Maxx Chatsko

Millennials have been chasing this high for decades

13/ “My guys wear masks every day. They have glasses they can wear,” Fenn said. “Me? I don’t wear it at all. Never have, never will, because I’ve been doing it for 40 years.” Read the full story:

Frustrated younger, male voters feeling locked out of the economy and diminishing opportunities are rapidly abandoning the Republican coalition, or straight up opting out of political action altogether. Read the full story: bloom.bg/4iBr5YK 📷: Rory Doyle/Bloomberg

Surely this is what the founding fathers had in mind.

General Motors paid $3.457 billion in total income taxes from 2023 to 2025. It just announced a $20 billion share buyback program. The American enterprise ecosystem is wildly distorted.

Yesterday's put/call ratio was .91, the highest in a month. See what 5 down days in the SMH does to sentiment?

Most Americans blame Donald Trump for high prices as midterms approach, a new AP-NORC poll finds

The 10-Year Treasury yield is at a 24-year high. Measles cases are at a 26-year high. The U.S. Strategic Petroleum Reserve is at a 44-year low. Corporate tax rates are at an 87-year low. Diesel and housing prices hit an all-time high this month. Congress' approval rating is at an all-time low.

Babies who don’t get the vitamin K shot are 81 times more likely to develop severe bleeding. In many cases, oxygen can’t reach their brains and blood pools around their skulls. Yet driven by misinformation, more parents are refusing the injection. (Published May)

What's old is new again. Not that long ago, we called "physical AI" the "industrial internet". It was also hailed as the 4th Industrial Revolution. While promising, it also didn't live up to the hype. en.wikipedia.org/wiki/Industr...

Me confused. Me know cookie inside and out! Now me has to use A.I. for cookie work? www.newyorker.com/magazine/202...

ProPublica obtained a vast cache of IRS information showing how billionaires like Jeff Bezos and Elon Musk pay little in income tax compared to their massive wealth — sometimes, even nothing. From the archives:

NEW: The Clear Labels Act was designed to help patients and doctors see exactly where a medication was made. But experts say the law’s most critical provisions have been cut: “It's just a clear watering down of the original bill.”

The United States decided that renewing Affordable Care Act (ACA) subsidies was too expensive at $31 billion. Now 5 million Americans who had health insurance last year are no longer covered.

Oil prices’ lurch above $100 a barrel is propelling the U.S. past another unwelcome milestone: The war with Iran is sticking Americans with a 12-figure bill.

Too many small enterprises are forced to choose between covering their employees’ medical care and staying afloat. It shouldn’t be this way (via Bloomberg Opinion)

"Some prime brokers who have been in discussions with Situational Awareness told the FT that Aschenbrenner had said he would use far less leverage than before as he reboots the fund." Just. One. More. Hit.

A majority of economists see the Federal Reserve holding interest rates steady at this month’s meeting and through the end of 2027, according to a Bloomberg survey

“Shame is one of the ways that groups of people mediate their norms without state intervention,” Jay Caspian Kang writes. “This, of course, is not always a good thing. But any community without shame must have moral consensus.” newyorkermag.visitlink.me/oOtftg

This video on the rise of Trump's "shadow president" is based on scores of interviews, thousands of pages of emails and dozens of hours of videos and recordings of private briefings given by Russ Vought, most of which had not been previously reported:

The FDA won’t tell Americans where their generic drugs are made, so ProPublica did it instead. Use information from your prescription label to locate the factory and see if the plant has a history of inspection violations.

Federal prosecutors today charged an ICE agent with lying about the shooting of a Venezuelan immigrant. Last night, we reported that the prosecutor had planned to bring more serious civil rights charges but was blocked by DOJ officials in D.C.

A top-performing fund manager at Pacific Investment Management is turning to Asian equipment suppliers, Chinese financials and healthcare stocks.

Engineered bacterial siderophore production accelerates rock weathering for carbon removal - @harvardmed.bsky.social @wyssinstitute.bsky.social www.nature.com/articles/s41...

Tech companies: "We can track you across time, space, and devices with these neat little IDs we've made that you cannot see or delete." Also tech companies: "There's no way we could possibly compensate every creator for using their content in our training models. Too complex!"

New must-have stance in 2028 presidential election: Run on changing the name to "Lake Monopoly". When Google refuses to change it, sue them for political favoritism blah blah and then use the fine money to pay for a big party on the border with Canada for a big economic boost. We both may need it.

The United States has coerced Venezuela into allowing it to produce some of its proven oil reserves. The state of North Dakota (1.12 million bbl/d) currently produces more crude oil than the country of Venezuela (1.1 million bbl/d). 🎁 link www.wsj.com/business/ene...

Japan has spent $170 billion YTD trying to arrest the falling value of the yen. That's 3.88% of GDP. That's equivalent to the United States spending $1.256 trillion on currency intervention. We are not in normal times, boys and girls. 🎁 link www.wsj.com/finance/curr...

Nvidia $NVDA gained $442 billion in market cap today. Only four drug developers have ever reached a $442 billion valuation.

Engaging in mental gymnastics to justify what's convenient but unevidenced, unjust but personally beneficial, 'rewires your neural map' in ways that degrade your overall ability to understand and analyze the world around you, which is a precondition for intelligence and creativity.

One of my most deeply held beliefs is that refusing to name truth makes you stupid--literally degrades your intellect.

🚨BREAKING: Our union of over 12,000 baristas are officially calling for a Starbucks boycott. Read this statement penned by Starbucks workers on why a boycott from ALL customers, allies, and organizations is necessary to fight back against corporate greed:

Bessent has slapped a Band-aid on the Japanese yen and the Treasury market. What could go wrong?

"He's activist, absolutely." Scott Bessent is leaning into a role as the most interventionist Treasury Secretary in decades

There are high-up editors at prestigious publications who wrote or greenlit like dozens of “Moon Base to Open Within Six Years” or “Space Hotel Slated for 2026” headlines. Nothing happened to them. They just get to keep doing it. Wild.

“A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it would replace, according to a new preprint study led by researchers at the Yale School of Public Health.” ysph.yale.edu/news-article...

Most US voters say they are worse off under Trump — FT poll ft.trib.al/yiZ1jz9

"In the place of problem-solving technology, companies have jumped on successive bandwagons like NFTs, the metaverse, and large language models. What these all have in common is that they are not built to really solve a market problem. They are built to make VCs and companies rich."

The AI Bailout Could Be Baked Into the AI Bubble Great. prospect.org/2026/08/03/a...

The new laws break away from 20-year-old restrictive GMO directives to give an official nod to plants made with new genomic techniques www.nature.com/articles/s41...

An upstart youth movement, founded only 37 days earlier, forced Modi's government into a humiliating climbdown this weekend and prompted the resignation of the education minister. ft.trib.al/lBkx5ul

bloomberg has a fun article today arguing that the Cybertruck is the biggest flop in automotive history. it includes this glorious graph.