$MSFT is offering to buy out 70,000 employees. AI is reshaping the world in ways we could never have imagined

2 hours ago, Anthropic filed for an IPO. We went through the S-1 and broke it down in 6 charts:

Este es el genio detrás de la victoria de Lula. Propuso un ejército de activistas digitales en Whatsapp y combinar redes al máximo con las calles. Los seres humanos le ganaron la batalla a los bots falsos de los grandes adinerados del mundo y el software de escrutinio era totalmente público.

If you are employed , building wealth seems so unreachable. But if you can manage to put side 20% and invest that , you can build a small portfolio I work 9-5. I actively manage a small personal portfolio. Even after multiple trimmings to deploy capital in other priority projects , this portfolio is holding more than my annual net salary in unrealized gains

Ruto: There was a lot of propaganda spread on the Finance Bill 2024. We had to stop that Bill, not because it was wrong, but because of propaganda. We eventually passed all clauses of Finance Bill 2024.

Irungu Kang’ata gets emotional while speaking about Taifa Care, the healthcare system that was shut down by the kenyan government.

Brazil and Serbia gives us hope of what Kenya can and should achieve next year In Brazil 🇧🇷 Lula has defeated a right wing candidate backed by Elon and Trump In Serbia 🇷🇸 a student led movement has won and voted out corrupt 12 yr regime of president Vucic Our time ! Sifuna!

The ugly truth about France and some of the other European countries currently in turmoil - and which none of the politicians want to admit because it'd be political suicide - is that you can't solve the problem by going after immigrants (as the right asserts) or the rich (as the left asserts), but you could solve it by going after the old. One extraordinary statistic for you: people over 60 in France, a quarter of the population, own 60% of France's wealth, non-financial and financial (ofce.fr/pdf/revue/2025/3-192…). And here is another crazy statistic: that same quarter of the population, those above 60, receive nearly two-thirds of all social spending by the French government (previssima.fr/actualite/prot…) - which is famously among the highest in the world (France's government spending is an insane 57.3% of GDP). Last statistic: they make up about 40% of voters because they're a third of registered voters (insee.fr/fr/statistiques/266…), and they turn out far more than anyone else (franceinfo.fr/elections/sond…). Put our 3 statistics together and there's almost a bit of an apartheid situation here: the old own most of the country's wealth, collect most of the social spending and have the political power to keep it that way. Which makes them a de-facto rentier class, living off assets and transfers paid for by younger generations. And, of course, at the risk of stating a truism, the future is built by the young. Yet France keeps effectively taking money away from them to give it to those whose working lives are already behind them - and need the money far less since they already own the country's wealth. What about inheritance, I hear you ask? That's the funniest/saddest aspect: given that life expectancy has kept rising, the French now inherit a home at 54 on average. The most common case is someone in their 80s leaving it to heirs in their 50s, in effect the very old transferring wealth to the about-to-be old (insee.fr/fr/statistiques/fic…). You can add this to our earlier apartheid statement: on top of all the rest, even when the old finally let go of their wealth, it stays within their own "camp". That's my personal situation, incidentally: I'm 42, my father is 71 and he is starting to look at ways to pass things on to me and my siblings, when our professional lives are already well settled, so it'll arrive when it changes things the least, which is pretty much the French system in a nutshell. Now, I get that there'd be some unfairness in going after them: they paid into the system their entire working lives, playing by the rules of a social contract that told them if they paid up they'd collect at the end. Changing the rules now means breaking that promise, which is admittedly unfair. But there's no magic wealth tree in any society: you can only take it where it is. That's the way most major societal transformations end up happening. They're often triggered by a catastrophic event (the so-called "four horsemen": mass-mobilisation war, revolution, state collapse, plague) BUT what really drives change is a transfer: wealth gets pried from the privileged class who've been sitting on it and handed to those who'll build what comes next. So, in theory and in an ideal world, you can do without the catastrophic event and directly proceed with the transfer... The fact that in France, and elsewhere in Europe, it's the youth protesting is probably no coincidence - even though they don't frame it as a generational fight. And even though, cruel irony, the left politicians many of them march behind promise to bring the retirement age back to 60 (lcp.fr/actualites/legislativ…), which would make the situation even worse. Let's say they understand intuitively that the system is stacked against them, even if they haven't yet figured out how. And politicians are obviously doing what politicians do, meaning pandering to the people who actually vote, while pointing the young towards easier - and politically convenient - scapegoats. To be clear I'm not saying it's the only problem in France, VERY far from it. I'm also not saying that all old people in France live a lavish lifestyle at the expense of younger generations: there are also plenty of very poor retirees who, if anything, would deserve more. What I am saying is that it's probably the biggest elephant in the room: everyone can see it, nobody dares mention it - no politician, from any side, wants to run on cutting grandma's pension - and it makes every other problem harder to fix.

We hosted a landmark conversation between Ta-Nehisi Coates, Tareq Baconi and Nesrine Malik at London's Southbank Centre this week. You can watch the whole event here: youtube.com/watch?v=652EVCK1…