Private equity is depicted as a ruthless, unstoppable force destined to slurp up every company in the country & bleed them dry. In reality, the industry made a huge mistake in 2022 by overvaluing their portfolio companies, and now they're desperate for a way out. Me and Moe Tkacik tell the story. 🧵
bethmathews.substack.com/p/why-so-man... a) amazing investigation of something you won't have consciously noticed but immediately realise is true and b) brilliant example of how game design is interaction design is safety design
NEW: Under AG Pam Bondi, the DOJ has dropped 23,000 criminal cases — including hundreds of investigations into terrorism, white-collar crime and drugs — while prosecuting 32,000 new immigration cases in just the first six months of Trump’s second term.
Michael Weiss: We obtained phone calls between Russian Foreign Minister Sergei Lavrov and Hungarian Foreign Minister Péter Szijjártó showing them conspiring to lift EU sanctions on Russia—from oligarchs to banks to the shadow fleet. Did you think Orbán was Putin's just sock puppet? You were right.
A hotline between Hungarian Foreign Minister Péter Szijjártó and Russian Foreign Minister Sergey Lavrov gave Moscow strategic information on critical EU…
The industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
MEMORY.md is just file paths, no summaries. makes total sense ngl. i’ve been moving my agents to this. it’s progressive disclosure
prospect.org
Under Attorney General Pam Bondi, the DOJ abandoned a record number of cases — including hundreds of investigations into terrorism, white-collar crime and drugs — in just the first six months of Presi...
oh interesting. I mean, of course it’s true, but interesting
in case you have time to dig in: x.com/scaling01/st...
Tim Kellogg
Tim Kellogg
13. In short, all writing is political, because all writers are political, and so are all readers. We can't help ourselves in either case. It doesn't matter if you're writing a narrow polemic or an attempted blockbuster. It's okay to be comfortable with these facts; they exist even if you're not.
