The future won’t wait for you.

@TFTC21

Workday users were locked out of their pay information on Friday after an issue surfaced during a test of its backup systems. The same day, the FAA grounded flights nationwide for more than four hours. Both causes were ordinary ones. • Workday: employees couldn't sign in, check pay or request time off, and there was no restoration estimate as of Friday afternoon • Workday says the issue surfaced during the backup test and left some data in an "inconsistent state" • FAA ground stop ran from 3:54 p.m. ET to about 8:15 p.m. ET over communication issues at multiple air route traffic control centers • More than 10,000 flights were disrupted, with cancellations expected into the weekend • Sean Duffy: switches and routers were overloaded and shut down when they began providing inconsistent data • Homeland Security Secretary Markwayne Mullin called it "just a telecommunications outage" Two outages in one day, and both explanations are failures of ordinary plumbing. Duffy also warned more disruptions are likely if funding for FAA upgrades doesn't come through. Pay and air travel both depend on systems that a single failure can take down. Who answers for it when the backup is what breaks?

@TFTC21

Why does everyone you know suddenly have to be a real estate investor? Saifedean Ammous says the cost of houses in terms of labor went down for thousands of years, then reversed around 1914 when "we shift to an inflationary currency," and again after the 1970s.

@TFTC21

Cognizant is cutting jobs and growing at the same time, and Iowa is handing it the work of about 200 state IT employees. Headcount is up 10,100 in a year to 359,900, even as the company books millions in layoff costs. So who is getting hired, and who is getting let go? • Total headcount was 359,900 at the end of September, up 10,100 year over year • Project Leap charges hit $51M in Q3, including $46M for employee separation • The company lowered its total Project Leap cost estimate to $180M-$250M from $230M-$320M • It expects about $200M in savings in 2026 • Iowa announced in June that it would move executive-branch IT work to Cognizant Government Solutions and AWS, with about 200 state IT workers to be laid off • The state projects more than $525M in savings over 10 years The work leaves the state's payroll and goes to a contractor, and the savings show up as a line in a press release. Cheaper on paper for the state, sure. Ten years is a long time to wait to find out if the projection was real.

@TFTC21

Trump is set to attend the APEC summit in Shenzhen on Nov 18-19, and the South China Morning Post says Elon Musk and Mastercard's Michael Miebach are expected in the delegation. Payments and cars, with Beijing hosting. Worth watching what comes out of it.

@TFTC21

Ex-Anthropic pretraining researcher Jacob Coxon says one slide from the company's IPO roadshow was a big factor in his decision to leave. He says it plots pretraining compute efficiency on a log scale, with the line still bending upward: "superexponential algorithmic progress."

@TFTC21

The FAA just grounded every departing flight in America over a telecom outage. It's only the second nationwide ground stop since 9/11. At 3:54 PM ET the FAA Command Center ordered all U.S. airports ground stopped "due to extraordinary circumstances and for reasons of safety." The FAA blames a "temporary telecommunications outage" at the Air Route Traffic Control Centers, the 22 facilities that handle every flight above 18,000 feet. The fallout so far: • 11,000 flights were scheduled to leave U.S. airports after 4 PM ET (Cirium) • Nearly 7,000 delayed or canceled (FlightAware) • About 1,000 airborne flights headed for U.S. airports at 6 PM ET, vs 4,500+ at the same time last week (Flightradar24) • Canada is metering traffic at Toronto, Montreal, Calgary and Vancouver • The stop is set to run until 11 PM ET DHS Secretary Markwayne Mullin says there is "no indication as of yet" of an attack, and that they are "not ruling out anything at this point." The last one was January 2023, when the NOTAM system failed and departures paused for under two hours. This one is scheduled for seven. Congress gave the FAA $12.5 billion last year to replace this system. A little over two hours before it went down, the FAA was celebrating controllers in Cincinnati switching from paper flight strips to electronic ones.

