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🦔Meta's $10 billion Hyperion data center in Richland Parish, Louisiana, will receive $3.3 billion in state and local tax breaks over 20 years, enough to fund the state's entire police budget for more than seven years. The deal exempts Meta from sales and use taxes on roughly $35 billion in GPUs. Louisiana is one of 36 states offering tax breaks for data centers, with Virginia foregoing $1.9 billion annually, Georgia $2.6 billion, and Texas jumping from $150 million to over $1 billion in a single year. Only 11 of those 36 states disclose which companies receive the breaks. Local opposition blocked 48 data center projects worth $156 billion in 2025. My Take Louisiana taxpayers are subsidizing Meta's GPU purchases at a rate exceeding what the state spends on most of its public services, and Meta is spending $135 billion on capex this year. The company does not need help getting off the ground. The justification comes down to 500 operational jobs once construction ends, which does not pencil out in any honest accounting of public investment return. The race keeps happening because states are competing against each other, and the only beneficiaries are the hyperscalers playing them off. 25 of the 36 states giving away billions refuse to disclose which companies are receiving the breaks, which removes the accountability that would normally check this kind of arrangement. Good Jobs First says the $3.3 billion estimate likely understates the true subsidy because nobody outside the deal actually knows what got promised in the contract. Local opposition blocking $156 billion in projects last year is the only mechanism currently slowing the race, and the disparity between what hyperscalers are getting and what communities receive in return is wide enough that a reckoning on these deals is coming. The only question is whether it arrives before the next 3,000 data centers get built or after. Hedgie🤗

🚨 NEW: Zohran Mamdani to invest $122M in NYC public schools, hiring 1,000 additional teachers.

BREAKING: Premier Danielle Smith says that while her government supports Alberta staying in Canada, she will be appealing a court decision that quashed a possible separatist petition/referendum.

🚨 When Mayor Mamdani took office, NYC had a $12 billion deficit. It is now $0.