Im a little confused by the top too
Writing about financial markets for @risk.net, and occasionally other things. recovering real estate and architecture reporter. bike girl about town
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Im a little confused by the top too
I just love to listen to Brian Lehrer in podcast form :)
Oh hey it’s @felipedlh.bsky.social on yesterday’s Brian Lehrer!!
Generally this was a good report for the doves, with durable goods prices falling in a surprise swing and continued rent disinflation. That said! Services PCE ex Energy/Housing (proxy for trend inflation ex tariffs) is firming. Stripping out imputed categories, it keeps running above 2%.
www.bloomberg.com/news/article...
Spotted Bill de Blasio on the F in Brooklyn for the first time in a while. Exciting to see him back lol. He was wearing an interesting orange top and a Pittsburgh pirates hat, for some reason
"The grand jury’s rejection of the felony charge was a remarkable failure by the U.S. attorney’s office in Washington and the second time in recent days that a majority of grand jurors refused to vote to indict a person accused of felony assault on a federal agent." www.nytimes.com/2025/08/27/u...
It’s supposed to be set in/about Kensington
Yes
When you fire up a show that’s supposed to be set in Philly and every single shot in the pilot is clearly Brooklyn
With Lisa Cook suing to challenge Trump's firing of her, experts in mortgage law tell me her lawyer can now use discovery to dig into the role Trump loyalist William Pulte played in singling out mortgages of her, Schiff and Letitia James for scrutiny: newrepublic.com/article/1996...
The haboob that blew through Tempe yesterday.
In its alleged fight against antisemitism, the Trump administration has relied on two groups with murky funders—one of which is in Israel. Here's my deep dive @thebaffler.com into Canary Mission and Betar, two extreme Zionist groups at the heart of Trump's crackdown. thebaffler.com/latest/for-b...
BREAKING: Fed governor Lisa Cook will sue over Trump firing
seems like we're doing great
If Trump fires enough of the Fed board dissenters, I wonder if we will get to a point where he can continue to drive inflation upward without triggering a rate increase.
Fed legal expert Peter Conti-Brown: “So the idea that you can then reach back, turn the clock backward and say, you know, all these things that have happened before now constitute fireable offenses from your official position is to me incongruous with the entire concept of 'for cause' removal.”
Trump fires Lisa Cook in an unprecedented move, and immediately the US dollar sinks against the Yen (in red), the Euro (teal), and the British Pound (purple). Stocks are also sorting it out, but down around a quarter point. Point is: Markets don't think this is move helps American business.
i've decided to run for mayor of new york city. i hate this city, i hate being in it, i think everyone in it is stupid except for me, when people have fun here it makes me mad, i don't know why i'm running, i don't want to be mayor, and i have $4. see you at the polls
I didn’t realize they kept this up at defector lol
What book
Is this on fort ham? Looks very familiar
Along with yeast. It was hard to find. I was delivering groceries to people in 2020 as part of a local mutual aid group so I remember all the grocery stuff very vividly. Small businesses did solicit donations from people too in order to keep operating through that period.
Maybe it’s bc I lived here through all of it but the whole thing was just another example of that show kind of whizzing past real life
If we’re talking about peak 2020 pandemic, there was a spike in demand/price for certain baking ingredients especially in nyc. The idea of someone paying for pies, not picking them up and the owner letting them go to waste during that period shocks me a little bit
Why would the bakery owner be happy Carrie ordered pies during the pandemic and then left them there……..
Also my boyfriend, who has never seen the show, was very excited that they shot that in his neighborhood bakery
Wasn’t it like seven pies? It was demented in many ways
Not sure I saw this but the book was good
Not sure what happened bc the only political discourse on my radar is chip bag related
Breaking Herr Silence: "Bob Clark, VP of marketing for Herr Foods, Inc., said the company was surprised to see its chips mentioned in the press. 'While we can’t speak to the details of the story, we can confirm that our Sour Cream & Onion flavor is money.'” www.thecity.nyc/2025/08/21/w...
It’s important to pay for local journalism but not like this. www.thecity.nyc/2025/08/20/w...
its a big problem
Although Trump wants to blame people not moving or buying homes on high interest rates, that's only one piece of the puzzle. Rising prices for consumer goods and for raw materials you'd need for renovations, job market uncertainty, stagnant housing unit growth, less immigrant labor are all factors
We're seeing this effect in the rates market too. Economic uncertainty created by chaotic policy making is a big problem www.wsj.com/economy/amer...
