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The Dictatorship

Yet another reason not to buy gift cards as holiday presents

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Yet another reason not to buy gift cards as holiday presents

Think of each gift card you find on your desk, in your wallet or in your kitchen “junk” drawer as a ghost of a particular Christmas past. This one’s from my co-worker who rushed into the holiday party late carrying a plastic Walgreens bag! Oh, this one’s from Uncle Fred, who joked that I shouldn’t spend it all in the same place!

Such ghosts hover in the recesses of more homes and pockets than you might imagine.

According to a 2023 Christmas report, almost half the U.S. had at least one unspent voucher or gift card

According to a 2023 Christmas report from The Associated Press, almost half the U.S. (47% of us to be exact) had at least one unspent voucher or gift cardand the unspent money on those cards was believed to total $23 billion. That’s enough to buy each of the 334.9 million people in the U.S. a Secret Santa gift that costs $68.67.

Looking at the $75 in unspent gift cards I came across last week, including three cards that hadn’t been swiped at all, I figured that I’d likely be a few pounds heavier if I’d used the ones for Popeye’s and Dunkin’ Donuts, and maybe a pound or so lighter if there weren’t a remainder on the card for Academy Sports. Similarly, in the same way that gyms love people who buy memberships but don’t put a single second’s worth of wear and tear on the treadmills, retailers have got to love the friend who buys you a gift card you don’t use.

Take Starbucks. In 2019, according to a CNBC report, the coffee shop chain had $140 million in so-called breakage revenuethat is, the money on gift cards that went unspent. Last year, according to a 2024 report from MarketWatch, Starbucks had “breakage revenue of $196.1 million for company-operated stores, along with another $18.9 million in licensed-store revenue.” MarketWatch, quoting the chain’s third-quarter fiscal report, noted that Starbucks customers had $1.77 billion unspent on gift cards, a significant portion of which will never be spent.

In some states, some portion of unused gift card money goes to that state government’s unclaimed property pile. But the fact remains that the gift card you intend as a freebie for your friend may become a freebie for whatever company’s name graces the card.

And that’s before we even get to the Grinches whose thievery results in gift cards hanging on in-store displays that are as empty as Whoville’s looted shelves. There are ways to tamper with cards on display in the shopping aisles that allows them to be drained between the time the card is activated and the person with the card attempts to use it. Kathy Stokes, the director of fraud prevention programs at AARP, told HuffPost that when she buys a gift card from a store, she picks one that’s behind most of the others. A visible card is more at risk of being tampered with.

Unlike banks that must help you get your money back if someone wrongly uses your debit or credit card, Stokes said, gift cards “don’t have those protections.” And if you ask the place that sold the card to make you whole, you might just get a “Bah! Humbug!”

The gift card you intend as a freebie for your friend may become a freebie for whatever company’s name graces the card.

Despite the risks of and the likelihood that many will go unused, gift cards remain incredibly popular. The National Retail Federation said last month that 54% of consumers expect to give clothing or accessories this holiday season, and 44% expect to give gift cards. U.S. shoppers are expected to spend $28.6 billion on gift cards this seasonslightly down from the $29.3 billion spent last season.

Five years ago, Miss Manners described gift cards as “minimally more thoughtful than outright cash.” But if it’s for a specific store, restaurant or coffee shop, she wrote, “all you have done is to limit where the amount can be spent — and sometimes when, because those cards may have expiration dates.” This year, she advised a correspondent not to express their gratitude with a restaurant gift certificate that wouldn’t cover the cost of a meal. As she put it, a gift that “forces its recipient to spend extra on something that may not otherwise have been wanted” is ill-advised. It’s basically a coupon.

At the risk of sounding like Charlie Brown sighing and complaining to Linus, I fear the gift card has taken some of the joy out of Christmas. Yes, asking your loved ones for gift cards can help you avoid getting a present that you may have to pretend to like, but they also eliminate the potential of being surprised and the potential of the gift being memorable.

I can close my eyes and remember gifts my family gave me when I was a child — a cowboy hat from my Uncle Will who lives in Texas; a brown teddy bear from Muh, my maternal grandmother; a red 10-speed from my mom and dad that I posed with on Christmas morning in my pale, yellow pajamas; the gray zippered sweatshirt my mom gave me the last Christmas before she died.

Those memories are ghosts of Christmases past, too. They remind me of the gifts I received — and not of the ones I failed to redeem.

Jarvis DeBerry

Jarvis DeBerry is an opinion editor for BLN Daily.

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The Dictatorship

A revolution in warfare is happening right now — and not in Iran

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A revolution in warfare is happening right now — and not in Iran

This is the May 5, 2026, edition of “The Tea, Spilled by Morning Joe” newsletter.Subscribe hereto get it delivered straight to your inbox Monday through Friday.

JOE’S NOTE

A revolution in warfare is happening right now — and not in Iran.

The historic shift is occurring instead on the front lines of Ukraine’s war to push back its Russian invaders.

