With Trump very transparently saying that the invasion of Venezuela was to take their oil, let's dive into oil markets. TL;DR - it's not at all clear to me that Trump or the people around him have any coherent long term strategy.

I am reminded of Colin Powell's prescient advice to George W. Bush: "You break it, you own it." Wars are easy to start, hard to end.

Facebook's parent Meta noticed that scams accounted for 10% of their revenue, more than expected fines. So, they decided to lay off much of their anti-fraud staff and not try too hard to prevent their their users from being ripped off (H/t Cory Doctorow). www.reuters.com/investigatio...

Uh oh. Some of us have seen this movie before. www.nytimes.com/2025/10/27/o...