Friday links: constant reinvention

Quote of the Day "The truly remarkable thing about this country is its ingenious ability—through elections, immigration, freedom of speech, and economic mobility—to constantly remake itself." (Eric Berger) Chart of the Day How investing alongside with the Trump family has worked out. (chart via YCharts) Finance - Blackstone ($BX) backed Jersey Mike's has filed to go public. (restaurantdive.com) - The art market is increasingly financialized. (humbledollar.com) Private credit - Blue Owl ($OWL) sees continued redemption requests. (finance.yahoo.com) - Why an ever growing redemption queue at private credit funds is untenable. (pitchbook.com) Companies - Even Apple ($AAPL) can't sidestep rising memory prices. (theatlantic.com) - Kroger ($KR) is buying supermarket chain Giant Eagle. (cnbc.com) - Lucky Strike ($LUCK) is trying to reinvent bowling. Not everyone is happy about it. (wsj.com) Media - A look at The Onion's plan to relaunch InfoWars. (chicago.suntimes.com) - When suing media organizations becomes an income stream. (newrepublic.com) - Data on how much the typical newsletter charges. (pressgazette.co.uk) Russia - Ukraine can now strike freely within Russia. (axios.com) - Gas lines are now commonplace throughout Russia. (nytimes.com) - Russia's race to build a Starlink rival is stuck in neutral. (bloomberg.com) America - A deep dive into America in 1926. (derekthompson.org) - Every 50 years or so American democracy looks tattered. (danieldrezner.substack.com) - Americans still overwhelmingly believe immigration is a positive. (noahpinion.blog) - What if the colonies and the crown had reconciled in 1776? (thebulwark.com) Economy - What's behind the drop in the labor force participation rate? (employamerica.org) - There is little sign of a manufacturing renaissance in the jobs data. (newsletter.platypuseconomics.com) - What happens when labor share of GDP keeps falling? (mrzepczynski.blogspot.com) - A look at the U.S. economy half way through 2026. (bonddad.blogspot.com) Earlier on Abnormal Returns - What you missed in our Thursday linkfest. (abnormalreturns.com) - Longform links: instant fakes. (abnormalreturns.com) - Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) - Are you a financial advisor or in the wealth management business? Sign up for our exclusive, weekly Talking Wealth newsletter. (talkingwealthpod.com)