Rollercoaster Tycoon taught my brother and I the importance of interest rates. When we first played, we’d max out our loans because it felt good to see a flush bank account. Then we noticed “interest” payments that varied from level to level. Soon, we started only taking out loans for revenue-generating capital investments.
We were, like, eight or nine years old.
This is pretty wild.
Marjorie Taylor Greene bought stock in Palantir on April 8th.
On April 17th, a massive ICE contract with Palantir was announced.
Greene sits on the House Committee on Homeland Security.
The stock has now risen 79% since her purchase.
BREAKING: AOC raised $9.6M in Q1 of this year.
100% came from individual donors.
This is a record amount for AOC, and by far the largest Q1 we've seen from a member of Congress this year.
I think that in <10 years we'll see screen time the same way we do food now. It will be a status symbol of the elite to consume less, and of a higher quality, while the poor gorge themselves on cheetos and ai-generated shortform vertical video
BREAKING: President Biden just called for a ban on congressional stock trading in his farewell address.
Congress made $204M in the stock market last year, per our estimates.
One of the biggest issues facing the anglosphere is that nearly any housing or transit project has opposition that always looks like this.
The same room of people that kills housing in the UK look like the same people who stopped the Acela from being faster in Connecticut.
In every city I've been to outside the U.S., I see a mix of age groups. Babies to elderly.
In U.S. cities, I mostly see 20 to 30 year olds and the occasional baby.
This strikes me as deeply unhealthy. It's like we segregate kids and older adults to far off suburbs and design cities exclusively for a 10 year life phase.
Wow.
“Let’s be honest, members of Congress get information that is technically not insider information (as defined by the securities laws) that is nonetheless extremely beneficial to know.”
Joe Biden citing his support in the primaries is ridiculous - they canceled the primary in multiple states, refused to have debates and told contenders it was career suicide to challenge him. If there had been debates we would have seen his decline months ago. #PassTheTorchJoe
The Ban Congressional Stock Trading Act was introduced in January of 2022.
It still has not been voted on.
It has been 838 days.
Here's what has kept Congress busy:
The Biggest Issue of our Time: The US National Debt
when asked his thoughts on @RobertKennedyJr's vp selection, @friedberg shifted the conversation:
"i remain steadfast in my commitment to there being only one major issue facing this country, and that is the federal debt and the deficit."
-- biden's budget plan for 2025 has us spending $7.3T and running a ~$1.78T projected deficit (!)
-- $1T is being added to the national debt every 100 days (!!)
-- US interest payments on its debt will surpass $1T per YEAR in 2025 (!!!)
"if every voting citizen of the united states does not recognize the severity of the deficit and debt problem that the federal government faces, you are wasting your vote."