luis daniel

Jellyfish shut down reactors

The most unexpected case of climate change butterfly effect you’ll see today.
Jellyfish shut down nuclear reactors

chart showing declining response rates to payroll survey

Tedious forms
Declining trust in government
Staffing cuts
Have contributed to declining response rates over the years

Chart showing amount of data collected declining and number of data imputed increasing.

The BLS is making more educated guesses to calculate CPI due to staffing cuts.

Crazy to accuse the BLS of cooking the books, but some context: these were the largest job revisions since the pandemic. Issue is declining survey response rates & they're increasingly making more guesses w/ CPI on less data. This is all a huge problem that won't be solved by firing the commish.

WWEconomics: Kayfabe and the Trade War How the US-China Trade War Became Political Theater

runtime: forever

open.substack.com/pub/kyla/p/w...

Why US Men Think College Isn’t Worth It Anymore Rising tuition, the spread of more traditional ideas of masculinity on social media and a desire for an immediate income are working together to set boys on a different path.

Related to previous post...

www.bloomberg.com/news/feature...

Eight Charts Show Men Are Falling Behind, From Classrooms to Careers The data on how men and boys have fallen behind and on the work opportunities they’re missing.

Young men facing challenges on multiple fronts: they're graduating from high school in fewer numbers, jobs that don't require a bachelors+ are decreasing (e.g. manufacturing), and jobs that are increasing (HEAL) men seem reluctant to get into.

great charts here:

www.bloomberg.com/news/feature...

Law school applications up 24% from last year

Did you forget about the eggs? Bc they just hit a record high. Retailers keeping prices up fearing supply shocks.

Financial Stress Has More Americans Tapping Their 401(k)s Empower sees hardship withdrawals running 15% to 20% above the historical norm.

Oof this is a bad trend. People are withdrawing from their 401(k)'s at a higher rate. Doubly bad to be withdrawing on a down market.

www.bloomberg.com/news/article...

biggest two day drop since the pandemic

Worst S&P performance since presidential inauguration day since Bush's first term

Big miss on Tesla deliveries. Sales fell 13% last quarter. Likely due to backlash on Musk

but also

It's been so sunny in Europe solar generation has exceeded forecasts. In some cases power prices have dipped far below zero.

yes but

Trump antagonizing Canadians has put the Liberals back in the polling lead for the first time since 2023

lol whoops

Officially in a correction! Yay so much winning! 🎉🎊

Market flirting with correction

Also leave it to The Economist to bury the lede in favor of some quip about development theory

India has undermined a popular myth about development Extreme poverty in the country has dropped to negligible levels

This is remarkable. In 1995, almost half of the population of India was living in extreme poverty. Today it’s less than 1%. India has eradicated extreme poverty.

economist.com/finance-and-...

hey no big if not but do u know what the third book is called

Citi Accidentally Credits Client Account With $81 Trillion: FT Citigroup Inc. erroneously credited $81 trillion to a customer’s account instead of $280 last April before reversing the transaction hours later, according to the Financial Times.

When you let your cat walk across your keyboard like 5 times

www.bloomberg.com/news/article...

Trump to Roll Back Water Standards for Dishwashers, Sinks President Donald Trump called for easing water efficiency standards for household appliances and fixtures like dishwashers and sinks, targeting environmental rules embraced by his predecessor Joe Bide...

Make America Rinse Your Plates Before Putting Them in the Dishwasher Again

www.bloomberg.com/news/article...

Los Angeles Faces Mudslide Risk With Heavy Rains Los Angeles is bracing for possible mudslides as heavy rain falls Thursday across land burned by last month’s devastating wildfires, triggering evacuation orders.

LA can't catch a break

www.bloomberg.com/news/article...

"H5N1 has been around since the mid-1990s, but in 2021, the virus became what virologists call promiscuous"

slut.

Bird Flu Is a Big Threat. The US Needs to Start Acting Like It. Scientists suspect a new strain is spreading via dust from bird droppings, carried by the wind.

Your terrifying thought of the day:

"Some experts suspect the virus is moving into farms on the wind — in dust contaminated with infectious bird droppings. This infectious dust might also explain several of the 67 recent human cases with no known route of exposure"
www.bloomberg.com/opinion/arti...

Meet the Adults Who Swear By the Kids’ Menu. ‘Give Me Chicken Tenders and I’m Happy.’ Escalating food prices and healthy eating habits have some grown-ups ordering 12-and-under staples at restaurants.

"It's satisfying, cheaper, less calories, and sometimes there's a little prize or treat"

Part economic anxiety, part... it's probably mostly economic anxiety.

www.wsj.com/lifestyle/me...