89% OF SENIORS WANT HIGHER TAXES ON YOUNGER WORKERS Under 30, nearly 50% still support higher taxes to keep funding their parents and grandparents retirement. That's nice of them.

Judge them by what they did, he says

LEAKED ORACLE DOCUMENT SAYS ORACLE IS NOW PAYING UNDERPERFORMING EMPLOYEES TO QUIT The program is called VSP. It expanded October 1. If you finished coaching and still missed targets, you get a choice: 1. Go on a PIP 2. Resign now and collect 6 weeks of severance This company is absolutely hemorrhaging cash as they shift to a data center first strategy. The humans are expendable, and will continue to be. Resignations do not count as layoffs. Likely, December brings the real cuts for those that do not take the deal.

MORE DISNEY LAYOFFS HR and tech. Voluntary early-retirement for directors. Chief Creative Officer calls cuts “extremely painful but necessary. We have them slotted for many more. Don’t forget, this is the company that chose to announce layoffs with a Mrs. Incredible letterhead

INDIAN COMPANY TO BUILD LARGEST STEEL PLANT IN AMERICAN HISTORY They already fucked one state out of billions, and now they will build in our heartland. Mesabi Metallics is owned by Essar Group. This is their leadership team. Essar is a Mumbai conglomerate run by the Ruia family. This is not their first American steel plant. Essar Steel Minnesota started a taconite project in Nashwauk, Minnesota in 2008. They spent roughly $1.9 billion, left it half built, and filed for bankruptcy in 2016. Minnesota pulled their mineral leases. The state spent years fighting them in court. Essar bought the project back under the Mesabi Metallics name and made new promises to finish it. It is still not done. Now the White House says the same company will build the largest steel plant in American history. Same owners. Same playbook. Different state. Expect us to get fucked again.

1 IN 3 FIRST-YEAR INTERNAL MEDICINE RESIDENCY SPOTS WENT TO NON-US CITIZENS 33% of the entire pool of students. 3,448 of 10,657 spots in this year's Match, per NRMP. Schools such as Corewell Health in Michigan had 32/33, a 96% international rate.

Good morning @JDVance and @USLaborIG. The top 20 H-1B-filing universities have received $133 billion in federal grants since 2015. They are already exempt from the cap. Why would they also be exempt from the $103k H-1B fee? American universities should hire American talent.

CASE STUDY: ORACLE They spent more building AI data centers in 90 days than the entire company generated in cash. On Wednesday they sent a force majeure notice on Project Jupiter, the $18B OpenAI data center in New Mexico. Force majeure is the clause you invoke when you cannot meet your obligations. It lets Oracle delay lease payments to Blue Owl if the site is not operational by 2028. Their own co-CEO said anyone expecting "100% achievement of every one of their deliverables" has "a bad plan." That site has already had its gas pipeline rejected twice by the state, pushing power from August 2026 to February 2027. The stock dropped to $139 on the news. It was $248 in June. This is the company selling the AI buildout everyone else is still waiting to get paid on. Q1 FY27 numbers, reported Sept 10: Capex: $28.5B Operating cash flow: $23.1B Free cash flow: negative $5.4B Total debt: $125B. S&P cut them to BBB- in July, one notch above junk. That downgrade tripped collateral rules in Wisconsin that could cost them $100M a year on their Port Washington site. Oracle's response was to sue the state. Oracle's 2055 bonds now trade at 77 cents on the dollar. In Michigan, Blue Owl walked away from funding the $10B Saline Township site over Oracle's debt load. In Texas, they scrapped a 600 MW expansion at Abilene. The backlog is $664B. $300B of it is OpenAI. A company that has never turned a profit. Michael Burry shorted the stock at $152 in August. It is down 30% this year after two rounds of layoffs. So the biggest AI infrastructure bet in software right now is: borrow $125B, burn cash every quarter, lay off staff, invoke force majeure on your flagship site, and wait for the customer that owes you $300B to find the money.