@TFTC21

Starting Dec 14, public housing and Section 8 tenants get checked against a DHS database, and every family member signs a consent form. HUD Secretary Scott Turner says it closes a "decades-old loophole." Mixed-status families get temporary aid while it runs.

@TFTC21

The FAA has ordered every airport in the US ground stopped "due to extraordinary circumstances and for reasons of safety." Departures stay grounded until further notice. Transportation Secretary Sean Duffy blames a communication issue at air traffic control centers.

@TFTC21

Spot bitcoin ETFs were up about $1.01 billion for 2026 on Oct. 29. Today they're down roughly $1.5 billion, and bitcoin has slipped below $70,000, its lowest since August. Where did the buyers go? • Oct. 30, $643.3M of net outflows in a single day • Nov. 2 to 6, $1.28 billion of net outflows • Nov. 11, $299.8M out and the fifth straight negative session, with BlackRock's IBIT at $269.7M • The five-session streak through Nov. 11 totaled about $1.44 billion If the year ends here, 2026 becomes the first negative year for these funds since they launched in January 2024, and IBIT is where most of the Nov. 11 selling showed up. Institutions were supposed to be the permanent hands, and they're the first ones out the door when the price slides. Always remember, you don't own the bitcoin unless you control the keys.

@TFTC21

In a North Korean scheme the FBI calls FaceStealer, victims were invited to video calls by hijacked accounts of people they knew and shown prerecorded webcam footage of them. The FBI just seized cloud infrastructure, including more than 900 webcam videos of victims.

@TFTC21

Coinbase CEO Brian Armstrong and World Liberty Financial are named in a roughly 180-page oversight blueprint from the progressive Groundwork Collaborative, drawn up for possible Democratic investigations. It is not an official plan, and no hearings or witnesses are scheduled.

@TFTC21

Governments ask for more access while the record on results stays thin. The Commoner covers it plainly. Bitcoin, macro, AI, and freedom tech. Every weekday, free. Sign up for The Commoner: tftc.io/commoner

@TFTC21

Workday users were locked out of their pay information on Friday after an issue surfaced during a test of its backup systems. The same day, the FAA grounded flights nationwide for more than four hours. Both causes were ordinary ones. • Workday: employees couldn't sign in, check pay or request time off, and there was no restoration estimate as of Friday afternoon • Workday says the issue surfaced during the backup test and left some data in an "inconsistent state" • FAA ground stop ran from 3:54 p.m. ET to about 8:15 p.m. ET over communication issues at multiple air route traffic control centers • More than 10,000 flights were disrupted, with cancellations expected into the weekend • Sean Duffy: switches and routers were overloaded and shut down when they began providing inconsistent data • Homeland Security Secretary Markwayne Mullin called it "just a telecommunications outage" Two outages in one day, and both explanations are failures of ordinary plumbing. Duffy also warned more disruptions are likely if funding for FAA upgrades doesn't come through. Pay and air travel both depend on systems that a single failure can take down. Who answers for it when the backup is what breaks?

@TFTC21

Why does everyone you know suddenly have to be a real estate investor? Saifedean Ammous says the cost of houses in terms of labor went down for thousands of years, then reversed around 1914 when "we shift to an inflationary currency," and again after the 1970s.

@TFTC21

Cognizant is cutting jobs and growing at the same time, and Iowa is handing it the work of about 200 state IT employees. Headcount is up 10,100 in a year to 359,900, even as the company books millions in layoff costs. So who is getting hired, and who is getting let go? • Total headcount was 359,900 at the end of September, up 10,100 year over year • Project Leap charges hit $51M in Q3, including $46M for employee separation • The company lowered its total Project Leap cost estimate to $180M-$250M from $230M-$320M • It expects about $200M in savings in 2026 • Iowa announced in June that it would move executive-branch IT work to Cognizant Government Solutions and AWS, with about 200 state IT workers to be laid off • The state projects more than $525M in savings over 10 years The work leaves the state's payroll and goes to a contractor, and the savings show up as a line in a press release. Cheaper on paper for the state, sure. Ten years is a long time to wait to find out if the projection was real.

