You know who actually did show up at Ground Zero? Canadian emergency rescue crews.
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.
"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
Here are some of our recommended reads in this episode by the likes of @johncassidysays.bsky.social, @birdyword.bsky.social, Tom Butler-Bowdon and @gabrielzucman.bsky.social. Have a listen and then have a read... #EconSky #BookSky
Six months in and no end in sight. I took a look at the ever-rising tally in terms of military expenses, higher energy prices, and other economic costs. www.newyorker.com/news/the-fin...
How Much Is the Iran War Costing Americans?
A proper calculation must take in more than just the military costs.
newyorker.com
🚨🚨🚨 NATIONALLY, unsubsidized #ACA premiums are set to jump an *additional* 15% in 2027: acasignups.net/rate_changes...
NATIONALLY, unsubsidized ACA premiums to jump *ANOTHER* ~15% next year
I've finally completed my state-by-state individual & small group health insurance market analyses of the preliminary 2027 rate filings for all 50 states (+DC), so it't time to take a moment to check ...
acasignups.net
Six months in and no end in sight. I took a look at the ever-rising tally in terms of military expenses, higher energy prices, and other economic costs. www.newyorker.com/news/the-fin...
How Much Is the Iran War Costing Americans?
A proper calculation must take in more than just the military costs.
newyorker.com
"You would think that this experience would have taught Bessent the perils of tangling with the financial markets, but now, more than three decades later, he is in a high-profile tussle with bond traders..." My latest column: www.newyorker.com/news/the-fin...
The Humbling of Scott Bessent
Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to contain rising bond yi...
newyorker.com
"You would think that this experience would have taught Bessent the perils of tangling with the financial markets, but now, more than three decades later, he is in a high-profile tussle with bond traders..." My latest column: www.newyorker.com/news/the-fin...
The Humbling of Scott Bessent
Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to contain rising bond yi...
newyorker.com
You can’t talk about debt without talking about how we got into a bad predicament, and there’s only one correct answer: tax cuts enacted this century
$100K a month for fast access to the president's Truth Social posts? “It’s such a brazen pay-to-play scheme. Literally, you have to pay to play'" @veritasdhg.bsky.social tells me. www.newyorker.com/news/the-fin...
A Trump Grift Too Far?
A scheme to charge Wall Street traders for an early look at the President’s comments on Truth Social has generated outrage and a lawsuit.
newyorker.com
$100K a month for fast access to the president's Truth Social posts? “It’s such a brazen pay-to-play scheme. Literally, you have to pay to play'" @veritasdhg.bsky.social tells me. www.newyorker.com/news/the-fin...
A Trump Grift Too Far?
A scheme to charge Wall Street traders for an early look at the President’s comments on Truth Social has generated outrage and a lawsuit.
newyorker.com
In my column this week, I pointed out that rising competition and huge capex are usually a warning sign for investors. But of course this is AI, so they don't matter.
Today in @thenation.com: a harrowing piece written from inside the Dilley ICE detention center by Maryam Tahmasebi, a green card holder who's been locked up along with her husband and son for months despite none of them committing any crime. www.thenation.com/article/soci...
One Woman’s Message From the Hell of ICE Detention
My husband, son, and I have been locked up for months—despite being permanent residents with no criminal record. It is an unendurable, unending nightmare.
thenation.com
As I was saying the other day, Warsh's biggest challenge from a credibility perspective is demonstrating he's independent of Trump. The communications strategy stuff is important but secondary.
The academic turned speculator Victor Niederhoffer has died at the age of 82. He was a fascinating character. Here is a profile of him that I published in 2007. www.newyorker.com/magazine/200...
The Blow-up Artist
Can Victor Niederhoffer survive another market crisis?
newyorker.com
My take on Kevin Warsh's credibility problem. "Unless and until Warsh convinces people (of his independence from Trump), bond traders and commentators will react skeptically to his every comment, or refusal to comment, and who can blame them?" www.newyorker.com/news/the-fin...
