nando

Keep your tips up

[Simon Kuestenmacher @simongerman600]

This gun ownership and yoga interest matrix is totally hilarious!

[StripMallGuy @realEstateTrent]

I’ve never understood people flying across the world for vacation just to spend five days sitting next to a pool.

[The Babylon Bee @TheBabylonBee]

"I don't know why I'm so bummed out." https://t.co/1ns1rnKzU2

[Cassandra Unchained @michaeljburry]

Could be smart phones castrated society.

[Paul Grewal @iampaulgrewal]

The SEC deleted a full year of Gary Gensler's communications at the peak of his campaign against crypto.

The FDIC tried to secretly cut off an entire lawful industry from the banking system and buried the evidence.

The US government doesn't get to operate like this. Unless the American people allow them to.

So @Coinbase sued, won, and exposed the details, resulting in one of the largest FOIA awards in each agency's history. More details below.

[Liz Wolfe @LizWolfeReason]

Unintentionally heartbreaking. Doing it *to this degree* is reserved for the ultra-wealthy, but *plenty* of upper-middle-class families in big cities like New York do a version of this. When so much of parenting & household-management is professionalized:
-the standards ratchet upwards (naturally, parenting/taking care of children is more intensive when it's the *sole* thing someone is tasked w doing, as opposed to the traditional SAHM model where the mom is tackling like seven things at once)
-community becomes fragmented or nonexistent (because everything is transactional, and every function of the family is outsourced, so swapping watching one another's kids or cooking dinner for another family that just drops in no longer happens)
-kids don't necessarily learn how to manage their future households and learn critical life skills (like how to do their own laundry, clean their own bathrooms, or––yes––take care of younger siblings)

We have replaced "the village" we so deeply crave with a professionalized advice economy (sleep consultants, lactation consultants, night nannies, day nannies, nannies you take on vacation with you, postpartum doulas, parenting coaches, bike-riding consultants) and then wonder why we're lonely and spiritually undernourished.

[Barchart @Barchart]

The Top 1% of U.S. earners now have more wealth than the entire middle class

[Eren Bali @erenbali]

Give a man a fish, he’ll have fish for a day.

Create a government subsidy that covers half of every fish purchase, and the cost of fish will double forever.

[Vivek Sen @Vivek4real_]

PALANTIR CTO:

“FOR $10 BILLION, ELON MUSK PUT 300 ROCKETS IN ORBIT.”

“FOR $11 BILLION, THE STATE OF CALIFORNIA HAS BUILT 1,600 FEET OF ELEVATED RAIL...

WITH NO RAIL.”

[signüll @signulll]

if you read the nytimes under the guise that every article is pretty much written by a (former) theater kid who often lacks a basic understanding of economics & what actually drives a functioning thriving society/economy then all of the pieces become insanely fun to read.

[Mike Solana @micsolana]

just want to remind you one more time that significantly lowering the cost of housing would solve, overnight, almost every single problem in the country

[kareem 🪴 🦧 @kareemisposting]

America 250 being a huge flop (in contrast with what I understand about the bicentennial) is maybe the surest sign that the social bonds in this country have significantly deteriorated, maybe irreparably. No one cares about this at all anymore. Pack it up.

[JeebsTX 🇺🇸 @JeebsTX]

If you’re having a bad year, just remember:

Mark Zuckerberg wasted $73 billion on the Metaverse.

Tim Cook wasted $10 billion on the Apple Car.

Jeff Bezos lost $10 billion chasing Alexa.

Masayoshi Son lost $14B investing in WeWork and missed out on $150 billion by selling Nvidia early.

Cathie Wood dumped Nvidia right before ChatGPT launched and missed $1.2B

Logan Paul bought an NFT for $630,000 in 2021. Today, it's worth only $140.

Even the RICH and famous get it completely wrong sometimes.

[DAN KOE @thedankoe]

https://t.co/7l7Jef99QZ

[Lauren Chen @TheLaurenChen]

Poor white people have lower rates of criminality than rich black people

Poverty does not cause crime

[Lukas Ekwueme @ekwufinance]

Right before the 2000 dot-com crash, the S&P rallied 12% to reclaim its previous highs... Those who went max long because “the internet is the future” were right, but still lost 50% over the next 2 years.

And the crash wasn’t linear.

To make sure every last bull stayed in (and then got wiped out), we had 3 separate 20% bear market rallies... Only after everyone was fully shaken out did we bottom in 2002.

It then took ~14 years just to break even on a nominal basis... And by that point, most were too scarred to fully participate in the next bull run.

Lesson: Don't participate in historically overvalued markets, especially not when that overvaluation coincides with the biggest crisis in human history

[Crémieux @cremieuxrecueil]

Teachers average among the least intelligent university graduates. Little of what they 'learn' is even relevant to what they end up doing.

In a given year, the lowest-scoring groups on the GRE, SAT, and ACT are usually those pursuing degrees in education.

[The Independent with Scott Atlas @ScottAtlas_IT]

When Ken Griffin and Citadel left Chicago:
Total 3-Year Impact: $846M in lost taxes + $2.65B in lost spending = $3.5B economic hit to Illinois/Chicago (not including philanthropy losses).

[Derek Thompson @DKThomp]

New newsletter: MODERN FATHERHOOD WOULD BE UNRECOGNIZABLE TO A 1950'S DAD

Compared to their Boomer parents, childcare time among Millennial dads has more than doubled.

Compared to their Silent Generation grandparents, it’s nearly quadrupled.

You will be hard-pressed to find any part of day-to-day modern life that has changed more in the last half-century than the way today’s parents—and fathers, in particular—spend their time.

The new American dad is more present and more exhausted—but also, more satisfied with life. What's behind this half-century transformation? Today's piece combines history, economic analysis, and gorgeous charts galore from @AzizSunderji

[Rep. Jim Jordan @Jim_Jordan]

SPLC = fraud

ActBlue = fraud

California Medicare = fraud

Minnesota daycares = fraud

FireAid = fraud

What's next?