Category: Investing and business
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CNBC interview with Sec. Bessent in Davos.
Good thing he’s Treasury Secretary. Very worth watching the whole interview. Killler line at about 2 minutes – “Since 1980 the US has spent 22 trillion dollars more on defense than the entire rest of NATO has.”
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CNBC: Tom Friedman on Venezuela, Trump & next steps
Friedman is skeptical that Venezuelan oil can be restarted without a change of regime, which he thinks will require boots on the ground. But see the NYT article below the video. Venezuela is not Libya and the new leader – Delcy Rodriguez – is super-ambitious and if it’s in her self interest to suddenly become…
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NYT: “U.S. Economic Growth Surged in Third Quarter of 2025”
It seems that my skepticism about tariffs was misplaced. The U.S. economy grew at a vigorous pace through the end of September, despite the uncertainty created by tariffs and widespread concerns about affordability among households. Economic growth rose at a 4.3 percent annual rate in the third quarter, the Commerce Department reported Tuesday, an acceleration…
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NYT: Why Both Republicans and Democrats Are Wrong About Health Care
If you want top quality healthcare – you can’t get it without someone paying – a lot. The cost goes up every year as more and more procedures and meds are developed. And professional staff is expensive – I have a young ICU nurse client in a major Westchester hospital. Not counting benefits her salary…
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Meet the Waltons – Walmart founder Sam Walton legacy
These videos are triggered by the fact that the current CEO of Walmart (who started stocking shelves in 1983) is retiring after a successful 11 year run. Walmart takes care of their employees and they are very loyal. That’s the first video – 7 minutes long. The second is how the Founder Sam Walton’s three…
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CNBC interview – she manages – through QTUM – some money for clients
And has doubled the S & P over past five years. It’s all about AI and quantum computing.
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Palantir CEO Alex Karp – the ultimate no BS business leader
Karp (I love the guy) defends Palantir and their government contracts and their support for Ukraine and Israel. His rapid fire speechifying goes for less then 4 minutes. Below the video is a simplified explanation of what Palantir does. The explanation of Palantir’s mission is from Perplexity AI. The question I asked perplexity is in…
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WSJ: Billionaire “Cash for Kids” donations going into 25 million children’s new “Trump Accounts”
This was part of the so called “Big Beautiful Bill”. And it is/was a great idea. Michael and Susan Dell plan to donate $6.25 billion to 25 million children for savings accounts. The founder of Dell Technologies and his wife will provide $250 for children age 10 or under who were born before Jan. 1,…
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The Pelosi investment Juggernaut!
The investment acumen of Nancy and her husband is truly something to behold. Here’s some data from Yahoo! Finance and The Times of London. And below the pictures, a NY Post article. Someone has actually created an app where you can track – and copy if you wish – what they are doing. No doubt…