Nathaniel William Horadam

I’m pleased to share a new project I’ve been cooking up these past couple of months. Welcome to "Tailings: Lessons from the frontlines of America’s quest for critical minerals security". 🔌💡🔌🚗 tailings.substack.com/p/introduction

"Ford has forecast as much as $2B of higher commodity costs this year. Semiconductor-equipment manufacturer Applied Materials, auto-parts maker Allison Transmission and can producer Ball have told investors that they are passing on higher aluminum costs to customers." 🔌💡 www.wsj.com/business/alu...

Pretty clear from Marist and the others herding with aggressive LV screens that they're weighting for a much stronger GOP turnout than the early voting data suggest. It could be correct, but it increasingly looks like they're going to have egg on their faces.

He’s definitely got that dawg in him.

For the fabulously wealthy, paying taxes is pretty much optional. They can borrow against their vast wealth, which is mostly an untaxed capital gain, without paying taxes. When they die, the capital gain goes to zero. And loopholes exist to bypass the estate tax too.

I don't vote early unless I expect to be out of town*, but admittedly I have some concern about election day shenanigans and am contemplating pulling the trigger at the end of this week. *(I really don't think we should have more than a week of in person early voting, if at all. Info asymmetry.)

Okay so the project is real, has been in the works for some time, and may be ready to break ground sometime next year if all works out with corporate. But I suspect the announcement was rushed and there are still lots of key details (including models) to hash out. 🔌💡🚗 www.ajc.com/business/202...

I think we underestimate the appeal of antigambling politics because every problem gambler is surrounded by 3-10 people who are absolutely sick of their shit.

"Lula is in a much “stronger position today than he was a year ago, and in particular on the critical mineral front,” said Mark Langevin, a senior adviser focused on Latin America and energy policy at Horizon Engage, a geopolitical risk advisory firm." www.politico.com/news/2026/10...

When the next US Congress investigates corruption, Trump's oil-deal-of-the-century with Alejandro Betancourt, the face of Venezuelan corruption, should be top of its list. Two kleptocracies working together. Brilliant essay by @anneapplebaum.wsocial.eu www.theatlantic.com/magazine/202...

Brb have someone to report for buying swing state votes in 2024

I still peg the likely split around 8. But this falls into the “apocalyptic” category for Georgia Rs. And suggests there might be quite a bit more collateral damage downballot.

Elon should be forced to pay restitution to each and every one of them.

“The first LLM designed to tear your organization apart from the inside over petty differences”

RIP Walter Koenig. Poetic in a way that either Kirk or Sulu will be the last one standing.

🌴🌴🌴

Colombia's right-wing president acknowledges Lula's win. Donroe Doctrine in shambles.

“Every committee is going to want a piece of this,” said Brandon Rios, co-lead of the congressional investigations group at the law firm DLA Piper. “Companies in this ecosystem are going to face multiple fronts of investigations.” www.washingtonpost.com/technology/2...

I haven't donated to any political candidate since 2022 (one small GA House race contribution) and really since 2020. The reason has more to do with limiting my exposure to future fundraising lists than any political/aesthetic statement. I would give more if the spam cleared out.

Everyone thought Lula was cooked, hopeless. Then he bought a phone and started posting and now he's gonna get a 4th term. The lesson is to never stop posting.

As expected, markets not happy with the result in Brazil.

All the places we expected them to spend the last week of this campaign at the start of this year.

And there it is. Lula back on top. This time, for good. Puppies for everyone!

It's never been more Bolsonover.

I think we'll be able to call this one within the hour. Lula is gonna do it.

ah yes, here we go again

Prediction markets have swung wildly in Lula's favor based on the initial returns. Still too early, but hopefully it holds.

The Habsburg dominions are the heartland of freedom.

Okay don’t get mad at me but I drive an EV and bought a bunch of $XOM in March so *technically*…