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Qualm Before the Storm

2026-03-25 02:06:16

Parents being confronted with perplexing questions from their kids is nothing new. But today’s parents of college or so aged children are faced with a doozy when it comes to giving advice about entering the rapidly changing job market. Career paths that were recently considered the safest route forward have suddenly turned a corner and are now heading straight into the oncoming headlights of the AI convoy. When my kids bring up the topic, I suggest that getting career advice from a guy who writes a newsletter with no revenue model might not be the wisest idea. “Maybe you should ask Claude.” Making matters even worse (which is the defining characteristic of 2026), today’s job market is terrible for recent college graduates, and that has almost nothing to do with new technology. “Although AI may be replacing some entry-level jobs on the margins, there is little evidence it is the main culprit — at least not yet. Rather, many economists believe employment challenges for young people with college degrees stem more from the ‘low hire, low fire’ dynamics in the labor market.” NYT (Gift Article): Young Graduates Face the Grimmest Job Market in Years.

+ Aside from becoming a billionaire (they seem to be doing great these days, so why not?), is there a safe spot in the job market of the near future? WSJ (Gift Article): Why Healthcare Is Doing the Heavy Lifting in This Job Market. “Forget the AI hype and the data-center boom. What’s keeping the jobs market afloat these days is Grandma and Grandpa ... Strip out the medical sector, and the rest of the American economy is actually losing jobs.”

2

Derrick and the Dominos

And I said, “Hey kid, you think that’s oil? Man, that ain’t oil, that’s blood.” Bruce Springsteen, Lost in the Flood.

As “the founding director of the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs and a co-founding dean of the Columbia Climate School” (and a very serious Bruce Springsteen fan), there are few people who understand the global energy market better than Jason Bordoff. Thankfully, Jason also excels at explaining energy issues in clear terms that the rest of us can understand. Since energy, particularly the oil that used to travel through the Strait of Hormuz, is now at the core of the Iran war, it’s a good time to catch up on what’s happening and what’s at stake. Ezra Klein interviewed Jason Bordoff earlier this week on his podcast. NYT(Gift Article): What Happens if 20 Percent of the World’s Oil Disappears? “The Gulf — the Middle East — we all know, since the 1970s, is a huge energy producer: Iraq, Saudi Arabia, the United Arab Emirates, Iran, of course. All of that oil, most of it, flows by tanker through this very narrow strait that juts like a little triangle around a corner, and it’s right where Iran is. So it doesn’t take that much with some drones or explosives in a dinghy boat racing out to a tanker ... You’re talking about a disruption of about 10 million barrels of oil, maybe a little bit more — so more than 10 percent of global supply. During the Arab oil embargo in 1973, in contrast, you saw about 6 or 7 percent of world supply disrupted. So this is by far the largest energy supply disruption we have ever seen.” (You’ll have to read or listen to the end for the Springsteen-related tips...)

+ For most of the world, the oil and energy wars are creating chaos, concern, and higher prices. For some people, the massive price swings, often driven by presidential tweets, present quite the opportunity. “Traders bet hundreds of millions of dollars on oil contracts just minutes before US President Donald Trump announced on Monday that the US would postpone strikes against Iranian energy infrastructure. Market data reviewed by the BBC shows the volume of trade spiked around fifteen minutes before a social media post by the president announcing the move.”

+ “Trump’s sudden climb-down was startling. Who could have seen this coming? The answer is, the person or people who bought large quantities of stock market futures and sold large quantities of oil futures around 15 minutes before Trump’s announcement.” Paul Krugman: Treason in the Futures Markets.

+ How will the market respond to the instability and madness spreading from the Oval Office across the globe? You’d think it would be concerned. But, as I explained yesterday, it’s a Bull---- Market.

3

All Bets Are On

“Senators Adam Schiff (D-CA) and John Curtis (R-UT) introduced a bill on Monday that could prevent prediction market platforms Kalshi and Polymarket from allowing users to wager money on sports events or play casino-style games.” Don Jr. has financial relationships with both leading prediction markets, so it’s unlikely that we’ll see them reined in anytime soon. Meanwhile, while people love sports betting, they’re quickly getting used to betting on everything. David Wallace-Wells on The Casino That’s Eating the World. “’The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion,’ Tarek Mansour, the chief executive of another major prediction market, Kalshi, declared in November. But who wants this future, besides perhaps inveterate gamblers and those people who profit off them?” (Bingo. And I mean Bingo as in that’s exactly right, not Bingo the casino game...)

4

Stuck in the Middle

Like many middle powers that used to be able to depend on the United States, Canada finds itself looking to establish its place in the new world order. There will be political challenges. There will also be challenges from Mother Nature. NYT (Gift Article): In Canada’s Frozen North, With Canada’s Frozen Soldiers. “Canada’s military ambitions in the Arctic hinged on a frozen door that wouldn’t open ... ‘It’s frozen,’ said an air force detachment commander, ‘frozen shut.’ That left the force’s Chinook helicopter out in the cold. As Canada’s armed forces launched their biggest-ever Arctic exercise, soldiers blasted mobile heaters in an effort to open the hangar door and haul in the Chinook, which had been grounded by a mechanical problem and the extreme temperatures.” (It might be faster just to wait for climate change to open the door...)

5

Extra, Extra

Prince Charming King? “In a series of conversations over the last week, Prince Mohammed has conveyed to Mr. Trump that he must press toward the destruction of Iran’s hard-line government, the people familiar with the conversations said. Prince Mohammed, the people familiar with the discussions said, has argued that Iran poses a long-term threat to the Gulf that can only be eliminated by getting rid of the government.” NYT (Gift Article): Saudi Leader Is Said to Push Trump to Continue Iran War in Recent Calls. Meanwhile, “Pakistan’s military leadership has been attempting to broker negotiations between the US and Iran, after the White House confirmed that Pakistan’s army chief, Asim Munir, had a call with Donald Trump on Sunday to discuss the conflict.” JD Vance is being floated as a lead negotiator. Here’s the latest from The Guardian.

