Gas up 3 cents to $4.20 since posting this a few hours ago …
06.03.2026 20:18
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Gas up 3 cents to $4.20 since posting this a few hours ago …
A Costco app screenshot showing $4.169 per gallon for regular gas
Gas at the Lynnwood, WA Costco is now $4.17 per gallon, up 19% from late January according to my receipts in the app.
A humpback whale surfacing near the Arch of Cabo San Lucas
Watched humpbacks from the beach in Cabo today!
I drive ten minutes past a bunch of pharmacies to go to Costco because they’re the only ones that answer the damn phone.
Tweet by ABC News Chief Washington Correspondent Jonathan Karl @jonkarl In a lengthy phone interview, President Trump marveled at the success of the military operation against Iran and expressed no concern about what comes next. "I hope you are impressed," he said to me. "How do you like the performance? I mean, Venezuela is obvious. This might be even better. How do you like the performance?" I said _nobody questions the success of the military operation_, the concern is what happens next. "Forget about next," he answered. "They are decimated for a 10-year period before they could build it back." 3:26 PM · Mar 5, 2026 · 71.8K Views https://x.com/jonkarl/status/2029654727093325965
US journalism 🤩🫡
Graphic with text that reads, “New Press Release.” Graphic has a rendering of a microbe in the background along with the CIDRAP logo and website.
CIDRAP’s Vaccine Integrity Project launches an independent review of Tdap vaccine in pregnancy that will:
-Be independent & transparent
-Assess possible safety outcomes/effectiveness data
-Answer policy questions developed w/ medical professional societies
Full press release: ow.ly/Q2w250YpheT
And for Costco executive members, they’ll refund your membership upgrade fee if you don’t save at least that much over the course of a year!
Screenshot from this study: https://ips-dc.org/wp-content/uploads/2025/04/state_tax_policy_report.pdf
What did they find? Millionaires did not flee; the states actually saw an increase in the number of high‑net‑worth residents and generated additional revenue.
A photo of a toy car illuminating the security strip of a $50 bill with UV light.
Hey @cpsc.gov my 4-year-old kid’s toy car is emitting UV light. That’s a bad thing right?
I wonder how/if they address the 6PPDQ in the tires and prevent runoff into salmon streams? extension.wsu.edu/water/articl...
The USA's first war with Iraq happened when I was just old enough to be aware of the headlines and have question
Second round came as I was finishing college and entering adulthood, sorting out my place in the world
Now I have my own kids just old enough to see the headlines and have questions
Study finds ChatGPT Health did not recommend a hospital visit when medically necessary in more than half of cases. www.theguardian.com/technology/2...
This War Will Destabilize The Entire Mideast Region And Set Off A Global Shockwave Of Anti-Americanism vs. No It Won’t
I can't fucking believe we're doing this again.
It’s not over in Minnesota, a medtech lawyer says as he warns other device industry hubs to prepare for DHS, CBP and ICE: “Lots of our clients are used to having the FDA stop by … but not necessarily armed agents looking to grab their employees.” www.medicaldesignandoutsourcing.com/minnesota-me...
Tonight’s sunset over the Salish Sea from Edmonds WA
Rent is due in days and there's still a gap to meet the needs of immigrant families at our neighborhood school. Many can't access other assistance. If we raise $5000 by Friday, KeepMNHoused.com will match it. Double your money here (select "Folwell Community Fund"): www.givemn.org/story/folwel...
Can't fuckin' believe I'm doing this but here goes: Twitter is a mind prison, a true jail of career advancement. I stopped posting on there and within months I became the CEO of The Onion and I'm not kidding. Went back on last year, felt worse, then left again.
“I’m revising my hypothesis: No one just happened to be there. Epstein also didn’t pull people into his web and then corrupt them. The club existed. He fit right in.”
By @anamariecox.bsky.social 📌
newrepublic.com/article/2068...
This interview is a pleasure amid a dystopia. Also: Minnesota mentioned!
Lego minifigures out on the Stone Arch Bridge in Minneapolis protesting the ICE occupation of Minnesota.
For my Lego friends. If you want your own and also get to support a cause, Dan @ Brickmania has these available. (Well not all of these, just the torsos and signs)
www.brickmania.com/benefit-bric...
Absolutely wild. WSJ reporting that some OpenAI staffers thought the Tumbler Ridge shooter's use of ChatGPT raised the potential of real world violence but leadership decided not to alert RCMP. www.wsj.com/us-news/law/...
So where do we get a refund for the tariffs we’ve paid?
I hope you have a great time!
We spent $200 for a Disney trip planner and I can’t recommend them enough. They scheduled airport pickups and dropoffs with car seats, stroller rental delivery, advice on which passes to buy and how to see and do everything we wanted with daily itineraries: theenchantedtraveler.com
I miss when you could post Brave Norman Rockwell Townsperson and the caption could be, like, “R.E.M was wrong to leave ‘Fretless’ off of Out of Time” instead of “The secret police should stop murdering people.”
