Michael Neary
@michael-neary.bsky.social
SF-based, semi-professional economics nerd. Growth is Good.
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Reposted by Michael Neary
New York's (de)congestion pricing, which charges $9 to drive into Manhattan below 60 St, has reduced traffic, increased ridership, reduced subway crime, and is raising funds to fix the decaying transit system. Rare for a public policy to have this many benefits!
EXCLUSIVE: New York’s congestion pricing plan raised $48.6M in tolls during its first month, a strong start that exceeded expectations. The revenue figures, expected to be released publicly on Monday by the Metropolitan Transportation Authority, are the latest sign that the tolling plan is working.
Congestion Pricing Reduced Traffic. Now It’s Hitting Revenue Goals. (Gift Article)
Revenue figures from the Manhattan tolling plan showed that the program is on track to raise billions for mass transit repairs.
www.nytimes.com
February 24, 2025 at 4:26 PM
New York's (de)congestion pricing, which charges $9 to drive into Manhattan below 60 St, has reduced traffic, increased ridership, reduced subway crime, and is raising funds to fix the decaying transit system. Rare for a public policy to have this many benefits!
Reposted by Michael Neary
A lot of attention gets paid to the great writing and acting in THE WHITE LOTUS but I also want to emphasize how much the show works just because it looks and sounds great. The show is a consistent pleasure to look at and hear in a way most TV shows aren't.
February 24, 2025 at 7:51 PM
A lot of attention gets paid to the great writing and acting in THE WHITE LOTUS but I also want to emphasize how much the show works just because it looks and sounds great. The show is a consistent pleasure to look at and hear in a way most TV shows aren't.
Reposted by Michael Neary
If it seems like everyone is suddenly talking about a rapid catch-up by Chiness AI companies, and you're not sure how we got here, this week's brilliantly-timed briefing on the subject is a very good place to start.
www.economist.com/briefing/202...
www.economist.com/briefing/202...
China’s AI industry has almost caught up with America’s
And it is more open and more efficient, too
www.economist.com
January 27, 2025 at 11:15 AM
If it seems like everyone is suddenly talking about a rapid catch-up by Chiness AI companies, and you're not sure how we got here, this week's brilliantly-timed briefing on the subject is a very good place to start.
www.economist.com/briefing/202...
www.economist.com/briefing/202...
Reposted by Michael Neary
In total market cap, the Nvidia selloff today is a little bit bigger than if the entire listed market of Mexico went to zero.
January 27, 2025 at 4:19 PM
In total market cap, the Nvidia selloff today is a little bit bigger than if the entire listed market of Mexico went to zero.
Reposted by Michael Neary
Why don’t they make the entire NFL season out of bills-chiefs games
January 27, 2025 at 2:27 AM
Why don’t they make the entire NFL season out of bills-chiefs games
Reposted by Michael Neary
this is incredible stuff. most state DOTs would spend tens of billions on highway expansions to try and see numbers like this (that wouldn’t even pan out anyway thanks to induced demand lol)
January 14, 2025 at 12:31 AM
this is incredible stuff. most state DOTs would spend tens of billions on highway expansions to try and see numbers like this (that wouldn’t even pan out anyway thanks to induced demand lol)
Reposted by Michael Neary
I don't know how many All-Stars the Cavs will wind up getting, but Garland, Mobley and Allen have done a pretty damn good job tonight of making an argument for four
January 9, 2025 at 2:29 AM
I don't know how many All-Stars the Cavs will wind up getting, but Garland, Mobley and Allen have done a pretty damn good job tonight of making an argument for four
This game has lived up to the billing and then some
There's been 26 lead changes & 8 ties through 3 quarters of Cavs/Thunder.
TWENTY-SIX LEAD CHANGES
TWENTY-SIX LEAD CHANGES
January 9, 2025 at 2:17 AM
This game has lived up to the billing and then some
Reposted by Michael Neary
I expect congestion pricing to become more popular after it gets implemented and people see it working (as it did in places like London).
Hopefully, this builds the political support for congestion pricing schemes in other cities like DC/Bos/LA/Chi/SF/etc
Hopefully, this builds the political support for congestion pricing schemes in other cities like DC/Bos/LA/Chi/SF/etc
January 5, 2025 at 6:02 PM
I expect congestion pricing to become more popular after it gets implemented and people see it working (as it did in places like London).
Hopefully, this builds the political support for congestion pricing schemes in other cities like DC/Bos/LA/Chi/SF/etc
Hopefully, this builds the political support for congestion pricing schemes in other cities like DC/Bos/LA/Chi/SF/etc
Reposted by Michael Neary
As congestion pricing takes effect, remember that 85% of people who work in Manhattan commute by public transit, walking, or biking (and the share is even higher for workers in the congestion relief zone south of 60th)
January 5, 2025 at 5:42 PM
As congestion pricing takes effect, remember that 85% of people who work in Manhattan commute by public transit, walking, or biking (and the share is even higher for workers in the congestion relief zone south of 60th)
Reposted by Michael Neary
It’s good to see congestion pricing finally being implemented in NYC.
Drivers lost 101 hours on average sitting in traffic last year.
www.nytimes.com/2025/01/04/n...
Drivers lost 101 hours on average sitting in traffic last year.
www.nytimes.com/2025/01/04/n...
N.Y.C. Congestion Pricing Begins on Sunday
After twists and turns, a contentious plan meant to reduce traffic and pay for transit improvements is scheduled to take effect at midnight Sunday.
www.nytimes.com
January 4, 2025 at 5:42 PM
It’s good to see congestion pricing finally being implemented in NYC.
Drivers lost 101 hours on average sitting in traffic last year.
www.nytimes.com/2025/01/04/n...
Drivers lost 101 hours on average sitting in traffic last year.
www.nytimes.com/2025/01/04/n...
Reposted by Michael Neary
Some very dubious playcalling from Payton.
This is the one time “You play…to tie…the game!”
This is the one time “You play…to tie…the game!”
December 29, 2024 at 12:54 AM
Some very dubious playcalling from Payton.
This is the one time “You play…to tie…the game!”
This is the one time “You play…to tie…the game!”
Some bad news here too though
The retiree rolls are growing by about a million people a year faster than in the pre-GFC years -- good news if you're a prime-age worker, it's easier for employers to manage their headcounts without having to do layoffs:
December 28, 2024 at 4:47 AM
Some bad news here too though
Reposted by Michael Neary
People sometimes make fun of science that sounds stupid and random.
Meanwhile, a study of lizard saliva turned into a peptide medication, which was turned into a diabetes medication, which was turned into a GLP1 weight loss drug, that just became the first therapy every approved for … sleep apnea
Meanwhile, a study of lizard saliva turned into a peptide medication, which was turned into a diabetes medication, which was turned into a GLP1 weight loss drug, that just became the first therapy every approved for … sleep apnea
Breaking News: The FDA approved use of the weight loss drug Zepbound for a common form of sleep apnea. It is the first drug authorized to treat the disorder.
F.D.A. Approves Weight-Loss Drug to Treat Sleep Apnea
Zepbound is the first prescription drug approved specifically to treat the common condition.
www.nytimes.com
December 21, 2024 at 12:41 AM
People sometimes make fun of science that sounds stupid and random.
Meanwhile, a study of lizard saliva turned into a peptide medication, which was turned into a diabetes medication, which was turned into a GLP1 weight loss drug, that just became the first therapy every approved for … sleep apnea
Meanwhile, a study of lizard saliva turned into a peptide medication, which was turned into a diabetes medication, which was turned into a GLP1 weight loss drug, that just became the first therapy every approved for … sleep apnea
Great podcast on how walkable parts of cities drive a lion’s share of the value and output, and how downtowns are overexposed to office buildings and should instead aim for a portfolio of work-live-play uses.
open.spotify.com/episode/4VLH...
open.spotify.com/episode/4VLH...
Reimagining Cities with Rebecca Rockey and Chris Leinberger
Moody's Talks - Inside Economics · Episode
open.spotify.com
December 21, 2024 at 8:04 PM
Great podcast on how walkable parts of cities drive a lion’s share of the value and output, and how downtowns are overexposed to office buildings and should instead aim for a portfolio of work-live-play uses.
open.spotify.com/episode/4VLH...
open.spotify.com/episode/4VLH...
