John Cassidy
@johncassidysays.bsky.social
Economics writer at The New Yorker. Author of “Capitalism and Its Critics: A History from the Industrial Revolution to AI" and other beach reads.
Elon Musk is single-handedly funding the Ken Paxton campaign:
Nearly eight months in, Trump's needless war has turned into a strategic, economic, and political fiasco. Whodathunkit? Practically anyone with a knowledge of the Middle East and the energy markets.
Really cool graph from @ernietedeschi.bsky.social on the bad site. Gen Z is the wealthiest generation in history controlling for age. Millennials are now finally wealthier than previous generations were at the same age. We are a very rich country. The problem always is bad distribution of wealth.
somehow i have had this very specific experience of reading absolutely fucking bonkers ayfkm trump tweets from italy for ten years now
Trump’s attempt to get Russian energy bailout? “‘I cannot overstate how much of a nothing burger this is,’ Rory Johnston, an oil market researcher and founder of CommodityContext.com.”
Trump says Russia to supply diesel to US and global market
President Donald Trump said on Friday that Russia had agreed to immediately supply diesel to US and global markets in an effort to lower fuel prices ahead of the US midterm elections, although analy...
reuters.com
Looking forward to this event later today. Thanks to Professor Will Milberg and the New School for inviting me to talk.
At a press conference outside 26 Federal Plaza, immigrant advocates and family members of those detained gathered to raise awareness about the arrests. They urged immigrant New Yorkers who have received a “call-in letter” from DHS to get legal help before their appointment.
'But I'm Not From Ghana': ICE Targets Longtime New Yorkers for Third-Country Deportation
Immigrants with protected status who've lived in the city for decades are finding themselves swept up, shackled and threatened with expulsion.
buff.ly
For a writer, Jeffrey Archer certainly lived the life. This from a profile I did of him in 2001. (1/2)
The novelist, perjurer, Conservative politician, and shameless bounce back artist Jeffrey Archer has died, aged 86. Here's a link to a profile of him that I wrote in 2001. www.newyorker.com/magazine/200...
Lord Rebound
Can Jeffrey Archer escape trouble one more time?
newyorker.com
Well, gee, this certainly makes $6 per gallon diesel worth it
Corporate profits now represent 14.9% of GDP, the highest share on record going back to 1947 Citadel Rubner
Trump's disapproval rating hits 60% in poll average. You may well ask who the 37.4% are. Significant nonetheless.
Helpful pull together and assessment of the latest guesstimates for forward AI capital spending, AI revenues, and required rates of return by the RobinWigglesworth.ft.com Common theme: huge $ sums, and, at this stage, it's largely funny money. www.ft.com/content/f83b...
What is the AI capex breakeven rate?
Heroic ROIC
ft.com
“Beyond two parking tickets for not moving his vehicle during snowstorms, Abdullah has no criminal record in Minnesota and was working legally as a mechanic while his asylum application was pending. He arrived in the United States in early 2023.”
MPR News@mprnews.org · 4w agoAdam Abdullah first spoke with MPR News on Sept. 8, during one of the 10-minute calls he was allowed each day from the prison at the U.S. naval base.
No president has ever gone into a midterm election as unpopular as Trump is today. Not even George W. Bush in 2006. Trump's net approval is twice as low as it was at this point in 2018. blog.fiftyplusone.news/p/no-preside...
Democrats hit midterm high as Trump approval reaches new low
No president has gone into a midterm election this unpopular. Not even George W. Bush in 2006.
blog.fiftyplusone.news
In time for the new school year--and the P(doom) debate--I'm pleased to say that my book "Capitalism and Its Critics: A History from the Industrial Revolution to AI" is available in paperback. 1/4
In time for the new school year--and the P(doom) debate--I'm pleased to say that my book "Capitalism and Its Critics: A History from the Industrial Revolution to AI" is available in paperback. 1/4
He ought to be asked about this when he’s presented as a Democratic strategist.
David Moore@davidrussellmoore.bsky.social · 4w agoDavid Plouffe, a Coinbase adviser, is on MS NOW the same day that the Fairshake super PAC it bankrolls announces it will spend $30M vs. Sherrod Brown in #OHSen. Last year, Sen. Tim Scott publicly thanked crypto industry "for getting rid of Sherrod Brown." Brown had called for consumer protections.
The Trumps would only do this stuff if they felt invulnerable, which apparently they are.
Aaron Rupar@atrupar.com · last mo.Q: Was it appropriate for POTUS' son to accept a gift from a friend of Putin? Will you investigate? BLANCHE: The president doesn't know who this person is. Other members of the family don't know who this person is. The president's son has said he's a very close friend. So am I investigating what?
The United States is preparing to sell Israel 40,000 bombs weighing 2,000 pounds (nearly a ton) each in a $2.8 billion sale. IT’S FUNDED BY U.S. TAXPAYER MONEY. The Trump administration has approved the sale, making it among the largest deliveries of U.S. munitions to Israel.
Report: Trump approves $2.8 billion sale of 40,000 one-ton bombs to Israel
In 2023, Israel reportedly used MK-84 bombs, which reportedly make up half of the sale, in areas of the Gaza Strip designated as safe for civilians, with each strike creating a crater measuring at lea...
haaretz.com
Seems like a fair question. Taxpayers dollars.
Jeff Tiedrich@jefftiedrich.bsky.social · last mo.here's today's post: "why the fuck were millions of dollars wasted on Donny’s pointless Emotional Support Trip to Ireland?" — everything could have been done right here at home. thanks for reading, and please sign up for my daily newsletter so you never miss a post —
Macklemore defended his remarks last week, saying, “Wanting all humans to be treated equal should never be controversial.”
Macklemore Removed From Ed Sheeran's Tour After 'Free Palestine' Remarks, Report Says
Macklemore defended his remarks last week, saying, “Wanting all humans to be treated equal should never be controversial.”
forbes.com
You know who actually did show up at Ground Zero? Canadian emergency rescue crews.
"An A.I. apocalypse in the labor market doesn’t appear to be arriving on the schedule advertised by the likes of Altman and Amodei. But having a bit of breathing space is no excuse for inaction." www.newyorker.com/news/the-fin...
Has the A.I. Job Apocalypse Been Postponed?
So far, the proliferation of A.I. models such as Claude and ChatGPT hasn’t led to mass displacement of workers. But deployment is accelerating and economic pressures are rising.
newyorker.com
"An A.I. apocalypse in the labor market doesn’t appear to be arriving on the schedule advertised by the likes of Altman and Amodei. But having a bit of breathing space is no excuse for inaction." www.newyorker.com/news/the-fin...
Has the A.I. Job Apocalypse Been Postponed?
So far, the proliferation of A.I. models such as Claude and ChatGPT hasn’t led to mass displacement of workers. But deployment is accelerating and economic pressures are rising.
newyorker.com