The pace at which US wealth concentration is rising is simply staggering
The concentration of AI wealth into the hands of a few tech barons + plutocratic capture ==> unchartered territory
Clouds over still waters of Lake Chelan
Lake Chelan this morning
Reminder: @bradtabke.bsky.social is a Minnesota legislator from a district so purple our legislature stopped for weeks while GOP tried to steal his seat YET helped organize legal observers AND confronted ICE to protect residents (many ineligible to vote for him) AND helped stop a concentration camp
If Non-OpenAI/Anthropic AI Compute Isn’t A $100 Billion A Year Business By 2028, 75%+ Of AI Data Centers Will Go Under I realize this sounds dramatic, but hear me out. If we assume a comparable amount of US-based data center deals happen in 2026, that means that we’re going to need at least $80 billion in annual compute business to make any of it make sense. I realize that somebody could say that Anthropic, OpenAI and hyperscalers are spending $X on compute, but remember: hyperscalers are spending nearly $700 billion in the next year, and while some of that $178.5 billion in debt may be considered theirs, the vast majority of it is likely from independent developers hoping to scoop up some of the revenue from the “insatiable demand for AI compute.” What’s truly insatiable is AI’s appetite for debt. AI is so expensive to build for that it necessitates massive amounts of upfront capital, and because most AI data centers are being built by either brand new entities or cryptocurrency miners attempting to move onto their next grift, the debt is often high-interest, and gosh darn do these motherfuckers need a lot of it. There are also blatantly obvious signs that the demand doesn’t exist, the most glaring being that NVIDIA has pledged $26 billion of its own money to pay its customers to rent back its GPUs per its last earnings: Multi-year cloud service agreement commitments as of October 26, 2025, were $26 billion for which $1 billion, $6 billion, $6 billion, $5 billion, $4 billion, and $4 billion will be paid in fiscal years 2026 (fourth quarter), 2027, 2028, 2029, 2030, and 2031 & thereafter, respectively. Some cloud service capacity may be reduced, terminated or sold to others by the CSPs, in which case our commitments will be reduced. We expect cloud service agreements to be used to support our research and development efforts and DGX Cloud offerings. NVIDIA is also planning to lease 200MW of data center capacity funded entirely by junk bonds, for some reason. …
Why AI Data Centers Are So Uniquely Unstable So, why hasn’t this been a problem in the past? Scale: in the past, data centers were way, way smaller. It was a big deal back in 2023 when Applied Digital vowed to build a 5MW data center that would have 300 GPUs, and likely a lot cheaper to build. Up-Front Cost For Critical IT: building an AI data center is a fucking nightmare for your balance sheet, as you need thousands of GPUs that each cost $50,000 or more and require massive server racks, networking and all sorts of other crap to make them run, and when they finally turn on, revenues have to fill a massive hole. Up-Front Cost For Construction, Power and Cooling: All of that specialized GPU compute requires a bunch of specialized cooling and infrastructure, as well as way, way more power. They Take Years To Build: Depending on the data center, construction can take anywhere from a year to three years. Stargate Abilene started construction in 2024, and won’t be finished until 2027 at the earliest. All of these factors create massive, impossible-to-avoid charges up front, which requires massive debt to fund them, followed by onerous construction timelines, at which point these data centers better have a fucking customer, or they’re absolutely quad-fucked.
The Money Does Not Exist To Make AI Data Centers Make Sense So, one clapback against this piece is to suggest that OpenAI and Anthropic will combine to spend over $550 billion by 2030, and my answer there is “how?” You see, neither company can actually afford to pay that much, and thus rely on a near-constant flume of venture capital to the point that new rounds require a fucking We Are The World telethon to get done. Anthropic’s $30 billion round had thirty seven different investors, which heavily suggests we’re hitting the limits of what venture capital, private equity and even hyperscalers can afford to fund these companies. And to be clear, even with an IPO, neither of these companies can afford to pay their current commitments, and both of these companies are the only entities using large amounts of compute. Anthropic needed that money less than five months after it raised $13 billion! OpenAI is already trying to raise another $100 billion despite receiving $22.5 billion from SoftBank less than two months ago! And really, where’s the rest of the demand? Because unless the AI compute industry is going to 10x in the next 12 months, the demand does not exist! If the argument is that AI startups will want to rent these GPUs directly, then I simply must ask where that money is coming from, because they’re all unprofitable too? Tell me: what happens when the majority of this data center debt goes tits up? That’s the scenario we’re setting up for.
How The Chain Of Pain Breaks The Back Of The Data Center Boom There are really two scenarios here: either there’s a massive, unbelievable surge of AI demand that floods AI data centers with tens of billions of dollars of revenue in the next year, or the majority of data center debt deals are left unpaid. Regardless, the raw economics of the AI data center boom are horrendous. Even in the best-case scenario, with guaranteed tenancy for years, these data centers are so debt-dependent and drenched in depreciation, opex and maintenance that even the most meager margins are hard to attain. Even if you believe that every data center occupant will be timely with its payments, my model shows that even the slightest push or delay can send costs spiralling out of control, and any failure by OpenAI or CoreWeave will likely create a cascade effect, choking off any potential new data center deals and breeding anxiety in the hearts of those who have already issued them. CoreWeave is likely the first domino to fall, and when it does so, it’ll rip a hole in Applied Digital’s balance sheet, and potentially kill Core Scientific, a company with a negative 46.7% operating margin who counts CoreWeave as its largest customer. AI data centers cost too much to build and by extension require too much debt. Their margins stink, their customers are all either compute-curious hedge funds or unprofitable startups, and - I don’t say this lightly - rely on a near-distant future where $50 billion to $100 billion of AI compute spend pops up effectively overnight. And then there’s Oracle, who has tied itself to a billion-dollar failson in OpenAI. Even if it can get the lousy 30.9% margins I believe it’s making on Stargate Abilene, the costs associated with building, maintaining and running it are likely to swallow either Oracle or Crusoe whole far before the completion of the data center. Oracle can try and cover the losses by selling more shares and raising more debt, but at some point it…
Tomorrow's Premium: The Great Data Center Financial Crisis, where 20-40% margins are only possible after years of construction and billions in debt, and if we don't have $100bn in demand by 2028, everything's a wash.
Here's $10 off annual.
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Moderna curbing investments in vaccine trials due to US backlash, CEO tells Bloomberg TV reut.rs/3NBzBtS