Another TBB post featuring the most eclectic links around the web such as data centers everywhere, Bitcoin identity crisis, AI and futures of work, World of Hyatt points massacre, the hottest places on earth, the tallest abandoned skyscrapers, Americans leaving the US, private chef aboard yachts life, the best photography links and of course always all of the most important developments in the crazy world of frequent flyer miles and points at the lower half of the post. And much more. Enjoy the weekend.
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This blog started way back in 2012 focusing on my crazy hobby addiction of traveling with frequent flyer miles, hotel and bank points. It has since evolved to curated posts featuring the best web content along with my commentary.
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BLOG HOUSEKEEPING
This is truly a one man labor of love operation, enjoy it while it lasts.
QUOTE OF THE WEEK
“Nothing has more strength than dire necessity” – Euripides
MUST READ GEMS
Best thing I read last week, by far. No excerpts, take some time to read it in its entirety.
26 Useful Concepts for 2026
PERSONAL FINANCE
More warnings about private equity: Endowment Lessons. The University of Chicago endowment is regretting the turn to alternative investments in recent years. Because…
Over the 10-year period through the end of 2024, the university’s endowment gained 6.7% per year. In contrast, Vanguard’s Balanced Index Fund (ticker: VBIAX) returned 8.2% per year over the same period. As a result, all things being equal, the university’s endowment would be nearly 15% larger today if it had put all its money in this one simple index fund rather than in the complicated mix of funds it chose. A further problem for Chicago’s endowment was the nature of its holdings. It had allocated more than 60% of its investments to private equity, real estate and other illiquid assets.
I have been following the expat scene in Thailand and I certainly have seen this happening: Americans Are Leaving the U.S. in Record Numbers. More citizens are replanting overseas, drawn by a quality of life made easily affordable by the U.S.’s enviable salaries. Yeah, inflation would cause this. And, well, I would rather not get into politics here which is definitely a factor.
CRYPTO/TECH/SCAMS
Excellent article about where we are these days: Bitcoin’s $1 Trillion Identity Crisis Hits From Every Direction.
The world’s largest cryptocurrency has plunged more than 40% from its peak, and the usual playbook isn’t working — dip buyers have vanished, and the forces that would normally fuel a rebound are now working against it. Gold is winning the macro-hedge argument. Stablecoins are winning payments. Prediction markets are winning speculation. The strange part: none of this is happening because the system failed Bitcoin. Washington has never been more accommodating. Institutional adoption has never been deeper. Wall Street has never been more bought in. Bitcoin got everything it wanted — and it wasn’t enough.
Interesting: Data Centers By Country.
AI
Just like last week the world learned about a Matt Shumer guy who wrote something that went mega viral, we had an investing “research” outfit I had never heard of write a piece of imaginary fiction that also went crazy viral and caused havoc among some stocks mentioned in the piece: THE 2028 GLOBAL INTELLIGENCE CRISIS. Basically, it is a cascading collapse of the markets and economies around the world. If you are scared, well, maybe increase your cash emergency fund, you have one right? And never forget to diversify!
You see AI everywhere. And so many scenarios, many scary as hell as the one above. I think, everyone is full of crap and nobody knows what will actually happen. I mean, we always sucked at predicting the future as a species…
Speaking of that, here is another one: AI and the Futures of Work. A decade of hype cycles, failed predictions, and the stories we keep telling ourselves about AI and work. The writer, involved with AI for many years, makes some good points, such as:
I don’t know anyone who’s currently working with AI who’s doing less work. On the contrary. I’ve been deep in the communities around Claude Code and similar tools over the last few weeks. What I consistently observe is that people who are using these AI tools are working even more than before. There are articles from developers (and HBR) who talk about burnout, about how intense it is to work with these tools, about not having energy anymore. The same thing I see from many people in this field: “I’m not getting enough sleep. I’m eating badly. I really need to get away from the computer.”
What we’re living through is not a crisis of who does the work, but a transition in what the work is.
So: take away the hype. Take away the future narratives. Explore AI as a normal technology. Be playful. Try things out. Build prototypes. But don’t compare it to “this has to change everything.” Just find out for yourself how it can be helpful, and keep learning about it. That will actually help you, and society, to be much more reflective and prepared for whatever comes next.
