We know what’s coming and we are prepared.
🇪🇺 After the UK's Online Safety Act and Australia's decision to restrict much of social media to teenagers, the European Union plans to take it a step further than the two countries and implement AI scanning tools to read the private and public groupchats of European users and look for child sexual abuse material (CSAM).
The European Union wants to adopt by October 14th a final draft of its Chat Control Act which is marketed, just like in the case of the UK's Online Safety Act and Australia's ban on teenagers from using social media apps, that it is being done to protect the children!
The European Commission's premise with this act is that all European citizens are closeted pedophiles who regularly share CSAM in their private conversations and thus everything must be verified by the state to make sure that this premise is not confirmed. Not only does the EU want to implement this AI groupchat scan tool, it wants to implement everything that the UK and Australia did like mandatory age verification upon login, social media bans for teens etc.
End-to-end encryption apps in the EU would stop working as a result of the tech company not complying with this regulation or would be broken entirely upon compliance.
Unlike the UK and Australia, the EU wants social media companies to have AI scan tools not only detect CSAM but also automatically report it to the police. Hashing tools which are already in use by law enforcement and most tech companies to identify potential CSAM give way too many false positives, to the proportion of 1/5 hashed messages. The EU also wants internet providers to block certain URLs from outside the EU upon request from national authorities.
Currently there's no consensus among EU countries on how far this bill should go, with some concessions being made that users can refuse to have their conversations scanned but will then lose the ability to upload pictures, videos or audio files and also won't be able to receive any. Consensus on the matter is being expected to be reached by October 14th and by the end of 2025, a final draft should be ready.
The governments of Belgium, Czech Republic, Estonia, Finland, Germany, Greece, Slovenia, Luxembourg and Romania haven't decided if they support this bill or not. Only Austria, Poland and The Netherlands oppose this bill.
🇺🇸 Teenagers are now facing charges after doing a ding-dong ditch prank with a twist. They showed up in masks, wearing tactical gear and a rifle, or what looks like a rifle.
Two #Delaware teenagers, aged 16 and 17, faced charges after knocking on doors in New Castle while wearing tactical-style vests and carrying what appeared to be a rifle, police said.
This could’ve ended so badly..
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🌆 Market News Digest
[Oct 20, 2026 EST]
🔥 Top Stories
• US–Iran tensions swing markets — Hormuz tanker fire, Israel warns of renewed strikes, Rubio says talks are hard; oil stayed volatile even as Brent eased below $109
• Anthropic’s massive AI spend shock — WSJ says it may spend >$600B on compute, with huge cloud/Nvidia commitments and >$80B H1 loss
• Trump on Ukraine, Iran and trade — says Ukraine must make a deal, India trade is “pretty close,” and he’s weighing Iran action
⛽ Oil & Energy
• Hormuz tanker fire / mine incident — IRGC says a supertanker carrying >2M barrels caught fire after hitting a mine
• Europe gas >€90 — benchmark tops 2022 levels on supply fears; US diesel prices remain elevated
• NATO and EU security push — NATO adds Black Sea assets; EU doubles down on Arctic security and keeping fossil fuels in the ground
📊 Markets & Macro
• US housing weakens further — starts fell 5.2% and pending sales dropped 7.3% to a record low, pressuring ...
📝 🇪🇺 🇫🇷 Mario Nawfal on X: Europe's riots are just the beginning. The real economic shock hasn't even arrived yet.
I spoke with economist Philip Pilkington about the unrest spreading across France, Italy and Albania.
He thinks we're watching the early stages of something much bigger.
One statistic really caught my attention.
According to Pilkington, France's inflation-adjusted household food consumption has fallen roughly 6.4% since 2022. He suspects the poorest households have suffered far steeper cuts.
Now add another surge in energy prices.
Pilkington pointed to rice futures rising 70% this year, wheat and sugar climbing 40%, and fertilizer shortages threatening next year's harvest.
His prediction is that the worst food inflation could arrive this winter or next spring.
And there's a political problem sitting right on top of it.
Governments across Europe are already deeply unpopular. People are struggling to afford basic necessities, and another prolonged energy ...