+ Mullin Mulled Over: Markwayne Mullin confirmed as the next secretary of Homeland Security. (On the plus side, he’s almost certain not to be the worst person ever to hold that job.)

+ Moonstruck: “NASA plans to invest $20 billion over the next seven years to develop a base on the surface of the moon, the latest major strategy shakeup aimed at enabling humans to live on the lunar surface long-term.” (That sounds like too much money to spend, unless we all get to decide who to send there first.)

+ Cheet Sheet: Can an entire political movement be summed up in one headline? Probably not, but we can try. Trump, Who Calls Mail-in Voting ‘Cheating,’ Just Voted by Mail.

+ Betrayed: “Mohammad Nazeer Paktiawal, 41, who was known to his family and friends as Nazeer, served alongside U.S. Army Special Forces in Paktika province – one of the most dangerous in Afghanistan – starting in 2005 ... He and his family were evacuated when the pro-U.S. government in Kabul fell to the Taliban in 2021.” How an Afghan man who aided U.S. military forces died in ICE custody in Texas. And from Pro Publica: Trump Has Detained the Parents of More Than 11,000 U.S. Citizen Kids. (Feel safer?)

+ Foul Wind: “French energy company TotalEnergies has agreed to abandon two Atlantic offshore wind projects after the Trump administration offered to buy out its federal leases for close to $1 billion, with the money to be redirected into fossil fuel development.”

+ Cold Reception: “Americans have learned to live with ads on smartphones and other devices as a necessary trade-off of connectivity. They’ve also gotten used to growing intrusions in the physical world, where everything from bathroom stalls to taxicab seats have become fair game for marketers. But the kitchen remained largely off-limits.” Until now. Ads Are Popping Up on the Fridge and It Isn’t Going Over Well.

6

Bottom of the News

“A Maryland man who made history as the first quadruple amputee to compete in the professional, televised American Cornhole League has been arrested on suspicion of shooting and killing a passenger in his car during an argument.”

The Bull---- Market

2026-03-24 03:17:46

It’s too bad the March Madness moniker is already taken, because there aren’t a lot of better ways to describe the latest mad-making weekend in geopolitics. In a social media post, Trump gave Iran a 48-hour ultimatum to open the Strait of Hormuz or he’d start bombing power plants. Iran issued counter-threats about hitting other power and desalination plants in the region. By Monday morning, Trump had backed off his original ultimatum, saying that the highly inexperienced and highly conflicted team of Kushner and Witkoff had some productive talks with Iranian leadership. Iran went so far, we’re told, as to agree not to have a nuclear weapon. The Iranian side insists that no such talks took place, and given Trump’s track record with honesty (including when it comes to this war), it’s hard to imagine he’s the one telling the truth (even when being measured against what’s left of one of the world’s most awful and perennially mendacious regimes). To summarize, an unstable leader leading an optional war made threats via social media and then rescinded them based on what appears to be imaginary talks and then lied about the whole thing, leaving our strategy unclear, our goals still a mystery, and a key energy route still closed. And the market responded to this mind-boggling instability (and what looks a lot like its own manipulation) by ... soaring. Yes, the same market we’ve long depended on to be an unemotional measure of corporate health and future earnings, dependent on stable leadership and the rule of law, seems to be going as insane as the rest of us. We’re talking crazy money, here. Before we follow the money, shouldn’t we consider who the money is following? It’s not like investors aren’t aware that the person whose words are dramatically moving the market is known for constant lying. But they’re still buying his BS. Trump has given new meaning to the phrase, bull market. Don’t get me wrong. My portfolio is as relieved as yours. But it sure seems like the market is in denial about what’s going on in American politics. Or maybe, like the rest of us, the market was happily distracted while tracking college basketball brackets over the weekend — at least there, we’re supposed to have madness.

2

It’s Not the Size, It’s the Technique

One thing we’ve learned in Ukraine and the Gulf is that war is being transformed by cheap drones, big data, and AI. In this video, Fareed Zakaria examines Iran’s military response to US, Israeli airstrikes and says that it represents a new military architecture that is challenging the old model of military supremacy. “What used to require great industrial nations capacity can increasingly be assembled, adapted and scaled by much smaller states. The economics of war are being turned upside down.” In some ways, this trend levels the military playing field

+ Technology is completely changing war, often in unimagined ways. Consider Iran’s surveillance society. The regime installed cameras to track its own citizens. Those cameras were hacked to help provide accurate locations on targets, including Ayatollah Ali Khamenei. Iran built a vast camera network to control dissent. Israel turned it into a targeting tool.

3

Not Going Anywhere For a While

“Security lines stretched for hours on Monday at US airports where unpaid Transportation Safety Administration screening agents refused to report for duty.” So far, Trump has rejected proposed deals to fund parts of DHS to create an off-ramp for the nightmare delays taking place at many airports. The solution so far: Send ICE into airports. (Untrained ICE officers vs Irate Travelers. What could go wrong?)

+ “Two pilots were killed and dozens were injured Sunday night after an arriving plane collided with a fire truck on a runway at New York’s LaGuardia Airport.”

+ The Atlantic (Gift Article): Fatal crashes, overstressed controllers, and endless security lines reveal a system teetering on the brink of failure. (I’m guessing anyone reading this in an endless airport security line thinks we’ve passed the teetering stage.)

4

Paper and Fire

“The body lay slumped on the jail floor, curled around a metal toilet. Investigators found no evidence of homicide, just a few scraps of rolled-up paper, singed and scattered on the floor like scorched confetti. For months, inmates had been falling ill at the Cook County jail in Chicago. Officials said they had heard rumors that extremely toxic drugs were infiltrating the facility, delivered on something so ordinary that it seemed impossible to stop ... The paper itself must be the culprit — and it was deadly.” NYT (Gift Article): No Pills or Needles, Just Paper: How Deadly Drugs Are Changing. And what’s happening in jails is likely coming to a street corner near you. “The unbridled rise of synthetic drugs is as profound for the illicit drug market as the television was for the radio, or the computer for the typewriter, scientists say, and it is confounding law enforcement officials the world over. ‘This is the modern drug epidemic: It’s like nothing that’s happened in the world before — anywhere.’”

