One of my favorite things is the rebirth of Honest Tea in the form of Just Ice Tea.

🚀 The space economy is evolving from government-led missions toward commercial markets: satellite broadband, Earth observation, space tourism, even orbital manufacturing. Falling costs expand access—but they also raise complex economic and governance questions.

The BLS is NOT postponing the monthly inflation report, the Consumer Price Index (CPI). Rather, the delay is for the annual Consumer Expenditure Survey (CEX). CEX provides the "weights" for the CPI and other inflation measures.

"We strongly support the U.S. Bureau of Labor Statistics (BLS), its leadership, staff, & mission..." Since 1884 founding, guided by 1st commissioner's principle: "`fearless[ly]' publish facts `without regard to the influence those facts may have upon any party's position or any partisan's views.'”

Sen. Thom Tillis, a Senate Banking Republican, says he will not consider a replacement for Lisa Cook's seat on the Fed board unless/until a court rules her firing was legal. Suggests Pres. Trump will NOT be able to fill her seat unless that happens. From Politico: www.politico.com/live-updates...

Tommy Devito is walking around the North End.

Fyi - A bucket list item of mine is to get added to this

I attended one of the last iterations and it was a great. We received a ton of great feedback on our paper from the journal editors and others in the audience. I can highly recommend the event!

not what i was planning to include in my July jobs report recap (in progress) but here we are

Is AI to blame for the softening labor market? I don't think so, at least not in full. AI is an easy scapegoat, and execs feel better blaming AI rather than economic or policy uncertainty. These and other thoughts in a recent interview for @gizmodo.com -- gizmodo.com/ai-is-alread...

I’ve taught the ⁦‪#Ryanair‬⁩ case many times. First time to experience it IRL!

Some professional news: After more than a decade of columnizing at The Washington Post, I'm taking the buyout. This is my last column. It is my advice to any other lucky pundits who land a perch like this -- with 11 principles I've aspired to, even if I haven't always achieved them: wapo.st/3TU2fGw

Schrier to RFK Jr: You gave Cassidy the answer he needed to hear in order to get his confirmation vote, then as soon as you were secretary you turned around & fired all 17 members. You lied. I also want to be clear that I will lay all responsibility for every vaccine-preventable death at your feet.

Trump has been walling us off from foreign-made goods, ideas, and most significantly, humans. This month, Trump banned entry from most or all nationals from 21 countries; leaked memo suggests another 36 to be added. Trump is finally building his wall, and Americans will pay for it.

The New York Times asked me for a new job that AI will create. I suggested "sin eater." (lots of good discussion of many other jobs in the article: www.nytimes.com/2025/06/17/m...)

A.I. Might Take Your Job. Here Are 22 New Ones It Could Give You. @robcapps.bsky.social wrote an excellent article @nytimes.com with views from yours truly, @emollick.bsky.social, @erikbryn.bsky.social and others. www.nytimes.com/2025/06/17/m...

American Bar Association files suit to halt government intimidation of lawyers and law firms www.americanbar.org/news/abanews...

AI inroads update: Danielle Abril asks, Will a slower economy accelerate AI workforce impacts, disruption? I add a few thoughts to a good speculative story. wapo.st/4kRgYxi @brookings.edu

This isn't good: "BLS is reducing sample in areas across the country. In April, BLS suspended CPI data collection entirely in Lincoln, NE, and Provo, UT. In June, BLS suspended collection entirely in Buffalo, NY." #EconSky www.bls.gov/cpi/notices/...

An outright lie from OMB Director Russell Vought.

I'm looking for ways to use LLMs in a game theory course. Please share suggestions and examples. What have you found that works? What doesn't work?

Tesla now accepts Cybertruck trade-ins, and the official resale loss is $35k over just 6,000 miles. I repeat: according to Tesla itself a Cybertruck loses $5.60 cents per mile, not counting the cost of electricity, tires, etc. Unprecedented levels of flop! www.torquenews.com/11826/tesla-...

