Independent media since 2017

The future won’t wait for you.

The Commoner by Marty Bent. Money, markets, AI, energy and privacy, every weekday.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.

@TFTC21@TFTC21

"you're buying the insurance after the fact when you need it most desperately" @MartyBent and @JohnArnoldTen31 on the brutal hedge fund blowout and record put buying.

@TFTC21@TFTC21

Mississippi's Senate seat is hanging on 2,607 votes, a 0.27 point margin, and the state has no automatic recount. Democrat Scott Colom leads Sen. Cindy Hyde-Smith with about 97% counted, and the fight now moves to the affidavit ballots. • Colom was ahead by 2,607 out of 953,547 votes counted as of 4:30 p.m. ET Tuesday, CNBC reports, with the figures coming from the Associated Press • Two deadlines hit Nov. 10, one for resolving affidavit ballots and one for mail-in absentees, which had to be postmarked by Election Day and arrive within five business days • An earlier tally had independent Ty Pinkins at 20,038 votes, about 2.1%, many times the gap between the two leaders • County officials have until Friday, Nov. 13 to certify • Hyde-Smith's legal team sent all 82 counties a letter demanding that affidavit ballots be separated and preserved, and Colom's campaign called it an "unlawful attack on voter privacy" A margin this thin comes down to how the leftover ballots are handled and who gets to look at them. With no automatic recount, a court order is the only way anyone gets a second count. If the count is going to be trusted, every step of it should be something people can check for themselves. Don't trust, verify applies to elections too.

@TFTC21@TFTC21

"then you kind of start looking down the barrel of something that looks a lot more like this again, right?" @JohnArnoldTen31 on how a stalled AI build out leads back to debasement.

@TFTC21@TFTC21

"That's clearly created a lot of crowding out for capital" @JohnArnoldTen31 on why AI is crowding capital out of Bitcoin.

@TFTC21@TFTC21

OpenAI made about $10 billion last quarter, The Information reports. Anthropic's amended IPO filing shows about $17 billion for the same quarter. One side put its number in a filing. The other has anonymous sources.

@TFTC21@TFTC21

Comcast's layoff filings add up to 994 jobs, and the company says that is not all of them. Some cuts fall below the size that triggers a filing, so they never show up. Comcast has not given a total. • 634 jobs in Pennsylvania, 159 in Washington, 119 in New Jersey, 82 in California • Comcast told Bloomberg some cuts fell below the filing threshold • A fourth quarter charge of more than $1 billion for the restructuring • 144,000 domestic residential broadband customers lost in the third quarter • More than 1,100 new roles planned, over 500 of them in Philadelphia Broadband customers are leaving, and executives are expanding AI agents to handle customer service. Comcast is cutting jobs in one part of the business and hiring for new roles in another. The filings are a floor. The real total is still unknown.

@TFTC21@TFTC21

Across, a crosschain bridge, just told users not to connect their wallets to its app. "Do NOT visit the app, connect your wallet, or sign any transaction or approval there until further notice." It says it is investigating an issue with its domain.

@TFTC21@TFTC21

Ledger's signing SDK reports to Ledger's servers every time a transaction is signed, on by default, Ambire's developers say. The report includes the recipient or contract address. Privacy should be the default.

@TFTC21@TFTC21

Move abroad or leave by the end of the year. That is the choice IBM is giving affected staff in Consulting, according to a company document cited by Bloomberg. IBM confirmed it is ending visa and green card sponsorship for most roles in the unit, which has 150,000+ staff.

@TFTC21@TFTC21

Bitcoin holders have swapped about $3.6 billion of directly held BTC into BlackRock's IBIT since in-kind creations were approved, says BlackRock digital assets head Robbie Mitchnick. He says the main driver is security concerns. They traded their keys for a ticker.

@TFTC21@TFTC21

Texas governor-elect Gina Hinojosa says that within an hour of taking the oath of office she will "declare a high-cost emergency" and freeze residential electricity rates. The governor appoints every PUC commissioner. Texas law says prices are set by competition.

@TFTC21@TFTC21

The House held billionaire Leon Black in contempt of Congress for defying his Epstein subpoenas. No charging decision from the Justice Department has been reported. Rep. Anna Paulina Luna: "It is time for the Department of Justice to act." • The Oversight Committee voted 41-0 on Sept. 15 to recommend contempt • The full House held him in contempt on Sept. 16 by unanimous consent • The two subpoenas sought a deposition and documents, including nondisclosure agreements • Black sued the committee and Chairman Comer to block the subpoenas, and his lawyers call the contempt resolution retaliation • Criminal contempt carries up to 1 year in prison and a fine of up to $100,000 • A DOJ spokesperson said it takes contempt of Congress allegations seriously The committee voted 41-0, the House acted by unanimous consent, and the only thing between a billionaire and a charge is a prosecutor's decision. Luna also says she is asking DOJ to investigate Lesley Groff, Epstein's former assistant, whose testimony survivors dispute. Congress can name the contempt. Only DOJ can make it cost anything.

Podcasts

The latest episodes. Watch right here, or wherever you listen.

The Round Table

The room is open.

Where Bitcoiners stop reading about the future and start building it — monthly AI-implementation calls, a vetted network of operators, and research that actually matters.

$100/ mo · or $1,000 / yr

Level up
  • Live AI implementation calls and workshops
  • A vetted network of operators and builders — no tourists
  • Research briefs when they matter, not on a treadmill
  • An always-on private Discord
  • Ad-free podcast with post-interview recaps

The Commoner

Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.

Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.