JohnnyBeGood 🇧🇷🇺🇸🇺🇳🕊️

There's a lot of confusion out there, including with Trump, that the US has lots of oil to sell to the world. We do not. We're a net importer of crude (~+3 Mb/d). The EIA reports that fact in great detail every week. The confusion stems from using the term "petroleum exports" which includes the bodacious amounts of natural gas liquids (NGL) that come from our wet gas plays. That stuff isn't "oil" and it is exported because it's wildly overproduced compared to our needs. Yes, the US is a net exporter of "petroleum," but it's also a net IMPORTER of crude oil. In other words, the US has none to sell. There's more complexity to why we export 3M b/d of crude (it's the wrong kind for our refineries) and also import 6.4 M b/d of crude (which is the right kind).

I annotated it with appropriate paraphrases.

The first time I heard the name "Homer Sarasohn," it was an ex-@Apple engineer telling me there should bronze statues of the guy in Apple Park, Cupertino. "These ideas didn't come out of nowhere," the source said, when I asked about Apple's supply chain strategy. "It all goes back to what Homer taught in occupied Japan." "Sorry, who?" I asked. I was intrigued but entirely baffled. Occupied Japan? All I really learned in that conversation was the spelling of his name. I had told the source I was researching a feature on how Apple manufactures its products. He wished me well but said he wouldn't help. All he said was that Apple's supply chain strategy was important, ill-understood, and wildly counterintuitive. And that the key was this 29-year old engineer summoned to war-devastated Tokyo in 1946. Finally, nearly three years later, I've written a double-feature for the @FinancialTimes telling Homer's story, connecting it with why a struggling Steve Jobs discovered the value of "process" in 1990, and then how these ideas helped shape Apple's supply chain strategy in the decade now remembered as the greatest corporate turnaround ever. Why wasn't this in *Apple in China*, you might ask? Well, in my book pitch, I wanted it to be the opening chapter. But, structurally, that was difficult to pull off, and I worried that spending a few precious weeks studying 1940s Japan was a bad way to spend my book leave. Once the book was published I kept reading the few obscure articles about Homer. I even got to check out the Library of Congress archives, which has the Japanese textbook he wrote for top corporate executives, black & white photos of Homer in Japan, and much else. Then, two months ago, I realized Apple's 50th anniversary was probably the last chance I'd get. I wasn't sure anyone else would care, but the feedback has been great -- and part two really packs some oomph. I'm thrilled to have it published. Hope you enjoy! as.ft.com/r/9695f3b7-53f… as.ft.com/r/cc78ee1d-6ec…

The Worst War Speech in American History. He Announced That Himself. Before the cameras rolled, Trump told reporters what to expect: “Tonight, I’m making a little speech at 9 o’clock. And basically I’m gonna tell everybody how great I am.” He delivered. Nineteen minutes. First wartime address to the nation. What serious people said afterward Chuck Schumer asked whether there had “ever been a more rambling, disjointed, and pathetic presidential war speech” in history. “Donald Trump’s actions in Iran will be considered one of the greatest policy blunders in the history of our country,” he wrote. Trump is “completely unfit to be Commander-in-Chief and the whole world knows it.” Senator Mark Warner said Trump had offered “a moving target of justifications for this war of choice, none matched by the serious planning required to manage its predictable consequences.” Senator Blumenthal said it “failed to meet the moment” and that Trump offered “magical thinking but no real plan.” Senator Chris Coons kept it surgical: “No clear plan. Rambling, unmoored, unserious.” Representative Yassamin Ansari, Iranian American, on Trump’s promise to send Iran back to the Stone Age: “He’s talking about a country of 90 million people. Vile, horrifying, evil.” Even Ann Coulter was not clapping. She posted a screenshot of surging oil futures the moment the speech ended, with the caption: “Trump’s magnificent speech got results! Way to go, Mr. President!” From the markets: Russel Chesler, head of investments at VanEck Australia: “The markets are certainly not interpreting the speech as positive. If he was trying to inspire confidence, he has not done that.” Stock futures dropped the moment Trump finished. The Dow slid over 260 points. Oil surged. His approval rating as Commander-in-Chief: 33%. Down eight points since January. If I had a child in the US military today, I would chain them to the radiator. Not metaphorically. With an actual chain. Because no parent in their right mind sends their kid to die for a man who previewed his own wartime address by announcing he planned to spend it praising himself. He was not wrong about that. Gandalv / @Microinteracti1 x.com/Amockx2022/sta…