The New Fed Chair Needs to Prove His Independence from Donald Trump
Kevin Warsh, the current Fed chair, has only been in office since May, but he’s already under fire.
newyorker.com
Fraser Nelson reckons Rod Liddle was “the greatest satirist since Swift” while Michael Gove is comparing him to not just Swift but Orwell. Amazing the comparisons you can get if you’ll pump out exactly the racist opinions even they are too squeamish to commit to print.
My take on Kevin Warsh's credibility problem. "Unless and until Warsh convinces people (of his independence from Trump), bond traders and commentators will react skeptically to his every comment, or refusal to comment, and who can blame them?" www.newyorker.com/news/the-fin...
The New Fed Chair Needs to Prove His Independence from Donald Trump
Kevin Warsh, the current Fed chair, has only been in office since May, but he’s already under fire.
newyorker.com
I worked for New York’s largest medical center at the start of the pandemic. There were morgue trucks on the streets. They set up emergency medical tents in Central Park. Healthcare worker colleagues died. It is horrific that RFK Jr is on national TV lying that ICUs were empty.
"Burnham will now have to deal with many of the same obstacles that handicapped Starmer’s government ... : stagnant living standards; a largely hostile press; political challenges from the right and the left; a hefty budget deficit; and wary financial markets". By @johncassidysays.bsky.social
Can Andy Burnham’s Manchesterism Save the U.K.’s Center Left?
With a populist touch, and a focus on affordability and raising up left-behind communities, Britain’s new Prime Minister has drawn comparisons to Zohran Mamdani.
newyorker.com
Tung Tung Tung Sahur 67
ALT: Tung Tung Tung Sahur 67
static.klipy.com
Aaron Rupar@atrupar.com · 2mo agoEnten on the 67 point swing (!!!) against Israel among Americans: "We're not just talking about the Democratic base anymore. The general electorate has turned against Israel. This is not just a left issue. It's an American issue. The trend line is unbelievable."
“.. The deal: a Trump-branded hotel, golf and residential project inside a Saudi development helmed by the crown prince. ..!Only now is the fuller picture coming into view.” @forbes.com www.forbes.com/sites/danale...
Can't get numb to this: The United States is stuck in a war it started, cannot end, and may further escalate to no avail, having dismantled its diplomatic apparatus, depleted its military stockpile, and destroyed its credibility. A historic strategic mistake harming millions in many different ways.
Manchesterism v Mamdani-ism "The thing that ties Mamdani and Burnham together is a focus on how you make life more affordable and dignified for households that are relentlessly squeezed,” Mathew Lawrence, director of Common Wealth, tells me. www.newyorker.com/news/the-fin...
Can Andy Burnham’s Manchesterism Save the U.K.’s Center Left?
With a populist touch, and a focus on affordability and raising up left-behind communities, Britain’s new Prime Minister has drawn comparisons to Zohran Mamdani.
newyorker.com
An amazing quote from Lindsey Graham in this Atlantic story. It really captures an essential truth about politics that too few people ever really come to terms with. www.theatlantic.com/ideas/2026/0...
Sticking with this: "On Tuesday, the BLS will release the June CPI...This may well give Trump something to trumpet for a day or two, but it’s unlikely to change the mood of ordinary Americans, who want to see prices falling—not merely going up at a slower rate." www.newyorker.com/news/the-fin...
Donald Trump’s Needless War with Iran Is His Biggest Economic Blunder
As the midterm elections approach, gas prices have started to rise again, and Trump’s poll ratings are in the cellar.
newyorker.com
🚨HOLY CRAP. An ICE whistleblower just revealed a secret memo authorizing ICE officers to break into homes without a judicial warrant, which DHS's own legal training materials say is unconstitutional! ICE then hid the memo from the public, passing it along by word of mouth and private conversation.
The Associated Press@apnews.com · 8mo agoBREAKING: Immigration officers are asserting sweeping power to enter homes without a judge’s warrant, a memo obtained by AP says.