Mamdani also won the mayoralty, and he ran on the affordability crisis. But his solution of “rent freezing” doesn’t work. It disincentivizes construction, sending rents everywhere else up.
A good example of this policy not working is Argentina. One of President Javier Milei’s best moves was scrapping all the rent controls in Buenos Aires. Since he did that, supply has nearly tripled and rents have fallen by about 40%.
The threat of AI-generated music is that it will dramatically increase the volume of music on streaming platforms, making it even harder for emerging artists to break through and make a living.
• It’s already challenging enough. Twelve million artists uploaded songs to Spotify last year. Less than 0.2% made more than $50,000.
Goldman Sachs strategists predicted last week that U.S. equities will likely underperform global peers for the next decade. They recommended that investors “Diversify beyond the U.S., with a tilt toward emerging markets.”
Sweden has demonstrated how modular construction can actually work. Nearly half of new homes are built in factories, and its housing shortages are now milder than in many peer countries.
Lindbӓcks, a leading Swedish modular home manufacturer, uses assembly lines to produce more than 25,000 square feet of housing per week
A Chinese startup called Moonshot AI just released a new open-source model, called Kimi K2 Thinking, that outperformed OpenAI and Anthropic models across several benchmarks. Plus, it’s 4x cheaper to run at scale than GPT-5.
Moonshot’s newest model is more efficient than ChatGPT and other American models because of its Mixture-of-Experts design. Instead of the whole model activating for each task, only a few smaller parts turn on at a time.
Why are Chinese AI models so cheap? Energy. China produces 2x more wind power, 3x more solar, and 6x more hydroelectric power than America. That, plus government subsidies, makes their electricity half as expensive as ours.
The reason we don’t produce enough energy is we have politicized energy. Republicans have somehow figured out a way to feminize renewable energy, playing into Trump’s distorted version of masculinity where coarseness and cruelty signal strength, while anything progressive gets dismissed as weak or feminine.