Within a span of four trading days at the end of July, three things happened in sequence. A senior strategist at Citadel Securities publicly argued that the Federal Reserve should surprise markets with an interest rate increase. The Federal Reserve declined to do so. And Citadel — the hedge fund founded by the same man, Ken Griffin — acquired the...
August 3, 2026
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Musk’s Quiet $1 Billion Bet on Power
Introduction Elon Musk has acquired the assets of APR Energy, a Jacksonville, Florida company that deploys trailer-mounted gas turbines on accelerated timelines. Neither Musk nor APR announced the transaction. It surfaced instead through two regulatory filings — a Federal Trade Commission early termination notice dated May 14, 2026, and a Securities and Exchange Commission disclosure from a minority stakeholder filed...
The Idea Congress Killed in 2003 Is Now a Private Market Worth Billions
Introduction On July 29, 2003, two U.S. senators walked into a press conference and ended a Pentagon research program in a single news cycle. The program, called the Policy Analysis Market, would have let a small pool of registered traders buy and sell contracts on political and economic events in the Middle East. Within about 24 hours of the press...
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A Rate-Hike Call, a Margin Call, and a $16 Billion Block Trade: What the Citadel–Situational Awareness Timeline Does and Does Not Show
Within a span of four trading days at the end of July, three things happened in sequence. A senior strategist...
Musk’s Quiet $1 Billion Bet on Power
Introduction Elon Musk has acquired the assets of APR Energy, a Jacksonville, Florida company that deploys trailer-mounted gas turbines on...
The Idea Congress Killed in 2003 Is Now a Private Market Worth Billions
Introduction On July 29, 2003, two U.S. senators walked into a press conference and ended a Pentagon research program in...
97 Days to the Midterms: The Senate and House Primaries That Haven’t Happened Yet
Introduction Ninety-nine days remain before the November 3 general election, and the ballot voters will see in most of the...
A Socialist Program Meets Article V: What Would Actually Have to Happen
Introduction On Sunday, July 26, Democratic Socialists of America national co-chair Megan Romer sat for a rapid true-or-false round with...
Cities Are Dropping Flock’s Cameras. Many Are Replacing Them With Axon’s.
Intro City councils from Syracuse to Denver have spent the past year voting down contracts with Flock Safety, the Atlanta...
No Terms of Service for Your Face: The Constitution Never Wrote Down a Right to Privacy, and Data Intelligence Found the Gap
Consumers understand the bargain they strike with Verizon, Google and Alexa. No equivalent agreement exists between a driver and a...
While Antisemitism Grows, Churches Are Burning — and Barely Anyone Is Watching
There is a fire spreading through New York City’s houses of worship, and most of the country has not noticed....