Megacorporations are telling businesses that their AI offerings are good enough to run vital company functions. The problem is, those AIs are still screwing up, and frequently in ways humans wouldn’t screw up. That’s what Amazon found out when they tried to eat their own dogfood, putting their AI in charge of Amazon Web Services. It didn’t go well.
Are AI tools reliable enough to be used at in commercial settings? If so, should they be given “autonomy” to make decisions? These are the questions being raised after at least two internet outages at Amazon’s cloud division were allegedly caused by blundering AI agents, according to new reporting from the Financial Times.
In one incident in December, engineers at Amazon Web Services allowed its in-house Kiro “agentic” coding tool to make changes that sparked a 13-hour disruption, according to four sources familiar with the matter. The AI, ill-fatedly, had decided to “delete and recreate the environment,” the sources said.
When something is “in the cloud,” that means it’s sitting on someone else’s computer. More specifically, it’s probably running as a containerized instance on any of a number of other CPU and storage pools being run under a hypervisor to scale up or scale down resources as demand requires. This allows efficient use of those resources, and it’s made AWS Amazon’s most profitable business. And most of the time AWS works pretty well.
Amazon employees claimed that this was not the first service disruption involving an AI tool.
“We’ve already seen at least two production outages [in the past few months],” one senior AWS employee told the FT. “The engineers let the AI [agent] resolve an issue without intervention. The outages were small but entirely foreseeable.”
AWS launched its in-house coding assistant, Kiro, in July. The company describes the tool as an “autonomous” agent that can help deliver projects “from concept to production.” Another AI coding assistant developed by Amazon, described as an AI assistant, was involved in the earlier outage.
The employees said the AI tools were treated as an extension of an operator and given operator-level permissions. In both of the outages, the engineers didn’t require a second person’s approval before finalizing the changes, going against typical protocol.
In a statement to the FT, Amazon claimed the outage was an “extremely limited event” that affected only one service in parts of China.
I’m not sure I was aware AWS operated in China, but I guess I’m not surprised. Is it too much to ask that the China data centers are adequately segmented and firewalled from the American data centers?
Moreover, it was a “coincidence that AI tools were involved” and that “the same issue could occur with any developer tool or manual action,” it said.
Except usually code changes are usually run through rigorous testing in a continuous integration/continuous deployment pipeline, and then deployed to a test server for performance and regression testing. It’s not clear that was done here.
It also claimed that its Kiro AI “requests authorisation before taking any action,” but that the engineer involved in the December outage had more permissions than usual, calling this a “user access control issue, not an AI autonomy issue.”
“In both instances, this was user error, not AI error,” Amazon insisted.
True, in the sense that an Amazon engineer evidently allowed an AI to alter production code.
The company also claimed that it had not seen evidence that mistakes were more common with AI tools. To which we retort: is Amazon living under a rock? While AI and its foray into commercial applications remain nascent, there’s no shortage of evidence showing that the tools are prone to malfunctioning. Their proclivity for producing hallucinations, or instances in which they fabricate facts, is well documented. So are their weak guardrails. Even some of Amazon’s own employees are reluctant to use AI tools because of the risk of error, they told the FT.
Veteran programmers are finding that AI coding assistants consistently spit out botched code, with several studies showing that the frequent double and triple-checking the questionable outputs require in reality slow down software engineers, even though the AI, on a surface level, may be producing the code faster. The rise of “vibe coding” with AI has resulted in numerous blunders in which an agentic AI makes decisions that its owners didn’t intend.
Of course, it would not be much of a ringing endorsement if tech companies weren’t using the AI tools they claim will supercharge productivity in their own operations, and they’ve been more than willing to get high on their own supplies. Both Microsoft and Google boast that over a quarter of their code is now written with AI. Engineers at Anthropic and OpenAI have suggested that nearly 100 percent of their code is AI written.
This does not inspire me with confidence. Let’s pull out the relevant XKCD comic again:
The only reason the modern technological world works is that someone, somewhere understands at a deep level how each of those boxes work, and can fix it if something goes wrong. And for Open Source software, the source code for those boxes is available somewhere other people can look at it and understand it.
When you start replacing the code in some of those boxes with AI-generated code, you start losing the knowledge of how everything works and why. Maybe the AI is producing clear, well-documented code, but you can’t count on it. And the AI doesn’t understand code the way a human does, because and AI doesn’t understand anything in the way we mean it, it’s running on artificially evolved heuristics that have performed well designing things to pass documented test cases, but which have zero frameworks for handling unanticipated exceptions. And when it breaks, there’s no guarantee a human will understand how and why it broke.
And given competitive time-to-market pressures, you can be sure companies will increasingly ship AI code without adequate safeguards or sufficient testing because their service is down hard and the latest code fixes the last AI bug, so they’ll end up rolling the fix straight to production, and something in the fix will be an even more disasterous bug none of the test cases caught and everything will come tumbling down.
And if you do that with enough of those little boxes of digital infrastructure, the entire underpinings of modern online life may come tumbling down with it. And you can’t find people to fix it because you laid them off last year and replaced them with AI.
The problem with eating your own dog food is that sometimes it can be lousy, especially if you have no idea what went into it…
Microsoft’s AI CEO is joining a chorus of executives who say they anticipate widespread job automation driven by artificial intelligence.
Mustafa Suleyman, the Microsoft AI chief, said in an interview with the Financial Times that he predicts most, if not every, task in white-collar fields will be automated by AI within the next year or year and a half.
“I think that we’re going to have a human-level performance on most, if not all, professional tasks,” Suleyman said in the interview that was published Wednesday. “So white-collar work, where you’re sitting down at a computer, either being a lawyer or an accountant or a project manager or a marketing person — most of those tasks will be fully automated by an AI within the next 12 to 18 months.”
The CEO said the trend is already observable in software engineering, in which employees are using “AI-assisted coding for the vast majority of their code production.”
“It’s a quite different relationship to the technology, and that’s happened in the last six months,” he said.
I really, really doubt that. AI has been able to do surprisingly well on a number of programming tasks mainly because it was created by programmers. It’s no wonder that it should be good at something like, say, creating a program to ingest JSON REST data into an SQL database. But the further you get from technical domains, the further you’re getting from people who can correct the AI when it gets things wrong.
Not every white collar employee is absolutely necessary, but as a class they possess the vital wells of institutional knowledge that lie beyond the datasets AI have been trained on. They also understand exception handling, knowing what to do when things go wrong. AI systems generally do poorly when faced with input combinations they’ve never seen before, which is why you have those videos of dozens of Waymo taxis blocking roads in clumps.
Also, given how zealously IT teams work to secure company data, are they really going to just blithely set AIs loose in their databases? Especially when their jobs may be among the ones target for elimination? Especially when AI is still prone to notorious hallucinations?
There are places where where AI might replace experts, namely those that use wide but highly structured datasets for narrow decision points, like some areas of regulatory law. But are decision makers really going to remove the ability to blame underlings for mistakes? “Sure we lost $100 million, but the AI told me it was OK!” is probably not going to wash as an adequate ass-covering maneuver. And, as I noted before, who is going to put an AI in charge of Accounts Payable when a single glitch could drain your entire bank account?
Plus there are entire classes of white collar jobs (sales comes to mind) where I don’t see AI making any headway replacing the fleshy incumbents.
Second, even where AI might effectively replace some humans, I don’t see companies letting Microsoft AIs in the front door. Copilot is a product people hate so much that current users won’t even turn it on even though they’re getting it free. Maybe Microsoft will make money getting in the back door via investments in OpenAI and Anthropic, but I doubt that’s going to reflect glory on Mustafa Suleyman.
But finally, let’s assume that his prediction is true and that most white collar jobs will be automated out of existence in the next 18 months. Just how does Microsoft expect to profit in the inevitable widespread economic collapse? If you think New York City’s trajectory is dire under Mandami now, how much direr is it going to get when vast swathes of people who pay the most taxes (and buy the most stocks) lose their income almost overnight? The subprime meltdown will look like a cakewalk in comparison when everyone starts selling their investment holdings just to pay for food and rent.
And if it’s known that the big AI companies are the direct causes of their immediate penury, how are such grandees going to protect themselves from the fury of the newly unemployed mobs? There were probably just a few thousand of Ned Ludd’s boys smashing mill machinery in early 19th century England. If Suleyman’s prediction came to pass, there would be what, 30 or 40 million people hurled into unemployment at the same time? In that sort of environment, thousands of Luigi Mangiones would bloom. And if it’s a global phenomena, neither the French Riviera nor Davos will be safe from the fury of the mobs. And that’s assuming congress doesn’t step in with something like the Execute Mustafa Suleyma Live On National Television Act.
So I’m reasonably certain that Suleyman’s prophecy will not come to pass. (Wait, a Microsoft CEO’s predictions turning out to be wrong? What are the odds?)
And anyway, if his prediction does have a chance of coming true, the best move isn’t investing in Microsoft, it’s investing in canned goods and ammunition…
A bunch of AI-related news has popped up this week, so let’s do a roundup.
Some AI companies are complaining that TSMC is killing the AI boom by not expanding rapidly enough:
Asianometry notes that TSMC’s caution at expanding is amply justified by the boom-and-bust nature of the semiconductor industry:
“I’m hearing many similar views in the Silicon Valley Borg that TSMC is the break or limiter on the AI boom, as if they’re the reason why we don’t have AGI yet. Because they didn’t and still don’t believe.”
“If we can ever say that a company that spent $41 billion on capital expenditure in 2025, with another $53 to $56 billion in 2026 planned, is sitting on its hands, doing nothing.”
“TSMC having 90% share of the AI chip market looks pretty unhealthy. That should go down and it will. Samsung seems to be doing well so far.”
“The cold, hard reality is that shortages are a fact of life in semiconductors, as are horrific gluts.”
“What we are flippantly labeling as TSMC we really mean is the AI supply chain. And that supply chain is as complicated as you can possibly imagine. Like an iceberg, it looks big enough on the surface of the water, but goes way far deeper underneath. TSMC has thousands of suppliers in two categories: Equipment like the famed ASML lithography tools and materials like photoresist, silicon wafers, acid etch gases and so on. These are not generalized tools and materials. They are not fungeible like AWS compute units.”
“And then there are the memory guys. You cannot ship an AI system without memory. DRAM and NAND. Nvidia’s AI chips use a special form of DRAM called high bandwidth memory, and they use quite a lot of it. The memory industry is just as consolidated as the logic industry, with the major players being Samsung, SK Hynix and Micron.”
“The chip guys are last to know when the party is getting started, but first they get batoned in the face when the police shut things down.”
He points out that semiconductor manufacturers have log supply chains. He uses a different metaphor (the beer distribution game, or a bullwhip), but back when I was working at Applied Materials, it was described as trains linked together with slinkys. First software takes off, then hardware gets yanked along, then the chip manufacturers get yanked, and then, finally, semiconductor equipment manufacturers get yanked into motion, and shortly after that happens, the bust hits the front of the train, and the trailing cars all crash into each other. It’s a regular boom/bust cycle.
“From 1961 to 2006, electronics consumption in the United States grew positively but with wild volatility swings between 0 to 20%. But for the semiconductor makers, that translates to swings anywhere from 20% to 40%. And for the equipment makers, it is amplified even more, plus or minus 60%. The whip hits particularly hard in the semiconductor industry because of the industry’s long lead times. It takes 4.5 months to fabricate and package a chip. It takes 18 months to 2 years to build a fab. Meaning from shovels down to producing chips, and it takes 12 to 18 months to produce and install something like an EUV machine into the fab. Another 6 months before that machine actually starts patterning wafers.”
“Long lead times mean having to make very long demand forecasts, which leads to extreme volatility swings during up and downturns even if those up or downturns are relatively small.” People forget that in 1998, during the time we now think of as the DotCom Boom, there was a small semiconductor downturn that had Applied Materials forcing employees to take unpaid leave.
“ASML just reported 2025 earnings, and we see the bullwhip in full effect. TSMC raised capital expenditure 35% but ASML announced €13.2 billion of net new bookings. Analysts had expected just €6.32 billion. This is because ASML collected orders not just from TSMC, but also Samsung, Intel and the memory guys. When it rains it pours, right? Again, this is why I fear that another AI foundry would not mean our compute shortage is solved, because ultimately, when those foundries start scaling their capacity, they all go to the same suppliers.”
He goes over how car manufacturers cancelled orders during Flu Manchu, and then scrambled when the economy took off afterwards. “TSMC was trying to discern between double booked orders and real demand, which is not an uncommon experience for them. Customers lie about their own demand all the time, or at least we can say that they are eternally optimistic. TSMC tried to respond in 2022. The Taiwanese giant poured $36 billion into capital expenditure. They went to their suppliers and pushed like no tomorrow.”
