Fully agree with the little rants at 31:50 and related leadup at 29:50 @MichaelWBratton @thatSECpodcast
It’s about the SEC Saturdays
podcasts.apple.com/us/podcas…
TCL retweeted
We obviously haven’t had the major jobs wipeout yet. But you read stuff like this. And you read what economics students themselves are saying about working with AI (ht @odavis_h) and it’s hard not to feel like the seismic shift is on its way.
TCL retweeted
This Forbes investigation is a must-read.
Donald Trump pulled in roughly $1.4 billion from crypto in 2025, plus more than $200 million from real estate, and faced a projected tax bill north of $500 million. So his company donated the "development rights" to his Jupiter, Florida golf course to a land trust, argued the course was a natural habitat worth protecting, and kept right on running the club. Forbes estimates the write-off could land around $825 million.
He has done this at least five times since 2005. New York's attorney general alleged two of those appraisals were inflated. In Doral, he claimed a deduction of up to $323 million, more than double what he paid for the entire resort.
A month after the Jupiter deal, he sued the IRS. The settlement his own Justice Department signed bars claims against him over matters that "could be pending," language that appears broad enough to cover this year's taxes. A federal judge found the case was brought to manipulate the judicial process. And the man now running the IRS, who took the job as this deal was being assembled, has a home backing onto those same Jupiter fairways.
This is absolutely ridiculous. Nobody should be able to use the presidency to write his own tax bill.
forbes.com/sites/danalexande…
TCL retweeted
US energy company execs have resigned in disgust as the Trump family is caught secretly expediting the funneling of $25 billion from a sanctioned Russian energy giant in exchange for allowing Russians to obtain a natural gas project in Alaska.
According to investigations by The New York Times and Financial Times, Russia's Novatek allegedly concealed its financial involvement in the American project through a UAE-linked intermediary.
Gentry Beach, a longtime Trump ally and close friend of Donald Trump Jr., signed an agreement with Novatek to pursue natural gas development in Alaska. Reuters documented the arrangement in February.
Meanwhile, Vladimir Putin discussed this cooperation on the Alaska energy project with Trump's representatives, Steve Witkoff and Jared Kushner, during negotiations involving Russia and Ukraine.
The controversy deepened when Polar Train LNG's CEO, Joel Riddle, raised concerns about concealed Russian financing and possible sanctions violations. He departed in September, followed by other senior executives.
The Financial Times also described discussions about a potential arrangement under which Novatek would provide technology for the Alaska project in exchange for sanctions relief benefiting its Arctic LNG 2 development in Siberia.
According to The New York Times, Riddle and two other departing executives warned the Trump administration about the Russian financing and urged officials to investigate.
The White House maintains that the project was mentioned only briefly and that no detailed discussions took place. There is no established evidence that Kushner or Witkoff knew about the allegedly concealed financing. Polar Train LNG denies wrongdoing.
The central question is how a sanctioned Russian energy company became involved in a major American energy venture while Putin was discussing potential economic cooperation with Trump's representatives and a longtime Trump family associate was pursuing a separate agreement with the same Russian company.
Selling Alaska to the Russians or selling Ukraine to the Russians - to the Trump family it's all the same.
ft.com/content/e9cfbfbb-e65a…
TCL retweeted
The Jones Act waiver has delivered 10.1 million barrels of petroleum to Puerto Rico, which is about four times the 2004–2025 annual average, in less than 7 months.
The benefits of Jones Act relief are clear. Learn more from Cato’s @cpgrabow.
ow.ly/LHEO5100fXN
TCL retweeted
Within hours today, #Lithuania faced two serious security incidents. Overnight, a sabotage attempt targeting Starlink infrastructure near Vilnius was thwarted. Its purpose was clear: to undermine a capability critical to #Ukraine’s defence and civilian communications.
This morning, an unidentified UAV violated Lithuanian airspace, posing a risk to our citizens and their property.
Both incidents are a direct consequence of Russia’s war of aggression against Ukraine and its wider repercussions for European security. Hybrid attacks, sabotage, and airspace incursions threaten critical infrastructure, spread fear, and seek to undermine European support for Ukraine.
Lithuania supports, and will continue to support Ukraine in exercising its inherent right of self-defence, in full accordance with Article 51 of the #UN Charter. We also urge Russia to immediately cease its aggression against Ukraine.
We remain vigilant. Attacks against our critical infrastructure will be investigated, exposed, and met with resolve. We stand with our Allies and with Ukraine.
Can we just call it like it is at this point
Trump Signs Order Exempting Russia From Sanctions Legislation
Trump waived key Russia-related US sanctions and tariffs days before they were to take effect under a law he signed last month, including penalties for buying its oil and gas.
reuters.com/world/europe/tru…
Maybe turn on Starlink for Ukraine and save some civilian lives
🔥 BREAKING: The Tesla Roadster just DROVE UPSIDE DOWN and LEVITATED on its way down off a vertical ramp
EPIC!!!
Elon, SpaceX and Tesla OUTDID THEMSELVES!
That is SURREAL.
@ElonMusk: "Well — it worked!"
Pretty fucking bad when Trump is more sensible than you are
Breaking: President Trump canceled plans to livestream the execution of the Fort Hood shooter, reversing a decision by Defense Secretary Pete Hegseth. on.wsj.com/4dHDszQ
Marcellus Wallace’s soul is in the book
pinche cabron
Desesperación.
Donald Trump 🇺🇸 sobre el acuerdo energético con Rusia 🇷🇺: “Creo que han oído hablar del acuerdo petrolero con Rusia. Ese es un gran acuerdo. Son cantidades masivas de petróleo llegando a nuestro país, y quiero agradecer al presidente Putin, para ser honesto con ustedes.”
La realidad: Las primeras 300.000 toneladas que supuestamente llegarán en noviembre son ~12 horas de consumo de diésel de Estados Unidos 🇺🇸, o el ~0,15% del consumo anual.
Trump 🇺🇸 ha decidido vender a Ucrania 🇺🇦 para intentar salvar las elecciones de medio término.
I cannot recommend this book highly enough. Had it on my list for a while, then realized Dad had a copy on his shelf. Engaging, nostalgic, educational, sobering, even for someone who’s lived most of his life here. Very late kudos @jackedavisfl
