“Successful execution of this project can underscore our global preeminence, benefit investors throughout the world, and broaden capital formation possibilities for US-listed companies.” sec.gov/newsroom/speeches-st…

Endowed by their creator?

Never trust a guy who has changed his name from Herr Warren Wilhelm to a friendlier Italian sounding name to hide his German roots. God forbid Israel had a lazy do nothing doofus like you to respond to October 7.

7.4% through 2049 if anyone wants a piece of data center debt kinda backed by Meta...

Lord help this maniac’s poor students. nbcnews.com/news/us-news/phi…

Farewell & fair winds to a fantastic colleague.

Former Anthropic researcher Jacob Coxon became a media superstar after going public with his AI fears. He insisted that he wasn’t working with any third party organizations. Familiar sources told us a different story: DEY., a PR firm representing many of the most prominent AI safetyists, was booking his interviews. One source, who had direct knowledge, even said DEY. preemptively booked Nate Soares, a prominent AI safety figure, for interviews that directly overlapped with Jacob going public. Jacob working with DEY. is notable for two reasons: first, as mentioned, he previously said he wasn’t working with third parties. Second, we are in the middle of a national conversation about the future of AI that is actively determining how we regulate the most powerful technology in the world, largely thanks to the panic stirred up by Jacob — and it’s in the public’s interest to know who, exactly, is behind it. Scoop from @huntryerson 👇

For a decade, financial repression muted the bond market. QE and zero rates bought up the curve and crushed term premia. Any political promise, however mad, cost nothing on the day it was made. That's the soil populism grew in. Perhaps not the cause, but the permission. That era is over. Inflation has taken the central banks' cover away, and markets are pricing fiscal risk again. French 10-year yields went from 3.53% in June to 4.70% today. This isn't markets against democracy. It's markets defending reality. The cost of fantasy now lands in voters' pockets, through mortgages and budgets. That's how the fever breaks. Populists may still win, but the bond market will housetrain them fast. Think Meloni, not Truss. I think that's good news.

From the top rope, @charlescwcooke @NRO:

Jamie Selway (SEC Director, Division of Trading & Markets) on @BloombergTV "Tokenization & crypto have been politicized recently. But it's not naturally a politicized function . . . Success of the country in terms of developing these markets should have good bipartisan support."

Grateful to @MichaelDuncan @ComfortablySmug @HolmesJosh @JohnAshbrook for the shoutout on today's @RuthlessPodcast! I was able to watch today's show on the Internet—which by some miracle works all these years later. piped.video/VMf7OjKF5fQ?t=1882

Nothing is shocking anymore, but that a wire service, a *wire service*, couldn’t bear to mention the race of the suspect because it would complicate a fake racist- lynching narrative is mind-bogglingly bad

Thanks @isabelletanlee and @timsteno for bringing me in to discuss this important topic and an honor to be on the show right after SEC director @JSelway3 and listen to his insights before joining. I predicted that issuers will not opt-out if we do the right education about the advantages of this tokenization model as opposed to the backlash synthetics got from issuers.

The most striking chart I’ve seen in a while

Spent the weekend digesting the Innovation Exemption and was reminded that the prior SEC tried to expand the definition of “exchange” to cover “communication protocol systems” in an attempt to treat the same AMMs now receiving relief as exchanges Quite the regulatory 180

Everyone now has a team of extremely skilled programmers working for them, yet we are seeing such crappy programs. This is because the hard part is not writing code, it is knowing what the program should do.

What's wild about this story is that the author CONTINUES to claim that underperforming urban schools are the result of "underfunding" and "institutional racism." The awful school she sent her own child to in a moloch-inspired exercise of sacrifice to the gods of race communism receives *$52k* a year per pupil in funding. The most expensive private elementary school in San Francisco, Cathedral, is a comparative steal at $50k a year. Public teachers (and administrator) unions are a grift feasting on the bodies and minds of young people. And just to prove the point - the woman who was the principal of the failing elementary school in question now holds...you guessed it....a well paid administrative sinecure.

A 'simplified' structure of Oracle's Project Jupiter SPV (4 data centers on 1400 acres in NM) providing $300BN in compute to OpenAi and funded by Bonds, Loans and Blue Owl equity. The project is now hopelessly mothballed and may never see completion.

Down with regulatory capture.

Now, you can understand why the democrats have been attacking me in Pennsylvania. We uncovered 371,595 non-citizens & persons who are “unable to read, write, and understand the English language” in Philadelphia. After cross-referencing the PA voter rolls, 50,000 voters have been flagged as potential alien matches. 50,000