“It turned out those customers really were double booking orders and artificially inflating demand. When the macro environment turned in 2022, the automotive, smartphone, and PC chips that were so hot during the COVID era fell out of vogue and customers started cutting orders.”
“Meanwhile, deeper down in the supply chain, TSMC and the rest of the semiconductor industry were getting bullwhipped by COVID hangover. Utilization at TSMC’s multi-billion dollar N7 fabs crashed, Semi analysis wrote in April 2023. Now, Semi analysis data indicates that the 7nm utilization rates were below 70% in Q1. Furthermore, Q2 gets even worse with 7nm utilization rates falling to below 60%. This is primarily due to weakness in both smartphones and PCs, but there is a broader weakness in most segments. A fab’s break even utilization rates are about 60% to 70%. So those N7 Taichung fabs were taking financial losses potentially on the order of hundreds of millions, maybe even billions. The financial burdens of low utilization are another reason why I’m skeptical another AI foundry could have rushed into the AI chip fray to save the day.”
He says that Intel incurred losses during this period due to an unnecessary fab expansion, which is probably true, but that was a secondary factor next to their longer running problem of getting their process wrong.
“ChatGPT was released in November 2022, and that kicked off a massive increase in capex amongst the hyperscalers in particular, but it sure seems like TSMC didn’t buy the hype. That lack of increased investment earlier this decade is why there is a shortage today and is why TSMC has been a de facto break on the AI buildout/bubble.”
“I recall news in mid 2024 of TSMC struggling with CoWoS capacity bottlenecks and yield problems, including one design issue that caused cracks in the Nvidia chips packaging.” CoWoS is Chip on Wafer on Substrate, which involves fabbing an interposer as a substrate for faster connections between your processing chips and memory.
“I also recall news in late 2024 noting how the vendors in charge of making the server racks for Nvidia’s Blackwell servers struggled with overheating, liquid cooling leaks, software bugs, and connectivity issues. Such technical difficulties delayed server deployment until early to mid 2025, creating a weird situation for several months where TSMC was pumping out chips that just went into storage. So that gated things, because you don’t scale until you first fix the technical problems.”
Then there’s the power-scaling issue, which is a whole ‘nuther can of worms.
There’s a lot of talk about a SaaSpocalypse going on thanks to a new AI tool. (SaaS is “Software as a Service.” Instead of hosting your own payroll or sales-tracking or whatever servers, you hire a company that already has cloud software setup to do it and you just tie into that, which can considerably reduce startup costs. A whole lot of successful new tech companies over the last decade plus have been SaaS companies.)
The software sector was jolted overnight with what analysts are calling a “SaaSpocalypse” — a sudden and severe selloff triggered by new artificial intelligence tools unveiled by US AI startup Anthropic. The episode has sharpened investor fears that AI is no longer merely helping software companies but may now begin replacing them.
Anthropic has expanded its enterprise AI platform, Claude Cowork, by launching 11 new plugins aimed at automating a wide range of professional tasks. Claude Cowork is an agentic, no-code AI assistant built for corporate users, allowing companies to automate workflows without writing software. The new plugins are designed to handle tasks across legal, sales, marketing and data analysis functions. The most recent addition is Anthropic’s Claude Legal agent, which can perform routine legal work such as document and contract review, and compliance checks.
Anthropic has said that the tool does not provide legal advice and that all AI-generated outputs must be reviewed by licensed attorneys. Even so, the breadth of automation signals a step change in how much white-collar work AI systems can now perform.
Productivity — Manage tasks, calendars, daily workflows, and personal context
Enterprise search — Find information across your company’s tools and docs
Plugin Create/Customize — Create and customize new plugins from scratch
Sales — Research prospects, prep deals, and follow your sales process
Finance — Analyze financials, build models, and track key metrics
Data — Query, visualize, and interpret datasets
Legal — Review documents, flag risks, and track compliance
Marketing — Draft content, plan campaigns, and manage launches
Customer support — Triage issues, draft responses, and surface solutions
Product management — Write specs, prioritize roadmaps, and track progress
Biology research — Search literature, analyze results, and plan experiments
A lot of those are already automated elsewhere, but I suspect a lot accountants and paralegals just felt a goose strut across their grave. On the other hand, who is really going to turn over, say, Accounts Payable to an AI? One glitch, and your entire bank account is drained…
If it works (a big if, give so many AIs are prone to hallucinations), this is potentially good news for Anthropic and the companies using their tools, and bad for SaaS companies and the employees currently doing those jobs.
I note there’s no plugin for technical writing…yet.
And Google Cloud ended 2025 at an annual run rate of over $70 billion, representing a wide breadth of customers, driven by demand for AI products.
We’re seeing our AI investments and infrastructure drive revenue and growth across the board. To meet customer demand and capitalize on the growing opportunities we have ahead of us, our 2026 CapEx investments are anticipated to be in the range of $175 to $185 billion.”
Remember how Nvidia was going to invest $100 billion in OpenAI? Yeah, not so much.
In September 2025, Nvidia and OpenAI announced a letter of intent for Nvidia to invest up to $100 billion in OpenAI’s AI infrastructure. At the time, the companies said they expected to finalize details “in the coming weeks.” Five months later, no deal has closed, Nvidia’s CEO now says the $100 billion figure was “never a commitment,” and Reuters reports that OpenAI has been quietly seeking alternatives to Nvidia chips since last year.
Reuters also wrote that OpenAI is unsatisfied with the speed of some Nvidia chips for inference tasks, citing eight sources familiar with the matter. Inference is the process by which a trained AI model generates responses to user queries. According to the report, the issue became apparent in OpenAI’s Codex, an AI code-generation tool. OpenAI staff reportedly attributed some of Codex’s performance limitations to Nvidia’s GPU-based hardware.
After the Reuters story published and Nvidia’s stock price took a dive, Nvidia and OpenAI have tried to smooth things over publicly. OpenAI CEO Sam Altman posted on X: “We love working with NVIDIA and they make the best AI chips in the world. We hope to be a gigantic customer for a very long time. I don’t get where all this insanity is coming from.”
Microsoft’s Copilot chatbot has become central to its artificial-intelligence strategy as the company’s close partnership with OpenAI diminishes. But the effort to build it up as a ChatGPT alternative has been tough going.
Confusing brand positioning and interoperability problems have frustrated users, current and former employees who have worked on Microsoft’s AI products said.
Interoperability problems? With a Microsoft product?
Only a small proportion of subscribers to Microsoft’s enterprise suite use Copilot, and the percentage who favor it over Google’s Gemini or other tools has decreased in recent months, according to data reviewed by the Journal.
The stakes are high for Microsoft because Copilot is core to a push by Chief Executive Satya Nadella to transform Microsoft into an AI-first company, much as he transformed it into a cloud-first company around a decade ago. Copilot is one of Nadella’s top priorities, current and former executives said.
Microsoft shares tumbled after its earnings report last week sparked investor concern that growth in its most important unit, the Azure cloud-computing business, is slowing, and that its AI business is reliant on OpenAI while Copilot remains unproven. Shares fell nearly 3% Tuesday amid a slide in software stocks prompted by fresh concerns that AI tools will make enterprise subscriptions less necessary.
For other AI companies, we merely suspect they’re evil. For Microsoft (and Google), we already know they’re evil…
Following hot on the heels of Thanksgiving travel and the final push to put out a new Lame Excuse Books catalog next week, this is going to be a somewhat briefer LinkSwarm.
This week: The Supreme Court greenlights the Texas redistricting map, a whole lot of support behind Trump Accounts, more Tim Walz corruption in Minnesota, the January 6 pipeline bomber turns out to be a black anti-Trump radical, more Ukrainian missile and drone strikes on Russian infrastructure, another pedo teacher exposed, Netflix buys Warner Brothers, and a tsunami of horrifying sequels barrels towards movie screens. It’s the Friday LinkSwarm!
Texas’ newly redistricted congressional map will remain in effect for the 2026 primary after the U.S. Supreme Court on Thursday approved a stay of a lower court panel’s ruling against the new lines.
The State of Texas had applied for a stay of that ruling by the El Paso-based federal judicial panel that came down last month, which declared that legislators illegally considered racial factors in the redraw. The Office of the Attorney General (OAG) then appealed that ruling to the U.S. Supreme Court, citing many of the fiery arguments made by the panel’s lone dissenter, Judge Jerry Smith.
Before Thanksgiving, Justice Samuel Alito issued a temporary stay of the ruling, pending further consideration by the full court.
Now that stay has been made permanent, pending a full appeal later on, in a 6 to 3 ruling by the court along ideological lines. Justices Samuel Alito, Clarence Thomas, and Neil Gorsuch penned a concurring opinion.
“First, the dissent does not dispute—because it is indisputable—that the impetus for the adoption of the Texas map (like the map subsequently adopted in California) was partisan advantage pure and simple,” the trio wrote.
“Thus, when the asserted reason for a map is political, it is critical for challengers to produce an alternative map that serves the State’s allegedly partisan aim just as well as the map the State adopted. Id., at 34; Easley v. Cromartie, 532 U. S. 234, 258 (2001). Although respondents’ experts could have easily produced such a map if that were possible, they did not, giving rise to a strong inference that the State’s map was indeed based on partisanship, not race.”
They concluded, “Neither the duration of the District Court’s hearing nor the length of its majority opinion provides an excuse for failing to apply the correct legal standards as set out clearly in our case law.”
Justices Elena Kagan, Sonia Sotomayor, and Ketanji Brown Jackson dissented.
The one-party rule of ‘Democratic Kings’ in Maryland continues to reveal an optically displeasing truth about these leftist activists masquerading as competent politicians, who are anything but, and their epic mismanagement of state finances has only occurred because of limited oversight into their radical agendas.
Fox Baltimore reports that a state legislative audit uncovered major concerns about the oversight of billions of dollars spent by Democratic Gov. Wes Moore and his rudderless leftist allies in Annapolis, who champion everything from failed climate-crisis policies to wokeism to gender identity agendas to social justice and criminal justice reforms, as well as protecting illegal aliens (new voter base) – this is anything but ‘Maryland First’…
“Most recently, a state audit revealed 42 state offices spent a total of $8.5 billion last year with minimal oversight. That audit came on the heels of a State Highway Administration audit detailing $360 million in unauthorized spending for federal projects, and a separate Social Services Administration audit revealing a lack of protections for foster care children in Maryland,” Fox Baltimore wrote in a report.
Taxpayers Protection Alliance president David Williams told Fox Baltimore journalist Jeff Abell, “It’s a problem that almost $9 billion is going to these entities and we just don’t know where the money is going.”
Williams expressed serious concerns over the findings, pointing out, “This is supposed to be a system of checks and balances. We know the checks have gone out but there are no balances to be sure the money is being spent wisely.”
He called for increased oversight, saying, “If you’re receiving taxpayer money, there has to be full accountability, and this is billions of dollars we’re talking about.”
The lack of oversight in Maryland comes as no surprise, given that the state suffers from a disastrous one-party rule of far-left Democrats who care more about upholding the globalist framework of climate-crisis and illegal alien policies.
Moore’s photo next to dark-money-funded NGO emperor Alex Soros makes it all the more clear why he and Maryland Democrats operate with a globalist framework in the first place.
The result of one-party rule has been a ballooning deficit, soaring taxes, a credit rating downgrade, and a continued large-scale exodus of residents fleeing to red states as Maryland quickly loses its charm and is on track to transform into the next “Illinois 2.0.” On top of the financial failures, power grid mismanagement has collided with surging data center demand, sending power bills through the roof.
It’s not a mystery where it went. It disappeared into the pockets of radical leftwing activists and NGOs.
An unlikely bipartisan Senate duo is spearheading a push for employers to donate to the new “Trump accounts” created under the GOP’s “big, beautiful” reconciliation package last summer.
Sens. Ted Cruz, R-Texas, and Cory Booker, D-N.J., teamed up on a letter sent to Fortune 1000 CEOs on Monday encouraging their companies to contribute to the new investment accounts created for young children. Dell CEO Michael Dell and his wife, Susan, pledged a $6.25 billion donation to the accounts Tuesday that earned them a White House appearance with President Donald Trump.
The savings accounts, which are funded with after-tax contributions, were dubbed “Trump accounts” under the budget reconciliation law. The government will contribute $1,000 to the accounts for babies born this year through the end of Trump’s term.
The Congressional Budget Office estimated that the provision would cost $15 billion over 10 years. The Dell donation would expand the program to reach children who wouldn’t qualify for the federal contribution.
