washington suddenly realizes that depending on China for materials necessary to manufacture military equipment is a national security problem. American and Australian interests are therefore pouring into Brazil, while Brazil’s only commercial rare-earth producer, Serra Verde, has been acquired by a U.S.-backed company. The West is now scrambling to recreate supply chains it voluntarily surrendered.

Brazil would be foolish not to recognize the tremendous leverage it now possesses. President Lula has made clear that he does not intend to allow foreigners simply to extract Brazil’s resources and take the valuable processing elsewhere. Brazil wants the refining, technology, and industrial development to remain inside the country. That is precisely what China did successfully. China did not become powerful simply because it possessed minerals. It built the processing capacity and then moved up the industrial chain until everyone else became dependent upon it.

This is where Brazil has an opportunity that commodity-producing nations have repeatedly squandered. Digging something out of the ground and exporting it creates revenue, but processing it and converting it into finished products creates industry. The British Empire understood that distinction. So did the United States during its rise as an industrial power. The countries that merely supplied raw materials remained dependent upon those that controlled manufacturing and finance.

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