Jen W
@elladawg21.bsky.social
Tax attorney (estate/gift/GST), mom, runner, tax policy nerd
Reposted by Jen W
Media literacy is down, so to be clear, when the WSJ writes “Ultimately, the fact pattern Meta relies on to meet its conflicting objectives strains credibility” about your accounting practices and runs an accompanying flowchart, that is the equivalent of a 500-foot neon sign reading “FRAUD”
This feels like one of those stories you're going to look at a year from now and say to yourself, "Why didn't I move more of my portfolio into cash?" **
** (This post is for informational purposes only and should not be construed as financial or any other advice.)
🎁
www.wsj.com/tech/meta-ai...
** (This post is for informational purposes only and should not be construed as financial or any other advice.)
🎁
www.wsj.com/tech/meta-ai...
AI Meets Aggressive Accounting at Meta’s Gigantic New Data Center
Favorable treatment off the balance sheet hinges on some convenient assumptions.
www.wsj.com
November 24, 2025 at 1:18 PM
Media literacy is down, so to be clear, when the WSJ writes “Ultimately, the fact pattern Meta relies on to meet its conflicting objectives strains credibility” about your accounting practices and runs an accompanying flowchart, that is the equivalent of a 500-foot neon sign reading “FRAUD”
Reposted by Jen W
Gotta hand it to 'em, these are pretty cool
taskandpurpose.com/culture/navy...
taskandpurpose.com/culture/navy...
Naval Academy seniors learn their future jobs with a 'team jersey' reveal
Seniors at the Naval Academy found out what job they'll have after graduation with a custom 'team jersey' for each assigned field.
taskandpurpose.com
November 22, 2025 at 12:59 AM
Gotta hand it to 'em, these are pretty cool
taskandpurpose.com/culture/navy...
taskandpurpose.com/culture/navy...
Reposted by Jen W
Reposted by Jen W
WAPO: “.. Since 2000, political giving by the wealthiest 100 Americans to federal elections has gone up almost 140 times ..”
@washingtonpost.com #GildedAge 🥇
www.washingtonpost.com/politics/int...
@washingtonpost.com #GildedAge 🥇
www.washingtonpost.com/politics/int...
November 21, 2025 at 5:57 PM
WAPO: “.. Since 2000, political giving by the wealthiest 100 Americans to federal elections has gone up almost 140 times ..”
@washingtonpost.com #GildedAge 🥇
www.washingtonpost.com/politics/int...
@washingtonpost.com #GildedAge 🥇
www.washingtonpost.com/politics/int...
Reposted by Jen W
The AI buildout takes your water, electricity and jobs — but you DO get this. 🤡
@nypost.com
nypost.com/2025/11/21/b...
@nypost.com
nypost.com/2025/11/21/b...
November 21, 2025 at 6:05 PM
The AI buildout takes your water, electricity and jobs — but you DO get this. 🤡
@nypost.com
nypost.com/2025/11/21/b...
@nypost.com
nypost.com/2025/11/21/b...
Reposted by Jen W
We spent a year investigating billionaires for @washingtonpost.com.
We found: the wealthiest 100 Americans gave $1.1 billion to influence the 2024 elections — 140x more than they did in 2000. And almost all of that giving boosted Republicans.
washingtonpost.com/politics/int...
We found: the wealthiest 100 Americans gave $1.1 billion to influence the 2024 elections — 140x more than they did in 2000. And almost all of that giving boosted Republicans.
washingtonpost.com/politics/int...
November 21, 2025 at 2:56 PM
We spent a year investigating billionaires for @washingtonpost.com.
We found: the wealthiest 100 Americans gave $1.1 billion to influence the 2024 elections — 140x more than they did in 2000. And almost all of that giving boosted Republicans.
washingtonpost.com/politics/int...
We found: the wealthiest 100 Americans gave $1.1 billion to influence the 2024 elections — 140x more than they did in 2000. And almost all of that giving boosted Republicans.
washingtonpost.com/politics/int...
Reposted by Jen W
US sentiment remains dim, with consumers facing higher prices and weaker incomes
US sentiment remains dim, with consumers facing higher prices and weaker incomes
US consumer sentiment deteriorated slightly in November, according to the University of Michigan’s final reading of its survey of consumers.
yhoo.it
November 21, 2025 at 6:36 PM
US sentiment remains dim, with consumers facing higher prices and weaker incomes
Reposted by Jen W
The typical joke is that they don’t have a health care plan and they’ll never have one.
But they do and it passed last July: taking away four people’s health care to pay for a tax cut for one millionaire family.
But they do and it passed last July: taking away four people’s health care to pay for a tax cut for one millionaire family.
November 20, 2025 at 11:53 PM
The typical joke is that they don’t have a health care plan and they’ll never have one.
