iiinova — where your digital self keeps evolving

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Olga Nesterova @onestpress.onestnetwork.com · 2h

Just read it. Bessent wrote Warren a letter

DEPARTMENT OF THE TREASURY
WASHINGTON, D.C.
October 9, 2026
The Honorable Elizabeth Warren
United States Senate
Washington, DC 20510
Dear Senator Warren:
Thave received your October 7 letter, which adds to the mounting body of evidence of your complete paucity of knowledge about financial markets. Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department.
Unfortunately, it is difficult to treat your concerns as sincere. As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration's reckless spending. You blamed the economic consequences on the Federal Reserve, rather than your own irresponsible fiscal policies. Your view of the economy depends on who occupies the White House, but your woeful understanding of the issues is consistent.
The "interventions" you describe as "unprecedented" have been underway since May 2024. The buyback program has been well received by market participants in bolstering Treasury liquidity, which reduces market volatility, increases the convenience yield of Treasury securities and ensures the best value for the taxpayer. The continued enhancements optimize Treasury market liquidity in primary and secondary markets. The U.S. Treasury market's liquidity and performance versus global peers is evidence.
While you voted for a $5 trillion tax hike on everyday Americans, the Working Families Tax Cuts continue to deliver for families and workers across the country. The average refund this filing season was over $3,400, an increase of 11 percent over the previous year. More than 30 million workers claimed No Tax on Overtime, more than 7 million claimed No Tax on Tips, and more than 37 million seniors claimed their enhanced deduction. More than 34 million families claimed the permanently enhanced Child Tax Credit, and …

These results are made possible by the employees of the Department of the Treasury, who are working around the clock for the American people. Unsurprisingly, you have responded by criticizing their dedication and aptitude for the job in a recent interview.' Despite your malign characterization, the Domestic Finance team you alluded to in your interview is fully staffed relative to historical levels. It is ironic that you have voted against every presidential appointee for a position at Treasury, no matter how impressive the qualifications for the role. Given your newfound interest in Department personnel, I challenge you to reverse course and thoughtfully engage with future nominees and support their confirmation.
Finally, my offer of a Foreign Exchange for Dummies tutorial still stands and if you receive a passing grade on the Yale metric, not the Harvard curve, I would be happy to also include a Fixed Income for Dummies.
Sincerely,
Aver Bout
Happy Indigenous Peoples'
Say in advance to you and your family.

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e.w. niedermeyer @niedermeyer.online · 09/10/2026

just to emphasize what's happening here: BMW (a company that used slave labor under the Nazis) refused to provide an official vehicle to the ultra right-wing AfD party, which is now asking Elon Musk to provide a Tesla instead Tesla literally becoming the Nazi car brand

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 14h

Is he using tons instead of barrels, so it's harder for people to fact check how little this is? For example, if he said 2 million barrels, it would be obvious that it wasn't even very much, and this is a disgusting PR giveaway and betrayal of our allies for NOTHING? As if nobody can do the math?

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Amanda Carpenter @amandacarpenter.bsky.social · 09/10/2026

Trump & Hegseth aren't just proposing to livestream an execution for willing viewers. Even if you support the death penalty, consider what happens next: Footage of a man being shot to death, pushed into our kids' feeds. It won't be contained. Hope the parents in the Trump Admin are cool with that

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Odd This Day @oddthisday.bsky.social · 16h

So, happy 89th anniversary of the day Oswald Mosley tried to sell fascism to Liverpudlians—and someone concussed him with a brick

A man in a suit, standing on top of a van with loudspeakers on it, flinches as projectiles are hurled at him

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Justin Baragona @justinbaragona.bsky.social · 09/10/2026

Status reports that ABC News deleted that explosive story about the Trump kids getting billions in federal contracts for their companies. ABC hasn't explained why they nuked the story, even as Trump has crowed about its deletion, sparking a firestorm behind scenes. www.status.news/p/david-elli...

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 15h

We need to show everyone how we will kill you to prove how much we value life

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Carl Quintanilla @carlquintanilla.bsky.social · 09/10/2026

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Kyle Griffin @kylegriffin1.bsky.social · 09/10/2026

Documents released by a watchdog group suggest that despite Trump's promise to fund Freedom 250 events through private donations, taxpayers largely footed the bill. The budget estimates leave open questions about where tens of millions in private donations ended up.

washingtonsun.com

Trump Raised Big Bucks for Freedom 250 — But Most Events Appear to be Funded by Taxpayers

Newly released documents raise questions about what happened to the corporate and private donations.