5

Extra, Extra

Things Are Going Bad, Stat: “I’m an E.R. doc, so I handle stress pretty well. But this was like being in a mass disaster nonstop for eight months.” ... “I don’t think it is well understood that we’re not going to see the outcomes of all of this until Trump is long gone.” NYT (Gift Article) talked to 43 current and former CDC employees. The prognosis is not good. Inside the Turmoil at Robert F. Kennedy Jr.’s C.D.C.

+ Robert Mueller: “Good, I’m Glad He’s Dead.” Disgustingly (but unsurprisingly), that’s how Trump responded to the death of Robert Mueller. From Garrett Graff: Remembering Robert Mueller. “Robert Mueller, the quintessential G-Man, a patriot and Purple Heart recipient who spent a half-century serving the country and pursuing the highest traditions of the Justice Department across six presidential administrations, repeatedly answering the nation’s call — from Vietnam to the halls of the J. Edgar Hoover building and the halls of Main Justice — until in his final chapter of public service he was betrayed by a former colleague and the Republican Party he’d spent a lifetime supporting, died Friday.”

+ Mail Pattern Boldness: “The Supreme Court’s conservative majority on Monday sounded skeptical of state laws that allow the counting of late-arriving mail ballots, a persistent target of President Donald Trump.” (Most of us are ready to mail in our ballots right now.)

+ Trouble in Paradise: “Over the weekend, heavy rains fell on soil already saturated by downpours from a winter storm a week ago, forcing thousands on the North Shore of Oahu to evacuate before more evacuations for parts of the island of Maui.” Hawaii assesses damage left by worst flooding in more than 20 years.

+ Havana Hunch: “Trump’s campaign to topple foreign adversaries encounters a battered but defiant regime.” No, we’re not talking about Iran. (Or Greenland.) Jon Lee Anderson in The New Yorker: Is Cuba Next?

+ Going Postal: “In dozens of thinly populated regions across the country, Amazon is building new delivery hubs to deliver packages in around two days. That might not seem especially rapid at a time when the e-commerce giant is introducing one-hour delivery in some areas, but residents of some far-flung Montana hamlets were used to waiting up to a week for their orders. The effort helps Amazon reduce its reliance on the U.S. Postal Service, a relationship that has become rocky following a dispute over contract terms.” WSJ (Gift Article): How Amazon Is Bringing Fast Delivery to Rural America.

+ Fan Base: “A Northwestern University graduate with a degree in economics, Radvinsky helped transform online p-rnography from an industry based mostly on bulk delivery of advertising-supported X-rated videos to something like an adult-themed hybrid of the gig economy and social media.” OnlyFans Owner Leo Radvinsky Dies at 43.

6

Bottom of the News

“Senior living resident Anita LeBrun wants to ‘cheers’ her friends with something stronger than grape juice. LeBrun is going viral for her testimony at a Minnesota House of Representatives committee meeting, where legislators considered the so-called ‘Grandparents’ Happy Hour’ bill that would allow group homes to serve alcohol to their residents and guests.”

+ “No twerking! You will be charged with disorderly conduct!” Cops ban over-the-top twerking at legendary Florida party beach. (Can a Footloose sequel be far behind?)

Is That An F-22 Raptor in Your Pocket?

2026-03-21 03:12:55

I only read the internet for the articles. But apparently, there is a pent-up demand for images. Especially certain type of images. As you may know, Google Images was essentially created by Jennifer Lopez’s Versace dress. Of course, the quest for alluring images predates the internet (by a lot), and these images have been used to market everything from cigarettes to burgers to cars since the earliest days of advertising, starting with the Pearl Tobacco brand featuring a naked maiden on the package cover in 1871. (Back then, people needed a post coital smoke after just looking at the package.) Now, similar images are being used to market militaristic patriotism, war, and other political movements. “The beautiful Army blonde Jessica Foster has posed with an F-22 Raptor fighter jet, donned camouflage in the desert and walked a tarmac with President Donald Trump on the first day of the strikes on Iran. The slew of photos and videos depicting the patriotic life of the MAGA dream girl have led her Instagram account to explode, gaining more than a million followers since she began posting four months ago.” Only this latest form of sexualized marketing has a new twist (and pull). Jessica Foster is not even as real as Jessica Rabbit. She’s AI. And she’s part of an increasingly common trend. “Foster’s viral takeoff highlights an increasingly prevalent strategy for winning online attention. A slew of right-wing accounts, peddling patriotism mixed with soft-core pornography, use fake women and convincing imagery to grab viewers across a distracted internet, monetize their interest and score political points.” WaPo(Gift Article): Thousands have swooned over this MAGA dream girl. She’s made with AI. (Alt link). “A viral fake of an Army service member spotlights a new trend in online attention harvesting: part patriotism, part p-rn and 100 percent computer-made.” In fairness, the naked maiden featured on Pearl Tabacco packaging also wasn’t a real person. But back then, people knew that.

+ Google Search is now using AI to replace headlines with rewritten titles. (It might drive more clicks if they replace headlines with Jessica Foster...)

2

Friends, Romans, Cowards

With more troops headed for the Gulf, the latest chapter in the art of how to win friends and influence people has been published on social media by Donald Trump. “Without the U.S.A., NATO IS A PAPER TIGER! They didn’t want to join the fight to stop a Nuclear Powered Iran. Now that fight is Militarily WON, with very little danger for them, they complain about the high oil prices they are forced to pay, but don’t want to help open the Strait of Hormuz, a simple military maneuver that is the single reason for the high oil prices. So easy for them to do, with so little risk. COWARDS, and we will REMEMBER!” (Yikes, what did our allies do, use bonespurs to get out of fighting?) Remember when all the hysterical libs with Trump derangement syndrome warned that one day he’d get us into a global war and run it from his social media account? Well, I guess they learned their lesson...

