Remi Johnson

#Committed @MUHawksFB @LakeBraddockFB @VAspartans7v7

I see the spirit in their eyes that is burning in my soul too.

One of the often slept-upon benefits of attending the University of Chicago is that they make you read Marx as part of the core curriculum, which is why this article gave me flashbacks of taking SOSC 114 as a freshman. Marx, writing during the Industrial Revolution, predicted capitalism would periodically devour itself: firms replace labor with machinery to boost profits, but competition diffuses the technology, drives prices to marginal cost, and the gains get competed away. Meanwhile, displaced workers lose purchasing power, hollowing out the demand the whole system depends on. Production rises but no one can afford to buy what's produced - the contradiction between production and realization. Citrini's piece describes this exact dynamic, then declares there's "no natural brake." It's the most Marxist piece of financial analysis written in years, and makes the same errors Marx did. Schumpeter offered the obvious rebuttal 80 years ago: creative destruction doesn't just destroy, it creates industries we can't yet conceive of. Everyone in the replies is already making this point, and I think they're right. But the sharper rebuttal is Hayek's: prices are the brake Citrini says doesn't exist. Who funds $200bn / qtr in AI capex when equities are down 38%, private credit marks are in the 50s, and consumer demand has collapsed? Cost of capital rises. Incremental build-out becomes uneconomical. Capital gets destroyed and reallocated. Citrini also unknowingly describes Marx's proletarianization of the petite bourgeoisie: the $180k PM driving Uber is textbook. But the article claims this collapses consumer demand, and that's where it breaks. The top decile drives 50%+ of spending and their wealth is in equities, not W-2 income; they're long the hyperscalers posting records in Citrini's own model. Blue collar is insulated because AI replaces cognitive labor, not physical. The professional middle class gets crushed, but aggregate demand doesn't. The spending class IS the capital-owning class. The K-shaped recovery they fear actually stabilizes the demand base they say is collapsing. In the stable aggregate demand, the petit bourgeoisie finds ways to reinvent itself. I think the Citrini piece is excellent and worth reading. But history has repeatedly shown that periods of transformative productivity gains ultimately accrue to the consumer through lower prices, more leisure, and higher quality of life. Marx's error wasn't diagnosing the disruption, it was underestimating the system's ability to adapt.

Wow!

@MonmouthHawks @MUHawksFB @CAAFootball @NCAA_FCS Legend

A program built from the ground up by 𝒐𝒏𝒆 𝒎𝒂𝒏 🐐 Thank you for 33 incredible seasons leading the Hawks, Coach Cal! #FlyHawks || @MUHawksFB

Kevin Callahan, who has a 197-151 record as the only head football coach in Monmouth history, is retiring from the position to transition to a special advisor role within the athletic department. He was hired in August 1992. Associate head coach Jeff Gallo, who has both played and coached under Callahan, has been named the program's second head football coach.

Coaches booth = MOOD #FlyHawks

𝐏𝐀𝐑𝐓𝐘’𝐒 𝐉𝐔𝐒𝐓 𝐆𝐄𝐓𝐓𝐈𝐍𝐆 𝐒𝐓𝐀𝐑𝐓𝐄𝐃. 🎥 Recap: Towson Takeover #FlyHawks || @CAAFootball

"French pensioners now have higher incomes than working-age adults" - extraordinary By @jburnmurdoch

Twenty-four years ago today, evil took 2,977 innocent lives in the deadliest terror attack ever carried out on American soil. Among those murdered were my brother Gary, my best friend Doug, and 656 other colleagues and friends from Cantor Fitzgerald. I am alive today because that Tuesday was my oldest son Kyle’s first day of kindergarten. I was dropping him off instead of going to my office which occupied the 101st through 105th floors of the North Tower of the World Trade Center. As I entered the classroom my phone started ringing but disconnected each time I’d answer. I later learned that it was my brother Gary trying to call. He spoke to my sister and said goodbye. What I’ve learned serving as the Secretary of Commerce is how profoundly beautiful and extraordinary this country is, but also how desperately our adversaries wish us harm. Make no mistake: if given the chance, the monsters who orchestrated the September 11 attacks, and those like them, would do it again. And again. And again. But the greatness of America lies in the way our military, our government, our first responders, and our people confront these horrors, challenges and threats. America is a nation that rebuilds, endures, and never surrenders to evil. Today, we honor those we lost 24 years ago and the brave first responders and individuals who courageously stepped up to save others. Today I am so very sad as I remember, and so very proud to be an American.

If you quit it's easy to predict your future... Video Credit to graziosimotive

A socialist will likely be my next mayor! I don’t often report on local politics, but I make exception for Zohran Mamdani because people BELIEVE in him. He got a record number of votes in the primary! Yet what he believes is just so STUPID. Here’s why:

“There is no room in this country for hyphenated Americanism...Americanism is a matter of the spirit and of the soul. Our allegiance must be purely to the United States. We must unsparingly condemn any man who holds any other allegiance.” - Theodore Roosevelt

MLB pitcher rankings the last 5 years

FCS Jersey Countdown 6⃣4⃣ The best returning No. 64 is @MUHawksFB OL Chris Moreno (@ChrisMoDB51) Moreno helped protect the No. 2 FCS passing offense, allowing 0 sacks, 1 QB hit, and 3 hurries for a 99.5 pass-blocking efficiency The Countdown herosports.com/fcs-football-2…

Shout out the 🐐 himself @Coach_Runza… CONFERENCE CHAMP!!! Heading to UFL Championship!! #HawksInThePros #FlyHawks @MUHawksFB

Transfer Portal- Marymount University Jack McCarthy- 6’2 210 C Redshirt Sophomore (3 Years Eligibility) .399 AVG (55/138) .565 SLG 1.009 OPS .444 OBP 44 RBI 5HR Cell: 703-949-8976 @FlatgroundBats

@MUHawksFB @Coach_KCal has not 1 but TWO on the list (truth is could be more) LFG!! 3 months from today it starts! si.com/college/fcs/mv…

Pope Leo XIV explains his choice of name: "... I chose to take the name Leo XIV. There are different reasons for this, but mainly because Pope Leo XIII in his historic Encyclical Rerum Novarum addressed the social question in the context of the first great industrial revolution. In our own day, the Church offers to everyone the treasury of her social teaching in response to another industrial revolution and to developments in the field of artificial intelligence that pose new challenges for the defence of human dignity, justice and labour."

Charts on crude net-positioning of non-commercial accounts (=managed money and other reportables) in Brent and WTI futures and options combined (ICE, CFTC) #OOTT latest value is May 6