Big News this morning : The George Washington statue near Fenway Park in Boston has been given the Highest Honour By the 🏴 Scottish Fans. Someone has got up there God knows how and placed a traffic cone □on his heed. 😅🤣😂😂. This is a proud moment for 🏴 Scotland.
👍🏻
BREAKING: Nearly $920 million in crude oil shorts were placed at 3:40 AM ET, about 70 minutes before Axios reported the U.S. and Iran were nearing a “14-point” deal to end the war.
Oil then plunged more than 12%, with the position gaining an estimated $125 million.
Unusual.
🚨BREAKING: Two researchers from UPenn and Boston University just published a paper that should be uncomfortable reading for every CEO automating their workforce right now.
The argument is straightforward. Every company replacing workers with AI is also eliminating its own future customers. Laid off workers stop spending. Enough of them stop spending and nobody can afford to buy anything. The companies that fired everyone end up selling into an economy with no purchasing power left.
Every executive can see this. The math is not complicated. But here is why nobody stops.
If you do not automate, your competitor does. They cut costs, lower prices, take your market share, and you collapse anyway. So every company automates knowing it is collectively destructive because the alternative is dying alone while everyone else survives. The researchers proved this is a Prisoner's Dilemma playing out in real time.
The numbers are already moving. Block cut nearly half its 10,000 employees this year. Jack Dorsey said AI made those roles unnecessary and that within the next year the majority of companies will reach the same conclusion. Salesforce replaced 4,000 customer support agents with AI. Goldman Sachs deployed a coding tool that lets one engineer do the work of five. Over 100,000 tech workers were laid off in 2025 and AI was cited as the primary driver in more than half those cases. 80% of US workers hold jobs with tasks susceptible to AI automation.
The researchers tested every proposed solution. Universal basic income does not change a single company's incentive to automate. Capital income taxes adjust profit levels but not the per-task decision to replace a human. Collective bargaining cannot hold because automating is always the dominant strategy.
They also identified what they call a Red Queen effect. Better AI does not solve the problem, it accelerates it. Every company chases faster automation to gain market share over rivals but at the end everyone has automated equally, the gains cancel out, and the only thing left is more destroyed demand.
The one thing the math says could work is a Pigouvian automation tax. A per-task charge that forces companies to account for the demand they destroy each time they replace a worker.
The conclusion is that this is not a transfer of wealth from workers to owners. Both sides lose. Workers lose income. Companies lose customers. It is a deadweight loss with no market mechanism to stop it on its own.
(Link in the comment)
This should be on the front page of every newspaper in America.
A Syrian billionaire needed U.S. sanctions lifted so he could cash in on $12 billion in reconstruction contracts.
In an attempt to influence American foreign policy, he proposed a Trump-branded golf course, cut Jared Kushner & Ivanka Trump into a multibillion-dollar real estate deal for a resort in Albania, and had someone physically deliver a stone engraved with the Trump family crest to a Republican Member of Congress with instructions to take it to the White House to get the President's attention.
Trump threw his weight behind repealing the sanctions. They were lifted. The contracts are moving, the Trump family’s deals are expanding, and not a single Washington Republican is willing to say a word about any of it.
This is a corruption of everything the office of the presidency is supposed to stand for, and the American people deserve to know about it.
https://t.co/A4lQE3ktoG
$760M short on oil. Placed 20 minutes before the Hormuz announcement.
This is the 3rd time.
March 23: $500M short — 15 minutes before Trump delayed Iran strikes. Oil dropped 15%.
April 7: $950M short — hours before the US-Iran ceasefire.
April 17: $760M short — 20 minutes before Hormuz declared open.
The CFTC is investigating.
The ‘peace trade’ was sold to retail. Someone else got out first.
Who knew?
Zohran on CBS: " I think what we can see is that a democratic socialist politics is one that should be judged on its delivery, like any ideology ... I think that this is a politics that can flourish anywhere because, frankly, there is only one majority in this country — that's the working class and it's time we have a politics that puts them at the heart of what it is that we're pursuing and not as part of the appendix."
BREAKING: Leaked Texts seem to show that far-right MAGA influencer Jake Lang, 31 was texting a man pretending to be a 15-year-old girl on Instagram.
Read the alleged texts below.
Why the hell are the people who shout and scream the most, calling everyone else pedos, the ones who seem to be the disgusting ones?
It appears that a Polymarket account called "Magamyman" made $515,000 in a single day betting on last night's U.S. strike on Iran, with the first trade placed 71 minutes before the news broke publicly.
When this person bought in, the market had this at a 17% probability. They turned roughly $87,000 into over half a million dollars overnight.
Reminder that Donald Trump Jr. sits on Polymarket's advisory board and his firm invested double-digit millions into the platform last year. The DOJ and CFTC both had active investigations into Polymarket that were dropped after Trump took office.
Prediction markets cannot be a vehicle for profiting off advance knowledge of military action.
We need answers, transparency, and oversight.
I testified before the Senate Judiciary Committee. I discussed the largest fraud in the history of the US immigration system perpetrated by DHS and the State Department. Even Republicans on the Committee were shocked by what this administration is doing to legal immigrants!
It certainly looks like Jeffrey Epstein conspired with well-known billionaires to undermine democratic institutions and enrich themselves at everyone else’s expense.