“These tax-advantaged accounts ensure that every American child is an immediate shareholder in America’s largest companies and will experience the miracle of compound growth through their lifetime,” Cruz and Booker wrote in their letter seeking corporate contributions.
Texas Lt. Governor Dan Patrick “Backs Trump’s Baby Investment Plan, Wants To Double It in Texas. Under the proposal, Texas newborns would receive an additional $1,000 from the state treasury at birth.”
Lt. Gov. Dan Patrick says Texas should create its own version of President Donald Trump’s new child investment accounts, announcing that the state should provide every Texas newborn with an additional $1,000 in publicly funded, long-term savings beginning in 2027.
The initiative mirrors and expands upon the federal Trump Accounts program created under the One Big Beautiful Bill Act of 2025, which seeds every American newborn’s account with $1,000 that cannot be accessed until adulthood and grows through investment in a broad U.S. stock-market index. The accounts are intended to accumulate wealth from birth and teach families and children long-term financial planning.
In a post on X, Patrick said he “loves” Trump’s idea to invest $1,000 at birth that “cannot be spent until age 18 and must be used for education or other qualifying expenses,” and he applauded Texans Michael and Susan Dell for contributing $6.25 billion to help launch the federal program.
“If I see a great idea from the President that helps Texans, my first question is always, ‘why not do it in Texas, too?’” wrote Patrick.
He noted that about 400,000 babies are born each year in Texas and said that one of his top priorities for the 2027 legislative session will be passing what he calls the “New Little Texan Savings Fund.” Under the proposal, Texas newborns would receive an additional $1,000 from the state treasury at birth, invested in the S&P 500 in alignment with the federal program. Combined with Trump Accounts, Patrick says Texas children would receive a total of $2,000 in initial investment capital, not including voluntary family contributions.
U.S. Transportation Secretary Sean Duffy says he’ll withhold $30.4 million from Minnesota, after a review found nearly one-third of driver’s licenses in the state were issued illegally.
In a letter on Monday, Duffy warned Minnesota officials that more than $30 million in federal highway funds may be withheld unless the state revokes any commercial driver’s licenses (CDLs) that should not have been issued and addresses deficiencies in the state’s commercial driver’s license program.
According to KTSP TV, Secretary Duffy alleged that one-third of Minnesota’s non-domiciled CDLs reviewed by the Federal Motor Carrier Safety Administration (FMCSA) were issued illegally.
Minnesota will have 30 days to revoke the illegally-issued licenses or face the loss of funding.
Secretary Duffy noted that, “Minnesota failed to follow the law and illegally doled out trucking licenses to unsafe, unqualified non-citizens — endangering American families on the road. That abuse stops now under the Trump Administration.”
“The Department will withhold funding if Minnesota continues this reckless behavior that puts non-citizens gaming the system ahead of the safety of Americans,” Duffy added.
Over 400 employees of the Minnesota Department of Human Services are accusing Governor Tim Walz (D) of failing to act on warnings of widespread fraud and of retaliating against whistleblowers.
The accusations come as federal probes are examining the theft of more than a billion dollars from programs like child nutrition, Medicaid, and housing aid and as federal prosecutors announced charges against a 78th defendant in the theft of $250 million from Feeding Our Future child nutrition program.
In a post on X, the Minnesota DHS group called out Walz for ignoring what the group called “a pattern of ignored warnings, threats to whistleblowers, and unqualified appointees prioritizing image over fixes.”
In their post, the Minnesota DHS group explains that, contrary to popular belief, they aren’t a political group but have been continually disappointed in the lack of response they’ve received as well as the governor’s response to those who have pointed out the fraud.
“We let Tim Walz know of fraud early on, hoping for a partnership in stopping fraud but no, we got the opposite response. Tim Walz systematically retaliated against whistleblowers using monitoring, threats, repression, and did his best to discredit fraud reports,” the group wrote.
In addition to retaliating against whistleblowers, the group claims, “Tim Walz disempowered the Office of the Legislative Auditor, allowing agencies to disregard their audit findings and guidance.”
Snip.
In their post on X, the group states that Walz is “100% responsible for massive fraud in Minnesota” and calls for taking the next step of bringing in “external auditors and new leadership.”
– a young black guy – radical anti-Trump activist – sued Trump & ICE & DHS – extreme racial justice advocate – works at his family bail bonds company that frees criminal aliens from ICE custody
Ukraine drone struck FSB headquarters in Chechnya and Livny oil depot in Oryol. The simmering resentment of Russia in Chechnya never went away, so killing a whole bunch of FSB goons isn’t going to help Russia keep a lid on the place.
“Reports say that four military-type quadcopter drones buzzed the flightpath of President Zelensky’s aircraft as it arrived at Dublin Airport on Monday and then went to buzz an Irish Navy ship. This is likely Russian drones and suggests an intelligence leak.” They also buzzed an Irish naval ship, which did jack squat about them because “the ship didn’t have air radar capabilities,” which suggests that either the ship was really small, or the Irish Navy is absolutely useless in a real shooting war. (They also say that the ship was only armed with machine guns, when they’re also supposed to carry 20mm Rheinmetall autocannons.)
“Caleb Elliott was initially arrested on October 3 and is currently in custody on charges of recording and photographing students nude in the locker room at Moore Middle School. The victim count is currently around 40 students. There have been allegations that Elliott was transferred to Moore Middle School following inappropriate behavior at a previous school, had a relationship with a student, and placed cameras inside of the locker room.”
“2025: The Year Late-Night TV Collapsed.”
As Hollywood continues to contract on several fronts, late-night shows are not as sustainable as in the past.
Colbert found that out the hard way in July. CBS announced Colbert’s “Late Show” gig will end in May of 2026. Even more dramatic? No one is slated to replace him. “The Late Show” will end as Colbert signs off.
The shocking part? Reports said the show was costing CBS roughly $40 million a year. Why would any business take that kind of a fiscal drubbing in the first place?
That came on the heels of “The Tonight Show” shrinking from five nights a week to four, “Late Night with Seth Meyers” losing his house band and several late-nighters losing their gigs.
Period.
Think Samantha Bee, Desus & Mero, Trevor Noah, James Corden and Amber Ruffin.
That, plus news that late-night TV revenues have plunged in recent years (along with their audiences), suggested Jimmy Kimmel’s prediction might come true faster than he anticipated.
Late-night TV has much less than 10 years left. This year proved it.
Kimmel nearly took his own show down. The far-Left host suggested Charlie Kirk’s killer was part of the MAGA movement without evidence or a shred of logic.
ABC/Disney sent him the bench for a week before he returned sans apology. He cried, again, but not for misleading viewers.
The Hollywood Left and the media rallied on Kimmel’s behalf, and he returned to the show to spread more misinformation.
Meanwhile, Fox News’ “Gutfeld” continued to out perform the competition on a smaller budget (and, admittedly, an earlier time schedule). That proves there’s a market for a right-leaning audiences ignored, or insulted, by the current late-night landscape.
The future doesn’t look bright for the late-night survivors. Kimmel’s contract ends in May, but he’ll likely sign a new deal before then. ABC proved it couldn’t force Kimmel to apologize for spewing misinformation, and Hollywood would rise up, en masse, anew if ABC/Disney let Kimmel walk.
Does it matter if “Jimmy Kimmel Live!” might be losing money a la Colbert? It’s clear money isn’t the deciding factor anymore given what CBS endured for far too long.
It doesn’t ultimately matter. The late-night talkers showed their cards in 2025. They’re all parts of the DNC at this point, sometimes literally.
Netflix is buying Warner Brothers for $87 billion. To quote the press release:
This acquisition brings together two pioneering entertainment businesses, combining Netflix’s innovation, global reach and best-in-class streaming service with Warner Bros.’ century-long legacy of world-class storytelling. Beloved franchises, shows and movies such as The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz and the DC Universe will join Netflix’s extensive portfolio including Wednesday, Money Heist, Bridgerton, Adolescence and Extraction, creating an extraordinary entertainment offering for audiences worldwide.
“Our mission has always been to entertain the world,” said Ted Sarandos, co-CEO of Netflix. “By combining Warner Bros.’ incredible library of shows and movies—from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends—with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we’ll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling.”
I’m sure the Bugs Bunney-KPop Demon Hunters crossover will be lit…
A company that provides a controversial surveillance technology to both private and public entities throughout Texas was found to have been operating under an expired state license, amid state and federal lawmakers calling for greater scrutiny of the company over privacy and security concerns.
Flock Safety, Inc. installs automatic license plate readers (ALPR) that capture the license plate number and location of each vehicle that passes by. Police can then compare the data in relation to stolen vehicles, missing persons, or other crimes, and law enforcement has successfully used the technology to solve cases.
Flock’s high-resolution cameras create a detailed file that includes other markers on each vehicle, including bumper stickers. The company’s cloud-based system also connects with ALPR data from jurisdictions across the nation in real time, allowing users to map vehicle movement.
After receiving complaints last year that Flock had been installing and operating ALPR cameras on private properties without a license since 2021, the Texas Department of Public Safety (DPS) sent the company a cease and desist order in September 2024. Despite documented violations, DPS granted Flock a license for private operations, but that license expired on September 30, 2025.
More AI vulnerabilities to worry about. “Researchers at Icaro Lab, a collaboration between Sapienza University in Rome and the DexAI think tank, have discovered that AI models from OpenAI, Meta, and Anthropic can leak illicit content across various subjects when instructions are given in poetic form. The illegal content ranges from making nuclear weapons, creating child exploitation material, and developing malware.”
Shall I compare thee to a Teller-Ulam Implosion Core?
Thou art more lovely and more temperate
Critical Drinker tours Estonia. Consider this your periodic reminder that communism sucks and that just about everything they build looks soul-crushingly ugly.
Science, not settled. A whole lot of cracks in what was thought to be settled cosmology have recently appeared, and the uncertainty may result in a revolution in our understanding of the universe, but no one knows what it is yet.
Architect Frank Gehry dead at 96. Never cared for his work, so this is just an excuse to haul out this classic Onion bit from back when they were funny: “Frank Gehry No Longer Allowed To Make Sandwiches For Grandkids.”
Adam Savage geeks out over Paramount archive storage, including a ton of weird dead media formats.
Red Letter Media has a terrifying look at all the sequels, prequels and expanded universe movies coming down the pike. The frightening thing is that some are fake, but I’m not sure any are actually off the table for Hollywood. Honestly, I think I could write Bag of Sugar: The Movie. See, first we change the name to Too Sweet. An evil corporate executive wants to destroy the magic bag of sugar that’s been in the family-owned sugar business for generations…
Illegal aliens continue raking in welfare benefits, the #SchumerShutdown continues, a look at the Democrats’ foreign paymasters, a jihad attack thwarted, cartels are enslaving American Indians in California in the name of weed, some Joe Rogan interviews, Nasty Nancy bows out, Kill Bill returns to theaters, and Bass Pro Shop Fight Club.
It’s astounding, the things we learn when the money runs out and governments actually have to start prioritizing for a change. As the Schumer Shutdown drags through Week Five with no end in sight, the country’s Supplemental Nutrition Assistance Program (SNAP) — aka “food stamps” — ran out of money on Saturday. And given who was taking, it’s a miracle that there was any money left at all.
Agriculture Secretary Brooke Rollins reported yesterday that earlier this year, “we told every state to send us their SNAP data so we could make sure illegal immigrants aren’t getting benefits meant for American families. 29 states stepped up. 21 blue states refused — and two SUED US FOR ASKING!”
That’s because we’re spending billions on benefits to illegal aliens.
My guess is that the Center for Immigration Studies — which bills itself as “low-immigrant” yet “pro-immigration” — was being a bit ironic with this headline: Illegal Immigrants To Be Hit Hard As SNAP and WIC Benefits Expire.
The organization’s 2023 analysis of government data showed that “households headed by illegal immigrants make extensive use of the welfare system, particularly food assistance programs.” CIS estimated that 59% of households headed up by an illegal are on one or more welfare programs, whether it’s cash, food assistance, Medicaid, or housing.
Read that again. We’re giving cash, food, healthcare, and housing to people who aren’t even supposed to be here.
Millions of them, in fact. Even though I could have sworn that Democrats insisted up and down that sort of thing never happened. No wonder 21 blue states didn’t want Rollins looking at their books.
Houston, we have a problem. A very expensive problem.
His suggestions: Require proof of citizenship for all welfare benefits, and ban junk food from purchase with EBT.
