Lmao the reason this leaked was because he wanted to buy IDEF, a totally illiquid BlackRock fund that trades ~$100k a day, instead of ITA which trades hundred of millions, so he had his brokers call up BlackRock and ask for a direct creation under his name. There’s so many layers of stupidity here.
Four-byline alert: 🚨
“.. A broker for Pete Hegseth, the US defence secretary, attempted to make a big investment in major defence companies in the weeks leading up to the US-Israeli attack on Iran, according to three people familiar with the matter.”
www.ft.com/content/744e...
The New York Times did an architectural analysis of the upcoming White House ballroom.
The symbolism of this addition is incredible.
You couldn't make this stuff up.
here i'm thinking of programs that allow low-income families to use housing vouchers to rent in middle-class neighborhoods
A world in which countries get to "toll" any ship travelling near their shores because they threaten to blow them up can very quickly spiral into a real long term disaster.
Like millions dead level of disaster.
Trump is uniquely able to make everything so much worse.
Plausibly, this should (if it happens) be understood as the death of the federal Constitution
Not just, to be clear, a mortal wound: imo that's already happened. The actual death. Such that it should no longer be understood to be in force
The reason companies are buying up and renting single family houses is because there aren't enough homes! They didn't drive up the price, they just ride the tide.
It is the same reason investors bought NYC taxi medallions before Uber killed that rent seeking strategy.
Make more housing!
You can't make artificial scarcity of housing in a desirable area a big money making scam for the top 10% but somehow try to stop the top .1% from exploiting it.
You need to make housing not some special wealth plan. Build so that it approaches the cost of material/labor.
