The Cerf Report

David Cerf

The Cerf Report delivers clear, critical analysis of issues that often lack depth or rigor. Each episode examines the forces shaping economic power, public policy, technology, and institutional change — separating signal from noise. Audio editions are adapted from written research published on Substack, preserving the original analysis in a format designed for listening. thecerfreport.substack.com

  1. Oct 7

    The bidding never stops until the money does

    Rome did not fall because someone bribed a voter. It fell when the next bid cost more than the money was worth. This episode follows that structure from the men who financed Caesar, to the guard that sold the throne, to a president who has put the same offer in front of the American crowd. Not a crime. A price. And a question Rome answered too late. If this kind of clear-eyed analysis cuts through the noise for you, share it. Your support keeps The Cerf Report going. And if you haven’t already, subscribe. Visit TheCerfReport.com, follow @TheCerfReport on Substack, X, and BlueSky. The Cerf Report is a publication of Disruptive Business Solutions, LLC. (c) 2026 Disruptive Business Solutions, LLC. All rights reserved. Show notes and sources. Centers for Medicare and Medicaid Services, Medicare Improvement Fund Premium Rebate frequently asked questions — https://www.cms.gov/newsroom/fact-sheets/medicare-improvement-fund-premium-rebate-frequently-asked-questions Distribution of the five hundred dollar exchange refunds across thirteen states — https://finance.yahoo.com/economy/policy/articles/most-obamacare-500-rebate-checks-100000784.html The five thousand dollar dividend proposal, conditional language, and cost estimate — https://www.newsweek.com/trump-update-dividend-promise-republicans-house-senate-12498027 Republican objections to the dividend, including Massie, Good, and Schweikert — https://www.thedailybeast.com/trumps-desperate-cash-giveaway-sparks-republican-revolt/ Funding of the White House UFC event — https://www.newsweek.com/are-taxpayers-paying-trump-white-house-ufc-event-11995646 American Automobile Association national average fuel prices — https://gasprices.aaa.com/ Get full access to The Cerf Report at thecerfreport.substack.com/subscribe

  2. Oct 2

    The Gift That Keeps on Grifting

    The White House built a television channel in three days. On the fourth, the president’s private company applied to own its name. What that filing actually buys. Show Notes: Source article: Part I: “Trademarking the Presidency for Private Profit,” February 19, 2026. The four-day sequence * September 21, 2026 — The White House strips press passes from CNN, MS NOW and Politico. NBC, ABC, CBS and Fox suspend participation in the television pool. The administration launches “TRUMP TV: The Essentials Station” on the White House website and YouTube. * September 21, 2026 — The three outlets sue the administration over the revocations. * September 24, 2026 — Judge Timothy Kelly, U.S. District Court for the District of Columbia, issues a 14-day temporary restraining order directing that the press passes be restored. He finds the outlets likely to succeed on their due process claim, notes the revocations came without advance notice or clear standards, and says he is skeptical of the national security rationale because the filing offered no evidence the reporting threatened security. From the order: “Nothing in the record suggests the need for such urgency here.” * September 24, 2026, 11:20 a.m. ET — DTTM Operations LLC files a federal trademark application for TRUMP TV. The filing * Four international classes: television broadcasting, internet streaming, downloadable software, online news programming * Filing fee: $1,400 * Filed on an intent-to-use basis — no existing commercial use required * The application states that Donald J. Trump personally consented to registration of a mark bearing his name, and that the consent is “of record,” as Section 2(c) of the Lanham Act requires * An examiner’s first substantive review is typically about five months out * Trump TV peaked at roughly 8,000 viewers The precedent * February 13–14, 2026 — DTTM Operations filed applications for Trump International Airport, Donald J. Trump International Airport, and DJT * Palm Beach County subsequently entered a licensing arrangement involving the Trump name in connection with the airport The legal frame * 5 C.F.R. § 2635.702 bars executive-branch employees from using public office for private gain, for the gain of relatives or affiliated organizations, or in ways implying government endorsement of a private enterprise. It binds federal employees. It does not bind the president. * The Hatch Act’s political-activity restrictions expressly exclude the president and vice president. * The U.S. Patent and Trademark Office is an executive-branch agency within the Department of Commerce; its director is appointed by the president. * The Domestic Emoluments Clause (Article II) fixes presidential compensation and bars any other emolument from the United States or a state. The first-term emoluments cases ended without a merits judgment when the Supreme Court dismissed them as moot in January 2021. Sources * Freedom Forum — Judge temporarily reinstates CNN, MS NOW, Politico reporters’ White House access * NPR — Journalists return to the White House upon judge’s orders (Sept 24, 2026) * CNN — CNN, MS NOW and Politico sue Trump administration over White House access (Sept 21, 2026) * Gerben IP — Trump Org files trademark application for “TRUMP TV” (Sept 25, 2026) * Newsweek — Trump company files trademark for White House’s “Trump TV” * Bloomberg — Trump family business seeks “Trump TV” trademark after media ban * USPTO records, DTTM Operations LLC Related Cerf Report Articles - TheCerfReport.com and thecerfreport.substack.com * “Trademarking the Presidency for Private Profit” — February 19, 2026 * “The 1.776 Billion Dollar Question” — May 18, 2026 * “Trial by Accusation” — June 4, 2026 The Cerf Report — A publication of Disruptive Business Solutions, LLC. © 2026 Disruptive Business Solutions, LLC. All rights reserved. Website: TheCerfReport.com | Follow: @TheCerfReport AI was used in editing this article. The content and argument are mine. Get full access to The Cerf Report at thecerfreport.substack.com/subscribe

    The Gift That Keeps on Grifting
  3. Sep 27

    The Grand Design: What If the Chaos Is the Strategy?