But they do and it passed last July: taking away four people’s health care to pay for a tax cut for one millionaire family.
But they do and it passed last July: taking away four people’s health care to pay for a tax cut for one millionaire family.
Reposted by Jen W
GOLDMAN DESK: ".. here’s my dead bottom line: it’s a bull market and the primary up trend remains intact ... so, I suspect S&P finishes 2025 higher than it stands today ... but, relative to the past three years of superb outcomes, I’m lowering my expectations for the year ahead." [Pasquariello]
November 21, 2025 at 1:37 PM
GOLDMAN DESK: ".. here’s my dead bottom line: it’s a bull market and the primary up trend remains intact ... so, I suspect S&P finishes 2025 higher than it stands today ... but, relative to the past three years of superb outcomes, I’m lowering my expectations for the year ahead." [Pasquariello]
Reposted by Jen W
Reposted by Jen W
Amazing.
1) @washingtonpost.com reported Thursday on a controversial policy downgrading how nooses and swastikas are labeled in the Coast Guard.
2) Admin officials attacked The Post, falsely alleging the reporting of "fake crap."
3) The CG said it would review policy language.
4) The CG reversed course.
2) Admin officials attacked The Post, falsely alleging the reporting of "fake crap."
3) The CG said it would review policy language.
4) The CG reversed course.
November 21, 2025 at 1:45 PM
Amazing.
Reposted by Jen W
⚡️ LAWSUIT: Tennessee parents sue to stop @GovBillLee’s private school vouchers handout for the rich, saying they “DRAIN FUNDS” from Tennessee’s public schools.
The VAST majority of kids who get the vouchers are already in private schools.
www.aclu-tn.org/press-releas...
The VAST majority of kids who get the vouchers are already in private schools.
www.aclu-tn.org/press-releas...
November 21, 2025 at 1:47 PM
⚡️ LAWSUIT: Tennessee parents sue to stop @GovBillLee’s private school vouchers handout for the rich, saying they “DRAIN FUNDS” from Tennessee’s public schools.
The VAST majority of kids who get the vouchers are already in private schools.
www.aclu-tn.org/press-releas...
The VAST majority of kids who get the vouchers are already in private schools.
www.aclu-tn.org/press-releas...
Reposted by Jen W
"The overwhelming sense I got from watching the president was just trying to count the number of lies, and I ran out of fingers and toes. He lied and said that prices are coming down. He lied when he said prices were at an all-time high under President Biden. They're at an all-time high right now."
November 21, 2025 at 1:51 PM
"The overwhelming sense I got from watching the president was just trying to count the number of lies, and I ran out of fingers and toes. He lied and said that prices are coming down. He lied when he said prices were at an all-time high under President Biden. They're at an all-time high right now."
Reposted by Jen W
Former U.S. Air Force Col. Robert Stirm, a POW during the Vietnam War known for the iconic "Burst of Joy" photo reuniting him with his family, has died in California.
Vietnam War POW Robert Stirm, seen in iconic 'Burst of Joy' photo with family, dies at 92
Former U.S. Air Force Col. Robert Stirm, a POW during the Vietnam War known for the iconic "Burst of Joy" photo reuniting him with his family, has died in California.
bit.ly
November 21, 2025 at 10:00 AM
Former U.S. Air Force Col. Robert Stirm, a POW during the Vietnam War known for the iconic "Burst of Joy" photo reuniting him with his family, has died in California.
Reposted by Jen W
A new piece for @thenation.com on everyone's favourite industry -- private equity; in conversation with one of the many new books on PE, by Megan Greenwell.
Here:
Here:
Can We Blame Private Equity for Everything?
Did PE firms make the world worse? Or was it something else?
www.thenation.com
November 20, 2025 at 11:32 AM
A new piece for @thenation.com on everyone's favourite industry -- private equity; in conversation with one of the many new books on PE, by Megan Greenwell.
Here:
Here:
Reposted by Jen W
🎯🎯Must read piece on how John Roberts created the conditions for Trump’s rise and has enabled his criminality at every turn by @pemalevy.bsky.social and @ariberman.bsky.social www.motherjones.com/politics/202...
This is all John Roberts’ fault
Trump owes his corrupt and abusive reign to one man.
www.motherjones.com
November 20, 2025 at 11:49 AM
🎯🎯Must read piece on how John Roberts created the conditions for Trump’s rise and has enabled his criminality at every turn by @pemalevy.bsky.social and @ariberman.bsky.social www.motherjones.com/politics/202...
Reposted by Jen W
Here you have Sec Lutnick as Commerce Secretary and his oldest son, Kyle Lutnick, involved in exactly the same AI data center deal. Dad as government official. Son as financial deal maker--earning the family-controlled company millions in fees. Both this summer.
