2026-04-28 19:30:18
As a law professor and sometime libertarian, I’m of three minds about news that the prediction-market platform Kalshi has banned three candidates for public office for placing bets on their own races.
2026-04-28 19:00:18
If you take the long view, America’s economic outlook is pretty bleak. Like a lot of rich countries, it is overwhelmed by debt it has no plans to reduce. Even more troubling is its aging population, which will reduce growth and leave fewer people to pay all that debt.
2026-04-28 18:30:18
Conservatism is in decline. True, it’s not dead — in 2025, a larger share of Americans described themselves as conservative (35%) than liberal (28%) — but this seven-point difference is the smallest Gallup has measured since 1992.
2026-04-28 18:00:20
Even if the US and Iran somehow strike a deal to reopen the Strait of Hormuz, a halt to fighting won’t magically restore shipping through the contested waterway. A coalition of more than 30 countries, led by Britain and France, has begun wrestling with that problem. Success will require three things: clearing mines, establishing credible escort protection and restoring insurability for shipping.
2026-04-28 18:00:18
A few weeks ago, I sat down at my laptop and built a trading platform. It connects to three financial exchanges. It ingests news from RSS feeds, web searches, Reddit and Twitter. It uses a large language model to analyze markets, estimate probabilities and decide when the price is wrong. It sizes positions using the Kelly criterion. It manages risk across a portfolio. It routes orders intelligently across venues.
2026-04-28 17:30:18
In attempting to find a jury in the case of Musk v. Altman, US District Judge Yvonne Gonzalez Rogers chose to widen the pool of potential candidates for selection. That figures: To many Californians, being asked to side with either Elon Musk or Sam Altman is like deciding between getting a slap in the face or a knee to the groin.
