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Caught On Tape: California Billionaire Tax Architect Admits Wealth Confiscation Could Go Even Further
Caught On Tape: California Billionaire Tax Architect Admits Wealth Confiscation Could Go Even Further
One of the co-authors of California’s controversial 'one-time' tax on billionaires appeared to suggest that the levy could extend beyond a single imposition.
Marxist economics professor Emmanuel Saez, who hails from France, made the comment during a Tuesday debate against economist Arthur Laffer at the University of California, Berkeley.
“I don’t think it’s going to be a one-time tax. Because you can’t surprise billionaires more than once,” Saez said. "Even then, maybe some of them were expecting something...
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Jun 14, 2026 / Tyler Durden
Anthropic Rushes Staff To D.C. After A National-Security Order Yanked Fable In Three Days
Anthropic Rushes Staff To D.C. After A National-Security Order Yanked Fable In Three Days
Senior Anthropic technical staff have been dispatched to Washington DC, after a Friday night government demand to implement sweeping export controls resulted in the company yanking its two most capable models Friday night after only a few days of public release - Mythos and Fable (Fable being Mythos with guardrails) - over the alleged ability to 'jailbreak' the latter. As of Sunday the models are still down, no restoration date has been set, but sources on both sides...
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Aug 6, 2026 / Tyler Durden
"In Uncharted Waters": The SpaceX Lockup Expiration Begins
"In Uncharted Waters": The SpaceX Lockup Expiration Begins
SpaceX shares are hovering near record lows after the company's first earnings report as a publicly traded company beat expectations. However, as we noted Tuesday, Thursday's first lockup expiration is likely the more significant near-term catalyst than earnings.
The first insider share lockup expires today and more than doubles the float from about 639 million to 1.55 billion. That means about 911.5 million shares of new supply are inbound for the market.
HSBC analysts Nicolas Cote-Colisson and Charlie Rothbarth recently mapped out the...
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Mar 27, 2014 / Doug Brignole
The Case Against Overhead Presses
I know it’s difficult to accept the notion that Overhead Presses – an exercise that has been around for decades, and has been considered one of the most fundamental exercises in weight training since its inception – might actually not be so good after all. That concept might seem outrageous to you. You’re probably thinking, “how can that be?… it’s in all the fitness books; we see it done in all the gyms; it’s been done by thousands of successful competitive bodybuilders… it’s ludicrous to think that it’s not a good exercise!” But allow me to explain some basic facts, and then you can decide for yourself.
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