The weekend is right here! Pour your self a mug of Danish Mix espresso, seize a seat outdoors, and prepare for our longer-form weekend reads:
• America Didn’t Lose Its Uncommon Earth Trade. It Bought It.: Markets value for price. China costs for management. The chance of a uncommon earths cutoff is uneven, and the financing to rebuild American provide ought to be too. Kirsten Asdal: Beijing’s rare-earth export controls have been suspended one brief reprieve at a time since October 2025, the newest till Nov. 10. How the US ended up this dependent. (Lawfare)
• The Defector: A Russian Officer Turned In opposition to His Nation and Helped Ukraine Kill A whole bunch: Beginning on a frigid February morning in jap Ukraine as a convoy of senior Russian officers arrives to observe a coaching train. One of many deadliest saboteurs in current navy historical past, Lt. Lev Stupnikov fed troop areas and battle plans to the enemy earlier than making a daring escape (Wall Road Journal)
• Studying Is Not Dying: Osita Nwanevu pushes again on the literacy-crisis panic, and on why the case for studying is so onerous to write down. Stories of a literacy disaster misunderstand the best way we learn immediately. (New Republic)
• Earnings, Cashflows and Inventory Costs: The AI Spending performs by means of! The market added $2.5 trillion in market capitalization throughout all shares in September 2026, however nearly $1.5 trillion of that got here from expertise As you look throughout the whole yr, damaged down by quarters, here’s what you see within the combination market caps: Aswath Damodaran: shares saved climbing by means of 2026’s rising charges as a result of earnings beat expectations. Now he follows the AI capex cash by means of earnings and money flows. (Musings on Markets)
• Russia Is Utilizing an Military of Bots to Push Pretend US Election Movies: Russian disinformation operators are inflating view counts on fictitious posts about celebrities and Democratic candidates forward of the midterms. State-backed Matryoshka marketing campaign concentrating on Democrats inflates view counts of fabricated tales, creating phantasm of recognition. (Bloomberg)
• The Empty Mind: Scientists won’t ever discover a copy of Beethoven’s Fifth within the mind, as a result of the mind doesn’t retailer info like a pc, not even reminiscences. A provocation towards the dominant metaphor. Your mind doesn’t course of info, retrieve data or retailer reminiscences. Briefly: your mind will not be a pc. (Aeon)
• Why I Stay Stateless: A Quick Historical past of “Chōsen-seki”. Chōsen-seki doesn’t imply North Korean nationality. The Japanese authorities’s official definition is that it’s “a designation given to individuals originating from the Korean Peninsula, and their descendants, who haven’t been confirmed to carry any nationality, together with South. Taejun Shin explains Japan’s Chōsen-seki standing and why he retains it regardless of the effort (Taejun’s Substack)
• How Ukraine makes use of precision drone strikes to hobble Russian oil refineries: Kyiv is concentrating on important elements which can be onerous to restore. The strikes have crippled Russia’s diesel manufacturing and are on the middle of a brand new standoff between President Trump and Ukraine. (Washington Submit)
• A number of the most pristine coral reefs have a secret weapon: birds: chicken poop. Coral reefs close to seabird colonies are typically more healthy, due to the vitamins that birds deposit of their guano. It’s one motive tropical islands and atolls are biodiversity sizzling spots within the huge Pacific Ocean. (NPR) see additionally Stanford Discovers Method to Save Ghostly Corals From the Brink: In a examine in Science Advances, bleached coral totally recovered inside seven weeks after bodily touching wholesome coral within the lab. Well timed, with El Niño pushing Pacific temperatures close to information. (SFGate)
• ‘Wallace and Gromit,’ 90% Alone. Throughout Park’s years on the primary Wallace and Gromit movie, it will’ve been onerous to foresee the size of its affect. He needed to give up many instances. A Grand Day Out was his way-too-ambitious commencement challenge, and he didn’t have the posh of a full workforce. As he defined, “I did most likely 90% of it myself.” Animation Obsessive on Nick Park’s time making A Grand Day Out, plus an training challenge and animation information. (Animation Obsessive)
Video of the day: It May Get Loud: The Edge (U2), Jimmy Web page (Led Zeppelin), and Jack White (The White Stripes)
Make sure to take a look at our Masters in Enterprise interview this weekend with Bob Michele, J.P.Morgan Asset Administration’s Chief Funding Officer and Head of the International Fastened Revenue, Forex & Commodities group (GFICC). JPMAM runs about $4.3 trillion (as of March 31, 2026).
AI’s Big Cash Loop Is Drawing International Money Like 2008
Supply: Bloomberg
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