📝 Lomez on X:
"Zoomers are the first cohort to be fully immersed in the reality of generational downward mobility. While millenials will also earn less than their parents, they were formed under the expectations of America ascending to a kind of Post-History stasis where at worst their status and wealth was permanently locked in.
Zoomers have none of these illusions and rightfully reject the obsolete and facile narratives they’re expected to swallow and obey to make sense of their lives and ambitions. Those are dead narratives. They do not reflect reality at all. They do not reflect the deranged cultural and political circumstances they’re expected to navigate from a position of negative expected value for pretty much any career path outside of genius tech outlier.
Scolding them is a stupid and pointless exercise that will only drive them further into despair and resentment.
Yes. Don’t be resentful. Don’t give in to despair. Be resourceful and lay a claim on your own life. But it’s also going to require offering Zoomers much better and updated narratives and opportunities for how to accrue status and wealth and the basic conditions for living a dignified life for the average guy who is not an outlier tech genius.
There are short, medium, and long term fixes for this. Some straightforwardly political. Some more complex cultural questions. But the implicit promise of boomer America, even Gen X America, is no longer viable, and that broken promise has absolutely nothing to do with Zoomers themselves."
📎 Lomez
mexicans are now living in terror of ICE rappelling through their apartment window and you're laughing?
Feds rappelled from Black Hawk helicopters during Chicago raid to target alleged Tren de Aragua gang members.
The operation involved around 300 federal officers.
Israel's contract to pay influencers some $7,000 per post is running "right now," journalist Nick Cleveland-Stout tells Glenn Greenwald.
"We don't actually know as of right now who the influencers are," he says. "There's between 14 and 18 influencers that are part of this program."
Cleveland-Stout says he thinks this is "the first real smoking gun" that the Jewish state is "paying influencers to post on behalf of Israel."
🧃🔗
🇺🇸🤖🔌 Average US electricity price over the years, per Axios
📝: These AI data centers are going to be a negative influence on the economy in more ways then one.
🔗 Unusual whales
🇺🇸 We have our first break in the matrix: Oracle.
A month ago Oracle stock soared after forecasting extraordinary growth: "We signed four multi-billion-dollar contracts with three different customers in Q1," said Oracle CEO, Safra Catz.
$455B in contract backlog. Multi-billion-dollar deals.
But according to The Information, newly surfaced internal documents paint a very different picture.
Oracle’s AI cloud margins are razor-thin around 14 cents of profit for every $1 in Nvidia server rentals.
That’s less than most retail businesses, and in some cases, the company’s actually losing money. The data shows margins fluctuating between 10% and 20%, averaging just 16%.
And reportedly, Oracle lost nearly $100 million last quarter renting out Blackwell chips, the very product driving its “AI boom.”
🔗 Stock Market News