Category: News
The Selective Outrage Of Judge James Boasberg
The Selective Outrage Of Judge James Boasberg
Below is my column in The Hill on two controversies involving Chief Judge James Boasberg this week in Washington, D.C. Both involve claims that branches undermined or intruded on the authority of another branch. However, these separation-of-powers conflicts produced strikingly different responses from Judge Boasberg. It seemed that the court’s concerns depended greatly on whose ox was being gored in a tripartite contest.
Here is the column:
For months, District Court Chief Judge James Boasberg has been very much in the news.
This spring, he issued a 46-page decision finding that the Trump administration may be in contempt of court for violating his order to return flights of deportees being sent to El Salvador.
In that ruling, Boasberg insisted that it was essential for him to know the facts on whether “officials of a coordinate branch” had undermined judicial integrity.
After all, nothing short of the separation of powers was at stake. This week, Boasberg announced that he was moving forward without further delay to ferret out who was responsible for the alleged violation.
That message, however, has now been undermined by another Judge James Boasberg, who is in the news this week as part of the controversy over the Justice Department’s acquisition of telephone records of leading Republican members of Congress.
Boasberg had imposed a gag order on telephone companies to prevent them from informing Congress that the executive branch was snooping on who had been in contact with them.
These two James Boasbergs seem as different as the two Jeffrey Epsteins referenced this week by Rep. Jasmine Crockett (D-Texas) — one a presumably respectable medical doctor, the other a deceased sex offender. However, to use Crockett’s formulation, it was indeed “that James Boasberg” in both cases.
The growing scandal over the seizure of telephone records of Republican members of Congress by former Special Counsel Jack Smith has continued to grow with new disclosures. This includes revelations that Smith obtained of records for former Speaker of the House of Representatives Kevin McCarthy (R-Calif.) and House Judiciary Chair James Jordan (R-Ohio).
It is difficult to overstate the gravity of this intrusion into the legislative branch. These records can reveal whom members spoke with and when such calls took place. It can reveal communications with journalists, whistleblowers, and others speaking confidentially with representatives. It can also reveal embarrassing information about members from their personal numbers.
The gathering of such information without an obvious good cause can potentially deter members in confronting the Justice Department, which is notorious for leaking information against critics and targets.
Ironically, such leaks are at the heart of investigations led by the very targets of these orders, including Jordan and Sen. Chuck Grassley (R-Iowa). It also included McCarthy, the person second in line for the presidency, who could ultimately assume authority over the Justice Department under the Constitution.
The demand under Operation Arctic Frost was unprecedented in scope, with dozens of subpoenas going to such carriers as Verizon and AT&T. Nineteen such orders for these telephone records were accompanied by judicial nondisclosure orders for subpoenas signed by Boasberg. While commonly issued, these nondisclosures have long been controversial. It did not seem to matter that the Justice Department was targeting the very members exercising oversight over investigations into its own previous abusive use of investigatory powers.
It is still not clear for what crimes these members were being investigated. The order on Jordan in 2022 covered two prior years.
Not surprisingly, some Democratic apologists such as Rep. Dan Goldman (D-N.Y.) immediately dismissed the gravity of such demands by the Justice Department. However, other Democrats have expressed alarm over the intrusion into such communications.
Sen. Chris Coons (D-Del.) stated, “On the surface of it, it would strike me as a significant invasion of the right of Senators to conduct their jobs, so this is something that needs urgent follow-up.”
Indeed, the move by Judge Boasberg shattered the very rules of engagement between the coequal and “coordinate branches” that the same Boasberg has repeatedly raised in his investigation of the Trump administration.
Boasberg signed these orders despite a federal law designed to prevent precisely this type of secret investigation of Congress. Federal law requires that “no law, rule, or regulation may be used to prevent a service provider from notifying a Senate office that data or records have been sought through legal process.”
Just in case there was any doubt, the law further states that “any provider for a Senate office … shall not be barred, through operation of any court order or any statutory provision, from notifying the Senate office of any legal process seeking disclosure.”
However, Boasberg signed orders that prevented the phone providers from informing members of Congress — members who were actively investigating abuses by the Justice Department — that they were now being subjected to precisely such investigations.
There is little question how Congress would have responded. You are seeing it unfold this week. However, they were never told even as they objected to open-ended and abusive investigations of thousands of citizens after the January 6 Capitol riot.
Boasberg was fully aware of those abuses, stretching back to the debunked Russiagate investigation, in which false information had been given to courts to carry out surveillance of Trump associates.
Indeed, it was Boasberg again who ordered the resulting investigation into the false information given to the Foreign Intelligence Surveillance Court as part of the Russiagate investigation. He was criticized for appointing an attorney to assist him, David Kris, whom the Washington Post described as “highly controversial” given his past denials of any wrongdoing by the Justice Department.
The wrongdoing was very real. An attorney at the FBI ultimately pleaded guilty to lying to the court in an effort to justify surveillance. Others were fired after Inspector General investigations exposed their abuse of investigatory powers.
Despite that history, Boasberg gagged phone carriers from informing Congress of the seizure of the telephone records of key Republican members overseeing investigations of the Justice Department.