+ David Ignatius wrote this before the latest NATO bashing. “Unwinding this conflict will be much harder than starting it was. Declaring ‘victory’ and walking away would leave the region in dangerous disarray. To truly end the crisis, Trump will have to reopen the Strait of Hormuz and put limits on Iran’s ragged new leadership. He can achieve these goals through coercion, or diplomacy, or a combination of the two. But he must choose a strategy and implement it. Trump will compound the damage if he takes out his frustration over Iran by bashing Europe for its refusal to provide military aid. Attacking Iran was defensible; wrecking NATO isn’t.” The Iran War Is Metastasizing. Trump Needs an Endgame.

+ “I’ve been ambivalent about this war against Iran — to say the least. While nothing would improve the Middle East more than a decent government taking power in Tehran, I seriously doubt that simply pulverizing Iran from the air can generate that change.” Tom Friedman in the NYT (Gift Article): Once and for All Means Never.

+ On the war’s other front: Fears of an all-out Israeli invasion mount in Lebanon.

+ “A civilian in Tehran chronicles a country trapped between bombardment and repression—too terrorized to move, let alone start an uprising.” The New Yorker: What the War Has Done to Iranians.

3

The Slides of March

A friend of mine ran an experiment this week by creating 200 different March Madness brackets. By the end of the first day of games, only one of them made it through unscathed. In other words, he beat the odds. Only 0.1% of NCAA tournament brackets are still perfect after High Point stuns Wisconsin, VCU’s win over North Carolina.

4

Weekend Whats

What to Watch: HBO describes DTF St Louis, starring Jason Bateman, David Harbour, and Linda Cardellini, as a darkly comedic series, in which a love triangle between three adults experiencing middle-age malaise leads to one of them ending up dead. But this Steven Conrad creation is even weirder (and better) than that. Grab a Watermelon Breeze smoothie and enjoy the first few episodes. If you dig the show and need more from Steven Conrad in between episode releases, check out his prior (and even weirder) series Patriot on Prime.

+ What to Read: “Some stories take on a life of their own because they show how things really are. Others spread because they tell us what we already believe. And sometimes a story that’s too good to be true is just that. But a good story is a hard thing to kill.” McKay Coppins in The Atlantic (Gift Article): The Incredible Story of the Cartel Olympics. “A Mexican athlete said he was kidnapped and forced to compete for his life in a tournament of gangs. But was he actually playing a different game?”

+ What to Comedy: Robby Hoffman’s Netflix special Wake Up(directed by John Mulaney) is well worth a watch. And if you missed last week’s pick, don’t. Chris Fleming Live at the Palaceon HBO is one of the best and most unique stand-up shows I’ve seen in a long time.

5

Extra, Extra

The Next Excursion? “The Russian-flagged Anatoly Kolodkin is some 3,000 nautical miles from Cuba in the Atlantic Ocean and is expected to reach the island in 10 days ... If so, that would mark the first time any oil shipment from any country reaches Cuba in the past three months given a U.S. energy blockade.” Cuba readies for first Russian oil shipment of the year as energy crisis deepens.

+ Take My Wife, Please: “Paolo Zampolli, a former modeling agent turned presidential special envoy, had learned that his Brazilian ex-girlfriend was in a Miami jail, arrested on charges of fraud at her workplace. They had been in a custody battle over their teenage son. Now he saw an opportunity.” Trump Friend Asked ICE to Detain the Mother of His Child.

+ Getting Into Harvard, Again: “ The Justice Department filed a new lawsuit Friday against Harvard University, saying its leadership failed to address antisemitism on campus, creating grounds for the government to freeze existing grants and seek repayment for grants already paid.” (Reminder: “Jew hatred is real, but today’s anti-antisemitism isn’t a legitimate effort to fight it. It’s a cover for a wide range of agendas that have nothing to do with the welfare of Jewish people.” Trump Is Selling Jews a Dangerous Lie.)

+ Today in Dictator: Kim Jong Un sits on a tank with his daughter at a military exercise. And Trump’s Handpicked Arts Commission Approves Gold Coin With His Face on It.

+ Bachelorette Tu? “Disney/ABC executives first saw the video of Taylor Frankie Paul’s February 2023 domestic violence incident the same time as you.” Why ABC Had to Scrap The Bachelorette. (They wouldn’t want to risk the diminishment of the otherwise stellar reputation of reality show stars...)

+ Teleport Hole: “Gregg Phillips, the head of FEMA’s Office of Response and Recovery, has a history of violent political rhetoric and claims of teleporting to a Waffle House that are now out in the open.” (Think about it. This isn’t nearly weird or terrible enough to top the news these days...)

+ It Was a Leg (and Arms) Day: “France says it’s taking ‘appropriate measures’ after a naval officer’s use of the Strava exercise app inadvertently enabled journalists to geolocate the aircraft carrier Charles de Gaulle that is in the Mediterranean to help protect French and allied assets and interests during the Iran war.”

6

Feel Good Friday

“The people of Minneapolis-St. Paul are being honored with a John F. Kennedy Profile in Courage Award for their response to the federal immigration enforcement operation this winter, the JFK Library Foundation announced Wednesday.” (Come on, Nobel Peace Prize committee, you know what to do!)

+ In Uganda, “Harerimana Ismail hasn’t had a paycheck since the beginning of last year. He’s kept working nonetheless.” He’s one reason why aid cuts weren’t as dire for the HIV population as predicted.

+ A baseball title unleashes the happiness Venezuelans kept bottled up for years. (Opening Day is about to do that for me...)

+ Strangers help 78-year-old DoorDash driver after viral doorbell video.

+ No passport, no problem. Meet the border-hopping cat who comes and goes as he pleases.

+ Possum found nestled in with plush toys at airport gift shop in Tasmania.

Loading...