Reposted by Michael Neary
A good chunk of this trend is demographic change. Old people move less and the population got older. Tho still, significant declines in mobility within age groups. www.jchs.harvard.edu/blog/who-is-...
December 10, 2024 at 7:41 PM
A good chunk of this trend is demographic change. Old people move less and the population got older. Tho still, significant declines in mobility within age groups. www.jchs.harvard.edu/blog/who-is-...
Reposted by Michael Neary
Americans are now one-third less likely to die from cancer at the same ages as Americans in 1990
December 9, 2024 at 10:02 AM
Americans are now one-third less likely to die from cancer at the same ages as Americans in 1990
Reposted by Michael Neary
It’s widely accepted *that* less expensive housing markets see less homelessness, but this important piece shows *why*: family & friends have more space to spare worksinprogress.co/issue/why-ho...
Why housing shortages cause homelessness - Works in Progress
Why do high-cost cities have more homelessness? It's not just about rents — it’s also about the rooms friends and family can’t afford to share.
worksinprogress.co
December 5, 2024 at 6:18 PM
It’s widely accepted *that* less expensive housing markets see less homelessness, but this important piece shows *why*: family & friends have more space to spare worksinprogress.co/issue/why-ho...
Reposted by Michael Neary
NEW from me:
US productivity growth, the bedrock of long-run prosperity, is booming—and massively outshining peer nations. It's the fruit of running the labor market hot post-COVID, and now it's delivering higher wages, consumption, & welfare for Americans🧵
US productivity growth, the bedrock of long-run prosperity, is booming—and massively outshining peer nations. It's the fruit of running the labor market hot post-COVID, and now it's delivering higher wages, consumption, & welfare for Americans🧵
America's Productivity Boom
US Productivity Growth is Booming and Massively Outshining its Peers—Here's How
www.apricitas.io
November 25, 2024 at 11:29 PM
NEW from me:
US productivity growth, the bedrock of long-run prosperity, is booming—and massively outshining peer nations. It's the fruit of running the labor market hot post-COVID, and now it's delivering higher wages, consumption, & welfare for Americans🧵
US productivity growth, the bedrock of long-run prosperity, is booming—and massively outshining peer nations. It's the fruit of running the labor market hot post-COVID, and now it's delivering higher wages, consumption, & welfare for Americans🧵
Reposted by Michael Neary
wrote about Kendrick Lamar's GNX and angels dethroned and crowns reclaimed www.vulture.com/article/gnx-...
You Wanted the Beast, You Got the Beast
Kendrick Lamar’s jittery, claustrophobic new album understands the value of being a hero and a villain.
www.vulture.com
November 26, 2024 at 7:32 PM
wrote about Kendrick Lamar's GNX and angels dethroned and crowns reclaimed www.vulture.com/article/gnx-...
Reposted by Michael Neary
Six centuries of r-g
November 25, 2024 at 4:59 PM
Six centuries of r-g
Reposted by Michael Neary
“A city’s creativity doesn’t depend on cars. That’s the 20th century. We’re in the 21st.” - Paris Mayor Anne Hidalgo @annehidalgo.bsky.social www.ft.com/content/8fba...
Paris mayor Anne Hidalgo: ‘A city’s creativity doesn’t depend on cars. That’s the 20th century’
Accused of desecrating the French capital, the politician wants more bikes, green spaces and social housing
www.ft.com
November 23, 2024 at 5:42 AM
“A city’s creativity doesn’t depend on cars. That’s the 20th century. We’re in the 21st.” - Paris Mayor Anne Hidalgo @annehidalgo.bsky.social www.ft.com/content/8fba...
Reposted by Michael Neary
Here’s a crazy fact for you: Spain and Germany have now seen basically the exact same amount of economic growth post-2008. Would have been unthinkable to people during most of the 2010s. Spain has seen ~10 percentage points more cumulative growth since 2017.
November 23, 2024 at 9:26 AM
Here’s a crazy fact for you: Spain and Germany have now seen basically the exact same amount of economic growth post-2008. Would have been unthinkable to people during most of the 2010s. Spain has seen ~10 percentage points more cumulative growth since 2017.
Reposted by Michael Neary
“Sir he done dropped again”
November 22, 2024 at 5:56 PM
“Sir he done dropped again”