I do not support the calls for Boasberg to be impeached, but his role in this scandal cannot be ignored. He not only enabled this abusive effort but also expressly told these companies not to reveal the demands to anyone.
None of this means that there are no legitimate questions raised about the failure to comply with his orders on the El Salvador flight. But Boasberg’s separation-of-powers concerns seem strangely selective, depending on whose powers are being usurped.
Jonathan Turley is the Shapiro Professor of Public Interest Law at George Washington University. He is the author of the bestselling book “The Indispensable Right: Free Speech in an Age of Rage.” He has also represented the House of Representatives in court.
Tyler Durden
Mon, 11/24/2025 – 15:05
https://www.zerohedge.com/political/selective-outrage-judge-james-boasberg
Analyst Warns Of 2032 Demographic “Crossover Point” Poised To Reshape Housing Market
Analyst Warns Of 2032 Demographic “Crossover Point” Poised To Reshape Housing Market
Nick Gerli, CEO and founder of the real estate analytics firm Reventure Consulting, has posted another informative housing-market update on X. This time, he outlines how a major demographic turning point will reshape housing demand and even the size of homes people will want.
By 2032, Gerli pointed out that deaths will exceed births in the U.S., and this crossover point – four decades in the making – will have significant implications on the housing market, including:
structurally lower homebuyer demand, as declining births and family formation lowers the need and urgency for young people to buy houses
more inventory, as incrementally more deaths and the aging out of the Baby Boomer generation increases listings (Freddie Mac estimates 9 million homes by 2035).
The U.S. Housing Market is about to get hit by a big demographic shift.
By 2032, there will be more deaths than births in the U.S.
This crossover point will be the continuation of a long-term trend over the last four decades, and ultimately will have the following impacts:
a)… pic.twitter.com/8cLAUEd4IM
— Nick Gerli (@nickgerli1) November 23, 2025
“This will likely have a disinflationary and/or deflationary impact on home prices over the long-term,” Gerli said.
He noted this trend will ultimately lead to “fewer children will invariably lead to lower homebuyer demand, and more renter demand.”
He said this will ultimately lead to “an increase in the demand for other types of houses to buy — such as smaller ranch-style homes and starter homes,” adding that “McMansion-style neighborhoods probably won’t fare as well based on current demographic trends.”
Gerli hedged his outlook with this…
8) Of course – things could shift. The current trends continuing isn’t a guarantee.
Note that the 1940s and 50s in the U.S., a massive baby boom occured. Where the fertility rate soared by 56% over two decades.
Some of that was a return to normal after the Great Depression.… pic.twitter.com/W7z60pbMx5
— Nick Gerli (@nickgerli1) November 23, 2025
He did not mention the open border invasion of tens of millions of migrants and their impact on the housing market.
Also, we pointed out the other week that multigenerational living has surged to a record high as families increasingly combine households to cope with elevated inflation after the Biden-Harris regime years, effectively pooling more resources under one roof (read the report).
Tyler Durden
Mon, 11/24/2025 – 14:45
Reuters Wrecked Over DOGE Shutdown Story, Top Official Says Outlet “Spliced My Comments”
Reuters Wrecked Over DOGE Shutdown Story, Top Official Says Outlet “Spliced My Comments”
President Trump’s Department of Government Efficiency (DOGE) has “disbanded” – or at least that’s the narrative Reuters is pushing to start the week, as the globalist left-leaning media outlet tries to rile up the progressive base and claim a victory.
Reuters ran with the headline, “Exclusive: DOGE ‘doesn’t exist’ with eight months left on its charter,” and recently quoted Office of Personnel Management Director Scott Kupor saying, “That doesn’t exist,” when asked about DOGE’s status.
It’s no longer a “centralized entity,” Kupor added, in the first public comments from the Trump administration.
Perhaps there was some misinterpretation, because the report goes on to state that “OPM, the federal government’s human resources office, has since taken over many of DOGE’s functions.”
In fact, Reuters was hit with a Community Note on X, where the top note pointed out:
There is no evidence that DOGE has shutdown. There is no mention of it on the press secretary, Elon, Trump, the WH , DOGE or any other gov official account. Including DOGE official website. As of 9 hours ago DOGE was still posting about the work they are doing.
https://x.com/Sec_Noem/status/1992433682074743257?t=YwneTda8TLPrnMyOY6VO1A&s=19
https://x.com/realDonaldTrump/status/1977928905169269143?t=7xhRsok88w0c2pVZsElwTA&s=19
https://x.com/DOGE/status/1992615954065330507?t=HqjAT2L5MTKGdEd1wy7o0w&s=19
https://x.com/PressSec/status/1991932554908225586?t=LpC36ggtJNJ4S5Zf9Za4nw&s=19
https://x.com/elonmusk/status/1992605677144207798?t=B3UBu7_4bcxNn_4vFKNoyA&s=19
Shortly after Reuters ran its DOGE narrative, Kupor combatted the misinformation:
Good editing by @reuters – spliced my full comments across paragraphs 2/3 to create a grabbing headline 🙂 The truth is: DOGE may not have centralized leadership under @USDS . But, the principles of DOGE remain alive and well: de-regulation; eliminating fraud, waste and abuse; re-shaping the federal workforce; making efficiency a first-class citizen; etc. DOGE catalyzed these changes; the agencies along with @USOPM and @WHOMB will institutionalize them!
