Extra, Extra
Fake Dues: “In his videos, George Makihara appears to have a lucrative side hustle making bets on Polymarket. In January, the college student posted a video that showed him winning $100,000 on a wager that President Trump would publicly say the word ‘McDonald’s’ that month. The bet was one of 145 that Makihara appeared to place on Polymarket’s website between January and mid-May, based on his videos—bets adding up to almost $410,000. But none of those bets were real.” WSJ (Gift Article): They Looked Like They Were Getting Rich on Polymarket—but None of It Was Real. Pay attention to who the prediction markets are targeting: “Makihara, who declined to comment, is one of dozens of mostly college-age creators Polymarket paid to film themselves making fake trades and sometimes scoring fake wins.”
+ Lettuce Try Again: “Six Prime Ministers have now resigned since the Brexit vote, in 2016. The sight of the lectern being carried out onto Downing Street, followed by the short, poignant farewell address, has taken on a ritual familiarity, with each departure colored by particular dismay.” The New Yorker: The Torture Chamber of British Politics Crushes Its Latest Prime Minister. And from TNR: Ten Years After Brexit, Every Grim Prediction Has More Than Come True.
+ Dread Nought Decision: A SCOTUS obsessed with religious rights appears to have limits. Color us shocked. “The Supreme Court on Tuesday ruled against a devout Rastafarian who sought damages after Louisiana prison officials cut his dreadlocks despite his claim that it violated his religious rights … The ruling saw the conservative majority depart from its regular support for religious claims, although recent high-profile wins tended to involve conservative Christians.”
+ Eifel Towering Inferno: The European heat waves are getting hotter, coming earlier, and arriving in places not used to them. Forty drown in France as people seek relief from Europe’s heatwave.
+ Behind the Scenes: “Mr. Davis worked to develop his business instincts — and his ear — by studying the Billboard charts and analyzing what made a song a hit. He came to believe in the power of what he called contemporary music: the unabashedly commercial pop that results when a record executive plays matchmaker in the studio, connecting the right singers with the right material.” The studying paid off. NYT (Gift Article): Clive Davis, Hitmaking Titan of the Music Industry, Dies at 94. And, the absolutely great TV director James Burrows (Taxi, Cheers, Will and Grace) died at 85.
+ Real Company, Meme Stock: “SpaceX is obviously not Dogecoin. Its rocket business is a genuine success story, as is Starlink. But the company’s appeal, particularly in the face of setbacks, is also reliant on a combination of story and Musk’s own image in ways that are not necessarily connected to reality. Musk has frequently set unrealistic timelines for projects, including putting a spacecraft on Mars by 2018.” Charlie Warzel in The Atlantic (Gift Article): The Myth of SpaceX.
+ It’s Never Too Late To Stop: “While divorce rates have been dropping across age groups in recent years, the exception to that trend is among Americans ages 65 and up. The reasons are complicated, but it’s becoming clear that some Gen Xers and baby boomers are increasingly unwilling to stay in what sociologists call ’empty shell marriages.'”