Yes
The plan? Make vegetables substantially more expensive and give candy and soda makers low-impact PR wins
Again, i know folks who’ve been on calls with the admin about this, and their entire plan is get massive gas plants running within 6-12mo. They genuinely cannot understand why that doesn’t work, or why shutting down wind (which the eagles thing basically will) is a problem
Air Canada flight attendants are striking this weekend but luckily it seems like our flight to Montreal won’t be affected www.nytimes.com/2025/08/14/w...
The New York City Council on Thursday passed a plan to allow the development of some 9,500 additional homes in Manhattan. The plan would open a new swath of Midtown, including the garment district, to residential development.
now do windows on the world
thank you!
you know they wont
I continue to think the labor supply story is *far* more important and has far greater impacts on wages/inflation than is currently internalized by the market. There was no way we were going to create jobs at a solid pace in Q2 with this many people being forced out of work.
it's giving 'biophilic design'
this has been a good list so far ,thank you
yeah i've been following him a long time. looking for people besides him and metro north capital
what finance people should i be following on here besides the obvious picks? or are they all still on twitter
LGA as a place is much nicer than it used to be but the lack of rail service still makes it a tough sell. EWR has rail service and an airtrain which is unfortunately terrible
It’s a nice place to ride your bicycle, but perhaps it’s a good thing that relatively few people know that
babe not in front of the shareholders
I also am so curious who’s posting for him because it does not seem like him
I think it must be
NEW: The CDC shooting was much worse than initially reported. 181 rounds. 150 windows hit. Staff are furious at RFK Jr. and Trump becuz their long-running fears about anti-vax rhetoric turning deadly seem to be vindicated. @laurenweberhp.bluesky.social + Me. www.washingtonpost.com/health/2025/...
looking into it, the NJ one seems extremely similar to NY and it has much less funding. people shooting in NJ would be almost completely driven by lower costs
i'm confused. is the implication here that NJ's film tax credit program is more generous than new york city's?
now we're just naming tv shows filmed in nyc lol. there are actually many because we have a few different film studios here.
I love High Maintenance but it’s def not prestige tv
Yeah kind of similar with NYPD Blue which I think had one of the first gay recurring characters on network tv…
Yes! It’s definitely got its fair share of offensive language. I’ve also been (re)watching NYPD Blue recently and uh plenty of that in there too
I rewatched it recently and apparently a lot of reviewers at the time panned it. Little did they know!
I unironically love this movie, sorry. I don’t know if it’s Great Cinema but it’s an important New York Movie
Feel like it’s been under discussed that BLS does not just do the jobs numbers. They’re also responsible for CPI and other metrics the financial markets rely on
can't have bad numbers if there are no numbers
Went to Wegmans and got a few things, spent $27.25. Replicated the order on Instacart and the total was $47.84. Instacart is arguing that it's a lifeline for low income families, and that a worker minimum wage would force them to raise prices for consumers... how does this make sense? It doesn't!
NEW: CPI Inflation rose to 2.7% year-on-year, increasing 0.2% month-on-month Core CPI inflation rose 3.1% year-on-year, growing 0.3% month-on-month
(BARRON’S) - About 10 million Americans will lose their health insurance as a result of the One Big Beautiful Bill Act, according to an analysis released Monday by the nonpartisan Congressional Budget Office. @barrons.com www.barrons.com/articles/big...
according to our calculations this is going to be visible *tomorrow* August 12 at 6:29pm from the intersection of Vanderbilt and Dekalb — see you there? 👁️https://nygroove.nyc/eye-of-sauron-building-brooklyn/
I'm officially out of a job--they eliminated mine, and I'm taking severance instead of a wildly different title they offered me that's not at all what I was hired to do. Solidarity forever 🌺, and while I take a breather someone come up with some good ideas of work I could do.
if you dont know how to open the rent guidelines board web page and clink on a link, you should not be running for citywide office
what i've learned in the last few days is that many people - including current and former elected officials in new york - do not know how to look up basic facts about our rent stabilized housing stock. feels like a problem if you are indeed hoping to govern new york city
Here’s a cool thing: the MTA is looking at untangling the DeKalb interlocking in its upcoming B/D/F/M train signal upgrades instead of doing it later during N/Q/R/W signal work nyc.streetsblog.org/2025/08/11/t...
