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Reposted by Lenore Palladino

Governor JB Pritzker @govpritzker.illinois.gov · 4h

If you come for my people, you come through me.

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Hamilton Nolan @hamiltonnolan.bsky.social · 2h

This sucks! These workers fought their asses off. Shout out to @reiunion.bsky.social

southpaw @nycsouthpaw.bsky.social · 5h

REI to close its soho location, the first shop that unionized. www.bicycleretailer.com/industry-new...

REI to close three stores, including NYC SoHo location

SEATTLE (BRAIN) — A week after announcing a strategic plan to employees that would involve difficult decisions to grow sales, REI Co-op said it will close three stores next year, including the New Yor...

www.bicycleretailer.com

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Lenore Palladino @lenorepalladino.bsky.social · 1h

it's everything everywhere all at once in this story

Axios @axios.com · 2h

Federal authorities in L.A. arrested a man they accused of igniting January's Palisades wildfires, and prosecutors say he used ChatGPT to confide an obsession with fires and indulge it.

Prosecutors arrest man for Palisades fire, allege he used ChatGPT for planning

ChatGPT tied to Uber driver accused in deadly L.A. wildfire

trib.al

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Jim Kane @kanejim.bsky.social · 5h

"Big Ten Considering Investment From California Pension Fund" 🫣

frontofficesports.com/big-ten-cons...

Three private-equity firms are in contention, the source said: Apollo Global Management (which just launched a sports-focused fund), Sixth Street Partners, and Ares Management (Sports Illustrated first reported the news of the latter three funds’ interest).

Then, there’s CalPERS, a statewide pension fund for California public employees that manages more than $580 billion in assets for more than two million members. The fund, the largest public pension in the U.S., has about 18% of its assets allocated to private equity.

The proposal may include CalPERS investing in the Big Ten as a co-investment alongside any or all of the aforementioned PE firms. (In such a deal, CalPERS would invest in the Big Ten entity alongside a PE firm for a minority stake and less control and lower fees.)

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George Pearkes @peark.es · 5h

Chucky has sauces inside Paramount Skydance, which is not at all surprising.

Anyhow, they're looking to get PE involved in the WBD bid.

Exclusive | Paramount Skydance talking to Apollo, buyout firms to join possible $60B Warner Bros. Discovery bid: sources

“These companies bring a lot to the table since they own stakes in Hollywood properties and have a lot of money,” said one source.

nypost.com

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Private Equity Stakeholder Project @pestakeholder.bsky.social · 5h

What happens when BlackRock takes control of your power company?

James Baratta gives an inside look at the private-equity takeover of a vital Minnesota utility—and what it means for communities and clean energy.

🔗 prospect.org/environment/...

BlackRock Just Bought a Minnesota Utility

On Friday, state regulators voted unanimously in favor of allowing private equity to take a Duluth-based utility holding company private. The Prospect takes you inside the room where it all went down.

prospect.org

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Sanjukta Kwame Paul LT @sanjukta.bsky.social · 19h

David (whom many of us know, to various degrees) describing his experience being singled out and abused over the last couple of days. Horrific.

Prem Thakker ツ @premthakker.bsky.social · 1d

NEW: David Adler—a Jewish American on the Gaza aid Flotilla—details Israeli detention.

At one point, he says, he was forced to his knees for a photo op with the Israeli flag, as Ben Gvir yelled in his face, calling him a terrorist.

Says US "hung up" on families of Americans, veterans seeking help.

EXCLUSIVE: Freed Flotilla Activist David Adler Details His ‘Violent Abduction’ by Israel

The Jewish American writer says Israeli minister Itamar Ben-Gvir specifically targeted him, forcing a photo op with the Israeli flag and calling him a “terrorist.”

zeteo.com

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Victor Ray @victorerikray.bsky.social · 11h

Dutch merchant in 1647: “Yes I've sold my land for a handful of bulbs, but there is nothing especially alarming about price of tulips.”

Bloomberg Opinion @opinion.bloomberg.com · 12h

Is AI a bubble about to burst, bringing down the economy? Although the spending is massive, at this point there’s nothing especially alarming.

The AI Spending Boom Is Massive But Not Unprecedented

The boom in capital expenditures related to generative artificial intelligence is generating lots of questions about whether it is sustainable. Coming up with definitive answers to them is something of a fool’s errand. Quantifying the size of the capex surge seems like a more productive endeavor — and one that may offer some hints as to its sustainability.

bloom.bg

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Lenore Palladino @lenorepalladino.bsky.social · 8h

saving this one

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Lenore Palladino @lenorepalladino.bsky.social · 8h

so unregulated finance is *very* important but not *systemically* important

make it make sense

www.bloomberg.com/news/article...

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Bryce Covert @brycecovert.bsky.social · 9h

As pensions have disappeared, Americans are on the hook to find ways to create a comfortable retirement. Advisors who aren't required to act in their clients' best interests are preying on the opportunity, and Trump is likely to let them keep scamming retirees. inthesetimes.com/article/unle...