2026-03-20 03:02:41

Click, click, click, click ... just one second ... click, click, click ... almost there. I’m trying to read an article to determine if it’s worth summarizing clearly and with a dose of pithy hilarity, but that’s not as easy as it used to be. I don’t mean the synthesizing, summarizing, and sharing. (Give me 16 ounces of coffee with a double-espresso depth charge, and I can still bring ChatGPT to its knees.) I mean the reading. It takes me more and more clicks to get through the overlays, ads, subscription boxes, and pop-ups just to read the lede. And that doesn’t even account for the time spent waiting for the scripts, cookies, and other trackers that are loaded onto my browser as soon as I land on a page—which sure feels like yet another punishment for agreeing to buy what the site is selling. It used to be that the customer was always right. When it comes to browsing news sites, the customer is always ripe. I’ve had better brand interactions with that Nigerian prince who used to email and ask for money.

Yes, as someone who obsessively reads a lot of articles across a lot of sites, it’s fair to say that I’m Patient Zero when it comes to this problem. But I’m hardly alone. A sad irony of this trend is that the more news sites struggle to get visitors, the more compelled they feel to suck every last drop of cash (and dignity) from those who make it through the commercialized maze. Another irony is that the worse the website reading experience gets, the more likely people are to settle for the AI summary version (the latest threat to a news industry already on life support). There are other ironies as well. It turns out irony is the last thing you can see on the internet without having to close seventeen boxes first. As my fellow old-school blogger John Gruber explains: “The web is the only medium the world has ever seen where its highest-profile decision makers are people who despise the medium and are trying to drive people away from it.” ‘Your Frustration Is the Product.’ “And the f-cking autoplay videos, jesus. You read two paragraphs and there’s a box that interrupts you. You read another two paragraphs and there’s another interruption. All the way until the end of the article. We’re visiting their website to read a f-cking article. If we wanted to watch videos, we’d be on YouTube. It’s like going to a restaurant, ordering a cheeseburger, and they send a marching band to your table to play trumpets right in your ear and squirt you with a water pistol while trying to sell you towels.’”

+ Shubham Bose: The 49MB Web Page. “I went to the New York Times to glimpse at four headlines and was greeted with 422 network requests and 49 megabytes of data ... To truly wrap your head around the phenomenon of a 49 MB web page, let’s quickly travel back a few decades. With this page load, you would be leaping ahead of the size of Windows 95 (28 floppy disks). The OS that ran the world fits perfectly inside a single modern page load.”

2

What the Buck?

“The only person who can determine what is and is not an imminent threat is the president.” That was Director of National Intelligence Tulsi Gabbard trying to answer Jon Ossoff’s questions about how much of a threat the intel community thought Iran posed before the airstrikes started. Gabbard was trying not to publicly disagree with the statements made by her boss (which isn’t easy since so many of those statements contradict one another). But that doesn’t make her statement any less disturbing.

+ So, according to our Director of National Intelligence, the buck stops with Trump. Does he agree? Not exactly. Israel says US helped coordinate gasfield attack, despite Trump’s claim he knew nothing about it. (Either he’s not in charge, or he’s lying. Both are bad options in these serious times.)

+ Energy producing sites are being hit across the region and markets are rattled. Meanwhile, “when asked in the Oval Office about using ground troops in Iran, Mr. Trump said: ‘I’m not putting troops anywhere. If I did, I wouldn’t tell you.’ Trump also made a Pearl Harbor joke during a meeting with Japan’s prime minister. (No, I’m not joking.) Here’s more from the NYT.

+ Fear, defiance, and anger: Iranians describe life under bombardment. Right now, they’re stuck between bombing and a repressive and violent regime. Does America owe the Iranian people freedom from both when this is over? “When Trump thought protesters might triumph, he made them extravagant promises. After it became clear that they weren’t going to quickly overthrow the mullahs, he treated them as disposable allies.” Franklin Foer in The Atlantic (Gift Article): Trump Is Betraying Iran’s Pro-Democracy Protesters.

+ Pete Hegseth during his latest press conference: “May almighty God continue to bless our troops in this fight. To the American people, please pray for them every day on bended knee with your family, in your schools, in your churches, in the name of Jesus Christ.” (Well, someone just got himself removed from my Seder invitation list.)

3

Shop Til You Drop (And Give Me 20)

As more products are being delivered, what will get people to the mall? Put on your yoga pants and find out... “When Americans are out shopping these days, they are more likely to be buying Botox or boxing lessons than shoes or shampoo. Retail leasing by service-oriented tenants outpaced goods-based retail leasing for the first time ever, a reversal driven in large part by a proliferation of salons, spas and fitness studios.” WSJ (Gift Article): America Now Has More Spas and Gyms Than Stores Selling Actual Stuff.

4

Everyone is Playing Ball

The big sports leagues made deals with the sports betting sites. So it’s not a big surprise that they’re making deals with the prediction markets that have become sports betting sites. MLB reaches agreements with Polymarket. Commissioner Rob Manfred: “I hope that it goes without saying that our primary concern, always first in our minds, is protecting the integrity of the game.” (And nothing protects the integrity of the game quite like doing deals with gambling sites.)

+ I know, I know. I’m a killjoy and we should just all enjoy our March Madness brackets. But I’m extremely concerned about these betting trends. He got hooked on betting at age 11. By college he gambled 15 hours a day. “When Malek decided to share his story, he initially focused on high schoolers — but he’s now increasingly booked for middle schools.”

+ I hit on this trend (and shared one of the better articles on the topic) last week. Talking ‘Bout My Degeneration.

5

Extra, Extra

Where Credit is Due: Between oil prices, regional wars, and AI bubbles, you have enough to worry about when it comes to your portfolio. But here’s one more thing. It’s called ‘private credit’ — and it could lead to big trouble on Wall Street. “When private-equity firms and other companies that aren’t banks lend money to businesses, such as software companies and auto lenders. Banks often are more reluctant to lend directly to these businesses, which they see as riskier bets — but they’re still exposed to them, because banks do lend to private credit firms.” And the private equity market has been looking shaky lately.

