The Long Shadow Of Judge Indira Talwani

Goldman Flags Tightening Power Grid In Texas Amid Rapid Data Center Growth Goldman shared some of their thoughts on the tightening of power markets as the decade comes to a close. ERCOT’s own Preliminary Long-Term Load Forecast now sees baseline peak-summer demand (excluding most medium and large loads) growing at a 5.2% average annual rate from 2026 through 2030. This is already well above the 3.4% realized average of 2022-2025.  Layer in the medium- and large-scale additions, overwhelmingly data centers plus crypto and industrial electrification, and the forecast explodes to 31%...

"It Was Like Two Bucks": Homeless Residents Say They Were Paid To Vote In Los Angeles Mayoral Race Shocking videos posted on social media show multiple homeless Skid Row residents claiming they accepted cash payments ranging from $2 to $5 in exchange for voting for Los Angeles Mayor Karen Bass and city councilwoman Nithya Raman in last week's mayoral election. Spencer Pratt was eliminated from the mayoral race on Monday, after Raman secured the number two spot in what many believe was a mathematically improbable surge in votes from post-Election Day...

Independence Week By Bas van Geffen, Senior Macro Strategist at Rabobank It was a reassuring week for those who are concerned about central bank independence. At the ECB’s annual conference in Sintra, moderator Sarah Eisen channeled a bit of her inner Beyoncé, asking a panel of central bank heads “To all you [bankers], who are independent, throw your hands up at me.” All four policymakers, including Fed Chairman Warsh, confirmed the importance of central bank independence: “The Fed acted independently before the Supreme Court ruling, and the Fed will continue to...