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Jake Grumbach @jakemgrumbach.bsky.social · 09/10/2026

New working paper: the Norwegian wealth tax was a huge success. The "exodus" of wealthy people never happened (less than 100 individuals left). Tax revenue increased by 71.5%. No changes in business activity or investment. www.nber.org/papers/w35854

Taxing Entrepreneurial Wealth: Evidence from
Norway, 2021-2025
Marius A. K. Ring
WORKING PAPER 35854|
DOl 10.3386/w35854
ISSUE DATE October 2026
Whether imposing higher taxes on business owners adversely affects business activity by constraining investment and inducing capitalist flight is a central question in the ongoing debate on how to tax the ultra wealthy. To shed new light, I exploit a series of related Norwegian reforms during 2021-2024 that increased dividend tax rates, removed migration-related capital gains tax loopholes, and nearly doubled the effective marginal tax rate on business wealth. These reforms spurred international debate and, allegedly, an "exodus" of Norwegian billionaires (Financial Times,
2023). While I document clear effects on migration, these responses are concentrated among the top 0.1% of the wealth distribution and mostly confined to 2022 and 2023. My results indicate that at most 100 individuals left due to the reforms. I find no evidence of significant outmigration or reduced inflows of startup founders or inventors. I estimate that absent any outmigration, wealth tax revenues would have increased by 75% from 2021 to 2024. Reform-driven outmigration lowers the revenue gain to 71.5%. My findings further show that outmigrating owners' firms remain economically active and do not reduce investment. In a broader set of analyses, I examine whether business outcomes are affected, regardless of whether owners outmigrate, since firms may reduce investment both due to liquidity constraints or distortions to owners' savings decisions. I compare firms owned by Norwegian individuals subject to the wealth tax with firms owned by foreigners and other tax-exempt entities. By merging historical ownership data from Orbis with the Norwegian shareholder register, I perform these analyses on both Norwegian and foreign-domiciled firms.
Across settings, I find no evidence that Norwegian-owned firms pay out more dividends or invest less after the reforms,…

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Kyle Cheney @kyledcheney.bsky.social · 09/10/2026

JUST UNSEALED: A judge ruled this week that the first Trump admin's "Remain in Mexico" policy illegally subjected thousands of people – many with meritorious asylum claims — to horrifically dangerous and violent conditions and deprived them of access to attorneys. cgrs.uclawsf.edu/en/legal-doc...

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Gil Durán @gilduran.com · 09/10/2026

Remember when Palantir co-founder Joe Lonsdale called for public executions? www.thenerdreich.com/joe-lonsdale...

thenerdreich.com

Joe Lonsdale Calls For Public Hangings

Silicon Valley radicalization escalates

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 09/10/2026

For when she discovers sugary coffee drinks, you'll need to make sure she knows about the cute corner coffee shop that's been popping up all over--Starbuck I think it is?

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jamelle @jamellebouie.net · 08/10/2026

oh bezos is *juicing* juicing

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🫶🏻Layla🫶🏻 @laylabelle3.bsky.social · 08/10/2026

“AGAIN”

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Jay Willis @jaywillis.net · 09/10/2026

Feels to me like the U.S. government livestreaming the shooting death of a guy in a wheelchair is going to be in all the history books, and hopefully framed as the end of an era that was very bad, and not the start of an era that was much, much worse

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 08/10/2026

Runoff Home Mortgage Music Center really rolls off the tongue and speaks to the majesty and artistry of music

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tomwellborn3rd @wellborn.net · 08/10/2026

Stephen Miller is a hateful, empty husk with no empathy. A contractor told NPR he wanted detention to be cruel, so DHS burned $1 billion on 11 warehouses, and seven are now for sale at a loss. He lives to hurt people, and he can't even do that competently.

rawstory.com

'He wanted it to be cruel': Insiders reveal Stephen Miller's 'insane' immigrant plan

A government contractor says White House adviser Stephen Miller "wanted it to be cruel" when the administration planned to turn warehouses into immigrant detention centers.The contractor, whose compan...

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Raider @iwillnotbesilenced.bsky.social · 08/10/2026

Heartbreaking 💔 Children scream while masked ICE goons kidnap their families in broad daylight in Harrison, New Jersey.

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 08/10/2026

Why is *Financial Times* trying to give sociological advice? Should Psychology Today tell you to dump ExxonMobil for your mental health? Should National Geographic tell you to buy only ESG ETFs because if you don't, none of the places in their pictures will be there in 10 years? Wait..

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Jon Cooper @joncooper-us.bsky.social · 08/10/2026

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 08/10/2026

Undo the cuts from Trump's first term that raised the debt by almost $2 trillion? Undo the "BBB"? Remove the salary cap on social security taxes? Sounds like Paxton isn't a very creative person. I bet he flunked kindergarten.