Good editing by @reuters – spliced my full comments across paragraphs 2/3 to create a grabbing headline 🙂 The truth is: DOGE may not have centralized leadership under @USDS. But, the principles of DOGE remain alive and well: de-regulation; eliminating fraud, waste and abuse;…
— Scott Kupor (@skupor) November 23, 2025
The latest from DOGE, not even one day ago, states:
Contracts Update! Over the last 9 days, agencies terminated and descoped 78 wasteful contracts with a ceiling value of $1.9B and savings of $335M, including an $616k HHS IT services contract for “social media monitoring platform subscription”, an $191k USAGM broadcasting contract for “broadcast operations and maintenance in Ethiopia, Africa”, and a $4.3M IRS IT services contract for “Inflation Reduction Act transformation project management support”.
Contracts Update!
Over the last 9 days, agencies terminated and descoped 78 wasteful contracts with a ceiling value of $1.9B and savings of $335M, including an $616k HHS IT services contract for “social media monitoring platform subscription”, an $191k USAGM broadcasting… pic.twitter.com/83ldxUZ1NY
— Department of Government Efficiency (@DOGE) November 23, 2025
The official government website for DOGE shows no indication that the operation to root out significant government waste and fraud has been wound down. In fact, cost savings so far this year total $214 billion – however, far short of Elon Musk’s $1 trillion goal.
This is not the first time for Reuters…
Reuters is lying (again)
— Elon Musk (@elonmusk) April 5, 2024
Hmm, a media outlet based in a foreign country publishing propaganda pieces on US politics?
Can Reuters be trusted? Latest polls show American trust in the mainstream media has collapsed. So the short answer is…
Tyler Durden
Mon, 11/24/2025 – 14:05
Visa finds even $200 billion can’t resolve battle with merchants
Nine years ago, the $5.7 billion sticker price to settle one of the biggest class-action lawsuits ever was rejected. Last year, it climbed to $30 billion, just to be thrown out again. Now, it’s north of $200 billion, and there’s growing doubt even that will be enough to end two decades of fighting.
Visa Inc. and Mastercard Inc. this month took yet another swing at a deal that seeks to end a battle with thousands of retailers — and reshape the fees underpinning the credit-card industry in the process. Yet opposition is already pouring in from merchants and lawmakers.
Making the call will be U.S. District Court Judge Brian Cogan, who took over the long-running case after Judge Margo Brodie last year struck down the earlier settlement, saying that finance firms could afford to take a bigger hit.
At issue are the fees merchants must pay to accept credit cards from consumers, tiny individual amounts that add up to giant costs each year. Should the settlement survive, consumers will have to be on guard for retailers potentially denying premium cards.
“Merchants across the nation oppose this settlement and did not agree to it,” said Doug Kantor, an executive committee member of the Merchants Payments Coalition, which opposes the fees on behalf of a group of retailers. “A similar bad deal was rejected by the courts just last year and merchants are looking to the court to reject this one too.”
Walmart Inc., the world’s largest retailer, indicated via a filing last week that it will likely take court action against the pact.
“Among other things, Chief Judge Brodie previously denied preliminary approval to an earlier settlement proposed by injunctive relief class counsel and Defendants, in large part for reasons outlined in Walmart’s opposition to that proposed settlement,” the big-box retailer said.
Walmart isn’t alone. Other big retailers, via their National Retail Federation trade group, said after the settlement was announced that the card industry “just doesn’t get it or just doesn’t care.” Another collection of merchant trade groups, including NRF, said in a filing last week that they first learned of the settlement when it was filed and are concerned the agreement may alter “the industry in harmful ways that cannot easily be undone.”
The National Restaurant Association also criticized the proposed settlement.
“Restaurants epitomize small business — they have the lowest profit margin of any business on Main Street and have the least amount of negotiating power when it comes to an entrenched duopoly,” said Sean Kennedy, the group’s executive vice president for public affairs.
Visa and Mastercard declined to comment on the latest opposition, but said at the time the latest settlement was announced that it would “provide meaningful relief” to retailers of all sizes along with “more flexibility and options to control how they accept payments from their customers.”
Senator Dick Durbin, a Democrat from Illinois and longtime critic of Visa and Mastercard, attacked the latest settlement, accusing the firms and the banks they work with of “lining their pockets” with fees while Americans struggle financially. Durbin successfully capped the amount the firms and the banks can charge to accept debit cards in a provision added to the Dodd-Frank Act in the wake of the 2008 financial crisis.
“Reducing the cost of swipe fees and allowing merchants more choice in which cards they accept should be welcome news,” he said in a statement Monday. “However, I believe this settlement falls short.”
Cogan, a former civil litigator and partner at Stroock & Stroock & Lavan LLP, is now the latest federal judge to preside over the suit, first filed in 2005. He took over the case in early September.