November 20, 2025 at 12:14 PM
Here you have Sec Lutnick as Commerce Secretary and his oldest son, Kyle Lutnick, involved in exactly the same AI data center deal. Dad as government official. Son as financial deal maker--earning the family-controlled company millions in fees. Both this summer.
Reposted by Jen W
NAHB: “.. We continue to see demand-side weakness as a softening labor market and stretched consumer finances are contributing to a difficult sales environment.”
@axios.com $XHB
www.axios.com/newsletters/...
@axios.com $XHB
www.axios.com/newsletters/...
November 19, 2025 at 6:03 PM
NAHB: “.. We continue to see demand-side weakness as a softening labor market and stretched consumer finances are contributing to a difficult sales environment.”
@axios.com $XHB
www.axios.com/newsletters/...
@axios.com $XHB
www.axios.com/newsletters/...
Reposted by Jen W
This Harper’s pullout on media consolidation caught my attention from across the concourse. As I wrote last month, this might be in my top ten list of things to make sense of.
November 19, 2025 at 6:13 PM
Reposted by Jen W
A Ponzi schemer stole roughly $35M from dozens who believed they were investing in Covid-19 masks, baby formula, & first aid kits for Ukraine. trib.al/tqfJ6y4
For whatever reason, Trump decided to include him in the whopping 143-person pardon issued the day before he left office in 2021.
For whatever reason, Trump decided to include him in the whopping 143-person pardon issued the day before he left office in 2021.
November 19, 2025 at 6:03 PM
A Ponzi schemer stole roughly $35M from dozens who believed they were investing in Covid-19 masks, baby formula, & first aid kits for Ukraine. trib.al/tqfJ6y4
For whatever reason, Trump decided to include him in the whopping 143-person pardon issued the day before he left office in 2021.
For whatever reason, Trump decided to include him in the whopping 143-person pardon issued the day before he left office in 2021.
Reposted by Jen W
"We have a 2000s housing bubble level of financial engineering on top of a 1920s level of private unregulated lending on top of something bigger than a 1990s internet (or 1870s railroad) level of technology and infrastructure build-out. It’s one bubble to rule them all."
From the people who brought you the financial crisis, Theranos, and Juicero: say hello to data center financial engineering!
I'm pretty nervous about this ending badly, but everyone's dug in because AI is the only pulse in the economy.
prospect.org/2025/11/19/a...
I'm pretty nervous about this ending badly, but everyone's dug in because AI is the only pulse in the economy.
prospect.org/2025/11/19/a...
The AI Bubble Is Bigger Than You Think - The American Prospect
It’s not just OpenAI that looks overhyped. There’s a whole mountain of sketchy financial engineering underneath.
prospect.org
November 19, 2025 at 4:49 PM
"We have a 2000s housing bubble level of financial engineering on top of a 1920s level of private unregulated lending on top of something bigger than a 1990s internet (or 1870s railroad) level of technology and infrastructure build-out. It’s one bubble to rule them all."
Reposted by Jen W
The owner of the Three Mile Island nuclear plant has been awarded a $1 billion federal loan guarantee, enabling it to shift onto taxpayers some of the risk of its plan to restart the facility and sell the electricity to Microsoft for its data centers.
Trump officials give $1 billion loan to restart Three Mile Island
The plan to reopen Three Mile Island to supply Microsoft with power wins a federal loan guarantee, shifting onto taxpayers some of the risk.
wapo.st
November 19, 2025 at 10:00 AM
The owner of the Three Mile Island nuclear plant has been awarded a $1 billion federal loan guarantee, enabling it to shift onto taxpayers some of the risk of its plan to restart the facility and sell the electricity to Microsoft for its data centers.
Reposted by Jen W
BREAKING: Roger Federer has been elected to the International Tennis Hall of Fame in his first year of eligibility, the Rhode Island-based Hall announced.
Roger Federer elected to International Tennis Hall of Fame in 1st year of eligibility
Roger Federer has been elected to the International Tennis Hall of Fame in his first year of eligibility.
bit.ly
November 19, 2025 at 10:20 AM
BREAKING: Roger Federer has been elected to the International Tennis Hall of Fame in his first year of eligibility, the Rhode Island-based Hall announced.
Reposted by Jen W
The wealthiest 20% of US households account for 40% of total consumption GSAM
November 19, 2025 at 10:51 AM
The wealthiest 20% of US households account for 40% of total consumption GSAM
Reposted by Jen W
Top 10 US companies are worth $24.5 trillion, dominating the world equity market GSAM
November 19, 2025 at 10:52 AM
Top 10 US companies are worth $24.5 trillion, dominating the world equity market GSAM