💡 Random bits
What an incredible run for Tim Cook:
re: Ternus:
- hardware-focused, led switch to Apple-made processors, a huge jump in both computing power and energy efficiency
- in charge of developing devices that generate about 80 percent of Apple’s top line
- even-tempered collaborator - “man of the people”
Also: Apple Bets New CEO John Ternus Will Bring Back Jobs-Era Decisiveness
Good view on internships, delaying graduation, going to grad school, applying to jobs, and bypassing it altogether to start companies.
Interesting fact - coworking space is 2.28% of total office space in the US.
According to zerodayclock.com, the average time between a software flaw being made public and a working attack being built has collapsed from 771 days in 2018, to less than four hours today.
Corporate taxes once funded roughly one-third of the federal government. Today, that share has collapsed to under 10%, and as a percentage of GDP, it has fallen from 3.7% in the late 1960s to just 1.5% — a decades-long structural shift accelerated by tax cuts in 2017 and 2025.
The timing couldn’t be worse. The FY2025 deficit was $1.8 trillion — not a crisis number, but a normal-year number. Federal debt stands at 98% of GDP, approaching the all-time record, with no clear path down. The 2025 tax bill is projected to add another $4.2 trillion over the next decade, and interest costs may soon exceed economic growth — the point at which debt becomes self-compounding.
Every dollar of corporate tax revenue foregone is either added to the deficit, cut from public services, or shifted onto individual taxpayers. That tradeoff deserves far more attention than it gets.