The Schumer Shutdown continues. Democrats offered a one year ObamaCare extension and Republicans told them to get stuffed. Republicans should counter-offer an extension of the subsidies for American citizens…but none for illegal alien, plus states are required to submit their benefits database so illegal aliens can be kicked off the program and deported. That would make it even more painfully clear Democrats favor illegal aliens over citizens when they refuse…
Foreigners not only are paying to promote liberal causes and by extension liberal candidates but foreigners are running their own candidates. The Squad has a couple of them and Minneapolis is about to get a Somali mayor.
Foreigners are funding the Indian who was born in Uganda and sent to New York City at some point. Now he’ll a jihadist-friendly communist—but if justice prevails, he may end up in prison instead of being in City Hall.
The New York Post reported last week, “Zohran Mamdani was hit with two criminal referrals Tuesday filed by a campaign finance watchdog accusing the lefty socialist of accepting illegal contributions from foreign donors.
“The Coolidge Reagan Foundation filed the referrals—alleging Mamdani may have violated the Federal Election Campaign Act and New York Election Code—with the Department of Justice’s Criminal Division and Manhattan District Attorney Alvin Bragg’s office on Tuesday.
“The referrals were filed after The Post reported earlier this month Mamdani’s campaign raked in nearly $13,000 in contributions from at least 170 donors with addresses outside the U.S.—including one from his mother-in-law in Dubai.”
Ed Morrissey:
The Democrat Party has turned into the Globalist Party. Their constituency isn’t American voters; it’s the international cognoscenti, who want an America that submits to the “global community.” That is why Democrat leaders do not adapt their policies and positions to the clear consensus in the American electorate, because they have already adapted to constituencies outside the United States.
That isn’t the only institution orienting itself away from American constituencies, and for the same reason. Over the last several decades, Academia has seen billions of dollars flow into its coffers from places like China, Qatar, Saudi Arabia, and elsewhere. There too, the money has pushed institutions to indoctrinate students into radical-Left globalist values and agendas. Universities have largely stopped providing foundational Western-civilization values and education in favor of revisionist propaganda about Western imperialism and colonialism. This in turn colors all of the institutions into which radicalized graduates enter and rise within those structures.
Jonah Goldberg, from 2009 (back before Trump broke his brain):
Liberalism has openly yearned to “Europeanize” American social policy for decades. Liberals point to European health-care systems, union rules, tax policies, industrial policy, foreign policy, and even sexual mores, and say: “We need to be more like them.”
This is a very old story. The founders of modern liberalism, led by Woodrow Wilson and the two Roosevelts, were quite open about their effort to adopt a more European approach to political economy. The progressive leader William Allen White said in 1911: “We were parts, one of another, in the United States and Europe. Something was welding us into one social and economic whole with local political variations. It was Stubbs in Kansas, Jaures in Paris, the Social Democrats in Germany, the Socialists in Belgium, and I should say the whole people in Holland, fighting a common cause.”
But it was FDR’s New Deal that truly aimed to “assimilate the American into the ‘European’ political experience,” according to historian Daniel Boorstin.
After years of Democrats telling the American people that former President Barack Obama’s Affordable Care Act (ACA) was a thriving system, the glaring truth revealed now during the government shutdown is that not only has the ACA resulted in widespread fraud and allegations of kickbacks to insurance companies, the American people are footing the bill for subsidies to hide the fact that Obamacare is broken.
“Everything Obama told us was a complete lie,” E.J. Antoni told John Solomon during a special report on the government shutdown sponsored by the Association of Mature American Citizens.
Antoni, who serves as chief economist at the Heritage Foundation, continued: “When he said, ‘If you like your health care plan, you can keep your health care plan.’ No you couldn’t. Obamacare made a lot of those health care plans illegal. He said, ‘If you like your doctor, you can keep your doctor.’ No, it forced a lot of doctors out of business, and it forced a lot of doctors to no longer take most insurance.”
President Barack Obama repeatedly promised Americans during the rollout of the ACA — commonly known as Obamacare — that “if you like your doctor, you can keep your doctor,” a claim intended to reassure Americans about the ACA’s impact on existing healthcare arrangements. However, millions of people lost access to their preferred and established physicians due to narrowed insurance networks and cancellations of plans which did not comply with the law’s new requirements, leading even left-leaning PolitiFact to name it the “Lie of the Year” in 2013.
Rep. Jack Bergman, R-Mich., revealed the latest scandal within Obamacare. Bergman, speaking to Just The News, laid out the timeline for subsidies which were meant to lighten the burden for Americans but when unused, were pocketed by the insurance companies.
Bergman explained that “In 2010, the Democrats passed the Affordable Care Act. Then in 2014, ACA premium tax credits became available, meant to help families earning 100 to 140% of the federal poverty level – that was designed to help those folks. In 2021, through the ARPA (American Rescue Plan Act), Democrats temporarily extended and expanded those subsidies to everyone, regardless of income, for one year. In 2022, the IRA (Inflation Reduction Act), they extended the expansion again, but only through January 1 of 2026.”
Bergman emphasized that the expiration imposed by Democrats implicitly meant that the extension was not meant to be permanent. That extension expires and is what Democrats have shut down the government over. As Bergman puts it, “They’re blaming us, the Republicans, for letting their own temporary extensions expire.”
The largest surprise regarding these subsidies, is that they haven’t been going directly to patients. They’ve been going to insurance companies, according to Bergman. “Insurance companies’ profits right now are up something like 240+ percent. There’s something morally wrong with that. Not only is it shamefully wrong, but morally wrong.”
Bergman did not name any specific insurance companies.
“Millions of these so-called ghost enrollees, people who are technically eligible, but are unaware of it, never use these subsidies. The insurers pocket the difference.”
OpenSecrets reported that in 2012, the health insurance industry donated roughly $9.6 million to Democrats. In 2024, the industry donated almost $40 million to Democrats.
Five people between the ages of 16 and 20 were arrested Friday, CBS News has learned. Authorities say they were inspired by a former member of the Michigan Army National Guard who was arrested in May for allegedly planning an ISIS-inspired attack against a U.S. Army site in suburban Detroit.
(Just a reminder that Detroit suburbs like Dearborn Heights are majority-Muslim.)
The men were inspired by another “Michigan man” who was arrested in May:
Ammar Abdulmajid-Mohamed Said, 19, was accused of providing support for a planned attack on the U.S. Army’s Tank-Automotive and Armaments Command facility at the Detroit Arsenal.
Democrats have been importing unassimilated Muslims into America for, what, 30 year now? 40? Who initiated the plan, and why?
Over 1,500 alleged criminal illegal aliens were arrested during a 10-day operation in Southeast Texas — including documented gang members, a convicted murderer, and over a dozen sexual offenders.
The Houston branch of U.S. Immigration and Customs Enforcement (ICE) conducted the operation between October 22 and 31, arresting a total of 1,505 alleged criminal illegal aliens.
Among the arrests were 17 “documented gang members,” including an alleged Mexican Mafia gang member, who was convicted for raping and impregnating his minor sister and is wanted in Honduras for murder. A suspected MS-13 gang member was also among the arrested, after he “ran inside a local washateria, climbed through the ceiling panels to get on the roof and became wedged in a sign on the side of the building,” before being captured by Houston ICE.
Forty “aggravated felons” were reported as being among the 1,505 arrested, as were 13 sexual predators.
One of the arrested is Vongphachan Phothisome of Laos, who was convicted of sexual exploitation of a child. Similarly, an illegal alien from Honduras, Rony Andy Martinez Lopez, was convicted of “lewd and lascivious acts with a minor and cruelty towards a child.”
A comparable week-long operation conducted by Houston ICE in early September yielded about half the arrests as this October one, with 822 alleged criminal illegal aliens arrested last month.
Native American sovereignty and California’s policies that shield illegal immigrants have allowed Mexican drug cartels to swoop in on tribal lands of the Round Valley Indian Tribes, a confederation of several tribes, the sheriff said.
The valley, known for illegal marijuana grows on tribal lands, is remote and surrounded by forested mountainous terrain. It’s a patchwork of tribal lands and those sold off to private owners years ago.
[Mendocino County Sheriff Matt] Kendall, 56, grew up here in the 1970s. During the drive to Covelo, an isolated town in the valley, he talks about how the times have changed over the decades.
“Back in the ’60s and ’70s, it was a beautiful place—a lot of freedom here,” he said. “When we were kids, we’d be riding our horses and having fun. Every kid in this valley had a horse. We’d go out to the river. All of us had summertime jobs, hauling hay and cutting firewood.”
His nostalgic journey ends abruptly as he passes a burned-out building with murals of missing women on its walls—a stark reminder of the violence that plagues the valley. Other banners along the road display their names and faces, including that of Khadijah Rose Britton, a native American woman who, according to the FBI, was last seen in Covelo being kidnapped at gunpoint in 2018.
Today, Kendall says, “there’s a little bit of farming, and then just tons and tons of marijuana, and pretty much all of it is illegal.”
“We see a lot of Hispanics here when there is no work, no sawmill jobs, no grapes, no vineyards and not much logging. They’re all here taking orders to grow marijuana, and a lot of it’s happening on tribal lands.”
He estimates up to 80 percent of the illegal marijuana in Mendocino County is grown on tribal lands, based on aerial surveillance and satellite imagery revealing a vast network of illegal grow ops.
A blow against tranny madness. “Supreme Court Reinstates Trump Admin Requirement That Passports Reflect Biological Sex.”
Joe Rogan interviews Elon Musk, again. I have not remotely watched all three hours of it, but I don’t rule out posting clips from it in the future.
Speaking of Musk, Telsa shareholders just approved a $1 trillion pay package for him, assuming he hits certain metrics over the next decade. My guess is that’s a whole lot of pie in the sky, even for him…
Speaking of three hour Joe Rogan interviews, he did one with Billy Bob Thorton that just dropped. I’m sure I’ll watch all of that one as well…
Nancy Pelosi announces her retirement. She was able to force the abomination that was ObamaCare over the line, and grab a lot of taxpayer-funded pork for Democrats, but it’s doubtful her terms as Speaker resulted in lasting achievements for Democrats. She was bad, but if another Democrat manages to be Speaker in my lifetime, my default assumption is that they’ll be much, much worse…
A Washington Parish grand jury in Louisiana has indicted Democratic Bogalusa, Louisiana Mayor Tyrin Z. Truong on charges of malfeasance in office, public intimidation, and theft, according to the Bogalusa Daily News.
The indictment is part of what officials describe as an ongoing multi-agency investigation involving federal, state, and local authorities. Prosecutors allege Truong intentionally carried out his official duties unlawfully and knowingly allowed other city employees to ignore theirs. His arraignment is scheduled for November 10, 2025.
According to prosecutors, the case centers on claims that Truong misused Bogalusa taxpayer funds to pay a personal legal debt from a 2023 Louisiana public records lawsuit in which a judge ruled that Truong personally owed attorney fees and penalties after refusing to release public documents.
When the Bogalusa City Council denied his request to use public money, prosecutors say Truong threatened retaliation, vowing to overwhelm council members with records requests. Investigators allege he then pressured a city insurance vendor to issue a check labeled as a “reimbursement,” had it deposited into a city account, and ordered another check for the same amount to be written to himself.
Rookie mistake. Graft pros always have the check written to an intermediary cutout who withdraws the money and pays them in cash…
In 2022, Gov. Gretchen Whitmer (D-MI) announced a plan to give $715 million in taxpayer cash and tax incentives to lure Gotion, a Chinese battery maker, to rural central Michigan. She did it in the midst of a reelection campaign so she could fire off a press release claiming credit for 2,600 “good-paying jobs.”
She didn’t mind the fact that this proposed one-square-mile plant would be located less than 100 miles from an Army and National Guard training facility called Camp Grayling. The real irony is that the U.S. military has been training the Taiwanese military at Camp Graying for years to repel a Chinese invasion. Our governor was going to pay the CCP to operate a plant in the middle of the state. Genius!
Local residents rose up. Yes, of course, because they objected to the possibility of Chinese spies roaming around their community. But also because they resented the way in which the project was unveiled. Elected officials signed nondisclosure agreements with economic development agencies and then said they were legally bound from sharing details with the residents footing the bill.
The more questions citizens had, the more obstinate company, township, and state officials became. Green Charter Township is made up of normal people: farmers, small business owners, and the like. James Chapman, the chief project proponent and former township supervisor, quickly lost his patience in meetings and yelled at the rubes who had the temerity to attend and voice their opinions. They would yell right back. The massive project, shrouded in arrogant secrecy, bitterly divided the small community.
It reached a boiling point when township officials who were supporting the project either resigned or were overwhelmingly recalled. A new board was elected, and they went about doing the due diligence that taxpayers expect elected officials to pursue for such an expensive and disruptive project.