One previous high-profile case Cogan presided over was the 2019 trial of Joaquín “El Chapo” Guzmán, who was convicted of leading the deadly Sinaloa drug cartel. Cogan later sentenced Guzman to life in prison. The judge also oversaw the 2022 trial of Tom Barrack, who was acquitted of charges that he tried to influence the campaign and presidential administration of his longtime friend Donald Trump as an agent of the United Arab Emirates. Barrack later praised the judge, jury and U.S. legal system.
Any hints from Cogan about whether he may accept the latest credit-card settlement are unlikely before the end of the year, with the deadline for objections set for Dec. 12.
Any grievances from large retailers could again thwart the settlement process, said Justin Teresi, antitrust litigation and policy analyst at Bloomberg Intelligence.
“Since this relief involves a mandatory class and there aren’t opt-out rights like in a monetary settlement, the court will likely be concerned with whether all merchants’ concerns are adequately addressed,” he said.
https://www.chicagotribune.com/2025/11/24/visa-mastercard-merchants/
Estudiantes se expone a dura sanción por gesto de rebeldía ante desmanejos del fútbol argentino
BUENOS AIRES (AP) — Estudiantes La Plata se expone a una dura sanción por la inédita decisión de sus futbolistas de ponerse de espaldas en el ingreso de Rosario Central al campo de juego antes del partido por octavos de final del torneo Clausura, en protesta por la controvertida decisión de las autoridades del balompié de otorgarle al “Canalla” un nuevo trofeo creado con la temporada todavía en marcha.
Los jugadores del Pincha debían cumplir con la orden de la Asociación del Fútbol Argentino (AFA) de formar el tradicional pasillo a los campeones cuando ambos equipos ingresaron al estadio “Gigante de Arroyito” de Rosario el domingo para la disputa del duelo. En cambio, los futbolistas visitantes se pusieron de espaldas al flamante campeón, en un gesto que no registra antecedentes en el fútbol argentino.
El Tribunal de Disciplina de AFA informó el lunes que abrió un expediente contra Estudiantes “con motivo del comportamiento asumido por el plantel antes del inicio del encuentro…en relación con el protocolo de homenaje previsto en las resoluciones de la Asociación y que han sido publicadas por Boletín Oficial”.
El club presidido por el exfutbolista Juan Sebastián Verón, un habitual crítico de la conducción de AFA, ganó el partido 1-0 con gol del colombiano Edwin Cetré y se clasificó a los cuartos de final. Pero ahora se expone a sanciones deportivas y económicas por el “espaldarazo” de repudio a Central.
Estudiantes fue el único equipo que alzó la voz para rechazar la controvertida decisión de AFA de declarar el jueves pasado a Central campeón de la Liga 2025, un título ideado recién para reconocer al club que más puntos suma durante el año. En sus redes sociales, denunció que la medida no se sometió a votación, como determinan los reglamentos.
Durante los últimos años, AFA bajo la conducción de Claudio Tapia se ha caracterizado por los cambios constantes en los formatos en los torneos y en la definición de los ascensos y descensos de categoría. Pero nunca había sucedido que se instaurara un nuevo trofeo con la temporada ya iniciada.
El Tribunal de Disciplina le dio un plazo de 48 horas a los jugadores de Estudiantes que no cumplieron con el pasillo a Central para que “ejerzan su derecho de defensa e indiquen si han recibido instrucciones sobre la medida adoptada”, en una referencia indirecta al presidente Verón.
Se espera que esta misma semana se pronuncie el órgano disciplinario.
Acusan a hija de expresidente sudafricano de reclutar hombres para combatir en guerra Rusia-Ucrania
Por MOGOMOTSI MAGOME
JOHANNESBURGO (AP) — La policía sudafricana investiga las acusaciones de que la hija del expresidente Jacob Zuma, Duduzile Zuma-Sambudla, atrajo a 17 hombres que ahora están atrapados en Rusia para combatir en la guerra de ese país con Ucrania sin su consentimiento.
Según la portavoz de la policía, Athlenda Mathe, una declaración jurada presentada por la hermana de Zuma-Sambudla, Nkosazana Bonganini Zuma-Mncube, alega que Zuma-Sambudla y otras dos personas atrajeron con engaños a los hombres afirmando que recibirían entrenamiento de seguridad en Rusia. Por ahora no hay detalles sobre las otras dos personas.
La declaración jurada alega que fueron entregados a un grupo mercenario ruso y obligados a combatir en la guerra. El documento agrega que ocho de los 17 hombres eran miembros de la familia de las hermanas.
Mathe dijo el domingo que cualquier cargo policial “aún debe determinarse a través de una investigación exhaustiva”.
El ministro de Relaciones Exteriores de Sudáfrica, Ronald Lamola, comentó a los periodistas al margen de la cumbre del G20 en Johannesburgo durante el fin de semana que se estaban llevando a cabo esfuerzos diplomáticos con Rusia y Ucrania para repatriar a los hombres.
“La policía debe investigar y quien esté involucrado en esto debe ser arrestado”, afirmó Lamola, que agregó: “No es una situación fácil porque están en las líneas del frente de esta batalla, pero tenemos la esperanza de que habrá avances”.
