My end-of-week morning reads:
• Europe selected insurance coverage. America selected progress. Europe and America selected completely different factors on the efficiency-equity trade-off. That was once a matter of preferences. It isn’t anymore. Guests discover one thing else, even those who’ve by no means heard of a buying energy parity adjustment for GDP per capita comparisons throughout borders. They discover the wealth. The automobiles, the homes, the eating places, the sheer scale of consumption. They discover the distinction between what is occurring right here and what’s taking place again residence. You don’t want the IMF’s World Financial Outlook to see it, although the WEO will affirm it: even after adjusting for buying energy, U.S. GDP per capita is now roughly 38% greater than the EU common. (The Two Cents)
• Boomers’ large wealth will principally be handed all the way down to people who find themselves already wealthy: Child boomers are anticipated to cross $36 trillion to their heirs within the subsequent twenty years, an evaluation discovered. The good wealth switch is coming — and it’s going precisely the place you’d count on. The Washington Publish on the information displaying intergenerational wealth focus accelerating, not dissipating. (Washington Publish) however see Hey … are you able to pay me again now? Welcome to the summer season of financed enjoyable, the place one buddy books the Airbnb and everybody else guarantees the cash is coming. The psychology of the awkward IOU — why asking associates to pay you again is one among cash’s nice social minefields. (Substack)
• The Insider’s Information to San Francisco’s A.I. Increase: Town is the tech trade’s hub for synthetic intelligence, 30 miles north of the house of corporations like Meta and Google. What if San Francisco is the brand new Silicon Valley? San Francisco has had its share of tech corporations for the reason that dot-com increase, however the cash pouring into synthetic intelligence has recently supercharged the town’s tech profile. Final 12 months, they raised almost $35 billion of enterprise capital funding. The change is seen. Rents are climbing once more. Metropolis buses are filling again up. And the face of San Francisco is beginning to look youthful. The NYT maps the geography, social dynamics, and energy buildings of SF’s AI scene. The place the cash is, the place the expertise eats, and who’s truly constructing issues versus simply speaking about them. (New York Instances)
• The Enjoyable Scarcity Is Actual, and It’s Making America Depressing: With fewer locations to loosen up and socialize, and steeper costs for entry, having enjoyable is quantifiably tougher than it was once. Bloomberg on the enjoyable scarcity: lodges, theme parks, and summer season camps priced previous the center class. Even leisure is bifurcating. (Bloomberg free)
• The creator economic system is above the regulation: How influencers get away with something. the Polymarket marketing campaign was undoubtedly unlawful. Nevertheless, there’s a purpose that Polymarket and most content material creators don’t abide by these legal guidelines: They’re barely being enforced. Scott Galloway’s store argues the creator economic system operates in a regulatory vacuum. Affect with out accountability not often ends properly. (ProfG Media)
• The 12 months is 2063 and also you had been by no means fascinating. You’re by no means going to be somebody’s eccentric grandmother since you spent your greatest years consuming the lives of strangers. A pointy little bit of speculative fiction: the 12 months is 2063 and also you had been by no means fascinating. The algorithm at all times knew. (Substack)
• Navigating by Aliveness: One factor that’s lacking from these discussions is any consideration of aliveness. But I feel it is perhaps the important thing to understanding find out how to suppose and really feel about AI, how to answer it, find out how to combine it into our lives or not – and the way to make sure, as know-how marches on, that we don’t lose sight of what actually issues for a meaningfully productive life. Oliver Burkeman on navigating by ‘aliveness’ moderately than obligation — his regular light antidote to productiveness tradition. (Oliver Burkeman)
• The final astronomers: Amid a flood of AI advances, astrophysicists are questioning the soul of their discipline. (Science)
• The one bias uncovered within the White Home’s Smithsonian report is its personal: A White Home report alleges radical bias on the Nationwide Museum of American Historical past. However the assembled proof reveals a big and vibrant establishment finishing up its mission. A pointed WaPo column: the one bias uncovered within the White Home’s Smithsonian report is its personal. (Washington Publish) see additionally A Enormous Escalation in Trump’s Smithsonian Meddling: A White Home report particulars what the administration desires to alter in museums—and suggests {that a} crackdown might be coming. The Atlantic on an enormous escalation in Trump’s Smithsonian meddling — the American Historical past museum is now squarely within the crosshairs. (The Atlantic)
• The Wimbledon boy dwelling a dream that defies perception: If it had been a film script, Arthur Fery’s outstanding Wimbledon journey would in all probability by no means have made it to the massive display as a result of it appeared too far-fetched to be plausible. A 23-year-old who grew up inside strolling distance of Centre Courtroom. Ranked 114th on this planet. A wildcard entrant with solely two earlier Grand Slam match wins. Wimbledon semi-finalist? Reuters’ profile of the younger tennis sensation whose run on the Championships is the feel-good sports activities story of the summer season. (Reuters)
Video of the day: Why The Finest Participant Alive Barely Runs
You’ll want to take a look at our bonus episode of Grasp’s in Enterprise with David Risher, CEO of Lyft, one among North America’s largest ride-sharing networks. He joined Lyft’s board in 2021 when the agency was burning money and shedding floor to Uber. Lyft has returned to profitability, with its inventory rising greater than 75% since Risher took the reins as CEO in 2023. In Q1 2026, the agency had 28.3 million energetic riders and did $4.9B in gross bookings, with $1.7B revs, and $132.8m in EBITDA. Beforehand, he held senior roles at Microsoft and Amazon.
P.c Change in Median Home Costs from 2000 to 2025 within the US
Supply: Information is Lovely
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