The Biggest U.S. Oil Companies Are Eliminating Thousands of Jobs www.nytimes.com/2025/09/03/b...
PhD Economist, Certified Public Accountant, Academic. My Service Dog is Wilson.
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The Biggest U.S. Oil Companies Are Eliminating Thousands of Jobs www.nytimes.com/2025/09/03/b...
Why I think we should not go back to blue book exams. open.substack.com/pub/joshuaga...
Folks, given the way the Supreme Court has been ruling lately on presidential powers, and Congress' unwillingness to stand up for itself in any way, I think Fed independence will be a dead letter within a year. I honestly do.
First edition Bond books are an enduring collectible. Casino Royale in very good condition typically sells for $75K. A copy with a Fleming inscription can sell for $175K. Collectors of Bond books are often from the Middle East.
US factory construction continues steadily declining as CHIPS & IRA projects either complete or cancelāin official data released today, overall US manufacturing construction activity is down 7% compared to last year & electronics/electrical manufacturing construction is down 14%
It will get worse before it gets better. Pray for minimal violence in the interim.
The number of newly-built homes sitting on the market hit levels not seen since the Great Recession.
Grift, meet gravity.
The knee is one of the most taxed joints in the human body. Here is a workout that can help fortify the muscles and joints that support your knees.
Perhaps most stimulating paper I've read this year explores the economic consequences of attention being scarce, rivalrous, cognitive, and volitional. Reading it while listening to the Tony Rice Unit and drinking a lovely Jester King beer gets rather meta as my attention splits among them.
There are a handful of Republican senators who play musical chairs. There are three chairs that vote with Democrats. The music plays while the backroom deals are struck to determine who gets to sit in those chairs assuring that the administration gets the votes needed.
And I was planning a quiet evening ... paulkrugman.substack.com/p/an-emergen...
Tour de force review on āEconomics of Attentionā by Loewenstein just published in J Econ Lit @aeajournals.bsky.social #behavioraleconomics
Tariff take job. www.startribune.com/iron-range-l...
This week's edition of #TheProfessorIsIn is a back-to-school special, we explore what economists have learned about the effects of education in boosting your wealth, health, and happiness. www.youtube.com/watch?v=TwKF...
In the era of grade inflation, students at top colleges are more stressed than ever. @rosehorowitch.bsky.social reports:
Explore this gift article from The New York Times. You can read it for free without a subscription. www.nytimes.com/2025/08/28/o...
Breaking News: President Trump closed the loophole that allowed shoppers in the U.S. to buy inexpensive foreign items without paying tariffs and completing complicated customs paperwork. Your online shopping cart may soon be affected.
New Home Sales at 652,000 Annual Rate in July Median New Home Price is Down 12% from the Peak due to Change in Mix calculatedrisk.substack.com/p/new-home-s...
gazette.com/news/colorad...
There have been eras and locales of decline of religions, yet there are also ascendancies. Sometimes these two trends occur simultaneously across different localities, or in a region with one or more religions declining while another rises. Do you observe these countervailing directions anywhere?
These five maps and charts show why Putin is so eager to get his hands on one particular province in eastern Ukraine.
An MIT literature professor discovered that his students were quietly meeting outside class to write verse. Joshua Bennett on what this means for the future of AI and why poetry matters in a world ruled by tech: https://theatln.tc/GjKcDh8q
Explore this gift article from The New York Times. You can read it for free without a subscription. www.nytimes.com/2025/08/21/a...
Humanity Through the Ages (1908) was reportedly the film that Georges MĆ©liĆØs was most proud of. Wikipedia describes it as "an episodic narrative displaying examples of humankind's brutality." Sadly it is presumed to be lost
The New American Inequality: The Cooled vs. the Cooked www.nytimes.com/2025/08/20/o...
Come One, Come All! Buy Your TV Subscriptions Here! www.nytimes.com/2025/08/20/b...
Capitalism works when competition decides winners. The President is swapping market tests for political favorsāmates rates, not merit. It leads companies to spend more on K Street than R&D. The result: fewer breakthroughs, slower growth, and lower incomes. But it won't happen overnight.
New study in Nature Communications (https://www.nature.com/articles/s41467-025-62452-z): "3 stages of religious decline around the world." We find a secular transition begins at different times in different places. Over generations, drops in religious: 1. Participation 2. Importance 3. Belonging
www.nytimes.com/2025/08/19/b...
1. The philosophy of science sometimes gets an unearned reputation as a purely academic exercise that offers little by way of concrete tools for advancing research. This is wrong. And today, as we grapple with how AI is changing the nature of scientific activity, it's desperately wrong.
Mandatory retirement age of federal officials at 75 years old?
This military occupation along with DOGE cuts and reduced international tourists to the U.S. have created a serious recession for the D.C. metropolitan area.