The CCP-linked company sued the new board, driving up massive legal bills for the tiny community. The company didn’t want to wait for environmental approvals, tearing down trees and homes. The community continued fighting, even employing President Donald Trump and Vice President JD Vance. Trump publicly opposed the project. Vance held a campaign rally across the street.
When they took office in January, they changed former President Joe Biden’s scam electric vehicle mandates, and the whole racket collapsed. It was the beginning of the end for the Gotion project.
Last week, the state of Michigan announced it was withdrawing the promise of $175 million in taxpayer cash, although $50 million had already been delivered. It’s unclear whether taxpayers will receive an accounting of where that money went.
The price of freedom is eternal vigilance.
Voting fraud alert. “North Carolina Republicans say texts show that local Democrats are paying for people’s votes.”
The North Carolina Republican Party referred an alleged vote-buying scheme to the State Board of Elections for investigation on Friday, claiming that a voter had been offered $100 to vote for Democratic candidates in the Wilmington City Council election.
‘This is a troubling allegation and an egregious affront to our democracy and an attempt to buy votes in exchange for cash,’ NC GOP Chair Jason Simmons said in a press conference. ‘The North Carolina Republican Party stands committed and steadfast in its determination for free, fair and transparent elections.’
“FAA Orders Flight Cuts at Texas Airports as Democrat-Led Shutdown Deepens. The FAA will cut flights by 10 percent at 40 of the nation’s top airports due to staffing shortages among air traffic controllers.”
The Department of Energy (DOE) and the Nuclear Regulatory Commission (NRC) recently signed Addendum No. 9 to their 2019 Memorandum of Understanding (MOU), paving the way for faster follow-on licensing of advanced nuclear reactors and nuclear fuel technologies.
This agreement, signed Oct 24th and effective immediately, comes as major concerns have been raised by reactor development companies and industry observers regarding the double work that may be required of developers when they bring their tested products over to the NRC. Demand for clean, reliable energy by data centers and major industrial companies has created a stronger need for change in the path to reactor design commercialization, with companies like Microsoft, Google, and Amazon signing long-term offtake agreements with reactor operators Constellation, NextEra, and Talen.
The addition to the MOU comes from the directives out of Trump’s executive orders signed back in May of this year. From section 5.d of the executive order “Ordering the Reform of the Nuclear Regulatory Commission”:
“Establish an expedited pathway to approve reactor designs that the DOD or the DOE have tested and that have demonstrated the ability to function safely. NRC review of such designs shall focus solely on risks that may arise from new applications permitted by NRC licensure, rather than revisiting risks that have already been addressed in the DOE or DOD processes.”
Surprisingly, the DOE and NRC took the executive order one step further and included a streamlined licensing process for nuclear fuel facilities as well. It becomes less surprising when we remember the current administration has highlighted multiple times the desire to reduce the reliance on foreign nuclear fuel supplies. Even with the Russian uranium import ban, the US is still importing over a fifth of the required enriched uranium from Russia through last year. The US government is looking to expand the domestic capacity of every step in the fuel chain as quickly as possible.
Faster, please.
“Top 20 Theories on Why the EU Committed Cultural Suicide.” They’re not mutually exclusive. And the piece needs an entry for cultural relativism/Frankfurt School and a Gramscian “war of position” against civil society.
Digital media hasn’t become the antidote to television. Digital media, empowered by the serum of algorithmic feeds, has become super-television: more images, more videos, more isolation. Home-alone time has surged as our devices have become more bottomless feeds of video content. Rather than escape the solitude crisis that Putnam described in the 1990s, we now seem to be more on our own. (Not to mention: meaner and stupider, too.)
It would be rash to blame our berserk political moment entirely on short-form video, but it would be careless to forget that some people really did try to warn us that this was coming. In Amusing Ourselves to Death1, Neil Postman wrote that “each medium, like language itself, makes possible a unique mode of discourse by providing a new orientation for thought, for expression, for sensibility.” Television speaks to us in a particular dialect, Postman argued. When everything turns into television, every form of communication starts to adopt television’s values: immediacy, emotion, spectacle, brevity. In the glow of a local news program, or an outraged news feed, the viewer bathes in a vat of their own cortisol. When everything is urgent, nothing is truly important. Politics becomes theater. Science becomes storytelling. News becomes performance. The result, Postman warned, is a society that forgets how to think in paragraphs, and learns instead to think in scenes.
Snip.
Short-form video is indistinguishable from what today’s youth consider the definition of American success. For five straight years, Gen Z has told pollsters that the thing they most want to be when they grow up is an “influencer.”
When literally everything becomes television, what disappears is not something so broad as intelligence (although that seems to be going, too) but something harder to put into words, and even harder to prove the value of. It’s something like inwardness. The capacity for solitude, for sustained attention, for meaning that penetrates inward rather than swipes away at the tip of a finger: These virtues feel out of step with a world where every medium is the same medium and everything in life converges to the value system of the same thing, which is television.
I’m not free from guilt myself. I only turn on my TV one day a week, but I watch waaaaaaay too much YouTube. (Previously.) (Hat tip: Greg Ellifritz via Dwight.)
GM to iPhone users: Drop dead. “General Motors is dropping Apple CarPlay and Android Auto support across all of its brands—Buick, Cadillac, Chevrolet, and GMC.”
“Microsoft just revealed that OpenAI lost more than $11.5B last quarter.” “If Microsoft owns 27 percent of OpenAI, it stands to reason under equity accounting that it bears 27 percent of OpenAI’s losses. Microsoft’s admission that it shaved $3.1 billion off its net income to account for its share of OpenAI losses therefore suggests OpenAI lost about $11.5 billion during the quarter.”
“Quentin Tarantino’s KILL BILL: THE WHOLE BLOODY AFFAIR unites Volume 1 and Volume 2 into a single, unrated epic—presented exactly as he intended, complete with a new, never-before-seen anime sequence.”
Coming to theaters in December. If I wasn’t in financial turtle mode, I’d probably go out and see it…
Having been out of work for a while, people ask me if I’ve been displaced by AI. My reply is “Not directly.” Indirectly, I think the factor is that just about all venture capital funds are throwing money at AI-related companies, meaning non-AI startups that might need technical writers aren’t being funded.
Having lived through the dotcom bust, I have to wonder how bad the fallout from the AI bubble bursting is going to be. The dotcom bubble wasn’t all beenz and pets.com…
…and it fueled a whole lot of subsidiary bubbles: PC and server manufacturers to run the software, Microsoft to run the PCs, semiconductor manufacturers to provide chips for the PCs and servers, semiconductor equipment manufacturers to build those same chips, network gear providers to connect the data centers, etc. And that only scratches the surface. Cisco, Dell, Compaq, Netscape, Yahoo, AOL, Oracle, Sun, HP, Intel, AMD, Applied Materials (where I worked 1997-2001), LAM Research, KLA-Tencor, all had huge growth spurts during the dotcom era as their customers spent big money to get “on the web.” Even dinosaurs like IBM, Motorola and DEC enjoyed business boosts from the era. All suffered in the wake of the dotcom bust, some being bought up or disappearing into other companies.
The same is true of today’s multi-trillion dollar AI boom. Companies like OpenAI may get the most ink, but a whole lot of other companies are getting boosted as well. Some of the names are even the same as the dotcom bubble: Microsoft, Oracle, AMD. Applied Material stock has gone through the roof now that I don’t own any. Cisco is just getting back to the level of their record stock highs during the dotcom era.
Data centers are supposedly planned or going up all around the country, and so many are buying Nvidia’s AI chips that they now boast a breathtaking $4.88 trillion market cap.
Someone is supposedly going to build a $165 billion data center in New Mexico near El Paso. That number is kind of insane, as you could build 5-10 cutting edge fabs for that kind of money. I don’t see how you get any sort of ROI on such a big upfront investment.
When the AI bubble busts (not if, when), a whole lot of these projects will likely come a cropper. A lot of people will have made a lot of money, AI will probably revolutionize a few industries and prove mostly hype in others, and retail investors and bondholders will be left holding the bag. Like the doctom bust, a lot of new companies will rise from the wreckage and start the cycle all over again.
And companies that can best take advantage of idle data centers and newly abundant nuclear power (assuming the boom even lasts that long) will be the ones poised to help build the next tech boom…
A whole lot of despicable Democrats voted against remembering Charlie Kirk and denouncing political violence, a whole bunch of lefties are still lying about Kirk, Comey indicted, President Trump officially backs a complete Ukraine victory, a new American stealth fighter enters production, two murderous lefty scumbags die, and an infamous thirty-four year old Austin murder mystery is solved.
“The ‘Study’ You’re Citing About Right-Wing Violence Is Full Of Fake Data.”
After Charlie Kirk was assassinated last week, conservatives noted that most political violence comes from the left. The left bristles at this fact and has responded by dramatically padding the numbers to pretend the reverse is true.
Consider a Sept. 12 piece from The Economist claiming, “extremists on both left and right commit violence, although more incidents appear to come from right-leaning attackers.”
Right up front, the piece admits it used data “largely compiled by researchers whom sceptical (sic) conservatives would probably dismiss as biased.” The disclaimer is meant to inoculate The Economist’s audience to its sloppy reporting, as if challenges from conservatives will somehow prove The Economist’s accuracy.
Yes, readers should be beyond skeptical of the source in that piece, The Prosecution Project. Its website claims to “track[] and provid[e] analysis of felony criminal cases involving illegal political violence, terrorism, and extremism occurring in the United States since 1990.”
The founder and executive director of the Prosecution Project is Michael Loadenthal, although the links naming the website’s leadership were broken Friday, meaning no names were visible. Google had not yet scrubbed Loadenthal’s name from searches.
Loadenthal is an “openly anarchist Antifa-affiliated … researcher at the University of Cincinnati who, by his own admission, is a far-left violent extremist,” The Federalist reported in 2023.
So we have an Antifa-connected researcher with rabid bias against the right, held out as an expert on deciding who is extreme. It is like using a vegetarian to define which meat eaters are the most humane — none of them, says the vegetarian.
The Prosecution Project lists January 2024 charges against John Reardon of Massachusetts, who made antisemitic threats against synagogues and the Israeli Consulate. It notes, “Influenced by events in Gaza, he also said, ‘you do realize that by supporting genocide that means it’s ok for people to commit genocide against you.’” The Department of Justice never identified Reardon’s political affiliation, but The Prosecution Project’s own account seems to indicate he was a pro-Palestine fanatic, a cause typically associated with Democrats. Yet The Prosecution Project identifies Reardon’s crimes as “rightist” because they’re “identity-focused.”
The group also lists 2022 Freedom of Access to Clinic Entrances Act charges against Edmee Chavannes — even though “Chavannes was found not guilty.”
The Prosecution Project even includes the posting of racist stickers in its tracker, as if that’s comparable to terrorism or violence. One wonders if the group will treat Democrats’ desecration of Charlie Kirk memorials with the same seriousness.
Most crimes involving race or abortion businesses are blamed on the right in the data, with nothing to back up those claims. Yet these issues and others often cross over to the left. The Federalist has reported on the progressive anti-abortion movement, for example, and the left’s Marxist oppressor-versus-oppressed framework is manifestly racist.
Comb through the ridiculous data on The Prosecution Project’s website, and you will soon conclude it is worthless to everyone except leftist propagandists trying to downplay Charlie Kirk’s murder and flip the blame for violence in the U.S. to the right.
Similarly, a biased “study” by Alex Nowrasteh at the Cato Institute was debunked this week by Amber Duke at The Daily Caller.
Nowrasteh claims politically motivated violence is rare in the U.S., but that when it happens, “right-wing terrorists” are more often to blame than the left — that is, when you exclude the terrorists who killed 2,977 victims on Sept. 11, 2001, and exclude injuries, property damage, and people who were not killed. Thus, his criteria exclude the two assassination attempts on President Donald Trump, for example. Additionally, Duke found that some of the crimes Nowrasteh blamed on the right were at best questionable and at worst downright wrong.
Duke pointed to another lopsided study by the Anti-Defamation League, which also claims the right is to blame for increased political violence. Ryan James Girdusky unpacked those magic numbers and noted glaring omissions. For example, the ADL left the murder of United Healthcare CEO Brian Thompson out of its study.
Despite the evidence all pointing to Kirk’s killer being on the left wing of the ideological spectrum, the conspiracy theory about a right-wing shooter was pushed by a host of Democratic members of Congress, high-profile left-wing activists, liberal social media influencers, and more.
The most common evidence-free claim on the left has been that the shooter was a follower of far right influencer Nick Fuentes.
Lot’s more quotes from various lefty idiots asserting this connection without proof at the link.