A principios de este mes, el gobierno de Sudáfrica informó que había recibido llamadas de auxilio de los hombres, de entre 20 y 39 años, quienes dijeron que estaban atrapados en la región oriental de Donbás, devastada por la guerra en Ucrania.
El gobierno detalló que los hombres se habían unido a fuerzas mercenarias bajo el pretexto de contratos de empleo lucrativos.
Rusia ha sido acusada de reclutar hombres de otros países para combatir en la guerra bajo el pretexto de ofrecerles empleos. También se le ha acusado de engañar a mujeres de Sudáfrica y otros países africanos para trabajar en fábricas de drones rusas a través de campañas en redes sociales que les prometían empleos en áreas como los banquetes y la hospitalidad.
Según la ley sudafricana, es ilegal que ciudadanos y entidades ofrezcan o proporcionen asistencia militar a gobiernos de otros países o participen en ejércitos extranjeros a menos que estén autorizados por el gobierno de Sudáfrica.
Zuma-Sambudla es integrante del Parlamento por el Partido MK, que su padre fundó en 2023 luego de ser expulsado del gobernante Congreso Nacional Africano, que lideró de 2007 a 2017.
Actualmente está siendo juzgada por cargos no relacionados con los disturbios mortales en Sudáfrica en 2021. Se le acusa de incitarlos con publicaciones en redes sociales.
Zuma-Sambudla y el Partido MK no respondieron a una solicitud de comentarios.
___
Esta historia fue traducida del inglés por un editor de AP con la ayuda de una herramienta de inteligencia artificial generativa.
Paraguay e Israel anuncian memorando de cooperación en seguridad para combatir el crimen organizado
Associated Press
ASUNCIÓN (AP) — Paraguay e Israel anunciaron el lunes la firma de un memorando de entendimiento para fortalecer la cooperación en materia de seguridad, en el marco de la visita que el canciller israelí, Gideon Saar, realiza a Sudamérica esta semana.
El acuerdo, de “implementación inmediata”, prevé la cooperación entre ambos países en diversos frentes, como inteligencia, adquisición de equipamiento y la formación de los efectivos de la fuerza de seguridad de Paraguay, entre ellas las Fuerzas Armadas y la Policía Nacional, explicó en una rueda de prensa el ministro de Exteriores paraguayo, Rubén Ramírez Lezcano, en Asunción.
La asociación busca sobre todo mejorar las respuestas de Paraguay, una de las principales rutas del narcotráfico en la región, ante el crimen organizado, en especial en las zonas fronterizas con Argentina, Brasil y Bolivia.
“Ya venimos trabajando en cooperación bilateral y evidentemente esto refuerza el camino de cooperación bilateral para mejorar… nuestras capacidades y nuestro conocimiento de las operaciones que necesitamos frente al crimen transnacional organizado”, agregó Ramírez Lezcano.
Por su parte, el ministro israelí indicó que la firma del memorando de entendimiento es una “clara expresión” de los vínculos estratégicos que unen a las dos naciones.
“Paraguay está desarrollando sus capacidades de defensa y la industria de la defensa israelí tiene experiencia y capacidades que nos gustaría compartir con ustedes”, aclaró.
Los cancilleres no han precisado mayores detalles del acuerdo ni las inversiones realizadas.
Saar igualmente sostuvo el lunes un encuentro con el presidente paraguayo, Santiago Peña, un conservador que desde su llegada al poder en 2023 ha tratado de estrechar lazos con Israel.
Al lado del ultraderechista mandatario argentino Javier Milei, Peña se ha convertido en uno de los principales aliados del primer ministro israelí, Benjamín Netanyahu, en Sudamérica.
Bajo su administración, Paraguay ha respaldado el derecho de Israel “a defenderse” tras el ataque del grupo islamista Hamás en octubre de 2023 y ha avalado la ofensiva israelí en la Franja de Gaza, así como en otros territorios vecinos. Asimismo, trasladó la Embajada de Asunción desde Tel Aviv a Jerusalén en diciembre de 2024.
“Reiteramos nuestro más firme apoyo al derecho de Israel a defender su soberanía y seguridad y la de su población frente a las amenazas y ataques perpetrados por organizaciones terroristas”, reiteró Ramírez Lezcano.
Saar calificó a su vez a Paraguay como “uno de los mayores amigos de Israel” y destacó que es “un país que sabe distinguir entre el bien y el mal”.
Tras reunirse con Peña y su homólogo paraguayo, Saar mantendrá el lunes una serie de encuentros con empresarios locales y también con los presidentes de la Cámara de Diputados y del Senado. Luego de su paso por Paraguay, seguirá su visita diplomática a Argentina, donde será recibido por el presidente Milei.
Rockies de Colorado ascienden a Warren Schaeffer como mánager a tiempo completo
Associated Press
DENVER (AP) — Los Rockies de Colorado anunciaron el lunes que han promovido a Warren Schaeffer a manager a tiempo completo.
Schaeffer asumió el cargo de manera interina después de que los Rockies despidieran a Bud Black, el manager más exitoso en la historia de la franquicia, en mayo tras un inicio de 7-33.
