BREAKING: The Fed is set to inject over $8,000,000,000 into the economy this week

The future of leisure is fitness, running clubs are replacing night clubs for young people, alcohol consumption is falling, and oral GLP1s are going to melt literally billions of pounds of visceral and subcutaneous fat in the next decade in America. The future is gonna be fit as hell (and a little bit boring)

Very important question: If YIMBY/Abundance is winning in California, why isn't the state building more homes? Brian Hanlon (@hanlonbt): "The main reasons we don’t have housing come down to three basic things." - First, zoning. It’s illegal to build dense housing even when there’s demand. - Second, streamlining and permits. Even if the housing is legal to build, getting approval can be time-consuming, uncertain, and expensive. - Third, costs: not just higher labor costs, but also govt-imposed costs, like inclusionary zoning and parks fees I would add: The most recent YIMBY wins have coincided with a high interest rate environment and a Trump immigration policy that especially affects places like CA that rely on foreign-born workers. That said, interest rates are national and CA's building crisis is special. asteriskmag.substack.com/p/i…

Lakers' Austin Reaves is expected to miss four to six weeks with the Grade 2 oblique injury, sources tell ESPN. Devastating run of injuries to L.A.'s two leading scorers. Reaves and Luka Doncic are expected to be sidelined to begin the NBA playoffs.

I tried whoop for a couple weeks and couldn’t see any difference between the data my Apple Watch was giving me (for no added cost) using tools like Bevel/Athlytic. Can anyone who swears by whoop tell me how the monthly fee has made a better impact on your health than just your standard wearable tracker like Apple Watch/garmin etc? At least Oura ring is an entirely different form factor 🧐 Am I missing something impactful here or is it just personal preference of what a consumer wants to wear?

I dated the HR lady for a large construction subcontractor (the largest interior firm in the country with tns of thousands of employees - they build every Apple Store and chip fab). She made it very clear that the entire E-Verify system is a total scam. Why? An obvious loophole construct: 1- Illegal aliens all acquire fake documents, often duplicates of working citizen’s information. They pass all inspections because they are “real” documents that have real data behind them that would require law enforcement powers to pierce privacy protections in order to suss out the fraud. 2- It is made very clear that she was never allowed to question documents presented to her. A young Latino man with the name ‘Jeff Smith’ with a 1974 birthdate could *not* be questioned about the obvious misrepresentation on the ID they submitted as long as the photo matched and the physical ID cards passed the cursory inspections a club bouncer at the door performs. When all the info is submitted into E-Verify, it passes with flying colors. Illegal alien employment is not the sort of scam Jason (and many on the left) think it is - where the evil boss man knowingly hires random Latinos he pays under the table at a fat discount to market rates! The company my ex worked for? 100% of their employees were fully documented as valid to work in the USA with a 100% eVerify rate- all paid union wages, health benefits, taxes, etc. Does everyone at the company know like 30% of the workforce is illegal? Yes, but not according to the procedures the government mandates they use to detect legal status.

buybacks are an inherently pessimistic mechanism they imply: we don't have a better use for the cash than to paint the chart in the short term (in the hopes that the chart works out long term) it's an implicit binary option where you are in a sense trying to bootstrap the reflexive loop of prices over product growth levers imo this CAN work because some growth is path-dependent and reflexivity in crypto is insane but assume a thought experiment two companies make the same money and have the same profit margins in the same vertical - company A uses 20% for buybacks - company B uses that 20% for product and R&D or growing sales team in the best case for company A, the chart is painted nicely, investors/users make good returns and spread the word and so you get a strong reflexive distribution loop in the worst case, you are hit with macro conditions and the buybacks are a big waste of money in the best case for company B, you develop new products and onboard/retain new users you otherwise wouldn't have regardless of macro in the worst case for B, company A has now exponentially grown and it is hard for you to catch up to the network effects however, company B can also use this money for different types of network effects via referral programs or other incentives if you play this out over let's say 3-5 years and combine it with the cyclic nature of markets, then I would bet that Company B does better almost every single time (all other things equal) since the buybacks will eventually run into market turbulence which will flip sentiment in the company B case also, just the anticipation of future buybacks is probably enough (see stocks) so tl;dr — I think buybacks can work in certain cases, but in contested markets, I'm not so sure they're the best play the edge case seems to be if you're in a tough spot with market sentiment, you can use it to rent short-term sentiment i.e opportunistic buybacks during market crashes when your equity is irrationally cheap, combined with aggressive reinvestment during normal times, might be best obviously I'm saying this from a company/founder lens and not a short/medium-term investor lens

BREAKING: ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.

"I accept crypto because crypto is the future" BASED

this guy is getting paid $35,000 to set up an internal “ChatGPT” for a law firm. > locally hosted Llama for LLM > N8N to connect it all. we’re living in the AI gold rush.