Las Vegas is booming on paper but something feels off. Meanwhile, cruise demand keeps soaring, and Red Dye No. 3 has entered the chat. At (00:25), Jason and Kevin break down why the Vegas Strip feels more like a branding experiment than a destination. By (10:23), they unpack how nostalgia, real estate shifts, and declining food service are reshaping the city’s core.

Then it’s all aboard: At (11:24), Jason reports back from a 10-day cruise and explores why ships that were once on bankruptcy watch are now overbooked. By (20:00), the duo dives into the bizarre culture of cruise loyalists—towel clips, door magnets, and all.

At (29:09), they reveal this week’s sponsor: the controversial Red Dye No. 3. That leads into a discussion at (31:10) about food regulations, American nostalgia, and why Kraft mac & cheese doesn't exist in Sweden.

Then, in Let Me Explain: LMEs at (36:23), Kent and Julian take over to explore how AI is being used (and misused) in LME analysis, what AI still gets wrong about credit agreements, and where lawyers remain indispensable.

Finally, at (51:22), they turn to Star Wars because Andor might be the best metaphor we’ve got for institutional collapse.