Los Rockies terminaron la temporada con un récord de 43-119 y en último lugar en la División Oeste de la Liga Nacional.
Schaeffer se convierte en el octavo manager a tiempo completo en la historia del club. A sus 40 años, ha sido miembro de la organización de los Rockies por más de una década.
“Estamos seguros de que Warren es la persona adecuada para liderar nuestro club en el futuro. Ha establecido relaciones sólidas con nuestros jugadores, comprende la cultura de esta franquicia y encarna la energía y la ética de trabajo que queremos dentro y fuera del campo”, añadió Paul DePodesta, presidente de Operaciones de Béisbol de los Rockies.
___
Deportes en español AP: https://apnews.com/hub/deportes
J Balvin presenta su auto Rayo y celebra el reggaetón mexicano en el Flow Fest
Por BERENICE BAUTISTA
CIUDAD DE MÉXICO (AP) — J Balvin llegó con el impulso de su auto Rayo para apoderarse del escenario principal del Coca-Cola Flow Fest el domingo por la noche. Siguiendo la temática de su más reciente álbum, el astro colombiano presentó un auto Golf negro en la pasarela principal del escenario sobre cuyo toldo bailó rodeado de bailarines.
Como era de esperarse, Balvin interpretó sus éxitos, como “Safari” y “Azul”, y también incluyó “Doblexxó” de su álbum “Rayo” para buena parte de los 84.000 asistentes que se dieron cita en el segundo y último día del festival en su edición 2025.
En su show Balvin se dio tiempo para tener invitados estelares como Farruko para “6 AM” y Jowell & Randy para “Bonita”, así como una sección especial con reggaetoneros mexicanos para “G Low Kitty (Remix)” que tuvo a Uzielito Mix, Yeri Mua, El Malilla y El Bogueto.
“Estoy feliz por lo que está pasando con su movimiento, mi gente, por el reggaetón mexa; de verdad que siéntanse orgullosos que tienen los suyos, apoyen a sus artistas, los artistas de su tierra que ellos son los que van a salir a representar su tierra por el mundo entero”, dijo Balvin.
Balvin le cedió el micrófono a El Bogueto para que cantara su éxito “Cuando no era cantante”.
“Yo hoy celebro que por primera vez el reggaetón mexa tiene una canción en el top 50 con tanto monstruo y tanto artista duro que tiene México, hoy celebramos que El Bogueto es el artista número 1 metiéndole en el Spotify de México; es algo que tenemos que celebrar todos como latinos y como mexicanos, así que vamos a darle”, señaló el artista originario de Medellín, Colombia.
J Balvin cerró su concierto con una sección energética de sus propios temas como “Mi gente”, “RITMO”, “Qué calor” e “In da Getto”.
Natanael Cano
El Flow se ha caracterizado por ser un festival especializado en música urbana latina, pero poco a poco comienza a abrirse más a otros géneros. Este año recibió en su escenario principal al astro de los corridos tumbados mexicanos Natanael Cano, quien además de cactus de neón e imágenes del antiguo Egipto en sus visuales para el concierto estuvo acompañado de su banda con charchetas, acordeón, tololoche y una guitarra.
El concierto de Cano tuvo la peculiaridad de casi ser una presentación en conjunto con su “compa” Gabito Ballesteros, quien como él es originario del estado norteño de Sonora. Juntos cantaron varios temas incluyendo, “El Boss”, “AMG”, “Presidente”, “Cuerno Azulado”, “Tipo Gatsby”, “Ch y la Pizza” y “Perlas Negras”.
Algunos estados de México han impuesto sanciones para los artistas que interpreten canciones que hacen apología del delito, como algunas de las más populares de Cano, pero no es el caso para la Ciudad de México.
Otros artistas destacados de la jornada
La reggaetonera mexicana Bellakath se emocionó hasta las lágrimas al ver que había llenado la Curva 4 del Autódromo Hermanos Rodríguez con su presentación en el escenario principal del Flow. Otros que se presentaron con éxito en el día fueron el chileno Cris MJ, la artista catalana Bad Gyal y los mellizos venezolanos Mau y Ricky. Sech, Young Miko y De La Ghetto también destacaron en el día.
El Bogueto
El Bogueto subió al escenario principal del Flow, pero probablemente habría sido mejor para el festival no recibirlo el domingo.
Apenas horas antes, cinco personas habían sido atropelladas en un evento convocado por el artista y el streamer mexicano Maestro Shifu en el centro de la ciudad. Originalmente, habían invitado a sus fans para regalar gorras tras lo cual planeaban una rodada con motocicletas, pero llegó una multitud y se salió de control.
El conductor y los tripulantes de un auto, que había sido vandalizado por la muchedumbre, arremetieron contra la gente y dejaron un saldo de cinco atropellados que resultaron con lesiones en la piel y distintas contusiones (lesiones dermoabrasivas y policontundidos,) de acuerdo con paramédicos del Escuadrón de Rescate y Urgencias Médicas que acudieron en su auxilio. La policía detuvo al conductor y a los dos pasajeros del auto de 21, 18 y 15 años.
