Just In: Inflation was 3% in June (y/y). That's an incredible drop from a year ago when inflation was 9.1% (y/y) in June 2022. Rent/shelter accounted for 70% of inflation in June 2023. **Wages are now rising faster than inflation**

People get really mad if you point out that inflation has fallen a lot since the passage of the Inflation Reduction Act but it is true that this is what happened.

Intriguing endorsement for Biden admin & IRA: Exxon CEO Darren Woods says in clearest terms that IRA’s subsidies were a pivotal catalyst for overcoming hurdle rate to investing in carbon sequestration (via Denbury acquisition) See @ 5:27 Becky Quick youtu.be/ZiYH4ZgYzTE

One doesn't often see a real ICBM flight profile with time, altitude, range and velocity. This is a real keeper. uapress.com/product/minute…

The original hypersonic!

Exclusive: Officers working for Abbott’s border security initiative have been ordered to push children into the Rio Grande, and have been told not to give water to migrants, according to an email from a DPS trooper who described the actions as “inhumane.” houstonchronicle.com/politics/texas…

Pro life up until the moment of birth.

So this marks the CRE bottom right?

This is savage. 💀💀💀

Total US manufacturing construction—that is, building the places that will build the things (especially: computer chips)—is at an all-time high, going back to the 1960s. In Q1 of 2023, ~20 precent of GDP growth came just from manufacturing construction spending. ht Heather Boushey

This is both nuts and well done. Watch to the end. ;)

On July 20, 1969, the world celebrated the remarkable achievements of #Apollo 11. We stepped onto the moon.

This might sound crazy - it is not crazy. Lee Kuan Yew talks at great length throughout his memoirs on building Singapore about trees specifically, trees *as such*, being harbingers and indicators and inspirers of great things:

In all seriousness, what is the plan for college essays in the fall? It can't be college essays as usual.

WE'RE COMING TO THE QUEEN CITY! 👑 See you Week 1 in Charlotte for a battle of the Carolinas 🍿 Carolina Football | Gamecock Football