+ That’s the Ticket: “In office, Mr. Trump signed an executive order to crack down on price gouging by ticket resellers and looked on as Kid Rock said that Ticketmaster, Live Nation’s selling platform, was ‘going to lose some money.’ Most important, the Trump Justice Department pushed ahead with a landmark antitrust lawsuit against Live Nation that was filed in 2024 by the Biden administration and ultimately joined by 39 states and the District of Columbia. Which is why it came as such a shock last week when, just a week after the case went to trial, the Justice Department announced it was all but surrendering.” (At this point, it was hardly a shock.) The Trump Administration Just Gave Live Nation the Gift of a Lifetime. What he promises has an inverse relation to what he does. Trump Vowed to Crack Down on Fraudsters, but He’s Pardoned Dozens.

+ Not Weighting Around: “Just about 10 weeks after it was approved by the US Food and Drug Administration, the Wegovy pill is now estimated to be part of the daily regimen of about 400,000 Americans. And the field of weight-loss treatment is on the verge of even more head-spinning change.” Weight-loss treatment is on the verge of a dramatic shift – again. (These drugs are so effective and getting so cheap that pharma companies are having a hard time keeping placebo patients around. Obesity drug tests upended by placebo patients leaving early.)

+ Nostrildamus: “That vote included a ‘no’ from the Republican chairman, Sen. Rand Paul of Kentucky, and a ‘yes’ from a Democrat, Sen. John Fetterman of Pennsylvania.” Mullin’s DHS nomination advances to full Senate. (He’ll get confirmed. And we’ll never know where he smelled war.)

+ Nordic Pick: “If happiness were an Olympic event, the Nordic countries would be guaranteed a spot on the podium. Actually, all three spots on the podium. According to the latest edition of the World Happiness Report, the three happiest countries in the world are Finland, Iceland and Denmark.” (I don’t want to give a certain someone any ideas, but we could sure up our own national happiness average if we made them states 51 through 53.) “Finnish President Alexander Stubb reacted Thursday to his country being in first place again, saying: ‘I do not think there is a magic potion, but it helps to have a society which strives towards freedom, equality and justice.’” (Oh forget it. It doesn’t sound like a good cultural fit...)

6

Bottom of the News

We’re learning that cockroaches develop long-term relationships. And those relationships flourish in part because the two cockroaches have each other’s backs. Literally. These roaches form exclusive long-term relationships after eating each other’s wings. (And I thought a hickey was overkill...)

The Facts of the Case

2026-03-19 03:52:38

“I remember literally running into my husband’s office and saying, ‘Come look at this email, I think I’m being punked.’” That was how UC Irvine criminology professor Charis E. Kubrin reacted after learning that she had been nominated for the Stockholm Prize, the highest honor in her field. And you can’t really blame her. For years, she has been punked, doubted, dismissed, and attacked over her research. Why? Because it’s research that flies in the face of what most Americans believe — their certainty based on longstanding, preconceived notions, bolstered nonstop by the assurances of one of the world’s most prolific liars, combined with what’s become America’s unofficial favorite pastime: Doing your own research. Research and science being doubted and flouted is hardly unique in today’s America, but in Kubrin’s case, her findings strike at the heart of a political movement and at the core of a set of policies that are reshaping America’s streets (and values). “Kubrin was being recognized for rigorous research that demonstrated in place after place, decade after decade, that immigration to the U.S. does not cause crime to go up; it may even push it down.” When Kubrin won her award, Anne Ramberg, who chairs the Stockholm Prize in Criminology Foundation, explained: “When policymaking becomes driven by populism rather than by evidence, society as a whole stands to suffer.” In other words, Don’t Study Crime, If You Won’t Take the Time. A UC professor won criminology’s highest honor. Americans still don’t believe her research (Alt link). “The distance between what is empirically known and what is deeply believed has tormented scholars since before Galileo. But the schism has rarely felt so impassable in American culture.” (Even today, I’m sure there are plenty of Americans who don’t believe that the earth orbits the sun. They think it orbits Donald Trump.)

2

Friendly Fire

“Donald Trump does not think strategically. Nor does he think historically, geographically, or even rationally. He does not connect actions he takes on one day to events that occur weeks later. He does not think about how his behavior in one place will change the behavior of other people in other places. He does not consider the wider implications of his decisions. He does not take responsibility when these decisions go wrong. Instead, he acts on whim and impulse, and when he changes his mind—when he feels new whims and new impulses—he simply lies about whatever he said or did before.” Anne Applebaum has been right about Trump since the beginning and she sums him up pretty well in this lede. And, like it or not, that strategy has worked out for Trump over the years. But now he’s in a war he hasn’t been able to fully explain and asking for, then not asking for, then demanding, then saying he doesn’t need the assistance of allies that he has maligned, bullied, embarrassed, and disregarded for years. And, “this week, something broke. Maybe Trump does not understand the link between the past and the present, but other people do.” The Atlantic (Gift Article): Everyone but Trump Understands What He’s Done.

+ Unlike Trump, Bibi has been preparing for this moment for years, and has a defined strategy. Whether or not it will work (or whether or not Trump will remain on board with it) is another question. Netanyahu Hopes Strikes on Iran Will Lead to Uprising and Regime Change.

+ Netanyahu’s strategy is based in part on removing layer after layer of the leadership of the Iranian regime. (Iran’s intelligence minister, Esmaeil Khatib, was killed on Wednesday). Israel and the US have also been targeting Iran’s energy sites, threatening the regime, but also global energy supplies.

+ Russia has seen sanctions drop and oil sales surge. It’s a pretty nice reward for a country that’s been attacking a US ally for years and is currently aiding Iran in its fight against the US. WSJ (Gift Article): Russia Is Sharing Satellite Imagery and Drone Technology With Iran.

