"But Wall Street professionals, like so many other ostensibly smart people, refused to see Trump clearly, mistaking his skill as a demagogue for wisdom as a policymaker. “I don’t think this was foreseeable,” a mournful Ackman posted on X on Monday. “I assumed economic rationality would be paramount.” What an odd assumption to make about a man who bankrupted casinos.
Berezin thinks Wall Street still hasn’t come to terms with the cost of the nascent Trump presidency. “I do think that at this point we might have passed the event horizon, meaning that even if Trump backs off from the tariffs, there’s been enough damage done to the U.S. economy, to the global economy, to investor confidence, consumer confidence, that we’re probably going to see a recession regardless of what happens,” he said.""
#GiftArticle #USPolitics
https://www.nytimes.com/2025/04/07/opinion/trump-stock-market-wall-street.html?unlocked_article_code=1.-E4.q7Gk.5YS3EpoLnh8C&smid=url-share
Today, I learned that the founder of the #SimpleX messenger is a #ClimateChange-denying #Covid conspiracy-theorist, anti-vaxxer and
Sorry, investors, Tesla is simply not going to expand to be larger than •the entire rest of the auto industry• as your “buy” recommendations implicitly posit.
If they make robotaxis, the public will see them as Nazi robotaxis. If they make robots that aren’t just demo smoke and mirrors, the public will see them as Nazi robots.
Your money is in the Titanic of car brands. Get it out while you can.
This https://arxiv.org/abs/2406.18370 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qu…
Sorry to see the FEMA head fired. He’s right, eliminating FEMA is a terrible idea. Just canceling “non-disaster” funding will harm Americans and not really save money. Each dollar spent in preparedness saves $6-13 in post-disaster recovery, depending on how it is measured. Well, if there were no disasters, we’d save money, but pretending climate change isn’t real won’t help there either. By the way, states already do a ton of disaster preparedness and management—FEMA is the central standardi…
Bei dem Begriff "AI Literacy" handelt es sich um ein Oxymoron:
https://open.substack.com/pub/themindfile/p/against-ai-literacy-have-we…
'Elon Musk is right'
to criticize spending bill
says House Republican
who voted for spending bill
Representative Scott Perry,
a Pennsylvania Republican and member of the far-right House Freedom caucus,
just seconded Elon Musk’s criticism of the massive spending bill
that passed the House by a single vote
as “a disgusting abomination”
and added that the billionaire Republican donor
“is right to call out House Leadership”.
#WordWeavers 5/6: What would your first chapter smell like?
I quote chapter 1, page 1, 3 paragraph:
" It felt like the smells of the city clung to him – all rotten and filthy – and they were so thick it felt like they were coating his tongue. This spring was unusually hot, making the smells even more rancid."
He just ran past a sewer 😃
White House boasts family of suspect in Boulder attack 'could be deported as early as tonight'
The White House is boasting on its official social media accounts about the arrests of
the wife and five children of
Mohamed Sabry Soliman,
the suspected Boulder attacker, who were taken into custody on Tuesday.
Soliman’s six family members,
“have been captured and are now in ICE custody for expedited removal”,
a White House post says.
It adds…