
Alts & VC / Connect with me: https://xitter.cf/t.co/Hzn9PT6ytR The “Nu40” -Tweet of #life, #art, #finance and #newassetclasses. 28 yrs - hedge fund = survivor
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Joined December 2013
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Rob Topping retweeted
Chicago mayor candidates who filed:
Willie Wilson
John Kelly
Mike Quigley
Matt Brewer
Alexi Giannoulias
Brandon Johnson
Susana Mendoza
Lisa Nee
William Quinlan
John Kitover
Danielle Carter-Walters
Maria Pappas
George Cardenas
Joe Holberg
Zoe Ma
Jessica "Jesse" Maronto.
Rob Topping retweeted
The average Illinois family pays nearly a quarter million dollars in property taxes in their lifetime.
This is the highest in the Midwest...and the highest in the country, outside of the Northeast.
The cost of living is too expensive in Illinois, and at the top of the list is property taxes. Yet instead of solving the problem, JB Pritzker just points fingers.
We have a plan to lower property taxes in Illinois. In fact, we're the only campaign with a plan. Vote Independent for Governor and let's finally solve a problem the politicians have been talking about for decades.
Rob Topping retweeted
Geothermal well drilling has been completed at 410 N Elizabeth Street in Chicago.
🕳️65 wells
📏800ft deep
Total bore length is 22 miles
Building heat is going to be one of the hardest things to decarbonize in northern latitudes. Although they get a lot of hype, air source heat pumps lose efficiency in deep cold. At high penetration rates they will cause lots of peak strain on the energy system.
Ground source heat pumps don’t lose much efficiency in a cold snap, so they consume a lot less electricity. Awesome to see the technology deployed at this scale in Chicago!
chicago.urbanize.city/post/m…
Rob Topping retweeted
Chicago CBD Q3 Office Vacancy 27.2%
Net absorption negative for the 12th consecutive quarter. YTD absorption -1.4M SF.
Class A 23.3%
Class B 34.2%
Class C 24.2%
Central Loop 31.1%
East Loop 34.6%
Fulton Market 15.4%
North Michigan Ave 27.0%
River North 29.0%
West Loop 22.8%
-Cushman and Wakefield
#CommercialRealEstate
Rob Topping retweeted
Residents in the Chicago suburb of Evanston are facing a large wave of tax and fee hikes in the city's newly proposed 2027 budget.
The city is asking for an 8.9% property tax levy increase, a 25% water rate hike, and doubled taxes on both natural gas and local amusements.
The primary culprit driving the proposed tax hikes is, predictably, skyrocketing city employee costs and government retiree pensions.
illinoispolicy.org/evanston-…
Rob Topping retweeted
I'm in Georgia this morning. Gas prices are $3.65 per gallon on average, per AAA.
In Illinois, a gallon today costs $4.89.
Nearly $1.25 per gallon more expensive for Illinoisans.
One big reason? Gasoline taxes.
While @GovPritzker has been hiking gas taxes since 2019, now the 2nd- or 3rd-highest in the country, Georgia has kept them low.
And Gov. Kemp has even suspended the 33 cent motor fuel tax for now.
Policies matter. Illinoisans need relief. Via @Fight4Illinois
#twill
Rob Topping retweeted
.@ChicagosMayor calls his new budget a "tax on the rich," which is precisely what his base wants to hear.
But why, then, does it include a 15-cent tax on Chicagoans' package deliveries, millions more in automated parking tickets, and a 20% tax on the software local small businesses use (and will inevitably be passed onto customers)?
Chicago's progressive political leadership defiantly refuses to cut spending, so Brandon Johnson's administration is instead decorating new, sweeping tax hikes with populist-left branding, which will of course hit every neighborhood in the city.
The most lamentable part of this schtick is that further burdening the city's small businesses (and Chicagoans broadly) will not even mathematically fix the city's $882 million deficit.
...But it *can* drive more jobs out of the city!
At what point does Chicago City Council step in and demand real spending reforms?