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Emma Evans @trance.bsky.social · 08/10/2026

www.youtube.com/watch?v=LCPh...

youtube.com

Futurama - Benderama

YouTube video by Voodoo God

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ashley fairbanks @ziibiing.com · 08/10/2026

it makes me feel really old when i look at a 1TB micro sd card

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Ron Filipkowski @ronfilipkowski.bsky.social · 08/10/2026

The Russians are barbarians and should be treated as such, not as people to negotiate new business deals with to benefit corrupt oligarchs in the US.

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justfara @justfara.bsky.social · 08/10/2026

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Ron Filipkowski @ronfilipkowski.bsky.social · 08/10/2026

Who could’ve have foreseen Kim Guilfoyle would go on a grifting and crime spree after Trump named her as Ambassador to Greece to get her out of the country after Junior hooked up with a younger woman?

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Aaron Reichlin-Melnick @reichlinmelnick.bsky.social · 07/10/2026

Chat is it good when an Ambassadorial nominee writes "Stop papering all these things. It’s really dangerous ... if you write an email or a text about, l’m gonna kill you cause I love you but you’re so out of control" to the man who paid her $300,000 to help resolve his tax issues with the IRS?

That same month, Guilfoyle sent a congratulatory note to Long after his confirmation as IRS commissioner. She attached a letter Deters had written outlining his tax dispute: “Don Jr. and I are very close with Eric Deters and his wife and I know he sent you a letter,” she wrote. “I am hoping I know how busy you are that you could give some time and attention to it.”

Two days later, Deters sent her a photo of a printed memo addressed to her: “I have paid you $300,000 over the years,” he wrote. “As of this memo, I have not received one favor. I am not naive or a sucker. I need results.”

In response, she told Deters to “stop papering all these things. It’s really dangerous.”

“Just call me on signal,” she wrote.

As for Long, she would call him the next day, she assured Deters. “I wrote him a very nice message. Told him how important it was that you’re close to me and to don.”

“Also very privately,” she continued, “if you write an email or a text about, l’m gonna kill you cause I love you but you’re so out of control.”

That afternoon she texted an update: Long had written her back.

“BOOM,” she added.

A week later, on July 3, she placed two missed calls to Deters’ phone, and sent him instructions on how to wire money to an American Express account.

“Your needing $100,000 urgent unfortunately is not going to work,” he wrote. “I can’t do this without getting a divorce.”

“I’ve been calling you for over a week straight,” she replied. “You could be here meeting with Billy Long.”

Long is now the U.S. ambassador to Iceland. Embassy officials there referred reporters to a State Department media office that didn’t respond to a request for comment.

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 07/10/2026

He would literally rather be in a war zone than be subject to US jurisdiction. Interesting.

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 07/10/2026

In order to demonstrate our respect for the sanctity of life, we have to keep trying to kill this lady until we get it right.

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 07/10/2026

Do they still have the "DO NOT CONGRATULATE" notecard? I think he would appreciate that as a birthday gift. Trump could just tuck it in with his next box of classified documents as a special surprise.

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Innsmouth Looksmaxxing @gonebabygone.bsky.social · 07/10/2026

Jack from 30 Rock saying “that’s Republican, we count those”

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Erik the Rural Juror @edoggthered.bsky.social · 07/10/2026

If you're ever curious about what the reflecting pool looks like, you can see it from this live webcam. It remains empty of water. www.earthcam.com/usa/dc/washi...

earthcam.com

WAMO Cam

Explore America's capital from over 500 feet in the air with EarthCam's live streaming webcam embedded in the Washington Monument's pyramidion!

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Peter Sagal @petersagal.bsky.social · 07/10/2026

The covert of “The Nickel Boys” by Colson Whitehead, a novel about a ‘reform school’ that brutalized and killed Black children in Florida, based on a real and terrible place.

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Raider @iwillnotbesilenced.bsky.social · 07/10/2026

A 2.5-meter-tall statue depicting a naked, gold-covered Donald Trump has been unveiled inside the European Parliament in Strasbourg. The satirical sculpture, titled "Orange Plague" and also called "King of Injustice," shows Trump sitting on the shoulders of another man.

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The Mouthy Renegade Writer @mouthyrenegade.bsky.social · 06/10/2026

You mean, she doesn't just cheat like her shitiot grandfather? But seriously, I can't love this enough for her and her criminal family. 😂

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 06/10/2026

It sounds like he battles pirates? I was not aware of that.

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Eric. No, not that one. Or that one. @ericb013.bsky.social · 06/10/2026

Do *not* manifest an Olivia Newton John renaissance. We have enough to contend with.

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Michael Warburton @michaelwarburton.bsky.social · 06/10/2026

Did you know that a blinking light at the top of the Capitol Records Tower spells out H O L L Y W O O D in Morse code? Leila Morse - Samuel Morse’s granddaughter - flipped the beacon switch for the first time in 1956 and its done so every night since the building was erected.

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