Stanley Butler

I am the lover of uncontained and immortal beauty.

-Ralph Emerson

[Logan Dobson @LoganDobson]

The existence of Loudon County is very helpful. Loudon, one county, has ~1/20 of ALL data centers in the United States.

If it were the case that data centers drove up electricity costs, Loudon would have crazy electricity bills. They don’t. They’re below the national average

[Mark Hemingway @Heminator]

Canada’s exit tax is insane—it treats all your assets (investments, real estate, businesses) as if they were all sold and you had to pay the tax on the profits.

If you can’t leave a place, without them taking everything you own—it’s not a free country.

[mert @mert]

"ive been in office for 13 years and our yearly budget is 7 trillion but we can't help children unless we steal from the guy doing spaceflight"

[zerohedge @zerohedge]

Someone did the math. May want to rerun the IRR on that $5 trillion in capex stat...

[Chris Willman @ChrisWillman]

Bob Dylan in the NYT today, in a piece where artists in their 80s were asked to describe the best and worst parts of being that age, and whether they had advice for the president on his reaching the milestone. (Dylan apparently passed on the final question, not surprisingly.)

[The Rabbit Hole @TheRabbitHole]

Don’t worry about Elon becoming rich with his own money.

Worry about politicians becoming rich with your money.

[Charles C. W. Cooke @charlescwcooke]

“Let’s make sure we get no more PayPals, Teslas, SpaceXs, Neuralinks, Starlinks . . .” Just illiterate, destructive, sclerotic nonsense.

[Geiger Capital @Geiger_Capital]

If you taxed 100% of Elon’s net worth, confiscated every penny, you could fund the current US government for about… 49 days.

We don’t have a revenue problem.
We have a welfare spending problem.

[Jake Rattlesnake @jakerattlesnk]

This debate is so satisfying.

Helen Webberly is a “gender affirming doctor” that runs a clinic called gender GP where she grifts off mentally ill children, by allowing them to bypass their parents and receive hormone blockers within just a few months.

Her practise has been banned in multiple jurisdictions and she has recently moved operations to the United States 🇺🇸

She gets absolutely tied in a pretzel from the jump here.

Check out my full breakdown below 👇

[Melissa Chen @MsMelChen]

Today’s flood of Western media hit pieces and ridiculous commentary on Elon and SpaceX is yet another sign that the West is rotting from the inside.

EVEN the Chinese Communists treat their national champions with more respect than these pathetic hacks.

The CCP and its state mouthpieces aren’t half as deranged with envy. They may leash guys like Jack Ma and slap them down hard when they step out of line, but at least they’re smart enough to understand that they need their best talent and innovators to deliver prosperity for their people, dominate global markets, project raw power across the planet, and forge their nation into a ruthless superpower. The Chinese see them as vital strategic national assets and would never publicly insult or attack the ambitious, high-achieving mindset that creates these winners in the first place.

SpaceX is, without a doubt, America’s national champion.

Elon built the first reusable orbital rockets (Falcon 9), slashed launch costs, launched more missions in a single year than entire nations, revived American space dominance, sent NASA astronauts to the ISS aboard Crew Dragon, built the Starlink constellation that now beams high-speed internet to millions across the globe (including battlefields and disaster zones), and is developing Starship - the most powerful fully reusable rocket ever built, designed to make humanity an inter-planetary species.

Yet the Western press and Democratic officials are almost unanimously attacking the one man going above and beyond to secure prosperity, technological supremacy, and raw national strength for our civilization.

These people are vile soul-sucking wreckers who despise all excellence. The only thing they can produce is endless grievance and failure. All they know to do is tear down the successful, insult greatness, and wallow in their own mediocrity.

