Friday, 12 June 2026

Warsh Inherits a Fed That Won't Follow Him

Iran's Hormuz Blockade Is Hardening Into Permanence

Anthropic's AI Crown Is Safe Until June
Google I/O came and went without denting the market's conviction that Anthropic holds the best AI model.
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Streeting Launches Formal Challenge to Starmer

Trump and Xi Are Meeting. Markets Already Know How It Ends.

Labour's Losses Leave Starmer Fighting for Survival

Strategy's Bitcoin Promise Faces a Cash-Flow Deadline
Deep Dives
Pro
Workslop Is Dragging Enterprise AI Into a Productivity Trap
AI-generated "workslop" — output that looks competent but fails on inspection — is now documented as a structural drag on enterprise productivity. The problem is not that models are bad; it is that mandated adoption outran the human infrastructure needed to review their outputs.

AI & the Future of Work
AI is disrupting white-collar cognitive work before blue-collar trades, inverting the pattern of every prior automation wave. A three-layer framework explains why economists disagree and who faces displacement first.

Future of Prediction Markets
Prediction markets now process more weekly volume than most commodity exchanges. The question is whether Congress or the Supreme Court decides what they actually are.
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