Michael Perry retweeted
The holy shit moment of the story:
“The shipment included one of the jet’s canopies, which covers the cockpit and contains stealth technology that only the U.S. and its allies have access to, according to two of the people. An adversary could study the parts and potentially reverse-engineer the prized technology if it had one of the canopies.”
Hill investigates after F-35 parts diverted to Hong Kong dlvr.it/TVXrgC
Michael Perry retweeted
If Sam Altman, Dario Amodei, and Elon Musk all agree that we have to slow down - and now - something serious clearly happened with a frontier AI model.
Journalists should be digging in to this. We aren’t getting the whole story here.
Michael Perry retweeted
The sister of the Republican candidate for governor of Maine Bobby Charles, just endorsed Democrat Hannah Pingree in one of the most brutal Op-Eds I’ve ever seen.
Yikes.
Michael Perry retweeted
Replying to @GBC_Press
Michael Perry retweeted
Every market has a fellow who is certain the prices are wrong and that he alone knows the right ones. Usually the market charges him tuition for this belief. Occasionally, it hands him the Treasury.
Consider the record. In 2000, Scott Bessent left Soros to run $1 billion of his own. Five years later, the fund no longer existed. In 2015 he tried again with Key Square, co-founded with Soros alum Michael Germino and seeded with $2 billion of Soros money — which is a bit like failing your driving test and being handed a Ferrari. Assets peaked at $5.1 billion in 2017 and finished 2023 at $577 million. Institutional investors reportedly went from 180 to 20, a retention rate that would embarrass a gym in February. And in 2018, Soros — the man who staked him — took his chips off the table. When your own anchor investor would rather not watch, that is not typically a buy signal.
Which brings us to the question: is the man now confidently dictating where oil, the dollar, Treasury yields, and stocks ought to trade a macro mastermind the market tragically failed to appreciate? Or did the market spend two decades doing its due diligence on him — and sell? He believes he’s smarter than the market. The market already graded that exam. Twice.
Michael Perry retweeted
Replying to @ZavalaA
The state emailed a reporter asking her to change her tone for covering this story. That is the part to remember. When officials start coaching journalists instead of answering questions, the story is always bigger than the tires. Keep reporting it straight.
Michael Perry retweeted
In Sitka, AK to do some fishing. Walked past the HS and saw a football practice. Had to stop in & say hello.
Some good ppl trying to do as much as they can with very little, for the kids and our great game.
#gratitude #CoachRichie – at Sitka, AK
Michael Perry retweeted
I've received a lot of DMs asking about beef pricing and I'm putting the explanation here so I can reference the post in future responses:
Why rancher-finished beef costs $6 a pound hanging weight when you can buy cheaper elsewhere. (Hanging weight is 70-75% of take home weight, putting final cost between $10-$11 take home weight per lb.)
It's a fair question especially from those who haven't been around cattle or ranching. The answer comes down to what "finished" means and how the animal got there.
Finishing is the last stretch of a beef animal's life, the final four to six months, when it puts on the fat that gives beef its marbling, tenderness, and flavor. An unfinished animal is leaner, tougher, and blander. Some folks sell cattle that never went through a real finishing phase; less time and less feed, and you can taste it the first time you cook a steak. It takes like deer meat (to me anyway).
Our cattle finish on open pasture with free-choice feed available whenever they want it. They graze grass, supplement themselves at the feeder, and take the time they need. They have fresh water, shade, room to roam, and frolic. No growth hormone implants and no confinement or restricted movement. Our finishing steers on a cool morning will run, buck, and play right up to harvest weight. An animal finished this way typically takes 24 to 30 months from birth to harvest, and it lives well the whole way.