✍️ @PaulVallas
illinoispolicy.org/chicagoan…
Really? 👀
Two out of three men would rather give themselves an electric shock than sit alone with their own thoughts for 15 minutes.
That's a real experiment. Psychologists at the University of Virginia ran it back in 2014.
They put people in an empty room with no phone and nothing to do but think. The only thing in there was a button that zapped them. Each person had already tried the shock beforehand and said they'd pay money to avoid feeling it again. A quarter of the women pressed it anyway, two thirds of the men did, and one guy hit it 190 times in 15 minutes.
So picture this guy. He makes pottery in a tiny Yorkshire village, in a studio with no phone signal. He doesn't listen to podcasts or music, and the radio only comes on once in a while. That's basically the shock experiment, except his version lasts the whole workday. His friend asked what goes through his head all day and he said "well, pots mostly."
I'm pretty sure most of us would be hunting for that button before lunch.
The same researchers stumbled onto what fixes it. When they gave people boring hands-on stuff to do, people liked that way more than sitting there thinking. Their best guess is that a mind with nothing to work on starts chewing on itself, replaying old arguments and running through everything you're bad at.
A couple of Harvard psychologists later measured how often that happens in real life. They pinged 2,250 people through an iPhone app at random times and asked what they were doing and whether their mind was on it. People's minds were somewhere else 46.9% of the time they were awake. Whether their head was actually in what they were doing predicted their mood better than the activity itself, and daydreaming about nice stuff didn't even help.
Clay is pretty much built to keep your head in it. You feel what it's doing through your fingers the whole time. Use too much water and a wall slumps on you. Let a pot sit too long and it dries past the point where you can trim it, so the clay ends up setting your schedule for you.
Your phone pulls the other way. Gloria Mark at UC Irvine has been timing how long people stay on one screen for about 20 years, and it's dropped from around two and a half minutes in 2004 to 47 seconds. When something knocks you off a task, her data says it takes about 25 minutes on average to get back to it.
So "pots mostly" is about as good an answer as the research says a person can give. His head and his hands are on the same thing all day.
Two thirds of the men in that lab hit the shock button rather than spend 15 minutes alone with their thoughts, and this guy spends his whole workday in there with nothing but a lump of clay to keep him company.
Same action in USA if you go sub indices and about five stocks. Maybe at the point of “less worsen with many names?
🚨 ABSOLUTE BLOODBATH IN GLOBAL MARKETS
$10 TRILLION has been wiped out from global stock markets from their yearly highs.
🇰🇷 South Korea: -43%, wiped out $1.15T
🇮🇩 Indonesia: -42.39%, wiped out $0.40T
🇹🇷 Turkey: -29%, wiped out $0.12T
🇨🇳 China: -19%, wiped out $2.90T
🇭🇰 Hong Kong: -18%, wiped out $1.10T
🇯🇵 Japan: -15.45%, wiped out $1.20T
🇮🇳 India: -10.84%, wiped out $0.57T
🇺🇸 USA: -2.95%, wiped out $1.99T
Rob Topping retweeted
Average US family health insurance premium...
1999: $6k
2002: $8k
2005: $11k
2008: $13k
2011: $15k
2014: $17k
2017: $19k
2020: $21k
2023: $24k
2026: $28k
That's a 387% increase since 1999 (6.0% per year).
(Note: US CPI inflation has increased 2.6%/year)
NEW: Ken Griffin on Paris riots, Chicago and JB Pritzker
I think Paris should be a real wake up call to every single young American. France is the dream the left talks about. That dream is the nightmare I left from Chicago. That dream doesn’t belong in our country. A society that comes down to how much you can take from others.
Do you see candidates that you’re actually fearful that’s the path they’re going down:
J.B. Pritzker, Governor of Illinois. Yes, 100%. 100%
Ken Griffin on the rise of DSA, Paris riots and looting in Chicago
I'm not so worried about it. It's a New York, Illinois, Michigan, California bit of a bubble.
If you want to see where socialism leads to, look at France last weekend.
It's the socialist dream. The country spends 60% of GDP at the government level.
BTW Paris looked pretty damn similar to Chicago in 2021-22.
It’s a people… (that) are very willing to riot and protest anything. Is that really the future that the US might be looking at?
It’s the future. I lived in Chicago.
I could look out my window at the Dior store. They were very efficient.
We may be more efficient than the French, even at looting.
Rob Topping retweeted
A new book says Dutch spies spent months watching Jared Kushner's iPhone screen in real time, and one of the things they saw him open was a bank account with about $750 million in it.
They got in because the Russians had already hacked the phone, and the Dutch found a way to ride along.
Here's how it went down, according to Matthew Cole's reporting in Vanity Fair. In late 2017, Dutch military intelligence found out a Russian GRU officer was about to travel to the UK. The guy was a dark-web hacker who dealt in stolen bank data. The Dutch gave him two options, work for them or get picked up by the British, and he picked the Dutch. He then handed over access to a GRU server in Rostov, and sitting on that server were screenshots from Kushner's iPhone X. So Russian military intelligence was already inside the phone of the man running America's Middle East policy.
From there, Dutch hackers in The Hague figured out how the Russians pulled it off and built their own way in. Cole says they could see his screen whenever he was using it, and they saved every frame. Sound was the one thing they couldn't get.
Think about what that means for anyone who uses WhatsApp or Signal. The encryption does its job while a message is flying between two phones. Once it pops up on a hacked screen, whoever's watching just reads it right along with you.
End-to-end encryption stops at your screen.
That's relevant here, because back in 2019 the head of House Oversight said Kushner's own lawyer had confirmed he used WhatsApp for official White House business and kept records by screenshotting his chats. The lawyer pushed back on parts of that account.
The Dutch have pulled this kind of thing on Russia before. In 2014, their spies got inside the network of Cozy Bear, the Russian hacking crew later tied to the DNC hack. They even took over the security camera in the hallway outside the hackers' office near Red Square and had photos of everybody walking in and out. When Cozy Bear went after the State Department that November, the Dutch tipped off Washington, and the Americans reportedly sent them cake and flowers as a thank-you.
As for the money, Cole alleges the Saudi and Emirati rulers put at least $2 billion into accounts tied to Kushner during Trump's first term. Kushner says every word is false and that the author never produced a single bank record. His lawyer is threatening to sue. The full book comes out October 27, so we're about to find out who has the receipts.
If Cole's sources hold up, there's a hard drive somewhere in The Hague with a frame-by-frame replay of the most sensitive phone in Trump's first White House.
Jared Kushner’s Hacked Phone Revealed His Secret Negotiations—Including More Than $700 Million In Transfers vanityfair.com/story/jared-k…
Rob Topping retweeted
Democrats have run Illinois for 50 years and Democrats have run Chicago for 100 years. Today we have the highest property taxes in America. We are supposed to vote blue to make things more affordable? Seriously?
👀
Jared Kushner’s hacked phone revealed he promised MBS and MBZ he would push their agenda with Trump if they participated in a secret fund, with the two royals initially discussing over $10B before ultimately placing at least $2B into his accounts.
archive.ph/2026.10.22-215102…
Rob Topping retweeted
Scorpions kill more than 3,250 people a year, mostly kids, and the cure is still made by milking venom from thousands of scorpions and injecting it into horses. Anthropic just let a team of investment researchers with zero biology background try to cut the horse out.
The horse method is over a century old. You immunize the animal for months, draw its blood, and purify out the antibodies its immune system made. Given early, it works against a narrow set of toxins, and because you're putting horse protein into a child, it can trigger anaphylaxis.
Barely anyone makes it, because the people getting stung can't pay enough to cover the factory. Mexico has about a quarter of the world's scorpion stings and relies on a single lab. Last year in Sonora, a 5-year-old was stung at preschool and rushed to a public hospital that had already burned through a shipment delivered days earlier. Staff found more 45 minutes later. She'd already gone into cardiac arrest twice.
So Citrini Research walked into Anthropic with a question. Could motivated amateurs with Claude make real progress on a disease the drug industry ignores?
An internal Claude model ran for 64 hours off one prompt and four follow-ups. It drove 12 protein design tools, generated 318,484 candidate molecules, ran 553,052 simulated matchups against five scorpion toxins, and picked 180 to build. Then it emailed the order to the lab itself.
Two labs made 211 of them. 17 latched onto their target toxin, covering scorpions from Mexico, North Africa and the Middle East. Brazil's yellow scorpion beat every single design. The best two grab a Mexican scorpion toxin at the same spot as an antibody already shown to protect mice.
The computer finished in under three days. The lab work stretched past a month, held up by contracts, shipping, and the hassle of sourcing the toxins themselves. One of the outside experts who reviewed the results said binding is no longer the main bottleneck.
There's no antivenom yet. None of these molecules has touched a living cell or a mouse.
Anascorp, the only scorpion antivenom the FDA has approved, took 35 years to go from a Mexican lab to US approval. The first candidate molecules for a horse-free successor took 64 hours, for a team whose day job is writing investment research.
New on our Science Blog: designing protein binders against scorpion neurotoxins.
Scorpions sting about 1.2m people every year, and antivenoms are often costly or in short supply. Claude has made an early step toward finding new treatments.
anthropic.com/research/claud…
That’s on Goodell. Pretty sick
The NFL and the Philadelphia Eagles almost killed Jalen Hurts for a Week 5 international showcase.
The full details of what happened behind closed doors in London just surfaced, and the negligence is staggering.
Before kickoff in London, Hurts was in a hospital bed until 4:00 AM undergoing emergency vascular testing. Medical staff instructed him not to sleep because sleep was considered an active health risk.
Instead of shutting down their $255 million franchise quarterback, the team cleared him to play 60 minutes of brutal, high-impact collision football on zero sleep.
Then, they loaded him onto a pressurized, 8-hour transatlantic flight back to Philadelphia.
Every doctor on the planet knows that long-haul flights and cabin pressure are the exact triggers that cause lower-extremity blood clots to break free. The Eagles spent days assuring the public it was just a "minor, superficial calf clot".
Now the truth comes out: the clot dislodged, shot through his bloodstream, and caused multiple pulmonary emboli in his lungs.
Hurts is officially out for the season, placed on blood thinners where taking a single routine tackle could cause a fatal internal hemorrhage.
He isn't just lucky to play football again, he is lucky to be alive.
When the NFL preaches "player safety," remember this moment. They ran a human being into the ground for television ratings in the UK, almost lost him to a preventable medical catastrophe, and cratered their entire season in the process.
Who inside that building signed off on letting him play and board that flight?
Q3 Overall Office Vacancy Rate
Atlanta 25.0%
Austin 27.1%
Charlotte 23.1%
Chicago 25.9%
Cincinnati 26.1%
Dallas 24.8%
Denver 27.1%
Fairfield County, CT 25.8%
Houston 24.6%
Jacksonville 20.6%
Los Angeles CBD 33.3%
Los Angeles non-CBD 21.8%
Memphis 20.1%
Milwaukee 23.2%
Minneapolis/St. Paul 27.0%
New York Downtown 21.0%
New York Midtown 17.0%
New York Midtown South 21.5%
Northern VA 23.6%
Oakland/East Bay CA 22.0%
Oklahoma City 28.1%
Phoenix 25.1%
Portland 23.9%
Puget Sound - Eastside 22.4%
Raleigh/Durham 21.5%
Salt Lake City 21.9%
San Francisco 29.3%
Seattle 32.6%
Suburban MD 22.3%
Washington DC 23.5%
Westchester County, NY 24.0%
-Cushman and Wakefield
#CommercialRealEstate

































