Laurel

@balancecraft.bsky.social

Democracy, antitrust, psychedelics My views are a personal "special arrangement sanctioned by history" Postwar substack series (how did "grandfather of VC industry" sabotage reconstruction of postwar Germany?): https://balancecraft.substack.com/about

fun hobby: cataloging the securities law violations in batman begins bruce wayne bought up the shares of his company right after the IPO without so much as a 13D, let alone a Form 4?

Per UBS, OpenAI and Anthropic will account for 27% of Google Cloud's 2026 revenue and more than 48% of 2027's. Investors are being sold a story about diverse AI demand that is simply not true - hyperscalers spent a trillion dollars to feed money back to themselves and pretend it's real growth.

Ed Zitron@edzitron.com · 5d ago

Was awesome to join Bloomberg to talk about the lie of AI - everyone's buying into the mag7 believing CapEx is going towards diverse AI demand, when all it's really doing is supporting the circular cloud revenues of two unprofitable, unsustainable AI labs. www.youtube.com/watch?v=pHcZ...

The Trump administration is asking #SCOTUS to put back into effect its executive order giving the USPS more control over mail-in voting. Today's bonus "One First" explains why this is a purely procedural dispute at this juncture (about standing/ripeness)—albeit one the government should still lose:

Bonus 241: The Mail-In Voting Applications

What the Court was asked to do on Monday is narrower than much of the coverage suggests—and a grant of relief would be far less significant than it may appear.

stevevladeck.com

Claude is apparently buying up rare books, first editions, and as yet unpublished fare to scan and destroy to feed their engine without having to worry about copyright? (Have also heard anecdotally about rare book dealers getting unprecedented orders) isbndb.com/blog/print-b...

The Receipt is the New License: Print Books Sourcing for AI Training - ISBNDB Blog

In 2025, a federal judge handed down one of the most consequential copyright rulings in AI history. Anthropic (Claude AI) had purchased and physically

isbndb.com

I spoke to my old friend Mitch McConnell this morning for just shy of 20 minutes. We talked of many things: Of shoes—and ships—and sealing-wax— Of cabbages—and kings— And why the sea is boiling hot— And whether pigs have wings.

"many private-market investors see investments in Musk’s companies as sure bets ...Investors who backed Musk’s $44 billion takeover of Twitter had been underwater ...But they eventually made money after [he] rolled [Twitter] into ... xAI, and later ...SpaceX." Profit via conflict transactions

Exclusive | Elon Musk’s Boring Company Eyes $20 Billion Valuation in New Funding Round

The tunneling startup is in talks to raise around $4 billion from investors

wsj.com

FAQ: Why will a judge, not a jury, decide the States & Writers Guild lawsuits against Paramount/WBD merger? A: Because 1) these are civil (not criminal) cases, & 2) the ONLY remedy they seek is injunctive relief (e.g. stopping the merger) not money damages Why does that matter?

Bild

production of The Muppet Show should not be dependent on petty vulgarities like “ratings” or “revenue.” it should be preserved as a vital function of american culture. it should have a taxpayer-funded budget rivaling the CIA

I have two pieces out today. First, in @prospect.org, is a look at the ex-Biden officials now lawyering & lobbying on behalf of prediction markets. The only Biden alums NOT working for them are the ex-financial regulators -- the people who actually get their issues. prospect.org/2026/07/07/e...

Economic Hit Men for Gambling Apps - The American Prospect

Former solicitor general Elizabeth Prelogar is writing justifications for prediction market gambling apps, joining several Biden administration colleagues defending the industry.

prospect.org

Vacation wildlife tally Wood ducks: mom+duckling (pictured) Regular ducks: same Loons: 1 pair ~daily Hummingbird: 1 Red squirrels: a few Wild turkeys: 1 flock Deer: mom+fawn Crayfish: 3 Minnows: a few Mosquitoes: a few/day Spiders: ~dozen Water striders: ~infinite Moose: 0 :( Bald eagle: 1

Bild

BREAKING: The Trump White House just ousted all three sitting members of the U.S. Election Assistance Commission — hamstringing the bipartisan agency ahead of the midterms. The EAC helps state and local officials run elections, including by certifying election equipment.

Trump ousts remaining members of the Election Assistance Commission ahead of midterms

The dismissals hamstring a key bipartisan agency just months before the midterms.

nbcnews.com