1/ We put enormous effort into this: Comprehensive Timeline of Jeffrey Epstein-Ghislaine Maxwell Law Enforcement Failures (1996-2025) Important findings. Some will be new to many, including close observers All levels of government. 3 decades. #GhislaineMaxwell #EpsteinFiles #Corruption š§µ
A few years ago, Atlanta was such a hotbed of production that it seemed possible it would supplant Los Angeles as the heart of the entertainment industry. Now, the mood among movie and TV workers in Georgia is grim. on.wsj.com/4lw18YU
Trump, himself, uses mail-in ballots.
One of my favorite tariff charts Normally high prices are a sign of strong demand & induce manufacturing investment Tariffs instead give you higher prices & lower investmentāthe worst of both worldsābecause they're a tax on capital goods & supply chains
A majority of undergraduate students use AI for classwork, several studies show. Ian Bogost spoke with college students to explore their motivations behind using the toolāand the painful revelation professors may face this in classrooms this fall.
This one of my bronze sculptures by Bill Nebeker, accurately depicting an early 18th century birch canoe paddled my a member of the Iroquois tribe and a French trapper as they navigate flood water somewhere in the Great Lake basin, one of several historical artworks and artifacts I use as backdrops.
Personally I do not own anything associated with the Nazi regime. I do own models of American WWII bombers and fighters used against the Nazis.
Having the Bismarck battleship display would help complete a set of prominent WWII battleships, but it is odd to have it dominate the background of the room where you do podcasts.
I am a legitimate economist and I am a serious collector several ship models, paintings, watercolors, lithographs, and historic books. I also collect WWII aircraft models and fly RC planes.
U.S. Drinking Drops to New Low, Poll Finds www.nytimes.com/2025/08/13/w...
Explore this gift article from The New York Times. You can read it for free without a subscription. www.nytimes.com/2025/08/14/h...
What is the likelihood that the U.S. tariff rate of 15 percent will rise unless he is awarded the Nobel Peace Prize? Since trade between the countries is minor, that would likely backfire.
This is one of the most beautiful things I have witnessed, the craft here is impeccable.
āAlthough Homo sapiens is the only hominin species on Earth today, for the vast majority of humanityās existence, multiple hominin species shared the planet. Our family tree is more like a bush, with lots of twigs that were dead ends.ā www.scientificamerican.com/article/new-...
In this new @bostonglobe.com article, I argue Massachusetts should reject rent control (a terrible counterproductive policy) and instead address housing shortages by ending exclusionary zoning: www.bostonglobe.com/2025/08/13/o...
"We have this happen in the Industrial Revolution over 40 years, 50 years; the Agricultural Revolution, again, that was multi-decades. This one will happen in a decade." Jason Calacanis talks job markets, automation, and AI with @timmiller.bsky.social in the latest Bulwark Podcast:
New York renters are getting squeezed more than ever as apartment costs continue their relentless climb across the five boroughs. Have you been hit by massive rent hikes? Share your story with Bloomberg reporters: bit.ly/46VqDzp
Trump's firing of the BLS commissioner after a weak jobs report drew condemnation from economists across the political spectrum who were worried about the politicization of government data. His choice of replacement has only added to those concerns. #EconSky www.nytimes.com/2025/08/12/b...
āItās just a mistake to imagine that [BLS] is anything other than technical experts doing their best with the resources they have to tackle this really hard challenge" www.politico.com/news/2025/08...
For more than a century, virtually every corporate-productivity fad has assumed āthat employees can be managed as if they were machines,ā Arthur C. Brooks writes. The real solution to happiness and productivity might just be to ātreat people as peopleā:
On Elon, Inc., we discuss the global collateral damage of Elon Musk's cuts with 'DOGE' and how his self-reported savings pale in comparison to the $3 trillion just added to the deficit.
While I find the autocomplete analogy to be a useful starting place when explaining how LLMās work, this detailed thread digs into more fundamental critique of the technology.
"Credibility Gap" was used during the Vietnam War when the Johnson Administration didn't reveal that the U.S. wasn't winning the war as American involvement escalated. Seems like it's timely to dust off the term to apply to this administration's pronouncements versus its own impact on the economy.
Now the nominee as BLS head wants to reduce employment data to quarterly versus monthly reports. This is the opposite of transparency.
Key Inflation Gauge Sped Up in July as Companies Grappled With Tariffs www.nytimes.com/2025/08/12/b...
Need to continue to video longer to show cheating by dropping another ball with a better lie.
US tariff revenue reached a fresh monthly record in July, though the increase wasnāt enough to prevent a widening in the monthly budget deficit ā pointing to the federal governmentās continuing fiscal challenges.