As each new detail trickled out, and the killer’s transgender associations became clearer and clearer, the hysterical spin and assertions of blunt unreality mounted. Cynical pros began inserting outright lies into the mix, as partisan myrmidons took up their work and used it in desperate, craven attempts to either spin facts in ridiculous ways (“his parents are Republicans!”) or simply pretend the facts weren’t “facts” at all. All of it was done with the intent of trying to will into existence — through the spread of fear, uncertainty, and doubt — an alternate narrative whose intended moral calculus amounted to, in so many words, Charlie Kirk was killed by his own team, and this is actually your fault.
So, no, I’m not about to move on just yet.
I could understand a certain amount of denialism at first, because I understand human nature. For those on the left who treat politics like a substitute religion — an increasing number of people in our irreligious age — this moment has been akin to seeing several of the central tenets of your faith publicly refuted. The revelation of the identity of the alleged shooter and the reports about his beliefs were arguably the worst possible scenario for the sorts of loud Democratic types who are deeply invested in the idea of the MAGA right as America’s true fever-swamp of hatred and violence.
I can understand ignorance as well, because I depend on documenting it for a job — the Carnival of Fools would have to fold up its tent without it. In the days before the suspect was caught, it was natural that desperate progressives who get their news from left-wing authorities would use that span of time — when the killer was still at large — to conjure their own arcane interpretive theories in defiance of the known evidence. I feel inevitable disgust at these sad attempts at spin — I know who publicly celebrated the attack on Kirk, after all, and it wasn’t anyone on my side — but again, it was expected.
But I can’t understand any of this after Tyler Robinson was caught on Friday morning. At that point, mere ignorance and wish-casting turned into an active disinformation campaign, and it was particularly appalling to see from people whose civic responsibility it is to know better. To take one example, how about the repellent Eric Swalwell? On Friday afternoon, in an audaciously sleazy bit of “partial storytelling,” the California congressman tweeted: “It doesn’t matter that Kirk’s killer was a straight white male. Or that he was from a Republican family that voted for Donald Trump. Violence has NEVER been the answer.”
If he thought this was a cute joke, he’s a moral reprobate. If he thought it was an effective deceit, he’s also a moral reprobate. I think it is thus fair to conclude that he’s a moral reprobate. The jury’s still out on his fellow California Democratic congressman Dave Min, however, who may simply be stupid. Min said on Saturday: “Now that the Charlie Kirk assassin has been identified as MAGA, I’m sure Donald Trump, Elon Musk and all the insane GOP politicians who called for retribution against the ‘RADICAL LEFT’ will now shift their focus to stopping the toxic violence of the RADICAL RIGHT.” (As it turns out, Dave? No, we won’t!)
How about Harvard Law professor — and Joe Biden legal adviser — Laurence Tribe? Tribe announced on Twitter that the killer “seems to have been ultra-MAGA, exploding the GOP/MAGA attempt to pin the blame for this tragedy on liberals.” (How he got that idea is anybody’s guess.) Later, he deleted the tweet and posted a non-apology accusing the right of “making things up” by associating the killer with transgender or left-wing causes. I can only tell you that once upon a time he had a fine legal mind.
I certainly can’t say the same for Heather Cox Richardson, the world’s most-followed Substacker. Richardson is a Temu Tribe, an oracle of the complacently progressive academic establishment, and demonstrated it once again by going on a podcast on Friday to claim that the killer was a “right-winger” and all those outraged conservatives online were now retreating “in a real hurry.” (Lest you think that was an error born of speaking off the cuff, Richardson put it in writing as well.)
Now that the gaslighting has become impossible to sustain, the left has moved on to its last line of defense: “Let’s not bicker and argue about who killed whom.” It will be a long time before I forget the five days I have just spent being gaslighted both by political operators as well as people who remain transparently in denial. I expected better of them. I held them only to the standards that I hold myself. It was a mistake.
“Trump golf club gunman [Ryan Routh] found guilty after assassination attempt; tries to stab self in court.” The left is sending us an endless parade of violent lunatics and losers.
One of former President Joe Biden’s top aides – Jeff Zients, told the House Oversight Committee on Thursday that an aide with his email credentials was green lighting some of the most controversial ‘autopen’ pardons, that Hunter Biden – who received an insane pardon himself – was involved in the pardon discussions, and that Joe Biden’s brain was pea soup.
According to Axios, Zients – one of the highest ranking officials from the Biden White House – confirmed that Joe Biden had difficulty remembering dates and names, and often required extra briefings to make decisions during the final years of his presidency.
Instead of having three meetings before making a decision, for example, Biden would want four.
Zients said Biden had long had trouble with names and dates, but acknowledged to investigators that the president’s memory of such facts got worse in the final years of his term.
Jill Biden, meanwhile, spoke with Zients about ‘managing Joe’ as Zients was readying himself to take on the role of Chief of Staff in early 2023 – urging him to adjust Biden’s schedule so he could get more rest and return to the White House residence earlier in the evening.
Longtime Biden aide and deputy CoS Annie Tomasini also spoke with Zients about limiting Biden’s schedule and shortening distances and stairs.
According to Fox News, Zients “admitted that President Biden’s speech stumbles increased as he aged,” adding “He also noted that the president’s difficulty remembering dates and names worsened over time, including during the administration.”
Also interesting – Zients told investigators that Hunter Biden was involved in discussions about presidential pardons towards the end of Biden’s term, which included the blanket pardons of several members of the Biden family issued during Joe’s final 24 hours in office. It had been previously reported by NBC News that Hunter was sitting in on White House meetings following the former president’s horrible performance during a June 2024 debate against Donald Trump.
And just like that millions of lefty sorts who piously sand “No one’s above the law!” for the ginned-up Trump indictments all automatically switched to “This is a dangerous precedent!” when it comes to indicting James Comey.
Former FBI Director James Comey has been indicted on criminal charges related to allegations that he lied to Congress during testimony in 2020 about whether he authorized a leak of information.
Comey is facing one count of false statements and one count of obstruction of justice, according to a release from the Department of Justice.
“No one is above the law. Today’s indictment reflects this Department of Justice’s commitment to holding those who abuse positions of power accountable for misleading the American people. We will follow the facts in this case,” Attorney General Pam Bondi said in a statement.
President Trump reacted gleefully to the indictment in a statement shared to Truth Social.
“JUSTICE IN AMERICA! One of the worst human beings this Country has ever been exposed to is James Comey, the former Corrupt Head of the FBI.”
“Today he was indicted by a Grand Jury on two felony counts for various illegal and unlawful acts. He has been so bad for our Country, for so long, and is now at the beginning of being held responsible for his crimes against our Nation. MAKE AMERICA GREAT AGAIN!”
Comey’s indictment in Virginia federal court comes just days before the statute of limitations for the perjury charge was set to run out. The charges come five years after Comey testified on September 30, 2020, before the Senate Judiciary Committee that he never authorized anyone at the FBI to leak information to the press related to the investigations of either possible collusion between Trump and Russia or Hillary Clinton’s use of an unauthorized email system.
During the hearing, Senator Ted Cruz (R., Texas) asked Comey whether he had authorized leaks related to either investigation. Comey reiterated what he said in 2017 congressional testimony, that he had not.
Cruz argued that former FBI Deputy Director Andrew McCabe had said Comey authorized at least one such disclosure, related to the Clinton investigation. But the Justice Department inspector general found in 2018 that McCabe had “lacked candor when he told Comey, or made statements that led Comey to believe, that McCabe had not authorized the disclosure and did not know who did.”
The charges also center in part on an October 2016 New York Times report, “Investigating Donald Trump, F.B.I. Sees No Clear Link to Russia.”
The Times article was in response to reporting in Slate that Trump had established a communications back channel with the Kremlin, involving servers at Trump Tower in Manhattan and Alfa Bank, one of Russia’s largest financial institutions.
Hours after the Slate article was published, the Times report related the FBI’s conclusion that the back-channel claim was unfounded. The report also detailed that the bureau’s counterintelligence investigation of Russia’s malign activities in connection with the 2016 campaign were not linked to Trump and his campaign.
Special counsel John Durham probed the leaks to the Times in connection with the story as an unauthorized public disclosure (UPD) of classified information.
The February 2020 closing memorandum for the probe, obtained by veteran journalist Catherine Herridge, found there were two major government sources for the story: James Baker, FBI general counsel and a close adviser to Comey, and FBI Chief of Staff James Rybicki. Baker told investigators that he was “under the belief” that he was “ultimately instructed and authorized to [provide information to the Times] by then FBI Director James Comey.”
However, Baker did not claim that Comey gave him a direct order. “Baker indicated that FBI Chief of Staff James Rybicki instructed him (Baker) to disclose the information to the NYT, and Baker understood Rybicki was conveying this instruction and authorization from Comey.”
A Dallas U.S. Immigration and Customs Enforcement (ICE) facility was the target of a shooting Wednesday morning that left two detainees dead, one person injured, and the suspect committing suicide at the scene.
According to the Dallas Police Department, law enforcement responded to a call at a Dallas ICE facility after reports that someone had opened fire from an adjacent building.
Two detainees were pronounced dead, with another being rushed to the hospital in critical condition with a gunshot injury.
The suspected shooter, a white male armed with a rifle on a roof, died by suicide as agents approached, FOX4 Dallas reported.
ICE Acting Director Todd Lyons spoke to CNN about the shooting as the event unfolded, saying that the scene is secure and the shooter is “down from a self-inflicted gunshot wound.”
Bullets found had anti-ICE slogans written on them.
Why people who kept freaking out at Trump negotiating with Putin shouldn’t have. “Trump Says Ukraine Can Win Back All of Its Territory from Russia.”
President Donald Trump declared his belief Tuesday that Ukraine can win its war against Russia outright, an extraordinary shift in tone with significant ramifications for U.S. policy.
Trump shared his views on Truth Social after meeting with Ukrainian President Volodymyr Zelensky at the United Nations General Assembly in New York City.
“I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form. With time, patience, and the financial support of Europe and, in particular, NATO, the original Borders from where this War started, is very much an option,” Trump said.
Trump’s position is a 180-degree shift from his longstanding view that Ukraine would have to cede territory to Russia as a condition for ending the war. Moscow holds roughly a fifth of Ukraine’s territory after invading its neighbor three-and-a-half years ago. Russian forces have slowly made gains along the eastern part of Ukraine in what has become a grueling war of attrition with hundreds of thousands of estimated casualties.
Trump argued Russia is a “paper tiger” and suggested Russian people were not aware of the damage Russian President Vladimir Putin has done to their nation. He also praised the “Great Spirit” of Ukraine and said Ukraine could “maybe even go further” than reclaiming its original territory. Trump’s comments are a stark contrast from his past statements that argued Russia was winning the war and likened Zelensky to a dictator.
Trump promised the U.S. would keep sending weapons to NATO for the alliance to use in the way it sees fit. His comments will likely prompt a furious response from Putin and Russian forces in Ukraine. It also remains to be seen how Trump’s restraint-oriented cabinet members and political allies react to his unexpected shift.
As previously observed, Trump’s negotiating strategy works on persuasion and tit-for-tat strategies. Zelensky, after some early stumbles, is finally fully onboard with Trump, while Putin hasn’t offered anything in return to Trump’s overtures. That means that Zelensky gets all the carrots, and Putin gets all the sticks. Golly, who could have seen that one coming except everyone who’s actually watched Trump operate for the last ten years who isn’t suffering from Trump Derangement Syndrome?
Ukraine launched another big drone strike, this one on the Saratov oil refinery in Bryanskaya Ulitsa, Saratov Oblast, the third time they’ve hit it since August.
Secretary of War Pete Hesgeth has summoned 800 generals and admirals from around the world to Washington D.C. without telling them what for. They’re going to be pretty surprised when he announces that he’s brought all of them there to talk about Amway…
23-year-old Hunter Nadeau was arrested on scene for shooting multiple victims at the Sky Meadow Country Club in Nashau, New Hampshire, Saturday night. A 59-year-old named Robert DeCesare was killed in front of his family. At least two others were injured.
Tom Bartelson of Pepperell, Massachusetts, is the witness in the video above. He was at his nephew’s wedding in a private room of the club when the gunman entered the building dressed in all black. The shooter yelled, “The children are safe!” and “Free Palestine!” before killing DeCesare. He then moved into the club restaurant and opened fire again.
Funny no matter what the leftwing cause, the solution seems to be murdering American citizens.
A once-celebrated Boston social activist has pleaded guilty to defrauding donors — including Black Lives Matter — out of thousands of dollars that she used as a personal piggy bank.
Monica Cannon-Grant, 44, pleaded guilty Monday to 18 counts of fraud-related crimes that she committed with her late husband while operating their Violence in Boston (VIB) activists group, according to the US Attorney’s Office in Massachusetts.
