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NYC voters are sick and tired of member deference being abused to push up the cost of housing. Yes on ballot measures 2-4!!

Hot take: Figma IPO is a huge win for Lina Khan. It existing as an independent company it’s both better for shareholders and customers. Adobe acquisition would have been value destruction and customers would have had to pay monopoly rents

If Stripe doesn’t rush out an IPO now they are leaving money on the table

xAI is valued higher than anthropic is ridiculous

the messaging needed to make the US gov fiscal situation a more important political concern is to tie it to housing. Higher structural government deficits -> higher long term yields on long dated treasuries -> higher mortgage rates -> more expensive housing.

So we think this birthday album getting leaked is Ghislaine blackmailing Trump in for a pardon, right?

Half of YouTube ads are Whitney Tilson mayoral campaign ads hating on Mamdani, the other half are Whitney Tilson scam ads hawking his weird investment product...

How We Obtained and Vetted a Russian Intelligence Document

possibly all related to Ares leaks - but still begs the question of how docs ended up there www.nytimes.com/2025/06/07/w...

China Unleashes Hackers Against Its Friend Russia, Seeking War Secrets

who is the russian snowden leaking these documents about sensitive china-russia counterintel ops to the NYT? Or is it the US government?

some recent stories that seem related to the same source
www.nytimes.com/2025/06/19/w...

www.nytimes.com/2025/06/07/w...

it's unfortunate that most companies refuse to provide rejected job interview candidates with feedback about why they didn't get the job.

Typical reason is risk of discrimination lawsuits, etc. Seems like a policy failure - perhaps a legal 'safe harbor' should exist for reasonable feedback?

at vet office today with my (healthy) cat for a check-in and the vet proposes a few tests we could order, lets me know how expensive each one is and explicitly told me which tests they didn't think were worth it. Wish I got this kind of price transparency in my own health care!

US energy policy in 2025: we are behind china on clean energy technology so lets just pretend climate change doesn't exist and drill baby drill

​India Loses Its Top Fighter Jet, Implications for Future Air Combat 3 Advanced Rafale Fighters Downed

Chinese PL-15 missle that Pakistan used to down the French produced Rafael Jets flown by India has a much longer range than the equivalent American air to air missile used by NATO and the next generation missile with a competitive range isn’t in full production yet open.substack.com/pub/weapons/...

You know the abundance movement has legs when self-defeating lunatics like this start jumping out of the woodwork. We want cheap housing and high speed rail in our lifetimes, not to continue getting poorer pursuing dorm-room fantasies of a revolution that will never come

Preparing for a multipolar world Or: hedging your bets in the event of American civilizational decline

open.substack.com/pub/antephia...

Lot of wisdom for 3 YoE 😀

What level does the 10y yield have to get to for a military coup to happen

The Great Leap Backwards

Clifford Asness @CliffordAsness For me, one of the main benefits of making some money is not having to wear a gimp suit for anybody. To each his own. Quote Bill Ackman @BillAckman · Apr 9 This was brilliantly executed by @realDonaldTrump. Textbook, Art of the Deal.

I would like to report a murder

Every interview Lutnick does I find myself wondering how he succeeded in business

Comac C919 - Wikipedia

They already have a plan for that problem…

en.m.wikipedia.org/wiki/Comac_C...

Americans may not like it but something like this is going to happen sooner or later and delaying it will only make the end result worse

EU, China start talks on lifting EU tariffs on Chinese electric vehicles, Handelsblatt reports The European Union and China have begun negotiations on the abolition of EU tariffs on imports of Chinese electric cars, German newspaper Handelsblatt reported on Thursday.

While the US is floundering around, Europe/China hammering out a deal on EV trade.

www.reuters.com/business/aut...

Ideally yes, but there’s a LOT of people in the world with lower standards of living who would need to be made richer before this dynamic starts to benefit the US

Ultimately neither of those solutions gets the MAGA movement what they want - a return to the halcyon days of the 1950s. Reality would be more like turning the US heartland into Guangdong province

One way to get there is a massive decrease in the standards of living of manufacturing workers, another way is embracing automation that will reduce the breadth of the population that benefits (see longshoremen strike for what happens if you try that in our system)

If the US wants to bring back manufacturing long term the solution isn’t huge state subsidies (given fiscal situation, and state of intel/boeing/etc) nor tariffs (makes everyone poorer) - we need to become globally competitive. Requires a massive reduction in costs/ increase in productivity.

Based on the last few years, skeptical the US would win a kinetic war with China after seeing how stretched we (+ rest of nato) were with stocks of artillery and mid range missiles in Ukraine, and with how we produce only 80 tomahawks a year and burned through too many of them with the houthis.

Assuming the most wildly successful (and highly unlikely) scenarios for manufacturing reshoring, americans are probably not prepared for the externalities of a large scale industrial base - e.g. 150+ AQI every day in major cities, like a year round forest fire

we love the skrillex glowup