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Waste Of The Day: Seattle's Homelessness Fiasco
Waste Of The Day: Seattle's Homelessness Fiasco
Authored by Jeremy Portnoy via RealClear Politics,
Topline: The homelessness agency in King County, Wash., has a $45 million deficit, but auditors can’t fully figure out why, according to a state audit publicly released this April. Its accounting records are so poor that it’s impossible to track where portions of its money are being spent.
Key facts: The King County Regional Homelessness Authority helps run shelters and outreach to the homeless population in 39 cities. It’s funded jointly by the county and the City of Seattle.
Financial...
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May 6, 2026 / Tyler Durden
'Still So Early On This Journey': Morgan Stanley Launches Lower-Cost Crypto Trading
'Still So Early On This Journey': Morgan Stanley Launches Lower-Cost Crypto Trading
Just a week after Amy Oldenburg, Morgan Stanley’s head of digital assets, spent the better part of an hour making a case for bitcoin that few clients have heard in full (a gap she says is the industry’s most urgent problem), the bank announces the launch of crypto trading on E*Trade, charging 50bps in a pilot that undercuts rivals like Coinbase, Robinhood, and Charles Schwab.
CoinDesk reports that Morgan Stanley’s Head of Wealth Management, Jed Finn, said the initiative goes beyond...
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Sep 5, 2026 / Tyler Durden
With Its War On Prediction Markets, The Gaming Lobby Plays A Bad Hand
With Its War On Prediction Markets, The Gaming Lobby Plays A Bad Hand
Authored by Dean Heller via RealClearMarkets,
There's a saying in Vegas, the house always wins. I represented Nevada in Congress for more than a decade and I can attest to the truth behind that phrase. But what I learned is that it's rarely a fair fight. The gaming industry works to stack the odds against competition, whether it's at the tables, in courtrooms, or in the halls of Congress.
It was never a fair fight, which is why the...
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May 21, 2026 / Tyler Durden
The DNC Finally Releases Its 2024 Autopsy, And It's A Total Whitewash
The DNC Finally Releases Its 2024 Autopsy, And It's A Total Whitewash
The Democratic National Committee has released its long-awaited "autopsy" of the 2024 presidential election, and it is getting panned from all sides for being evasive, poorly constructed, and conspicuously silent on the two most consequential decisions the party made in 2024.
DNC Chair Ken Martin had been sitting on this report since late last year. He pledged transparency, then reversed course in December, saying he would not release it. The reversal created a slow-motion credibility crisis. NBC News described...
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