Unleashing Retirement Scammers

The Trump administration may reopen a loophole that allows investment brokers to enrich themselves at clients' expense.

inthesetimes.com

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Lenore Palladino @lenorepalladino.bsky.social · 1d

also let it be clear that this is the type of deal that the Tr*mp admin just told us should go into the $12 trillion 401(k) market

aka that account that is supposed to give workers a marginal cushion of economic security

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Lenore Palladino @lenorepalladino.bsky.social · 1d

it's amazing how passive writers make it sound when things turn out to not be what the company said they were:

"The company, whose fortunes unraveled in recent weeks as it grappled with a debt pile from a flurry of acquisitions over the past few years"

www.reuters.com/markets/us/a...

www.reuters.com

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Lenore Palladino @lenorepalladino.bsky.social · 1d

unregulated finance, in this case private credit funds, is hiding all its activities in the dark & we're going to see more and more issues come to light

it's deeply connected with both banks and pension funds

peri.umass.edu/publication/...

The Risks of Unregulated “Private” Credit Funds

Abstract The “private” financial industry—which contains financial instruments not traded on open exchanges and financial institutions that are underregulated—is no longer an ‘alternative’…

peri.umass.edu

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Lenore Palladino @lenorepalladino.bsky.social · 1d

well well well, all that private credit due diligence not looking so great now, is it

the implosion of First Brands is raising "broader questions about the dangers lurking in the booming private credit market" 🧵

on.ft.com/48pSHf3

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Lenore Palladino @lenorepalladino.bsky.social · 1d

same .. I stare longingly at the unhedged link sometimes

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Todd Tucker @toddntucker.com · 1d

Another difference from other deals - the US government gets a board seat.

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Luke Herrine @lookheron.bsky.social · 1d

Just want to make some deals, Mr President

Debt Collective 🟥 @debtcollective.bsky.social · 1d

Now: Debt Collective Raises Hand to Purchase Chunk of Federal Government Student Debt Portfolio

The Debt Collective has purchased billions in household debt over the past decade

WASHINGTON, D.C. — Today, after a new POLITICO report that the Trump administration is “exploring options to sell off parts of the federal government’s $1.6 trillion student loan portfolio to the private market,” the Debt Collective is announcing its willingness to purchase the entire portfolio for its true market value. The Debt Collective will then subsequently cancel the debt.

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Jeremy Wallace @jeremywallace.bsky.social · 1d

There's always a grift.

"US shares of Trilogy were trading at about $7.40 at 8:47 a.m. in New York pre-market hours, more than triple Monday’s closing price. Billionaire John Paulson is a top shareholder in Trilogy"

www.bloomberg.com/news/article...

US to Take 10% of Trilogy Metals to Unlock Alaskan Minerals

The US said it will take a 10% stake in Canadian minerals explorer Trilogy Metals Inc. as part of a $35.6 million investment to secure critical energy and mining projects in Alaska.

www.bloomberg.com

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Luke Herrine @lookheron.bsky.social · 2d

Keep this guy talking. Incredibly charismatic and inspiring. Great message discipline

Matthew Stiegler @matthewstiegler.bsky.social · 2d

❗❗❗

Stephen Miller: "It's simply a factually accurate statement that when a judge assumes for him- or herself the powers that have been relegated or delegated by the Constitution to the president, that that is a form of illegal insurrection." ...

Aaron Rupar @atrupar.com · 2d

Q: You called the judge's ruling 'legal insurrection.' Are you recommending the president take action against judges who rule against him?

STEPHEN MILLER: No. It's simply a factually accurate statement

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isaac @sevier.io · 2d

So often planning and building relationships ships falls by the wayside, or maybe worse, is restricted to only the people and organizations wealthy enough to afford it already. But we cannot win without everyone at the new table we are building, which is why it's zero cost for all these organizers.

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isaac @sevier.io · 2d

We are just $777 away from meeting our goal of covering all of the travel costs for grassroots organizers across the country to meet and think through the national strategy for taking back our grid and demanding electricity for all! Our movement is strong and growing stronger ever. single. day. 🥳

isaac @sevier.io · 5d

can you make a monthly donation? our average donor like you has signed up to give $5/month to support the public power movement. some incredible fundraising volunteers have gotten us $1688 from our goal, and i know we could close this gap today. here's what your money is paying for directly:

Donate to Public Grids

Donate to Public Grids. Your contribution will be tax-deductible.

hcb.hackclub.com

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Aaron Reichlin-Melnick @reichlinmelnick.bsky.social · 2d

Things that it is permissible to deadname:

- The Department of Defense
- Twitter

Adam Klasfeld @klasfeldreports.com · 2d

This footnote to Illinois and Chicago's lawsuit against Trump is an important reminder:

* There is no Department of War or Secretary of War, which are make-believe names for the actual agencies created by Congress.

Doc storage.courtlistener.com/recap/gov.us...

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AAUP @aaup.org · 2d

Danny Shaw, formerly a professor at John Jay College, reveals that he was fired after being targeted by the ADL, StopAntiSemitism, and Canary Mission. He explains how these organizations orchestrated a doxxing campaign land attempted to discredit his scholarship due to his advocacy for Palestine.

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Dave Karpf @davekarpf.bsky.social · 2d

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