Silicon Valley millionaire and advocate for fair taxation, Scott Ellis, supports California’s proposed billionaire wealth tax, arguing that „taxes are the price we pay to live in a civil society.” A member of Patriotic Millionaires, Ellis believes those with extreme wealth have a responsibility to contribute more, stating, „I should pay taxes that are higher than other people because I have more wealth.” He challenges the narrative that such taxes drive out the wealthy, pointing to California’s enduring appeal and talent pool.
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Techs Toxic Turn
Elon Musk’s Grok AI is generating thousands of sexualized images of children, with payment processors like Stripe enabling subscriptions. This marks a stark reversal as the financial industry abandons its aggressive stance against child sexual abuse material. Experts warn this inaction, driven by Musk’s influence and litigious nature, creates a dangerous loophole for illegal content. The situation raises urgent questions about accountability and regulation in the age of AI-generated abuse.
Stewardship in Brick
Sordo Madaleno wins competition to design the New Collection Centre for the Hungarian Museum of Natural History in Debrecen. The Mexican firm’s first European cultural project features a monolithic brick facade using regionally sourced soils. The design prioritizes conservation and research, creating a space of unity between steward, object, and environment. This scientific hub will store and study over 11 million objects as part of the museum’s relocation.
White House Scrutinizes Economic Data Protocols After Premature Disclosure
White House reviews economic data protocols after Trump’s premature jobs report disclosure. Economists call the move „unprecedented” and a potential policy violation. The incident occurred following routine presidential briefings, deemed an „inadvertent public disclosure.” Despite criticism, the White House defends the focus on positive economic trends.
JPMorgan Pioneers AI for Shareholder Voting Decisions
JPMorgan Chase is launching an in-house AI platform, called Proxy IQ, to handle shareholder voting decisions, eliminating its reliance on external advisory firms. The bank’s asset management division, overseeing $7 trillion, says this move reinforces its commitment to vote solely in clients’ best interests. This shift comes as the proxy advisory industry faces increased political scrutiny over its influence. The AI tool will analyze data from thousands of annual meetings, marking a significant tech-driven change in corporate governance.
The Palantir Pessimist
A retail trader is betting against AI darling Palantir, siding with Michael Burry’s bearish call and warning of an AI bubble. He argues the stock’s $350 billion valuation is wildly unrealistic compared to profitable peers like Adobe and Salesforce. Citing concerns over share dilution and a cult-like retail following, he believes Palantir’s true value is closer to $50 per share.
Money Meets Meaning
Money is more than just numbers—it’s a reflection of our values and spiritual life. Financial advisor and former divinity student Tom Levinson explores how budgeting and spending can be spiritual disciplines. Discover what ancient faith traditions teach about aligning money with meaning. Listen to the full conversation for a deeper look at the soul of your finances.
A Global Aurora Spectacle Lights Up the Night
A severe G4 geomagnetic storm unleashed a breathtaking global aurora display, with northern lights seen as far south as New Mexico. The event was triggered by a fast-moving coronal mass ejection from a powerful solar flare, causing vibrant skies worldwide. Stunning photos captured the phenomenon from Scotland to Germany, Romania, and even Portugal. While activity is easing, unsettled space weather means the aurora could make another appearance tonight.
Bitcoin Bottom Signals and Bullish Forecasts Emerge
Bitcoin surges past $92,000 as analysts declare the brutal sell-off is over. Bernstein states the crypto has bottomed, pointing to institutional demand extending the bull run. The firm reaffirms its bold price targets of $150,000 by 2026 and $200,000 by 2027. Technical indicators and improving market liquidity signal a new bullish trend for Bitcoin.
The Global Battery Revolution Has a Chinese Engine
Macron’s battery factory photo-op with a Chinese CEO reveals a global shift. Chinese firms like CATL and BYD are now building state-of-the-art battery plants worldwide. This expansion marks a new phase of Chinese tech dominance beyond its borders. The world is grappling with the benefits and complexities of this battery revolution.