Author: nick

[ad_1] “You just wait until the next bear market…” Last month, I talked about how many of the legendary investors I’ve long followed as well as many of my contemporary financial commentators (speaking specifically of the contrarian ilk), are almost unanimous in the opinion that the AI trade is well into bubble territory and stocks in general are overvalued. Hell, even I think that and I’m personally “all in” on AI and have a fair bit of equities exposure to it (not a tonne, but it’s there, and the biggest winners in the TSC portfolio lately have all been AI…

[ad_1] President Donald Trump’s brazenly corrupt “settlement” of his lawsuit against the IRS included a jaw-dropping order in which Acting Attorney General Todd Blanche purported to shield him and his family from liability for tax violations and any other federal offenses they may have committed prior to May 19. During his confirmation hearing on Wednesday, Blanche, who is seeking Senate approval of his nomination as attorney general, repeatedly misrepresented the scope and nature of that sweeping immunity deal. In response to questions from Sen. Richard Durbin (D–Ill.), Blanche preposterously claimed his promise of protection was “typical” of settlements between the…

[ad_1] On July 9, the Seventh Circuit decided Barnett v. Raoul, upholding Illinois’ ban on AR-15 rifles.  Maybe it hadn’t received the memo that the Supreme Court granted cert on June 30 on the Seventh Circuit’s decision in Viramontes v. Cook County, involving the identical issue of whether an AR-15 ban violates the Second Amendment?  Deciding Barnett gives the appearance of the Seventh Circuit filing the equivalent of an amicus brief in support of its prior decision in Viramontes.  (Cert was also granted in Grant v. Higgins, which concerns Connecticut’s similar ban, see my post here.) While always ready to…

[ad_1] In 2023, Defendant WP Company LLC (the “Post”) published an article titled “Trust linked to porn-friendly bank could gain a stake in Trump’s Truth Social,” which reported on the finances of Trump Media Technology Group (“TMTG”). After almost three years of litigation, the Post has now admitted that portions of the article included false information. Specifically, the Post admits its story incorrectly stated that TMTG paid a $240,000 referral fee in connection with an $8 million loan from an entity known as ES Family Trust. The Post now admits that no such payment was made and recently chose to…

[ad_1] The article is here; here’s the Introduction: The gravest contemporary threats to expressive freedom do not always take the form of statutes or criminal sanctions. Increasingly, they take the form of procurement decisions, grant terminations, security-clearance revocations, and regulatory designations—the discretionary instruments of executive administration. When the executive deploys these instruments to penalize disfavored viewpoints while preserving the appearance of ordinary governance, it engages in what I have elsewhere called expressive governance. This phenomenon is doctrinally elusive precisely because it operates in domains where courts have long, and for sound institutional reasons, extended substantial deference to executive judgment. A recent…

[ad_1] Forecasts of AI’s future impacts must be viewed with skepticism, as AI and its promoters are adept at saying what we want to hear rather than telling us the discomfiting truth, as the truth might prompt us to turn AI off. Small business owner and San Francisco correspondent ‘Sparx Eightthreetwo’ (found on facebook under the same name) has a metaphor of the sea and boats that illuminates some of the key dynamics in the AI era. Here is Sparx’s description of the metaphor: “Overall, I would suggest that every business is akin to a sailing vessel (microeconomics) in an ocean…

[ad_1] In May of this year, a federal judge ruled that Cook County, Illinois, is liable for constitutional violations when it seized people’s homes over property tax debts and left them with nothing. That scheme—sometimes referred to as home equity theft—sounds nightmarish. The reality is harsher, however, when you consider the U.S. Supreme Court unanimously ruled the practice unconstitutional nearly three years before this recent ruling. Illinois Gov. J.B. Pritzker last week signed a bill into law that finally brings the state into the present. The legislation promises homeowners will receive the surplus proceeds when the government takes their home…

[ad_1] Top officials said that the Iranian military would have a “decisive” response to US strikes. The ceasefire between the US and Iran broke down last week, and fighting has rapidly escalated.  Iran’s top negotiator, Mohammed Bagher Ghalibaf, explained that the military now has “complete freedom of action.” He added that Tehran is planning “a decisive response… at the appropriate time.” The IRGC said it was planning a “crushing response.” The ceasefire established by the Memorandum of Understanding broke down last week. The US violated the MOU by attempting to establish a new shipping lane through the Strait of Hormuz. …

[ad_1] This primetime address promises to be a presidential clip show, stitching together something not fully satisfying out of old material. [ad_2] Source link

[ad_1] It’s hilarious that snot-nosed socialist svengali Morris Katz, the Mamdani whisperer, is reportedly trash-talking Alexandria Ocasio-Cortez’s chances as the Democrat presidential candidate for 2028…. [ad_2] Source link