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Interest on US debt is a top driver of future deficits, as past borrowing overwhelms fiscal outlook - Fortune
“In a ‘Fiscal Dominance’ regime, the Fed’s ability to aggressively hike rates to curb inflation is constrained, as doing so risks a fiscal or financial crisis.”
I was in the room for Warren Buffett's surprise interview. The mood swung from excited to grim, then hopeful. - Business Insider
Warren Buffett called out unprecedented amounts of “gambling” in markets, and sounded the alarm on deepfakes and nuclear weapons.
Greg Abel’s message to Berkshire shareholders, post-Buffett: be patient - Financial Times
New CEO ‘not anxious to deploy capital into subpar opportunities’ as he picks up baton from legendary predecessor
Meta’s historic loss in court could cost a lot more than $375 million - The Verge
New Mexico kicks off its public nuisance trial against Meta on Monday, arguing for changes to its business to better protect kids in the state.
AI threatens Big Law's talent pipeline - Axios
Who trains lawyers in the AI era?
Could pied-à-terre tax find its way upstate? At least one New York legislator hopes so. - Gothamist
State Sen. Pat Fahy wants to allow other local governments to opt into the pied-à-terre tax.