También hubo disturbios, daños a puestos de comerciantes y se tuvo que cerrar una estación del Metrobús.
La policía detuvo a decenas de motociclistas por infracciones de tránsito cuando asistieron al evento, que fue realizado sin los permisos necesarios.
Market Bubbles: A Rational Guide To An Irrational Market
Market Bubbles: A Rational Guide To An Irrational Market
Authored by Lance Roberts via RealInvestmentAdvice.com,
We’re hearing it everywhere: AI is in a bubble. The surge in capital, the parabolic stock charts, and the bold claims from CEOs all have a familiar rhythm. Nvidia’s valuation has soared, along with AI-related startups raising billions with little to no revenue. Investment in data centers, chips, and infrastructure is happening at a scale not seen since the internet boom of the 1990s, which immediately reminds investors of what happened next. The question isn’t whether AI is important; it’s whether the price of that importance is being inflated beyond reason. That is the nature of market bubbles.
Voices in the market are split. Some, like Jared Bernstein, former Biden CEA chairman, said:
“We point out that the share of the economy devoted to AI investment is nearly a third greater than the share of the economy devoted to internet related investments back during the dotcom bubble. So, we think there are enough analogies there to make the call.”
Others argue this is not a bubble, at least not yet.
“Macro bubbles” – asset price distortions with large economy-wide consequences – have generally involved not just overvalued asset prices but also dramatic impacts on spending and capital flows that have been both clues that a bubble is under way and forces that serve to undermine it.
The 1990s was a classic example. Alongside soaring equity prices, investment spending boomed, leverage rose, capital poured in, and profitability and balance sheet strength declined, while credit spreads and equity volatility moved higher. The macro and market imbalances that we saw then, particularly from 1998 onward, are not generally visible yet.” – Goldman Sachs
This split is normal. Every major innovation cycle creates a divide between skeptics who see overvaluation and optimists who see a new era of growth. The challenge for investors is not to take sides, but to understand what bubbles do, why they’re so hard to identify in real time, and how to benefit from them without being destroyed by them.
Yes, we may be in the second market bubble of this century. Alternatively, the market may be pricing in a shift as fundamental as the transition to either electricity or the internet. Either way, investors must think clearly, act deliberately, and avoid the kind of blind speculation that turned past booms into bloodbaths.
Market Bubbles Aren’t All Bad
Market bubbles carry a negative reputation because we witness the devastation in the aftermath of their collapse.
However, from a broader perspective, market bubbles also carry active value. During the inflation of a bubble, you see excessive optimism, capital flowing rapidly, and valuations detached from fundamentals. This is undoubtedly the case with respect to Artificial Intelligence as we currently see it.
Still, this environment often gives rise to genuine innovation. As Jeremy Grantham once argued:
“Bubbles are wonderful at generating new technologies.”
His point echoes through history.
Take the British railway mania of the 1840s. Investors poured capital into rail lines, many of which failed. However, in the end, the result was a vast transport network that transformed the economy. Or consider the late‑1990s dot‑com boom. The always wrong Paul Krugman once said:
“The Internet’s impact on the economy has been no greater than the fax machine.”
That quote was made during the height of the dot-com bubble, a period that many now consider a textbook example of financial excess. However, it also laid the foundation for the modern digital economy. The infrastructure that powers Amazon, Google, and Microsoft was created because billions of dollars flowed into companies, many of which failed. Yet their collective capital expenditures left behind fiber optic cables, server farms, and developer tools that enabled the next wave.
When capital floods into a technological frontier, many bets fail. But some win. That outcome sets a foundation for future growth.
The AI boom is following a similar path. Companies are spending heavily on GPUs, data centers, and custom models. Most of them will not survive, but their investments are accelerating real capabilities. AI is being integrated into products, streamlining operations, and driving the creation of new business models. Nvidia, Microsoft, and Meta are racing to build the next layer of compute infrastructure. This isn’t abstract theory; it’s already showing up in earnings reports and productivity metrics.
Understanding that a bubble can be beneficial involves recognizing two key points.
You don’t dismiss the boom simply because it is speculative. You acknowledge that capital is being deployed and that it will have future positive implications.
You accept that risk is inherent during such periods. From one angle, the bubble looks reckless. However, from another, it seems like the stage where breakthroughs become possible. By appreciating the positive aspect, you gain clarity about what is happening and why it matters for investors.
You should treat a bubble not as a spectacle to be ignored, but as a phenomenon to be studied. Market bubbles are periods where capital loses discipline, but that loss of discipline funds the future. The value created during inflation often matters more than the value destroyed during the burst.
That’s why you don’t ignore market bubbles; you study them, respect them, and use them to your advantage.
Why Bubbles Are Only Obvious in Hindsight
Currently, many predict that the AI market bubble is set to burst. Every time the technology sector wobbles, the media is quick to push headlines of the end of the AI boom. However, each time, those warnings turned false and impaired investors who paid attention to them.
This doesn’t mean the warnings aren’t valid. Yes, current valuations are very high in many cases, and many of the companies either in the market today, or coming to it, likely won’t succeed. The problem is always the “timing” of the call.
