at the stack, I talk rent again, and explain the One Weird Trick behind the Zohranmarket backofmind.substack.com/p/rent-alway...
rent, always rent
economics of the Zohranmarket
backofmind.substack.com
Dan Davies
@dsquareddigest.bsky.social
"if that's the strangest thing you ever seen in your life, I'd say you haven't done much"
if nothing else another big night for the "polling in the no-one-picks-up-their-phone-anymore Era is cooked" take
G Elliott Morris@gelliottmorris.com · 12h agoLooks like a 10-15 point polling miss in Michigan regardless of who wins. And people have been writing a lot of electability takes using this data. It’s dangerous out there folks be safe
They’re calling it the most theater kid story of all time
Pixie Casey@pixiecasey.bsky.social · yesterdayin insane local news, the 26 year old director of a rocky horror production was arrested for sending threatening messages to himself in order to get the play shut down bc he didn’t want to deal with cast drama www.mynbc5.com/article/rock...
Last February, Chris Hayes was talking about slop before it became a buzzword. The MSNBC host and author of "The Sirens' Call" had much to say on how our culture has evolved alongside technology in the age of attention capitalism. 🎧 Listen to the event audio on our podcasts page: buff.ly/LdrQD9l
Why are they doing so much capex when they don't have enough own-model business to use their existing capacity? Is the lease rate to Anthropic anywhere near a viable ROCE?
TIL another of Michael Rubin's deranged positions is Morocco should overrun Ceuta to punish Spain for not supporting Israel
Aron Lund@aronlund.bsky.social · 2d agoHistorically informed piece on the silly notion that Ceuta is occupied Moroccan land or an unjustly Spanish-ruled colonial possession, and how these claims spread among pro-Israel groups as a reaction to Spain’s pro-Palestine advocacy. @ajaltamimi.bsky.social www.aymennaltamimi.com/p/occupied-c...
By coincidence, read this today. It’s a great study with lots of relevance to making the more ambitious devolution framework work. (The associated book has even more detail)
Giles Wilkes@gilesyb.bsky.social · 22h agoQuotes: "during our period of study (1993-2024), mechanisms designed to regulate spending tended towards input control and short-term decision-making, struggled to support strategic investment and often failed to deliver sustained improvements in outcomes."
Quotes: "during our period of study (1993-2024), mechanisms designed to regulate spending tended towards input control and short-term decision-making, struggled to support strategic investment and often failed to deliver sustained improvements in outcomes."
Giles Wilkes@gilesyb.bsky.social · yesterdayThis is the Nuffield research that the incredibly productive Diane Coyle refers to in this article. www.bennettschool.cam.ac.uk/publications...
Star Wars: Gobaith Newydd i Gymru! A full dub of A New Hope in Welsh, announced at the Eisteddfod - to be broadcast on S4C on Christmas Day www.instagram.com/reel/DbndSfW...
Senator Wyden's report makes horrible reading, but to be honest it does stick in my throat a bit that the US political and law enforcement assistance did the square root of nothing while Epstein was alive, then turned around after his death to say how dare you let this man have a bank account.
[Previous NY Mayor walking down the street with a giant sack of bread throwing bread left and right on the street] -Its such a plague with all these *pigeons* Pauses to throw some more bread -Its a mystery really. We are quite frankly out of ideas. How could we reduce the number of pigeons
“We’ve recruited a Nazi who is well qualified to teach the police about combating extremism and antisemitism” is maybe the most 2020s British politics sentence I have seen so far this decade
Significant new report from @dianecoyle1859.bsky.social & colleagues makes the case that the UK has a mismatch between highly centralised institutions of spending control and increasingly fragmented systems of public service delivery (more so if devolution) www.nuffieldfoundation.org/news/opinion...
The myth of Treasury control: What’s wrong with the UK’s public spending system and how to fix it - Nuffield Foundation
The long-standing model of centralised Treasury control over public spending has inadequately adapted to the realities of public service delivery.
nuffieldfoundation.org
I think it's more a case of a market for lemons; online shopping created an economy in which people are only prepared to pay the lowest prices because they suspect they will only be shipped the lowest quality goods.
Max Dubler 🏳️🌈@maxdubler.com · 3d agoOnline shopping eliminated these gatekeepers and disintermediated the market, allowing consumers to express their desires more directly. And it turns out that what people really want is cheap disposable goods, not more expensive but higher quality stuff that lasts a long time.