@sarahlongwell25.bsky.social should The Bulwark consider relocating its offices outside of D.C.?
A destabilization of monetary policy, with illegal tariffs, credibility gap of economic reporting, historically high corruption, and deteriorating rule of law all aided by complicit Congress and SCOTUS will contribute to the delegitimization of the federal government. Constitutional overhaul needed?
The cost-of-living adjustment for Social Security benefits and SSI is the Consumer Price Index for Urban Wage Earners And Clerical Workers (CPI-W), which is calculated by the Bureau of Labor Statistics. Under reporting CPI-W cuts purchasing power of Social Security recipients.
Is the study of the transition of the French Fourth to Fifth Republic becoming pertinent now?
Is the study of the transition of the French fourth to Fifth Republic becoming pertinent now?
Is the study of the transition of the French fourth to Fifth Republic becoming pertinent now?
Well, shit.
An "economist" so dumb I had to explain to him how the import price index works last month will now lead the BLS, kill me
Is the study of the transition of the French fourth to Fifth Republic becoming pertinent now?
Economic illiteracy. Based innumeracy and overall ignorance and extraordinary hubris.
Is the study of the transition of the French fourth to Fifth Republic becoming pertinent now?
@radiofreetom.bsky.social Is the study of the transition of the French fourth to Fifth Republic becoming pertinent now?
@tribelaw.bsky.social Is the study of the transition of the French fourth to Fifth Republic becoming pertinent now?
The economics professor Doug Irwin speaks with @davidfrum.bsky.social about Trumpās trade war, the myth of protectionism, and what history teaches us about tariffs. Watch to the full episode of "The David Frum Show" here:
This week on #TheProfessorIsIn, we dig into official economic statistics. What are they? Why does the government provide them? Why there's a trade-off between accuracy, timeliness, and cost. And why it's so important that these numbers be produced free of political interference. youtu.be/oSbnv2drRkA
My lawnmower blenny fish.
15 Ways to Break Free of Your Phone www.nytimes.com/interactive/...
For example, we've recently learned that virtually all state-level DiD's are probably incredibly underpowered.
Fuck it. Iām releasing these. The police seized all of my lasers during this operation. I have a court date in my future. #FreeLordLaser #FreeLadyLaser I will tell the whole story later. But it was all worth it to release these images on this day. āGood men must not obey the law too well.ā
National accounting identities are a reality. Lying about this one doesnāt make it less true.
"But thereās a problem for the administration. An influx of foreign investment will worsen the trade deficit, which is the opposite of Mr. Trumpās stated goal." š² www.nytimes.com/2025/08/09/o...
Anybody who has worked hands-on with private sector data understands it cannot replace government statistics. Look no further than the National Association of Business Economist's statement from last week for what practitioners think: files.constantcontact.com/668faa28001/...
Look closely in the center to see a still lawnmower blenny fish.
But you do have beautiful coral reefs. After four months of setup I got my aquarium coral reef established and ready for growth. 32 corals, 16 fish, with shrimp, snails, and a sea urchin.
My coral reef today. After four months of setup it is now stable and established for growth. 32 corals, 16 fish, with shrimp, snails and a sea urchin.
Explore this gift article from The New York Times. You can read it for free without a subscription. www.nytimes.com/2025/08/07/w...
Breaking News: President Trump is removing the head of the IRS from his job, according to four people familiar with the matter.
Lucy and Charlie Brown with a football. www.nytimes.com/2025/08/08/u...
President Trump said he would nominate economic adviser Stephen Miran to the Fedās board of governors.
The IRS wonāt adjust current income-tax withholding levels for workers and employers to account for Trumpās new tax law, delaying savings from retroactive cuts for most taxpayers.
Trump Administration Live Updates: President Orders Closer Scrutiny of College Admissions Data www.nytimes.com/live/2025/08...
Data revisions are a normal, necessary part of trying to measure a $30 trillion economy in real time. They can also be jarring, especially for people who don't obsessively scrutinize every jobs report. So I dug into the how and why of revisions. A few big takeaways: #EconSky
80 years ago today the first atomic bomb was used against human targets. Since 1945 the power to do it again has rested in the hands of one person - who can order their use without anyone's permission and cannot be countermanded. www.theatlantic.com/magazine/arc...
Today @jevinwest.bsky.social and I recorded a video segment about AI and authenticity. I wish I'd seen this before we did so. www.theverge.com/analysis/718...
Economic history has lost one of its greats.
Principal Economist at Lightcast & former BLS economist: "... BLS is the most respected labor data producer in the world and it isn't even close. Don't forget that." š„š„š„š„ www.linkedin.com/posts/ronlhe...
The cost of food has risen faster than overall inflation in the last year.
What is your academic discipline?
Please tell me more.