Analyst, former UN Resident Correspondent, believer in equality for all (Retweet does not mean endorsement), 日本の文化、政治、経済、社会にも興味あります。#BLM, (He/him), #LoveisLove
Today we honor the anniversary of Loving v. Virginia. In 1967, the Supreme Court declared the ban on interracial marriage unconstitutional in the U.S. This year, we’re highlighting our Legal Map. Here's what the country looked like in 1966 before the Loving decision #lovingday
Mehdi Hasan: “Some people say Bari Weiss will be fired because the ratings are going down and the chaos. That misunderstands what’s going on here. She’s not there to make CBS win in the ratings. She’s there to make CBS a safe place for Trump and MAGA”
🚨HUGE NEWS: A whistleblower reveals that the Trump administration planned to falsely mark 2.7 million Americans as dead in the Social Security database.
Donald Trump views Social Security as a weapon against his enemies, not an earned benefit. 🧵
When 60 Minutes is in trouble, we are all in trouble. When Pelley says CBS is meddling in his reporting for political reasons, believe it. https://t.co/lWpjdv1Unm
pretty close to a full transcript of Scott Pelley v Nick Bilton courtesy of Oliver Darcy, who is going to see a bunch of new subscribers today. https://t.co/JYEgMjqdfB
Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.
SpaceX being rammed into indices with no profit requirements, seasoning, and generally looser constraints is economic terrorism. Index trackers will eat the loss when reality catches up and retail investors will suffer.
🚨 DAMN.
Ruby Bridges said the moment she finally understood what was happening during school integration was when a little white boy told her:
“My mom said I can’t play with you because you’re a nigger.”
She was SIX.
And she said hearing that felt like “a huge weight lifted,” because suddenly everything made sense.
Why the classrooms were empty.
Why adults were screaming.
Why U.S. Marshals had to escort her to school.
Not because of anything she did.
Just because of the color of her skin.
A six-year-old child realizing an entire country was angry at her for existing.
Fun fact: The removal of Trump’s name from the Kennedy Center is a “permanent” injunction. It’s a FINAL judgement. No appeals. They have 14 days to remove the name. Period.