A useful reminder that there are only 2 ways to make electricity: 1) boiling water 2) renewables
Aaron Sojourner@aaronsojourner.org · 8h agoBut muh nuclear is resilient
Mike Madowitz
@mikemadowitz.bsky.social
Now: Principal Economist @rooseveltinstitute.org & Roosevelt Forward. Then: @equitablegrowth |@JECDems | @amprog | @RFF | @UCSDecon | @BrookingsEcon. This = me+β(no_sleep)+ε https://rooseveltinstitute.org/authors/michael-madowitz/
Aaron Sojourner@aaronsojourner.org · 8h agoTFW you can't build EVs fast enough b/c climate change
BMW Ramped Up iX3 Production, Then Hungary’s Nuclear Plant Shut Down
Following the nuclear power plant shutdown in Hungary, BMW has cut energy use at its plant, where iX3 production runs on two shifts.
autoblog.com
Congrats on inventing Children aged 6-9 (a pre-existing, though weird, ACS category)
McSweeney's@mcsweeneys.net · yesterday"He steals from the rich to give to the poor, which sounds generous until you learn what he steals. The people of Sherwood do not need six unmatched salt shakers, twenty-three hotel towels, or a bag of decorative seashells." buff.ly/VA5DpmF
Low-key hilarious that 5 billion passengers are literally flying in the face of Modigliani and Miller every year--including Modigliani and Miller!
Everybody wins when dads get joint custody-ish! (OK moms don't win--but they don't lose) This one surprises me a little--earnings increase in the face of reduced geographic job mobility, which points to large behavioral benefits when dads get regular IRL reminders they're dads!
Joint Custody Improves Fathers’ Lives and Boosts Kids’ School Performance
New research shows that keeping fathers actively involved after divorce leads to higher earnings, better mental health, and stronger academic results for children—with no downside for mothers.
cowles.yale.edu
Back from vacation! Tanned, rested, ready to school and be schooled by all questions about the curious state of the US economy rn AMA
Roosevelt Institute@rooseveltinstitute.org · 6d agoThe economy has weathered a remarkable number of shocks this year. But if conditions change, policymakers may have less room to respond than they’ve had in the past. More in the latest jobs analysis from @mikemadowitz.bsky.social
Praise for BUILD OR DIE from @jerusalem.bsky.social, @annemariegray.bsky.social, and @yappelbaum.bsky.social. Pre-order today! bookshop.org/p/books/buil...
Smart money betting on middleware as the profit center 7x valuation growth in a quarter for an AI commodification bet Nothing to see here
Exclusive | Stripe in Talks to Buy Buzzy AI-Model Marketplace OpenRouter
The startup based in New York was most recently valued at $1.3 billion, but could fetch around $10 billion in a sale.
wsj.com
Bright Horizons is a public company trying to make money in childcare, an industry notorious for incredibly thin profit margins, if providers make money at all. To do that, they have to enroll more kids, jack up tuition, and offer less. www.thecut.com/article/brig...
‘We Started Calling It Baby Prison’
A string of health and safety violations, including alleged abuse, has flattened Bright Horizons’ reputation. Why are parents still signing up?
thecut.com
Free lunch Hanging curve Pick your metaphor, but Kevin Warsh will have few chances to signal fed independence this strongly Sign is obvious, magnitude 🤷, but every other option to lower inflation expectations is much more costly piping this trial 🎈
Trump Allies Eye SVB Review as Path to Oust a Fed Governor
As President Donald Trump seeks more sway over the Federal Reserve, an external review of the 2023 failure of Silicon Valley Bank is turning into a high-stakes political fight.
bloomberg.com
Claims: 1/ Huge plunge in initial claims to their lowest level of the year. (Actually, their lowest level since 1969.) I'm skeptical this is anything other than noise, we'll see next week. More likely reality: layoffs are very low, not falling further.
Thinking of this one again for no particular reason
Karl Schamotta@karl-schamotta.bsky.social · 2w agoUse of the SPR as a political piggy bank has reduced US supply buffers:
The problem with years of stupid deficit hawk talking points is they’ve primed ppl to worry about big debt numbers when we should be worried about interest costs
The Wall Street Journal@wsj.com · 2w agoRenewed hostilities in the Middle East are driving a prolonged selloff in U.S. government bonds, sending yields close to their highest levels of the year and lifting borrowing costs for businesses and consumers.
Another falsified hypothesis about bad econ vibes I thought job openings dropped more in DC, NY, CA--overrepresented in media places. These aren't great in any of those places, but this is change in Job Opening rates from previous year for 2025 (via www.bls.gov/charts/state... )
Congress desperately needs to re-assert control over tariff (tax) policy, by getting rid of these old laws that everyone assumed no one would use. Our system is not intended to let one person raise taxes on a whim.
Carl Quintanilla@carlquintanilla.bsky.social · 2w ago“.. The move could unleash a new wave of economic chaos ..” @apnews.com apnews.com/article/trum...
(Time to book Bowman for a private closed door event!!)
EconReporter@econreporter.bsky.social · 3w agoToday is the last day before the Fed blackout!
Woof, this trade prices report is brutal, waiting to see the last big round of GDP Nowcasts after this one. "Higher prices for nonfuel imports more than offset lower prices for fuel imports in June." [And then we reupped the oil shock]
U.S. Import and Export Price Indexes summary - 2026 M06 Results
bls.gov
Exactly this. Starmer and Reeves ended the destructive misrule that had characterised the previous 14 years, but they were elected to change politics and the economy rather than stabilise it in a bad place.
Jonathan Portes@jdportes.bsky.social · 3w agoStarmer and Reeves' legacy is stabilisation without a strategy. My unsolicited advice to Andy Burnham and the new Chancellor. www.theguardian.com/commentisfre...
Warsh's focus is getting monetary policy "back on track" pretty insulting to his colleagues that engineered one of the few soft landings on record, albeit with inflation that has proven too sticky
Man, it’s almost like the institutionalists feel the need to give extra hawkish forward guidance. For no reason at all, I’m sure
Carl Quintanilla@carlquintanilla.bsky.social · 3w ago* FED’S WALLER: FOMC MAY NEED TO CONSIDER NEAR-TERM RATE HIKES @bloomberg.com
It was my pleasure to sit down down with @sjshancoxli.liberalcurrents.com to discuss social security and the state of the safety net in general. Really fun conversation. Give it a listen! @rooseveltinstitute.org
Liberal Currents@liberalcurrents.com · 3w agoThe last time they reformed Social Security, they knew that the baby boomers existed. They knew that fertility rates were dropping. What they did not know is that income inequality would explode. Listen to @socio-steve.bsky.social explaining the details to @sjshancoxli.liberalcurrents.com today.
This is really great. Crystallised the idea of AI slop as a tragedy of the commons.
Sam Learner@samlearner.bsky.social · 4w agowrote for the magazine about the open source software that underpins our digital lives, how it is being upended by AI code tools, and about maintainers as.ft.com/r/b7f62212-9...
They're calling it The Most Shruggie Emoji Pricing--or at least they were before we decided to reup this super popular war (gift link)
Jet-Fuel Prices Have Plunged but Aren’t Resulting in Much Lower Fares
Carriers see travelers continuing to pay up—and aren’t rushing to bring back flights and routes trimmed during oil’s surge.
wsj.com