Author: nick

[ad_1] On the topic of marking to market… I’ve talked about the private equity and in particular private credit bubble, and how multiple PE funds have gated investors. Now we see the dolts running Harvard’s money are neck deep in this garbage. Not surprised, really. The liquidity trap the poor suckers at Harvard (spineless pointy shoes) are facing is ultimately a forced mark-to-market event in slow motion. Private equity funds have been able to paper over deteriorating portfolio valuations because the exit environment has been essentially closed. No IPOs, no strategics buying at 2021 multiples, no secondaries at par. As…

[ad_1] The Tuesday Grail news briefs are here to give you a second wind… Archaeologists just found the earliest known named scientist in the ancient Americas. “Witch’s Grave” excavation sheds new light on neolithic monument. If we could travel to the stars, where should we go first? AI detects hidden warning signs before major earthquakes. The Dead Sea Scrolls are giving up their secrets – except for a single copper treasure map. China announces plan to build early-warning system for dangerous asteroids. Rare coin from Norway’s last Viking king mistaken for old button. American pilots were tracking Soviet weapons development…

[ad_1] School Choice for Me, But Not for Thee [ad_2] Source link

[ad_1] Beijing’s supply chain dominance threatens American national sovereignty. [ad_2] Source link

[ad_1] Photograph Source: Margo Martin – Public Domain “Every minute he gets bolderNow he’s leaning on my shoulder” — “Ma, He’s Making Eyes at Me” “I just kiss them. I don’t even wait. And when you’re a star, they let you do it. You can do anything.” — Donald J. Trump Trump does not live in the real world. His is a delusional, alternate universe, built on a matrix of lies, pieced together from AI-generated slop. It is a world in which Trump is a six-foot-three, 238-pound stable genius who has never had a scalp reduction, and where the word “weave” refers…

[ad_1] In a special America 250 issue, Reason takes a look back at our country’s founding people and ideas. Read more here. Joanna Andreasson “For upwards of two years from the commencement of the American War, and to a longer period in several of the American States, there were no established forms of government,” Tom Paine declared in The Rights of Man. “The old governments had been abolished, and the country was too much occupied in defence to employ its attention in establishing new governments; yet during this interval order and harmony were preserved as inviolate as in any country in…

[ad_1] Image Source: John Karl Hillers – Beinecke Rare Book and Manuscript Library – Public Domain Imagine a public event 50 years from now in Kyiv. The convener speaks to the assembled crowd. “Before we begin,” she says, “I just want to say that we acknowledge that we are standing on and benefiting from land that has been seized, expropriated, and stolen from the Ukrainian people. For thousands of years, this has been Ukrainian land. This is still the homeland of the Ukrainians. Their descendants are still living here among us.” That’s what will happen if Russian leader Vladimir Putin…

[ad_1] Photograph Source: U.S. Navy photo by Mass Communication Specialist 3rd Class Dylan Lavin – Public Domain June 24 marked the start of the biennial Rim of the Pacific (RIMPAC) exercises, the world’s largest international naval war games. Led by the U.S., the military exercises bring together 31 countries and include more than 25,000 personnel, 40 surface ships, 5 submarines, and 140 aircraft. The event, which will run until July 31, marks the newest escalation of U.S. preparations for war on China, further militarizing the Pacific and normalizing the prospect of conflict through increasingly large-scale exercises and an ever-expanding web…

[ad_1] A jury in Wales convicted Detective Inspector Emma Gardner of the North Wales Police of unauthorized access to computer material, for illegally accessing confidential police computer records to look up information for her friends. Prosecutors said Gardner searched police databases without a legitimate law enforcement reason for information on one man and three women, which she then shared with them. “I have my uses,” she told the man in question. The post Brickbat: Making Myself Useful appeared first on Reason.com. [ad_2] Source link

[ad_1] Image by Valeriia Miller. Much of the time, it seems as if the war machine runs on autopilot. Indeed, the United States has been engaged in warfare for almost the entirety of our 250-year history. It feels overwhelming to most people to attempt to intervene, yet we are all involved, as our tax dollars feed endless wars, interventions, and weapons transfers fueling violent conflict around the world, (and at home, as evidenced by the murders of US citizens by ICE). So, intervene we must, if we want our government to pursue more productive, life-affirming policies and priorities. This week,…