For most investors, bubbles are never evident until they pop.
While rising prices may seem like evidence of irrational behavior, this may not be the case today or in the future if the future turns out as expected. Of course, there are a lot of “ifs” in that forecast. A good example was from Research Affiliates discussing Tesla (TSLA) in 2018:
“Tesla’s current price is arguably fair if most cars are powered by electricity in 10 years, if most of these cars are made by Tesla, if Tesla can make those cars with sufficient margin and quality control and can service the cars properly, and if Tesla can raise additional capital sufficient to cover a $3 billion annual cash drain and another billion to service its debt.”
As noted, there were many “ifs” in that statement. However, as we approach that 10th anniversary, TSLA is still operating and growing, but doesn’t sell MOST of the cars in America. However, for investors who bailed on Tesla in 2018, assuming it was a bubble, they have paid a price for that decision.
As noted, while the RA’s analysis was sound, that is what makes market bubbles so hard to identify. Valuations can exceed what you consider reasonable and remain elevated for longer than you anticipate.
In real-time, a bubble appears to be a trend backed by solid fundamentals. The early phases attract smart capital. The next phase brings in copycats and momentum traders. But by the time people start warning about a bubble, the narrative is fully established. Calling a market bubble too early can be just as costly as calling it too late. As Howard Marks wrote:
“Being too far ahead of your time is indistinguishable from being wrong.”
Even seasoned investors misjudge it. During the late 1990s, Warren Buffett was widely mocked for sitting out of the tech rally. His response was simple: he didn’t understand how to value the companies. He was right, eventually, but missed a massive run. Others, like Julian Robertson, tried to short the bubble and suffered enormous losses before it burst.
The AI surge fits the classic pattern. A legitimate breakthrough in computing power and algorithmic capability has led to rapid adoption. OpenAI’s ChatGPT reached 100 million users faster than any consumer product in history. Nvidia’s revenue tripled in a year. These facts are real. What’s unknown is how much of this growth is sustainable.
You only know it was a bubble when prices collapse and companies disappear. But by then, it’s too late to protect your capital. The Spyglass article put it well:
“You never really know it’s a bubble until the knife is already halfway through your chest.”
That’s why humility is essential.
If you think it might be a bubble, you’re already ahead of most investors. But timing it? That’s luck, not skill.
How to Participate During the Inflation and Avoid the Deflation
Participating in a bubble doesn’t mean going all in. It means allocating resources wisely, managing risk effectively, and knowing when to step back. The goal is not to call the top. It’s to avoid the worst of the collapse while capturing some of the upside..
Recognize the structural backdrop.
AI is a genuine transformative technology. The AI surge entails substantial capital expenditures in data centers, chips, computing capacity, and cloud services. That means there is real substance beneath the hype.
Nonetheless, the valuations and the speed of investment suggest that the market is pricing in extremely optimistic scenarios, characterized by high growth, low risk, and rapid monetization.
How you should position your investment. To participate while managing risk, you might follow these steps:
Focus on companies with strong fundamentals and realistic business models. Since bubbles bring many “spray and pray” investments, your edge lies in filtering.
Allocate only a portion of your portfolio to the “bubble zone,” and recognize the high-risk/high-reward nature.Do not rely on it for core returns.
Use this bubble to invest in infrastructure and enabling technologies rather than pure “moonshot” names. The infrastructure often survives the bust. For example, in the dot‑com era, the winners included those who built the backbone rather than the most hyped storefronts.
Consider time‑horizon and liquidity. If you invest in bubble‐type assets, you must be prepared for high volatility and potential loss of capital if the bubble deflates.
How to avoid the consequences of the eventual deflation. Since bubbles eventually correct, you must adopt safeguards:
Set exit rules. Define ahead of time the conditions under which you’ll reduce exposure (e.g., valuation multiple, margin of safety erosion, fundamental deterioration).
Diversify across themes. Do not place all your bets in one bubble. If the bubble bursts, you want other anchors in your portfolio.
Monitor fundamentals. The bubble phase often disconnects from fundamentals. When you observe that the disconnect is widening, the risk rises.
Avoid leverage. Borrowing into a bubble makes the downside much steeper. Many historic bubble collapses were amplified by excessive debt.
Keep long‑term winners in view. Some companies will emerge stronger post‑bubble. Try to identify them now, hold them, but be wary of paying hype‑driven valuations.
Start with this: focus on quality. In every bubble, a few companies emerge stronger. Amazon fell by over 90% during the dot-com crash but survived because it had a real business model and strong execution. The rest disappeared. Today, investors should look for companies with free cash flow, pricing power, and tangible applications of AI. Nvidia might be expensive, but it’s selling the picks and shovels in this gold rush. That’s a more sustainable model than a startup burning cash to fine-tune a chatbot.
Even using something as simple as a 40-week moving average can help you navigate both the inflation and deflation of a bubble.
No, you won’t get in at the bottom, or out at the top. But remember what is most important: participation is optional, but survival is mandatory.
Tyler Durden
Mon, 11/24/2025 – 13:45
https://www.zerohedge.com/markets/market-bubbles-rational-guide-irrational-market