BBC International Editor Jeremy Bowen has confirmed that the entire Al Jazeera team in Gaza City has been killed.
Would 100% watch a sitcom in which Cuomo and Dershowitz end up roommates, Dershowitz is denied a pierogi every episode in exactly the same way, and Cuomo runs for successively lower-stakes office each week, only to lose again.
1/3 of BLS leadership positions are currently vacant. Field offices around the country are closing due to staff shortages. They fired the advisory council that was assessing how to increase survey response rates. These are not actions you take if you actually want to improve the data.
Feeling very “look how they massacred my boy” about Eater, man. That place has been home to some truly amazing talents, like generational-genius reporters and writers, in my years there and in the time since. Solidarity with everyone affected by today’s layoffs.
And???
I think Powell does not resign
*TRUMP: HAVE CHOSEN DR. STEPHEN MIRAN FOR FED GOVERNOR
Taking it over and running it at a loss was something the city tried and gave up on, and ultimately it sold most of those or tried its best to financially extricate itself. I think if the city was going to get back into the biz of doing that, there would need to be federal and state subsidy.
You could argue that the city should develop a robust infrastructure to help shepherd these kinds of properties and tenant groups, and that maybe it would avoid repeating past mistakes. but it’s really rather sad what happened with these programs since the era when they were actually feasible
NYC has many properties where the tenants did in fact take over - and even converted the property to coops - and did not manage the building properly, either bc they lacked the expertise, the funds or both. It’s one reason why we have a lot of distressed coops. These aren’t new problems.
If your best argument for fixing the capital stack and the rent regs is that we’re gonna go back to the bad old days, then you need new material. I’ve been hearing that one for a long time.
I’ve also never cared for this “landlords are gonna abandon their buildings like they did in the 70s” argument. No they’re not. Nobody buys that bc the city isn’t bankrupt, no soaring crime rates, stable employment numbers, etc
The other thing is that vanishingly few traditional lenders will work on stabilized deals now unless the buyer is a large, established company. There’s too much risk. So the question of who will buy and finance these buildings is an important one that has yet to be resolved.
Stabilized LLs also used to be able to price more of their cost increases into their rents and now they can’t. That’s a function of how the laws are structured since 2019. No one has come up with a solution for that
I also don’t really like people muddling what the RGB and other entities characterize as opex costs and mortgage costs. Not really in the same bucket in my book, but might be a result of how Greg David wrote this story, idk
Ultimately you can’t ignore the core issues here, which are the rising costs of insurance, materials, equipment, labor. Those things will likely only get more expensive with tariffs and an inflationary regime in place. Some owners also become over levered bc of the 2019 reforms and the pandemic…
The problem with this post is that the regulated landlords do face fast rising opex costs, and this is true for people who have those distressed Signature loans, who have actual distressed properties, and even for folks with no mortgage at all.
if there's one thing I know about rich New Yorkers it's that they love the bus
If hotel conversions were easier to accomplish we might see more of those, but unfortunately they aren’t.
I kind of think we’re past the point of being precious about office to residential conversions. Vacant office buildings are also bad for these areas, and I think having more residents would be a net positive for the nearby retail (and maybe even the remaining office).
Good morning. It is now 12:01 AM, which means tariffs have increased on $1.6T in US imports from more than 90 countries. Those increases go from as small as 5% for goods from the EU & Japan to as high as 31% on Syrian goods, driving the overall tariff rate up more than 2%.
Talk to me when you’ve moved all your stuff - or at least furniture - on the subway
I like that this is confusing to people bc a lot of our politics posters are just Some Guy. A few are pretty young too
Scoop: The Trump administration is now pushing for national mandatory land use restrictions on all wind projects — including those on private land — by claiming they present a risk to critical communications infrastructure.
Scoop: EPA is preparing to cancel $7 billion in grants intended to help low- and moderate-income families install solar panels www.nytimes.com/2025/08/05/c...
Reading it on the terminal is def the most expensive way to access it lol
Is this a WSJ article on the terminal??
I also went to my first liberty game recently and this thread is very funny for me