Avoid your eyes! my Sunday morning Look at incompetence, corruption, and policy failures.
• This new investment idea isn’t suitable for your retirement plan: Why are “alternative assets” like private credit not belonging to 401(k)? Let’s count the methods. (WSJ))
• Can Bill Ackman create a “modern” Berkshire Hathaway? The boss of the hard-charging hedge fund is facing a sudden hurdle to emulate Warren Buffett. (Financial Times))
• Rugpull: Crypto is still for crime: Crypto is used to scam naive Trump’s loyalists. A Washington Post research report found that a handful of large investors have made a lot of money from Coin$Trump, but tens of thousands of small investors invited by Trump’s name have bought coins near the peak and seen most of their money disappear. (Paul Krugman))
• When criminals flood Instagram and Facebook, Meta fights the “fraud fad”: Fake puppies and appetizing bargains are often sown by foreign criminal networks. Employees say the company is reluctant to interfere with the advertising juggernaut. (The WSJ date is 2025, but this is not much different from 2015). (Wall Street Journal))
• Airport confusion is part of a bigger pattern: What’s behind the Newark Airport big failure. (Atlantic Ocean)) Please refer Newark’s flight chaos shows air traffic control work shaking the crisis: The path to alleviating the shortage of air traffic controllers will be carried out through the Oklahoma City Training Academy. (Bloomberg)) Please refer The crisis of air traffic control property in Newark is disastrous. That’s not unique either. 99% of US air traffic control facilities operate below the recommended staffing level. (New York Times)) Please refer This air traffic controller avoided an air collision. Now he’s speaking. Jonathan Stewart says the controllers have not left work after the recent FAA equipment outage. “I don’t want to be responsible for killing 400 people.” (Wall Street Journal))
• The collapse of UnitedHealth has nothing to do with Luigi Mangione: The company’s stocks have a dark story about how American healthcare actually works. (slate))
• Please stay calm (but remove nude): New rules for round-trip through MagaAsa: Many people have determined that travel to the US is not worth the risk after recent border detention. But if you go, what do you need to know? The immigration lawyer explains it all (WTF?!?). (Guardian))
• Trump’s real secretary of state: How Steve Witkoff, the president’s friend and golf partner, won one of the most difficult jobs on the planet. (Atlantic Ocean)) Please refer Trump will fundamentally rebuild the US food system in just 100 days: People who grow and sell American food no longer trust USDA. I created a timeline to show what happened. (Grist))
• The “r-word” embraced by Joe Rogan and Elon Musk has returned to mainstream: Many still consider the term “disabled” as a slur, and its use has been pervasive in the comedy world for many years, but it has only become more recent and the discussion of its return has become more common. (NBC News))
• Spooky: Why is Maga Land so obsessed with Kai Trump, who is now 18? Do you really need to ask? Donald Trump’s granddaughter’s birthday was forced into my consciousness because so many terrible people are odd about it. (Guardian))
Be sure to check it out at Master’s Business John MontgomeryFounder and CEO The capital of the bridgeway. Founded in 1993, the company manages $500 million in assets. They have become known for donating 50% of the company’s annual profits to nonprofit organizations.
The top 10% of American households account for 67.2% of the national wealth (the top half holds 97.5%).
sauce: Bloomberg
Sign up for the read-only mailing list.
~~~
To learn how these readings are assembled every day, Please take a look at this.
Post 10 Sunday read first appeared in the big picture.
