Reposted by Spiros Travlos
GS sees US recession if full tariff rates go into effect
https://www.ft.com/content/b33323ee-af23-4289-9dec-2a78ad7630b7
https://www.ft.com/content/b33323ee-af23-4289-9dec-2a78ad7630b7
GS sees US recession if full tariff rates go into effect
And it’s almost 50-50 even if they don’t
www.ft.com
April 7, 2025 at 8:11 AM
GS sees US recession if full tariff rates go into effect
https://www.ft.com/content/b33323ee-af23-4289-9dec-2a78ad7630b7
https://www.ft.com/content/b33323ee-af23-4289-9dec-2a78ad7630b7
Reposted by Spiros Travlos
Revoking the CHIPS Act would threaten not only the current boom in US semiconductor investment but also any future programs incentivizing investment to compete with China. The Trump admin should make funding more targeted & efficient, including by reforming its over-budget tax credit.
The CHIPS Act already puts America first. Scrapping it would poison the well for US investment.
In his recent speech to Congress, President Donald Trump claimed that companies receiving CHIPS and Science Act subsidies “take our money, and they don’t spend it,” urging lawmakers to “get rid of” it...
www.piie.com
March 27, 2025 at 4:18 PM
Revoking the CHIPS Act would threaten not only the current boom in US semiconductor investment but also any future programs incentivizing investment to compete with China. The Trump admin should make funding more targeted & efficient, including by reforming its over-budget tax credit.
Reposted by Spiros Travlos
BREAKING: If an election were to happen tomorrow it would be a Liberal supermajority.
March 11, 2025 at 11:46 PM
BREAKING: If an election were to happen tomorrow it would be a Liberal supermajority.
Reposted by Spiros Travlos
Decades from now, the Covid-19 pandemic will be visible in the historical data of nearly anything measurable today. Here’s an incomplete collection of charts that capture that break — across the economy, health care, education, work, family life and more.
30 Charts That Show How Everything Changed in March 2020
It can be easy to forget, or look away from, the pain and disruption of the pandemic. The numbers will be there to remind us.
www.nytimes.com
March 10, 2025 at 12:37 PM
Reposted by Spiros Travlos
Here are the imports from Mexico & Canada that will be hit the hardest by the 25% tariffs.
From Mexico: transport equipment, fruits & vegetables, electronics, & machinery
From Canada: wood products, metals, fuels, food products, & transport equipment
Learn more: www.piie.com/research/pii...
From Mexico: transport equipment, fruits & vegetables, electronics, & machinery
From Canada: wood products, metals, fuels, food products, & transport equipment
Learn more: www.piie.com/research/pii...
March 4, 2025 at 8:46 PM
Here are the imports from Mexico & Canada that will be hit the hardest by the 25% tariffs.
From Mexico: transport equipment, fruits & vegetables, electronics, & machinery
From Canada: wood products, metals, fuels, food products, & transport equipment
Learn more: www.piie.com/research/pii...
From Mexico: transport equipment, fruits & vegetables, electronics, & machinery
From Canada: wood products, metals, fuels, food products, & transport equipment
Learn more: www.piie.com/research/pii...
Reposted by Spiros Travlos
Six fired federal workers will be temporarily reinstated after a decision this week by the Merit Systems Protection Board, the first step toward what lawyers representing fired employees hope will be the restoration of thousands of jobs cut by the Trump administration.
Six Fired Federal Workers Temporarily Reinstated by Review Board
The decision could apply more broadly to thousands of other government employees who were fired because they were on probationary status and relatively new in their positions.
www.nytimes.com
February 27, 2025 at 3:01 AM
Six fired federal workers will be temporarily reinstated after a decision this week by the Merit Systems Protection Board, the first step toward what lawyers representing fired employees hope will be the restoration of thousands of jobs cut by the Trump administration.
Reposted by Spiros Travlos
A humpback whale appeared to gulp Adrián Simancas down, then rolled over into the waters of Chilean Patagonia. “I just closed my eyes, expecting an impact. But instead I felt as if I was surrounded by water. I realized that I was in something’s mouth and I had been eaten.”
Man Is Briefly ‘Swallowed’ by Whale in Chile
Paddling in the Strait of Magellan, Adrián Simancas was caught in a humpback’s lunge. “I realized that I was in something’s mouth and I had been eaten,” he said.
www.nytimes.com
February 15, 2025 at 1:20 AM
A humpback whale appeared to gulp Adrián Simancas down, then rolled over into the waters of Chilean Patagonia. “I just closed my eyes, expecting an impact. But instead I felt as if I was surrounded by water. I realized that I was in something’s mouth and I had been eaten.”
Reposted by Spiros Travlos
Why they really shuttered CFPB paulkrugman.substack.com/p/springtime...
Springtime for Scammers
Financial predation now has friends in high places
paulkrugman.substack.com
February 11, 2025 at 11:46 AM
Why they really shuttered CFPB paulkrugman.substack.com/p/springtime...
Reposted by Spiros Travlos
On those new Trump tariffs: I don't think people realize how narrow they are. They're ugly and stupid, but also arguably an attempt to save face after he lost his nerve on broad tariffs
February 11, 2025 at 11:51 AM
On those new Trump tariffs: I don't think people realize how narrow they are. They're ugly and stupid, but also arguably an attempt to save face after he lost his nerve on broad tariffs
Reposted by Spiros Travlos
Q: Does a trade deficit serve as a good measure of a country's economic strength or weakness when it comes to trade?
Mary Lovely: It's a very simple answer. No.
Listen to the @npr.org interview here:
www.npr.org/2025/02/09/n...
Mary Lovely: It's a very simple answer. No.
Listen to the @npr.org interview here:
www.npr.org/2025/02/09/n...
What it means to have a high trade deficit — and why it's not always a bad thing
NPR's Ayesha Rascoe talks with economist Mary Lovely of the Peterson Institute about trade deficits and the role they play in international trade.
www.npr.org
February 11, 2025 at 2:45 PM
Q: Does a trade deficit serve as a good measure of a country's economic strength or weakness when it comes to trade?
Mary Lovely: It's a very simple answer. No.
Listen to the @npr.org interview here:
www.npr.org/2025/02/09/n...
Mary Lovely: It's a very simple answer. No.
Listen to the @npr.org interview here:
www.npr.org/2025/02/09/n...
Reposted by Spiros Travlos
The Associated Press said on Tuesday that one of its reporters was barred from an Oval Office event because the outlet has continued to refer to the Gulf of Mexico by its original name.
White House Bars Reporter From Event Over A.P.’s Use of ‘Gulf of Mexico’
The Associated Press has said it would refer to the Gulf of Mexico “by its original name while acknowledging” President Trump’s choice to rename the body of water.
www.nytimes.com
February 12, 2025 at 12:30 AM
The Associated Press said on Tuesday that one of its reporters was barred from an Oval Office event because the outlet has continued to refer to the Gulf of Mexico by its original name.
Professor Acemoglu: “over the next decade, he estimated, increased productivity from the diffusion of impressive, but limited, A.I. engines will increase the size of the U.S. economy by only about 1 percent, or roughly 0.1 percent a year.”
www.nytimes.com/2025/02/07/b...
www.nytimes.com/2025/02/07/b...
After DeepSeek Upended the Market, Is It Worth Investing in A.I.?
After the arrival of a less costly A.I. model from China, U.S. markets and academics are wrestling with the ultimate economic value of the technology.
www.nytimes.com
February 8, 2025 at 6:40 PM
Professor Acemoglu: “over the next decade, he estimated, increased productivity from the diffusion of impressive, but limited, A.I. engines will increase the size of the U.S. economy by only about 1 percent, or roughly 0.1 percent a year.”
www.nytimes.com/2025/02/07/b...
www.nytimes.com/2025/02/07/b...
Reposted by Spiros Travlos
Mexico & Canada are important sources for the US of vegetable products, prepared foodstuffs, & animal products.
Higher tariffs on Mexico & Canada will therefore put upward pressure on US food prices. #EconSky
Learn more: www.piie.com/blogs/realti...
Higher tariffs on Mexico & Canada will therefore put upward pressure on US food prices. #EconSky
Learn more: www.piie.com/blogs/realti...
January 31, 2025 at 2:38 PM
Mexico & Canada are important sources for the US of vegetable products, prepared foodstuffs, & animal products.
Higher tariffs on Mexico & Canada will therefore put upward pressure on US food prices. #EconSky
Learn more: www.piie.com/blogs/realti...
Higher tariffs on Mexico & Canada will therefore put upward pressure on US food prices. #EconSky
Learn more: www.piie.com/blogs/realti...
Reposted by Spiros Travlos
If the US imposed an additional 10% tariff on China & China responds in kind, US GDP would be $55 billion less over the four years of the second Trump administration.
Inflation would increase 20 basis points in the US.
More: www.piie.com/blogs/realti...
Inflation would increase 20 basis points in the US.
More: www.piie.com/blogs/realti...
January 31, 2025 at 7:52 PM
If the US imposed an additional 10% tariff on China & China responds in kind, US GDP would be $55 billion less over the four years of the second Trump administration.
Inflation would increase 20 basis points in the US.
More: www.piie.com/blogs/realti...
Inflation would increase 20 basis points in the US.
More: www.piie.com/blogs/realti...
Reposted by Spiros Travlos
I wasn't planning to post today, but this one wanted to be written open.substack.com/pub/paulkrug...
The Pathetic Billionaires’ Club
How fuck-you money can become fuck-me money
open.substack.com
January 19, 2025 at 3:09 PM
I wasn't planning to post today, but this one wanted to be written open.substack.com/pub/paulkrug...
Reposted by Spiros Travlos
Bravo, @anntelnaes.bsky.social.
