Credit Cartels And The Best Seat

The Private Credit Cartels

Maureen Tkacik | American Prospect | 6th April 2026

Private credit funds are in a contradictory position: investors are fleeing funds with too great an exposure to software company loans, but the default rate for said loans is not rising. Yet. AI is the industry's scapegoat of choice, since such tools look likely to make other solutions obsolete. In fact, the incipient credit crisis is being caused by something much older and more familiar: sheer greed (3,600 words)

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The Best Seat In Town

Alissa Walker | Torched | 6th April 2026

Ode to a public toilet. A self-cleaning bathroom in Paris by the Jardin du Luxembourg, to be exact. It feels like "a fancy hotel powder room" and the automatic cleansing process keeps it functional for hundreds of visits a day. This is "a piece of infrastructure that unlocks access to the city for seniors walking laps, disabled commuters, moms of lemonade-chugging toddlers, and the club kids at 1am" (1,500 words)