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IRS Takes Aim At AQR's Tax-Slashing "Holy Grail", Warns Crackdown May Be Retroactive

IRS Takes Aim At AQR's Tax-Slashing "Holy Grail", Warns Crackdown May Be Retroactive For three years Wall Street's hottest product wasn't a stock, a sector or even an AI trade - it was losing money. Specifically, losing it in a very precise, very engineered way so that the "losses" could be handed to the IRS while the portfolio itself kept compounding. But now the taxman has finally noticed. On Monday, Treasury and the IRS released Notice 2026-62 and Revenue Ruling 2026-20, a double-barreled warning shot at the "tax alpha" industry. Among...
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May 25, 2026 / Tyler Durden
Pope Sounds Alarm On AI "Slavery" While Church Aligns With Lefty Anthropic
Pope Sounds Alarm On AI "Slavery" While Church Aligns With Lefty Anthropic Pope Leo XIV published his first encyclical on Monday, entitled Magnifica Humanitas (The Magnificence of the Human Person). The roughly 42,300-word declaration, issued as a papal encyclical, warned, "The fight against new forms of slavery is a decisive test for the ethical discernment of AI and digital transformation." "If technology promises emancipation, yet produces new forms of global subordination, it stands in contradiction to the fundamental principle of human dignity," the pontiff explained in the encyclical, while urging governments...
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May 2, 2026 / Tyler Durden
Syrian Gets Just Six Months In Jail For Raping 13-Year-Old Girl After Court Cites His Low IQ
Syrian Gets Just Six Months In Jail For Raping 13-Year-Old Girl After Court Cites His Low IQ Authored by Thomas Brooke via Remix News, A 21-year-old Syrian man convicted of raping a 13-year-old Norwegian girl in a bike shed will serve just six months in prison after a court cited his low IQ, limited development, and a recent change in Norwegian sentencing law. Abdelmonem Abdelrazak Al-Yousef was found guilty by Nord-Troms and Senja District Court on March 31 in relation to the rape that occurred during the night of Sept. 7, 2024,...
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May 29, 2026 / Joshua Mawhorter
“Creating a Nation”: The Declaration of Independence and the Nation Anachronism
Viewing the Declaration of Independence as the act that created one consolidated American nation is a common historical anachronism, which projects a later nationalist understanding backward onto the founding era.
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