US Supreme Court Justice Sam Alito has moved from being an articulate dissenter to an intellectual leader, with all of the pressures that entails. I reviewed two new books exploring how and why that happened. as.ft.com/r/ffc0237b-4...

The big state gamble on prediction markets Fights over regulation could reshape the US federal system of government

The fights over prediction markets highlight the conflicts that emerge when innovative businesses blur the lines — or exploit the holes — between national markets regulation and day-to-day activities that traditionally fall within state control. www.ft.com/content/d5ce... via financialtimes.com

Private Credit: how worried should we be? FT subscriber webinar on private credit.

sign up link here privatecredit.live.ft.com

Want the big picture on private credit? Tune into a special FT webinar with my colleagues on April 16 at 1200 GMT/1300 BST/0800 EST. It's exclusively for Financial Times subscribers. Come ask questions of @bondhack.ft.com, @pollard.bsky.social, @antoinegara.bsky.social and @johnsfoley.bsky.social

End of The Line: how Saudi Arabia’s Neom dream unravelled Mohammed bin Salman’s utopian city was undone by the laws of physics and finance

This fantastic @financialtimes.com piece by @alisonkilling.bsky.social just won an @sabew.bsky.social award for explanatory journalism. Enjoy!
ig.ft.com/saudi-neom-l...

Private credit’s game of footsie is getting riskier [FREE TO READ] Stronger guardrails are needed before these funds seep into the $9tn US retirement market

Before private credit gets anywhere near the $9tn retirement market, the industry must get serious about protecting retail customers from making terrible mistakes. as.ft.com/r/62f67877-a...

Can Reese’s have too many pieces? The line-extension conundrum [FREE TO READ] The company has come under fire for its use of ‘chocolate coating’ and ‘peanut butter creme’

Are Reese’s candies made without real milk chocolate or actual peanut butter “innovation” or “skimpflation”? as.ft.com/r/8368e378-b...

'A really fascinating place': British media giant basing multi-year political series in Bethlehem What's a British media mainstay to do when it needs to find a U.S. city that has sway in a political swing state?

@derekbrower.bsky.social explains why the @financialtimes.com is delving into the economy and politics of Bethlehem PA www.wfmz.com/news/area/le...

The guardrails have held, at least when it comes to Trump’s unprecedented claim that he could impose and lift tariffs basically on a whim. as.ft.com/r/fc0c9968-f...

Why absolutely everyone is peddling an AI application We are either on the verge of widespread adoption or a terrible crash

Half of CEOs believe that their job stability rests on getting AI right. www.ft.com/content/837b...

Watch out for America’s activist attorneys-general Top state lawyers are joining together to challenge Trump and rein in big business

"What we are seeing is federalism at work" -- state AGs take on Trump www.ft.com/content/74dc...

Team DC looks great at the Foreign Press Awards @financialtimes.com

Making IPOs great again has its pitfalls [FREE TO READ] The US needs more public listings but the regulatory pendulum may be swinging too far

We are in the midst of another pullback. The question is can we calibrate it? on.ft.com/4pwtDrP

@financialtimes.com journalists clean up rather nicely. #CPJ

Blue Owl private credit fund merger leaves some investors facing 20% hit Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals

Blue Owl block retail owners of one of its private credit funds from redeeming, & propose a merger that wipes out 20% of their capital value? on.ft.com/47VwL9t

That was a great piece

How the American dream turned out to be pay to play [FREE TO READ] Big brands from Disney to American Express are profiting from economic divisions and making them wider

Companies are working overtime to stratify consumers, separating the haves from both the have nots and the have yachts

on.ft.com/4p6brF8 How the American dream turned out to be pay to play

Deregulation will pour extra fuel on the private credit bonfire The Trump administration’s looser rules could breed more ‘cockroaches’ in the lending market

Getting that bubbly feeling at ABS East in Miami — my @financialtimes.com column on.ft.com/3LaKe5L

The vigorous nods of Bessent How the US Treasury secretary manages up

👂POD TIME👂

In which @robarmstrong.bsky.social goes all fanboy about Scott Bessent

Featuring possibly the greatest potential famous last words of all time, from SB: "Where the hell is the market risk?"

www.ft.com/content/e36c...

Trump’s quarterly reporting move is the wrong idea at the wrong time [FREE TO READ] These disclosures are no passing regulatory fad but a bedrock of US markets

Scrapping quarterly earnings would clearly widen the gap between ordinary investors on the one hand, and company insiders or those with private sources of information on the other. on.ft.com/422X6jT

The people’s chip manufacturer

🇺🇸👂🏼 POD TIME 👂🏼 🇺🇸

me and fast-talking New Yorker @brookeamasters.ft.com on:

-the all-American shakedown economy 💰
-chicken-fried steak 🤔
-pumpkin-spice latte 🤢
-ANZ, you're fired 😱

⛔ Please note this podcast is a Liz Truss-free zone ⛔

open.spotify.com/episode/74eJ...

The boss is back As AI bites and job cuts surge, employees are losing ground — for now

No more Mr Nice Guy. Five years after the Covid pandemic forced employers to embrace empathy and flexibility, bosses are back to laying down the law. www.ft.com/content/605b... www.ft.com/content/605b... via financialtimes.com

The Gods of New York — four fraught years that transformed the Big Apple A compelling portrait of the city argues that the ‘gladiatorial arena’ of egos in the late 1980s fractured its promise of a better life

The Gods of New York — Jonathan Mahler's new book is a fraught trip down memory lane for those of us who grew up in the city in the 1980s www.ft.com/content/8773... via financialtimes.com

ABOUT THE FT The Financial Times is one of the world’s leading news organisations, recognised internationally for its authority, integrity and accuracy.

Big news in the @financialtimes.com DC bureau: new hires and new assignments as we beef up our foreign policy and defense coverage. aboutus.ft.com/press_releas...

Coca-Cola gets roped into making America healthy again [FREE TO READ] Trump’s pressure on food and drink manufacturing raises questions of fairness and predictability

The Maha crusade against artificial ingredients is the Trumpian equivalent of what critics call “regulation by enforcement” on.ft.com/3GU0ruo

Lululemon vs Costco: the fashion copycat fight [FREE TO READ] The athleisure group is challenging public enthusiasm for ‘dupe’ products

They say imitation is the sincerest form of flattery, but what happens when it veers into outright theft?
on.ft.com/44vZx0d

The US constitutional system of checks and balances is being tested with potentially profound consequences for a country founded on the principle of no more kings. Read the conversation between me and @jderbyshire.ft.com on.ft.com/4nrASkL

Pay, perks and CEO prerogatives [FREE TO READ] Reducing disclosure of C-suite packages under the guise of cutting red tape carries risks

Americans may be openhanded with CEO pay but they react badly if their generosity has been abused. (My @financialtimes.com column) on.ft.com/3SIJLIB

I’ll be on @msnbc.com tonight discussing tariffs, trump’s decision to call the military in to California and what the courts will think of both.

Should ordinary US retirement accounts be investing in private assets? [FREE TO READ] Some worry that PE funds could become a dumping ground

Industry enthusiasm for putting ordinary US retirement money into private assets comes as institutional investors are falling out of love with the sector and looking to cut back on.ft.com/3ZFMK8j