Fifteen months ago, President Donald Trump did his best to humiliate Volodymyr Zelenskyy inside the Oval Office, pressing the freedom fighter to make a bad deal with Trump‘s ally, Vladimir Putin.

“You have no cards left to play,” Trump bellowed to Ukraine’s president.

The American president promptly slashed U.S. military aid to the Ukrainians. His vice president — who yelled at Zelenskyy in the same White House meeting — later said his proudest achievement was abandoning the Ukrainians to Putin’s evil designs. And both Trump and JD Vance worked feverishly to pressure the Ukrainians to surrender land at the negotiating table the Russians could never win on the battlefield.

A year later, Ukraine is holding all the cards, striking down waves of Russian invaders with drone technology that is rewriting the rules of modern warfare.

Retired Gen. David Petraeus said recently, “The future of warfare is happening right now in Ukraine.”

As Russia’s economy teeters on the brink of collapse, it is now the former KGB agent who has holed himself up in secure bunkers — afraid of being assassinated by Russian oligarchs or Ukrainian drones.

Meanwhile, Zelenskyy strolls freely through the streets of European capitals once aligned with Russia — not as a refugee, but as a conquering hero.

European and Canadian leaders now line up to provide his warriors with more than $100 billion in military help in their war of liberation to permanently push Putin’s Russian invaders out of his sovereign land.

And in perhaps the most surreal twist of this still-unfolding historical drama, it was Zelenskyy on social media yesterday who assured the frightened Russian defense minister that Kyiv would not attack Moscow during its annual World War II victory parades held today and tomorrow in the Russian capital.

Zelenskyy does, in fact, have many cards left to play against Putin.

And recently, through true grit and technological superiority, Ukrainians have drawn an inside straight while Trump is left dealing with a strait of another kind — one keeping U.S. troops in Iran far longer than the commander in chief anticipated.

Putin and Trump thought they would easily prevail in quick wars against overmatched opponents. What they didn’t count on was a technological revolution in asymmetric warfare that has radically shifted power dynamics on the global stage — and left Putin’s dream of military success on the ash heap of history.

QUOTE OF THE DAY

“It is time for Russian leaders to take real steps to end their war, especially since Russia’s Defense Ministry believes it cannot hold a parade in Moscow without Ukraine’s goodwill.”

— Ukrainian President Volodymyr Zelenskyyafter the Kremlin scaled back its Victory Day celebrations amid intensifying Ukrainian strikes deep inside Russia

CHART OF THE DAY

ON THIS DATE

In 1973, Secretariat won the Kentucky Derby, the first of his Triple Crown victories, in a time of 1:59.4 — a record that still stands.

Joe Dombroski/Newsday RM via Getty Images

A CONVERSATION ABOUT THE TECH RIGHT

Silicon Valley’s libertarian billionaires helped put Donald Trump back in the White House. Now, according to a sweeping new piece in The Atlantic, George Packer argues they’re running it — and selling out the president’s populist base to do it. He joined “Morning Joe” today to discuss “The Venture-Capital Populist” and whether the MAGA coalition can survive its own oligarchs.

JS: Talk about David Sacks, Elon Musk, and Peter Thiel — what do they actually believe?

GP: These men have been hardcore libertarians all their lives. Thiel famously said freedom and democracy are incompatible. But now they’ve come around to the view that government can actually be useful — as long as it serves them. As Trump’s AI and crypto adviser, Sacks worked to align government policy with the wishes of those industries, not the public interest.

JS: And what are they ultimately after?

GP: They are wielding this power to fit their financial interests and their sense that the world should be ruled by a small number of very smart, wealthy men — an oligarchy.

JS: Sacks has aligned himself with Vladimir Putin and Viktor Orbán and against liberal democracy. What’s driving that?

GP: Sacks is pretty ignorant about the history and politics of that region. But his view mimics his approach to business: There’s no moral calculation. Ukraine is a risky bet, so naturally you end up sympathizing with Putin — because morality has been replaced by a cold calculation of where your interests lie.

Claire McCaskill: A lot of powerful, wealthy people bent the knee to Donald Trump out of fear. These guys did it out of opportunity. Talk about how this romance is hurting the president with his base.

GP: Here’s an example: Just yesterday, the White House — after dismissing AI safety concerns as Biden-era wokeness — announced that AI models would have to report their safety tests to the government. Why? Because their working-class populist base is afraid of AI. The numbers make that clear: They don’t see it the way David Sacks and Peter Thiel do.

JS: These guys reject the idea of Western civilization as Winston Churchill and World War II leaders thought of it — and blame everybody in the fight for Western democracy except Vladimir Putin. Why?

GP: They use the phrase “Western civilization” as a kind of flag that they’re waving when they criticize European democracies. But what do they mean by it? That’s the real puzzle.

Because if Donald Trump — who tried to overthrow an elected government — is the embodiment of Western civilization, it doesn’t mean to them what it means to you and me.

