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Washington Post: “A federal judge has found that the Internal Revenue Service violated federal law “approximately 42,695 times” when it shared confidential taxpayer addresses. The judge wrote that the vast majority of the nearly 47,300 taxpayer addresses the IRS shared with Immigration and Customs Enforcement in August were disclosed without the IRS confirming that ICE …
American Affairs, Spring 2026. Vol. X, Issue 1. Understanding the LLM Bubble [ungated PDF] Hubert Horan. The current debate on the existence of an “AI bubble” centers on a single question: is the current high level of investment into AI data centers a massive misallocation of capital or the key to future economic growth? The …
CREW: “In the year since Donald Trump returned to the Oval Office, he has already racked up an astonishing number of conflicts of interest from the businesses that he owns and profits from as president. While everyday Americans continue to struggle to cover the rising costs of housing, groceries, utilities and other regular expenses, Trump’s …
“Users of Kalshi and its primary rival, Polymarket, can bet on events major and minor, from politics to sports to culture to the weather. Recent markets on Kalshi have included whether certain words would be used during a Palantir Technologies Inc. earnings call, whether Elon Musk would win his court case against OpenAI and whether …
Institute for Local Self Reliance: “Here’s why teachers should break up with Amazon’s wish lists — and where to find better alternatives. Teachers routinely spend their own money on school supplies. With public school district budgets being slashed nationwide, over 90 percent of public K-12 teachers now pay for classroom supplies out of their own pockets, …
Firm Data on AI – Ivan Yotzov, Jose Maria Barrero, Nicholas Bloom, Philip Bunn, Steven J. Davis, Kevin M. Foster, Aaron Jalca, Brent H. Meyer. Working Paper 34836. DOI 10.3386/w34836. Issue Date February 2026 We present the first representative international data on firm-level AI use. We survey almost 6000 CFOs, CEOs and executives from stratified …
Read the Full Report (PDF) “Today, the Senate Committee on Banking, Housing, and Urban Affairs Minority Staff released a new report analyzing the cost to American consumers of President Trump’s attack on the Consumer Financial Protection Bureau (CFPB), the agency that has returned $21 billion directly to Americans who were cheated by big banks and …
FT.com – no paywall – “…So, how exactly can you buy a law firm if you are not allowed to buy a law firm? The answer is that the law firm gets split into two parts: one entity, fully controlled by lawyers, that provides legal advice to clients, and a second, called a management services …
W. A. Lawrence – “Marc Andreessen’s firm bankrolled Substack and donated $39 million to Trump’s orbit. Its former executives now serve in his administration. If you publish political journalism here, you should know whose roof you’re under. That is the sentence every political writer on Substack needs to sit with, because almost none of them …
“In the near term, CBO anticipates, U.S. businesses will absorb 30 percent of the import price increases by reducing their profit margins; the remaining 70 percent will be passed through to consumers by raising prices . . . the net effect of tariffs is to raise U.S. consumer prices by the full portion of the …
The Atlantic – no paywall: “To live in time is to wonder what will happen next. In every human society, there are people who obsess over the world’s patterns to predict the future. In antiquity, they told kings which stars would appear at nightfall. Today they build the quantitative models that nudge governments into opening …
CBO – “…The budget projections are based on CBO’s economic forecast, which reflects trade policy as of November 20, 2025, and economic developments and laws in place as of December 3, 2025. The budget projections also incorporate the effects of laws in place as of January 14, 2026. (CBO’s projections do not include the effects …