The activist scammed money — including $3,000 from a BLM group — while claiming it was to help feed children and run protests like one in 2020 over the murder of George Floyd and police violence.
Cannon-Grant also conned her way into getting $100,000 in federal pandemic-related unemployment benefits — which she used to pay off her personal auto loan and car insurance policy.
But she has now confessed to transferring funds to personal bank accounts to pay for rent, shopping sprees, delivery meals, visits to a nail salon — and even a summer vacation to Maryland.
At least 187 code packages made available through the JavaScript repository NPM have been infected with a self-replicating worm that steals credentials from developers and publishes those secrets on GitHub, experts warn. The malware, which briefly infected multiple code packages from the security vendor CrowdStrike, steals and publishes even more credentials every time an infected package is installed.
You may remember Crowdstrike from such hits as “we helped Hillary Clinton illegally erase her secret email server.”
Speaking of technology running amok: “OpenAI admits AI hallucinations are mathematically inevitable, not just engineering flaws.” That sounds like the sort6 of cruel fact that should throw a kink in all of these AI company’s getting trillion dollar valuations but somehow won’t.
In California, 13 year old boy killed by sex-abusing, illegal alien soccer coach. The family of boy is “suing Los Angeles County and the City of Los Angeles for failing to perform a background check on the coach.”
Turns out that when conservatives said they were being unfairly censored due to Biden Administration pressure, they were right all along. “YouTube Lifts Ban on Censored Creators, Admits Biden Admin Pressure Was ‘Unacceptable.'”
Google is making major changes to YouTube’s free speech policies following pressure from House Republicans and shifts among its top competitors.
In a letter to House Judiciary Committee chairman Jim Jordan (R., Ohio), an attorney for Alphabet, Google and YouTube’s parent company, announced a series of changes to YouTube’s approach to free speech, including the return of banned creators to the platform and the implementation of a community notes system to replace third-party fact-checkers.
YouTube is rolling back its restrictive policies surrounding political speech, especially the Covid-19 pandemic and elections. The video platform said its reliance on public health authorities was well intentioned, but expressed regret at its impact on public debate on issues that were far from settled.
More broadly, YouTube admitted senior Biden administration officials conducted extensive outreach to YouTube to influence its approach to “misinformation” and Covid-19 content that did not violate YouTube’s policies.
“Senior Biden Administration officials, including White House officials, conducted repeated and sustained outreach to Alphabet and pressed the Company regarding certain user-generated content related to the COVID-19 pandemic that did not violate its policies,” the letter reads.
While YouTube independently enforced its policies, Biden officials “continued to press the Company” to remove content that did not violate the platform’s policies. The letter calls out Biden and other administration officials for creating a “political atmosphere that sought to influence the actions of platforms” under the guise of “misinformation.”
President Donald Trump is expected to sign an executive order later this week declaring that an emerging deal involving the video-sharing app TikTok meets American security needs and constitutes a qualified divestiture under U.S. law, according to people familiar with the matter.
Under the deal, American tech company Oracle will serve as the app’s security provider, which will independently monitor the source code of the app as well as study how a U.S.-controlled copy of the TikTok content recommendation algorithm operates and interacts with phone features and updates.
Oracle will be required to “retrain” a leased duplicate TikTok algorithm…
So it will not necessarily be a Chinese spyware app any more, but will still be malware for your brain…
Good news from the border! “Texas, Southwest Region See ‘Historically Low’ Southern Border Apprehensions in August.”
Texas’ border jurisdictions are scrambling to manage thousands of pending Operation Lone Star cases after key state partners abruptly pulled out, leaving local officials to coordinate housing and transportation for defendants.
Kinney County Attorney Brent Smith told Texas Scorecard the Texas Department of Criminal Justice (TDCJ) and the Texas Division of Emergency Management (TDEM), both of which helped provide housing for illegal crossers arrested under the border security initiative, are no longer handling those responsibilities.
The Del Rio Processing Center is reportedly shutting down, along with Val Verde County’s detention facility—the original epicenter of Operation Lone Star (OLS) prosecutions.
“We’re left holding the bag,” Smith said. “Counties are having to figure this out on their own without the infrastructure the state had in place.”
Smith said approximately half of all prosecutions tied to OLS in Kinney County have already been resolved, either through pleas or dismissals, but thousands of cases remain active.
According to numbers from the Texas Indigent Defense Commission, more than 2,600 felony cases have already been resolved. Nearly 2,000 cases are still pending, in part due to lengthy appeals.
Meanwhile, the Kinney County Sheriff’s Office has more than 700 outstanding warrants for alleged smugglers and another 1,400 warrants that have not yet been executed because of limited capacity to house and transport defendants.
Kinney County has contracts with about 10 jails across Texas—including some as far away as the Panhandle—but the county jail cannot hold a person beyond 72 hours, as it is considered a temporary holding facility. That has forced sheriffs and prosecutors into a patchwork system for transferring detainees, with major bottlenecks since TDCJ and TDEM stopped coordinating.
The Dolph Briscoe Unit in Dilley and the Segovia Unit in Edinburg, which had filled major housing roles, are no longer available, worsening the shortage.
Plus border counties have been avoid arresting women because they don’t have room for them in separate facilities.
Amazon settles a lawsuit for tricking people into signing up for Prime and making it nearly impossibility to cancel to the tune of $2.5 billion.
So where did President Trump get the crazy idea that using Tylenol during pregnancy could result in autism? A Harvard study. “Using acetaminophen during pregnancy may increase children’s autism and ADHD risk.”
Austin Yogurt Shop Murders finally solved? retired Austin detective John Jones fingered serial killer and rapist Robert Eugene Brashers (who died in a standoff with police in 1999) as the culprit. Brashers is a serial killer and rapist who committed at least three murders between 1990 and 1998 in the states of South Carolina and Missouri. He died in January 1999 by suicide during a standoff with police. Evidently a new type of DNA testing finally matched up Brashers as the culprit.
More scenes from The Fall Of England: “Muslim who shouted ‘I’m going to kill you’ while stabbing man is given suspended sentence by British court; victim charged instead.”
UK’s Labour government thought they could get away with some cost-free virtue signaling by recognizing “a Palestinian state.” Surprise! “UK could face claim for $2,700,000,000,000 in reparations for recognizing Palestinian state.”
Gov. Greg Abbott today announced a $5.5 million grant from Texas for the construction of a pharmaceutical manufacturing facility in Harris County — one of multiple projects approved under the Texas Jobs, Energy, Technology, and Innovation (JETI) program over the past year.
Abbott joined Eli Lilly and Company executives for a press conference on Tuesday afternoon in Houston to announce its creation of a nearly one million-square foot active pharmaceutical ingredient (API) manufacturing facility. The company estimated that it’ll produce around 600 new jobs and will invest more than $6.5 billion within the state.
The grant of $5.5 million towards Lilly’s new project was made possible through the JETI approval process, a property tax abatement program established through contentious legislation passed during the 88th regular legislative session.
House Bill (HB) 5, which was signed into law by Abbott in June 2023, replaced a 20-year-old initiative with a new economic incentive program. It created a pathway for school districts to grant companies a decade-long break in their property tax payments in exchange for relocation to their area. It limited the kinds of companies eligible to receive abatements and grants for projects in Texas, excluding renewable energy projects after negotiations proved its removal to be necessary for passage in the Legislature.
Let me reiterate my general opposition to government subsidies of business in almost all circumstances. Government shouldn’t be in the business of picking winners and losers. However, an end to subsidizing money-losing “renewable energy” sources that made the Texas Interconnect Grid less reliable is a big plus.
One of the first projects approved under JETI this year, also in Harris County, was to assist Summit Next Gen in opening “a world-class sustainable aviation fuel manufacturing and refining facility along the Texas Gulf Coast,” in January 2025. It’s expected to produce over $1.6 billion in capital investment for Texas.
In February, Abbott made two JETI expansion project announcements: one for a new Braven Environmental facility in Texarkana, estimated to rake in more than $145 million in investment for the state, and the other for Vinton Steel’s “advanced manufacturing facility that recycles ferrous scrap into new steel products.” Vinton is expected to invest over $229 million in the state and create an additional 180 new jobs.
Brazos Midland Processing LLC, also known as Brazos Midstream, was announced as an approved recipient in late August for a “300 million cubic feet per day natural gas processing plant” in Martin County, expected to create $185 million in capital investment.
At Tuesday’s announcement of the new Lilly project, Abbott reiterated that “Texas is the best state in America for doing business.”
And speaking of unreliable renewable energy subsidies: “$2.2 billion solar plant in California scheduled to be turned off after years of wasted money.” That would be Ivanpah Solar Power Facility in California’s Mojave Desert, the one that used mirrors to concentrate light onto a single tower, and which fried lots of birds every year. I’m surprised that it was still running, given how markedly unsuccessful it’s been at generating affordable energy years ago. But I may be confusing it with the similar (and similarly failed) Crescent Dunes project. That’s the one that suffered the molten salt leaks… (Hat tip: Dwight.)
Dwight also brought news of the deaths of two murderous leftwing scumbags: Would-be Gerald R. Ford assassin Sara Jane Moore, and JoAnne Chesimard, aka “Assata Shakur”, of the Black Liberation Army, who murdered New Jersey State Trooper Werner Foerster. The latter died in Havana. Rot in hell, commie.
California attorney hit with $10,000 fine for brief filled with fake ChatGPT quotes. “The Los Angeles-area attorney fined last week, Amir Mostafavi, told the court that he did not read text generated by the AI model before submitting the appeal in July 2023, months after OpenAI marketed ChatGPT as capable of passing the bar exam.” The real fine should be no client ever willing to trust his lazy ass again..
This is pretty damn funny:
The White House has placed a photo of an auto-pen signature instead of a portrait of former President Biden on the “Presidential Walk of Fame” pic.twitter.com/4HRU7g8Vr8
“The radical Lower East Side shop that lured drug addicts to its storefront by offering free clothing, food and Narcan suddenly shut down Tuesday — sparking internal warfare and finger pointing.”
Without warning, Bluestockings Cooperative announced that it would permanently shut down after more than 26 years, stating that “daily operations are unfortunately no longer sustainable on multiple fronts.”
“This was our absolute last resort. On top of our crew’s ongoing struggle against the organized abandonment of New York City and the constant crises, the remaining worker-owner and staff are at the limits of what they can manage in terms of health, disability, and finances,” a statement posted to Instagram reads.
The Suffolk Street shop blamed the closure on its failure as a worker-owned cooperative to “come to consensus around the guiding principles and practices Bluestockings should embody” — adding that an inability to align on political and business operations directly led to the setbacks the business faced over the last two years.
“Of course, $12,000 a month in rent, thousands in utilities, and racist, classist violence from ‘neighbors’ certainly didn’t make our work any easier,” the statement continued.
Bluestockings came under intense outrage from its posh Lower East Side neighborhood, which transformed into a “zombie apocalypse” of strung-out junkies shooting up in broad daylight who were drawn to the bookstore’s free and indiscriminate services.
The self-described “radically inclusive” shop was a state-recognized Opiate Overdose Prevention Program and offered “harm reduction services” like Narcan, drug-testing strips and a used needle-drop off bin — which neighbors alleged enabled the junkies.
In recent years, Bluestockings plunged into around $100,000 in debt to its publishers and book distributors, according to reports.
Social justice is incompatible with both profit and basic human decency. (Hat tip: Dwight.)
Democrats used election fraud and lawfare to strike down a glad-handing, dealmaking Trump the Grey who was treated with deep suspicion by the Republican establishment, and now he’s returned, more powerful than ever, as Trump the White with a unified GOP behind him, someone who has already unleashed a executive order blitzkrieg the likes of which the nation has never seen before. Trump now threatens the Democrats’ one-ring control of the federal bureaucracy, not to mention black and Hispanic voters, in a way previous Republican presidents never did. And Democrats have only themselves to blame for it, not only for their radical, shrieking TDS obstruction in his first term and their radical embrace of a deeply unpopular social justice agenda, but also their use of overreach in using so many executive orders to achieve their agenda. Now Trump has the blueprint and precedent to go after all their power centers. The scope and ferocity of Trump’s assault on a permanent leftwing deep state makes it seem less like The War of the Ring than The War of Wrath, in which the Valar returned to Middle Earth to finally settle Morgoth’s hash once and for all.
OK, I’ll stop making Tolkien analogies now.
Let’s just say that Trump’s first week back in the White House has unleashed a blizzard of winning, and I haven’t even remotely corralled all of it here.
In his final minutes as president, Joe Biden issued preemptive pardons to his two brothers, James and Francis, and his sister, Valerie, to protect them from what he predicts will be politically motivated attacks led by President-elect Donald Trump and Republicans.
