We know what’s coming and we are prepared.
📊 There's a popular saying that if you're not a liberal at 20, you have no heart, but if you're not a conservative by 40, you have no brain.
It might be more accurate to imagine that people's formative years have large, persistent impacts on their beliefs. A study by Andy Gelman showed how.
In the Gelman model, high presidential approval during a (White) birth cohort's teen years leads them to favor that president's party for the rest of their lives. Whatever the reason, it's as if they're acting to bring back the 'good old days' of their cognizant childhood. To get an idea of how this looks, look at Eisenhower Republicans:
The Eisenhower Republicans were those who missed most of the FDR years and were socialized in ten straight years of Republicans, of which the Eisenhower years had positive spin. As a result, that cohort became very pro-Republican, but then the very pro-Democrat Kennedy and Johnson years moderated them back to being a bit less pro-Republican.
The 1960s Liberals were born a bit later than the Eisenhower Republicans and they got to experience the pro-Kennedy and Johnson years in their formative years, but the next 25 years of strongly pro-Republican sentiment brought them to near-neutrality.
One of the most well-known political generations is the Reagan Conservatives. This generation got to experience strong pro-Republican sentiment and they ushered in the real Reagan Revolution: a cohort with strong pro-Republican leanings and little moderation due to the balance of sentiment between Clinton and Bush II, and Obama's nearly neutral sentiment.
Other cohorts like the New Deal Democrats and Millennials have their own biases that follow from the same dynamics, and if you plot them all together, you get a clear picture of the sentiment of the White electorate:
Now do note, I said Whites. This model works slightly better for non-Southern than for Southern Whites, and compared to those two groups, it works less than half as well for non-White minorities.
In any case, this model based on formative year impacts can explain roughly 90% of the variance in vote choices in the electorate. If you want to get people's votes, get them early in life, and you might be able to hold them through waves of less popular candidates from your own party.
Ukrainian forces have begun training and testing exoskeletons for battlefield use. Soldiers from the 147th Separate Artillery Brigade are using them in the Pokrovsk sector for both logistics and frontline operations. The goal is to reduce physical strain, especially when loading heavy artillery shells into howitzers without automatic loaders. Artillery crews can handle up to 1200 kg of ammunition per day, and early tests show that exoskeletons help them work faster and with less fatigue Above all, by improving the conditions for those soldiers on the front lines who handle such heavy loads, plus the stress of work. Seeking to reduce overall fatigue in the troops
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🇮🇷🇮🇱 - 14 wounded in Iranian missile strike in central Israel, according to Israeli media.
🇬🇧🇮🇶 - A drone struck British Castrol oil warehouses in Erbil, Iraqi Kurdistan, causing extensive damage.
🇮🇷🇮🇱 - Iran launched 9 missiles towards Israel this morning alone, with at least 3 of them being cluster missiles.
🇱🇧🇮🇱 - Over the past 12 hours, Hezbollah launched counterattacks in Khiam and Qantara, in the Nabatieh direction, southeast Lebanon. Hezbollah recaptured northern Khiam, with fighting ongoing for the south of the town. Hezbollah units also re-entered Qantara; frontline sources reported clashes in the center of the town last night.
🇱🇧🇮🇱 - 48 IDF soldiers have been wounded in clashes with Hezbollah over the last 24 hours in southern Lebanon, according to the Israeli Army.
🇱🇧🇮🇱 - "The Israeli army is barely catching its breath in southern Lebanon, and its resources are less than in the previous round of fighting," - Haaretz....
🇺🇸 Blue Owl Capital just disclosed that investors tried to pull 40.7% of one fund and 21.9% of another in a single quarter, and both funds gave the same answer, you can only have 5% back, and everyone else waits in line.
This is a bank run, not a normal withdrawal.
Wall Street spent the last decade selling millions of investors on something called semi-liquid private credit, higher yields, steady income and the promise you could get your money back every quarter if you needed it. What they buried in the fine print was what happens when too many people try to leave at the same time.
Analysts who have covered private credit for decades say nothing on this scale has ever been reported before at any major private credit manager.
These funds do not hold stocks you can sell on a Tuesday afternoon, they hold private loans to mid sized companies that cannot be liquidated quickly without destroying the price for every investor still trapped inside.
This product was originally designed for ...
🇺🇸 President Trump wants to switch to war economy in 2027 with massive increase in military spending and massive cuts to healthcare and other domestic agencies
Once a deficit hawk — he said in 2016 that he thought he could balance the budget in five years — Trump ended his first term with $7.8 trillion in added debt. His 2027 proposal is expected to give an update on 10-year deficit projections currently estimated at around $16 trillion.
The GOP's message for the Midterms will be focused on the "need" for a massive defense build up while the Democrats' message will be focused on affordability.
The fiscal 2027 budget will be the first time Trump puts his second-term governing agenda into one comprehensive document — with the numbers to back it up. The budget he released last year lacked detailed line-by-line spending targets and the economic assumptions necessary to project the long-term cost of his proposals.
Investors in US Treasuries will be looking to see if the debt and ...
