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Only one Supreme Court Justice has ever served longer than Clarence Thomas



The first baby boomer on the Supreme Court hit a milestone on Thursday, becoming the second-longest serving justice in history at a time when his influence has never seemed greater.

Once an outlier on the nation’s highest court, Justice Clarence Thomas has become a towering figure in the conservative legal movement over the last decade as he helped secure landmark rulings on abortion, voting and Second Amendment rights.

The only justice with a longer tenure is liberal William O. Douglas. Thomas would overtake Douglas in 2028 if he remains on the court — and there’s no sign he plans to retire anytime soon.

“I think he’s more energized and excited now than when I first met him,” said John Yoo, a law professor at the University of California, Berkeley, who served in Republican President George W. Bush’s administration after his time as a Thomas clerk three decades ago.

Thomas was confirmed in 1991 after contentious hearings that included sexual harassment allegations. More recently, his acceptance of luxury trips has raised a storm of ethics questions. He’s nevertheless gone from near-silence at oral arguments to asking the first questions and penning a landmark ruling expanding Second Amendment rights.

Following the appointment of three conservative justices by Republican President Donald Trump, Thomas is now the most senior member of a supermajority that’s also overturned abortion as a constitutional right, ended affirmative action in college admissions and sharply limited the Voting Rights Act.

“The court has radically moved in his direction over the course of his time on the court,” said Stanford University law professor Pamela Karlan. Thomas’ seniority means he can decide who writes an opinion if he’s part of a majority that doesn’t include Chief Justice John Roberts, a factor that can nudge other votes behind closed doors, Karlan said.

Off the bench, Thomas’ sphere of influence also includes his large, close-knit network of former clerks, who have served in the Trump administration and are increasingly filling out the ranks of federal judges.

“That is an important legacy that he will leave,” said Sarah Konsky, director of the Supreme Court and Appellate Clinic at the University of Chicago Law School. “Even as justices’ own time on the court winds down, significant influence lives on through their clerks.”

That’s not to say Thomas’ time on the court is up. In a recent speech, Thomas tied the nation’s highest ideals to a conservative vision of limited government — and launched a broadside on progressivism seen by critics as unfair and inappropriate. In the room at the University of Texas, though, it earned a standing ovation.

Thomas, who became the second Black member of the court, now has a tenure that tops 34 years, putting him ahead of Justice Stephen J. Field, who was appointed by Lincoln before the end of the Civil War and served as the only 10th justice until 1897.

For Thomas, 77, it’s a long way from the hearings at which his nomination by Republican President George H.W. Bush was nearly derailed by allegations that he had sexually harassed Anita Hill, a charge he forcefully denied.

Thomas has more recently come under scrutiny for lavish, undisclosed trips from a GOP megadonor and the conservative political activism of his wife, who backed false claims that the 2020 election was stolen from Trump. The justice has said he wasn’t required to disclose the trips he took with friends and ignored calls to recuse himself from cases related to the election.

On the court, though, recent years have also brought perhaps the most significant work of his career, especially a 2022 opinion he wrote that found people generally have the right to carry a gun in public. The justice did not respond to a request for comment on his tenure.

His own jurisprudence has changed little over the years, said Scott Gerber, author of “First Principles: The Jurisprudence of Clarence Thomas.” Even as the majority moves his way, he’s continued to write dissents that get noticed.

“He’s incredibly consistent,” Gerber said. Once known for solo dissents, “now he writes majority opinions.”

Believe unveils AZTEC, its first US record label joint venture, with music exec Az Cohen


Paris-headquartered music company Believe has teamed up with music executive Az Cohen to launch a new joint venture record label called AZTEC, based in New York.

The move marks Believe’s first such JV in the United States. The partnership was jointly announced today (May 7) by Cohen and Romain Vivien, Believe’s Global Head of Music.

