“Placing a respectable second, or even a consequential third, would suffice to break the dollar’s effective monopoly and constrain the United States’ ability to impose financial sanctions unilaterally, while saving China the effort and cost of sustaining currency supremacy.”
"The original sin underlying California’s tax structure is Prop 13, the 1978 law that rewrote the rules of property ownership. Getting rid of it would be a more efficient and durable way to make the rich pay their fair share."
While other hyperscalers are spending heavily and running cash deficits too, S&P Global Ratings also said Meta’s ability to monetize its AI investments is more limited than that of its peers.
