Mothekgi R.

Weekly reminder that Bill Gates owns the land in Washington state used to grow the potatoes for McDonald’s fries

President Trump didn't start a war in Iran. He is cleaning up the mess of Obama, Biden, and every other President who has failed.

Has Helen or other DA leaders said anything about the water problem at the Cape Town International Airport, or is that the purview on national government unlike ORT that’s the responsibility of the mayor of Johannesburg?

Helen failed this province but want to help jozi

Cape Flats:

🦔 Oracle laid off between 20,000 and 30,000 employees Tuesday morning, roughly 18% of its global workforce, via a single email sent at 6am EST with no prior warning. System access was revoked almost immediately after. The cuts are expected to free up $8-10 billion in cash flow. Oracle's stock has lost more than half its value since September 2025 and the company now carries over $124 billion in debt, up from $89 billion a year ago, with free cash flow running negative $10 billion last quarter. My Take Oracle posted a 95% jump in net income last quarter and still eliminated 18% of its workforce by email before most people finished their morning coffee. This is not a company in distress in the traditional sense. It's a company that made an enormous debt-funded bet on AI infrastructure and is now converting its workforce into cash flow to service that debt. We've covered Oracle's AI gamble for months. The $300 billion OpenAI deal through Stargate, $50 billion in capital expenditure this fiscal year, over $124 billion in total debt. Multiple US banks have pulled back from financing Oracle-linked data center projects. Bondholders have sued Oracle claiming it concealed how much additional debt the OpenAI deal would require. The credit default swap spread hit a three-year high earlier this year, meaning debt investors are genuinely nervous about getting paid back. The workers who got that 6am email built the products Oracle has monetized for decades. The bet that eliminated their jobs was made by people who were already paid regardless of how it turns out. That is the part of the AI infrastructure race that doesn't show up in the capex announcements. Hedgie🤗

Listen carefully. From this, it appears that he, and the government he leads, are of the view that the State should have a limited role in the economy, and it is the Private Sector that drives growth and development. You see it, in the latter portion, where he posits that (State) monopolies in network industries invariably lead to inefficiencies and competition unlocks that. He then says, without supporting it, that the privatisation (by stealth) will lead to lower costs over time. I’m not certain how this all tracks with the dream to build a Developmental State. Neither am I certain that it is tracks with the evidence we see across the globe where even developed countries such as the UK are attempting to roll back their Thatcher-era privatisation policies. They do so, having realised that the promised efficiencies and lower cost to consumers have not materialised, and instead it has simply enriched Big Business and their friends in politics. [This is an evolving enquiry.] 🎥@/SABCNews

Listen carefully. From this, it appears that he, and the government he leads, are of the view that the State should have a limited role in the economy, and it is the Private Sector that drives growth and development. You see it, in the latter portion, where he posits that (State) monopolies in network industries invariably lead to inefficiencies and competition unlocks that. He then says, without supporting it, that the privatisation (by stealth) will lead to lower costs over time. I’m not certain how this all tracks with the dream to build a Developmental State. Neither am I certain that it is tracks with the evidence we see across the globe where even developed countries such as the UK are attempting to roll back their Thatcher-era privatisation policies. They do so, having realised that the promised efficiencies and lower cost to consumers have not materialised, and instead it has simply enriched Big Business and their friends in politics. [This is an evolving enquiry.] 🎥@/SABCNews

Long queues at filling stations. I never understand this logic.

Oracle is firing 30,000 employees, early morning layoff emails have started arriving

🦔 Oracle laid off between 20,000 and 30,000 employees Tuesday morning, roughly 18% of its global workforce, via a single email sent at 6am EST with no prior warning. System access was revoked almost immediately after. The cuts are expected to free up $8-10 billion in cash flow. Oracle's stock has lost more than half its value since September 2025 and the company now carries over $124 billion in debt, up from $89 billion a year ago, with free cash flow running negative $10 billion last quarter. My Take Oracle posted a 95% jump in net income last quarter and still eliminated 18% of its workforce by email before most people finished their morning coffee. This is not a company in distress in the traditional sense. It's a company that made an enormous debt-funded bet on AI infrastructure and is now converting its workforce into cash flow to service that debt. We've covered Oracle's AI gamble for months. The $300 billion OpenAI deal through Stargate, $50 billion in capital expenditure this fiscal year, over $124 billion in total debt. Multiple US banks have pulled back from financing Oracle-linked data center projects. Bondholders have sued Oracle claiming it concealed how much additional debt the OpenAI deal would require. The credit default swap spread hit a three-year high earlier this year, meaning debt investors are genuinely nervous about getting paid back. The workers who got that 6am email built the products Oracle has monetized for decades. The bet that eliminated their jobs was made by people who were already paid regardless of how it turns out. That is the part of the AI infrastructure race that doesn't show up in the capex announcements. Hedgie🤗

A$AP Rocky was chatting with a lady when Rihanna walked up and tapped him on the arm. 😳 Her face said it all 👀