I guess the new slogan for the Washington Post ought to be:
“Newspapers die in cowardice.”
anntelnaes.substack.com/p/why-im-qui...
I guess the new slogan for the Washington Post ought to be:
“Newspapers die in cowardice.”
anntelnaes.substack.com/p/why-im-qui...
Why I'm quitting the Washington Post
Democracy can't function without a free press
anntelnaes.substack.com
January 4, 2025 at 3:43 AM
Bravo, @anntelnaes.bsky.social.
I guess the new slogan for the Washington Post ought to be:
“Newspapers die in cowardice.”
anntelnaes.substack.com/p/why-im-qui...
I guess the new slogan for the Washington Post ought to be:
“Newspapers die in cowardice.”
anntelnaes.substack.com/p/why-im-qui...
“I’m not sure if the pea kept me awake, or just everything else in the world.” Via New Yorker.
December 23, 2024 at 7:28 PM
“I’m not sure if the pea kept me awake, or just everything else in the world.” Via New Yorker.
Reposted by Spiros Travlos
Moody’s downgrades France’s credit rating over political turmoil
https://www.ft.com/content/010b5743-b943-482e-a947-e99a83da42c1
https://www.ft.com/content/010b5743-b943-482e-a947-e99a83da42c1
Moody’s downgrades France’s credit rating over political turmoil
Agency’s warning of weakening public finances underlines challenges facing new prime minister François Bayrou
www.ft.com
December 14, 2024 at 11:08 AM
Moody’s downgrades France’s credit rating over political turmoil
https://www.ft.com/content/010b5743-b943-482e-a947-e99a83da42c1
https://www.ft.com/content/010b5743-b943-482e-a947-e99a83da42c1
Reposted by Spiros Travlos
“Tesla has been named the "deadliest" car brand after an analysis of vehicle fatality rates determined the brand had the highest number of fatal crashes per mile.”
Tesla Named 'Deadliest Car Brand in America' in Bombshell Car Safety Study
Tesla has been named the "deadliest" car brand after an analysis of vehicle fatality rates determined the brand to have the most fatal crashes per mile.
www.latintimes.com
December 6, 2024 at 10:56 AM
“Tesla has been named the "deadliest" car brand after an analysis of vehicle fatality rates determined the brand had the highest number of fatal crashes per mile.”
Looking back to a year of disappointments
Via the New Yorker.
Via the New Yorker.
December 6, 2024 at 1:57 PM
Looking back to a year of disappointments
Via the New Yorker.
Via the New Yorker.
Reposted by Spiros Travlos
The usual suspects are out there yelling "There are 23 million government workers! Fire most of them!" No awareness that most work for local governments, and most of *them* are schoolteachers. Federal employment hasn't grown since the 1950s
November 23, 2024 at 2:06 PM
The usual suspects are out there yelling "There are 23 million government workers! Fire most of them!" No awareness that most work for local governments, and most of *them* are schoolteachers. Federal employment hasn't grown since the 1950s
“We’re in an era of fractured social media now, where communities gather in different spaces for different purposes …” #bluesky
www.nytimes.com/2024/11/22/t...
www.nytimes.com/2024/11/22/t...
Bluesky Is Turning Into a Strong X Alternative
Bluesky has a hint of the old Twitter magic, but the feeling of freedom it offers might be even better.
www.nytimes.com
November 23, 2024 at 4:06 AM
“We’re in an era of fractured social media now, where communities gather in different spaces for different purposes …” #bluesky
www.nytimes.com/2024/11/22/t...
www.nytimes.com/2024/11/22/t...
Reposted by Spiros Travlos
Welfare state at risk unless Europe halts decline in growth, says Lagarde
https://www.ft.com/content/a16868a8-44cc-4fe8-a51c-c079fb20ccda
https://www.ft.com/content/a16868a8-44cc-4fe8-a51c-c079fb20ccda
Welfare state at risk unless Europe halts decline in growth, says Lagarde
ECB president also warns of heightened global trade tensions as ‘rival blocs’ form
www.ft.com
November 18, 2024 at 6:45 PM
Welfare state at risk unless Europe halts decline in growth, says Lagarde
https://www.ft.com/content/a16868a8-44cc-4fe8-a51c-c079fb20ccda
https://www.ft.com/content/a16868a8-44cc-4fe8-a51c-c079fb20ccda
Reposted by Spiros Travlos
If the US revokes China's permanent normal trade relations #PNTR status, China’s GDP declines by 0.6% from baseline projection by 2027. Over time, production shifts from China to others & Canada, Germany, & Mexico to see higher GDP than otherwise. #EconSky
Read: www.piie.com/publications...
Read: www.piie.com/publications...
November 18, 2024 at 3:06 PM
If the US revokes China's permanent normal trade relations #PNTR status, China’s GDP declines by 0.6% from baseline projection by 2027. Over time, production shifts from China to others & Canada, Germany, & Mexico to see higher GDP than otherwise. #EconSky
Read: www.piie.com/publications...
Read: www.piie.com/publications...