Sunday links: unfolding reality

Quote of the Day "Politics never ends, because politics is part of reality. And reality just keeps unfolding." (Oliver Burkeman) Chart of the Day (wsj.com)Markets - Some reasons to be bearish including frothy retail behavior. (awealthofcommonsense.com) - Low correlations should make for better stock picking, right, right?!? (tker.co) Companies - Apple ($AAPL) sued OpenAI for IP theft.. (spyglass.org) - SK Hynix had a strong opening day in the U.S. (morningstar.com) AI - Why Zuck is launching 'Meta Cloud.' (spyglass.org) - How Cloudflare ($NET) plans to combat AI scraping. (semafor.com) - Crypto companies continue to pivot to AI. (bloomberg.com) - What ultimately happens if frontier models become 'commodity infrastructure'? (ben-evans.com) Slop - AI slop has come for coding. Who will clean up the mess? (giftarticle.ft.com) - Social media is increasingly filled with AI slop. (404media.co) - How to spot AI slop. (futurism.com) Science - The NSF plans to cut core science funding programs. (nature.com) - America's top universities are enrolling 15% fewer PhD students. (nytimes.com) - When you dismantle the scientific funding ecosystem it's hard to rebuild it. (whyisthisinteresting.substack.com) - The administration is putting ideology over science. (noahpinion.blog) - Independent science has been 'an American virtue.' (marginalrevolution.com) - Seriously, this is really bad for American science. (danieldrezner.substack.com) CDC - The CDC cut funding for FoodNet which tracked pathogens like cyclospora. (huffpost.com) - Why it's been difficult to pin down the source of the cyclosporiasis outbreak. (washingtonpost.com) - Our understanding of how Cyclospora spreads is limited. (theatlantic.com) State and local - Calls to cut property taxes abound, but states have to generate tax revenue one way or another. (axios.com) - The Trump administration continues to deny disaster relief for blue states. (politico.com) - Chicago's public pension funds are 'near insolvency.' (ft.com) Immigation - The flow of refugees to the U.S. has essentially stopped. (notus.org) - How noncitizen spouses are getting caught up in immigration sweeps. (npr.org) - Alex Pretti and Renee Good's murders have yet to be properly investigated. (theatlantic.com) - This claim used to dispute birthright citizenship is bunk. (thebulwark.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) Defense - The US military lost dozens of Reaper drones in missions over Iran. (arstechnica.com) - A look inside Helsing's drone factory in Germany. (nytimes.com) - Trump hasn't killed NATO, yet. (theatlantic.com) Economy - Jevon's paradox in the workplace. (apollo.com) - Is AI investment immune to higher interest rates? (econbrowser.com) - AI doesn't outlaw the laws of economics. (rockandturner.substack.com) - The economic schedule for the coming week. (economicweekly.substack.com) Earlier on Abnormal Returns - Top clicks this week on Abnormal Returns. (abnormalreturns.com) - What you missed in our Saturday linkfest. (abnormalreturns.com)