3

Chavez Ravine

“He locked the door, as he always did when he called her, and told her how lonely he had been. He brought her onto the yoga mat that he often used in his office for meditation, kissed her and pulled her pants down. ‘Don’t tell anyone,’ he told her afterward. ‘They’d get jealous.’ The man, Cesar Chavez, one of the most revered figures in the Latino civil rights movement, was 45. She was 13. Ms. Murguia said she was summoned for sexual encounters with him dozens of times over the next four years.” NYT (Gift Article) with a brutal report. Cesar Chavez, a Civil Rights Icon, Is Accused of Abusing Girls for Years.

4

But They Didn’t Inhale

Smoking rates recently dropped below 10% for the first time since we got into the habit. That’s among Americans. American humans, to be more precise. Cigarette use has actually increased among birds. “Darwin’s finches in the Galápagos, house finches in Mexico and song thrushes in New Zealand have all developed a curious habit: They put cigarette butts in their nests. Some songbirds in Britain are even nesting in outdoor ashtrays.” NYT(Gift Article): Why Some Birds Seem to Be Developing a Cigarette Habit. “Cigarette butts contain about 4,000 chemical compounds, including nicotine, arsenic, polycyclic aromatic hydrocarbons and heavy metals. These compounds could ward off pests that harm birds and their offspring.”

5

Extra, Extra

Unmanned v Unprepared? “With Operation Epic Fury well into its third week, there are two increasingly urgent questions: how long U.S. defense systems can continue to hold off such attacks — not just in Iraq, but throughout the Middle East — and whether the U.S. underestimated the threat of Iran’s drones in the first place.” (I actually doubt that the military underestimated Iran’s drone program. But I wonder if we’re all underestimating the extent to which cheap drones, AI, and other tech are altering the battlefield and eroding some of the advantages held by the world’s military powers.) Cheap drones are reshaping modern warfare — and catching the U.S. off guard. In Ukraine, they know the power of Iranian-made drones all too well. Ukraine strings nets over cities as killer drones turn streets into war zones.

+ Mark Wanes: “Senator Markwayne Mullin, President Trump’s often pugilistic pick to lead the department, struck a milder tone at his confirmation hearing on Wednesday.” Wow, I’ve never heard of nominees changing their tune during confirmation hearings. “Mullin apologized for his comments about the shooting of Alex Pretti. He declined, however, to apologize for his comments about the shooting of Renee Good, saying that the officer had to make a split-second decision.” Here’s the latest from NYT.

+ Opposite World, Continued: Trump’s tariffs are hurting American manufacturers instead of helping them. And, Trump Promised the ‘World’s Lowest’ Drug Prices. We Checked the Numbers. (It’s getting really hard to take this guy at his word.)

+ This May Be of Interest: Federal Reserve holds interest rates steady, keeps 1 cut in play this year as uncertainty mounts. (One more thing for the market to be unhappy about...)

+ Stomping Stamps: “If it continues business as usual, the U.S. Postal Service is on track to run out of cash for paying its workers and vendors in about a year and may have to stop deliveries.” This probably doesn’t help. Amazon reportedly plans to slash its USPS delivery volumes by at least two-thirds. (Why would Amazon need the USPS? At this point, it won’t be long before they build a distribution center in your driveway...)

+ All Is Not Well: “Attia also went on to become one of the most trusted wellness influencers, with 1 million YouTube subscribers, 1.6 million followers on Instagram and 100 million downloads of his podcast.” I’m always dubious of the phrase, trusted wellness influencer, but Attia was as big as it gets. And then, because of his Epstein connection, it all came crashing down. Bloomberg(Gift Article): The Rise and Fall of Peter Attia’s Longevity Empire. (Maybe he should have studied career longevity...)

+ If Not Now, Ven? “Venezuela reigns supreme, the U.S. once again fell short by a run, and the global vibes of the sport were on full display.” The Winners and Losers of the 2026 World Baseball Classic. “Much like 2023, the most lasting takeaway won’t be that the Americans lost, but that this tournament has become appointment viewing. For two weeks every three years, the sport sheds its leisurely pace and turns into a high-stakes and emotionally charged spectacle rivaled only by October in intensity.” (Even as a fan, I was nowhere near ready for this level of baseball in March.)

6

Bottom of the News

“If people were talking about the town and our policies, that would be one thing. But all they’re interested in is our names.” That must be frustrating. But in fairness, this is a local election between Hittler and Zielinski.

+ Texting a random stranger better for loneliness than talking to a chatbot. (Funny, I’ve been typing STOP to random strangers who send me texts for years, and I don’t feel less lonely...)

Working Both Sides of the Street

2026-03-18 02:04:37

Over the past few years, much of our political discourse has been focused on the roads that cross America’s Southern border, and the drugs those roads carry. But sometimes we forget the route between the US and Mexico is a two-way street. The traffic going the other way, the way we talk about less often, features a much more permeable border over which another dangerous payload is delivered at a relentless pace. And, in a twisted irony, the more the traffic coming up is slowed, the more the traffic going down speeds up. And you might be surprised by which country suffers the most from what crosses the border. The NYT(Gift Article) provides an in-depth roadmap toward understanding the delivery of the most American of exports. Inside the Supply Line Delivering American Guns to Mexican Cartels. “One smuggler said the border is so porous that cartel members sometimes tape gun parts and sometimes even entire firearms directly to their bodies and walk them into Mexico.”

2

Pushing a Fast One

Ai is reshaping our computing (and life) experience at a breathtaking pace. But quantum computing could make today’s advances seem like they’re coming in slow motion. And some experts say we’re only a few years away from this new reality. “When this point is reached, some problems that would take a traditional computer more than trillions of years to solve could take a quantum computer mere minutes, changing business as usual for industries involved with financial trading, shipping logistics, pharmaceuticals, scientific discovery, data encryption, insurance, internet delivery and more.” WSJ (Gift Article) with a good explainer to get you up to speed. How Quantum Computing Works.

