As a new Fed Chair casts doubt on offical statistics after the Aministration drastically cut their funding, it is worth remembering how and why we created federal statistics agencies in the first place...they reduce scope for gaslighting the public
www.aeaweb.org/articles/pdf...
In our magazine, the latest from Texas Observer cartoonist Ben Sargent.
Read more from our July/August 2026 issue: www.texasobserver.org/issues/july-...
BREAKING: The Pentagon reportedly delayed announcing the U.S. strikes on Iran until after the stock market closed at 4 p.m. ET on Friday, with the timing intended to minimize the immediate impact on financial markets, according to NBC News.
🚨🚨🚨🚨 This is my latest story—a piece I have worked on and off for more than SIX MONTHS!!!
Let me take a deep breath and explain to you why I am obsessed with this one (1/N) (1/5)
The curious case of why UK and Canada CPI use grocery scanner data but the US can’t
A deep dive on why the US's—the world's most important economy—inflation statistics enhancement progress has surprisingly...
https://en.econreporter.com/58106/why-uk-canada-cpi-use-grocery-scanner-data-us-cant/
Graham Platner vs. the Machine
"Starting Tuesday, and over the next five months, the people of Maine will decide what matters to them – and which side they’re on."
Read here: zeteo.com/p/graham-pla...
💰 New here? We're an automated feed tracking TAX bills in statehouses across the country -> income, sales, property & excise taxes, credits & exemptions.. and more!
When a bill moves, we post it (with a link to the bill) so you can follow what your legislature is doing.
Weekly Digest every Friday!
The markets had a terrible Friday… apparently because the bond market had a terrible Friday… at the root of the problem? Inflation #economy#inflation#stockmarket
this is why there’s been mass revolt and opposition to data centers being built in communities. it is genuinely a health hazard to live this close to something emitting this much sound. these need to stop being built
BARTIROMO: Do you believe the price of oil and gas will be lower before the midterm elections?
TRUMP: I hope so. I mean, I think so. It could be the same or maybe a little big higher
(Check out Maria's face as he says this!)
Amazon's deal with the postal service is expected to result in the retailer using USPS for more than 1 billion annual package deliveries. or 80% of existing business - Source $AMZN
Declining upward job mobility reduced annual real wage growth in the US by 0.68 percentage points, roughly one-third of the post-1980 slowdown, from Niklas Engbom, Aniket Baksy, and Daniele Caratelli www.nber.org/papers/w34981
Troubling development--Core PCE inflation was hot in Jan at 0.36% m/m & 3.1% y/y BUT it would have been even hotter had BEA not shifted its source data in an ad hoc fashion to avoid showing an 11.9% m/m rise in legal fees shown in the CPI. The BEA acknowledged they made this choice...not a good look
An Ohio poll has Democrats leading by 10 in the upcoming governor race and by 4 in the Senate race (that’s the Sherrod Brown race). theoec.org/wp-content/u...
Crazy story: A bank analyst published a report showing Kalshi users lose money even faster than sports gamblers, so Kalshi first tried to pressure the data provider to change their data and then accused them and the analyst of conspiring to extort them when that doesn’t work.
This afternoon, retired Army general Stanley McChrystal spoke at the retirement ceremony hosted by HRC for six trans service members who were forced out under Trump’s ban.
“I shouldn’t have to be thanked for being here. First off, we shouldn’t be here. This shouldn’t be happening.”
Full remarks:
Former BLS commissioner Bill Beach says the agency has lost 25% of its staff since January. 40% of leadership positions are vacant. And DOL leadership “does not seem to support the Bureau.”
#ASSA2026#EconSky
The USDA sent an email to grocery stores telling them they are prohibited from offering special discounts to customers affected by the SNAP funding lapse.
I'm aware of at least 2 stores that had offered struggling customers a discount, then withdrew it after receiving this email
Report examining the employment history data of more than 3m finance & tech workers at companies that rolled out office mandates found that turnover among women is almost three times as high as that of their male co-workers, and that women are more likely to take a lower position if they leave
I was back at 26 Federal Plaza today, where an ICE agent violently threw this bereft woman to the ground in front of her kids. She had not touched him. She did not pose any threat. She had to be taken to the hospital. (🎥: Elias Eliahu)
#BLS has delayed the 2024 Consumer Expenditures Survey annual release. This is likely due to the severe understaffing in the agency.
Staff losses and hiring freeze are taking their toll.
www.bls.gov/cex/notices/...#econsky
Disney/ABC have a responsibility to refuse to participate in corruption.
Kimmel must be reinstated. If Disney/ABC agree to this extortion then perhaps creatives + workers should consider collective action to push back. Same w/buying park + cruise tickets if they bow.
People have power. Ask Target