#econsky What do we know about “Artificial Intelligence, Scientific Discovery, and Product Innovation” and about MIT's investigation of this paper, which apparently led to expulsion of its author? And what should we change in response. /1

Interesting new #AI geography work: #AI emp declines rapidly with distance from AI #innovation hotspots, report @Jennifer Hunt, Iain Cockburn, and James Bessen www.nber.org/papers/w33022 @nickbloom.bsky.social @robseamans.bsky.social @shriyared.bsky.social

What a line from Warren Buffett this morning: “Be kind, and the world is better off. I'm not sure that the world will be better off if I'm richer." [applause] 🙏🏼

Lotta life changes happening www.politico.com/newsletters/...

Trump has proven very good at electing liberals. Just not in the United States www.washingtonpost.com/world/2025/0...

Breaking News: U.S. employers added 177,000 jobs in April, a steady pace of hiring that shows that the labor market remained in good condition last month. Follow live updates.

A new @brookings.edu article by Martin Totaro and Connor Raso argues for a federal victim compensation fund for accidents involving autonomous vehicles. They argue this will address a market need and spur investment and adoption in AVs. www.brookings.edu/articles/nav...

Ah yes, the government asking Jews to register as Jewish, in the name of protecting the Jews. No way that could go wrong www.nytimes.com/2025/04/23/n...

A new @brookings.edu article by @digitalarun.bsky.social highlights the need to rethink how we develop and train the US workforce, in light of the rapid progress made in AI and other digital technologies. www.brookings.edu/articles/wor...

100% what @florianederer.bsky.social said - big congratulations to all of the @aeajournals.bsky.social Best Paper award winners, especially Zach Brown & @amackay.bsky.social for their terrific paper on #algorithms and #competition! #economics #AI #econsky

Astronomers Detect a Possible Signature of Life on a Distant Planet www.nytimes.com/2025/04/16/s...

A new @brookings.edu article by @malihealikhani.bsky.social @northeasternu.bsky.social highlights the problem of “AI sycophancy” and argues we need a mix of public policies, system design and user education to address the issue. Read the article here: www.brookings.edu/articles/bre...

This so incredibly bad I don’t have words for it.

Welp, got an answer to this question: Apparently the answer is no tariffs are being collected. Trump broke the system www.cnbc.com/2025/04/11/c...

Let's do our jobs. Speak clearly what we know well. Help each other understand our world. Tenure is made for moments like this, to boost your security & courage. Truth & solidarity is the only path. Silence won't save you.

A new @brookings.edu article by Hanna Halaburda, my NYU Stern colleague, argues that blockchain’s promise of decentralization is being threatened by the emergence of dominant actors. www.brookings.edu/articles/the...

New York Warns Trump It Will Not Comply With Public School D.E.I. Order www.nytimes.com/2025/04/04/u...

Bilateral TD's reflect comparative advantage and are not necessarily a problem. I have a TD with my barber because I buy haircuts from him and he doesn't buy lectures from me. TD's are NOT a ripoff of our country by other countries! That's dumb. Cheers. (14/14)

Sounds efficient.

Very good thread on the economics of tariffs from @johnmclaren.bsky.social

Some professional news, as they say. (I have acquired some more gray in my beard since that photo was taken, I must confess.)

New @budgetlab.bsky.social report about today's tariff announcement: • The April 2nd policy alone is the equivalent of an 11.5pp increase in the effective tariff rate. When combined with other US tariffs in 2025, we're at 22 1/2%, the highest rate since 1909. 1/7

#JobsDay is tomorrow and all 👀 eyes are on the March report to see how the economy fared amid ongoing tariff uncertainty. Get a sneak peek at what’s coming from @mikemadowitz.bsky.social: rooseveltinstitute.org/blog/j...

These are not retaliatory tariffs & the media should not use that term. They are based on US bilateral trade balance with each country. This makes no sense. A bilateral surplus is not a reflection of “cheating”. We run a surplus with Australia, not because we cheat but bc they want things we make.

#Hiring! I'm looking for a pre-doc to work with me at NYU Stern School of Business on topics related to AI and tech. Please send to anyone you think might be interested. apply.interfolio.com/165718

I enjoyed this recent post by @jamespethokoukis.bsky.social on how the "messiness" of jobs makes them hard to automate (and hence AI has so far not taken away too many jobs). ✨🤖 What jobs today are really most AI vulnerable? open.substack.com/pub/fasterpl...