This conversation has been condensed and edited for brevity and clarity.

0.1%

— The share of accounts on Polymarket making more than two-thirds of the platform’s profits.

ONE MORE SHOT

Dimitrios Kambouris/Getty Images for The Met Museum/Vogue

Madonna poses at the Metropolitan Museum of Art for the 2026 Met Gala, celebrating “Costume Art” on Monday.

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The Dictatorship

2 months later, Trump’s boast about ‘stabilizing’ oil prices looks ridiculous

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Exactly two months ago, on the sixth day of the war in Iran, Donald Trump hosted a White House event intended to honor a championship soccer team, though the president took some time to comment on an issue on the minds of many.

“Yesterday, my administration announced decisive action to help keep down the oil prices,” the Republican declared. Moments later, he went on to say oil prices “have pretty much stabilized.”

It was never altogether clear what “decisive” actions the president was referring to, but two months later, it’s painfully clear that those mysterious moves failed to “pretty much stabilize” prices. MS NOW reported:

The average price for a gallon of gas in the U.S. reached $4.46 [on Monday] as the standstill in the Strait of Hormuz continues to strain global energy markets. The average price for one gallon of diesel fuel topped $5.64, according to national averages tracked by AAA.

A day later, that national average inched higher, reaching $4.48 per gallon, while the average for diesel climbed to $5.66.

Chart: Carson Elm-Picard / MS NOW; Source: AAA

An analysis published by Bloomberg News described the recent trend as the sharpest spike in pump prices in at least three decadesand while the president has continued to insist that prices will plummet after the war, the fact remains that (a) it’s far from clear when the conflict will be over; and (b) dozens of energy sites throughout the Middle East have been struck as part of the war; wells have to be reopened; and some infrastructure will have to be rebuilt, all of which will take time.

As for the politics, the White House and its allies appear to have no idea what to tell the public about this. House Majority Leader Steve Scalise appeared on CNBC last week, for example, and tried to argue that gas prices are lower now than they were in 2024.

“People will remember that two years ago, we were paying almost $6 a gallon for gas,” the Louisiana Republican said. “Right now, it’s $3.”

He was spectacularly wrong on both points.

Around the same time, Republican Sen. Tim Scott of South Carolina appeared on Fox Business and told viewers“Gas prices continue to come down,” even as gas prices continued to go up.

As for Trump, in March, he tried to pitch the public on the idea that higher prices were a good thing — a line that proves so foolish that even he didn’t repeat it — which gave way to the president saying in April that gas prices were “not very high.”

His latest line, offered on Tuesday morning, argued that higher prices at the pump are “a very small price to pay,” which is easy for him to say given he doesn’t have to worry about paying those prices.

As for the “decisive” actions he claims to have taken two months ago, that he said “pretty much stabilized” prices, Trump still hasn’t explained what in the world he was talking about, or why those undefined moves failed so badly.

Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”

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The Dictatorship

Tuesday’s Campaign Round-Up, 5.5.26: Voters head to the polls in Indiana, Ohio and Michigan

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Tuesday’s Campaign Round-Up, 5.5.26: Voters head to the polls in Indiana, Ohio and Michigan

Today’s installment of campaign-related news items from across the country.

* While there are some closely watched contests in Ohio and Michigan, Tuesday’s marquee elections are in Indianawhere several GOP state senators are facing White House-backed primary rivals after they defied Donald Trump’s demands on gerrymandering.

* Republican-appointed Supreme Court justices did another favor for GOP officials and candidate on Monday. As The New York Times reportedthe conservative majority agreed to “immediately transmit to the lower courts its opinion striking down Louisiana’s congressional map, rather than wait 32 days, as would have been routine.”

* As expected, Florida Gov. Ron DeSantis signed into law the gerrymandered congressional map approved by his fellow Republicans. Voting rights advocates filed suit against the legally dubious gambit immediately.

* With just three weeks remaining before Texas’ closely watched Republican Senate primary, the latest University of Houston pollfound state Attorney General Ken Paxton with a narrow advantage over incumbent Sen. John Cornyn, 48% to 45%.

* Speaking of closely watched Republican Senate primaries, the latest poll from The Atlanta Journal-Constitution in Georgia found Rep. Mike Collins leading the GOP field with roughly 22% support, though more than half of the state’s primary voters remain undecided. Primary Day in the state is two weeks away.

* In Louisiana’s Republican Senate primary, Trump has continued to go after his party’s incumbent. “Hopefully all of the Great Republican People of Louisiana, which I won, BIG, three times, will be voting Bill Cassidy OUT OF OFFICE in the upcoming Republican Primary!” the president wrote on his social media platform late last week.

* And in California’s gubernatorial race, Republican Steve Hilton, widely seen as his party’s top contender, appeared on MS NOW and was asked whether he accepts the fact that Joe Biden won the 2020 presidential election. He refused to answerdespite multiple attempts to solicit a straight answer.

Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”

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