Red Sox. Red Wedding.

I wonder if anyone is really surprised by the amount of self-dealing involved here. What I find surprising though is that there are sophisticated investors (VCs) all around and none of them said a word on behalf of their LPs. www.nytimes.com/2026/04/24/t...

Look. Spirit Airlines is terrible. It deserves its fate. It’s not systemically important. And, we will come to rue the day we let the govt take it over. What a terrible precedent. How long before JetBlue, American and United come looking for their subsidy?

This is how one gets a merger done in our personalist regime. www.nytimes.com/2026/04/24/b...

Defense Production Act? I’m pretty sure that’s not quite kosher. www.cbsnews.com/news/white-h...

“The government’s stake in Spirit could ultimately climb to 90 percent, one of the people said.” 👀 I’m sorry. What? www.nytimes.com/2026/04/22/b...

Republican socialism.

No one knows airlines like this guy! The US govt is sprinting into ownership positions across a variety of industries. Sometimes for purported national security reasons, sometimes for what appears to be the vibes.

Shareholders of Warner have voted to approve their deal with Paramount. Just waiting on govt antitrust approval before the deal can close. So… what’s for dinner!!

Media consolidation continues. CNN to become TrumpTV… variety.com/2026/film/ne...

Any SpaceX/Tesla merger will be sent to independent directors to ensure fairness… hahaha! SpaceX and Tesla are on an inevitable collision course giftarticle.ft.com/giftarticle/...

Wait, so the govt is going to get a majority equity position in Spirit Airlines? Just what we need. Trump Airlines 2.0… www.nytimes.com/2026/04/22/b...

Boston Marathon 2026!

It’s Marathon Monday, a local holiday here in Boston. I shall not be working today.

If past is prologue, then the massive gains in productivity will accrue to capital and not labor. Incomes will decline while returns to capital will explode. Absent massive increases to taxes on capital, it’s hard to see how this ends well.

Another trip around the sun.

Quietly, SB 2471 is making its way thru the Hawaii legislature. HB 2471 makes it clear that under Hawaii law, corps do not have the corporate power to spend money on political campaigns. legiscan.com/HI/bill/SB24...

Musk champions billionaire tax in massive wealth redistribution scheme. … oh, wait, is that not what’s happening?

I paid more taxes than Tesla? Cool.

Trump’s DOJ showed its ass and settled this case. It probably shouldn’t have. www.nytimes.com/2026/04/15/a...

Hahahahaha Empty shell company just chasing the wave… www.cnbc.com/2026/04/15/a...

The jury system again proving to be a vital part of our democratic system. If you have a chance to serve on a jury, do so.

So crypto has finally found a use case. Call it a “toll token”!! $1 per barrel of oil, payable in crypto. Empty tankers pass for free (generous). Iran demands crypto fees for ships passing Hormuz during ceasefire giftarticle.ft.com/giftarticle/...

CO AG Weiser: The president, in a Truth Social post, said, “This merger between Nexstar and Tegna should be approved, period.” The DOJ ignored its established standards. They didn’t explain why—they just waved this right through. We’re going to be before a judge asking for a preliminary injunction

What happens when you get professionally embarrassed mid-trial who settle the case you are arguing? Well, if you have any self-respect, you quit, which is exactly what the DOJ’s Live Nation trial team just did. news.bloomberglaw.com/antitrust/do...

GCC partners getting non-voting shares of Paramount. Won’t trigger a CFIUS review.

Blessed are the peacemakers, for they will be called children of God.

Pope Leo at the Stations of the Cross: "Every person in authority will have to answer to God for the way they exercise their power." Jesus says. "Whatever you do to another human being, especially to the small and vulnerable, you do unto me. And it is to me that you will one day give an account."

Pour one out for the wool running shoe 🐑👟. The PBC that was supposed to save the world with sustainable sneakers… sold in an asset sale for only $39 million. 😢 www.nytimes.com/2026/03/31/b...

Damn rabbits shitting all over campus this morning. #EasterWeek 🥚🐰

SpaceX shareholders just paid $250 bill for this. Now, all the co-founders are gone and the whole model will be rebuilt. Sounds like someone got a good deal techcrunch.com/2026/03/28/e...

🚫🤴, esp 🚫🍊🤡🤴

This was the only reasonable result to this ridiculous suit, which tried to claim that companies who refused to buy ads on the other site cause it’s basically a nazi bar is somehow a violation of the federal antitrust laws.

Ok, here’s some sanity for your Thursday morning… news.bloomberglaw.com/business-and...

The FCC has banned all future importation of foreign made routers? Ok, let’s put the idiocy of autarky aside, but who exactly is making routers in the US and how many hundreds of dollars is it going to cost me to get one? www.pcmag.com/news/fcc-jus...

For the few years, it will come down to the various states to enforce their antitrust laws. The federal antitrust authorities appear to be totally captured and corrupted by 🍊🤡. www.theguardian.com/us-news/2026...

What price for gas will generate spontaneous WFH policies?

It's only force majeure if it comes from the Majeure region of France. Otherwise it's just a sparkling shitshow.

Whoa whoa whoa. WSJ reports that Trump *personally* pushed the Justice Department to settle its antitrust case with Live Nation. Several sources for my NYT column speculated this was the case. The Journal says it's a fact. www.wsj.com/us-news/law/...

Near as I can tell, sitting here on my couch, 🍊🤡’s “policies” will usher in years of low growth and rising prices. I love the ‘70s.

Amazing that we have already entered the “country will be opening up by Easter” phase of the current Trump mess. It’s a replay of the same disastrous decisionmaking that gave us the COVID nightmare

Happy Evacuation Day to all who celebrate! #BritsOut

This is on the theory that it can’t hurt you if you don’t know about it. I had an uncle who lived by the same theory. He died young.

A fifteen day waiting period (rather than 12 months) before SpaceX is added to the S&P 500 AND then a 5x float multiplier?! Look, when Elon is scammer his fanboys, it’s all fun and games. But why do I have to subsidize his nonsense? 247wallst.com/investing/20...

Time for everyone to toe the line. We are winning - so winning - this war in Iran. #RIP1A

🍊🤡 gotta wet his beak

Musk continues to treat all these businesses as his own, moving assets/personnel around as he sees fit. If I were a Tesla shareholder, I’d be upset that Tesla assets were being used to support Musk’s private venture.

During 🍊🤡 1.0, when faced with a global pandemic, his decision making was was laid bare as worse than worthless. Now it’s 🍊🤡 2.0, and he lumbered into a global crisis of his own making. His decision making is still worse than worthless.

Netflix has $2.8 billion in spare change to use for this deal…

State AG refuse to play ball on the stitched up settlement between the DOJ and Live Natikn (repped by MAGA Mike Davis).