+ Maybe no one has experienced the current computing advances more dramatically than the coders who helped create these new platforms. Actually, these days, they do less coding and more cajoling, ordering, and occasionally threatening. NYT (Gift Article): Coding After Coders: The End of Computer Programming as We Know It. “Many software developers these days berate their A.I. agents, plead with them, shout important commands in uppercase — or repeat the same command multiple times, like a hypnotist — and discover that the A.I. now seems to be slightly more obedient.”

3

Forced Retirement

It remains unclear whether Iran’s regime is losing its grip on the country. It’s much more clear that being a leader in that regime can be a dead-end job. “Ali Larijani, secretary of Iran’s Supreme National Security Council, and Gen. Gholam Reza Soleimani, the head of the Revolutionary Guard’s all-volunteer Basij force, were ‘eliminated last night,’ Israeli Defense Minister Israel Katz said. Larijani was considered one of the most powerful figures in the country since Supreme Leader Ayatollah Ali Khamenei was killed in an airstrike on the first day of the war.”

+ “Mr. Larijani, the head of the Supreme National Security Council of Iran, was the de facto leader of the country after U.S.-Israeli airstrikes killed the upper echelons of government and the military early in the war. He was known to be trusted by Ayatollah Ali Khamenei, the supreme leader who was killed at the start of the U.S.-Israeli campaign late last month. Mr. Larijani’s responsibilities had grown steadily over the past few months, including overseeing the brutal crackdown on antigovernment protesters in January.” But could the void his death leaves be filled by even more extreme hardliners? NYT(Gift Article): Israel’s Killing of Ali Larijani Could Allow Military to Tighten Grip on Iran.

+ Joe Kent, a Top U.S. Counterterrorism Official, Resigns Over the Iran War. Kent has a history of pushing conspiracy theories, has been a key advisor to Tulsi Gabbard, and is buds with Tucker Carlson. Still, his departure “bluntly exposes how the Iran war is expanding fissures in President Trump’s coalition.”

+ UK security adviser attended US-Iran talks and judged deal was within reach. “Powell’s presence at the talks, and his close knowledge of how they were progressing, was confirmed by three sources. One source said he was in the building at Oman’s ambassadorial residence in Cologny acting as an adviser, reflecting widespread concern about the US expertise on the talks represented by Donald Trump’s son-in-law Jared Kushner and Steve Witkoff, Trump’s special envoy on several issues.”

+ Jared Kushner Reportedly Seeks $5B From Middle East Governments for His Firm While Serving as Envoy. (He is charged with solving all the world’s most complex problems and he still has time to manage his investment fund. Now that’s multitasking.)

+ “The window for Donald Trump to end the Iran war by simply declaring victory and walking away is rapidly closing. Soon he will face a stark choice: He can take greater risks in pursuit of a decisive tactical success, prepare the country for a prolonged conflict that could last for many months, or seek a negotiated settlement that involves a real compromise with Tehran.” The Atlantic (Gift Article): The Disappearing Off-Ramp in Iran.

+ “President Donald Trump told reporters Monday that one of his predecessors told him he wished he had been the one to bomb Iran.” The only problem with that: He didn’t speak to any of the four former presidents.

4

When Lightning Crashes

“A defibrillator delivers up to 1,000 volts to a patient’s heart; inmates executed by electric chair typically receive about 2,000. A typical lightning strike, by contrast, transmits 100 million volts or more.” The Atlantic (Gift Article): What 100 Million Volts Do to the Body and Mind. “The most fundamental consequences of being struck by lightning are often metaphysical, and not easily communicable. How does falling victim to one of the most notoriously unlikely of all misfortunes reorient your sense of chance, of fate? How does it feel, when you’re trying to describe the most transformative experience of your life, to be met, routinely, with disbelief?”

5

Extra, Extra

Ballot Box Out: “Legislation that would require proof of U.S. citizenship for new voters has become a rallying cry for President Donald Trump, who claims that passage of the bill will ‘guarantee the midterms’ for his Republican Party in November. The bill, which the Senate will take up as early as Tuesday, would require voters to provide proof of citizenship when they register and to present approved identification when they go to the polls, among other new rules that Trump and his most loyal supporters are pushing as part of an effort to assert more federal control over elections.” What’s in the voting bill that Republicans are pushing to the Senate floor. (International strategies may never quite form, but election ones never waver.)

+ Who’s Got Next? “I think Cuba is seeing the end,’ Trump told reporters in the Oval Office on March 16, adding that he believes he’ll have the ‘honor’ of ‘taking’ the country... ‘Taking Cuba. I mean, whether I free it, take it. I think I can do anything I want with it.’” The Crisis in Cuba, Explained.

+ Your Money or Your Life? How’s this for a lede to define America’s current foreign policy? “The State Department is considering withholding lifesaving assistance to people with H.I.V. in Zambia as a negotiating tactic to force the government of the southern African country to sign a deal giving the United States more access to its critical minerals.”

+ Gamble Bramble: “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law.” Arizona files criminal charges against Kalshi, accusing prediction market of illegal gambling.

+ Ready, Fire, Aim: “Our data on the USA goes back to 1789. What we’re seeing now is the most severe magnitude of democratic backsliding ever in the country.” ‘Trump is aiming for dictatorship’. That’s the verdict of the world’s most credible democracy watchdog. (In case you’ve missed the last few hundred editions...)

+ Whaling Away at Wind: NYT (Gift Article): Trump Officials Weigh New $1 Billion Deal to Stop Offshore Wind Farms. “Mr. Trump has disparaged offshore wind power since 2012, when he tried unsuccessfully to stop a wind farm visible from one of his golf courses in Scotland. He has often called the projects ugly and inefficient, and he has claimed without evidence that they are ‘driving whales crazy.’”

+ The Hour Is Getting Late: Amazon now offers 1-hour delivery in hundreds of U.S. cities. (We’re being turned into a nation of Veruca Salts...)

6

Bottom of the News

“According to data from a large US insurance claims database, the month of March – during which the NCAA March Madness basketball tournament takes place – can see a spike in vasectomies performed.” (This can definitely impact your team’s seeding...)