Trump’s announcement of talks “immediately” between the US and Russia over Ukraine after a 90 minute call with Putin, shocked Ukraine and Europe despite Trump’s outstanding promise to end the war in 24 hours when he took office. European leaders...
Scientists Simulated a Quantum Apocalypse. Then the Universe Disappeared. Popular Mechanics Climate DOGE plans for NOAA, FEMA could have big climate impacts Axios Should people be told? Arctic News Syndemics Revenge of the Covid Conspiracy Theorists Wired Facing egg shortage,...
Recall Principle 2 of Three Simple Principles of Trade Policy, Businesses are Consumers Too. Case in point, steel. Justin Wolfers summarizes an analysis of Trump’s 2018 steel tariffs: Going back further we have a good analysis from Lydia Cox of...
Yves here. This post give a fine recap of the considerable health problems created by industrial animal farming in the US, including the impact on human water supplies. However, I’m disappointed to see the nod to lab grown meat. I...
Yves here. Perhaps this is old hat to readers, but it was news to me that globalization, in particular offshoring, had largely stalled out after the 2008 financial crisis. The authors focus on the role of uncertainty. I would hazard...
Yves here. This post is a more extensive assessment of the topic broached by KLG via e-mail and that I hoisted into a post. KLG described how proposed indirect overhead cuts for NIH and NSF grants would put most large...
Outpacing ERS forecast. Implied futures suggest higher prices yet. Figure 1: Top panel – Consumer Price of Dozen Eggs (blue, left scale), ERS forecast of January 2025 for end 2024 (blue square, left scale), both in $, and PPI for fresh...
Bird Song of the Day Brown Thrasher, Sippo Lake–Exploration Gateway, Stark, Ohio, United States. * * * By Lambert Strether There’s a quotation from John D. MacDonald’s Pale Grey for Guilt that I can’t find; of the villain, mild-mannered economist...
Trump is surrounded by ideologues, so they really may believe that their efforts to gut entire Federal operations will somehow magically be beneficial. The same was true of the Chicago Boys, who administered a no-holds-barred neoliberal program in Chile under...
Yves here. This post usefully addresses whether the cudgel Trump has used with such glee and abandon, that of threatening to impose big tariffs on countries from whom he wants to extract concessions, is legit. Admittedly even before getting to...