    Most commentary treats this year as noise: a raid in Caracas, a war with Iran, Russian refineries burning, diesel shortages, allies hedging. On Macro Voices, Rabobank global strategist Michael Every called it design — a contest with China fought through energy. This episode takes that case seriously. Then it asks the two questions the theory leaves open: who pays for the time it buys, and whether Washington is playing a hand or discovering one after the fact. There are five choices in front of the country. Deny China or rebuild America. Hold allies by consent or by coercion. What 10 January is for. Whether a nuclear fallback for Iran is even on the table. And whether anyone will explain the strategy in public. Production note: This episode was edited with AI assistance. The reporting and argument are mine. Listen / readAudio above. Full text in this post. Complete sources: TheCerfReport.com On this episodePrimary source: Macro Voices Episode 551, Michael Every, 24–25 September 2026. https://www.macrovoices.com Also cited: NPR on the Senate and House Iran war-powers votes; House and Senate letters to Treasury on Venezuelan oil proceeds; USDA / IndexBox diesel prices for the week ended 21 September 2026; Carnegie and Energy Intelligence on China’s crude sources; Washington Post / Spokesman-Review on interceptor drawdown; White House and Chinese Foreign Ministry outcomes from the 23–25 September Xi visit. Every’s nuclear-fallback remark is his speculation on the program, not a published U.S. plan. Get full access to The Cerf Report at thecerfreport.substack.com/subscribe

  4. Sep 24

    The Peace President: Did Strength Deliver Peace?

    Trump says he has ended eight wars. One of them, Iran, is in its seventh month. The world recorded 65 armed conflicts in 2025, the most since 1946. I measure his peace record by his own standard. Did strength deliver peace? Show Notes Sources: * See full details at TheCerfReport.com * Peace Research Institute Oslo, “Conflict Trends: A Global Overview, 1946-2025” (June 2026). State-based conflict count, interstate conflicts, battle deaths, non-state and one-sided violence figures. https://www.prio.org/publications/14802 * PRIO news release, “Conflicts between states highest level since World War II” (June 9, 2026). https://www.prio.org/news/3719 * V-Dem Institute, “Democracy Report 2026: Unraveling the Democratic Era?” (March 2026). Global autocratization trends; United States listed among new autocratizers in 2025. https://www.v-dem.net/documents/75/V-Dem_Institute_Democracy_Report_2026_lowres.pdf * CBS News, Trump UN General Assembly address, “annihilate” remarks (September 22, 2026). https://www.cbsnews.com/news/trump-address-united-nations-general-assembly-meetings-world-leaders-iran-ukraine/ * NBC News, State Department approval of 24.3 billion dollar F-35 sale to Saudi Arabia; 142 billion dollar package from May 2025 (September 18, 2026). https://www.nbcnews.com/politics/national-security/state-department-approves-243b-f-35-fighter-jet-sale-saudi-arabia-chin-rcna598487 * CNBC, F-35 sale and thirty-day congressional review (September 18, 2026). https://www.cnbc.com/2026/09/18/trump-saudi-arabia-f-35-houthis-iran-war.html * United Nations, full text of the Secretary-General’s address opening the general debate (September 22, 2026). https://egypt.un.org/en/323118-secretary-general-address-opening-general-debate-81st-session-general-assembly * UN Meetings Coverage, opening of the General Assembly high-level debate, Guterres address (September 22, 2026). https://press.un.org/en/2026/ga12785.doc.htm * PBS NewsHour, Day 1 of the 2026 UN General Assembly, Guterres and Trump remarks. https://www.pbs.org/newshour/world/watch-live-day-1-of-the-2026-united-nations-general-assembly * Middle East Eye, Guterres on ceasefires; Lula address (September 2026). https://www.middleeasteye.net/news/un-general-assembly-2026-war-iran-and-gaza-genocide-dominate * CNN, UNGA Day 2, Sanchez on Security Council reform (September 23, 2026). https://edition.cnn.com/2026/09/23/world/live-news/united-nations-general-assembly-iran-trump-ukraine Get full access to The Cerf Report at thecerfreport.substack.com/subscribe

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The Cerf Report delivers clear, critical analysis of issues that often lack depth or rigor. Each episode examines the forces shaping economic power, public policy, technology, and institutional change — separating signal from noise. Audio editions are adapted from written research published on Substack, preserving the original analysis in a format designed for listening. thecerfreport.substack.com

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