Grocery store beef comes out of feedlots where thousands of head stand in manure filled dirt pens, no grass, no shade, eating a formulated high-grain ration, with hormone implants boosting weight gain 10 to 20 percent. All is designed to get to slaughter weight faster and cheaper. A feedlot animal is often done at 14 to 18 months. They rarely move, and that's intentional. By the end, they can at most barely waddle from the feed bunk to the water tank. That kind of scale is exactly how the price gets driven down, and it comes at a cost the label doesn't show. Cheap beef requires crowding, confinement, and treating animals as production units, "Quality" is whatever survives the process. Then it all gets pooled. The beef in the grocery case is blended from countless animals, often including imported beef from overseas. Nobody can tell you what ranch it came from, because it is a mix of beef from across the globe. It's why one beef recall affects hundreds of thousands of people-- nobody knows what cow the diseased meat came from or what it was mixed with.
The $6 a pound at our place goes to raising the animal, meaning two-plus years of grass, hay, and feed for one animal rather than 14 months of commodity ration split across ten thousand head. It covers land, water, and vet care, with no implants doing part of the work for free. Processing runs another $1.05 a pound hanging weight, paid to a small family run processor that cares and hangs and ages your beef for two to three weeks instead of rushing it from kill floor to cryovac.
Nobody's getting rich at $6: we turn a modest profit only because we own the land. A rancher paying to lease or buy ground doesn't break even at $6 a pound hanging. That's the real cost of raising beef right at small scale, and it's why the price can't go lower without changing how the animal is raised. When you buy from a ranch, you're paying what the beef actually costs to produce, not what an industrial system can squeeze it down to.
Cheaper beef is cheaper because somebody cut corners. Around here, nobody does.
All life costs life and to believe otherwise disrespects that which sustains us. Our philosophy is to respect every animal that sustains us and our customers, giving each the best life possible. That is the real cost of doing business this way,
and it's worth it.
Michael Perry retweeted
Mitch McConnell has repeatedly voted against federal paid sick leave legislation. He voted no in 1993, 2015, 2020, and 2022.
He has currently been on paid sick leave for over 7 weeks (if he is even still alive).
You dont hate politicians enough.
Michael Perry retweeted
A civilian medical plane has crashed after a U.S. military test of an experimental GPS jammer disrupted the plane's radar.
Every person on board was killed.
Readers added context they thought people might want to know
GPS jamming does not affect an aircraft’s radar. The two systems are unrelated & radar is used for weather avoidance, not navigation.
The pilots were navigating visually at the time, after declaring the airfield in sight, not using GPS.
apnews.com/article/new-me…
Michael Perry retweeted
In 1983, Bootsy Collins laid down the first rule of funk: keep it on the one.
“The one” is the first beat of the measure, the rhythmic anchor that holds the entire groove together.
Bootsy learned its power while playing bass for James Brown, whose relentless emphasis on the downbeat revolutionized funk music.
Michael Perry retweeted
Walter Cronkite: After liberating execution camps… Germans (who cried) they didn’t know…were as as guilty as Nazis…because they applauded when Hitler shut down (media) and said, ‘We don’t need to know. We trust our government...’
It’s our duty to know.
Michael Perry retweeted
Because Bilal isn’t telling you the truth. Smart & Final’s offer was to invest in the building, but pay zero dollars in rent. Safeway would have also been stuck paying the property taxes and insurance bills while getting nothing for 5 years.
Michael Perry retweeted
Every kid in this country should be able to watch the Home Run Derby. You shouldn’t need a goddamn streaming service
Michael Perry retweeted
Replying to @GeneracCEO
@GeneracCEO Aaron, I just thought you should know that my @Generac solar system is hard down and it is hurricane season. 4 days since I opened the latest, of many, tickets.
I hope everyone shares and reposts this hideous case of corporate ghosting. Been a full year with problems unresolved.
Please, everyone, repost this.
Michael Perry retweeted
It takes 1.28 seconds for a message to reach us from the Moon.
It takes as little as 35 minutes from Jupiter.
It takes as little as 4.5 hours from Pluto.
It takes at least 6-12 months from NYT reporters, plus $30 for the book containing it.