I think this is a huge issue, how do you get and train young people entering the workforce without actually learning on the job. Which is, you know, the best way to learn. AI could mark the end of young people learning on the job – with terrible results.





Great photo Buzz.
As a Hyatt fan, the news this week is certainly disappointing. But it was certainly a great ride. Finally will be able to do SE Asia this year and burn a bunch of points.
Thank you for the great links this week, enjoy your weekend.
Hey Buzz-
It was Dorothy who said “I don’t think we’re in Kansas any more.” I think she said it to Toto.
Useful Concept (which is brilliant-thanks so much for that guy) #3 perfectly describes my current position in the FF world:
“ When the sheer volume of conflicting information makes the effort of finding the truth costlier than the value of knowing it, people give up trying to be accurate and instead choose whatever bullshit stinks least. Slop doesn’t just threaten the truth, but the very worth of truth.”
The FF world we are seeing now is the back end of The Points Guy bringing the game we used to call hacking to the masses. My Facebook and other feeds are filled with people asking how to use their 50,000 credit card SUB bonus. Or worse, who got a 2 stop award to London in economy and want to know how to upgrade to Business Class. I think I’ll start answering that you can only upgrade if you live in Kansas.
And that 50k SUB doesn’t take you far anymore. It’s much harder to churn cards. Sure some sign up bonuses are higher. Some are still the same, remember 100k BA Avios points in 2011! And then there’s MS, 250k on Inks. Used to be $3750 in airline fares (CSR), or 250k Hyatt. 250k used to give me 10 all inclusive nights at Zilara. And now we are down to 3-4 nights for the same amount of MS effort. Don’t get me started on Hilton or SPG. “Inflation” is killing the game.
This is the blog post I most look forward to every week. Tons of stuff for me to read over the weekend and beyond. Thanks as always, George!
Got a heart monitor thing-ee glued to my chest but it comes off next Wednesday and after the recordings are examined, likely a minor procedure by my cardiologist. Also tied in with a visit with my kidney doctor and all is settled, I can finally start my planning for Italy (and the rest of Europe) for fall and winter. Maybe this time I don’t come back except to visit family and file taxes. Even though I am an old, it preys on my mind to get the hell out of here before it truly becomes a fascist autocracy.
Anyhow, thanks for sticking with this blog. I always enjoy it and your writing style works as well! Best to you and all your family!
Thanks for the link to the documentation of the U of Chicago woes. Oh gracious,
that is really sad. The comparison between what the U of C endowment earned
and what a simple index fund earned doesn’t get the disaster. With an a few
index funds to manage, you might need a couple modestly paid people, not
the highly paid “experts” who are supposed to outperform random walks.
As the piece said U of C was one of the centers of the efficient market hypothesis.
And Paul Samuelson, another other advocate, was an undergraduate at U of C.
Long-time subscriber, just wanted to say thanks for putting this together each week, I hope you never stop. I read and enjoy every one. It’s been awhile since you’ve had an affiliate link for a card I want that I can’t refer from P2, but I do check every time.
The Hyatt dilemma, I am just grateful that it hit early in the year. Requalification was already doubtful in our household, but had to cancel our upcoming jaunt to Vietnam and HK so that combined with the changes tell me it’s time to let go of Hyatt status. It does feel as if the party is over. Only Vietnam property we have stayed at was the PH Saigon which we loved. However that was 12 years ago. I can recall the beds were hard but they put an extra topper down for us. Butler on our floor to see to the needs of the occupants and they had the best ricotta pancakes at breakfast.
Re Americans expatriating themselves. We could not be happier that we did so and consider ourselves fortunate to have the second citizenship. Our quality of life far exceeds what we had in the US and our stress levels are probably way below what they would have been if we remained in the US.
I need to develop a strategy to burn our 500k Hyatts before the boat totally sinks but we only domestic travel planned for 2026 not sure what I can make happen. I can’t even get my head around what points are worth collecting anymore.
Hello to the TBB regulars,
I will respond tomorrow Sunday to your comments.
Spent last night at the new Hyatt House in Royal Oak, MI. Things you do to burn free night certificates that expire in a few days lol. Very nice brand new spotless property with a great location off Woodward Avenue with many fine dining establishments nearby. Had a great dinner with three friends that came with an amazing rib eye steak. Place packed, must be the awful economy.
