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NETHAPPENINGS NEWS BYTES
WARREN BUFFETT: “I can end the U.S. deficit problem in 5 minutes.”
“Just pass a law that any time there’s a deficit of more than 3% of GDP, all members of Congress are ineligible for re-election.”
SAMSON MOW:
“The more tools Strategy holds, the fewer angles its adversaries have. A firm with real optionality is hard to game: it might sell, hedge, issue, or buy. A company that has publicly vowed to only ever do one thing has handed a map to short sellers and arbitrageurs.”
The IMF had a hand in slowing Bitcoin adoption in El Salvador. The World Bank did the same in Suriname. According to @Excellion inertia and lack of understanding are the bigger blockers now, and both are changing faster than anyone expected.
Gold almost doubled. Silver quadrupled. And they’ve already done their run.
#Bitcoin is next, and unlike metals, its supply is finite, quantifiable, and being absorbed by buyers who are completely insensitive to price.
Musk gets upwards of 8 million dollars *A DAY* from the US TAX PAYER – and he does everything he can to avoid paying into the system he leeches from.
The audacity of the broligarch welfare class is INSANE.
Elon Musk just said he wants to cut Social Security and Medicare, calling them “entitlements”: “That’s the big one to eliminate.” https://x.com/Mbakaza4L/status/2052364191051264083
Steve Martin @UnrealBluegrass
We all know, as much as anything human can be known, that Epstein created and ran a worldwide pedophilia ring. Worldwide! Very rich and successful old white guys were frequent offenders. Trump and that foul ilk were “gold card members”. Are UFOs real? Don’t know . Maybe. Epstein victims are very real. The abusers should be in prison. It’s time for action not UFO files or ballrooms. The world is disgusted. #EPSTEİN
https://x.com/mjfree/status/2053499217436451225
ESSAY
Bull Theory @BullTheoryio
“Consumers are literally running out of money.”
This is the statement given by the CEO of Kraft Heinz, a company whose products sit inside almost every American household, speaking from direct sales data across millions of homes every single week.
After COVID, supply chain disruptions, energy costs and raw material shortages pushed food prices up sharply for four consecutive years.
Consumers absorbed as much as they could and then stopped buying.
Kraft Heinz lost volume every single year for four years straight. People were not eating less, They were spending less because they had no choice.
The industry has been cutting prices and shrinking package sizes for two years just to get people buying again.
And now the Iran war is threatening to undo all of that with another wave of food inflation before American households have even recovered from the last one.
Consumer staples don’t lie — when Kraft Heinz sees volume erosion for four straight years, that’s not a shift to private label, it’s demand destruction at the kitchen-table level. The real warning is the Iran war threatening to reignite food inflation before households have rebuilt any buffer. The macro looks fine on aggregate; the micro’s been screaming for years. #ConsumerHealth #Inflation #KraftHeinz #Macro
Shaping Society’s Character: The Role of Schools in Developing Social and Emotional Skills
Schools shape skills like cooperation, trust, and perseverance beyond cognition. Evidence suggests school interventions can build social capital and support cohesive societies.
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