The specific examples of his redeeming qualities I've read today also imply that, had he been a racist and abusive man who was ALSO rude at dinner parties or an ungracious colleague, then maybe some public ire *would* be appropriate. I think it's ok to find that calculus a little back-to-front.
so this is partly true BUT; it is certainly true, as the OP notes, that GM got convicted of monopoly practices around transit systems but I think a people (not the OP) come away from that with the idea (as in Roger Rabbit) that GM was replacing streetcars in the face of broad popularity (cont'd) /
David Ho@davidho.bsky.social · 3d agoIs everyone aware of the General Motors streetcar conspiracy? In the mid-20th century, auto and oil interests bought up electric streetcar systems across the US and systematically replaced them with bus routes and paved roads, funneling commuters toward private cars.
the famous baroque Church of St. Charles Borromeo in Karlsplatz, Vienna. Or as the local Scottish community calls it, Charlie Kirk.
The last two or three times I've been to business meetings in Germany I have told my clients "be careful, because whatever has gone wrong with Britain it started with the trains"
David Henig@davidheniguk.bsky.social · 2d agoMy initial view of German trains is they aren't just bad, but utterly catastrophic, sweeping cancellations far in excess of any reasonable system, and everyone just shrugging that this is normal. As a symbol of a fading economic giant it is perfect.
My theory was always that strict regulation of sports and casino gambling was the load bearing pillar of US equity investment culture
Dare Obasanjo@carnage4life.bsky.social · 2d agoRobinhood now makes more money from prediction markets than it does from stock trades or crypto. This adds weight to my theory that Bitcoin and crypto has crashed due to competition from Polymarket and Kalshi for the online gambler demographic.
Eligible pre-IPO investors in SpaceX can sell the first 20% of their stake as of Thursday. SpaceX has a staggered lock-up release schedule to “meter” stock sales but I argue in @alphaville.ft.com this turns the overhang into a prolonged hangover for the stock. No paywall: www.ft.com/content/6a8c...
SpaceX’s staggered lock-up release prolongs the pain
The biggest IPO wanted to avoid a cliff edge of insider selling but now has 12 months of uncertainty
ft.com
Updated numbers here: Burnham bounce still basically entirely coming from clawing back voters Labour had lost to Greens, Lib Dems and Plaid/SNP. In addition, Burnham now winning 10% of Green 2024 voters - double that from June.
Steve Akehurst@steveakehurst.bsky.social · last wk.Where is the 'Burnham bounce' coming from? So far, it's largely Labour 2024 voters returning to Labour - mostly those 'progressive defectors' who had previously switched to the Greens. Based on 5 polls with headline VI since 20th July (MiC, Delta, YG, Survation).
Actual research! If you ever wanted to know how the Big Mac index could be reconstructed on a per calorie basis here it is
FT Alphaville@alphaville.ft.com · 2d ago
I'm convinced by the stories people with visual impairments tell about how useful smart glasses are for them, but none of these users seem to depend on being able to record video, which is the main thing that makes them "pervert glasses". Why can't we just regulate that?
Time to offer this seminar again I see.
Olúfẹ́mi O. Táíwò@olufemiotaiwo.bsky.social · 5d agothere are a lot of philosophical concepts that get egregiously misused out of the seminar room (and in the seminar room, to be fair). but in terms of sheer pernicious misuse "social construct" has gotta be top 5 somewhere and it's not number 5
If you liked regulation by enforcement, you're going to love deregulation by non-enforcement
Todd Phillips@tphillips.bsky.social · 5d agoThe US has apparently decided to not enforce AML/sanctions rules against banks doing business with Venezuela. This means that, although Venezuela is still sanctioned, anyone who was previously unable to get ill-gotten funds out of the country can now do so. www.fdic.gov/news/press-r...
Neat!
Todd Phillips@tphillips.bsky.social · 5d agoThe US has apparently decided to not enforce AML/sanctions rules against banks doing business with Venezuela. This means that, although Venezuela is still sanctioned, anyone who was previously unable to get ill-gotten funds out of the country can now do so. www.fdic.gov/news/press-r...
Look, the man’s a prince and every day I try to invent a new device to mechanically augment the hold I have on his coattails
Richard Moody 🏳️🌈 🏳️⚧️@richardmoody.bsky.social · 5d ago@nogodsnomayors.com @postoctobrist.bsky.social you guys are really getting the free publicity just now @doctorow.pluralistic.net reveals No gods no mayor's to be his favourite podcast to Jon Stewart on the Weekly Show!