Armed guards at the door. Opioids offered on repeat. Apple Pay at my bedside. Welcome to the American Emergency Room. The French think it bankrupts you. Americans think France does it for free. I’ve been to the ER in both. Both are wrong. Mountain bike crash, dislocated and fractured shoulder. I’m French, I live in San Francisco, and I take slightly too many risks. Let’s compare. Security 🇺🇸 Kaiser in Marin. Three armed guards and a metal detector. My phone set it off, so with my shoulder out of its socket I walked through again. And again. Then a pat-down. 🇫🇷 A couple of unarmed guys with walkie-talkies. Still not sure what they’re for. Wait 🇺🇸 Three people in the waiting room. Seen in 15 to 30 minutes. 🇫🇷 Broken hand: packed room, 4 hours before anyone touched me. Records 🇺🇸 Kaiser is vertically integrated. Insurer, hospital, doctors: one system. They had my file before I sat down. 🇫🇷 Every new doctor is a fresh context window. Zero history, maybe a printout from last time. Infrastructure 🇺🇸 Small hospital, serious kit. Straight to the trauma bay: real bed, IV, vitals monitoring, ready for surgery if needed. All imaging on the spot. 🇫🇷 Broken hand: a plastic chair and a Doliprane. Drugs 🇺🇸 Strong opioids were the default offer. I said no. They insisted. The doctor came in personally, confused why someone in that much pain would refuse. I stuck to Tylenol, an anti-inflammatory, to put the shoulder back in. Yes, it hurt. No, I didn’t tap out. My mom is proud of me. 🇫🇷 Broken hand: Doliprane, opioids never mentioned. I have friends who got their shoulder popped back in with nothing at all. US default: opioids. French default: Doliprane. Bill 🇺🇸 Every nurse warned me: “You’re French, this bill is going to traumatize you.” Before discharge, someone came to my bed to collect payment. Apple Pay, from the hospital bed. $300. For everything. On a ~$500/month Kaiser plan. 🇫🇷 A flat ~€20 ER fee, usually reimbursed by your mutuelle. The real bill shows up later, on your payslip (see below) followup 🇺🇸 Kaiser called me right after to set up follow-up and physio, all in their system. So far, so good. 🇫🇷 Broken hand: discharged, figure it out yourself. A friend dislocated her finger. They put it back in wrong, sent her home with bad instructions, it locked up, and she needed surgery months later. Still not fixed. “Free healthcare” in France It’s not free when your marginal tax rate nears 70% with social charges. And if you want quality care fast, more and more people pay for private clinics anyway. Verdict One person, one data point. But the care was 10x better than anything I’ve had in France, for a price that’s completely fine. France has a lot to learn. And yes, I refused the narcotics to stay sharp enough to launch a NanoCorp from my hospital bed. Launch your first company run by an AI agent: nanocorp .so

🇺🇸 Equity Household buying has stayed strong, more than offsetting weaker corporate demand for US equities 👉 isabelnet.com/blog/ @GoldmanSachs $spx #spx #sp500 #stocks #equity #stockmarket

With Trump's additional $8 billion diesel relief package the government is on pace to pay farmers $55.4 billion in 2026, shattering the record $45 billion farmers got during COVID in 2020. It's not right for the government to take money from non-farmers and give it to farmers.

Woody Harrelson has done an ad for Exxon. New Exxon El Nino Commercial Written by Adam McKay @mr.ghostpanther Voiced by Woody Harrelson @woodyharrelson Produced by Yellow Dot Studios Edited by Max Koepke of @lostplanetpost Stock Footage licensing by Stalkr Music licensing APM

Kushner financed Erik Prince’s international terrorism with MBZ’s money. It’s everything we thought but even worse.

Vincent Deluard (@VincentDeluard) on why Europe looks like Japan in 2011-12: “Europe today is where Japan was in 2011-12, just uglier. Japan, because of its unique demography, is usually 10, 15 years ahead of the rest of the world.” “The only way I can get growth back up is by trashing my currency so much that eventually my exports and my tourism really pick up. That’s how I get out of the debt trap.” “That led to 13 years of a falling yen. Really massive. At one point after the earthquake, there was an 80-handle on the yen against the dollar. This summer it was 165.”

The hyperscalers are the biggest cash-generating businesses the world has ever seen. And they’re recycling all of that cash flow into the biggest capex build in history. It’s a self-reinforcing loop. They use the technology they’re building themselves, productivity rises, cash flows rise, capex accelerates. People worry about the borrowing, but these companies carry roughly 3.5% of their market cap in debt. They’re barely in debt at all. This is already the second largest capex event in history. The only bigger one was the railroads... and that cycle ran for 35 years. If intelligence keeps rising, capex keeps rising with it. There is no end to the need for data centers, compute and energy.