Eric Cohn

I'm kind of a big deal

[Eric Cohn @cohneric]

Yes

[Carl Quintanilla @carlquintanilla]

EISMAN: “These companies are very nervous. They realize that there are no moats around their business .. they're trying to manufacture a crisis that will create regulation — that they think they can then manipulate to create .. the duopoly that they want."

[Naval @naval]

Strong liability enforcement could be helpful in the AI debate.

If your agent swarm goes rogue, you’re liable.

If your weakly protected model gets jailbroken, you’re liable.

If you serve a weakly protected OSS model, you’re liable.

[New York Basketball @NBA_NewYork]

opera.

🔊

[Eric Cohn @cohneric]

@chamath And what if you’re business is software? Can change your internal processes sure, but what about the product and rev gen itself? @chamath

[Eric Cohn @cohneric]

@TimothyDSnyder And would that fix why there are so many people on SNAP in the first place?

[Chamath Palihapitiya @chamath]

Worth reading the whole thing, but this is the most important thing:

“If Elon gets paid 1 trillion dollars, I will be a multimillionaire.”

It’s important who you hitch your wagon to.

Socialists have proven to be shitty wagons.

Modern Thomas Edison is a great wagon.

[Ray Dalio @RayDalio]

Now that the budget bill has passed Congress, we can see what the projections look like for deficits, government debt, and debt service expenses. In brief, the bill is expected to lead to spending of about $7 trillion a year with inflows of about $5 trillion a year, so the debt, which is now about 6x of the money taken in, 100 percent of GDP, and about $230,000 per American family, will rise over ten years to about 7.5x the money taken in, 130 percent of GDP, and $425,000 per family. That will increase interest and principal payments on the debt from about $10 trillion ($1 trillion in interest, $9 trillion in principal) to about $18 trillion (of which $2 trillion is interest payments), which will lead to either a big squeezing out (and cutting off) of spending and/or unimaginable tax increases, or a lot of printing and devaluing of money and pushing interest rates to unattractively low levels. This printing and devaluing is not good for those holding bonds as a storehold of wealth, and what’s bad for bonds and US credit markets is bad for everyone because the US Treasury market is the backbone of all capital markets, which are the backbones of our economic and social conditions. Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur.

[Ray Dalio @RayDalio]

After spending time in Washington, DC discussing the budget deficit with senior people on both sides of the aisle, it’s clear to me that we are unlikely to change the debt trajectory we’re on and avoid the painful consequences.

While virtually everyone agrees on the need to address our debt problem in a balanced way that includes tax increases and cuts to benefits, they also agree that they cannot speak up because politics have become absolutist.

We must find a solution around absolutist pledges like, ”I will not raise taxes,” or “I will not reduce benefits,” when they are desperately needed.

[Marc Benioff @Benioff]

Wow. @elonmusk just said 47:10 you can potentially download your memories & back them up and put them into a robot body. https://t.co/0ig1bESTDJ

[Scott Galloway @profgalloway]

Here.
Comes.
Google.

#unbundling

https://t.co/l6go96DFlh

[Scott Galloway @profgalloway]

This is great
https://t.co/TFhR7eR7HB

[Eric Cohn @cohneric]

Fantastic read, as usual

[Scott Galloway @profgalloway]

Nature rewards behaviors that ensure the propagation of the species.

Retail trading & our addiction to dopamine: https://t.co/Adi1sYZDMS

[Stig Abell @StigAbell]

Obama on call-out culture is such an anthem for our times.

[ian bremmer @ianbremmer]

Average hours of training required for police officers:

Finland 4500
Germany 4000
Australia 3500
England 2250
Canada 2100
US 672

#TrainThePolice

(ht @billweircnn)

[Public Citizen @Public_Citizen]

BREAKING: Steven Mnuchin is now flat-out REFUSING to disclose the businesses receiving $500,000,000,000 in bailout funds, claiming the info is "confidential"

4.5 MILLION businesses received government funds. Zero transparency.

Unconscionable, jaw-dropping corruption.

[Jake Tapper 🦅 @jaketapper]

A reminder of where the idea of taking a knee came from — a veteran who reached out to @Kaepernick7 as they both sought to bridge a divide:

[LeBron James @KingJames]

If you still haven’t figured out why the protesting is going on. Why we’re acting as we are is because we are simply F-N tired of this treatment right here! Can we break it down for you any simpler than this right here???? 🤦🏾‍♂️. And to my people don’t worry I won’t stop until I see

[Amy Klobuchar @amyklobuchar]

Minnesota Attorney General Keith Ellison is increasing charges against Derek Chauvin to 2nd degree in George Floyd’s murder and also charging other 3 officers. This is another important step for justice.

[Eric Cohn @cohneric]

We should also call for an investigation into the medical examiner who released the first report, probably in coordination with police.

[CNN @CNN]

An independent autopsy into the death of George Floyd found that his death was a homicide and the unarmed black man died of "asphyxiation from sustained pressure" https://t.co/kQKWj8bzDf