The news arrives a week after Believe expanded its Label & Artist Solutions business in the US, led by music industry veteran Thomas Maxwell as Vice President, US, Label & Artist Solutions (LAS), Believe.

Cohen brings more than a decade of experience in the independent music industry to the partnership.

Believe noted that he previously held roles at 300 Entertainment, “helping scale” the company through its sale to Atlantic Records.

During his time at 300, he built and launched Sparta Distribution, the label’s independent distribution and artist development arm, which has generated more than 8 billion streams across its catalog since its launch.

Earlier in his career, Cohen managed Post Malone during the period the artist broke into mainstream.

Cohen will serve as president of the AZTEC joint venture with Believe, working out of Believe’s New York City offices, according to an announcement.

“AZTEC is about patience, commitment and shaping careers that stand the test of time.”

Az Cohen, AZTEC

Commenting on the partnership, Cohen said: “In an industry that’s become increasingly about quick wins and short-term virality, we are artists, engineers, planners and warriors with a singular focus: building empires with our artists and partners.”

“AZTEC is about patience, commitment and shaping careers that stand the test of time.”

Romain Vivien, Believe’s Global Head of Music, said: “Our joint venture with AZTEC reflects Believe’s continued commitment to building artist-first partnerships and supporting entrepreneurs who deeply understand the creative and cultural landscape.”

“Our joint venture with AZTEC reflects Believe’s continued commitment to building artist-first partnerships and supporting entrepreneurs who deeply understand the creative and cultural landscape.”

Romain Vivien, Believe

Added Vivien: “Az brings an exceptional ability to spot talent and build sustainable careers, and together we are creating an ecosystem designed for the next generation of artists.”

Believe said AZTEC completes a wider portfolio of in-house imprints and acquired brands like French label Play Two, South Indian music label Think Music, and Brazil’s Ok Music!

AZTEC has yet to announce initial artist signings. The joint venture will take advantage of Believe’s global network, as the latter continues scaling its international footprint and expanding to the US.

For Believe, the company said the move extends its strategy of growing its portfolio of entrepreneurial partnerships worldwide, including Tenace Records, formed with Tileyard Music in the UK, and All Night Long, an electronic music label launched with French management firm Kidding Aside.

In October 2024, Believe redesigned its global strategy, which it said was aimed at “driving further artist development and increasing the value created for artists and labels at all stages of their careers”.

Music Business Worldwide

Consumers Credit Union $150 Checking Bonus, Direct Deposit Not Required


Update 5/7/26: Deal is back, this time requires a deposit of $250+ (previously it was $5+)

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: Anybody can join, even if they don’t live in Illinois but you’ll need to pay $5 to join Consumers Cooperative Association. More information here. Must be a US Resident. 
  • Direct deposit required: No
  • Additional requirements: Yes, see below 
  • Hard/soft pull: Soft pull
  • Credit card funding: Yes, up to $200
  • Monthly fees:  None 
  • Early Account Termination Fee: None
  • Expiration date: May 15, 2026

The Offer

Direct link to offer

  • Finder is offering a $150 digital gift card when you open a new Consumers Credit Union Rewards checking account and meet the following requirements:
    • Deposit $250+ at account opening
    • Maintain that $250+ deposit for 60 days 
  • Account can also earn up to 5% APY, more details here.

 

The Fine Print

  • Eligible First Deposit means your first deposit of $5 or more into the new account before the end of the Promotion Period.
  • Must keep a $5 balance for at least 60 days
  • You must be a New Customer, meaning you haven’t owned a Consumers Credit Union account in the last 20 years.
  • Mismatched names or emails between Finder and Consumers Credit Union may disqualify the reward.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees

Early Account Termination Fee

Bonus paid via a portal and minimum account length period mentioned. 

Our Verdict

Bonus itself seems good, I very much doubt it will last until the end date so I would recommend applying ASAP if interested. According to the old thread we have it seems like they might be ChexSystems sensitive. We will still add this to our list of the best bank account bonuses. 

