my Sunday Morning Look at the incompetence, corruption and failed policies.
• 11 Predictions: What's Next for AI: Are you ready? Is anyone ready?Honest Broker)
• Why Collectible Art Has Lost Its LusterFrom vintage cars to watches to paintings, amateur connoisseurs driven by passion for their hobbies have been replaced by those looking for investment opportunities.Financial Times)
• Cryptocurrency is the Trump family's new business venture, but ethics watchdogs are concerned.The former president's eldest sons are gearing up to launch a new cryptocurrency venture.Politico)
• Why Miami's super-rich spend millions to live here? Step inside the billionaire's bunkersMiami's richest celebrities have found a hideaway. It's on an island in Biscayne Bay, guarded by its own police force and headed by its mayor. Behind the gates are more than 30 mansions, a golf course and a country club — but no welcoming sign. New neighbors Ivanka Trump, Tom Brady and Jeff Bezos are spearheading the revival of the “billionaire's hideaway.” They bring not only huge amounts of money, but also super-celebrity status and the demand for super-privacy.Miami Herald)
• How dating apps are contributing to the population crisis: The Consequences of Monetizing Romance! Dating apps are under a lot of pressure. Falling revenues, people not wanting to pay, and Gen Z apathy have caused stock prices to plummet and activist investors to swarm. The only way forward for them is to monetize, but what does that mean for our demographic crisis?Kaira's Newsletter)
• When Bitcoin scammers targeted meLonely Americans are hungry for companionship and money.Atlantic Ocean)
• FBI uncovers sophisticated AI-powered streaming royalty heist scheme by musicians to steal $10 millionAccording to the federal government, this is the first criminal case in the United States involving artificially inflated music streaming prices.Ars Technical)
• Google decides Beethoven resembles Mr Bean: Instead of a real portrait, Google shows you AI-generated garbage.Honest Broker)
• Justice Department: Russia targeted gamers, minorities with propaganda to influence 2024 electionNewly unsealed court documents have revealed unprecedented details of a campaign called the “Good Old USA Project” that Russian authorities believed could influence the U.S. election.Wired) Why right-wing podcasters fell prey to Russian propaganda: The Department of Justice has said that Tim Pool, Dave Rubin, Benny Johnson and others were unwitting Russian puppets.Vox)
• Dragons and sharks on a beach near you: The story of the great LEGO spillIn 1997, around 5 million LEGO bricks sank into the ocean and can still be found today off the coast of Britain, Ireland, Belgium, France and maybe even on your local beach.The New York Times)
Be sure to check out Business Masters next week. Mike WilsonChief U.S. Equity Strategist and Chief Investment Officer Morgan StanleyHe joined MS in 1989 as an investment banker and rose through the ranks to become the company's top strategy role, having previously served as a sales trader, head of North American content delivery and CIO of the Wealth Management group.
As the US becomes less reliant on imports from China, the EU is importing more.
sauce: Peterson Institute for International Economics
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