“My family has been subjected to unrelenting attacks and threats, motivated solely by a desire to hurt me—the worst kind of partisan politics,” Biden said in a statement. “Unfortunately, I have no reason to believe these attacks will end.”
Biden used his presidential power to pardon five members of his immediate family: James, his wife Sara, Valerie, her husband John Owens, and Francis. The outgoing president said the pardons “should not be mistaken as an acknowledgment that they engaged in any wrongdoing, nor should acceptance be misconstrued as an admission of guilt for any offense.”
James and Sara, in particular, were pardoned, presumably because James wrote Joe a $200,000 check on March 1, 2018 — the same day he received the funds from distressed rural hospital provider Americore.
In September 2017, James and his wife also sent his older brother a $40,000 check that used funds originating from a Chinese energy firm CEFC in addition to other transactions involving Joe that caught the attention of the Republican-led House Oversight and Judiciary Committees. Both checks were classified as loan repayments.
The other family members were pardoned to ensure they aren’t targeted by the incoming administration. The clemency act covers any nonviolent offenses they may have committed since January 1, 2014.
Like running an illegal pay-for-play graft mill for foreign governments. Which is what the Biden Crime Family did.
The federal government’s method of searching through information incidentally collected on U.S.-based individuals violates the U.S. Constitution’s Fourth Amendment, a federal judge has ruled.
“To countenance this practice would convert Section 702 into precisely what Defendant has labeled it – a tool for law enforcement to run ‘backdoor searches’ that circumvent the Fourth Amendment,” U.S. District Judge LaShann Dearcy Hall said in the ruling, which was released on Jan. 21.
Government officials acquired information on the defendant, Agron Hasbajrami, a legal permanent resident who they arrested in 2011 and charged with providing material support to a terrorist organization. The information was gathered under the Foreign Intelligence Surveillance Act (FISA), which lets authorities spy on people.
After Hasbajrami pleaded guilty, authorities disclosed that some of the evidence they used in the case was the fruit of information they obtained without a warrant under a FISA supplement called Section 207, which enables authorities to conduct surveillance on non-U.S. persons reasonably believed to be outside the United States.
Donald Trump won the 2024 election in part because the Left’s hysterical style of attacking Trump no longer worked.
After a decade of this unhinged furor, it proved worthless in winning public support — and for two simple reasons.
One, after years of Russian collusion hoaxes, the laptop disinformation farce, and the warped lies about the “suckers” and “fine people on both sides” — the shrill Left became predictable.
So, the bored public began tuning them out, switching channels, hitting the mute button, and pulling the plug.
Like the deleterious effects of inflation that eventually render a currency worthless, nonstop hectoring, hysterics, pontification, and distortion finally made all such criticisms of Trump mostly as valueless as 1930s German marks.
Second, the wearied public never heard reasoned counterarguments from the likes of a Rachel Maddow. Instead, on spec, she kept mouthing, “The walls are closing in” on Trump.
Former President Joe Biden did not explain why his open border was a better idea than Trump’s closed one. He preferred mumbling about “semi-fascists!” and the “ultra-MAGA!”
The Never Trumpers did not critique the Trump deficits. Instead, they hammered away that Trump was Hitler, or Mussolini, or Putin — or just a dangerous dictator or autocrat.
Angry retired generals never demonstrated why Trump was, in their view, an existential threat to democracy. Instead, they shouted nonstop in op-eds and interviews that he was a fascist, Nazi-like, no different from the guards at Auschwitz, a pathological liar, and should be summarily removed.
Worn-out voters began to understand that these psychodramas were substitutes for substantive criticism or occasions for legitimate debate.
Indeed, the exhausted public finally concluded that the hysterics increased in direct proportion to the poverty of the charges.
So, what did 10 years of such derangement achieve for the Left?
Trump now has control of the White House and both houses of Congress operate under Republican majorities.
The Supreme Court is mostly conservative. Almost all of Trump’s issues — the border, immigration, the economy, foreign policy, and crime — poll well over 50 percent.
No matter, the Left is still hammering away at the trivial and irrelevant — and remains paralyzed in furor and hysterics.
Former Okaland mayor Sheng Thao was “indicted [last] Friday. Also indicted: Andre Jones, who the NYT describes as her ‘boyfriend,’ David Trung Duong, and Andy Hung Duong. David Duong is the head of a local waste management company, and Andy is his son.”
“Starbucks Lost $25 Million Lawsuit Because They Fired An Employee For Being White.” Good. Don’t be racist and don’t violate anti-discrimination laws. It’s not rocket science.
Left UK Guardian newspaper staffers: We’re striking for better wages! Guardian management: Enjoy being replaced by AI.
And another huge Russian oil facility goes up in a giant fireball, this one in Ryazan, some 476 kilometers from the Ukrainian border.
Biden: Stop attacking American ships. Houthis: LOL. Trump: Stop attacking American ships…or else. Houthis: “Yes, Mr. President. Please don’t kill us.”
“West Texas Teacher, Coach Charged With Continuous Sexual Assault of a Child. Justin Esquell is accused of sexually abusing a victim for four years, starting when the child was under the age of 14.”
This could be a very big story. “Trump Announces Tech Companies Will Invest $500 Billion in AI Infrastructure.”
President Donald Trump on Tuesday announced a joint venture between three large tech companies to invest as much as $500 billion into building out U.S. artificial intelligence infrastructure.
The joint venture, known as Stargate, involves Oracle, Open AI, and Softbank and will see the companies join together to build out American data centers to power artificial intelligence systems, including ChatGPT. Stargate, which could cost up to $500 billion over a four-year period, will begin with a data center in Texas, a state friendly to crypto and other parts of the tech industry.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.
Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements.
That’s a lot of heavy hitters, but some of them (I’m looking at you Microsoft) have embraced wokeness. Hopefully their AI project won’t be infected with it.
If they need a technical writer, I know one who’s going to be available soon… (Update: I’m hearing it will be built out in Abilene.)
An end to flag madness. “State Department implements “one flag policy,” meaning no more Pride or BLM flags flown at U.S. facilities.”
CNN laid off 210 people or about 6% of it’s staff of 3,500. That still seems an unsustainably high staff for a network that averages less than a million viewers. Indeed, it’s something like 286 viewers per staffer. What advertisers are willing to pay money to reach so few people?
Hey, remember that whole “Sam Altman fired as CEO/reinstated as CEO of OpenAI” thing a couple of weeks ago? Here’s the archive story.
Sam Altman was reinstated late Tuesday as OpenAI’s chief executive, successfully reversing his ouster by the company’s board last week after a campaign waged by his allies, employees and investors, the company said.
The board would be remade without several members who had opposed Mr. Altman.
“We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” OpenAI said in a post to X, formerly known as Twitter. “We are collaborating to figure out the details. Thank you so much for your patience through this.”
The return of Mr. Altmanand the potential remaking of the board, capped a frenetic five days that upended OpenAI, the maker of the ChatGPT chatbot and one of the world’s highest-profile artificial intelligence companies.
“i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together,” Mr. Altman said in a post to X. “with the new board and w satya’s support, i’m looking forward to returning to openai, and building on our strong partnership with msft.”
OpenAI’s board surprised Mr. Altman and the company’s employees on Friday afternoon when it told him he was being pushed out. Greg Brockman, the company’s president who co-founded the company with Mr. Altman and others, resigned in protest.
The ouster kicked off efforts by Mr. Altman, 38, his allies in the tech industry and OpenAI’s employees to force the company’s board to bring him back. On Sunday evening, after a weekend of negotiations, the board said it was going to stick with its decision.
But in a head-spinning development just hours later, Microsoft, OpenAI’s largest investor, said that Mr. Altman, Mr. Brockman and others would be joining the company to start a new advanced artificial intelligence lab.
Nearly all of OpenAI’s more than 700 employees signed a letter telling the board they would walk out and follow Mr. Altman to Microsoft if he wasn’t reinstated, throwing the future of the start-up into jeopardy.
Four board members — Ilya Sutskever, an OpenAI founder; Adam D’Angelo, the chief executive of Quora; Helen Toner, a director of strategy at Georgetown’s Center for Security and Emerging Technology; and Tasha McCauley, an entrepreneur and computer scientist — had initially decided to push Mr. Altman out.
Well, here’s Patrick Boyle to provide some context:
A few takeaways:
There are two OpenAIs: “The non-profit OpenAI, Inc. registered in Delaware, and its for-profit subsidiary OpenAI Global, LLC.”
Musk was an early, and big, investor in the non-profit. “The founders pledged over one billion dollars to the venture, but actually only contributed around $130 million dollars- the majority of which came from Elon Musk.”
When he felt OpenAI was falling behind in 2018, he wanted to take over OpenAI himself. When the board rejected that, he resigned and took future pledged money with him, which blew a huge hole in their budget. (Whatever you think of Musk, I don’t think not being busy enough is his problem.)
Then came the for-profit doppelganger.
“The profits being capped at 100 times any investment.”
“The company explained this decision saying, ‘We need to invest billions of dollars in the coming years into large-scale cloud compute, attracting and retaining talented people, and building AI supercomputers.’ This transition from nonprofit to for-profit required OpenAI to balance its desire to make money with its stated commitment to ethical AI development.”
“This unconventional structure meant that Open AI had a board of directors, which in theory controls the entire corporate structure (which includes the charity and the capped profit company) – but which unlike other boards is not accountable to shareholders. The directors are in fact not allowed to own any stock to prevent a conflict of interest, because they are specifically not supposed to be aligned with shareholders.”
“The companies operating agreement – to investors – says – in writing: ‘It would be wise to view any investment in OpenAI in the spirit of a donation, with the understanding that it may be difficult to know what role money will play in a post-AGI world.’ Documents like this – that were written by an actual lawyer – highlight the problems we are starting to see from the combined popularity of science fiction in Silicon Valley and widespread microdosing of hallucinogens.”
“In the real world, where the role of money is reasonably well defined, Open AI is an unprofitable company and is expected to need to raise a lot more money over time from investors like Microsoft, to keep up with the high costs of building more sophisticated chatbots.”
“Despite this lack of profitability, the company is valued by investors at 86 billion dollars, and Bloomberg reported last weekend that ‘some investors were considering writing down the entire value of their OpenAI holdings to zero.'”
“Former colleagues would have an open door to follow and join a new AI unit, according to Microsoft chief Satya Nadella. As much of a win as this might have appeared for Microsoft (people were saying that they had managed to buy the hottest AI firm for zero), this might not have been the optimal outcome for them, as they would likely have had to deal with antitrust regulators and lawsuits from other Open AI investors.”
“The majority of Open AI’s 700 or so employees signed an open letter to the board demanding that the board resign and that they rehire Altman. The letter stated that the board had told the employee leadership team that allowing the company to be destroyed ‘would be consistent with the mission.’ The employees said that unless their demands were met, they would resign from Open AI and join the new subsidiary of Microsoft being headed up by Altman and Brockman.”
“You have to wonder what the employee contracts at Open AI look like that the entire staff could leave to work for a major investor in the company leaving Open Ai as an empty shell.”
“Typically, executives like Altman would have contracts that prevent them from hiring away key staff once they are no longer at the firm, and staff would have signed NDA’s preventing them from taking any technology with them.”
“The OpenAI story is a bit of a crazy one, where Microsoft and a number of other sophisticated investors agreed to put billions of dollars in, and employees got stock grants, all at an $86 billion valuation, without the contractual or fiduciary rights that investors might normally expect.”
Rival Anthropic has a similar structure.
“Bad corporate governance has been a growing issue particularly in Silicon Valley where companies like Google, Facebook and Snap structured their IPO’s such that founders were left with unchallenged power to do almost anything that they want.” Google and Facebook are garbage companies, but there are some scenarios where only founders can keep the company on a long-term vision rather than goosing quarterly profits (Jobs at Apple comes to mind).
Warren Buffet has a similar mechanism (A shares of stock only he controls) to keep control of Berkshire Hatheway.
“Since you are buying shares of companies in perpetuity, leadership who are not accountable to shareholders can take value destructive paths without answering to anyone. Meta’s Reality Labs division, which houses its efforts to build the metaverse, has lost around $46.5 billion dollars since 2019. Would Mark Zuckerberg have been able to waste this much money if he was accountable to investors?” I have a fairly strong suspicion that division is being used to hide all sorts of shenanigans.
Boyle is deeply suspicious of “stakeholder capitalism” as opposed to the old-fashioned, profit-maximizing kind.”
The thing missing from this summary, and all the coverage of the story I’ve seen, is why Altman was originally let go, and none of the principals involved seem to be talking about it…
