Extra, Extra
This is 40: “The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending.” You might not be worried about that debt load, but the bond market is. And the bond market has a way of making its worries your worries. NPR: The bond market is signaling trouble ahead. This is why you should pay attention.
+ Big Bet: “A handful of billionaires and companies are driving corporate spending in U.S. midterm elections this year, and they aren’t the usual power brokers who have sat atop the political food chain in Washington in previous decades.” The new kingmakers: Crypto, AI and betting firms fuel record spending on the 2026 midterms. In the great food chain of separating you from your money, crypto and betting are intertwined. And neither is slowing down. People are now gambling on the Little League World Series.
+ Steam Punks: “Washington’s misadventure was not an aberration so much as the ultimate expression of the inherent vice of its Middle East strategy.” Foreign Affairs: The End of the American Middle East. Trump’s strategy, to the extent there was one, has been bad. The tactics also haven’t worked. And the same people who masterminded them are trying to rewire the military. WSJ (Gift Article): New Drone Unit to Be Phased Out as Hegseth’s Army Pick Makes His Mark. And, Trump’s steam obsession risks crippling the U.S. carrier fleet.
+ Self-Destruction Epidemic: More U.S. Parents Opting Children Out of Vaccine Requirements. “In Utah, which has some of the most relaxed laws around school vaccine requirements, nearly 13 percent of kindergartners had a religious or personal exemption for at least one routine shot. The state is also in the midst of a monthslong measles outbreak that has infected more than 700 people. New York, which stopped allowing parents to opt out for religious reasons in 2019, reported no non-medical exemptions.”
+ Swall Fall: FBI searches former Rep. Eric Swalwell’s home, seizes his electronic devices. (But these days, we don’t know whether this search is for legitimate reasons or political ones.)
+ Sea No Evil: North Korea fires barrage of missiles toward the sea after dismissing overture from Trump.
+ The ABCs of 0s and 1s: Another era-defining headline: UC Berkeley professor admits to using AI to edit op-ed on students’ math skills. “Stankova admitted she had used AI software to ‘help edit the piece’ but that the article was “the result of several hundred person-hours of intensive human work, of which about 80 hours are my own.'” (Several hundred person-hours for one op-ed? To a humanities major, that math doesn’t add up.)
