Sunday links: great technological upheaval

Quote of the Day "Free societies often look weakest in the midst of great technological upheaval because they move slowly and argue constantly." (Fareed Zakaria) Markets - Higher real yields are acting like competition for stocks. (trendlabs.com) - Market indicators often work until they don't. (humbledollar.com) - What ISN'T working in this market environment? (awealthofcommonsense.com) AI - Keeping up with AI developments is a full time job. (spyglass.org) - Companies have suddenly decided to ration AI use. (wsj.com) - AI is unique in that big companies are making huge bets. (asymco.com) - AI doesn't have to be smarter than humans to be transformative. (noahpinion.blog) Energy - The Trump administration admits that it cancelled energy projects in blue states. (nytimes.com) - The administration's crackdown on clean energy projects is also a jobs killer. (bloomberg.com) Law and order - Trump's personal lawyers are all over the government. (vox.com) - Good luck trying to get clemency if you don't have connections to the administration. (nytimes.com) - Taylor Farms went to the White House amidst the search for cyclospora. (wsj.com) - Crime rates are falling, no one is really sure why. (reason.com) Immigration - Retirement communities are struggling with labor shortages due to the immigration crackdown. (nytimes.com) - ICE is still looking to expand capacity. (theatlantic.com) SNAP - Food banks are feeling the impact of SNAP reductions. (axios.com) - Faced with new paperwork, people are losing SNAP eligibility. (nytimes.com) - What's behind the drop in SNAP enrollment? (newsletter.platypuseconomics.com) The Pentagon - Are we getting the full story on the war in Iran from the Pentagon? (theatlantic.com) - We shouldn't be encouraging military pilots to mess around. (theatlantic.com) Economy - New tariffs equal higher policy uncertainty. (econbrowser.com) - There's never a shortage of human wants and desires, hence economic growth. (tker.co) - Electrical components and transportation equipment employment are bucking the overall (down) manufacturing trend. (agglomerations.eig.org) - The economic schedule for the coming week. (economicweekly.substack.com) Stay in touch - Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) - Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com) Earlier on Abnormal Returns - Top clicks this week on Abnormal Returns. (abnormalreturns.com) - What you missed in our Saturday linkfest. (abnormalreturns.com) - What you missed in our Friday linkfest. (abnormalreturns.com)