Special - What Could Go Right? w/ Zachary Karabell Zachary Karabell of The Progress Network joins the program to talk about the big things: liberalism, American political capitalism, Trump, "abundance," and more. americanprestige.supportingcast.fm/listen/ameri...

"main driver of the [Q1] contraction was Trump’s trade war. Net exports, the difference between what the U.S. imports and exports, subtracted nearly 5 percentage points from headline GDP. That was the biggest quarterly drag from net exports on record dating back to 1947." www.wsj.com/economy/us-g...

“”None whatsoever,” Trump said in the Oval Office when asked to clarify that he did not seek Powell’s removal. “Never did.”” www.cnbc.com/2025/04/22/t...

“‘I do say China is going to be a slog in terms of the negotiations,” Bessent said according to a transcript obtained by The Associated Press. “Neither side thinks the status quo is sustainable.’” apnews.com/article/tari...

Negotiations with Washington will ramp up this week as representatives of several Asian countries in particular aim to evade Trump’s trade war.

“The DJIA shed almost 1,000 points on Monday and is headed for its worst April performance since 1932… The S&P 500’s performance since Inauguration Day is now the worst for any president up to this point in data going back to 1928, according to Bespoke Investment Group.” www.wsj.com/finance/inve...

“It is hard to imagine a scenario in which the US emerges as a net winner of these tariff wars even if it achieves some of its objectives…The drag from higher prices, lower efficiency and damage to its policymaking credibility will outweigh any benefits.” on.ft.com/4lChBMm

‘“Japan has grave concern over the consistency" with regards to the latest U.S. automobile tariffs and the 2019 bilateral trade deal, Ishiba told parliament.”’

"I don't want them to go higher because at a certain point you make it where people don't buy," Trump told reporters… …I may want to go to less because you know you want people to buy and, at a certain point, people aren't gonna buy." asia.nikkei.com/Economy/Trad...

Treasury Secretary Scott Bessent is one of the key individuals charged with carrying out President Trump's economic agenda…. youtu.be/FPdkZlU8UfM?...

Interview with Chinese economist and associate professor of economics at the London School of Economics Keyu Jin about Trump's trade war and who has the upper hand: youtu.be/ZtyU_DZWqMw?...

Treasury Secretary Scott Bessent on Tariffs, Bonds, and the Next Fed Chair…. youtu.be/qIbW02mJI7A?...

In a large-scale trade war with China, the U.S. economy will suffer more than the Chinese economy will, argues @adamposen.bsky.social. “The Trump administration may think it’s acting tough, but it’s in fact putting the U.S. economy at the mercy of Chinese escalation.”

“The company is working with Foxconn on a supercomputer plant in Houston.” www.wsj.com/tech/nvidia-...

“”We will end up in a place of great certainty over the next 90 days on tariffs,” he promised.” on.ft.com/3G18cOn

Interesting detailed analysis expanding on Trump’s tariffs by @bennorton.com: youtu.be/VnajhDMAWVA?...

Highly recommend this article. Really interesting history here: www.nplusonemag.com/online-only/...

“Even before Trump, Japan already levied less than the 2.5% tariff on vehicle imports the U.S. charges. How much less? Nothing, in fact — Tokyo hasn’t imposed tariffs on car imports since 1978. The country indeed had barriers to clear in the past, but those haven’t existed for years….”

NEW 🧵 A quick thread of charts showing how Trump’s economic agenda is going so far: 1) US consumers are reacting very very negatively. These are the worst ratings for any US government’s economic policy since records began.

“The conventional thinking was that AI companies needed expensive, leading-edge computer chips—such as those made by Nvidia—to train the best systems… But DeepSeek didn’t have leading-edge chips—and its models appear to be roughly on par with top U.S. rivals on certain benchmarks…”

The issue of fire department spending, boring and burdened with specifics in normal times, is now a critical issue in Los Angeles following the massive destruction wreaked by a wildfire in Pacific Palisades, which continues to burn. www.latimes.com/california/s...

@ashleyafrawley.bsky.social is I believe touching on something profound, insightful, and important here: www.compactmag.com/article/scho...

Really good episode, and really appreciate the recent Andrew Day and @connorechols.bsky.social @nonzeronews.bsky.social collaboration episodes.

“In recent interviews with potential nominees to lead bank regulatory agencies, Trump advisers and officials from his newfound Department of Government Efficiency have, for example, asked whether the president-elect could abolish the Federal Deposit Insurance Corp….”

“‘Health insurance, she writes, “is in some ways the original sin that catalyzed the evolution of today’s medical-industrial complex,” as coverage evolved from mechanisms to help people with lost incomes when they were hospitalized to the comprehensive plans we have today…’”

A deep dive into the digital footprint of Luigi Mangione, a man radicalized by pain. shatterzone.substack.com/p/alleged-ce...

In the frenzy of news coverage following Luigi Mangione’s arrest, the video went viral. But a review of video forensics conducted by The Intercept proves the clip is a hoax.

Google said its quantum computer needed less than five minutes to perform a mathematical calculation that one of the world’s most powerful supercomputers could not complete in 10 septillion years, a length of time that exceeds the age of the known universe. nyti.ms/3DaZFH5

Is it Bad to leave Twitter? No. Here are 7+ years of insights from my lab’s research that explain why. Featuring work w/ @williambrady.bsky.social @killianmcloughlin.bsky.social 🧵

NEW: The latest issue of The Earthling, by @robertwrighter.bsky.social, Andrew Day, and @connorechols.bsky.social. This issue explores the conflict in Syria, AI updates, Russia-Ukraine, the Hunter Biden pardon, and much more. nonzero.substack.com/p/is-bluesky...

Besides Donald Trump, Elon Musk and his fellow DOGE head Vivek Ramaswamy, at least 11 billionaires will be serving key roles in the administration. Whether it acts as a government for billionaires could test and potentially tarnish Trump's populist legacy. trib.al/gExhwrT

“One of the striking things about the reversal in fentanyl deaths is that it is spreading smoothly from the east coast of the US to the west… an almost perfect echo of the drug’s initial spread a decade ago.” www.ft.com/content/6b19...

“We have posts that are exactly the same on Twitter and on Bluesky, and with those identical posts, Bluesky is getting 20 times the engagement or more than Twitter,” Pittman said. “Seeing a social media platform that doesn’t throttle links really makes it clear how badly we were being limited….”

“The growing popularity of Bluesky, which has a largely liberal base and harder-to-manipulate algorithm, has sparked “worried chatter within Chinese state media circles,” a former Xinhua and China Daily employee wrote in his newsletter.”

@statnews.bsky.social picked up my blog post! www.statnews.com/2024/11/22/t...

The website vs app split for Bluesky vs Threads captures the difference in user base and usage patterns beautifully. Bluesky = knowledge sector workers who have it open all day in a tab next to their emails. “Wait what was I doing again?” Threads = normies watching recipe videos on the commute.

“Its use [for] newsfeeds and book promotion no longer outweighs wading through an ocean of filth.” … “As the algorithm became more pernicious, I was seeing far more tweets from users I didn’t follow.” ftedit.ft.com/Ju3k/j2jpdcrj Mass X-odus: professionals desert Elon Musk’s network

Bluesky now has over 20M people!! 🎉 We've been adding over a million users per day for the last few days. To celebrate, here are 20 fun facts about Bluesky: