U.S. Agriculture Secretary Brooke Rollins has issued an ultimatum stating that states not complying with federal data demands will face cuts to SNAP funding, declaring, "No data, no money—it's that simple". On December 2, 2025, Rollins announced that the Trump administration would begin halting federal administrative funds for SNAP in non-compliant states as early as the following week unless they provide recipient data, including immigration status. The administration claims this data is necessary to combat fraud, citing instances such as 186,000 deceased individuals and 500,000 people receiving benefits multiple times.
Twenty-one Democratic-led states, including Massachusetts, California, New York, and Minnesota, have not complied with the data-sharing request, while 29 Republican-led states reportedly have. The USDA has warned these non-compliant states that failure to cooperate will result in formal notices and potential withdrawal of federal funds. However, a federal judge in San Francisco has temporarily blocked the administration from collecting this data from 22 states and the District of Columbia, with a response deadline set for December 8, 2025.
(The above is from the Brave Search engine. Years ago LA county had 2.5 million on SNAP benefits.)
#1: Horse To: Horse (#0)
Billionaire investor Peter Thiel has fully divested his entire stake in Nvidia, selling approximately 537,742 shares during the July-September 2025 period, according to a Form 13F filing from his Thiel Macro fund, which confirmed he held no Nvidia shares as of September 30, 2025. This move, valued at nearly $100 million based on the average stock price during the quarter, coincides with growing concerns over an AI-fueled tech bubble and follows similar actions by other major investors like SoftBank and Michael Burry.
Nvidia Exit: Thiel sold his entire Nvidia position, a significant shift given his prior support for the company as a leader in AI hardware. The sale occurred just before Nvidia's major earnings report, raising speculation about his market outlook.
Tesla Reduction: Thiel slashed his Tesla holdings by 76%, reducing his stake from 272,613 shares to 65,000 shares, a move valued at approximately $92 million.
New Tech Positions: In a strategic pivot, Thiel initiated new positions in Apple and Microsoft, purchasing 79,181 shares of Apple and 49,000 shares of Microsoft, totaling about $45 million in new investments.
Other Exits: Thiel also completely exited his stake in Vistra Energy Corp, selling 208,747 shares worth an estimated $40 million.
Rationale: Thiel has expressed concerns about stretched valuations in the tech sector, comparing current AI-driven market dynamics to the 1999-2000 dotcom bubble, and has maintained a skepticism toward the transformative impact of AI despite its market hype.
Horse posted on 2025-12-02 20:06:46 Reply Private Reply
#2: Prefrontal Vortex To: Horse (#0)
Prefrontal Vortex posted on 2025-12-02 20:37:47 Reply Private Reply