@TFTC21

Trump is set to attend the APEC summit in Shenzhen on Nov 18-19, and the South China Morning Post says Elon Musk and Mastercard's Michael Miebach are expected in the delegation. Payments and cars, with Beijing hosting. Worth watching what comes out of it.

@TFTC21

Ex-Anthropic pretraining researcher Jacob Coxon says one slide from the company's IPO roadshow was a big factor in his decision to leave. He says it plots pretraining compute efficiency on a log scale, with the line still bending upward: "superexponential algorithmic progress."

@TFTC21

The FAA just grounded every departing flight in America over a telecom outage. It's only the second nationwide ground stop since 9/11. At 3:54 PM ET the FAA Command Center ordered all U.S. airports ground stopped "due to extraordinary circumstances and for reasons of safety." The FAA blames a "temporary telecommunications outage" at the Air Route Traffic Control Centers, the 22 facilities that handle every flight above 18,000 feet. The fallout so far: • 11,000 flights were scheduled to leave U.S. airports after 4 PM ET (Cirium) • Nearly 7,000 delayed or canceled (FlightAware) • About 1,000 airborne flights headed for U.S. airports at 6 PM ET, vs 4,500+ at the same time last week (Flightradar24) • Canada is metering traffic at Toronto, Montreal, Calgary and Vancouver • The stop is set to run until 11 PM ET DHS Secretary Markwayne Mullin says there is "no indication as of yet" of an attack, and that they are "not ruling out anything at this point." The last one was January 2023, when the NOTAM system failed and departures paused for under two hours. This one is scheduled for seven. Congress gave the FAA $12.5 billion last year to replace this system. A little over two hours before it went down, the FAA was celebrating controllers in Cincinnati switching from paper flight strips to electronic ones.

@TFTC21

Starting Dec 14, public housing and Section 8 tenants get checked against a DHS database, and every family member signs a consent form. HUD Secretary Scott Turner says it closes a "decades-old loophole." Mixed-status families get temporary aid while it runs.

@TFTC21

The FAA has ordered every airport in the US ground stopped "due to extraordinary circumstances and for reasons of safety." Departures stay grounded until further notice. Transportation Secretary Sean Duffy blames a communication issue at air traffic control centers.

@TFTC21

Spot bitcoin ETFs were up about $1.01 billion for 2026 on Oct. 29. Today they're down roughly $1.5 billion, and bitcoin has slipped below $70,000, its lowest since August. Where did the buyers go? • Oct. 30, $643.3M of net outflows in a single day • Nov. 2 to 6, $1.28 billion of net outflows • Nov. 11, $299.8M out and the fifth straight negative session, with BlackRock's IBIT at $269.7M • The five-session streak through Nov. 11 totaled about $1.44 billion If the year ends here, 2026 becomes the first negative year for these funds since they launched in January 2024, and IBIT is where most of the Nov. 11 selling showed up. Institutions were supposed to be the permanent hands, and they're the first ones out the door when the price slides. Always remember, you don't own the bitcoin unless you control the keys.

@TFTC21

In a North Korean scheme the FBI calls FaceStealer, victims were invited to video calls by hijacked accounts of people they knew and shown prerecorded webcam footage of them. The FBI just seized cloud infrastructure, including more than 900 webcam videos of victims.

@TFTC21

Coinbase CEO Brian Armstrong and World Liberty Financial are named in a roughly 180-page oversight blueprint from the progressive Groundwork Collaborative, drawn up for possible Democratic investigations. It is not an official plan, and no hearings or witnesses are scheduled.

@TFTC21

Governments ask for more access while the record on results stays thin. The Commoner covers it plainly. Bitcoin, macro, AI, and freedom tech. Every weekday, free. Sign up for The Commoner: tftc.io/commoner