#66 - Stuff Happened

August 2022

Tax cuts, Truss said, will help rein in runaway prices and boost growth.
Liz Truss, frontrunner to replace Boris Johnson, on her plan to fight inflation

A decision by Toronto city council further squeezes the city's housing supply.
Charges levied on developers that build new housing to rise by 46% over next 2 years

Adam Neumann’s New Company Gets a Big Check From Andreessen Horowitz.
The company is valued at more than $1 billion before it even opens its doors.

Marc Andreessen wants America to build again—just not in his backyard.
IMMENSE objection to the creation of multifamily overlay zones in Atherton

Today, we received news that our economy had zero inflation in the month of July.
Biden front-runner for ‘Lie of the Year’ award

The ‘crying CEO’ sacked two people then posted a weeping selfie on LinkedIn.
The 32-year-old CEO of HyperSocial, a marketing agency, had just sacked two of his 17 employees

Mark Zuckerberg Responds To Graphics Backlash
The internet roasted Mark Zuckerberg’s selfie to hell and back

Michael Burry Sold EVERY Stock He Owned, Except One
Michael Burry doesn’t believe inflation will recede. And as a result, he thinks stocks are doomed.

German benchmark electricity passed €700 per megawatt-hour
The level is about 14 times the seasonal average over the past five years.

Car blast kills daughter of Alexander Dugin, known as ‘Putin’s brain’
The car bombing, unusual for Moscow, is likely to aggravate tensions between Russia and Ukraine.

Due to inflation, a Canadian pizza chain is offering customers forward contracts
No matter how bad inflation gets, your pizza price stays the same.

Joe Biden announces $10,000 in student loan forgiveness
The move would wipe clean up to $10,000 in debt from borrowers making less than $125,000 per year.

F.B.I. Searches Trump’s Mar-a-Lago Residence in Florida
The former president called the search an “assault”

Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation
Fed Pivot My A*S

Japan considering development of new nuclear reactors
Japanese Prime Minister has instructed his government to consider developing safer, smaller nuclear reactors

Macron warns of ‘end of abundance’ as France faces difficult winter
“What we are currently living through is a kind of major tipping point or a great upheaval…”