Awesome performance of Purple Rain by @springsteen and #Estreetband last night in Minneapolis at @TargetCenterMN . Absolutely stellar guitar work by Nils and Tom Morello. Stunning. Video by SeanEsq on YouTube #springsteen

Miami is now home to…. Citadel HQ (2022) Microsoft (Latin America HQ) Palantir Amazon (huge Wynwood office) Uber (increased its footprint) Anaplan ($10.4B software company) Kirkland + Ellis Sidley Austin Varonis ($3B cybersecurity) Rumblings that Blackstone, Goldman Sachs, Santander, and FC Barcelona have expanded or are moving to Miami. Who lives here? Jeff Bezos Larry Page Mark Zuckerberg Sergey Brin Ken Griffin Peter Thiel Alex Karp Josh Harris Sami Mnaymneh William Berkley Rakesh Gangwal Orlando Bravo Tom Brady Mickey Arison Carl Icahn Norman Brahman Just to name a few. No state income tax. Business-friendly regulations. Miami is becoming THE PLACE to be. The next Manhattan with better weather and better taxes.

Trump just cut a midterm ad for every Democrat in America.

Coisa linda.

Pesadíssimo isso aqui 👇 “A gente tem informações que apontam circulação de recursos entre esse grupo criminoso (PCC) e familiares da Ministros Dias Toffoli e Alexandre de Moraes..” 👀

NEWS: MAGA Mike caves on DHS funding. After refusing to bring it to the floor amid pressure from Trump, Mike Johnson just announced, in a joint statement with Majority Leader Thune, he’ll move forward the SAME Senate DHS bill passed unanimously last week that excludes ICE and CBP funding.

In honor of 50 years of Apple, we're sharing - for the first time ever - Don Valentine's original 1977 memo for Sequoia's investment into Apple Computer. #Apple50

@roderix1966 Era um banco que se “identificava” como banca de jornal! Um banco no meio de bancos ! Mas sem pagar 44% de imposto de renda 🤣

Coisas do Brasil. Na rua que trabalhava na Vila Olímpia, SP tinha uma banca de jornal enorme. Vivia cheia, vendia de tudo…brinquedo, refris, etc…Um dia saiu uma reportagem sobre nossa empresa na Exame fui lá comprar! A revista mais nova que tinha era tipo Manchete carnaval 91! Aí q me liguei! O “jornaleiro” ficava numa cabine blindada 🧐. Turma ia lá pra descontar vale alimentação em grana viva! Fazia fila!

Aquela reunião poderia ser um email ... Acontece?

O comercial com Chico Anysio que inspirou Hollywood Essa é uma propaganda da Sharp de 1990, com um texto incrível (e muito similar aos filmes "Click" e "Benjamin Button", que vieram muito depois) Triste ver como a publicidade brasileira virou um lixo após ser tão brilhante:

So there was this couple who checked into a hotel somewhere in Krabi, Thailand. One partner ran crying at 5 AM, saying there was something around her neck: a SNAKE slithering by their bed. It was reported to the staff, and here is what they found:

Some days you can’t love social media enough. This is one of those days. It began like this. Someone stole 12 tons of KitKats. And then the replies started coming in. Scroll down.

Trump's approval rating just fell below 40 percent in our tracking for the first time. And his net approval rating is now -17.4, also a new low and down about 5 points over the past several weeks.

Charles Barkley risked getting fired on CBS last night, calling out Trump for attacking immigrants: “The way some of these immigrants are getting treated in our country right now is a travesty and a disgrace. What we’re doing to some of these amazing immigrants is really unfortunate and really sad.”

