When a generation chooses service, change happens. In 1993, President Clinton created AmeriCorps with a simple idea: serving our communities can help build a stronger, more united nation. More than three decades later, millions of Americans have answered that call to serve — helping communities across the country meet their greatest needs. As we celebrate President Clinton’s 80th birthday, we’re looking back at the moments that defined his presidency and the ideas that continue to inspire people to make a difference. Help us celebrate President Clinton’s 80th birthday by signing his birthday card here:

BREAKING: Jane Street posted a $15 billion loss in July amid the collapse of Situational Awareness, per FT. The firm disclosed the loss to lenders as part of a deal to shift its $11 billion public debt pile to private investors.

GLM 5.3 notes and why we should stop being so surprised about these very strong Chinese models (most of this is talking myself through some of my denial -- yes, these models are the real deal).

BREAKING: Iran directly rejects Trump's new claim "pretty soon I'll be declaring Hormuz Strait a territory of the United States", saying "the Strait of Hormuz cannot be seized by tweet, nor by aircraft carrier, nor by issuing an order, nor by an election speech" and that "Iran neither fears threats nor cowers before displays of power," Iran's Deputy FM Gharibabadi says. Gharibabadi adds "once and for all, accept the reality: up to this point, you have suffered strategic and heavy defeats; the Strait of Hormuz has been Iranian, is Iranian, and will remain Iranian; this strait will only be closed and opened under Iran's command." Gharibabadi concludes "as long as you do not accept the reality of defeat and cease your fanciful delusions, Iran will continue to enforce the blockade."

World Liberty Financial, the Trump family’s flagship crypto venture, says its trust company has received preliminary approval from the Office of the Comptroller of the Currency to become a bank