[Brad Gerstner @altcap]

You are smarter than this Ro. Imagine if Bernie had taxed @elonmusk 100% on his PayPal capital gains. We would have no @Tesla or @SpaceX - none of those jobs or GDP. Who do you think allocated the capital better for society? He will already pay $100 B + in taxes - more than any human ever. I hope he donates some to kids via @TrumpAccounts to make every kid a shareholder in 🇺🇸 & continues investing all his heart, soul & money for the benefit of America & all humanity! 🇺🇸🚀🤍

[Antonio García Martínez (agm.eth) @antoniogm]

The most envious, Marxist, redistributive person in the world isn't the guy busting his hump to frame a house, or the guy grinding out DoorDash...it's the smug guy worth 7 or 8 figures staring at a trillionaire he considers socially beneath him.

[Charlie Bilello @charliebilello]

With unprecedented investor demand for the largest IPO in history (SpaceX), it's worth remembering a simple lesson:

A great company doesn't always make for a great investment at any price.

The median major IPO lost 31% in its first year & suffered a 53% drawdown along the way.

[Daniel Pearson @DPearsonPHL]

Teenagers can literally read anything, and older text are only difficult because we keep lowering standards. I read The Count of Monte Cristo and 1984 in middle school. We need to stop saying students can't do things or can't handle things. The race to the bottom is pure poison.

[Sonali Basak @sonalibasak]

I will reiterate - think it’s highly likely that SpaceX, Anthropic and OpenAI will be tapping capital markets again within six months of listing.

[Erick Erickson @EWErickson]

One of the greatest speeches of the late 20th century, given on the 40th anniversary of one of the most spectacular days in human history.

[Ed Zitron @edzitron]

Needed to pull out an important part of the interview.

AI is often justified by comparing it to Amazon Web Services' ($57bn) or Uber's ($32bn) losses, when its costs/losses are hundreds of billions of dollars worse.

There'll also be little useful infrastructure left behind.

[Milk Road Macro @MilkRoadMacro]

Jeff Currie, former Goldman Sachs head of commodities and now at Kalo writing research, is watching a physical supply shock in the commodities market.

This is a tale of two markets.

Paper crude oil was sitting around $100 a barrel while physical crude being delivered into Asia was trading between $130-$170. Products like jet fuel were spiraling above $200.

The spread between paper and physical has completely disconnected.

On the physical side: a discount airline out of London Gatwick canceled all flights because they couldn't source fuel. The UK just took its last known kerosene shipment with no further arrivals scheduled. Singapore jet fuel spiked to $230 a barrel. Rotterdam hit $220. The shortage is now in Thailand, Philippines, New Zealand and Australia.

Currie called it "molecular contagion."

And here's the critical point: there is no policy fix for this. The supply shock is roughly equal in magnitude to the COVID demand shock. And we all watched what COVID did to global supply chains.

Currie's framing: the paper markets have disconnected from reality. When crude is trading at $100 on NYMEX but delivering into Asia at $130-170, someone is wrong. He thinks it's the paper market.

The mispricing window doesn't stay open forever.

For macro investors, this is exactly the kind of dislocation between financial prices and real-world supply chains that historically creates the biggest moves.

[Dr. Calum Miller @DrCalumMiller]

I am a medical doctor and I can say clearly: this is not good enough.

Henry Nowak was murdered and the police let him die.

When someone tells you they've been stabbed and are struggling to breathe, unless they pose an obvious risk to your own life, you make sure they are OK before you do anything else.

You don't pause to think about whether they might be racist, or whether they could be making it up.

There must be justice for Henry.

[Jordan Tyldesley @PippyBing]

The core part of the Henry Nowak murder (the part we must not forget and must seriously engage with) is that his killer and family instinctively thought to fabricate a racism narrative because they knew it would give them an immediate advantage and invert the roles at the scene. And it worked exactly as calculated.

It has struck a raw nerve because it makes visible in the most repulsive way imaginable what many have long sensed, that accusations of racism have become a powerful, paralysing force in modern Britain eventually leading to a dying boy being sidelined while the system instinctively prioritised accusations of racism.