Pontes queimadas Na política, rasteiras circulam como moeda corrente. Existe uma regra simples para quem pretende durar: acordo cumprido mantém gente por perto. Acordo ignorado esvazia projetos a longo prazo. Base política nasce de previsibilidade. Fidelidade quando interessa. Pragmatismo quando aperta. O que o clã Bolsonaro está fazendo (em alguns casos) vai na direção contrária. Estão queimando pontes em sequência. Preste atenção em três movimentos recentes. 1) Paraná O ambiente estava alinhado com o governador Ratinho Júnior, do PSD. A ideia era não criarem uma disputa no primeiro turno e mirarem Lula. Ratinho ajudaria Flávio no segundo turno. A decisão de Flávio Bolsonaro e da cúpula do PL, porém, foi ousada: rasgar o acordo de não ataque e filiar Sergio Moro para disputar o governo. Ratinho volta as bases e se torna uma força contrária ao Flávio no estado. Efeito imediato: debandada. Prefeitos e lideranças deixam o PL. 2) Santa Catarina Havia entendimento com Esperidião Amin, do PP, para composição ao Senado com o governador Jorginho Mello. Veio a ruptura. Tentativa de chapa fechada do PL com Carlos Bolsonaro e Carol De Toni. Ciro Nogueira já leu o movimento. O PP não aceitará esse tipo de operação quietinho. 3) São Paulo, a pior de todas. Aqui o custo é maior. O governador Tarcísio de Freitas decidiu reconfigurar o jogo ao lado do bolsonarismo. O vice Felício Ramuth saiu do PSD e migrou para o MDB de Ricardo Nunes. Lembrando que o espaço de Gilberto Kassab no governo foi reduzido e entregue a Roberto Carneiro, ligado ao Republicanos. Esse é o ponto. Kassab era o grande nome do Tarcísio fora o Bolsonarismo. Kassab não reage em público, deixa a impressão que está tudo ok. Ele controla um partido que expandiu prefeituras pelo país e mantém uma das maiores bancadas do Senado. Ao romper com PSD e tensionar lideranças no Sul e no Sudeste, Flávio Bolsonaro comete ao meu ver, um erro, um risco desnecessário. Na prática, empurram Kassab, o PSD e a ala insatisfeita do partido para mais perto de Luiz Inácio Lula da Silva. E existe um detalhe que está sendo ignorado por Flávio. Kassab pode responder em três etapas. Agora, silêncio. Tapinha nas costas. “É do jogo”. Sem estresse. Depois, movimento. Lançamento de Eduardo Leite. Um perfil que entra na campanha para confronto direto. Diferente de Ronaldo Caiado, tende a bater em Flávio Bolsonaro o tempo todo. Nos debates, Flávio passaria a apanhar de Renan Santos, de Eduardo Leite e do candidato petista. Se fosse Ratinho Júnior ou Caiado, haveria uma escadinha mais confortável contra o PT. Não nesse cenário acima. Por fim, segundo turno. Kassab não apoia Flávio. Apoio informal ao candidato petista. Eduardo Leite declara independência. O PSD opera nos estados. Prefeitos, vereadores, estrutura. Capilaridade nacional gigantesca em ação. Kassab fica calado agora. Mas vira obstáculo natural no caminho de Flávio. A troco de quê? De coerência. E com razão. Flavio destruiu os planos de Kassab. Ps.: estão ventilando o Kassab ser vice do Lula agora. Não tenho informações se pode ou não ocorrer. Seria o plano perfeito para o centrão ganhar a presidência, sem precisar disputar. Mas será que Lula não lembraria do Temer vs Dilma e seria tão burro? Tão inocente?

From a first-generation Hispanic family — the very first in her household to go to college — she poured everything into her dreams. Harvard said no. But Yale, Dartmouth, and Penn State said YES. She showed her official stats and grades to prove what she already knew in her heart: she earned every single acceptance through hard work, resilience, and talent. ✨