Anyway, about to watch my AEL FC hometown soccer team play an away game in Crete and looking for another win or at least a tie to keep up the resurgence.
Sad to see bombs fly again in the Middle East 🙁
Mossad has something on Trump. Release all the Epstein files!
It’s interesting that I had to pay for Global Entry/pre check. It almost makes those services funded outside of the standard federal budget process. Ignore the fact that a single GE Immigration agent can handle an order of magnitude more people than regular immigration lines. It’s almost like DHS isn’t being hinest and is actively stealing money by not offering a service.
I applied many months ago for the renewal on my GE/Precheck. Still “Pending”. I am a VERY vocal online against the current fascist government and I would NOT be surprised that people like me get flagged for either delay or denial.
I wouldn’t attribute to malice what can be attributed to incompetence.
Good call most likely
@ David: Hyatt news disappointing indeed. Trying to enjoy my weekend but after seeing my hometown soccer team implode and lose yesterday it is not helping! Hope your weekend is much better.
@ Sam and @ ABC: Sadly, I agree with everything.
@ Carl: Hope that heart thingie turns out all right. Comparing Italy vs Thailand costs, I think you can travel to Thailand and stay for muuuuuch longer 🙂
@ DML: Yep, no argument from me. There is so much BS in that investing for endowments world.
@ Avi: One day I will stop, can’t be doing this forever. Selling just one card in 2 months just does not pay the bills enough to make it a “business” so I can use it to get business cards 🙂
Yeah, referrals also are not what they used to be, looking at Chase and Capital One. So, watch out, you think you may be getting referrals but are you really? And thank you, supportive comments like this help this blog crusader go on.
@ Vicky: I feel what you said, we are on the same boat. Just hit Night #12 for Hyatt by the way. I am targeting August/September for the last hurrah I think, we’ll see. Too busy to make actual booking plans right now but soon.
@ Sean: Yeah, that Global Entry is pure political BS. But it follows the chaos movement of the guys in charge.
Anyway, hope not that many innocents die again in the Middle East.
Also, MAGA was all about ‘America First”. Hold my beer, LOL.
Been suspecting this may be the same guy, or AI #randomthoughts
Wednesday @ 9.03 am by Jackson Newman
Thrifty Traveler: Amex Opens N@ 9.0ew ‘Sidecar’ Lounge Concept at LAS … & It’s Tiny
Wednesday at 9.03 am by Tyler Glatt
Award Wallet: American Express Opens First Sidecar Dining Concept at Las Vegas Airport — Here’s a First Look Inside
Wednesday at 9.07 am by Stella Shon
Upgraded Points: Amex Opens Its First Sidecar Lounge in Las Vegas With a Restaurant-Style Dining Experience
My wife and I go pretty much every year (Covid caused some issues) to Bali. Between my travel agent background for most of my 20’s – we’re the same age – and my frequent visits I can make a lot of suggestions and have a very reputable driver/guide we’ve used for close to 15 years now I can make a number of suggestions. It would be a bit long for comments here but the Hyatt Regency Bali has a lot going for it. The Grand Hyatt has much better suites but is pretty much in the middle of nowhere. Please, please reach out with any questions or thoughts as I’d love nothing better than to actually help you out for once.
Good to know. The HR sounds like a better fit for first time visit. It may happen in August or September…I will contact you when I take more concrete steps towards it, so many balls up in the air right now.
Hyatt Regency Da Nang (Vietnam) Low category and a resort may be good to visit.
Yes, that property looks very good. Not sure how many nights will be adequate for Danang and how to combine it with another Vietnam city, probably Ho Chi Minh or Saigon. Darn Danang is right in the middle between them. Thank you.
The Park Hyatt Saigon is pretty rock the house. Superb breakfast, great rooms, nice location and great miscellaneous like the bath towels. My wife said the huge thick towels were the size of a tent. Hyperbole of course but it gives you some idea.
Thanks, I keep seeing it but I must admit, after reading several reviews and looking at many photos, it just does not look that attractive. We tend to like more the modern feel properties and the PH Saigon appears to be the more traditional stately conservative kind of look. Will definitely be in the mix, if I ever get enough time to focus on burning.