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New deep dive: The Trump administration is facing mounting requests to cover its opponents' legal bills after it loses in court, with potentially millions of taxpayer dollars at stake. Gift link: www.bloomberg.com/news/article...

Details of GDP show a solid economy led by consumption and investment while inflation creeps higher (even market based subtracting portfolio mgmt). Why would the Fed not raise rates?

"So what, exactly, does MAGA not understand?" Intrinsic motivation, how to make themselves happy (& w/o sh*tt*ng on all other living organisms), and the joy that comes from caring about something other than themselves and who to blame for what they seem to think is their miserable condition.

Don here signed his $1 million endorsement deal in 1964, the same year Buffett took over Berkshire. Had Don run into Warren while in Omaha for a PBA Tour event and invested it all in Berkshire, those endorsement proceeds would be worth $60 billion today.

A highly levered fund making speculative bets in AI gaining 400% in the first half of the year only to get slaughtered in July does provide clear awareness of the situation in current markets, so good job with the naming at least.

This together with the fact that his fiance is the Chief of Staff at Anthropic is particularly funny to me. Seems like this thing is more likely to implode before the inevitable insider trading case tho?

One trend that’s not overly obvious in the financial discourse is the capex substitution by way of opex and as much contingent liabilities as ratings agencies will allow them to get away with. It’s unfortunately really hard to quantify how much is pushed out this way vs. own b/s capacity baseline

A few truths about frontier Ai companies 1. As models commoditize, they will have to move up the application stack to justify their valuations. 2. They will increasingly compete with their customers and the meme that they train on your data then compete with you will be harder to rebut over time

3. That much in-house talent and computing capability will need an outlet in much the same way Google expanded beyond search and Amazon beyond selling books.

Russia, Russia, Russia. Empress Elizabeth (Elizaveta Petrovna) and Putin are proud of their golden boy.

Almost every other state does more than Georgia does to protect patients. A key reason: State lawmakers siphon off 50% or more of the license fees the medical board collects, to use them however the legislature pleases. www.ajc.com/news/2026/06...

This makes it sound as if it were a teen-created and -led gathering. That it was organized by a “hell yeah” AI group matters a lot here.

I'm sorry to hear "brainstorming and studying" w/ AI is approved by the students. Been an educator for 4 decades, and those two areas--generating our own ideas w/ active reading to help generate those ideas--are where young scholar skills are weakest. They struggle to conjure up their original work.

*Trump’s threat to tariff Canada over wildfire smoke ignores his own role in promoting fossil fuels, worsening climate change, and raising costs for US consumers* Jul 29, 2026 By @deanbaker13.bsky.social #ClimateChange #Environment #UnitedStates cepr.net/publications...

Paul Conrad depicts Nixon as judge, jury, and prosecutor, making claims of fairness, August 1970.

“When you do testing to that extent, you’re going to find more people, you’re going to find more cases. So I said to my people, ‘Slow the testing down, please.’” Donald Trump, June 20, 2020

My mom went onto hospice care 1/1/2021. Hospice wants you to choose a mortuary up front, because hospice handle things when the person dies. I remember being unable to find a mortuary that would commit to taking my mom's body and being told if she died to "get ice." I'll never forget that -- ever.

abcnews.com/Politics/kus...

COVID mRNA vaccines "At first it was only for elderly and healthcare professionals, L and doctors would pull up in these cars full of coolers and laundry because they had been living out of their car, away from their family with an immunocompromised member (often) for months Meanwhile American men: