The rich must be incentivised; the poor must be disciplined.
The political economy of the super-elite in one headline.
@kldpsa.bsky.social
Dealing with the appalling and cruel chaos being inflicted on us with pure unmitigated rage.
The rich must be incentivised; the poor must be disciplined.
The political economy of the super-elite in one headline.
The idea that President can negotiate/dictate bilateral โdealsโ by using the full force of the federal government to punish and humiliate his perceived enemies goes against the whole idea of the rule of law. That should be the story, rather than normalizing this authoritarian behavior.
05.08.2025 11:24 โ ๐ 3263 ๐ 857 ๐ฌ 50 ๐ 452019โฏโโฏ2024 โ Repeated denials and discovery stonewalling Through years of communications with the police, the plaintiffs and the court through the investigation and later the discovery process for the lawsuit, Tesla never mentioned that it had all the data that explained how Autopilot saw the crash, which everyone was seeking, sitting on its servers for years. The facts are: Tesla had the data on its servers within minutes of the crash When the police sought the data, Tesla redirected them toward other data When the police sought Teslaโs help in extracting it from the computer, Tesla falsely claimed it was โcorruptedโ Tesla invented an โauto-deleteโ feature that didnโt exist to try explain why it couldnโt originally find the data in the computer When the plaintiffs asked for the data, Tesla said that it didnโt exist Tesla only admitted to the existence of the data once presented with forensic evidence that it was created and transfered to its servers.
This whole story is insane. Tesla apparently did everything it could to avoid providing the data it had about its Autopilot crash. This is just a snippet and there's a lot more. electrek.co/2025/08/04/t...
04.08.2025 17:55 โ ๐ 3906 ๐ 1373 ๐ฌ 49 ๐ 108There goes the "presumption of regularity" as DOJ lawyers lie to the courts and dodge their orders: www.nytimes.com/2025/08/04/u...
04.08.2025 22:16 โ ๐ 94 ๐ 31 ๐ฌ 3 ๐ 5The 'reciprocal' tariffs are more a ploy to strengthen US negotiating hand than estimates of unfair trade practices the US faces. Even if reduced to 15%, imposing tariffs on Americaโs poorest trading partners would do little to reduce the US trade deficit but would harm their economic development.
04.08.2025 19:35 โ ๐ 13 ๐ 5 ๐ฌ 1 ๐ 2It's going to be really weird watching ppl get nostalgic for the hot labor market a few years ago everyone hated at the time
04.08.2025 13:25 โ ๐ 80 ๐ 15 ๐ฌ 5 ๐ 0If you, regular person, did anything like this after a fatal car accident, you would be prosecuted for a variety of crimes, including insurance fraud.
If you then repeatedly lied to the courts about it, like Tesla did, you'd get prosecuted for that too, plus stiff monetary sanctions.
A fun reminder that a loss of 60,000 jobs in and around academia is ~50% more than all coal mining jobs in the entire country.
04.08.2025 00:02 โ ๐ 5327 ๐ 1777 ๐ฌ 49 ๐ 36A massive regressive national sales tax imposed upon every American by a president with no constitutional authority to impose a national sales tax. The reason why the founders gave this power to Congress is because this would never pass any Congress- even this one.
04.08.2025 00:02 โ ๐ 8069 ๐ 3121 ๐ฌ 343 ๐ 146This is Trumpโs f*cked-up economy, but donโt miss this point in the jobs reportโif it hadnโt been for healthcare, we wouldโve actually lost jobs every single month.
03.08.2025 19:39 โ ๐ 1346 ๐ 567 ๐ฌ 58 ๐ 22Moodys Chief Economist Mark Zandi: โThe (US) economy is on the precipice of recessionโฆConsumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. And with inflation on the rise, it is tough for the Fed to come to the rescue.โ
03.08.2025 22:36 โ ๐ 2036 ๐ 657 ๐ฌ 98 ๐ 93The increasing intermittency ofโฆ.nuclear power stations:
Source: Financial Times | โHeatwaves test Europeโs electricity system as air conditioning use soarsโ on.ft.com/4fsSclS
The latest jobs report isโฆvery bad.ย
July: 73,000
June: 14,000
May: 19,000
This is the worst economic jobs report since mass layoffs during COVID.
โThere is no precedent for politicians so aggressively raising money for their own entities when they do not have a campaign to use it for.โ
Keep going, NYT. Youโre almost thereโฆ
Trump claims he "ended" the war in Congo and Rwanda. What he's really been up to is another mineral grab: www.bbc.com/news/article...
03.08.2025 14:53 โ ๐ 51 ๐ 18 ๐ฌ 3 ๐ 0In other words, ICE raids are racially profiling.
Which is why there is no paperwork.
โ.. We have no interest in running a lower-margin business, particularly due to tariffs,โ said the CFO. โAnd if this is something thatโs going to be a permanent increase to our cost structure, we have to find a way to cover it.โ
@nytimes.com
www.nytimes.com/2025/08/02/b...
Heads up: the Bureau of Labor Statistics also calculates the Consumer Price Index.
03.08.2025 11:29 โ ๐ 1934 ๐ 661 ๐ฌ 69 ๐ 31He's promising to protect the integrity of the data by firing statisticians who follow established methods of data collection and processing whenever those methods yield numbers that don't please the boss.
03.08.2025 14:18 โ ๐ 2524 ๐ 660 ๐ฌ 131 ๐ 23A total of 154,000 federal employees took the deferred resignation program.
(Remember, the government is still paying these employees, so they will not show up on unemployment figures yet)
abcnews.go.com/Politics/fed...
Thanks everyone, itโs been fun being a scientist in the US. ๐
02.08.2025 20:56 โ ๐ 457 ๐ 127 ๐ฌ 13 ๐ 5"A weather station in the Norwegian part of the Arctic Circle recorded temperatures above 30C (86F) on 13 days in July." www.theguardian.com/environment/...
02.08.2025 12:27 โ ๐ 133 ๐ 93 ๐ฌ 4 ๐ 14NEWS --> An internal Homeland Security memo suggests Trump's use of military for domestic enforcement is about to get worse. It details top-level talks between Defense Department and DHS on what this should look like. Experts say it's alarming.
We obtained the memo:
newrepublic.com/article/1987...
More reporting on falling vax rates:
The new CDC statistics "provide a sobering explanation for the resurgence of childhood diseases across the United States."
"There were more than 32,000 cases of whooping cough in 2024, the highest tally in a decade."
1/2
www.nytimes.com/2025/07/31/h...
What to make of POTUS's attempt to fire the Commissioner of the Bureau of Labor Statistics (BLS)?
Let's run down what knowledgable people are saying...
CNN: "We came into this week and we said it was a pivotal week for the economy. And I gotta say -- indicator after indicator has turned out worse than expected. Core GDP really showed that the US economy slowed down during Q2. Yesterday's inflation report -- that heated up."
01.08.2025 13:14 โ ๐ 5635 ๐ 1964 ๐ฌ 287 ๐ 159Firing the BLS Commissioner โ the wonk in charge of the statisticians who track economic reality โ is an authoritarian four alarm fire.
It will also backfire: You can't bend economic reality, but you can break the trust of markets. And biased data yields worse policy.
Personally, I would rather spend $200M on cancer research than on an effing ballroom, but maybe thatโs just me. ๐คฌ
31.07.2025 23:56 โ ๐ 168 ๐ 28 ๐ฌ 6 ๐ 2Epstein survivor Sarah Ransome on Ghislaine Maxwell: โIt makes me sick that she is claiming to be a victim. This is the same woman that grabbed my arm and forced me into a room to be raped by Jeffrey. She had this evil smirk on her face. And she enjoyed it.โ
ht: @marcofoster.bsky.social
This labor market is in trouble. Healthcare are social assistance are pretty much the only sectors hiring. This is NOT healthy. **Just +73,000 job gains in July** Healthcare +55,000 Social assistance +18,000 Retail +16,000 Finance +15,000 Hospitality +5,000 State gov't +5,000 Transport/warehouse +4,000 Construction +2,000 Professional and biz services -14,000 Federal gov't -12,000 (down -84,000 since January) Manufacturing -11,000 Local gov't -3,000 Information -2,000
the just out July jobs report is not good news for the economy
01.08.2025 12:54 โ ๐ 3513 ๐ 1180 ๐ฌ 296 ๐ 122