Finder came good on the Axos promotion in the end. They have also agreed to donate $10 to our charity partner ‘Cure Alzheimer’s Fund‘ (will have more on this in a separate post) for deals such as this completed when clicked from Doctor of Credit (we tried to negotiate a better deal for you guys, but this wasn’t possible unfortunately). To be clear we receive $0 and zero other benefits. 

Useful posts regarding bank bonuses:

  • A Beginners Guide To Bank Account Bonuses
  • Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
  • PSA: Don’t Call The Bank
  • Introduction To ChexSystems
  • Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
  • What Banks & Credit Unions Do/Don’t Pull ChexSystems?
  • How To Use Our Direct Deposit Page For Bank Bonuses Page
  • Common Bank Bonus Misconceptions + Why You Should Give Them A Go
  • How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
  • Affiliate Links & Bank Bonuses – We Won’t Be Using Them
  • Complete List Of Ways To Close Bank Accounts At Each Bank
  • Banks That Allow/Don’t Allow Out Of State Checking Applications
  • Bank Bonus Posting Times

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Private Equity Best Practices | EI Blog


Innovations are rarely just about superior performance. They are also about experimentation. And all new experiments breed their fair share of miscarriages.

Given the extraordinary impact that financial leverage has on equity returns, PE fund managers have spent the past 40 years sharpening their use of debt funding. It is the area where the industry has witnessed the most innovation, because leverage is the principal means through which PE fund managers maximize returns3.

Since the 2008 financial crisis, institutional lenders and PE firms have greatly benefited from increased regulation of the banking industry. In the past 15 years, they have grown their share of the corporate debt market.

Large-cap PE firms are now among the largest corporate lenders: Apollo, Ares, Blackstone, Carlyle, and KKR all play on both sides of the capital structure4. That allows them to do two things. They can use their private debt divisions’ ability to underwrite loans as a bargaining tool when negotiating terms with third-party lenders, and they can acquire companies on the cheap by buying distressed debt at a discount, with the option of taking full control of the leveraged business if the latter defaults on its debt. Lender-led buyouts have become common.

With so much spare capital in the financial system, borrowers are frequently granted exceedingly generous terms, including the ability to draw interest-only loans (meaning that the principal is only repayable upon the sale of the business or when the loans reach maturity) or without the need to meet strict financial ratios (debt covenants).

Today, most buyouts with an enterprise value above $100 million are financed with covenant-lite bullet loans, meaning that the debt raised is not amortized but only repayable in full upon maturity or change of control, giving the borrower years to operate without constraint from its lenders.

The golden rule is to keep debt as a proportion of total funding at a manageable level. Up to 60% seems to work for most sectors, unless they are subject to sudden regulatory changes, technological disruption, or fierce cyclical downturns, in which case leverage ratios should be set much lower5.

The risk of default on debt obligations for many LBOs can be unusually high. Lengthy renegotiations with lenders, to amend covenants and extend maturities or, increasingly, via liability management exercises6, are just the start. Default can also lead to bankruptcy.

That makes the adoption of best practice principles imperative. Since few deal targets ever meet all the criteria to qualify as perfect LBO candidates7, practitioners must embrace investment and management discipline that can weather the test of time.

Parts of this post were adapted from The Good, the Bad and the Ugly of Private Equity by Sebastien Canderle.

Macquarie to pass on RBA rate hike from 2 April


Macquarie Bank has announced it will pass on the RBA’s March cash rate increase – a 25 basis point lift – in full to its variable rate customers.

Macquarie borrowers will see the change applied from 2 April, 16 days after the RBA announcement.

That maintains the bank’s pattern of slower responses to monetary policy increases and faster responses to decreases, comparative to most of the big four banks.

Thus far, CommBank, ANZ, and NAB will increase variable home loan rates on 27 March, while Westpac remains the outlier, with its increase effective March 31.

