
Common Futures
31.4K posts

Common Futures
@CommonFutrs
Community Ownership Explorer & Civic Engineer. MBE DU Essex (Hon). Polymath. Technophile. Rugby. Tweets my own/RTs not endorsements.








For iOS users who prefer phone in light mode but X in dark mode, until the @X team restores the toggle function, here’s a workaround: Open Shortcuts app Select Automation tab Tap + and select ‘App’ Choose ‘X’ and select ‘is opened’. ‘is closed’, ‘Run immediately’ Tap ‘Next’ +








Bloomberg: Investors on Wall Street have a new fear that AI will make whole business models useless and put entire firms out of work. When the firm Block cut its workforce by nearly 50% to use AI, its stock price jumped by 15%. On the other side of the coin, IBM saw its stock drop when Claude Code showed it could do the work of huge teams of human consultants. This shift is a classic example of creative destruction, where the economy grows by letting new tech replace outdated ways of working. The risk is that this transition happens so fast that it leaves many companies with huge debts and no way to compete. This is a total rewrite of how we value human expertise rather than just a basic tech upgrade. --- bloomberg. com/news/articles/2026-03-05/wall-street-s-ai-stock-trade-is-about-the-next-blockbusters



Did he just crush Lloyd’s of London?

BREAKING: China is pressuring Iran to reopen the Strait of Hormuz. There is one problem. Iran did not close it. Seven insurance companies in London did. China buys 80% of Iran’s shipped oil. Beijing has a $400 billion, 25-year cooperation agreement with Tehran. China is Iran’s economic lifeline. If any country on earth has leverage over Iran, it is China. And China is now using that leverage to demand the Strait reopens. But the Strait was not closed by a sovereign decision. It was closed by the withdrawal of reinsurance capacity from five to ten firms, mostly in London, backstopping twelve P&I clubs that cover 90% of global tonnage. Iran did not order those firms to withdraw. Iran cannot order them to reinstate. Neither can China. Even if Tehran capitulates entirely tonight and the IRGC stands down, not a single reinsurer reinstates Gulf war risk coverage on a phone call from Beijing. Reinstatement requires rebuilt risk models, voyage-by-voyage re-underwriting, repriced treaty capacity, and a threat environment that actuaries can quantify. None of that exists while 440.9 kilograms of weapons-grade uranium remains unaccounted for and the IRGC is still launching drones at Oman. China has leverage over Iran. China has zero leverage over Lloyd’s of London. This is the part nobody is modelling. The country with the most to lose and the most leverage over the belligerent cannot fix the mechanism that actually closed the Strait. Because the mechanism is not geopolitical. It is actuarial. And actuaries do not take calls from the Politburo. open.substack.com/pub/shanakaans…





Gas prices jumped again this morning and are on track to double - a stark reminder of our exposure to fossil fuel volatility. The real solution isn’t more drilling, but moving away from combustion: electrify, use renewable power, and boost energy efficiency.



