Clem Fon

Japan’s largest toilet maker is undervalued AI play, says activist investor Toto should invest more in its sideline in the chip supply chain, Palliser urges

Which stage of the AI bubble are we when "advances in ceramics during toilet manufacturing" are the new frontier technology for chips' manfuctaring, alongside a soup maker using resin "derived from its expertise in umami flavourings" to make chips' insulation material? www.ft.com/content/4252...

Some snapshots from ongoing work with @cleocz.bsky.social & Liu Li:

Looking at labor economics textbooks over time, you see the discipline shift in the 1970s.

Earlier textbooks revolve around industrial relations & trade unions. Later ones centre on labor markets & human capital.

Britain Lost 14,000 Third Places. They Were Called Pubs. Is Your Local Next? How private equity reshaped the local and the postcode tool that shows the pubs most at risk.

My brother wanted a London pub crawl. The result? My new Substack post: "Britain Lost 14,000 Third Places. They were Called Pubs. Is Your Local Next?" How private equity reshaped the local, which pubs are most at risk and most importantly what to do about it.
open.substack.com/pub/laurenle...

The pace at which US wealth concentration is rising is simply staggering

The concentration of AI wealth into the hands of a few tech barons + plutocratic capture ==> unchartered territory

‘Deregulation’ tops leaders’ retreat, but critics point to investment gap and corporate lobbying EU leaders will discuss simplification and competitiveness and even a 'Buy European' strategy at their informal retreat on Thursday — but others see a simple focus on competitiveness as self-defeating...

Very belated repost, but ok:

Europe's national leaders will meet today to discuss the future of industry (in a castle, of course). Can it remain competitive? If so, how?

New Mozilla Firefox version to allow AI features to be blocked Mozilla will allow Firefox users to entirely block current and future generative AI features on the browser.

Mozilla will allow Firefox users to entirely block current and future generative AI features on the browser after user feedback revealed many who wanted an AI-free browser experience.

Seeing your (old by now) book (the tiny green one, bottom right the monetary section) on the shelves of someone else, when randomly scrolling bluesky and without knowing how it ended there, is a joy that never gets old and worth to share. Great collection by the way @claudia-sahm.bsky.social

GLB est bete. entre le leak de la rtbf sur son amour des voitures de riches et son fail de mascu sur une une emission de telerealite flamande le doute nest plus permis. Mais etre bete au point de copier le playbook de sarkozy 20 ans apres quand on connait deja la fin de l histoire, cest tres fort

Oui mais si on pouvait faire reproduire les nfts des insectes et les vendre via sa propre crpyto, disons l insecta, on en serait pas là. Il a manque la vision strategique de Dogami.

My own hyp is about history of social movement. DEI gained in importance when/with/because wave of social revendications (feminism,lgbtq+) and associated cause entrepreneurs. At the same time, marxism/class ideas and entrpreneurs were fading away. Aca DEI guidelines are outcome of borh dynamics

Corridors rumors i heard about: class background is "too political" in rhe sense left/right (but why not other dei features?) and non visible so less easy to demonstrate (again, why not some of the other dei features then?).Plus us influence: in europe dei guidelines are oft copy pasted from us unis

This enraged me for so many years...when DEI guidelines exist in Europe for aca recruitements, they also never mention class/social background elements

📢now forthcoming in ECMA!

The Class Gap in Career Progression: Evidence from US Academia

Class is rarely a focus of research or DEI in elite US occupations.

Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵

« Les pressions de Donald Trump contre la Fed s’inscrivent dans un effort sans précédent d’extension des pouvoirs de l’exécutif » TRIBUNE. Ce qui se joue dans cette lutte entre l’exécutif et la banque centrale, c’est le sort de la séparation des pouvoirs aux Etats-Unis, affirme, dans une tribune au « Monde », le politiste Antoin...

Pourquoi #Trump s'en prend-il à la Réserve Fédérale ? Quels sont les enjeux de ces attaques du président étasunien contre la banque centrale et ses dirigeants ?

Dans cette tribune pour @lemonde.fr, j'apporte quelques éléments de réponse, issus de mes recherches

www.lemonde.fr/economie/art...

Le groenland, l'ingérence directe et se retrouver personnellement dans la cible de l'extreme droite américaine et sous sanctions financières ont malheureusement du aider. Mais on aurait aimé cette clarté politique plus tôt, cela aurait aidé à ne pas se retrouver dans la situation actuelle.

Il y'a une étude à faire sur le changement rhétorique du personnel politique conservateur qui critiquait "populisme", "les extrêmes politiques" et nous sortait la théorie du fer à cheval il y'a un an et qui maintenant reconnait "enfin" la singularité de la menace de l'extrême droite.

World turns shit but brussels remains the best absurd city ever

Comparing belgium, lux and Ireland with France and Germany in this chart partly answers the question

Well well well. The Danes are weaponising firesales.

But dumping Treasuries in a volume large enough to be meaningful looks almost impossible. we can still start to divest financial flows but impact more likely on middle long term bsky.app/profile/clem...

Financial war in response to trade war and territorial threats? More and more people appear to be calling for it. So I updated my post on U.S. Treasuries holdings—now with the latest data.
benjaminbraun.org/posts/treasu...

Let's start by, at least, bending the curve and stopping to fuel the AI chatbot hype/foolishness (graphs courtesy of excellent @danielagabor.bsky.social report) www.europarl.europa.eu/RegData/etud...

Let's start by, at least, bending the curve and stopping to fuel the AI chatbot hype/foolishness (graphs courtesy of excellent @danielagabor.bsky.social report) www.europarl.europa.eu/RegData/etud...

Could Europe really leverage its $12.6tn pile of US assets? NIIPing an outlandish idea in the bud

If the EU didnt manage to seize Russian assets frozen within Euroclear accounts, can it overcome coordination (and other) problems to sell 12,6 trillions of dollars of US assets owned by a myriad of private financial operators? Answer is no. Never too late to start though www.ft.com/content/beea...

I'm don't think we should get too excited about this. Eurodollar structure is dollar assets funded by dollar liabilities. If Europe moves to dump dollar assets it's left with ... large dollar liabilities. Not a great position to be in, particularly if access to dollar swap lines is questionable.

Didn’t believe this was true but have checked and am told it was sent to the Norwegian government yesterday.

Lets never forget the immense treachery of "regular" conservatives who carved the path for the death of democracy and descent into fascist hellish nightmare. Lets never forgive them neither

Within the next decade the radical right is going to be the main force on the right in Europe (national and EU level). This includes far-right parties and formerly centre-right parties shifting their position. Moderate conservatism and Christian democracy will largely disappear on the right. 1/

Infographie géniale de la DG Trésor : que finance l'épargne financière des ménages français ? J'aurais parié sur bien plus de dette publique, a priori.
www.tresor.economie.gouv.fr/Articles/202...