A 25bp increase is expected to push Macquarie’s lowest advertised variable rate from 5.59% p.a. to 5.84% p.a.

For a borrower with a $600,000, 30‑year home loan, monthly repayments may rise by roughly $95.

In February, many banks chose to pass on higher home loan rates in just days, while we took a different approach. We were the slowest of the major banks, waiting over two weeks so our customers had more time to adjust and plan their finances,” Macquarie head of personal banking Ben Perham said.

We’re doing that again and want to remind customers that they can easily apply for financial assistance online, at a time that suits them, if they’re concerned about making their loan repayments or their circumstances have changed.”

The bank has also increased its fixed rates several times since late 2025, with the lowest fixed rate now sitting at 5.84% p.a. (5.64% p.a. comparison rate*) for select borrowers fixing for one‑year terms.

What could a rate hike mean for your wallet? Mortgage Repayment Calculator

Macquarie automatically recalculates minimum repayments when interest rates change, meaning customers will see their new repayment amount reflected after the effective date.

However, because interest accrues daily, borrowers may not notice the full impact of the change until after 2 April, when the higher daily rate comes into effect.

Borrowers paying above the minimum may not see an immediate change to their repayment amount, but a higher rate will mean a smaller portion of each repayment goes toward paying down the principal balance.

According to APRA, Macquarie is Australia’s fifth largest household lender with a total market share of approximately 6.9%.

Macquarie captured nearly a quarter (23%) of the mortgage market’s $34.5 billion growth over the past year.


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Image created on Canva using assets courtesy of Danausi on Wikimedia Commons

Should You Invest in This Artificial Intelligence (AI) IPO Stock That Has a Partnership with Amazon?


It’s always exciting when an initial public offering (IPO) hits the markets, and backing from Amazon (AMZN +0.53%) adds a known name to a newcomer.

X-Energy (XE +11.74%) develops nuclear energy products, and its small nuclear modular reactors (SMRs) could be an important development for artificial intelligence (AI) and data center expansion.

Let’s see why Amazon has invested in the company and whether or not it makes sense to invest.

Image source: Amazon.

Nuclear is the future of energy

X-Energy has been around since 2009, working to create industrial-sized nuclear reactors. It didn’t make much noise until recently, as hyperscalers search for low-cost, clean-energy solutions to power data centers. The company’s main products today are the Xe-100 gas-cooled SMRs, which use helium to cool the reactors and can produce 80 megawatts (MW) of electricity each, and the TRISO-X fuel, which management says embeds coated particles that can withstand high heat without melting, offering greater stability and safety.

Amazon took an interest in the company in 2024 as the anchor company in a $500 million Series C funding round. The companies are collaborating to produce 5 gigawatts (GW) of energy by 2039. Although X-Energy’s technology represents what the future of energy could be, it doesn’t actually have any finished products yet. It’s aiming to have its first reactors ready by 2030.

X-Energy has made several recent deals, including an 11 GW deal with SGL Carbon and Doosan Enerbility in South Korea, and aside from Amazon, it has orders from Dow Inc. and U.K. company Centrica. According to The Wall Street Journal, Amazon owns 20% of the company.

X-Energy Stock Quote

Today’s Change

(11.74%) $3.34

Current Price

$31.80

IPO or no?

X-Energy went public on April 24 at $23 per share. And although like many IPO stocks it dropped after a strong rise, it’s still up 30% from the IPO.

Having a partner like Amazon is a confidence booster, but this company is far from profitable. It reported $109 million in what it calls revenue and grant income in 2025, with a $390 million comprehensive loss. It isn’t slated to produce any product for about five years from now.

X-Energy may make important advances in energy, and down the line, it could be a formidable company. But it’s extremely uncertain right now. It also faces competition from companies like Oklo and NuScale as well as conventional nuclear reactor companies. 

If you’re interested in gaining exposure to this developing technology, you’re better off investing in Amazon today, or other clean-energy companies that are already bringing their products to market.

Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy.

OpenAI, PwC Partner To Launch AI-Native Finance System For Enterprises


PwC has unveiled an expanded partnership with OpenAI to develop the world’s first fully AI-native finance operation designed for large-scale organizations. Announced on May 5, 2026, the initiative integrates advanced agentic artificial intelligence with ongoing human oversight, aiming to fundamentally transform how finance teams operate.

Rather than just automating routine tasks, the collaboration seeks to create a dynamic environment where intelligent agents handle intricate processes, collaborate seamlessly, and deliver faster, more informed decision-making.

At the core of this effort are specialized AI agents tailored to the essential cycles of corporate finance. These include strategic planning, financial forecasting, performance reporting, procurement activities, payment processing, treasury management, tax compliance, and the monthly accounting close.

What distinguishes the project is its emphasis on practical, real-world development. PwC and OpenAI are actively constructing these agents within OpenAI’s own finance department—beginning with a procurement-focused tool that manages request intake, generates requisitions, addresses policy inquiries, confirms receipts, and streamlines the full procurement cycle.

Insights gained from this internal deployment are then being applied to expand capabilities across other key financial workflows.

This hands-on approach accelerates innovation while demonstrating tangible value and enabling ongoing refinements based on actual use.

Powered by OpenAI’s advanced native tools and PwC’s extensive knowledge in finance, risk management, and business transformation, the system moves organizations beyond basic efficiency gains.

Instead, it establishes a new operational framework where AI agents coordinate complex tasks across interconnected processes, surface exceptions automatically, and support proactive strategic insights.

Finance professionals will see their roles evolve significantly. Rather than performing repetitive tasks, they will focus on supervising, directing, and enhancing these AI agents over time.

Teams retain full responsibility for critical judgment, internal controls, and final outcomes.

They establish essential guardrails, organizational policies, and institutional knowledge that help agents operate reliably and ethically.

Through secure connectors and reusable capabilities, the agents integrate smoothly with existing enterprise systems, ensuring consistent performance results.

Domain specialists can also leverage OpenAI’s Codex platform and other emerging interfaces to rapidly create customized applications for specific needs—such as handling accruals, speeding up period-end closings, managing reconciliations, generating reports, and building tailored dashboards—without depending on lengthy traditional development processes.

“Finance stands at a pivotal moment, shifting from mere process improvements to truly intelligent, decision-focused operations,” noted Tyson Cornell, PwC’s US Advisory Leader.

The partnership embeds agentic AI directly into the finance core, fostering stronger controls and more flexible models that deliver timely, actionable insights.

OpenAI CFO Sarah Friar added that finance has always centered on sound judgment and trust amid complexity.

With AI, leaders gain sharper foresight and the ability to respond more swiftly, reimagining the function to influence real-time decisions with greater strategic power.

The collaboration aims to create a continuous improvement loop, testing and scaling solutions that align closely with the practical priorities of today’s chief financial officers.

By emphasizing governance, transparency, and integration with current systems, PwC and OpenAI are helping build an enterprise-ready model that is both innovative and responsible. This development signals a broader evolution toward finance functions that begin with clear intent and are executed intelligently by AI—under human guidance—for sustained competitive advantage.



The Basics of Restaurant Management | How to Run a Restaurant



Managing a restaurant brings many challenges with it. Here are some things new managers should be familiar with when working in the restaurant industry. Restaurant management, restaurant management strategies, the basics of restaurant management.

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Restaurant Keys is the consultancy that Massimo Montone founded in 2015. It is a full-service consultancy helping investor, brands and operators to unlock the full potential of hospitality ventures. Consulting on opportunities for both existing and new operators, Restaurant Keys has an expert eye on market potential and profitability.

Working with a team of passionate and highly-experienced people, Restaurant Keys is able to approach every project individually, tailoring our services to match your needs. Whether you are opening, reopening or looking to grow your hospitality business.

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